Summary
B.CON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €38,137 and a net result of €6,030. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 52% of 6,572 sector peers (NACE 64, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€38,137▲ 18.8%
2024 · €32,107
Net result
€6,030▼ 77.3%
2024 · €26,572
Total assets
€72,180▼ 15.9%
2024 · €85,850
Solvency
52.8%▲ 15.4pp
2024 · 37.4%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 70% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€10,802
2025
Net result€6,030
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€72,180
2025
Equity€38,137
2025
Debt€34,043
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1,603
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)8.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency52.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1,269-€365▼ 71.2%€573▲ 56.8%-€7,452-€16,673▼ 124%€35,464€10,802▼ 69.5%
Net result€888-€182below the sector's middle half▼ 79.6%€341below the sector's middle half▲ 87.8%-€8,144below the sector's middle half-€16,970below the sector's middle half▼ 108%€26,572within the sector's middle half€6,030within the sector's middle half▼ 77.3%
Equity€30,126-€30,308below the sector's middle half▲ 0.6%€30,649below the sector's middle half▲ 1.1%€22,504below the sector's middle half▼ 26.6%€5,534below the sector's middle half▼ 75.4%€32,107below the sector's middle half▲ 480%€38,137below the sector's middle half▲ 18.8%
Total assets€31,442-€31,809below the sector's middle half▲ 1.2%€77,089below the sector's middle half▲ 142%€71,088below the sector's middle half▼ 7.8%€88,892below the sector's middle half▲ 25.0%€85,850below the sector's middle half▼ 3.4%€72,180below the sector's middle half▼ 15.9%
Debt€1,316-€1,502▲ 14.1%€46,440▲ 2,992%€48,583▲ 4.6%€83,358▲ 71.6%€53,743▼ 35.5%€34,043▼ 36.7%
Working capital€30,126-€26,309within the sector's middle half▼ 12.7%-€23,723within the sector's middle half-€27,024within the sector's middle half▼ 13.9%-€52,366within the sector's middle half▼ 93.8%-€14,238within the sector's middle half▲ 72.8%€1,603within the sector's middle half
Solvency95.8%-95.3%above the sector's middle half▼ 0.5pp39.8%within the sector's middle half▼ 55.5pp31.7%within the sector's middle half▼ 8.1pp6.2%below the sector's middle half▼ 25.4pp37.4%within the sector's middle half▲ 31.2pp52.8%within the sector's middle half▲ 15.4pp
Current ratio23.89-18.52above the sector's middle half▼ 5.370.49within the sector's middle half▼ 18.030.44within the sector's middle half▼ 0.050.37within the sector's middle half▼ 0.060.74within the sector's middle half▲ 0.361.05within the sector's middle half▲ 0.31
Return on assets (ROA)2.8%-0.6%within the sector's middle half▼ 2.3pp0.4%within the sector's middle half▼ 0.1pp-11.5%below the sector's middle half▼ 11.9pp-19.1%below the sector's middle half▼ 7.6pp31.0%above the sector's middle half▲ 50.0pp8.4%within the sector's middle half▼ 22.6pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,180
Fixed assets
€36,533 ▼ 21.2%
Current assets
€35,646 ▼ 9.8%
Equity and liabilities €72,180
Equity
€38,137 ▲ 18.8%
Debt
€34,043 ▼ 36.7%
Debt's share of the balance-sheet total falls from 62.6% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.8%▼
2024 · 82.8%
Debt ≤ 1 year
€34,043▼
2024 · €53,743
Income taxes
€4,729▼
2024 · €8,838
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €609 | €922 | €6,206 | €12,669 | €13,038 | €13,007 | ▼ 0.2% |
| Other operating charges640/8 | - | - | - | €494 | €2,245 | €1,454 | €1,765 | ▲ 21.4% |
| Gross operating margin9900 | €1,883 | €1,495 | €2,016 | -€752 | -€1,759 | €49,956 | €25,573 | ▼ 48.8% |
| Operating profit (loss)9901 | €1,269 | €365 | €573 | -€7,452 | -€16,673 | €35,464 | €10,802 | ▼ 69.5% |
| Financial income75/76B | - | - | - | - | €1 | €18 | - | - |
| Recurring financial income75 | - | - | - | - | €1 | €18 | - | - |
| Financial charges65/66B | - | - | - | €752 | €48 | €71 | €43 | ▼ 39.8% |
| Recurring financial charges65 | €37 | €73 | €44 | €752 | €48 | €71 | €43 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | €1,232 | €292 | €529 | -€8,204 | -€16,720 | €35,411 | €10,759 | ▼ 69.6% |
| Income taxes67/77 | €345 | €111 | €188 | -€60 | €250 | €8,838 | €4,729 | ▼ 46.5% |
| Profit (loss) for the period9904 | €888 | €182 | €341 | -€8,144 | -€16,970 | €26,572 | €6,030 | ▼ 77.3% |
| Profit (loss) for the period to be appropriated9905 | €888 | €182 | €341 | -€8,144 | -€16,970 | €26,572 | €6,030 | ▼ 77.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €31,442 | €31,809 | €77,089 | €71,088 | €88,892 | €85,850 | €72,180 | ▼ 15.9% |
| Fixed assets21/28 | - | €3,999 | €54,372 | €50,232 | €57,901 | €46,345 | €36,533 | ▼ 21.2% |
| Tangible fixed assets22/27 | - | €3,999 | €54,372 | €50,232 | €57,901 | €46,345 | €36,533 | ▼ 21.2% |
| Plant, machinery and equipment23 | - | - | - | - | €3,000 | €2,834 | €3,804 | ▲ 34.2% |
| Furniture and vehicles24 | - | - | - | €50,232 | €54,901 | €43,511 | €32,729 | ▼ 24.8% |
| Current assets29/58 | €31,442 | €27,811 | €22,717 | €20,856 | €30,992 | €39,505 | €35,646 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €2,269 | €1,134 | €10,414 | €11,117 | €12,910 | €22,399 | €7,380 | ▼ 67.1% |
| Trade receivables40 | - | - | - | €826 | €7,568 | €22,399 | €7,380 | ▼ 67.1% |
| Other amounts receivable41 | - | - | - | €10,290 | €5,342 | - | - | - |
| Current investments50/53 | €12,723 | €1,357 | €1,357 | €1,357 | €100 | €100 | €100 | = |
| Cash at bank and in hand54/58 | €16,451 | €25,319 | €8,592 | €6,029 | €13,145 | €13,777 | €24,808 | ▲ 80.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,354 | €4,837 | €3,229 | €3,358 | ▲ 4.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €31,442 | €31,809 | €77,089 | €71,088 | €88,892 | €85,850 | €72,180 | ▼ 15.9% |
| Equity10/15 | €30,126 | €30,308 | €30,649 | €22,504 | €5,534 | €32,107 | €38,137 | ▲ 18.8% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €28,000 | €33,750 | ▲ 20.5% |
| Distributable reserves133 | - | - | - | €2,000 | €2,000 | €28,000 | €33,750 | ▲ 20.5% |
| Profit (loss) carried forward14 | €8,126 | €8,308 | €8,649 | €504 | -€16,466 | -€15,893 | -€15,613 | ▲ 1.8% |
| Amounts payable17/49 | €1,316 | €1,502 | €46,440 | €48,583 | €83,358 | €53,743 | €34,043 | ▼ 36.7% |
| Amounts payable within one year42/48 | €1,316 | €1,502 | €46,440 | €47,880 | €83,358 | €53,743 | €34,043 | ▼ 36.7% |
| Trade debts44 | €77 | €348 | €348 | - | €886 | €2,494 | €3,357 | ▲ 34.6% |
| Suppliers440/4 | - | - | - | - | €886 | €2,494 | €3,357 | ▲ 34.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €250 | €7,946 | €8,168 | ▲ 2.8% |
| Taxes450/3 | - | - | - | - | €250 | €7,946 | €8,168 | ▲ 2.8% |
| Other amounts payable47/48 | - | - | - | €47,880 | €82,222 | €43,303 | €22,518 | ▼ 48.0% |
| Accrued charges and deferred income492/3 | - | - | - | €703 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €888 | €182 | €341 | -€8,144 | -€16,970 | €26,572 | €6,030 | ▼ 77.3% |
| + Depreciation and write-downs630 | - | €609 | €922 | €6,206 | €12,669 | €13,038 | €13,007 | ▼ 0.2% |
| Operating cash flow (approximation) | €888 | €791 | €1,263 | -€1,938 | -€4,301 | €39,611 | €19,037 | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | - | -€51,295 | -€2,066 | -€20,338 | -€1,483 | -€3,196 | ▼ 116% |
| Change in cash | - | €8,868 | -€16,727 | -€2,564 | €7,116 | €632 | €11,031 | ▲ 1,646% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 19-03-2026 | 2026-00057353 |
| 30-09-2024 | abbreviated format | 11-03-2025 | 2025-00045981 |
| 30-09-2023 | abbreviated format | 12-03-2024 | 2024-00042090 |
| 30-09-2022 | abbreviated format | 23-03-2023 | 2023-00043652 |
| 30-09-2021 | abbreviated format | 09-03-2022 | 2022-07400302 |
| 30-09-2020 | abbreviated format | 05-03-2021 | 2021-07000173 |
| 30-09-2019 | abbreviated format | 06-03-2020 | 2020-06400051 |
| 30-09-2018 | abbreviated format | 11-03-2019 | 2019-06900330 |
| 30-09-2017 | abbreviated format | 08-03-2018 | 2018-06600140 |
| 30-09-2016 | abbreviated format | 07-03-2017 | 2017-05900333 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,975. 9,716 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.