B&NK
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388790.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 81% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €7,944 | €2,773 |
| Depreciation and write-downs of the year | €677 | €2,799 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €1,200 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €677 | €2,799 | ▲ 313% |
| Gross operating margin9900 | €22,744 | €6,812 | ▼ 70.0% |
| Operating profit (loss)9901 | €20,867 | €4,013 | ▼ 80.8% |
| Financial income75/76B | - | €10 | - |
| Recurring financial income75 | - | €10 | - |
| Financial charges65/66B | €73 | €110 | ▲ 51.9% |
| Recurring financial charges65 | €73 | €110 | ▲ 51.9% |
| Profit (loss) for the period before taxes9903 | €20,794 | €3,913 | ▼ 81.2% |
| Income taxes67/77 | €4,571 | €1,146 | ▼ 74.9% |
| Profit (loss) for the period9904 | €16,223 | €2,768 | ▼ 82.9% |
| Profit (loss) for the period to be appropriated9905 | €16,223 | €2,768 | ▼ 82.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,420 | €34,179 | ▲ 12.4% |
| Fixed assets21/28 | €7,267 | €7,241 | ▼ 0.4% |
| Tangible fixed assets22/27 | €7,267 | €7,241 | ▼ 0.4% |
| Furniture and vehicles24 | €7,267 | €7,241 | ▼ 0.4% |
| Current assets29/58 | €23,153 | €26,938 | ▲ 16.4% |
| Amounts receivable within one year40/41 | €10,000 | €4,890 | ▼ 51.1% |
| Trade receivables40 | - | €4,890 | - |
| Other amounts receivable41 | €10,000 | - | - |
| Cash at bank and in hand54/58 | €13,153 | €21,989 | ▲ 67.2% |
| Deferred charges and accrued income490/1 | - | €59 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,420 | €34,179 | ▲ 12.4% |
| Equity10/15 | €19,723 | €21,658 | ▲ 9.8% |
| Contributions10/11 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €16,223 | €18,158 | ▲ 11.9% |
| Amounts payable17/49 | €10,697 | €12,521 | ▲ 17.1% |
| Amounts payable within one year42/48 | €10,697 | €12,521 | ▲ 17.1% |
| Trade debts44 | €311 | - | - |
| Suppliers440/4 | €311 | - | - |
| Taxes, remuneration and social security45 | €5,203 | €1,827 | ▼ 64.9% |
| Taxes450/3 | €5,203 | €1,827 | ▼ 64.9% |
| Other amounts payable47/48 | €5,182 | €10,694 | ▲ 106% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €16,223 | €2,768 | ▼ 82.9% |
| + Depreciation and write-downs630 | €677 | €2,799 | ▲ 313% |
| Operating cash flow (approximation) | €16,900 | €5,567 | ▼ 67.1% |
| Investment in fixed assets (approximation) | - | -€2,773 | - |
| Change in cash | - | €8,836 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as B&NK has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B&NK itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for B&NK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.