B & S Cleaning
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 8 filings
Turnover
≈ €54,000
Estimated: probably between €23,000 and €110,000
Total assets
€24,735▼ 53.9%
2024 · €53,627
Net result
-€10,000
2024 · €2,994
Working capital
-€16,956▲ 2.7%
2024 · -€17,430
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€9,735
2025
20182025
Net result
-€10,000
2025
lowest quarter of the sector
20182025
Equity
€847
▼ 92.2%
2025
lowest quarter of the sector
20182025
Total assets
€24,735
▼ 53.9%
2025
lowest quarter of the sector
20182025
Debt
€23,888
▼ 44.2%
2025
20182025
Working capital
-€16,956
▲ 2.7%
2025
lowest quarter of the sector
20182025
Solvency
3.4%
▼ 16.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.29
▼ 0.28
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-40.4%
▼ 46.0pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,279-€1,299▼ 60.4%€6,752▲ 420%€18,506▲ 174%-€10,673-€4,937▲ 53.7%€3,926-€9,735
Net result€2,207-€570▼ 74.2%€4,607within the sector's middle half▲ 709%€12,928within the sector's middle half▲ 181%-€12,785below the sector's middle half-€5,874below the sector's middle half▲ 54.1%€2,994within the sector's middle half-€10,000below the sector's middle half
Equity€8,407-€8,977▲ 6.8%€13,584below the sector's middle half▲ 51.3%€26,512within the sector's middle half▲ 95.2%€13,728below the sector's middle half▼ 48.2%€7,853below the sector's middle half▼ 42.8%€10,847below the sector's middle half▲ 38.1%€847below the sector's middle half▼ 92.2%
Total assets€29,288-€24,799▼ 15.3%€42,543below the sector's middle half▲ 71.6%€68,328within the sector's middle half▲ 60.6%€72,525within the sector's middle half▲ 6.1%€50,694below the sector's middle half▼ 30.1%€53,627below the sector's middle half▲ 5.8%€24,735below the sector's middle half▼ 53.9%
Debt€20,881-€15,822▼ 24.2%€28,958▲ 83.0%€41,815▲ 44.4%€58,797▲ 40.6%€42,840▼ 27.1%€42,780▼ 0.1%€23,888▼ 44.2%
Working capital€8,735-€11,066▲ 26.7%€14,336within the sector's middle half▲ 29.6%€20,781within the sector's middle half▲ 44.9%-€33,796below the sector's middle half-€29,618below the sector's middle half▲ 12.4%-€17,430below the sector's middle half▲ 41.2%-€16,956below the sector's middle half▲ 2.7%
Solvency28.7%-36.2%▲ 7.5pp31.9%within the sector's middle half▼ 4.3pp38.8%within the sector's middle half▲ 6.9pp18.9%within the sector's middle half▼ 19.9pp15.5%below the sector's middle half▼ 3.4pp20.2%within the sector's middle half▲ 4.7pp3.4%below the sector's middle half▼ 16.8pp
Current ratio2.05-2.72▲ 0.672.15within the sector's middle half▼ 0.571.61within the sector's middle half▼ 0.540.37below the sector's middle half▼ 1.240.27below the sector's middle half▼ 0.100.57below the sector's middle half▲ 0.300.29below the sector's middle half▼ 0.28
Return on assets (ROA)7.5%-2.3%▼ 5.2pp10.8%within the sector's middle half▲ 8.5pp18.9%above the sector's middle half▲ 8.1pp-17.6%below the sector's middle half▼ 36.5pp-11.6%below the sector's middle half▲ 6.0pp5.6%within the sector's middle half▲ 17.2pp-40.4%below the sector's middle half▼ 46.0pp
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €9,735, after a profit of €3,926 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,735
Fixed assets
€17,803 ▼ 41.4%
Current assets
€6,932 ▼ 70.2%
Equity and liabilities €24,735
Equity
€847 ▼ 92.2%
Debt
€23,888 ▼ 44.2%
Debt's share of the balance-sheet total rises from 79.8% to 96.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,460▼
2024 · €13,479
Cash flow
-€3,725▼
2024 · €12,547
Interest coverage
-13.05▼
2024 · 16.93
Debt ≤ 1 year
€23,888▼
2024 · €40,664
Debt > 1 year
€0▼
2024 · €2,116
Income taxes
€0▼
2024 · €136
The equity ratios are withheld because equity of €847 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,198 | €45,084 | - | €12,767 | €10,676 |
| Depreciation and write-downs of the year | €5,548 | €6,036 | €12,838 | €9,553 | €6,275 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,644 | €4,951 | €5,250 | €5,548 | €6,036 | €12,838 | €9,553 | €6,275 | ▼ 34.3% |
| Other operating charges640/8 | - | - | - | €905 | €1,059 | €1,283 | €1,758 | €10,101 | ▲ 475% |
| Gross operating margin9900 | €14,910 | €8,003 | €13,688 | €24,959 | -€3,577 | €9,184 | €15,238 | €6,641 | ▼ 56.4% |
| Operating profit (loss)9901 | €3,279 | €1,299 | €6,752 | €18,506 | -€10,673 | -€4,937 | €3,926 | -€9,735 | - |
| Financial income75/76B | - | - | - | €26 | €4 | €0 | - | €0 | - |
| Recurring financial income75 | €5 | €7 | €39 | €26 | €4 | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €1,292 | €1,997 | €806 | €796 | €265 | ▼ 66.7% |
| Recurring financial charges65 | €500 | €357 | €485 | €1,292 | €1,997 | €806 | €796 | €265 | ▼ 66.7% |
| Profit (loss) for the period before taxes9903 | €2,784 | €949 | €6,306 | €17,241 | -€12,665 | -€5,743 | €3,130 | -€10,000 | - |
| Income taxes67/77 | €576 | €379 | €1,698 | €4,313 | €120 | €132 | €136 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2,207 | €570 | €4,607 | €12,928 | -€12,785 | -€5,874 | €2,994 | -€10,000 | - |
| Profit (loss) for the period to be appropriated9905 | €2,207 | €570 | €4,607 | €12,928 | -€12,785 | -€5,874 | €2,994 | -€10,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €29,288 | €24,799 | €42,543 | €68,328 | €72,525 | €50,694 | €53,627 | €24,735 | ▼ 53.9% |
| Fixed assets21/28 | €12,255 | €7,305 | €15,727 | €13,377 | €52,425 | €39,587 | €30,393 | €17,803 | ▼ 41.4% |
| Tangible fixed assets22/27 | €12,255 | €7,305 | €15,727 | €13,377 | €52,425 | €39,587 | €30,393 | €17,803 | ▼ 41.4% |
| Plant, machinery and equipment23 | - | - | - | €3,067 | €41,690 | €32,704 | €30,393 | €11,743 | ▼ 61.4% |
| Furniture and vehicles24 | - | - | - | - | €3,160 | €2,042 | - | €6,060 | - |
| Leasing and similar rights25 | - | - | - | €10,310 | €7,576 | €4,841 | - | - | - |
| Current assets29/58 | €17,032 | €17,494 | €26,816 | €54,951 | €20,100 | €11,107 | €23,234 | €6,932 | ▼ 70.2% |
| Amounts receivable within one year40/41 | €6,287 | €4,863 | €9,854 | €16,297 | €13,878 | €5,098 | €20,784 | €1,621 | ▼ 92.2% |
| Trade receivables40 | - | - | - | €15,993 | €13,878 | €4,948 | €20,558 | €1,128 | ▼ 94.5% |
| Other amounts receivable41 | - | - | - | €304 | - | €150 | €226 | €493 | ▲ 118% |
| Cash at bank and in hand54/58 | €10,340 | €12,338 | €16,962 | €37,962 | €6,221 | €6,009 | €2,450 | €4,840 | ▲ 97.5% |
| Deferred charges and accrued income490/1 | - | - | - | €692 | - | - | - | €471 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €29,288 | €24,799 | €42,543 | €68,328 | €72,525 | €50,694 | €53,627 | €24,735 | ▼ 53.9% |
| Equity10/15 | €8,407 | €8,977 | €13,584 | €26,512 | €13,728 | €7,853 | €10,847 | €847 | ▼ 92.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2,207 | €2,777 | €3,360 | €13,360 | €7,528 | €1,653 | €1,653 | €1,653 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €11,500 | €7,528 | €1,653 | €1,653 | €1,653 | = |
| Profit (loss) carried forward14 | - | - | €4,024 | €6,952 | - | - | €2,994 | -€7,006 | - |
| Amounts payable17/49 | €20,881 | €15,822 | €28,958 | €41,815 | €58,797 | €42,840 | €42,780 | €23,888 | ▼ 44.2% |
| Amounts payable after more than one year17 | €12,583 | €9,394 | €16,479 | €7,645 | €4,901 | €2,116 | €2,116 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €7,645 | €4,901 | €2,116 | €2,116 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €8,297 | €6,428 | €12,480 | €34,170 | €53,896 | €40,724 | €40,664 | €23,888 | ▼ 41.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,833 | €2,744 | €2,785 | - | - | - |
| Trade debts44 | €2,656 | €1,035 | €571 | €5,177 | €18,773 | €5,799 | €12,630 | €3,205 | ▼ 74.6% |
| Suppliers440/4 | - | - | - | €5,177 | €18,773 | €5,799 | €12,630 | €3,205 | ▼ 74.6% |
| Taxes, remuneration and social security45 | - | - | - | €11,459 | €12,691 | €10,725 | €5,625 | €136 | ▼ 97.6% |
| Taxes450/3 | - | - | - | €8,959 | €8,541 | €4,425 | €1,475 | €136 | ▼ 90.7% |
| Remuneration and social security454/9 | - | - | - | €2,500 | €4,150 | €6,300 | €4,150 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €8,701 | €19,688 | €21,415 | €22,409 | €20,547 | ▼ 8.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,207 | €570 | €4,607 | €12,928 | -€12,785 | -€5,874 | €2,994 | -€10,000 | - |
| + Depreciation and write-downs630 | €10,644 | €4,951 | €5,250 | €5,548 | €6,036 | €12,838 | €9,553 | €6,275 | ▼ 34.3% |
| Operating cash flow (approximation) | €12,851 | €5,520 | €9,857 | €18,476 | -€6,748 | €6,964 | €12,547 | -€3,725 | - |
| Investment in fixed assets (approximation) | - | €0 | -€13,672 | -€3,198 | -€45,084 | €0 | -€359 | €6,315 | - |
| Change in cash | - | €1,998 | €4,624 | €21,000 | -€31,741 | -€212 | -€3,559 | €2,390 | - |
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, 646 companies had the same profile as B & S Cleaning has now. Two years later, 86.1% were still going and 7.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
86.1%
was still going
5.7%
stopped otherwise
7.3%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B & S Cleaning 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 646 companies, not a prediction for B & S Cleaning. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00297690 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00170589 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00385125 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00163670 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20082264 | |
| 31-12-2020 | micro format | 07-06-2021 | 2021-17700076 | |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27600184 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54400219 |