B4W
Annual accounts 2025
micro format, filed on 24-08-2026, 24 days lateBalance sheet
balance sheet total €761,827 on 31-12-2025in euro
in euro
Position in the sector
11.3%
Higher than 32% of 19,813 companies in 2025.
1.54
Higher than 60% of 18,987 companies in 2025.
3.3%
Higher than 60% of 19,456 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
761,827 | 774,740 | 777,198 | |
21/28 |
694,934 | 716,209 | 724,802 | |
22/27 |
694,934 | 716,209 | 724,802 | |
22 |
694,272 | 715,446 | 723,940 | |
23 |
- | - | 0 | |
24 |
662 | 762 | 862 | |
29/58 |
66,892 | 58,531 | 52,396 | |
40/41 |
64,366 | 49,561 | 39,731 | |
40 |
54,708 | 39,717 | 29,708 | |
41 |
9,658 | 9,844 | 10,023 | |
54/58 |
1,458 | 8,181 | 11,896 | |
490/1 |
1,068 | 789 | 769 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
761,827 | 774,740 | 777,198 | |
10/15 |
86,006 | 60,807 | 34,505 | |
10/11 |
80,000 | 80,000 | 80,000 | |
14 |
6,006 | -19,193 | -45,495 | |
17/49 |
675,821 | 713,933 | 742,693 | |
17 |
631,593 | 669,251 | 705,935 | |
170/4 |
631,593 | 669,251 | 705,935 | |
42/48 |
43,505 | 43,978 | 36,758 | |
42 |
37,658 | 36,683 | 35,681 | |
44 |
5,782 | 7,276 | 1,077 | |
440/4 |
5,782 | 7,276 | 1,077 | |
45 |
58 | 19 | 0 | |
450/3 |
58 | 19 | 0 | |
47/48 |
7 | 0 | 0 | |
492/3 |
723 | 703 | - | |
| Income statement | ||||
70 |
0 | 0 | - | |
9900 |
71,483 | 72,578 | 83,872 | |
60/61 |
0 | 0 | - | |
630 |
21,274 | 20,349 | 95,239 | |
640/8 |
7,121 | 6,885 | 8,762 | |
9901 |
43,087 | 45,345 | -20,129 | |
75/76B |
41 | - | 449 | |
75 |
41 | - | 449 | |
65/66B |
17,930 | 19,043 | 25,816 | |
65 |
17,930 | 19,043 | 25,816 | |
9903 |
25,199 | 26,302 | -45,495 | |
9904 |
25,199 | 26,302 | -45,495 | |
9905 |
25,199 | 26,302 | -45,495 | |
| Appropriation of the result | ||||
9906 |
6,006 | -19,193 | -45,495 | |
14P |
-19,193 | -45,495 | - | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425100.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 64,362 | 65,694 | 75,110 | ||
| 46,473 | 46,651 | 49,744 | ||
| 0 | 11,755 | 820,042 | ||
| -6,723 | -3,715 | - | ||
| 23,388 | 14,553 | 15,637 | ||
| 11.3% | 7.8% | 4.4% | ||
| 1.54 | 1.33 | 1.43 | ||
| 7.86 | 11.74 | 21.52 | ||
| 29.3% | 43.3% | -131.9% | ||
| 3.3% | 3.4% | -5.9% | ||
| 3.59 | 3.45 | 2.91 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Mortgages, amount registered | €285,000 | €285,000 | €285,000 |
| Carrying value of the mortgaged assets | €694,272 | €715,446 | €723,940 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €0 | €11,755 | €820,042 |
| €21,274 | €20,349 | €95,239 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on B4W
The operating result for 2025 is 5% lower than in 2024.
Debt's share of the balance-sheet total falls from 92.2% to 88.7%. Equity is higher and debt is lower.