BA-Bap
Annual accounts 2025
micro format, filed on 11-03-2026, 50 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €93,000 and €280,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €157,667 on 30-09-2025in euro
in euro
Position in the sector
52.8%
Higher than 48% of 2,302 companies in 2025.
1.57
Higher than 38% of 2,199 companies in 2025.
9.5%
Higher than 41% of 2,233 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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
157,667 | 201,406 | 226,045 | 181,862 | 201,620 | 181,329 | 196,055 | 134,411 | 157,554 | 161,130 | 175,029 | 181,528 | 174,966 | 91,053 | 60,283 | |
21/28 |
41,068 | 53,306 | 37,979 | 8,645 | 10,890 | 10,467 | 19,380 | 29,394 | 38,610 | 33,271 | 3,450 | 2,363 | 1,397 | 2,470 | 2,991 | |
22/27 |
41,068 | 53,306 | 37,979 | 8,645 | 10,890 | 10,467 | 19,380 | 29,394 | 38,610 | 33,271 | 3,450 | 2,363 | 1,397 | 2,470 | 2,991 | |
22 |
- | - | - | - | - | - | - | 422 | - | - | - | - | - | - | - | |
23 |
- | - | - | - | 221 | 442 | 663 | 884 | 845 | 1,267 | 1,831 | - | - | - | - | |
24 |
36,904 | 47,243 | 3,744 | 389 | 534 | 680 | 7,739 | 15,477 | 23,522 | 30,954 | 419 | 2,363 | 1,397 | 2,470 | 2,991 | |
25 |
- | 0 | 26,272 | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
4,164 | 6,063 | 7,963 | 8,257 | 10,134 | 9,346 | 10,978 | 12,611 | 14,243 | 1,050 | 1,200 | - | - | - | - | |
29/58 |
116,599 | 148,100 | 188,066 | 173,216 | 190,731 | 170,861 | 176,676 | 105,017 | 118,944 | 127,858 | 171,579 | 179,166 | 173,569 | 88,583 | 57,292 | |
40/41 |
16,565 | 32,227 | 25,275 | 25,263 | 21,002 | 27,489 | 36,545 | 50,235 | 21,615 | 68,508 | 120,128 | 63,256 | 82,995 | 3,497 | 28,787 | |
40 |
16,565 | 31,517 | 21,664 | 17,302 | 16,123 | 27,489 | 34,139 | 42,432 | 21,615 | 68,508 | 92,493 | 63,256 | 82,995 | 3,497 | 28,787 | |
41 |
0 | 710 | 3,611 | 7,961 | 4,879 | - | 2,406 | 7,803 | - | - | 27,635 | - | - | - | - | |
50/53 |
- | - | - | - | - | - | - | - | 56,000 | - | - | - | - | - | - | |
54/58 |
97,600 | 113,731 | 162,653 | 146,970 | 168,228 | 142,142 | 138,400 | 53,579 | 40,167 | 58,065 | 51,451 | 114,649 | 90,374 | 85,086 | 28,504 | |
490/1 |
2,434 | 2,142 | 138 | 983 | 1,500 | 1,230 | 1,731 | 1,202 | 1,162 | 1,286 | - | 1,261 | 200 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
157,667 | 201,406 | 226,045 | 181,862 | 201,620 | 181,329 | 196,055 | 134,411 | 157,554 | 161,130 | 175,029 | 181,528 | 174,966 | 91,053 | 60,283 | |
10/15 |
83,261 | 134,735 | 158,407 | 158,850 | 187,712 | 150,854 | 146,082 | 102,522 | 86,690 | 75,869 | 55,287 | 23,026 | 16,671 | 60,084 | 11,573 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,250 | 6,250 | 6,250 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | 12,350 | 12,350 | 12,350 | |
11 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | |
13 |
60,660 | 112,160 | 135,860 | 136,360 | 165,360 | 129,360 | 124,860 | 81,860 | 66,860 | 56,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | 65,000 | 55,000 | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | - | 65,000 | 55,000 | - | - | - | - | - | |
133 |
60,660 | 112,160 | 134,000 | 134,500 | 163,500 | 127,500 | 123,000 | 80,000 | - | - | - | - | - | - | - | |
14 |
4,001 | 3,975 | 3,947 | 3,890 | 3,752 | 2,894 | 2,622 | 2,062 | 1,230 | 409 | 34,827 | 2,566 | 8,561 | 51,974 | 3,463 | |
17/49 |
74,406 | 66,671 | 67,637 | 23,012 | 13,909 | 30,475 | 49,974 | 31,889 | 70,865 | 85,260 | 119,743 | 158,503 | 158,294 | 30,969 | 48,710 | |
17 |
- | 0 | 14,230 | - | - | - | 6,460 | 13,041 | 19,702 | 26,267 | - | - | - | - | - | |
170/4 |
- | 0 | 14,230 | - | - | - | 6,460 | 13,041 | 19,702 | 26,267 | - | - | - | - | - | |
42/48 |
74,406 | 64,654 | 50,506 | 7,105 | 12,674 | 22,126 | 25,149 | 18,848 | 50,663 | 58,993 | 119,743 | 158,503 | 158,294 | 30,969 | 46,910 | |
42 |
- | 0 | 6,397 | - | - | 6,460 | 6,580 | 6,661 | 6,566 | 6,471 | - | - | - | - | - | |
44 |
1,498 | 17,429 | 6,465 | 615 | 964 | 2,186 | 6,496 | 5,150 | 2,352 | 17,380 | 60,562 | 367 | 32,879 | 3,078 | 6,890 | |
440/4 |
1,498 | 17,429 | 6,465 | 615 | 964 | 2,186 | 6,496 | 5,150 | 2,352 | 17,380 | 60,562 | 367 | 32,879 | 3,078 | 6,890 | |
45 |
4,649 | 3,736 | 22,644 | 4,458 | 3,352 | 11,654 | 12,073 | 5,489 | 31,681 | 27,371 | 39,180 | 76,562 | 75,729 | 24,071 | 13,896 | |
450/3 |
2,248 | 3,736 | 20,252 | 2,168 | 1,062 | 11,654 | 12,073 | 3,199 | 29,391 | 27,371 | 37,669 | 76,562 | 75,729 | 19,371 | 11,606 | |
454/9 |
2,400 | 0 | 2,392 | 2,290 | 2,290 | - | - | 2,290 | 2,290 | - | 1,511 | - | - | 4,700 | 2,290 | |
47/48 |
68,259 | 43,489 | 15,000 | 2,032 | 8,358 | 1,825 | - | 1,547 | 10,064 | 7,770 | 20,000 | 81,573 | 49,686 | 3,821 | 26,125 | |
492/3 |
0 | 2,018 | 2,901 | 15,906 | 1,234 | 8,349 | 18,364 | - | 500 | - | - | - | - | - | 1,800 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 474,137 | 465,094 | 315,819 | 154,735 | 130,190 | |
76A |
- | - | - | - | - | - | - | 66 | - | 1,340 | - | - | 89 | - | - | |
9900 |
38,405 | 46,472 | 50,986 | 41,293 | 54,737 | 18,890 | 77,112 | 104,293 | 43,743 | 61,824 | 96,179 | 168,431 | 142,785 | 73,683 | 58,582 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 386,229 | 302,814 | 180,622 | 87,656 | 73,237 | |
630 |
13,688 | 8,073 | 10,056 | 2,244 | 2,030 | 9,640 | 10,015 | 10,321 | 10,100 | 8,453 | 1,025 | 1,148 | 1,470 | 1,338 | 2,016 | |
640/8 |
1,409 | 1,316 | 2,627 | 963 | 840 | 437 | 705 | 627 | 480 | 858 | 408 | 503 | 51 | 45 | - | |
66A |
0 | 9,143 | - | - | - | - | - | 62,000 | - | - | - | 99 | - | - | - | |
9901 |
23,308 | 27,940 | 38,303 | 38,086 | 51,867 | 8,812 | 66,392 | 31,345 | 33,164 | 52,514 | 94,746 | 166,781 | 141,263 | 72,300 | 56,566 | |
75/76B |
446 | 410 | 84 | - | 133 | - | 37 | 6 | 0 | 1,358 | 68 | 144 | 51 | 20 | 20 | |
75 |
446 | 410 | 84 | - | 133 | - | 37 | 6 | 0 | 18 | 68 | 144 | 51 | 20 | 20 | |
76B |
- | - | - | - | - | - | - | - | - | 1,340 | - | - | - | - | - | |
65/66B |
127 | 610 | 1,240 | 141 | 94 | 407 | 406 | 629 | 594 | 320 | 519 | 201 | 138 | 265 | 80 | |
65 |
127 | 610 | 1,240 | 141 | 94 | 407 | 406 | 629 | 594 | 320 | 519 | 201 | 138 | 265 | 80 | |
9903 |
23,628 | 27,740 | 37,146 | 37,945 | 51,906 | 8,405 | 66,022 | 30,722 | 32,570 | 53,553 | 94,295 | 166,625 | 141,265 | 72,055 | 56,506 | |
67/77 |
8,602 | 8,412 | 12,589 | 11,806 | 15,048 | 3,633 | 22,463 | 14,890 | 11,749 | 23,170 | 34,637 | 57,621 | 50,412 | 23,544 | 21,183 | |
9904 |
15,026 | 19,328 | 24,557 | 26,138 | 36,858 | 4,772 | 43,560 | 15,832 | 20,820 | 30,383 | 59,658 | 109,004 | 90,854 | 48,511 | 35,323 | |
9905 |
15,026 | 19,328 | 24,557 | 26,138 | 36,858 | 4,772 | 43,560 | 15,832 | 20,820 | 30,383 | 59,658 | 109,004 | 90,854 | 48,511 | 35,323 | |
| Appropriation of the result | ||||||||||||||||
9906 |
19,001 | 23,275 | 28,447 | 29,890 | 39,752 | 7,394 | 45,622 | 17,062 | 21,230 | 65,209 | 62,224 | 117,566 | 142,828 | 51,974 | 35,323 | |
14P |
3,975 | 3,947 | 3,890 | 3,752 | 2,894 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
66,500 | 43,000 | 25,000 | 55,000 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
15,000 | 19,300 | 24,500 | 26,000 | 36,000 | 4,500 | 43,000 | 15,000 | 10,000 | 55,000 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
15,000 | 19,300 | 24,500 | 26,000 | 36,000 | 4,500 | 43,000 | 15,000 | 10,000 | 55,000 | - | - | - | - | - | |
694/7 |
66,500 | 43,000 | 25,000 | 55,000 | - | - | - | - | 10,000 | 9,800 | 27,397 | 115,000 | 134,267 | - | 30,000 | |
694 |
66,500 | 43,000 | 25,000 | 55,000 | - | - | - | - | 10,000 | 9,800 | 27,397 | 115,000 | 134,267 | - | 30,000 | |
| Document | ||||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 11-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 11-03-2026 | 2026-00052130 | |
| 30-09-2024 | micro format | 31-03-2025 | 2025-00058446 | |
| 30-09-2023 | micro format | 23-04-2024 | 2024-00066900 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00070412 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20013492 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-11900353 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10700333 | |
| 30-09-2018 | micro format | 26-04-2019 | 2019-11000399 | |
| 30-09-2017 | micro format | 09-04-2018 | 2018-09700137 | |
| 30-09-2016 | full format | 02-05-2017 | 2017-11000029 | |
| 30-09-2015 | full format | 28-04-2016 | 2016-11000545 | |
| 30-09-2014 | full format | 28-05-2015 | 2015-14600044 | |
| 30-09-2013 | full format | 31-03-2014 | 2014-08000518 | |
| 30-09-2012 | full format | 12-04-2013 | 2013-08800506 | |
| 30-09-2011 | full format | 29-03-2012 | 2012-07500305 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36,996 | 36,013 | 48,359 | 40,330 | 53,897 | 18,452 | 76,406 | 41,666 | 43,264 | 60,967 | 95,771 | 167,929 | 142,734 | 73,638 | 58,582 | ||
| 28,713 | 27,400 | 34,613 | 28,383 | 38,888 | 14,412 | 53,574 | 26,153 | 30,920 | 38,835 | 60,683 | 110,152 | 92,324 | 49,849 | 37,339 | ||
| 1,449 | 49,673 | 39,390 | 0 | 2,452 | 728 | 0 | 1,105 | 15,439 | 48,574 | 2,112 | 2,379 | 397 | 817 | 5,007 | ||
| -16,131 | -48,922 | 15,682 | -21,258 | 26,087 | 3,742 | 84,821 | 13,412 | -17,898 | 6,614 | -63,198 | 24,275 | 5,288 | 56,581 | - | ||
| 42,193 | 83,446 | 137,559 | 166,111 | 178,057 | 148,735 | 151,526 | 86,168 | 68,282 | 68,866 | 51,837 | 20,663 | 15,275 | 57,614 | 10,382 | ||
| - | - | - | - | - | - | - | - | - | - | 20.0% | 35.9% | 44.7% | 46.7% | 43.4% | ||
| 52.8% | 66.9% | 70.1% | 87.3% | 93.1% | 83.2% | 74.5% | 76.3% | 55.0% | 47.1% | 31.6% | 12.7% | 9.5% | 66.0% | 19.2% | ||
| 1.57 | 2.29 | 3.72 | 24.38 | 15.05 | 7.72 | 7.03 | 5.57 | 2.35 | 2.17 | 1.43 | 1.13 | 1.10 | 2.86 | 1.22 | ||
| 0.89 | 0.49 | 0.43 | 0.14 | 0.07 | 0.20 | 0.34 | 0.31 | 0.82 | 1.12 | 2.17 | 6.88 | 9.49 | 0.52 | 4.21 | ||
| 18.0% | 14.3% | 15.5% | 16.5% | 19.6% | 3.2% | 29.8% | 15.4% | 24.0% | 40.0% | 107.9% | 473.4% | 545.0% | 80.7% | 305.2% | ||
| 9.5% | 9.6% | 10.9% | 14.4% | 18.3% | 2.6% | 22.2% | 11.8% | 13.2% | 18.9% | 34.1% | 60.0% | 51.9% | 53.3% | 58.6% | ||
| over 100 | 59.05 | 39.01 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 71 days | 50 days | 96 days | 8 days | 81 days | ||
| - | - | - | - | - | - | - | - | - | - | 57 days | 0 days | 66 days | 13 days | 34 days |
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.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,449 | €49,673 | €39,390 | - | €2,452 |
| €13,688 | €8,073 | €10,056 | €2,244 | €2,030 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BA-Bap
The operating result for 2025 is 17% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 33.1% to 47.2%. Equity is lower and debt is higher.