BACHA4
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €191, smaller than the loss of €23,222 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.
Overdue debts
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Overdue tax debts | - | - | €2,547 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,763 | €1,269 | - |
| Intangible fixed assets | - | €10,000 | - |
| Depreciation and write-downs of the year | €70 | €2,455 | €2,606 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70 | €2,455 | €2,606 | ▲ 6.2% |
| Other operating charges640/8 | €774 | €710 | - | - |
| Gross operating margin9900 | €47,913 | -€20,056 | €2,415 | - |
| Operating profit (loss)9901 | €47,070 | -€23,222 | -€191 | ▲ 99.2% |
| Financial charges65/66B | €1,198 | €1,751 | €1,542 | ▼ 12.0% |
| Recurring financial charges65 | €1,198 | €1,751 | €1,542 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €45,872 | -€24,973 | -€1,733 | ▲ 93.1% |
| Income taxes67/77 | €9,762 | - | €158 | - |
| Profit (loss) for the period9904 | €36,110 | -€24,973 | -€1,891 | ▲ 92.4% |
| Profit (loss) for the period to be appropriated9905 | €36,110 | -€24,973 | -€1,891 | ▲ 92.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €59,969 | €17,923 | €18,926 | ▲ 5.6% |
| Fixed assets21/28 | €1,693 | €10,507 | €7,901 | ▼ 24.8% |
| Intangible fixed assets21 | - | €8,077 | €6,077 | ▼ 24.8% |
| Tangible fixed assets22/27 | €1,693 | €2,431 | €1,824 | ▼ 24.9% |
| Plant, machinery and equipment23 | - | €1,090 | €836 | ▼ 23.3% |
| Furniture and vehicles24 | €1,693 | €1,341 | €988 | ▼ 26.3% |
| Current assets29/58 | €58,276 | €7,416 | €11,025 | ▲ 48.7% |
| Amounts receivable within one year40/41 | €30,822 | €4,482 | €8,190 | ▲ 82.7% |
| Trade receivables40 | €30,822 | €4,482 | €8,190 | ▲ 82.7% |
| Cash at bank and in hand54/58 | €25,583 | €2,629 | €2,553 | ▼ 2.9% |
| Deferred charges and accrued income490/1 | €1,871 | €306 | €283 | ▼ 7.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €59,969 | €17,923 | €18,926 | ▲ 5.6% |
| Equity10/15 | €37,110 | €12,137 | €10,247 | ▼ 15.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €36,110 | €11,137 | €9,247 | ▼ 17.0% |
| Amounts payable17/49 | €22,859 | €5,786 | €8,679 | ▲ 50.0% |
| Amounts payable within one year42/48 | €22,045 | €5,345 | €8,679 | ▲ 62.4% |
| Trade debts44 | €4,526 | €1,527 | €3,977 | ▲ 160% |
| Suppliers440/4 | €4,526 | €1,527 | €3,977 | ▲ 160% |
| Taxes, remuneration and social security45 | €14,224 | €1,596 | €2,547 | ▲ 59.5% |
| Taxes450/3 | €11,724 | €1,596 | €2,547 | ▲ 59.5% |
| Remuneration and social security454/9 | €2,500 | - | - | - |
| Other amounts payable47/48 | €3,294 | €2,221 | €2,156 | ▼ 2.9% |
| Accrued charges and deferred income492/3 | €814 | €441 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,110 | -€24,973 | -€1,891 | ▲ 92.4% |
| + Depreciation and write-downs630 | €70 | €2,455 | €2,606 | ▲ 6.2% |
| Operating cash flow (approximation) | €36,180 | -€22,518 | €716 | - |
| Investment in fixed assets (approximation) | - | -€11,269 | €0 | - |
| Change in cash | - | -€22,954 | -€76 | ▲ 99.7% |
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, 2,145 companies had the same profile as BACHA4 has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BACHA4 itself: 0.8% 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 2,145 companies, not a prediction for BACHA4. 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.