BACKman
ActiveSummary
BACKman has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €522,455 and a net result of €76,611. Equity is growing by ~7.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€522,455▼ 20.6%
2023 · €658,275
Total assets
€760,353▼ 22.1%
2023 · €976,417
Net result
€76,611▲ 5.5%
2023 · €72,633
Working capital
€509,805▼ 20.7%
2023 · €643,182
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€278,458▼ 16.2%€175,056▼ 37.1%€63,315▼ 63.8%€94,911▲ 49.9%€93,490▼ 1.5%
Net result€195,432above the sector's middle half▼ 8.4%€130,174above the sector's middle half▼ 33.4%€46,005within the sector's middle half▼ 64.7%€72,633above the sector's middle half▲ 57.9%€76,611above the sector's middle half▲ 5.5%
Equity€731,794above the sector's middle half▲ 32.2%€845,593above the sector's middle half▲ 15.6%€878,429above the sector's middle half▲ 3.9%€658,275above the sector's middle half▼ 25.1%€522,455above the sector's middle half▼ 20.6%
Total assets€817,894above the sector's middle half▼ 3.8%€984,182above the sector's middle half▲ 20.3%€926,511above the sector's middle half▼ 5.9%€976,417above the sector's middle half▲ 5.4%€760,353above the sector's middle half▼ 22.1%
Debt€86,100▼ 71.0%€138,588▲ 61.0%€48,082▼ 65.3%€318,141▲ 562%€237,898▼ 25.2%
Working capital€698,295above the sector's middle half▲ 35.0%€823,708above the sector's middle half▲ 18.0%€859,156above the sector's middle half▲ 4.3%€643,182above the sector's middle half▼ 25.1%€509,805above the sector's middle half▼ 20.7%
Solvency89.5%above the sector's middle half▲ 24.4pp85.9%above the sector's middle half▼ 3.6pp94.8%above the sector's middle half▲ 8.9pp67.4%within the sector's middle half▼ 27.4pp68.7%within the sector's middle half▲ 1.3pp
Current ratio9.12above the sector's middle half▲ 6.346.94above the sector's middle half▼ 2.1718.90above the sector's middle half▲ 11.953.02within the sector's middle half▼ 15.883.14within the sector's middle half▲ 0.12
Return on assets (ROA)23.9%within the sector's middle half▼ 1.2pp13.2%within the sector's middle half▼ 10.7pp5.0%within the sector's middle half▼ 8.3pp7.4%within the sector's middle half▲ 2.5pp10.1%within the sector's middle half▲ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €760,353
Fixed assets
€12,736 ▼ 16.1%
Current assets
€747,617 ▼ 22.2%
Equity and liabilities €760,353
Equity
€522,455 ▼ 20.6%
Debt
€237,898 ▼ 25.2%
Debt's share of the balance-sheet total falls from 32.6% to 31.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€97,200▼
2023 · €99,086
Cash flow
€80,321▲
2023 · €76,809
Debt to equity
0.46▼
2023 · 0.48
ROE
14.7%▲
2023 · 11.0%
Interest coverage
750.35▼
2023 · 968.40
Debt ≤ 1 year
€237,812▼
2023 · €318,058
Income taxes
€32,767▲
2023 · €30,045
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,488 | €11,684 | €6,306 | €4,176 | €3,710 | ▼ 11.2% |
| Other operating charges640/8 | - | €2,528 | €2,655 | €2,374 | €3,164 | ▲ 33.3% |
| Gross operating margin9900 | €292,678 | €189,268 | €72,275 | €101,461 | €100,364 | ▼ 1.1% |
| Operating profit (loss)9901 | €278,458 | €175,056 | €63,315 | €94,911 | €93,490 | ▼ 1.5% |
| Financial income75/76B | - | €15,257 | €3,301 | €7,870 | €16,018 | ▲ 104% |
| Recurring financial income75 | €3,882 | €15,257 | €3,301 | €7,870 | €16,018 | ▲ 104% |
| Financial charges65/66B | - | €361 | €559 | €102 | €130 | ▲ 26.6% |
| Recurring financial charges65 | €157 | €361 | €559 | €102 | €130 | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | €282,183 | €189,952 | €66,057 | €102,678 | €109,379 | ▲ 6.5% |
| Income taxes67/77 | €86,751 | €59,778 | €20,053 | €30,045 | €32,767 | ▲ 9.1% |
| Profit (loss) for the period9904 | €195,432 | €130,174 | €46,005 | €72,633 | €76,611 | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €195,432 | €130,174 | €46,005 | €72,633 | €76,611 | ▲ 5.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €817,894 | €984,182 | €926,511 | €976,417 | €760,353 | ▼ 22.1% |
| Fixed assets21/28 | €33,569 | €21,885 | €19,352 | €15,177 | €12,736 | ▼ 16.1% |
| Tangible fixed assets22/27 | €33,369 | €21,685 | €19,152 | €14,977 | €12,536 | ▼ 16.3% |
| Furniture and vehicles24 | - | €2,764 | €2,810 | €1,214 | €1,352 | ▲ 11.4% |
| Other tangible fixed assets26 | - | €18,921 | €16,342 | €13,763 | €11,184 | ▼ 18.7% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €784,325 | €962,297 | €907,159 | €961,240 | €747,617 | ▼ 22.2% |
| Amounts receivable after more than one year29 | - | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €286,882 | €5,372 | €5,494 | €185,561 | €312,700 | ▲ 68.5% |
| Trade receivables40 | - | - | - | €13,159 | €10,950 | ▼ 16.8% |
| Other amounts receivable41 | - | €5,372 | €5,494 | €172,403 | €301,750 | ▲ 75.0% |
| Cash at bank and in hand54/58 | €245,080 | €693,181 | €649,021 | €523,025 | €431,891 | ▼ 17.4% |
| Deferred charges and accrued income490/1 | - | €13,743 | €2,643 | €2,654 | €3,026 | ▲ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €817,894 | €984,182 | €926,511 | €976,417 | €760,353 | ▼ 22.1% |
| Equity10/15 | €731,794 | €845,593 | €878,429 | €658,275 | €522,455 | ▼ 20.6% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €719,394 | €833,193 | €859,829 | €639,675 | €503,855 | ▼ 21.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €831,333 | €857,969 | €637,815 | €503,855 | ▼ 21.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €86,100 | €138,588 | €48,082 | €318,141 | €237,898 | ▼ 25.2% |
| Amounts payable within one year42/48 | €86,030 | €138,588 | €48,003 | €318,058 | €237,812 | ▼ 25.2% |
| Trade debts44 | €660 | €5,045 | €1,995 | €1,638 | €4,283 | ▲ 162% |
| Suppliers440/4 | - | €5,045 | €1,995 | €1,638 | €4,283 | ▲ 162% |
| Taxes, remuneration and social security45 | - | €38,593 | €14,953 | €23,634 | €21,097 | ▼ 10.7% |
| Taxes450/3 | - | €38,593 | €14,953 | €23,634 | €21,097 | ▼ 10.7% |
| Other amounts payable47/48 | - | €94,951 | €31,055 | €292,787 | €212,432 | ▼ 27.4% |
| Accrued charges and deferred income492/3 | - | - | €79 | €83 | €86 | ▲ 3.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195,432 | €130,174 | €46,005 | €72,633 | €76,611 | ▲ 5.5% |
| + Depreciation and write-downs630 | €11,488 | €11,684 | €6,306 | €4,176 | €3,710 | ▼ 11.2% |
| Operating cash flow (approximation) | €206,920 | €141,858 | €52,310 | €76,809 | €80,321 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | €0 | -€3,773 | €0 | -€1,269 | - |
| Change in cash | - | €448,102 | -€44,160 | -€125,997 | -€91,134 | ▲ 27.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
WILKINSON DEVELOPMENT
BE 0844.690.054
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SIMCO
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PROMACO
BE 0455.143.794
Hasselt · Eq €522,203
HENROO
BE 0845.991.933
Balen · Eq €522,188
BRANICO
BE 0465.102.825
Affligem · Eq €522,175
Of 82,687 companies in this sector we hold annual accounts for 53,299. 34,671 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector