BACTO
InactiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 8 filings
Turnover
≈ €360,000
Estimated: probably between €220,000 and €680,000
EBIT margin
Not included in this filing
Net result
€96,796▲ 141%
2024 · €40,089
Working capital
€604,398▲ 22.1%
2024 · €495,123
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€132,263
▲ 144%
2025
20182025
Net result
€96,796
▲ 141%
2025
20182025
Equity
€619,844
▲ 18.5%
2025
20182025
Total assets
€771,790
▲ 41.2%
2025
20182025
Debt
€151,946
▲ 543%
2025
20182025
Working capital
€604,398
▲ 22.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€35,211-€61,724▲ 75.3%€221,949▲ 260%€130,677▼ 41.1%€195,020▲ 49.2%€194,188▼ 0.4%€54,144▼ 72.1%€132,263▲ 144%
Net result€23,266-€43,138▲ 85.4%€167,687▲ 289%€97,685▼ 41.7%€144,997▲ 48.4%€143,087▼ 1.3%€40,089▼ 72.0%€96,796▲ 141%
Equity€41,816-€20,955▼ 49.9%€124,642▲ 495%€204,679▲ 64.2%€339,872▲ 66.1%€482,959▲ 42.1%€523,048▲ 8.3%€619,844▲ 18.5%
Total assets€65,401-€180,430▲ 176%€283,619▲ 57.2%€375,578▲ 32.4%€503,606▲ 34.1%€977,244▲ 94.0%€546,695▼ 44.1%€771,790▲ 41.2%
Debt€23,585-€159,476▲ 576%€158,977▼ 0.3%€170,899▲ 7.5%€163,734▼ 4.2%€494,285▲ 202%€23,647▼ 95.2%€151,946▲ 543%
Working capital€39,930-€19,727▼ 50.6%€121,478▲ 516%€203,105▲ 67.2%€305,178▲ 50.3%€447,382▲ 46.6%€495,123▲ 10.7%€604,398▲ 22.1%
The operating result for 2025 is 144% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €771,790
Fixed assets
€15,471 ▼ 44.6%
Current assets
€756,319 ▲ 45.8%
Equity and liabilities €771,790
Equity
€619,844 ▲ 18.5%
Debt
€151,946 ▲ 543%
Debt's share of the balance-sheet total rises from 4.3% to 19.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140,668▲
2024 · €67,123
Cash flow
€105,201▲
2024 · €53,068
Current ratio
4.98▼
2024 · 21.94
Quick ratio
1.94▼
2024 · 5.13
Debt to equity
0.25▲
2024 · 0.05
ROE
15.6%▲
2024 · 7.7%
ROA
12.5%▲
2024 · 7.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€151,922▲
2024 · €23,647
Income taxes
€35,385▲
2024 · €13,524
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 | - | €36,763 | €12,107 | €5,327 | - |
| Financial fixed assets | - | €4,050 | - | - | - |
| Depreciation and write-downs of the year | €1,589 | €6,402 | €11,224 | €12,979 | €8,405 |
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 | €768 | €659 | €1,814 | €1,589 | €6,402 | €11,224 | €12,979 | €8,405 | ▼ 35.2% |
| Other operating charges640/8 | - | - | - | €749 | €733 | €4,320 | €905 | €1,218 | ▲ 34.6% |
| Gross operating margin9900 | €36,728 | €63,276 | €224,437 | €133,016 | €202,155 | €209,732 | €68,027 | €141,886 | ▲ 109% |
| Operating profit (loss)9901 | €35,211 | €61,724 | €221,949 | €130,677 | €195,020 | €194,188 | €54,144 | €132,263 | ▲ 144% |
| Financial income75/76B | - | - | - | €559 | €276 | €44 | €102 | €250 | ▲ 145% |
| Recurring financial income75 | €250 | €258 | €2,206 | €559 | €276 | €44 | €102 | €250 | ▲ 145% |
| Financial charges65/66B | - | - | - | €961 | €577 | €651 | €633 | €332 | ▼ 47.6% |
| Recurring financial charges65 | €351 | €766 | €565 | €961 | €577 | €651 | €633 | €332 | ▼ 47.6% |
| Profit (loss) for the period before taxes9903 | €35,110 | €61,215 | €223,590 | €130,275 | €194,719 | €193,580 | €53,613 | €132,181 | ▲ 147% |
| Income taxes67/77 | €11,843 | €18,077 | €55,903 | €32,590 | €49,722 | €50,493 | €13,524 | €35,385 | ▲ 162% |
| Profit (loss) for the period9904 | €23,266 | €43,138 | €167,687 | €97,685 | €144,997 | €143,087 | €40,089 | €96,796 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €23,266 | €43,138 | €167,687 | €97,685 | €144,997 | €143,087 | €40,089 | €96,796 | ▲ 141% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €65,401 | €180,430 | €283,619 | €375,578 | €503,606 | €977,244 | €546,695 | €771,790 | ▲ 41.2% |
| Formation expenses20 | €1,301 | €962 | €622 | €283 | €0 | - | - | - | - |
| Fixed assets21/28 | €585 | €266 | €2,541 | €1,291 | €34,694 | €35,577 | €27,925 | €15,471 | ▼ 44.6% |
| Tangible fixed assets22/27 | €585 | €266 | €2,541 | €1,291 | €30,644 | €31,527 | €23,875 | €15,471 | ▼ 35.2% |
| Plant, machinery and equipment23 | - | - | - | - | €13,593 | €10,789 | €12,499 | €8,629 | ▼ 31.0% |
| Furniture and vehicles24 | - | - | - | €1,291 | €17,051 | €20,738 | €11,376 | €6,842 | ▼ 39.9% |
| Financial fixed assets28 | - | - | - | - | €4,050 | €4,050 | €4,050 | €0 | ▼ 100% |
| Current assets29/58 | €63,515 | €179,203 | €280,456 | €374,004 | €468,912 | €941,667 | €518,770 | €756,319 | ▲ 45.8% |
| Stocks and contracts in progress3 | €12,567 | €1,275 | €20,276 | €27,782 | €279,233 | €382,706 | €397,532 | €461,197 | ▲ 16.0% |
| Stocks30/36 | - | - | - | €27,782 | €279,233 | €382,706 | €397,532 | €461,197 | ▲ 16.0% |
| Amounts receivable within one year40/41 | €23,998 | €150,798 | €74,289 | €170,167 | €178,709 | €533,757 | €99,550 | €288,235 | ▲ 190% |
| Trade receivables40 | - | - | - | €152,075 | €170,850 | €532,921 | €84,704 | €273,389 | ▲ 223% |
| Other amounts receivable41 | - | - | - | €18,092 | €7,859 | €837 | €14,846 | €14,846 | = |
| Cash at bank and in hand54/58 | €25,787 | €26,209 | €184,982 | €23,031 | €10,736 | €24,840 | €21,317 | €6,515 | ▼ 69.4% |
| Deferred charges and accrued income490/1 | - | - | - | €153,024 | €233 | €363 | €371 | €373 | ▲ 0.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €65,401 | €180,430 | €283,619 | €375,578 | €503,606 | €977,244 | €546,695 | €771,790 | ▲ 41.2% |
| Equity10/15 | €41,816 | €20,955 | €124,642 | €204,679 | €339,872 | €482,959 | €523,048 | €619,844 | ▲ 18.5% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €16,163 | €1,855 | €101,855 | €181,855 | €316,855 | €461,855 | €501,855 | €596,855 | ▲ 18.9% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | €180,000 | €315,000 | €460,000 | €500,000 | €595,000 | ▲ 19.0% |
| Profit (loss) carried forward14 | €7,103 | €550 | €4,237 | €4,274 | €4,467 | €2,554 | €2,643 | €4,439 | ▲ 68.0% |
| Amounts payable17/49 | €23,585 | €159,476 | €158,977 | €170,899 | €163,734 | €494,285 | €23,647 | €151,946 | ▲ 543% |
| Amounts payable within one year42/48 | €23,585 | €159,476 | €158,977 | €170,899 | €163,734 | €494,285 | €23,647 | €151,922 | ▲ 542% |
| Trade debts44 | €11,628 | €23,770 | €18,435 | €14,254 | €21,483 | €57,797 | €17,808 | €100,361 | ▲ 464% |
| Suppliers440/4 | - | - | - | €14,254 | €21,483 | €57,797 | €17,808 | €100,361 | ▲ 464% |
| Advances received on contracts in progress46 | - | - | - | €138,460 | €130,000 | €425,000 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €1,909 | €10,238 | €4,340 | €49,936 | ▲ 12× |
| Taxes450/3 | - | - | - | - | €1,909 | €10,238 | €4,340 | €49,936 | ▲ 12× |
| Other amounts payable47/48 | - | - | - | €18,185 | €10,342 | €1,250 | €1,499 | €1,624 | ▲ 8.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €24 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,266 | €43,138 | €167,687 | €97,685 | €144,997 | €143,087 | €40,089 | €96,796 | ▲ 141% |
| + Depreciation and write-downs630 | €768 | €659 | €1,814 | €1,589 | €6,402 | €11,224 | €12,979 | €8,405 | ▼ 35.2% |
| Operating cash flow (approximation) | €24,035 | €43,797 | €169,501 | €99,274 | €151,399 | €154,311 | €53,068 | €105,201 | ▲ 98.2% |
| Investment in fixed assets (approximation) | - | -€339 | -€4,089 | -€339 | -€39,805 | -€12,107 | -€5,327 | €4,050 | - |
| Change in cash | - | €422 | €158,773 | -€161,951 | -€12,294 | €14,104 | -€3,524 | -€14,802 | ▼ 320% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00309594 | |
| 31-12-2024 | full format | 27-11-2025 | 2025-00571516 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00388791 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00378926 | |
| 31-12-2021 | full format | 30-09-2022 | 2022-20443092 | |
| 31-12-2020 | micro format | 04-08-2021 | 2021-46100381 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-45900368 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53800339 |