BADABING (0476.041.950): financials and annual accounts

BADABING

Antwerp ·KBO/BCE: BE 0476.041.950

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	118,626	122,820	143,826	285,837	280,282	329,949	379,403	331,319	342,661	329,753	341,238	329,051	263,496	193,629	139,790	122,445	135,650	108,833	69,099	83,291
Fixed assets`21/28`	27,601	29,540	31,479	988	1,976	2,965	14,344	62,656	69,863	84,299	1,339	3,332	8,890	15,673	19,520	20,269	21,489	195	3,481	6,938
Tangible fixed assets`22/27`	27,601	29,540	31,479	988	1,976	2,965	14,344	62,656	69,863	84,299	1,339	3,332	8,890	15,673	19,520	20,269	21,489	195	3,481	6,938
Land and buildings`22`	27,419	28,619	29,819	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	182	921	1,660	-	-	-	1,944	3,888	1,639	2,267	1,176	3,007	4,927	5,206	3,362	5,529	3,809	-	2,044	4,259
Furniture and vehicles`24`	-	-	-	988	1,976	2,965	12,400	16,894	25,340	33,787	163	326	3,963	10,467	16,158	14,740	17,680	195	637	1,079
Other tangible fixed assets`26`	-	-	-	-	-	-	-	41,874	42,884	48,244	-	-	-	-	-	-	-	-	800	1,600
Current assets`29/58`	91,025	93,280	112,347	284,848	278,306	326,985	365,060	268,663	272,797	245,454	339,898	325,719	254,606	177,955	120,270	102,177	114,161	108,638	65,618	76,353
Amounts receivable after more than one year`29`	9,000	9,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	9,000	9,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	14,500	15,938	40,591	30,977	3,228	19,720	42,950	25,713	19,485	15,730	-	30,250	45,375	54,087	38,958	46,288	42,648	60,836	21,001	44,356
Trade receivables`40`	8,000	9,438	29,429	23,693	3,224	19,578	42,950	25,713	15,125	15,730	-	30,250	45,375	54,087	38,958	46,288	42,629	60,803	20,987	44,328
Other amounts receivable`41`	6,500	6,500	11,162	7,284	5	142	-	-	4,360	-	-	-	-	-	-	-	20	33	14	28
Current investments`50/53`	-	-	3,855	135,229	129,824	124,341	113,366	110,785	110,785	83,797	29,366	20,200	20,200	20,200	20,200	20,200	-	-	-	-
Cash at bank and in hand`54/58`	66,766	67,658	57,450	107,831	142,996	181,513	200,964	132,165	142,528	145,928	309,582	274,319	188,081	102,718	60,162	34,739	70,563	46,932	43,748	31,127
Deferred charges and accrued income`490/1`	759	684	1,451	1,812	2,258	1,410	7,780	-	-	-	950	950	950	950	950	950	950	870	870	870
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	118,626	122,820	143,826	285,837	280,282	329,949	379,403	331,319	342,661	329,753	341,238	329,051	263,496	193,629	139,790	122,445	135,650	108,833	69,099	83,291
Equity`10/15`	86,000	92,587	116,847	110,375	114,352	151,457	207,041	189,482	203,456	193,889	206,430	170,935	122,636	85,883	58,848	55,670	66,759	54,171	26,165	34,792
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	73,600	80,187	104,447	97,975	101,952	139,057	194,641	177,082	189,860	181,489	193,860	158,360	109,360	73,360	46,360	43,270	53,360	41,360	13,360	22,360
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	73,600	80,187	104,447	96,115	100,092	137,197	192,781	175,222	188,000	179,629	192,000	156,500	107,500	71,500	44,500	41,410	51,500	39,500	11,500	20,500
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	1,196	-	170	175	876	123	88	-	999	411	405	32
Amounts payable`17/49`	32,626	30,234	26,978	175,462	165,931	178,493	172,362	141,837	139,204	135,864	134,807	158,116	140,860	107,746	80,942	66,776	68,891	54,662	42,934	48,499
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,896	-	-	-
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,896	-	-	-
Amounts payable within one year`42/48`	25,126	15,234	11,978	160,462	145,169	157,781	149,222	141,837	139,204	135,864	134,807	158,116	140,860	107,746	80,942	66,776	66,995	54,662	42,934	48,499
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,896	7,343	-	-	-
Financial debts`43`	-	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	1,619	2,210	2,015	2,800	3,608	3,276	3,154	1,691	2,018	1,206	1,056	1,057	3,639	189	151	402	3,904	176	102	8,618
Suppliers`440/4`	1,619	2,210	2,015	2,800	3,608	3,276	3,154	1,691	2,018	1,206	1,056	1,057	3,639	189	151	402	3,904	176	102	8,618
Taxes, remuneration and social security`45`	4,034	4,933	9,163	7,448	4,340	8,548	10,683	2,780	7,199	8,021	16,713	46,577	38,892	22,004	4,533	1,853	7,035	2,185	1,664	6,950
Taxes`450/3`	4,034	4,933	9,163	7,448	4,340	8,548	10,683	2,780	7,199	8,021	16,713	46,577	38,892	22,004	4,533	1,853	7,035	2,185	1,664	6,950
Other amounts payable`47/48`	19,474	8,090	800	150,214	137,221	145,958	135,384	137,367	129,988	126,633	117,038	110,482	98,330	85,553	76,258	62,625	48,713	52,301	41,168	32,931
Accrued charges and deferred income`492/3`	7,500	15,000	15,000	15,000	20,762	20,711	23,141	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Gross operating margin`9900`	579	-17,527	19,219	-3,800	-27,525	-36,206	50,200	4,730	44,341	10,131	54,221	74,053	62,885	49,919	13,600	-964	29,141	32,657	-3,845	-11,213
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,939	1,939	7,462	988	988	11,379	11,379	16,357	14,435	15,407	1,993	3,065	9,480	8,708	8,509	6,957	5,954	3,286	3,457	3,457
Other operating charges`640/8`	3,889	3,369	2,785	2,482	2,452	2,442	2,311	2,989	13,443	6,578	2,238	2,282	363	1,971	1,938	2,737	6,305	1,356	1,288	-
Non-recurring operating charges`66A`	-	63	63	-	-	-	576	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-5,249	-22,898	8,909	-7,271	-30,965	-50,027	35,934	-14,616	16,463	-11,854	49,990	68,706	53,042	39,240	3,153	-10,659	16,883	28,015	-8,591	-14,670
Financial income`75/76B`	-	0	5,219	4,451	1,053	1,937	1,510	1,551	905	2	773	643	550	630	616	57	132	130	108	191
Recurring financial income`75`	-	0	5,219	4,451	1,053	1,937	1,510	1,551	905	2	773	643	550	630	616	57	132	130	108	191
Financial charges`65/66B`	106	104	5,735	665	6,643	6,917	10,913	354	464	587	540	645	339	217	145	487	765	140	144	121
Recurring financial charges`65`	106	104	5,735	665	6,643	6,917	10,913	354	464	587	540	645	339	217	145	487	765	140	144	121
Profit (loss) for the period before taxes`9903`	-5,355	-23,002	8,394	-3,485	-36,556	-55,008	26,530	-13,419	16,904	-12,439	50,223	68,704	53,254	39,652	3,623	-11,090	16,249	28,006	-8,627	-14,600
Income taxes`67/77`	402	429	1,121	492	549	576	8,971	555	7,337	102	14,728	20,405	16,500	12,618	445	-	3,661	-	-	13
Profit (loss) for the period`9904`	-5,757	-23,431	7,273	-3,977	-37,105	-55,584	17,559	-13,974	9,568	-12,541	35,495	48,299	36,754	27,035	3,178	-11,090	12,588	28,006	-8,627	-14,613
Profit (loss) for the period to be appropriated`9905`	-5,757	-23,431	7,273	-3,977	-37,105	-55,584	17,559	-13,974	9,568	-12,541	35,495	48,299	36,754	27,035	3,178	-11,090	12,588	28,006	-8,627	-14,613
Appropriation of the result
Profit (loss) to be appropriated`9906`	-5,757	-23,431	7,273	-3,977	-37,105	-55,584	17,559	-12,778	9,568	-12,371	35,670	49,175	36,876	27,123	3,178	-10,091	12,999	28,411	-8,595	-14,468
Transfer from equity`791/2`	6,587	24,261	2,660	3,977	37,105	55,584	-	12,778	-	12,371	-	-	-	-	-	10,091	-	-	9,000	14,500
Transfer to equity`691/2`	-	-	9,133	-	-	-	17,559	-	8,371	-	35,500	49,000	36,000	27,000	3,091	-	12,000	28,000	-	-
To other reserves`6921`	-	-	9,133	-	-	-	17,559	-	8,371	-	35,500	49,000	36,000	27,000	3,091	-	12,000	28,000	-	-
Profit to be distributed`694/7`	830	830	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	830	830	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	28-08-2026	2026-00443308	PDF
31-12-2024	micro format	21-08-2025	2025-00396989	PDF
31-12-2023	micro format	29-08-2024	2024-00394738	PDF
31-12-2022	micro format	28-07-2023	2023-00285332	PDF
31-12-2021	micro format	30-08-2022	2022-20343744	PDF
31-12-2020	micro format	30-08-2021	2021-57600151	PDF
31-12-2019	micro format	28-09-2020	2020-56100008	PDF
31-12-2018	micro format	04-06-2019	2019-15500081	PDF
31-12-2017	micro format	31-05-2018	2018-14500128	PDF
31-12-2016	micro format	01-06-2017	2017-13900283	PDF
31-12-2015	abbreviated format	01-06-2016	2016-14100339	PDF
31-12-2014	abbreviated format	01-06-2015	2015-13600101	PDF
31-12-2013	abbreviated format	02-06-2014	2014-14100271	PDF
31-12-2012	abbreviated format	10-06-2013	2013-15800505	PDF
31-12-2011	abbreviated format	29-05-2012	2012-12700466	PDF
31-12-2010	abbreviated format	06-06-2011	2011-13400225	PDF
31-12-2009	abbreviated format	01-06-2010	2010-13600352	PDF
31-12-2008	abbreviated format	02-06-2009	2009-17200297	PDF
31-12-2007	abbreviated format	04-06-2008	2008-18000074	PDF
31-12-2006	abbreviated format	07-06-2007	2007-19000356	PDF
31-12-2005	abbreviated format	07-06-2006	2006-20802656	PDF
31-12-2004	abbreviated format	08-06-2005	2005-22502934	PDF
31-12-2003	abbreviated format	08-06-2004	2004-21600368	PDF
31-12-2002	abbreviated format	04-06-2003	2003-19003397	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-3,310	-20,959	16,371	-6,283	-29,977	-38,648	47,313	1,741	30,899	3,553	51,983	71,771	62,522	47,947	11,662	-3,702	22,837	31,301	-5,134	-11,213
Cash flow	-3,818	-21,492	14,735	-2,989	-36,117	-44,205	28,938	2,383	24,003	2,866	37,488	51,364	46,234	35,742	11,687	-4,132	18,542	31,292	-5,169	-11,156
Investment in fixed assets (approximation)	0	0	37,953	0	0	0	4,941	9,150	0	98,367	0	611	2,696	4,861	7,760	5,737	27,248	0	-0	-
Change in cash	-892	10,208	-50,380	-35,165	-38,518	-19,451	68,799	-10,362	-3,400	-163,655	35,263	86,237	85,363	42,556	25,424	-35,824	23,631	3,184	12,621	-
Working capital	65,898	78,046	100,369	124,386	133,137	169,203	215,838	126,826	133,593	109,590	205,091	167,603	113,746	70,209	39,328	35,401	47,166	53,976	22,684	27,854
Solvency	72.5%	75.4%	81.2%	38.6%	40.8%	45.9%	54.6%	57.2%	59.4%	58.8%	60.5%	51.9%	46.5%	44.4%	42.1%	45.5%	49.2%	49.8%	37.9%	41.8%
Current ratio	3.62	6.12	9.38	1.78	1.92	2.07	2.45	1.89	1.96	1.81	2.52	2.06	1.81	1.65	1.49	1.53	1.70	1.99	1.53	1.57
Debt to equity	0.38	0.33	0.23	1.59	1.45	1.18	0.83	0.75	0.68	0.70	0.65	0.93	1.15	1.25	1.38	1.20	1.03	1.01	1.64	1.39
ROE	-6.7%	-25.3%	6.2%	-3.6%	-32.4%	-36.7%	8.5%	-7.4%	4.7%	-6.5%	17.2%	28.3%	30.0%	31.5%	5.4%	-19.9%	18.9%	51.7%	-33.0%	-42.0%
ROA	-4.9%	-19.1%	5.1%	-1.4%	-13.2%	-16.8%	4.6%	-4.2%	2.8%	-3.8%	10.4%	14.7%	13.9%	14.0%	2.3%	-9.1%	9.3%	25.7%	-12.5%	-17.5%
Interest coverage	-31.33	-201.90	2.85	-9.45	-4.51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€37,953	-	-
Depreciation and write-downs of the year	€1,939	€1,939	€7,462	€988	€988

BADABING

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency72.5%

Current ratio3.62

Return on assets-4.9%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on BADABING

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