Barni
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 6 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €160,000
Total assets
€47,696▼ 70.4%
2024 · €161,304
Net result
€45,645▼ 9.5%
2024 · €50,417
Working capital
-€12,636
2024 · €29,808
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€59,135
▼ 5.2%
2025
20202025
Net result
€45,645
▼ 9.5%
2025
middle half of the sector
20202025
Equity
€3,816
▼ 89.8%
2025
lowest quarter of the sector
20202025
Total assets
€47,696
▼ 70.4%
2025
lowest quarter of the sector
20202025
Debt
€43,880
▼ 64.6%
2025
20202025
Working capital
-€12,636
2025
lowest quarter of the sector
20202025
Solvency
8.0%
▼ 15.2pp
2025
lowest quarter of the sector
20202025
Current ratio
0.71
▼ 0.53
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
95.7%
▲ 64.4pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€48,212-€56,367▲ 16.9%€40,136▼ 28.8%€16,630▼ 58.6%€62,381▲ 275%€59,135▼ 5.2%
Net result€38,133within the sector's middle half-€43,565within the sector's middle half▲ 14.2%€30,369within the sector's middle half▼ 30.3%€11,506within the sector's middle half▼ 62.1%€50,417within the sector's middle half▲ 338%€45,645within the sector's middle half▼ 9.5%
Equity€39,133within the sector's middle half-€82,699within the sector's middle half▲ 111%€113,068within the sector's middle half▲ 36.7%€106,927within the sector's middle half▼ 5.4%€37,344within the sector's middle half▼ 65.1%€3,816below the sector's middle half▼ 89.8%
Total assets€60,223below the sector's middle half-€108,381within the sector's middle half▲ 80.0%€134,792within the sector's middle half▲ 24.4%€133,280within the sector's middle half▼ 1.1%€161,304within the sector's middle half▲ 21.0%€47,696below the sector's middle half▼ 70.4%
Debt€21,090-€25,682▲ 21.8%€21,724▼ 15.4%€26,353▲ 21.3%€123,960▲ 370%€43,880▼ 64.6%
Working capital€39,133within the sector's middle half-€82,699within the sector's middle half▲ 111%€113,068within the sector's middle half▲ 36.7%€104,523within the sector's middle half▼ 7.6%€29,808within the sector's middle half▼ 71.5%-€12,636below the sector's middle half
Solvency65.0%within the sector's middle half-76.3%within the sector's middle half▲ 11.3pp83.9%above the sector's middle half▲ 7.6pp80.2%above the sector's middle half▼ 3.7pp23.2%below the sector's middle half▼ 57.1pp8.0%below the sector's middle half▼ 15.2pp
Current ratio2.86within the sector's middle half-4.22within the sector's middle half▲ 1.366.20above the sector's middle half▲ 1.984.97above the sector's middle half▼ 1.241.24below the sector's middle half▼ 3.730.71below the sector's middle half▼ 0.53
Return on assets (ROA)63.3%above the sector's middle half-40.2%above the sector's middle half▼ 23.1pp22.5%within the sector's middle half▼ 17.7pp8.6%within the sector's middle half▼ 13.9pp31.3%within the sector's middle half▲ 22.6pp95.7%above the sector's middle half▲ 64.4pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% lower than 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,696
Fixed assets
€16,452 ▲ 118%
Current assets
€31,243 ▼ 79.7%
Equity and liabilities €47,696
Equity
€3,816 ▼ 89.8%
Debt
€43,880 ▼ 64.6%
Debt's share of the balance-sheet total rises from 76.8% to 92.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€63,882▼
2024 · €64,502
Cash flow
€50,391▼
2024 · €52,538
Debt to equity
11.50▲
2024 · 3.32
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€43,880▼
2024 · €123,960
Income taxes
€13,163▼
2024 · €14,119
A ratio outside any meaningful range has been withheld (balance sheet total €47,696, equity €3,816).
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 | - | - | €2,637 | €7,253 | €13,663 |
| Depreciation and write-downs of the year | - | - | €234 | €2,121 | €4,746 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €234 | €2,121 | €4,746 | ▲ 124% |
| Other operating charges640/8 | - | €1,328 | €811 | €931 | €891 | €744 | ▼ 16.5% |
| Gross operating margin9900 | €48,289 | €57,695 | €40,947 | €17,795 | €65,393 | €64,626 | ▼ 1.2% |
| Operating profit (loss)9901 | €48,212 | €56,367 | €40,136 | €16,630 | €62,381 | €59,135 | ▼ 5.2% |
| Financial income75/76B | - | - | €57 | €154 | €2,262 | €7 | ▼ 99.7% |
| Recurring financial income75 | €0 | - | €57 | €154 | €2,262 | €7 | ▼ 99.7% |
| Financial charges65/66B | - | €412 | €350 | €243 | €106 | €335 | ▲ 217% |
| Recurring financial charges65 | €132 | €412 | €350 | €243 | €106 | €335 | ▲ 217% |
| Profit (loss) for the period before taxes9903 | €48,080 | €55,955 | €39,843 | €16,541 | €64,537 | €58,808 | ▼ 8.9% |
| Income taxes67/77 | €9,947 | €12,390 | €9,473 | €5,035 | €14,119 | €13,163 | ▼ 6.8% |
| Profit (loss) for the period9904 | €38,133 | €43,565 | €30,369 | €11,506 | €50,417 | €45,645 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €38,133 | €43,565 | €30,369 | €11,506 | €50,417 | €45,645 | ▼ 9.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €60,223 | €108,381 | €134,792 | €133,280 | €161,304 | €47,696 | ▼ 70.4% |
| Fixed assets21/28 | - | - | - | €2,404 | €7,536 | €16,452 | ▲ 118% |
| Tangible fixed assets22/27 | - | - | - | €2,404 | €7,536 | €16,452 | ▲ 118% |
| Plant, machinery and equipment23 | - | - | - | €1,074 | €689 | €12,321 | ▲ 18× |
| Furniture and vehicles24 | - | - | - | - | €5,813 | €3,395 | ▼ 41.6% |
| Other tangible fixed assets26 | - | - | - | €1,330 | €1,033 | €736 | ▼ 28.7% |
| Current assets29/58 | €60,223 | €108,381 | €134,792 | €130,876 | €153,768 | €31,243 | ▼ 79.7% |
| Amounts receivable after more than one year29 | - | - | €69,400 | €69,476 | €71,562 | - | - |
| Other amounts receivable291 | - | - | €69,400 | €69,476 | €71,562 | - | - |
| Amounts receivable within one year40/41 | €18,876 | €18,646 | €12,644 | €12,885 | €19,568 | €15,268 | ▼ 22.0% |
| Trade receivables40 | - | €18,646 | €9,117 | €852 | €7,928 | €13,431 | ▲ 69.4% |
| Other amounts receivable41 | - | - | €3,527 | €12,033 | €11,640 | €1,837 | ▼ 84.2% |
| Cash at bank and in hand54/58 | €40,969 | €89,558 | €42,395 | €47,481 | €61,619 | €14,759 | ▼ 76.0% |
| Deferred charges and accrued income490/1 | - | €176 | €10,352 | €1,035 | €1,020 | €1,216 | ▲ 19.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €60,223 | €108,381 | €134,792 | €133,280 | €161,304 | €47,696 | ▼ 70.4% |
| Equity10/15 | €39,133 | €82,699 | €113,068 | €106,927 | €37,344 | €3,816 | ▼ 89.8% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €38,133 | €81,699 | €112,068 | €105,927 | €36,344 | €2,816 | ▼ 92.3% |
| Distributable reserves133 | - | €81,699 | €112,068 | €105,927 | €36,344 | €2,816 | ▼ 92.3% |
| Amounts payable17/49 | €21,090 | €25,682 | €21,724 | €26,353 | €123,960 | €43,880 | ▼ 64.6% |
| Amounts payable within one year42/48 | €21,090 | €25,682 | €21,724 | €26,353 | €123,960 | €43,880 | ▼ 64.6% |
| Trade debts44 | €1,738 | - | €9,712 | €440 | - | €81 | - |
| Suppliers440/4 | - | - | €9,712 | €440 | - | €81 | - |
| Taxes, remuneration and social security45 | - | €15,523 | €8,519 | €8,266 | €3,960 | €11,026 | ▲ 178% |
| Taxes450/3 | - | €15,523 | €8,519 | €8,266 | €3,960 | €11,026 | ▲ 178% |
| Other amounts payable47/48 | - | €10,160 | €3,493 | €17,647 | €120,000 | €32,773 | ▼ 72.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,133 | €43,565 | €30,369 | €11,506 | €50,417 | €45,645 | ▼ 9.5% |
| + Depreciation and write-downs630 | - | - | - | €234 | €2,121 | €4,746 | ▲ 124% |
| Operating cash flow (approximation) | €38,133 | €43,565 | €30,369 | €11,739 | €52,538 | €50,391 | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | - | - | - | -€7,253 | -€13,663 | ▼ 88.4% |
| Change in cash | - | €48,590 | -€47,163 | €5,086 | €14,138 | -€46,860 | - |
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, 2,153 companies had the same profile as Barni has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
The bankruptcy probability of Barni itself is lower: 0.1% within 12 months. It rests on far more data about Barni than the profile alone.
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 2,153 companies, not a prediction for Barni. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00236825 | |
| 31-12-2024 | micro format | 22-04-2025 | 2025-00072638 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00116385 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00145714 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20086803 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26700280 |