BAROMY
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 5 filings
Turnover
≈ €140,000
Estimated: probably between €72,000 and €320,000
Total assets
€59,154▲ 6.9%
2024 · €55,347
Net result
€6,778▼ 21.5%
2024 · €8,629
Working capital
€28,331▲ 50.9%
2024 · €18,780
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€10,861
▼ 19.5%
2025
20212025
Net result
€6,778
▼ 21.5%
2025
middle half of the sector
20212025
Equity
€37,938
▲ 21.8%
2025
middle half of the sector
20212025
Total assets
€59,154
▲ 6.9%
2025
middle half of the sector
20212025
Debt
€21,216
▼ 12.3%
2025
20212025
Working capital
€28,331
▲ 50.9%
2025
middle half of the sector
20212025
Solvency
64.1%
▲ 7.8pp
2025
highest quarter of the sector
20212025
Current ratio
2.58
▲ 0.68
2025
highest quarter of the sector
20212025
Return on assets (ROA)
11.5%
▼ 4.1pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,783-€1,303▼ 26.9%€20,235▲ 16×€13,484▼ 33.4%€10,861▼ 19.5%
Net result€883within the sector's middle half-€461within the sector's middle half▼ 47.8%€13,187within the sector's middle half▲ 29×€8,629within the sector's middle half▼ 34.6%€6,778within the sector's middle half▼ 21.5%
Equity€8,883within the sector's middle half-€9,344within the sector's middle half▲ 5.2%€22,531within the sector's middle half▲ 141%€31,160within the sector's middle half▲ 38.3%€37,938within the sector's middle half▲ 21.8%
Total assets€29,463below the sector's middle half-€23,779below the sector's middle half▼ 19.3%€48,819within the sector's middle half▲ 105%€55,347within the sector's middle half▲ 13.4%€59,154within the sector's middle half▲ 6.9%
Debt€20,580-€14,435▼ 29.9%€26,287▲ 82.1%€24,187▼ 8.0%€21,216▼ 12.3%
Working capital€7,617within the sector's middle half-€3,199within the sector's middle half▼ 58.0%€13,041within the sector's middle half▲ 308%€18,780within the sector's middle half▲ 44.0%€28,331within the sector's middle half▲ 50.9%
Solvency30.1%within the sector's middle half-39.3%within the sector's middle half▲ 9.1pp46.2%within the sector's middle half▲ 6.9pp56.3%within the sector's middle half▲ 10.1pp64.1%above the sector's middle half▲ 7.8pp
Current ratio1.54within the sector's middle half-1.22within the sector's middle half▼ 0.321.66within the sector's middle half▲ 0.441.90within the sector's middle half▲ 0.232.58above the sector's middle half▲ 0.68
Return on assets (ROA)3.0%within the sector's middle half-1.9%within the sector's middle half▼ 1.1pp27.0%above the sector's middle half▲ 25.1pp15.6%within the sector's middle half▼ 11.4pp11.5%within the sector's middle half▼ 4.1pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 19% lower than in 2024. It is the second fall in a row.
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 €59,154
Fixed assets
€12,855 ▼ 17.7%
Current assets
€46,299 ▲ 16.6%
Equity and liabilities €59,154
Equity
€37,938 ▲ 21.8%
Debt
€21,216 ▼ 12.3%
Debt's share of the balance-sheet total falls from 43.7% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,197▼
2024 · €17,310
Cash flow
€10,113▼
2024 · €12,455
Quick ratio
2.37▲
2024 · 1.72
Debt to equity
0.56▼
2024 · 0.78
ROE
17.9%▼
2024 · 27.7%
Interest coverage
6.45▼
2024 · 6.97
Debt ≤ 1 year
€17,968▼
2024 · €20,939
Debt > 1 year
€3,248=
2024 · €3,248
Income taxes
€1,882▼
2024 · €2,417
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 | €9,348 | - | €12,221 | €3,370 | €563 |
| Depreciation and write-downs of the year | €1,654 | €1,549 | €2,281 | €3,827 | €3,336 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,654 | €1,549 | €2,281 | €3,827 | €3,336 | ▼ 12.8% |
| Other operating charges640/8 | €1,791 | €3,619 | €3,603 | €5,923 | €0 | ▼ 100% |
| Gross operating margin9900 | €5,228 | €6,471 | €26,118 | €23,233 | €14,197 | ▼ 38.9% |
| Operating profit (loss)9901 | €1,783 | €1,303 | €20,235 | €13,484 | €10,861 | ▼ 19.5% |
| Financial income75/76B | €5 | €162 | €0 | €44 | €0 | ▼ 98.9% |
| Recurring financial income75 | €5 | €162 | €0 | €44 | €0 | ▼ 98.9% |
| Financial charges65/66B | €905 | €1,005 | €4,775 | €2,482 | €2,202 | ▼ 11.3% |
| Recurring financial charges65 | €905 | €1,005 | €4,775 | €2,482 | €2,202 | ▼ 11.3% |
| Profit (loss) for the period before taxes9903 | €883 | €461 | €15,460 | €11,046 | €8,659 | ▼ 21.6% |
| Income taxes67/77 | - | - | €2,273 | €2,417 | €1,882 | ▼ 22.2% |
| Profit (loss) for the period9904 | €883 | €461 | €13,187 | €8,629 | €6,778 | ▼ 21.5% |
| Profit (loss) for the period to be appropriated9905 | €883 | €461 | €13,187 | €8,629 | €6,778 | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,463 | €23,779 | €48,819 | €55,347 | €59,154 | ▲ 6.9% |
| Fixed assets21/28 | €7,694 | €6,144 | €16,085 | €15,628 | €12,855 | ▼ 17.7% |
| Tangible fixed assets22/27 | €7,694 | €6,144 | €16,085 | €15,628 | €12,855 | ▼ 17.7% |
| Land and buildings22 | - | - | €8,178 | €7,122 | €6,065 | ▼ 14.8% |
| Plant, machinery and equipment23 | €1,632 | €1,060 | €488 | €912 | €633 | ▼ 30.6% |
| Furniture and vehicles24 | €4,656 | €4,131 | €5,883 | €6,827 | €5,812 | ▼ 14.9% |
| Other tangible fixed assets26 | €1,405 | €953 | €1,535 | €767 | €345 | ▼ 55.1% |
| Current assets29/58 | €21,770 | €17,635 | €32,734 | €39,719 | €46,299 | ▲ 16.6% |
| Stocks and contracts in progress3 | €4,051 | €3,639 | €3,639 | €3,639 | €3,639 | = |
| Stocks30/36 | €4,051 | €3,639 | €3,639 | €3,639 | €3,639 | = |
| Amounts receivable within one year40/41 | - | €1,802 | - | €0 | €367 | - |
| Trade receivables40 | - | €1,802 | - | €0 | €367 | - |
| Cash at bank and in hand54/58 | €17,219 | €10,994 | €28,724 | €35,589 | €42,294 | ▲ 18.8% |
| Deferred charges and accrued income490/1 | €499 | €1,200 | €372 | €492 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,463 | €23,779 | €48,819 | €55,347 | €59,154 | ▲ 6.9% |
| Equity10/15 | €8,883 | €9,344 | €22,531 | €31,160 | €37,938 | ▲ 21.8% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | - | - | €14,531 | €23,160 | €29,938 | ▲ 29.3% |
| Distributable reserves133 | - | - | €14,531 | €23,160 | €29,938 | ▲ 29.3% |
| Profit (loss) carried forward14 | €883 | €1,344 | - | - | - | - |
| Amounts payable17/49 | €20,580 | €14,435 | €26,287 | €24,187 | €21,216 | ▼ 12.3% |
| Amounts payable after more than one year17 | €6,428 | - | €6,595 | €3,248 | €3,248 | = |
| Financial debts170/4 | €6,428 | - | €6,595 | €3,248 | €3,248 | = |
| Amounts payable within one year42/48 | €14,152 | €14,435 | €19,693 | €20,939 | €17,968 | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | - | €2,783 | €3,150 | €3,346 | - | - |
| Trade debts44 | €4,848 | €75 | €2,183 | €5,416 | €3,896 | ▼ 28.1% |
| Suppliers440/4 | €4,848 | €75 | €2,183 | €5,416 | €3,896 | ▼ 28.1% |
| Taxes, remuneration and social security45 | €1,654 | €2,457 | €5,449 | €5,766 | €8,321 | ▲ 44.3% |
| Taxes450/3 | €1,654 | €2,457 | €5,449 | €5,766 | €8,321 | ▲ 44.3% |
| Other amounts payable47/48 | €7,650 | €9,120 | €8,911 | €6,411 | €5,751 | ▼ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €883 | €461 | €13,187 | €8,629 | €6,778 | ▼ 21.5% |
| + Depreciation and write-downs630 | €1,654 | €1,549 | €2,281 | €3,827 | €3,336 | ▼ 12.8% |
| Operating cash flow (approximation) | €2,537 | €2,010 | €15,468 | €12,455 | €10,113 | ▼ 18.8% |
| Investment in fixed assets (approximation) | - | €0 | -€12,221 | -€3,370 | -€563 | ▲ 83.3% |
| Change in cash | - | -€6,225 | €17,729 | €6,865 | €6,705 | ▼ 2.3% |
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, 26,972 companies had the same profile as BAROMY has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BAROMY itself: 0.5% 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 26,972 companies, not a prediction for BAROMY. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00371705 | |
| 31-12-2024 | micro format | 07-08-2025 | 2025-00364981 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00384792 | |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00307229 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20259643 |