BAS-CO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 6% lower than in 2024 and the lowest since 2023. 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.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €2,024 | €3,009 |
| Depreciation and write-downs of the year | - | €103 | €1,047 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €103 | €1,047 | ▲ 917% |
| Other operating charges640/8 | €3,548 | €2,548 | €2,686 | ▲ 5.4% |
| Gross operating margin9900 | €38,602 | €31,510 | €30,994 | ▼ 1.6% |
| Operating profit (loss)9901 | €35,054 | €28,859 | €27,261 | ▼ 5.5% |
| Financial income75/76B | - | €1 | €15 | ▲ 15× |
| Recurring financial income75 | - | €1 | €15 | ▲ 15× |
| Financial charges65/66B | €3,457 | €2,042 | €1,588 | ▼ 22.2% |
| Recurring financial charges65 | €3,457 | €2,042 | €1,588 | ▼ 22.2% |
| Profit (loss) for the period before taxes9903 | €31,597 | €26,818 | €25,688 | ▼ 4.2% |
| Income taxes67/77 | €9,320 | €5,982 | €5,859 | ▼ 2.1% |
| Profit (loss) for the period9904 | €22,277 | €20,836 | €19,829 | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €22,277 | €20,836 | €19,829 | ▼ 4.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46,106 | €60,539 | €77,281 | ▲ 27.7% |
| Fixed assets21/28 | - | €1,921 | €3,883 | ▲ 102% |
| Tangible fixed assets22/27 | - | €1,921 | €3,883 | ▲ 102% |
| Plant, machinery and equipment23 | - | - | €1,572 | - |
| Furniture and vehicles24 | - | €1,921 | €2,311 | ▲ 20.3% |
| Current assets29/58 | €46,106 | €58,618 | €73,398 | ▲ 25.2% |
| Amounts receivable within one year40/41 | €7,167 | €12,799 | €11,013 | ▼ 14.0% |
| Trade receivables40 | €6,487 | €10,981 | €9,317 | ▼ 15.2% |
| Other amounts receivable41 | €680 | €1,818 | €1,696 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €37,986 | €44,491 | €61,049 | ▲ 37.2% |
| Deferred charges and accrued income490/1 | €953 | €1,328 | €1,336 | ▲ 0.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46,106 | €60,539 | €77,281 | ▲ 27.7% |
| Equity10/15 | €27,277 | €46,395 | €66,224 | ▲ 42.7% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €21,277 | €40,395 | €60,224 | ▲ 49.1% |
| Distributable reserves133 | €21,277 | €40,395 | €60,224 | ▲ 49.1% |
| Amounts payable17/49 | €18,829 | €14,144 | €11,057 | ▼ 21.8% |
| Amounts payable within one year42/48 | €18,829 | €14,144 | €11,057 | ▼ 21.8% |
| Trade debts44 | €906 | €3,807 | €2,253 | ▼ 40.8% |
| Suppliers440/4 | €906 | €3,807 | €2,253 | ▼ 40.8% |
| Taxes, remuneration and social security45 | €7,413 | €8,619 | €8,804 | ▲ 2.1% |
| Taxes450/3 | €7,413 | €8,618 | €8,804 | ▲ 2.2% |
| Remuneration and social security454/9 | - | €1 | - | - |
| Other amounts payable47/48 | €10,510 | €1,718 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,277 | €20,836 | €19,829 | ▼ 4.8% |
| + Depreciation and write-downs630 | - | €103 | €1,047 | ▲ 917% |
| Operating cash flow (approximation) | €22,277 | €20,939 | €20,876 | ▼ 0.3% |
| Investment in fixed assets (approximation) | - | - | -€3,009 | - |
| Change in cash | - | €6,505 | €16,558 | ▲ 155% |
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, 39,278 companies had the same profile as BAS-CO has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BAS-CO itself is lower: < 0.1% within 12 months. It rests on far more data about BAS-CO 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 39,278 companies, not a prediction for BAS-CO. 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.