BASCO
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 01-10-2026 at the NBB all 37 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€231,563▲ 6.9%
2019 · €216,626
EBIT margin
-40.4%▲ 28.2pp
2019 · -68.6%
Net result
€3.6m▲ 498%
2025 · €599,712
Working capital
€381,681
2025 · -€3.0m
Multi-year overview
2019 to 2026, 8 financial yearsTurnover
no figure
2026
20192026
Operating result
-€36,391
▲ 3.9%
2026
20192026
Net result
€3.6m
▲ 498%
2026
20192026
EBIT margin
no figure
2026
20192026
Equity
€12.2m
▲ 41.4%
2026
20192026
Total assets
€12.4m
▼ 11.6%
2026
20192026
Debt
€156,763
▼ 97.1%
2026
20192026
Working capital
€381,681
2026
20192026
Solvency
98.7%
▲ 37.0pp
2026
20192026
Current ratio
4.22
▲ 3.80
2026
20192026
Return on assets (ROA)
28.9%
▲ 24.6pp
2026
20192026
Staff (FTE)
0
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€0.2m-€0.2m▲ 6.9%
Operating result-€0.1m--€0.09m▲ 37.1%-€0.03m▲ 66.0%-€0.04m▼ 18.1%-€0.06m▼ 71.6%-€0.04m▲ 40.9%-€0.04m▲ 0.4%-€0.04m▲ 3.9%
Net result€22.3m--€0.04m-€0.03mbelow the sector's middle half▲ 29.4%-€0.03mbelow the sector's middle half▼ 14.7%-€0.05mbelow the sector's middle half▼ 70.8%-€0.003mbelow the sector's middle half▲ 94.1%€0.6mabove the sector's middle half€3.6m▲ 498%
EBIT margin-68.6%--40.4%▲ 28.2pp
Equity€20.1m-€15.1m▼ 24.9%€15.1mabove the sector's middle half▼ 0.2%€15.0mabove the sector's middle half▼ 0.2%€15.0mabove the sector's middle half▼ 0.3%€12.6mabove the sector's middle half▼ 16.2%€8.7mabove the sector's middle half▼ 31.0%€12.2m▲ 41.4%
Total assets€24.7m-€15.6m▼ 36.7%€16.1mabove the sector's middle half▲ 3.0%€16.0mabove the sector's middle half▼ 0.3%€16.5mabove the sector's middle half▲ 3.2%€13.6mabove the sector's middle half▼ 17.6%€14.0mabove the sector's middle half▲ 3.0%€12.4m▼ 11.6%
Debt€4.5m-€0.5m▼ 88.8%€1.0m▲ 97.3%€1.0m▼ 2.3%€1.5m▲ 57.7%€1.1m▼ 31.6%€5.4m▲ 409%€0.2m▼ 97.1%
Working capital€5.2m-€0.07m▼ 98.6%-€0.5mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 4.1%-€0.3mbelow the sector's middle half▲ 54.0%-€0.6mbelow the sector's middle half▼ 135%-€3.0mbelow the sector's middle half▼ 390%€0.4m
Solvency81.6%-96.7%▲ 15.2pp93.8%above the sector's middle half▼ 3.0pp93.9%above the sector's middle half▲ 0.1pp90.7%above the sector's middle half▼ 3.2pp92.3%above the sector's middle half▲ 1.6pp61.8%within the sector's middle half▼ 30.5pp98.7%▲ 37.0pp
Current ratio2.16-1.14▼ 1.010.45below the sector's middle half▼ 0.690.41below the sector's middle half▼ 0.040.78within the sector's middle half▲ 0.360.23below the sector's middle half▼ 0.550.42below the sector's middle half▲ 0.204.22▲ 3.80
Return on assets (ROA)90.2%--0.2%▼ 90.5pp-0.2%below the sector's middle half▲ 0.1pp-0.2%below the sector's middle half=-0.3%below the sector's middle half▼ 0.1pp0.0%below the sector's middle half▲ 0.3pp4.3%within the sector's middle half▲ 4.3pp28.9%▲ 24.6pp
Staff (FTE)3.3-2.8▼ 15.2%2.8within the sector's middle half=1.2within the sector's middle half▼ 57.1%0within the sector's middle half▼ 100%0within the sector's middle half0within the sector's middle half0
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2026 is a loss of €36,391, smaller than the loss of €37,872 in 2025.
Large changes and their cause
- 2026 Net result +498% on 2025. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €12.4m
Fixed assets
€11.9m ▲ 0.6%
Current assets
€500,230 ▼ 77.2%
Equity and liabilities €12.4m
Equity
€12.2m ▲ 41.4%
Debt
€156,763 ▼ 97.1%
Debt's share of the balance-sheet total falls from 38.2% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.01▼
2025 · 0.62
ROE
29.3%▲
2025 · 6.9%
Debt ≤ 1 year
€118,549▼
2025 · €5.2m
Debt > 1 year
€29,966▼
2025 · €139,567
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 1 |
| part-time | 1 |
| in full-time equivalents | 1.2 |
| Average over the year, in full-time equivalents | 1.2 |
| On a permanent contract | 2 |
| Joined | 1 |
| Left | 2 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €0 | €0 | €72,419 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €332 awarded · €332 paidSchemes
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.2m | €0.2m | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.07m | €0.06m | €0.004m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 3.4% |
| Gross operating margin9900 | - | - | €0.1m | €0.03m | -€0.002m | -€0.03m | -€0.04m | -€0.04m | ▲ 3.9% |
| Operating profit (loss)9901 | -€0.1m | -€0.09m | -€0.03m | -€0.04m | -€0.06m | -€0.04m | -€0.04m | -€0.04m | ▲ 3.9% |
| Financial income75/76B | - | - | - | €0.02m | €0.04m | €0.05m | €0.6m | €3.6m | ▲ 462% |
| Recurring financial income75 | €0.2m | €0.07m | €0.02m | €0.02m | €0.04m | €0.05m | €0.05m | €0.05m | ▲ 5.9% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.6m | €3.6m | ▲ 502% |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.005m | €0.008m | €0.01m | ▲ 18.4% |
| Recurring financial charges65 | €0.1m | €0.005m | €0.01m | €0.01m | €0.02m | €0.005m | €0.008m | €0.01m | ▲ 18.4% |
| Debt charges650 | €0.09m | €0.005m | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €22.3m | -€0.02m | -€0.03m | -€0.03m | -€0.05m | €0.002m | €0.6m | €3.6m | ▲ 498% |
| Income taxes67/77 | €0.01m | €0.01m | €0 | - | €0.007m | €0.005m | €0 | - | - |
| Profit (loss) for the period9904 | €22.3m | -€0.04m | -€0.03m | -€0.03m | -€0.05m | -€0.003m | €0.6m | €3.6m | ▲ 498% |
| Profit (loss) for the period to be appropriated9905 | €22.3m | -€0.04m | -€0.03m | -€0.03m | -€0.05m | -€0.003m | €0.6m | €3.6m | ▲ 498% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €24.7m | €15.6m | €16.1m | €16.0m | €16.5m | €13.6m | €14.0m | €12.4m | ▼ 11.6% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €15.0m | €15.0m | €15.6m | €15.6m | €15.6m | €13.4m | €11.8m | €11.9m | ▲ 0.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €15.0m | €15.0m | €15.6m | €15.6m | €15.6m | €13.4m | €11.8m | €11.9m | ▲ 0.6% |
| Current assets29/58 | €9.7m | €0.6m | €0.5m | €0.4m | €0.9m | €0.2m | €2.2m | €0.5m | ▼ 77.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.7m | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | €0.7m | €0 | - | - | - |
| Stocks and contracts in progress3 | - | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8.0m | €0.06m | €0.06m | €0.08m | €0.1m | €0.02m | €2.0m | €0.003m | ▼ 99.9% |
| Trade receivables40 | - | - | - | €0.08m | €0.1m | €0.007m | €115 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €3 | €0.002m | €0.01m | €2.0m | €0.003m | ▼ 99.9% |
| Current investments50/53 | - | - | - | - | - | - | - | €0.3m | - |
| Cash at bank and in hand54/58 | €1.3m | €0.1m | €0.2m | €0.1m | €0.02m | €0.05m | €0.04m | €0.03m | ▼ 10.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 31.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €24.7m | €15.6m | €16.1m | €16.0m | €16.5m | €13.6m | €14.0m | €12.4m | ▼ 11.6% |
| Equity10/15 | €20.1m | €15.1m | €15.1m | €15.0m | €15.0m | €12.6m | €8.7m | €12.2m | ▲ 41.4% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €18.7m | €13.7m | €13.6m | €13.6m | €13.6m | €11.1m | €7.2m | €10.8m | ▲ 49.5% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €13.4m | €13.4m | €11.0m | €7.1m | €10.6m | ▲ 50.8% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €4.5m | €0.5m | €1.0m | €1.0m | €1.5m | €1.1m | €5.4m | €0.2m | ▼ 97.1% |
| Amounts payable after more than one year17 | - | - | - | - | €0.4m | €0.2m | €0.1m | €0.03m | ▼ 78.5% |
| Financial debts170/4 | - | - | - | - | €0.4m | €0.2m | €0.1m | €0.03m | ▼ 78.5% |
| Amounts payable within one year42/48 | €4.5m | €0.5m | €1.0m | €1.0m | €1.2m | €0.8m | €5.2m | €0.1m | ▼ 97.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Trade debts44 | €0.1m | €0.04m | €0.02m | €0.002m | €0.04m | €0.02m | €0.01m | €0.009m | ▼ 11.2% |
| Suppliers440/4 | - | - | - | €0.002m | €0.04m | €0.02m | €0.01m | €0.009m | ▼ 11.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0.001m | €0 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.0m | €0.7m | €5.1m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.009m | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 26.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22.3m | -€0.04m | -€0.03m | -€0.03m | -€0.05m | -€0.003m | €0.6m | €3.6m | ▲ 498% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €22.3m | -€0.04m | -€0.03m | -€0.03m | -€0.05m | -€0.003m | €0.6m | €3.6m | ▲ 498% |
| Investment in fixed assets (approximation) | - | -€0.07m | -€0.6m | €0 | €32 | €2.2m | €1.6m | -€0.07m | - |
| Change in cash | - | -€1.2m | €0.07m | -€0.09m | -€0.08m | €0.04m | -€0.02m | -€0.004m | ▲ 75.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 01-10-2026 | 2026-00540324 | |
| 31-03-2025 | abbreviated format | 21-10-2025 | 2025-00546508 | |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00523968 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00502699 | |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20476239 | |
| 31-03-2021 | abbreviated format | 15-11-2021 | 2021-77600361 | |
| 31-03-2020 | full format | 22-10-2020 | 2020-62700281 | |
| 31-03-2019 | full format | 24-09-2019 | 2019-65800592 | |
| 31-03-2018 | full format | 25-09-2018 | 2018-64600553 | |
| 31-03-2017 | full format | 22-09-2017 | 2017-62400254 |