BASKERVILLE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 43 filings
Turnover
€1.6m▲ 14.0%
2023 · €1.4m
EBIT margin
6.8%▲ 5.4pp
2023 · 1.4%
Net result
-€27,713
2024 · €80,783
Working capital
-€80,535▼ 45.0%
2024 · -€55,522
In the rankings
#8 oldest company in Kontich, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€2,124
2025
20182025
Net result
-€27,713
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€111,822
▼ 19.9%
2025
lowest quarter of the sector
20182025
Total assets
€734,018
▼ 7.1%
2025
middle half of the sector
20182025
Debt
€622,195
▼ 4.3%
2025
20182025
Working capital
-€80,535
▼ 45.0%
2025
lowest quarter of the sector
20182025
Solvency
15.2%
▼ 2.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.83
▼ 0.04
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-3.8%
▼ 14.0pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
9.1
▼ 1.1%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.5m€1.5m▲ 0.8%€1.4m▼ 9.6%€1.6m▲ 14.0%
Operating result€0.2m-€0.1m▼ 31.4%€0.01m▼ 89.3%€0.1m▲ 13×€0.04m▼ 72.0%€0.02m▼ 51.6%€0.1m▲ 443%-€0.002m
Net result€0.1m-€0.08m▼ 30.1%-€0.02mbelow the sector's middle half€0.1mabove the sector's middle half€0.02mwithin the sector's middle half▼ 82.0%€226within the sector's middle half▼ 98.9%€0.08mwithin the sector's middle half▲ 357×-€0.03mwithin the sector's middle half
EBIT margin9.7%2.7%▼ 7.0pp1.4%▼ 1.2pp6.8%▲ 5.4pp
Equity€0.2m-€0.2m▲ 2.5%€0.2mwithin the sector's middle half▼ 9.1%€0.2mwithin the sector's middle half▲ 1.9%€0.2mwithin the sector's middle half▼ 4.7%€0.2mwithin the sector's middle half▼ 17.9%€0.1mwithin the sector's middle half▼ 13.3%€0.1mbelow the sector's middle half▼ 19.9%
Total assets€1.1m-€1.1m▼ 0.4%€0.8mwithin the sector's middle half▼ 26.5%€0.9mwithin the sector's middle half▲ 12.2%€0.7mwithin the sector's middle half▼ 14.9%€0.7mwithin the sector's middle half▼ 2.2%€0.8mwithin the sector's middle half▲ 8.8%€0.7mwithin the sector's middle half▼ 7.1%
Debt€0.8m-€0.8m▼ 1.2%€0.6m▼ 31.2%€0.7m▲ 15.9%€0.5m▼ 18.0%€0.6m▲ 3.4%€0.7m▲ 15.2%€0.6m▼ 4.3%
Working capital-€0.1m--€0.1m▲ 25.8%-€0.05mbelow the sector's middle half▲ 56.4%-€0.1mbelow the sector's middle half▼ 155%-€0.003mwithin the sector's middle half▲ 97.7%€0.005mwithin the sector's middle half-€0.06mbelow the sector's middle half-€0.08mbelow the sector's middle half▼ 45.0%
Solvency20.4%-21.0%▲ 0.6pp26.0%within the sector's middle half▲ 5.0pp23.6%within the sector's middle half▼ 2.4pp26.4%within the sector's middle half▲ 2.8pp22.2%within the sector's middle half▼ 4.2pp17.7%within the sector's middle half▼ 4.5pp15.2%below the sector's middle half▼ 2.4pp
Current ratio0.75-0.83▲ 0.090.89below the sector's middle half▲ 0.060.80below the sector's middle half▼ 0.100.99within the sector's middle half▲ 0.201.01within the sector's middle half▲ 0.020.88below the sector's middle half▼ 0.140.83below the sector's middle half▼ 0.04
Return on assets (ROA)10.9%-7.7%▼ 3.3pp-2.6%below the sector's middle half▼ 10.3pp13.2%above the sector's middle half▲ 15.8pp2.8%within the sector's middle half▼ 10.4pp0.0%within the sector's middle half▼ 2.8pp10.2%above the sector's middle half▲ 10.2pp-3.8%below the sector's middle half▼ 14.0pp
Staff (FTE)9.3-10▲ 7.5%10.4within the sector's middle half▲ 4.0%9.8within the sector's middle half▼ 5.8%10.1within the sector's middle half▲ 3.1%9.6within the sector's middle half▼ 5.0%9.2within the sector's middle half▼ 4.2%9.1within the sector's middle half▼ 1.1%
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). 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 a loss of €2,124, after a profit of €106,949 in 2024. It is the lowest result since 2018.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €734,018
Fixed assets
€327,748 ▼ 18.1%
Current assets
€406,269 ▲ 4.3%
Equity and liabilities €734,018
Equity
€111,822 ▼ 19.9%
Debt
€622,195 ▼ 4.3%
Debt's share of the balance-sheet total rises from 82.3% to 84.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€98,097▼
2024 · €188,418
Cash flow
€72,508▼
2024 · €162,252
Quick ratio
0.60▼
2024 · 0.66
Debt to equity
5.56▲
2024 · 4.66
ROE
-24.8%▼
2024 · 57.9%
Interest coverage
3.52▼
2024 · 6.40
Debt ≤ 1 year
€486,804▲
2024 · €444,916
Debt > 1 year
€134,489▼
2024 · €202,973
Income taxes
€335▲
2024 · €216
Staff costs
€486,602▼
2024 · €517,570
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 13 | 10 | 9 | 10 |
| full-time | 8 | 9 | 9 | 8 | 8 |
| part-time | 3 | 4 | 1 | 1 | 2 |
| in full-time equivalents | 9.8 | 11.2 | 9.4 | 8.4 | 8.9 |
| Average over the year, in full-time equivalents | 9.8 | 10.1 | 9.6 | 9.2 | 9.1 |
| On a permanent contract | 11 | 13 | 10 | 9 | 10 |
| Joined | 2 | 4 | 1 | 3 | 5 |
| Left | 2 | 2 | 4 | 4 | 4 |
| Training hours | - | - | - | 53 | 53 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €151,847 | €97,927 | €60,643 | - | - |
| Pledge on the business | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 |
| Pledge on other assets, amount secured | €256,513 | €256,513 | €141,290 | - | - |
| Carrying value of the other pledged assets | €111,194 | €88,063 | €61,267 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €96,706 | €106,151 | €44,147 | €222,247 | €58,909 |
| Financial fixed assets | €20,555 | - | €19,669 | - | €0 |
| Depreciation and write-downs of the year | €98,073 | €102,726 | €105,572 | €81,469 | €100,221 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €19,314 awarded · €19,314 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €8,359 | €8,359 |
| 2024 | 3 | €4,681 | €4,681 |
| 2023 | 1 | €3,790 | €3,790 |
| 2022 | 2 | €2,484 | €2,484 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1.5m | €1.5m | €1.4m | €1.6m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.9m | €0.9m | €0.8m | €0.9m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.1m | ▲ 23.0% |
| Other operating charges640/8 | - | - | - | €0.003m | €0.004m | €0.004m | €0.008m | €0.004m | ▼ 45.9% |
| Gross operating margin9900 | €0.7m | €0.7m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.6m | ▼ 17.5% |
| Operating profit (loss)9901 | €0.2m | €0.1m | €0.01m | €0.1m | €0.04m | €0.02m | €0.1m | -€0.002m | - |
| Financial income75/76B | - | - | - | €0.002m | €0.003m | €0.004m | €0.003m | €0.003m | ▼ 23.9% |
| Recurring financial income75 | €0.006m | €0.01m | €0.002m | €0.002m | €0.003m | €0.004m | €0.003m | €0.003m | ▼ 23.9% |
| Financial charges65/66B | - | - | - | €0.03m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 5.2% |
| Recurring financial charges65 | €0.04m | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.08m | -€0.02m | €0.1m | €0.02m | €427 | €0.08m | -€0.03m | - |
| Income taxes67/77 | €0.001m | €454 | €0.002m | €421 | €217 | €201 | €216 | €335 | ▲ 55.2% |
| Profit (loss) for the period9904 | €0.1m | €0.08m | -€0.02m | €0.1m | €0.02m | €226 | €0.08m | -€0.03m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.08m | -€0.02m | €0.1m | €0.02m | €226 | €0.08m | -€0.03m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €0.8m | €0.9m | €0.7m | €0.7m | €0.8m | €0.7m | ▼ 7.1% |
| Fixed assets21/28 | €0.6m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 18.1% |
| Intangible fixed assets21 | - | - | €0.005m | €0.003m | €0.001m | - | - | - | - |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | ▼ 12.3% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.03m | €0.03m | €0.03m | ▲ 0.2% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.004m | €0.006m | €0.003m | €0.04m | ▲ 15× |
| Leasing and similar rights25 | - | - | - | €0.07m | €0.06m | €0.04m | €0.2m | €0.2m | ▼ 27.0% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.08m | €0.1m | €0.09m | €0.07m | ▼ 21.5% |
| Financial fixed assets28 | €0.3m | €0.2m | €0.1m | €0.2m | €0.08m | €0.07m | €0.07m | €0.03m | ▼ 48.1% |
| Current assets29/58 | €0.4m | €0.5m | €0.4m | €0.5m | €0.4m | €0.5m | €0.4m | €0.4m | ▲ 4.3% |
| Stocks and contracts in progress3 | €0.04m | €0.04m | €0.04m | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | ▲ 15.5% |
| Stocks30/36 | - | - | - | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | ▲ 15.5% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 15.3% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 15.9% |
| Other amounts receivable41 | - | - | - | €141 | €0.001m | €192 | €0.001m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.04m | €0.09m | €0.09m | €0.09m | €0.05m | €0.06m | €0.07m | €0.04m | ▼ 36.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.009m | €0.009m | €0.01m | €0.009m | ▼ 35.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €0.8m | €0.9m | €0.7m | €0.7m | €0.8m | €0.7m | ▼ 7.1% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 19.9% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.07m | €0.04m | ▼ 42.3% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.08m | €0.06m | €0.03m | ▼ 47.8% |
| Profit (loss) carried forward14 | €47 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.8m | €0.8m | €0.6m | €0.7m | €0.5m | €0.6m | €0.7m | €0.6m | ▼ 4.3% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 33.7% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 33.7% |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.4m | €0.6m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.1m | €0.1m | ▲ 0.9% |
| Financial debts43 | - | - | - | €0.04m | €0.05m | €0.04m | €0.04m | €0.05m | ▲ 36.5% |
| Credit institutions430/8 | - | - | - | €0.04m | €0.05m | €0.04m | €0.04m | €0.05m | ▲ 36.5% |
| Trade debts44 | €0.2m | €0.3m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 10.7% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 10.7% |
| Bills of exchange payable441 | - | - | - | €0.1m | €0.05m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.06m | €0.08m | €0.06m | €0.06m | ▼ 13.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 37.4% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.04m | €0.06m | €0.05m | €0.04m | ▼ 3.3% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.07m | €0.07m | €0.1m | €0.1m | ▲ 19.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.009m | €0.002m | €0.002m | €0.001m | ▼ 62.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,043 | €81,148 | -€20,185 | €114,955 | €20,739 | €226 | €80,783 | -€27,713 | - |
| + Depreciation and write-downs630 | €113,904 | €105,576 | €104,406 | €98,073 | €102,726 | €105,572 | €81,469 | €100,221 | ▲ 23.0% |
| Operating cash flow (approximation) | €229,946 | €186,724 | €84,221 | €213,029 | €123,464 | €105,798 | €162,252 | €72,508 | ▼ 55.3% |
| Investment in fixed assets (approximation) | - | €8,888 | €24,500 | -€117,238 | -€13,943 | -€41,393 | -€214,020 | -€27,552 | ▲ 87.1% |
| Change in cash | - | €57,272 | €144 | -€3,598 | -€38,875 | €8,051 | €9,880 | -€25,402 | - |
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, 2,450 companies had the same profile as BASKERVILLE has now. Two years later, 93.2% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
93.2%
was still going
5.1%
stopped otherwise
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BASKERVILLE itself: 1.3% 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 2,450 companies, not a prediction for BASKERVILLE. 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.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-07-2026 | 2026-00316899 | |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00279299 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00169219 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00218273 | |
| 31-12-2021 | abbreviated format | 04-07-2022 | 2022-20122498 | |
| 31-12-2020 | abbreviated format | 23-06-2021 | 2021-22800500 | |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-33200355 | |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-26200382 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-51600135 | |
| 31-12-2016 | abbreviated format | 07-08-2017 | 2017-41100363 |