BASTAMI
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00475885.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 33 filings
Equity
€129,094▼ 13.1%
2024 · €148,481
Total assets
€129,451▼ 32.5%
2024 · €191,872
Net result
-€19,387
2024 · €21,736
Working capital
€128,309▼ 12.8%
2024 · €147,215
In the rankings
#5 oldest company in Court-Saint-Etienne, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€11,868
2025
20182025
Net result
-€19,387
2025
lowest quarter of the sector
20182025
Equity
€129,094
▼ 13.1%
2025
middle half of the sector
20182025
Total assets
€129,451
▼ 32.5%
2025
middle half of the sector
20182025
Debt
€356
▼ 99.2%
2025
20182025
Working capital
€128,309
▼ 12.8%
2025
highest quarter of the sector
20182025
Solvency
99.7%
▲ 22.3pp
2025
highest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
-15.0%
▼ 26.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€8,250-€1,258▼ 84.8%-€6,239€86-€3,252-€3,859▼ 18.7%€15,337-€11,868
Net result€7,893-€2,607▼ 67.0%€3,281within the sector's middle half▲ 25.9%€26,197within the sector's middle half▲ 698%-€1,365within the sector's middle half€5,936within the sector's middle half€21,736within the sector's middle half▲ 266%-€19,387below the sector's middle half
Equity€90,089-€92,696▲ 2.9%€95,977within the sector's middle half▲ 3.5%€122,174within the sector's middle half▲ 27.3%€120,809within the sector's middle half▼ 1.1%€126,745above the sector's middle half▲ 4.9%€148,481above the sector's middle half▲ 17.1%€129,094within the sector's middle half▼ 13.1%
Total assets€129,293-€157,176▲ 21.6%€153,979within the sector's middle half▼ 2.0%€162,719within the sector's middle half▲ 5.7%€158,352within the sector's middle half▼ 2.7%€207,369within the sector's middle half▲ 31.0%€191,872within the sector's middle half▼ 7.5%€129,451within the sector's middle half▼ 32.5%
Debt€39,204-€64,480▲ 64.5%€58,002▼ 10.0%€40,545▼ 30.1%€37,543▼ 7.4%€80,624▲ 115%€43,391▼ 46.2%€356▼ 99.2%
Working capital€81,083-€70,050▼ 13.6%€78,970above the sector's middle half▲ 12.7%€110,069above the sector's middle half▲ 39.4%€110,996above the sector's middle half▲ 0.8%€122,241above the sector's middle half▲ 10.1%€147,215above the sector's middle half▲ 20.4%€128,309above the sector's middle half▼ 12.8%
Solvency69.7%-59.0%▼ 10.7pp62.3%above the sector's middle half▲ 3.4pp75.1%above the sector's middle half▲ 12.8pp76.3%above the sector's middle half▲ 1.2pp61.1%above the sector's middle half▼ 15.2pp77.4%above the sector's middle half▲ 16.3pp99.7%above the sector's middle half▲ 22.3pp
Current ratio5.40-3.61▼ 1.783.70above the sector's middle half▲ 0.096.31above the sector's middle half▲ 2.605.13above the sector's middle half▼ 1.172.57above the sector's middle half▼ 2.564.39above the sector's middle half▲ 1.82
Return on assets (ROA)6.1%-1.7%▼ 4.4pp2.1%within the sector's middle half▲ 0.5pp16.1%above the sector's middle half▲ 14.0pp-0.9%within the sector's middle half▼ 17.0pp2.9%within the sector's middle half▲ 3.7pp11.3%within the sector's middle half▲ 8.5pp-15.0%below the sector's middle half▼ 26.3pp
Staff (FTE)0.3
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). 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 €11,868, after a profit of €15,337 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,451
Fixed assets
€785 ▼ 38.0%
Current assets
€128,665 ▼ 32.5%
Equity and liabilities €129,451
Equity
€129,094 ▼ 13.1%
Debt
€356 ▼ 99.2%
Debt's share of the balance-sheet total falls from 22.6% to 0.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,524▼
2024 · €16,015
Cash flow
-€19,042▼
2024 · €22,414
Debt to equity
0.00▼
2024 · 0.29
ROE
-15.0%▼
2024 · 14.6%
Interest coverage
-1.21▼
2024 · 14.04
Debt ≤ 1 year
€356▼
2024 · €43,391
Income taxes
€0▼
2024 · €2,160
A ratio outside any meaningful range has been withheld (balance sheet total €129,451, equity €129,094).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 |
|---|---|
| Average over the year, in full-time equivalents | 0.3 |
| Joined | 56 |
| Left | 57 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,722 | - | - | - |
| Depreciation and write-downs of the year | €13,901 | €14,132 | €13,162 | €678 | €344 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €299 | €313 | €2,041 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,222 | €9,187 | €14,725 | €13,901 | €14,132 | €13,162 | €678 | €344 | ▼ 49.2% |
| Other operating charges640/8 | - | - | - | €546 | €546 | €1,000 | €8,013 | €400 | ▼ 95.0% |
| Gross operating margin9900 | €13,786 | €13,140 | €9,731 | €14,833 | €11,740 | €12,344 | €24,028 | -€11,124 | - |
| Operating profit (loss)9901 | €8,250 | €1,258 | -€6,239 | €86 | -€3,252 | -€3,859 | €15,337 | -€11,868 | - |
| Financial income75/76B | - | - | - | €30,019 | €2,606 | €11,121 | €9,700 | €2,011 | ▼ 79.3% |
| Recurring financial income75 | €364 | €2,639 | €10,517 | €30,019 | €2,606 | €11,121 | €9,700 | €2,011 | ▼ 79.3% |
| Financial charges65/66B | - | - | - | €809 | €719 | €737 | €1,141 | €9,530 | ▲ 735% |
| Recurring financial charges65 | €376 | €844 | €887 | €809 | €719 | €737 | €1,141 | €9,530 | ▲ 735% |
| Profit (loss) for the period before taxes9903 | €8,238 | €3,053 | €3,390 | €29,297 | -€1,365 | €6,526 | €23,896 | -€19,387 | - |
| Income taxes67/77 | €345 | €446 | €109 | €3,100 | €0 | €590 | €2,160 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7,893 | €2,607 | €3,281 | €26,197 | -€1,365 | €5,936 | €21,736 | -€19,387 | - |
| Profit (loss) for the period to be appropriated9905 | €7,893 | €2,607 | €3,281 | €26,197 | -€1,365 | €5,936 | €21,736 | -€19,387 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €129,293 | €157,176 | €153,979 | €162,719 | €158,352 | €207,369 | €191,872 | €129,451 | ▼ 32.5% |
| Fixed assets21/28 | €29,768 | €60,326 | €45,807 | €31,906 | €20,496 | €7,335 | €1,266 | €785 | ▼ 38.0% |
| Tangible fixed assets22/27 | €29,471 | €60,029 | €45,509 | €31,608 | €20,199 | €7,037 | €969 | €488 | ▼ 49.6% |
| Plant, machinery and equipment23 | - | - | - | €10,378 | €4,638 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €21,230 | €15,561 | €7,037 | €969 | €488 | ▼ 49.6% |
| Financial fixed assets28 | €297 | €297 | €297 | €297 | €297 | €297 | €297 | €297 | = |
| Current assets29/58 | €99,525 | €96,849 | €108,172 | €130,813 | €137,856 | €200,034 | €190,606 | €128,665 | ▼ 32.5% |
| Stocks and contracts in progress3 | €469 | €245 | €137 | €153 | €171 | €219 | €0 | - | - |
| Stocks30/36 | - | - | - | €153 | €171 | €219 | €0 | - | - |
| Amounts receivable within one year40/41 | €72,459 | €67,935 | €67,803 | €26,861 | €35,466 | €58,526 | €58,752 | €21,225 | ▼ 63.9% |
| Trade receivables40 | - | - | - | €46 | €6,858 | €29,583 | €37,536 | €74 | ▼ 99.8% |
| Other amounts receivable41 | - | - | - | €26,816 | €28,608 | €28,944 | €21,216 | €21,151 | ▼ 0.3% |
| Current investments50/53 | €19,826 | €22,381 | €24,808 | €87,763 | €90,056 | €100,660 | €109,812 | €101,986 | ▼ 7.1% |
| Cash at bank and in hand54/58 | €5,983 | €5,681 | €14,354 | €14,891 | €11,623 | €39,774 | €21,549 | €5,454 | ▼ 74.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,145 | €541 | €854 | €493 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €129,293 | €157,176 | €153,979 | €162,719 | €158,352 | €207,369 | €191,872 | €129,451 | ▼ 32.5% |
| Equity10/15 | €90,089 | €92,696 | €95,977 | €122,174 | €120,809 | €126,745 | €148,481 | €129,094 | ▼ 13.1% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €6,046 | €6,046 | €11,046 | €37,046 | €37,046 | €42,946 | €64,546 | €64,546 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €35,187 | €35,187 | €41,087 | €62,687 | €62,687 | = |
| Profit (loss) carried forward14 | €65,451 | €68,058 | €66,339 | €66,536 | €65,171 | €65,207 | €65,343 | €45,956 | ▼ 29.7% |
| Amounts payable17/49 | €39,204 | €64,480 | €58,002 | €40,545 | €37,543 | €80,624 | €43,391 | €356 | ▼ 99.2% |
| Amounts payable after more than one year17 | €20,762 | €37,680 | €28,799 | €19,801 | €10,684 | €2,831 | €0 | - | - |
| Financial debts170/4 | - | - | - | €19,801 | €10,684 | €2,831 | €0 | - | - |
| Amounts payable within one year42/48 | €18,442 | €26,799 | €29,202 | €20,744 | €26,860 | €77,793 | €43,391 | €356 | ▼ 99.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,998 | €9,118 | €7,852 | €2,831 | €0 | ▼ 100% |
| Trade debts44 | €424 | €590 | €515 | €350 | €4,403 | €34,219 | €880 | €356 | ▼ 59.5% |
| Suppliers440/4 | - | - | - | €350 | €4,403 | €34,219 | €880 | €356 | ▼ 59.5% |
| Advances received on contracts in progress46 | - | - | - | €172 | €7,277 | €0 | €39,680 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €12 | €0 | €590 | €0 | - | - |
| Taxes450/3 | - | - | - | €12 | €0 | €590 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €11,212 | €6,062 | €35,132 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,893 | €2,607 | €3,281 | €26,197 | -€1,365 | €5,936 | €21,736 | -€19,387 | - |
| + Depreciation and write-downs630 | €2,222 | €9,187 | €14,725 | €13,901 | €14,132 | €13,162 | €678 | €344 | ▼ 49.2% |
| Operating cash flow (approximation) | €10,116 | €11,794 | €18,007 | €40,097 | €12,767 | €19,097 | €22,414 | -€19,042 | - |
| Investment in fixed assets (approximation) | - | -€39,745 | -€206 | €0 | -€2,722 | €0 | €5,391 | €136 | ▼ 97.5% |
| Change in cash | - | -€302 | €8,672 | €537 | -€3,268 | €28,151 | -€18,226 | -€16,095 | ▲ 11.7% |
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, 5,831 companies had the same profile as BASTAMI has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BASTAMI itself: 1.8% 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 5,831 companies, not a prediction for BASTAMI. 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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00475885 | |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00387266 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00372858 | |
| 31-12-2022 | micro format | 14-06-2023 | 2023-00129868 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20157069 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27800344 | |
| 31-12-2019 | micro format | 22-09-2020 | 2020-54900328 | |
| 31-12-2018 | micro format | 24-08-2019 | 2019-52500263 | |
| 31-12-2017 | micro format | 16-06-2018 | 2018-19600415 | |
| 31-12-2016 | micro format | 06-06-2017 | 2017-15000532 |