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Bat Concept Construct

Active
Private limited companyfounded 2024active for 2 yearsKoningin Astridstraat 48, 1730 Asse, BelgiumKBO/BCE: BE 1015.197.644

Financials · financial year 2025, micro format

2025 annual accounts filed 77 days after the deadline Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564404.

Annual accounts 2025 filed on 16-10-2026 at the NBB

Turnover
≈ €160,000
Estimated: probably between €110,000 and €340,000
Total assets
€23,895
Net result
€15,530
Working capital
€14,871

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
Assets €23,895
Fixed assets €659
Current assets €23,236
Equity and liabilities €23,895
Equity €15,530
Debt €8,365
Debt's share of the balance-sheet total is 35.0%.
Key figures and ratios
2025 value
EBITDA
€19,807
Cash flow
€15,750
Current ratio
2.78
Debt to equity
0.54
ROE
100.0%
ROA
65.0%
Interest coverage
over 100
Debt ≤ 1 year
€8,365
Income taxes
€3,937

Investments

fixed assets acquired
Item2025
Tangible fixed assets€879
Depreciation and write-downs of the year€220

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€23,895
Fixed assets21/28€659
Tangible fixed assets22/27€659
Furniture and vehicles24€659
Current assets29/58€23,236
Amounts receivable within one year40/41€11,476
Trade receivables40€9,404
Other amounts receivable41€2,072
Cash at bank and in hand54/58€11,760
Equity and liabilities
Total equity and liabilities10/49€23,895
Equity10/15€15,530
Profit (loss) carried forward14€15,530
Amounts payable17/49€8,365
Amounts payable within one year42/48€8,365
Trade debts44€4,428
Suppliers440/4€4,428
Taxes, remuneration and social security45€3,937
Taxes450/3€3,937
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220
Other operating charges640/8€40
Gross operating margin9900€19,847
Operating profit (loss)9901€19,587
Financial income75/76B€56
Recurring financial income75€56
Financial charges65/66B€177
Recurring financial charges65€177
Profit (loss) for the period before taxes9903€19,467
Income taxes67/77€3,937
Profit (loss) for the period9904€15,530
Profit (loss) for the period to be appropriated9905€15,530
Appropriation of the result
Profit (loss) to be appropriated9906€15,530

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 16-10-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220
Other operating charges640/8€40
Gross operating margin9900€19,847
Operating profit (loss)9901€19,587
Financial income75/76B€56
Recurring financial income75€56
Financial charges65/66B€177
Recurring financial charges65€177
Profit (loss) for the period before taxes9903€19,467
Income taxes67/77€3,937
Profit (loss) for the period9904€15,530
Profit (loss) for the period to be appropriated9905€15,530
Line2025
Assets
Total assets20/58€23,895
Fixed assets21/28€659
Tangible fixed assets22/27€659
Furniture and vehicles24€659
Current assets29/58€23,236
Amounts receivable within one year40/41€11,476
Trade receivables40€9,404
Other amounts receivable41€2,072
Cash at bank and in hand54/58€11,760
Equity and liabilities
Total equity and liabilities10/49€23,895
Equity10/15€15,530
Profit (loss) carried forward14€15,530
Amounts payable17/49€8,365
Amounts payable within one year42/48€8,365
Trade debts44€4,428
Suppliers440/4€4,428
Taxes, remuneration and social security45€3,937
Taxes450/3€3,937
Line2025
Profit (loss) for the period9904€15,530
+ Depreciation and write-downs630€220
Operating cash flow (approximation)€15,750

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 39,278 companies had the same profile as Bat Concept Construct 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
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Bat Concept Construct itself: 1.2% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 Bat Concept Construct. 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 (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 16-10-2026 2026-00564404 PDF

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