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BATBIX

Active
Private limited companyfounded 2025active for 1 yearHeidelbergstraat 95, 8200 Brugge, BelgiumKBO/BCE: BE 1018.394.882

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-06-2026 at the NBB

Turnover
≈ €140,000
Estimated: probably between €91,000 and €370,000
Total assets
€92,320
Net result
€18,952
Working capital
€10,689

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 €91,521
Fixed assets €59,651
Current assets €31,870
Equity and liabilities €92,320
Equity €21,352
Debt €70,968
Debt's share of the balance-sheet total is 76.9%.
Key figures and ratios
2025 value
EBITDA
€32,633
Cash flow
€25,756
Current ratio
1.50
Debt to equity
3.32
ROE
88.8%
ROA
20.5%
Interest coverage
31.57
Debt ≤ 1 year
€21,181
Debt > 1 year
€49,787
Income taxes
€5,776

Investments

fixed assets acquired
Item2025
Tangible fixed assets€66,056
Depreciation and write-downs of the year€6,804

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

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€92,320
Formation expenses20€799
Fixed assets21/28€59,651
Tangible fixed assets22/27€59,651
Plant, machinery and equipment23€693
Furniture and vehicles24€58,958
Current assets29/58€31,870
Amounts receivable within one year40/41€17,504
Trade receivables40€17,273
Other amounts receivable41€231
Cash at bank and in hand54/58€13,527
Deferred charges and accrued income490/1€839
Equity and liabilities
Total equity and liabilities10/49€92,320
Equity10/15€21,352
Contributions10/11€2,400
Profit (loss) carried forward14€18,952
Amounts payable17/49€70,968
Amounts payable after more than one year17€49,787
Financial debts170/4€49,787
Amounts payable within one year42/48€21,181
Current portion of amounts payable after more than one year42€8,034
Trade debts44€3,630
Suppliers440/4€3,630
Taxes, remuneration and social security45€3,694
Taxes450/3€3,694
Other amounts payable47/48€5,823
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,804
Other operating charges640/8€559
Gross operating margin9900€33,192
Operating profit (loss)9901€25,829
Financial charges65/66B€1,102
Recurring financial charges65€1,034
Non-recurring financial charges66B€68
Profit (loss) for the period before taxes9903€24,728
Income taxes67/77€5,776
Profit (loss) for the period9904€18,952
Profit (loss) for the period to be appropriated9905€18,952
Appropriation of the result
Profit (loss) to be appropriated9906€18,952

The notes to these accounts have 6 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 23-06-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,804
Other operating charges640/8€559
Gross operating margin9900€33,192
Operating profit (loss)9901€25,829
Financial charges65/66B€1,102
Recurring financial charges65€1,034
Non-recurring financial charges66B€68
Profit (loss) for the period before taxes9903€24,728
Income taxes67/77€5,776
Profit (loss) for the period9904€18,952
Profit (loss) for the period to be appropriated9905€18,952
Line2025
Assets
Total assets20/58€92,320
Formation expenses20€799
Fixed assets21/28€59,651
Tangible fixed assets22/27€59,651
Plant, machinery and equipment23€693
Furniture and vehicles24€58,958
Current assets29/58€31,870
Amounts receivable within one year40/41€17,504
Trade receivables40€17,273
Other amounts receivable41€231
Cash at bank and in hand54/58€13,527
Deferred charges and accrued income490/1€839
Equity and liabilities
Total equity and liabilities10/49€92,320
Equity10/15€21,352
Contributions10/11€2,400
Profit (loss) carried forward14€18,952
Amounts payable17/49€70,968
Amounts payable after more than one year17€49,787
Financial debts170/4€49,787
Amounts payable within one year42/48€21,181
Current portion of amounts payable after more than one year42€8,034
Trade debts44€3,630
Suppliers440/4€3,630
Taxes, remuneration and social security45€3,694
Taxes450/3€3,694
Other amounts payable47/48€5,823
Line2025
Profit (loss) for the period9904€18,952
+ Depreciation and write-downs630€6,804
Operating cash flow (approximation)€25,756

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, 2,390 companies had the same profile as BATBIX has now. Two years later, 96.7% were still going and 1.2% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
96.7% was still going
2.0% stopped otherwise
1.2% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of BATBIX itself is higher: 1.7% within 12 months. It rests on far more data about BATBIX 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.

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 2,390 companies, not a prediction for BATBIX. 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 23-06-2026 2026-00218758 PDF

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