Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Of this, €596,074 falls due within a year.
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 5% of them on solvency, 6% on liquidity, 22% on profitability and 27% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,242 companies had the same profile as BATCO has now. Each dot stands for 4 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BATCO itself: 2.1% within 12 months.
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 1,242 companies, not a prediction for BATCO. 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.
Liquidity is tight, with a current ratio of 1.17 (1.22 in 2024), below the usual 1.5. Short-term debt is 85.2% and cash 0% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 99 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
BATCO files the abbreviated format. That format states no turnover. The gross margin rose from -€4,901 in 2006 to -€2,471 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
Total assets20/58 |
699,813 | 666,721 | 668,260 | 671,059 | 704,141 | 657,240 | 663,775 | 532,436 | 531,519 | 531,035 | 145,622 | 152,312 | 347,985 | 637,508 | 193,546 | 208,594 | 152,840 | 153,276 | 317,926 | 199,510 | |
Fixed assets21/28 |
330 | 330 | 330 | 330 | - | - | - | - | - | - | - | - | 92 | 470 | 7,080 | 1,251 | 1,169 | 25 | 25 | 19 | |
Tangible fixed assets22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | 92 | 470 | 7,055 | 1,227 | 1,144 | - | - | - | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | - | - | - | - | - | - | 92 | 401 | 710 | 1,227 | 1,144 | - | - | - | |
Furniture and vehicles24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 69 | 6,345 | - | - | - | - | - | |
Financial fixed assets28 |
330 | 330 | 330 | 330 | - | - | - | - | - | - | - | - | - | - | 25 | 25 | 25 | 25 | 25 | 19 | |
Current assets29/58 |
699,483 | 666,391 | 667,930 | 670,729 | 704,141 | 657,240 | 663,775 | 532,436 | 531,519 | 531,035 | 145,622 | 152,312 | 347,893 | 637,038 | 186,466 | 207,343 | 151,671 | 153,251 | 317,901 | 199,491 | |
Stocks and contracts in progress3 |
387,805 | 387,805 | 387,805 | 387,805 | 257,805 | 257,498 | 257,498 | 257,498 | 257,498 | 257,498 | - | - | 307,569 | 505,232 | 97,249 | - | - | - | 162,987 | 156,656 | |
Stocks30/36 |
387,805 | 387,805 | 387,805 | 387,805 | 257,805 | 257,498 | 257,498 | 257,498 | 257,498 | 257,498 | - | - | 307,569 | 505,232 | 97,249 | - | - | - | 162,987 | 156,656 | |
Amounts receivable within one year40/41 |
300,123 | 267,037 | 268,652 | 271,482 | 303,136 | 256,800 | 263,734 | 132,749 | 137,628 | 143,078 | 39,842 | 147,701 | 39,693 | 128,308 | 87,242 | 206,724 | 146,312 | 153,251 | 154,914 | 42,835 | |
Trade receivables40 |
6,414 | 6,414 | 6,414 | 750 | 22,084 | 22,084 | 22,084 | 22,084 | 22,084 | 22,084 | 24,109 | 24,334 | 35,208 | 102,088 | 86,348 | 170,997 | 69,556 | 77,420 | 4,602 | 4,602 | |
Other amounts receivable41 |
293,709 | 260,623 | 262,238 | 270,732 | 281,052 | 234,716 | 241,650 | 110,665 | 115,544 | 120,994 | 15,733 | 123,367 | 4,485 | 26,220 | 894 | 35,727 | 76,756 | 75,831 | 150,312 | 38,233 | |
Cash at bank and in hand54/58 |
117 | 111 | 35 | 4 | 2 | 2 | 11 | 6 | 11 | 214 | 319 | 315 | 303 | 3,116 | 1,975 | 619 | 5,359 | - | - | - | |
Deferred charges and accrued income490/1 |
11,438 | 11,438 | 11,438 | 11,438 | 143,198 | 142,940 | 142,533 | 142,183 | 136,382 | 130,246 | 105,461 | 4,296 | 328 | 382 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
Total equity and liabilities10/49 |
699,813 | 666,721 | 668,260 | 671,059 | 704,141 | 657,240 | 663,775 | 532,436 | 531,519 | 531,035 | 145,622 | 152,312 | 347,985 | 637,508 | 193,546 | 208,594 | 152,840 | 153,276 | 317,926 | 199,510 | |
Equity10/15 |
-204,902 | -190,378 | -151,932 | -106,583 | -36,953 | 9,600 | 56,920 | -39,241 | 8,551 | 55,229 | 72,010 | 79,833 | 102,183 | 101,067 | -66,308 | 42,571 | -24,534 | -20,376 | 20,170 | -87,024 | |
Contributions10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
Capital10 |
62,000 | 62,000 | - | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Issued capital100 |
62,000 | 62,000 | - | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
Reserves13 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 9,200 | 16,200 | 36,200 | 36,200 | - | - | - | - | - | - | |
Non-distributable reserves130/1 |
- | - | - | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | |
Distributable reserves133 |
6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | 3,000 | 10,000 | 30,000 | 30,000 | - | - | - | - | - | - | |
Profit (loss) carried forward14 |
-273,102 | -258,578 | -220,132 | -174,783 | -105,153 | -58,600 | -11,280 | -107,441 | -59,649 | -12,971 | 810 | 1,633 | 3,983 | 2,867 | -128,308 | -19,429 | -86,534 | -82,376 | -41,830 | -149,024 | |
Amounts payable17/49 |
904,715 | 857,099 | 820,192 | 777,643 | 741,094 | 647,640 | 606,856 | 571,677 | 522,968 | 475,806 | 73,612 | 72,479 | 245,802 | 536,441 | 259,854 | 166,023 | 177,374 | 173,652 | 297,756 | 286,534 | |
Amounts payable after more than one year17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 53,673 | - | - | 25,000 | 25,000 | |
Financial debts170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 53,673 | - | - | 25,000 | 25,000 | |
Amounts payable within one year42/48 |
596,074 | 548,458 | 536,577 | 531,798 | 530,694 | 477,157 | 477,227 | 482,909 | 475,191 | 468,918 | 72,788 | 71,695 | 233,012 | 529,062 | 259,854 | 111,850 | 176,374 | 173,652 | 272,756 | 261,534 | |
Current portion of amounts payable after more than one year42 |
195,762 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 45,000 | 45,000 | |
Financial debts43 |
27,996 | 29,995 | 404,996 | 410,000 | 410,065 | 430,046 | 431,172 | 431,187 | 431,161 | 431,143 | 27,434 | 28,164 | 30,873 | 291,440 | 31,392 | - | 12,500 | 12,362 | 11,652 | 12,468 | |
Credit institutions430/8 |
27,996 | 29,995 | 29,996 | 30,000 | 30,065 | 30,046 | 31,172 | 31,187 | 31,161 | 31,143 | 27,434 | 28,164 | 30,873 | 291,440 | 31,392 | - | 12,500 | 12,362 | 11,652 | 12,468 | |
Other loans439 |
- | - | 375,000 | 380,000 | 380,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | - | - | - | - | - | - | - | - | - | - | |
Trade debts44 |
93,711 | 93,359 | 85,970 | 86,207 | 87,875 | 14,357 | 13,301 | 18,968 | 15,526 | 14,288 | 19,733 | 18,694 | 118,308 | 89,628 | 116,251 | 107,359 | 118,086 | 109,378 | 87,089 | 112,124 | |
Suppliers440/4 |
93,711 | 93,359 | 85,970 | 86,207 | 87,875 | 14,357 | 13,301 | 18,968 | 15,526 | 14,288 | 19,733 | 18,694 | 118,308 | 89,628 | 116,251 | 107,359 | 118,086 | 109,378 | 87,089 | 112,124 | |
Taxes, remuneration and social security45 |
- | - | - | - | - | - | - | - | - | - | - | - | 22,127 | 22,127 | 3,555 | 4,491 | 6,100 | 971 | 958 | 871 | |
Taxes450/3 |
- | - | - | - | - | - | - | - | - | - | - | - | 22,127 | 22,127 | 3,555 | 4,491 | 6,100 | 971 | 958 | 871 | |
Other amounts payable47/48 |
278,605 | 425,103 | 45,612 | 35,592 | 32,754 | 32,754 | 32,754 | 32,754 | 28,504 | 23,488 | 25,621 | 24,837 | 61,704 | 125,867 | 108,656 | 0 | 39,688 | 50,941 | 128,057 | 91,071 | |
Accrued charges and deferred income492/3 |
308,641 | 308,641 | 283,615 | 245,844 | 210,399 | 170,483 | 129,629 | 88,768 | 47,777 | 6,888 | 824 | 784 | 12,790 | 7,379 | - | 500 | 1,000 | - | - | - | |
| Income statement | |||||||||||||||||||||
Gross operating margin9900 |
-2,471 | -8,189 | -2,088 | -644 | -2,620 | -3,192 | 142,183 | -7,158 | -7,234 | -4,556 | -4,639 | -28,415 | 33,010 | 222,116 | -65,355 | 109,458 | -1,806 | -6,786 | 109,059 | -4,901 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | - | - | - | - | - | - | - | - | 92 | 378 | 378 | 3,263 | 378 | 286 | - | - | - | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | - | - | 22,084 | - | - | - | - | - | - | - | - | - | - | 35,000 | 40,000 | - | 31,397 | - | - | |
Other operating charges640/8 |
745 | 925 | 1,188 | 1,005 | 55 | 565 | 1,260 | 453 | 526 | 611 | 2,975 | 625 | 775 | 922 | 3,028 | 920 | 485 | 1,384 | 618 | 1,072 | |
Non-recurring operating charges66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,207 | - | - | - | - | - | - | |
Operating profit (loss)9901 |
-3,216 | -9,114 | -3,277 | -23,733 | -2,675 | -3,757 | 140,923 | -7,610 | -7,760 | -5,167 | -7,614 | -29,132 | 31,857 | 220,816 | -106,646 | 68,160 | -2,577 | -39,567 | 108,441 | -5,973 | |
Financial income75/76B |
- | - | - | 285 | 258 | 406 | 350 | 5,801 | 6,136 | 246 | 5,461 | 16,267 | 328 | 411 | 58 | 153 | 10 | 401 | - | - | |
Recurring financial income75 |
- | - | - | 285 | 258 | 406 | 350 | 5,801 | 6,136 | 246 | 5,461 | 16,267 | 328 | 411 | 58 | 153 | 10 | 401 | - | - | |
Financial charges65/66B |
11,308 | 29,332 | 42,072 | 46,182 | 44,136 | 43,969 | 45,112 | 45,983 | 45,054 | 11,860 | 5,670 | 9,193 | 31,069 | 30,513 | 2,291 | 1,205 | 1,590 | 1,380 | 1,247 | 2,852 | |
Recurring financial charges65 |
11,308 | 29,332 | 42,072 | 46,182 | 44,136 | 43,969 | 45,112 | 45,983 | 45,054 | 11,860 | 5,670 | 9,193 | 31,069 | 30,513 | 2,291 | 1,205 | 1,590 | 1,380 | 1,247 | 2,852 | |
Profit (loss) for the period before taxes9903 |
-14,524 | -38,446 | -45,349 | -69,631 | -46,552 | -47,320 | 96,161 | -47,792 | -46,678 | -16,781 | -7,823 | -22,058 | 1,116 | 189,507 | -108,879 | 67,108 | -4,157 | -40,546 | 107,194 | -8,825 | |
Income taxes67/77 |
- | - | - | - | - | - | - | - | - | - | - | 292 | - | 22,132 | - | 3 | 1 | - | - | - | |
Profit (loss) for the period9904 |
-14,524 | -38,446 | -45,349 | -69,631 | -46,552 | -47,320 | 96,161 | -47,792 | -46,678 | -16,781 | -7,823 | -22,350 | 1,116 | 167,375 | -108,879 | 67,105 | -4,158 | -40,546 | 107,194 | -8,825 | |
Profit (loss) for the period to be appropriated9905 |
-14,524 | -38,446 | -45,349 | -69,631 | -46,552 | -47,320 | 96,161 | -47,792 | -46,678 | -16,781 | -7,823 | -22,350 | 1,116 | 167,375 | -108,879 | 67,105 | -4,158 | -40,546 | 107,194 | -8,825 | |
| Appropriation of the result | |||||||||||||||||||||
Profit (loss) to be appropriated9906 |
-273,102 | -258,578 | -220,132 | -174,783 | -105,153 | -58,600 | -11,280 | -107,441 | -59,649 | -15,971 | -6,190 | -18,367 | 3,983 | 39,067 | -128,308 | -19,429 | -86,534 | -82,376 | -41,830 | -149,024 | |
Profit (loss) brought forward from the previous period14P |
-258,578 | -220,132 | -174,783 | -105,153 | -58,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer from equity791/2 |
- | - | - | - | - | - | - | - | - | 3,000 | 7,000 | 20,000 | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 36,200 | - | - | - | - | - | - | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 6,200 | - | - | - | - | - | - | |
To other reserves6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 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 15-09-2026.
2025 annual accounts filed 46 days after the deadline. Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520092.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-09-2026 | 2026-00520092 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00509473 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00499477 | |
| 31-12-2022 | micro format | 28-09-2023 | 2023-00457549 | |
| 31-12-2021 | micro format | 31-12-2022 | 2022-20550278 | |
| 31-12-2020 | micro format | 29-12-2021 | 2021-81900491 | |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77500425 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-77800122 | |
| 31-12-2017 | micro format | 31-12-2019 | 2019-77800121 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-52200533 | |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-53900044 | |
| 31-12-2014 | abbreviated format | 25-08-2015 | 2015-50700525 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-49900314 | |
| 31-12-2012 | abbreviated format | 15-04-2013 | 2013-08800186 | |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-47800037 | |
| 31-12-2010 | abbreviated format | 21-07-2011 | 2011-32200304 | |
| 31-12-2009 | abbreviated format | 19-10-2010 | 2010-58100413 | |
| 31-12-2008 | abbreviated format | 31-12-2009 | 2009-91500263 | |
| 31-12-2007 | abbreviated format | 30-07-2008 | 2008-48500177 | |
| 31-12-2006 | abbreviated format | 30-07-2008 | 2008-48500154 | |
| 31-12-2005 | abbreviated format | 30-10-2006 | 2006-85800861 | |
| 31-12-2004 | abbreviated format | 30-09-2005 | 2005-78004560 | |
| 31-12-2003 | abbreviated format | 29-10-2004 | 2004-76603606 | |
| 31-12-2002 | abbreviated format | 23-12-2003 | 2003-85200856 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | -29,040 | 32,235 | 221,194 | -103,383 | 68,538 | -2,291 | - | - | - | |
| Cash flow | - | - | - | - | - | - | - | - | - | - | - | -22,258 | 1,494 | 167,753 | -105,616 | 67,483 | -3,872 | - | - | - | |
| Investment in fixed assets (approximation) | - | - | - | 330 | - | - | - | - | - | - | - | 0 | 0 | -6,232 | 9,092 | 460 | 1,430 | - | 6 | - | |
| Change in cash | 7 | 76 | 31 | 2 | 0 | -8 | 4 | -5 | -202 | -105 | 4 | 12 | -2,813 | 1,141 | 1,356 | -4,740 | - | - | - | - | |
| Working capital | 103,409 | 117,933 | 131,353 | 138,931 | 173,447 | 180,082 | 186,548 | 49,527 | 56,329 | 62,117 | 72,834 | 80,617 | 114,881 | 107,976 | -73,388 | 95,493 | -24,703 | -20,401 | 45,145 | -62,043 | |
| Solvency | -29.3% | -28.6% | -22.7% | -15.9% | -5.2% | 1.5% | 8.6% | -7.4% | 1.6% | 10.4% | 49.4% | 52.4% | 29.4% | 15.9% | -34.3% | 20.4% | -16.1% | -13.3% | 6.3% | -43.6% | |
| Current ratio | 1.17 | 1.22 | 1.24 | 1.26 | 1.33 | 1.38 | 1.39 | 1.10 | 1.12 | 1.13 | 2.00 | 2.12 | 1.49 | 1.20 | 0.72 | 1.85 | 0.86 | 0.88 | 1.17 | 0.76 | |
| Quick ratio | 0.52 | 0.51 | 0.52 | 0.53 | 0.84 | 0.84 | 0.85 | 0.57 | 0.58 | 0.58 | 2.00 | 2.12 | 0.17 | 0.25 | 0.34 | 1.85 | 0.86 | 0.88 | 0.57 | 0.16 | |
| Debt to equity | - | - | - | - | - | 67.46 | 10.66 | - | 61.16 | 8.62 | 1.02 | 0.91 | 2.41 | 5.31 | - | 3.90 | - | - | 14.76 | - | |
| ROE | - | - | - | - | - | -492.9% | 168.9% | - | -545.8% | -30.4% | -10.9% | -28.0% | 1.1% | 165.6% | - | 157.6% | - | - | 531.5% | - | |
| ROA | -2.1% | -5.8% | -6.8% | -10.4% | -6.6% | -7.2% | 14.5% | -9.0% | -8.8% | -3.2% | -5.4% | -14.7% | 0.3% | 26.3% | -56.3% | 32.2% | -2.7% | -26.5% | 33.7% | -4.4% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | €330 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €3,216, smaller than the loss of €9,114 in 2024.
Equity is negative. Debt (€904,715) exceeds the balance-sheet total (€699,813).
BATCO has no parent and no holdings in its annual accounts. Ulrik Willems is the only director. BATCO shares no director with another company.
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| Investeringsmaatschappij Mella
registered office since 01-10-1974 · founded in 1974 |
total assets €1.8m (2025) 0414.534.547 |
| SEEBA WINDPARK BVBA
registered office since 13-06-2003 · founded in 2003 |
turnover €684,966 (2025) 0863.595.453 |
| d-teach online training
registered office since 08-08-2012 · founded in 2012 |
total assets €1.4m (2025) 0847.829.785 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Franklin Rooseveltlaan 349 registered office 9000 Ghent 4100102 General construction of residential buildings | 25-07-2001 | 2.116.392.223 |
| 02-03-2026 | Granted | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 25-12-2025 · project 2025157538 | Pajottegem |
| 20-11-2025 | Refused | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen submitted 06-05-2025 · project 2025055054 | Provincie Vlaams-Brabant |
| 09-01-2025 | Refused | Bouwen of herbouwen submitted 02-02-2024 · project 2024012816 | Provincie Vlaams-Brabant |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44804D2709/00K008 | 740 m² | 1 · 611 m² | 29.0 m · 9 |
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