BATI CENTRE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 8 filings
Turnover
≈ €390,000
Estimated: probably between €280,000 and €600,000
EBIT margin
Not included in this filing
Net result
€5,442▼ 35.7%
2024 · €8,460
Working capital
€175,504▼ 30.2%
2024 · €251,440
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€20,325
▼ 1.1%
2025
20192025
Net result
€5,442
▼ 35.7%
2025
middle half of the sector
20192025
Equity
€189,506
▲ 3.0%
2025
highest quarter of the sector
20192025
Total assets
€382,385
▼ 15.6%
2025
highest quarter of the sector
20192025
Debt
€192,879
▼ 28.3%
2025
20192025
Working capital
€175,504
▼ 30.2%
2025
highest quarter of the sector
20192025
Solvency
49.6%
▲ 8.9pp
2025
middle half of the sector
20192025
Current ratio
2.16
▼ 0.56
2025
middle half of the sector
20192025
Return on assets (ROA)
1.4%
▼ 0.4pp
2025
middle half of the sector
20192025
Staff (FTE)
2
▼ 59.2%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€55,414-€41,165▼ 25.7%€39,266▼ 4.6%€53,247▲ 35.6%€89,875▲ 68.8%€20,553▼ 77.1%€20,325▼ 1.1%
Net result€43,401-€23,381within the sector's middle half▼ 46.1%€22,055within the sector's middle half▼ 5.7%€24,947within the sector's middle half▲ 13.1%€54,451within the sector's middle half▲ 118%€8,460within the sector's middle half▼ 84.5%€5,442within the sector's middle half▼ 35.7%
Equity€50,770-€74,151within the sector's middle half▲ 46.1%€96,206within the sector's middle half▲ 29.7%€121,153within the sector's middle half▲ 25.9%€175,604within the sector's middle half▲ 44.9%€184,064above the sector's middle half▲ 4.8%€189,506above the sector's middle half▲ 3.0%
Total assets€86,272-€216,142within the sector's middle half▲ 151%€194,962below the sector's middle half▼ 9.8%€375,116within the sector's middle half▲ 92.4%€461,149within the sector's middle half▲ 22.9%€453,195above the sector's middle half▼ 1.7%€382,385above the sector's middle half▼ 15.6%
Debt€35,502-€141,991▲ 300%€98,756▼ 30.4%€253,963▲ 157%€285,545▲ 12.4%€269,131▼ 5.7%€192,879▼ 28.3%
Working capital€44,365-€62,064within the sector's middle half▲ 39.9%€83,842within the sector's middle half▲ 35.1%€63,489within the sector's middle half▼ 24.3%€98,660within the sector's middle half▲ 55.4%€251,440above the sector's middle half▲ 155%€175,504above the sector's middle half▼ 30.2%
Solvency58.8%-34.3%within the sector's middle half▼ 24.5pp49.3%within the sector's middle half▲ 15.0pp32.3%within the sector's middle half▼ 17.0pp38.1%within the sector's middle half▲ 5.8pp40.6%within the sector's middle half▲ 2.5pp49.6%within the sector's middle half▲ 8.9pp
Current ratio2.25-1.44within the sector's middle half▼ 0.811.85within the sector's middle half▲ 0.411.36within the sector's middle half▼ 0.491.55within the sector's middle half▲ 0.192.72within the sector's middle half▲ 1.172.16within the sector's middle half▼ 0.56
Return on assets (ROA)50.3%-10.8%above the sector's middle half▼ 39.5pp11.3%above the sector's middle half▲ 0.5pp6.7%within the sector's middle half▼ 4.7pp11.8%above the sector's middle half▲ 5.2pp1.9%within the sector's middle half▼ 9.9pp1.4%within the sector's middle half▼ 0.4pp
Staff (FTE)1.9below the sector's middle half5.1within the sector's middle half▲ 168%5within the sector's middle half▼ 2.0%4.9▼ 2.0%2▼ 59.2%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). 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 1% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382,385
Fixed assets
€55,867 ▲ 0.5%
Current assets
€326,518 ▼ 17.9%
Equity and liabilities €382,385
Equity
€189,506 ▲ 3.0%
Debt
€192,879 ▼ 28.3%
Debt's share of the balance-sheet total falls from 59.4% to 50.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,236▼
2024 · €23,494
Cash flow
€7,353▼
2024 · €11,401
Quick ratio
2.06▼
2024 · 2.33
Debt to equity
1.02▼
2024 · 1.46
ROE
2.9%▼
2024 · 4.6%
Interest coverage
1.42▼
2024 · 2.40
Debt ≤ 1 year
€151,013▲
2024 · €146,183
Debt > 1 year
€41,866▼
2024 · €122,948
Income taxes
€887▼
2024 · €2,298
Staff costs
€96,582▼
2024 · €166,487
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 9 | 8 | 3 | 3 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 7 | 8 | 7 | 2 | 2 |
| in full-time equivalents | 4.5 | 5.1 | 4.5 | 2 | 2 |
| Average over the year, in full-time equivalents | 1.9 | 5.1 | 5 | 3.4 | 2 |
| On a permanent contract | 3 | 3 | 2 | 2 | 2 |
| Joined | 9 | 0 | 4 | 2 | 2 |
| Left | 1 | 1 | 4 | 7 | 2 |
| Training hours | - | - | - | 32 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | €10,798 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €81,524 | €112,026 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,235 | €130,195 | €56,906 | €5,529 | €2,206 |
| Depreciation and write-downs of the year | €6,998 | €8,069 | €7,237 | €2,941 | €1,911 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €243 | €82 | €0 | €32,930 | €1 | ▼ 100.0% |
| Remuneration, social security and pensions62 | - | - | €94,203 | €194,614 | €214,011 | €166,487 | €96,582 | ▼ 42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,978 | €5,332 | €6,998 | €8,069 | €7,237 | €2,941 | €1,911 | ▼ 35.0% |
| Other operating charges640/8 | - | - | €944 | €3,414 | €1,432 | €1,173 | €250 | ▼ 78.7% |
| Non-recurring operating charges66A | - | - | €53 | €77 | €783 | €232 | €1 | ▼ 99.4% |
| Gross operating margin9900 | €58,740 | €90,623 | €141,464 | €259,421 | €313,338 | €191,386 | €119,069 | ▼ 37.8% |
| Operating profit (loss)9901 | €55,414 | €41,165 | €39,266 | €53,247 | €89,875 | €20,553 | €20,325 | ▼ 1.1% |
| Financial income75/76B | - | - | €2,888 | €1,074 | - | - | €1,809 | - |
| Recurring financial income75 | €0 | €185 | €2,888 | €1,074 | - | - | €1,809 | - |
| Financial charges65/66B | - | - | €12,099 | €16,465 | €15,424 | €9,795 | €15,805 | ▲ 61.4% |
| Recurring financial charges65 | €419 | €7,067 | €12,099 | €16,465 | €15,424 | €9,795 | €15,680 | ▲ 60.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €125 | - |
| Profit (loss) for the period before taxes9903 | €54,996 | €34,283 | €30,055 | €37,855 | €74,451 | €10,757 | €6,329 | ▼ 41.2% |
| Income taxes67/77 | €11,595 | €10,902 | €8,000 | €12,908 | €20,000 | €2,298 | €887 | ▼ 61.4% |
| Profit (loss) for the period9904 | €43,401 | €23,381 | €22,055 | €24,947 | €54,451 | €8,460 | €5,442 | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €43,401 | €23,381 | €22,055 | €24,947 | €54,451 | €8,460 | €5,442 | ▼ 35.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €86,272 | €216,142 | €194,962 | €375,116 | €461,149 | €453,195 | €382,385 | ▼ 15.6% |
| Fixed assets21/28 | €6,404 | €12,087 | €12,364 | €134,490 | €184,159 | €55,572 | €55,867 | ▲ 0.5% |
| Tangible fixed assets22/27 | €6,404 | €12,087 | €12,364 | €134,490 | €184,159 | €55,572 | €55,867 | ▲ 0.5% |
| Land and buildings22 | - | - | - | €126,745 | €180,004 | €53,259 | €53,259 | = |
| Plant, machinery and equipment23 | - | - | €8,172 | €6,413 | €1,008 | €990 | €2,608 | ▲ 163% |
| Furniture and vehicles24 | - | - | €4,192 | €1,332 | €3,146 | €1,323 | - | - |
| Current assets29/58 | €79,867 | €204,055 | €182,598 | €240,625 | €276,990 | €397,622 | €326,518 | ▼ 17.9% |
| Stocks and contracts in progress3 | - | - | €28,000 | - | - | €56,746 | €15,000 | ▼ 73.6% |
| Stocks30/36 | - | - | €28,000 | - | - | - | - | - |
| Contracts in progress37 | - | - | - | - | - | €56,746 | €15,000 | ▼ 73.6% |
| Amounts receivable within one year40/41 | €63,809 | €167,365 | €94,125 | €152,575 | €267,437 | €332,215 | €294,363 | ▼ 11.4% |
| Trade receivables40 | - | - | €62,843 | €114,918 | €225,068 | €297,498 | €224,369 | ▼ 24.6% |
| Other amounts receivable41 | - | - | €31,283 | €37,657 | €42,369 | €34,717 | €69,995 | ▲ 102% |
| Cash at bank and in hand54/58 | €14,386 | €33,342 | €60,473 | €87,827 | €8,819 | €7,833 | €16,288 | ▲ 108% |
| Deferred charges and accrued income490/1 | - | - | - | €223 | €734 | €827 | €867 | ▲ 4.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €86,272 | €216,142 | €194,962 | €375,116 | €461,149 | €453,195 | €382,385 | ▼ 15.6% |
| Equity10/15 | €50,770 | €74,151 | €96,206 | €121,153 | €175,604 | €184,064 | €189,506 | ▲ 3.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | €8,060 | = |
| Capital10 | - | - | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €42,710 | €66,091 | €88,146 | €113,093 | €167,544 | €176,004 | €181,446 | ▲ 3.1% |
| Amounts payable17/49 | €35,502 | €141,991 | €98,756 | €253,963 | €285,545 | €269,131 | €192,879 | ▼ 28.3% |
| Amounts payable after more than one year17 | - | - | - | €76,826 | €107,215 | €122,948 | €41,866 | ▼ 65.9% |
| Financial debts170/4 | - | - | - | €76,826 | €107,215 | €122,948 | €41,866 | ▼ 65.9% |
| Amounts payable within one year42/48 | €35,502 | €141,991 | €98,756 | €177,137 | €178,330 | €146,183 | €151,013 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,698 | €4,811 | €6,920 | €7,758 | ▲ 12.1% |
| Financial debts43 | - | - | - | €23,447 | €7,637 | €28,275 | - | - |
| Credit institutions430/8 | - | - | - | €23,447 | €7,637 | €28,275 | - | - |
| Trade debts44 | €23,907 | €125,126 | €80,307 | €122,968 | €95,819 | €33,917 | €100,094 | ▲ 195% |
| Suppliers440/4 | - | - | €80,307 | €122,968 | €95,819 | €33,917 | €100,094 | ▲ 195% |
| Taxes, remuneration and social security45 | - | - | €18,449 | €24,023 | €50,063 | €49,071 | €43,162 | ▼ 12.0% |
| Taxes450/3 | - | - | €8,000 | €13,500 | €34,949 | €35,747 | €29,101 | ▼ 18.6% |
| Remuneration and social security454/9 | - | - | €10,449 | €10,523 | €15,113 | €13,324 | €14,061 | ▲ 5.5% |
| Other amounts payable47/48 | - | - | - | €2,000 | €20,000 | €28,000 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,401 | €23,381 | €22,055 | €24,947 | €54,451 | €8,460 | €5,442 | ▼ 35.7% |
| + Depreciation and write-downs630 | €2,978 | €5,332 | €6,998 | €8,069 | €7,237 | €2,941 | €1,911 | ▼ 35.0% |
| Operating cash flow (approximation) | €46,379 | €28,713 | €29,053 | €33,016 | €61,688 | €11,401 | €7,353 | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | -€11,014 | -€7,275 | -€130,195 | -€56,906 | €125,645 | -€2,206 | - |
| Change in cash | - | €18,956 | €27,130 | €27,355 | -€79,008 | -€986 | €8,455 | - |
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, 5,047 companies had the same profile as BATI CENTRE has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
93.9%
was still going
3.8%
stopped otherwise
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BATI CENTRE itself is higher: 3.3% within 12 months. It rests on far more data about BATI CENTRE 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.
| 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 5,047 companies, not a prediction for BATI CENTRE. 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 (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00021147 | |
| 30-06-2024 | micro format | 03-04-2025 | 2025-00063390 | |
| 30-06-2023 | full format | 04-04-2025 | 2025-00063389 | |
| 30-06-2022 | full format | 21-05-2023 | 2023-00090372 | |
| 30-06-2021 | full format | 10-05-2022 | 2022-20023744 | |
| 30-06-2020 | full format | 26-01-2021 | 2021-01900492 | |
| 30-06-2019 | full format | 04-02-2020 | 2020-04400411 | |
| 30-06-2018 | full format | 23-01-2019 | 2019-02100240 |