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BATIDAL

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Public limited companyfounded 1976active for 49 yearsRue de Chesseroux 13, 4651 Herve, BelgiumKBO/BCE: BE 0416.683.591

Financials · financial year 2025, full format

Annual accounts 2025 filed on 25-06-2026 at the NBB all 49 filings

Turnover
€9.5m▲ 8.0%
2024 · €8.8m
EBIT margin
3.5%▲ 0.2pp
2024 · 3.3%
Net result
€179,749▲ 8.2%
2024 · €166,130
Working capital
€831,125▼ 4.2%
2024 · €867,497
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€9.5m
▲ 8.0% 2025
20182025
Operating result
€330,511
▲ 14.1% 2025
20182025
Net result
€179,749
▲ 8.2% 2025
middle half of the sector
20182025
EBIT margin
3.5%
▲ 0.2pp 2025
20182025
Equity
€1.4m
▲ 0.6% 2025
middle half of the sector
20182025
Total assets
€5.4m
▲ 8.7% 2025
middle half of the sector
20182025
Debt
€4.0m
▲ 11.7% 2025
20182025
Working capital
€831,125
▼ 4.2% 2025
middle half of the sector
20182025
Solvency
25.4%
▼ 2.0pp 2025
lowest quarter of the sector
20182025
Current ratio
1.23
▼ 0.03 2025
middle half of the sector
20182025
Return on assets (ROA)
3.4%
= 2025
middle half of the sector
20182025
Staff (FTE)
21.4
▼ 0.5% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€7.9m-€8.2m▲ 4.1%€8.3m▲ 0.4%€9.4m▲ 13.5%€9.4m€8.8m▼ 6.7%€9.5m▲ 8.0%
Operating result€0.03m-€0.002m▼ 93.0%€0.05m▲ 19×€0.4m▲ 763%€0.9m▲ 129%€0.4m▼ 58.7%€0.3m▼ 24.6%€0.3m▲ 14.1%
Net result€0.02m-€0.001m▼ 92.7%€0.06mwithin the sector's middle half▲ 46×€0.3mwithin the sector's middle half▲ 399%€0.7mwithin the sector's middle half▲ 118%€0.2mwithin the sector's middle half▼ 68.2%€0.2mwithin the sector's middle half▼ 25.5%€0.2mwithin the sector's middle half▲ 8.2%
EBIT margin0.4%-0.0%▼ 0.4pp0.6%▲ 0.5pp4.3%▲ 3.8pp4.1%3.3%▼ 0.8pp3.5%▲ 0.2pp
Equity€0.9m-€0.9m▲ 0.2%€1.0mwithin the sector's middle half▲ 10.1%€1.0mwithin the sector's middle half=€1.3mwithin the sector's middle half▲ 33.0%€1.3mwithin the sector's middle half▲ 0.3%€1.4mwithin the sector's middle half▲ 0.2%€1.4mwithin the sector's middle half▲ 0.6%
Total assets€4.8m-€5.0m▲ 2.9%€4.8mwithin the sector's middle half▼ 4.1%€4.8mwithin the sector's middle half▲ 0.7%€5.6mwithin the sector's middle half▲ 15.8%€5.4mwithin the sector's middle half▼ 2.0%€4.9mwithin the sector's middle half▼ 9.5%€5.4mwithin the sector's middle half▲ 8.7%
Debt€3.9m-€4.0m▲ 3.6%€3.8m▼ 7.3%€3.8m▲ 0.9%€4.2m▲ 11.2%€4.1m▼ 2.8%€3.6m▼ 12.6%€4.0m▲ 11.7%
Working capital€0.5m-€0.5m▲ 0.8%€0.7mwithin the sector's middle half▲ 32.7%€0.6mwithin the sector's middle half▼ 19.2%€0.9mwithin the sector's middle half▲ 55.5%€0.8mwithin the sector's middle half▼ 7.3%€0.9mwithin the sector's middle half▲ 5.2%€0.8mwithin the sector's middle half▼ 4.2%
Solvency19.0%-18.5%▼ 0.5pp21.2%below the sector's middle half▲ 2.7pp21.1%below the sector's middle half▼ 0.1pp24.2%below the sector's middle half▲ 3.1pp24.8%below the sector's middle half▲ 0.6pp27.4%within the sector's middle half▲ 2.6pp25.4%below the sector's middle half▼ 2.0pp
Current ratio1.17-1.16▼ 0.011.22within the sector's middle half▲ 0.061.17within the sector's middle half▼ 0.051.22within the sector's middle half▲ 0.051.22within the sector's middle half=1.27within the sector's middle half▲ 0.041.23within the sector's middle half▼ 0.03
Return on assets (ROA)0.4%-0.0%▼ 0.4pp1.3%within the sector's middle half▲ 1.3pp6.7%within the sector's middle half▲ 5.3pp12.6%above the sector's middle half▲ 5.9pp4.1%within the sector's middle half▼ 8.5pp3.4%within the sector's middle half▼ 0.7pp3.4%within the sector's middle half=
Staff (FTE)21.5-21▼ 2.3%19within the sector's middle half▼ 9.5%19.5within the sector's middle half▲ 2.6%21.7within the sector's middle half▲ 11.3%20.7within the sector's middle half▼ 4.6%21.5within the sector's middle half▲ 3.9%21.4within the sector's middle half▼ 0.5%
above within below The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). 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 14% higher than in 2024. It is a recovery after the fall in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets €958,311 ▲ 19.5%
Current assets €4.4m ▲ 6.6%
Equity and liabilities €5.4m
Equity €1.4m ▲ 0.6%
Provisions €5,912 =
Debt €4.0m ▲ 11.7%
Debt's share of the balance-sheet total rises from 72.5% to 74.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€558,120▲
2024 · €512,563
Cash flow
€407,357▲
2024 · €388,912
Quick ratio
0.76▼
2024 · 0.79
Debt to equity
2.94▲
2024 · 2.64
ROE
13.2%▲
2024 · 12.3%
Interest coverage
4.83▼
2024 · 5.05
Debt ≤ 1 year
€3.6m▲
2024 · €3.3m
Debt > 1 year
€415,866▲
2024 · €301,520
Income taxes
€82,093▲
2024 · €68,425
Customer credit
49 days▼
2024 · 54 days
Supplier credit
57 days▲
2024 · 40 days
Staff costs
€1.4m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date2122222223
full-time2020212021
part-time12122
in full-time equivalents20.420.521.421.222.2
Average over the year, in full-time equivalents19.521.720.721.521.4
On a permanent contract2121222121
Joined77145
Left66143
Agency workers, average number----0.5
Training hours1896611471133

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€744,522€416,591€582,980€448,238€600,175
Pledge on the business€1.6m€2.7m€2.9m€2.9m€2.9m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€446,608€16,738€494,318€81,580€383,743
Depreciation and write-downs of the year€261,239€215,287€200,602€222,782€227,608

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES.

Item20212022202320242025
Fee for the audit--€7,250€7,605€7,775

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.9m€5.4m▲
Fixed assets21/28€0.8m€1.0m▲
Tangible fixed assets22/27€0.8m€0.9m▲
Land and buildings22€0€0=
Plant, machinery and equipment23€0.07m€0.06m▼
Furniture and vehicles24€0.1m€0.07m▼
Leasing and similar rights25€0.5m€0.7m▲
Other tangible fixed assets26€0.1m€0.1m▼
Financial fixed assets28€0.01m€0.01m=
Other financial fixed assets284/8€0.01m€0.01m=
Amounts receivable and cash guarantees285/8€0.01m€0.01m=
Current assets29/58€4.1m€4.4m▲
Amounts receivable after more than one year29€0.5m€0.5m=
Trade receivables290€0.5m€0.5m=
Stocks and contracts in progress3€1.5m€1.7m▲
Stocks30/36€1.5m€1.7m▲
Raw materials and consumables30/31€0.01m€0.02m▲
Goods purchased for resale34€1.5m€1.7m▲
Amounts receivable within one year40/41€1.8m€1.7m▼
Trade receivables40€1.3m€1.3m▼
Other amounts receivable41€0.5m€0.4m▼
Cash at bank and in hand54/58€0.3m€0.5m▲
Deferred charges and accrued income490/1€0.02m€0.04m▲
Equity and liabilities
Total equity and liabilities10/49€4.9m€5.4m▲
Equity10/15€1.4m€1.4m▲
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Reserves13€0.7m€0.7m=
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Tax-exempt reserves132€0.01m€0.01m=
Distributable reserves133€0.7m€0.7m=
Profit (loss) carried forward14€0.5m€0.6m▲
Investment grants15€0.002m€0▼
Provisions and deferred taxes16€0.006m€0.006m=
Deferred taxes168€0.006m€0.006m=
Amounts payable17/49€3.6m€4.0m▲
Amounts payable after more than one year17€0.3m€0.4m▲
Financial debts170/4€0.02m€0.4m▲
Leasing and similar obligations172-€0.3m
Credit institutions173€0.02m-
Other loans174-€0.1m
Trade debts175€0.3m-
Suppliers1750€0.3m-
Amounts payable within one year42/48€3.3m€3.6m▲
Current portion of amounts payable after more than one year42€0.1m€0.2m▲
Financial debts43€1.9m€1.9m=
Credit institutions430/8€1.9m€1.9m=
Trade debts44€0.7m€1.0m▲
Suppliers440/4€0.6m€1.0m▲
Bills of exchange payable441€0.03m€0.02m▼
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€0.2m€0.2m▼
Taxes450/3€0.1m€0.1m▼
Remuneration and social security454/9€0.1m€0.1m▲
Other amounts payable47/48€0.3m€0.2m▼
Accrued charges and deferred income492/3€0.01m€0.008m▼
Income statement Code20242025
Operating income70/76A€8.9m€9.7m▲
Turnover70€8.8m€9.5m▲
Other operating income74€0.1m€0.1m▼
Non-recurring operating income76A€0.01m€0.05m▲
Operating charges60/66A€8.7m€9.3m▲
Goods for resale, raw materials and consumables60€6.0m€6.5m▲
Purchases600/8€5.9m€6.7m▲
Change in stocks: decrease (increase)609€0.07m-€0.2m▼
Services and other goods61€1.0m€1.1m▲
Remuneration, social security and pensions62€1.3m€1.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.02m€0.007m▼
Other operating charges640/8€0.08m€0.1m▲
Operating profit (loss)9901€0.3m€0.3m▲
Financial income75/76B€0.06m€0.06m▼
Recurring financial income75€0.06m€0.06m▼
Income from current assets751€0.05m€0.05m▲
Other financial income752/9€0.009m€0.007m▼
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Debt charges650€0.1m€0.1m▲
Other financial charges652/9€0.01m€0.01m▼
Profit (loss) for the period before taxes9903€0.2m€0.3m▲
Income taxes67/77€0.07m€0.08m▲
Taxes670/3€0.07m€0.08m▲
Profit (loss) for the period9904€0.2m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.7m€0.7m▲
Profit (loss) brought forward from the previous period14P€0.5m€0.5m▲
Profit to be distributed694/7€0.2m€0.2m▲
Return on contributions (dividend)694€0.2m€0.2m▲
Social balance sheet
Average headcount (FTE)908721.521.4▼

The notes to these accounts have 75 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 25-06-2026.

Line20182019202020212022202320242025Change
Operating income70/76A-----€9.6m€8.9m€9.7m▲ 8.1%
Turnover70€7.9m€8.2m€8.3m€9.4m-€9.4m€8.8m€9.5m▲ 8.0%
Other operating income74-----€0.1m€0.1m€0.1m▼ 18.1%
Non-recurring operating income76A---€0.03m-€0.06m€0.01m€0.05m▲ 450%
Operating charges60/66A-----€9.2m€8.7m€9.3m▲ 7.9%
Goods, raw materials, services and sundry goods60/61---€7.6m-----
Goods for resale, raw materials and consumables60-----€6.4m€6.0m€6.5m▲ 8.6%
Purchases600/8-----€6.3m€5.9m€6.7m▲ 12.7%
Change in stocks: decrease (increase)609-----€0.06m€0.07m-€0.2m-
Services and other goods61-----€1.1m€1.0m€1.1m▲ 12.8%
Remuneration, social security and pensions62---€1.1m€1.2m€1.3m€1.3m€1.4m▲ 2.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.3m€0.3m€0.3m€0.2m€0.2m€0.2m€0.2m▲ 2.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.4m-€0.03m€0.09m€0.02m€0.007m▼ 60.1%
Other operating charges640/8---€0.4m€0.07m€0.1m€0.08m€0.1m▲ 26.2%
Gross operating margin9900€1.3m€1.4m€1.4m€1.8m€2.4m----
Operating profit (loss)9901€0.03m€0.002m€0.05m€0.4m€0.9m€0.4m€0.3m€0.3m▲ 14.1%
Financial income75/76B---€0.06m€0.07m€0.06m€0.06m€0.06m▼ 2.0%
Recurring financial income75€0.01m€0.04m€0.08m€0.06m€0.07m€0.06m€0.06m€0.06m▼ 2.0%
Income from current assets751-----€0.05m€0.05m€0.05m▲ 0.9%
Other financial income752/9-----€0.01m€0.009m€0.007m▼ 18.6%
Financial charges65/66B---€0.05m€0.05m€0.1m€0.1m€0.1m▲ 10.7%
Recurring financial charges65€0.03m€0.05m€0.05m€0.05m€0.05m€0.1m€0.1m€0.1m▲ 10.7%
Debt charges650-----€0.1m€0.1m€0.1m▲ 13.8%
Other financial charges652/9-----€0.01m€0.01m€0.01m▼ 14.3%
Profit (loss) for the period before taxes9903€0.02m-€0.008m€0.08m€0.4m€0.9m€0.3m€0.2m€0.3m▲ 11.6%
Income taxes67/77-€0.002m-€0.009m€0.02m€0.1m€0.2m€0.1m€0.07m€0.08m▲ 20.0%
Taxes670/3-----€0.1m€0.07m€0.08m▲ 20.0%
Profit (loss) for the period9904€0.02m€0.001m€0.06m€0.3m€0.7m€0.2m€0.2m€0.2m▲ 8.2%
Profit (loss) for the period to be appropriated9905€0.02m€0.001m€0.06m€0.3m€0.7m€0.2m€0.2m€0.2m▲ 8.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.8m€5.0m€4.8m€4.8m€5.6m€5.4m€4.9m€5.4m▲ 8.7%
Formation expenses20-----€0---
Fixed assets21/28€1.1m€1.0m€0.8m€0.9m€0.7m€1.0m€0.8m€1.0m▲ 19.5%
Intangible fixed assets21-----€0---
Tangible fixed assets22/27€1.1m€1.0m€0.8m€0.8m€0.6m€0.9m€0.8m€0.9m▲ 19.8%
Land and buildings22---€0.001m€0.001m€241€0€0-
Plant, machinery and equipment23---€0.09m€0.05m€0.07m€0.07m€0.06m▼ 18.2%
Furniture and vehicles24---€0.1m€0.08m€0.09m€0.1m€0.07m▼ 35.9%
Leasing and similar rights25---€0.4m€0.3m€0.6m€0.5m€0.7m▲ 42.5%
Other tangible fixed assets26---€0.2m€0.2m€0.2m€0.1m€0.1m▼ 2.6%
Financial fixed assets28€0.003m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m=
Other financial fixed assets284/8-----€0.01m€0.01m€0.01m=
Amounts receivable and cash guarantees285/8-----€0.01m€0.01m€0.01m=
Current assets29/58€3.7m€4.0m€4.0m€3.9m€4.9m€4.5m€4.1m€4.4m▲ 6.6%
Amounts receivable after more than one year29-----€0.5m€0.5m€0.5m=
Trade receivables290-----€0.5m€0.5m€0.5m=
Stocks and contracts in progress3€1.3m€1.3m€1.3m€1.4m€1.7m€1.6m€1.5m€1.7m▲ 8.9%
Stocks30/36---€1.4m€1.7m€1.6m€1.5m€1.7m▲ 8.9%
Raw materials and consumables30/31-----€0.02m€0.01m€0.02m▲ 67.2%
Goods purchased for resale34-----€1.6m€1.5m€1.7m▲ 8.6%
Amounts receivable within one year40/41€2.0m€2.2m€2.1m€2.3m€2.9m€1.9m€1.8m€1.7m▼ 3.9%
Trade receivables40---€1.9m€2.3m€1.4m€1.3m€1.3m▼ 1.0%
Other amounts receivable41---€0.3m€0.6m€0.5m€0.5m€0.4m▼ 12.0%
Cash at bank and in hand54/58€0.3m€0.5m€0.6m€0.2m€0.3m€0.4m€0.3m€0.5m▲ 65.0%
Deferred charges and accrued income490/1---€0.02m€0.02m€0.03m€0.02m€0.04m▲ 113%
Equity and liabilities
Total equity and liabilities10/49€4.8m€5.0m€4.8m€4.8m€5.6m€5.4m€4.9m€5.4m▲ 8.7%
Equity10/15€0.9m€0.9m€1.0m€1.0m€1.3m€1.3m€1.4m€1.4m▲ 0.6%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Capital10---€0.1m€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0.1m=
Reserves13€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m=
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0.01m=
Tax-exempt reserves132---€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133---€0.7m€0.7m€0.7m€0.7m€0.7m=
Profit (loss) carried forward14€0.1m€0.1m€0.2m€0.2m€0.5m€0.5m€0.5m€0.6m▲ 1.8%
Investment grants15---€0.02m€0.01m€0.006m€0.002m€0▼ 100%
Provisions and deferred taxes16€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m=
Deferred taxes168---€0.006m€0.006m€0.006m€0.006m€0.006m=
Amounts payable17/49€3.9m€4.0m€3.8m€3.8m€4.2m€4.1m€3.6m€4.0m▲ 11.7%
Amounts payable after more than one year17€0.7m€0.6m€0.5m€0.4m€0.2m€0.4m€0.3m€0.4m▲ 37.9%
Financial debts170/4---€0.4m€0.2m€0.04m€0.02m€0.4m▲ 17×
Leasing and similar obligations172-------€0.3m-
Credit institutions173-----€0.04m€0.02m--
Other loans174-------€0.1m-
Trade debts175-----€0.4m€0.3m--
Suppliers1750-----€0.4m€0.3m--
Amounts payable within one year42/48€3.2m€3.4m€3.3m€3.4m€4.0m€3.7m€3.3m€3.6m▲ 9.4%
Current portion of amounts payable after more than one year42---€0.3m€0.2m€0.2m€0.1m€0.2m▲ 25.6%
Financial debts43---€1.7m€2.0m€2.0m€1.9m€1.9m=
Credit institutions430/8---€1.7m€2.0m€2.0m€1.9m€1.9m=
Trade debts44€1.5m€1.0m€1.0m€0.8m€0.8m€0.9m€0.7m€1.0m▲ 54.5%
Suppliers440/4---€0.8m€0.8m€0.9m€0.6m€1.0m▲ 58.8%
Bills of exchange payable441-----€0.03m€0.03m€0.02m▼ 25.9%
Advances received on contracts in progress46-----€0€0€0-
Taxes, remuneration and social security45---€0.2m€0.4m€0.2m€0.2m€0.2m▼ 10.7%
Taxes450/3---€0.2m€0.3m€0.1m€0.1m€0.1m▼ 29.3%
Remuneration and social security454/9---€0.07m€0.09m€0.09m€0.1m€0.1m▲ 14.1%
Other amounts payable47/48---€0.2m€0.6m€0.4m€0.3m€0.2m▼ 23.4%
Accrued charges and deferred income492/3----€0.008m€0.01m€0.01m€0.008m▼ 23.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€19,396€1,412€64,319€320,881€699,930€222,896€166,130€179,749▲ 8.2%
+ Depreciation and write-downs630€223,959€267,112€274,060€261,239€215,287€200,602€222,782€227,608▲ 2.2%
Operating cash flow (approximation)€243,355€268,524€338,379€582,120€915,217€423,498€388,912€407,357▲ 4.7%
Investment in fixed assets (approximation)--€129,447-€80,480-€309,473-€16,738-€492,368-€72,658-€383,743▼ 428%
Change in cash-€209,105€85,086-€367,563€132,154€33,872-€87,504€182,806-

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, 4,685 companies had the same profile as BATIDAL has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
96.9% was still going
1.9% stopped otherwise
1.1% went bankrupt

That fits the bankruptcy probability of BATIDAL itself: 0.1% 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 4,685 companies, not a prediction for BATIDAL. 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 49 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 25-06-2026 2026-00217669 PDF
31-12-2024 full format 27-06-2025 2025-00208366 PDF
31-12-2023 full format 24-06-2024 2024-00159750 PDF
31-12-2022 full format 06-07-2023 2023-00216462 PDF
31-12-2021 full format 25-07-2022 2022-20227401 PDF
31-12-2020 full format 30-06-2021 2021-28600091 PDF
31-12-2019 full format 31-07-2020 2020-37900558 PDF
31-12-2018 full format 29-07-2019 2019-43100096 PDF
31-12-2017 full format 18-07-2018 2018-34300377 PDF
31-12-2016 full format 28-06-2017 2017-24400561 PDF

Show all 49 filings

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