BATIDAL
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 49 filings
Every figure per financial year
The operating result for 2025 is 14% higher than in 2024. It is a recovery after the fall in 2024.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 21 | 22 | 22 | 22 | 23 |
| full-time | 20 | 20 | 21 | 20 | 21 |
| part-time | 1 | 2 | 1 | 2 | 2 |
| in full-time equivalents | 20.4 | 20.5 | 21.4 | 21.2 | 22.2 |
| Average over the year, in full-time equivalents | 19.5 | 21.7 | 20.7 | 21.5 | 21.4 |
| On a permanent contract | 21 | 21 | 22 | 21 | 21 |
| Joined | 7 | 7 | 1 | 4 | 5 |
| Left | 6 | 6 | 1 | 4 | 3 |
| Agency workers, average number | - | - | - | - | 0.5 |
| Training hours | 189 | 66 | 114 | 71 | 133 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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
The auditor is BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | €7,250 | €7,605 | €7,775 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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
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.
| 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 | |
| 31-12-2024 | full format | 27-06-2025 | 2025-00208366 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00159750 | |
| 31-12-2022 | full format | 06-07-2023 | 2023-00216462 | |
| 31-12-2021 | full format | 25-07-2022 | 2022-20227401 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-28600091 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-37900558 | |
| 31-12-2018 | full format | 29-07-2019 | 2019-43100096 | |
| 31-12-2017 | full format | 18-07-2018 | 2018-34300377 | |
| 31-12-2016 | full format | 28-06-2017 | 2017-24400561 |