BATITO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-12-2025 PDF all 6 filings
Turnover
≈ €83,000
Estimated: probably between €52,000 and €170,000
EBIT margin
Not included in this filing
Net result
-€3,046
2024 · €1,959
Working capital
-€5,160▲ 30.0%
2024 · -€7,367
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€2,043
2025
20202025
Net result
-€3,046
2025
lowest quarter of the sector
20202025
Equity
€7,039
▼ 30.2%
2025
lowest quarter of the sector
20202025
Total assets
€144,704
▲ 33.0%
2025
lowest quarter of the sector
20202025
Debt
€137,666
▲ 39.5%
2025
20202025
Working capital
-€5,160
▲ 30.0%
2025
lowest quarter of the sector
20202025
Solvency
4.9%
▼ 4.4pp
2025
lowest quarter of the sector
20202025
Current ratio
0.96
▲ 0.04
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-2.1%
▼ 3.9pp
2025
lowest quarter of the sector
20202025
Staff (FTE)
no figure
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€28,515-€5,071▼ 82.2%-€3,709€10,471€4,251▼ 59.4%-€2,043
Net result€19,983within the sector's middle half-€3,769within the sector's middle half▼ 81.1%-€3,849below the sector's middle half€8,024within the sector's middle half€1,959within the sector's middle half▼ 75.6%-€3,046below the sector's middle half
Equity€26,183within the sector's middle half-€29,952within the sector's middle half▲ 14.4%€26,103within the sector's middle half▼ 12.9%€34,126below the sector's middle half▲ 30.7%€10,085below the sector's middle half▼ 70.4%€7,039below the sector's middle half▼ 30.2%
Total assets€36,804below the sector's middle half-€44,584below the sector's middle half▲ 21.1%€44,130below the sector's middle half▼ 1.0%€77,941below the sector's middle half▲ 76.6%€108,776below the sector's middle half▲ 39.6%€144,704below the sector's middle half▲ 33.0%
Debt€10,621-€14,632▲ 37.8%€18,027▲ 23.2%€43,815▲ 143%€98,691▲ 125%€137,666▲ 39.5%
Working capital€21,000within the sector's middle half-€25,614within the sector's middle half▲ 22.0%€24,269within the sector's middle half▼ 5.3%€23,184within the sector's middle half▼ 4.5%-€7,367below the sector's middle half-€5,160below the sector's middle half▲ 30.0%
Solvency71.1%above the sector's middle half-67.2%above the sector's middle half▼ 4.0pp59.1%within the sector's middle half▼ 8.0pp43.8%within the sector's middle half▼ 15.4pp9.3%below the sector's middle half▼ 34.5pp4.9%below the sector's middle half▼ 4.4pp
Current ratio2.98within the sector's middle half-2.75within the sector's middle half▼ 0.232.35within the sector's middle half▼ 0.401.53within the sector's middle half▼ 0.820.93below the sector's middle half▼ 0.600.96below the sector's middle half▲ 0.04
Return on assets (ROA)54.3%above the sector's middle half-8.5%within the sector's middle half▼ 45.8pp-8.7%below the sector's middle half▼ 17.2pp10.3%within the sector's middle half▲ 19.0pp1.8%within the sector's middle half▼ 8.5pp-2.1%below the sector's middle half▼ 3.9pp
Staff (FTE)0.71▲ 42.9%0.3below the sector's middle half▼ 70.0%0.3below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 a loss of €2,043, after a profit of €4,251 in 2024. It is the lowest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,704
Fixed assets
€12,199 ▼ 30.1%
Current assets
€132,506 ▲ 45.1%
Equity and liabilities €144,704
Equity
€7,039 ▼ 30.2%
Debt
€137,666 ▲ 39.5%
Debt's share of the balance-sheet total rises from 90.7% to 95.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,342▼
2024 · €8,561
Cash flow
€3,339▼
2024 · €6,268
Debt to equity
19.56▲
2024 · 9.79
ROE
-43.3%▼
2024 · 19.4%
Interest coverage
31.78▼
2024 · 61.10
Debt ≤ 1 year
€137,666▲
2024 · €98,691
Income taxes
€866▼
2024 · €2,153
Staff costs
€639▼
2024 · €1,007
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2024 |
|---|---|---|
| Employees at the balance-sheet date | 0 | - |
| part-time | 0 | - |
| Average over the year, in full-time equivalents | 1 | 0.3 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,148 | €10,819 | €10,819 | €1,132 |
| Depreciation and write-downs of the year | €3,652 | €1,711 | €4,309 | €6,386 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €43,188 | €14,672 | €1,007 | €639 | ▼ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,553 | €3,121 | €3,652 | €1,711 | €4,309 | €6,386 | ▲ 48.2% |
| Other operating charges640/8 | - | - | €493 | €595 | €2,258 | €1,047 | ▼ 53.6% |
| Gross operating margin9900 | €31,267 | €37,381 | €43,625 | €27,449 | €11,826 | €6,029 | ▼ 49.0% |
| Operating profit (loss)9901 | €28,515 | €5,071 | -€3,709 | €10,471 | €4,251 | -€2,043 | - |
| Recurring financial income75 | €20 | €11 | - | - | - | - | - |
| Financial charges65/66B | - | - | €141 | €138 | €140 | €137 | ▼ 2.5% |
| Recurring financial charges65 | €158 | €51 | €141 | €138 | €140 | €137 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €28,377 | €5,031 | -€3,849 | €10,333 | €4,111 | -€2,180 | - |
| Income taxes67/77 | €8,394 | €1,262 | - | €2,309 | €2,153 | €866 | ▼ 59.7% |
| Profit (loss) for the period9904 | €19,983 | €3,769 | -€3,849 | €8,024 | €1,959 | -€3,046 | - |
| Profit (loss) for the period to be appropriated9905 | €19,983 | €3,769 | -€3,849 | €8,024 | €1,959 | -€3,046 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €36,804 | €44,584 | €44,130 | €77,941 | €108,776 | €144,704 | ▲ 33.0% |
| Fixed assets21/28 | €5,183 | €4,338 | €1,834 | €10,943 | €17,452 | €12,199 | ▼ 30.1% |
| Tangible fixed assets22/27 | €5,183 | €4,338 | €1,834 | €10,943 | €17,452 | €12,199 | ▼ 30.1% |
| Plant, machinery and equipment23 | - | - | - | - | €2,716 | €1,748 | ▼ 35.6% |
| Furniture and vehicles24 | - | - | €1,834 | €10,943 | €14,736 | €10,451 | ▼ 29.1% |
| Current assets29/58 | €31,621 | €40,246 | €42,296 | €66,999 | €91,323 | €132,506 | ▲ 45.1% |
| Amounts receivable within one year40/41 | €30,193 | €26,209 | €25,971 | €56,891 | €78,208 | €129,636 | ▲ 65.8% |
| Trade receivables40 | - | - | €25,354 | €56,580 | €77,822 | €127,430 | ▲ 63.7% |
| Other amounts receivable41 | - | - | €617 | €310 | €386 | €2,206 | ▲ 472% |
| Cash at bank and in hand54/58 | €1,428 | €14,037 | €16,325 | €10,108 | €13,116 | €2,870 | ▼ 78.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €36,804 | €44,584 | €44,130 | €77,941 | €108,776 | €144,704 | ▲ 33.0% |
| Equity10/15 | €26,183 | €29,952 | €26,103 | €34,126 | €10,085 | €7,039 | ▼ 30.2% |
| Contributions10/11 | €6,200 | - | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Contributions outside capital11 | - | - | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Share premium1100/10 | - | - | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €1,860 | - | - | - | - | - | - |
| Profit (loss) carried forward14 | €18,123 | €21,892 | €18,043 | €26,066 | €2,025 | -€1,021 | - |
| Amounts payable17/49 | €10,621 | €14,632 | €18,027 | €43,815 | €98,691 | €137,666 | ▲ 39.5% |
| Amounts payable within one year42/48 | €10,621 | €14,632 | €18,027 | €43,815 | €98,691 | €137,666 | ▲ 39.5% |
| Trade debts44 | €1,177 | €5,726 | €4,913 | €36,370 | €65,176 | €111,052 | ▲ 70.4% |
| Suppliers440/4 | - | - | €4,913 | €33,808 | €62,614 | €111,052 | ▲ 77.4% |
| Bills of exchange payable441 | - | - | - | €2,562 | €2,562 | - | - |
| Taxes, remuneration and social security45 | - | - | €8,963 | €4,288 | €10,701 | €4,514 | ▼ 57.8% |
| Taxes450/3 | - | - | €1,879 | €3,687 | €9,782 | €1,479 | ▼ 84.9% |
| Remuneration and social security454/9 | - | - | €7,084 | €601 | €918 | €3,035 | ▲ 230% |
| Other amounts payable47/48 | - | - | €4,151 | €3,157 | €22,814 | €22,100 | ▼ 3.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,983 | €3,769 | -€3,849 | €8,024 | €1,959 | -€3,046 | - |
| + Depreciation and write-downs630 | €2,553 | €3,121 | €3,652 | €1,711 | €4,309 | €6,386 | ▲ 48.2% |
| Operating cash flow (approximation) | €22,536 | €6,890 | -€197 | €9,734 | €6,268 | €3,339 | ▼ 46.7% |
| Investment in fixed assets (approximation) | - | -€2,276 | -€1,148 | -€10,819 | -€10,819 | -€1,132 | ▲ 89.5% |
| Change in cash | - | €12,609 | €2,288 | -€6,217 | €3,008 | -€10,246 | - |
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, 849 companies had the same profile as BATITO has now. Two years later, 91.9% were still going and 4.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
91.9%
was still going
3.3%
stopped otherwise
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BATITO itself: 1.4% 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 849 companies, not a prediction for BATITO. 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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 19-12-2025 | 2025-00585986 | |
| 30-06-2024 | full format | 29-01-2025 | 2025-00014663 | |
| 30-06-2023 | full format | 14-12-2023 | 2023-00527971 | |
| 30-06-2022 | micro format | 12-12-2022 | 2022-20535624 | |
| 30-06-2021 | micro format | 20-12-2021 | 2021-80900269 | |
| 30-06-2020 | micro format | 15-12-2020 | 2020-75700419 |