BATOS ENGINEERING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-04-2026 PDF all 25 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €140,000
Estimated: probably between €81,000 and €240,000
Total assets
€151,855▼ 6.4%
2024 · €162,189
Net result
€18,166▼ 20.0%
2024 · €22,709
Working capital
€123,299▲ 2.3%
2024 · €120,503
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€24,510
▼ 21.7%
2025
20182025
Net result
€18,166
▼ 20.0%
2025
middle half of the sector
20182025
Equity
€143,400
▼ 3.3%
2025
highest quarter of the sector
20182025
Total assets
€151,855
▼ 6.4%
2025
middle half of the sector
20182025
Debt
€8,455
▼ 39.0%
2025
20182025
Working capital
€123,299
▲ 2.3%
2025
highest quarter of the sector
20182025
Solvency
94.4%
▲ 3.0pp
2025
highest quarter of the sector
20182025
Current ratio
15.58
▲ 5.89
2025
highest quarter of the sector
20182025
Return on assets (ROA)
12.0%
▼ 2.0pp
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
Operating result€22,411-€34,477▲ 53.8%€38,110▲ 10.5%€23,086▼ 39.4%€20,374▼ 11.7%€32,320▲ 58.6%€31,310▼ 3.1%€24,510▼ 21.7%
Net result€14,736-€23,771▲ 61.3%€27,120within the sector's middle half▲ 14.1%€15,415within the sector's middle half▼ 43.2%€14,671within the sector's middle half▼ 4.8%€23,813within the sector's middle half▲ 62.3%€22,709within the sector's middle half▼ 4.6%€18,166within the sector's middle half▼ 20.0%
Equity€69,711-€92,797▲ 33.1%€119,211above the sector's middle half▲ 28.5%€123,758within the sector's middle half▲ 3.8%€133,578above the sector's middle half▲ 7.9%€139,547above the sector's middle half▲ 4.5%€148,320above the sector's middle half▲ 6.3%€143,400above the sector's middle half▼ 3.3%
Total assets€140,491-€154,246▲ 9.8%€168,065within the sector's middle half▲ 9.0%€159,805within the sector's middle half▼ 4.9%€154,772within the sector's middle half▼ 3.1%€157,681within the sector's middle half▲ 1.9%€162,189within the sector's middle half▲ 2.9%€151,855within the sector's middle half▼ 6.4%
Debt€70,780-€61,449▼ 13.2%€48,854▼ 20.5%€36,047▼ 26.2%€21,194▼ 41.2%€18,134▼ 14.4%€13,869▼ 23.5%€8,455▼ 39.0%
Working capital€29,507-€47,198▲ 60.0%€72,969within the sector's middle half▲ 54.6%€76,145within the sector's middle half▲ 4.4%€89,260above the sector's middle half▲ 17.2%€104,544above the sector's middle half▲ 17.1%€120,503above the sector's middle half▲ 15.3%€123,299above the sector's middle half▲ 2.3%
Solvency49.6%-60.2%▲ 10.5pp70.9%above the sector's middle half▲ 10.8pp77.4%above the sector's middle half▲ 6.5pp86.3%above the sector's middle half▲ 8.9pp88.5%above the sector's middle half▲ 2.2pp91.4%above the sector's middle half▲ 2.9pp94.4%above the sector's middle half▲ 3.0pp
Current ratio1.73-2.19▲ 0.463.04above the sector's middle half▲ 0.853.41above the sector's middle half▲ 0.375.21above the sector's middle half▲ 1.807.01above the sector's middle half▲ 1.809.69above the sector's middle half▲ 2.6715.58above the sector's middle half▲ 5.89
Return on assets (ROA)10.5%-15.4%▲ 4.9pp16.1%within the sector's middle half▲ 0.7pp9.6%within the sector's middle half▼ 6.5pp9.5%within the sector's middle half▼ 0.2pp15.1%within the sector's middle half▲ 5.6pp14.0%within the sector's middle half▼ 1.1pp12.0%within the sector's middle half▼ 2.0pp
above
within
below
The sector band is the middle half of the companies in Civil engineering (NACE 42). 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 22% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,855
Fixed assets
€20,101 ▼ 27.7%
Current assets
€131,755 ▼ 1.9%
Equity and liabilities €151,855
Equity
€143,400 ▼ 3.3%
Debt
€8,455 ▼ 39.0%
Debt's share of the balance-sheet total falls from 8.6% to 5.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32,226▼
2024 · €39,246
Cash flow
€25,883▼
2024 · €30,645
Quick ratio
13.52▲
2024 · 8.41
Debt to equity
0.06▼
2024 · 0.09
ROE
12.7%▼
2024 · 15.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€8,455▼
2024 · €13,869
Income taxes
€6,812▼
2024 · €9,260
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,753 | €870 | - | - | - |
| Depreciation and write-downs of the year | €8,959 | €9,132 | €8,565 | €7,936 | €7,717 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €998 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,981 | €9,968 | €9,072 | €8,959 | €9,132 | €8,565 | €7,936 | €7,717 | ▼ 2.8% |
| Other operating charges640/8 | - | - | - | €555 | €580 | €1,353 | €1,291 | €1,431 | ▲ 10.9% |
| Gross operating margin9900 | €30,897 | €44,967 | €47,733 | €32,600 | €30,086 | €42,237 | €40,536 | €33,658 | ▼ 17.0% |
| Operating profit (loss)9901 | €22,411 | €34,477 | €38,110 | €23,086 | €20,374 | €32,320 | €31,310 | €24,510 | ▼ 21.7% |
| Financial income75/76B | - | - | - | €0 | €59 | €342 | €704 | €509 | ▼ 27.7% |
| Recurring financial income75 | - | - | €775 | €0 | €59 | €342 | €704 | €509 | ▼ 27.7% |
| Financial charges65/66B | - | - | - | €1,014 | €558 | €106 | €44 | €41 | ▼ 8.8% |
| Recurring financial charges65 | €2,288 | €1,861 | €1,431 | €1,014 | €558 | €106 | €44 | €41 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €20,123 | €32,617 | €37,454 | €22,072 | €19,875 | €32,556 | €31,969 | €24,978 | ▼ 21.9% |
| Income taxes67/77 | €5,387 | €8,845 | €10,334 | €6,657 | €5,205 | €8,743 | €9,260 | €6,812 | ▼ 26.4% |
| Profit (loss) for the period9904 | €14,736 | €23,771 | €27,120 | €15,415 | €14,671 | €23,813 | €22,709 | €18,166 | ▼ 20.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,753 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14,736 | €23,771 | €28,216 | €17,168 | €14,671 | €23,813 | €22,709 | €18,166 | ▼ 20.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €140,491 | €154,246 | €168,065 | €159,805 | €154,772 | €157,681 | €162,189 | €151,855 | ▼ 6.4% |
| Fixed assets21/28 | €70,444 | €67,231 | €59,254 | €52,048 | €44,318 | €35,753 | €27,817 | €20,101 | ▼ 27.7% |
| Tangible fixed assets22/27 | €70,444 | €67,231 | €59,254 | €52,048 | €44,318 | €35,753 | €27,817 | €20,101 | ▼ 27.7% |
| Land and buildings22 | - | - | - | €46,086 | €40,108 | €33,132 | €26,155 | €19,179 | ▼ 26.7% |
| Plant, machinery and equipment23 | - | - | - | €1,849 | €913 | €554 | €196 | €57 | ▼ 70.9% |
| Furniture and vehicles24 | - | - | - | €4,113 | €3,298 | €2,067 | €1,466 | €864 | ▼ 41.0% |
| Current assets29/58 | €70,047 | €87,015 | €108,811 | €107,757 | €110,454 | €121,928 | €134,372 | €131,755 | ▼ 1.9% |
| Stocks and contracts in progress3 | €6,128 | €8,153 | €11,383 | €11,862 | €15,385 | €19,265 | €17,663 | €17,428 | ▼ 1.3% |
| Stocks30/36 | - | - | - | €11,862 | €15,385 | €19,265 | €17,663 | €17,428 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €18,265 | €26,758 | €26,304 | €39,068 | €11,311 | €17,494 | €9,217 | €10,945 | ▲ 18.7% |
| Trade receivables40 | - | - | - | €29,515 | €11,311 | €16,901 | €9,217 | €10,578 | ▲ 14.8% |
| Other amounts receivable41 | - | - | - | €9,553 | - | €593 | - | €367 | - |
| Cash at bank and in hand54/58 | €45,654 | €52,104 | €70,433 | €55,230 | €82,443 | €83,841 | €105,804 | €101,674 | ▼ 3.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,598 | €1,316 | €1,328 | €1,688 | €1,708 | ▲ 1.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €140,491 | €154,246 | €168,065 | €159,805 | €154,772 | €157,681 | €162,189 | €151,855 | ▼ 6.4% |
| Equity10/15 | €69,711 | €92,797 | €119,211 | €123,758 | €133,578 | €139,547 | €148,320 | €143,400 | ▼ 3.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €51,111 | €74,197 | €100,611 | €105,158 | €114,978 | €120,947 | €129,720 | €124,800 | ▼ 3.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €503 | €503 | €503 | €503 | €503 | = |
| Distributable reserves133 | - | - | - | €102,795 | €112,615 | €120,444 | €129,217 | €124,297 | ▼ 3.8% |
| Amounts payable17/49 | €70,780 | €61,449 | €48,854 | €36,047 | €21,194 | €18,134 | €13,869 | €8,455 | ▼ 39.0% |
| Amounts payable after more than one year17 | €30,083 | €21,632 | €13,013 | €3,677 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €3,677 | - | - | - | - | - |
| Amounts payable within one year42/48 | €40,540 | €39,817 | €35,842 | €31,612 | €21,194 | €17,384 | €13,869 | €8,455 | ▼ 39.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,992 | €3,223 | - | - | - | - |
| Trade debts44 | €1,504 | €8,591 | €1,988 | €2,022 | €2,309 | €7,474 | €2,738 | €2,526 | ▼ 7.7% |
| Suppliers440/4 | - | - | - | €2,022 | €2,309 | €7,474 | €2,738 | €2,526 | ▼ 7.7% |
| Taxes, remuneration and social security45 | - | - | - | €7,954 | €9,044 | €3,779 | €11,132 | €5,930 | ▼ 46.7% |
| Taxes450/3 | - | - | - | €7,954 | €9,044 | €1,496 | €8,407 | €3,186 | ▼ 62.1% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,283 | €2,724 | €2,743 | ▲ 0.7% |
| Other amounts payable47/48 | - | - | - | €8,644 | €6,618 | €6,131 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €758 | - | €750 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,736 | €23,771 | €27,120 | €15,415 | €14,671 | €23,813 | €22,709 | €18,166 | ▼ 20.0% |
| + Depreciation and write-downs630 | €7,981 | €9,968 | €9,072 | €8,959 | €9,132 | €8,565 | €7,936 | €7,717 | ▼ 2.8% |
| Operating cash flow (approximation) | €22,717 | €33,740 | €36,193 | €24,374 | €23,803 | €32,378 | €30,645 | €25,883 | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | -€6,755 | -€1,096 | -€1,753 | -€1,402 | €0 | €0 | €0 | - |
| Change in cash | - | €6,450 | €18,329 | -€15,204 | €27,213 | €1,398 | €21,962 | -€4,130 | - |
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, 31,368 companies had the same profile as BATOS ENGINEERING has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BATOS ENGINEERING 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 31,368 companies, not a prediction for BATOS ENGINEERING. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-04-2026 | 2026-00082648 | |
| 31-12-2024 | micro format | 15-04-2025 | 2025-00069378 | |
| 31-12-2023 | micro format | 25-03-2024 | 2024-00048575 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00275459 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20138447 | |
| 31-12-2020 | micro format | 27-05-2021 | 2021-15300216 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45000563 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-20400123 | |
| 31-12-2017 | micro format | 16-08-2018 | 2018-45800450 | |
| 31-12-2016 | micro format | 21-08-2017 | 2017-44500435 |