BB Incoma
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 02-11-2025 PDF all 7 filings
Equity
€6,490▼ 55.0%
2023 · €14,420
Total assets
€10,099▼ 51.4%
2023 · €20,782
Net result
-€7,930▲ 70.7%
2023 · -€27,018
Working capital
€5,189▼ 42.2%
2023 · €8,981
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€7,844
▲ 70.8%
2024
20182024
Net result
-€7,930
▲ 70.7%
2024
lowest quarter of the sector
20182024
Equity
€6,490
▼ 55.0%
2024
lowest quarter of the sector
20182024
Total assets
€10,099
▼ 51.4%
2024
lowest quarter of the sector
20182024
Debt
€3,609
▼ 43.3%
2024
20182024
Working capital
€5,189
▼ 42.2%
2024
middle half of the sector
20182024
Solvency
64.3%
▼ 5.1pp
2024
middle half of the sector
20182024
Current ratio
2.44
▲ 0.03
2024
middle half of the sector
20182024
Return on assets (ROA)
-78.5%
▲ 51.5pp
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€5,977--€2,418▲ 59.5%€15,722€37,001▲ 135%€4,785▼ 87.1%-€26,867-€7,844▲ 70.8%
Net result-€6,009--€2,455▲ 59.2%€12,802within the sector's middle half€23,815within the sector's middle half▲ 86.0%€1,407within the sector's middle half▼ 94.1%-€27,018below the sector's middle half-€7,930below the sector's middle half▲ 70.7%
Equity€5,868-€3,414▼ 41.8%€16,216within the sector's middle half▲ 375%€40,031within the sector's middle half▲ 147%€41,438within the sector's middle half▲ 3.5%€14,420below the sector's middle half▼ 65.2%€6,490below the sector's middle half▼ 55.0%
Total assets€5,868-€3,443▼ 41.3%€21,044below the sector's middle half▲ 511%€66,351within the sector's middle half▲ 215%€65,329within the sector's middle half▼ 1.5%€20,782below the sector's middle half▼ 68.2%€10,099below the sector's middle half▼ 51.4%
Debt€29€4,829▲ 167×€26,320▲ 445%€23,891▼ 9.2%€6,363▼ 73.4%€3,609▼ 43.3%
Working capital€3,414€16,216within the sector's middle half▲ 375%€26,910within the sector's middle half▲ 65.9%€28,860within the sector's middle half▲ 7.2%€8,981within the sector's middle half▼ 68.9%€5,189within the sector's middle half▼ 42.2%
Solvency100.0%-77.1%above the sector's middle half60.3%within the sector's middle half▼ 16.7pp63.4%within the sector's middle half▲ 3.1pp69.4%within the sector's middle half▲ 6.0pp64.3%within the sector's middle half▼ 5.1pp
Current ratio4.36above the sector's middle half2.19within the sector's middle half▼ 2.162.21within the sector's middle half▲ 0.012.41within the sector's middle half▲ 0.202.44within the sector's middle half▲ 0.03
Return on assets (ROA)-102.4%-60.8%above the sector's middle half35.9%above the sector's middle half▼ 24.9pp2.2%within the sector's middle half▼ 33.7pp-130.0%below the sector's middle half▼ 132.2pp-78.5%below the sector's middle half▲ 51.5pp
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 2024 is a loss of €7,844, smaller than the loss of €26,867 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10,099
Fixed assets
€1,301 ▼ 76.1%
Current assets
€8,797 ▼ 42.7%
Equity and liabilities €10,099
Equity
€6,490 ▼ 55.0%
Debt
€3,609 ▼ 43.3%
Debt's share of the balance-sheet total rises from 30.6% to 35.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,707▲
2023 · -€19,728
Cash flow
-€3,792▲
2023 · -€19,879
Debt to equity
0.56▲
2023 · 0.44
ROE
-122.2%▲
2023 · -187.4%
Interest coverage
-43.44▲
2023 · -255.29
Debt ≤ 1 year
€3,609▼
2023 · €6,363
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €19,999 | €2,800 | - | - |
| Depreciation and write-downs of the year | €3,095 | €7,126 | €7,139 | €4,137 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3,095 | €7,126 | €7,139 | €4,137 | ▼ 42.0% |
| Other operating charges640/8 | - | - | - | €414 | €259 | €115 | €213 | ▲ 84.9% |
| Gross operating margin9900 | -€5,977 | -€2,374 | €16,066 | €40,510 | €12,170 | -€19,613 | -€3,494 | ▲ 82.2% |
| Operating profit (loss)9901 | -€5,977 | -€2,418 | €15,722 | €37,001 | €4,785 | -€26,867 | -€7,844 | ▲ 70.8% |
| Recurring financial income75 | - | - | €143 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €552 | €160 | €77 | €85 | ▲ 10.4% |
| Recurring financial charges65 | €32 | €36 | €473 | €552 | €160 | €77 | €85 | ▲ 10.4% |
| Profit (loss) for the period before taxes9903 | -€6,009 | -€2,455 | €15,392 | €36,449 | €4,625 | -€26,945 | -€7,930 | ▲ 70.6% |
| Income taxes67/77 | - | - | €2,589 | €12,634 | €3,218 | €73 | - | - |
| Profit (loss) for the period9904 | -€6,009 | -€2,455 | €12,802 | €23,815 | €1,407 | -€27,018 | -€7,930 | ▲ 70.7% |
| Profit (loss) for the period to be appropriated9905 | -€6,009 | -€2,455 | €12,802 | €23,815 | €1,407 | -€27,018 | -€7,930 | ▲ 70.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5,868 | €3,443 | €21,044 | €66,351 | €65,329 | €20,782 | €10,099 | ▼ 51.4% |
| Fixed assets21/28 | - | - | - | €16,904 | €12,578 | €5,439 | €1,301 | ▼ 76.1% |
| Tangible fixed assets22/27 | - | - | - | €16,904 | €12,578 | €5,439 | €1,301 | ▼ 76.1% |
| Furniture and vehicles24 | - | - | - | €16,345 | €9,896 | €3,447 | - | - |
| Other tangible fixed assets26 | - | - | - | €559 | €2,681 | €1,991 | €1,301 | ▼ 34.6% |
| Current assets29/58 | €5,868 | €3,443 | €21,044 | €49,447 | €52,751 | €15,344 | €8,797 | ▼ 42.7% |
| Amounts receivable within one year40/41 | €4,960 | €2,860 | €20,814 | €38,990 | €37,684 | €15,341 | €8,778 | ▼ 42.8% |
| Trade receivables40 | - | - | - | €13,636 | €13,636 | - | - | - |
| Other amounts receivable41 | - | - | - | €25,354 | €24,048 | €15,341 | €8,778 | ▼ 42.8% |
| Cash at bank and in hand54/58 | €747 | €421 | €69 | €10,343 | €15,014 | €3 | €19 | ▲ 515% |
| Deferred charges and accrued income490/1 | - | - | - | €114 | €53 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5,868 | €3,443 | €21,044 | €66,351 | €65,329 | €20,782 | €10,099 | ▼ 51.4% |
| Equity10/15 | €5,868 | €3,414 | €16,216 | €40,031 | €41,438 | €14,420 | €6,490 | ▼ 55.0% |
| Contributions10/11 | €11,877 | €11,877 | - | €11,877 | €11,877 | €11,877 | €11,877 | = |
| Reserves13 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€6,009 | -€8,463 | €4,339 | €8,154 | €9,561 | -€17,457 | -€25,387 | ▼ 45.4% |
| Amounts payable17/49 | - | €29 | €4,829 | €26,320 | €23,891 | €6,363 | €3,609 | ▼ 43.3% |
| Amounts payable after more than one year17 | - | - | - | €3,783 | - | - | - | - |
| Financial debts170/4 | - | - | - | €3,783 | - | - | - | - |
| Amounts payable within one year42/48 | - | €29 | €4,829 | €22,537 | €23,891 | €6,363 | €3,609 | ▼ 43.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,570 | €3,365 | - | - | - |
| Trade debts44 | - | €29 | - | €2,729 | €2,659 | €1,022 | - | - |
| Suppliers440/4 | - | - | - | €2,729 | €2,659 | €1,022 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €15,223 | €17,852 | €5,325 | €3,593 | ▼ 32.5% |
| Taxes450/3 | - | - | - | €15,223 | €17,852 | €5,325 | €3,593 | ▼ 32.5% |
| Other amounts payable47/48 | - | - | - | €15 | €15 | €15 | €15 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,009 | -€2,455 | €12,802 | €23,815 | €1,407 | -€27,018 | -€7,930 | ▲ 70.7% |
| + Depreciation and write-downs630 | - | - | - | €3,095 | €7,126 | €7,139 | €4,137 | ▼ 42.0% |
| Operating cash flow (approximation) | -€6,009 | -€2,455 | €12,802 | €26,910 | €8,533 | -€19,879 | -€3,792 | ▲ 80.9% |
| Investment in fixed assets (approximation) | - | - | - | - | -€2,800 | €0 | €0 | - |
| Change in cash | - | -€326 | -€352 | €10,274 | €4,671 | -€15,011 | €16 | - |
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, 3,591 companies had the same profile as BB Incoma has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BB Incoma itself is higher: 4.9% within 12 months. It rests on far more data about BB Incoma 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 3,591 companies, not a prediction for BB Incoma. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 02-11-2025 | 2025-00564069 | |
| 31-12-2023 | micro format | 23-11-2024 | 2024-00607482 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00139373 | |
| 31-12-2021 | micro format | 12-09-2022 | 2022-20426938 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23500324 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38300071 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68100232 |