BB NAILS
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 2 November 2026.
Annual accounts 2024 filed on 30-09-2025 PDF all 6 filings
Turnover
€43,130▲ 124%
2022 · €19,293
EBIT margin
2.7%▲ 14.8pp
2022 · -12.2%
Net result
€1,146▲ 14.4%
2023 · €1,002
Working capital
-€3,836▲ 0.2%
2023 · -€3,843
Multi-year overview
2019 to 2024, 6 financial yearsTurnover
no figure
2024
20192024
Operating result
€1,356
▲ 18.0%
2024
20192024
Net result
€1,146
▲ 14.4%
2024
middle half of the sector
20192024
EBIT margin
no figure
2024
20192024
Equity
€2,596
▲ 79.0%
2024
middle half of the sector
20192024
Total assets
€21,014
▲ 4.3%
2024
lowest quarter of the sector
20192024
Debt
€18,418
▼ 1.5%
2024
20192024
Working capital
-€3,836
▲ 0.2%
2024
middle half of the sector
20192024
Solvency
12.4%
▲ 5.2pp
2024
middle half of the sector
20192024
Current ratio
0.79
=
2024
middle half of the sector
20192024
Return on assets (ROA)
5.5%
▲ 0.5pp
2024
middle half of the sector
20192024
Staff (FTE)
0.8
▲ 300%
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€12,130€13,670▲ 12.7%€19,293▲ 41.1%€43,130▲ 124%
Operating result-€1,845--€6,646▼ 260%-€5,971▲ 10.2%-€2,345▲ 60.7%€1,150€1,356▲ 18.0%
Net result-€1,848--€6,761below the sector's middle half▼ 266%-€1,649within the sector's middle half▲ 75.6%-€2,493within the sector's middle half▼ 51.2%€1,002within the sector's middle half€1,146within the sector's middle half▲ 14.4%
EBIT margin-54.8%-43.7%▲ 11.1pp-12.2%▲ 31.5pp2.7%▲ 14.8pp
Equity€4,352-€91within the sector's middle half▼ 97.9%€442within the sector's middle half▲ 388%€449within the sector's middle half▲ 1.6%€1,451within the sector's middle half▲ 223%€2,596within the sector's middle half▲ 79.0%
Total assets€5,247-€7,776below the sector's middle half▲ 48.2%€7,763below the sector's middle half▼ 0.2%€11,556below the sector's middle half▲ 48.9%€20,153below the sector's middle half▲ 74.4%€21,014below the sector's middle half▲ 4.3%
Debt€895-€7,686▲ 759%€7,321▼ 4.8%€11,107▲ 51.7%€18,702▲ 68.4%€18,418▼ 1.5%
Working capital€3,616--€645within the sector's middle half-€147within the sector's middle half▲ 77.2%€7within the sector's middle half-€3,843within the sector's middle half-€3,836within the sector's middle half▲ 0.2%
Solvency82.9%-1.2%within the sector's middle half▼ 81.8pp5.7%within the sector's middle half▲ 4.5pp3.9%within the sector's middle half▼ 1.8pp7.2%within the sector's middle half▲ 3.3pp12.4%within the sector's middle half▲ 5.2pp
Current ratio5.04-0.92within the sector's middle half▼ 4.120.98within the sector's middle half▲ 0.061.00within the sector's middle half▲ 0.020.79within the sector's middle half▼ 0.210.79within the sector's middle half=
Return on assets (ROA)-35.2%--86.9%below the sector's middle half▼ 51.7pp-21.2%below the sector's middle half▲ 65.7pp-21.6%below the sector's middle half▼ 0.3pp5.0%within the sector's middle half▲ 26.5pp5.5%within the sector's middle half▲ 0.5pp
Staff (FTE)0.20.8▲ 300%
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 18% higher than in 2023 and the highest since 2020. It is the fourth rise in a row.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20,868
Fixed assets
€6,285 ▲ 25.7%
Current assets
€14,582 ▼ 1.9%
Equity and liabilities €21,014
Equity
€2,596 ▲ 79.0%
Debt
€18,418 ▼ 1.5%
Debt's share of the balance-sheet total falls from 92.8% to 87.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1,505▲
2023 · €1,297
Cash flow
€1,294▲
2023 · €1,149
Debt to equity
7.09▼
2023 · 12.89
ROE
44.1%▼
2023 · 69.1%
Interest coverage
7.14▼
2023 · 8.46
Debt ≤ 1 year
€18,418▼
2023 · €18,702
Staff costs
€14,602▲
2023 · €4,472
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | - | 2 |
| full-time | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | - | 1.5 |
| Average over the year, in full-time equivalents | 0.2 | 0.8 |
| On a permanent contract | - | 2 |
| Joined | 2 | 2 |
| Left | 2 | 1 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,286 |
| Financial fixed assets | - | - | €5,000 | - |
| Depreciation and write-downs of the year | €147 | €147 | €147 | €148 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | €12,130 | €13,670 | €19,293 | €43,130 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €19,131 | €20,511 | €33,899 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €4,472 | €14,602 | ▲ 227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0 | €147 | €147 | €147 | €148 | ▲ 0.8% |
| Other operating charges640/8 | - | - | €363 | €980 | €3,462 | €3,693 | ▲ 6.7% |
| Gross operating margin9900 | -€1,377 | -€6,646 | -€5,461 | -€1,218 | €9,231 | €19,800 | ▲ 114% |
| Operating profit (loss)9901 | -€1,845 | -€6,646 | -€5,971 | -€2,345 | €1,150 | €1,356 | ▲ 18.0% |
| Financial income75/76B | - | - | €4,506 | €6 | €6 | €0 | ▼ 99.4% |
| Recurring financial income75 | - | €0 | €4,506 | €6 | €6 | €0 | ▼ 99.4% |
| Financial charges65/66B | - | - | €183 | €153 | €153 | €211 | ▲ 37.5% |
| Recurring financial charges65 | €3 | €115 | €183 | €153 | €153 | €211 | ▲ 37.5% |
| Profit (loss) for the period before taxes9903 | -€1,848 | -€6,761 | -€1,648 | -€2,492 | €1,003 | €1,146 | ▲ 14.3% |
| Income taxes67/77 | - | €0 | €1 | €1 | €1 | - | - |
| Profit (loss) for the period9904 | -€1,848 | -€6,761 | -€1,649 | -€2,493 | €1,002 | €1,146 | ▲ 14.4% |
| Profit (loss) for the period to be appropriated9905 | -€1,848 | -€6,761 | -€1,649 | -€2,493 | €1,002 | €1,146 | ▲ 14.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €5,247 | €7,776 | €7,763 | €11,556 | €20,153 | €21,014 | ▲ 4.3% |
| Formation expenses20 | €736 | €736 | €589 | €441 | €294 | €147 | ▼ 50.1% |
| Fixed assets21/28 | - | €0 | - | - | €5,000 | €6,285 | ▲ 25.7% |
| Tangible fixed assets22/27 | - | - | - | - | - | €1,285 | - |
| Furniture and vehicles24 | - | - | - | - | - | €1,285 | - |
| Financial fixed assets28 | - | €0 | - | - | €5,000 | €5,000 | = |
| Current assets29/58 | €4,511 | €7,040 | €7,174 | €11,114 | €14,859 | €14,582 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €2,963 | €329 | €0 | €0 | €530 | €40 | ▼ 92.4% |
| Trade receivables40 | - | - | €0 | €0 | €530 | €40 | ▼ 92.4% |
| Other amounts receivable41 | - | - | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €1,548 | €6,712 | €7,174 | €11,114 | €14,328 | €14,542 | ▲ 1.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €5,247 | €7,776 | €7,763 | €11,556 | €20,153 | €21,014 | ▲ 4.3% |
| Equity10/15 | €4,352 | €91 | €442 | €449 | €1,451 | €2,596 | ▲ 79.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€1,848 | -€6,109 | -€5,758 | -€5,751 | -€4,749 | -€3,604 | ▲ 24.1% |
| Amounts payable17/49 | €895 | €7,686 | €7,321 | €11,107 | €18,702 | €18,418 | ▼ 1.5% |
| Amounts payable within one year42/48 | €895 | €7,686 | €7,321 | €11,107 | €18,702 | €18,418 | ▼ 1.5% |
| Trade debts44 | - | €369 | €39 | €365 | €148 | €131 | ▼ 11.7% |
| Suppliers440/4 | - | - | €39 | €365 | €148 | €131 | ▼ 11.7% |
| Taxes, remuneration and social security45 | - | - | €1,172 | €2,933 | €4,044 | €4,763 | ▲ 17.8% |
| Taxes450/3 | - | - | €1,172 | €2,933 | €3,999 | €2,627 | ▼ 34.3% |
| Remuneration and social security454/9 | - | - | - | - | €45 | €2,136 | ▲ 48× |
| Other amounts payable47/48 | - | - | €6,109 | €7,809 | €14,510 | €13,524 | ▼ 6.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,848 | -€6,761 | -€1,649 | -€2,493 | €1,002 | €1,146 | ▲ 14.4% |
| + Depreciation and write-downs630 | - | €0 | €147 | €147 | €147 | €148 | ▲ 0.8% |
| Operating cash flow (approximation) | -€1,848 | -€6,761 | -€1,501 | -€2,346 | €1,149 | €1,294 | ▲ 12.6% |
| Investment in fixed assets (approximation) | - | - | - | - | - | -€1,434 | - |
| Change in cash | - | €5,164 | €462 | €3,941 | €3,214 | €214 | ▼ 93.4% |
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, 6,713 companies had the same profile as BB NAILS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BB NAILS itself is higher: 3.7% within 12 months. It rests on far more data about BB NAILS 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 6,713 companies, not a prediction for BB NAILS. 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 |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00527350 | |
| 31-12-2023 | micro format | 19-09-2024 | 2024-00466576 | |
| 31-12-2022 | micro format | 02-10-2023 | 2023-00468449 | |
| 31-12-2021 | micro format | 14-09-2022 | 2022-20431380 | |
| 31-12-2020 | micro format | 16-11-2021 | 2021-77800231 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-42400522 |