BB Nice
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00462648.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 20 filings
Turnover
≈ €210,000
Estimated: probably between €170,000 and €270,000
Total assets
€481,817▼ 1.6%
2024 · €489,572
Net result
€38,563▲ 22.1%
2024 · €31,582
Working capital
-€66,922▲ 25.5%
2024 · -€89,801
In the rankings
#6 oldest company in Sint-Gillis-Waas, Telecoms and IT sector#7 company by total assets in Sint-Gillis-Waas, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€65,732
▲ 14.1%
2025
20182025
Net result
€38,563
▲ 22.1%
2025
middle half of the sector
20182025
Equity
€185,865
▲ 26.2%
2025
highest quarter of the sector
20182025
Total assets
€481,817
▼ 1.6%
2025
highest quarter of the sector
20182025
Debt
€269,514
▼ 13.0%
2025
20182025
Working capital
-€66,922
▲ 25.5%
2025
lowest quarter of the sector
20182025
Solvency
38.6%
▲ 8.5pp
2025
middle half of the sector
20182025
Current ratio
0.54
▲ 0.11
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
8.0%
▲ 1.6pp
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€19,159-€16,556▼ 13.6%€26,058▲ 57.4%€59,039▲ 127%€22,973▼ 61.1%€60,446▲ 163%€57,624▼ 4.7%€65,732▲ 14.1%
Net result€10,381-€8,978▼ 13.5%€15,258within the sector's middle half▲ 70.0%€39,998within the sector's middle half▲ 162%€10,456within the sector's middle half▼ 73.9%€36,029within the sector's middle half▲ 245%€31,582within the sector's middle half▼ 12.3%€38,563within the sector's middle half▲ 22.1%
Equity€110,488-€119,466▲ 8.1%€80,162within the sector's middle half▼ 32.9%€90,020within the sector's middle half▲ 12.3%€90,071within the sector's middle half▲ 0.1%€115,720within the sector's middle half▲ 28.5%€147,302within the sector's middle half▲ 27.3%€185,865above the sector's middle half▲ 26.2%
Total assets€429,886-€439,095▲ 2.1%€430,940above the sector's middle half▼ 1.9%€454,747above the sector's middle half▲ 5.5%€462,203above the sector's middle half▲ 1.6%€510,687above the sector's middle half▲ 10.5%€489,572above the sector's middle half▼ 4.1%€481,817above the sector's middle half▼ 1.6%
Debt€250,573-€256,859▲ 2.5%€294,065▲ 14.5%€314,254▲ 6.9%€327,528▲ 4.2%€356,509▲ 8.8%€309,778▼ 13.1%€269,514▼ 13.0%
Working capital€25,379-€31,502▲ 24.1%-€30,840below the sector's middle half-€46,056below the sector's middle half▼ 49.3%-€79,301below the sector's middle half▼ 72.2%-€96,540below the sector's middle half▼ 21.7%-€89,801below the sector's middle half▲ 7.0%-€66,922below the sector's middle half▲ 25.5%
Solvency25.7%-27.2%▲ 1.5pp18.6%below the sector's middle half▼ 8.6pp19.8%below the sector's middle half▲ 1.2pp19.5%below the sector's middle half▼ 0.3pp22.7%below the sector's middle half▲ 3.2pp30.1%below the sector's middle half▲ 7.4pp38.6%within the sector's middle half▲ 8.5pp
Current ratio2.75-2.25▼ 0.510.64below the sector's middle half▼ 1.600.63below the sector's middle half▼ 0.010.44below the sector's middle half▼ 0.200.43below the sector's middle half▼ 0.010.42below the sector's middle half▼ 0.010.54below the sector's middle half▲ 0.11
Return on assets (ROA)2.4%-2.0%▼ 0.4pp3.5%within the sector's middle half▲ 1.5pp8.8%within the sector's middle half▲ 5.3pp2.3%below the sector's middle half▼ 6.5pp7.1%within the sector's middle half▲ 4.8pp6.5%within the sector's middle half▼ 0.6pp8.0%within the sector's middle half▲ 1.6pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 14% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
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 €481,817
Fixed assets
€404,485 ▼ 4.5%
Current assets
€77,332 ▲ 17.0%
Equity and liabilities €481,817
Equity
€185,865 ▲ 26.2%
Provisions
€26,438 ▼ 18.6%
Debt
€269,514 ▼ 13.0%
Debt's share of the balance-sheet total falls from 63.3% to 55.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,099▲
2024 · €80,249
Cash flow
€61,930▲
2024 · €54,207
Debt to equity
1.45▼
2024 · 2.10
ROE
20.7%▼
2024 · 21.4%
Interest coverage
8.17▲
2024 · 6.32
Debt ≤ 1 year
€144,254▼
2024 · €155,877
Debt > 1 year
€90,344▼
2024 · €110,584
Income taxes
€16,270▲
2024 · €13,366
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 | €7,769 | €43,062 | €82,397 | €8,447 | €4,356 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €8,082 | €17,868 | €10,740 | €22,625 | €23,367 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €239 awardedAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,429 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €110 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,211 | €7,707 | €7,367 | €8,082 | €17,868 | €10,740 | €22,625 | €23,367 | ▲ 3.3% |
| Other operating charges640/8 | - | - | - | €1,887 | €1,602 | €1,029 | €913 | €763 | ▼ 16.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €4,969 | €340 | €0 | ▼ 100% |
| Gross operating margin9900 | €29,772 | €26,211 | €36,190 | €69,117 | €42,444 | €77,184 | €81,502 | €89,862 | ▲ 10.3% |
| Operating profit (loss)9901 | €19,159 | €16,556 | €26,058 | €59,039 | €22,973 | €60,446 | €57,624 | €65,732 | ▲ 14.1% |
| Financial income75/76B | - | - | - | €176 | €14 | €6 | €13 | €13 | = |
| Recurring financial income75 | €658 | €802 | €460 | €176 | €14 | €6 | €13 | €13 | = |
| Financial charges65/66B | - | - | - | €3,396 | €7,409 | €9,422 | €12,688 | €10,911 | ▼ 14.0% |
| Recurring financial charges65 | €3,557 | €4,087 | €3,971 | €3,396 | €7,409 | €9,422 | €12,688 | €10,911 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €16,260 | €13,270 | €22,546 | €55,819 | €15,579 | €51,030 | €44,948 | €54,834 | ▲ 22.0% |
| Income taxes67/77 | €5,879 | €4,292 | €7,288 | €15,821 | €5,123 | €15,001 | €13,366 | €16,270 | ▲ 21.7% |
| Profit (loss) for the period9904 | €10,381 | €8,978 | €15,258 | €39,998 | €10,456 | €36,029 | €31,582 | €38,563 | ▲ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €10,381 | €8,978 | €15,258 | €39,998 | €10,456 | €36,029 | €31,582 | €38,563 | ▲ 22.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €429,886 | €439,095 | €430,940 | €454,747 | €462,203 | €510,687 | €489,572 | €481,817 | ▼ 1.6% |
| Fixed assets21/28 | €390,023 | €382,316 | €374,948 | €374,635 | €400,423 | €437,674 | €423,496 | €404,485 | ▼ 4.5% |
| Tangible fixed assets22/27 | €389,768 | €382,061 | €374,693 | €374,380 | €400,168 | €437,419 | €423,241 | €404,230 | ▼ 4.5% |
| Land and buildings22 | - | - | - | €372,595 | €364,683 | €380,200 | €376,264 | €369,178 | ▼ 1.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,676 | €1,298 | ▼ 22.6% |
| Furniture and vehicles24 | - | - | - | €1,786 | €35,485 | €57,219 | €45,301 | €33,754 | ▼ 25.5% |
| Financial fixed assets28 | €255 | €255 | €255 | €255 | €255 | €255 | €255 | €255 | = |
| Current assets29/58 | €39,863 | €56,779 | €55,992 | €80,112 | €61,780 | €73,013 | €66,077 | €77,332 | ▲ 17.0% |
| Amounts receivable after more than one year29 | - | - | - | €146 | €0 | - | - | - | - |
| Trade receivables290 | - | - | - | €146 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €19,765 | €21,589 | €18,531 | €30,038 | €8,961 | €45,732 | €40,696 | €44,191 | ▲ 8.6% |
| Trade receivables40 | - | - | - | €29,338 | €3,361 | €44,693 | €40,696 | €44,115 | ▲ 8.4% |
| Other amounts receivable41 | - | - | - | €700 | €5,600 | €1,040 | €0 | €77 | - |
| Cash at bank and in hand54/58 | €14,251 | €30,662 | €34,725 | €49,927 | €52,795 | €27,113 | €25,352 | €23,141 | ▼ 8.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €25 | €168 | €29 | €10,000 | ▲ 349× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €429,886 | €439,095 | €430,940 | €454,747 | €462,203 | €510,687 | €489,572 | €481,817 | ▼ 1.6% |
| Equity10/15 | €110,488 | €119,466 | €80,162 | €90,020 | €90,071 | €115,720 | €147,302 | €185,865 | ▲ 26.2% |
| Contributions10/11 | €9,200 | €9,200 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €100,869 | €109,847 | €75,162 | €85,020 | €85,071 | €110,720 | €142,302 | €180,865 | ▲ 27.1% |
| Distributable reserves133 | - | - | - | €85,020 | €85,071 | €110,720 | €142,302 | €180,865 | ▲ 27.1% |
| Profit (loss) carried forward14 | €419 | €419 | €0 | €0 | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €68,825 | €62,769 | €56,714 | €50,474 | €44,604 | €38,458 | €32,493 | €26,438 | ▼ 18.6% |
| Provisions for liabilities and charges160/5 | - | - | - | €50,474 | €44,604 | €38,458 | €32,493 | €26,438 | ▼ 18.6% |
| Environmental obligations163 | - | - | - | €50,474 | €44,604 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | €38,458 | €32,493 | €26,438 | ▼ 18.6% |
| Amounts payable17/49 | €250,573 | €256,859 | €294,065 | €314,254 | €327,528 | €356,509 | €309,778 | €269,514 | ▼ 13.0% |
| Amounts payable after more than one year17 | €142,374 | €132,878 | €122,353 | €112,412 | €119,118 | €135,240 | €110,584 | €90,344 | ▼ 18.3% |
| Financial debts170/4 | - | - | - | €112,412 | €119,118 | €135,240 | €110,584 | €90,344 | ▼ 18.3% |
| Amounts payable within one year42/48 | €14,484 | €25,277 | €86,832 | €126,168 | €141,081 | €169,553 | €155,877 | €144,254 | ▼ 7.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,941 | €21,700 | €30,881 | €24,666 | €20,240 | ▼ 17.9% |
| Financial debts43 | - | - | - | €99 | €10,245 | €10,397 | €10,358 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €99 | €0 | - | - | - | - |
| Other loans439 | - | - | - | - | €10,245 | €10,397 | €10,358 | €0 | ▼ 100% |
| Trade debts44 | €3,111 | €4,774 | €4,577 | €14,995 | €4,386 | €3,684 | €3,418 | €3,848 | ▲ 12.6% |
| Suppliers440/4 | - | - | - | €14,995 | €4,386 | €3,684 | €3,418 | €3,848 | ▲ 12.6% |
| Taxes, remuneration and social security45 | - | - | - | €16,873 | €5,252 | €4,378 | €10,008 | €13,121 | ▲ 31.1% |
| Taxes450/3 | - | - | - | €16,873 | €5,252 | €4,378 | €10,008 | €13,121 | ▲ 31.1% |
| Other amounts payable47/48 | - | - | - | €84,261 | €99,497 | €120,212 | €107,428 | €107,044 | ▼ 0.4% |
| Accrued charges and deferred income492/3 | - | - | - | €75,674 | €67,330 | €51,716 | €43,316 | €34,916 | ▼ 19.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,381 | €8,978 | €15,258 | €39,998 | €10,456 | €36,029 | €31,582 | €38,563 | ▲ 22.1% |
| + Depreciation and write-downs630 | €8,211 | €7,707 | €7,367 | €8,082 | €17,868 | €10,740 | €22,625 | €23,367 | ▲ 3.3% |
| Operating cash flow (approximation) | €18,591 | €16,685 | €22,626 | €48,080 | €28,324 | €46,769 | €54,207 | €61,930 | ▲ 14.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,769 | -€43,656 | -€47,991 | -€8,447 | -€4,356 | ▲ 48.4% |
| Change in cash | - | €16,411 | €4,064 | €15,202 | €2,867 | -€25,682 | -€1,761 | -€2,211 | ▼ 25.6% |
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, 20,136 companies had the same profile as BB Nice has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of BB Nice 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 20,136 companies, not a prediction for BB Nice. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00462648 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00337746 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00395788 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00352819 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20245266 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54500018 | |
| 30-12-2019 | micro format | 29-10-2020 | 2020-64300132 | |
| 30-12-2018 | micro format | 30-08-2019 | 2019-55100404 | |
| 30-12-2017 | micro format | 30-08-2018 | 2018-54900376 | |
| 30-12-2016 | abbreviated format | 24-06-2017 | 2017-22000355 |