BBS CONSULT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 65 days after the deadline Filed on 4 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00545607.
Annual accounts 2025 filed on 04-10-2026 at the NBB all 35 filings
Turnover
≈ €89,000
Estimated: probably between €64,000 and €120,000
EBIT margin
Not included in this filing
Net result
-€10,927▲ 57.1%
2024 · -€25,443
Working capital
-€11,727▼ 23.8%
2024 · -€9,471
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€6,882
▲ 61.7%
2025
20182025
Net result
-€10,927
▲ 57.1%
2025
lowest quarter of the sector
20182025
Equity
€72,965
▼ 13.0%
2025
middle half of the sector
20182025
Total assets
€161,567
▼ 24.5%
2025
middle half of the sector
20182025
Debt
€88,602
▼ 31.9%
2025
20182025
Working capital
-€11,727
▼ 23.8%
2025
lowest quarter of the sector
20182025
Solvency
45.2%
▲ 6.0pp
2025
middle half of the sector
20182025
Current ratio
0.87
▼ 0.06
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-6.8%
▲ 5.1pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€173,877-€180,205▲ 3.6%€179,671▼ 0.3%€140,942▼ 21.6%€22,248▼ 84.2%€18,833▼ 15.4%-€17,981-€6,882▲ 61.7%
Net result€128,552-€133,603▲ 3.9%€138,141within the sector's middle half▲ 3.4%€93,633within the sector's middle half▼ 32.2%€14,549within the sector's middle half▼ 84.5%€6,966below the sector's middle half▼ 52.1%-€25,443below the sector's middle half-€10,927below the sector's middle half▲ 57.1%
Equity€422,444-€56,047▼ 86.7%€94,188within the sector's middle half▲ 68.1%€87,821within the sector's middle half▼ 6.8%€102,370within the sector's middle half▲ 16.6%€109,336within the sector's middle half▲ 6.8%€83,892within the sector's middle half▼ 23.3%€72,965within the sector's middle half▼ 13.0%
Total assets€466,719-€406,773▼ 12.8%€233,114below the sector's middle half▼ 42.7%€219,575below the sector's middle half▼ 5.8%€249,008within the sector's middle half▲ 13.4%€238,650within the sector's middle half▼ 4.2%€213,963within the sector's middle half▼ 10.3%€161,567within the sector's middle half▼ 24.5%
Debt€44,275-€350,726▲ 692%€138,925▼ 60.4%€131,754▼ 5.2%€146,638▲ 11.3%€129,315▼ 11.8%€130,070▲ 0.6%€88,602▼ 31.9%
Working capital€296,470--€61,396-€52,131below the sector's middle half▲ 15.1%-€48,509below the sector's middle half▲ 6.9%-€22,496below the sector's middle half▲ 53.6%€1,711below the sector's middle half-€9,471below the sector's middle half-€11,727below the sector's middle half▼ 23.8%
Solvency90.5%-13.8%▼ 76.7pp40.4%within the sector's middle half▲ 26.6pp40.0%within the sector's middle half▼ 0.4pp41.1%within the sector's middle half▲ 1.1pp45.8%within the sector's middle half▲ 4.7pp39.2%within the sector's middle half▼ 6.6pp45.2%within the sector's middle half▲ 6.0pp
Current ratio7.77-0.82▼ 6.950.62below the sector's middle half▼ 0.200.63below the sector's middle half▲ 0.010.85below the sector's middle half▲ 0.211.01below the sector's middle half▲ 0.170.93below the sector's middle half▼ 0.090.87below the sector's middle half▼ 0.06
Return on assets (ROA)27.5%-32.8%▲ 5.3pp59.3%above the sector's middle half▲ 26.4pp42.6%above the sector's middle half▼ 16.6pp5.8%within the sector's middle half▼ 36.8pp2.9%below the sector's middle half▼ 2.9pp-11.9%below the sector's middle half▼ 14.8pp-6.8%below the sector's middle half▲ 5.1pp
Staff (FTE)3-3=3within the sector's middle half=3within the sector's middle half=2▼ 33.3%1.8▼ 10.0%
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). 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 €6,882, smaller than the loss of €17,981 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,567
Fixed assets
€84,692 ▼ 9.3%
Current assets
€76,875 ▼ 36.3%
Equity and liabilities €161,567
Equity
€72,965 ▼ 13.0%
Debt
€88,602 ▼ 31.9%
Debt's share of the balance-sheet total falls from 60.8% to 54.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,789▲
2024 · -€2,230
Cash flow
-€2,256▲
2024 · -€9,692
Debt to equity
1.21▼
2024 · 1.55
ROE
-15.0%▲
2024 · -30.3%
Interest coverage
0.39▲
2024 · -0.24
Debt ≤ 1 year
€88,602▼
2024 · €130,070
Staff costs
€23,846▼
2024 · €45,251
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 |
| full-time | 3 | 2 | 1 |
| part-time | - | - | 1 |
| in full-time equivalents | 3 | 2 | 1.8 |
| Average over the year, in full-time equivalents | 3 | 2 | 1.8 |
| On a permanent contract | 3 | 2 | 2 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,625 | €1,980 | - | - | - |
| Intangible fixed assets | - | €2,300 | - | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €14,614 | €15,744 | €15,751 | €15,751 | €8,671 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €92,334 | €72,759 | €71,471 | €45,251 | €23,846 | ▼ 47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,288 | €9,016 | €9,277 | €14,614 | €15,744 | €15,751 | €15,751 | €8,671 | ▼ 44.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €8,172 | - |
| Other operating charges640/8 | - | - | - | €3,157 | €1,148 | €2,671 | €2,032 | €2,071 | ▲ 1.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €427 | €147 | €400 | ▲ 172% |
| Gross operating margin9900 | €280,399 | €285,112 | €292,623 | €251,048 | €111,899 | €109,153 | €45,201 | €36,278 | ▼ 19.7% |
| Operating profit (loss)9901 | €173,877 | €180,205 | €179,671 | €140,942 | €22,248 | €18,833 | -€17,981 | -€6,882 | ▲ 61.7% |
| Financial income75/76B | - | - | - | €163 | €1 | €104 | €1,647 | €574 | ▼ 65.2% |
| Recurring financial income75 | €389 | €629 | €81 | €163 | €1 | €104 | €1,647 | €574 | ▼ 65.2% |
| Financial charges65/66B | - | - | - | €151 | €2,080 | €8,297 | €9,109 | €4,619 | ▼ 49.3% |
| Recurring financial charges65 | €793 | €448 | €184 | €151 | €2,080 | €8,297 | €9,109 | €4,619 | ▼ 49.3% |
| Profit (loss) for the period before taxes9903 | €173,473 | €180,386 | €179,568 | €140,954 | €20,169 | €10,640 | -€25,443 | -€10,927 | ▲ 57.1% |
| Income taxes67/77 | €44,921 | €46,783 | €41,426 | €47,321 | €5,619 | €3,674 | - | - | - |
| Profit (loss) for the period9904 | €128,552 | €133,603 | €138,141 | €93,633 | €14,549 | €6,966 | -€25,443 | -€10,927 | ▲ 57.1% |
| Profit (loss) for the period to be appropriated9905 | €128,552 | €133,603 | €138,141 | €93,633 | €14,549 | €6,966 | -€25,443 | -€10,927 | ▲ 57.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €466,719 | €406,773 | €233,114 | €219,575 | €249,008 | €238,650 | €213,963 | €161,567 | ▼ 24.5% |
| Fixed assets21/28 | €126,459 | €117,443 | €146,319 | €136,330 | €124,866 | €109,115 | €93,364 | €84,692 | ▼ 9.3% |
| Intangible fixed assets21 | - | - | - | - | €1,790 | €1,028 | €267 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €126,459 | €117,443 | €146,319 | €136,330 | €123,077 | €108,087 | €93,097 | €84,692 | ▼ 9.0% |
| Land and buildings22 | - | - | - | €133,258 | €119,263 | €105,546 | €91,830 | €84,096 | ▼ 8.4% |
| Furniture and vehicles24 | - | - | - | €3,072 | €3,814 | €2,541 | €1,267 | €597 | ▼ 52.9% |
| Current assets29/58 | €340,260 | €289,331 | €86,795 | €83,245 | €124,141 | €129,535 | €120,599 | €76,875 | ▼ 36.3% |
| Amounts receivable within one year40/41 | €47,470 | €46,770 | €44,664 | €60,416 | €107,039 | €117,580 | €119,398 | €75,424 | ▼ 36.8% |
| Trade receivables40 | - | - | - | €56,224 | €100,509 | €113,480 | €112,366 | €70,005 | ▼ 37.7% |
| Other amounts receivable41 | - | - | - | €4,192 | €6,530 | €4,100 | €7,032 | €5,419 | ▼ 22.9% |
| Cash at bank and in hand54/58 | €292,789 | €242,561 | €42,131 | €21,692 | €17,033 | €8,233 | €662 | €1,250 | ▲ 88.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,136 | €69 | €3,722 | €539 | €201 | ▼ 62.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €466,719 | €406,773 | €233,114 | €219,575 | €249,008 | €238,650 | €213,963 | €161,567 | ▼ 24.5% |
| Equity10/15 | €422,444 | €56,047 | €94,188 | €87,821 | €102,370 | €109,336 | €83,892 | €72,965 | ▼ 13.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | €20,460 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | €20,460 | - | - |
| Reserves13 | €28,110 | €28,110 | €28,110 | €28,110 | €28,110 | €26,250 | €26,250 | €26,250 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €26,250 | €26,250 | €26,250 | €26,250 | €26,250 | = |
| Profit (loss) carried forward14 | €375,734 | €9,337 | €47,478 | €41,111 | €55,660 | €62,626 | €37,182 | €26,255 | ▼ 29.4% |
| Amounts payable17/49 | €44,275 | €350,726 | €138,925 | €131,754 | €146,638 | €129,315 | €130,070 | €88,602 | ▼ 31.9% |
| Amounts payable within one year42/48 | €43,790 | €350,726 | €138,925 | €131,754 | €146,638 | €127,825 | €130,070 | €88,602 | ▼ 31.9% |
| Financial debts43 | - | - | - | - | €25,000 | €50,000 | €50,000 | €25,000 | ▼ 50.0% |
| Other loans439 | - | - | - | - | €25,000 | €50,000 | €50,000 | €25,000 | ▼ 50.0% |
| Trade debts44 | €1,913 | €3,334 | €4,084 | €34,447 | €26,488 | €45,908 | €62,594 | €52,273 | ▼ 16.5% |
| Suppliers440/4 | - | - | - | €34,447 | €26,488 | €45,908 | €62,594 | €52,273 | ▼ 16.5% |
| Taxes, remuneration and social security45 | - | - | - | €47,307 | €65,150 | €31,917 | €9,874 | €2,837 | ▼ 71.3% |
| Taxes450/3 | - | - | - | €31,107 | €50,982 | €24,067 | €6,267 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €16,200 | €14,168 | €7,850 | €3,607 | €2,837 | ▼ 21.3% |
| Other amounts payable47/48 | - | - | - | €50,000 | €30,000 | - | €7,602 | €8,492 | ▲ 11.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,490 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128,552 | €133,603 | €138,141 | €93,633 | €14,549 | €6,966 | -€25,443 | -€10,927 | ▲ 57.1% |
| + Depreciation and write-downs630 | €18,288 | €9,016 | €9,277 | €14,614 | €15,744 | €15,751 | €15,751 | €8,671 | ▼ 44.9% |
| Operating cash flow (approximation) | €146,840 | €142,620 | €147,419 | €108,247 | €30,293 | €22,717 | -€9,692 | -€2,256 | ▲ 76.7% |
| Investment in fixed assets (approximation) | - | €0 | -€38,154 | -€4,625 | -€4,280 | €0 | €0 | €0 | - |
| Change in cash | - | -€50,229 | -€200,430 | -€20,439 | -€4,659 | -€8,800 | -€7,571 | €588 | - |
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, 12,322 companies had the same profile as BBS CONSULT has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BBS CONSULT itself: 0.3% 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 12,322 companies, not a prediction for BBS CONSULT. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-10-2026 | 2026-00545607 | |
| 31-12-2024 | micro format | 10-09-2025 | 2025-00488004 | |
| 31-12-2023 | micro format | 31-12-2024 | 2025-00630791 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00487284 | |
| 31-12-2021 | full format | 11-04-2022 | 2022-20002912 | |
| 31-12-2020 | full format | 24-06-2021 | 2021-23900122 | |
| 31-12-2019 | full format | 01-07-2020 | 2020-24300047 | |
| 31-12-2018 | full format | 01-07-2019 | 2019-26100196 | |
| 31-12-2017 | full format | 02-07-2018 | 2018-27100471 | |
| 30-09-2016 | full format | 08-03-2017 | 2017-06000159 |