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BBW

Active
Private limited companyfounded 1990active for 36 yearsSumatralaan 33, 1180 Ukkel, BelgiumKBO/BCE: BE 0439.383.571

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 22-05-2026 PDF all 36 filings

Turnover
≈ €180,000
Estimated: probably between €140,000 and €230,000
Total assets
€813,788▼ 5.8%
2024 · €863,690
Net result
€21,568
2024 · -€35,455
Working capital
-€684,780▲ 10.3%
2024 · -€763,763
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a profit of €13,020, after a loss of €43,998 in 2024. It is the highest result since 2021.

Operating result€0.01m 2025 Net result€0.02m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.2m--€0.06m▲ 75.5%-€0.1m▼ 106%-€0.1m▼ 14.0%-€0.1m▲ 28.3%-€0.04m▲ 60.8%-€0.04m▼ 13.0%€0.01m
Net result-€0.3m--€0.07m▲ 73.8%-€0.1mbelow the sector's middle half▼ 82.4%-€0.1mbelow the sector's middle half▼ 9.7%-€0.1mbelow the sector's middle half▲ 31.0%-€0.03mbelow the sector's middle half▲ 66.6%-€0.04mbelow the sector's middle half▼ 8.5%€0.02mwithin the sector's middle half
Equity€0.5m-€0.5m▼ 13.3%€0.3mabove the sector's middle half▼ 28.1%€0.2mwithin the sector's middle half▼ 42.8%€0.09mwithin the sector's middle half▼ 51.7%€0.06mwithin the sector's middle half▼ 35.8%€0.02mbelow the sector's middle half▼ 60.6%€0.04mwithin the sector's middle half▲ 93.4%
Total assets€1.5m-€1.4m▼ 3.3%€1.3mabove the sector's middle half▼ 7.7%€1.1mabove the sector's middle half▼ 14.8%€1.0mabove the sector's middle half▼ 6.7%€0.8mabove the sector's middle half▼ 18.1%€0.9mabove the sector's middle half▲ 2.0%€0.8mabove the sector's middle half▼ 5.8%
Debt€0.8m-€0.8m▲ 3.9%€0.9m▲ 3.5%€0.8m▼ 4.9%€0.9m▲ 3.9%€0.7m▼ 17.1%€0.8m▲ 8.7%€0.7m▼ 8.2%
Working capital-€0.3m--€0.4m▼ 48.6%-€0.5mbelow the sector's middle half▼ 24.8%-€0.6mbelow the sector's middle half▼ 32.3%-€0.7mbelow the sector's middle half▼ 18.3%-€0.7mbelow the sector's middle half▲ 5.0%-€0.8mbelow the sector's middle half▼ 9.1%-€0.7mbelow the sector's middle half▲ 10.3%
Solvency36.4%-32.6%▼ 3.8pp25.4%within the sector's middle half▼ 7.2pp17.1%below the sector's middle half▼ 8.4pp8.8%below the sector's middle half▼ 8.2pp6.9%below the sector's middle half▼ 1.9pp2.7%below the sector's middle half▼ 4.2pp5.5%below the sector's middle half▲ 2.8pp
Current ratio0.13-0.16▲ 0.030.23below the sector's middle half▲ 0.070.12below the sector's middle half▼ 0.110.14below the sector's middle half▲ 0.020.01below the sector's middle half▼ 0.130.01below the sector's middle half=0.03below the sector's middle half▲ 0.02
Return on assets (ROA)-18.5%--5.0%▲ 13.5pp-9.9%below the sector's middle half▼ 4.9pp-12.8%below the sector's middle half▼ 2.9pp-9.5%below the sector's middle half▲ 3.3pp-3.9%below the sector's middle half▲ 5.6pp-4.1%below the sector's middle half▼ 0.2pp2.7%within the sector's middle half▲ 6.8pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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.
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 €813,788
Fixed assets €792,593 ▼ 7.7%
Current assets €21,195 ▲ 325%
Equity and liabilities €813,788
Equity €44,664 ▲ 93.4%
Provisions €63,148 ▼ 12.1%
Debt €705,976 ▼ 8.2%
Debt's share of the balance-sheet total falls from 89.0% to 86.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€80,470▲
2024 · €23,667
Cash flow
€89,018▲
2024 · €32,211
Debt to equity
15.81▼
2024 · 33.28
ROE
48.3%▲
2024 · -153.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€705,976▼
2024 · €768,752
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as BBW: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €675,000 and €1m, founded between 1988 and 1992.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
BBW Ukkel1990€0.8m€0.04m€0.09m€0.02m2025
LES GALERIES Ukkel1989€1.0m€0.09m€0.08m€0.03m2025
MINIMUM Ukkel1988€0.7m€0.1m€0.08m€0.03m2025
Ecosystems Ltd Sint-Lambrechts-Woluwe1992€0.9m€0.9m€0.1m€0.07m2025
COMPTASSISTANCE Brussel1989€1.0m€0.6m€0.09m€0.01m2025
CEGESPRO Brussel1990€1.0m€0.5m€0.1m€0.05m2025
LA LIMITE Schaarbeek1989€1.0m€0.5m€0.09m€0.03m2025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,217 companies had the same profile as BBW has now. Two years later, 1.5% had gone bankrupt and 96.0% were still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.5% went bankrupt
2.5% stopped otherwise
96.0% was still going

The bankruptcy probability of BBW itself is lower: 0.1% within 12 months. It rests on far more data about BBW than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,217 companies, not a prediction for BBW. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 (PDF), filed on 22-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€863,690€813,788▼
Fixed assets21/28€858,701€792,593▼
Tangible fixed assets22/27€852,153€786,045▼
Land and buildings22€484,199€463,622▼
Furniture and vehicles24€2,076€1,503▼
Other tangible fixed assets26€365,878€320,920▼
Financial fixed assets28€6,548€6,548=
Current assets29/58€4,989€21,195▲
Amounts receivable within one year40/41-€878
Trade receivables40-€878
Cash at bank and in hand54/58€3,212€18,576▲
Deferred charges and accrued income490/1€1,777€1,742▼
Equity and liabilities
Total equity and liabilities10/49€863,690€813,788▼
Equity10/15€23,096€44,664▲
Contributions10/11€62,000€62,000=
Reserves13€642,957€629,359▼
Tax-exempt reserves132€110,406€96,808▼
Distributable reserves133€532,551€532,551=
Profit (loss) carried forward14-€681,861-€646,695▲
Provisions and deferred taxes16€71,842€63,148▼
Deferred taxes168€71,842€63,148▼
Amounts payable17/49€768,752€705,976▼
Amounts payable within one year42/48€768,752€705,976▼
Trade debts44€7,600€808▼
Suppliers440/4€7,600€808▼
Other amounts payable47/48€761,152€705,168▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67,666€67,450▼
Other operating charges640/8€9,473€9,746▲
Gross operating margin9900€33,140€90,216▲
Operating profit (loss)9901-€43,998€13,020▲
Financial charges65/66B€150€146▼
Recurring financial charges65€150€146▼
Profit (loss) for the period before taxes9903-€44,149€12,874▲
Transfer from deferred taxes780€8,694€8,694=
Profit (loss) for the period9904-€35,455€21,568▲
Transfer from tax-exempt reserves789€13,598€13,598=
Profit (loss) for the period to be appropriated9905-€21,857€35,166▲
Appropriation of the result
Profit (loss) to be appropriated9906-€681,861-€646,695▲
Profit (loss) brought forward from the previous period14P-€660,003-€681,861▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180,570€191,145€181,872€155,065€148,027€92,761€67,666€67,450▼ 0.3%
Other operating charges640/8---€8,107€8,284€8,560€9,473€9,746▲ 2.9%
Gross operating margin9900€97,315€144,495€72,854€24,563€56,944€62,386€33,140€90,216▲ 172%
Operating profit (loss)9901-€240,914-€58,981-€121,590-€138,609-€99,367-€38,935-€43,998€13,020-
Recurring financial income75€9€4€0------
Financial charges65/66B---€11,635€7,041€2,424€150€146▼ 2.8%
Recurring financial charges65€37,819€20,462€16,118€11,635€7,041€2,424€150€146▼ 2.8%
Profit (loss) for the period before taxes9903-€278,724-€79,439-€137,708-€150,245-€106,408-€41,359-€44,149€12,874-
Transfer from deferred taxes780---€8,694€8,694€8,694€8,694€8,694=
Income taxes67/77-€132€1-------
Profit (loss) for the period9904-€269,899-€70,746-€129,015-€141,551-€97,714-€32,665-€35,455€21,568-
Transfer from tax-exempt reserves789---€13,598€13,598€13,598€13,598€13,598=
Profit (loss) for the period to be appropriated9905-€256,301-€57,148-€115,417-€127,953-€84,116-€19,067-€21,857€35,166-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.5m€1.4m€1.3m€1.1m€1.0m€0.8m€0.9m€0.8m▼ 5.8%
Fixed assets21/28€1.4m€1.3m€1.2m€1.0m€0.9m€0.8m€0.9m€0.8m▼ 7.7%
Tangible fixed assets22/27€1.4m€1.3m€1.2m€1.0m€0.9m€0.8m€0.9m€0.8m▼ 7.8%
Land and buildings22---€0.5m€0.5m€0.5m€0.5m€0.5m▼ 4.2%
Furniture and vehicles24---€0.02m€0.01m€0.004m€0.002m€0.002m▼ 27.6%
Other tangible fixed assets26---€0.5m€0.4m€0.3m€0.4m€0.3m▼ 12.3%
Financial fixed assets28€0.007m€0.007m€0.007m€0.007m€0.007m€0.007m€0.007m€0.007m=
Current assets29/58€0.04m€0.07m€0.1m€0.08m€0.1m€0.007m€0.005m€0.02m▲ 325%
Amounts receivable within one year40/41€0.007m€0.03m-----€0.001m-
Trade receivables40-------€0.001m-
Cash at bank and in hand54/58€0.03m€0.04m€0.1m€0.08m€0.1m€0.006m€0.003m€0.02m▲ 478%
Deferred charges and accrued income490/1---€0.002m€0.002m€0.001m€0.002m€0.002m▼ 2.0%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.4m€1.3m€1.1m€1.0m€0.8m€0.9m€0.8m▼ 5.8%
Equity10/15€0.5m€0.5m€0.3m€0.2m€0.09m€0.06m€0.02m€0.04m▲ 93.4%
Contributions10/11€0.06m€0.06m-€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.6m€0.6m▼ 2.1%
Non-distributable reserves130/1---€0.006m€0.006m----
Reserves not available under the articles1311---€0.006m€0.006m----
Tax-exempt reserves132---€0.2m€0.1m€0.1m€0.1m€0.1m▼ 12.3%
Distributable reserves133---€0.5m€0.5m€0.5m€0.5m€0.5m=
Profit (loss) carried forward14-€0.3m-€0.3m-€0.4m-€0.6m-€0.6m-€0.7m-€0.7m-€0.6m▲ 5.2%
Provisions and deferred taxes16€0.1m€0.1m€0.1m€0.1m€0.09m€0.08m€0.07m€0.06m▼ 12.1%
Deferred taxes168---€0.1m€0.09m€0.08m€0.07m€0.06m▼ 12.1%
Amounts payable17/49€0.8m€0.8m€0.9m€0.8m€0.9m€0.7m€0.8m€0.7m▼ 8.2%
Amounts payable after more than one year17€0.5m€0.4m€0.3m€0.1m-----
Financial debts170/4---€0.1m-----
Amounts payable within one year42/48€0.3m€0.4m€0.6m€0.7m€0.9m€0.7m€0.8m€0.7m▼ 8.2%
Current portion of amounts payable after more than one year42---€0.1m€0.1m----
Trade debts44€109--€0.003m-€0.008m€0.008m€0.001m▼ 89.4%
Suppliers440/4---€0.003m-€0.008m€0.008m€0.001m▼ 89.4%
Other amounts payable47/48---€0.6m€0.7m€0.7m€0.8m€0.7m▼ 7.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€269,899-€70,746-€129,015-€141,551-€97,714-€32,665-€35,455€21,568-
+ Depreciation and write-downs630€180,570€191,145€181,872€155,065€148,027€92,761€67,666€67,450▼ 0.3%
Operating cash flow (approximation)-€89,329€120,399€52,857€13,514€50,313€60,096€32,211€89,018▲ 176%
Investment in fixed assets (approximation)--€108,166-€6,170-€20,771-€38,730-€14,669-€87,162-€1,342▲ 98.5%
Change in cash-€11,930€97,474-€58,306€35,143-€108,765-€2,939€15,364-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 22-05-2026 2026-00117647 PDF
31-12-2024 micro format 26-03-2025 2025-00055714 PDF
31-12-2023 micro format 12-02-2024 2024-00029868 PDF
31-12-2022 micro format 20-03-2023 2023-00042844 PDF
31-12-2021 micro format 19-04-2022 2022-20005120 PDF
31-12-2020 micro format 06-05-2021 2021-13500019 PDF
31-12-2019 micro format 20-05-2020 2020-12600421 PDF
31-12-2018 micro format 08-07-2019 2019-30700052 PDF
31-12-2017 micro format 20-06-2018 2018-20300499 PDF
31-12-2016 micro format 18-05-2017 2017-12500020 PDF

Show all 36 filings

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