BCS CONSTRUCTION
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €16,390, after a profit of €34,004 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.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €23,151 | €25,230 |
| Intangible fixed assets | €900 | - |
| Depreciation and write-downs of the year | €6,424 | €15,948 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €7,737 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,424 | €15,948 | ▲ 148% |
| Other operating charges640/8 | €278 | €2,581 | ▲ 828% |
| Gross operating margin9900 | €40,706 | €2,139 | ▼ 94.7% |
| Operating profit (loss)9901 | €34,004 | -€16,390 | - |
| Financial income75/76B | - | €117 | - |
| Recurring financial income75 | - | €117 | - |
| Financial charges65/66B | €206 | €2,298 | ▲ 11× |
| Recurring financial charges65 | €206 | €2,298 | ▲ 11× |
| Profit (loss) for the period before taxes9903 | €33,798 | -€18,571 | - |
| Income taxes67/77 | €10,283 | -€650 | - |
| Profit (loss) for the period9904 | €23,515 | -€17,921 | - |
| Profit (loss) for the period to be appropriated9905 | €23,515 | -€17,921 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €58,817 | €77,120 | ▲ 31.1% |
| Fixed assets21/28 | €17,627 | €26,909 | ▲ 52.7% |
| Tangible fixed assets22/27 | €17,627 | €26,909 | ▲ 52.7% |
| Furniture and vehicles24 | €17,627 | €26,909 | ▲ 52.7% |
| Current assets29/58 | €41,190 | €50,211 | ▲ 21.9% |
| Amounts receivable within one year40/41 | €33,749 | €38,942 | ▲ 15.4% |
| Trade receivables40 | €29,264 | €32,141 | ▲ 9.8% |
| Other amounts receivable41 | €4,485 | €6,801 | ▲ 51.6% |
| Cash at bank and in hand54/58 | €7,441 | €11,269 | ▲ 51.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €58,817 | €77,120 | ▲ 31.1% |
| Equity10/15 | €26,515 | €8,594 | ▼ 67.6% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €23,515 | €5,594 | ▼ 76.2% |
| Amounts payable17/49 | €32,302 | €68,526 | ▲ 112% |
| Amounts payable after more than one year17 | €20,597 | €32,777 | ▲ 59.1% |
| Financial debts170/4 | €20,597 | €32,777 | ▲ 59.1% |
| Amounts payable within one year42/48 | €11,705 | €35,749 | ▲ 205% |
| Current portion of amounts payable after more than one year42 | - | €7,218 | - |
| Trade debts44 | €966 | €17,946 | ▲ 19× |
| Suppliers440/4 | €966 | €17,946 | ▲ 19× |
| Taxes, remuneration and social security45 | €10,283 | €9,633 | ▼ 6.3% |
| Taxes450/3 | €10,283 | €9,633 | ▼ 6.3% |
| Other amounts payable47/48 | €456 | €952 | ▲ 109% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,515 | -€17,921 | - |
| + Depreciation and write-downs630 | €6,424 | €15,948 | ▲ 148% |
| Operating cash flow (approximation) | €29,939 | -€1,973 | - |
| Investment in fixed assets (approximation) | - | -€25,230 | - |
| Change in cash | - | €3,828 | - |
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, 1,207 companies had the same profile as BCS CONSTRUCTION has now. Two years later, 90.1% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BCS CONSTRUCTION itself: 3.4% 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 1,207 companies, not a prediction for BCS CONSTRUCTION. 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.