BCW Global
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 66% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2,573 | - | - |
| Depreciation and write-downs of the year | €325 | €849 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €325 | €849 | - | - |
| Other operating charges640/8 | - | - | €400 | - |
| Gross operating margin9900 | €760,457 | €651,336 | €221,783 | ▼ 65.9% |
| Operating profit (loss)9901 | €760,132 | €650,487 | €221,383 | ▼ 66.0% |
| Financial income75/76B | €0 | - | €27 | - |
| Recurring financial income75 | €0 | - | €27 | - |
| Financial charges65/66B | €88 | €84 | €55 | ▼ 34.1% |
| Recurring financial charges65 | €88 | €84 | €55 | ▼ 34.1% |
| Profit (loss) for the period before taxes9903 | €760,044 | €650,403 | €221,355 | ▼ 66.0% |
| Income taxes67/77 | €237,200 | €207,063 | €70,420 | ▼ 66.0% |
| Profit (loss) for the period9904 | €522,844 | €443,340 | €150,935 | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €522,844 | €443,340 | €150,935 | ▼ 66.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.7m | €1.0m | €1.2m | ▲ 14.2% |
| Fixed assets21/28 | €0.002m | €0.001m | - | - |
| Tangible fixed assets22/27 | €0.002m | €0.001m | - | - |
| Furniture and vehicles24 | €0.002m | €0.001m | - | - |
| Current assets29/58 | €0.7m | €1.0m | €1.2m | ▲ 14.4% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.001m | ▼ 99.3% |
| Trade receivables40 | €0.1m | €0.1m | - | - |
| Other amounts receivable41 | €0.001m | €0.001m | €0.001m | ▼ 36.0% |
| Current investments50/53 | €0.3m | €0.8m | €1.1m | ▲ 45.6% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.05m | ▼ 67.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.7m | €1.0m | €1.2m | ▲ 14.2% |
| Equity10/15 | €0.5m | €1.0m | €1.1m | ▲ 15.5% |
| Contributions10/11 | €0.007m | €0.007m | €0.007m | = |
| Reserves13 | €0.5m | €1.0m | €1.1m | ▲ 15.6% |
| Distributable reserves133 | €0.5m | €1.0m | €1.1m | ▲ 15.6% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | ▲ 3.9% |
| Amounts payable17/49 | €0.2m | €0.05m | €0.04m | ▼ 10.6% |
| Amounts payable within one year42/48 | €0.2m | €0.05m | €0.04m | ▼ 10.6% |
| Trade debts44 | €0.006m | €0.002m | €0.001m | ▼ 52.0% |
| Suppliers440/4 | €0.006m | €0.002m | €0.001m | ▼ 52.0% |
| Taxes, remuneration and social security45 | €0.1m | €0.05m | €0.04m | ▼ 22.3% |
| Taxes450/3 | €0.1m | €0.04m | €0.04m | ▼ 0.2% |
| Remuneration and social security454/9 | €0.01m | €0.01m | - | - |
| Other amounts payable47/48 | - | - | €0.006m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €522,844 | €443,340 | €150,935 | ▼ 66.0% |
| + Depreciation and write-downs630 | €325 | €849 | - | - |
| Operating cash flow (approximation) | €523,169 | €444,189 | €150,935 | ▼ 66.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€93,738 | -€98,253 | ▼ 4.8% |
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, 3,127 companies had the same profile as BCW Global has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of BCW Global itself: 0.2% 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 3,127 companies, not a prediction for BCW Global. 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.