BD CONCEPT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-01-2026 PDF all 20 filings
Equity
-€16,351▼ 401%
2024 · -€3,261
Total assets
€212,394▼ 2.4%
2024 · €217,667
Net result
-€13,090▲ 19.9%
2024 · -€16,341
Working capital
-€201,194▼ 10.2%
2024 · -€182,540
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €10,990, smaller than the loss of €13,684 in 2024.
Operating result-€10,990
2025
Net result-€13,090
2025
Total assets€212,394
2025
Equity-€16,351
2025
Debt€228,745
2025
Working capital-€201,194
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€7,313-€11,692▲ 59.9%€7,908▼ 32.4%€7,686▼ 2.8%-€29-€13,684▼ 47,020%-€10,990▲ 19.7%
Net result-€3,552-€10,746€3,883▼ 63.9%-€1,266-€3,224▼ 155%-€16,341▼ 407%-€13,090▲ 19.9%
Equity€2,941-€13,687▲ 365%€17,570▲ 28.4%€16,304▼ 7.2%€13,080▼ 19.8%-€3,261-€16,351▼ 401%
Total assets€241,810-€238,000▼ 1.6%€231,503▼ 2.7%€228,594▼ 1.3%€221,962▼ 2.9%€217,667▼ 1.9%€212,394▼ 2.4%
Debt€238,869-€224,313▼ 6.1%€213,933▼ 4.6%€212,290▼ 0.8%€208,882▼ 1.6%€220,927▲ 5.8%€228,745▲ 3.5%
Working capital-€137,479--€133,826▲ 2.7%-€147,816-€161,124▼ 9.0%-€182,540▼ 13.3%-€201,194▼ 10.2%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,394
Fixed assets
€211,514 ▼ 2.3%
Current assets
€879 ▼ 23.9%
Equity and liabilities
Equity-€16,351
Debt€228,745
Equity is negative. Debt (€228,745) exceeds the balance-sheet total (€212,394).
Key figures and ratios
EBITDA
-€5,993▲
2024 · -€8,687
Cash flow
-€8,093▲
2024 · -€11,344
Solvency
-7.7%▼
2024 · -1.5%
Current ratio
0.00▼
2024 · 0.01
ROA
-6.2%▲
2024 · -7.5%
Interest coverage
-2.85▲
2024 · -3.27
Debt ≤ 1 year
€202,073▲
2024 · €183,696
Debt > 1 year
€26,671▼
2024 · €37,232
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,295 | €5,295 | €4,997 | €4,997 | €4,997 | €4,997 | €4,997 | = |
| Other operating charges640/8 | - | - | - | €2,190 | €2,235 | €2,453 | €2,539 | ▲ 3.5% |
| Gross operating margin9900 | €14,374 | €16,987 | €12,905 | €14,873 | €7,203 | -€6,234 | -€3,454 | ▲ 44.6% |
| Operating profit (loss)9901 | €7,313 | €11,692 | €7,908 | €7,686 | -€29 | -€13,684 | -€10,990 | ▲ 19.7% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | - | - | €18 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €8,952 | €3,195 | €2,657 | €2,100 | ▼ 21.0% |
| Recurring financial charges65 | €10,865 | €946 | €4,043 | €8,952 | €3,195 | €2,657 | €2,100 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | -€3,552 | €10,746 | €3,883 | -€1,266 | -€3,224 | -€16,341 | -€13,090 | ▲ 19.9% |
| Profit (loss) for the period9904 | -€3,552 | €10,746 | €3,883 | -€1,266 | -€3,224 | -€16,341 | -€13,090 | ▲ 19.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,552 | €10,746 | €3,883 | -€1,266 | -€3,224 | -€16,341 | -€13,090 | ▲ 19.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €241,810 | €238,000 | €231,503 | €228,594 | €221,962 | €217,667 | €212,394 | ▼ 2.4% |
| Fixed assets21/28 | €241,795 | €236,500 | €231,503 | €226,505 | €221,508 | €216,511 | €211,514 | ▼ 2.3% |
| Tangible fixed assets22/27 | €115,795 | €110,500 | €105,503 | €100,505 | €95,508 | €90,511 | €85,514 | ▼ 5.5% |
| Land and buildings22 | - | - | - | €100,505 | €95,508 | €90,511 | €85,514 | ▼ 5.5% |
| Financial fixed assets28 | €126,000 | €126,000 | €126,000 | €126,000 | €126,000 | €126,000 | €126,000 | = |
| Current assets29/58 | €15 | €1,500 | - | €2,089 | €454 | €1,155 | €879 | ▼ 23.9% |
| Cash at bank and in hand54/58 | €15 | - | - | €1,680 | €0 | €685 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €409 | €454 | €470 | €879 | ▲ 87.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €241,810 | €238,000 | €231,503 | €228,594 | €221,962 | €217,667 | €212,394 | ▼ 2.4% |
| Equity10/15 | €2,941 | €13,687 | €17,570 | €16,304 | €13,080 | -€3,261 | -€16,351 | ▼ 401% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€9,459 | €1,287 | €5,170 | €3,904 | €680 | -€15,661 | -€28,751 | ▼ 83.6% |
| Amounts payable17/49 | €238,869 | €224,313 | €213,933 | €212,290 | €208,882 | €220,927 | €228,745 | ▲ 3.5% |
| Amounts payable after more than one year17 | €101,375 | €88,987 | €76,005 | €62,386 | €47,305 | €37,232 | €26,671 | ▼ 28.4% |
| Financial debts170/4 | - | - | - | €62,386 | €47,305 | €37,232 | €26,671 | ▼ 28.4% |
| Amounts payable within one year42/48 | €137,494 | €135,326 | €137,928 | €149,904 | €161,577 | €183,696 | €202,073 | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,619 | €9,965 | €10,073 | €11,100 | ▲ 10.2% |
| Trade debts44 | - | €450 | - | €348 | €695 | €2,815 | €3,714 | ▲ 31.9% |
| Suppliers440/4 | - | - | - | €348 | €695 | €2,815 | €3,714 | ▲ 31.9% |
| Other amounts payable47/48 | - | - | - | €135,938 | €150,917 | €170,807 | €187,259 | ▲ 9.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,552 | €10,746 | €3,883 | -€1,266 | -€3,224 | -€16,341 | -€13,090 | ▲ 19.9% |
| + Depreciation and write-downs630 | €5,295 | €5,295 | €4,997 | €4,997 | €4,997 | €4,997 | €4,997 | = |
| Operating cash flow (approximation) | €1,743 | €16,041 | €8,880 | €3,732 | €1,773 | -€11,344 | -€8,093 | ▲ 28.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | - | -€1,680 | €685 | -€685 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 31-01-2026 | 2026-00025651 | |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00014261 | |
| 30-06-2023 | micro format | 22-01-2024 | 2024-00012998 | |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00010713 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02600553 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03500399 | |
| 30-06-2019 | micro format | 15-01-2020 | 2020-01200174 | |
| 30-06-2018 | micro format | 17-12-2018 | 2018-74500591 | |
| 30-06-2017 | micro format | 19-12-2017 | 2017-72500085 | |
| 30-06-2016 | full format | 20-12-2016 | 2016-70900357 |