BDR Immo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-05-2026 PDF all 29 filings
Equity
€25,179▼ 28.7%
2024 · €35,327
Total assets
€39,714▼ 9.6%
2024 · €43,912
Net result
-€10,148▲ 31.7%
2024 · -€14,860
Working capital
-€14,350▼ 67.6%
2024 · -€8,562
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€10,006
▲ 32.4%
2025
20182025
Net result
-€10,148
▲ 31.7%
2025
20182025
Equity
€25,179
▼ 28.7%
2025
20182025
Total assets
€39,714
▼ 9.6%
2025
20182025
Debt
€14,536
▲ 69.3%
2025
20182025
Working capital
-€14,350
▼ 67.6%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€13,496-€8,063▼ 40.3%€6,193▼ 23.2%-€5,043-€9,275▼ 83.9%-€8,798▲ 5.1%-€14,813▼ 68.4%-€10,006▲ 32.4%
Net result€10,526-€5,477▼ 48.0%€4,542▼ 17.1%-€7,574-€9,320▼ 23.1%-€8,847▲ 5.1%-€14,860▼ 68.0%-€10,148▲ 31.7%
Equity€90,408-€85,885▼ 5.0%€75,927▼ 11.6%€68,353▼ 10.0%€59,033▼ 13.6%€50,186▼ 15.0%€35,327▼ 29.6%€25,179▼ 28.7%
Total assets€93,438-€92,521▼ 1.0%€77,491▼ 16.2%€69,607▼ 10.2%€60,840▼ 12.6%€53,416▼ 12.2%€43,912▼ 17.8%€39,714▼ 9.6%
Debt€3,030-€6,636▲ 119%€1,564▼ 76.4%€1,254▼ 19.8%€1,807▲ 44.1%€3,230▲ 78.7%€8,585▲ 166%€14,536▲ 69.3%
Working capital€2,201-€2,469▲ 12.2%€417▼ 83.1%€748▲ 79.5%-€667-€1,608▼ 141%-€8,562▼ 432%-€14,350▼ 67.6%
The operating result for 2025 is a loss of €10,006, smaller than the loss of €14,813 in 2024.
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 €39,714
Fixed assets
€39,529 ▼ 9.9%
Current assets
€185 ▲ 703%
Equity and liabilities €39,714
Equity
€25,179 ▼ 28.7%
Debt
€14,536 ▲ 69.3%
Debt's share of the balance-sheet total rises from 19.6% to 36.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,647▲
2024 · -€6,907
Cash flow
-€5,788▲
2024 · -€6,954
Current ratio
0.01▲
2024 · 0.00
Debt to equity
0.58▲
2024 · 0.24
ROE
-40.3%▲
2024 · -42.1%
ROA
-25.6%▲
2024 · -33.8%
Interest coverage
-39.82▲
2024 · -147.53
Debt ≤ 1 year
€14,536▲
2024 · €8,585
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €425 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,791 | €4,791 | €7,905 | €7,905 | €7,905 | €7,905 | €7,905 | €4,360 | ▼ 44.8% |
| Other operating charges640/8 | - | - | - | €2,709 | €2,417 | €464 | €5,296 | €3,269 | ▼ 38.3% |
| Gross operating margin9900 | €20,531 | €15,678 | €14,546 | €5,571 | €1,048 | -€428 | -€1,187 | -€2,378 | ▼ 100% |
| Operating profit (loss)9901 | €13,496 | €8,063 | €6,193 | -€5,043 | -€9,275 | -€8,798 | -€14,813 | -€10,006 | ▲ 32.4% |
| Financial charges65/66B | - | - | - | €45 | €45 | €49 | €47 | €142 | ▲ 203% |
| Recurring financial charges65 | €57 | €58 | €137 | €45 | €45 | €49 | €47 | €142 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €13,439 | €8,005 | €6,056 | -€5,088 | -€9,320 | -€8,847 | -€14,860 | -€10,148 | ▲ 31.7% |
| Income taxes67/77 | €2,913 | €2,528 | €1,514 | €2,486 | - | - | - | - | - |
| Profit (loss) for the period9904 | €10,526 | €5,477 | €4,542 | -€7,574 | -€9,320 | -€8,847 | -€14,860 | -€10,148 | ▲ 31.7% |
| Profit (loss) for the period to be appropriated9905 | €10,526 | €5,477 | €4,542 | -€7,574 | -€9,320 | -€8,847 | -€14,860 | -€10,148 | ▲ 31.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €93,438 | €92,521 | €77,491 | €69,607 | €60,840 | €53,416 | €43,912 | €39,714 | ▼ 9.6% |
| Fixed assets21/28 | €88,207 | €83,416 | €75,510 | €67,605 | €59,700 | €51,794 | €43,889 | €39,529 | ▼ 9.9% |
| Tangible fixed assets22/27 | €88,207 | €83,416 | €75,510 | €67,605 | €59,700 | €51,794 | €43,889 | €39,529 | ▼ 9.9% |
| Land and buildings22 | - | - | - | €67,605 | €59,700 | €51,794 | €43,889 | €39,529 | ▼ 9.9% |
| Current assets29/58 | €5,231 | €9,105 | €1,981 | €2,002 | €1,140 | €1,622 | €23 | €185 | ▲ 703% |
| Amounts receivable within one year40/41 | €2,296 | €2,497 | €277 | €277 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €277 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,935 | €6,608 | €1,704 | €1,725 | €1,140 | €1,622 | €23 | €185 | ▲ 703% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €93,438 | €92,521 | €77,491 | €69,607 | €60,840 | €53,416 | €43,912 | €39,714 | ▼ 9.6% |
| Equity10/15 | €90,408 | €85,885 | €75,927 | €68,353 | €59,033 | €50,186 | €35,327 | €25,179 | ▼ 28.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €22,758 | €18,235 | €8,277 | €703 | -€8,617 | -€17,464 | -€32,323 | -€42,471 | ▼ 31.4% |
| Amounts payable17/49 | €3,030 | €6,636 | €1,564 | €1,254 | €1,807 | €3,230 | €8,585 | €14,536 | ▲ 69.3% |
| Amounts payable within one year42/48 | €3,030 | €6,636 | €1,564 | €1,254 | €1,807 | €3,230 | €8,585 | €14,536 | ▲ 69.3% |
| Trade debts44 | €117 | €1,195 | - | - | €623 | €2,048 | €2,398 | - | - |
| Bills of exchange payable441 | - | - | - | - | €623 | €2,048 | €2,398 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,204 | €1,134 | €1,132 | €6,137 | €7,138 | ▲ 16.3% |
| Taxes450/3 | - | - | - | €1,204 | €826 | - | €1,555 | €1,282 | ▼ 17.5% |
| Remuneration and social security454/9 | - | - | - | - | €308 | €1,132 | €4,583 | €5,855 | ▲ 27.8% |
| Other amounts payable47/48 | - | - | - | €50 | €50 | €50 | €50 | €7,398 | ▲ 148× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,526 | €5,477 | €4,542 | -€7,574 | -€9,320 | -€8,847 | -€14,860 | -€10,148 | ▲ 31.7% |
| + Depreciation and write-downs630 | €4,791 | €4,791 | €7,905 | €7,905 | €7,905 | €7,905 | €7,905 | €4,360 | ▼ 44.8% |
| Operating cash flow (approximation) | €15,317 | €10,269 | €12,447 | €331 | -€1,415 | -€941 | -€6,954 | -€5,788 | ▲ 16.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3,673 | -€4,905 | €22 | -€585 | €481 | -€1,599 | €162 | - |
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, 5,831 companies had the same profile as BDR Immo has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BDR Immo itself: 0.7% 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 5,831 companies, not a prediction for BDR Immo. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-05-2026 | 2026-00124989 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00510573 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00391065 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00500138 | |
| 31-12-2021 | micro format | 28-08-2022 | 2022-20357408 | |
| 31-12-2020 | micro format | 18-06-2021 | 2021-21000119 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73600360 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78000219 | |
| 31-12-2017 | micro format | 18-12-2018 | 2018-74900458 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66200373 |