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BEAM

Active
Private limited company (pre-2019)founded 1988active for 38 yearsGeorges Marlowsquare 4, 1180 Ukkel, BelgiumKBO/BCE: BE 0433.633.946

Financials · financial year 2025, micro format

2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487015.

Annual accounts 2025 filed on 29-08-2026 at the NBB all 37 filings

Equity
-€69,572▼ 0.5%
2024 · -€69,198
Total assets
€10,451=
2024 · €10,451
Net result
-€374▼ 0.5%
2024 · -€372
Working capital
-€69,572▼ 0.5%
2024 · -€69,198
Multi-year overview
2018 to 2025, 8 financial years
Operating result
-€374
▼ 0.5% 2025
20182025
Net result
-€374
▼ 0.5% 2025
middle half of the sector
20182025
Equity
-€69,572
▼ 0.5% 2025
lowest quarter of the sector
20182025
Total assets
€10,451
= 2025
lowest quarter of the sector
20182025
Debt
€80,023
▲ 0.5% 2025
20182025
Working capital
-€69,572
▼ 0.5% 2025
lowest quarter of the sector
20182025
Solvency
-665.7%
▼ 3.6pp 2025
lowest quarter of the sector
20182025
Current ratio
0.13
= 2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-3.6%
= 2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€201--€383▼ 90.5%-€363▲ 5.2%-€363=-€432▼ 19.0%-€410▲ 5.1%-€372▲ 9.3%-€374▼ 0.5%
Net result-€341--€520▼ 52.5%-€512within the sector's middle half▲ 1.5%-€515below the sector's middle half▼ 0.6%-€432within the sector's middle half▲ 16.1%-€410within the sector's middle half▲ 5.1%-€372within the sector's middle half▲ 9.3%-€374within the sector's middle half▼ 0.5%
Equity-€66,437--€66,957▼ 0.8%-€67,469below the sector's middle half▼ 0.8%-€67,984below the sector's middle half▼ 0.8%-€68,416below the sector's middle half▼ 0.6%-€68,826below the sector's middle half▼ 0.6%-€69,198below the sector's middle half▼ 0.5%-€69,572below the sector's middle half▼ 0.5%
Total assets€10,808-€10,643▼ 1.5%€10,590below the sector's middle half▼ 0.5%€10,575below the sector's middle half▼ 0.1%€10,451below the sector's middle half▼ 1.2%€10,451below the sector's middle half=€10,451below the sector's middle half=€10,451below the sector's middle half=
Debt€77,245-€77,600▲ 0.5%€78,059▲ 0.6%€78,559▲ 0.6%€78,867▲ 0.4%€79,277▲ 0.5%€79,649▲ 0.5%€80,023▲ 0.5%
Working capital-€66,437--€66,957▼ 0.8%-€67,469below the sector's middle half▼ 0.8%-€67,984below the sector's middle half▼ 0.8%-€68,416below the sector's middle half▼ 0.6%-€68,826below the sector's middle half▼ 0.6%-€69,198below the sector's middle half▼ 0.5%-€69,572below the sector's middle half▼ 0.5%
Solvency-614.7%--629.1%▼ 14.4pp-637.1%below the sector's middle half▼ 8.0pp-642.9%below the sector's middle half▼ 5.8pp-654.6%below the sector's middle half▼ 11.8pp-658.6%below the sector's middle half▼ 3.9pp-662.1%below the sector's middle half▼ 3.6pp-665.7%below the sector's middle half▼ 3.6pp
Current ratio0.14-0.14=0.14below the sector's middle half=0.13below the sector's middle half=0.13below the sector's middle half=0.13below the sector's middle half=0.13below the sector's middle half=0.13below the sector's middle half=
Return on assets (ROA)-3.2%--4.9%▼ 1.7pp-4.8%below the sector's middle half▲ 0.1pp-4.9%below the sector's middle half=-4.1%below the sector's middle half▲ 0.7pp-3.9%below the sector's middle half▲ 0.2pp-3.6%below the sector's middle half▲ 0.4pp-3.6%below the sector's middle half=
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 operating result for 2025 is a loss of €374, larger than the loss of €372 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them.

Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€80,023▲
2024 · €79,649
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 24 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,451€10,451=
Current assets29/58€10,451€10,451=
Amounts receivable within one year40/41€10,395€10,395=
Trade receivables40€10,395€10,395=
Cash at bank and in hand54/58€56€56=
Equity and liabilities
Total equity and liabilities10/49€10,451€10,451=
Equity10/15-€69,198-€69,572▼
Contributions10/11€13,634€13,634=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Profit (loss) carried forward14-€84,691-€85,065▼
Amounts payable17/49€79,649€80,023▲
Amounts payable within one year42/48€79,649€80,023▲
Trade debts44€14,183€14,183=
Suppliers440/4€14,183€14,183=
Other amounts payable47/48€65,466€65,840▲
Income statement Code20242025
Gross operating margin9900-€372-€374▼
Operating profit (loss)9901-€372-€374▼
Profit (loss) for the period before taxes9903-€372-€374▼
Profit (loss) for the period9904-€372-€374▼
Profit (loss) for the period to be appropriated9905-€372-€374▼
Appropriation of the result
Profit (loss) to be appropriated9906-€84,691-€85,065▼
Profit (loss) brought forward from the previous period14P-€84,319-€84,691▼

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€192--------
Gross operating margin9900-€9-€383-€363-€363-€432-€410-€372-€374▼ 0.5%
Operating profit (loss)9901-€201-€383-€363-€363-€432-€410-€372-€374▼ 0.5%
Financial charges65/66B---€152-----
Recurring financial charges65€140€137€149€152-----
Profit (loss) for the period before taxes9903-€341-€520-€512-€515-€432-€410-€372-€374▼ 0.5%
Profit (loss) for the period9904-€341-€520-€512-€515-€432-€410-€372-€374▼ 0.5%
Profit (loss) for the period to be appropriated9905-€341-€520-€512-€515-€432-€410-€372-€374▼ 0.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€10,808€10,643€10,590€10,575€10,451€10,451€10,451€10,451=
Current assets29/58€10,808€10,643€10,590€10,575€10,451€10,451€10,451€10,451=
Amounts receivable within one year40/41€10,395€10,395€10,395€10,395€10,395€10,395€10,395€10,395=
Trade receivables40---€10,395€10,395€10,395€10,395€10,395=
Cash at bank and in hand54/58€413€248€195€180€56€56€56€56=
Equity and liabilities
Total equity and liabilities10/49€10,808€10,643€10,590€10,575€10,451€10,451€10,451€10,451=
Equity10/15-€66,437-€66,957-€67,469-€67,984-€68,416-€68,826-€69,198-€69,572▼ 0.5%
Contributions10/11€13,634€13,634-€13,634€13,634€13,634€13,634€13,634=
Reserves13€1,859€1,859€1,859€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14-€81,930-€82,450-€82,962-€83,477-€83,909-€84,319-€84,691-€85,065▼ 0.4%
Amounts payable17/49€77,245€77,600€78,059€78,559€78,867€79,277€79,649€80,023▲ 0.5%
Amounts payable within one year42/48€77,245€77,600€78,059€78,559€78,867€79,277€79,649€80,023▲ 0.5%
Trade debts44€14,840€14,840€14,840€14,840€14,840€14,184€14,183€14,183=
Suppliers440/4---€14,840€14,840€14,184€14,183€14,183=
Other amounts payable47/48---€63,719€64,027€65,093€65,466€65,840▲ 0.6%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€341-€520-€512-€515-€432-€410-€372-€374▼ 0.5%
+ Depreciation and write-downs630€192--------
Operating cash flow (approximation)-€149-€520-€512-€515-€432-€410-€372-€374▼ 0.5%
Change in cash--€165-€53-€15-€124€0€0€0-

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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Historical observation

In July 2024, 2,796 companies had the same profile as BEAM has now. Two years later, 90.4% were still going and 2.1% had gone bankrupt.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
90.4% was still going
6.0% stopped otherwise
2.1% went bankrupt

Another 1.5% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of BEAM itself is lower: 0.3% within 12 months. It rests on far more data about BEAM than the profile alone.

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.

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 2,796 companies, not a prediction for BEAM. 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 37 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-08-2026 2026-00487015 PDF
31-12-2024 micro format 23-08-2025 2025-00406811 PDF
31-12-2023 micro format 29-08-2024 2024-00415882 PDF
31-12-2022 micro format 25-08-2023 2023-00364772 PDF
31-12-2021 micro format 27-09-2022 2022-20438505 PDF
31-12-2020 micro format 30-08-2021 2021-59500095 PDF
31-12-2019 micro format 29-10-2020 2020-64700141 PDF
31-12-2018 micro format 31-08-2019 2019-63500446 PDF
31-12-2017 micro format 23-08-2018 2018-49100375 PDF
31-12-2016 micro format 31-08-2017 2017-56200575 PDF

Show all 37 filings

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