BEBAF
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00499615.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 3 filings
Equity
€7.2m▲ 20.0%
2024 · €6.0m
Total assets
€7.2m▲ 1.0%
2024 · €7.1m
Net result
€1.2m▼ 80.0%
2024 · €6.0m
Working capital
€1.2m
2024 · -€43,870
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€1,313
▼ 87.6%
2025
20232025
Net result
€1.2m
▼ 80.0%
2025
20232025
Equity
€7.2m
▲ 20.0%
2025
20232025
Total assets
€7.2m
▲ 1.0%
2025
20232025
Debt
€998
▼ 99.9%
2025
20232025
Working capital
€1.2m
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.002m--€0.001m▲ 56.2%-€0.001m▼ 87.6%
Net result-€0.002m-€6.0m€1.2m▼ 80.0%
Equity€0.003m-€6.0m▲ 1,839×€7.2m▲ 20.0%
Total assets€6.9m-€7.1m▲ 3.9%€7.2m▲ 1.0%
Debt€6.9m-€1.1m▼ 83.6%€0.001m▼ 99.9%
Working capital-€6.0m--€0.04m▲ 99.3%€1.2m
The operating result for 2025 is a loss of €1,313, larger than the loss of €700 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 €7.2m
Fixed assets
€6.0m =
Current assets
€1.2m ▲ 6.9%
Equity and liabilities €7.2m
Equity
€7.2m ▲ 20.0%
Debt
€998 ▼ 99.9%
Debt's share of the balance-sheet total falls from 15.8% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€1,064▼
2024 · -€451
Cash flow
€1.2m▼
2024 · €6.0m
Debt to equity
0.00▼
2024 · 0.19
ROE
16.6%▼
2024 · 99.9%
ROA
16.6%▼
2024 · 84.2%
Interest coverage
-3.22▼
2024 · -1.58
Debt ≤ 1 year
€998▼
2024 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €7.2m, equity €7.2m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €6.0m | - | - |
| Depreciation and write-downs of the year | €248 | €248 | €248 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €0 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €248 | €248 | €248 | = |
| Other operating charges640/8 | €162 | - | - | - |
| Gross operating margin9900 | -€0.001m | -€451 | -€0.001m | ▼ 136% |
| Operating profit (loss)9901 | -€0.002m | -€0.001m | -€0.001m | ▼ 87.6% |
| Financial income75/76B | €0 | €6.0m | €1.2m | ▼ 80.0% |
| Recurring financial income75 | €0 | €6.0m | €1.2m | ▼ 80.0% |
| Financial charges65/66B | €138 | €285 | €330 | ▲ 15.8% |
| Recurring financial charges65 | €138 | €285 | €330 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | -€0.002m | €6.0m | €1.2m | ▼ 80.0% |
| Profit (loss) for the period9904 | -€0.002m | €6.0m | €1.2m | ▼ 80.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.002m | €6.0m | €1.2m | ▼ 80.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6.9m | €7.1m | €7.2m | ▲ 1.0% |
| Formation expenses20 | €0.001m | €0.001m | €497 | ▼ 33.3% |
| Fixed assets21/28 | €6.0m | €6.0m | €6.0m | = |
| Financial fixed assets28 | €6.0m | €6.0m | €6.0m | = |
| Current assets29/58 | €0.8m | €1.1m | €1.2m | ▲ 6.9% |
| Amounts receivable within one year40/41 | €0 | €0.02m | €0.08m | ▲ 275% |
| Other amounts receivable41 | €0 | €0.02m | €0.08m | ▲ 275% |
| Cash at bank and in hand54/58 | €0.8m | €1.1m | €1.1m | ▲ 1.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6.9m | €7.1m | €7.2m | ▲ 1.0% |
| Equity10/15 | €0.003m | €6.0m | €7.2m | ▲ 20.0% |
| Contributions10/11 | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | -€0.002m | €6.0m | €7.2m | ▲ 20.0% |
| Amounts payable17/49 | €6.9m | €1.1m | €0.001m | ▼ 99.9% |
| Amounts payable within one year42/48 | €6.9m | €1.1m | €0.001m | ▼ 99.9% |
| Trade debts44 | €0 | €0 | €0.001m | - |
| Suppliers440/4 | €0 | €0 | €0.001m | - |
| Other amounts payable47/48 | €6.9m | €1.1m | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | €6.0m | €1.2m | ▼ 80.0% |
| + Depreciation and write-downs630 | €248 | €248 | €248 | = |
| Operating cash flow (approximation) | -€0.001m | €6.0m | €1.2m | ▼ 80.0% |
| Investment in fixed assets (approximation) | - | -€248 | -€248 | = |
| Change in cash | - | €0.2m | €0.02m | ▼ 92.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.