BEBO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-04-2026 PDF all 23 filings
Turnover
≈ €430,000
Estimated: probably between €380,000 and €490,000
Total assets
€5.1m▼ 7.3%
2024 · €5.5m
Net result
€2,938
2024 · -€11,929
Working capital
-€1.8m▲ 0.1%
2024 · -€1.8m
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€175,199
▲ 4.5%
2025
20192025
Net result
€2,938
2025
middle half of the sector
20192025
Equity
€2.5m
▲ 0.1%
2025
highest quarter of the sector
20192025
Total assets
€5.1m
▼ 7.3%
2025
highest quarter of the sector
20192025
Debt
€2.5m
▼ 13.8%
2025
20192025
Working capital
-€1.8m
▲ 0.1%
2025
lowest quarter of the sector
20192025
Solvency
49.8%
▲ 3.7pp
2025
middle half of the sector
20192025
Current ratio
0.13
▼ 0.09
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
0.1%
▲ 0.3pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.07m-€0.1m€0.2m▲ 54.0%€0.4m▲ 105%€1.4m▲ 256%€0.2m▼ 88.2%€0.2m▲ 4.5%
Net result-€0.2m-€0.02mwithin the sector's middle half€0.1mabove the sector's middle half▲ 549%€0.2mabove the sector's middle half▲ 82.4%€0.9mabove the sector's middle half▲ 327%-€0.01mbelow the sector's middle half€0.003mwithin the sector's middle half
Equity€1.6m-€1.6mabove the sector's middle half▲ 1.1%€1.7mabove the sector's middle half▲ 5.9%€1.9mabove the sector's middle half▲ 12.5%€2.8mabove the sector's middle half▲ 47.4%€2.5mabove the sector's middle half▼ 9.9%€2.5mabove the sector's middle half▲ 0.1%
Total assets€7.2m-€6.8mabove the sector's middle half▼ 6.7%€6.4mabove the sector's middle half▼ 4.7%€6.6mabove the sector's middle half▲ 2.2%€5.9mabove the sector's middle half▼ 9.9%€5.5mabove the sector's middle half▼ 8.1%€5.1mabove the sector's middle half▼ 7.3%
Debt€5.6m-€5.1m▼ 9.0%€4.7m▼ 8.4%€4.7m=€3.1m▼ 33.1%€2.9m▼ 6.5%€2.5m▼ 13.8%
Working capital-€1.0m--€1.0mbelow the sector's middle half▼ 6.1%-€2.4mbelow the sector's middle half▼ 131%-€2.7mbelow the sector's middle half▼ 14.9%-€1.6mbelow the sector's middle half▲ 41.6%-€1.8mbelow the sector's middle half▼ 14.5%-€1.8mbelow the sector's middle half▲ 0.1%
Solvency21.7%-23.5%within the sector's middle half▲ 1.8pp26.1%within the sector's middle half▲ 2.6pp28.8%within the sector's middle half▲ 2.6pp47.1%within the sector's middle half▲ 18.3pp46.1%within the sector's middle half▼ 0.9pp49.8%within the sector's middle half▲ 3.7pp
Current ratio0.43-0.37below the sector's middle half▼ 0.060.19below the sector's middle half▼ 0.170.18below the sector's middle half▼ 0.010.35below the sector's middle half▲ 0.170.22below the sector's middle half▼ 0.130.13below the sector's middle half▼ 0.09
Return on assets (ROA)-2.2%-0.3%within the sector's middle half▲ 2.5pp1.8%within the sector's middle half▲ 1.5pp3.2%within the sector's middle half▲ 1.4pp15.1%above the sector's middle half▲ 11.9pp-0.2%within the sector's middle half▼ 15.3pp0.1%within the sector's middle half▲ 0.3pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 5% higher than in 2024. It is a recovery after the fall in 2024.
Large changes and their cause
- 2023 Net result +327% on 2022. The 2023 profit included a one-off income of €1,227,368.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.8m ▼ 3.1%
Current assets
€258,970 ▼ 49.1%
Equity and liabilities €5.1m
Equity
€2.5m ▲ 0.1%
Provisions
€11,508 ▼ 4.7%
Debt
€2.5m ▼ 13.8%
Debt's share of the balance-sheet total falls from 53.7% to 49.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€332,062▲
2024 · €323,844
Cash flow
€159,801▲
2024 · €144,339
Debt to equity
1.00▼
2024 · 1.16
ROE
0.1%▲
2024 · -0.5%
Interest coverage
1.85▲
2024 · 1.74
Debt ≤ 1 year
€2.1m▼
2024 · €2.3m
Debt > 1 year
€273,890▼
2024 · €405,357
Income taxes
€10,615▲
2024 · €921
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €27,500 | €27,500 | €27,500 | €27,500 |
| Mortgage mandates | €4.0m | €4.0m | €4.0m | €4.0m |
| Carrying value of the mortgaged assets | €2.6m | €1.9m | €1.8m | €1.7m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €869 | €12,427 | - | €5,947 |
| Financial fixed assets | €851,299 | - | - | - |
| Depreciation and write-downs of the year | €188,498 | €159,586 | €156,268 | €156,863 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.2m | €1.2m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.06m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.06m | €0.05m | €0.04m | €0.04m | ▲ 3.3% |
| Gross operating margin9900 | €0.6m | €0.5m | €0.6m | €0.6m | €1.6m | €0.4m | €0.4m | ▲ 2.6% |
| Operating profit (loss)9901 | -€0.07m | €0.1m | €0.2m | €0.4m | €1.4m | €0.2m | €0.2m | ▲ 4.5% |
| Financial income75/76B | - | - | - | €0.002m | €0.001m | €0.007m | €0.02m | ▲ 132% |
| Recurring financial income75 | €0.01m | €0.006m | €0.003m | €0.002m | €0.001m | €0.007m | €0.02m | ▲ 132% |
| Financial charges65/66B | - | - | - | €0.08m | €0.2m | €0.2m | €0.2m | ▼ 3.8% |
| Recurring financial charges65 | €0.09m | €0.1m | €0.08m | €0.08m | €0.2m | €0.2m | €0.2m | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.02m | €0.1m | €0.3m | €1.3m | -€0.01m | €0.01m | - |
| Transfer from deferred taxes780 | - | - | - | €0.005m | €0.001m | €0.001m | €0.001m | = |
| Income taxes67/77 | €373 | €261 | €0.006m | €0.1m | €0.4m | €0.001m | €0.01m | ▲ 12× |
| Profit (loss) for the period9904 | -€0.2m | €0.02m | €0.1m | €0.2m | €0.9m | -€0.01m | €0.003m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.004m | €0.002m | €0.04m | ▲ 23× |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.4m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €0.03m | €0.1m | €0.2m | €0.5m | -€0.01m | €0.04m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7.2m | €6.8m | €6.4m | €6.6m | €5.9m | €5.5m | €5.1m | ▼ 7.3% |
| Fixed assets21/28 | €6.5m | €6.2m | €5.9m | €6.0m | €5.1m | €4.9m | €4.8m | ▼ 3.1% |
| Tangible fixed assets22/27 | €5.1m | €4.8m | €4.5m | €3.8m | €2.9m | €2.7m | €2.6m | ▼ 5.6% |
| Land and buildings22 | - | - | - | €3.7m | €2.9m | €2.7m | €2.5m | ▼ 5.8% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.001m | €354 | €0.006m | ▲ 16× |
| Financial fixed assets28 | €1.5m | €1.4m | €1.4m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Current assets29/58 | €0.7m | €0.6m | €0.6m | €0.6m | €0.8m | €0.5m | €0.3m | ▼ 49.1% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.5m | €0.3m | €0.3m | €0.2m | ▼ 16.4% |
| Trade receivables40 | - | - | - | €0.002m | €0.006m | €0.001m | €0.003m | ▲ 159% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.3m | €0.3m | €0.2m | ▼ 17.2% |
| Current investments50/53 | - | - | - | - | €0.4m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.1m | €0.003m | €0.06m | €0.2m | €0.04m | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.03m | €0.03m | €0.01m | ▼ 63.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7.2m | €6.8m | €6.4m | €6.6m | €5.9m | €5.5m | €5.1m | ▼ 7.3% |
| Equity10/15 | €1.6m | €1.6m | €1.7m | €1.9m | €2.8m | €2.5m | €2.5m | ▲ 0.1% |
| Contributions10/11 | €0.5m | - | - | €0.5m | €0.5m | €0.2m | €0.2m | = |
| Reserves13 | €1.3m | €1.2m | €1.2m | €1.4m | €2.3m | €2.3m | €2.3m | ▼ 0.3% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.5m | €0.5m | €0.4m | ▼ 8.1% |
| Distributable reserves133 | - | - | - | €1.3m | €1.8m | €1.8m | €1.9m | ▲ 1.7% |
| Profit (loss) carried forward14 | -€0.1m | -€0.1m | €0 | - | - | -€0.01m | €0 | - |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.08m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 4.7% |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - | - | - |
| Pensions and similar obligations160 | - | - | - | €0 | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 4.7% |
| Amounts payable17/49 | €5.6m | €5.1m | €4.7m | €4.7m | €3.1m | €2.9m | €2.5m | ▼ 13.8% |
| Amounts payable after more than one year17 | €3.8m | €3.4m | €1.6m | €1.3m | €0.5m | €0.4m | €0.3m | ▼ 32.4% |
| Financial debts170/4 | - | - | - | €1.3m | €0.5m | €0.4m | €0.3m | ▼ 32.4% |
| Amounts payable within one year42/48 | €1.7m | €1.6m | €2.9m | €3.3m | €2.4m | €2.3m | €2.1m | ▼ 10.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.1m | €0.1m | €0.1m | = |
| Financial debts43 | - | - | - | €0.03m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.03m | €0 | - | - | - |
| Trade debts44 | €0.004m | €0.002m | €0.001m | €0.003m | €0.002m | €405 | €0.002m | ▲ 470% |
| Suppliers440/4 | - | - | - | €0.003m | €0.002m | €405 | €0.002m | ▲ 470% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.08m | €293 | €0.001m | ▲ 146% |
| Taxes450/3 | - | - | - | €0.08m | €0.07m | €293 | €0.001m | ▲ 146% |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €2.8m | €2.2m | €2.2m | €1.9m | ▼ 11.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 9.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.02m | €0.1m | €0.2m | €0.9m | -€0.01m | €0.003m | - |
| + Depreciation and write-downs630 | €0.6m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.4% |
| Operating cash flow (approximation) | €0.5m | €0.3m | €0.4m | €0.4m | €1.1m | €0.1m | €0.2m | ▲ 10.7% |
| Investment in fixed assets (approximation) | - | €0.06m | -€0.001m | -€0.3m | €0.7m | €0 | -€0.006m | - |
| Change in cash | - | -€0.05m | €0.02m | -€0.1m | €0.06m | €0.2m | -€0.2m | - |
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, 14,766 companies had the same profile as BEBO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BEBO itself: 0.1% 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 14,766 companies, not a prediction for BEBO. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 28-04-2026 | 2026-00090419 | |
| 30-09-2024 | micro format | 11-12-2024 | 2024-00616104 | |
| 30-09-2023 | micro format | 21-03-2024 | 2024-00050213 | |
| 30-09-2022 | micro format | 06-04-2023 | 2023-00055464 | |
| 30-09-2021 | micro format | 28-03-2022 | 2022-09400595 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13000362 | |
| 30-09-2019 | abbreviated format | 20-04-2020 | 2020-09800499 | |
| 30-09-2018 | abbreviated format | 09-04-2019 | 2019-09700570 | |
| 30-09-2017 | abbreviated format | 12-04-2018 | 2018-09900563 | |
| 30-09-2016 | abbreviated format | 04-04-2017 | 2017-08800531 |