BECOMM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-06-2026 PDF all 20 filings
Equity
€26,147▼ 35.3%
2024 · €40,441
Total assets
€40,138▼ 41.2%
2024 · €68,269
Net result
-€14,294
2024 · €8,007
Working capital
€24,336▼ 32.4%
2024 · €35,999
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€13,959
2025
20182025
Net result
-€14,294
2025
lowest quarter of the sector
20182025
Equity
€26,147
▼ 35.3%
2025
middle half of the sector
20182025
Total assets
€40,138
▼ 41.2%
2025
lowest quarter of the sector
20182025
Debt
€13,991
▼ 49.7%
2025
20182025
Working capital
€24,336
▼ 32.4%
2025
middle half of the sector
20182025
Solvency
65.1%
▲ 5.9pp
2025
middle half of the sector
20182025
Current ratio
2.74
▲ 0.45
2025
middle half of the sector
20182025
Return on assets (ROA)
-35.6%
▼ 47.3pp
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€17,054-€28,237▲ 65.6%€21,831▼ 22.7%€6,309▼ 71.1%€9,735▲ 54.3%€10,760▲ 10.5%€17,446▲ 62.1%-€13,959
Net result€3,985-€13,295▲ 234%€8,025within the sector's middle half▼ 39.6%€5,570within the sector's middle half▼ 30.6%€2,511within the sector's middle half▼ 54.9%€3,754within the sector's middle half▲ 49.5%€8,007within the sector's middle half▲ 113%-€14,294below the sector's middle half
Equity€5,642-€18,937▲ 236%€26,962within the sector's middle half▲ 42.4%€32,533within the sector's middle half▲ 20.7%€35,044within the sector's middle half▲ 7.7%€38,798within the sector's middle half▲ 10.7%€40,441within the sector's middle half▲ 4.2%€26,147within the sector's middle half▼ 35.3%
Total assets€249,581-€237,111▼ 5.0%€240,769within the sector's middle half▲ 1.5%€71,499within the sector's middle half▼ 70.3%€65,588within the sector's middle half▼ 8.3%€76,884within the sector's middle half▲ 17.2%€68,269within the sector's middle half▼ 11.2%€40,138below the sector's middle half▼ 41.2%
Debt€243,939-€218,174▼ 10.6%€213,807▼ 2.0%€38,966▼ 81.8%€30,544▼ 21.6%€38,085▲ 24.7%€27,827▼ 26.9%€13,991▼ 49.7%
Working capital-€10,381-€6,714€20,292within the sector's middle half▲ 202%€21,280within the sector's middle half▲ 4.9%€27,975within the sector's middle half▲ 31.5%€32,983within the sector's middle half▲ 17.9%€35,999within the sector's middle half▲ 9.1%€24,336within the sector's middle half▼ 32.4%
Solvency2.3%-8.0%▲ 5.7pp11.2%below the sector's middle half▲ 3.2pp45.5%within the sector's middle half▲ 34.3pp53.4%within the sector's middle half▲ 7.9pp50.5%within the sector's middle half▼ 3.0pp59.2%within the sector's middle half▲ 8.8pp65.1%within the sector's middle half▲ 5.9pp
Current ratio0.78-1.22▲ 0.441.54within the sector's middle half▲ 0.321.55within the sector's middle half▲ 0.011.92within the sector's middle half▲ 0.371.87within the sector's middle half▼ 0.052.29within the sector's middle half▲ 0.432.74within the sector's middle half▲ 0.45
Return on assets (ROA)1.6%-5.6%▲ 4.0pp3.3%within the sector's middle half▼ 2.3pp7.8%within the sector's middle half▲ 4.5pp3.8%within the sector's middle half▼ 4.0pp4.9%within the sector's middle half▲ 1.1pp11.7%within the sector's middle half▲ 6.8pp-35.6%below the sector's middle half▼ 47.3pp
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 €13,959, after a profit of €17,446 in 2024. It is the lowest result since 2021.
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 €40,138
Fixed assets
€1,812 ▼ 59.2%
Current assets
€38,327 ▼ 40.0%
Equity and liabilities €40,138
Equity
€26,147 ▼ 35.3%
Debt
€13,991 ▼ 49.7%
Debt's share of the balance-sheet total falls from 40.8% to 34.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,329▼
2024 · €19,809
Cash flow
-€11,663▼
2024 · €10,369
Debt to equity
0.54▼
2024 · 0.69
ROE
-54.7%▼
2024 · 19.8%
Interest coverage
-33.82▼
2024 · 11.03
Debt ≤ 1 year
€13,991▼
2024 · €27,827
Income taxes
€0▼
2024 · €7,648
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,803 | - | €1,700 | €16,970 | - |
| Depreciation and write-downs of the year | €4,417 | €4,125 | €2,954 | €2,363 | €2,631 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,072 | €21,627 | €19,306 | €4,417 | €4,125 | €2,954 | €2,363 | €2,631 | ▲ 11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €403 | - | - | €457 | €667 | ▲ 46.0% |
| Other operating charges640/8 | - | - | - | €2,365 | €1,573 | €861 | €2,605 | €400 | ▼ 84.7% |
| Gross operating margin9900 | €40,870 | €52,368 | €43,925 | €13,494 | €15,433 | €14,575 | €22,871 | -€10,262 | - |
| Operating profit (loss)9901 | €17,054 | €28,237 | €21,831 | €6,309 | €9,735 | €10,760 | €17,446 | -€13,959 | - |
| Financial income75/76B | - | - | - | €12,900 | €9 | €98 | €4 | €0 | ▼ 95.0% |
| Recurring financial income75 | €0 | €20 | €7 | €22 | €9 | €98 | €4 | €0 | ▼ 95.0% |
| Non-recurring financial income76B | - | - | - | €12,878 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,830 | €1,841 | €1,418 | €1,795 | €335 | ▼ 81.3% |
| Recurring financial charges65 | €7,011 | €6,618 | €6,028 | €6,830 | €1,841 | €1,418 | €1,795 | €335 | ▼ 81.3% |
| Profit (loss) for the period before taxes9903 | €10,043 | €21,638 | €15,810 | €12,379 | €7,902 | €9,440 | €15,655 | -€14,294 | - |
| Income taxes67/77 | €6,058 | €8,343 | €7,785 | €6,809 | €5,391 | €5,685 | €7,648 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €3,985 | €13,295 | €8,025 | €5,570 | €2,511 | €3,754 | €8,007 | -€14,294 | - |
| Profit (loss) for the period to be appropriated9905 | €3,985 | €13,295 | €8,025 | €5,570 | €2,511 | €3,754 | €8,007 | -€14,294 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €249,581 | €237,111 | €240,769 | €71,499 | €65,588 | €76,884 | €68,269 | €40,138 | ▼ 41.2% |
| Fixed assets21/28 | €213,789 | €199,281 | €182,738 | €11,253 | €7,069 | €5,815 | €4,442 | €1,812 | ▼ 59.2% |
| Tangible fixed assets22/27 | €213,731 | €199,223 | €182,680 | €11,195 | €7,069 | €5,815 | €4,442 | €1,812 | ▼ 59.2% |
| Furniture and vehicles24 | - | - | - | €11,195 | €7,069 | €5,815 | €4,442 | €1,812 | ▼ 59.2% |
| Financial fixed assets28 | €58 | €58 | €58 | €58 | - | - | - | - | - |
| Current assets29/58 | €35,792 | €37,829 | €58,031 | €60,247 | €58,518 | €71,069 | €63,826 | €38,327 | ▼ 40.0% |
| Amounts receivable after more than one year29 | - | - | - | €21,307 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Other amounts receivable291 | - | - | - | €21,307 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Amounts receivable within one year40/41 | €29,441 | €10,444 | €24,219 | €36,132 | €24,861 | €35,906 | €30,654 | €5,382 | ▼ 82.4% |
| Trade receivables40 | - | - | - | €36,062 | €22,526 | €27,063 | €20,811 | €2,795 | ▼ 86.6% |
| Other amounts receivable41 | - | - | - | €70 | €2,335 | €8,843 | €9,843 | €2,587 | ▼ 73.7% |
| Cash at bank and in hand54/58 | €2,872 | €20,110 | €27,368 | €1,553 | €1,928 | €1,928 | €1,928 | €1,928 | = |
| Deferred charges and accrued income490/1 | - | - | - | €1,256 | €729 | €2,234 | €244 | €17 | ▼ 93.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €249,581 | €237,111 | €240,769 | €71,499 | €65,588 | €76,884 | €68,269 | €40,138 | ▼ 41.2% |
| Equity10/15 | €5,642 | €18,937 | €26,962 | €32,533 | €35,044 | €38,798 | €40,441 | €26,147 | ▼ 35.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €8,224 | €16,249 | €21,819 | €24,331 | €28,085 | €29,728 | €29,728 | = |
| Distributable reserves133 | - | - | - | €21,819 | €24,331 | €28,085 | €29,728 | €29,728 | = |
| Profit (loss) carried forward14 | -€2,418 | €4,513 | €4,513 | €4,513 | €4,513 | €4,513 | €4,513 | -€9,781 | - |
| Amounts payable17/49 | €243,939 | €218,174 | €213,807 | €38,966 | €30,544 | €38,085 | €27,827 | €13,991 | ▼ 49.7% |
| Amounts payable after more than one year17 | €197,766 | €187,058 | €176,068 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €46,172 | €31,116 | €37,739 | €38,966 | €30,544 | €38,085 | €27,827 | €13,991 | ▼ 49.7% |
| Financial debts43 | - | - | - | €1,762 | €1,055 | €3,889 | €2,635 | €3,253 | ▲ 23.5% |
| Credit institutions430/8 | - | - | - | €1,762 | €1,055 | €3,889 | €2,635 | €3,253 | ▲ 23.5% |
| Trade debts44 | €23,373 | €8,555 | €9,801 | €23,658 | €20,335 | €18,043 | €6,812 | €1,943 | ▼ 71.5% |
| Suppliers440/4 | - | - | - | €23,658 | €20,335 | €18,043 | €6,812 | €1,943 | ▼ 71.5% |
| Taxes, remuneration and social security45 | - | - | - | €13,547 | €9,153 | €16,153 | €18,063 | €8,477 | ▼ 53.1% |
| Taxes450/3 | - | - | - | €10,546 | €9,153 | €16,153 | €18,063 | €8,477 | ▼ 53.1% |
| Remuneration and social security454/9 | - | - | - | €3,001 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €318 | €318 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,985 | €13,295 | €8,025 | €5,570 | €2,511 | €3,754 | €8,007 | -€14,294 | - |
| + Depreciation and write-downs630 | €21,072 | €21,627 | €19,306 | €4,417 | €4,125 | €2,954 | €2,363 | €2,631 | ▲ 11.3% |
| Operating cash flow (approximation) | €25,056 | €34,922 | €27,331 | €9,988 | €6,637 | €6,708 | €10,369 | -€11,663 | - |
| Investment in fixed assets (approximation) | - | -€7,120 | -€2,763 | €167,069 | €58 | -€1,700 | -€990 | €0 | - |
| Change in cash | - | €17,238 | €7,257 | -€25,815 | €375 | €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.
Historical observation
In July 2024, 5,831 companies had the same profile as BECOMM 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 BECOMM itself: 0.5% 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 BECOMM. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00130984 | |
| 31-12-2024 | micro format | 10-04-2025 | 2025-00066954 | |
| 31-12-2023 | micro format | 29-04-2024 | 2024-00074514 | |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00235879 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20188267 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35300165 | |
| 31-12-2019 | micro format | 13-08-2020 | 2020-41000170 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55200514 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43100363 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-47900254 |