beetobee
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 15 filings
Turnover
≈ €110,000
Estimated: probably between €69,000 and €230,000
Total assets
€183,559▲ 11.8%
2024 · €164,207
Net result
€25,506▼ 24.4%
2024 · €33,752
Working capital
€106,676▲ 21.5%
2024 · €87,800
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€38,437
▼ 24.4%
2025
20192025
Net result
€25,506
▼ 24.4%
2025
middle half of the sector
20192025
Equity
€101,434
▲ 33.6%
2025
middle half of the sector
20192025
Total assets
€183,559
▲ 11.8%
2025
middle half of the sector
20192025
Debt
€82,125
▼ 7.0%
2025
20192025
Working capital
€106,676
▲ 21.5%
2025
highest quarter of the sector
20192025
Solvency
55.3%
▲ 9.0pp
2025
middle half of the sector
20192025
Current ratio
2.69
▲ 0.14
2025
middle half of the sector
20192025
Return on assets (ROA)
13.9%
▼ 6.7pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€43,918-€29,297▼ 33.3%€26,428▼ 9.8%€108,325▲ 310%€6,933▼ 93.6%€50,812▲ 633%€38,437▼ 24.4%
Net result€21,092-€8,074within the sector's middle half▼ 61.7%-€104,620below the sector's middle half€90,101above the sector's middle half€4,344within the sector's middle half▼ 95.2%€33,752above the sector's middle half▲ 677%€25,506within the sector's middle half▼ 24.4%
Equity€44,278-€52,351within the sector's middle half▲ 18.2%-€52,269below the sector's middle half€37,833within the sector's middle half€42,176within the sector's middle half▲ 11.5%€75,928within the sector's middle half▲ 80.0%€101,434within the sector's middle half▲ 33.6%
Total assets€362,548-€364,591within the sector's middle half▲ 0.6%€244,094within the sector's middle half▼ 33.0%€106,644below the sector's middle half▼ 56.3%€152,227within the sector's middle half▲ 42.7%€164,207within the sector's middle half▲ 7.9%€183,559within the sector's middle half▲ 11.8%
Debt€318,271-€312,240▼ 1.9%€296,363▼ 5.1%€68,812▼ 76.8%€110,051▲ 59.9%€88,279▼ 19.8%€82,125▼ 7.0%
Working capital-€47,008-€1,301within the sector's middle half€40,310within the sector's middle half▲ 31×€24,256within the sector's middle half▼ 39.8%€62,798within the sector's middle half▲ 159%€87,800within the sector's middle half▲ 39.8%€106,676above the sector's middle half▲ 21.5%
Solvency12.2%-14.4%within the sector's middle half▲ 2.1pp-21.4%below the sector's middle half▼ 35.8pp35.5%within the sector's middle half▲ 56.9pp27.7%within the sector's middle half▼ 7.8pp46.2%within the sector's middle half▲ 18.5pp55.3%within the sector's middle half▲ 9.0pp
Current ratio0.55-1.01within the sector's middle half▲ 0.461.54within the sector's middle half▲ 0.521.39within the sector's middle half▼ 0.151.91within the sector's middle half▲ 0.522.55within the sector's middle half▲ 0.642.69within the sector's middle half▲ 0.14
Return on assets (ROA)5.8%-2.2%within the sector's middle half▼ 3.6pp-42.9%below the sector's middle half▼ 45.1pp84.5%above the sector's middle half▲ 127.3pp2.9%within the sector's middle half▼ 81.6pp20.6%above the sector's middle half▲ 17.7pp13.9%above the sector's middle half▼ 6.7pp
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 24% lower than in 2024.
Turnover and EBIT margin are not published. The 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 €183,559
Fixed assets
€13,842 ▼ 30.0%
Current assets
€169,717 ▲ 17.5%
Equity and liabilities €183,559
Equity
€101,434 ▲ 33.6%
Debt
€82,125 ▼ 7.0%
Debt's share of the balance-sheet total falls from 53.8% to 44.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,356▼
2024 · €56,756
Cash flow
€31,425▼
2024 · €39,696
Debt to equity
0.81▼
2024 · 1.16
ROE
25.1%▼
2024 · 44.5%
Interest coverage
12.88▼
2024 · 13.95
Debt ≤ 1 year
€63,041▲
2024 · €56,646
Debt > 1 year
€19,084▼
2024 · €31,633
Income taxes
€11,300▼
2024 · €14,746
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €5,335 | €5,258 | - |
| Depreciation and write-downs of the year | €5,101 | €4,964 | €5,945 | €5,919 |
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 | - | - | - | €106,438 | - | €9,670 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,826 | €14,174 | €10,859 | €5,101 | €4,964 | €5,945 | €5,919 | ▼ 0.4% |
| Other operating charges640/8 | - | - | - | €2,072 | €433 | €675 | €912 | ▲ 35.1% |
| Gross operating margin9900 | €57,930 | €58,123 | €46,737 | €115,498 | €12,330 | €57,432 | €45,268 | ▼ 21.2% |
| Operating profit (loss)9901 | €43,918 | €29,297 | €26,428 | €108,325 | €6,933 | €50,812 | €38,437 | ▼ 24.4% |
| Financial income75/76B | - | - | - | €1,217 | €1,802 | €1,755 | €1,812 | ▲ 3.2% |
| Recurring financial income75 | €3,785 | €5,947 | €7,469 | €1,217 | €1,802 | €1,755 | €1,812 | ▲ 3.2% |
| Financial charges65/66B | - | - | - | €7,229 | €2,092 | €4,070 | €3,443 | ▼ 15.4% |
| Recurring financial charges65 | €18,608 | €13,035 | €8,523 | €7,229 | €2,092 | €4,070 | €3,443 | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €29,094 | €15,059 | -€104,626 | €102,313 | €6,644 | €48,497 | €36,806 | ▼ 24.1% |
| Income taxes67/77 | €8,003 | €6,985 | -€6 | €12,212 | €2,300 | €14,746 | €11,300 | ▼ 23.4% |
| Profit (loss) for the period9904 | €21,092 | €8,074 | -€104,620 | €90,101 | €4,344 | €33,752 | €25,506 | ▼ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €21,092 | €8,074 | -€104,620 | €90,101 | €4,344 | €33,752 | €25,506 | ▼ 24.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €362,548 | €364,591 | €244,094 | €106,644 | €152,227 | €164,207 | €183,559 | ▲ 11.8% |
| Fixed assets21/28 | €304,569 | €272,326 | €128,740 | €20,077 | €20,448 | €19,761 | €13,842 | ▼ 30.0% |
| Tangible fixed assets22/27 | €145,969 | €142,326 | €128,740 | €20,077 | €20,448 | €19,761 | €13,842 | ▼ 30.0% |
| Plant, machinery and equipment23 | - | - | - | €20,077 | €20,448 | €19,761 | €13,842 | ▼ 30.0% |
| Financial fixed assets28 | €158,600 | €130,000 | - | - | - | - | - | - |
| Current assets29/58 | €57,979 | €92,266 | €115,355 | €86,568 | €131,779 | €144,446 | €169,717 | ▲ 17.5% |
| Amounts receivable after more than one year29 | - | - | - | €69,000 | €119,000 | €119,000 | €119,000 | = |
| Other amounts receivable291 | - | - | - | €69,000 | €119,000 | €119,000 | €119,000 | = |
| Amounts receivable within one year40/41 | €57,979 | €92,266 | €78,917 | €1,043 | €7,700 | €21,106 | €43,306 | ▲ 105% |
| Trade receivables40 | - | - | - | - | - | €12,100 | €28,300 | ▲ 134% |
| Other amounts receivable41 | - | - | - | €1,043 | €7,700 | €9,006 | €15,006 | ▲ 66.6% |
| Cash at bank and in hand54/58 | - | - | €36,438 | €16,525 | €5,079 | €4,340 | €7,410 | ▲ 70.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €362,548 | €364,591 | €244,094 | €106,644 | €152,227 | €164,207 | €183,559 | ▲ 11.8% |
| Equity10/15 | €44,278 | €52,351 | -€52,269 | €37,833 | €42,176 | €75,928 | €101,434 | ▲ 33.6% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | - | - | - | €90,000 | €90,000 | €123,000 | €148,000 | ▲ 20.3% |
| Distributable reserves133 | - | - | - | €90,000 | €90,000 | €123,000 | €148,000 | ▲ 20.3% |
| Profit (loss) carried forward14 | €25,678 | €33,751 | -€70,869 | -€70,767 | -€66,424 | -€65,672 | -€65,166 | ▲ 0.8% |
| Amounts payable17/49 | €318,271 | €312,240 | €296,363 | €68,812 | €110,051 | €88,279 | €82,125 | ▼ 7.0% |
| Amounts payable after more than one year17 | €213,284 | €221,275 | €221,318 | €6,500 | €41,069 | €31,633 | €19,084 | ▼ 39.7% |
| Financial debts170/4 | - | - | - | €6,500 | €41,069 | €31,633 | €19,084 | ▼ 39.7% |
| Amounts payable within one year42/48 | €104,987 | €90,965 | €75,045 | €62,312 | €68,982 | €56,646 | €63,041 | ▲ 11.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,500 | €22,931 | €13,186 | €12,608 | ▼ 4.4% |
| Trade debts44 | €21,980 | €9,369 | €21,695 | €25,011 | €36,155 | €30,065 | €30,081 | ▲ 0.1% |
| Suppliers440/4 | - | - | - | €25,011 | €36,155 | €30,065 | €30,081 | ▲ 0.1% |
| Taxes, remuneration and social security45 | - | - | - | €3,801 | €2,166 | €13,364 | €11,772 | ▼ 11.9% |
| Taxes450/3 | - | - | - | €3,801 | €2,166 | €13,364 | €11,772 | ▼ 11.9% |
| Other amounts payable47/48 | - | - | - | - | €7,731 | €31 | €8,581 | ▲ 274× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,092 | €8,074 | -€104,620 | €90,101 | €4,344 | €33,752 | €25,506 | ▼ 24.4% |
| + Depreciation and write-downs630 | €11,826 | €14,174 | €10,859 | €5,101 | €4,964 | €5,945 | €5,919 | ▼ 0.4% |
| Operating cash flow (approximation) | €32,918 | €22,247 | -€93,760 | €95,202 | €9,307 | €39,696 | €31,425 | ▼ 20.8% |
| Investment in fixed assets (approximation) | - | €18,070 | €132,726 | €103,562 | -€5,335 | -€5,258 | €0 | - |
| Change in cash | - | - | - | -€19,913 | -€11,446 | -€740 | €3,071 | - |
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, 34,693 companies had the same profile as beetobee has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of beetobee 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 34,693 companies, not a prediction for beetobee. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00194301 | |
| 30-09-2024 | micro format | 28-10-2024 | 2024-00518618 | |
| 30-09-2023 | micro format | 19-03-2024 | 2024-00048963 | |
| 30-09-2022 | micro format | 19-01-2023 | 2023-00001068 | |
| 30-09-2021 | micro format | 21-03-2022 | 2022-08100142 | |
| 30-09-2020 | micro format | 24-03-2021 | 2021-08300365 | |
| 30-09-2019 | micro format | 09-04-2020 | 2020-08900215 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07700383 | |
| 30-09-2017 | micro format | 21-03-2018 | 2018-07200572 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-07000036 |