BENSTA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 6 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €54,000
Estimated: probably between €32,000 and €93,000
Total assets
€24,086▲ 23.5%
2024 · €19,498
Net result
€5,805▲ 127%
2024 · €2,557
Working capital
€8,263▼ 0.9%
2024 · €8,341
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€9,852
▲ 56.1%
2025
20202025
Net result
€5,805
▲ 127%
2025
middle half of the sector
20202025
Equity
€8,263
▼ 0.9%
2025
lowest quarter of the sector
20202025
Total assets
€24,086
▲ 23.5%
2025
lowest quarter of the sector
20202025
Debt
€15,823
▲ 41.8%
2025
20202025
Working capital
€8,263
▼ 0.9%
2025
middle half of the sector
20202025
Solvency
34.3%
▼ 8.5pp
2025
middle half of the sector
20202025
Current ratio
1.52
▼ 0.23
2025
middle half of the sector
20202025
Return on assets (ROA)
24.1%
▲ 11.0pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€6,872-€506€2,644▲ 422%€7,811▲ 195%€6,310▼ 19.2%€9,852▲ 56.1%
Net result-€6,901below the sector's middle half-€404within the sector's middle half€2,023within the sector's middle half▲ 400%€4,257within the sector's middle half▲ 110%€2,557within the sector's middle half▼ 39.9%€5,805within the sector's middle half▲ 127%
Equity-€901below the sector's middle half--€496below the sector's middle half▲ 44.9%€1,527below the sector's middle half€5,784below the sector's middle half▲ 279%€8,341below the sector's middle half▲ 44.2%€8,263below the sector's middle half▼ 0.9%
Total assets€8,166below the sector's middle half-€8,775below the sector's middle half▲ 7.5%€9,948below the sector's middle half▲ 13.4%€14,439below the sector's middle half▲ 45.1%€19,498below the sector's middle half▲ 35.0%€24,086below the sector's middle half▲ 23.5%
Debt€9,067-€9,271▲ 2.2%€8,421▼ 9.2%€8,655▲ 2.8%€11,158▲ 28.9%€15,823▲ 41.8%
Working capital-€901within the sector's middle half--€496within the sector's middle half▲ 44.9%€1,527within the sector's middle half€5,784within the sector's middle half▲ 279%€8,341within the sector's middle half▲ 44.2%€8,263within the sector's middle half▼ 0.9%
Solvency-11.0%below the sector's middle half--5.7%below the sector's middle half▲ 5.4pp15.3%below the sector's middle half▲ 21.0pp40.1%within the sector's middle half▲ 24.7pp42.8%within the sector's middle half▲ 2.7pp34.3%within the sector's middle half▼ 8.5pp
Current ratio0.90within the sector's middle half-0.95within the sector's middle half▲ 0.051.18within the sector's middle half▲ 0.231.67within the sector's middle half▲ 0.491.75within the sector's middle half▲ 0.081.52within the sector's middle half▼ 0.23
Return on assets (ROA)-84.5%below the sector's middle half-4.6%within the sector's middle half▲ 89.1pp20.3%within the sector's middle half▲ 15.7pp29.5%above the sector's middle half▲ 9.2pp13.1%within the sector's middle half▼ 16.4pp24.1%within the sector's middle half▲ 11.0pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 56% higher than in 2024 and the highest since 2021. It is a recovery after the fall 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
Equity and liabilities €24,086
Equity
€8,263 ▼ 0.9%
Debt
€15,823 ▲ 41.8%
Debt's share of the balance-sheet total rises from 57.2% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.91▲
2024 · 1.34
ROE
70.2%▲
2024 · 30.7%
Debt ≤ 1 year
€15,823▲
2024 · €11,158
Income taxes
€3,093▲
2024 · €2,692
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,424 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | €1,000 | €370 | €440 | €127 | ▼ 71.1% |
| Gross operating margin9900 | -€5,448 | €506 | €3,644 | €8,181 | €6,750 | €9,979 | ▲ 47.8% |
| Operating profit (loss)9901 | -€6,872 | €506 | €2,644 | €7,811 | €6,310 | €9,852 | ▲ 56.1% |
| Financial income75/76B | - | - | - | - | €0 | €0 | = |
| Recurring financial income75 | - | - | - | - | €0 | €0 | = |
| Financial charges65/66B | - | €102 | €559 | €2,021 | €1,061 | €954 | ▼ 10.1% |
| Recurring financial charges65 | €29 | €102 | €559 | €2,021 | €1,061 | €954 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | -€6,901 | €404 | €2,085 | €5,790 | €5,248 | €8,898 | ▲ 69.5% |
| Income taxes67/77 | - | - | €62 | €1,533 | €2,692 | €3,093 | ▲ 14.9% |
| Profit (loss) for the period9904 | -€6,901 | €404 | €2,023 | €4,257 | €2,557 | €5,805 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | -€6,901 | €404 | €2,023 | €4,257 | €2,557 | €5,805 | ▲ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €8,166 | €8,775 | €9,948 | €14,439 | €19,498 | €24,086 | ▲ 23.5% |
| Current assets29/58 | €8,166 | €8,775 | €9,948 | €14,439 | €19,498 | €24,086 | ▲ 23.5% |
| Amounts receivable within one year40/41 | €5,292 | €7,346 | €7,150 | €12,668 | €13,420 | €20,629 | ▲ 53.7% |
| Trade receivables40 | - | €7,346 | €7,150 | €8,157 | €8,720 | €9,261 | ▲ 6.2% |
| Other amounts receivable41 | - | - | - | €4,511 | €4,700 | €11,369 | ▲ 142% |
| Cash at bank and in hand54/58 | €2,874 | €1,429 | €2,798 | €1,771 | €6,078 | €3,457 | ▼ 43.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €8,166 | €8,775 | €9,948 | €14,439 | €19,498 | €24,086 | ▲ 23.5% |
| Equity10/15 | -€901 | -€496 | €1,527 | €5,784 | €8,341 | €8,263 | ▼ 0.9% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€6,901 | -€6,496 | -€4,473 | -€216 | €2,341 | €2,263 | ▼ 3.3% |
| Amounts payable17/49 | €9,067 | €9,271 | €8,421 | €8,655 | €11,158 | €15,823 | ▲ 41.8% |
| Amounts payable within one year42/48 | €9,067 | €9,271 | €8,421 | €8,655 | €11,158 | €15,823 | ▲ 41.8% |
| Trade debts44 | €1,629 | €1,162 | €1,970 | €1,630 | €3,041 | €1,031 | ▼ 66.1% |
| Suppliers440/4 | - | €1,162 | €1,970 | €1,630 | €3,041 | €1,031 | ▼ 66.1% |
| Taxes, remuneration and social security45 | - | €642 | €2,993 | €7,025 | €8,117 | €9,793 | ▲ 20.6% |
| Taxes450/3 | - | €642 | €2,993 | €7,025 | €8,117 | €9,793 | ▲ 20.6% |
| Other amounts payable47/48 | - | €7,468 | €3,458 | - | - | €5,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,901 | €404 | €2,023 | €4,257 | €2,557 | €5,805 | ▲ 127% |
| + Depreciation and write-downs630 | €1,424 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€5,477 | €404 | €2,023 | €4,257 | €2,557 | €5,805 | ▲ 127% |
| Change in cash | - | -€1,446 | €1,369 | -€1,027 | €4,308 | -€2,621 | - |
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, 26,972 companies had the same profile as BENSTA has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BENSTA itself is lower: 0.2% within 12 months. It rests on far more data about BENSTA 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.
| 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 26,972 companies, not a prediction for BENSTA. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00365898 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00434149 | |
| 31-12-2023 | micro format | 01-08-2024 | 2024-00318736 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00189681 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20179543 | |
| 31-12-2020 | micro format | 02-08-2021 | 2021-44900002 |