BFR 7520
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024 filed on 28-07-2025 PDF all 2 filings
2023 to 2024, 2 financial years
The operating result for 2024 is a profit of €7,554, after a loss of €17,263 in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 516 companies had the same profile as BFR 7520 has now. Two years later, 4.5% had gone bankrupt and 91.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BFR 7520 itself: 4.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 516 companies, not a prediction for BFR 7520. 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.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,439 | €8,368 | ▼ 19.8% |
| Other operating charges640/8 | €2,748 | €1,965 | ▼ 28.5% |
| Non-recurring operating charges66A | €30,954 | - | - |
| Gross operating margin9900 | €26,879 | €17,887 | ▼ 33.5% |
| Operating profit (loss)9901 | -€17,263 | €7,554 | - |
| Financial charges65/66B | €6,798 | €4,642 | ▼ 31.7% |
| Recurring financial charges65 | €6,798 | €4,642 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | -€24,061 | €2,912 | - |
| Profit (loss) for the period9904 | -€24,061 | €2,912 | - |
| Profit (loss) for the period to be appropriated9905 | -€24,061 | €2,912 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €187,411 | €176,599 | ▼ 5.8% |
| Fixed assets21/28 | €182,489 | €174,121 | ▼ 4.6% |
| Tangible fixed assets22/27 | €182,489 | €174,121 | ▼ 4.6% |
| Land and buildings22 | €179,890 | €171,815 | ▼ 4.5% |
| Plant, machinery and equipment23 | €2,599 | €2,306 | ▼ 11.3% |
| Current assets29/58 | €4,922 | €2,478 | ▼ 49.7% |
| Cash at bank and in hand54/58 | €4,922 | €2,478 | ▼ 49.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €187,411 | €176,599 | ▼ 5.8% |
| Equity10/15 | -€21,061 | -€18,149 | ▲ 13.8% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Contributions outside capital11 | €3,000 | €3,000 | = |
| Share premium1100/10 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€24,061 | -€21,149 | ▲ 12.1% |
| Amounts payable17/49 | €208,472 | €194,748 | ▼ 6.6% |
| Amounts payable after more than one year17 | €192,080 | €177,945 | ▼ 7.4% |
| Financial debts170/4 | €122,770 | €108,634 | ▼ 11.5% |
| Other amounts payable178/9 | €69,311 | €69,311 | = |
| Amounts payable within one year42/48 | €16,392 | €16,804 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | €13,724 | €14,136 | ▲ 3.0% |
| Other amounts payable47/48 | €2,668 | €2,668 | = |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€24,061 | €2,912 | - |
| + Depreciation and write-downs630 | €10,439 | €8,368 | ▼ 19.8% |
| Operating cash flow (approximation) | -€13,622 | €11,280 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€2,444 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.