BIBI
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403986.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 15 filings
Turnover
€372,495▼ 4.8%
2023 · €391,109
EBIT margin
10.9%▲ 15.3pp
2023 · -4.4%
Net result
€2,891▼ 91.2%
2024 · €32,843
Working capital
€80,845▲ 12.4%
2024 · €71,899
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€9,848
▼ 75.8%
2025
20182025
Net result
€2,891
▼ 91.2%
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€89,973
▲ 3.3%
2025
middle half of the sector
20182025
Total assets
€169,670
▼ 6.0%
2025
middle half of the sector
20182025
Debt
€79,697
▼ 14.7%
2025
20182025
Working capital
€80,845
▲ 12.4%
2025
middle half of the sector
20182025
Solvency
53.0%
▲ 4.8pp
2025
middle half of the sector
20182025
Current ratio
2.14
▲ 0.24
2025
middle half of the sector
20182025
Return on assets (ROA)
1.7%
▼ 16.5pp
2025
middle half of the sector
20182025
Staff (FTE)
1.4
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€391,109€372,495▼ 4.8%
Operating result-€19,918-€10,929€30,368▲ 178%€4,823▼ 84.1%-€19,083-€17,198▲ 9.9%€40,702€9,848▼ 75.8%
Net result-€14,522-€8,591€26,762within the sector's middle half▲ 212%€901below the sector's middle half▼ 96.6%-€19,730below the sector's middle half-€20,024below the sector's middle half▼ 1.5%€32,843above the sector's middle half€2,891within the sector's middle half▼ 91.2%
EBIT margin-4.4%10.9%▲ 15.3pp
Equity€57,741-€66,332▲ 14.9%€93,094within the sector's middle half▲ 40.3%€93,994below the sector's middle half▲ 1.0%€74,264below the sector's middle half▼ 21.0%€54,240below the sector's middle half▼ 27.0%€87,083within the sector's middle half▲ 60.6%€89,973within the sector's middle half▲ 3.3%
Total assets€129,473-€165,669▲ 28.0%€240,676below the sector's middle half▲ 45.3%€162,170below the sector's middle half▼ 32.6%€215,380below the sector's middle half▲ 32.8%€164,238below the sector's middle half▼ 23.7%€180,473within the sector's middle half▲ 9.9%€169,670within the sector's middle half▼ 6.0%
Debt€71,732-€99,337▲ 38.5%€147,582▲ 48.6%€68,176▼ 53.8%€141,116▲ 107%€109,998▼ 22.1%€93,390▼ 15.1%€79,697▼ 14.7%
Working capital€47,332-€65,996▲ 39.4%€97,529within the sector's middle half▲ 47.8%€93,994within the sector's middle half▼ 3.6%€52,241within the sector's middle half▼ 44.4%€35,420within the sector's middle half▼ 32.2%€71,899within the sector's middle half▲ 103%€80,845within the sector's middle half▲ 12.4%
Solvency44.6%-40.0%▼ 4.6pp38.7%within the sector's middle half▼ 1.4pp58.0%within the sector's middle half▲ 19.3pp34.5%within the sector's middle half▼ 23.5pp33.0%within the sector's middle half▼ 1.5pp48.3%within the sector's middle half▲ 15.2pp53.0%within the sector's middle half▲ 4.8pp
Current ratio1.66-1.70▲ 0.041.68within the sector's middle half▼ 0.012.38within the sector's middle half▲ 0.691.48within the sector's middle half▼ 0.901.41within the sector's middle half▼ 0.071.90within the sector's middle half▲ 0.502.14within the sector's middle half▲ 0.24
Return on assets (ROA)-11.2%-5.2%▲ 16.4pp11.1%within the sector's middle half▲ 5.9pp0.6%below the sector's middle half▼ 10.6pp-9.2%below the sector's middle half▼ 9.7pp-12.2%below the sector's middle half▼ 3.0pp18.2%above the sector's middle half▲ 30.4pp1.7%within the sector's middle half▼ 16.5pp
Staff (FTE)1.1-0.7▼ 36.4%1.4
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 76% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169,670
Fixed assets
€18,068 ▼ 37.6%
Current assets
€151,602 ▲ 0.1%
Equity and liabilities €169,670
Equity
€89,973 ▲ 3.3%
Debt
€79,697 ▼ 14.7%
Debt's share of the balance-sheet total falls from 51.7% to 47.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,003▼
2024 · €53,166
Cash flow
€15,046▼
2024 · €45,307
Quick ratio
0.11▼
2024 · 0.40
Debt to equity
0.89▼
2024 · 1.07
ROE
3.2%▼
2024 · 37.7%
Interest coverage
4.28▼
2024 · 10.46
Debt ≤ 1 year
€70,757▼
2024 · €79,626
Debt > 1 year
€4,659▼
2024 · €13,765
Income taxes
€1,850▼
2024 · €2,794
Staff costs
€30,226▼
2024 · €35,486
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 0 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| Average over the year, in full-time equivalents | 1.2 |
| On a permanent contract | 1 |
| Joined | 123 |
| Left | 123 |
| Training hours | 0 |
Source: social balance sheet in the 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €31,150 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €60,155 | - | - | €1,275 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €729 | €6,279 | €12,464 | €12,464 | €12,155 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €391,109 | €372,495 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €356,870 | €280,720 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €22,170 | €26,489 | €35,574 | €35,486 | €30,226 | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,902 | €5,172 | €4,508 | €729 | €6,279 | €12,464 | €12,464 | €12,155 | ▼ 2.5% |
| Other operating charges640/8 | - | - | - | €5,399 | €2,441 | €3,399 | €3,123 | €1,814 | ▼ 41.9% |
| Gross operating margin9900 | €25,930 | €54,797 | €55,567 | €33,121 | €16,126 | €34,239 | €91,775 | €54,043 | ▼ 41.1% |
| Operating profit (loss)9901 | -€19,918 | €10,929 | €30,368 | €4,823 | -€19,083 | -€17,198 | €40,702 | €9,848 | ▼ 75.8% |
| Financial income75/76B | - | - | - | €1 | €1,337 | €46 | €19 | €32 | ▲ 69.0% |
| Recurring financial income75 | €2 | €167 | €138 | €1 | €1,337 | €46 | €19 | €32 | ▲ 69.0% |
| Financial charges65/66B | - | - | - | €820 | €1,717 | €2,440 | €5,084 | €5,139 | ▲ 1.1% |
| Recurring financial charges65 | €1,645 | €2,163 | €1,794 | €820 | €1,717 | €2,440 | €5,084 | €5,139 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | -€21,561 | €8,933 | €28,712 | €4,004 | -€19,463 | -€19,592 | €35,637 | €4,741 | ▼ 86.7% |
| Income taxes67/77 | -€7,039 | €342 | €1,950 | €3,103 | €267 | €432 | €2,794 | €1,850 | ▼ 33.8% |
| Profit (loss) for the period9904 | -€14,522 | €8,591 | €26,762 | €901 | -€19,730 | -€20,024 | €32,843 | €2,891 | ▼ 91.2% |
| Profit (loss) for the period to be appropriated9905 | -€21,624 | €4,540 | €26,762 | €901 | -€19,730 | -€20,024 | €32,843 | €2,891 | ▼ 91.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €129,473 | €165,669 | €240,676 | €162,170 | €215,380 | €164,238 | €180,473 | €169,670 | ▼ 6.0% |
| Fixed assets21/28 | €10,409 | €5,237 | €729 | - | €53,876 | €41,412 | €28,948 | €18,068 | ▼ 37.6% |
| Intangible fixed assets21 | €5,000 | €2,500 | €0 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €5,409 | €2,737 | €729 | - | €53,876 | €41,412 | €28,948 | €18,068 | ▼ 37.6% |
| Plant, machinery and equipment23 | - | - | - | - | €4,588 | €3,505 | €918 | €1,420 | ▲ 54.6% |
| Furniture and vehicles24 | - | - | - | - | €49,288 | €37,907 | €28,030 | €16,648 | ▼ 40.6% |
| Current assets29/58 | €119,064 | €160,432 | €239,947 | €162,170 | €161,504 | €122,826 | €151,525 | €151,602 | ▲ 0.1% |
| Stocks and contracts in progress3 | €83,148 | €110,909 | €117,214 | €107,395 | €91,859 | €96,420 | €119,976 | €144,067 | ▲ 20.1% |
| Stocks30/36 | - | - | - | €107,395 | €91,859 | €96,420 | €119,976 | €144,067 | ▲ 20.1% |
| Amounts receivable within one year40/41 | €28,570 | €27,506 | €11,710 | €14,493 | €18,003 | €11,319 | €10,647 | €382 | ▼ 96.4% |
| Trade receivables40 | - | - | - | - | - | - | €5,401 | €174 | ▼ 96.8% |
| Other amounts receivable41 | - | - | - | €14,493 | €18,003 | €11,319 | €5,246 | €209 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €6,953 | €20,704 | €69,675 | €33,282 | €51,642 | €15,087 | €20,902 | €7,153 | ▼ 65.8% |
| Deferred charges and accrued income490/1 | - | - | - | €7,000 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €129,473 | €165,669 | €240,676 | €162,170 | €215,380 | €164,238 | €180,473 | €169,670 | ▼ 6.0% |
| Equity10/15 | €57,741 | €66,332 | €93,094 | €93,994 | €74,264 | €54,240 | €87,083 | €89,973 | ▲ 3.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - | €6,200 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | - | €12,400 | - | - | - |
| Reserves13 | €51,541 | €55,592 | €55,592 | €87,794 | €87,794 | €56,492 | €80,883 | €83,773 | ▲ 3.6% |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | €620 | €0 | - | - |
| Legal reserve130 | - | - | - | €620 | - | €620 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €620 | - | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €19,832 | €19,832 | €19,832 | €19,832 | €19,832 | = |
| Distributable reserves133 | - | - | - | €67,342 | €67,342 | €36,040 | €61,050 | €63,941 | ▲ 4.7% |
| Profit (loss) carried forward14 | - | €4,540 | €31,302 | - | -€19,730 | -€8,452 | €0 | - | - |
| Amounts payable17/49 | €71,732 | €99,337 | €147,582 | €68,176 | €141,116 | €109,998 | €93,390 | €79,697 | ▼ 14.7% |
| Amounts payable after more than one year17 | - | - | - | - | €31,851 | €22,592 | €13,765 | €4,659 | ▼ 66.1% |
| Financial debts170/4 | - | - | - | - | €31,851 | €22,592 | €13,765 | €4,659 | ▼ 66.1% |
| Amounts payable within one year42/48 | €71,732 | €94,436 | €142,418 | €68,176 | €109,263 | €87,406 | €79,626 | €70,757 | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,596 | €8,558 | €15,344 | €9,105 | ▼ 40.7% |
| Trade debts44 | €48,174 | €76,340 | €67,441 | €47,935 | €79,034 | €59,458 | €39,571 | €47,774 | ▲ 20.7% |
| Suppliers440/4 | - | - | - | €47,935 | €79,034 | €59,458 | €39,571 | €47,774 | ▲ 20.7% |
| Advances received on contracts in progress46 | - | - | - | - | €1,084 | - | - | €631 | - |
| Taxes, remuneration and social security45 | - | - | - | €20,241 | €21,549 | €19,390 | €24,710 | €12,245 | ▼ 50.4% |
| Taxes450/3 | - | - | - | €17,801 | €19,738 | €16,836 | €14,523 | €8,557 | ▼ 41.1% |
| Remuneration and social security454/9 | - | - | - | €2,440 | €1,811 | €2,554 | €10,187 | €3,688 | ▼ 63.8% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €1,002 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2 | - | - | €4,281 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,522 | €8,591 | €26,762 | €901 | -€19,730 | -€20,024 | €32,843 | €2,891 | ▼ 91.2% |
| + Depreciation and write-downs630 | €5,902 | €5,172 | €4,508 | €729 | €6,279 | €12,464 | €12,464 | €12,155 | ▼ 2.5% |
| Operating cash flow (approximation) | -€8,620 | €13,763 | €31,270 | €1,630 | -€13,451 | -€7,560 | €45,307 | €15,046 | ▼ 66.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | €0 | €0 | -€1,275 | - |
| Change in cash | - | €13,751 | €48,971 | -€36,393 | €18,360 | -€36,555 | €5,815 | -€13,750 | - |
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, 10,904 companies had the same profile as BIBI has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of BIBI itself: 0.3% 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 10,904 companies, not a prediction for BIBI. 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 | 18-08-2026 | 2026-00403986 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00263788 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00405643 | |
| 31-12-2022 | abbreviated format | 14-11-2023 | 2023-00511046 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20345592 | |
| 31-12-2020 | abbreviated format | 14-09-2021 | 2021-67100470 | |
| 31-12-2019 | abbreviated format | 21-09-2020 | 2020-54500454 | |
| 31-12-2018 | abbreviated format | 21-09-2020 | 2020-54500396 | |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-49000354 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57100282 |