Summary
Bilca is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €222,718 and a net result of €62,686. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 36% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€222,718▲ 39.2%
2024 · €160,032
Net result
€62,686▼ 5.9%
2024 · €66,644
Total assets
€644,076▲ 6.7%
2024 · €603,463
Solvency
34.6%▲ 8.1pp
2024 · 26.5%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€100,296
2025
Net result€62,686
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€644,076
2025
Equity€222,718
2025
Debt€421,358
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€136,546
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.33
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€975-€128,545▲ 132×€89,458▼ 30.4%€23,682▼ 73.5%-€74,602€76,594€102,178▲ 33.4%€100,296▼ 1.8%
Net result-€15,848-€93,420€55,920within the sector's middle half▼ 40.1%€3,475below the sector's middle half▼ 93.8%-€92,821below the sector's middle half€57,907within the sector's middle half€66,644within the sector's middle half▲ 15.1%€62,686within the sector's middle half▼ 5.9%
Equity-€21,038-€72,382€128,302below the sector's middle half▲ 77.3%€128,302below the sector's middle half=€35,481below the sector's middle half▼ 72.3%€93,388below the sector's middle half▲ 163%€160,032below the sector's middle half▲ 71.4%€222,718within the sector's middle half▲ 39.2%
Total assets€690,135-€786,999▲ 14.0%€863,885within the sector's middle half▲ 9.8%€812,716within the sector's middle half▼ 5.9%€721,332within the sector's middle half▼ 11.2%€577,147below the sector's middle half▼ 20.0%€603,463below the sector's middle half▲ 4.6%€644,076within the sector's middle half▲ 6.7%
Debt€711,173-€714,617▲ 0.5%€735,583▲ 2.9%€684,415▼ 7.0%€685,851▲ 0.2%€483,758▼ 29.5%€443,431▼ 8.3%€421,358▼ 5.0%
Working capital-€24,429-€48,056€94,867within the sector's middle half▲ 97.4%€84,857within the sector's middle half▼ 10.6%-€12,150within the sector's middle half€39,761within the sector's middle half€94,587within the sector's middle half▲ 138%€136,546within the sector's middle half▲ 44.4%
Solvency-3.0%-9.2%▲ 12.2pp14.9%below the sector's middle half▲ 5.7pp15.8%below the sector's middle half▲ 0.9pp4.9%below the sector's middle half▼ 10.9pp16.2%below the sector's middle half▲ 11.3pp26.5%within the sector's middle half▲ 10.3pp34.6%within the sector's middle half▲ 8.1pp
Current ratio0.81-1.28▲ 0.471.43within the sector's middle half▲ 0.151.43within the sector's middle half▼ 0.010.95within the sector's middle half▼ 0.481.69within the sector's middle half▲ 0.742.94within the sector's middle half▲ 1.253.33within the sector's middle half▲ 0.39
Return on assets (ROA)-2.3%-11.9%▲ 14.2pp6.5%within the sector's middle half▼ 5.4pp0.4%below the sector's middle half▼ 6.0pp-12.9%below the sector's middle half▼ 13.3pp10.0%within the sector's middle half▲ 22.9pp11.0%within the sector's middle half▲ 1.0pp9.7%within the sector's middle half▼ 1.3pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644,076
Fixed assets
€448,987 ▼ 2.4%
Current assets
€195,089 ▲ 36.1%
Equity and liabilities €644,076
Equity
€222,718 ▲ 39.2%
Debt
€421,358 ▼ 5.0%
Debt's share of the balance-sheet total falls from 73.5% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
28.1%▼
2024 · 41.6%
Debt ≤ 1 year
€58,543▲
2024 · €48,784
Debt > 1 year
€362,815▼
2024 · €394,647
Income taxes
€24,403▲
2024 · €22,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,652 | €27,434 | €26,328 | €26,335 | €25,541 | €24,382 | €21,412 | €20,656 | ▼ 3.5% |
| Other operating charges640/8 | - | - | - | €3,466 | €1,747 | €3,762 | €5,089 | €4,240 | ▼ 16.7% |
| Gross operating margin9900 | €30,561 | €159,508 | €118,937 | €53,484 | -€47,315 | €104,738 | €128,679 | €125,192 | ▼ 2.7% |
| Operating profit (loss)9901 | €975 | €128,545 | €89,458 | €23,682 | -€74,602 | €76,594 | €102,178 | €100,296 | ▼ 1.8% |
| Financial income75/76B | - | - | - | €112 | €0 | €1,049 | €1,023 | €922 | ▼ 9.8% |
| Recurring financial income75 | €3 | €0 | €5 | €112 | €0 | €1,049 | €1,023 | €922 | ▼ 9.8% |
| Financial charges65/66B | - | - | - | €15,411 | €16,786 | €13,774 | €13,921 | €14,129 | ▲ 1.5% |
| Recurring financial charges65 | €16,328 | €16,774 | €15,116 | €15,411 | €16,786 | €13,774 | €13,921 | €14,129 | ▲ 1.5% |
| Profit (loss) for the period before taxes9903 | -€15,350 | €111,770 | €74,348 | €8,383 | -€91,388 | €63,869 | €89,280 | €87,089 | ▼ 2.5% |
| Income taxes67/77 | €499 | €18,351 | €18,428 | €4,908 | €1,432 | €5,962 | €22,636 | €24,403 | ▲ 7.8% |
| Profit (loss) for the period9904 | -€15,848 | €93,420 | €55,920 | €3,475 | -€92,821 | €57,907 | €66,644 | €62,686 | ▼ 5.9% |
| Profit (loss) for the period to be appropriated9905 | -€15,848 | €93,420 | €55,920 | €3,475 | -€92,821 | €57,907 | €66,644 | €62,686 | ▼ 5.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €690,135 | €786,999 | €863,885 | €812,716 | €721,332 | €577,147 | €603,463 | €644,076 | ▲ 6.7% |
| Fixed assets21/28 | €585,271 | €567,487 | €550,055 | €529,295 | €503,754 | €479,372 | €460,093 | €448,987 | ▼ 2.4% |
| Tangible fixed assets22/27 | €585,271 | €567,487 | €550,055 | €529,295 | €503,754 | €479,372 | €460,093 | €448,987 | ▼ 2.4% |
| Land and buildings22 | - | - | - | €523,629 | €500,677 | €478,883 | €458,188 | €438,518 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €1,460 | €730 | €0 | €1,905 | €1,478 | ▼ 22.4% |
| Furniture and vehicles24 | - | - | - | €4,205 | €2,347 | €489 | €0 | €8,991 | - |
| Current assets29/58 | €104,865 | €219,512 | €313,830 | €283,422 | €217,578 | €97,775 | €143,371 | €195,089 | ▲ 36.1% |
| Amounts receivable within one year40/41 | €68,700 | €196,361 | €265,682 | €82,550 | €193,663 | €62,740 | €117,453 | €172,666 | ▲ 47.0% |
| Trade receivables40 | - | - | - | €80,000 | €0 | - | €3,866 | €10,459 | ▲ 171% |
| Other amounts receivable41 | - | - | - | €2,550 | €193,663 | €62,740 | €113,588 | €162,207 | ▲ 42.8% |
| Cash at bank and in hand54/58 | €28,857 | €18,423 | €46,478 | €192,950 | €21,588 | €35,035 | €18,155 | €22,423 | ▲ 23.5% |
| Deferred charges and accrued income490/1 | - | - | - | €7,922 | €2,327 | €0 | €7,762 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €690,135 | €786,999 | €863,885 | €812,716 | €721,332 | €577,147 | €603,463 | €644,076 | ▲ 6.7% |
| Equity10/15 | -€21,038 | €72,382 | €128,302 | €128,302 | €35,481 | €93,388 | €160,032 | €222,718 | ▲ 39.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €53,782 | €109,702 | €109,702 | €16,881 | €74,788 | €141,432 | €204,118 | ▲ 44.3% |
| Distributable reserves133 | - | - | - | €109,702 | €16,881 | €74,788 | €141,432 | €204,118 | ▲ 44.3% |
| Profit (loss) carried forward14 | -€39,638 | €0 | - | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €711,173 | €714,617 | €735,583 | €684,415 | €685,851 | €483,758 | €443,431 | €421,358 | ▼ 5.0% |
| Amounts payable after more than one year17 | €570,777 | €543,111 | €514,790 | €485,799 | €456,123 | €425,744 | €394,647 | €362,815 | ▼ 8.1% |
| Financial debts170/4 | - | - | - | €485,799 | €456,123 | €425,744 | €394,647 | €362,815 | ▼ 8.1% |
| Amounts payable within one year42/48 | €129,294 | €171,457 | €218,963 | €198,565 | €229,728 | €58,014 | €48,784 | €58,543 | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,991 | €29,676 | €38,349 | €31,097 | €31,832 | ▲ 2.4% |
| Trade debts44 | €17,772 | €11,998 | €4,374 | €446 | €1,598 | €3,413 | €2,788 | €9,653 | ▲ 246% |
| Suppliers440/4 | - | - | - | €446 | €1,598 | €3,413 | €2,788 | €9,653 | ▲ 246% |
| Taxes, remuneration and social security45 | - | - | - | €50,718 | €100,856 | €5,997 | €14,707 | €17,058 | ▲ 16.0% |
| Taxes450/3 | - | - | - | €50,718 | €94,499 | €5,997 | €13,191 | €17,058 | ▲ 29.3% |
| Remuneration and social security454/9 | - | - | - | - | €6,356 | €0 | €1,515 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €118,410 | €97,598 | €10,254 | €192 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €51 | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,848 | €93,420 | €55,920 | €3,475 | -€92,821 | €57,907 | €66,644 | €62,686 | ▼ 5.9% |
| + Depreciation and write-downs630 | €27,652 | €27,434 | €26,328 | €26,335 | €25,541 | €24,382 | €21,412 | €20,656 | ▼ 3.5% |
| Operating cash flow (approximation) | €11,803 | €120,853 | €82,248 | €29,810 | -€67,280 | €82,289 | €88,056 | €83,343 | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | -€9,650 | -€8,896 | -€5,575 | €0 | €0 | -€2,133 | -€9,551 | ▼ 348% |
| Change in cash | - | -€10,433 | €28,054 | €146,472 | -€171,362 | €13,447 | -€16,880 | €4,268 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00354601 |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00296268 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00406032 |
| 31-12-2022 | abbreviated format | 31-05-2023 | 2023-00099668 |
| 31-12-2021 | abbreviated format | 24-11-2022 | 2022-20524508 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-61400212 |
| 31-12-2019 | micro format | 16-09-2020 | 2020-53200498 |
| 31-12-2018 | micro format | 21-06-2019 | 2019-20400007 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55300151 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,750 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.