BILLARDELLO
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00466487.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 35 filings
Turnover
≈ €11,000
Estimated: probably between €5,400 and €24,000
Total assets
€234,148▲ 3.0%
2024 · €227,237
Net result
-€1,344▲ 83.1%
2024 · -€7,952
Working capital
€33,413▲ 1.4%
2024 · €32,945
In the rankings
#2 oldest company in Heusden-Zolder, Accommodation and food service sector#10 company by equity in Heusden-Zolder, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€931
▲ 87.8%
2025
20182025
Net result
-€1,344
▲ 83.1%
2025
middle half of the sector
20182025
Equity
€213,681
▼ 0.6%
2025
highest quarter of the sector
20182025
Total assets
€234,148
▲ 3.0%
2025
middle half of the sector
20182025
Debt
€20,468
▲ 67.6%
2025
20182025
Working capital
€33,413
▲ 1.4%
2025
middle half of the sector
20182025
Solvency
91.3%
▼ 3.4pp
2025
highest quarter of the sector
20182025
Current ratio
2.84
▼ 1.41
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-0.6%
▲ 2.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€1,266--€3,759▼ 197%€9,794€9,029▼ 7.8%€10,983▲ 21.6%€1,155▼ 89.5%-€7,656-€931▲ 87.8%
Net result-€2,692--€4,819▼ 79.0%€8,986within the sector's middle half€8,563within the sector's middle half▼ 4.7%€10,748within the sector's middle half▲ 25.5%€892within the sector's middle half▼ 91.7%-€7,952below the sector's middle half-€1,344within the sector's middle half▲ 83.1%
Equity€207,178-€202,359▼ 2.3%€211,346within the sector's middle half▲ 4.4%€219,909above the sector's middle half▲ 4.1%€230,657above the sector's middle half▲ 4.9%€231,549above the sector's middle half▲ 0.4%€215,025above the sector's middle half▼ 7.1%€213,681above the sector's middle half▼ 0.6%
Total assets€228,276-€218,376▼ 4.3%€221,997within the sector's middle half▲ 1.7%€221,418within the sector's middle half▼ 0.3%€235,747within the sector's middle half▲ 6.5%€237,247within the sector's middle half▲ 0.6%€227,237within the sector's middle half▼ 4.2%€234,148within the sector's middle half▲ 3.0%
Debt€21,098-€16,017▼ 24.1%€10,651▼ 33.5%€1,510▼ 85.8%€5,091▲ 237%€5,698▲ 11.9%€12,212▲ 114%€20,468▲ 67.6%
Working capital€44,045-€35,328▼ 19.8%€42,389within the sector's middle half▲ 20.0%€33,152within the sector's middle half▼ 21.8%€44,684above the sector's middle half▲ 34.8%€47,645above the sector's middle half▲ 6.6%€32,945within the sector's middle half▼ 30.9%€33,413within the sector's middle half▲ 1.4%
Solvency90.8%-92.7%▲ 1.9pp95.2%above the sector's middle half▲ 2.5pp99.3%above the sector's middle half▲ 4.1pp97.8%above the sector's middle half▼ 1.5pp97.6%above the sector's middle half▼ 0.2pp94.6%above the sector's middle half▼ 3.0pp91.3%above the sector's middle half▼ 3.4pp
Current ratio5.35-4.24▼ 1.114.98above the sector's middle half▲ 0.7466.96above the sector's middle half▲ 61.9812.67above the sector's middle half▼ 54.2913.20above the sector's middle half▲ 0.534.25above the sector's middle half▼ 8.952.84above the sector's middle half▼ 1.41
Return on assets (ROA)-1.2%--2.2%▼ 1.0pp4.0%within the sector's middle half▲ 6.3pp3.9%within the sector's middle half▼ 0.2pp4.6%within the sector's middle half▲ 0.7pp0.4%within the sector's middle half▼ 4.2pp-3.5%within the sector's middle half▼ 3.9pp-0.6%within the sector's middle half▲ 2.9pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 a loss of €931, smaller than the loss of €7,656 in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €234,148
Fixed assets
€182,622 ▼ 0.8%
Current assets
€51,526 ▲ 19.6%
Equity and liabilities €234,148
Equity
€213,681 ▼ 0.6%
Debt
€20,468 ▲ 67.6%
Debt's share of the balance-sheet total rises from 5.4% to 8.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€606▲
2024 · -€6,119
Cash flow
€193▲
2024 · -€6,415
Quick ratio
2.83▼
2024 · 4.22
Debt to equity
0.10▲
2024 · 0.06
ROE
-0.6%▲
2024 · -3.7%
Interest coverage
1.47▲
2024 · -20.68
Debt ≤ 1 year
€18,113▲
2024 · €10,133
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €20,189 | €958 | - | - | - |
| Depreciation and write-downs of the year | €1,383 | €1,487 | €1,538 | €1,538 | €1,538 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,782 | €3,195 | €3,195 | €1,383 | €1,487 | €1,538 | €1,538 | €1,538 | = |
| Other operating charges640/8 | - | - | - | €410 | €410 | €2,708 | €449 | €462 | ▲ 2.8% |
| Gross operating margin9900 | €1,926 | -€155 | €13,399 | €10,821 | €12,879 | €5,401 | -€5,670 | €1,068 | - |
| Operating profit (loss)9901 | -€1,266 | -€3,759 | €9,794 | €9,029 | €10,983 | €1,155 | -€7,656 | -€931 | ▲ 87.8% |
| Financial income75/76B | - | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €466 | €234 | €263 | €296 | €413 | ▲ 39.7% |
| Recurring financial charges65 | €1,426 | €1,060 | €808 | €466 | €234 | €263 | €296 | €413 | ▲ 39.7% |
| Profit (loss) for the period before taxes9903 | -€2,692 | -€4,819 | €8,986 | €8,563 | €10,748 | €892 | -€7,952 | -€1,344 | ▲ 83.1% |
| Profit (loss) for the period9904 | -€2,692 | -€4,819 | €8,986 | €8,563 | €10,748 | €892 | -€7,952 | -€1,344 | ▲ 83.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,692 | -€4,819 | €8,986 | €8,563 | €10,748 | €892 | -€7,952 | -€1,344 | ▲ 83.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €228,276 | €218,376 | €221,997 | €221,418 | €235,747 | €237,247 | €227,237 | €234,148 | ▲ 3.0% |
| Fixed assets21/28 | €174,109 | €172,152 | €168,957 | €187,763 | €187,235 | €185,697 | €184,160 | €182,622 | ▼ 0.8% |
| Tangible fixed assets22/27 | €174,109 | €172,152 | €168,957 | €187,763 | €187,235 | €185,697 | €184,160 | €182,622 | ▼ 0.8% |
| Land and buildings22 | - | - | - | €187,763 | €186,417 | €185,071 | €183,726 | €182,380 | ▼ 0.7% |
| Plant, machinery and equipment23 | - | - | - | - | €817 | €626 | €434 | €243 | ▼ 44.1% |
| Current assets29/58 | €54,168 | €46,224 | €53,040 | €33,655 | €48,513 | €51,550 | €43,078 | €51,526 | ▲ 19.6% |
| Stocks and contracts in progress3 | €320 | €320 | €320 | €320 | €320 | €320 | €280 | €315 | ▲ 12.4% |
| Stocks30/36 | - | - | - | €320 | €320 | €320 | €280 | €315 | ▲ 12.4% |
| Amounts receivable within one year40/41 | €50,832 | €45,467 | €49,823 | €26,316 | €30,203 | €31,260 | €37,919 | €42,720 | ▲ 12.7% |
| Trade receivables40 | - | - | - | - | €3,734 | €3,545 | €7,799 | €10,122 | ▲ 29.8% |
| Other amounts receivable41 | - | - | - | €26,316 | €26,468 | €27,715 | €30,120 | €32,598 | ▲ 8.2% |
| Cash at bank and in hand54/58 | €2,974 | €29 | €2,469 | €7,019 | €12,230 | €19,441 | €4,878 | €7,930 | ▲ 62.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,760 | €530 | - | €562 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €228,276 | €218,376 | €221,997 | €221,418 | €235,747 | €237,247 | €227,237 | €234,148 | ▲ 3.0% |
| Equity10/15 | €207,178 | €202,359 | €211,346 | €219,909 | €230,657 | €231,549 | €215,025 | €213,681 | ▼ 0.6% |
| Contributions10/11 | €29,747 | €29,747 | - | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Revaluation surpluses12 | - | - | - | €144,314 | €144,314 | €144,314 | €144,314 | €144,314 | = |
| Reserves13 | €33,117 | €28,298 | €37,284 | €45,847 | €56,595 | €57,488 | €40,964 | €39,619 | ▼ 3.3% |
| Non-distributable reserves130/1 | - | - | - | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Reserves not available under the articles1311 | - | - | - | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Distributable reserves133 | - | - | - | €42,873 | €53,621 | €54,513 | €37,989 | €36,645 | ▼ 3.5% |
| Amounts payable17/49 | €21,098 | €16,017 | €10,651 | €1,510 | €5,091 | €5,698 | €12,212 | €20,468 | ▲ 67.6% |
| Amounts payable after more than one year17 | €10,975 | €5,121 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €10,123 | €10,896 | €10,651 | €503 | €3,829 | €3,905 | €10,133 | €18,113 | ▲ 78.8% |
| Trade debts44 | €4,182 | €4,470 | €4,315 | €98 | €3,424 | €3,500 | €1,157 | €1,637 | ▲ 41.5% |
| Suppliers440/4 | - | - | - | €98 | €3,424 | €3,500 | €1,157 | €1,637 | ▲ 41.5% |
| Taxes, remuneration and social security45 | - | - | - | €405 | €405 | €405 | €2,976 | €10,476 | ▲ 252% |
| Taxes450/3 | - | - | - | €405 | €405 | €405 | €2,976 | €2,976 | = |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €7,500 | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €6,000 | €6,000 | = |
| Accrued charges and deferred income492/3 | - | - | - | €1,007 | €1,262 | €1,794 | €2,079 | €2,354 | ▲ 13.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,692 | -€4,819 | €8,986 | €8,563 | €10,748 | €892 | -€7,952 | -€1,344 | ▲ 83.1% |
| + Depreciation and write-downs630 | €2,782 | €3,195 | €3,195 | €1,383 | €1,487 | €1,538 | €1,538 | €1,538 | = |
| Operating cash flow (approximation) | €90 | -€1,624 | €12,181 | €9,945 | €12,235 | €2,430 | -€6,415 | €193 | - |
| Investment in fixed assets (approximation) | - | -€1,239 | €0 | -€20,189 | -€958 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,945 | €2,440 | €4,549 | €5,211 | €7,211 | -€14,562 | €3,052 | - |
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, 12,322 companies had the same profile as BILLARDELLO has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BILLARDELLO itself: 0.8% 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 12,322 companies, not a prediction for BILLARDELLO. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00466487 | |
| 31-12-2024 | micro format | 07-08-2025 | 2025-00364033 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00190097 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00430662 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20249895 | |
| 31-12-2020 | abbreviated format | 03-08-2021 | 2021-45400597 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23900208 | |
| 31-12-2018 | micro format | 09-07-2019 | 2019-31700320 | |
| 31-12-2017 | abbreviated format | 21-06-2018 | 2018-21300584 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-24700475 |