BILLY'S
ActiveSummary
BILLY'S has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150k and a net result of €12k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-11
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 5.67 against 4.65 in 2024; short-term debt: 12.6% and cash: 53.2% of total assets), and 17.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.5%
Return on assets
6.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
12 d early
2023
14 d late
2022
14 d early
2021
71 d late
2020
31 d late
2019
86 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€138k▼ 17.0%
2019 · €166k
EBIT margin
5.6%▼ 0.6pp
2019 · 6.3%
Net result
€12k▼ 58.8%
2024 · €29k
Working capital
€107k▲ 11.3%
2024 · €96k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€47k▲ 505%€58k▲ 23.5%€66k▲ 13.8%€17k▼ 74.3%€16k▼ 8.5%
Net result€35k▲ 468%€45k▲ 30.1%€50k▲ 10.5%€29k▼ 41.9%€12k▼ 58.8%
EBIT margin
Equity€117k▲ 33.4%€137k▲ 17.3%€157k▲ 14.5%€150k▼ 4.4%€150k▲ 0.1%
Total assets€174k▲ 39.3%€231k▲ 32.9%€231k=€191k▼ 17.0%€182k▼ 5.1%
Debt€57k▲ 53.0%€94k▲ 64.9%€74k▼ 21.3%€42k▼ 43.8%€32k▼ 23.6%
Working capital€104k▲ 52.2%€68k▼ 34.0%€91k▲ 33.1%€96k▲ 5.5%€107k▲ 11.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182k
Fixed assets
€52k ▼ 24.7%
Current assets
€130k ▲ 6.0%
Equity and liabilities €182k
Equity
€150k ▲ 0.1%
Debt
€32k ▼ 23.6%
Debt's share of the balance-sheet total falls from 21.7% to 17.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▼
2024 · €35k
Cash flow
€29k▼
2024 · €47k
Current ratio
5.67▲
2024 · 4.65
Debt to equity
0.21▼
2024 · 0.28
ROE
8.0%▼
2024 · 19.3%
ROA
6.6%▼
2024 · 15.1%
Interest coverage
36.95▲
2024 · 29.10
Debt ≤ 1 year
€23k▼
2024 · €26k
Debt > 1 year
€9k▼
2024 · €15k
Income taxes
€3k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €16k | €17k | €18k | €17k | ▼ 5.4% |
| Other operating charges640/8 | €1k | €685 | €1k | €816 | €751 | ▼ 8.0% |
| Gross operating margin9900 | €61k | €75k | €84k | €36k | €33k | ▼ 6.9% |
| Operating profit (loss)9901 | €47k | €58k | €66k | €17k | €16k | ▼ 8.5% |
| Financial income75/76B | €1 | €555 | €138 | €20k | €71 | ▼ 99.6% |
| Recurring financial income75 | €1 | €555 | €48 | €20k | €71 | ▼ 99.6% |
| Non-recurring financial income76B | - | - | €90 | - | - | - |
| Financial charges65/66B | €513 | €582 | €1k | €1k | €882 | ▼ 26.7% |
| Recurring financial charges65 | €513 | €582 | €1k | €1k | €882 | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | €46k | €58k | €65k | €36k | €15k | ▼ 58.9% |
| Income taxes67/77 | €12k | €13k | €15k | €7k | €3k | ▼ 59.4% |
| Profit (loss) for the period9904 | €35k | €45k | €50k | €29k | €12k | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €35k | €45k | €50k | €29k | €12k | ▼ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174k | €231k | €231k | €191k | €182k | ▼ 5.1% |
| Fixed assets21/28 | €18k | €69k | €87k | €69k | €52k | ▼ 24.7% |
| Intangible fixed assets21 | - | €12k | €9k | €7k | €4k | ▼ 42.4% |
| Tangible fixed assets22/27 | €18k | €56k | €78k | €63k | €48k | ▼ 22.8% |
| Plant, machinery and equipment23 | €18k | €56k | €48k | €39k | €32k | ▼ 18.4% |
| Furniture and vehicles24 | - | - | €30k | €23k | €16k | ▼ 30.4% |
| Current assets29/58 | €156k | €162k | €143k | €122k | €130k | ▲ 6.0% |
| Amounts receivable within one year40/41 | €39k | €52k | €17k | €14k | €33k | ▲ 133% |
| Trade receivables40 | €10k | €10k | €7k | - | €8k | - |
| Other amounts receivable41 | €30k | €41k | €10k | €14k | €25k | ▲ 76.9% |
| Cash at bank and in hand54/58 | €116k | €111k | €123k | €108k | €97k | ▼ 10.6% |
| Deferred charges and accrued income490/1 | - | - | €3k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174k | €231k | €231k | €191k | €182k | ▼ 5.1% |
| Equity10/15 | €117k | €137k | €157k | €150k | €150k | ▲ 0.1% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Capital10 | €25k | €25k | - | - | - | - |
| Issued capital100 | €25k | €25k | - | - | - | - |
| Outside capital11 | - | - | €25k | - | - | - |
| Other1109/19 | - | - | €25k | - | - | - |
| Reserves13 | €3k | €48k | €98k | €113k | €113k | = |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Legal reserve130 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | - | €45k | €98k | €113k | €113k | = |
| Profit (loss) carried forward14 | €69k | €45k | €14k | €12k | €13k | ▲ 0.6% |
| Investment grants15 | €20k | €20k | €20k | - | - | - |
| Amounts payable17/49 | €57k | €94k | €74k | €42k | €32k | ▼ 23.6% |
| Amounts payable after more than one year17 | €5k | - | €21k | €15k | €9k | ▼ 41.8% |
| Financial debts170/4 | €5k | - | €21k | €15k | €9k | ▼ 41.8% |
| Amounts payable within one year42/48 | €52k | €94k | €52k | €26k | €23k | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | €7k | €3k | €6k | €6k | €6k | ▲ 3.7% |
| Trade debts44 | €33k | €40k | €888 | €512 | €641 | ▲ 25.3% |
| Suppliers440/4 | €33k | €40k | €888 | €512 | €641 | ▲ 25.3% |
| Taxes, remuneration and social security45 | €13k | €25k | €16k | €4k | €3k | ▼ 23.8% |
| Taxes450/3 | €13k | €25k | €16k | €4k | €3k | ▼ 23.8% |
| Other amounts payable47/48 | - | €25k | €30k | €16k | €13k | ▼ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €45k | €50k | €29k | €12k | ▼ 58.8% |
| + Depreciation and write-downs630 | €13k | €16k | €17k | €18k | €17k | ▼ 5.4% |
| Operating cash flow (approximation) | €48k | €61k | €67k | €47k | €29k | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | €-67k | €-35k | €0 | €0 | - |
| Change in cash | - | €-6k | €12k | €-15k | €-11k | ▲ 22.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €150k ▲0.1%
8 profitable years in a row build equity to €150k.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Highest result since 2018net €50k ▲10.5%
Operating result €66k, net result €50k, both a record.
31-12
Financial
Equity above €150kEq €157k ▲14.5%
6 profitable years in a row build equity to €157k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 71 days late
2021
31-12
Financial
Equity above €100kEq €117k ▲33.4%
4 profitable years in a row build equity to €117k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €6k ▼36.4%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2013
Ground area
562 m²
Parcel 52044B0199/00H002, Wallonia. Linked by address, not a title deed.
1 establishment unit
BILLY'S
since 20132.224.893.354
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52044B0199/00H002 | Wallonia | 562 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,337 companies in sector 50400 we hold annual accounts for 394. 302 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
50400Inland freight water transport
Scores and ratios are computed by Checked and are not a credit decision.