BINOSEM
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 15 filings
Turnover
≈ €610,000
Estimated: probably between €370,000 and €1.1m
EBIT margin
Not included in this filing
Net result
€2.4m▲ 321%
2024 · €561,695
Working capital
-€247,112▲ 69.7%
2024 · -€815,265
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€190,569
▲ 0.8%
2025
20182025
Net result
€2.4m
▲ 321%
2025
20182025
Equity
€19.1m
▲ 3.0%
2025
20182025
Total assets
€19.4m
=
2025
20182025
Debt
€271,303
▼ 67.6%
2025
20182025
Working capital
-€247,112
▲ 69.7%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▲ 0.3%€0.2m▲ 2.5%€0.2m▼ 2.4%€0.2m▲ 14.9%€0.2m▼ 5.7%€0.2m▲ 10.2%€0.2m▲ 0.8%
Net result€0.2m-€1.2m▲ 648%€0.1m▼ 88.6%€0.1m▼ 12.1%€0.4m▲ 279%€0.1m▼ 71.5%€0.6m▲ 349%€2.4m▲ 321%
Equity€17.2m-€18.4m▲ 6.7%€18.3m▼ 0.4%€18.4m▲ 0.6%€18.8m▲ 2.4%€18.5m▼ 2.0%€18.5m▲ 0.3%€19.1m▲ 3.0%
Total assets€19.2m-€19.2m=€19.2m=€19.4m▲ 1.1%€19.4m▲ 0.2%€19.4m▼ 0.1%€19.4m=€19.4m=
Debt€2.0m-€0.8m▼ 59.0%€0.9m▲ 7.6%€1.0m▲ 10.9%€0.6m▼ 42.4%€0.9m▲ 63.0%€0.8m▼ 7.6%€0.3m▼ 67.6%
Working capital-€2.0m--€0.8m▲ 59.2%-€0.9m▼ 8.5%-€1.0m▼ 10.5%-€0.5m▲ 46.4%-€0.9m▼ 72.0%-€0.8m▲ 7.6%-€0.2m▲ 69.7%
The operating result for 2025 is 1% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.4m
Fixed assets
€19.3m =
Current assets
€24,190 ▲ 11.2%
Equity and liabilities €19.4m
Equity
€19.1m ▲ 3.0%
Debt
€271,303 ▼ 67.6%
Debt's share of the balance-sheet total falls from 4.3% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€196,019▲
2024 · €194,525
Cash flow
€2.4m▲
2024 · €567,145
Current ratio
0.09▲
2024 · 0.03
Debt to equity
0.01▼
2024 · 0.05
ROE
12.4%▲
2024 · 3.0%
ROA
12.2%▲
2024 · 2.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€271,303▼
2024 · €837,010
Income taxes
€47,568▲
2024 · €47,232
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 | €213,750 | - | - | - | - |
| Depreciation and write-downs of the year | €7,205 | €5,451 | €5,451 | €5,451 | €5,451 |
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 | €0.001m | €0.001m | €0.001m | €0.007m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.04m | €0.05m | €0.04m | ▼ 7.2% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.8% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.8% |
| Financial income75/76B | - | - | - | - | €0.3m | - | €0.4m | €2.2m | ▲ 429% |
| Recurring financial income75 | - | €1.0m | €0 | - | €0.3m | - | €0.4m | €2.2m | ▲ 429% |
| Financial charges65/66B | - | - | - | €425 | €249 | €146 | €147 | €298 | ▲ 102% |
| Recurring financial charges65 | €0.003m | €378 | €0.001m | €425 | €249 | €146 | €147 | €298 | ▲ 102% |
| Profit (loss) for the period before taxes9903 | €0.2m | €1.2m | €0.2m | €0.2m | €0.5m | €0.2m | €0.6m | €2.4m | ▲ 296% |
| Income taxes67/77 | - | - | €0.03m | €0.04m | €0.04m | €0.05m | €0.05m | €0.05m | ▲ 0.7% |
| Profit (loss) for the period9904 | €0.2m | €1.2m | €0.1m | €0.1m | €0.4m | €0.1m | €0.6m | €2.4m | ▲ 321% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €1.2m | €0.1m | €0.1m | €0.4m | €0.1m | €0.6m | €2.4m | ▲ 321% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €19.2m | €19.2m | €19.2m | €19.4m | €19.4m | €19.4m | €19.4m | €19.4m | = |
| Fixed assets21/28 | €19.2m | €19.2m | €19.2m | €19.4m | €19.4m | €19.3m | €19.3m | €19.3m | = |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 1.6% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 1.6% |
| Financial fixed assets28 | €19.0m | €19.0m | €19.0m | €19.0m | €19.0m | €19.0m | €19.0m | €19.0m | = |
| Current assets29/58 | €0.02m | €0.01m | €0.004m | €0.008m | €0.04m | €0.02m | €0.02m | €0.02m | ▲ 11.2% |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.004m | €0.008m | €0.04m | €0.02m | €0.01m | €0.02m | ▲ 42.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.004m | €0.007m | €0.007m | €0.004m | ▼ 48.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €19.2m | €19.2m | €19.2m | €19.4m | €19.4m | €19.4m | €19.4m | €19.4m | = |
| Equity10/15 | €17.2m | €18.4m | €18.3m | €18.4m | €18.8m | €18.5m | €18.5m | €19.1m | ▲ 3.0% |
| Contributions10/11 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Capital10 | - | - | - | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Issued capital100 | - | - | - | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | €12.8m | €14.0m | €13.9m | €14.0m | €14.4m | €14.1m | €14.1m | €14.7m | ▲ 4.0% |
| Amounts payable17/49 | €2.0m | €0.8m | €0.9m | €1.0m | €0.6m | €0.9m | €0.8m | €0.3m | ▼ 67.6% |
| Amounts payable within one year42/48 | €2.0m | €0.8m | €0.9m | €1.0m | €0.6m | €0.9m | €0.8m | €0.3m | ▼ 67.6% |
| Trade debts44 | €0.002m | €0 | - | €0.004m | €0.004m | €0.005m | €0.007m | €0.007m | ▼ 3.1% |
| Suppliers440/4 | - | - | - | €0.004m | €0.004m | €0.005m | €0.007m | €0.007m | ▼ 3.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.05m | €0.003m | €0.007m | €0.008m | ▲ 4.6% |
| Taxes450/3 | - | - | - | €0.07m | €0.05m | €0.003m | €0.007m | €0.008m | ▲ 4.6% |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.5m | €0.9m | €0.8m | €0.3m | ▼ 68.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €1.2m | €0.1m | €0.1m | €0.4m | €0.1m | €0.6m | €2.4m | ▲ 321% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €0.001m | €0.007m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Operating cash flow (approximation) | €0.2m | €1.2m | €0.1m | €0.1m | €0.4m | €0.1m | €0.6m | €2.4m | ▲ 318% |
| Investment in fixed assets (approximation) | - | €0 | €149 | -€0.2m | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€0.007m | -€0.006m | €0.004m | €0.03m | -€0.02m | -€0.002m | €0.006m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 02-07-2026 | 2026-00241455 | |
| 31-12-2024 | full format | 22-07-2025 | 2025-00294283 | |
| 31-12-2023 | full format | 02-08-2024 | 2024-00322780 | |
| 31-12-2022 | full format | 10-08-2023 | 2023-00323384 | |
| 31-12-2021 | full format | 03-06-2022 | 2022-20045824 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-32900094 | |
| 31-12-2019 | full format | 29-07-2020 | 2020-36600575 | |
| 31-12-2018 | full format | 23-04-2019 | 2019-10600531 | |
| 31-12-2017 | full format | 18-05-2018 | 2018-13000486 | |
| 31-12-2016 | micro format | 30-05-2017 | 2017-13400064 |