BISKIT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 24 filings
Turnover
≈ €110,000
Estimated: probably between €100,000 and €150,000
Total assets
€399,750▲ 20.3%
2024 · €332,324
Net result
-€1,008▲ 74.0%
2024 · -€3,871
Working capital
€121,340▲ 211%
2024 · €38,968
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€465
▲ 89.5%
2025
20182025
Net result
-€1,008
▲ 74.0%
2025
lowest quarter of the sector
20182025
Equity
€204,107
▼ 0.5%
2025
highest quarter of the sector
20182025
Total assets
€399,750
▲ 20.3%
2025
highest quarter of the sector
20182025
Debt
€175,643
▲ 63.8%
2025
20182025
Working capital
€121,340
▲ 211%
2025
highest quarter of the sector
20182025
Solvency
51.1%
▼ 10.7pp
2025
middle half of the sector
20182025
Current ratio
2.51
▲ 0.74
2025
middle half of the sector
20182025
Return on assets (ROA)
-0.3%
▲ 0.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€17,667-€7,882€13,182▲ 67.2%€29,898▲ 127%€12,691▼ 57.6%-€447-€4,428▼ 891%-€465▲ 89.5%
Net result-€10,679-€5,997€16,579within the sector's middle half▲ 176%€23,147within the sector's middle half▲ 39.6%€7,857within the sector's middle half▼ 66.1%€536below the sector's middle half▼ 93.2%-€3,871below the sector's middle half-€1,008below the sector's middle half▲ 74.0%
Equity€161,629-€167,626▲ 3.7%€184,205above the sector's middle half▲ 9.9%€200,594above the sector's middle half▲ 8.9%€208,451above the sector's middle half▲ 3.9%€208,986above the sector's middle half▲ 0.3%€205,115above the sector's middle half▼ 1.9%€204,107above the sector's middle half▼ 0.5%
Total assets€475,423-€407,940▼ 14.2%€365,729above the sector's middle half▼ 10.3%€288,987above the sector's middle half▼ 21.0%€309,625above the sector's middle half▲ 7.1%€371,296above the sector's middle half▲ 19.9%€332,324above the sector's middle half▼ 10.5%€399,750above the sector's middle half▲ 20.3%
Debt€313,793-€230,314▼ 26.6%€161,524▼ 29.9%€68,393▼ 57.7%€81,174▲ 18.7%€142,310▲ 75.3%€107,209▼ 24.7%€175,643▲ 63.8%
Working capital€146,191-€48,269▼ 67.0%€33,205within the sector's middle half▼ 31.2%€49,594within the sector's middle half▲ 49.4%€57,451within the sector's middle half▲ 15.8%-€38,828below the sector's middle half€38,968within the sector's middle half€121,340above the sector's middle half▲ 211%
Solvency34.0%-41.1%▲ 7.1pp50.4%within the sector's middle half▲ 9.3pp69.4%within the sector's middle half▲ 19.0pp67.3%within the sector's middle half▼ 2.1pp56.3%within the sector's middle half▼ 11.0pp61.7%within the sector's middle half▲ 5.4pp51.1%within the sector's middle half▼ 10.7pp
Current ratio1.93-1.26▼ 0.671.21below the sector's middle half▼ 0.051.73within the sector's middle half▲ 0.521.71within the sector's middle half▼ 0.020.66below the sector's middle half▼ 1.051.77within the sector's middle half▲ 1.122.51within the sector's middle half▲ 0.74
Return on assets (ROA)-2.2%-1.5%▲ 3.7pp4.5%within the sector's middle half▲ 3.1pp8.0%within the sector's middle half▲ 3.5pp2.5%below the sector's middle half▼ 5.5pp0.1%below the sector's middle half▼ 2.4pp-1.2%below the sector's middle half▼ 1.3pp-0.3%below the sector's middle half▲ 0.9pp
Staff (FTE)7.3-1.8▼ 75.3%1within the sector's middle half▼ 44.4%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 €465, smaller than the loss of €4,428 in 2024.
Turnover and EBIT margin are not published. The 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 €399,750
Fixed assets
€198,167 ▼ 18.5%
Current assets
€201,583 ▲ 126%
Equity and liabilities €399,750
Equity
€204,107 ▼ 0.5%
Provisions
€20,000 =
Debt
€175,643 ▲ 63.8%
Debt's share of the balance-sheet total rises from 32.3% to 43.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53,868▲
2024 · €49,905
Cash flow
€53,325▲
2024 · €50,462
Debt to equity
0.86▲
2024 · 0.52
ROE
-0.5%▲
2024 · -1.9%
Interest coverage
over 100▲
2024 · 84.46
Debt ≤ 1 year
€80,242▲
2024 · €50,306
Debt > 1 year
€95,400▲
2024 · €56,903
Income taxes
€25▼
2024 · €980
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 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | €163,000 | - | - |
| Financial fixed assets | - | - | - | - | €9,450 |
| Depreciation and write-downs of the year | - | - | €27,167 | €54,333 | €54,333 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €10,710 | - | €1,290 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,415 | - | - | - | - | €27,167 | €54,333 | €54,333 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €3,352 | €3,352 | €3,352 | = |
| Other operating charges640/8 | - | - | - | €5,404 | €16,501 | €215 | €1,226 | €1,583 | ▲ 29.1% |
| Gross operating margin9900 | €319,037 | €109,947 | €43,825 | €46,011 | €29,192 | €31,577 | €54,484 | €58,803 | ▲ 7.9% |
| Operating profit (loss)9901 | -€17,667 | €7,882 | €13,182 | €29,898 | €12,691 | -€447 | -€4,428 | -€465 | ▲ 89.5% |
| Financial income75/76B | - | - | - | €5,003 | €50 | €3,391 | €2,128 | €7 | ▼ 99.7% |
| Recurring financial income75 | €14,790 | - | €8,400 | €5,000 | €50 | €1,628 | €2,128 | €7 | ▼ 99.7% |
| Non-recurring financial income76B | - | - | - | €3 | - | €1,764 | - | €7 | - |
| Financial charges65/66B | - | - | - | €286 | €345 | €1,128 | €591 | €525 | ▼ 11.2% |
| Recurring financial charges65 | €7,827 | €899 | €1,420 | €286 | €345 | €1,122 | €591 | €525 | ▼ 11.2% |
| Non-recurring financial charges66B | - | - | - | €1 | - | €5 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€10,679 | €6,985 | €20,075 | €34,614 | €12,396 | €1,817 | -€2,891 | -€983 | ▲ 66.0% |
| Income taxes67/77 | - | €988 | €3,495 | €11,467 | €4,539 | €1,281 | €980 | €25 | ▼ 97.4% |
| Profit (loss) for the period9904 | -€10,679 | €5,997 | €16,579 | €23,147 | €7,857 | €536 | -€3,871 | -€1,008 | ▲ 74.0% |
| Profit (loss) for the period to be appropriated9905 | -€10,679 | €5,997 | €16,579 | €23,147 | €7,857 | €536 | -€3,871 | -€1,008 | ▲ 74.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €475,423 | €407,940 | €365,729 | €288,987 | €309,625 | €371,296 | €332,324 | €399,750 | ▲ 20.3% |
| Fixed assets21/28 | €171,981 | €171,000 | €171,000 | €171,000 | €171,000 | €297,383 | €243,050 | €198,167 | ▼ 18.5% |
| Intangible fixed assets21 | - | - | - | - | - | €135,833 | €81,500 | €27,167 | ▼ 66.7% |
| Financial fixed assets28 | €171,981 | €171,000 | €171,000 | €171,000 | €171,000 | €161,550 | €161,550 | €171,000 | ▲ 5.8% |
| Current assets29/58 | €303,441 | €236,940 | €194,729 | €117,987 | €138,625 | €73,913 | €89,274 | €201,583 | ▲ 126% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €6,704 | €3,352 | - | - |
| Other amounts receivable291 | - | - | - | - | - | €6,704 | €3,352 | - | - |
| Amounts receivable within one year40/41 | €229,993 | €208,269 | €112,397 | €103,440 | €52,250 | €48,155 | €45,267 | €47,148 | ▲ 4.2% |
| Trade receivables40 | - | - | - | €97,583 | €52,250 | €48,115 | €38,570 | €42,753 | ▲ 10.8% |
| Other amounts receivable41 | - | - | - | €5,857 | - | €40 | €6,697 | €4,396 | ▼ 34.4% |
| Cash at bank and in hand54/58 | €38,448 | €28,671 | €82,332 | €14,547 | €86,375 | €19,054 | €40,655 | €154,435 | ▲ 280% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €475,423 | €407,940 | €365,729 | €288,987 | €309,625 | €371,296 | €332,324 | €399,750 | ▲ 20.3% |
| Equity10/15 | €161,629 | €167,626 | €184,205 | €200,594 | €208,451 | €208,986 | €205,115 | €204,107 | ▼ 0.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €167,860 | €167,860 | €167,860 | €181,994 | €189,851 | €190,386 | €190,386 | €190,386 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €180,134 | €187,991 | €188,526 | €188,526 | €188,526 | = |
| Profit (loss) carried forward14 | -€24,831 | -€18,834 | -€2,255 | - | - | - | -€3,871 | -€4,879 | ▼ 26.0% |
| Provisions and deferred taxes16 | - | €10,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other liabilities and charges164/5 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable17/49 | €313,793 | €230,314 | €161,524 | €68,393 | €81,174 | €142,310 | €107,209 | €175,643 | ▲ 63.8% |
| Amounts payable after more than one year17 | €108,506 | €41,643 | - | - | - | €29,569 | €56,903 | €95,400 | ▲ 67.7% |
| Financial debts170/4 | - | - | - | - | - | €29,569 | €56,903 | €95,400 | ▲ 67.7% |
| Amounts payable within one year42/48 | €157,251 | €188,671 | €161,524 | €68,393 | €81,174 | €112,741 | €50,306 | €80,242 | ▲ 59.5% |
| Trade debts44 | €42,787 | €107,032 | €139,079 | €53,540 | €48,438 | €73,864 | €50,306 | €74,377 | ▲ 47.8% |
| Suppliers440/4 | - | - | - | €53,540 | €48,438 | €73,864 | €50,306 | €74,377 | ▲ 47.8% |
| Taxes, remuneration and social security45 | - | - | - | €8,422 | €5,269 | €6,390 | - | €25 | - |
| Taxes450/3 | - | - | - | €8,422 | €5,269 | €6,390 | - | €25 | - |
| Other amounts payable47/48 | - | - | - | €6,431 | €27,467 | €32,486 | - | €5,840 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,679 | €5,997 | €16,579 | €23,147 | €7,857 | €536 | -€3,871 | -€1,008 | ▲ 74.0% |
| + Depreciation and write-downs630 | €1,415 | - | - | - | - | €27,167 | €54,333 | €54,333 | = |
| Operating cash flow (approximation) | -€9,264 | €5,997 | €16,579 | €23,147 | €7,857 | €27,702 | €50,462 | €53,325 | ▲ 5.7% |
| Investment in fixed assets (approximation) | - | €981 | €0 | €0 | €0 | -€153,550 | €0 | -€9,450 | - |
| Change in cash | - | -€9,777 | €53,662 | -€67,785 | €71,828 | -€67,321 | €21,601 | €113,780 | ▲ 427% |
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 BISKIT 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 BISKIT itself: < 0.1% 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 BISKIT. 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 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00188589 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00305368 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00430396 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00141381 | |
| 31-12-2021 | micro format | 03-08-2022 | 2022-20266307 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-34000091 | |
| 31-12-2019 | micro format | 16-06-2020 | 2020-18200097 | |
| 31-12-2018 | micro format | 29-06-2019 | 2019-26800028 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43600323 | |
| 31-12-2016 | micro format | 12-07-2017 | 2017-31100361 |