Summary
BITAX 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 €522,035 and a net result of €125,094. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 92% of 8061 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €522,035
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 09-02-2026, 172 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
172 d early
2024
100 d early
2023
92 d early
2022
100 d early
2021
94 d early
2020
89 d early
2019
86 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 105 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Boechout, Finance and insurance sector
Equity
€522,035▲ 22.3%
2024 · €426,941
Net result
€125,094▲ 48.8%
2024 · €84,057
Total assets
€558,690▲ 26.5%
2024 · €441,662
Solvency
93.4%▼ 3.2pp
2024 · 96.7%
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
Operating result€98,276▲ 9.3%€85,460▼ 13.0%€109,914▲ 28.6%€119,663▲ 8.9%€150,345▲ 25.6%
Net result€70,134▼ 9.2%€61,047▼ 13.0%€74,287▲ 21.7%€84,057▲ 13.2%€125,094▲ 48.8%
Equity€467,549▲ 12.0%€438,597▼ 6.2%€462,884▲ 5.5%€426,941▼ 7.8%€522,035▲ 22.3%
Total assets€481,388▲ 15.0%€473,771▼ 1.6%€490,803▲ 3.6%€441,662▼ 10.0%€558,690▲ 26.5%
Debt€13,839▲ 1,092%€35,175▲ 154%€27,919▼ 20.6%€14,721▼ 47.3%€36,655▲ 149%
Working capital€290,506▲ 3.2%€243,751▼ 16.1%€160,253▼ 34.3%€355,060▲ 122%€461,326▲ 29.9%
Solvency97.1%▼ 2.6pp92.6%▼ 4.5pp94.3%▲ 1.7pp96.7%▲ 2.4pp93.4%▼ 3.2pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €558,690
Fixed assets
€60,709 ▼ 15.5%
Current assets
€497,980 ▲ 34.7%
Equity and liabilities €558,690
Equity
€522,035 ▲ 22.3%
Debt
€36,655 ▲ 149%
Debt's share of the balance-sheet total rises from 3.3% to 6.6%. Equity and debt are higher.
Key figures and ratios
ROE
24.0%▲
2024 · 19.7%
ROA
22.4%▲
2024 · 19.0%
Debt ≤ 1 year
€36,655▲
2024 · €14,721
Income taxes
€54,737▲
2024 · €42,004
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,501 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,528 | €2,698 | €12,115 | €11,756 | €11,171 | ▼ 5.0% |
| Other operating charges640/8 | €2,419 | €2,320 | €3,607 | €1,280 | €1,612 | ▲ 26.0% |
| Gross operating margin9900 | €103,223 | €90,477 | €125,636 | €132,698 | €163,129 | ▲ 22.9% |
| Operating profit (loss)9901 | €98,276 | €85,460 | €109,914 | €119,663 | €150,345 | ▲ 25.6% |
| Financial income75/76B | €5 | €374 | €1,171 | €6,505 | €29,962 | ▲ 361% |
| Recurring financial income75 | €5 | €374 | €1,171 | €6,505 | €29,962 | ▲ 361% |
| Financial charges65/66B | €94 | €100 | €169 | €107 | €476 | ▲ 345% |
| Recurring financial charges65 | €94 | €100 | €169 | €107 | €476 | ▲ 345% |
| Profit (loss) for the period before taxes9903 | €98,187 | €85,734 | €110,917 | €126,061 | €179,831 | ▲ 42.7% |
| Income taxes67/77 | €28,053 | €24,687 | €36,630 | €42,004 | €54,737 | ▲ 30.3% |
| Profit (loss) for the period9904 | €70,134 | €61,047 | €74,287 | €84,057 | €125,094 | ▲ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €70,134 | €61,047 | €74,287 | €84,057 | €125,094 | ▲ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €481,388 | €473,771 | €490,803 | €441,662 | €558,690 | ▲ 26.5% |
| Fixed assets21/28 | €177,043 | €194,846 | €302,631 | €71,881 | €60,709 | ▼ 15.5% |
| Tangible fixed assets22/27 | €6,563 | €43,866 | €31,751 | €22,001 | €10,829 | ▼ 50.8% |
| Furniture and vehicles24 | €6,563 | €43,866 | €31,751 | €22,001 | €10,829 | ▼ 50.8% |
| Financial fixed assets28 | €170,480 | €150,980 | €270,880 | €49,880 | €49,880 | = |
| Current assets29/58 | €304,345 | €278,926 | €188,172 | €369,781 | €497,980 | ▲ 34.7% |
| Amounts receivable within one year40/41 | €22,716 | €14,324 | €13,263 | €7,342 | €9,025 | ▲ 22.9% |
| Trade receivables40 | €20,588 | €11,253 | €12,463 | €6,353 | €7,025 | ▲ 10.6% |
| Other amounts receivable41 | €2,128 | €3,071 | €800 | €990 | €2,000 | ▲ 102% |
| Current investments50/53 | - | - | €100,000 | €150,993 | €354,067 | ▲ 134% |
| Cash at bank and in hand54/58 | €281,629 | €264,601 | €73,805 | €210,343 | €133,621 | ▼ 36.5% |
| Deferred charges and accrued income490/1 | - | - | €1,104 | €1,104 | €1,268 | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €481,388 | €473,771 | €490,803 | €441,662 | €558,690 | ▲ 26.5% |
| Equity10/15 | €467,549 | €438,597 | €462,884 | €426,941 | €522,035 | ▲ 22.3% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €5,000 | ▼ 83.3% |
| Reserves13 | €432,000 | €403,000 | €427,000 | €391,000 | €516,000 | ▲ 32.0% |
| Distributable reserves133 | €432,000 | €403,000 | €427,000 | €391,000 | €516,000 | ▲ 32.0% |
| Profit (loss) carried forward14 | €5,549 | €5,597 | €5,884 | €5,941 | €1,035 | ▼ 82.6% |
| Amounts payable17/49 | €13,839 | €35,175 | €27,919 | €14,721 | €36,655 | ▲ 149% |
| Amounts payable within one year42/48 | €13,839 | €35,175 | €27,919 | €14,721 | €36,655 | ▲ 149% |
| Trade debts44 | €702 | €384 | €327 | €327 | €183 | ▼ 44.0% |
| Suppliers440/4 | €702 | €384 | €327 | €327 | €183 | ▼ 44.0% |
| Taxes, remuneration and social security45 | €3,000 | €4,000 | €660 | €400 | €1,307 | ▲ 227% |
| Taxes450/3 | €3,000 | €4,000 | €660 | €400 | €1,307 | ▲ 227% |
| Other amounts payable47/48 | €10,137 | €30,791 | €26,932 | €13,994 | €35,165 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,134 | €61,047 | €74,287 | €84,057 | €125,094 | ▲ 48.8% |
| + Depreciation and write-downs630 | €2,528 | €2,698 | €12,115 | €11,756 | €11,171 | ▼ 5.0% |
| Operating cash flow (approximation) | €72,662 | €63,745 | €86,402 | €95,813 | €136,265 | ▲ 42.2% |
| Investment in fixed assets (approximation) | - | -€20,500 | -€119,900 | €218,995 | €0 | ▼ 100% |
| Change in cash | - | -€17,028 | -€190,796 | €136,537 | -€76,721 | ▼ 156% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €125,094 ▲48.8%
Operating result €150,345, net result €125,094, both a record.
31-12
Financial
Equity above €500,000Eq €522,035 ▲22.3%
8 profitable years in a row build equity to €522,035.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 25.12
Current ratio from 6.74 to 25.12; short-term debt falls from €27,919 to €14,721.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 88current ratio 243.51
Current ratio from 2.77 to 243.51; short-term debt falls from €99,843 to €1,161.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €25,252 ▼65.6%
Net result drops to €25,252, the lowest in the series; recovery starts the following year.
Show earlier events
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Boechout
Ground area
367 m²
Building footprint
111 m²
Volume, LiDAR
654 m³
Parcel 11004D0263/00X003, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0263/00X003 | Flanders | 367 m² | 1 · 111 m² | 9.3 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 117 EUR awarded · 117 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 117 EUR | 117 EUR |
Similar companies · same sector, comparable size
SKVB
BE 0670.833.390
Balen · Eq €522,142
HELIO
BE 0466.254.353
Deerlijk · Eq €522,318
DESATO
BE 0885.918.024
Wommelgem · Eq €522,369
Jorisius Group
BE 0684.710.528
Herselt · Eq €521,600
CVIMCO
BE 0758.581.174
Gent · Eq €522,611
Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 13,598 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
Founded11-02-1985
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Contact
E-mail
bitax@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.