BIZO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-06-2026 PDF all 36 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,996, smaller than the loss of €3,775 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.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €7,694 | - | €7,955 | - |
| Depreciation and write-downs of the year | €989 | €1,236 | €1,399 | €1,707 | €2,040 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €989 | €989 | €989 | €989 | €1,236 | €1,399 | €1,707 | €2,040 | ▲ 19.5% |
| Other operating charges640/8 | - | - | - | €2,015 | €2,054 | €2,249 | €2,324 | €2,396 | ▲ 3.1% |
| Gross operating margin9900 | €2,304 | €1,197 | €1,368 | €901 | €4,176 | €707 | €257 | €1,440 | ▲ 459% |
| Operating profit (loss)9901 | -€491 | -€1,626 | -€1,624 | -€2,103 | €886 | -€2,941 | -€3,775 | -€2,996 | ▲ 20.6% |
| Financial income75/76B | - | - | - | - | - | €86 | €201 | €162 | ▼ 19.3% |
| Recurring financial income75 | €2 | - | - | - | - | €86 | €201 | €162 | ▼ 19.3% |
| Financial charges65/66B | - | - | - | €59 | €72 | €72 | €86 | €83 | ▼ 4.1% |
| Recurring financial charges65 | €24 | €24 | €56 | €59 | €72 | €72 | €86 | €83 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | -€513 | -€1,650 | -€1,680 | -€2,162 | €815 | -€2,926 | -€3,660 | -€2,917 | ▲ 20.3% |
| Income taxes67/77 | - | €1 | - | - | - | - | €60 | -€60 | - |
| Profit (loss) for the period9904 | -€513 | -€1,651 | -€1,680 | -€2,162 | €815 | -€2,926 | -€3,720 | -€2,857 | ▲ 23.2% |
| Profit (loss) for the period to be appropriated9905 | -€513 | -€1,651 | -€1,680 | -€2,162 | €815 | -€2,926 | -€3,720 | -€2,857 | ▲ 23.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €115,402 | €113,751 | €112,071 | €109,964 | €110,835 | €107,976 | €104,077 | €101,693 | ▼ 2.3% |
| Fixed assets21/28 | €66,443 | €65,454 | €64,465 | €63,476 | €69,934 | €68,534 | €74,782 | €72,741 | ▼ 2.7% |
| Tangible fixed assets22/27 | €66,443 | €65,454 | €64,465 | €63,476 | €69,934 | €68,534 | €74,782 | €72,741 | ▼ 2.7% |
| Land and buildings22 | - | - | - | €63,476 | €69,934 | €68,534 | €74,782 | €72,741 | ▼ 2.7% |
| Current assets29/58 | €48,960 | €48,298 | €47,606 | €46,488 | €40,902 | €39,442 | €29,296 | €28,951 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €19 | - | - | - | - | - | - | €49 | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €49 | - |
| Current investments50/53 | €46,849 | €46,849 | €47,156 | €46,061 | €35,844 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €1,708 | €1,013 | - | - | €4,562 | €38,891 | €28,708 | €28,292 | ▼ 1.5% |
| Deferred charges and accrued income490/1 | - | - | - | €428 | €495 | €551 | €588 | €611 | ▲ 4.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €115,402 | €113,751 | €112,071 | €109,964 | €110,835 | €107,976 | €104,077 | €101,693 | ▼ 2.3% |
| Equity10/15 | €114,902 | €113,251 | €111,571 | €109,409 | €110,224 | €107,297 | €103,577 | €100,721 | ▼ 2.8% |
| Contributions10/11 | €107,214 | €107,214 | €107,214 | €107,214 | €107,214 | €107,214 | €107,214 | €107,214 | = |
| Capital10 | - | - | - | €107,214 | €107,214 | €107,214 | €107,214 | €107,214 | = |
| Issued capital100 | - | - | - | €107,214 | €107,214 | €107,214 | €107,214 | €107,214 | = |
| Reserves13 | €25,193 | €25,193 | €25,193 | €25,193 | €25,193 | €25,193 | €25,193 | €25,193 | = |
| Non-distributable reserves130/1 | - | - | - | €10,721 | €10,721 | €10,721 | €10,721 | €10,721 | = |
| Legal reserve130 | - | - | - | €10,721 | €10,721 | €10,721 | €10,721 | €10,721 | = |
| Distributable reserves133 | - | - | - | €14,471 | €14,471 | €14,471 | €14,471 | €14,471 | = |
| Profit (loss) carried forward14 | -€17,504 | -€19,155 | -€20,836 | -€22,998 | -€22,183 | -€25,109 | -€28,829 | -€31,686 | ▼ 9.9% |
| Amounts payable17/49 | €500 | €500 | €500 | €555 | €612 | €679 | €500 | €972 | ▲ 94.4% |
| Amounts payable within one year42/48 | €500 | €500 | €500 | €555 | €612 | €679 | €500 | €972 | ▲ 94.4% |
| Trade debts44 | - | - | - | €55 | €112 | €179 | €0 | €472 | - |
| Suppliers440/4 | - | - | - | €55 | €112 | €179 | €0 | €472 | - |
| Other amounts payable47/48 | - | - | - | €500 | €500 | €500 | €500 | €500 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€513 | -€1,651 | -€1,680 | -€2,162 | €815 | -€2,926 | -€3,720 | -€2,857 | ▲ 23.2% |
| + Depreciation and write-downs630 | €989 | €989 | €989 | €989 | €1,236 | €1,399 | €1,707 | €2,040 | ▲ 19.5% |
| Operating cash flow (approximation) | €476 | -€662 | -€691 | -€1,173 | €2,050 | -€1,527 | -€2,012 | -€816 | ▲ 59.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,694 | €0 | -€7,955 | €0 | - |
| Change in cash | - | -€695 | - | - | - | €34,328 | -€10,183 | -€416 | ▲ 95.9% |
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 BIZO 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
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BIZO 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 BIZO. 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-06-2026 | 2026-00135177 | |
| 31-12-2024 | micro format | 16-05-2025 | 2025-00096549 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00109097 | |
| 31-12-2022 | micro format | 02-05-2023 | 2023-00077798 | |
| 31-12-2021 | micro format | 25-05-2022 | 2022-20038411 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-19600564 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-44900549 | |
| 31-12-2018 | micro format | 11-07-2019 | 2019-31000475 | |
| 31-12-2017 | micro format | 12-07-2018 | 2018-31500401 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-18900140 |