BIZZARC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-05-2026 PDF all 10 filings
Every figure per financial year
The operating result for 2025 is 82% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
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 | €36,274 | €2,392 | €4,499 | - | - |
| Depreciation and write-downs of the year | €6,152 | €8,589 | €9,864 | €8,994 | €8,994 |
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 | €837 | €5,975 | €5,138 | €6,152 | €8,589 | €9,864 | €8,994 | €8,994 | = |
| Other operating charges640/8 | - | - | - | €1,016 | €266 | €290 | €305 | €315 | ▲ 3.4% |
| Gross operating margin9900 | €21,031 | -€15,006 | €69,355 | €55,955 | €42,621 | €54,086 | €43,714 | €15,600 | ▼ 64.3% |
| Operating profit (loss)9901 | €20,194 | -€21,540 | €63,617 | €48,788 | €33,766 | €43,932 | €34,415 | €6,291 | ▼ 81.7% |
| Financial income75/76B | - | - | - | - | - | - | €912 | €948 | ▲ 3.9% |
| Recurring financial income75 | €23 | €17 | €4 | - | - | - | €912 | €948 | ▲ 3.9% |
| Financial charges65/66B | - | - | - | €81 | €20 | €30 | €85 | €59 | ▼ 31.1% |
| Recurring financial charges65 | €972 | €454 | €40 | €81 | €20 | €30 | €85 | €59 | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €19,245 | -€21,977 | €63,580 | €48,707 | €33,746 | €43,902 | €35,243 | €7,180 | ▼ 79.6% |
| Income taxes67/77 | €4,657 | €147 | €9,312 | €10,180 | €12,057 | €10,033 | €8,315 | €2,825 | ▼ 66.0% |
| Profit (loss) for the period9904 | €14,589 | -€22,124 | €54,268 | €38,527 | €21,689 | €33,869 | €26,928 | €4,355 | ▼ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €14,589 | -€22,124 | €54,268 | €38,527 | €21,689 | €33,869 | €26,928 | €4,355 | ▼ 83.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,967 | €51,369 | €107,845 | €137,347 | €89,209 | €121,140 | €150,928 | €62,124 | ▼ 58.8% |
| Fixed assets21/28 | €837 | €12,641 | €7,504 | €33,670 | €27,473 | €22,108 | €13,114 | €4,121 | ▼ 68.6% |
| Tangible fixed assets22/27 | €837 | €12,641 | €7,504 | €33,670 | €27,473 | €22,108 | €13,114 | €4,121 | ▼ 68.6% |
| Plant, machinery and equipment23 | - | - | - | €2,365 | €3,422 | €5,312 | €3,574 | €1,835 | ▼ 48.7% |
| Furniture and vehicles24 | - | - | - | €31,305 | €24,050 | €16,795 | €9,541 | €2,286 | ▼ 76.0% |
| Current assets29/58 | €77,130 | €38,728 | €100,342 | €103,677 | €61,736 | €99,032 | €137,814 | €58,004 | ▼ 57.9% |
| Amounts receivable within one year40/41 | €26,571 | €13,766 | €16,115 | €28,033 | €15,024 | €24,183 | €11,045 | €7,747 | ▼ 29.9% |
| Trade receivables40 | - | - | - | €25,713 | €12,703 | €23,716 | €8,393 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €2,320 | €2,320 | €467 | €2,653 | €7,747 | ▲ 192% |
| Current investments50/53 | - | - | - | - | - | - | - | €11,000 | - |
| Cash at bank and in hand54/58 | €50,559 | €13,436 | €72,774 | €64,641 | €46,396 | €74,532 | €126,452 | €38,940 | ▼ 69.2% |
| Deferred charges and accrued income490/1 | - | - | - | €11,003 | €317 | €317 | €317 | €317 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,967 | €51,369 | €107,845 | €137,347 | €89,209 | €121,140 | €150,928 | €62,124 | ▼ 58.8% |
| Equity10/15 | €68,259 | €46,134 | €100,403 | €60,529 | €82,218 | €116,087 | €48,015 | €52,371 | ▲ 9.1% |
| Contributions10/11 | €13,400 | €13,400 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €52,859 | €30,734 | €85,003 | €38,529 | €60,218 | €94,087 | €26,015 | €30,371 | ▲ 16.7% |
| Amounts payable17/49 | €9,709 | €5,235 | €7,443 | €76,818 | €6,991 | €5,052 | €102,913 | €9,754 | ▼ 90.5% |
| Amounts payable within one year42/48 | €9,709 | €5,235 | €7,443 | €76,818 | €6,991 | €5,052 | €102,913 | €9,754 | ▼ 90.5% |
| Trade debts44 | €1,366 | €330 | €117 | €1,072 | €238 | €2,592 | €80 | €135 | ▲ 67.7% |
| Suppliers440/4 | - | - | - | €1,072 | €238 | €2,592 | €80 | €135 | ▲ 67.7% |
| Taxes, remuneration and social security45 | - | - | - | €1,570 | €6,061 | €1,485 | €3,325 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €1,570 | €6,061 | €1,485 | €3,325 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €74,175 | €692 | €976 | €99,508 | €9,619 | ▼ 90.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,589 | -€22,124 | €54,268 | €38,527 | €21,689 | €33,869 | €26,928 | €4,355 | ▼ 83.8% |
| + Depreciation and write-downs630 | €837 | €5,975 | €5,138 | €6,152 | €8,589 | €9,864 | €8,994 | €8,994 | = |
| Operating cash flow (approximation) | €15,425 | -€16,149 | €59,406 | €44,678 | €30,278 | €43,733 | €35,921 | €13,349 | ▼ 62.8% |
| Investment in fixed assets (approximation) | - | -€17,779 | €0 | -€32,318 | -€2,392 | -€4,499 | €0 | €0 | - |
| Change in cash | - | -€37,123 | €59,337 | -€8,133 | -€18,245 | €28,135 | €51,920 | -€87,511 | - |
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, 34,693 companies had the same profile as BIZZARC has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of BIZZARC 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 34,693 companies, not a prediction for BIZZARC. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-05-2026 | 2026-00124922 | |
| 31-12-2024 | micro format | 21-05-2025 | 2025-00106492 | |
| 31-12-2023 | micro format | 16-05-2024 | 2024-00088542 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00096745 | |
| 31-12-2021 | micro format | 23-05-2022 | 2022-20032631 | |
| 31-12-2020 | micro format | 08-06-2021 | 2021-18100262 | |
| 31-12-2019 | micro format | 29-05-2020 | 2020-13900087 | |
| 31-12-2018 | micro format | 16-05-2019 | 2019-13200348 | |
| 31-12-2017 | micro format | 29-05-2018 | 2018-14400146 | |
| 31-12-2016 | abbreviated format | 07-06-2017 | 2017-15100583 |