Bjart
ActiveSummary
Bjart has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 7.44 against 1.71 in 2024; short-term debt: 10.7% and cash: 14.6% of total assets), and 10.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.3%
Return on assets
34.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
19202122232425
2019 to 2025 · latest year €114k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
7 d late
2023
42 d early
2022
34 d early
2021
31 d early
2020
30 d early
2019
35 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 63.3%
2024 · €70k
2019: €38k
2020: €88k▲ +129% vs 2019
2021: €139k▲ +59.1% vs 2020highest in 7 years
2022: €20k▼ -85.6% vs 2021
2023: €19k▼ -7.0% vs 2022lowest in 7 years
2024: €70k▲ +275% vs 2023
2025: €114k▲ +63.3% vs 2024
2019 → 2025
Total assets
€127k▲ 2.6%
2024 · €124k
2019: €49klowest in 7 years
2020: €98k▲ +97.7% vs 2019
2021: €159k▲ +62.0% vs 2020
2022: €209k▲ +32.1% vs 2021
2023: €234k▲ +11.9% vs 2022highest in 7 years
2024: €124k▼ -47.0% vs 2023
2025: €127k▲ +2.6% vs 2024
2019 → 2025
Net result
€44k▼ 13.7%
2024 · €51k
2019: €27klowest in 7 years
2020: €50k▲ +88.2% vs 2019
2021: €53k▲ +4.7% vs 2020highest in 7 years
2022: €52k▼ -1.7% vs 2021
2023: €51k▼ -0.7% vs 2022
2024: €51k▼ -0.3% vs 2023
2025: €44k▼ -13.7% vs 2024
2019 → 2025
Working capital
€88k▲ 125%
2024 · €39k
2019: €38k
2020: €78k▲ +106% vs 2019
2021: €140k▲ +79.8% vs 2020highest in 7 years
2022: €19k▼ -86.2% vs 2021
2023: €19k▼ -4.2% vs 2022lowest in 7 years
2024: €39k▲ +109% vs 2023
2025: €88k▲ +125% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€20k▼ 85.6%€19k▼ 7.0%€70k▲ 275%€114k▲ 63.3%
2021: €139khighest in 5 years
2022: €20k▼ -85.6% vs 2021
2023: €19k▼ -7.0% vs 2022lowest in 5 years
2024: €70k▲ +275% vs 2023
2025: €114k▲ +63.3% vs 2024
Operating result€67k-€66k▼ 1.1%€65k▼ 1.4%€64k▼ 1.2%€56k▼ 13.1%
2021: €67khighest in 5 years
2022: €66k▼ -1.1% vs 2021
2023: €65k▼ -1.4% vs 2022
2024: €64k▼ -1.2% vs 2023
2025: €56k▼ -13.1% vs 2024lowest in 5 years
Net result€53k-€52k▼ 1.7%€51k▼ 0.7%€51k▼ 0.3%€44k▼ 13.7%
2021: €53khighest in 5 years
2022: €52k▼ -1.7% vs 2021
2023: €51k▼ -0.7% vs 2022
2024: €51k▼ -0.3% vs 2023
2025: €44k▼ -13.7% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€26k ▼ 15.0%
Current assets
€101k ▲ 8.4%
Equity and liabilities €127k
Equity
€114k ▲ 63.3%
Debt
€14k ▼ 75.0%
Debt's share of the balance-sheet total falls from 43.9% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▼
2024 · €70k
Cash flow
€52k▼
2024 · €57k
Current ratio
7.44▲
2024 · 1.71
Debt to equity
0.12▼
2024 · 0.78
ROE
38.8%▼
2024 · 73.3%
ROA
34.6%▼
2024 · 41.2%
Interest coverage
244.76▼
2024 · 604.33
Debt ≤ 1 year
€14k▼
2024 · €54k
Income taxes
€12k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124k€127k▲
Fixed assets21/28€31k€26k▼
Tangible fixed assets22/27€31k€26k▼
Furniture and vehicles24€31k€26k▼
Current assets29/58€93k€101k▲
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€13k€15k▲
Other amounts receivable41-€959
Current investments50/53-€66k
Cash at bank and in hand54/58€81k€19k▼
Deferred charges and accrued income490/1€279€390▲
Equity and liabilities
Total equity and liabilities10/49€124k€127k▲
Equity10/15€70k€114k▲
Contributions10/11€19k€19k=
Reserves13€51k€95k▲
Distributable reserves133€51k€95k▲
Amounts payable17/49€54k€14k▼
Amounts payable within one year42/48€54k€14k▼
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€45k€748▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€776€960▲
Gross operating margin9900€71k€65k▼
Operating profit (loss)9901€64k€56k▼
Financial charges65/66B€116€260▲
Recurring financial charges65€116€260▲
Profit (loss) for the period before taxes9903€64k€56k▼
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€51k€44k▼
Profit (loss) for the period to be appropriated9905€51k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€44k▼
Transfer to equity691/2€51k€44k▼
To other reserves6921€51k€44k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €585 | €6k | €8k | ▲ 34.6% |
| Other operating charges640/8 | €1k | €1k | €1k | €776 | €960 | ▲ 23.7% |
| Gross operating margin9900 | €73k | €72k | €67k | €71k | €65k | ▼ 8.9% |
| Operating profit (loss)9901 | €67k | €66k | €65k | €64k | €56k | ▼ 13.1% |
| Financial charges65/66B | €61 | €118 | €114 | €116 | €260 | ▲ 124% |
| Recurring financial charges65 | €61 | €118 | €114 | €116 | €260 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €67k | €66k | €65k | €64k | €56k | ▼ 13.4% |
| Income taxes67/77 | €14k | €14k | €14k | €13k | €12k | ▼ 12.1% |
| Profit (loss) for the period9904 | €53k | €52k | €51k | €51k | €44k | ▼ 13.7% |
| Profit (loss) for the period to be appropriated9905 | €53k | €52k | €51k | €51k | €44k | ▼ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159k | €209k | €234k | €124k | €127k | ▲ 2.6% |
| Fixed assets21/28 | €5k | €585 | - | €31k | €26k | ▼ 15.0% |
| Tangible fixed assets22/27 | €5k | €585 | - | €31k | €26k | ▼ 15.0% |
| Furniture and vehicles24 | €5k | €585 | - | €31k | €26k | ▼ 15.0% |
| Current assets29/58 | €153k | €209k | €234k | €93k | €101k | ▲ 8.4% |
| Amounts receivable within one year40/41 | €15k | €15k | €11k | €13k | €16k | ▲ 29.9% |
| Trade receivables40 | €15k | €15k | €11k | €13k | €15k | ▲ 22.2% |
| Other amounts receivable41 | - | - | - | - | €959 | - |
| Current investments50/53 | - | - | - | - | €66k | - |
| Cash at bank and in hand54/58 | €137k | €194k | €223k | €81k | €19k | ▼ 76.9% |
| Deferred charges and accrued income490/1 | €703 | €132 | €155 | €279 | €390 | ▲ 39.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159k | €209k | €234k | €124k | €127k | ▲ 2.6% |
| Equity10/15 | €139k | €20k | €19k | €70k | €114k | ▲ 63.3% |
| Contributions10/11 | €12k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €12k | €19k | - | - | - | - |
| Other1109/19 | €12k | €19k | - | - | - | - |
| Reserves13 | €127k | €1k | - | €51k | €95k | ▲ 86.3% |
| Non-distributable reserves130/1 | €1k | €1k | - | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | - | - | - | - |
| Distributable reserves133 | €125k | - | - | €51k | €95k | ▲ 86.3% |
| Amounts payable17/49 | €19k | €189k | €216k | €54k | €14k | ▼ 75.0% |
| Amounts payable within one year42/48 | €13k | €189k | €216k | €54k | €14k | ▼ 75.0% |
| Trade debts44 | €3k | €3k | €533 | €1k | €6k | ▲ 313% |
| Suppliers440/4 | €3k | €3k | €533 | €1k | €6k | ▲ 313% |
| Taxes, remuneration and social security45 | €9k | €9k | €8k | €8k | €7k | ▼ 11.1% |
| Taxes450/3 | €9k | €9k | €8k | €8k | €7k | ▼ 11.1% |
| Other amounts payable47/48 | €760 | €177k | €207k | €45k | €748 | ▼ 98.3% |
| Accrued charges and deferred income492/3 | €6k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €52k | €51k | €51k | €44k | ▼ 13.7% |
| + Depreciation and write-downs630 | €5k | €4k | €585 | €6k | €8k | ▲ 34.6% |
| Operating cash flow (approximation) | €57k | €56k | €52k | €57k | €52k | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €-3k | - |
| Change in cash | - | €57k | €29k | €-142k | €-62k | ▲ 56.5% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 7.44
Current ratio from 1.71 to 7.44; short-term debt falls from €54k to €14k.
31-12
Financial
Equity above €100kEq €114k ▲63.3%
7 profitable years in a row build equity to €114k.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €53k ▲4.7%
Operating result €67k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲59.1%
3 profitable years in a row build equity to €139k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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.
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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, Malle · 1 establishment unit since 2018
Ground area
2,322 m²
Building footprint
165 m²
Volume, LiDAR
1,068 m³
Parcel 11049C0120/00Y006, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bjart
since 20182.275.731.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0120/00Y006 | Flanders | 2,322 m² | 1 · 165 m² | 8.7 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,808 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
Founded10-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.