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BKL SERVICES

Active
Private limited companyfounded 2025active for 1 yearIkaroslaan 1, 1930 Zaventem, BelgiumKBO/BCE: BE 1019.729.524

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 31-07-2026 at the NBB

Turnover
≈ €260,000
Estimated: probably between €170,000 and €340,000
Total assets
€72,327
Net result
€12,186
Working capital
-€32,164

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
Assets €72,327
Fixed assets €44,351
Current assets €27,977
Equity and liabilities €72,327
Equity €12,186
Debt €60,141
Debt's share of the balance-sheet total is 83.2%.
Key figures and ratios
2025 value
EBITDA
€22,802
Cash flow
€19,106
Current ratio
0.47
Debt to equity
4.94
ROE
100.0%
ROA
16.8%
Interest coverage
45.81
Debt ≤ 1 year
€60,141
Income taxes
€3,202
Staff costs
€23,166

Staff

social balance sheet
Item31-12-2025
Employees at the balance-sheet date1
full-time0
part-time1
in full-time equivalents0.5
Average over the year, in full-time equivalents0.7
On a permanent contract1
Joined3
Left2

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€51,270
Depreciation and write-downs of the year€6,919

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€72,327
Fixed assets21/28€44,351
Tangible fixed assets22/27€44,351
Plant, machinery and equipment23€7,287
Furniture and vehicles24€37,064
Current assets29/58€27,977
Amounts receivable within one year40/41€13,901
Trade receivables40€9,019
Other amounts receivable41€4,882
Cash at bank and in hand54/58€11,148
Deferred charges and accrued income490/1€2,927
Equity and liabilities
Total equity and liabilities10/49€72,327
Equity10/15€12,186
Profit (loss) carried forward14€12,186
Amounts payable17/49€60,141
Amounts payable within one year42/48€60,141
Trade debts44€21,574
Suppliers440/4€21,574
Taxes, remuneration and social security45€22,483
Taxes450/3€3,202
Remuneration and social security454/9€19,281
Other amounts payable47/48€16,083
Income statement Code2025
Remuneration, social security and pensions62€23,166
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,919
Other operating charges640/8€1,753
Gross operating margin9900€47,721
Operating profit (loss)9901€15,883
Financial income75/76B€3
Recurring financial income75€3
Financial charges65/66B€498
Recurring financial charges65€498
Profit (loss) for the period before taxes9903€15,389
Income taxes67/77€3,202
Profit (loss) for the period9904€12,186
Profit (loss) for the period to be appropriated9905€12,186
Appropriation of the result
Profit (loss) to be appropriated9906€12,186

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Line2025
Remuneration, social security and pensions62€23,166
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,919
Other operating charges640/8€1,753
Gross operating margin9900€47,721
Operating profit (loss)9901€15,883
Financial income75/76B€3
Recurring financial income75€3
Financial charges65/66B€498
Recurring financial charges65€498
Profit (loss) for the period before taxes9903€15,389
Income taxes67/77€3,202
Profit (loss) for the period9904€12,186
Profit (loss) for the period to be appropriated9905€12,186
Line2025
Assets
Total assets20/58€72,327
Fixed assets21/28€44,351
Tangible fixed assets22/27€44,351
Plant, machinery and equipment23€7,287
Furniture and vehicles24€37,064
Current assets29/58€27,977
Amounts receivable within one year40/41€13,901
Trade receivables40€9,019
Other amounts receivable41€4,882
Cash at bank and in hand54/58€11,148
Deferred charges and accrued income490/1€2,927
Equity and liabilities
Total equity and liabilities10/49€72,327
Equity10/15€12,186
Profit (loss) carried forward14€12,186
Amounts payable17/49€60,141
Amounts payable within one year42/48€60,141
Trade debts44€21,574
Suppliers440/4€21,574
Taxes, remuneration and social security45€22,483
Taxes450/3€3,202
Remuneration and social security454/9€19,281
Other amounts payable47/48€16,083
Line2025
Profit (loss) for the period9904€12,186
+ Depreciation and write-downs630€6,919
Operating cash flow (approximation)€19,106

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,390 companies had the same profile as BKL SERVICES has now. Two years later, 96.7% were still going and 1.2% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
96.7% was still going
2.0% stopped otherwise
1.2% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of BKL SERVICES itself is higher: 2.0% within 12 months. It rests on far more data about BKL SERVICES than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,390 companies, not a prediction for BKL SERVICES. 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 (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00366250 PDF

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