BLICVELT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-01-2026 PDF all 5 filings
Every figure per financial year
The operating result for 2025 is 52% higher than in 2024. It is a recovery after the fall 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €1,260 | €1,668 | €998 | ▼ 40.1% |
| Gross operating margin9900 | -€6,857 | -€12,288 | €67,235 | €20,758 | €30,099 | ▲ 45.0% |
| Operating profit (loss)9901 | -€6,857 | -€12,288 | €65,975 | €19,090 | €29,101 | ▲ 52.4% |
| Financial charges65/66B | - | €1,469 | - | €896 | €931 | ▲ 3.9% |
| Recurring financial charges65 | €542 | €1,469 | - | €896 | €931 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | -€7,399 | -€13,757 | €65,975 | €18,194 | €28,170 | ▲ 54.8% |
| Income taxes67/77 | - | - | €8,868 | €3,838 | €7,695 | ▲ 100% |
| Profit (loss) for the period9904 | -€7,399 | -€13,757 | €57,107 | €14,356 | €20,475 | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | -€7,399 | -€13,757 | €57,107 | €14,356 | €20,475 | ▲ 42.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | ▲ 2.9% |
| Current assets29/58 | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | ▲ 2.9% |
| Stocks and contracts in progress3 | €0.03m | €0.4m | €0.9m | €0.7m | €0.5m | ▼ 34.2% |
| Stocks30/36 | - | €0.4m | €0.9m | €0.7m | €0.5m | ▼ 34.2% |
| Amounts receivable within one year40/41 | €0.004m | €0.002m | €0.01m | €0.03m | €0.01m | ▼ 51.1% |
| Other amounts receivable41 | - | €0.002m | €0.01m | €0.03m | €0.01m | ▼ 51.1% |
| Current investments50/53 | - | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.9m | €0.5m | €0.05m | €0.2m | €0.4m | ▲ 58.3% |
| Deferred charges and accrued income490/1 | - | €0.001m | - | €316 | €0.001m | ▲ 171% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | ▲ 2.9% |
| Equity10/15 | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 2.2% |
| Contributions10/11 | - | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Profit (loss) carried forward14 | -€0.007m | -€0.02m | €0.04m | €0.05m | €0.07m | ▲ 40.7% |
| Amounts payable17/49 | - | €0.004m | €0.07m | €0.001m | €0.009m | ▲ 535% |
| Amounts payable within one year42/48 | - | €0.004m | €0.07m | €0.001m | €0.009m | ▲ 535% |
| Trade debts44 | - | €0.004m | €0.01m | €0.001m | €0.001m | ▼ 11.7% |
| Suppliers440/4 | - | €0.004m | €0.01m | €0.001m | €0.001m | ▼ 11.7% |
| Taxes, remuneration and social security45 | - | - | €0.009m | €0 | €0.008m | - |
| Taxes450/3 | - | - | €0.009m | €0 | €0.008m | - |
| Other amounts payable47/48 | - | - | €0.05m | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,399 | -€13,757 | €57,107 | €14,356 | €20,475 | ▲ 42.6% |
| Operating cash flow (approximation) | -€7,399 | -€13,757 | €57,107 | €14,356 | €20,475 | ▲ 42.6% |
| Change in cash | - | -€399,011 | -€412,833 | €174,333 | €130,994 | ▼ 24.9% |
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, 1,639 companies had the same profile as BLICVELT has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BLICVELT 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 1,639 companies, not a prediction for BLICVELT. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 20-01-2026 | 2026-00012801 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00032512 | |
| 30-06-2023 | micro format | 13-02-2024 | 2024-00030454 | |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00006297 | |
| 30-06-2021 | micro format | 22-02-2022 | 2022-06200137 |