BLOEMKABOUTER
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 16 filings
Turnover
≈ €270,000
Estimated: probably between €130,000 and €590,000
Total assets
€105,966▲ 15.2%
2024 · €92,006
Net result
€5,197▼ 41.6%
2024 · €8,899
Working capital
€33,449▼ 4.5%
2024 · €35,033
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€9,619
▼ 42.1%
2025
20182025
Net result
€5,197
▼ 41.6%
2025
middle half of the sector
20182025
Equity
€48,694
▲ 11.9%
2025
middle half of the sector
20182025
Total assets
€105,966
▲ 15.2%
2025
middle half of the sector
20182025
Debt
€57,272
▲ 18.1%
2025
20182025
Working capital
€33,449
▼ 4.5%
2025
middle half of the sector
20182025
Solvency
46.0%
▼ 1.3pp
2025
middle half of the sector
20182025
Current ratio
1.85
▲ 0.12
2025
middle half of the sector
20182025
Return on assets (ROA)
4.9%
▼ 4.8pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€8,289-€5,458▼ 34.2%€32,135▲ 489%€19,314▼ 39.9%€14,196▼ 26.5%€9,551▼ 32.7%€16,614▲ 73.9%€9,619▼ 42.1%
Net result€165-€623▲ 278%€22,438within the sector's middle half▲ 36×€12,410within the sector's middle half▼ 44.7%€9,113within the sector's middle half▼ 26.6%€3,525within the sector's middle half▼ 61.3%€8,899within the sector's middle half▲ 152%€5,197within the sector's middle half▼ 41.6%
Equity-€5,510--€4,887▲ 11.3%€17,551within the sector's middle half€21,960within the sector's middle half▲ 25.1%€31,073within the sector's middle half▲ 41.5%€34,598within the sector's middle half▲ 11.3%€43,497within the sector's middle half▲ 25.7%€48,694within the sector's middle half▲ 11.9%
Total assets€33,227-€29,438▼ 11.4%€50,468below the sector's middle half▲ 71.4%€60,824below the sector's middle half▲ 20.5%€66,967within the sector's middle half▲ 10.1%€130,736within the sector's middle half▲ 95.2%€92,006within the sector's middle half▼ 29.6%€105,966within the sector's middle half▲ 15.2%
Debt€38,737-€34,325▼ 11.4%€32,917▼ 4.1%€38,864▲ 18.1%€35,894▼ 7.6%€96,138▲ 168%€48,509▼ 49.5%€57,272▲ 18.1%
Working capital-€13,484--€6,149▲ 54.4%€13,150within the sector's middle half€16,483within the sector's middle half▲ 25.3%€25,318within the sector's middle half▲ 53.6%€31,015within the sector's middle half▲ 22.5%€35,033within the sector's middle half▲ 13.0%€33,449within the sector's middle half▼ 4.5%
Solvency-16.6%--16.6%=34.8%within the sector's middle half▲ 51.4pp36.1%within the sector's middle half▲ 1.3pp46.4%within the sector's middle half▲ 10.3pp26.5%within the sector's middle half▼ 19.9pp47.3%within the sector's middle half▲ 20.8pp46.0%within the sector's middle half▼ 1.3pp
Current ratio0.65-0.77▲ 0.121.52within the sector's middle half▲ 0.751.47within the sector's middle half▼ 0.051.72within the sector's middle half▲ 0.251.32within the sector's middle half▼ 0.401.73within the sector's middle half▲ 0.401.85within the sector's middle half▲ 0.12
Return on assets (ROA)0.5%-2.1%▲ 1.6pp44.5%above the sector's middle half▲ 42.3pp20.4%above the sector's middle half▼ 24.1pp13.6%above the sector's middle half▼ 6.8pp2.7%within the sector's middle half▼ 10.9pp9.7%within the sector's middle half▲ 7.0pp4.9%within the sector's middle half▼ 4.8pp
Staff (FTE)0.8-0.6▼ 25.0%0.1below the sector's middle half▼ 83.3%0.1=0.2▲ 100%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 42% lower than 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,966
Fixed assets
€33,028 ▲ 275%
Current assets
€72,938 ▼ 12.3%
Equity and liabilities €105,966
Equity
€48,694 ▲ 11.9%
Debt
€57,272 ▲ 18.1%
Debt's share of the balance-sheet total rises from 52.7% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,729▼
2024 · €19,898
Cash flow
€9,308▼
2024 · €12,183
Quick ratio
1.77▲
2024 · 1.63
Debt to equity
1.18▲
2024 · 1.12
ROE
10.7%▼
2024 · 20.5%
Interest coverage
3.82▼
2024 · 3.83
Debt ≤ 1 year
€39,489▼
2024 · €48,162
Debt > 1 year
€17,783▲
2024 · €347
Income taxes
€2,773▼
2024 · €4,787
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Average over the year, in full-time equivalents | 0.1 | 0.2 |
| Joined | 52 | 37 |
| Left | 52 | 37 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,864 | €2,459 | €49,266 | €8,249 | €29,159 |
| Depreciation and write-downs of the year | €3,936 | €3,722 | €3,634 | €3,284 | €4,110 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €5,361 | €4,211 | -€12 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,372 | €5,010 | €2,686 | €3,936 | €3,722 | €3,634 | €3,284 | €4,110 | ▲ 25.2% |
| Other operating charges640/8 | - | - | - | €3,034 | €3,277 | €2,628 | €3,091 | €2,818 | ▼ 8.8% |
| Gross operating margin9900 | €42,672 | €32,909 | €41,747 | €31,646 | €25,407 | €15,800 | €22,990 | €16,547 | ▼ 28.0% |
| Operating profit (loss)9901 | €8,289 | €5,458 | €32,135 | €19,314 | €14,196 | €9,551 | €16,614 | €9,619 | ▼ 42.1% |
| Financial income75/76B | - | - | - | €907 | €1,182 | €1,390 | €2,263 | €1,947 | ▼ 14.0% |
| Recurring financial income75 | €608 | €547 | €1,905 | €907 | €1,182 | €1,390 | €2,263 | €1,947 | ▼ 14.0% |
| Financial charges65/66B | - | - | - | €3,764 | €3,287 | €5,861 | €5,192 | €3,596 | ▼ 30.7% |
| Recurring financial charges65 | €8,096 | €3,776 | €4,222 | €3,764 | €3,287 | €5,861 | €5,192 | €3,596 | ▼ 30.7% |
| Profit (loss) for the period before taxes9903 | €802 | €2,229 | €29,818 | €16,458 | €12,091 | €5,080 | €13,686 | €7,970 | ▼ 41.8% |
| Income taxes67/77 | €637 | €1,606 | €7,381 | €4,048 | €2,978 | €1,555 | €4,787 | €2,773 | ▼ 42.1% |
| Profit (loss) for the period9904 | €165 | €623 | €22,438 | €12,410 | €9,113 | €3,525 | €8,899 | €5,197 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €165 | €623 | €22,438 | €12,410 | €9,113 | €3,525 | €8,899 | €5,197 | ▼ 41.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €33,227 | €29,438 | €50,468 | €60,824 | €66,967 | €130,736 | €92,006 | €105,966 | ▲ 15.2% |
| Fixed assets21/28 | €7,974 | €8,671 | €12,001 | €9,582 | €6,519 | €3,846 | €8,811 | €33,028 | ▲ 275% |
| Intangible fixed assets21 | €313 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €7,662 | €8,671 | €12,001 | €9,582 | €6,519 | €3,846 | €8,811 | €33,028 | ▲ 275% |
| Plant, machinery and equipment23 | - | - | - | €4,303 | €3,656 | €3,363 | €3,688 | €7,098 | ▲ 92.5% |
| Furniture and vehicles24 | - | - | - | €1,767 | €1,108 | €482 | €5,123 | €3,788 | ▼ 26.0% |
| Leasing and similar rights25 | - | - | - | €3,511 | €1,756 | - | - | €22,142 | - |
| Current assets29/58 | €25,253 | €20,767 | €38,467 | €51,243 | €60,447 | €126,890 | €83,195 | €72,938 | ▼ 12.3% |
| Stocks and contracts in progress3 | €5,529 | €5,335 | €4,689 | €4,729 | €4,424 | €5,075 | €4,824 | €3,236 | ▼ 32.9% |
| Stocks30/36 | - | - | - | €4,729 | €4,424 | €5,075 | €4,824 | €3,236 | ▼ 32.9% |
| Amounts receivable within one year40/41 | €11,526 | €10,373 | €22,029 | €23,339 | €34,389 | €54,919 | €51,090 | €53,836 | ▲ 5.4% |
| Trade receivables40 | - | - | - | €616 | €6,146 | €37 | €8,331 | €2,937 | ▼ 64.8% |
| Other amounts receivable41 | - | - | - | €22,723 | €28,243 | €54,882 | €42,759 | €50,899 | ▲ 19.0% |
| Cash at bank and in hand54/58 | €7,991 | €5,059 | €11,200 | €23,175 | €21,634 | €65,862 | €26,281 | €15,867 | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,034 | €1,000 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €33,227 | €29,438 | €50,468 | €60,824 | €66,967 | €130,736 | €92,006 | €105,966 | ▲ 15.2% |
| Equity10/15 | -€5,510 | -€4,887 | €17,551 | €21,960 | €31,073 | €34,598 | €43,497 | €48,694 | ▲ 11.9% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | - | - | - | €1,860 | €1,860 | €1,860 | €10,759 | €15,956 | ▲ 48.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | €8,899 | €14,096 | ▲ 58.4% |
| Profit (loss) carried forward14 | -€11,760 | -€11,137 | €11,301 | €13,850 | €22,963 | €26,488 | €26,488 | €26,488 | = |
| Amounts payable17/49 | €38,737 | €34,325 | €32,917 | €38,864 | €35,894 | €96,138 | €48,509 | €57,272 | ▲ 18.1% |
| Amounts payable after more than one year17 | - | €6,092 | €7,380 | €4,105 | €765 | - | €347 | €17,783 | ▲ 51× |
| Financial debts170/4 | - | - | - | €4,105 | €765 | - | €347 | €17,783 | ▲ 51× |
| Amounts payable within one year42/48 | €38,737 | €26,915 | €25,317 | €34,759 | €35,129 | €95,876 | €48,162 | €39,489 | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,275 | €3,340 | €765 | €4,063 | €8,660 | ▲ 113% |
| Trade debts44 | €31,250 | €21,681 | €14,207 | €18,406 | €23,933 | €93,458 | €37,668 | €23,137 | ▼ 38.6% |
| Suppliers440/4 | - | - | - | €18,406 | €23,933 | €93,458 | €37,668 | €23,137 | ▼ 38.6% |
| Taxes, remuneration and social security45 | - | - | - | €13,078 | €7,856 | €1,652 | €6,431 | €7,693 | ▲ 19.6% |
| Taxes450/3 | - | - | - | €12,960 | €7,856 | €1,652 | €6,431 | €7,693 | ▲ 19.6% |
| Remuneration and social security454/9 | - | - | - | €118 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €263 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165 | €623 | €22,438 | €12,410 | €9,113 | €3,525 | €8,899 | €5,197 | ▼ 41.6% |
| + Depreciation and write-downs630 | €12,372 | €5,010 | €2,686 | €3,936 | €3,722 | €3,634 | €3,284 | €4,110 | ▲ 25.2% |
| Operating cash flow (approximation) | €12,537 | €5,633 | €25,124 | €16,346 | €12,835 | €7,159 | €12,183 | €9,308 | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | -€5,707 | -€6,016 | -€1,517 | -€660 | -€960 | -€8,249 | -€28,328 | ▼ 243% |
| Change in cash | - | -€2,932 | €6,142 | €11,974 | -€1,541 | €44,228 | -€39,581 | -€10,414 | ▲ 73.7% |
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, 10,904 companies had the same profile as BLOEMKABOUTER has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of BLOEMKABOUTER itself: 0.4% 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 10,904 companies, not a prediction for BLOEMKABOUTER. 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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00304784 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00297450 | |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00281320 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00254606 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20184203 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33400410 | |
| 31-12-2019 | micro format | 03-07-2020 | 2020-25900088 | |
| 31-12-2018 | micro format | 03-07-2019 | 2019-28300201 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-38500357 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-27700501 |