BMLW
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 11% higher than in 2024 and the highest since 2023. It is the second rise 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 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €27,925 | - | €6,559 |
| Depreciation and write-downs of the year | €7,805 | €5,585 | €6,764 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €532 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,805 | €5,585 | €6,764 | ▲ 21.1% |
| Other operating charges640/8 | €62 | €212 | €599 | ▲ 183% |
| Gross operating margin9900 | €80,718 | €121,173 | €135,606 | ▲ 11.9% |
| Operating profit (loss)9901 | €72,318 | €115,376 | €128,243 | ▲ 11.2% |
| Financial income75/76B | €3,122 | €2,547 | €2,600 | ▲ 2.1% |
| Recurring financial income75 | €3,122 | €2,547 | €2,600 | ▲ 2.1% |
| Financial charges65/66B | €87 | €48 | €47 | ▼ 3.1% |
| Recurring financial charges65 | €87 | €48 | €47 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €75,354 | €117,875 | €130,796 | ▲ 11.0% |
| Income taxes67/77 | €20,300 | €34,052 | €37,251 | ▲ 9.4% |
| Profit (loss) for the period9904 | €55,054 | €83,823 | €93,546 | ▲ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €55,054 | €83,823 | €93,546 | ▲ 11.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €164,666 | €220,602 | €257,846 | ▲ 16.9% |
| Fixed assets21/28 | €20,120 | €14,535 | €14,330 | ▼ 1.4% |
| Tangible fixed assets22/27 | €20,120 | €14,535 | €14,330 | ▼ 1.4% |
| Plant, machinery and equipment23 | - | - | €5,380 | - |
| Furniture and vehicles24 | €20,120 | €14,535 | €8,950 | ▼ 38.4% |
| Current assets29/58 | €144,547 | €206,068 | €243,516 | ▲ 18.2% |
| Amounts receivable within one year40/41 | €9,873 | €12,890 | €155,293 | ▲ 12× |
| Trade receivables40 | €329 | €10,931 | €8,160 | ▼ 25.3% |
| Other amounts receivable41 | €9,545 | €1,960 | €147,133 | ▲ 75× |
| Current investments50/53 | - | €150,000 | €75,000 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €134,673 | €43,178 | €13,223 | ▼ 69.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €164,666 | €220,602 | €257,846 | ▲ 16.9% |
| Equity10/15 | €62,554 | €146,376 | €239,922 | ▲ 63.9% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | €54,000 | €136,000 | €229,000 | ▲ 68.4% |
| Non-distributable reserves130/1 | €54,000 | - | - | - |
| Other1319 | €54,000 | - | - | - |
| Distributable reserves133 | - | €136,000 | €229,000 | ▲ 68.4% |
| Profit (loss) carried forward14 | €1,054 | €2,876 | €3,422 | ▲ 19.0% |
| Amounts payable17/49 | €102,113 | €74,226 | €17,924 | ▼ 75.9% |
| Amounts payable within one year42/48 | €102,113 | €74,226 | €17,924 | ▼ 75.9% |
| Trade debts44 | - | €22,647 | €3,166 | ▼ 86.0% |
| Suppliers440/4 | - | €22,647 | €3,166 | ▼ 86.0% |
| Advances received on contracts in progress46 | €57,597 | - | - | - |
| Taxes, remuneration and social security45 | €23,064 | €40,355 | €12,258 | ▼ 69.6% |
| Taxes450/3 | €20,300 | €38,627 | €9,529 | ▼ 75.3% |
| Remuneration and social security454/9 | €2,764 | €1,729 | €2,729 | ▲ 57.9% |
| Other amounts payable47/48 | €21,451 | €11,224 | €2,500 | ▼ 77.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,054 | €83,823 | €93,546 | ▲ 11.6% |
| + Depreciation and write-downs630 | €7,805 | €5,585 | €6,764 | ▲ 21.1% |
| Operating cash flow (approximation) | €62,859 | €89,408 | €100,309 | ▲ 12.2% |
| Investment in fixed assets (approximation) | - | €0 | -€6,559 | - |
| Change in cash | - | -€91,496 | -€29,954 | ▲ 67.3% |
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, 26,972 companies had the same profile as BMLW has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BMLW itself: 1.0% 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 26,972 companies, not a prediction for BMLW. 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.