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Bodur

Active
Private limited companyfounded 2024active for 2 yearsMorekstraat 170, 9032 Gent, BelgiumKBO/BCE: BE 1014.977.910

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 33 days after the deadline Filed on 2 June 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00132701.

Annual accounts 2025 filed on 02-06-2026 at the NBB

Turnover
≈ €230,000
Estimated: probably between €180,000 and €320,000
Total assets
€56,253
Net result
€13,133
Working capital
€20,044

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €55,064
Fixed assets €1,900
Current assets €53,163
Equity and liabilities €56,253
Equity €23,133
Debt €33,119
Debt's share of the balance-sheet total is 58.9%.
Key figures and ratios
2025 value
Current ratio
1.61
Quick ratio
1.45
Debt to equity
1.43
ROE
56.8%
ROA
23.3%
Debt ≤ 1 year
€33,119
Income taxes
€4,756
Staff costs
€21,546

Investments

fixed assets acquired
Item30-09-2025
Tangible fixed assets€1,900

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

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€56,253
Formation expenses20€1,189
Fixed assets21/28€1,900
Tangible fixed assets22/27€1,900
Plant, machinery and equipment23€1,900
Current assets29/58€53,163
Stocks and contracts in progress3€5,255
Stocks30/36€5,255
Amounts receivable within one year40/41€15,095
Trade receivables40€12,133
Other amounts receivable41€2,962
Cash at bank and in hand54/58€32,814
Equity and liabilities
Total equity and liabilities10/49€56,253
Equity10/15€23,133
Contributions10/11€10,000
Capital10€10,000
Issued capital100€10,000
Profit (loss) carried forward14€13,133
Amounts payable17/49€33,119
Amounts payable within one year42/48€33,119
Trade debts44€22,818
Suppliers440/4€22,818
Taxes, remuneration and social security45€10,302
Taxes450/3€6,406
Remuneration and social security454/9€3,896
Income statement Code2025
Remuneration, social security and pensions62€21,546
Other operating charges640/8€4,469
Gross operating margin9900€44,255
Operating profit (loss)9901€18,241
Financial income75/76B€59
Recurring financial income75€59
Financial charges65/66B€410
Recurring financial charges65€410
Profit (loss) for the period before taxes9903€17,889
Income taxes67/77€4,756
Profit (loss) for the period9904€13,133
Profit (loss) for the period to be appropriated9905€13,133
Appropriation of the result
Profit (loss) to be appropriated9906€13,133

The notes to these accounts have 2 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 02-06-2026.

Line2025
Remuneration, social security and pensions62€21,546
Other operating charges640/8€4,469
Gross operating margin9900€44,255
Operating profit (loss)9901€18,241
Financial income75/76B€59
Recurring financial income75€59
Financial charges65/66B€410
Recurring financial charges65€410
Profit (loss) for the period before taxes9903€17,889
Income taxes67/77€4,756
Profit (loss) for the period9904€13,133
Profit (loss) for the period to be appropriated9905€13,133
Line2025
Assets
Total assets20/58€56,253
Formation expenses20€1,189
Fixed assets21/28€1,900
Tangible fixed assets22/27€1,900
Plant, machinery and equipment23€1,900
Current assets29/58€53,163
Stocks and contracts in progress3€5,255
Stocks30/36€5,255
Amounts receivable within one year40/41€15,095
Trade receivables40€12,133
Other amounts receivable41€2,962
Cash at bank and in hand54/58€32,814
Equity and liabilities
Total equity and liabilities10/49€56,253
Equity10/15€23,133
Contributions10/11€10,000
Capital10€10,000
Issued capital100€10,000
Profit (loss) carried forward14€13,133
Amounts payable17/49€33,119
Amounts payable within one year42/48€33,119
Trade debts44€22,818
Suppliers440/4€22,818
Taxes, remuneration and social security45€10,302
Taxes450/3€6,406
Remuneration and social security454/9€3,896
Line2025
Profit (loss) for the period9904€13,133
Operating cash flow (approximation)€13,133

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, 39,278 companies had the same profile as Bodur has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Bodur itself: 2.0% 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.

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 39,278 companies, not a prediction for Bodur. 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
30-09-2025 abbreviated format 02-06-2026 2026-00132701 PDF

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