bOneA
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 17-09-2026 at the NBB all 27 filings
Turnover
€423,474▼ 10.0%
2025 · €470,324
EBIT margin
13.7%▼ 9.5pp
2025 · 23.2%
Net result
€27,950▼ 53.7%
2025 · €60,349
Working capital
-€34,103
2025 · €116,679
Multi-year overview
2019 to 2026, 8 financial yearsTurnover
€423,474
▼ 10.0%
2026
20192026
Operating result
€58,105
▼ 46.8%
2026
20192026
Net result
€27,950
▼ 53.7%
2026
20192026
EBIT margin
13.7%
▼ 9.5pp
2026
20192026
Equity
€471,499
▲ 6.3%
2026
20192026
Total assets
€966,099
▲ 13.0%
2026
20192026
Debt
€494,601
▲ 20.1%
2026
20192026
Working capital
-€34,103
2026
20192026
Solvency
48.8%
▼ 3.1pp
2026
20192026
Current ratio
0.89
▼ 0.83
2026
20192026
Return on assets (ROA)
2.9%
▼ 4.2pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€0.3m-€0.3m=€0.3m▼ 13.4%€0.4m▲ 19.1%€0.5m€0.4m▼ 10.0%
Operating result€0.08m-€0.09m▲ 9.6%€0.02m▼ 71.6%€0.1m▲ 345%-€221€0.04m€0.1m▲ 143%€0.06m▼ 46.8%
Net result€0.05m-€0.05m▲ 6.5%€0.007mwithin the sector's middle half▼ 86.1%€0.05mwithin the sector's middle half▲ 589%-€0.03mbelow the sector's middle half€0.01mwithin the sector's middle half€0.06mwithin the sector's middle half▲ 503%€0.03m▼ 53.7%
EBIT margin23.0%-25.2%▲ 2.2pp8.3%▼ 16.9pp30.9%▲ 22.6pp23.2%13.7%▼ 9.5pp
Equity€0.3m-€0.3m▲ 17.6%€0.3mwithin the sector's middle half▲ 2.1%€0.4mwithin the sector's middle half▲ 14.0%€0.4mwithin the sector's middle half▼ 6.3%€0.4mwithin the sector's middle half▲ 2.7%€0.4mwithin the sector's middle half▲ 15.7%€0.5m▲ 6.3%
Total assets€0.7m-€0.7m▲ 11.3%€0.8mwithin the sector's middle half▲ 10.0%€1.3mwithin the sector's middle half▲ 55.8%€1.1mwithin the sector's middle half▼ 14.3%€1.3mwithin the sector's middle half▲ 17.8%€0.9mwithin the sector's middle half▼ 32.6%€1.0m▲ 13.0%
Debt€0.4m-€0.4m▲ 6.4%€0.5m▲ 16.9%€0.9m▲ 87.6%€0.7m▼ 18.0%€0.9m▲ 25.8%€0.4m▼ 53.5%€0.5m▲ 20.1%
Working capital-€0.07m--€0.02m▲ 79.5%-€0.2mbelow the sector's middle half▼ 1,235%-€0.1mbelow the sector's middle half▲ 32.4%-€0.2mbelow the sector's middle half▼ 30.8%-€0.2mbelow the sector's middle half▼ 28.0%€0.1mwithin the sector's middle half-€0.03m
Solvency44.1%-46.6%▲ 2.5pp43.3%within the sector's middle half▼ 3.4pp31.7%within the sector's middle half▼ 11.6pp34.6%within the sector's middle half▲ 3.0pp30.2%within the sector's middle half▼ 4.4pp51.9%within the sector's middle half▲ 21.7pp48.8%▼ 3.1pp
Current ratio0.75-0.96▲ 0.210.53below the sector's middle half▼ 0.420.84within the sector's middle half▲ 0.310.75within the sector's middle half▼ 0.100.74within the sector's middle half=1.72within the sector's middle half▲ 0.980.89▼ 0.83
Return on assets (ROA)7.3%-7.0%▼ 0.3pp0.9%within the sector's middle half▼ 6.1pp3.9%within the sector's middle half▲ 3.0pp-2.3%below the sector's middle half▼ 6.2pp0.8%within the sector's middle half▲ 3.1pp7.1%within the sector's middle half▲ 6.3pp2.9%▼ 4.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2026 is 47% lower than in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €966,099
Fixed assets
€696,952 ▲ 20.8%
Current assets
€269,148 ▼ 3.4%
Equity and liabilities €966,099
Equity
€471,499 ▲ 6.3%
Debt
€494,601 ▲ 20.1%
Debt's share of the balance-sheet total rises from 48.1% to 51.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158,757▼
2025 · €190,109
Cash flow
€128,603▼
2025 · €141,330
Quick ratio
0.34▼
2025 · 0.90
Debt to equity
1.05▲
2025 · 0.93
ROE
5.9%▼
2025 · 13.6%
Interest coverage
8.95▲
2025 · 5.83
Debt ≤ 1 year
€303,250▲
2025 · €161,847
Debt > 1 year
€186,283▼
2025 · €244,140
Income taxes
€13,281▼
2025 · €34,313
Customer credit
40 days▲
2025 · 26 days
Supplier credit
76 days▲
2025 · 14 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €82,959 | €60,000 | - | €360,000 | €304,140 |
| Mortgages, amount registered | €375,000 | €375,000 | - | €742,500 | €350,928 |
| Carrying value of the mortgaged assets | €469,108 | €469,552 | - | €444,549 | €423,045 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €29,891 | €81,275 | €159,654 | €41,036 | €220,841 |
| Financial fixed assets | - | - | €3,100 | - | - |
| Depreciation and write-downs of the year | €67,637 | €64,253 | €54,850 | €80,981 | €100,652 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €342,008 | €342,008 | €296,175 | €352,620 | - | - | €470,324 | €423,474 | ▼ 10.0% |
| Non-recurring operating income76A | - | - | - | - | - | €72 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €204,472 | - | - | €275,819 | €273,161 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,267 | €69,465 | €78,473 | €67,637 | €64,253 | €54,850 | €80,981 | €100,652 | ▲ 24.3% |
| Other operating charges640/8 | - | - | - | €1,692 | €2,622 | €8,159 | €15,881 | €6,018 | ▼ 62.1% |
| Non-recurring operating charges66A | - | - | - | - | - | €4,288 | €11,600 | - | - |
| Gross operating margin9900 | €147,346 | €156,958 | €104,706 | €178,148 | €66,654 | €112,175 | €217,590 | €164,775 | ▼ 24.3% |
| Operating profit (loss)9901 | €78,504 | €86,042 | €24,472 | €108,819 | -€221 | €44,879 | €109,128 | €58,105 | ▼ 46.8% |
| Financial income75/76B | - | - | - | €10,515 | €9,459 | €8,418 | €18,157 | €870 | ▼ 95.2% |
| Recurring financial income75 | €3,939 | €4,807 | €5,198 | €10,515 | €9,459 | €8,418 | €6,288 | €870 | ▼ 86.2% |
| Non-recurring financial income76B | - | - | - | - | - | - | €11,870 | - | - |
| Financial charges65/66B | - | - | - | €28,186 | €33,971 | €42,782 | €32,623 | €17,744 | ▼ 45.6% |
| Recurring financial charges65 | €12,770 | €11,745 | €18,985 | €28,186 | €33,971 | €39,682 | €32,623 | €17,744 | ▼ 45.6% |
| Non-recurring financial charges66B | - | - | - | - | - | €3,100 | - | - | - |
| Profit (loss) for the period before taxes9903 | €69,674 | €70,529 | €10,685 | €91,148 | -€24,734 | €10,514 | €94,662 | €41,231 | ▼ 56.4% |
| Income taxes67/77 | €21,524 | €19,259 | €3,577 | €42,181 | €502 | €510 | €34,313 | €13,281 | ▼ 61.3% |
| Profit (loss) for the period9904 | €48,149 | €51,270 | €7,108 | €48,967 | -€25,236 | €10,004 | €60,349 | €27,950 | ▼ 53.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €62,016 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €42,296 | €45,153 | €7,108 | €110,983 | -€25,236 | €10,004 | €60,349 | €27,950 | ▼ 53.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.7m | €0.8m | €1.3m | €1.1m | €1.3m | €0.9m | €1.0m | ▲ 13.0% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.6m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 20.8% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.6m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 20.8% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.05m | €0.05m | €0.04m | €0.2m | ▲ 461% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.07m | €0.2m | €0.1m | €0.09m | ▼ 29.8% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.2% |
| Financial fixed assets28 | €0.009m | €300 | €300 | €0.001m | €0.001m | €0.001m | €50 | €50 | = |
| Current assets29/58 | €0.2m | €0.3m | €0.2m | €0.7m | €0.5m | €0.7m | €0.3m | €0.3m | ▼ 3.4% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.2m | €0.3m | €233 | €0.02m | ▲ 83× |
| Other amounts receivable291 | - | - | - | €0.2m | €0.2m | €0.3m | €233 | €0.02m | ▲ 83× |
| Stocks and contracts in progress3 | €0.008m | €0.04m | €0.04m | €0.05m | €0.05m | €0.1m | €0.1m | €0.2m | ▲ 25.9% |
| Stocks30/36 | - | - | - | €0.05m | €0.05m | €0.1m | €0.1m | €0.2m | ▲ 25.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.03m | €0.5m | €0.2m | €0.2m | €0.04m | €0.06m | ▲ 50.8% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.1m | €0.03m | €0.05m | ▲ 35.7% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.05m | €0.07m | €0.006m | €0.01m | ▲ 143% |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.008m | €0.01m | €0.005m | €0.008m | €0.1m | €0.02m | ▼ 85.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.003m | €0.01m | €0.003m | €0.008m | ▲ 160% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €0.8m | €1.3m | €1.1m | €1.3m | €0.9m | €1.0m | ▲ 13.0% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 6.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 10.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 10.4% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable17/49 | €0.4m | €0.4m | €0.5m | €0.9m | €0.7m | €0.9m | €0.4m | €0.5m | ▲ 20.1% |
| Amounts payable after more than one year17 | €0.07m | €0.05m | €0.02m | - | - | - | €0.2m | €0.2m | ▼ 23.7% |
| Financial debts170/4 | - | - | - | - | - | - | €0.2m | €0.2m | ▼ 23.7% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.4m | €0.9m | €0.7m | €0.9m | €0.2m | €0.3m | ▲ 87.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | - | - | €0.06m | €0.06m | ▲ 3.6% |
| Financial debts43 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Credit institutions430/8 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Trade debts44 | €0.004m | €0.03m | €0.006m | €0.001m | €0.009m | €0.02m | €0.01m | €0.06m | ▲ 436% |
| Suppliers440/4 | - | - | - | €0.001m | €0.009m | €0.02m | €0.01m | €0.06m | ▲ 436% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 9.4% |
| Taxes450/3 | - | - | - | €0.06m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 15.0% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 1.4% |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.6m | €0.8m | - | €0.1m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.007m | €0.007m | €0.006m | €0.005m | ▼ 11.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,149 | €51,270 | €7,108 | €48,967 | -€25,236 | €10,004 | €60,349 | €27,950 | ▼ 53.7% |
| + Depreciation and write-downs630 | €57,267 | €69,465 | €78,473 | €67,637 | €64,253 | €54,850 | €80,981 | €100,652 | ▲ 24.3% |
| Operating cash flow (approximation) | €105,416 | €120,735 | €85,582 | €116,605 | €39,016 | €64,854 | €141,330 | €128,603 | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | -€39,005 | -€243,777 | -€30,141 | -€81,275 | -€114,871 | -€40,536 | -€220,841 | ▼ 445% |
| Change in cash | - | -€3,380 | -€22,169 | €5,126 | -€8,684 | €2,988 | €95,397 | -€87,847 | - |
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, 14,766 companies had the same profile as bOneA has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of bOneA itself: 0.2% 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 14,766 companies, not a prediction for bOneA. 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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 17-09-2026 | 2026-00516663 | |
| 31-03-2025 | abbreviated format | 16-09-2025 | 2025-00493981 | |
| 31-03-2024 | abbreviated format | 26-09-2024 | 2024-00474355 | |
| 31-03-2023 | abbreviated format | 28-09-2023 | 2023-00458001 | |
| 31-03-2022 | abbreviated format | 27-09-2022 | 2022-20438616 | |
| 31-03-2021 | abbreviated format | 15-09-2021 | 2021-67200438 | |
| 31-03-2020 | abbreviated format | 23-10-2020 | 2020-63000482 | |
| 31-03-2019 | abbreviated format | 25-10-2019 | 2019-71300592 | |
| 31-03-2018 | abbreviated format | 22-10-2018 | 2018-69800096 | |
| 31-03-2017 | abbreviated format | 26-10-2017 | 2017-67900380 |