BONEMVELD
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 21 filings
Equity
€1.1m▼ 6.3%
2024 · €1.2m
Total assets
€1.4m▼ 12.1%
2024 · €1.6m
Net result
-€74,322
2024 · €8,417
Working capital
-€62,526
2024 · €22,576
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€81,014
2025
20182025
Net result
-€74,322
2025
20182025
Equity
€1.1m
▼ 6.3%
2025
20182025
Total assets
€1.4m
▼ 12.1%
2025
20182025
Debt
€164,757
▼ 40.3%
2025
20182025
Working capital
-€62,526
2025
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€0.2m-€0.08m▼ 56.9%€0.2m▲ 150%€0.3m▲ 38.9%€0.2m▼ 27.5%€0.1m▼ 35.9%€0.03m▼ 78.9%-€0.08m
Net result€0.03m-€0.05m▲ 60.0%€0.1m▲ 162%€0.2m▲ 43.2%€0.2m▼ 23.4%€0.08m▼ 45.3%€0.008m▼ 89.9%-€0.07m
Equity€0.9m-€0.8m▼ 7.2%€1.0m▲ 16.5%€1.1m▲ 15.9%€1.1m▼ 3.7%€1.2m▲ 7.6%€1.2m▲ 0.7%€1.1m▼ 6.3%
Total assets€1.6m-€1.6m▼ 1.4%€1.6m▼ 3.2%€1.6m▲ 2.0%€1.5m▼ 8.7%€1.7m▲ 16.6%€1.6m▼ 7.5%€1.4m▼ 12.1%
Debt€0.5m-€0.5m▲ 10.4%€0.4m▼ 33.3%€0.3m▼ 29.5%€0.2m▼ 6.0%€0.4m▲ 68.4%€0.3m▼ 32.2%€0.2m▼ 40.3%
Working capital€0.08m-€0.01m▼ 87.7%-€0.1m€0.02m€0.2m▲ 14×-€0.02m€0.02m-€0.06m
Staff (FTE)0.1
The operating result for 2025 is a loss of €81,014, after a profit of €28,518 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.3m ▼ 1.3%
Current assets
€102,231 ▼ 62.9%
Equity and liabilities €1.4m
Equity
€1.1m ▼ 6.3%
Provisions
€115,063 ▼ 4.2%
Debt
€164,757 ▼ 40.3%
Debt's share of the balance-sheet total falls from 17.5% to 11.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€25,361▼
2024 · €79,597
Cash flow
-€18,669▼
2024 · €59,496
Current ratio
0.62▼
2024 · 1.09
Debt to equity
0.15▼
2024 · 0.23
ROE
-6.7%▼
2024 · 0.7%
ROA
-5.4%▼
2024 · 0.5%
Interest coverage
-83.07▼
2024 · 3.45
Debt ≤ 1 year
€164,757▼
2024 · €253,202
Income taxes
€1,065▼
2024 · €9,122
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 0 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| Average over the year, in full-time equivalents | 0.1 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €836 | €15,854 | €393,981 | €28,220 | €38,765 |
| Depreciation and write-downs of the year | €39,277 | €28,551 | €82,183 | €51,079 | €55,653 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €103,283 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | €3,025 | €49,305 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,456 | €37,856 | €39,277 | €39,277 | €28,551 | €82,183 | €51,079 | €55,653 | ▲ 9.0% |
| Other operating charges640/8 | - | - | - | €1,493 | €6,315 | €6,487 | €6,379 | €9,290 | ▲ 45.7% |
| Gross operating margin9900 | €236,196 | €123,070 | €250,663 | €331,598 | €248,696 | €273,016 | €85,975 | -€16,070 | - |
| Operating profit (loss)9901 | €194,106 | €83,735 | €209,451 | €290,828 | €210,805 | €135,041 | €28,518 | -€81,014 | - |
| Financial income75/76B | - | - | - | €250 | €3,245 | €0 | €7,095 | €3,059 | ▼ 56.9% |
| Recurring financial income75 | €43 | €105 | €1 | €250 | €3,245 | €0 | €7,095 | €3,059 | ▼ 56.9% |
| Financial charges65/66B | - | - | - | €4,491 | €2,641 | €10,610 | €23,077 | €305 | ▼ 98.7% |
| Recurring financial charges65 | €108,489 | €5,694 | €10,754 | €4,491 | €2,641 | €10,610 | €23,077 | €305 | ▼ 98.7% |
| Profit (loss) for the period before taxes9903 | €85,661 | €78,146 | €198,698 | €286,586 | €211,409 | €124,431 | €12,536 | -€78,260 | - |
| Transfer from deferred taxes780 | - | - | - | €8,259 | €89,673 | €5,003 | €5,003 | €5,003 | = |
| Income taxes67/77 | €60,839 | €33,472 | €68,468 | €96,478 | €149,071 | €46,344 | €9,122 | €1,065 | ▼ 88.3% |
| Profit (loss) for the period9904 | €33,081 | €52,933 | €138,489 | €198,368 | €152,010 | €83,090 | €8,417 | -€74,322 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €16,040 | €174,148 | €9,716 | €9,716 | €9,716 | = |
| Profit (loss) for the period to be appropriated9905 | €49,121 | €68,973 | €154,529 | €214,408 | €326,158 | €92,805 | €18,132 | -€64,607 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.6m | €1.6m | €1.6m | €1.5m | €1.7m | €1.6m | €1.4m | ▼ 12.1% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.5m | €1.4m | €1.0m | €1.3m | €1.3m | €1.3m | ▼ 1.3% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.3m | €1.3m | €0.9m | €1.2m | €1.2m | €1.1m | ▼ 1.5% |
| Land and buildings22 | - | - | - | €1.3m | €0.9m | €1.2m | €1.1m | €1.1m | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.001m | €0.004m | €0.04m | ▲ 11× |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.02m | €0.01m | €0.03m | €0.02m | ▼ 27.0% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | €0.4m | €0.3m | €0.1m | ▼ 62.9% |
| Amounts receivable within one year40/41 | €0.1m | €0.004m | €0 | €0.05m | €0.05m | €0.1m | €0.2m | €0.01m | ▼ 92.9% |
| Trade receivables40 | - | - | - | €0.001m | €0.002m | €0.09m | €0.1m | €0.001m | ▼ 99.0% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.04m | €0.05m | €0.04m | €0.01m | ▼ 71.6% |
| Cash at bank and in hand54/58 | €0.07m | €0.2m | €0.09m | €0.1m | €0.4m | €0.2m | €0.09m | €0.09m | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | - | - | €250 | €0.007m | €0.001m | €0.01m | €0.003m | ▼ 73.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.6m | €1.6m | €1.5m | €1.7m | €1.6m | €1.4m | ▼ 12.1% |
| Equity10/15 | €0.9m | €0.8m | €1.0m | €1.1m | €1.1m | €1.2m | €1.2m | €1.1m | ▼ 6.3% |
| Contributions10/11 | €0.2m | €0 | - | €0.08m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.7m | €0.8m | €0.9m | €1.0m | €1.1m | €1.1m | €1.2m | €1.1m | ▼ 0.8% |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 4.2% |
| Distributable reserves133 | - | - | - | €0.6m | €0.8m | €0.9m | €0.9m | €0.9m | = |
| Profit (loss) carried forward14 | -€0.006m | €0 | - | €0 | €0 | €0 | - | -€0.06m | - |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.2% |
| Deferred taxes168 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.2% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.4m | €0.3m | €0.2m | €0.4m | €0.3m | €0.2m | ▼ 40.3% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.2m | €0.1m | €0.04m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.04m | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.3m | €0.2m | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.06m | €0.04m | €0 | - | - |
| Financial debts43 | - | - | - | - | €0.07m | €0 | - | - | - |
| Other loans439 | - | - | - | - | €0.07m | €0 | - | - | - |
| Trade debts44 | €0.003m | €0.003m | €0.002m | €0 | - | - | €0.001m | €0.005m | ▲ 681% |
| Suppliers440/4 | - | - | - | €0 | - | - | €0.001m | €0.005m | ▲ 681% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.01m | €0.01m | €0 | €436 | - |
| Taxes450/3 | - | - | - | €0.03m | €0.01m | €0.01m | €0 | €436 | - |
| Remuneration and social security454/9 | - | - | - | - | €455 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.06m | €0.4m | €0.3m | €0.2m | ▼ 36.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0 | €0.008m | €0.02m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,081 | €52,933 | €138,489 | €198,368 | €152,010 | €83,090 | €8,417 | -€74,322 | - |
| + Depreciation and write-downs630 | €39,456 | €37,856 | €39,277 | €39,277 | €28,551 | €82,183 | €51,079 | €55,653 | ▲ 9.0% |
| Operating cash flow (approximation) | €72,537 | €90,790 | €177,766 | €237,645 | €180,561 | €165,273 | €59,496 | -€18,669 | - |
| Investment in fixed assets (approximation) | - | €0 | -€83,215 | -€836 | €386,877 | -€393,981 | -€28,220 | -€38,765 | ▼ 37.4% |
| Change in cash | - | €119,156 | -€101,573 | €33,815 | €269,248 | -€162,600 | -€139,382 | -€5,987 | ▲ 95.7% |
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, 8,617 companies had the same profile as BONEMVELD has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BONEMVELD 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 8,617 companies, not a prediction for BONEMVELD. 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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00289502 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321244 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00309261 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00282666 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20242458 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27900392 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20600241 | |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-38400469 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-42700086 | |
| 31-12-2016 | abbreviated format | 12-07-2017 | 2017-30500583 |