BPA

Active

Private limited companyfounded 1999active for 27 yearsRue Louis Demeuse 105, 4040 Herstal, BelgiumKBO/BCE: BE 0465.166.369

Summary

The computed 12-month bankruptcy probability of BPA is 9.1% (elevated). For BPA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €36,091 and a net result of -€8,084. Equity is growing by about 31% per year across the filed financial years. The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.

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Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 31 October 2026.

Turnover

≈ €170,000

Estimated: probably between €100,000 and €300,000

Total assets

€271,319▼ 3.5%

2022 · €281,259

Net result

-€8,084▼ 638%

2022 · -€1,096

Working capital

-€98,104▼ 38.4%

2022 · -€70,896

Trend over the years

Last 5 years All years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result has fallen three years in a row; 2023 is 23% below 2022 and is the lowest result in the available series.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€15,784 2023 Net result-€8,084 2023

Every figure with its change against the financial year before

favourable unfavourable

Line201820192020202120222023

Operating result€36,238-€24,773▼ 31.6%€53,142▲ 115%€25,315▼ 52.4%€20,618▼ 18.6%€15,784▼ 23.4%

Net result€20,071-€10,286▼ 48.8%€41,264▲ 301%€11,486▼ 72.2%-€1,096-€8,084▼ 638%

Equity-€17,765--€7,479▲ 57.9%€33,785€45,271▲ 34.0%€44,175▼ 2.4%€36,091▼ 18.3%

Total assets€303,816-€289,932▼ 4.6%€302,374▲ 4.3%€293,277▼ 3.0%€281,259▼ 4.1%€271,319▼ 3.5%

Debt€321,581-€297,411▼ 7.5%€268,589▼ 9.7%€248,007▼ 7.7%€237,083▼ 4.4%€235,228▼ 0.8%

Working capital-€57,196--€63,731▼ 11.4%-€37,533▲ 41.1%-€48,832▼ 30.1%-€70,896▼ 45.2%-€98,104▼ 38.4%

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

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €271,319

91.1%

Fixed assets €247,242 ▼ 4.0%

Current assets €24,077 ▲ 2.1%

Equity and liabilities €271,319

13.3%

86.7%

Equity €36,091 ▼ 18.3%

Debt €235,228 ▼ 0.8%

Debt's share of the balance-sheet total rises from 84.3% to 86.7%. Equity and debt are lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€26,215▼

2022 · €31,049

Cash flow

€2,347▼

2022 · €9,335

Current ratio

0.20▼

2022 · 0.25

Debt to equity

6.52▲

2022 · 5.37

ROE

-22.4%▼

2022 · -2.5%

ROA

-3.0%▼

2022 · -0.4%

Interest coverage

2.67▼

2022 · 2.70

Debt ≤ 1 year

€122,181▲

2022 · €94,481

Debt > 1 year

€109,547▼

2022 · €142,602

Income taxes

€14,051▲

2022 · €10,220

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2023 against 2022 · 40 lines

Balance sheet Code20222023

Assets

Total assets20/58€281,259€271,319▼

Fixed assets21/28€257,673€247,242▼

Tangible fixed assets22/27€257,673€247,242▼

Land and buildings22€257,673€247,242▼

Current assets29/58€23,586€24,077▲

Amounts receivable within one year40/41€23,522€23,522=

Other amounts receivable41€23,522€23,522=

Cash at bank and in hand54/58€64€555▲

Equity and liabilities

Total equity and liabilities10/49€281,259€271,319▼

Equity10/15€44,175€36,091▼

Contributions10/11€18,592€18,592=

Reserves13€3,287€3,287=

Non-distributable reserves130/1€1,859€1,859=

Reserves not available under the articles1311€1,859€1,859=

Tax-exempt reserves132€1,428€1,428=

Profit (loss) carried forward14€22,296€14,212▼

Amounts payable17/49€237,083€235,228▼

Amounts payable after more than one year17€142,602€109,547▼

Financial debts170/4€139,102€106,047▼

Other amounts payable178/9€3,500€3,500=

Amounts payable within one year42/48€94,481€122,181▲

Current portion of amounts payable after more than one year42€30,778€32,156▲

Trade debts44€36,226€52,230▲

Suppliers440/4€36,226€52,230▲

Taxes, remuneration and social security45€4,181€0▼

Taxes450/3€4,181€0▼

Other amounts payable47/48€23,296€37,796▲

Accrued charges and deferred income492/3-€3,500

Income statement Code20222023

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,431€10,431=

Other operating charges640/8€8,472€15,925▲

Gross operating margin9900€39,521€42,140▲

Operating profit (loss)9901€20,618€15,784▼

Financial charges65/66B€11,494€9,817▼

Recurring financial charges65€11,494€9,817▼

Profit (loss) for the period before taxes9903€9,124€5,967▼

Income taxes67/77€10,220€14,051▲

Profit (loss) for the period9904-€1,096-€8,084▼

Profit (loss) for the period to be appropriated9905-€1,096-€8,084▼

Appropriation of the result

Profit (loss) to be appropriated9906€22,296€14,212▼

Profit (loss) brought forward from the previous period14P€23,392€22,296▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2018	2019	2020	2021	2022	2023	Change
Non-recurring operating income76A	-	-	-	€0	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€10,431	€10,431	€10,431	€10,431	€10,431	€10,431	=
Other operating charges640/8	-	-	-	€5,698	€8,472	€15,925	▲ 88.0%
Gross operating margin9900	€53,176	€43,071	€75,491	€41,444	€39,521	€42,140	▲ 6.6%
Operating profit (loss)9901	€36,238	€24,773	€53,142	€25,315	€20,618	€15,784	▼ 23.4%
Financial charges65/66B	-	-	-	€9,648	€11,494	€9,817	▼ 14.6%
Recurring financial charges65	€16,167	€14,487	€11,878	€9,648	€11,494	€9,817	▼ 14.6%
Profit (loss) for the period before taxes9903	€20,071	€10,286	€41,264	€15,666	€9,124	€5,967	▼ 34.6%
Income taxes67/77	-	-	-	€4,181	€10,220	€14,051	▲ 37.5%
Profit (loss) for the period9904	€20,071	€10,286	€41,264	€11,486	-€1,096	-€8,084	▼ 638%
Profit (loss) for the period to be appropriated9905	€20,071	€10,286	€41,264	€11,486	-€1,096	-€8,084	▼ 638%

Line	2018	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€303,816	€289,932	€302,374	€293,277	€281,259	€271,319	▼ 3.5%
Fixed assets21/28	€299,397	€288,966	€278,535	€268,104	€257,673	€247,242	▼ 4.0%
Tangible fixed assets22/27	€299,397	€288,966	€278,535	€268,104	€257,673	€247,242	▼ 4.0%
Land and buildings22	-	-	-	€268,104	€257,673	€247,242	▼ 4.0%
Current assets29/58	€4,419	€966	€23,839	€25,173	€23,586	€24,077	▲ 2.1%
Amounts receivable within one year40/41	€691	€777	€23,522	€23,522	€23,522	€23,522	=
Other amounts receivable41	-	-	-	€23,522	€23,522	€23,522	=
Cash at bank and in hand54/58	€3,728	€189	€318	€1,652	€64	€555	▲ 770%
Equity and liabilities
Total equity and liabilities10/49	€303,816	€289,932	€302,374	€293,277	€281,259	€271,319	▼ 3.5%
Equity10/15	-€17,765	-€7,479	€33,785	€45,271	€44,175	€36,091	▼ 18.3%
Contributions10/11	€18,592	€18,592	-	€18,592	€18,592	€18,592	=
Reserves13	€3,287	€3,287	€3,287	€3,287	€3,287	€3,287	=
Non-distributable reserves130/1	-	-	-	€1,859	€1,859	€1,859	=
Reserves not available under the articles1311	-	-	-	€1,859	€1,859	€1,859	=
Tax-exempt reserves132	-	-	-	€1,428	€1,428	€1,428	=
Profit (loss) carried forward14	-€39,644	-€29,358	€11,907	€23,392	€22,296	€14,212	▼ 36.3%
Amounts payable17/49	€321,581	€297,411	€268,589	€248,007	€237,083	€235,228	▼ 0.8%
Amounts payable after more than one year17	€259,966	€232,714	€204,114	€174,001	€142,602	€109,547	▼ 23.2%
Financial debts170/4	-	-	-	€170,501	€139,102	€106,047	▼ 23.8%
Other amounts payable178/9	-	-	-	€3,500	€3,500	€3,500	=
Amounts payable within one year42/48	€61,615	€64,697	€61,372	€74,005	€94,481	€122,181	▲ 29.3%
Current portion of amounts payable after more than one year42	-	-	-	€28,700	€30,778	€32,156	▲ 4.5%
Trade debts44	€12,770	€14,608	€22,762	€29,940	€36,226	€52,230	▲ 44.2%
Suppliers440/4	-	-	-	€29,940	€36,226	€52,230	▲ 44.2%
Taxes, remuneration and social security45	-	-	-	€4,181	€4,181	€0	▼ 100%
Taxes450/3	-	-	-	€4,181	€4,181	€0	▼ 100%
Other amounts payable47/48	-	-	-	€11,184	€23,296	€37,796	▲ 62.2%
Accrued charges and deferred income492/3	-	-	-	€0	-	€3,500	-

Line	2018	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	€20,071	€10,286	€41,264	€11,486	-€1,096	-€8,084	▼ 638%
+ Depreciation and write-downs630	€10,431	€10,431	€10,431	€10,431	€10,431	€10,431	=
Operating cash flow (approximation)	€30,502	€20,717	€51,695	€21,917	€9,335	€2,347	▼ 74.9%
Investment in fixed assets (approximation)	-	€0	€0	€0	€0	€0	-
Change in cash	-	-€3,539	€129	€1,334	-€1,588	€492	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 24 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2023	micro format	11-10-2024	2024-00504460
31-12-2022	micro format	29-09-2023	2023-00468596
31-12-2021	micro format	28-11-2022	2022-20529099
31-12-2020	micro format	18-11-2021	2021-77500427
31-12-2019	micro format	23-09-2020	2020-55500124
31-12-2018	micro format	23-09-2020	2020-55500121
31-12-2017	micro format	19-09-2018	2018-63500579
31-12-2016	micro format	24-11-2017	2017-70400032
31-12-2015	full format	13-08-2016	2016-44800451
31-12-2014	full format	17-08-2015	2015-43800482

Show all 24 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.