BPA
ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are 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 1 November 2026.
Annual accounts 2023 filed on 11-10-2024 PDF all 24 filings
Turnover
≈ €170,000
Estimated: probably between €100,000 and €310,000
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
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is 23% lower than in 2022 and the lowest since 2019. It is the third fall in a row.
Operating result€15,784
2023
Net result-€8,084
2023
Total assets€271,319
2023
Equity€36,091
2023
Debt€235,228
2023
Working capital-€98,104
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
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 are 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
Fixed assets
€247,242 ▼ 4.0%
Current assets
€24,077 ▲ 2.1%
Equity and liabilities €271,319
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
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
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |