BPOS-Live
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 17 filings
Turnover
≈ €120,000
Estimated: probably between €63,000 and €230,000
Total assets
€129,447▼ 27.0%
2024 · €177,356
Net result
€20,935▲ 1.2%
2024 · €20,695
Working capital
-€16,262▲ 56.3%
2024 · -€37,198
In the rankings
#8 oldest company in Hulshout, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€21,106
▲ 0.5%
2025
20182025
Net result
€20,935
▲ 1.2%
2025
middle half of the sector
20182025
Equity
-€16,262
▲ 56.3%
2025
lowest quarter of the sector
20182025
Total assets
€129,447
▼ 27.0%
2025
middle half of the sector
20182025
Debt
€145,710
▼ 32.1%
2025
20182025
Working capital
-€16,262
▲ 56.3%
2025
lowest quarter of the sector
20182025
Solvency
-12.6%
▲ 8.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.89
▲ 0.06
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
16.2%
▲ 4.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€70,418--€4,200€21,848-€56,215-€27,557▲ 51.0%-€42,905▼ 55.7%€20,994€21,106▲ 0.5%
Net result€43,933--€6,896€16,073within the sector's middle half-€56,948below the sector's middle half-€27,762below the sector's middle half▲ 51.3%-€72,347below the sector's middle half▼ 161%€20,695within the sector's middle half€20,935within the sector's middle half▲ 1.2%
Equity€89,988-€83,092▼ 7.7%€99,165within the sector's middle half▲ 19.3%€42,217within the sector's middle half▼ 57.4%€14,455below the sector's middle half▼ 65.8%-€57,893below the sector's middle half-€37,198below the sector's middle half▲ 35.7%-€16,262below the sector's middle half▲ 56.3%
Total assets€217,318-€122,187▼ 43.8%€133,618within the sector's middle half▲ 9.4%€71,276within the sector's middle half▼ 46.7%€44,284below the sector's middle half▼ 37.9%€58,806below the sector's middle half▲ 32.8%€177,356within the sector's middle half▲ 202%€129,447within the sector's middle half▼ 27.0%
Debt€127,330-€39,095▼ 69.3%€34,453▼ 11.9%€29,060▼ 15.7%€29,829▲ 2.6%€116,698▲ 291%€214,554▲ 83.9%€145,710▼ 32.1%
Working capital€89,988-€83,092▼ 7.7%€99,165within the sector's middle half▲ 19.3%€42,217within the sector's middle half▼ 57.4%€14,455within the sector's middle half▼ 65.8%-€57,893below the sector's middle half-€37,198below the sector's middle half▲ 35.7%-€16,262below the sector's middle half▲ 56.3%
Solvency41.4%-68.0%▲ 26.6pp74.2%within the sector's middle half▲ 6.2pp59.2%within the sector's middle half▼ 15.0pp32.6%within the sector's middle half▼ 26.6pp-98.4%below the sector's middle half▼ 131.1pp-21.0%below the sector's middle half▲ 77.5pp-12.6%below the sector's middle half▲ 8.4pp
Current ratio1.71-3.13▲ 1.423.88within the sector's middle half▲ 0.752.45within the sector's middle half▼ 1.431.48within the sector's middle half▼ 0.970.50below the sector's middle half▼ 0.980.83below the sector's middle half▲ 0.320.89below the sector's middle half▲ 0.06
Return on assets (ROA)20.2%--5.6%▼ 25.9pp12.0%within the sector's middle half▲ 17.7pp-79.9%below the sector's middle half▼ 91.9pp-62.7%below the sector's middle half▲ 17.2pp-123.0%below the sector's middle half▼ 60.3pp11.7%within the sector's middle half▲ 134.7pp16.2%within the sector's middle half▲ 4.5pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 2025 is 1% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Debt ≤ 1 year
€145,710▼
2024 · €214,554
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €503 | €589 | €8,470 | €569 | €585 | ▲ 2.9% |
| Gross operating margin9900 | €72,253 | -€3,701 | €24,020 | -€55,712 | -€26,968 | -€34,435 | €21,563 | €21,692 | ▲ 0.6% |
| Operating profit (loss)9901 | €70,418 | -€4,200 | €21,848 | -€56,215 | -€27,557 | -€42,905 | €20,994 | €21,106 | ▲ 0.5% |
| Recurring financial income75 | €3 | €100 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €733 | €205 | €29,442 | €299 | €171 | ▼ 42.8% |
| Recurring financial charges65 | €448 | €519 | €722 | €733 | €205 | €29,442 | €299 | €171 | ▼ 42.8% |
| Profit (loss) for the period before taxes9903 | €69,973 | -€4,619 | €21,127 | -€56,948 | -€27,762 | -€72,347 | €20,695 | €20,935 | ▲ 1.2% |
| Income taxes67/77 | €26,040 | €2,277 | €5,053 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €43,933 | -€6,896 | €16,073 | -€56,948 | -€27,762 | -€72,347 | €20,695 | €20,935 | ▲ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €43,933 | -€6,896 | €16,073 | -€56,948 | -€27,762 | -€72,347 | €20,695 | €20,935 | ▲ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €217,318 | €122,187 | €133,618 | €71,276 | €44,284 | €58,806 | €177,356 | €129,447 | ▼ 27.0% |
| Current assets29/58 | €217,318 | €122,187 | €133,618 | €71,276 | €44,284 | €58,806 | €177,356 | €129,447 | ▼ 27.0% |
| Amounts receivable within one year40/41 | €155,316 | €54,185 | €49,999 | €35,611 | €43,169 | €55,381 | €175,997 | €128,241 | ▼ 27.1% |
| Trade receivables40 | - | - | - | - | - | €43,364 | €163,727 | €121,870 | ▼ 25.6% |
| Other amounts receivable41 | - | - | - | €35,611 | €43,169 | €12,016 | €12,270 | €6,370 | ▼ 48.1% |
| Cash at bank and in hand54/58 | €62,002 | €68,002 | €83,619 | €35,665 | €1,115 | €2,384 | €319 | €148 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,041 | €1,040 | €1,059 | ▲ 1.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €217,318 | €122,187 | €133,618 | €71,276 | €44,284 | €58,806 | €177,356 | €129,447 | ▼ 27.0% |
| Equity10/15 | €89,988 | €83,092 | €99,165 | €42,217 | €14,455 | -€57,893 | -€37,198 | -€16,262 | ▲ 56.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €71,388 | €71,388 | €80,565 | €80,565 | €80,565 | €80,565 | €80,565 | €80,565 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €78,705 | €78,705 | €80,565 | €80,565 | €80,565 | = |
| Profit (loss) carried forward14 | - | -€6,896 | - | -€56,948 | -€84,710 | -€157,058 | -€136,363 | -€115,427 | ▲ 15.4% |
| Amounts payable17/49 | €127,330 | €39,095 | €34,453 | €29,060 | €29,829 | €116,698 | €214,554 | €145,710 | ▼ 32.1% |
| Amounts payable within one year42/48 | €127,330 | €39,095 | €34,453 | €29,060 | €29,829 | €116,698 | €214,554 | €145,710 | ▼ 32.1% |
| Trade debts44 | €106,293 | €14,785 | €34,400 | €29,060 | €21,829 | €100,698 | €193,054 | €130,710 | ▼ 32.3% |
| Suppliers440/4 | - | - | - | €29,060 | €21,829 | €100,698 | €193,054 | €130,710 | ▼ 32.3% |
| Other amounts payable47/48 | - | - | - | - | €8,000 | €16,000 | €21,500 | €15,000 | ▼ 30.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,933 | -€6,896 | €16,073 | -€56,948 | -€27,762 | -€72,347 | €20,695 | €20,935 | ▲ 1.2% |
| Operating cash flow (approximation) | €43,933 | -€6,896 | €16,073 | -€56,948 | -€27,762 | -€72,347 | €20,695 | €20,935 | ▲ 1.2% |
| Change in cash | - | €6,000 | €15,618 | -€47,954 | -€34,550 | €1,269 | -€2,065 | -€171 | ▲ 91.7% |
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, 3,632 companies had the same profile as BPOS-Live has now. Two years later, 91.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.8%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BPOS-Live itself is lower: 0.5% within 12 months. It rests on far more data about BPOS-Live than the profile alone.
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 3,632 companies, not a prediction for BPOS-Live. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00183656 | |
| 31-12-2024 | micro format | 26-05-2025 | 2025-00106328 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00107010 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00278703 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20137688 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27200302 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-15900019 | |
| 31-12-2018 | micro format | 12-06-2019 | 2019-17900433 | |
| 31-12-2017 | micro format | 19-06-2018 | 2018-20300118 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21000280 |