BPS Estates
Annual accounts 2025
abbreviated format, filed on 21-07-2026, 10 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €15.2m on 31-12-2025in euro
in euro
Position in the sector
-5.0%
Higher than 13% of 11,299 companies in 2025.
6.86
Higher than 87% of 10,851 companies in 2025.
-2.5%
Higher than 22% of 11,184 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€34,227
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 1 person joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
15.2m | 17.1m | 16.6m | 21.2m | 18.0m | 12.7m | 5.4m | 4.2m | 2.2m | |
21/28 |
15,958 | 32,210 | 65,042 | 83,800 | 102,646 | 127,059 | 9,307 | 4,554 | 2,677 | |
21 |
6,101 | 11,094 | 17,163 | 16,457 | 9,417 | 12,040 | - | - | - | |
22/27 |
9,858 | 21,117 | 47,878 | 67,343 | 93,229 | 115,018 | 9,307 | 4,554 | 2,677 | |
23 |
2,424 | 270 | 625 | 1,024 | 1,420 | 1,850 | 3,182 | 2,239 | 624 | |
24 |
7,433 | 20,847 | 47,254 | 66,319 | 91,809 | 113,169 | 6,125 | 2,314 | 2,053 | |
29/58 |
15.2m | 17.1m | 16.6m | 21.1m | 17.9m | 12.5m | 5.4m | 4.2m | 2.2m | |
3 |
7.8m | 9.9m | 10.7m | 10.6m | 9.9m | 7.8m | 4.2m | 3.9m | 1.9m | |
30/36 |
7.8m | 9.9m | 10.7m | 10.6m | 9.9m | 7.8m | 4.2m | 3.9m | 1.9m | |
40/41 |
7.2m | 7.0m | 5.7m | 6.1m | 7.6m | 4.6m | 1.0m | 61,454 | 87,500 | |
40 |
- | - | - | 1,575 | 269,075 | 199,791 | 308,926 | - | 87,500 | |
41 |
7.2m | 7.0m | 5.7m | 6.1m | 7.3m | 4.4m | 740,925 | 61,454 | - | |
54/58 |
258,043 | 71,465 | 178,711 | 4.4m | 323,260 | 112,888 | 173,549 | 216,638 | 168,649 | |
490/1 |
- | - | - | - | 535 | - | - | - | 34 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
15.2m | 17.1m | 16.6m | 21.2m | 18.0m | 12.7m | 5.4m | 4.2m | 2.2m | |
10/15 |
-755,748 | -382,346 | 50,486 | -27,052 | -189,033 | 2,650 | 270,222 | 186,570 | -28,780 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | |
11 |
- | - | - | - | - | - | 18,600 | - | - | |
1109/19 |
- | - | - | - | - | - | 18,600 | - | - | |
13 |
251,622 | 251,622 | 251,622 | 251,622 | 251,622 | 251,622 | 251,622 | 167,970 | - | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | - | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
133 |
251,622 | 251,622 | 251,622 | 249,762 | 249,762 | 249,762 | 249,762 | 166,110 | - | |
14 |
-1.0m | -652,568 | -219,736 | -297,274 | -459,255 | -267,572 | - | - | -47,380 | |
17/49 |
16.0m | 17.5m | 16.6m | 21.2m | 18.1m | 12.7m | 5.2m | 4.0m | 2.2m | |
17 |
13.7m | 14.1m | 13.6m | 17.9m | 15.0m | 9.2m | 2.7m | 1.7m | 1.1m | |
170/4 |
439,397 | 465,925 | 491,808 | 517,062 | 541,702 | - | 1.7m | 1.7m | 1.1m | |
178/9 |
13.3m | 13.6m | 13.1m | 17.4m | 14.5m | 9.2m | 1.0m | - | - | |
42/48 |
2.2m | 3.4m | 3.0m | 3.3m | 3.2m | 3.5m | 2.4m | 2.3m | 1.1m | |
42 |
28,700 | 23,750 | 27,331 | 24,640 | 24,041 | - | - | - | - | |
43 |
2.1m | 3.3m | 2.9m | 2.7m | 3.1m | 3.4m | 2.3m | 1.7m | 840,050 | |
430/8 |
2.1m | 3.3m | 2.9m | 2.7m | 3.1m | 3.4m | 2.3m | 1.7m | 840,050 | |
44 |
20,194 | 42,207 | 13,686 | 39,334 | 24,941 | - | 58,122 | 16,843 | 43,926 | |
440/4 |
20,194 | 42,207 | 13,686 | 39,334 | 24,941 | - | 58,122 | 16,843 | 43,926 | |
45 |
1,387 | 320 | 330 | 1,893 | 1,774 | 35,068 | 34,536 | 54,877 | 21,000 | |
450/3 |
304 | 320 | 330 | - | - | 34,536 | 34,536 | 54,377 | - | |
454/9 |
1,083 | - | - | 1,893 | 1,774 | 533 | - | 500 | 21,000 | |
47/48 |
15,945 | 17,845 | 27,875 | 519,425 | 26,647 | 17,021 | 49,858 | 604,541 | 226,340 | |
| Income statement | ||||||||||
9900 |
-80,853 | -87,284 | 211,844 | 405,837 | -3,088 | -44,102 | 280,558 | 440,355 | -37,970 | |
62 |
68,455 | 34,584 | 38,130 | 34,573 | 31,298 | 24,273 | - | - | - | |
630 |
22,948 | 32,831 | 32,823 | 30,760 | 30,360 | 15,785 | 4,927 | 2,232 | 885 | |
640/8 |
29,948 | 31,537 | 32,117 | 59,068 | 24,446 | 10,636 | 15,646 | 15,659 | 2,773 | |
9901 |
-202,204 | -186,237 | 108,774 | 281,436 | -89,192 | -94,796 | 259,985 | 422,464 | -41,627 | |
75/76B |
64 | 32 | 4 | 88 | 400 | 106 | 6 | 12 | - | |
75 |
64 | 32 | 4 | 88 | 400 | 106 | 6 | 12 | - | |
65/66B |
170,958 | 246,307 | 30,910 | 119,544 | 102,890 | 172,883 | 141,803 | 122,750 | 5,752 | |
65 |
170,958 | 246,307 | 30,910 | 119,544 | 102,890 | 172,883 | 141,803 | 122,750 | 5,752 | |
9903 |
-373,098 | -432,512 | 77,868 | 161,980 | -191,682 | -267,572 | 118,188 | 299,727 | -47,380 | |
67/77 |
304 | 320 | 330 | - | - | - | 34,536 | 84,377 | - | |
9904 |
-373,402 | -432,832 | 77,539 | 161,980 | -191,682 | -267,572 | 83,652 | 215,350 | -47,380 | |
9905 |
-373,402 | -432,832 | 77,539 | 161,980 | -191,682 | -267,572 | 83,652 | 215,350 | -47,380 | |
| Appropriation of the result | ||||||||||
9906 |
-1.0m | -652,568 | -219,736 | -297,274 | -459,255 | -267,572 | 83,652 | 167,970 | -47,380 | |
14P |
-652,568 | -219,736 | -297,274 | -459,255 | -267,572 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 83,652 | 167,970 | - | |
6920 |
- | - | - | - | - | - | - | 1,860 | - | |
6921 |
- | - | - | - | - | - | 83,652 | 166,110 | - | |
| Social balance sheet | ||||||||||
9087 |
2 | 1 | 1 | 1 | 1 | 1 | - | - | - | |
Hours worked1013 |
2,781 | 1,360 | 1,748 | 1,755 | 1,763 | 1,684 | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-07-2026 | 2026-00319542 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00360529 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00316521 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00296038 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20275198 | |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-35400302 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-37700018 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44900526 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17700516 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| -179,256 | -153,405 | 141,597 | 312,196 | -58,832 | -79,011 | 264,912 | 424,696 | -40,743 | ||
| -350,454 | -400,001 | 110,362 | 192,740 | -161,323 | -251,788 | 88,579 | 217,582 | -46,495 | ||
| 6,696 | 0 | 14,065 | 11,914 | 5,947 | 133,537 | 9,680 | 4,109 | 3,562 | ||
| 186,578 | -107,246 | -4.2m | 4.1m | 210,371 | -60,661 | -43,089 | 47,989 | - | ||
| 13.0m | 13.7m | 13.6m | 17.8m | 14.7m | 9.0m | 3.0m | 1.9m | 1.1m | ||
| -5.0% | -2.2% | 0.3% | -0.1% | -1.1% | 0.0% | 5.0% | 4.4% | -1.3% | ||
| 6.86 | 5.07 | 5.54 | 6.45 | 5.66 | 3.58 | 2.22 | 1.81 | 1.94 | ||
| 3.36 | 2.12 | 1.95 | 3.20 | 2.51 | 1.36 | 0.50 | 0.12 | 0.23 | ||
| - | - | - | - | - | - | 19.14 | 21.63 | - | ||
| - | - | 153.6% | - | - | - | 31.0% | 115.4% | - | ||
| -2.5% | -2.5% | 0.5% | 0.8% | -1.1% | -2.1% | 1.5% | 5.1% | -2.2% | ||
| -1.05 | -0.62 | 4.58 | 2.61 | -0.57 | - | 1.87 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 | 1 | 1 |
| full-time | 2 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 2 | 1 | 1 | 1 | 1 |
| 2 | 1 | 1 | 1 | 1 | |
| On a permanent contract | 2 | 1 | 1 | 1 | 1 |
| Joined | 1 | - | - | - | - |
| Left | 0 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.6m | €3.8m | €3.4m | €3.2m | - |
| Debts guaranteed by Belgian public bodies | - | - | - | - | €3.6m |
| Mortgages, amount registered | €110,000 | €137,500 | €137,500 | €137,500 | €217,500 |
| €3.7m | €5.0m | €5.0m | €5.0m | €5.6m | |
| Carrying value of the mortgaged assets | €6.5m | €8.1m | €7.2m | €6.7m | €6.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,696 | - | €7,289 | €1,459 | €5,947 |
| Intangible fixed assets | - | - | €6,776 | €10,455 | - |
| €22,948 | €32,831 | €32,823 | €30,760 | €30,360 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BPS Estates
The operating result for 2025 is a loss of €202,204, larger than the loss of €186,237 in 2024. It is the lowest result since 2017.
Equity is negative. Debt (€16.0m) exceeds the balance-sheet total (€15.2m).