BSV DOZIN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 22 filings
Equity
-€8,426▼ 117%
2024 · -€3,878
Total assets
€11,037▲ 31.3%
2024 · €8,404
Net result
-€4,548
2024 · €218
Working capital
-€8,135▼ 127%
2024 · -€3,588
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€3,995
2025
20192025
Net result
-€4,548
2025
lowest quarter of the sector
20192025
Equity
-€8,426
▼ 117%
2025
lowest quarter of the sector
20192025
Total assets
€11,037
▲ 31.3%
2025
lowest quarter of the sector
20192025
Debt
€19,463
▲ 58.5%
2025
20192025
Working capital
-€8,135
▼ 127%
2025
lowest quarter of the sector
20192025
Solvency
-76.3%
▼ 30.2pp
2025
lowest quarter of the sector
20192025
Current ratio
0.58
▼ 0.13
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-41.2%
▼ 43.8pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€5,236-€9,440▲ 80.3%€365▼ 96.1%€284▼ 22.0%€864▲ 204%€2,096▲ 142%-€3,995
Net result€1,680-€4,726within the sector's middle half▲ 181%-€882within the sector's middle half-€1,171within the sector's middle half▼ 32.7%-€845within the sector's middle half▲ 27.8%€218within the sector's middle half-€4,548below the sector's middle half
Equity-€5,924--€1,198below the sector's middle half▲ 79.8%-€2,081below the sector's middle half▼ 73.6%-€3,251below the sector's middle half▼ 56.3%-€4,096below the sector's middle half▼ 26.0%-€3,878below the sector's middle half▲ 5.3%-€8,426below the sector's middle half▼ 117%
Total assets€10,454-€17,854below the sector's middle half▲ 70.8%€13,803below the sector's middle half▼ 22.7%€11,613below the sector's middle half▼ 15.9%€3,385below the sector's middle half▼ 70.9%€8,404below the sector's middle half▲ 148%€11,037below the sector's middle half▲ 31.3%
Debt€16,379-€19,052▲ 16.3%€15,884▼ 16.6%€14,865▼ 6.4%€7,481▼ 49.7%€12,282▲ 64.2%€19,463▲ 58.5%
Working capital-€5,924--€1,198within the sector's middle half▲ 79.8%-€2,081within the sector's middle half▼ 73.6%-€3,251within the sector's middle half▼ 56.3%-€4,096within the sector's middle half▼ 26.0%-€3,588within the sector's middle half▲ 12.4%-€8,135below the sector's middle half▼ 127%
Solvency-56.7%--6.7%below the sector's middle half▲ 50.0pp-15.1%below the sector's middle half▼ 8.4pp-28.0%below the sector's middle half▼ 12.9pp-46.1%below the sector's middle half-76.3%below the sector's middle half▼ 30.2pp
Current ratio0.64-0.94within the sector's middle half▲ 0.300.87below the sector's middle half▼ 0.070.78below the sector's middle half▼ 0.090.70below the sector's middle half0.58below the sector's middle half▼ 0.13
Return on assets (ROA)16.1%-26.5%above the sector's middle half▲ 10.4pp-6.4%below the sector's middle half▼ 32.9pp-10.1%below the sector's middle half▼ 3.7pp2.6%within the sector's middle half-41.2%below the sector's middle half▼ 43.8pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 a loss of €3,995, after a profit of €2,096 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€19,173▲
2024 · €11,992
Income taxes
€392▼
2024 · €1,863
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €310 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €393 | - | -€393 | - | - | - |
| Other operating charges640/8 | - | - | €587 | €457 | €926 | €481 | €478 | ▼ 0.7% |
| Gross operating margin9900 | €5,827 | €9,983 | €1,345 | €742 | €1,397 | €2,577 | -€3,517 | - |
| Operating profit (loss)9901 | €5,236 | €9,440 | €365 | €284 | €864 | €2,096 | -€3,995 | - |
| Financial income75/76B | - | - | €587 | €492 | €392 | €310 | €377 | ▲ 21.6% |
| Recurring financial income75 | €379 | €409 | €587 | €492 | €392 | €310 | €377 | ▲ 21.6% |
| Financial charges65/66B | - | - | €892 | €696 | €779 | €325 | €537 | ▲ 65.5% |
| Recurring financial charges65 | €456 | €643 | €862 | €689 | €779 | €325 | €537 | ▲ 65.5% |
| Non-recurring financial charges66B | - | - | €30 | €7 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €5,159 | €9,207 | €60 | €80 | €478 | €2,081 | -€4,156 | - |
| Income taxes67/77 | €3,479 | €4,481 | €942 | €1,251 | €1,323 | €1,863 | €392 | ▼ 79.0% |
| Profit (loss) for the period9904 | €1,680 | €4,726 | -€882 | -€1,171 | -€845 | €218 | -€4,548 | - |
| Profit (loss) for the period to be appropriated9905 | €1,680 | €4,726 | -€882 | -€1,171 | -€845 | €218 | -€4,548 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €10,454 | €17,854 | €13,803 | €11,613 | €3,385 | €8,404 | €11,037 | ▲ 31.3% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | - | - | - | - | €0 | €0 | €0 | - |
| Intangible fixed assets21 | - | - | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | - | - | - | - | €0 | €0 | €0 | - |
| Land and buildings22 | - | - | - | - | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €10,454 | €17,854 | €13,803 | €11,613 | €3,385 | €8,404 | €11,037 | ▲ 31.3% |
| Amounts receivable within one year40/41 | - | €11,090 | €9,141 | €9,741 | €2,378 | €7,428 | €10,201 | ▲ 37.3% |
| Trade receivables40 | - | - | €9,141 | €9,741 | €2,378 | €7,428 | €9,701 | ▲ 30.6% |
| Other amounts receivable41 | - | - | - | - | - | - | €500 | - |
| Cash at bank and in hand54/58 | €10,454 | €6,764 | €4,576 | €1,872 | €920 | €976 | €837 | ▼ 14.3% |
| Deferred charges and accrued income490/1 | - | - | €87 | - | €87 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €10,454 | €17,854 | €13,803 | €11,613 | €3,385 | €8,404 | €11,037 | ▲ 31.3% |
| Equity10/15 | -€5,924 | -€1,198 | -€2,081 | -€3,251 | -€4,096 | -€3,878 | -€8,426 | ▼ 117% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€24,524 | -€19,798 | -€20,681 | -€21,851 | -€22,696 | -€22,478 | -€27,026 | ▼ 20.2% |
| Amounts payable17/49 | €16,379 | €19,052 | €15,884 | €14,865 | €7,481 | €12,282 | €19,463 | ▲ 58.5% |
| Amounts payable within one year42/48 | €16,379 | €19,052 | €15,884 | €14,865 | €7,481 | €11,992 | €19,173 | ▲ 59.9% |
| Trade debts44 | €2,183 | €4,747 | €7,540 | €6,415 | €2,501 | €5,507 | €3,752 | ▼ 31.9% |
| Suppliers440/4 | - | - | €7,540 | €6,415 | €2,501 | €5,507 | €3,752 | ▼ 31.9% |
| Taxes, remuneration and social security45 | - | - | €2,284 | €3,490 | €2,939 | €3,851 | €751 | ▼ 80.5% |
| Taxes450/3 | - | - | €2,284 | €3,490 | €2,939 | €3,851 | €751 | ▼ 80.5% |
| Other amounts payable47/48 | - | - | €6,061 | €4,960 | €2,041 | €2,634 | €14,669 | ▲ 457% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €291 | €291 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,680 | €4,726 | -€882 | -€1,171 | -€845 | €218 | -€4,548 | - |
| Operating cash flow (approximation) | €1,680 | €4,726 | -€882 | -€1,171 | -€845 | €218 | -€4,548 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€3,690 | -€2,188 | -€2,704 | -€952 | €56 | -€139 | - |
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, 6,619 companies had the same profile as BSV DOZIN has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BSV DOZIN itself is lower: 0.8% within 12 months. It rests on far more data about BSV DOZIN 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 6,619 companies, not a prediction for BSV DOZIN. 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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00096321 | |
| 30-09-2024 | micro format | 25-04-2025 | 2025-00085430 | |
| 30-09-2023 | micro format | 15-04-2024 | 2024-00063778 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00068103 | |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20011190 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12100158 | |
| 30-09-2019 | micro format | 08-05-2020 | 2020-11700542 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11700161 | |
| 30-09-2017 | micro format | 24-04-2018 | 2018-11100396 | |
| 30-09-2016 | full format | 31-03-2017 | 2017-08800307 |