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BusinessBartels

Active
Private limited companyfounded 2024active for 2 yearsCoupure 360, 9000 Gent, BelgiumKBO/BCE: BE 1007.015.693

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 27-04-2026 PDF

Turnover
≈ €370,000
Estimated: probably between €310,000 and €640,000
Total assets
€264,189
Net result
€193,379
Working capital
€191,722

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
Assets €264,189
Fixed assets €3,656
Current assets €260,533
Equity and liabilities €264,189
Equity €195,379
Debt €68,811
Debt's share of the balance-sheet total is 26.0%.
Key figures and ratios
2025 value
EBITDA
€256,695
Cash flow
€194,047
Current ratio
3.79
Debt to equity
0.35
ROE
99.0%
ROA
73.2%
Interest coverage
over 100
Debt ≤ 1 year
€68,811
Income taxes
€60,482

Investments

fixed assets acquired
Item2025
Tangible fixed assets€4,325
Depreciation and write-downs of the year€668

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as BusinessBartels: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €248,000 and €332,000, founded between 2023 and 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
BusinessBartels Gent2024€264,189€195,379€257,497€193,3792025
ALPEN Gent2024€247,529€184,543€272,315€184,0432025
FIZZA Lievegem2023€289,969€192,327€278,011€191,3272025
MIRELLA Lochristi2023€274,487€25,970€244,895€184,4012025
DNKV Erpe-Mere2024€331,751€237,295€252,145€185,0452025
THO SWEETS Sint-Niklaas2023€324,269€216,955€291,985€206,9552025
ADVL Beerse2024€261,290€175,907€238,347€170,9072025

They were chosen from the 54,693 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as BusinessBartels has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of BusinessBartels itself is lower: 0.1% within 12 months. It rests on far more data about BusinessBartels than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for BusinessBartels. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines

Source: Annual accounts 2025 (PDF), filed on 27-04-2026.

Balance sheet Code2025
Assets
Total assets20/58€264,189
Fixed assets21/28€3,656
Tangible fixed assets22/27€3,656
Plant, machinery and equipment23€1,276
Other tangible fixed assets26€2,380
Current assets29/58€260,533
Amounts receivable within one year40/41€130,315
Trade receivables40€119,255
Other amounts receivable41€11,060
Cash at bank and in hand54/58€127,431
Deferred charges and accrued income490/1€2,787
Equity and liabilities
Total equity and liabilities10/49€264,189
Equity10/15€195,379
Contributions10/11€2,000
Reserves13€193,379
Tax-exempt reserves132€105,250
Distributable reserves133€88,129
Amounts payable17/49€68,811
Amounts payable within one year42/48€68,811
Trade debts44€4,282
Suppliers440/4€4,282
Taxes, remuneration and social security45€64,529
Taxes450/3€64,529
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€668
Other operating charges640/8€801
Gross operating margin9900€257,497
Operating profit (loss)9901€256,027
Financial income75/76B€133
Recurring financial income75€133
Financial charges65/66B€2,299
Recurring financial charges65€2,299
Profit (loss) for the period before taxes9903€253,860
Income taxes67/77€60,482
Profit (loss) for the period9904€193,379
Transfer to tax-exempt reserves689€105,250
Profit (loss) for the period to be appropriated9905€88,129
Appropriation of the result
Profit (loss) to be appropriated9906€88,129
Transfer to equity691/2€88,129
To other reserves6921€88,129

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€668
Other operating charges640/8€801
Gross operating margin9900€257,497
Operating profit (loss)9901€256,027
Financial income75/76B€133
Recurring financial income75€133
Financial charges65/66B€2,299
Recurring financial charges65€2,299
Profit (loss) for the period before taxes9903€253,860
Income taxes67/77€60,482
Profit (loss) for the period9904€193,379
Transfer to tax-exempt reserves689€105,250
Profit (loss) for the period to be appropriated9905€88,129
Line2025
Assets
Total assets20/58€264,189
Fixed assets21/28€3,656
Tangible fixed assets22/27€3,656
Plant, machinery and equipment23€1,276
Other tangible fixed assets26€2,380
Current assets29/58€260,533
Amounts receivable within one year40/41€130,315
Trade receivables40€119,255
Other amounts receivable41€11,060
Cash at bank and in hand54/58€127,431
Deferred charges and accrued income490/1€2,787
Equity and liabilities
Total equity and liabilities10/49€264,189
Equity10/15€195,379
Contributions10/11€2,000
Reserves13€193,379
Tax-exempt reserves132€105,250
Distributable reserves133€88,129
Amounts payable17/49€68,811
Amounts payable within one year42/48€68,811
Trade debts44€4,282
Suppliers440/4€4,282
Taxes, remuneration and social security45€64,529
Taxes450/3€64,529
Line2025
Profit (loss) for the period9904€193,379
+ Depreciation and write-downs630€668
Operating cash flow (approximation)€194,047

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 27-04-2026 2026-00089138 PDF

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