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Businet

Active
Int'l non-profit associationfounded 1991active for 35 yearsGeldenaaksebaan 335, 3001 Leuven, BelgiumKBO/BCE: BE 0445.485.564

Financials · financial year 2025, micro format

2025 annual accounts filed 193 days after the deadline Filed on 9 September 2026, deadline 28 February 2026 (7 months after the close on 31 July 2025, Companies Code art. 3:10). Source: NBB, 2026-00512684.

Annual accounts 2025 filed on 09-09-2026 at the NBB

Turnover
€357,019
EBIT margin
-1.0%
Net result
-€3,918
Working capital
€137,592
Balance-sheet composition
Equity and liabilities €268,238
Equity €132,034
Debt €136,204
Debt's share of the balance-sheet total is 50.8%.
Key figures and ratios
2025 value
Current ratio
2.05
Debt to equity
1.03
ROE
-3.0%
ROA
-1.5%
Debt ≤ 1 year
€130,646
Customer credit
89 days
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 27 lines
Balance sheet Code2025
Assets
Total assets20/58€268,238
Current assets29/58€268,238
Amounts receivable within one year40/41€87,134
Other amounts receivable41€87,134
Current investments50/53€174,651
Cash at bank and in hand54/58€6,454
Equity and liabilities
Total equity and liabilities10/49€268,238
Equity10/15€132,034
Reserves13€132,034
Profit (loss) carried forward14€0
Amounts payable17/49€136,204
Amounts payable within one year42/48€130,646
Advances received on contracts in progress46€130,646
Accrued charges and deferred income492/3€5,558
Income statement Code2025
Turnover70€357,019
Goods, raw materials, services and sundry goods60/61€360,413
Gross operating margin9900-€3,394
Operating profit (loss)9901-€3,394
Financial income75/76B€1,104
Recurring financial income75€1,104
Financial charges65/66B€1,628
Recurring financial charges65€1,628
Profit (loss) for the period before taxes9903-€3,918
Profit (loss) for the period9904-€3,918
Profit (loss) for the period to be appropriated9905-€3,918
Appropriation of the result
Profit (loss) to be appropriated9906-€3,918
Withdrawal from contributions791€3,918

Source: Annual accounts 2025 at the NBB, filed on 09-09-2026.

Line2025
Turnover70€357,019
Goods, raw materials, services and sundry goods60/61€360,413
Gross operating margin9900-€3,394
Operating profit (loss)9901-€3,394
Financial income75/76B€1,104
Recurring financial income75€1,104
Financial charges65/66B€1,628
Recurring financial charges65€1,628
Profit (loss) for the period before taxes9903-€3,918
Profit (loss) for the period9904-€3,918
Profit (loss) for the period to be appropriated9905-€3,918
Line2025
Assets
Total assets20/58€268,238
Current assets29/58€268,238
Amounts receivable within one year40/41€87,134
Other amounts receivable41€87,134
Current investments50/53€174,651
Cash at bank and in hand54/58€6,454
Equity and liabilities
Total equity and liabilities10/49€268,238
Equity10/15€132,034
Reserves13€132,034
Profit (loss) carried forward14€0
Amounts payable17/49€136,204
Amounts payable within one year42/48€130,646
Advances received on contracts in progress46€130,646
Accrued charges and deferred income492/3€5,558
Line2025
Profit (loss) for the period9904-€3,918
Operating cash flow (approximation)-€3,918

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

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Historical observation

In July 2024, 12,322 companies had the same profile as Businet has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
90.3% was still going
8.6% stopped otherwise
0.7% went bankrupt

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Businet itself: 0.3% within 12 months.

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.

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 12,322 companies, not a prediction for Businet. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-07-2025 micro format 09-09-2026 2026-00512684 PDF

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