BYRSA
ActiveSummary
BYRSA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250k and a net result of €211k. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+52
Solvency100▲+29
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 4.8 against 0.89 in 2024; short-term debt: 8% and cash: 38.2% of total assets), and 10.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.5%
Return on assets
75.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €250k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d early
2023
44 d early
2022
32 d late
2021
54 d late
2020
26 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€211k
2024 · €-1k
2018: €-2k
2019: €2k▲ +213% vs 2018
2020: €13k▲ +625% vs 2019
2021: €14k▲ +8.4% vs 2020
2022: €-92k▼ -769% vs 2021lowest in 8 years
2023: €-31k▲ +66.4% vs 2022
2024: €-1k▲ +95.6% vs 2023
2025: €211k▲ +15740% vs 2024highest in 8 years
2018 → 2025
Working capital
€85k
2024 · €-5k
2018: €-91k
2019: €-102k▼ -12.3% vs 2018lowest in 8 years
2020: €-93k▲ +9.3% vs 2019
2021: €170k▲ +284% vs 2020highest in 8 years
2022: €69k▼ -59.7% vs 2021
2023: €28k▼ -59.3% vs 2022
2024: €-5k▼ -119% vs 2023
2025: €85k▲ +1678% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€262k-€169k▼ 35.5%€138k▼ 18.3%€136k▼ 1.7%€250k▲ 84.5%
2021: €262khighest in 5 years
2022: €169k▼ -35.5% vs 2021
2023: €138k▼ -18.3% vs 2022
2024: €136k▼ -1.7% vs 2023lowest in 5 years
2025: €250k▲ +84.5% vs 2024
Operating result€26k-€-87k€-27k▲ 69.3%€2k€213k▲ 10,521%
2021: €26k
2022: €-87k▼ -433% vs 2021lowest in 5 years
2023: €-27k▲ +69.3% vs 2022
2024: €2k▲ +108% vs 2023
2025: €213k▲ +10521% vs 2024highest in 5 years
Net result€14k-€-92k€-31k▲ 66.4%€-1k▲ 95.6%€211k
2021: €14k
2022: €-92k▼ -769% vs 2021lowest in 5 years
2023: €-31k▲ +66.4% vs 2022
2024: €-1k▲ +95.6% vs 2023
2025: €211k▲ +15740% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10,521% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280k
Fixed assets
€173k ▼ 31.0%
Current assets
€107k ▲ 146%
Equity and liabilities €280k
Equity
€250k ▲ 84.5%
Provisions
€0 ▼ 100%
Debt
€29k ▼ 71.3%
Debt's share of the balance-sheet total falls from 34.6% to 10.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▲
2024 · €12k
Cash flow
€219k▲
2024 · €9k
Current ratio
4.80▲
2024 · 0.89
Debt to equity
0.12▼
2024 · 0.75
ROE
84.3%▲
2024 · -1.0%
ROA
75.4%▲
2024 · -0.5%
Interest coverage
98.04▲
2024 · 3.61
Debt ≤ 1 year
€22k▼
2024 · €49k
Debt > 1 year
€6k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€294k€280k▼
Fixed assets21/28€251k€173k▼
Tangible fixed assets22/27€239k€162k▼
Land and buildings22€239k€162k▼
Financial fixed assets28€11k€11k=
Current assets29/58€43k€107k▲
Amounts receivable within one year40/41€6k-
Other amounts receivable41€6k-
Cash at bank and in hand54/58€38k€107k▲
Equity and liabilities
Total equity and liabilities10/49€294k€280k▼
Equity10/15€136k€250k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Revaluation surpluses12€116k€116k=
Reserves13€169k€73k▼
Tax-exempt reserves132€169k€73k▼
Profit (loss) carried forward14€-168k€43k▲
Provisions and deferred taxes16€56k-
Deferred taxes168€56k-
Amounts payable17/49€102k€29k▼
Amounts payable after more than one year17€53k€6k▼
Financial debts170/4€53k€6k▼
Amounts payable within one year42/48€49k€22k▼
Financial debts43€21k€2k▼
Credit institutions430/8€21k€2k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€20k€19k▼
Remuneration and social security454/9€20k€19k▼
Accrued charges and deferred income492/3-€996
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€19k-
Gross operating margin9900€31k€221k▲
Operating profit (loss)9901€2k€213k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-1k€211k▲
Profit (loss) for the period9904€-1k€211k▲
Profit (loss) for the period to be appropriated9905€-1k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-168k€43k▲
Profit (loss) brought forward from the previous period14P€-166k€-168k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €10k | €10k | €10k | €8k | ▼ 22.9% |
| Other operating charges640/8 | €293k | €94k | €41k | €19k | - | - |
| Gross operating margin9900 | €327k | €18k | €25k | €31k | €221k | ▲ 612% |
| Operating profit (loss)9901 | €26k | €-87k | €-27k | €2k | €213k | ▲ 10,521% |
| Financial charges65/66B | €12k | €5k | €4k | €3k | €2k | ▼ 32.8% |
| Recurring financial charges65 | €12k | €5k | €4k | €3k | €2k | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €14k | €-92k | €-31k | €-1k | €211k | ▲ 15,740% |
| Profit (loss) for the period9904 | €14k | €-92k | €-31k | €-1k | €211k | ▲ 15,740% |
| Transfer from tax-exempt reserves789 | - | - | €963 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14k | €-92k | €-30k | €-1k | €211k | ▲ 15,740% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €475k | €365k | €315k | €294k | €280k | ▼ 4.8% |
| Fixed assets21/28 | €281k | €271k | €261k | €251k | €173k | ▼ 31.0% |
| Tangible fixed assets22/27 | €270k | €260k | €250k | €239k | €162k | ▼ 32.4% |
| Land and buildings22 | €270k | €260k | €250k | €239k | €162k | ▼ 32.4% |
| Financial fixed assets28 | €11k | €11k | €11k | €11k | €11k | = |
| Current assets29/58 | €194k | €94k | €54k | €43k | €107k | ▲ 146% |
| Amounts receivable within one year40/41 | €7k | €5k | €6k | €6k | - | - |
| Trade receivables40 | €7k | €5k | - | - | - | - |
| Other amounts receivable41 | - | - | €6k | €6k | - | - |
| Cash at bank and in hand54/58 | €186k | €89k | €49k | €38k | €107k | ▲ 183% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €475k | €365k | €315k | €294k | €280k | ▼ 4.8% |
| Equity10/15 | €262k | €169k | €138k | €136k | €250k | ▲ 84.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | €116k | €116k | €116k | €116k | €116k | = |
| Reserves13 | €172k | €171k | €170k | €169k | €73k | ▼ 56.9% |
| Tax-exempt reserves132 | €172k | €171k | €170k | €169k | €73k | ▼ 56.9% |
| Profit (loss) carried forward14 | €-45k | €-136k | €-166k | €-168k | €43k | ▲ 126% |
| Provisions and deferred taxes16 | €57k | €57k | €57k | €56k | - | - |
| Deferred taxes168 | €57k | €57k | €57k | €56k | - | - |
| Amounts payable17/49 | €156k | €139k | €120k | €102k | €29k | ▼ 71.3% |
| Amounts payable after more than one year17 | €112k | €93k | €74k | €53k | €6k | ▼ 88.7% |
| Financial debts170/4 | €112k | €93k | €74k | €53k | €6k | ▼ 88.7% |
| Amounts payable within one year42/48 | €23k | €26k | €27k | €49k | €22k | ▼ 54.4% |
| Financial debts43 | €17k | €19k | €20k | €21k | €2k | ▼ 91.8% |
| Credit institutions430/8 | €17k | €19k | €20k | €21k | €2k | ▼ 91.8% |
| Trade debts44 | €7k | €7k | €7k | €8k | €2k | ▼ 80.6% |
| Suppliers440/4 | €7k | €7k | €7k | €8k | €2k | ▼ 80.6% |
| Taxes, remuneration and social security45 | - | - | - | €20k | €19k | ▼ 5.6% |
| Remuneration and social security454/9 | - | - | - | €20k | €19k | ▼ 5.6% |
| Accrued charges and deferred income492/3 | €20k | €20k | €20k | - | €996 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-92k | €-31k | €-1k | €211k | ▲ 15,740% |
| + Depreciation and write-downs630 | €8k | €10k | €10k | €10k | €8k | ▼ 22.9% |
| Operating cash flow (approximation) | €22k | €-82k | €-21k | €9k | €219k | ▲ 2,399% |
| Investment in fixed assets (approximation) | - | €215 | €0 | €0 | €70k | - |
| Change in cash | - | €-98k | €-40k | €-11k | €69k | ▲ 726% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €211k
Net result €211k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 4.80
Current ratio from 0.89 to 4.80; short-term debt falls from €49k to €22k.
31-12
Financial
Equity above €200kEq €250k ▲84.5%
Equity rises from €136k to €250k.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 54 days late
2021
31-12
Financial
Liquidity times 102current ratio 8.27
Current ratio from 0.08 to 8.27; short-term debt falls from €101k to €23k.
31-12
Financial
Equity above €200kEq €262k ▲60.6%
3 profitable years in a row build equity to €262k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
Show earlier events
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Equity above €150kEq €150k ▲1.2%
Equity rises from €149k to €150k.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 2000
Ground area
783 m²
Building footprint
69 m²
Volume, LiDAR
631 m³
Parcel 62332B0024/00T003, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Byrsa sp
since 20002.096.610.854
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62332B0024/00T003 | Wallonia | 783 m² | 1 · 69 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-05-2000
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.