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Ebathem

Active
Private limited companyfounded 2024active for 1 yearEekhoekstraat 20, 9270 Laarne, BelgiumKBO/BCE: BE 1017.160.905

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 03-07-2026 at the NBB

Turnover
≈ €170,000
Estimated: probably between €120,000 and €210,000
Total assets
€80,847
Net result
€50,031
Working capital
€54,072

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 €80,847
Fixed assets €959
Current assets €79,888
Equity and liabilities €80,847
Equity €55,031
Debt €25,817
Debt's share of the balance-sheet total is 31.9%.
Key figures and ratios
2025 value
EBITDA
€68,537
Cash flow
€53,282
Current ratio
3.09
Debt to equity
0.47
ROE
90.9%
ROA
61.9%
Interest coverage
over 100
Debt ≤ 1 year
€25,817
Income taxes
€15,349

Investments

fixed assets acquired
Item2025
Tangible fixed assets€1,339
Depreciation and write-downs of the year€3,251

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

Comparable companies

These companies have the same main activity as Ebathem: activities of bailiffs (NACE 69103). They are comparable in size and age: total assets between €62,400 and €136,000, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Ebathem Laarne2024€80,847€55,031€69,691€50,0312025
ROOSALEX Namur2025€88,685€40,898€63,528€41,6312025
Mivigu Harelbeke2024€84,998€54,955€61,054€39,6042025
ANNOVI Antwerpen2024€64,605€39,137€66,958€36,9702025
GDWMB Dendermonde2024€136,233€116,720€82,605€65,1112026
HEEDEEWEE Antwerpen2024€111,299€56,272€64,786€41,4312025
Jessica Brassart Flobecq2025€62,428€44,234€57,173€41,2342025

They were chosen from the 614 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, 11,279 companies had the same profile as Ebathem has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of Ebathem itself: < 0.1% within 12 months.

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 11,279 companies, not a prediction for Ebathem. 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 · 36 lines

Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€80,847
Fixed assets21/28€959
Tangible fixed assets22/27€959
Furniture and vehicles24€959
Current assets29/58€79,888
Amounts receivable within one year40/41€34,060
Trade receivables40€33,517
Other amounts receivable41€542
Cash at bank and in hand54/58€45,827
Deferred charges and accrued income490/1€1
Equity and liabilities
Total equity and liabilities10/49€80,847
Equity10/15€55,031
Contributions10/11€5,000
Reserves13€50,031
Distributable reserves133€50,031
Amounts payable17/49€25,817
Amounts payable within one year42/48€25,817
Trade debts44€1,652
Suppliers440/4€1,652
Taxes, remuneration and social security45€24,165
Taxes450/3€24,165
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,251
Other operating charges640/8€1,154
Gross operating margin9900€69,691
Operating profit (loss)9901€65,286
Financial income75/76B€134
Recurring financial income75€134
Financial charges65/66B€40
Recurring financial charges65€40
Profit (loss) for the period before taxes9903€65,380
Income taxes67/77€15,349
Profit (loss) for the period9904€50,031
Profit (loss) for the period to be appropriated9905€50,031
Appropriation of the result
Profit (loss) to be appropriated9906€50,031
Transfer to equity691/2€50,031
To other reserves6921€50,031

The notes to these accounts have 5 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.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,251
Other operating charges640/8€1,154
Gross operating margin9900€69,691
Operating profit (loss)9901€65,286
Financial income75/76B€134
Recurring financial income75€134
Financial charges65/66B€40
Recurring financial charges65€40
Profit (loss) for the period before taxes9903€65,380
Income taxes67/77€15,349
Profit (loss) for the period9904€50,031
Profit (loss) for the period to be appropriated9905€50,031
Line2025
Assets
Total assets20/58€80,847
Fixed assets21/28€959
Tangible fixed assets22/27€959
Furniture and vehicles24€959
Current assets29/58€79,888
Amounts receivable within one year40/41€34,060
Trade receivables40€33,517
Other amounts receivable41€542
Cash at bank and in hand54/58€45,827
Deferred charges and accrued income490/1€1
Equity and liabilities
Total equity and liabilities10/49€80,847
Equity10/15€55,031
Contributions10/11€5,000
Reserves13€50,031
Distributable reserves133€50,031
Amounts payable17/49€25,817
Amounts payable within one year42/48€25,817
Trade debts44€1,652
Suppliers440/4€1,652
Taxes, remuneration and social security45€24,165
Taxes450/3€24,165
Line2025
Profit (loss) for the period9904€50,031
+ Depreciation and write-downs630€3,251
Operating cash flow (approximation)€53,282

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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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 03-07-2026 2026-00245177 NBB

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