Euregio Separation
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €115,058, larger than the loss of €534 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €603,520 |
| Depreciation and write-downs of the year | - | - | €114,421 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €114,421 | - |
| Other operating charges640/8 | €794 | €449 | €462 | ▲ 2.8% |
| Gross operating margin9900 | -€798 | -€84 | -€175 | ▼ 108% |
| Operating profit (loss)9901 | -€1,592 | -€534 | -€115,058 | ▼ 21,460% |
| Financial charges65/66B | €598 | €503 | €50,819 | ▲ 101× |
| Recurring financial charges65 | €598 | €503 | €50,819 | ▲ 101× |
| Profit (loss) for the period before taxes9903 | -€2,190 | -€1,037 | -€165,877 | ▼ 15,895% |
| Income taxes67/77 | - | €419 | -€419 | - |
| Profit (loss) for the period9904 | -€2,190 | -€1,456 | -€165,458 | ▼ 11,266% |
| Profit (loss) for the period to be appropriated9905 | -€2,190 | -€1,456 | -€165,458 | ▼ 11,266% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62,595 | €62,338 | €499,258 | ▲ 701% |
| Fixed assets21/28 | - | - | €489,099 | - |
| Tangible fixed assets22/27 | - | - | €489,099 | - |
| Leasing and similar rights25 | - | - | €489,099 | - |
| Current assets29/58 | €62,595 | €62,338 | €10,159 | ▼ 83.7% |
| Amounts receivable within one year40/41 | €4,902 | €53,788 | €7,732 | ▼ 85.6% |
| Trade receivables40 | - | €53,788 | €4,659 | ▼ 91.3% |
| Other amounts receivable41 | €4,902 | €0 | €3,074 | - |
| Cash at bank and in hand54/58 | €57,694 | €8,550 | €2,427 | ▼ 71.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62,595 | €62,338 | €499,258 | ▲ 701% |
| Equity10/15 | €57,810 | €56,354 | -€109,104 | - |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€2,190 | -€3,646 | -€169,104 | ▼ 4,539% |
| Amounts payable17/49 | €4,785 | €5,984 | €608,362 | ▲ 102× |
| Amounts payable after more than one year17 | - | - | €378,313 | - |
| Financial debts170/4 | - | - | €378,313 | - |
| Amounts payable within one year42/48 | €4,785 | €5,984 | €230,049 | ▲ 38× |
| Current portion of amounts payable after more than one year42 | - | - | €114,784 | - |
| Trade debts44 | €4,049 | €3,775 | €40,765 | ▲ 980% |
| Suppliers440/4 | €4,049 | €3,775 | €40,765 | ▲ 980% |
| Taxes, remuneration and social security45 | €736 | €2,209 | €0 | ▼ 100% |
| Taxes450/3 | €736 | €2,209 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €74,500 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,190 | -€1,456 | -€165,458 | ▼ 11,266% |
| + Depreciation and write-downs630 | - | - | €114,421 | - |
| Operating cash flow (approximation) | -€2,190 | -€1,456 | -€51,038 | ▼ 3,406% |
| Change in cash | - | -€49,143 | -€6,124 | ▲ 87.5% |
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, 490 companies had the same profile as Euregio Separation has now. Two years later, 88.8% were still going and 6.7% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Euregio Separation itself: 1.8% 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.
| 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 490 companies, not a prediction for Euregio Separation. 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.