FBBC BEL
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €5.8m, larger than the loss of €58,779 in 2024. It is the lowest result since 2022.
- 2025 Net result -9,916% on 2024. The accounts now follow the full format, last year the abbreviated format.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Financial fixed assets | €8.0m | - | €354,715 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €0.001m | €0.001m | €0.001m | €5.7m | ▲ 4,874× |
| Gross operating margin9900 | -€0.05m | -€0.02m | -€0.06m | -€0.06m | ▼ 8.6% |
| Operating profit (loss)9901 | -€0.05m | -€0.02m | -€0.06m | -€5.8m | ▼ 9,714% |
| Financial charges65/66B | €60 | €104 | €174 | €0.1m | ▲ 786× |
| Recurring financial charges65 | €60 | €104 | €174 | €0.1m | ▲ 613× |
| Non-recurring financial charges66B | - | - | - | €0.03m | - |
| Profit (loss) for the period before taxes9903 | -€0.05m | -€0.02m | -€0.06m | -€5.9m | ▼ 9,916% |
| Profit (loss) for the period9904 | -€0.05m | -€0.02m | -€0.06m | -€5.9m | ▼ 9,916% |
| Profit (loss) for the period to be appropriated9905 | -€0.05m | -€0.02m | -€0.06m | -€5.9m | ▼ 9,916% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8.0m | €8.0m | €8.3m | €7.8m | ▼ 6.1% |
| Fixed assets21/28 | €8.0m | €8.0m | €8.3m | €0 | ▼ 100% |
| Financial fixed assets28 | €8.0m | €8.0m | €8.3m | €0 | ▼ 100% |
| Current assets29/58 | €0.03m | €0.02m | €0.009m | €7.8m | ▲ 915× |
| Stocks and contracts in progress3 | - | - | - | €7.8m | - |
| Stocks30/36 | - | - | - | €7.8m | - |
| Amounts receivable within one year40/41 | - | - | €0.008m | €0 | ▼ 100% |
| Trade receivables40 | - | - | €0.008m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.001m | €0.04m | ▲ 33× |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8.0m | €8.0m | €8.3m | €7.8m | ▼ 6.1% |
| Equity10/15 | €8.0m | €8.0m | €8.3m | €2.7m | ▼ 67.9% |
| Contributions10/11 | €8.1m | €8.1m | €8.4m | €8.7m | ▲ 3.1% |
| Capital10 | €8.1m | €8.1m | €8.4m | €8.7m | ▲ 3.1% |
| Issued capital100 | €9.0m | €9.0m | €9.0m | €9.0m | = |
| Uncalled capital101 | €0.9m | €0.9m | €0.6m | €0.3m | ▼ 47.6% |
| Profit (loss) carried forward14 | -€0.05m | -€0.07m | -€0.1m | -€6.0m | ▼ 4,419% |
| Amounts payable17/49 | €0.001m | €0.01m | €0.03m | €5.2m | ▲ 162× |
| Amounts payable after more than one year17 | - | - | - | €5.0m | - |
| Financial debts170/4 | - | - | - | €5.0m | - |
| Amounts payable within one year42/48 | €0.001m | €0.01m | €0.03m | €0.05m | ▲ 67.8% |
| Trade debts44 | €0.001m | €0.01m | €0.02m | €0.05m | ▲ 228% |
| Suppliers440/4 | €0.001m | €0.01m | €0.02m | €0.05m | ▲ 228% |
| Other amounts payable47/48 | - | - | €0.02m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | -€0.02m | -€0.06m | -€5.9m | ▼ 9,916% |
| Operating cash flow (approximation) | -€0.05m | -€0.02m | -€0.06m | -€5.9m | ▼ 9,916% |
| Investment in fixed assets (approximation) | - | €0 | -€0.4m | €8.3m | - |
| Change in cash | - | -€0.01m | -€0.02m | €0.03m | - |
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, 147 companies had the same profile as FBBC BEL has now. Two years later, 91.8% were still going and 2.0% had gone bankrupt.
- Medium-sized
- solvency 30% or more
- a loss of 10% of the balance sheet or more
- without age
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FBBC BEL itself: 0.8% 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 147 companies, not a prediction for FBBC BEL. 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.