FOOBAR
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 01-10-2026 at the NBB all 17 filings
Turnover
≈ €150,000
Estimated: probably between €130,000 and €200,000
Total assets
€195,850▼ 3.2%
2025 · €202,245
Net result
€47,548▲ 14.7%
2025 · €41,468
Working capital
€142,213▲ 0.2%
2025 · €141,915
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€65,021
▲ 10.2%
2026
20192026
Net result
€47,548
▲ 14.7%
2026
20192026
Equity
€177,337
▼ 4.5%
2026
20192026
Total assets
€195,850
▼ 3.2%
2026
20192026
Debt
€18,513
▲ 12.5%
2026
20192026
Working capital
€142,213
▲ 0.2%
2026
20192026
Solvency
90.5%
▼ 1.3pp
2026
20192026
Current ratio
8.81
▼ 0.98
2026
20192026
Return on assets (ROA)
24.3%
▲ 3.8pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€23,601-€27,116▲ 14.9%€25,091▼ 7.5%€31,028▲ 23.7%€52,029▲ 67.7%€33,001▼ 36.6%€59,020▲ 78.8%€65,021▲ 10.2%
Net result€16,048-€18,420▲ 14.8%€17,371within the sector's middle half▼ 5.7%€21,230within the sector's middle half▲ 22.2%€37,430within the sector's middle half▲ 76.3%€22,355within the sector's middle half▼ 40.3%€41,468within the sector's middle half▲ 85.5%€47,548▲ 14.7%
Equity€182,941-€199,737▲ 9.2%€117,107within the sector's middle half▼ 41.4%€118,337within the sector's middle half▲ 1.1%€137,967within the sector's middle half▲ 16.6%€160,322within the sector's middle half▲ 16.2%€185,790above the sector's middle half▲ 15.9%€177,337▼ 4.5%
Total assets€198,144-€210,705▲ 6.3%€233,083within the sector's middle half▲ 10.6%€192,693within the sector's middle half▼ 17.3%€183,177within the sector's middle half▼ 4.9%€180,422within the sector's middle half▼ 1.5%€202,245within the sector's middle half▲ 12.1%€195,850▼ 3.2%
Debt€15,203-€10,969▼ 27.9%€115,975▲ 957%€74,355▼ 35.9%€45,210▼ 39.2%€20,101▼ 55.5%€16,455▼ 18.1%€18,513▲ 12.5%
Working capital€169,868-€194,369▲ 14.4%€113,640within the sector's middle half▼ 41.5%€133,258above the sector's middle half▲ 17.3%€79,918within the sector's middle half▼ 40.0%€116,418within the sector's middle half▲ 45.7%€141,915above the sector's middle half▲ 21.9%€142,213▲ 0.2%
Solvency92.3%-94.8%▲ 2.5pp50.2%within the sector's middle half▼ 44.6pp61.4%within the sector's middle half▲ 11.2pp75.3%within the sector's middle half▲ 13.9pp88.9%above the sector's middle half▲ 13.5pp91.9%above the sector's middle half▲ 3.0pp90.5%▼ 1.3pp
Current ratio12.17-18.72▲ 6.551.98within the sector's middle half▼ 16.743.56within the sector's middle half▲ 1.582.78within the sector's middle half▼ 0.786.88above the sector's middle half▲ 4.109.78above the sector's middle half▲ 2.908.81▼ 0.98
Return on assets (ROA)8.1%-8.7%▲ 0.6pp7.5%within the sector's middle half▼ 1.3pp11.0%within the sector's middle half▲ 3.6pp20.4%within the sector's middle half▲ 9.4pp12.4%within the sector's middle half▼ 8.0pp20.5%within the sector's middle half▲ 8.1pp24.3%▲ 3.8pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 10% higher than in 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.
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
2026 in colour, 2025 as the grey bar beneath
Assets €195,850
Fixed assets
€35,422 ▼ 19.8%
Current assets
€160,429 ▲ 1.5%
Equity and liabilities €195,850
Equity
€177,337 ▼ 4.5%
Debt
€18,513 ▲ 12.5%
Debt's share of the balance-sheet total rises from 8.1% to 9.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€76,152▲
2025 · €64,141
Cash flow
€58,679▲
2025 · €46,589
Debt to equity
0.10▲
2025 · 0.09
ROE
26.8%▲
2025 · 22.3%
Interest coverage
over 100▲
2025 · 84.37
Debt ≤ 1 year
€18,216▲
2025 · €16,158
Income taxes
€18,554▲
2025 · €16,803
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,085 | €60,978 | €2,168 | €40,397 | €2,381 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €3,357 | €9,928 | €15,101 | €5,121 | €11,131 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,000 | €0 | - | €1,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,123 | €7,706 | €1,801 | €3,357 | €9,928 | €15,101 | €5,121 | €11,131 | ▲ 117% |
| Other operating charges640/8 | - | - | - | €468 | €469 | €1,074 | €1,014 | €709 | ▼ 30.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €8,155 | €0 | ▼ 100% |
| Gross operating margin9900 | €32,202 | €35,301 | €27,359 | €34,852 | €62,426 | €49,176 | €73,311 | €76,861 | ▲ 4.8% |
| Operating profit (loss)9901 | €23,601 | €27,116 | €25,091 | €31,028 | €52,029 | €33,001 | €59,020 | €65,021 | ▲ 10.2% |
| Financial income75/76B | - | - | - | €0 | €0 | €0 | €11 | €1,727 | ▲ 159× |
| Recurring financial income75 | €0 | €1 | €0 | €0 | €0 | €0 | €11 | €1,727 | ▲ 159× |
| Financial charges65/66B | - | - | - | €550 | €563 | €1,046 | €760 | €647 | ▼ 14.9% |
| Recurring financial charges65 | €453 | €806 | €423 | €550 | €563 | €1,046 | €760 | €647 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | €23,148 | €26,310 | €24,668 | €30,478 | €51,466 | €31,955 | €58,271 | €66,101 | ▲ 13.4% |
| Income taxes67/77 | €7,100 | €7,890 | €7,297 | €9,248 | €14,036 | €9,600 | €16,803 | €18,554 | ▲ 10.4% |
| Profit (loss) for the period9904 | €16,048 | €18,420 | €17,371 | €21,230 | €37,430 | €22,355 | €41,468 | €47,548 | ▲ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €16,048 | €18,420 | €17,371 | €21,230 | €37,430 | €22,355 | €41,468 | €47,548 | ▲ 14.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €198,144 | €210,705 | €233,083 | €192,693 | €183,177 | €180,422 | €202,245 | €195,850 | ▼ 3.2% |
| Fixed assets21/28 | €13,073 | €5,368 | €3,567 | €7,295 | €58,346 | €44,201 | €44,172 | €35,422 | ▼ 19.8% |
| Tangible fixed assets22/27 | €12,776 | €5,071 | €3,270 | €6,998 | €58,049 | €43,904 | €43,875 | €35,125 | ▼ 19.9% |
| Furniture and vehicles24 | - | - | - | €5,543 | €49,146 | €37,005 | €38,980 | €32,234 | ▼ 17.3% |
| Other tangible fixed assets26 | - | - | - | €1,455 | €8,903 | €6,899 | €4,895 | €2,891 | ▼ 40.9% |
| Financial fixed assets28 | €297 | €297 | €297 | €297 | €297 | €297 | €297 | €297 | = |
| Current assets29/58 | €185,071 | €205,338 | €229,516 | €185,397 | €124,832 | €136,222 | €158,073 | €160,429 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €20,694 | €32,654 | €38,719 | €36,214 | €26,550 | €20,493 | €48,995 | €98,261 | ▲ 101% |
| Trade receivables40 | - | - | - | €22,436 | €18,731 | €16,093 | €48,168 | €47,236 | ▼ 1.9% |
| Other amounts receivable41 | - | - | - | €13,778 | €7,820 | €4,400 | €826 | €51,024 | ▲ 62× |
| Cash at bank and in hand54/58 | €147,900 | €170,773 | €188,348 | €146,688 | €96,190 | €113,257 | €106,455 | €59,541 | ▼ 44.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,495 | €2,091 | €2,472 | €2,623 | €2,627 | ▲ 0.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €198,144 | €210,705 | €233,083 | €192,693 | €183,177 | €180,422 | €202,245 | €195,850 | ▼ 3.2% |
| Equity10/15 | €182,941 | €199,737 | €117,107 | €118,337 | €137,967 | €160,322 | €185,790 | €177,337 | ▼ 4.5% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €155,660 | €173,660 | €90,660 | €91,660 | €110,860 | €133,160 | €158,560 | €150,060 | ▼ 5.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €89,800 | €110,860 | €133,160 | €158,560 | €150,060 | ▼ 5.4% |
| Profit (loss) carried forward14 | €21,081 | €19,877 | €20,247 | €20,477 | €20,907 | €20,962 | €21,030 | €21,077 | ▲ 0.2% |
| Amounts payable17/49 | €15,203 | €10,969 | €115,975 | €74,355 | €45,210 | €20,101 | €16,455 | €18,513 | ▲ 12.5% |
| Amounts payable within one year42/48 | €15,203 | €10,969 | €115,876 | €52,139 | €44,913 | €19,804 | €16,158 | €18,216 | ▲ 12.7% |
| Trade debts44 | €5,125 | €3,162 | €3,032 | €13,873 | €12,424 | €7,855 | €1,300 | €1,651 | ▲ 26.9% |
| Suppliers440/4 | - | - | - | €13,873 | €12,424 | €7,855 | €1,300 | €1,651 | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | - | - | €18,266 | €14,689 | €11,538 | €14,858 | €16,565 | ▲ 11.5% |
| Taxes450/3 | - | - | - | €10,530 | €6,819 | €3,204 | €6,372 | €7,834 | ▲ 22.9% |
| Remuneration and social security454/9 | - | - | - | €7,736 | €7,870 | €8,334 | €8,486 | €8,732 | ▲ 2.9% |
| Other amounts payable47/48 | - | - | - | €20,000 | €17,800 | €410 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €22,217 | €297 | €297 | €297 | €297 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,048 | €18,420 | €17,371 | €21,230 | €37,430 | €22,355 | €41,468 | €47,548 | ▲ 14.7% |
| + Depreciation and write-downs630 | €8,123 | €7,706 | €1,801 | €3,357 | €9,928 | €15,101 | €5,121 | €11,131 | ▲ 117% |
| Operating cash flow (approximation) | €24,171 | €26,125 | €19,172 | €24,587 | €47,358 | €37,456 | €46,589 | €58,679 | ▲ 26.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,085 | -€60,978 | -€956 | -€5,092 | -€2,381 | ▲ 53.2% |
| Change in cash | - | €22,873 | €17,574 | -€41,660 | -€50,497 | €17,066 | -€6,802 | -€46,914 | ▼ 590% |
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, 34,693 companies had the same profile as FOOBAR has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of FOOBAR itself: 0.1% 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 34,693 companies, not a prediction for FOOBAR. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 01-10-2026 | 2026-00540006 | |
| 31-03-2025 | micro format | 28-10-2025 | 2025-00550711 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00525902 | |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00496614 | |
| 31-03-2022 | micro format | 06-09-2022 | 2022-20419739 | |
| 31-03-2021 | micro format | 22-10-2021 | 2021-72700551 | |
| 31-03-2020 | micro format | 22-09-2020 | 2020-55800403 | |
| 31-03-2019 | micro format | 30-09-2019 | 2019-67900132 | |
| 31-03-2018 | micro format | 03-09-2018 | 2018-61100363 | |
| 31-03-2017 | micro format | 13-11-2017 | 2017-69600220 |