OB
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-03-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €32,716, larger than the loss of €27,665 in 2024. It is the lowest result since 2022.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,000 | €37,853 |
| Depreciation and write-downs of the year | - | - | €85 | €2,325 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €992 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1,200 | - | €27,424 | €43,060 | ▲ 57.0% |
| Remuneration, social security and pensions62 | - | - | €100 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €85 | €2,325 | ▲ 27× |
| Other operating charges640/8 | €175 | - | €1,048 | €2,532 | ▲ 142% |
| Gross operating margin9900 | -€1,200 | - | -€26,432 | -€27,859 | ▼ 5.4% |
| Operating profit (loss)9901 | -€1,375 | - | -€27,665 | -€32,716 | ▼ 18.3% |
| Financial charges65/66B | - | €62 | €91 | €186 | ▲ 104% |
| Recurring financial charges65 | - | €62 | €91 | €186 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | -€1,375 | -€62 | -€27,756 | -€32,902 | ▼ 18.5% |
| Profit (loss) for the period9904 | -€1,375 | -€62 | -€27,756 | -€32,902 | ▼ 18.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,375 | -€62 | -€27,756 | -€32,902 | ▼ 18.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1,511 | €403 | €13,564 | €30,205 | ▲ 123% |
| Fixed assets21/28 | - | - | €915 | €20,327 | ▲ 22× |
| Tangible fixed assets22/27 | - | - | €915 | €20,327 | ▲ 22× |
| Plant, machinery and equipment23 | - | - | - | €2,089 | - |
| Furniture and vehicles24 | - | - | €915 | €18,238 | ▲ 20× |
| Current assets29/58 | €1,511 | €403 | €12,649 | €9,878 | ▼ 21.9% |
| Amounts receivable within one year40/41 | €1,511 | €403 | €5,763 | €8,545 | ▲ 48.3% |
| Trade receivables40 | €1,511 | €252 | €2,515 | €6,538 | ▲ 160% |
| Other amounts receivable41 | - | €152 | €3,248 | €2,007 | ▼ 38.2% |
| Cash at bank and in hand54/58 | €1 | - | €6,886 | €1,333 | ▼ 80.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1,511 | €403 | €13,564 | €30,205 | ▲ 123% |
| Equity10/15 | -€375 | -€437 | -€28,193 | -€61,095 | ▼ 117% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€1,375 | -€1,437 | -€29,193 | -€62,095 | ▼ 113% |
| Amounts payable17/49 | €1,886 | €840 | €41,757 | €91,301 | ▲ 119% |
| Amounts payable within one year42/48 | €1,886 | €840 | €41,757 | €91,301 | ▲ 119% |
| Trade debts44 | €1,200 | €93 | €15,453 | €21,483 | ▲ 39.0% |
| Suppliers440/4 | €1,200 | €93 | €15,453 | €21,483 | ▲ 39.0% |
| Other amounts payable47/48 | €687 | €748 | €26,304 | €69,818 | ▲ 165% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,375 | -€62 | -€27,756 | -€32,902 | ▼ 18.5% |
| + Depreciation and write-downs630 | - | - | €85 | €2,325 | ▲ 27× |
| Operating cash flow (approximation) | -€1,375 | -€62 | -€27,671 | -€30,578 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | - | - | -€21,737 | - |
| Change in cash | - | - | - | -€5,553 | - |
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, 7,639 companies had the same profile as OB has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OB itself: 4.6% 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 7,639 companies, not a prediction for OB. 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.