OBEA
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 22% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €12,260 | €37,739 | €8,956 |
| Depreciation and write-downs of the year | €3,584 | €10,853 | €11,610 |
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 | €3,584 | €10,853 | €11,610 | ▲ 7.0% |
| Other operating charges640/8 | €149 | €186 | €1,072 | ▲ 476% |
| Gross operating margin9900 | €14,427 | €21,402 | €20,756 | ▼ 3.0% |
| Operating profit (loss)9901 | €10,694 | €10,364 | €8,073 | ▼ 22.1% |
| Financial income75/76B | - | €271 | - | - |
| Recurring financial income75 | - | €271 | - | - |
| Financial charges65/66B | €63 | €1,532 | €1,422 | ▼ 7.2% |
| Recurring financial charges65 | €63 | €1,532 | €1,422 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €10,631 | €9,104 | €6,652 | ▼ 26.9% |
| Income taxes67/77 | €2,205 | €912 | €1,000 | ▲ 9.6% |
| Profit (loss) for the period9904 | €8,426 | €8,191 | €5,652 | ▼ 31.0% |
| Profit (loss) for the period to be appropriated9905 | €8,426 | €8,191 | €5,652 | ▼ 31.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €24,443 | €52,984 | €44,076 | ▼ 16.8% |
| Fixed assets21/28 | €8,677 | €35,563 | €32,739 | ▼ 7.9% |
| Tangible fixed assets22/27 | €8,677 | €35,563 | €32,739 | ▼ 7.9% |
| Plant, machinery and equipment23 | €6,074 | €4,032 | €1,313 | ▼ 67.4% |
| Furniture and vehicles24 | €2,603 | €31,531 | €31,426 | ▼ 0.3% |
| Current assets29/58 | €15,766 | €17,421 | €11,338 | ▼ 34.9% |
| Amounts receivable within one year40/41 | €9,840 | €9,783 | €4,523 | ▼ 53.8% |
| Trade receivables40 | €9,039 | €4,164 | €4,055 | ▼ 2.6% |
| Other amounts receivable41 | €801 | €5,618 | €468 | ▼ 91.7% |
| Cash at bank and in hand54/58 | €5,847 | €7,493 | €6,157 | ▼ 17.8% |
| Deferred charges and accrued income490/1 | €79 | €145 | €658 | ▲ 352% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €24,443 | €52,984 | €44,076 | ▼ 16.8% |
| Equity10/15 | €12,426 | €12,570 | €12,722 | ▲ 1.2% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Contributions outside capital11 | €4,000 | €4,000 | €4,000 | = |
| Other1109/19 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €8,426 | €8,426 | €8,426 | = |
| Distributable reserves133 | €8,426 | €8,426 | €8,426 | = |
| Profit (loss) carried forward14 | - | €144 | €295 | ▲ 105% |
| Amounts payable17/49 | €12,016 | €40,413 | €31,354 | ▼ 22.4% |
| Amounts payable after more than one year17 | - | €19,921 | €11,024 | ▼ 44.7% |
| Financial debts170/4 | - | €19,921 | €11,024 | ▼ 44.7% |
| Amounts payable within one year42/48 | €12,016 | €20,492 | €20,330 | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €8,415 | €8,897 | ▲ 5.7% |
| Trade debts44 | €8,077 | €3,480 | €4,853 | ▲ 39.5% |
| Suppliers440/4 | €8,077 | €3,480 | €4,853 | ▲ 39.5% |
| Taxes, remuneration and social security45 | €2,543 | €550 | - | - |
| Taxes450/3 | €2,543 | €550 | - | - |
| Other amounts payable47/48 | €1,396 | €8,047 | €6,580 | ▼ 18.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,426 | €8,191 | €5,652 | ▼ 31.0% |
| + Depreciation and write-downs630 | €3,584 | €10,853 | €11,610 | ▲ 7.0% |
| Operating cash flow (approximation) | €12,010 | €19,044 | €17,262 | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | -€37,739 | -€8,786 | ▲ 76.7% |
| Change in cash | - | €1,646 | -€1,336 | - |
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, 7,976 companies had the same profile as OBEA has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OBEA itself: 2.1% 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 7,976 companies, not a prediction for OBEA. 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.