POTALA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00391893.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 83% higher than 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.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 4 |
| full-time | 4 | 3 |
| part-time | - | 1 |
| in full-time equivalents | 4 | 3.8 |
| Average over the year, in full-time equivalents | 2.7 | 2.9 |
| On a permanent contract | 2 | 2 |
| Joined | 153 | 69 |
| Left | 149 | 69 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €411,496 | €9,311 |
| Intangible fixed assets | €89,000 | - |
| Depreciation and write-downs of the year | €32,277 | €30,607 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €537,706 | - | - |
| Remuneration, social security and pensions62 | €116,701 | €111,351 | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,277 | €30,607 | ▼ 5.2% |
| Other operating charges640/8 | €6,109 | €6,773 | ▲ 10.9% |
| Gross operating margin9900 | €190,251 | €213,239 | ▲ 12.1% |
| Operating profit (loss)9901 | €35,164 | €64,507 | ▲ 83.4% |
| Financial income75/76B | €588 | €4 | ▼ 99.4% |
| Recurring financial income75 | €1 | €4 | ▲ 185% |
| Non-recurring financial income76B | €587 | - | - |
| Financial charges65/66B | €3,638 | €16,296 | ▲ 348% |
| Recurring financial charges65 | €3,638 | €16,296 | ▲ 348% |
| Profit (loss) for the period before taxes9903 | €32,113 | €48,215 | ▲ 50.1% |
| Income taxes67/77 | €9,273 | €13,455 | ▲ 45.1% |
| Profit (loss) for the period9904 | €22,841 | €34,760 | ▲ 52.2% |
| Profit (loss) for the period to be appropriated9905 | €22,841 | €34,760 | ▲ 52.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €484,803 | €505,037 | ▲ 4.2% |
| Fixed assets21/28 | €468,219 | €446,922 | ▼ 4.5% |
| Intangible fixed assets21 | €62,251 | €44,451 | ▼ 28.6% |
| Tangible fixed assets22/27 | €405,967 | €402,471 | ▼ 0.9% |
| Land and buildings22 | €394,025 | €385,730 | ▼ 2.1% |
| Plant, machinery and equipment23 | €11,657 | €16,533 | ▲ 41.8% |
| Furniture and vehicles24 | €285 | €207 | ▼ 27.2% |
| Current assets29/58 | €16,585 | €58,115 | ▲ 250% |
| Stocks and contracts in progress3 | €1,000 | €1,000 | = |
| Stocks30/36 | €1,000 | €1,000 | = |
| Amounts receivable within one year40/41 | €7,883 | €3,866 | ▼ 51.0% |
| Trade receivables40 | €3,658 | €3,866 | ▲ 5.7% |
| Other amounts receivable41 | €4,225 | - | - |
| Cash at bank and in hand54/58 | €7,702 | €51,507 | ▲ 569% |
| Deferred charges and accrued income490/1 | - | €1,742 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €484,803 | €505,037 | ▲ 4.2% |
| Equity10/15 | €42,841 | €77,601 | ▲ 81.1% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Reserves13 | €22,727 | €57,273 | ▲ 152% |
| Distributable reserves133 | €22,727 | €57,273 | ▲ 152% |
| Profit (loss) carried forward14 | €113 | €328 | ▲ 189% |
| Amounts payable17/49 | €441,963 | €427,436 | ▼ 3.3% |
| Amounts payable after more than one year17 | €376,006 | €346,653 | ▼ 7.8% |
| Financial debts170/4 | €376,006 | €346,653 | ▼ 7.8% |
| Amounts payable within one year42/48 | €65,957 | €80,783 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | €25,062 | €30,316 | ▲ 21.0% |
| Trade debts44 | €6,174 | €16,968 | ▲ 175% |
| Suppliers440/4 | €6,174 | €16,968 | ▲ 175% |
| Taxes, remuneration and social security45 | €30,006 | €28,198 | ▼ 6.0% |
| Taxes450/3 | €12,877 | €17,533 | ▲ 36.2% |
| Remuneration and social security454/9 | €17,130 | €10,664 | ▼ 37.7% |
| Other amounts payable47/48 | €4,714 | €5,302 | ▲ 12.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €22,841 | €34,760 | ▲ 52.2% |
| + Depreciation and write-downs630 | €32,277 | €30,607 | ▼ 5.2% |
| Operating cash flow (approximation) | €55,118 | €65,367 | ▲ 18.6% |
| Investment in fixed assets (approximation) | - | -€9,311 | - |
| Change in cash | - | €43,805 | - |
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 POTALA 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 POTALA 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 7,976 companies, not a prediction for POTALA. 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.