REPLICAST
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 30-09-2025 |
|---|---|
| Average over the year, in full-time equivalents | 0.3 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-09-2025 |
|---|---|
| Tangible fixed assets | €428,332 |
| Intangible fixed assets | €21,391 |
| Depreciation and write-downs of the year | €42,395 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €27,702 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,395 |
| Other operating charges640/8 | €13,382 |
| Gross operating margin9900 | -€59,405 |
| Operating profit (loss)9901 | -€142,884 |
| Financial income75/76B | €58 |
| Recurring financial income75 | €58 |
| Financial charges65/66B | €2,712 |
| Recurring financial charges65 | €2,712 |
| Profit (loss) for the period before taxes9903 | -€145,538 |
| Profit (loss) for the period9904 | -€145,538 |
| Profit (loss) for the period to be appropriated9905 | -€145,538 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €551,109 | |
| Fixed assets21/28 | €449,724 | |
| Intangible fixed assets21 | €21,391 | |
| Tangible fixed assets22/27 | €428,332 | |
| Land and buildings22 | €31,082 | |
| Plant, machinery and equipment23 | €347,223 | |
| Furniture and vehicles24 | €2,227 | |
| Leasing and similar rights25 | €47,800 | |
| Current assets29/58 | €101,385 | |
| Amounts receivable within one year40/41 | €87,595 | |
| Trade receivables40 | €39,792 | |
| Other amounts receivable41 | €47,803 | |
| Cash at bank and in hand54/58 | €13,735 | |
| Deferred charges and accrued income490/1 | €55 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €551,109 | |
| Equity10/15 | €145,685 | |
| Contributions10/11 | €250,000 | |
| Profit (loss) carried forward14 | -€145,538 | |
| Amounts payable17/49 | €405,424 | |
| Amounts payable after more than one year17 | €351,437 | |
| Financial debts170/4 | €351,437 | |
| Amounts payable within one year42/48 | €37,302 | |
| Current portion of amounts payable after more than one year42 | €8,084 | |
| Trade debts44 | €5,519 | |
| Suppliers440/4 | €5,519 | |
| Advances received on contracts in progress46 | €715 | |
| Other amounts payable47/48 | €22,984 | |
| Accrued charges and deferred income492/3 | €16,685 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€145,538 |
| + Depreciation and write-downs630 | €42,395 |
| Operating cash flow (approximation) | -€103,144 |
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, 1,207 companies had the same profile as REPLICAST has now. Two years later, 4.6% had gone bankrupt and 90.1% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- 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 REPLICAST itself: 1.0% 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 1,207 companies, not a prediction for REPLICAST. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00096474 |