SKILLSHOT
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 10 days after the deadline Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393550.
Annual accounts 2025 filed on 10-08-2026 at the NBB all 48 filings
Turnover
€19,759▼ 75.9%
2024 · €81,981
EBIT margin
-48.2%▼ 63.2pp
2024 · 15.0%
Net result
-€5,581
2024 · €23,625
Working capital
€467,612▼ 27.3%
2023 · €643,324
In the rankings
#1 oldest company in Fleurus, Administrative and support services sector#9 company by equity in Fleurus, Administrative and support services sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€19,759
▼ 75.9%
2025
20182025
Operating result
-€9,521
2025
20182025
Net result
-€5,581
2025
lowest quarter of the sector
20182025
EBIT margin
-48.2%
▼ 63.2pp
2025
20182025
Equity
€461,283
▼ 1.2%
2025
middle half of the sector
20182025
Total assets
€461,327
▼ 31.1%
2025
lowest quarter of the sector
20182025
Debt
€44
▼ 100.0%
2025
20182025
Working capital
no figure
2025
20182025
Solvency
100.0%
▲ 30.2pp
2025
highest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
-1.2%
▼ 4.7pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€11,034€87,631▲ 694%€60,130▼ 31.4%€81,981▲ 36.3%€19,759▼ 75.9%
Operating result-€995--€3,362▼ 238%-€563▲ 83.3%-€4,730▼ 740%€8,540-€4,197€12,301-€9,521
Net result-€3,391--€29,779▼ 778%€5,387within the sector's middle half€1,996within the sector's middle half▼ 62.9%€15,312within the sector's middle half▲ 667%€1,716within the sector's middle half▼ 88.8%€23,625within the sector's middle half▲ 14×-€5,581below the sector's middle half
EBIT margin-42.9%9.7%▲ 52.6pp-7.0%▼ 16.7pp15.0%▲ 22.0pp-48.2%▼ 63.2pp
Equity€648,606-€618,827▼ 4.6%€624,214within the sector's middle half▲ 0.9%€626,210within the sector's middle half▲ 0.3%€641,522within the sector's middle half▲ 2.4%€643,239within the sector's middle half▲ 0.3%€466,864within the sector's middle half▼ 27.4%€461,283within the sector's middle half▼ 1.2%
Total assets€780,539-€622,161▼ 20.3%€626,698within the sector's middle half▲ 0.7%€632,174within the sector's middle half▲ 0.9%€641,744within the sector's middle half▲ 1.5%€643,584within the sector's middle half▲ 0.3%€669,084within the sector's middle half▲ 4.0%€461,327below the sector's middle half▼ 31.1%
Debt€131,933-€3,334▼ 97.5%€2,484▼ 25.5%€5,963▲ 140%€221▼ 96.3%€345▲ 56.0%€202,220▲ 586×€44▼ 100.0%
Working capital€648,606-€619,017▼ 4.6%€624,222within the sector's middle half▲ 0.8%€626,271within the sector's middle half▲ 0.3%€641,573within the sector's middle half▲ 2.4%€643,324within the sector's middle half▲ 0.3%€467,612within the sector's middle half▼ 27.3%
Solvency83.1%-99.5%▲ 16.4pp99.6%above the sector's middle half▲ 0.1pp99.1%above the sector's middle half▼ 0.5pp100.0%above the sector's middle half▲ 0.9pp99.9%above the sector's middle half=69.8%above the sector's middle half▼ 30.2pp100.0%above the sector's middle half▲ 30.2pp
Current ratio5.92-3.32above the sector's middle half
Return on assets (ROA)-0.4%--4.8%▼ 4.4pp0.9%within the sector's middle half▲ 5.6pp0.3%within the sector's middle half▼ 0.5pp2.4%within the sector's middle half▲ 2.1pp0.3%within the sector's middle half▼ 2.1pp3.5%within the sector's middle half▲ 3.3pp-1.2%below the sector's middle half▼ 4.7pp
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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 2025 is a loss of €9,521, after a profit of €12,301 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €461,327
Equity
€461,283 ▼ 1.2%
Debt
€44 ▼ 100.0%
Debt's share of the balance-sheet total falls from 30.2% to 0.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.43
ROE
-1.2%▼
2024 · 5.1%
Customer credit
238 days▼
2024 · 1287 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €667 | €11,076 | €87,635 | €60,130 | €81,981 | €19,759 | ▼ 75.9% |
| Turnover70 | - | - | - | €11,034 | €87,631 | €60,130 | €81,981 | €19,759 | ▼ 75.9% |
| Other operating income74 | - | - | €667 | €42 | €4 | - | - | - | - |
| Operating charges60/66A | - | €3,362 | €1,230 | €15,807 | €79,095 | €64,327 | €69,680 | €29,279 | ▼ 58.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €11,436 | €71,850 | €61,373 | €56,574 | €17,552 | ▼ 69.0% |
| Purchases600/8 | - | - | - | €34,307 | €60,414 | €124,893 | €63,750 | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | -€22,871 | €11,436 | -€63,521 | -€7,176 | €17,552 | - |
| Services and other goods61 | - | €2,729 | - | €3,369 | €6,577 | €2,206 | €12,098 | €9,603 | ▼ 20.6% |
| Other operating charges640/8 | - | €633 | €1,230 | €1,002 | €668 | €748 | €1,008 | €1,032 | ▲ 2.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €1,092 | - |
| Operating profit (loss)9901 | -€995 | -€3,362 | -€563 | -€4,730 | €8,540 | -€4,197 | €12,301 | -€9,521 | - |
| Financial income75/76B | - | - | - | €7,179 | €7,209 | €6,721 | €12,010 | €4,604 | ▼ 61.7% |
| Recurring financial income75 | €4 | €3,108 | €6,080 | €7,179 | €7,209 | €6,721 | €12,010 | €4,604 | ▼ 61.7% |
| Income from current assets751 | - | €3,108 | €6,080 | €7,179 | €5,404 | €6,721 | €12,010 | €4,604 | ▼ 61.7% |
| Other financial income752/9 | - | - | - | €0 | €1,805 | - | - | - | - |
| Non-recurring financial income76B | - | €963 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | €520 | €130 | €453 | €437 | €808 | €686 | €665 | ▼ 3.0% |
| Recurring financial charges65 | €93 | €520 | €130 | €453 | €437 | €808 | €686 | €665 | ▼ 3.0% |
| Debt charges650 | €93 | €520 | €130 | €453 | €436 | €717 | €682 | €665 | ▼ 2.4% |
| Other financial charges652/9 | - | - | - | - | €1 | €91 | €4 | - | - |
| Profit (loss) for the period before taxes9903 | -€563 | €189 | €5,387 | €1,996 | €15,312 | €1,717 | €23,625 | -€5,581 | - |
| Income taxes67/77 | €2,827 | €29,968 | - | - | - | €0 | - | - | - |
| Taxes670/3 | - | €29,968 | - | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | -€3,391 | -€29,779 | €5,387 | €1,996 | €15,312 | €1,716 | €23,625 | -€5,581 | - |
| Transfer from tax-exempt reserves789 | - | €242,562 | - | - | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€3,391 | €212,783 | €5,387 | €1,996 | €15,312 | €1,716 | €23,625 | -€5,581 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €780,539 | €622,161 | €626,698 | €632,174 | €641,744 | €643,584 | €669,084 | €461,327 | ▼ 31.1% |
| Current assets29/58 | €780,539 | €622,161 | €626,698 | €632,174 | €641,744 | €643,584 | €669,084 | €461,327 | ▼ 31.1% |
| Stocks and contracts in progress3 | - | - | - | €22,871 | €11,436 | €74,957 | €82,132 | €63,488 | ▼ 22.7% |
| Stocks30/36 | - | - | - | €22,871 | €11,436 | €74,957 | €82,132 | €63,488 | ▼ 22.7% |
| Goods purchased for resale34 | - | - | - | €22,871 | €11,436 | €74,957 | €82,132 | €63,488 | ▼ 22.7% |
| Amounts receivable within one year40/41 | €34 | €303,136 | €389,231 | €412,954 | €341,366 | €282,978 | €289,037 | €16,554 | ▼ 94.3% |
| Trade receivables40 | - | - | - | €16,552 | €65,352 | €1,848 | - | €12,908 | - |
| Other amounts receivable41 | - | €303,136 | €389,231 | €396,403 | €276,013 | €281,131 | €289,037 | €3,645 | ▼ 98.7% |
| Current investments50/53 | €776 | €776 | €777 | €777 | €777 | €200,778 | €200,781 | €200,000 | ▼ 0.4% |
| Other investments51/53 | - | €776 | €777 | €777 | €777 | €200,778 | €200,781 | €200,000 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €749,761 | €318,249 | €236,690 | €195,571 | €288,165 | €80,153 | €97,134 | €181,232 | ▲ 86.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €4,718 | - | €53 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €780,539 | €622,161 | €626,698 | €632,174 | €641,744 | €643,584 | €669,084 | €461,327 | ▼ 31.1% |
| Equity10/15 | €648,606 | €618,827 | €624,214 | €626,210 | €641,522 | €643,239 | €466,864 | €461,283 | ▼ 1.2% |
| Contributions10/11 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | = |
| Capital10 | - | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | = |
| Issued capital100 | - | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | = |
| Reserves13 | €807,062 | €807,062 | €807,062 | €807,062 | €807,062 | €807,062 | €607,062 | €607,062 | = |
| Non-distributable reserves130/1 | - | - | €15,500 | €15,500 | €15,500 | €15,500 | €15,500 | €15,500 | = |
| Legal reserve130 | - | €15,500 | €15,500 | €15,500 | €15,500 | €15,500 | €15,500 | €15,500 | = |
| Distributable reserves133 | - | €791,562 | €791,562 | €791,562 | €791,562 | €791,562 | €591,562 | €591,562 | = |
| Profit (loss) carried forward14 | -€313,456 | -€343,235 | -€337,848 | -€335,852 | -€320,540 | -€318,824 | -€295,198 | -€300,780 | ▼ 1.9% |
| Amounts payable17/49 | €131,933 | €3,334 | €2,484 | €5,963 | €221 | €345 | €202,220 | €44 | ▼ 100.0% |
| Amounts payable within one year42/48 | €131,933 | €3,144 | €2,476 | €5,903 | €171 | €260 | €201,471 | - | - |
| Trade debts44 | €3,448 | €3,144 | €2,476 | €5,903 | €171 | €260 | €1,465 | - | - |
| Suppliers440/4 | - | €3,144 | €2,476 | €5,903 | €171 | €260 | €1,465 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €7 | - | - |
| Taxes450/3 | - | - | - | - | - | - | €7 | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €200,000 | - | - |
| Accrued charges and deferred income492/3 | - | €190 | €8 | €60 | €50 | €85 | €749 | €44 | ▼ 94.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,391 | -€29,779 | €5,387 | €1,996 | €15,312 | €1,716 | €23,625 | -€5,581 | - |
| Operating cash flow (approximation) | -€3,391 | -€29,779 | €5,387 | €1,996 | €15,312 | €1,716 | €23,625 | -€5,581 | - |
| Change in cash | - | -€431,512 | -€81,559 | -€41,119 | €92,595 | -€208,012 | €16,981 | €84,098 | ▲ 395% |
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, 8,617 companies had the same profile as SKILLSHOT has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SKILLSHOT 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 8,617 companies, not a prediction for SKILLSHOT. 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 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-08-2026 | 2026-00393550 | |
| 31-12-2024 | full format | 12-08-2025 | 2025-00374096 | |
| 31-12-2023 | full format | 28-08-2024 | 2024-00415936 | |
| 31-12-2022 | full format | 07-08-2023 | 2023-00322222 | |
| 31-12-2021 | full format | 02-08-2022 | 2022-20266983 | |
| 31-12-2020 | full format | 19-08-2021 | 2021-51200416 | |
| 31-12-2019 | full format | 20-08-2020 | 2020-42700567 | |
| 31-12-2018 | full format | 26-08-2019 | 2019-51200403 | |
| 31-12-2017 | full format | 22-08-2018 | 2018-48500124 | |
| 31-12-2016 | full format | 01-09-2017 | 2017-58600546 |