VAN BACKLE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-09-2025 PDF all 30 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €58,000
Estimated: probably between €21,000 and €120,000
Total assets
€53,773▲ 9.9%
2024 · €48,936
Net result
€2,433
2024 · -€805
Working capital
€33,203▲ 9.2%
2024 · €30,417
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€2,776
2025
20192025
Net result
€2,433
2025
middle half of the sector
20192025
Equity
€33,916
▲ 7.7%
2025
middle half of the sector
20192025
Total assets
€53,773
▲ 9.9%
2025
lowest quarter of the sector
20192025
Debt
€19,857
▲ 13.8%
2025
20192025
Working capital
€33,203
▲ 9.2%
2025
middle half of the sector
20192025
Solvency
63.1%
▼ 1.3pp
2025
highest quarter of the sector
20192025
Current ratio
2.67
▼ 0.07
2025
middle half of the sector
20192025
Return on assets (ROA)
4.5%
▲ 6.2pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1,212-€3,272▲ 170%€10,014▲ 206%€4,341▼ 56.7%-€1,500-€1,102▲ 26.5%€2,776
Net result€4,089-€3,360within the sector's middle half▼ 17.8%€10,828within the sector's middle half▲ 222%€4,525within the sector's middle half▼ 58.2%-€1,192within the sector's middle half-€805within the sector's middle half▲ 32.5%€2,433within the sector's middle half
Equity€14,768-€18,128within the sector's middle half▲ 22.8%€28,956within the sector's middle half▲ 59.7%€33,481within the sector's middle half▲ 15.6%€32,289within the sector's middle half▼ 3.6%€31,483within the sector's middle half▼ 2.5%€33,916within the sector's middle half▲ 7.7%
Total assets€40,307-€38,543below the sector's middle half▼ 4.4%€48,134below the sector's middle half▲ 24.9%€51,236below the sector's middle half▲ 6.4%€54,530below the sector's middle half▲ 6.4%€48,936below the sector's middle half▼ 10.3%€53,773below the sector's middle half▲ 9.9%
Debt€25,539-€20,415▼ 20.1%€19,178▼ 6.1%€17,756▼ 7.4%€22,242▲ 25.3%€17,453▼ 21.5%€19,857▲ 13.8%
Working capital€13,749-€17,448within the sector's middle half▲ 26.9%€28,616within the sector's middle half▲ 64.0%€32,898within the sector's middle half▲ 15.0%€30,687within the sector's middle half▼ 6.7%€30,417within the sector's middle half▼ 0.9%€33,203within the sector's middle half▲ 9.2%
Solvency36.6%-47.0%within the sector's middle half▲ 10.4pp60.2%within the sector's middle half▲ 13.1pp65.3%above the sector's middle half▲ 5.2pp59.2%within the sector's middle half▼ 6.1pp64.3%above the sector's middle half▲ 5.1pp63.1%above the sector's middle half▼ 1.3pp
Current ratio1.54-1.85within the sector's middle half▲ 0.322.49within the sector's middle half▲ 0.642.85above the sector's middle half▲ 0.362.38within the sector's middle half▼ 0.472.74within the sector's middle half▲ 0.362.67within the sector's middle half▼ 0.07
Return on assets (ROA)10.1%-8.7%within the sector's middle half▼ 1.4pp22.5%above the sector's middle half▲ 13.8pp8.8%within the sector's middle half▼ 13.7pp-2.2%within the sector's middle half▼ 11.0pp-1.6%within the sector's middle half▲ 0.5pp4.5%within the sector's middle half▲ 6.2pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 profit of €2,776, after a loss of €1,102 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,773
Fixed assets
€713 ▼ 33.1%
Current assets
€53,060 ▲ 10.8%
Equity and liabilities €53,773
Equity
€33,916 ▲ 7.7%
Debt
€19,857 ▲ 13.8%
Debt's share of the balance-sheet total rises from 35.7% to 36.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,129▲
2024 · -€567
Cash flow
€2,785▲
2024 · -€270
Quick ratio
1.53▲
2024 · 1.16
Debt to equity
0.59▲
2024 · 0.55
ROE
7.2%▲
2024 · -2.6%
Interest coverage
7.09▲
2024 · -2.06
Debt ≤ 1 year
€19,857▲
2024 · €17,453
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €800 | €1,764 | - | - |
| Depreciation and write-downs of the year | €557 | €745 | €536 | €353 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,338 | €340 | €340 | €557 | €745 | €536 | €353 | ▼ 34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €2,000 | - |
| Other operating charges640/8 | - | - | - | €348 | €1,578 | €484 | €425 | ▼ 12.2% |
| Gross operating margin9900 | €3,247 | €3,966 | €10,701 | €5,245 | €824 | -€82 | €5,554 | - |
| Operating profit (loss)9901 | €1,212 | €3,272 | €10,014 | €4,341 | -€1,500 | -€1,102 | €2,776 | - |
| Financial income75/76B | - | - | - | €829 | €511 | €572 | €98 | ▼ 82.9% |
| Recurring financial income75 | €4,345 | €406 | €982 | €829 | €511 | €572 | €98 | ▼ 82.9% |
| Financial charges65/66B | - | - | - | €174 | €203 | €275 | €441 | ▲ 60.7% |
| Recurring financial charges65 | €1,467 | €318 | €168 | €174 | €203 | €275 | €441 | ▲ 60.7% |
| Profit (loss) for the period before taxes9903 | €4,089 | €3,360 | €10,828 | €4,996 | -€1,192 | -€805 | €2,433 | - |
| Income taxes67/77 | €0 | €0 | €0 | €471 | - | - | - | - |
| Profit (loss) for the period9904 | €4,089 | €3,360 | €10,828 | €4,525 | -€1,192 | -€805 | €2,433 | - |
| Profit (loss) for the period to be appropriated9905 | €4,089 | €3,360 | €10,828 | €4,525 | -€1,192 | -€805 | €2,433 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €40,307 | €38,543 | €48,134 | €51,236 | €54,530 | €48,936 | €53,773 | ▲ 9.9% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1,019 | €680 | €340 | €583 | €1,602 | €1,066 | €713 | ▼ 33.1% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,019 | €680 | €340 | €583 | €1,602 | €1,066 | €713 | ▼ 33.1% |
| Furniture and vehicles24 | - | - | - | €583 | €1,602 | €1,066 | €713 | ▼ 33.1% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - |
| Current assets29/58 | €39,287 | €37,863 | €47,794 | €50,653 | €52,928 | €47,870 | €53,060 | ▲ 10.8% |
| Stocks and contracts in progress3 | €23,988 | €22,450 | €24,597 | €26,410 | €27,600 | €27,599 | €22,764 | ▼ 17.5% |
| Stocks30/36 | - | - | - | €26,410 | €27,600 | €27,599 | €22,764 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €6,715 | €7,741 | €3,812 | €1,472 | €6,587 | €4,912 | €10,672 | ▲ 117% |
| Trade receivables40 | - | - | - | €1,472 | - | €4,912 | €10,672 | ▲ 117% |
| Other amounts receivable41 | - | - | - | - | €6,587 | - | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €7,200 | €6,489 | €18,038 | €21,330 | €17,167 | €13,817 | €17,971 | ▲ 30.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,442 | €1,574 | €1,541 | €1,652 | ▲ 7.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €40,307 | €38,543 | €48,134 | €51,236 | €54,530 | €48,936 | €53,773 | ▲ 9.9% |
| Equity10/15 | €14,768 | €18,128 | €28,956 | €33,481 | €32,289 | €31,483 | €33,916 | ▲ 7.7% |
| Contributions10/11 | €37,184 | €37,184 | - | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Profit (loss) carried forward14 | -€22,416 | -€19,056 | -€8,228 | -€3,703 | -€4,895 | -€5,701 | -€3,268 | ▲ 42.7% |
| Amounts payable17/49 | €25,539 | €20,415 | €19,178 | €17,756 | €22,242 | €17,453 | €19,857 | ▲ 13.8% |
| Amounts payable within one year42/48 | €25,539 | €20,415 | €19,178 | €17,756 | €22,242 | €17,453 | €19,857 | ▲ 13.8% |
| Trade debts44 | €4,715 | €2,744 | €7,050 | €4,046 | €4,197 | €3,702 | €3,195 | ▼ 13.7% |
| Suppliers440/4 | - | - | - | €4,046 | €4,197 | €3,702 | €3,195 | ▼ 13.7% |
| Taxes, remuneration and social security45 | - | - | - | €1,122 | €802 | €1,374 | €3,691 | ▲ 169% |
| Taxes450/3 | - | - | - | €1,122 | €802 | €1,374 | €3,691 | ▲ 169% |
| Other amounts payable47/48 | - | - | - | €12,588 | €17,242 | €12,376 | €12,970 | ▲ 4.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,089 | €3,360 | €10,828 | €4,525 | -€1,192 | -€805 | €2,433 | - |
| + Depreciation and write-downs630 | €1,338 | €340 | €340 | €557 | €745 | €536 | €353 | ▼ 34.2% |
| Operating cash flow (approximation) | €5,427 | €3,700 | €11,168 | €5,082 | -€447 | -€270 | €2,785 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€800 | -€1,764 | €0 | €0 | - |
| Change in cash | - | -€711 | €11,549 | €3,292 | -€4,162 | -€3,350 | €4,154 | - |
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, 17,041 companies had the same profile as VAN BACKLE has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN BACKLE itself: 0.4% 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 17,041 companies, not a prediction for VAN BACKLE. 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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 25-09-2025 | 2025-00502981 | |
| 31-03-2024 | micro format | 21-11-2024 | 2024-00605888 | |
| 31-03-2023 | micro format | 11-11-2023 | 2023-00510352 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20482972 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-74900001 | |
| 31-03-2020 | micro format | 28-10-2020 | 2020-64500078 | |
| 31-03-2019 | micro format | 21-10-2019 | 2019-71100308 | |
| 31-03-2018 | micro format | 27-09-2018 | 2018-66300042 | |
| 31-03-2017 | micro format | 27-09-2017 | 2017-63000417 | |
| 31-03-2016 | abbreviated format | 29-09-2016 | 2016-63700509 |