Estados financieros detallados de BeLive Holdings (BLIV): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto -1.1%, margen operativo -8.9%, margen neto -8.8%.
Al precio actual de $2.17, BLIV presenta beneficios negativos (P/E no significativo) y un ROE del -155.15%. La capitalización bursátil es de $24M.
Cuenta de Resultados (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $2.9M | $4.2M | $3.1M | $1.8M | $757159 |
| Coste de Ventas | $1.0M | $1.6M | $1.4M | $886730 | $765619 |
| Beneficio Bruto | $1.9M | $2.6M | $1.7M | $962779 | -$8460 |
| I+D | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.8M | $3.8M | $3.8M | $6.5M | $6.8M |
| Gastos Operativos | $4.7M | $3.4M | $3.7M | $6.5M | $6.7M |
| Beneficio Operativo | -$2.8M | -$862614 | -$2.0M | -$5.5M | -$6.7M |
| EBITDA | -$17.9M | $1.9M | -$1.7M | -$5.2M | -$6.3M |
| Gastos por Intereses | $62891 | $2310 | $9414 | $3150 | $14116 |
| Beneficio Antes de Impuestos | -$18.1M | $1.6M | -$2.1M | -$5.5M | -$6.6M |
| Impuestos | $277 | $5202 | 0 | 0 | $48650 |
| Beneficio Neto | -$18.1M | $1.6M | -$2.1M | -$5.5M | -$6.7M |
| BPA | $-1.62 | $0.15 | $-0.19 | $-0.49 | $0.00 |
| BPA Diluido | $-1.62 | $0.15 | $-0.19 | $-0.49 | $0.00 |
| Acciones en Circulación (Diluidas) | $11.2M | $11.2M | $11.2M | $11.2M | 0 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 |
|---|
| Ingresos | $405777 |
| Beneficio Bruto | -$48067 |
| Beneficio Operativo | -$1.6M |
| EBITDA | -$1.4M |
| Beneficio Neto | -$1.5M |
| BPA | $-0.13 |
| BPA Diluido | $-0.13 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $117687 | $225348 | $216752 | $197709 | $66184 | $8.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $83613 | $4.6M | $2.2M | $354368 | $94043 | $178100 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $400468 | $4.9M | $2.5M | $648087 | $203873 | $8.8M |
| Inmovilizado Material | $141291 | $71520 | $261225 | $120445 | $6044 | $68343 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $51785 | $231100 | $825987 | $855950 | $624240 | $392531 |
| Activos Totales | $593544 | $5.2M | $3.6M | $1.6M | $834157 | $9.3M |
| Cuentas por Pagar | 0 | $232502 | $337176 | $277211 | $170405 | $59168 |
| Deuda a Corto | $1.0M | 0 | 0 | 0 | $337566 | 0 |
| Pasivos Corrientes | $1.3M | $728321 | $701950 | $488478 | $970074 | $516102 |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $1.3M | $21.9M | $734353 | $507629 | $970074 | $538908 |
| Reservas | -$3.5M | -$21.6M | -$20.0M | -$22.0M | -$27.6M | -$34.2M |
| Patrimonio Neto | -$722768 | -$16.8M | $2.9M | $1.1M | -$135917 | $8.8M |
| Deuda Total | $1.1M | $15577 | $147862 | $60560 | $344066 | $43159 |
| Deuda Neta | $952057 | -$209771 | -$68890 | -$137149 | $277882 | -$8.5M |
| Capital Circulante | -$900267 | $4.1M | $1.8M | $159609 | -$766201 | $8.3M |
Balance (Trimestral)
| Año | 2023-Q4 | 2024-Q2 | 2024-Q4 | 2025-Q4 |
|---|
| Caja y Equivalentes | $197709 | $48936 | $66184 | $8.6M |
| Activos Totales | $1.6M | $1.2M | $834157 | $9.3M |
| Pasivos Totales | $507629 | $768944 | $970074 | $538908 |
| Patrimonio Neto | $1.1M | $474655 | -$135917 | $8.8M |
| Deuda Total | $60560 | $27391 | $344066 | $43159 |
Flujo de Caja (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$18.1M | $1.6M | -$2.1M | -$5.5M | -$6.6M |
| Amortizaciones | $136155 | $208480 | $424773 | $287464 | $295266 |
| Compensación en Acciones | $474000 | 0 | 0 | $3.6M | $2.8M |
| Cambio en Capital Circulante | -$759299 | -$2.2M | $1.5M | $483226 | -$285731 |
| Flujo de Caja Operativo | -$2.9M | -$2.9M | $59938 | -$1.1M | -$3.6M |
| Inversiones (CapEx) | -$253097 | -$793515 | -$249232 | 0 | -$74142 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$3.1M | -$3.7M | -$189294 | -$1.1M | -$3.7M |
Crecimiento y Márgenes (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +45.8% | -26.2% | -40.2% | -59.1% |
| Crecimiento Beneficio Neto (anual) | | +109.0% | -228.0% | -163.0% | -21.6% |
| Crecimiento BPA (anual) | | +109.3% | -226.7% | -157.9% | +100.0% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | -100.0% |
| Crecimiento FCF (anual) | | -17.3% | +94.9% | -463.7% | -247.1% |
| Margen Bruto | 65.1% | 61.6% | 55.0% | 52.1% | -1.1% |
| Margen Operativo | -98.3% | -20.6% | -63.5% | -297.1% | -885.7% |
| Margen EBITDA | -622.5% | 44.2% | -53.7% | -282.1% | -837.0% |
| Margen Neto | -629.4% | 39.0% | -67.8% | -297.8% | -884.3% |
| Margen FCF | -109.2% | -87.8% | -6.1% | -57.7% | -489.2% |
| Tasa Impositiva Efectiva | -0.0% | 0.3% | -0.0% | -0.0% | -0.7% |
Datos por Acción (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.28 | $-0.33 | $-0.02 | $-0.10 | |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | |
| Acciones en Circulación (Básicas) | $11.2M | $11.2M | $11.2M | $11.2M | 0 |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -155.15% |
| Rentabilidad sobre capital invertido | -76.12% |
| Rentabilidad sobre activos | -71.95% |
| Margen bruto | -1.12% |
| Margen operativo | -885.74% |
| Margen neto | -884.30% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 17.14 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 0.00 | -2.95 | 31.65 | -24.58 | -9.86 | 0.00 |
| P/VC | 0.00 | -3.18 | 18.40 | 46.63 | -396.61 | 0.00 |
| P/V | 0.00 | 18.53 | 12.64 | 16.85 | 29.15 | 0.00 |
| Margen Bruto | 0.0% | 65.1% | 61.6% | 55.0% | 52.1% | -1.1% |
| Margen Operativo | 0.0% | -98.3% | -20.6% | -63.5% | -297.1% | -885.7% |
| Margen Neto | 0.0% | -629.4% | 39.0% | -67.8% | -297.8% | -884.3% |