ABIMO-DEWISPELAERE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 18 filings
Turnover
€2.1m
EBIT margin
14.2%
Net result
€257,208▼ 7.1%
2024 · €276,935
Working capital
€10,837▼ 98.7%
2024 · €829,814
In the rankings
#3 employer in Knokke-Heist, Real estate sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€2.1m
2025
20192025
Operating result
€297,967
▼ 12.8%
2025
20192025
Net result
€257,208
▼ 7.1%
2025
highest quarter of the sector
20192025
EBIT margin
14.2%
2025
20192025
Equity
€20,460
▼ 97.6%
2025
lowest quarter of the sector
20192025
Total assets
€2.0m
▼ 3.5%
2025
middle half of the sector
20192025
Debt
€1.9m
▲ 62.4%
2025
20192025
Working capital
€10,837
▼ 98.7%
2025
middle half of the sector
20192025
Solvency
1.0%
▼ 40.2pp
2025
lowest quarter of the sector
20192025
Current ratio
1.01
▼ 0.70
2025
middle half of the sector
20192025
Return on assets (ROA)
13.1%
▼ 0.5pp
2025
highest quarter of the sector
20192025
Staff (FTE)
10.2
▲ 43.7%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€2.1m
Operating result€0.2m-€0.4m▲ 98.0%€0.3m▼ 31.2%€0.3m▲ 37.7%€0.4m▲ 15.1%€0.3m▼ 14.8%€0.3m▼ 12.8%
Net result€0.1m-€0.2mabove the sector's middle half▲ 103%€0.2mabove the sector's middle half▼ 30.2%€0.2mabove the sector's middle half▲ 51.5%€0.3mabove the sector's middle half▲ 29.2%€0.3mabove the sector's middle half▼ 14.2%€0.3mabove the sector's middle half▼ 7.1%
EBIT margin14.2%
Equity€0.3m-€0.5mwithin the sector's middle half▲ 80.8%€0.4mwithin the sector's middle half▼ 24.1%€0.6mwithin the sector's middle half▲ 47.3%€0.7mwithin the sector's middle half▲ 13.1%€0.8mwithin the sector's middle half▲ 25.5%€0.02mbelow the sector's middle half▼ 97.6%
Total assets€0.8m-€0.8mwithin the sector's middle half▲ 5.5%€0.6mbelow the sector's middle half▼ 31.6%€0.7mwithin the sector's middle half▲ 25.7%€1.4mwithin the sector's middle half▲ 87.7%€2.0mwithin the sector's middle half▲ 48.1%€2.0mwithin the sector's middle half▼ 3.5%
Debt€0.5m-€0.3m▼ 37.4%€0.2m▼ 43.8%€0.1m▼ 22.2%€0.7m▲ 401%€1.2m▲ 69.6%€1.9m▲ 62.4%
Working capital€0.1m-€0.3mwithin the sector's middle half▲ 215%€0.2mwithin the sector's middle half▼ 43.6%€0.4mwithin the sector's middle half▲ 101%€0.5mwithin the sector's middle half▲ 23.5%€0.8mabove the sector's middle half▲ 69.7%€0.01mwithin the sector's middle half▼ 98.7%
Solvency36.3%-62.2%above the sector's middle half▲ 25.9pp68.9%above the sector's middle half▲ 6.8pp80.8%above the sector's middle half▲ 11.8pp48.7%within the sector's middle half▼ 32.1pp41.2%within the sector's middle half▼ 7.4pp1.0%below the sector's middle half▼ 40.2pp
Current ratio1.27-2.41within the sector's middle half▲ 1.142.46within the sector's middle half▲ 0.054.37above the sector's middle half▲ 1.911.70within the sector's middle half▼ 2.671.70within the sector's middle half=1.01within the sector's middle half▼ 0.70
Return on assets (ROA)14.4%-27.8%above the sector's middle half▲ 13.4pp28.4%above the sector's middle half▲ 0.6pp34.2%above the sector's middle half▲ 5.8pp23.5%above the sector's middle half▼ 10.6pp13.6%above the sector's middle half▼ 9.9pp13.1%above the sector's middle half▼ 0.5pp
Staff (FTE)7.7-7.8above the sector's middle half▲ 1.3%7.4above the sector's middle half▼ 5.1%9.7above the sector's middle half▲ 31.1%6.3above the sector's middle half▼ 35.1%7.1above the sector's middle half▲ 12.7%10.2above the sector's middle half▲ 43.7%
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 13% lower than in 2024. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€16,115 ▼ 17.8%
Current assets
€1.9m ▼ 3.4%
Equity and liabilities €2.0m
Equity
€20,460 ▼ 97.6%
Debt
€1.9m ▲ 62.4%
Debt's share of the balance-sheet total rises from 58.8% to 99.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€308,479▼
2024 · €356,518
Cash flow
€267,720▼
2024 · €291,923
Debt to equity
94.84▲
2024 · 1.42
Interest coverage
52.87▲
2024 · 23.20
Debt ≤ 1 year
€1.9m▲
2024 · €1.2m
Income taxes
€105,583▼
2024 · €110,796
Customer credit
45 days
Supplier credit
139 days
Staff costs
€700,013▲
2024 · €487,744
A ratio outside any meaningful range has been withheld (balance sheet total €2.0m, equity €20,460).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 10 | 7 | 8 | 12 |
| full-time | 8 | 8 | 5 | 6 | 11 |
| part-time | 2 | 2 | 2 | 2 | 1 |
| in full-time equivalents | 9.5 | 9.5 | 6.6 | 7.6 | 11.8 |
| Average over the year, in full-time equivalents | 7.4 | 9.7 | 6.3 | 7.1 | 10.2 |
| On a permanent contract | 10 | 10 | 7 | 8 | 12 |
| Joined | 13 | 4 | 6 | 9 | 31 |
| Left | 12 | 4 | 8 | 8 | 27 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €0 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €36,926 | €7,352 | €13,165 | €2,869 | €7,033 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €40,005 | €39,111 | €43,428 | €14,987 | €10,513 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €88 awarded · €88 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €2.1m | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.02m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €1.1m | - |
| Remuneration, social security and pensions62 | - | - | €0.5m | €0.6m | €0.6m | €0.5m | €0.7m | ▲ 43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.01m | €0.01m | ▼ 29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.02m | - |
| Other operating charges640/8 | - | - | €0.03m | €0.03m | €0.01m | €0.005m | €0.008m | ▲ 63.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €364 | - |
| Gross operating margin9900 | €0.7m | €0.9m | €0.9m | €1.0m | €1.1m | €0.8m | €1.0m | ▲ 22.1% |
| Operating profit (loss)9901 | €0.2m | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 12.8% |
| Financial income75/76B | - | - | €0 | - | €0.02m | €0.06m | €0.07m | ▲ 14.8% |
| Recurring financial income75 | €0.001m | €30 | €0 | - | €0.02m | €0.06m | €0.07m | ▲ 14.8% |
| Financial charges65/66B | - | - | €0.006m | €0.006m | €0.01m | €0.02m | €0.006m | ▼ 62.0% |
| Recurring financial charges65 | €0.008m | €0.007m | €0.006m | €0.006m | €0.01m | €0.02m | €0.006m | ▼ 62.0% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 6.4% |
| Income taxes67/77 | €0.06m | €0.1m | €0.08m | €0.09m | €0.09m | €0.1m | €0.1m | ▼ 4.7% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 7.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.6m | €0.7m | €1.4m | €2.0m | €2.0m | ▼ 3.5% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.02m | €0.02m | ▼ 17.8% |
| Intangible fixed assets21 | - | €0.006m | €0.004m | €0.002m | €0 | - | - | - |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.02m | €0.01m | ▼ 21.0% |
| Land and buildings22 | - | - | €0.2m | €0.2m | €0.2m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €0.01m | €0.01m | €0.01m | ▲ 1.6% |
| Furniture and vehicles24 | - | - | €0.05m | €0.03m | €0.01m | €0.006m | €0.003m | ▼ 58.6% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.5m | €0.6m | €0.3m | €0.5m | €1.2m | €2.0m | €1.9m | ▼ 3.4% |
| Amounts receivable within one year40/41 | €0.03m | €0.04m | €0.1m | €0.08m | €0.9m | €1.6m | €1.7m | ▲ 1.1% |
| Trade receivables40 | - | - | €0.006m | €0.07m | €0.08m | €0.09m | €0.3m | ▲ 177% |
| Other amounts receivable41 | - | - | €0.09m | €0.01m | €0.8m | €1.5m | €1.4m | ▼ 9.5% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.2m | €0.4m | €0.3m | €0.2m | €0.09m | ▼ 50.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.02m | €0.2m | €0.2m | ▲ 3.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.6m | €0.7m | €1.4m | €2.0m | €2.0m | ▼ 3.5% |
| Equity10/15 | €0.3m | €0.5m | €0.4m | €0.6m | €0.7m | €0.8m | €0.02m | ▼ 97.6% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Reserves13 | €0.3m | €0.5m | €0.4m | €0.6m | €0.6m | €0.8m | €0.002m | ▼ 99.8% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | - | - | - | - |
| Other1319 | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | €0.4m | €0.6m | €0.6m | €0.8m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | €0 | €0 | - |
| Amounts payable17/49 | €0.5m | €0.3m | €0.2m | €0.1m | €0.7m | €1.2m | €1.9m | ▲ 62.4% |
| Amounts payable after more than one year17 | €0.1m | €0.07m | €0.05m | €0.02m | €0.001m | €0 | - | - |
| Financial debts170/4 | - | - | €0.05m | €0.02m | €0.001m | €0 | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.2m | €0.1m | €0.1m | €0.7m | €1.2m | €1.9m | ▲ 63.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.02m | €0.02m | €0 | - | - |
| Trade debts44 | €0.04m | €0.01m | €0.005m | €0.001m | €0.3m | €0.6m | €0.4m | ▼ 26.5% |
| Suppliers440/4 | - | - | €0.005m | €0.001m | €0.3m | €0.6m | €0.4m | ▼ 26.5% |
| Advances received on contracts in progress46 | - | - | - | €110 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €0.06m | €0.08m | €0.2m | €0.3m | €0.2m | ▼ 33.7% |
| Taxes450/3 | - | - | €0.01m | €0.03m | €0.1m | €0.2m | €0.1m | ▼ 52.5% |
| Remuneration and social security454/9 | - | - | €0.05m | €0.05m | €0.04m | €0.05m | €0.08m | ▲ 55.7% |
| Other amounts payable47/48 | - | - | €0.04m | €0.02m | €0.2m | €0.3m | €1.3m | ▲ 295% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.006m | €0.01m | €0.006m | ▼ 41.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,241 | €236,067 | €164,862 | €249,733 | €322,757 | €276,935 | €257,208 | ▼ 7.1% |
| + Depreciation and write-downs630 | €42,451 | €39,180 | €40,005 | €39,111 | €43,428 | €14,987 | €10,513 | ▼ 29.9% |
| Operating cash flow (approximation) | €158,692 | €275,246 | €204,867 | €288,844 | €366,185 | €291,923 | €267,720 | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | -€9,296 | -€36,926 | -€7,352 | -€11,861 | €151,346 | -€7,033 | - |
| Change in cash | - | €66,026 | -€320,816 | €194,559 | -€157,901 | -€90,339 | -€91,883 | ▼ 1.7% |
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, 536 companies had the same profile as ABIMO-DEWISPELAERE has now. Two years later, 95.9% were still going and 0.7% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
95.9%
was still going
3.4%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of ABIMO-DEWISPELAERE itself: 0.9% 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 536 companies, not a prediction for ABIMO-DEWISPELAERE. 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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00255517 | |
| 31-12-2024 | abbreviated format | 31-08-2025 | 2025-00455385 | |
| 31-12-2023 | abbreviated format | 31-08-2024 | 2024-00423808 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00070813 | |
| 30-09-2021 | abbreviated format | 03-05-2022 | 2022-20020026 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-13000036 | |
| 30-09-2019 | abbreviated format | 07-05-2020 | 2020-11500474 | |
| 30-09-2018 | abbreviated format | 14-05-2019 | 2019-12900311 | |
| 30-09-2017 | abbreviated format | 29-06-2018 | 2018-25600476 | |
| 30-09-2016 | abbreviated format | 02-05-2017 | 2017-11000260 |