ACTIM
ActiveSummary
ACTIM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251,142 and a net result of €29,798. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83=
Solvency68▼-23
Growth30▼-12
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.66 in 2024; short-term debt: 41.4% and cash: 2.8% of total assets), and 56.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
5.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
7 d early
2022
33 d early
2021
18 d early
2020
22 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€112,856▲ 3.2%
2024 · €109,387
EBIT margin
37.7%▲ 4.9pp
2024 · 32.8%
Net result
€29,798▲ 22.2%
2024 · €24,389
Working capital
-€215,693▼ 865%
2024 · -€22,345
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€96,662▲ 1.0%€101,063▲ 4.6%€102,517▲ 1.4%€109,387▲ 6.7%€112,856▲ 3.2%
Operating result€29,635▲ 23.2%€31,673▲ 6.9%€32,439▲ 2.4%€35,867▲ 10.6%€42,544▲ 18.6%
Net result€18,403within the sector's middle half▲ 31.9%€20,503within the sector's middle half▲ 11.4%€20,871within the sector's middle half▲ 1.8%€24,389within the sector's middle half▲ 16.9%€29,798within the sector's middle half▲ 22.2%
EBIT margin30.7%▲ 5.5pp31.3%▲ 0.7pp31.6%▲ 0.3pp32.8%▲ 1.1pp37.7%▲ 4.9pp
Equity€325,581within the sector's middle half▲ 6.0%€346,084within the sector's middle half▲ 6.3%€366,955within the sector's middle half▲ 6.0%€391,344within the sector's middle half▲ 6.6%€251,142within the sector's middle half▼ 35.8%
Total assets€690,809within the sector's middle half▼ 23.9%€655,644below the sector's middle half▼ 5.1%€629,278below the sector's middle half▼ 4.0%€595,107below the sector's middle half▼ 5.4%€577,902below the sector's middle half▼ 2.9%
Debt€365,228▼ 39.2%€309,560▼ 15.2%€262,323▼ 15.3%€203,763▼ 22.3%€326,760▲ 60.4%
Working capital-€16,298within the sector's middle half▲ 51.4%€3,007within the sector's middle half€22,680within the sector's middle half▲ 654%-€22,345within the sector's middle half-€215,693within the sector's middle half▼ 865%
Solvency47.1%within the sector's middle half▲ 13.3pp52.8%within the sector's middle half▲ 5.7pp58.3%within the sector's middle half▲ 5.5pp65.8%above the sector's middle half▲ 7.4pp43.5%within the sector's middle half▼ 22.3pp
Current ratio0.79within the sector's middle half▼ 0.081.04within the sector's middle half▲ 0.251.30within the sector's middle half▲ 0.260.66within the sector's middle half▼ 0.640.10below the sector's middle half▼ 0.56
Return on assets (ROA)2.7%within the sector's middle half▲ 1.1pp3.1%within the sector's middle half▲ 0.5pp3.3%within the sector's middle half▲ 0.2pp4.1%within the sector's middle half▲ 0.8pp5.2%above the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577,902
Fixed assets
€554,379 ▲ 0.6%
Current assets
€23,523 ▼ 46.4%
Equity and liabilities €577,902
Equity
€251,142 ▼ 35.8%
Debt
€326,760 ▲ 60.4%
Debt's share of the balance-sheet total rises from 34.2% to 56.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€89,397▲
2024 · €86,410
Cash flow
€76,651▲
2024 · €74,931
Debt to equity
1.30▲
2024 · 0.52
ROE
11.9%▲
2024 · 6.2%
Interest coverage
41.10▲
2024 · 30.55
Debt ≤ 1 year
€239,216▲
2024 · €66,219
Debt > 1 year
€87,500▼
2024 · €137,500
Income taxes
€9,933▲
2024 · €8,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €96,662 | €101,063 | €102,517 | €109,387 | €112,856 | ▲ 3.2% |
| Turnover70 | €96,662 | €101,063 | €102,517 | €109,387 | €112,856 | ▲ 3.2% |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Operating charges60/66A | €67,027 | €69,389 | €70,078 | €73,520 | €70,312 | ▼ 4.4% |
| Services and other goods61 | €2,911 | €4,813 | €4,671 | €5,714 | €5,655 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,802 | €48,802 | €48,802 | €50,543 | €46,854 | ▼ 7.3% |
| Other operating charges640/8 | €15,314 | €15,775 | €16,605 | €17,263 | €17,804 | ▲ 3.1% |
| Operating profit (loss)9901 | €29,635 | €31,673 | €32,439 | €35,867 | €42,544 | ▲ 18.6% |
| Financial charges65/66B | €5,098 | €4,336 | €4,044 | €3,349 | €2,813 | ▼ 16.0% |
| Recurring financial charges65 | €5,098 | €4,336 | €4,044 | €3,349 | €2,813 | ▼ 16.0% |
| Debt charges650 | €4,803 | €4,110 | €3,465 | €2,829 | €2,175 | ▼ 23.1% |
| Other financial charges652/9 | €295 | €226 | €578 | €520 | €638 | ▲ 22.7% |
| Profit (loss) for the period before taxes9903 | €24,537 | €27,337 | €28,396 | €32,519 | €39,730 | ▲ 22.2% |
| Income taxes67/77 | €6,134 | €6,834 | €7,525 | €8,130 | €9,933 | ▲ 22.2% |
| Taxes670/3 | €6,134 | €6,834 | €7,525 | €8,130 | €9,933 | ▲ 22.2% |
| Profit (loss) for the period9904 | €18,403 | €20,503 | €20,871 | €24,389 | €29,798 | ▲ 22.2% |
| Profit (loss) for the period to be appropriated9905 | €18,403 | €20,503 | €20,871 | €24,389 | €29,798 | ▲ 22.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €690,809 | €655,644 | €629,278 | €595,107 | €577,902 | ▼ 2.9% |
| Fixed assets21/28 | €629,379 | €580,577 | €531,775 | €551,232 | €554,379 | ▲ 0.6% |
| Tangible fixed assets22/27 | €629,379 | €580,577 | €531,775 | €481,232 | €434,379 | ▼ 9.7% |
| Land and buildings22 | €629,379 | €580,577 | €531,775 | €481,232 | €434,379 | ▼ 9.7% |
| Financial fixed assets28 | - | - | - | €70,000 | €120,000 | ▲ 71.4% |
| Affiliated companies280/1 | - | - | - | €70,000 | €120,000 | ▲ 71.4% |
| Amounts receivable281 | - | - | - | €70,000 | €120,000 | ▲ 71.4% |
| Current assets29/58 | €61,430 | €75,068 | €97,504 | €43,875 | €23,523 | ▼ 46.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €9,216 | €12,032 | €22,997 | €29,356 | €7,068 | ▼ 75.9% |
| Trade receivables40 | - | - | €6,930 | €22,085 | €197 | ▼ 99.1% |
| Other amounts receivable41 | €9,216 | €12,032 | €16,067 | €7,271 | €6,870 | ▼ 5.5% |
| Cash at bank and in hand54/58 | €16,939 | €23,894 | €23,126 | €2,265 | €16,456 | ▲ 627% |
| Deferred charges and accrued income490/1 | €35,275 | €39,142 | €51,381 | €12,254 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €690,809 | €655,644 | €629,278 | €595,107 | €577,902 | ▼ 2.9% |
| Equity10/15 | €325,581 | €346,084 | €366,955 | €391,344 | €251,142 | ▼ 35.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €256,200 | €281,200 | €301,200 | €326,200 | €188,200 | ▼ 42.3% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €250,000 | €275,000 | €295,000 | €320,000 | €182,000 | ▼ 43.1% |
| Profit (loss) carried forward14 | €7,381 | €2,884 | €3,755 | €3,144 | €942 | ▼ 70.0% |
| Amounts payable17/49 | €365,228 | €309,560 | €262,323 | €203,763 | €326,760 | ▲ 60.4% |
| Amounts payable after more than one year17 | €287,500 | €237,500 | €187,500 | €137,500 | €87,500 | ▼ 36.4% |
| Financial debts170/4 | €287,500 | €237,500 | €187,500 | €137,500 | €87,500 | ▼ 36.4% |
| Credit institutions173 | €287,500 | €237,500 | €187,500 | €137,500 | €87,500 | ▼ 36.4% |
| Amounts payable within one year42/48 | €77,728 | €72,060 | €74,823 | €66,219 | €239,216 | ▲ 261% |
| Current portion of amounts payable after more than one year42 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €21 | €652 | €1,925 | €670 | €850 | ▲ 26.8% |
| Suppliers440/4 | €21 | €652 | €1,925 | €670 | €850 | ▲ 26.8% |
| Advances received on contracts in progress46 | €6,269 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €2,170 | €3,225 | €3,630 | €3,549 | €6,367 | ▲ 79.4% |
| Taxes450/3 | €2,170 | €3,225 | €3,630 | €3,549 | €6,367 | ▲ 79.4% |
| Other amounts payable47/48 | €19,268 | €18,184 | €19,268 | €12,000 | €182,000 | ▲ 1,417% |
| Accrued charges and deferred income492/3 | - | - | - | €43 | €43 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,403 | €20,503 | €20,871 | €24,389 | €29,798 | ▲ 22.2% |
| + Depreciation and write-downs630 | €48,802 | €48,802 | €48,802 | €50,543 | €46,854 | ▼ 7.3% |
| Operating cash flow (approximation) | €67,205 | €69,305 | €69,673 | €74,931 | €76,651 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€70,000 | -€50,000 | ▲ 28.6% |
| Change in cash | - | €6,954 | -€768 | -€20,861 | €14,191 | ▲ 168% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €13,950 ▼68.8%
Net result drops to €13,950, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 1993
Ground area
6,572 m²
Building footprint
3,189 m²
Volume, LiDAR
25,677 m³
Parcel 41362B0305/00L000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pamelstraat-Oost 417, 9400 Ninove
since 19932.061.538.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0305/00L000 | Flanders | 6,572 m² | 1 · 3,189 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Koutermolen
46 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: Koutermolen. The sources do not say who stands above it.
Owners 1
- MegatonparentSourceaccounts Megaton 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,141 companies in sector 68201 we hold annual accounts for 6,772. 4,906 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449146127
Also
9925:BE0449146127
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.