AIM Groep
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-04-2026 PDF all 35 filings
Turnover
≈ €310,000
Estimated: probably between €260,000 and €480,000
EBIT margin
Not included in this filing
Net result
€430,815▲ 30.2%
2024 · €330,973
Working capital
€7.5m▼ 33.1%
2024 · €11.3m
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€8,709
▼ 93.9%
2025
20192025
Net result
€430,815
▲ 30.2%
2025
highest quarter of the sector
20192025
Equity
€13.1m
▼ 7.6%
2025
highest quarter of the sector
20192025
Total assets
€23.2m
▲ 8.9%
2025
highest quarter of the sector
20192025
Debt
€10.1m
▲ 41.7%
2025
20192025
Working capital
€7.5m
▼ 33.1%
2025
highest quarter of the sector
20192025
Solvency
56.4%
▼ 10.1pp
2025
middle half of the sector
20192025
Current ratio
2.28
▼ 1.78
2025
middle half of the sector
20192025
Return on assets (ROA)
1.9%
▲ 0.3pp
2025
middle half of the sector
20192025
Staff (FTE)
0.7
=
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-€0.2m--€0.2m▲ 4.6%-€0.1m▲ 14.5%€0.3m-€0.07m€0.1m€0.009m▼ 93.9%
Net result-€0.07m--€0.1mbelow the sector's middle half▼ 115%€0.4mabove the sector's middle half€0.7mabove the sector's middle half▲ 62.5%€0.04mwithin the sector's middle half▼ 94.4%€0.3mabove the sector's middle half▲ 780%€0.4mabove the sector's middle half▲ 30.2%
Equity€12.9m-€12.7mabove the sector's middle half▼ 1.1%€13.1mabove the sector's middle half▲ 3.3%€13.8mabove the sector's middle half▲ 5.2%€13.8mabove the sector's middle half▲ 0.3%€14.2mabove the sector's middle half▲ 2.4%€13.1mabove the sector's middle half▼ 7.6%
Total assets€17.6m-€19.7mabove the sector's middle half▲ 12.1%€21.0mabove the sector's middle half▲ 6.3%€22.7mabove the sector's middle half▲ 8.2%€21.6mabove the sector's middle half▼ 4.8%€21.3mabove the sector's middle half▼ 1.4%€23.2mabove the sector's middle half▲ 8.9%
Debt€4.8m-€7.0m▲ 47.8%€7.8m▲ 11.8%€8.9m▲ 13.4%€7.8m▼ 12.6%€7.1m▼ 8.3%€10.1m▲ 41.7%
Working capital€9.9m-€9.5mabove the sector's middle half▼ 3.5%€8.5mabove the sector's middle half▼ 10.7%€10.7mabove the sector's middle half▲ 26.3%€10.5mabove the sector's middle half▼ 2.1%€11.3mabove the sector's middle half▲ 7.3%€7.5mabove the sector's middle half▼ 33.1%
Solvency73.0%-64.4%above the sector's middle half▼ 8.6pp62.6%above the sector's middle half▼ 1.8pp60.8%within the sector's middle half▼ 1.8pp64.0%above the sector's middle half▲ 3.2pp66.5%above the sector's middle half▲ 2.5pp56.4%within the sector's middle half▼ 10.1pp
Current ratio7.08-3.48above the sector's middle half▼ 3.602.74within the sector's middle half▼ 0.743.37above the sector's middle half▲ 0.633.89above the sector's middle half▲ 0.524.06above the sector's middle half▲ 0.172.28within the sector's middle half▼ 1.78
Return on assets (ROA)-0.4%--0.7%within the sector's middle half▼ 0.3pp2.0%within the sector's middle half▲ 2.7pp3.0%within the sector's middle half▲ 1.0pp0.2%within the sector's middle half▼ 2.8pp1.6%within the sector's middle half▲ 1.4pp1.9%within the sector's middle half▲ 0.3pp
Staff (FTE)0.7within the sector's middle half0.7within the sector's middle half=
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 94% lower than in 2024.
Large changes and their cause
- 2024 Net result +780% on 2023. The accounts now follow the full format, last year the abbreviated format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.2m
Fixed assets
€9.8m ▲ 54.3%
Current assets
€13.4m ▼ 10.3%
Equity and liabilities €23.2m
Equity
€13.1m ▼ 7.6%
Debt
€10.1m ▲ 41.7%
Debt's share of the balance-sheet total rises from 33.5% to 43.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€134,952▼
2024 · €272,140
Cash flow
€557,058▲
2024 · €459,702
Debt to equity
0.77▲
2024 · 0.50
ROE
3.3%▲
2024 · 2.3%
Interest coverage
0.41▼
2024 · 0.57
Debt ≤ 1 year
€5.9m▲
2024 · €3.7m
Debt > 1 year
€4.0m▲
2024 · €3.2m
Income taxes
€86,759▼
2024 · €93,766
Staff costs
€31,097▲
2024 · €29,220
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.7 | 0.7 |
| Average over the year, in full-time equivalents | 0.7 | 0.7 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.7m | - | - | €1,350 | €4,500 |
| Financial fixed assets | €150 | - | €200,000 | - | €1.1m |
| Depreciation and write-downs of the year | €174,297 | €155,320 | €162,306 | €128,729 | €126,243 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €4,772 awardedAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0.06m | €0.4m | - | €0.2m | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0.03m | €0.03m | €0.03m | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 1.9% |
| Other operating charges640/8 | - | - | €0.01m | €0.01m | €0.02m | €0.01m | €0.01m | ▼ 9.9% |
| Non-recurring operating charges66A | - | - | - | €0.08m | - | - | - | - |
| Gross operating margin9900 | -€0.06m | -€0.008m | €0.05m | €0.5m | €0.1m | €0.3m | €0.2m | ▼ 43.3% |
| Operating profit (loss)9901 | -€0.2m | -€0.2m | -€0.1m | €0.3m | -€0.07m | €0.1m | €0.009m | ▼ 93.9% |
| Financial income75/76B | - | - | €0.7m | €1.0m | €0.6m | €0.8m | €0.8m | ▲ 10.3% |
| Recurring financial income75 | €0.2m | €0.2m | €0.3m | €1.0m | €0.6m | €0.8m | €0.8m | ▲ 10.3% |
| Non-recurring financial income76B | - | - | €0.5m | - | - | - | - | - |
| Financial charges65/66B | - | - | €0.2m | €0.5m | €0.6m | €0.5m | €0.3m | ▼ 31.1% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.2m | €0.5m | €0.6m | €0.5m | €0.3m | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | -€0.05m | -€0.1m | €0.4m | €0.9m | -€0.04m | €0.4m | €0.5m | ▲ 21.9% |
| Income taxes67/77 | €0.02m | €0.02m | -€0.008m | €0.2m | -€0.08m | €0.09m | €0.09m | ▼ 7.5% |
| Profit (loss) for the period9904 | -€0.07m | -€0.1m | €0.4m | €0.7m | €0.04m | €0.3m | €0.4m | ▲ 30.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.07m | -€0.1m | €0.4m | €0.7m | €0.04m | €0.3m | €0.4m | ▲ 30.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €17.6m | €19.7m | €21.0m | €22.7m | €21.6m | €21.3m | €23.2m | ▲ 8.9% |
| Fixed assets21/28 | €6.1m | €6.4m | €7.6m | €7.4m | €7.5m | €6.3m | €9.8m | ▲ 54.3% |
| Tangible fixed assets22/27 | €4.6m | €4.7m | €6.0m | €5.8m | €5.6m | €4.5m | €6.4m | ▲ 40.7% |
| Land and buildings22 | - | - | €5.8m | €5.7m | €5.6m | €4.4m | €6.3m | ▲ 41.7% |
| Plant, machinery and equipment23 | - | - | €0.1m | €0.1m | €0.09m | €0.07m | €0.05m | ▼ 24.1% |
| Furniture and vehicles24 | - | - | €0.009m | €0.006m | €0.005m | €0.004m | €0.003m | ▼ 31.0% |
| Financial fixed assets28 | €1.5m | €1.7m | €1.6m | €1.6m | €1.8m | €1.8m | €3.4m | ▲ 87.8% |
| Current assets29/58 | €11.5m | €13.4m | €13.4m | €15.3m | €14.1m | €15.0m | €13.4m | ▼ 10.3% |
| Amounts receivable after more than one year29 | - | - | €1.4m | €1.7m | €2.2m | €2.4m | €3.0m | ▲ 25.2% |
| Other amounts receivable291 | - | - | €1.4m | €1.7m | €2.2m | €2.4m | €3.0m | ▲ 25.2% |
| Amounts receivable within one year40/41 | €1.4m | €3.1m | €3.5m | €3.4m | €3.7m | €3.9m | €2.5m | ▼ 36.5% |
| Trade receivables40 | - | - | €159 | - | €0.005m | €0.02m | €0.05m | ▲ 98.8% |
| Other amounts receivable41 | - | - | €3.5m | €3.4m | €3.7m | €3.9m | €2.5m | ▼ 37.3% |
| Current investments50/53 | €7.3m | €7.1m | €7.4m | €9.5m | €7.8m | €7.6m | €7.0m | ▼ 7.4% |
| Cash at bank and in hand54/58 | €1.9m | €1.9m | €1.1m | €0.6m | €0.3m | €0.6m | €0.2m | ▼ 60.8% |
| Deferred charges and accrued income490/1 | - | - | €0.006m | €0.1m | €0.2m | €0.5m | €0.7m | ▲ 49.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €17.6m | €19.7m | €21.0m | €22.7m | €21.6m | €21.3m | €23.2m | ▲ 8.9% |
| Equity10/15 | €12.9m | €12.7m | €13.1m | €13.8m | €13.8m | €14.2m | €13.1m | ▼ 7.6% |
| Contributions10/11 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Capital10 | - | - | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Issued capital100 | - | - | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €2.5m | - |
| Reserves13 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | €0.7m | ▼ 83.6% |
| Non-distributable reserves130/1 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Legal reserve130 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | €4.0m | €4.0m | €4.0m | €4.0m | €0.4m | ▼ 89.3% |
| Profit (loss) carried forward14 | €5.9m | €5.7m | €6.2m | €6.8m | €6.9m | €7.2m | €7.2m | = |
| Amounts payable17/49 | €4.8m | €7.0m | €7.8m | €8.9m | €7.8m | €7.1m | €10.1m | ▲ 41.7% |
| Amounts payable after more than one year17 | €3.1m | €3.2m | €2.9m | €4.1m | €3.9m | €3.2m | €4.0m | ▲ 25.2% |
| Financial debts170/4 | - | - | €2.9m | €4.1m | €3.9m | €3.2m | €4.0m | ▲ 25.2% |
| Amounts payable within one year42/48 | €1.6m | €3.8m | €4.9m | €4.5m | €3.6m | €3.7m | €5.9m | ▲ 59.5% |
| Current portion of amounts payable after more than one year42 | - | - | €1.4m | €0.4m | €0.1m | €0.1m | €0.2m | ▲ 53.7% |
| Financial debts43 | - | - | €3.3m | €4.1m | €3.5m | €3.5m | €3.4m | ▼ 3.2% |
| Credit institutions430/8 | - | - | €3.3m | €4.1m | €3.5m | €3.5m | €3.4m | ▼ 3.2% |
| Trade debts44 | €0.01m | €0.06m | €0.006m | €0.03m | €0.02m | €0.008m | €0.03m | ▲ 363% |
| Suppliers440/4 | - | - | €0.006m | €0.03m | €0.02m | €0.008m | €0.03m | ▲ 363% |
| Advances received on contracts in progress46 | - | - | €0.009m | €0.009m | €0.009m | €0.03m | €0.06m | ▲ 86.5% |
| Taxes, remuneration and social security45 | - | - | €0.2m | - | €0.02m | €0.04m | €0.2m | ▲ 385% |
| Taxes450/3 | - | - | €0.2m | - | €0.004m | €0.03m | €0.2m | ▲ 558% |
| Remuneration and social security454/9 | - | - | - | - | €0.01m | €0.01m | €0.007m | ▼ 48.0% |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.002m | €0.002m | €2.0m | ▲ 1,335× |
| Accrued charges and deferred income492/3 | - | - | €0.02m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 10.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.07m | -€0.1m | €0.4m | €0.7m | €0.04m | €0.3m | €0.4m | ▲ 30.2% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 1.9% |
| Operating cash flow (approximation) | €0.04m | €0.002m | €0.6m | €0.8m | €0.2m | €0.5m | €0.6m | ▲ 21.2% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€1.4m | €0 | -€0.2m | €1.0m | -€3.6m | - |
| Change in cash | - | €0.05m | -€0.8m | -€0.5m | -€0.3m | €0.3m | -€0.4m | - |
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 AIM Groep 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 AIM Groep 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 AIM Groep. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 28-04-2026 | 2026-00091731 | |
| 30-09-2024 | full format | 08-04-2026 | 2026-00074350 | |
| 30-09-2024 | abbreviated format | 25-04-2025 | 2025-00075360 | |
| 30-09-2023 | abbreviated format | 19-04-2024 | 2024-00065064 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00070194 | |
| 30-09-2021 | abbreviated format | 28-03-2023 | 2023-00048183 | |
| 30-09-2020 | abbreviated format | 31-03-2021 | 2021-09300509 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11100597 | |
| 30-09-2018 | abbreviated format | 29-03-2019 | 2019-08500442 | |
| 30-09-2017 | abbreviated format | 27-03-2018 | 2018-08200265 |