AISIMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-12-2025 PDF all 40 filings
Turnover
€34,980▲ 96.1%
2024 · €17,840
EBIT margin
-61.3%▼ 618.5pp
2024 · 557.2%
Net result
-€21,703
2024 · €96,716
Working capital
€8,717▼ 47.5%
2024 · €16,617
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€34,980
▲ 96.1%
2025
20182025
Operating result
-€21,432
2025
20182025
Net result
-€21,703
2025
lowest quarter of the sector
20182025
EBIT margin
-61.3%
▼ 618.5pp
2025
20182025
Equity
€56,290
▼ 27.8%
2025
middle half of the sector
20182025
Total assets
€63,388
▼ 74.7%
2025
lowest quarter of the sector
20182025
Debt
€7,098
▼ 95.9%
2025
20182025
Working capital
€8,717
▼ 47.5%
2025
middle half of the sector
20182025
Solvency
88.8%
▲ 57.6pp
2025
highest quarter of the sector
20182025
Current ratio
2.71
▲ 1.61
2025
middle half of the sector
20182025
Return on assets (ROA)
-34.2%
▼ 72.9pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€94,313-€81,270▼ 13.8%€66,131▼ 18.6%€62,983▼ 4.8%€64,685▲ 2.7%€38,111▼ 41.1%€17,840▼ 53.2%€34,980▲ 96.1%
Operating result€17,811-€30,342▲ 70.4%€209,544▲ 591%€11,136▼ 94.7%€116,246▲ 944%-€85,250€99,408-€21,432
Net result€9,383-€23,567▲ 151%€164,252above the sector's middle half▲ 597%€4,912within the sector's middle half▼ 97.0%€82,011above the sector's middle half▲ 17×-€91,020below the sector's middle half€96,716above the sector's middle half-€21,703below the sector's middle half
EBIT margin18.9%-37.3%▲ 18.4pp316.9%▲ 279.5pp17.7%▼ 299.2pp179.7%▲ 162.0pp-223.7%▼ 403.4pp557.2%▲ 780.9pp-61.3%▼ 618.5pp
Equity€50,739-€74,306▲ 46.4%€238,558within the sector's middle half▲ 221%€243,470within the sector's middle half▲ 2.1%€325,481above the sector's middle half▲ 33.7%€77,993within the sector's middle half▼ 76.0%€77,993within the sector's middle half=€56,290within the sector's middle half▼ 27.8%
Total assets€315,157-€297,904▼ 5.5%€469,156within the sector's middle half▲ 57.5%€424,161within the sector's middle half▼ 9.6%€486,860within the sector's middle half▲ 14.8%€169,782within the sector's middle half▼ 65.1%€250,134within the sector's middle half▲ 47.3%€63,388below the sector's middle half▼ 74.7%
Debt€264,418-€223,598▼ 15.4%€230,598▲ 3.1%€180,691▼ 21.6%€161,379▼ 10.7%€91,789▼ 43.1%€172,141▲ 87.5%€7,098▼ 95.9%
Working capital€14,078-€31,801▲ 126%€52,234within the sector's middle half▲ 64.3%€54,434within the sector's middle half▲ 4.2%€99,841within the sector's middle half▲ 83.4%-€20,191within the sector's middle half€16,617within the sector's middle half€8,717within the sector's middle half▼ 47.5%
Solvency16.1%-24.9%▲ 8.8pp50.8%within the sector's middle half▲ 25.9pp57.4%within the sector's middle half▲ 6.6pp66.9%above the sector's middle half▲ 9.5pp45.9%within the sector's middle half▼ 20.9pp31.2%within the sector's middle half▼ 14.8pp88.8%above the sector's middle half▲ 57.6pp
Current ratio1.28-1.95▲ 0.671.52within the sector's middle half▼ 0.431.93within the sector's middle half▲ 0.423.03above the sector's middle half▲ 1.100.77within the sector's middle half▼ 2.261.10within the sector's middle half▲ 0.332.71within the sector's middle half▲ 1.61
Return on assets (ROA)3.0%-7.9%▲ 4.9pp35.0%above the sector's middle half▲ 27.1pp1.2%within the sector's middle half▼ 33.9pp16.8%above the sector's middle half▲ 15.7pp-53.6%below the sector's middle half▼ 70.5pp38.7%above the sector's middle half▲ 92.3pp-34.2%below the sector's middle half▼ 72.9pp
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 a loss of €21,432, after a profit of €99,408 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,388
Fixed assets
€49,573 ▼ 21.5%
Current assets
€13,815 ▼ 92.6%
Equity and liabilities €63,388
Equity
€56,290 ▼ 27.8%
Debt
€7,098 ▼ 95.9%
Debt's share of the balance-sheet total falls from 68.8% to 11.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,240▼
2024 · €102,973
Cash flow
-€14,512▼
2024 · €100,281
Debt to equity
0.13▼
2024 · 2.21
ROE
-38.6%▼
2024 · 124.0%
Interest coverage
-47.09▼
2024 · over 100
Debt ≤ 1 year
€5,098▼
2024 · €170,341
Debt > 1 year
€2,000▲
2024 · €1,800
Income taxes
-€31▼
2024 · €2,191
Customer credit
0 days▼
2024 · 72 days
Supplier credit
1 day▼
2024 · 119 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €49,347 | €35,294 | - | €5,588 |
| Financial fixed assets | - | €12,000 | - | - |
| Depreciation and write-downs of the year | €20,702 | €11,666 | €3,565 | €7,191 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €94,313 | €81,270 | €66,131 | €62,983 | €64,685 | €38,111 | €17,840 | €34,980 | ▲ 96.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €39,035 | €52,599 | €21,920 | €43,976 | ▲ 101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,910 | €18,968 | €24,910 | €17,510 | €20,702 | €11,666 | €3,565 | €7,191 | ▲ 102% |
| Other operating charges640/8 | - | - | - | - | €8,310 | €67,151 | €582 | €5,486 | ▲ 843% |
| Gross operating margin9900 | €68,173 | €58,044 | €243,427 | €36,480 | €145,258 | -€6,433 | €103,555 | -€8,754 | - |
| Operating profit (loss)9901 | €17,811 | €30,342 | €209,544 | €11,136 | €116,246 | -€85,250 | €99,408 | -€21,432 | - |
| Financial income75/76B | - | - | - | - | €5 | - | - | - | - |
| Recurring financial income75 | €16 | - | - | €65 | €5 | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €3,924 | €5,518 | €501 | €302 | ▼ 39.6% |
| Recurring financial charges65 | €8,207 | €6,589 | €6,760 | €3,925 | €3,924 | €5,518 | €501 | €302 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €9,620 | €23,753 | €202,784 | €7,276 | €112,327 | -€90,768 | €98,907 | -€21,734 | - |
| Income taxes67/77 | €237 | €186 | €38,532 | €2,364 | €30,316 | €252 | €2,191 | -€31 | - |
| Profit (loss) for the period9904 | €9,383 | €23,567 | €164,252 | €4,912 | €82,011 | -€91,020 | €96,716 | -€21,703 | - |
| Profit (loss) for the period to be appropriated9905 | €9,383 | €23,567 | €164,252 | €4,912 | €82,011 | -€91,020 | €96,716 | -€21,703 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €315,157 | €297,904 | €469,156 | €424,161 | €486,860 | €169,782 | €250,134 | €63,388 | ▼ 74.7% |
| Fixed assets21/28 | €250,918 | €232,600 | €315,567 | €311,392 | €337,806 | €102,769 | €63,176 | €49,573 | ▼ 21.5% |
| Tangible fixed assets22/27 | €250,918 | €232,600 | €315,567 | €311,392 | €337,806 | €90,769 | €51,176 | €49,573 | ▼ 3.1% |
| Land and buildings22 | - | - | - | - | €337,518 | €90,398 | €51,176 | €49,573 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | - | €158 | €371 | - | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €130 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | €12,000 | €12,000 | €0 | ▼ 100% |
| Current assets29/58 | €64,239 | €65,304 | €153,589 | €112,769 | €149,054 | €67,013 | €186,958 | €13,815 | ▼ 92.6% |
| Amounts receivable within one year40/41 | €12,958 | €25,133 | €30,992 | €27,237 | €92,462 | €7,368 | €6,158 | €11,100 | ▲ 80.3% |
| Trade receivables40 | - | - | - | - | €225 | €1,200 | €3,530 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | €92,237 | €6,168 | €2,628 | €11,100 | ▲ 322% |
| Cash at bank and in hand54/58 | €49,755 | €38,611 | €121,649 | €84,523 | €55,511 | €57,131 | €180,800 | €2,715 | ▼ 98.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,081 | €2,514 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €315,157 | €297,904 | €469,156 | €424,161 | €486,860 | €169,782 | €250,134 | €63,388 | ▼ 74.7% |
| Equity10/15 | €50,739 | €74,306 | €238,558 | €243,470 | €325,481 | €77,993 | €77,993 | €56,290 | ▼ 27.8% |
| Contributions10/11 | €154,933 | €154,933 | €154,933 | €154,933 | €154,933 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | - | - | €154,933 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | - | - | - | €154,933 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €23,713 | €23,713 | €23,713 | €23,713 | €23,713 | €15,493 | €15,493 | €15,493 | = |
| Non-distributable reserves130/1 | - | - | - | - | €15,493 | €15,493 | €15,493 | €15,493 | = |
| Legal reserve130 | - | - | - | - | €15,493 | €15,493 | €15,493 | €15,493 | = |
| Distributable reserves133 | - | - | - | - | €8,220 | - | - | - | - |
| Profit (loss) carried forward14 | -€127,907 | -€104,340 | €59,912 | €64,824 | €146,835 | - | - | -€21,703 | - |
| Amounts payable17/49 | €264,418 | €223,598 | €230,598 | €180,691 | €161,379 | €91,789 | €172,141 | €7,098 | ▼ 95.9% |
| Amounts payable after more than one year17 | €211,691 | €187,667 | €126,794 | €119,340 | €109,327 | €4,200 | €1,800 | €2,000 | ▲ 11.1% |
| Financial debts170/4 | - | - | - | - | €105,127 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €4,200 | €4,200 | €1,800 | €2,000 | ▲ 11.1% |
| Amounts payable within one year42/48 | €50,161 | €33,503 | €101,355 | €58,335 | €49,213 | €87,204 | €170,341 | €5,098 | ▼ 97.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10,013 | - | - | - | - |
| Trade debts44 | €7,402 | €8,930 | €52,482 | €7,686 | €6,520 | €8,255 | €7,148 | €98 | ▼ 98.6% |
| Suppliers440/4 | - | - | - | - | €6,520 | €8,255 | €7,148 | €98 | ▼ 98.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €32,680 | €252 | €2,443 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | €32,680 | €252 | €2,443 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | - | €78,697 | €160,750 | €5,000 | ▼ 96.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,839 | €385 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,383 | €23,567 | €164,252 | €4,912 | €82,011 | -€91,020 | €96,716 | -€21,703 | - |
| + Depreciation and write-downs630 | €41,910 | €18,968 | €24,910 | €17,510 | €20,702 | €11,666 | €3,565 | €7,191 | ▲ 102% |
| Operating cash flow (approximation) | €51,293 | €42,535 | €189,162 | €22,422 | €102,713 | -€79,354 | €100,281 | -€14,512 | - |
| Investment in fixed assets (approximation) | - | -€650 | -€107,877 | -€13,335 | -€47,116 | €223,371 | €36,028 | €6,412 | ▼ 82.2% |
| Change in cash | - | -€11,144 | €83,038 | -€37,126 | -€29,012 | €1,620 | €123,669 | -€178,085 | - |
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, 5,831 companies had the same profile as AISIMO has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AISIMO itself is higher: 2.7% within 12 months. It rests on far more data about AISIMO than the profile alone.
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 5,831 companies, not a prediction for AISIMO. 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 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 23-12-2025 | 2025-00590668 | |
| 30-06-2024 | micro format | 28-08-2024 | 2024-00380563 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00380560 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00384069 | |
| 31-12-2021 | micro format | 17-03-2022 | 2022-07800222 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-52600449 | |
| 31-12-2019 | micro format | 16-12-2020 | 2020-76000201 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53600214 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51500591 | |
| 31-12-2016 | micro format | 26-08-2017 | 2017-48900369 |