AKBM
Annual accounts 2025
micro format, filed on 15-12-2025, 47 days before the deadlineGross margin
€173,236
▲ 1.3%
Operating result
€102,310
▲ 1.1%
Profit
€69,955
▲ 1.8%
Working capital
€45,105
▼ 16.5%
Solvency
18.0%
▲ 2.8 percentage points
Current ratio
1.24
▲ 0.02
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €550,000. Estimated: probably between €380,000 and €1.1m.
Balance sheet
balance sheet total €697,186 on 30-06-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Position in the sector
Solvency18.0%
Higher than 37% of 22,817 companies in 2025.
Current ratio1.24
Higher than 42% of 21,951 companies in 2025.
Return on assets10.0%
Higher than 69% of 22,101 companies in 2025.
AKBM
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
Total assets20/58 |
697,186 | 824,509 | 905,737 | 963,856 | 994,925 | 1.0m | 1.0m | |
Formation expenses20 |
- | - | 0 | 211 | 1,055 | 1,898 | 2,742 | |
Fixed assets21/28 |
467,855 | 533,567 | 584,282 | 647,474 | 712,617 | 735,621 | 796,434 | |
Intangible fixed assets21 |
56,250 | 81,250 | 106,250 | 131,250 | 156,250 | 181,250 | 206,250 | |
Tangible fixed assets22/27 |
411,605 | 452,317 | 478,032 | 516,224 | 556,367 | 554,371 | 590,184 | |
Land and buildings22 |
375,625 | 398,125 | 420,625 | 443,575 | 467,874 | 492,174 | 516,473 | |
Plant, machinery and equipment23 |
25,113 | 34,127 | 35,677 | 43,114 | 52,074 | 61,734 | 71,394 | |
Furniture and vehicles24 |
10,867 | 20,065 | 21,731 | 29,535 | 36,418 | 463 | 2,317 | |
Current assets29/58 |
229,331 | 290,942 | 321,455 | 316,171 | 281,254 | 280,025 | 210,690 | |
Stocks and contracts in progress3 |
81,114 | 75,649 | 68,706 | 62,548 | 64,186 | 63,101 | 59,764 | |
Stocks30/36 |
81,114 | 75,649 | 68,706 | 62,548 | 64,186 | 63,101 | 59,764 | |
Amounts receivable within one year40/41 |
50,324 | 66,506 | 73,844 | 58,651 | 47,636 | 45,511 | 33,968 | |
Trade receivables40 |
44,147 | 65,866 | 67,272 | 57,300 | 46,154 | 45,511 | 33,408 | |
Other amounts receivable41 |
6,178 | 640 | 6,572 | 1,351 | 1,482 | 0 | 560 | |
Current investments50/53 |
5,000 | 5,000 | - | - | - | - | - | |
Cash at bank and in hand54/58 |
87,961 | 140,144 | 172,855 | 190,329 | 167,699 | 170,488 | 116,043 | |
Deferred charges and accrued income490/1 |
4,932 | 3,643 | 6,050 | 4,643 | 1,733 | 926 | 915 | |
| Balance sheet: equity and liabilities | ||||||||
Total equity and liabilities10/49 |
697,186 | 824,509 | 905,737 | 963,856 | 994,925 | 1.0m | 1.0m | |
Equity10/15 |
125,501 | 125,547 | 245,814 | 255,924 | 186,575 | 125,488 | 53,845 | |
Contributions10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 0 | 125,000 | |
Issued capital100 |
- | - | - | - | - | 0 | 125,000 | |
Contributions outside capital11 |
- | - | - | - | - | 125,000 | - | |
Share premium1100/10 |
- | - | - | - | - | 125,000 | - | |
Reserves13 |
501 | 547 | 120,814 | 130,924 | 61,575 | 488 | - | |
Distributable reserves133 |
501 | 547 | 120,814 | 130,924 | 61,575 | 488 | - | |
Profit (loss) carried forward14 |
0 | 0 | 0 | - | - | 0 | -71,155 | |
Amounts payable17/49 |
571,685 | 698,962 | 659,922 | 707,932 | 808,350 | 892,056 | 956,020 | |
Amounts payable after more than one year17 |
386,491 | 456,501 | 530,692 | 599,055 | 694,637 | 790,429 | 860,439 | |
Financial debts170/4 |
386,491 | 456,501 | 530,692 | 599,055 | 694,637 | 790,429 | 860,439 | |
Amounts payable within one year42/48 |
184,226 | 236,953 | 124,118 | 104,385 | 109,092 | 97,579 | 93,460 | |
Current portion of amounts payable after more than one year42 |
70,010 | 69,191 | 68,363 | 67,582 | 70,792 | 70,011 | 69,213 | |
Trade debts44 |
40,832 | 45,384 | 54,752 | 35,910 | 22,585 | 25,618 | 22,935 | |
Suppliers440/4 |
40,832 | 45,384 | 54,752 | 35,910 | 22,585 | 25,618 | 22,935 | |
Taxes, remuneration and social security45 |
542 | 2,189 | 0 | 500 | 15,135 | 1,287 | 506 | |
Taxes450/3 |
542 | 2,189 | 0 | 500 | 15,135 | 1,287 | 506 | |
Other amounts payable47/48 |
72,842 | 120,189 | 1,003 | 393 | 580 | 663 | 807 | |
Accrued charges and deferred income492/3 |
968 | 5,508 | 5,112 | 4,492 | 4,621 | 4,049 | 2,120 | |
| Income statement | ||||||||
Gross operating margin9900 |
173,236 | 170,975 | 146,320 | 171,224 | 153,952 | 149,696 | 101,171 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
65,712 | 64,974 | 64,675 | 67,671 | 61,496 | 61,657 | 163,179 | |
Other operating charges640/8 |
5,214 | 4,799 | 4,338 | 5,136 | 3,346 | 3,196 | 995 | |
Operating profit (loss)9901 |
102,310 | 101,202 | 77,306 | 98,417 | 89,110 | 84,843 | -63,003 | |
Financial income75/76B |
1,257 | 1,786 | 1,960 | 960 | 10 | 1,097 | 1,115 | |
Recurring financial income75 |
1,257 | 1,786 | 1,960 | 960 | 10 | 1,097 | 1,115 | |
Financial charges65/66B |
8,040 | 9,567 | 10,002 | 11,380 | 13,685 | 14,297 | 9,267 | |
Recurring financial charges65 |
8,040 | 9,567 | 10,002 | 11,380 | 13,685 | 14,297 | 9,267 | |
Profit (loss) for the period before taxes9903 |
95,527 | 93,421 | 69,265 | 87,998 | 75,434 | 71,643 | -71,155 | |
Income taxes67/77 |
25,572 | 24,689 | 19,374 | 18,649 | 14,348 | - | - | |
Profit (loss) for the period9904 |
69,955 | 68,732 | 49,890 | 69,349 | 61,087 | 71,643 | -71,155 | |
Profit (loss) for the period to be appropriated9905 |
69,955 | 68,732 | 49,890 | 69,349 | 61,087 | 71,643 | -71,155 | |
| Appropriation of the result | ||||||||
Profit (loss) to be appropriated9906 |
69,955 | 68,732 | 49,890 | 69,349 | 61,087 | 488 | -71,155 | |
Transfer from equity791/2 |
70,000 | 189,000 | 60,000 | - | - | - | - | |
Transfer to equity691/2 |
69,955 | 68,732 | 49,890 | 69,349 | 61,087 | 488 | - | |
To other reserves6921 |
69,955 | 68,732 | 49,890 | 69,349 | 61,087 | 488 | - | |
Profit to be distributed694/7 |
70,000 | 189,000 | 60,000 | - | - | - | - | |
Return on contributions (dividend)694 |
70,000 | 189,000 | 60,000 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 15-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 15-12-2025 | 2025-00581310 | |
| 30-06-2024 | micro format | 17-12-2024 | 2024-00617540 | |
| 30-06-2023 | micro format | 09-01-2024 | 2024-00545367 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00008598 | |
| 30-06-2021 | abbreviated format | 17-01-2022 | 2022-01000388 | |
| 30-06-2020 | abbreviated format | 14-01-2021 | 2021-00900331 | |
| 30-06-2019 | abbreviated format | 06-01-2020 | 2020-00200431 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| EBITDA | 168,022 | 166,176 | 141,982 | 166,088 | 150,606 | 146,500 | 100,176 | |
| Cash flow | 135,666 | 133,707 | 114,566 | 137,020 | 122,583 | 133,300 | 92,024 | |
| Investment in fixed assets (approximation) | 0 | 14,259 | 1,273 | 1,684 | 37,648 | 844 | 958,136 | |
| Change in cash | -52,184 | -32,711 | -17,474 | 22,631 | -2,790 | 54,446 | - | |
| Working capital | 45,105 | 53,989 | 197,336 | 211,786 | 172,162 | 182,446 | 117,229 | |
| Solvency | 18.0% | 15.2% | 27.1% | 26.6% | 18.8% | 12.3% | 5.3% | |
| Current ratio | 1.24 | 1.23 | 2.59 | 3.03 | 2.58 | 2.87 | 2.25 | |
| Quick ratio | 0.80 | 0.91 | 2.04 | 2.43 | 1.99 | 2.22 | 1.61 | |
| Debt to equity | 4.56 | 5.57 | 2.68 | 2.77 | 4.33 | 7.11 | 17.75 | |
| ROE | 55.7% | 54.7% | 20.3% | 27.1% | 32.7% | 57.1% | -132.1% | |
| ROA | 10.0% | 8.3% | 5.5% | 7.2% | 6.1% | 7.0% | -7.0% | |
| Interest coverage | 20.90 | 17.37 | 14.20 | 14.60 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgage mandates | €730,000 | €730,000 | €730,000 | €730,000 |
| Carrying value of the mortgaged assets | €375,625 | €398,125 | €420,625 | €443,125 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €14,259 | €1,273 | €1,684 |
| Intangible fixed assets | - | - | - | €0 |
| Depreciation and write-downs of the year | €65,712 | €64,974 | €64,675 | €67,671 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on AKBM
The operating result for 2025 is 1% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 84.8% to 82.0%. Debt is lower.