ALLPOOL
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 18 filings
Turnover
≈ €89,000
Estimated: probably between €40,000 and €160,000
Total assets
€212,970▼ 6.2%
2024 · €226,994
Net result
€7,665▼ 65.7%
2024 · €22,327
Working capital
€206,311▼ 5.1%
2024 · €217,496
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€7,961
▼ 76.1%
2025
20182025
Net result
€7,665
▼ 65.7%
2025
middle half of the sector
20182025
Equity
€209,186
▼ 5.2%
2025
highest quarter of the sector
20182025
Total assets
€212,970
▼ 6.2%
2025
middle half of the sector
20182025
Debt
€3,785
▼ 39.2%
2025
20182025
Working capital
€206,311
▼ 5.1%
2025
highest quarter of the sector
20182025
Solvency
98.2%
▲ 1.0pp
2025
highest quarter of the sector
20182025
Current ratio
55.51
▲ 19.56
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.6%
▼ 6.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,648-€10,864▼ 47.4%€56,562▲ 421%€39,358▼ 30.4%€13,858▼ 64.8%€20,951▲ 51.2%€33,355▲ 59.2%€7,961▼ 76.1%
Net result€15,158-€6,650▼ 56.1%€37,861above the sector's middle half▲ 469%€24,671within the sector's middle half▼ 34.8%€8,149within the sector's middle half▼ 67.0%€12,002within the sector's middle half▲ 47.3%€22,327within the sector's middle half▲ 86.0%€7,665within the sector's middle half▼ 65.7%
Equity€156,011-€162,661▲ 4.3%€200,522above the sector's middle half▲ 23.3%€225,192above the sector's middle half▲ 12.3%€206,341above the sector's middle half▼ 8.4%€198,444above the sector's middle half▼ 3.8%€220,771above the sector's middle half▲ 11.3%€209,186above the sector's middle half▼ 5.2%
Total assets€188,731-€163,763▼ 13.2%€213,767within the sector's middle half▲ 30.5%€238,960within the sector's middle half▲ 11.8%€215,530within the sector's middle half▼ 9.8%€214,634within the sector's middle half▼ 0.4%€226,994within the sector's middle half▲ 5.8%€212,970within the sector's middle half▼ 6.2%
Debt€32,720-€1,102▼ 96.6%€13,245▲ 12×€13,767▲ 3.9%€9,188▼ 33.3%€16,190▲ 76.2%€6,223▼ 61.6%€3,785▼ 39.2%
Working capital€131,035-€66,310▼ 49.4%€126,320above the sector's middle half▲ 90.5%€172,716above the sector's middle half▲ 36.7%€177,573above the sector's middle half▲ 2.8%€193,787above the sector's middle half▲ 9.1%€217,496above the sector's middle half▲ 12.2%€206,311above the sector's middle half▼ 5.1%
Solvency82.7%-99.3%▲ 16.7pp93.8%above the sector's middle half▼ 5.5pp94.2%above the sector's middle half▲ 0.4pp95.7%above the sector's middle half▲ 1.5pp92.5%above the sector's middle half▼ 3.3pp97.3%above the sector's middle half▲ 4.8pp98.2%above the sector's middle half▲ 1.0pp
Current ratio7.65-61.18▲ 53.5310.54above the sector's middle half▼ 50.6514.62above the sector's middle half▲ 4.0823.32above the sector's middle half▲ 8.7112.97above the sector's middle half▼ 10.3535.95above the sector's middle half▲ 22.9855.51above the sector's middle half▲ 19.56
Return on assets (ROA)8.0%-4.1%▼ 4.0pp17.7%above the sector's middle half▲ 13.7pp10.3%within the sector's middle half▼ 7.4pp3.8%within the sector's middle half▼ 6.5pp5.6%within the sector's middle half▲ 1.8pp9.8%within the sector's middle half▲ 4.2pp3.6%within the sector's middle half▼ 6.2pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 76% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,970
Fixed assets
€2,874 ▼ 12.2%
Current assets
€210,096 ▼ 6.1%
Equity and liabilities €212,970
Equity
€209,186 ▼ 5.2%
Debt
€3,785 ▼ 39.2%
Debt's share of the balance-sheet total falls from 2.7% to 1.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,180▼
2024 · €34,737
Cash flow
€8,883▼
2024 · €23,709
Quick ratio
46.45▲
2024 · 31.29
Debt to equity
0.02▼
2024 · 0.03
ROE
3.7%▼
2024 · 10.1%
Interest coverage
95.44▼
2024 · over 100
Debt ≤ 1 year
€3,785▼
2024 · €6,223
Income taxes
€1,234▼
2024 · €11,868
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,515 | - | €3,186 | - | €818 |
| Depreciation and write-downs of the year | €23,156 | €23,559 | €21,384 | €1,381 | €1,219 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,638 | €39,786 | €22,928 | €23,156 | €23,559 | €21,384 | €1,381 | €1,219 | ▼ 11.8% |
| Other operating charges640/8 | - | - | - | €1,537 | €1,389 | €8,184 | €1,746 | €1,225 | ▼ 29.8% |
| Gross operating margin9900 | €47,376 | €55,755 | €80,778 | €64,051 | €38,806 | €50,520 | €36,483 | €10,405 | ▼ 71.5% |
| Operating profit (loss)9901 | €20,648 | €10,864 | €56,562 | €39,358 | €13,858 | €20,951 | €33,355 | €7,961 | ▼ 76.1% |
| Financial income75/76B | - | - | - | €122 | €61 | €529 | €904 | €1,034 | ▲ 14.4% |
| Recurring financial income75 | €85 | €101 | €31 | €122 | €61 | €529 | €904 | €1,034 | ▲ 14.4% |
| Financial charges65/66B | - | - | - | €159 | €188 | €81 | €64 | €96 | ▲ 50.9% |
| Recurring financial charges65 | €171 | €257 | €201 | €159 | €188 | €81 | €64 | €96 | ▲ 50.9% |
| Profit (loss) for the period before taxes9903 | €20,562 | €10,708 | €56,392 | €39,321 | €13,731 | €21,399 | €34,195 | €8,899 | ▼ 74.0% |
| Income taxes67/77 | €5,403 | €4,058 | €18,531 | €14,650 | €5,582 | €9,397 | €11,868 | €1,234 | ▼ 89.6% |
| Profit (loss) for the period9904 | €15,158 | €6,650 | €37,861 | €24,671 | €8,149 | €12,002 | €22,327 | €7,665 | ▼ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €15,158 | €6,650 | €37,861 | €24,671 | €8,149 | €12,002 | €22,327 | €7,665 | ▼ 65.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €188,731 | €163,763 | €213,767 | €238,960 | €215,530 | €214,634 | €226,994 | €212,970 | ▼ 6.2% |
| Fixed assets21/28 | €37,997 | €96,351 | €74,202 | €53,561 | €30,002 | €4,657 | €3,275 | €2,874 | ▼ 12.2% |
| Tangible fixed assets22/27 | €37,997 | €96,351 | €74,202 | €53,561 | €30,002 | €4,657 | €3,275 | €2,874 | ▼ 12.2% |
| Land and buildings22 | - | - | - | - | - | €3,144 | €2,507 | €1,870 | ▼ 25.4% |
| Furniture and vehicles24 | - | - | - | €45,687 | €24,132 | €1,513 | €769 | €1,005 | ▲ 30.7% |
| Other tangible fixed assets26 | - | - | - | €7,874 | €5,870 | - | - | - | - |
| Current assets29/58 | €150,734 | €67,412 | €139,565 | €185,399 | €185,528 | €209,977 | €223,718 | €210,096 | ▼ 6.1% |
| Stocks and contracts in progress3 | €16,705 | €20,039 | €36,656 | €34,363 | €33,353 | €47,924 | €29,009 | €34,313 | ▲ 18.3% |
| Stocks30/36 | - | - | - | €34,363 | €33,353 | €47,924 | €29,009 | €34,313 | ▲ 18.3% |
| Amounts receivable within one year40/41 | €8,201 | €6,888 | €2,492 | €1,670 | €6,709 | €6,714 | €8,032 | €7,409 | ▼ 7.8% |
| Trade receivables40 | - | - | - | €888 | - | €2,363 | €2,788 | - | - |
| Other amounts receivable41 | - | - | - | €781 | €6,709 | €4,351 | €5,245 | €7,409 | ▲ 41.3% |
| Current investments50/53 | €121,033 | €34,033 | €90,033 | €142,033 | €137,383 | €147,751 | €180,757 | €165,352 | ▼ 8.5% |
| Cash at bank and in hand54/58 | €1,157 | €3,558 | €6,847 | €3,464 | €4,185 | €3,492 | €1,744 | €1,175 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | - | - | - | €3,870 | €3,898 | €4,096 | €4,177 | €1,847 | ▼ 55.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €188,731 | €163,763 | €213,767 | €238,960 | €215,530 | €214,634 | €226,994 | €212,970 | ▼ 6.2% |
| Equity10/15 | €156,011 | €162,661 | €200,522 | €225,192 | €206,341 | €198,444 | €220,771 | €209,186 | ▼ 5.2% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €136,405 | €143,005 | €180,865 | €205,525 | €186,625 | €178,725 | €201,025 | €189,435 | ▼ 5.8% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | - | - |
| Distributable reserves133 | - | - | - | €203,670 | €184,770 | €176,870 | €199,170 | €189,435 | ▼ 4.9% |
| Profit (loss) carried forward14 | €1,056 | €1,106 | €1,107 | €1,117 | €1,166 | €1,169 | €1,196 | €1,201 | ▲ 0.4% |
| Amounts payable17/49 | €32,720 | €1,102 | €13,245 | €13,767 | €9,188 | €16,190 | €6,223 | €3,785 | ▼ 39.2% |
| Amounts payable after more than one year17 | €13,021 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €19,699 | €1,102 | €13,245 | €12,682 | €7,954 | €16,190 | €6,223 | €3,785 | ▼ 39.2% |
| Trade debts44 | €1,132 | €356 | €3,932 | €3,277 | €1,997 | €11,625 | €1,984 | €1,763 | ▼ 11.1% |
| Suppliers440/4 | - | - | - | €3,277 | €1,997 | €11,625 | €1,984 | €1,763 | ▼ 11.1% |
| Advances received on contracts in progress46 | - | - | - | - | €4,190 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €8,182 | €1,650 | €4,239 | €4,239 | - | - |
| Taxes450/3 | - | - | - | €8,182 | €1,650 | €4,239 | €4,239 | - | - |
| Other amounts payable47/48 | - | - | - | €1,224 | €117 | €326 | - | €2,021 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,085 | €1,234 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,158 | €6,650 | €37,861 | €24,671 | €8,149 | €12,002 | €22,327 | €7,665 | ▼ 65.7% |
| + Depreciation and write-downs630 | €25,638 | €39,786 | €22,928 | €23,156 | €23,559 | €21,384 | €1,381 | €1,219 | ▼ 11.8% |
| Operating cash flow (approximation) | €40,797 | €46,436 | €60,788 | €47,827 | €31,708 | €33,387 | €23,709 | €8,883 | ▼ 62.5% |
| Investment in fixed assets (approximation) | - | -€98,140 | -€779 | -€2,515 | €0 | €3,961 | €0 | -€818 | - |
| Change in cash | - | €2,401 | €3,288 | -€3,383 | €721 | -€693 | -€1,749 | -€568 | ▲ 67.5% |
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, 10,904 companies had the same profile as ALLPOOL has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of ALLPOOL itself: 0.2% 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 10,904 companies, not a prediction for ALLPOOL. 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 | micro format | 15-07-2026 | 2026-00324158 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00254959 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00296821 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00288932 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20283899 | |
| 31-12-2020 | micro format | 26-07-2021 | 2021-40900484 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33400177 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-34500475 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-34600004 | |
| 31-12-2016 | micro format | 18-07-2017 | 2017-33900481 |