AMORIMMO

Active Risk: very low

Limited partnershipfounded 199233 yrs activeDesiré Waelkensstraat 27, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0449.100.201

Summary

AMORIMMO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2018 annual accounts show equity of €1.8m and a net result of €42,877. The computed 12-month bankruptcy probability is 0.1% (very low).

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AMORIMMOActive

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Checked score

No current score

Figures too old

The available figures for FY 2018 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2018

Profitability41

Solvency77

Growth-

Track record85

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2018

Solvency, return and age of the figures

Solvency

52.3%

Return on assets

1.2%

Age of the figures

93 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2019 close31-07-2020 deadline27-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 21-08-2019, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

AMORIMMO was incorporated on 28 December 1992.¹ The company has filed 26 sets of annual accounts, the latest for fiscal year 2018.²

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Financials · fiscal year 2018, micro schema

Equity

€1.8m

Total assets

€3.5m

Net result

€42,877

Working capital

-€970,816

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €3.5m

97.9%

Fixed assets €3.4m

Current assets €72,370

Equity and liabilities €3.5m

52.3%

42.8%

Equity €1.8m

Provisions €171,176

Debt €1.5m

Debt finances 42.8% of the balance-sheet total.

Key figures and ratios

2018 value

EBITDA

€181,112

Cash flow

€191,086

Current ratio

0.07

Debt to equity

0.25

ROE

2.3%

ROA

1.2%

Debt ≤ 1 year

€1.0m

Debt > 1 year

€453,780

Income taxes

€61

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2018 · 24 lines

Balance sheet Code2018

Assets

Total assets20/58€3.5m

Fixed assets21/28€3.4m

Tangible fixed assets22/27€3.4m

Current assets29/58€72,370

Amounts receivable within one year40/41€48,575

Cash at bank and in hand54/58€21,335

Equity and liabilities

Total equity and liabilities10/49€3.5m

Equity10/15€1.8m

Contributions10/11€1.1m

Reserves13€772,339

Provisions and deferred taxes16€171,176

Amounts payable17/49€1.5m

Amounts payable after more than one year17€453,780

Amounts payable within one year42/48€1.0m

Trade debts44€5,345

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148,209

Gross operating margin9900€207,046

Operating profit (loss)9901€32,903

Recurring financial income75€237

Recurring financial charges65€20,049

Profit (loss) for the period before taxes9903€42,547

Income taxes67/77€61

Profit (loss) for the period9904€42,877

Profit (loss) for the period to be appropriated9905€40,004

Line	2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€148,209
Gross operating margin9900	€207,046
Operating profit (loss)9901	€32,903
Recurring financial income75	€237
Recurring financial charges65	€20,049
Profit (loss) for the period before taxes9903	€42,547
Income taxes67/77	€61
Profit (loss) for the period9904	€42,877
Profit (loss) for the period to be appropriated9905	€40,004

Line	2018
Assets
Total assets20/58	€3.5m
Fixed assets21/28	€3.4m
Tangible fixed assets22/27	€3.4m
Current assets29/58	€72,370
Amounts receivable within one year40/41	€48,575
Cash at bank and in hand54/58	€21,335
Equity and liabilities
Total equity and liabilities10/49	€3.5m
Equity10/15	€1.8m
Contributions10/11	€1.1m
Reserves13	€772,339
Provisions and deferred taxes16	€171,176
Amounts payable17/49	€1.5m
Amounts payable after more than one year17	€453,780
Amounts payable within one year42/48	€1.0m
Trade debts44	€5,345

Line	2018
Profit (loss) for the period9904	€42,877
+ Depreciation and write-downs630	€148,209
Operating cash flow (approximation)	€191,086

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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