ANIMED
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-04-2026 PDF all 10 filings
Turnover
≈ €280,000
Estimated: probably between €190,000 and €490,000
Total assets
€539,099▼ 4.4%
2024 · €563,793
Net result
€7,683▼ 69.8%
2024 · €25,405
Working capital
-€31,635
2024 · €7,863
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€22,820
▼ 52.4%
2025
20192025
Net result
€7,683
▼ 69.8%
2025
lowest quarter of the sector
20192025
Equity
€55,315
▼ 11.7%
2025
middle half of the sector
20192025
Total assets
€539,099
▼ 4.4%
2025
highest quarter of the sector
20192025
Debt
€483,784
▼ 3.5%
2025
20192025
Working capital
-€31,635
2025
lowest quarter of the sector
20192025
Solvency
10.3%
▼ 0.8pp
2025
lowest quarter of the sector
20192025
Current ratio
0.70
▼ 0.38
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
1.4%
▼ 3.1pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€41,485-€66,840▲ 61.1%€55,121▼ 17.5%-€33,806€46,930€47,925▲ 2.1%€22,820▼ 52.4%
Net result€32,024-€45,910within the sector's middle half▲ 43.4%€40,053within the sector's middle half▼ 12.8%-€38,170below the sector's middle half€37,253within the sector's middle half€25,405within the sector's middle half▼ 31.8%€7,683below the sector's middle half▼ 69.8%
Equity€43,281-€48,090within the sector's middle half▲ 11.1%€88,144within the sector's middle half▲ 83.3%€49,974within the sector's middle half▼ 43.3%€62,227within the sector's middle half▲ 24.5%€62,632within the sector's middle half▲ 0.7%€55,315within the sector's middle half▼ 11.7%
Total assets€207,913-€237,617within the sector's middle half▲ 14.3%€211,258within the sector's middle half▼ 11.1%€553,662above the sector's middle half▲ 162%€572,271above the sector's middle half▲ 3.4%€563,793above the sector's middle half▼ 1.5%€539,099above the sector's middle half▼ 4.4%
Debt€164,632-€189,527▲ 15.1%€123,115▼ 35.0%€503,688▲ 309%€510,044▲ 1.3%€501,161▼ 1.7%€483,784▼ 3.5%
Working capital€12,405--€2,501below the sector's middle half€32,069within the sector's middle half€43,175within the sector's middle half▲ 34.6%€48,580within the sector's middle half▲ 12.5%€7,863within the sector's middle half▼ 83.8%-€31,635below the sector's middle half
Solvency20.8%-20.2%below the sector's middle half▼ 0.6pp41.7%within the sector's middle half▲ 21.5pp9.0%below the sector's middle half▼ 32.7pp10.9%below the sector's middle half▲ 1.8pp11.1%below the sector's middle half▲ 0.2pp10.3%below the sector's middle half▼ 0.8pp
Current ratio1.19-0.98below the sector's middle half▼ 0.211.53within the sector's middle half▲ 0.551.90within the sector's middle half▲ 0.371.61within the sector's middle half▼ 0.291.08below the sector's middle half▼ 0.540.70below the sector's middle half▼ 0.38
Return on assets (ROA)15.4%-19.3%above the sector's middle half▲ 3.9pp19.0%within the sector's middle half▼ 0.4pp-6.9%below the sector's middle half▼ 25.9pp6.5%within the sector's middle half▲ 13.4pp4.5%below the sector's middle half▼ 2.0pp1.4%below the sector's middle half▼ 3.1pp
Staff (FTE)0.1below the sector's middle half0.6▲ 500%1▲ 66.7%1=1=1=
above
within
below
The sector band is the middle half of the companies in Veterinary activities (NACE 75). 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 52% lower than in 2024.
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 €539,099
Fixed assets
€466,862 ▲ 3.4%
Current assets
€72,237 ▼ 35.7%
Equity and liabilities €539,099
Equity
€55,315 ▼ 11.7%
Debt
€483,784 ▼ 3.5%
Debt's share of the balance-sheet total rises from 88.9% to 89.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47,921▼
2024 · €71,358
Cash flow
€32,785▼
2024 · €48,838
Quick ratio
0.56▼
2024 · 0.94
Debt to equity
8.75▲
2024 · 8.00
ROE
13.9%▼
2024 · 40.6%
Interest coverage
4.16▼
2024 · 4.60
Debt ≤ 1 year
€103,872▼
2024 · €104,466
Debt > 1 year
€379,912▼
2024 · €396,696
Income taxes
€3,605▼
2024 · €7,345
Staff costs
€32,910▲
2024 · €22,048
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | - | - | - | 1 | 1 |
| part-time | 1 | 1 | 1 | - | - |
| in full-time equivalents | 0.1 | 0.1 | 0.1 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.6 | 0.1 | 0.1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | 2 | - | - | 1 | 1 |
| Left | 1 | - | - | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €124,000 | €323,500 | €323,500 | €323,500 | €323,500 |
| Mortgage mandates | - | €203,500 | €203,500 | €203,500 | €203,500 |
| Carrying value of the mortgaged assets | €84,861 | €437,209 | €435,695 | €429,027 | €415,626 |
| Pledge on the business | €60,000 | €60,000 | €60,000 | €60,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €401,625 | €2,540 | €30,688 | €40,499 |
| Depreciation and write-downs of the year | €10,976 | €50,911 | €20,992 | €23,433 | €25,102 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €165 | - |
| Remuneration, social security and pensions62 | - | - | €4,138 | €5,611 | €5,156 | €22,048 | €32,910 | ▲ 49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,105 | €12,632 | €10,976 | €50,911 | €20,992 | €23,433 | €25,102 | ▲ 7.1% |
| Other operating charges640/8 | - | - | €2,400 | €5,855 | €8,119 | €6,762 | €12,530 | ▲ 85.3% |
| Non-recurring operating charges66A | - | - | - | €6,694 | - | - | - | - |
| Gross operating margin9900 | €54,585 | €86,618 | €72,636 | €35,266 | €81,197 | €100,169 | €93,361 | ▼ 6.8% |
| Operating profit (loss)9901 | €41,485 | €66,840 | €55,121 | -€33,806 | €46,930 | €47,925 | €22,820 | ▼ 52.4% |
| Financial income75/76B | - | - | €425 | €558 | €256 | €333 | €0 | ▼ 100.0% |
| Recurring financial income75 | €432 | €19 | €425 | €558 | €256 | €333 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €1,728 | €4,788 | €9,717 | €15,509 | €11,532 | ▼ 25.6% |
| Recurring financial charges65 | €2,791 | €2,061 | €1,728 | €4,788 | €9,717 | €15,509 | €11,532 | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | €39,126 | €64,798 | €53,818 | -€38,037 | €37,469 | €32,749 | €11,288 | ▼ 65.5% |
| Income taxes67/77 | €7,102 | €18,888 | €13,764 | €134 | €215 | €7,345 | €3,605 | ▼ 50.9% |
| Profit (loss) for the period9904 | €32,024 | €45,910 | €40,053 | -€38,170 | €37,253 | €25,405 | €7,683 | ▼ 69.8% |
| Profit (loss) for the period to be appropriated9905 | €32,024 | €45,910 | €40,053 | -€38,170 | €37,253 | €25,405 | €7,683 | ▼ 69.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €207,913 | €237,617 | €211,258 | €553,662 | €572,271 | €563,793 | €539,099 | ▼ 4.4% |
| Fixed assets21/28 | €129,484 | €129,617 | €118,641 | €462,662 | €444,209 | €451,464 | €466,862 | ▲ 3.4% |
| Intangible fixed assets21 | €35,000 | €29,000 | €23,000 | €17,000 | €11,000 | €5,000 | - | - |
| Tangible fixed assets22/27 | €92,231 | €98,365 | €93,389 | €443,409 | €430,957 | €444,211 | €464,609 | ▲ 4.6% |
| Land and buildings22 | - | - | €84,861 | €437,209 | €424,694 | €429,027 | €415,626 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | €5,572 | €4,163 | €5,145 | €13,542 | €26,311 | ▲ 94.3% |
| Furniture and vehicles24 | - | - | €2,956 | €2,037 | €1,118 | €1,643 | €22,672 | ▲ 14× |
| Financial fixed assets28 | €2,253 | €2,253 | €2,253 | €2,253 | €2,253 | €2,253 | €2,253 | = |
| Current assets29/58 | €78,429 | €108,000 | €92,617 | €91,000 | €128,062 | €112,329 | €72,237 | ▼ 35.7% |
| Amounts receivable after more than one year29 | - | - | €20,000 | €20,000 | €20,000 | €6,500 | - | - |
| Other amounts receivable291 | - | - | €20,000 | €20,000 | €20,000 | €6,500 | - | - |
| Stocks and contracts in progress3 | €12,140 | €11,070 | €12,514 | €11,361 | €8,870 | €14,263 | €13,944 | ▼ 2.2% |
| Stocks30/36 | - | - | €12,514 | €11,361 | €8,870 | €14,263 | €13,944 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €18,562 | €9,112 | €16,536 | €2,579 | €30,882 | €19,127 | €6,953 | ▼ 63.6% |
| Trade receivables40 | - | - | €8,877 | €1,269 | €7,528 | €16,364 | €3,510 | ▼ 78.5% |
| Other amounts receivable41 | - | - | €7,660 | €1,310 | €23,354 | €2,763 | €3,443 | ▲ 24.6% |
| Cash at bank and in hand54/58 | €47,360 | €86,667 | €43,566 | €52,341 | €63,899 | €68,337 | €47,547 | ▼ 30.4% |
| Deferred charges and accrued income490/1 | - | - | - | €4,719 | €4,410 | €4,102 | €3,793 | ▼ 7.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €207,913 | €237,617 | €211,258 | €553,662 | €572,271 | €563,793 | €539,099 | ▼ 4.4% |
| Equity10/15 | €43,281 | €48,090 | €88,144 | €49,974 | €62,227 | €62,632 | €55,315 | ▼ 11.7% |
| Contributions10/11 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €10,860 | €10,860 | €10,860 | €10,860 | €10,860 | €10,860 | €10,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | €26,221 | €18,630 | €58,684 | €20,514 | €32,767 | €33,172 | €25,855 | ▼ 22.1% |
| Amounts payable17/49 | €164,632 | €189,527 | €123,115 | €503,688 | €510,044 | €501,161 | €483,784 | ▼ 3.5% |
| Amounts payable after more than one year17 | €98,608 | €79,026 | €61,440 | €455,862 | €430,562 | €396,696 | €379,912 | ▼ 4.2% |
| Financial debts170/4 | - | - | €61,440 | €455,862 | €430,562 | €396,696 | €379,912 | ▼ 4.2% |
| Amounts payable within one year42/48 | €66,024 | €110,501 | €60,548 | €47,826 | €79,481 | €104,466 | €103,872 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €17,586 | €9,328 | €33,073 | €33,867 | €40,841 | ▲ 20.6% |
| Trade debts44 | €15,092 | €5,544 | €15,538 | €1,252 | €6,289 | €12,041 | €8,649 | ▼ 28.2% |
| Suppliers440/4 | - | - | €15,538 | €1,252 | €6,289 | €12,041 | €8,649 | ▼ 28.2% |
| Taxes, remuneration and social security45 | - | - | €20,083 | €4,929 | €11,229 | €27,899 | €18,999 | ▼ 31.9% |
| Taxes450/3 | - | - | €19,660 | €4,642 | €10,667 | €23,123 | €16,327 | ▼ 29.4% |
| Remuneration and social security454/9 | - | - | €423 | €287 | €561 | €4,776 | €2,673 | ▼ 44.0% |
| Other amounts payable47/48 | - | - | €7,341 | €32,318 | €28,890 | €30,659 | €35,382 | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | - | €1,127 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,024 | €45,910 | €40,053 | -€38,170 | €37,253 | €25,405 | €7,683 | ▼ 69.8% |
| + Depreciation and write-downs630 | €11,105 | €12,632 | €10,976 | €50,911 | €20,992 | €23,433 | €25,102 | ▲ 7.1% |
| Operating cash flow (approximation) | €43,128 | €58,542 | €51,029 | €12,741 | €58,245 | €48,838 | €32,785 | ▼ 32.9% |
| Investment in fixed assets (approximation) | - | -€12,766 | €0 | -€394,931 | -€2,540 | -€30,688 | -€40,499 | ▼ 32.0% |
| Change in cash | - | €39,307 | -€43,101 | €8,775 | €11,558 | €4,438 | -€20,791 | - |
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, 4,508 companies had the same profile as ANIMED has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.6%
stopped otherwise
1.4%
went bankrupt
The bankruptcy probability of ANIMED itself is lower: 0.1% within 12 months. It rests on far more data about ANIMED 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 4,508 companies, not a prediction for ANIMED. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 25-04-2026 | 2026-00098432 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00086381 | |
| 30-09-2023 | micro format | 11-05-2024 | 2024-00085619 | |
| 30-09-2022 | micro format | 31-05-2023 | 2023-00099258 | |
| 30-09-2021 | micro format | 31-05-2022 | 2022-20043512 | |
| 30-09-2020 | micro format | 31-05-2021 | 2021-17300581 | |
| 30-09-2019 | micro format | 30-06-2020 | 2020-26600426 | |
| 30-09-2018 | micro format | 31-05-2019 | 2019-15900483 | |
| 30-09-2017 | micro format | 31-05-2018 | 2018-15600162 | |
| 30-09-2016 | full format | 30-06-2017 | 2017-28800313 |