ANIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 10 filings
Turnover
≈ €58,000
Estimated: probably between €38,000 and €120,000
Total assets
€291,504▼ 6.5%
2024 · €311,757
Net result
-€8,564▼ 851%
2024 · -€901
Working capital
€117,091▲ 201%
2024 · €38,844
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€8,476
2025
20182025
Net result
-€8,564
▼ 851%
2025
lowest quarter of the sector
20182025
Equity
-€2,110
2025
lowest quarter of the sector
20182025
Total assets
€291,504
▼ 6.5%
2025
middle half of the sector
20182025
Debt
€293,614
▼ 3.8%
2025
20182025
Working capital
€117,091
▲ 201%
2025
highest quarter of the sector
20182025
Solvency
-0.7%
▼ 2.8pp
2025
lowest quarter of the sector
20182025
Current ratio
1.80
▲ 0.65
2025
middle half of the sector
20182025
Return on assets (ROA)
-2.9%
▼ 2.6pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€20,766--€1,719▲ 91.7%€55,697€14,058▼ 74.8%-€24,728€13,799€54▼ 99.6%-€8,476
Net result-€20,950--€1,925▲ 90.8%€55,246above the sector's middle half€10,217within the sector's middle half▼ 81.5%-€31,379below the sector's middle half€13,668within the sector's middle half-€901below the sector's middle half-€8,564below the sector's middle half▼ 851%
Equity-€50,473--€52,397▼ 3.8%€14,849below the sector's middle half€25,065within the sector's middle half▲ 68.8%-€6,313below the sector's middle half€7,355below the sector's middle half€6,454below the sector's middle half▼ 12.2%-€2,110below the sector's middle half
Total assets€218,914-€224,943▲ 2.8%€102,833within the sector's middle half▼ 54.3%€244,996within the sector's middle half▲ 138%€171,967within the sector's middle half▼ 29.8%€225,078within the sector's middle half▲ 30.9%€311,757above the sector's middle half▲ 38.5%€291,504within the sector's middle half▼ 6.5%
Debt€269,386-€277,340▲ 3.0%€87,984▼ 68.3%€219,931▲ 150%€178,281▼ 18.9%€217,723▲ 22.1%€305,304▲ 40.2%€293,614▼ 3.8%
Working capital€75,355-€72,525▼ 3.8%-€61,154below the sector's middle half-€26,794below the sector's middle half▲ 56.2%-€37,631below the sector's middle half▼ 40.4%-€21,135below the sector's middle half▲ 43.8%€38,844within the sector's middle half€117,091above the sector's middle half▲ 201%
Solvency-23.1%--23.3%▼ 0.2pp14.4%below the sector's middle half▲ 37.7pp10.2%below the sector's middle half▼ 4.2pp-3.7%below the sector's middle half▼ 13.9pp3.3%below the sector's middle half▲ 6.9pp2.1%below the sector's middle half▼ 1.2pp-0.7%below the sector's middle half▼ 2.8pp
Current ratio1.63-1.57▼ 0.060.30below the sector's middle half▼ 1.260.88below the sector's middle half▲ 0.570.79below the sector's middle half▼ 0.090.90below the sector's middle half▲ 0.111.16within the sector's middle half▲ 0.251.80within the sector's middle half▲ 0.65
Return on assets (ROA)-9.6%--0.9%▲ 8.7pp53.7%above the sector's middle half▲ 54.6pp4.2%within the sector's middle half▼ 49.6pp-18.2%below the sector's middle half▼ 22.4pp6.1%within the sector's middle half▲ 24.3pp-0.3%below the sector's middle half▼ 6.4pp-2.9%below the sector's middle half▼ 2.6pp
Staff (FTE)1-0.6▼ 40.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 €8,476, after a profit of €54 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 €291,504
Fixed assets
€28,374 ▲ 18.9%
Current assets
€263,131 ▼ 8.6%
Equity and liabilities
Equity-€2,110
Debt€293,614
Equity is negative. Debt (€293,614) exceeds the balance-sheet total (€291,504).
Key figures and ratios
EBITDA
-€2,261▼
2024 · €6,031
Cash flow
-€2,349▼
2024 · €5,076
Quick ratio
0.33▼
2024 · 0.39
Interest coverage
-19.37▼
2024 · 49.62
Debt ≤ 1 year
€146,039▼
2024 · €249,054
Debt > 1 year
€147,575▲
2024 · €56,250
Income taxes
€0▼
2024 · €834
A ratio outside any meaningful range has been withheld (balance sheet total €291,504, equity -€2,110).
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 | €93,415 | - | €27,142 | €1,347 | €30,023 |
| Financial fixed assets | €200 | - | - | - | €1,000 |
| Depreciation and write-downs of the year | €17,450 | €20,342 | €13,273 | €5,977 | €6,215 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €349 awarded · €349 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €101 | €101 |
| 2024 | 1 | €88 | €88 |
| 2023 | 1 | €59 | €59 |
| 2022 | 1 | €101 | €101 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,133 | €6,268 | €7,138 | €17,450 | €20,342 | €13,273 | €5,977 | €6,215 | ▲ 4.0% |
| Other operating charges640/8 | - | - | - | €6,740 | €7,421 | €2,348 | €3,189 | €9,335 | ▲ 193% |
| Non-recurring operating charges66A | - | - | - | €2,000 | €0 | - | - | - | - |
| Gross operating margin9900 | €23,919 | €45,366 | €75,236 | €40,248 | €3,036 | €29,420 | €9,221 | €7,074 | ▼ 23.3% |
| Operating profit (loss)9901 | -€20,766 | -€1,719 | €55,697 | €14,058 | -€24,728 | €13,799 | €54 | -€8,476 | - |
| Financial income75/76B | - | - | - | €105 | €138 | €0 | €0 | €30 | ▲ 1,481× |
| Recurring financial income75 | - | - | €111 | €105 | €138 | €0 | €0 | €30 | ▲ 1,481× |
| Financial charges65/66B | - | - | - | €115 | €6,789 | €131 | €122 | €117 | ▼ 4.0% |
| Recurring financial charges65 | €184 | €137 | €227 | €115 | €6,789 | €131 | €122 | €117 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | -€20,950 | -€1,856 | €55,581 | €14,048 | -€31,379 | €13,668 | -€67 | -€8,564 | ▼ 12,668% |
| Income taxes67/77 | - | €68 | €335 | €3,831 | €0 | - | €834 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€20,950 | -€1,925 | €55,246 | €10,217 | -€31,379 | €13,668 | -€901 | -€8,564 | ▼ 851% |
| Profit (loss) for the period to be appropriated9905 | -€20,950 | -€1,925 | €55,246 | €10,217 | -€31,379 | €13,668 | -€901 | -€8,564 | ▼ 851% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €218,914 | €224,943 | €102,833 | €244,996 | €171,967 | €225,078 | €311,757 | €291,504 | ▼ 6.5% |
| Fixed assets21/28 | €24,172 | €25,077 | €76,002 | €51,860 | €31,317 | €28,490 | €23,860 | €28,374 | ▲ 18.9% |
| Intangible fixed assets21 | €10,000 | €8,000 | €6,000 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €3,242 | €6,147 | €44,072 | €50,760 | €30,417 | €27,590 | €22,960 | €26,474 | ▲ 15.3% |
| Plant, machinery and equipment23 | - | - | - | €2,166 | €1,590 | €1,014 | €867 | €734 | ▼ 15.3% |
| Furniture and vehicles24 | - | - | - | €48,593 | €28,827 | €26,576 | €22,093 | €25,740 | ▲ 16.5% |
| Financial fixed assets28 | €10,930 | €10,930 | €25,930 | €1,100 | €900 | €900 | €900 | €1,900 | ▲ 111% |
| Current assets29/58 | €194,741 | €199,865 | €26,830 | €193,137 | €140,650 | €196,588 | €287,898 | €263,131 | ▼ 8.6% |
| Stocks and contracts in progress3 | €176,946 | €176,946 | - | €160,823 | €92,360 | €191,155 | €189,638 | €215,514 | ▲ 13.6% |
| Stocks30/36 | - | - | - | €160,823 | €0 | €98,795 | €189,638 | €215,514 | ▲ 13.6% |
| Contracts in progress37 | - | - | - | - | €92,360 | €92,360 | €0 | - | - |
| Amounts receivable within one year40/41 | €913 | €5,268 | €18,919 | €26,798 | €8,446 | €263 | €92,377 | €33,170 | ▼ 64.1% |
| Trade receivables40 | - | - | - | €605 | €8,446 | €263 | €92,360 | €1,150 | ▼ 98.8% |
| Other amounts receivable41 | - | - | - | €26,193 | €0 | - | €17 | €32,020 | ▲ 1,865× |
| Cash at bank and in hand54/58 | €16,883 | €17,652 | €7,911 | €1,215 | €36,898 | €1,130 | €3,252 | €13,150 | ▲ 304% |
| Deferred charges and accrued income490/1 | - | - | - | €4,301 | €2,946 | €4,040 | €2,630 | €1,296 | ▼ 50.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €218,914 | €224,943 | €102,833 | €244,996 | €171,967 | €225,078 | €311,757 | €291,504 | ▼ 6.5% |
| Equity10/15 | -€50,473 | -€52,397 | €14,849 | €25,065 | -€6,313 | €7,355 | €6,454 | -€2,110 | - |
| Contributions10/11 | €8,000 | €8,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €100 | €100 | €100 | €5,065 | €5,065 | €5,065 | €5,065 | €5,065 | = |
| Non-distributable reserves130/1 | - | - | - | €100 | €100 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | - | - | - | €100 | €100 | €100 | €100 | €100 | = |
| Distributable reserves133 | - | - | - | €4,965 | €4,965 | €4,965 | €4,965 | €4,965 | = |
| Profit (loss) carried forward14 | -€58,573 | -€60,497 | -€5,251 | €0 | -€31,379 | -€17,711 | -€18,611 | -€27,175 | ▼ 46.0% |
| Amounts payable17/49 | €269,386 | €277,340 | €87,984 | €219,931 | €178,281 | €217,723 | €305,304 | €293,614 | ▼ 3.8% |
| Amounts payable after more than one year17 | €150,000 | €150,000 | - | - | - | - | €56,250 | €147,575 | ▲ 162% |
| Financial debts170/4 | - | - | - | - | - | - | €56,250 | €147,575 | ▲ 162% |
| Amounts payable within one year42/48 | €119,386 | €127,340 | €87,984 | €219,931 | €178,281 | €217,723 | €249,054 | €146,039 | ▼ 41.4% |
| Financial debts43 | - | - | - | €95 | €95 | €95 | €95 | €95 | = |
| Credit institutions430/8 | - | - | - | €95 | €95 | €95 | €95 | €95 | = |
| Trade debts44 | €85,701 | €85,186 | €72,649 | €30 | €4,322 | €0 | €70,651 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €30 | €4,322 | €0 | €70,651 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €3,831 | €11,055 | €5,838 | €4,643 | €9,791 | ▲ 111% |
| Taxes450/3 | - | - | - | €3,831 | €11,055 | €5,838 | €4,643 | €9,791 | ▲ 111% |
| Other amounts payable47/48 | - | - | - | €215,975 | €162,808 | €211,790 | €173,665 | €136,154 | ▼ 21.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,950 | -€1,925 | €55,246 | €10,217 | -€31,379 | €13,668 | -€901 | -€8,564 | ▼ 851% |
| + Depreciation and write-downs630 | €6,133 | €6,268 | €7,138 | €17,450 | €20,342 | €13,273 | €5,977 | €6,215 | ▲ 4.0% |
| Operating cash flow (approximation) | -€14,817 | €4,344 | €62,384 | €27,667 | -€11,036 | €26,941 | €5,076 | -€2,349 | - |
| Investment in fixed assets (approximation) | - | -€7,173 | -€58,063 | €6,692 | €200 | -€10,446 | -€1,347 | -€10,729 | ▼ 697% |
| Change in cash | - | €769 | -€9,741 | -€6,696 | €35,682 | -€35,768 | €2,122 | €9,898 | ▲ 366% |
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, 2,333 companies had the same profile as ANIMMO has now. Two years later, 90.6% were still going and 2.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
90.6%
was still going
5.8%
stopped otherwise
2.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ANIMMO itself: 0.7% 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 2,333 companies, not a prediction for ANIMMO. 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 |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00286525 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00426780 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00370351 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00426924 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20351602 | |
| 31-12-2020 | micro format | 26-07-2021 | 2021-40300532 | |
| 31-12-2019 | micro format | 06-10-2020 | 2020-59200138 | |
| 31-12-2018 | micro format | 19-08-2019 | 2019-47600313 | |
| 31-12-2017 | micro format | 06-08-2018 | 2018-43700553 | |
| 31-12-2013 | abbreviated format | 27-06-2014 | 2014-24000137 |