ARLIMMO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 26-05-2026 PDF all 24 filings
Turnover
€4.3m▲ 4.4%
2024 · €4.1m
EBIT margin
39.8%▼ 5.5pp
2024 · 45.3%
Net result
€803,154▼ 46.7%
2024 · €1.5m
Working capital
€3.7m▲ 45.4%
2024 · €2.5m
In the rankings
#6 company by equity in Charleroi, Real estate sector#8 company by total assets in Charleroi, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€4.3m
▲ 4.4%
2025
20182025
Operating result
€1.7m
▼ 8.4%
2025
20182025
Net result
€803,154
▼ 46.7%
2025
highest quarter of the sector
20182025
EBIT margin
39.8%
▼ 5.5pp
2025
20182025
Equity
€35.2m
▼ 1.8%
2025
highest quarter of the sector
20182025
Total assets
€36.6m
▼ 9.6%
2025
highest quarter of the sector
20182025
Debt
€1.4m
▼ 70.0%
2025
20182025
Working capital
€3.7m
▲ 45.4%
2025
highest quarter of the sector
20182025
Solvency
96.2%
▲ 7.7pp
2025
highest quarter of the sector
20182025
Current ratio
8.49
▲ 6.83
2025
highest quarter of the sector
20182025
Return on assets (ROA)
2.2%
▼ 1.5pp
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
Turnover€3.6m-€3.7m▲ 1.1%€3.2m▼ 13.1%€3.6m▲ 11.0%€3.9m▲ 8.4%€4.1m▲ 6.3%€4.1m▲ 0.8%€4.3m▲ 4.4%
Operating result€1.3m-€1.3m▲ 2.5%€0.4m▼ 66.5%€0.9m▲ 105%€1.5m▲ 69.6%€1.8m▲ 17.4%€1.9m▲ 6.6%€1.7m▼ 8.4%
Net result€1.0m-€1.1m▲ 2.4%€0.3mabove the sector's middle half▼ 69.0%€0.8mabove the sector's middle half▲ 135%€1.4mabove the sector's middle half▲ 77.8%€1.6mabove the sector's middle half▲ 15.5%€1.5mabove the sector's middle half▼ 5.5%€0.8mabove the sector's middle half▼ 46.7%
EBIT margin34.4%-34.8%▲ 0.5pp13.4%▼ 21.4pp24.8%▲ 11.4pp38.8%▲ 14.0pp42.9%▲ 4.1pp45.3%▲ 2.5pp39.8%▼ 5.5pp
Equity€38.1m-€39.2m▲ 2.8%€39.5mabove the sector's middle half▲ 0.8%€40.3mabove the sector's middle half▲ 2.0%€41.7mabove the sector's middle half▲ 3.4%€37.3mabove the sector's middle half▼ 10.6%€35.8mabove the sector's middle half▼ 4.0%€35.2mabove the sector's middle half▼ 1.8%
Total assets€47.1m-€43.1m▼ 8.5%€43.7mabove the sector's middle half▲ 1.3%€41.2mabove the sector's middle half▼ 5.7%€42.9mabove the sector's middle half▲ 4.2%€38.4mabove the sector's middle half▼ 10.5%€40.5mabove the sector's middle half▲ 5.4%€36.6mabove the sector's middle half▼ 9.6%
Debt€8.9m-€3.9m▼ 56.6%€4.1m▲ 6.3%€0.9m▼ 78.7%€1.2m▲ 38.8%€1.1m▼ 9.6%€4.7m▲ 325%€1.4m▼ 70.0%
Working capital€4.1m-€0.8m▼ 81.8%-€0.3mbelow the sector's middle half€2.1mabove the sector's middle half€5.1mabove the sector's middle half▲ 146%€2.3mabove the sector's middle half▼ 54.2%€2.5mabove the sector's middle half▲ 9.5%€3.7mabove the sector's middle half▲ 45.4%
Solvency81.0%-91.0%▲ 10.0pp90.5%above the sector's middle half▼ 0.4pp97.9%above the sector's middle half▲ 7.3pp97.2%above the sector's middle half▼ 0.7pp97.1%above the sector's middle half=88.4%above the sector's middle half▼ 8.7pp96.2%above the sector's middle half▲ 7.7pp
Current ratio15.14-3.58▼ 11.550.91within the sector's middle half▼ 2.6712.75above the sector's middle half▲ 11.8412.54above the sector's middle half▼ 0.219.22above the sector's middle half▼ 3.321.66within the sector's middle half▼ 7.568.49above the sector's middle half▲ 6.83
Return on assets (ROA)2.2%-2.5%▲ 0.3pp0.8%within the sector's middle half▼ 1.7pp1.9%within the sector's middle half▲ 1.1pp3.2%within the sector's middle half▲ 1.3pp4.2%within the sector's middle half▲ 0.9pp3.7%within the sector's middle half▼ 0.4pp2.2%within the sector's middle half▼ 1.5pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 8% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.6m
Fixed assets
€32.4m ▼ 5.0%
Current assets
€4.2m ▼ 34.6%
Equity and liabilities €36.6m
Equity
€35.2m ▼ 1.8%
Debt
€1.4m ▼ 70.0%
Debt's share of the balance-sheet total falls from 11.6% to 3.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3.4m▼
2024 · €3.6m
Cash flow
€2.5m▼
2024 · €3.2m
Debt to equity
0.04▼
2024 · 0.13
ROE
2.3%▼
2024 · 4.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€492,890▼
2024 · €3.9m
Debt > 1 year
€144,012▲
2024 · €53,935
Income taxes
€962,623▲
2024 · €491,318
Customer credit
66 days▼
2024 · 77 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | - | €123,537 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €225,449 | €175,386 | €107,340 | - | €21,479 |
| Depreciation and write-downs of the year | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is KPMG Réviseurs d'Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €23,303 | €23,646 | €24,250 | €25,810 | €26,800 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.9m | €4.3m | €4.5m | €4.6m | €4.8m | ▲ 3.7% |
| Turnover70 | €3.6m | €3.7m | €3.2m | €3.6m | €3.9m | €4.1m | €4.1m | €4.3m | ▲ 4.4% |
| Other operating income74 | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | ▼ 2.2% |
| Operating charges60/66A | - | - | - | €3.0m | €2.8m | €2.8m | €2.7m | €3.1m | ▲ 11.9% |
| Services and other goods61 | - | - | - | €0.8m | €0.7m | €0.6m | €0.6m | €0.8m | ▲ 24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.2m | -€0.1m | €0.02m | -€0.04m | €0.1m | - |
| Other operating charges640/8 | - | - | - | €0.4m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 3.6% |
| Operating profit (loss)9901 | €1.3m | €1.3m | €0.4m | €0.9m | €1.5m | €1.8m | €1.9m | €1.7m | ▼ 8.4% |
| Financial income75/76B | - | - | - | - | €0.009m | €0.2m | €0.1m | €0.05m | ▼ 61.1% |
| Recurring financial income75 | - | - | - | - | €0.009m | €0.2m | €0.1m | €0.05m | ▼ 61.1% |
| Income from financial fixed assets750 | - | - | - | - | - | - | - | €0.001m | - |
| Income from current assets751 | - | - | - | - | €0.009m | €0.2m | €0.1m | €0.05m | ▼ 61.7% |
| Other financial income752/9 | - | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €0.06m | €0.02m | €67 | €0.002m | €0.002m | ▼ 29.9% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.05m | €0.06m | €0.02m | €67 | €0.002m | €0.002m | ▼ 29.9% |
| Debt charges650 | €0.1m | €0.1m | €0.05m | €0.06m | €0.02m | €32 | €0.002m | €0.001m | ▼ 67.4% |
| Other financial charges652/9 | - | - | - | €48 | €12 | €35 | €42 | €0.001m | ▲ 20× |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.2m | €0.4m | €0.8m | €1.5m | €1.9m | €2.0m | €1.8m | ▼ 11.7% |
| Income taxes67/77 | €0.1m | €0.1m | €0.05m | €0.05m | €0.1m | €0.3m | €0.5m | €1.0m | ▲ 95.9% |
| Taxes670/3 | - | - | - | €0.05m | €0.1m | €0.3m | €0.5m | €1.0m | ▲ 94.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1.0m | €1.1m | €0.3m | €0.8m | €1.4m | €1.6m | €1.5m | €0.8m | ▼ 46.7% |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €1.1m | €0.3m | €0.8m | €1.4m | €1.6m | €1.5m | €0.8m | ▼ 46.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €47.1m | €43.1m | €43.7m | €41.2m | €42.9m | €38.4m | €40.5m | €36.6m | ▼ 9.6% |
| Fixed assets21/28 | €42.7m | €42.0m | €40.4m | €39.0m | €37.4m | €35.8m | €34.1m | €32.4m | ▼ 5.0% |
| Tangible fixed assets22/27 | €42.7m | €42.0m | €40.4m | €39.0m | €37.4m | €35.8m | €34.1m | €32.4m | ▼ 5.0% |
| Land and buildings22 | - | - | - | €38.5m | €37.0m | €35.4m | €33.7m | €32.1m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 17.9% |
| Current assets29/58 | €4.4m | €1.0m | €3.2m | €2.2m | €5.5m | €2.6m | €6.4m | €4.2m | ▼ 34.6% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €4.0m | €1.0m | €3.0m | €1.9m | €1.1m | €0.8m | €4.7m | €2.8m | ▼ 39.3% |
| Trade receivables40 | - | - | - | €1.0m | €1.0m | €0.8m | €0.9m | €0.8m | ▼ 10.5% |
| Other amounts receivable41 | - | - | - | €0.9m | €0.01m | €0.001m | €3.8m | €2.1m | ▼ 45.9% |
| Cash at bank and in hand54/58 | €0.4m | €0.004m | €0.3m | €0.4m | €4.4m | €1.8m | €1.7m | €1.4m | ▼ 19.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.05m | €358 | ▼ 99.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €47.1m | €43.1m | €43.7m | €41.2m | €42.9m | €38.4m | €40.5m | €36.6m | ▼ 9.6% |
| Equity10/15 | €38.1m | €39.2m | €39.5m | €40.3m | €41.7m | €37.3m | €35.8m | €35.2m | ▼ 1.8% |
| Contributions10/11 | €46.9m | €46.9m | €46.9m | €46.9m | €46.9m | €40.9m | €34.3m | €34.3m | = |
| Capital10 | - | - | - | €46.9m | €46.9m | €40.9m | €34.3m | €34.3m | = |
| Issued capital100 | - | - | - | €46.9m | €46.9m | €40.9m | €34.3m | €34.3m | = |
| Reserves13 | - | - | - | - | - | - | €0.08m | €0.2m | ▲ 100% |
| Non-distributable reserves130/1 | - | - | - | - | - | - | €0.08m | €0.2m | ▲ 100% |
| Legal reserve130 | - | - | - | - | - | - | €0.08m | €0.2m | ▲ 100% |
| Profit (loss) carried forward14 | -€8.7m | -€7.7m | -€7.3m | -€6.6m | -€5.2m | -€3.6m | €1.4m | €0.7m | ▼ 49.2% |
| Amounts payable17/49 | €8.9m | €3.9m | €4.1m | €0.9m | €1.2m | €1.1m | €4.7m | €1.4m | ▼ 70.0% |
| Amounts payable after more than one year17 | €8.0m | €3.0m | €0.005m | €0.05m | €0.07m | €0.07m | €0.05m | €0.1m | ▲ 167% |
| Other amounts payable178/9 | - | - | - | €0.05m | €0.07m | €0.07m | €0.05m | €0.1m | ▲ 167% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €3.5m | €0.2m | €0.4m | €0.3m | €3.9m | €0.5m | ▼ 87.2% |
| Trade debts44 | €0.2m | €0.2m | €0.5m | €0.03m | €0.2m | €0.04m | €0.7m | €0.3m | ▼ 59.8% |
| Suppliers440/4 | - | - | - | €0.03m | €0.2m | €0.04m | €0.7m | €0.3m | ▼ 59.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 20.7% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 20.7% |
| Other amounts payable47/48 | - | - | - | - | €0.03m | - | €3.0m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €1.1m | €0.3m | €0.8m | €1.4m | €1.6m | €1.5m | €0.8m | ▼ 46.7% |
| + Depreciation and write-downs630 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Operating cash flow (approximation) | €2.7m | €2.7m | €2.0m | €2.5m | €3.1m | €3.3m | €3.2m | €2.5m | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€0.09m | -€0.2m | -€0.2m | -€0.1m | €0 | -€0.02m | - |
| Change in cash | - | -€0.4m | €0.3m | €0.1m | €4.1m | -€2.7m | -€0.09m | -€0.3m | ▼ 260% |
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, 513 companies had the same profile as ARLIMMO has now. Two years later, 96.1% were still going and 0.8% had gone bankrupt.
- Large
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.1%
was still going
3.1%
stopped otherwise
0.8%
went bankrupt
That fits the bankruptcy probability of ARLIMMO itself: 0.5% 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 513 companies, not a prediction for ARLIMMO. 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 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-05-2026 | 2026-00136205 | |
| 31-12-2024 | full format | 29-07-2025 | 2025-00363153 | |
| 31-12-2023 | full format | 03-06-2024 | 2024-00122573 | |
| 31-12-2022 | full format | 27-04-2023 | 2023-00067699 | |
| 31-12-2021 | full format | 07-04-2022 | 2022-20001185 | |
| 31-12-2020 | full format | 27-04-2021 | 2021-11300055 | |
| 31-12-2019 | full format | 15-04-2020 | 2020-09100027 | |
| 31-12-2018 | full format | 16-04-2019 | 2019-10000095 | |
| 31-12-2017 | full format | 19-04-2018 | 2018-10100186 | |
| 31-12-2016 | full format | 25-04-2017 | 2017-09800156 |