Atimo Cleantech
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-12-2025 PDF all 13 filings
Turnover
≈ €570,000
Estimated: probably between €360,000 and €900,000
Total assets
€560,100▼ 3.0%
2024 · €577,622
Net result
€23,179▲ 303%
2024 · €5,751
Working capital
€260,959▲ 5.3%
2024 · €247,802
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€36,947
▲ 142%
2025
20192025
Net result
€23,179
▲ 303%
2025
middle half of the sector
20192025
Equity
€287,474
▲ 8.8%
2025
middle half of the sector
20192025
Total assets
€560,100
▼ 3.0%
2025
middle half of the sector
20192025
Debt
€272,625
▼ 13.0%
2025
20192025
Working capital
€260,959
▲ 5.3%
2025
middle half of the sector
20192025
Solvency
51.3%
▲ 5.6pp
2025
middle half of the sector
20192025
Current ratio
3.63
▲ 0.48
2025
highest quarter of the sector
20192025
Return on assets (ROA)
4.1%
▲ 3.1pp
2025
middle half of the sector
20192025
Staff (FTE)
1
▼ 16.7%
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€24,278-€19,289▼ 20.5%€11,994▼ 37.8%€17,688▲ 47.5%€17,428▼ 1.5%€15,283▼ 12.3%€36,947▲ 142%
Net result€15,013-€10,706within the sector's middle half▼ 28.7%€6,660within the sector's middle half▼ 37.8%€7,429within the sector's middle half▲ 11.6%€8,011within the sector's middle half▲ 7.8%€5,751within the sector's middle half▼ 28.2%€23,179within the sector's middle half▲ 303%
Equity€229,339-€240,045within the sector's middle half▲ 4.7%€246,705within the sector's middle half▲ 2.8%€252,533within the sector's middle half▲ 2.4%€258,545within the sector's middle half▲ 2.4%€264,296within the sector's middle half▲ 2.2%€287,474within the sector's middle half▲ 8.8%
Total assets€607,927-€609,287within the sector's middle half▲ 0.2%€602,664within the sector's middle half▼ 1.1%€593,852within the sector's middle half▼ 1.5%€590,307within the sector's middle half▼ 0.6%€577,622within the sector's middle half▼ 2.1%€560,100within the sector's middle half▼ 3.0%
Debt€378,588-€369,242▼ 2.5%€355,959▼ 3.6%€341,319▼ 4.1%€331,762▼ 2.8%€313,327▼ 5.6%€272,625▼ 13.0%
Working capital€211,483-€241,732within the sector's middle half▲ 14.3%€233,289within the sector's middle half▼ 3.5%€227,228within the sector's middle half▼ 2.6%€241,654within the sector's middle half▲ 6.3%€247,802within the sector's middle half▲ 2.5%€260,959within the sector's middle half▲ 5.3%
Solvency37.7%-39.4%within the sector's middle half▲ 1.7pp40.9%within the sector's middle half▲ 1.5pp42.5%within the sector's middle half▲ 1.6pp43.8%within the sector's middle half▲ 1.3pp45.8%within the sector's middle half▲ 2.0pp51.3%within the sector's middle half▲ 5.6pp
Current ratio2.98-3.93above the sector's middle half▲ 0.953.60above the sector's middle half▼ 0.333.32above the sector's middle half▼ 0.293.13above the sector's middle half▼ 0.183.14above the sector's middle half▲ 0.013.63above the sector's middle half▲ 0.48
Return on assets (ROA)2.5%-1.8%within the sector's middle half▼ 0.7pp1.1%within the sector's middle half▼ 0.7pp1.3%within the sector's middle half▲ 0.1pp1.4%within the sector's middle half▲ 0.1pp1.0%within the sector's middle half▼ 0.4pp4.1%within the sector's middle half▲ 3.1pp
Staff (FTE)1-1below the sector's middle half=1.1below the sector's middle half▲ 10.0%1.5below the sector's middle half▲ 36.4%1.1below the sector's middle half▼ 26.7%1.2below the sector's middle half▲ 9.1%1below the sector's middle half▼ 16.7%
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). 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 142% higher than in 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €560,100
Fixed assets
€199,767 ▼ 6.7%
Current assets
€360,333 ▼ 0.9%
Equity and liabilities €560,100
Equity
€287,474 ▲ 8.8%
Debt
€272,625 ▼ 13.0%
Debt's share of the balance-sheet total falls from 54.2% to 48.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,316▲
2024 · €49,297
Cash flow
€58,548▲
2024 · €39,765
Quick ratio
2.60▲
2024 · 2.17
Debt to equity
0.95▼
2024 · 1.19
ROE
8.1%▲
2024 · 2.2%
Interest coverage
19.18▲
2024 · 9.07
Debt ≤ 1 year
€99,374▼
2024 · €115,692
Debt > 1 year
€170,956▼
2024 · €194,865
Income taxes
€13,282▲
2024 · €6,661
Staff costs
€77,379=
2024 · €77,383
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 0 | 1 | 1 | 1 |
| part-time | 1 | 0 | 0 | 0 |
| in full-time equivalents | 0.8 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.5 | 1.1 | 1.2 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | 24 | 42 | 41 | 41 |
| Left | 25 | 42 | 41 | 41 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €30,858 | €7,033 | €7,826 | €11,173 |
| Intangible fixed assets | - | - | €6,000 | €9,833 |
| Financial fixed assets | - | €1,000 | - | - |
| Depreciation and write-downs of the year | €42,059 | €37,409 | €34,014 | €35,369 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €52,059 | €68,957 | €77,383 | €77,379 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,624 | €37,857 | €40,665 | €42,059 | €37,409 | €34,014 | €35,369 | ▲ 4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6,700 | -€9,005 | €25,979 | - |
| Other operating charges640/8 | - | - | - | €3,118 | €5,367 | €13,563 | €3,805 | ▼ 71.9% |
| Gross operating margin9900 | €125,583 | €107,930 | €97,311 | €114,924 | €135,861 | €131,236 | €179,479 | ▲ 36.8% |
| Operating profit (loss)9901 | €24,278 | €19,289 | €11,994 | €17,688 | €17,428 | €15,283 | €36,947 | ▲ 142% |
| Financial income75/76B | - | - | - | €2,584 | €3,037 | €2,563 | €3,283 | ▲ 28.1% |
| Recurring financial income75 | €5,677 | €4,972 | €4,867 | €2,584 | €3,037 | €2,563 | €3,283 | ▲ 28.1% |
| Financial charges65/66B | - | - | - | €5,953 | €5,097 | €5,434 | €3,770 | ▼ 30.6% |
| Recurring financial charges65 | €6,370 | €6,490 | €5,882 | €5,953 | €5,097 | €5,434 | €3,770 | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | €23,585 | €17,771 | €10,978 | €14,319 | €15,369 | €12,412 | €36,460 | ▲ 194% |
| Income taxes67/77 | €8,573 | €7,065 | €4,319 | €6,890 | €7,357 | €6,661 | €13,282 | ▲ 99.4% |
| Profit (loss) for the period9904 | €15,013 | €10,706 | €6,660 | €7,429 | €8,011 | €5,751 | €23,179 | ▲ 303% |
| Profit (loss) for the period to be appropriated9905 | €15,013 | €10,706 | €6,660 | €7,429 | €8,011 | €5,751 | €23,179 | ▲ 303% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €607,927 | €609,287 | €602,664 | €593,852 | €590,307 | €577,622 | €560,100 | ▼ 3.0% |
| Fixed assets21/28 | €289,746 | €284,990 | €279,740 | €268,539 | €235,317 | €214,129 | €199,767 | ▼ 6.7% |
| Intangible fixed assets21 | €2,000 | - | - | - | - | €5,961 | €13,268 | ▲ 123% |
| Tangible fixed assets22/27 | €287,646 | €284,890 | €279,640 | €268,439 | €234,217 | €208,068 | €186,399 | ▼ 10.4% |
| Land and buildings22 | - | - | - | €199,319 | €185,802 | €172,285 | €158,767 | ▼ 7.8% |
| Furniture and vehicles24 | - | - | - | €20,230 | €16,863 | €11,347 | €15,995 | ▲ 41.0% |
| Other tangible fixed assets26 | - | - | - | €48,891 | €31,551 | €24,436 | €11,637 | ▼ 52.4% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €1,100 | €100 | €100 | = |
| Current assets29/58 | €318,181 | €324,297 | €322,924 | €325,313 | €354,990 | €363,494 | €360,333 | ▼ 0.9% |
| Stocks and contracts in progress3 | €101,337 | €97,875 | €101,846 | €103,612 | €119,715 | €112,159 | €102,230 | ▼ 8.9% |
| Stocks30/36 | - | - | - | €103,612 | €119,715 | €112,159 | €102,230 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €103,058 | €134,540 | €104,231 | €109,370 | €120,532 | €90,748 | €66,724 | ▼ 26.5% |
| Trade receivables40 | - | - | - | €106,749 | €119,548 | €89,156 | €65,476 | ▼ 26.6% |
| Other amounts receivable41 | - | - | - | €2,621 | €984 | €1,593 | €1,247 | ▼ 21.7% |
| Cash at bank and in hand54/58 | €91,690 | €71,920 | €85,315 | €89,627 | €83,823 | €133,650 | €159,330 | ▲ 19.2% |
| Deferred charges and accrued income490/1 | - | - | - | €22,704 | €30,921 | €26,936 | €32,049 | ▲ 19.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €607,927 | €609,287 | €602,664 | €593,852 | €590,307 | €577,622 | €560,100 | ▼ 3.0% |
| Equity10/15 | €229,339 | €240,045 | €246,705 | €252,533 | €258,545 | €264,296 | €287,474 | ▲ 8.8% |
| Contributions10/11 | €40,000 | - | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €179,650 | €190,357 | €197,016 | €202,845 | €208,856 | €214,607 | €237,786 | ▲ 10.8% |
| Non-distributable reserves130/1 | - | - | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves not available under the articles1311 | - | - | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Distributable reserves133 | - | - | - | €198,845 | €204,856 | €210,607 | €233,786 | ▲ 11.0% |
| Profit (loss) carried forward14 | €9,688 | €9,688 | €9,688 | €9,688 | €9,688 | €9,688 | €9,688 | = |
| Amounts payable17/49 | €378,588 | €369,242 | €355,959 | €341,319 | €331,762 | €313,327 | €272,625 | ▼ 13.0% |
| Amounts payable after more than one year17 | €270,259 | €286,498 | €264,176 | €241,468 | €218,367 | €194,865 | €170,956 | ▼ 12.3% |
| Financial debts170/4 | - | - | - | €241,468 | €218,367 | €194,865 | €170,956 | ▼ 12.3% |
| Amounts payable within one year42/48 | €106,698 | €82,565 | €89,635 | €98,084 | €113,337 | €115,692 | €99,374 | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,096 | €23,102 | €21,889 | €23,909 | ▲ 9.2% |
| Trade debts44 | €55,447 | €24,209 | €43,634 | €39,651 | €51,955 | €54,263 | €35,358 | ▼ 34.8% |
| Suppliers440/4 | - | - | - | €39,651 | €51,955 | €54,263 | €35,358 | ▼ 34.8% |
| Taxes, remuneration and social security45 | - | - | - | €31,337 | €36,880 | €39,541 | €40,107 | ▲ 1.4% |
| Taxes450/3 | - | - | - | €13,219 | €17,666 | €17,767 | €19,347 | ▲ 8.9% |
| Remuneration and social security454/9 | - | - | - | €18,119 | €19,214 | €21,774 | €20,760 | ▼ 4.7% |
| Other amounts payable47/48 | - | - | - | - | €1,400 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,766 | €59 | €2,769 | €2,296 | ▼ 17.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,013 | €10,706 | €6,660 | €7,429 | €8,011 | €5,751 | €23,179 | ▲ 303% |
| + Depreciation and write-downs630 | €37,624 | €37,857 | €40,665 | €42,059 | €37,409 | €34,014 | €35,369 | ▲ 4.0% |
| Operating cash flow (approximation) | €52,637 | €48,564 | €47,325 | €49,487 | €45,420 | €39,765 | €58,548 | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | -€33,101 | -€35,415 | -€30,858 | -€4,186 | -€12,826 | -€21,007 | ▼ 63.8% |
| Change in cash | - | -€19,771 | €13,395 | €4,312 | -€5,804 | €49,828 | €25,680 | ▼ 48.5% |
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 Atimo Cleantech has now. Two years later, 95.2% 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
95.2%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Atimo Cleantech itself: 0.1% 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 Atimo Cleantech. 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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-12-2025 | 2026-00001603 | |
| 30-06-2024 | abbreviated format | 30-01-2025 | 2025-00021195 | |
| 30-06-2023 | abbreviated format | 20-12-2023 | 2023-00537101 | |
| 30-06-2022 | abbreviated format | 27-01-2023 | 2023-00005488 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-04000127 | |
| 30-06-2020 | abbreviated format | 08-02-2021 | 2021-05000412 | |
| 30-06-2019 | abbreviated format | 23-01-2020 | 2020-02000447 | |
| 30-06-2018 | micro format | 24-01-2019 | 2019-02200458 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03300325 | |
| 30-06-2016 | abbreviated format | 11-01-2017 | 2017-00900539 |