ATOM
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-04-2026 PDF all 32 filings
Turnover
≈ €430,000
Estimated: probably between €200,000 and €1.0m
Total assets
€7.2m▲ 25.1%
2024 · €5.7m
Net result
€173,106
2024 · -€60,798
Working capital
-€1.7m▼ 426%
2024 · -€328,583
In the rankings
#6 company by total assets in Zandhoven, Wholesale and retail trade sector#6 company by equity in Zandhoven, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
-€93,284
▲ 67.5%
2025
20182025
Net result
€173,106
2025
highest quarter of the sector
20182025
Equity
€4.6m
▲ 2.0%
2025
highest quarter of the sector
20182025
Total assets
€7.2m
▲ 25.1%
2025
highest quarter of the sector
20182025
Debt
€2.4m
▲ 130%
2025
20182025
Working capital
-€1.7m
▼ 426%
2025
lowest quarter of the sector
20182025
Solvency
64.1%
▼ 14.5pp
2025
middle half of the sector
20182025
Current ratio
0.23
▼ 0.42
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
2.4%
▲ 3.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202022202320242025
Operating result-€0.3m-€0.2m€0.3m▲ 75.5%-€1.7m-€0.5m-€0.3m-€0.09m▲ 67.5%
Net result-€0.2m-€1.6m€0.2mabove the sector's middle half▼ 84.9%€0.3mabove the sector's middle half-€0.5mabove the sector's middle half▲ 73.8%-€0.06mbelow the sector's middle half€0.2mabove the sector's middle half
Equity€3.4m-€4.4m▲ 29.1%€4.6mabove the sector's middle half▲ 5.6%€4.7mabove the sector's middle half-€4.6mabove the sector's middle half▼ 2.6%€4.5mabove the sector's middle half▼ 1.3%€4.6mabove the sector's middle half▲ 2.0%
Total assets€4.9m-€5.3m▲ 9.1%€5.5mabove the sector's middle half▲ 3.6%€5.8mabove the sector's middle half-€5.1mabove the sector's middle half▼ 11.7%€5.7mabove the sector's middle half▲ 11.8%€7.2mabove the sector's middle half▲ 25.1%
Debt€1.5m-€0.9m▼ 36.6%€0.9m▼ 5.8%€1.1m-€0.4m▼ 65.4%€1.1m▲ 174%€2.4m▲ 130%
Working capital€0.02m-€1.4m▲ 71×€0.4mwithin the sector's middle half▼ 75.7%€0.8mwithin the sector's middle half-€1.2mabove the sector's middle half▲ 57.9%-€0.3mbelow the sector's middle half-€1.7mbelow the sector's middle half▼ 426%
Solvency69.7%-82.4%▲ 12.7pp84.0%above the sector's middle half▲ 1.6pp80.7%above the sector's middle half-89.1%above the sector's middle half▲ 8.4pp78.6%above the sector's middle half▼ 10.5pp64.1%within the sector's middle half▼ 14.5pp
Current ratio1.03-4.08▲ 3.052.54within the sector's middle half▼ 1.541.83within the sector's middle half-6.43above the sector's middle half▲ 4.600.65below the sector's middle half▼ 5.780.23below the sector's middle half▼ 0.42
Return on assets (ROA)-4.1%-30.8%▲ 34.8pp4.5%within the sector's middle half▼ 26.3pp5.0%within the sector's middle half-9.9%within the sector's middle half▲ 4.9pp-1.1%below the sector's middle half▼ 10.9pp2.4%within the sector's middle half▲ 3.5pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 €93,284, smaller than the loss of €287,056 in 2024.
Large changes and their cause
- 2023 Net result +74% on 2022. The previous financial year ran 21 months, this one 12.
Turnover and EBIT margin are not published. The abbreviated or 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 €7.2m
Fixed assets
€6.6m ▲ 29.8%
Current assets
€507,186 ▼ 15.2%
Equity and liabilities €7.2m
Equity
€4.6m ▲ 2.0%
Provisions
€133,921 ▼ 18.2%
Debt
€2.4m ▲ 130%
Debt's share of the balance-sheet total rises from 18.5% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,866▲
2024 · -€133,686
Cash flow
€279,256▲
2024 · €92,573
Debt to equity
0.53▲
2024 · 0.24
ROE
3.8%▲
2024 · -1.4%
Interest coverage
0.09▲
2024 · -5.16
Debt ≤ 1 year
€2.2m▲
2024 · €926,788
Debt > 1 year
€184,016▲
2024 · €131,720
Income taxes
€93,263▲
2024 · €781
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €807,761 | €1.1m | €2.0m | €1.7m |
| Financial fixed assets | €519,577 | €434,291 | €268,406 | €655,695 |
| Depreciation and write-downs of the year | €344,488 | €81,257 | €153,371 | €106,150 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.7m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.09m | €0.3m | €0.08m | €0.2m | €0.1m | ▼ 30.8% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.005m | €0.03m | €0.1m | ▲ 200% |
| Non-recurring operating charges66A | - | - | - | €1.1m | - | - | €0.005m | - |
| Gross operating margin9900 | €0.4m | €0.3m | €0.4m | -€0.2m | €0.6m | -€0.1m | €0.1m | - |
| Operating profit (loss)9901 | -€0.3m | €0.2m | €0.3m | -€1.7m | €0.5m | -€0.3m | -€0.09m | ▲ 67.5% |
| Financial income75/76B | - | - | - | €2.1m | €0.2m | €0.2m | €0.5m | ▲ 104% |
| Recurring financial income75 | €0.05m | €0.2m | €0.07m | €1.0m | €0.2m | €0.2m | €0.1m | ▼ 48.8% |
| Non-recurring financial income76B | - | - | - | €1.2m | €0.007m | €0.007m | €0.4m | ▲ 55× |
| Financial charges65/66B | - | - | - | €0.04m | €0.01m | €0.03m | €0.1m | ▲ 452% |
| Recurring financial charges65 | €0.04m | €0.03m | €0.008m | €0.04m | €0.01m | €0.03m | €0.1m | ▲ 452% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €1.8m | €0.3m | €0.4m | €0.7m | -€0.07m | €0.3m | - |
| Transfer from deferred taxes780 | - | - | - | - | €0.001m | €0.007m | €0.002m | ▼ 72.3% |
| Transfer to deferred taxes680 | - | - | - | - | €0.2m | - | - | - |
| Income taxes67/77 | €0.002m | €0.2m | €0.09m | €0.08m | €0.008m | €0.001m | €0.09m | ▲ 119× |
| Profit (loss) for the period9904 | -€0.2m | €1.6m | €0.2m | €0.3m | €0.5m | -€0.06m | €0.2m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.006m | €0.02m | €0.006m | ▼ 72.3% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.5m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €1.6m | €0.2m | €0.3m | -€0.006m | -€0.04m | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.9m | €5.3m | €5.5m | €5.8m | €5.1m | €5.7m | €7.2m | ▲ 25.1% |
| Fixed assets21/28 | €4.2m | €3.4m | €4.9m | €4.1m | €3.7m | €5.1m | €6.6m | ▲ 29.8% |
| Tangible fixed assets22/27 | €3.1m | €2.1m | €2.8m | €2.1m | €1.6m | €3.4m | €4.5m | ▲ 32.5% |
| Land and buildings22 | - | - | - | €1.7m | €0.6m | €1.4m | €1.9m | ▲ 29.4% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.004m | €0.003m | - | - |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.05m | €0.1m | ▲ 107% |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.03m | €0.03m | €0.05m | ▲ 60.1% |
| Assets under construction and advance payments27 | - | - | - | €0.2m | €0.9m | €1.9m | €2.5m | ▲ 32.5% |
| Financial fixed assets28 | €1.1m | €1.3m | €2.2m | €2.0m | €2.0m | €1.7m | €2.1m | ▲ 24.5% |
| Current assets29/58 | €0.7m | €1.9m | €0.6m | €1.7m | €1.4m | €0.6m | €0.5m | ▼ 15.2% |
| Amounts receivable within one year40/41 | €0.2m | €1.5m | €0.2m | €0.5m | €0.2m | €0.3m | €0.2m | ▼ 26.3% |
| Trade receivables40 | - | - | - | €0.4m | €0.02m | €0.1m | €0.2m | ▲ 10.2% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.2m | €0.1m | €0.04m | ▼ 66.1% |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.3m | €1.1m | €1.1m | €0.1m | €0.1m | ▲ 23.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 18.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.9m | €5.3m | €5.5m | €5.8m | €5.1m | €5.7m | €7.2m | ▲ 25.1% |
| Equity10/15 | €3.4m | €4.4m | €4.6m | €4.7m | €4.6m | €4.5m | €4.6m | ▲ 2.0% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Revaluation surpluses12 | - | - | - | €0.6m | - | - | - | - |
| Reserves13 | €1.9m | €3.7m | €3.9m | €4.0m | €4.5m | €4.4m | €4.5m | ▲ 2.0% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.5m | €0.5m | €0.4m | ▼ 17.5% |
| Distributable reserves133 | - | - | - | €3.9m | €3.9m | €3.9m | €4.1m | ▲ 4.6% |
| Provisions and deferred taxes16 | - | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 18.2% |
| Deferred taxes168 | - | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 18.2% |
| Amounts payable17/49 | €1.5m | €0.9m | €0.9m | €1.1m | €0.4m | €1.1m | €2.4m | ▲ 130% |
| Amounts payable after more than one year17 | €0.8m | €0.5m | €0.7m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 39.7% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 39.7% |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.2m | €0.9m | €0.2m | €0.9m | €2.2m | ▲ 141% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.04m | €0.04m | €0.04m | ▲ 2.4% |
| Financial debts43 | - | - | - | - | - | €0.5m | €0.6m | ▲ 20.0% |
| Credit institutions430/8 | - | - | - | - | - | €0.5m | €0.6m | ▲ 20.0% |
| Trade debts44 | €0.1m | €0.01m | - | €0.2m | €0.1m | €0.1m | €0.3m | ▲ 90.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.3m | ▲ 90.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.02m | €0.02m | €0.1m | ▲ 554% |
| Taxes450/3 | - | - | - | €0.09m | €0.02m | €0.02m | €0.1m | ▲ 554% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.04m | €0.2m | €1.2m | ▲ 426% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €1.6m | €0.2m | €0.3m | €0.5m | -€0.06m | €0.2m | - |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.09m | €0.3m | €0.08m | €0.2m | €0.1m | ▼ 30.8% |
| Operating cash flow (approximation) | -€0.03m | €1.7m | €0.3m | €0.6m | €0.6m | €0.09m | €0.3m | ▲ 202% |
| Investment in fixed assets (approximation) | - | €0.7m | -€1.6m | - | €0.3m | -€1.6m | -€1.6m | ▼ 3.4% |
| Change in cash | - | -€0.01m | €0.04m | - | -€0.004m | -€1.0m | €0.02m | - |
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, 1,887 companies had the same profile as ATOM has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
97.9%
was still going
2.0%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of ATOM 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 1,887 companies, not a prediction for ATOM. 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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 27-04-2026 | 2026-00089188 | |
| 30-09-2024 | abbreviated format | 01-05-2025 | 2025-00086669 | |
| 30-09-2023 | abbreviated format | 30-03-2024 | 2024-00053366 | |
| 30-09-2022 | abbreviated format | 30-04-2023 | 2023-00073318 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39600212 | |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-22900552 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-33100241 | |
| 31-12-2017 | abbreviated format | 11-06-2018 | 2018-17800185 | |
| 31-12-2016 | abbreviated format | 12-06-2017 | 2017-16600289 | |
| 31-12-2015 | abbreviated format | 17-06-2016 | 2016-19000574 |