ATRIUM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 26 filings
Every figure per financial year
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m |
| Carrying value of the mortgaged assets | €2.4m | €2.5m | €2.4m | €2.3m | €2.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,952 | €2,095 | €4,181 | - | €991 |
| Depreciation and write-downs of the year | €81,178 | €80,290 | €80,378 | €81,607 | €81,457 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €41 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,818 | €115,749 | €80,766 | €81,178 | €80,290 | €80,378 | €81,607 | €81,457 | ▼ 0.2% |
| Other operating charges640/8 | - | - | - | €8,907 | €9,274 | €9,837 | €10,259 | €10,553 | ▲ 2.9% |
| Gross operating margin9900 | €259,988 | €214,977 | €440,788 | €106,993 | €146,522 | €147,971 | €162,922 | €165,488 | ▲ 1.6% |
| Operating profit (loss)9901 | €96,443 | €89,305 | €349,719 | €16,908 | €56,958 | €57,756 | €71,056 | €73,478 | ▲ 3.4% |
| Financial income75/76B | - | - | - | €0 | €0 | - | €0 | €17 | ▲ 869× |
| Recurring financial income75 | €0 | €98 | €523 | €0 | €0 | - | €0 | €17 | ▲ 869× |
| Financial charges65/66B | - | - | - | €39,047 | €35,303 | €47,720 | €66,938 | €61,797 | ▼ 7.7% |
| Recurring financial charges65 | €79,697 | €68,161 | €49,059 | €39,047 | €35,303 | €47,720 | €66,938 | €61,797 | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | €16,746 | €21,241 | €301,183 | -€22,139 | €21,655 | €10,037 | €4,118 | €11,698 | ▲ 184% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €71,250 | - | - |
| Income taxes67/77 | €10,984 | €3,709 | €7,344 | €1,051 | €1,233 | €3,584 | €98,607 | €3,984 | ▼ 96.0% |
| Profit (loss) for the period9904 | €5,763 | €17,532 | €222,589 | -€23,190 | €20,422 | €6,453 | -€23,239 | €7,714 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €213,750 | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,763 | €17,532 | €8,839 | -€23,190 | €20,422 | €6,453 | €190,511 | €7,714 | ▼ 96.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.4m | €3.2m | €3.2m | €2.7m | €2.6m | €2.5m | €2.4m | €2.3m | ▼ 2.7% |
| Fixed assets21/28 | €3.0m | €3.0m | €2.6m | €2.5m | €2.4m | €2.3m | €2.2m | €2.2m | ▼ 3.6% |
| Tangible fixed assets22/27 | €3.0m | €3.0m | €2.6m | €2.5m | €2.4m | €2.3m | €2.2m | €2.2m | ▼ 3.6% |
| Land and buildings22 | - | - | - | €2.4m | €2.3m | €2.3m | €2.2m | €2.1m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | - | €0.002m | €0.005m | €0.003m | €0.002m | ▼ 35.1% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.01m | €0.008m | €0.005m | ▼ 38.0% |
| Other tangible fixed assets26 | - | - | - | €0.06m | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 25.0% |
| Current assets29/58 | €0.4m | €0.2m | €0.7m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 14.5% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts receivable within one year40/41 | €0.005m | €0.02m | €0.003m | €0.004m | €0.009m | €0.005m | - | €0.002m | - |
| Trade receivables40 | - | - | - | €0.001m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.003m | €0.009m | €0.005m | - | €0.002m | - |
| Cash at bank and in hand54/58 | €0.3m | €0.08m | €0.5m | €0.08m | €0.05m | €0.01m | €0.001m | €0.02m | ▲ 26× |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | - | €0.004m | €0.004m | €0.004m | ▲ 5.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.4m | €3.2m | €3.2m | €2.7m | €2.6m | €2.5m | €2.4m | €2.3m | ▼ 2.7% |
| Equity10/15 | €0.9m | €0.9m | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 1.1% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 2.1% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.2m | €0.2m | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.2m | €0.4m | €0.4m | ▲ 2.1% |
| Profit (loss) carried forward14 | - | - | - | -€0.02m | -€0.003m | - | - | - | - |
| Provisions and deferred taxes16 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | - | - | - |
| Deferred taxes168 | - | - | - | €0.07m | €0.07m | €0.07m | - | - | - |
| Amounts payable17/49 | €2.6m | €2.4m | €2.4m | €1.9m | €1.8m | €1.7m | €1.7m | €1.6m | ▼ 4.3% |
| Amounts payable after more than one year17 | €1.9m | €1.8m | €1.5m | €1.3m | €1.2m | €1.0m | €0.8m | €0.7m | ▼ 18.1% |
| Financial debts170/4 | - | - | - | €1.3m | €1.2m | €1.0m | €0.8m | €0.7m | ▼ 18.1% |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.9m | €0.6m | €0.6m | €0.6m | €0.8m | €0.8m | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 2.5% |
| Trade debts44 | €0.001m | €0.001m | €498 | €186 | €0.002m | €0.004m | €144 | €0.002m | ▲ 12× |
| Suppliers440/4 | - | - | - | €186 | €0.002m | €0.004m | €144 | €0.002m | ▲ 12× |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.001m | €0.003m | €0.09m | €0.09m | ▼ 0.1% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.003m | €0.09m | €0.09m | ▼ 0.1% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 13.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.03m | €0.04m | €0.05m | ▲ 32.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,763 | €17,532 | €222,589 | -€23,190 | €20,422 | €6,453 | -€23,239 | €7,714 | - |
| + Depreciation and write-downs630 | €101,818 | €115,749 | €80,766 | €81,178 | €80,290 | €80,378 | €81,607 | €81,457 | ▼ 0.2% |
| Operating cash flow (approximation) | €107,581 | €133,281 | €303,355 | €57,987 | €100,711 | €86,831 | €58,368 | €89,171 | ▲ 52.8% |
| Investment in fixed assets (approximation) | - | -€115,806 | €383,549 | -€8,952 | -€2,095 | -€4,181 | €0 | -€991 | - |
| Change in cash | - | -€203,002 | €452,665 | -€455,802 | -€35,000 | -€33,516 | -€11,375 | €14,726 | - |
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, 14,766 companies had the same profile as ATRIUM has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ATRIUM 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 14,766 companies, not a prediction for ATRIUM. 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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00381377 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00340451 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00216993 | |
| 31-12-2022 | micro format | 24-03-2023 | 2023-00044543 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20243298 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45400460 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22200413 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35000506 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-32500386 | |
| 31-12-2016 | micro format | 19-07-2017 | 2017-33000034 |