ATTO
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 16 days after the deadline Filed on 16 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00038912.
Annual accounts 2025 filed on 16-02-2026 PDF all 33 filings
Turnover
€152,576▲ 18.1%
2023 · €129,225
EBIT margin
5.7%▲ 3.0pp
2023 · 2.7%
Net result
-€1,171
2024 · €5,966
Working capital
€68,188▼ 6.7%
2024 · €73,075
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
-€245
2025
20192025
Net result
-€1,171
2025
lowest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€98,825
▼ 1.2%
2025
middle half of the sector
20192025
Total assets
€116,969
▼ 5.0%
2025
middle half of the sector
20192025
Debt
€18,144
▼ 21.4%
2025
20192025
Working capital
€68,188
▼ 6.7%
2025
middle half of the sector
20192025
Solvency
84.5%
▲ 3.2pp
2025
highest quarter of the sector
20192025
Current ratio
4.76
▲ 0.59
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-1.0%
▼ 5.8pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
3.1
▲ 55.0%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€136,357€136,128▼ 0.2%€145,752▲ 7.1%€129,225▼ 11.3%€152,576▲ 18.1%
Operating result€5,666--€23,252€54,864€48,182▼ 12.2%€3,551▼ 92.6%€8,755▲ 147%-€245
Net result€3,411--€25,549below the sector's middle half€44,573within the sector's middle half€31,910within the sector's middle half▼ 28.4%€2,258below the sector's middle half▼ 92.9%€5,966below the sector's middle half▲ 164%-€1,171below the sector's middle half
EBIT margin-17.1%40.3%▲ 57.4pp33.1%▼ 7.2pp2.7%▼ 30.3pp5.7%▲ 3.0pp
Equity€40,840-€15,291below the sector's middle half▼ 62.6%€59,864within the sector's middle half▲ 292%€91,774within the sector's middle half▲ 53.3%€94,031within the sector's middle half▲ 2.5%€99,997within the sector's middle half▲ 6.3%€98,825within the sector's middle half▼ 1.2%
Total assets€85,768-€82,887below the sector's middle half▼ 3.4%€138,224within the sector's middle half▲ 66.8%€137,465within the sector's middle half▼ 0.5%€122,407within the sector's middle half▼ 11.0%€123,084within the sector's middle half▲ 0.6%€116,969within the sector's middle half▼ 5.0%
Debt€44,928-€67,596▲ 50.5%€78,360▲ 15.9%€45,691▼ 41.7%€28,376▼ 37.9%€23,087▼ 18.6%€18,144▼ 21.4%
Working capital€6,771--€13,927below the sector's middle half-€10,871below the sector's middle half▲ 21.9%€35,551within the sector's middle half€51,856within the sector's middle half▲ 45.9%€73,075within the sector's middle half▲ 40.9%€68,188within the sector's middle half▼ 6.7%
Solvency47.6%-18.4%within the sector's middle half▼ 29.2pp43.3%within the sector's middle half▲ 24.9pp66.8%within the sector's middle half▲ 23.5pp76.8%within the sector's middle half▲ 10.1pp81.2%above the sector's middle half▲ 4.4pp84.5%above the sector's middle half▲ 3.2pp
Current ratio1.15-0.79below the sector's middle half▼ 0.360.86below the sector's middle half▲ 0.071.78within the sector's middle half▲ 0.922.83within the sector's middle half▲ 1.054.17within the sector's middle half▲ 1.344.76above the sector's middle half▲ 0.59
Return on assets (ROA)4.0%--30.8%below the sector's middle half▼ 34.8pp32.2%above the sector's middle half▲ 63.1pp23.2%within the sector's middle half▼ 9.0pp1.8%below the sector's middle half▼ 21.4pp4.8%below the sector's middle half▲ 3.0pp-1.0%below the sector's middle half▼ 5.8pp
Staff (FTE)1.6-1.6below the sector's middle half=1.5▼ 6.3%1.5=1.5=2▲ 33.3%3.1▲ 55.0%
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). 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 €245, after a profit of €8,755 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,969
Fixed assets
€30,637 ▲ 13.8%
Current assets
€86,332 ▼ 10.2%
Equity and liabilities €116,969
Equity
€98,825 ▼ 1.2%
Debt
€18,144 ▼ 21.4%
Debt's share of the balance-sheet total falls from 18.8% to 15.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,008▼
2024 · €25,214
Cash flow
€19,081▼
2024 · €22,424
Debt to equity
0.18▼
2024 · 0.23
ROE
-1.2%▼
2024 · 6.0%
Interest coverage
92.93▼
2024 · over 100
Debt ≤ 1 year
€18,144▼
2024 · €23,087
Income taxes
€712▼
2024 · €2,549
Staff costs
€67,285=
2024 · €67,257
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 | 2 | 2 | 3 | 2 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 2 | 1 |
| in full-time equivalents | 1.5 | 1.5 | 2 | 1.4 |
| Average over the year, in full-time equivalents | 1.5 | 1.5 | 2 | 1.9 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | - | - | - | 36 |
| Left | - | - | - | 35 |
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 | €2,327 | €1,739 | €1,205 | €23,968 |
| Depreciation and write-downs of the year | €16,840 | €15,786 | €16,459 | €20,253 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €136,357 | €136,128 | €145,752 | €129,225 | €152,576 | - | - |
| Non-recurring operating income76A | - | - | - | €4,958 | €4,930 | €4,807 | €4,781 | ▼ 0.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €35,070 | €55,433 | €63,870 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €49,911 | €58,417 | €67,257 | €67,285 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,425 | €9,406 | €10,448 | €16,840 | €15,786 | €16,459 | €20,253 | ▲ 23.1% |
| Other operating charges640/8 | - | - | - | €707 | €969 | €1,042 | €931 | ▼ 10.6% |
| Gross operating margin9900 | €55,995 | €101,977 | €108,174 | €115,640 | €78,722 | €93,512 | €88,224 | ▼ 5.7% |
| Operating profit (loss)9901 | €5,666 | -€23,252 | €54,864 | €48,182 | €3,551 | €8,755 | -€245 | - |
| Financial income75/76B | - | - | - | - | - | €4 | €1 | ▼ 67.7% |
| Recurring financial income75 | €15 | - | - | - | - | €4 | €1 | ▼ 67.7% |
| Non-recurring financial income76B | - | - | - | - | - | €4 | - | - |
| Financial charges65/66B | - | - | - | €177 | €185 | €245 | €215 | ▼ 12.0% |
| Recurring financial charges65 | €187 | €213 | €182 | €177 | €185 | €245 | €215 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €5,494 | -€23,466 | €54,682 | €48,005 | €3,366 | €8,515 | -€459 | - |
| Income taxes67/77 | €2,083 | €2,083 | €10,108 | €16,096 | €1,109 | €2,549 | €712 | ▼ 72.1% |
| Profit (loss) for the period9904 | €3,411 | -€25,549 | €44,573 | €31,910 | €2,258 | €5,966 | -€1,171 | - |
| Profit (loss) for the period to be appropriated9905 | €3,411 | -€25,549 | €44,573 | €31,910 | €2,258 | €5,966 | -€1,171 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €85,768 | €82,887 | €138,224 | €137,465 | €122,407 | €123,084 | €116,969 | ▼ 5.0% |
| Fixed assets21/28 | €34,069 | €29,217 | €70,735 | €56,222 | €42,175 | €26,922 | €30,637 | ▲ 13.8% |
| Tangible fixed assets22/27 | €34,069 | €29,217 | €70,735 | €56,222 | €42,175 | €26,922 | €30,637 | ▲ 13.8% |
| Plant, machinery and equipment23 | - | - | - | €5,736 | €5,272 | €4,282 | €4,546 | ▲ 6.1% |
| Furniture and vehicles24 | - | - | - | €50,487 | €36,903 | €22,639 | €26,092 | ▲ 15.2% |
| Current assets29/58 | €51,699 | €53,669 | €67,488 | €81,243 | €80,232 | €96,162 | €86,332 | ▼ 10.2% |
| Amounts receivable within one year40/41 | €21,290 | €23,261 | €6,459 | €26,239 | €23,917 | €32,560 | €24,531 | ▼ 24.7% |
| Trade receivables40 | - | - | - | €25,739 | €22,989 | €31,631 | €23,137 | ▼ 26.9% |
| Other amounts receivable41 | - | - | - | €500 | €929 | €929 | €1,393 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €30,409 | €30,409 | €61,029 | €55,004 | €55,665 | €63,602 | €61,801 | ▼ 2.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €650 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €85,768 | €82,887 | €138,224 | €137,465 | €122,407 | €123,084 | €116,969 | ▼ 5.0% |
| Equity10/15 | €40,840 | €15,291 | €59,864 | €91,774 | €94,031 | €99,997 | €98,825 | ▼ 1.2% |
| Contributions10/11 | €19,336 | €19,336 | €19,336 | €19,336 | €19,336 | €19,336 | €21,195 | ▲ 9.6% |
| Capital10 | - | - | - | €19,336 | €19,336 | - | - | - |
| Issued capital100 | - | - | - | €19,336 | €19,336 | - | - | - |
| Reserves13 | €26,409 | €26,409 | €40,528 | €72,438 | €74,695 | €80,661 | €78,802 | ▼ 2.3% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €70,579 | €72,836 | €80,661 | €78,802 | ▼ 2.3% |
| Profit (loss) carried forward14 | -€4,906 | -€30,454 | - | - | - | - | -€1,171 | - |
| Amounts payable17/49 | €44,928 | €67,596 | €78,360 | €45,691 | €28,376 | €23,087 | €18,144 | ▼ 21.4% |
| Amounts payable within one year42/48 | €44,928 | €67,596 | €78,360 | €45,691 | €28,376 | €23,087 | €18,144 | ▼ 21.4% |
| Trade debts44 | €13,900 | €10,955 | €14,035 | €4,943 | €904 | €1,237 | €1,411 | ▲ 14.1% |
| Suppliers440/4 | - | - | - | €4,943 | €904 | €1,237 | €1,411 | ▲ 14.1% |
| Taxes, remuneration and social security45 | - | - | - | €14,315 | €15,164 | €21,506 | €13,710 | ▼ 36.3% |
| Taxes450/3 | - | - | - | €7,408 | €7,463 | €11,523 | €4,971 | ▼ 56.9% |
| Remuneration and social security454/9 | - | - | - | €6,907 | €7,701 | €9,984 | €8,739 | ▼ 12.5% |
| Other amounts payable47/48 | - | - | - | €26,433 | €12,308 | €345 | €3,024 | ▲ 777% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,411 | -€25,549 | €44,573 | €31,910 | €2,258 | €5,966 | -€1,171 | - |
| + Depreciation and write-downs630 | €11,425 | €9,406 | €10,448 | €16,840 | €15,786 | €16,459 | €20,253 | ▲ 23.1% |
| Operating cash flow (approximation) | €14,835 | -€16,143 | €55,021 | €48,750 | €18,043 | €22,424 | €19,081 | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | -€4,555 | -€51,966 | -€2,327 | -€1,739 | -€1,205 | -€23,968 | ▼ 1,889% |
| Change in cash | - | -€1 | €30,620 | -€6,025 | €661 | €7,938 | -€1,801 | - |
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, 12,322 companies had the same profile as ATTO has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ATTO 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 12,322 companies, not a prediction for ATTO. 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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 16-02-2026 | 2026-00038912 | |
| 30-06-2024 | micro format | 03-02-2025 | 2025-00023719 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00011921 | |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00032560 | |
| 30-06-2021 | micro format | 24-02-2022 | 2022-06200204 | |
| 30-06-2020 | abbreviated format | 30-01-2021 | 2021-04800559 | |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03100210 | |
| 30-06-2018 | abbreviated format | 18-01-2019 | 2019-01600440 | |
| 30-06-2017 | abbreviated format | 23-01-2018 | 2018-02300098 | |
| 30-06-2016 | abbreviated format | 07-07-2017 | 2017-29400503 |