AUGIO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 11 filings
Turnover
≈ €700,000
Estimated: probably between €490,000 and €1.4m
Total assets
€507,859▲ 36.6%
2024 · €371,828
Net result
€119,980▲ 57.5%
2024 · €76,179
Working capital
€251,675▼ 3.8%
2024 · €261,733
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€155,462
▲ 39.8%
2025
20182025
Net result
€119,980
▲ 57.5%
2025
highest quarter of the sector
20182025
Equity
€309,476
=
2025
highest quarter of the sector
20182025
Total assets
€507,859
▲ 36.6%
2025
highest quarter of the sector
20182025
Debt
€198,383
▲ 218%
2025
20182025
Working capital
€251,675
▼ 3.8%
2025
highest quarter of the sector
20182025
Solvency
60.9%
▼ 22.3pp
2025
middle half of the sector
20182025
Current ratio
2.35
▼ 5.10
2025
middle half of the sector
20182025
Return on assets (ROA)
23.6%
▲ 3.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
1
=
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€52,383-€33,006▼ 37.0%€40,743▲ 23.4%€112,227▲ 175%€109,312▼ 2.6%€37,870▼ 65.4%€111,188▲ 194%€155,462▲ 39.8%
Net result€53,821-€26,388▼ 51.0%€29,575above the sector's middle half▲ 12.1%€74,744above the sector's middle half▲ 153%€77,281above the sector's middle half▲ 3.4%€26,739above the sector's middle half▼ 65.4%€76,179above the sector's middle half▲ 185%€119,980above the sector's middle half▲ 57.5%
Equity-€1,408-€24,979€54,554within the sector's middle half▲ 118%€129,298above the sector's middle half▲ 137%€206,579above the sector's middle half▲ 59.8%€233,318above the sector's middle half▲ 12.9%€309,497above the sector's middle half▲ 32.7%€309,476above the sector's middle half=
Total assets€83,824-€86,678▲ 3.4%€138,482within the sector's middle half▲ 59.8%€197,872within the sector's middle half▲ 42.9%€273,327within the sector's middle half▲ 38.1%€299,735within the sector's middle half▲ 9.7%€371,828above the sector's middle half▲ 24.1%€507,859above the sector's middle half▲ 36.6%
Debt€85,232-€61,698▼ 27.6%€83,928▲ 36.0%€68,574▼ 18.3%€66,748▼ 2.7%€66,417▼ 0.5%€62,332▼ 6.2%€198,383▲ 218%
Working capital-€4,440-€2,997-€17,183below the sector's middle half€65,700within the sector's middle half€150,661above the sector's middle half▲ 129%€177,742above the sector's middle half▲ 18.0%€261,733above the sector's middle half▲ 47.3%€251,675above the sector's middle half▼ 3.8%
Solvency-1.7%-28.8%▲ 30.5pp39.4%within the sector's middle half▲ 10.6pp65.3%above the sector's middle half▲ 25.9pp75.6%above the sector's middle half▲ 10.2pp77.8%above the sector's middle half▲ 2.3pp83.2%above the sector's middle half▲ 5.4pp60.9%within the sector's middle half▼ 22.3pp
Current ratio0.94-1.05▲ 0.110.80below the sector's middle half▼ 0.252.16within the sector's middle half▲ 1.363.56above the sector's middle half▲ 1.413.85above the sector's middle half▲ 0.297.44above the sector's middle half▲ 3.592.35within the sector's middle half▼ 5.10
Return on assets (ROA)64.2%-30.4%▼ 33.8pp21.4%above the sector's middle half▼ 9.1pp37.8%above the sector's middle half▲ 16.4pp28.3%above the sector's middle half▼ 9.5pp8.9%within the sector's middle half▼ 19.4pp20.5%above the sector's middle half▲ 11.6pp23.6%above the sector's middle half▲ 3.1pp
Staff (FTE)0.9within the sector's middle half1▲ 11.1%1=1=1=1=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 40% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The 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 €507,859
Fixed assets
€69,347 ▼ 0.2%
Current assets
€438,513 ▲ 45.0%
Equity and liabilities €507,859
Equity
€309,476 =
Debt
€198,383 ▲ 218%
Debt's share of the balance-sheet total rises from 16.8% to 39.1%. Debt is higher.
Key figures and ratios
EBITDA
€177,564▲
2024 · €144,735
Cash flow
€142,082▲
2024 · €109,725
Quick ratio
1.35▼
2024 · 4.71
Debt to equity
0.64▲
2024 · 0.20
ROE
38.8%▲
2024 · 24.6%
Interest coverage
52.56▲
2024 · 37.08
Debt ≤ 1 year
€186,838▲
2024 · €40,612
Debt > 1 year
€11,545▼
2024 · €21,720
Income taxes
€34,900▲
2024 · €31,218
Staff costs
€44,686▲
2024 · €36,544
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,749 | €16,193 | €21,625 | €43,356 | €21,698 |
| Financial fixed assets | - | - | - | - | €267 |
| Depreciation and write-downs of the year | €27,805 | €27,666 | €25,810 | €33,547 | €22,102 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €26,994 | €33,924 | €32,872 | €36,544 | €44,686 | ▲ 22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,767 | €11,578 | €20,584 | €27,805 | €27,666 | €25,810 | €33,547 | €22,102 | ▼ 34.1% |
| Other operating charges640/8 | - | - | - | €4,143 | €958 | €896 | €916 | €680 | ▼ 25.7% |
| Gross operating margin9900 | €60,927 | €46,934 | €63,610 | €171,168 | €171,860 | €97,448 | €182,195 | €222,930 | ▲ 22.4% |
| Operating profit (loss)9901 | €52,383 | €33,006 | €40,743 | €112,227 | €109,312 | €37,870 | €111,188 | €155,462 | ▲ 39.8% |
| Financial income75/76B | - | - | - | €908 | €742 | €213 | €112 | €2,797 | ▲ 25× |
| Recurring financial income75 | €5,163 | €77 | €182 | €908 | €742 | €213 | €112 | €2,797 | ▲ 25× |
| Financial charges65/66B | - | - | - | €1,353 | €1,298 | €543 | €3,904 | €3,378 | ▼ 13.5% |
| Recurring financial charges65 | €2,711 | €1,838 | €700 | €1,353 | €1,298 | €543 | €3,904 | €3,378 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €54,834 | €31,245 | €40,225 | €111,782 | €108,756 | €37,540 | €107,396 | €154,880 | ▲ 44.2% |
| Income taxes67/77 | €1,013 | €4,857 | €10,649 | €37,038 | €31,476 | €10,801 | €31,218 | €34,900 | ▲ 11.8% |
| Profit (loss) for the period9904 | €53,821 | €26,388 | €29,575 | €74,744 | €77,281 | €26,739 | €76,179 | €119,980 | ▲ 57.5% |
| Profit (loss) for the period to be appropriated9905 | €53,821 | €26,388 | €29,575 | €74,744 | €77,281 | €26,739 | €76,179 | €119,980 | ▲ 57.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €83,824 | €86,678 | €138,482 | €197,872 | €273,327 | €299,735 | €371,828 | €507,859 | ▲ 36.6% |
| Fixed assets21/28 | €14,025 | €21,982 | €71,737 | €75,332 | €63,859 | €59,674 | €69,484 | €69,347 | ▼ 0.2% |
| Tangible fixed assets22/27 | €14,025 | €21,982 | €71,737 | €75,332 | €63,859 | €59,674 | €69,484 | €69,079 | ▼ 0.6% |
| Plant, machinery and equipment23 | - | - | - | €10,129 | €5,993 | €17,278 | €41,739 | €31,339 | ▼ 24.9% |
| Furniture and vehicles24 | - | - | - | €2,741 | - | - | €5,485 | €7,672 | ▲ 39.9% |
| Leasing and similar rights25 | - | - | - | €15,548 | €10,463 | €5,378 | €293 | - | - |
| Other tangible fixed assets26 | - | - | - | €46,914 | €47,403 | €37,018 | €21,967 | €30,069 | ▲ 36.9% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €267 | - |
| Current assets29/58 | €69,798 | €64,696 | €66,745 | €122,541 | €209,467 | €240,061 | €302,344 | €438,513 | ▲ 45.0% |
| Stocks and contracts in progress3 | €50,915 | €43,650 | €54,945 | €51,473 | €88,651 | €80,948 | €110,948 | €186,312 | ▲ 67.9% |
| Stocks30/36 | - | - | - | €51,473 | €88,651 | €80,948 | €110,948 | €186,312 | ▲ 67.9% |
| Amounts receivable within one year40/41 | €8,383 | €7,163 | €2,966 | €10,623 | €12,473 | €16,981 | €9,694 | €8,756 | ▼ 9.7% |
| Trade receivables40 | - | - | - | €7,676 | €5,205 | €9,782 | €2,247 | €8,756 | ▲ 290% |
| Other amounts receivable41 | - | - | - | €2,946 | €7,268 | €7,199 | €7,446 | - | - |
| Current investments50/53 | - | - | - | - | - | - | - | €50,247 | - |
| Cash at bank and in hand54/58 | €9,751 | €13,882 | €8,834 | €59,369 | €105,579 | €142,133 | €180,361 | €190,329 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,076 | €2,765 | - | €1,342 | €2,869 | ▲ 114% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €83,824 | €86,678 | €138,482 | €197,872 | €273,327 | €299,735 | €371,828 | €507,859 | ▲ 36.6% |
| Equity10/15 | -€1,408 | €24,979 | €54,554 | €129,298 | €206,579 | €233,318 | €309,497 | €309,476 | = |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €26,860 | €101,604 | €178,885 | €205,624 | €281,802 | €281,802 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €99,744 | €177,025 | €203,764 | €281,802 | €281,802 | = |
| Profit (loss) carried forward14 | -€15,668 | €10,719 | €15,294 | €15,294 | €15,294 | €15,294 | €15,294 | €15,274 | ▼ 0.1% |
| Amounts payable17/49 | €85,232 | €61,698 | €83,928 | €68,574 | €66,748 | €66,417 | €62,332 | €198,383 | ▲ 218% |
| Amounts payable after more than one year17 | €10,993 | - | - | €11,734 | €7,941 | €4,098 | €21,720 | €11,545 | ▼ 46.8% |
| Financial debts170/4 | - | - | - | €11,734 | €7,941 | €4,098 | €21,720 | €11,545 | ▼ 46.8% |
| Amounts payable within one year42/48 | €74,239 | €61,698 | €83,928 | €56,841 | €58,806 | €62,319 | €40,612 | €186,838 | ▲ 360% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,742 | €3,792 | €3,843 | €13,831 | €10,378 | ▼ 25.0% |
| Trade debts44 | €12,014 | €6,244 | €3,839 | €12,011 | €25,028 | €15,039 | €2,842 | €12,516 | ▲ 340% |
| Suppliers440/4 | - | - | - | €12,011 | €25,028 | €15,039 | €2,842 | €12,516 | ▲ 340% |
| Advances received on contracts in progress46 | - | - | - | €1,165 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €39,923 | €29,986 | €21,803 | €23,939 | €35,369 | ▲ 47.7% |
| Taxes450/3 | - | - | - | €33,573 | €27,009 | €18,914 | €20,747 | €32,033 | ▲ 54.4% |
| Remuneration and social security454/9 | - | - | - | €6,350 | €2,977 | €2,888 | €3,192 | €3,336 | ▲ 4.5% |
| Other amounts payable47/48 | - | - | - | - | - | €21,635 | - | €128,574 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,821 | €26,388 | €29,575 | €74,744 | €77,281 | €26,739 | €76,179 | €119,980 | ▲ 57.5% |
| + Depreciation and write-downs630 | €7,767 | €11,578 | €20,584 | €27,805 | €27,666 | €25,810 | €33,547 | €22,102 | ▼ 34.1% |
| Operating cash flow (approximation) | €61,588 | €37,966 | €50,159 | €102,549 | €104,947 | €52,549 | €109,725 | €142,082 | ▲ 29.5% |
| Investment in fixed assets (approximation) | - | -€19,535 | -€70,339 | -€31,400 | -€16,193 | -€21,625 | -€43,356 | -€21,965 | ▲ 49.3% |
| Change in cash | - | €4,131 | -€5,048 | €50,535 | €46,210 | €36,554 | €38,228 | €9,968 | ▼ 73.9% |
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, 34,693 companies had the same profile as AUGIO has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of AUGIO 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 34,693 companies, not a prediction for AUGIO. 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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-04-2026 | 2026-00095756 | |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00103388 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00107720 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00195176 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20110359 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56200595 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-36800387 | |
| 31-12-2018 | micro format | 19-06-2019 | 2019-19400203 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-36300467 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-52800263 |