AUGUSTUS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 17 filings
Turnover
≈ €1.5m
Estimated: probably between €920,000 and €2.6m
Total assets
€1.7m▲ 16.8%
2024 · €1.5m
Net result
€116,165
2024 · -€32,405
Working capital
€455,317▼ 8.2%
2024 · €495,986
Multi-year overview
2019 to 2025, 8 financial yearsOperating result
€166,137
2025
20192025
Net result
€116,165
2025
middle half of the sector
20192025
Equity
€1.1m
▲ 11.4%
2025
middle half of the sector
20192025
Total assets
€1.7m
▲ 16.8%
2025
middle half of the sector
20192025
Debt
€567,589
▲ 29.3%
2025
20192025
Working capital
€455,317
▼ 8.2%
2025
middle half of the sector
20192025
Solvency
66.6%
▼ 3.2pp
2025
middle half of the sector
20192025
Current ratio
2.73
▼ 1.31
2025
middle half of the sector
20192025
Return on assets (ROA)
6.8%
▲ 9.1pp
2025
middle half of the sector
20192025
Staff (FTE)
5
▼ 25.4%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202020212022202320242025
Operating result€0.03m-€0.01m▼ 65.4%€0.6m-€0.3m▼ 50.8%-€0.05m€0.3m-€0.03m€0.2m
Net result€0.02m-€0.02mwithin the sector's middle half▼ 21.7%€0.5mabove the sector's middle half-€0.2mwithin the sector's middle half▼ 60.9%-€0.05mbelow the sector's middle half€0.2mwithin the sector's middle half-€0.03mbelow the sector's middle half€0.1mwithin the sector's middle half
Equity€0.2m-€0.2mbelow the sector's middle half▲ 11.2%€0.7mwithin the sector's middle half-€0.9mwithin the sector's middle half▲ 27.6%€0.9mwithin the sector's middle half▼ 5.0%€1.1mwithin the sector's middle half▲ 20.6%€1.0mwithin the sector's middle half▼ 3.1%€1.1mwithin the sector's middle half▲ 11.4%
Total assets€0.2m-€0.5mbelow the sector's middle half▲ 119%€1.1mwithin the sector's middle half-€1.3mwithin the sector's middle half▲ 17.6%€1.4mwithin the sector's middle half▲ 9.1%€1.6mwithin the sector's middle half▲ 17.4%€1.5mwithin the sector's middle half▼ 9.3%€1.7mwithin the sector's middle half▲ 16.8%
Debt€0.06m-€0.3m▲ 423%€0.3m-€0.3m▼ 3.1%€0.5m▲ 47.4%€0.6m▲ 11.8%€0.4m▼ 21.1%€0.6m▲ 29.3%
Working capital€0.07m-€0.04mbelow the sector's middle half▼ 38.1%€0.6mwithin the sector's middle half-€0.8mwithin the sector's middle half▲ 30.2%€0.3mwithin the sector's middle half▼ 60.3%€0.7mwithin the sector's middle half▲ 109%€0.5mwithin the sector's middle half▼ 25.1%€0.5mwithin the sector's middle half▼ 8.2%
Solvency73.9%-37.6%within the sector's middle half▼ 36.3pp67.3%above the sector's middle half-73.1%above the sector's middle half▲ 5.7pp63.6%above the sector's middle half▼ 9.4pp65.4%above the sector's middle half▲ 1.7pp69.9%above the sector's middle half▲ 4.5pp66.6%within the sector's middle half▼ 3.2pp
Current ratio2.20-1.18within the sector's middle half▼ 1.013.44above the sector's middle half-3.82above the sector's middle half▲ 0.381.67within the sector's middle half▼ 2.153.49above the sector's middle half▲ 1.824.03above the sector's middle half▲ 0.542.73within the sector's middle half▼ 1.31
Return on assets (ROA)10.6%-3.8%within the sector's middle half▼ 6.8pp47.4%above the sector's middle half-15.8%above the sector's middle half▼ 31.6pp-3.3%below the sector's middle half▼ 19.1pp11.1%within the sector's middle half▲ 14.5pp-2.2%below the sector's middle half▼ 13.4pp6.8%within the sector's middle half▲ 9.1pp
Staff (FTE)6.2within the sector's middle half-6.8within the sector's middle half▲ 9.7%6.9within the sector's middle half▲ 1.5%8.4within the sector's middle half▲ 21.7%6.7within the sector's middle half▼ 20.2%5within the sector's middle half▼ 25.4%
above
within
below
The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). 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 profit of €166,137, after a loss of €28,863 in 2024.
Large changes and their cause
- 2021 Net result -61% on 2020. The previous financial year ran 3 months, this one 12.
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 €1.7m
Fixed assets
€982,588 ▲ 23.2%
Current assets
€719,139 ▲ 9.1%
Equity and liabilities €1.7m
Equity
€1.1m ▲ 11.4%
Debt
€567,589 ▲ 29.3%
Debt's share of the balance-sheet total rises from 30.1% to 33.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€247,063▲
2024 · €50,193
Cash flow
€197,091▲
2024 · €46,651
Quick ratio
2.00▼
2024 · 3.52
Debt to equity
0.50▲
2024 · 0.43
ROE
10.2%▲
2024 · -3.2%
Interest coverage
23.03▲
2024 · 5.27
Debt ≤ 1 year
€263,823▲
2024 · €163,432
Debt > 1 year
€300,718▲
2024 · €274,933
Income taxes
€43,114▲
2024 · €1,665
Staff costs
€393,898▼
2024 · €521,352
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 | 7 | 8 | 10 | 5 | 5 |
| full-time | 6 | 6 | 9 | 4 | 4 |
| part-time | 1 | 2 | 1 | 1 | 1 |
| in full-time equivalents | 6.8 | 7.6 | 9.8 | 4.8 | 4.8 |
| Average over the year, in full-time equivalents | 6.8 | 6.9 | 8.4 | 6.7 | 5 |
| On a permanent contract | 7 | 8 | 9 | 5 | 5 |
| Joined | 8 | 5 | 5 | 3 | 1 |
| Left | 1 | 4 | 3 | 8 | 1 |
| Training hours | - | - | 132 | 0 | 248 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €96,061 | - | - | - | - |
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 | €30,687 | €11,211 | €165,395 | €197,111 | €265,862 |
| Intangible fixed assets | - | - | €1,380 | - | - |
| Financial fixed assets | - | €450,100 | €0 | - | €0 |
| Depreciation and write-downs of the year | €60,443 | €54,378 | €60,680 | €79,056 | €80,926 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €37,580 awarded · €36,935 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €10,573 | €9,928 |
| 2024 | 2 | €9,972 | €9,972 |
| 2023 | 1 | €8,304 | €8,304 |
| 2022 | 2 | €8,731 | €8,731 |
Annual accounts
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €384,646 | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €345,971 | €382,690 | €393,721 | €554,213 | €521,352 | €393,898 | ▼ 24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,634 | €15,279 | €44,883 | €60,443 | €54,378 | €60,680 | €79,056 | €80,926 | ▲ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,242 | - | €882 | €489 | €0 | - | - |
| Other operating charges640/8 | - | - | €1,344 | €1,970 | €1,290 | €57,641 | €3,879 | €7,002 | ▲ 80.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | -€91 | - |
| Gross operating margin9900 | €47,651 | €27,297 | €970,560 | €728,923 | €404,216 | €928,720 | €575,423 | €647,873 | ▲ 12.6% |
| Operating profit (loss)9901 | €33,115 | €11,445 | €577,120 | €283,820 | -€46,055 | €255,697 | -€28,863 | €166,137 | - |
| Financial income75/76B | - | - | €2,928 | €5,133 | €3,833 | €4,860 | €7,640 | €3,867 | ▼ 49.4% |
| Recurring financial income75 | €1 | - | €2,928 | €5,133 | €3,833 | €4,860 | €5,140 | €3,867 | ▼ 24.8% |
| Non-recurring financial income76B | - | - | - | - | - | - | €2,500 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €1,833 | €2,540 | €3,732 | €10,878 | €9,517 | €10,726 | ▲ 12.7% |
| Recurring financial charges65 | €211 | €1,185 | €1,833 | €2,540 | €3,732 | €10,878 | €9,517 | €10,726 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €32,904 | €23,835 | €578,215 | €286,413 | -€45,954 | €249,679 | -€30,740 | €159,278 | - |
| Income taxes67/77 | €10,391 | €6,205 | €72,000 | €88,369 | -€294 | €70,517 | €1,665 | €43,114 | ▲ 26× |
| Profit (loss) for the period9904 | €22,513 | €17,631 | €506,215 | €198,044 | -€45,660 | €179,163 | -€32,405 | €116,165 | - |
| Transfer from tax-exempt reserves789 | - | - | €37,562 | - | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €22,513 | €17,631 | €543,777 | €198,044 | -€45,660 | €179,163 | -€32,405 | €116,165 | - |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.5m | €1.1m | €1.3m | €1.4m | €1.6m | €1.5m | €1.7m | ▲ 16.8% |
| Fixed assets21/28 | €0.09m | €0.2m | €0.2m | €0.2m | €0.6m | €0.7m | €0.8m | €1.0m | ▲ 23.2% |
| Intangible fixed assets21 | - | - | - | - | - | €0.001m | €0.001m | €228 | ▼ 66.8% |
| Tangible fixed assets22/27 | €0.008m | €0.08m | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | €0.5m | ▲ 52.7% |
| Land and buildings22 | - | - | €0.001m | - | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 31.3% |
| Furniture and vehicles24 | - | - | €0.08m | €0.07m | €0.06m | €0.08m | €0.05m | €0.09m | ▲ 70.7% |
| Leasing and similar rights25 | - | - | €0.1m | €0.08m | €0.05m | €0.03m | €0.006m | €12 | ▼ 99.8% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.09m | €0.3m | €0.4m | ▲ 60.7% |
| Assets under construction and advance payments27 | - | - | - | - | €0.003m | €0 | - | - | - |
| Financial fixed assets28 | €0.09m | €0.1m | €135 | €135 | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Current assets29/58 | €0.1m | €0.3m | €0.9m | €1.1m | €0.8m | €0.9m | €0.7m | €0.7m | ▲ 9.1% |
| Stocks and contracts in progress3 | - | €0.1m | €0.08m | €0.1m | €0.2m | €0.1m | €0.08m | €0.2m | ▲ 129% |
| Stocks30/36 | - | - | €0.07m | €0.05m | €0.2m | €0.1m | €0.07m | €0.2m | ▲ 119% |
| Contracts in progress37 | - | - | €0.008m | €0.04m | €0.05m | €0.03m | €0.01m | €0.03m | ▲ 201% |
| Amounts receivable within one year40/41 | €0.09m | €0.08m | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | €0.3m | ▼ 17.8% |
| Trade receivables40 | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.1m | €0.3m | ▲ 158% |
| Other amounts receivable41 | - | - | €0.006m | €0.03m | €0.07m | €0.3m | €0.3m | €0.05m | ▼ 81.7% |
| Cash at bank and in hand54/58 | €0.02m | €0.08m | €0.5m | €0.6m | €0.2m | €0.3m | €0.1m | €0.1m | ▲ 15.3% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | ▲ 8.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.5m | €1.1m | €1.3m | €1.4m | €1.6m | €1.5m | €1.7m | ▲ 16.8% |
| Equity10/15 | €0.2m | €0.2m | €0.7m | €0.9m | €0.9m | €1.1m | €1.0m | €1.1m | ▲ 11.4% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.03m | €0.05m | €0.6m | €0.8m | €0.8m | €1.0m | €1.0m | €1.1m | ▲ 12.0% |
| Distributable reserves133 | - | - | €0.6m | €0.8m | €0.8m | €1.0m | €1.0m | €1.1m | ▲ 12.0% |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.1m | €0.1m | €0.06m | €0.06m | €0.03m | €0.03m | = |
| Amounts payable17/49 | €0.06m | €0.3m | €0.3m | €0.3m | €0.5m | €0.6m | €0.4m | €0.6m | ▲ 29.3% |
| Amounts payable after more than one year17 | - | €0.07m | €0.1m | €0.05m | €0.03m | €0.3m | €0.3m | €0.3m | ▲ 9.4% |
| Financial debts170/4 | - | - | €0.1m | €0.05m | €0.03m | €0.3m | €0.3m | €0.3m | ▲ 9.4% |
| Amounts payable within one year42/48 | €0.05m | €0.2m | €0.3m | €0.3m | €0.5m | €0.3m | €0.2m | €0.3m | ▲ 61.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.05m | €0.04m | €0.03m | €0.04m | €0.02m | €0.03m | ▲ 35.8% |
| Financial debts43 | - | - | - | - | €0.1m | €0 | - | - | - |
| Other loans439 | - | - | - | - | €0.1m | €0 | - | - | - |
| Trade debts44 | €0.04m | €0.06m | €0.05m | €0.06m | €0.07m | €0.1m | €0.01m | €0.03m | ▲ 154% |
| Suppliers440/4 | - | - | €0.05m | €0.06m | €0.07m | €0.1m | €0.01m | €0.03m | ▲ 154% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.01m | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.1m | €0.04m | €0.08m | €0.06m | €0.07m | ▲ 19.6% |
| Taxes450/3 | - | - | €0.07m | €0.06m | €363 | €0.03m | €0.01m | €0.03m | ▲ 172% |
| Remuneration and social security454/9 | - | - | €0.03m | €0.04m | €0.04m | €0.05m | €0.04m | €0.04m | ▼ 15.0% |
| Other amounts payable47/48 | - | - | €0.05m | €0.08m | €0.2m | - | €0.08m | €0.1m | ▲ 84.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €169 | €0 | €0.001m | €0.003m | ▲ 376% |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,513 | €17,631 | €506,215 | €198,044 | -€45,660 | €179,163 | -€32,405 | €116,165 | - |
| + Depreciation and write-downs630 | €13,634 | €15,279 | €44,883 | €60,443 | €54,378 | €60,680 | €79,056 | €80,926 | ▲ 2.4% |
| Operating cash flow (approximation) | €36,147 | €32,910 | €551,098 | €258,488 | €8,718 | €239,843 | €46,651 | €197,091 | ▲ 322% |
| Investment in fixed assets (approximation) | - | -€127,232 | - | -€30,686 | -€461,311 | -€158,618 | -€197,111 | -€265,953 | ▼ 34.9% |
| Change in cash | - | €53,222 | - | €70,449 | -€444,142 | €131,349 | -€162,555 | €18,825 | - |
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 AUGUSTUS 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 AUGUSTUS itself: 0.2% 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 AUGUSTUS. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00373548 | |
| 31-12-2024 | abbreviated format | 13-08-2025 | 2025-00375386 | |
| 31-12-2023 | abbreviated format | 31-08-2024 | 2024-00449836 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00407819 | |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20122875 | |
| 31-12-2020 | abbreviated format | 02-11-2021 | 2021-76100098 | |
| 30-09-2020 | abbreviated format | 31-05-2021 | 2021-16100252 | |
| 30-09-2019 | abbreviated format | 29-04-2020 | 2020-10400227 | |
| 30-09-2018 | abbreviated format | 19-03-2019 | 2019-07400226 | |
| 30-09-2017 | abbreviated format | 22-03-2018 | 2018-07700487 |