AUROM
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00499575.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 12 filings
Turnover
€18,673
EBIT margin
54.4%
Net result
-€7,633
2024 · €61,376
Working capital
€3,808▼ 33.1%
2024 · €5,690
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€6,991
2025
20182025
Net result
-€7,633
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€3,807
▼ 66.7%
2025
lowest quarter of the sector
20182025
Total assets
€36,709
▲ 22.7%
2025
lowest quarter of the sector
20182025
Debt
€32,902
▲ 78.0%
2025
20182025
Working capital
€3,808
▼ 33.1%
2025
middle half of the sector
20182025
Solvency
10.4%
▼ 27.9pp
2025
middle half of the sector
20182025
Current ratio
1.12
▼ 0.19
2025
middle half of the sector
20182025
Return on assets (ROA)
-20.8%
▼ 225.9pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€18,673-
Operating result€10,160-€8,615▼ 15.2%€20,142▲ 134%€31,200▲ 54.9%€41,665▲ 33.5%€36,587▼ 12.2%€64,511▲ 76.3%-€6,991
Net result€10,031-€8,472▼ 15.5%€20,034above the sector's middle half▲ 136%€31,012within the sector's middle half▲ 54.8%€41,484within the sector's middle half▲ 33.8%€36,464within the sector's middle half▼ 12.1%€61,376within the sector's middle half▲ 68.3%-€7,633within the sector's middle half
EBIT margin54.4%-
Equity-€187,401--€178,929▲ 4.5%-€158,895below the sector's middle half▲ 11.2%-€127,883below the sector's middle half▲ 19.5%-€86,399below the sector's middle half▲ 32.4%-€49,936below the sector's middle half▲ 42.2%€11,440within the sector's middle half€3,807below the sector's middle half▼ 66.7%
Total assets€17,069-€3,045▼ 82.2%€12,037below the sector's middle half▲ 295%€1,778below the sector's middle half▼ 85.2%€5,777below the sector's middle half▲ 225%€4,820below the sector's middle half▼ 16.6%€29,923below the sector's middle half▲ 521%€36,709below the sector's middle half▲ 22.7%
Debt€204,470-€181,974▼ 11.0%€170,932▼ 6.1%€129,661▼ 24.1%€92,176▼ 28.9%€54,756▼ 40.6%€18,483▼ 66.2%€32,902▲ 78.0%
Working capital-€187,591--€178,929▲ 4.6%-€158,895below the sector's middle half▲ 11.2%-€127,883below the sector's middle half▲ 19.5%-€86,399below the sector's middle half▲ 32.4%-€49,936within the sector's middle half▲ 42.2%€5,690within the sector's middle half€3,808within the sector's middle half▼ 33.1%
Solvency38.2%within the sector's middle half10.4%within the sector's middle half▼ 27.9pp
Current ratio0.08-0.07below the sector's middle half0.06below the sector's middle half1.31within the sector's middle half1.12within the sector's middle half▼ 0.19
Return on assets (ROA)58.8%-166.4%above the sector's middle half718.1%above the sector's middle half205.1%above the sector's middle half-20.8%below the sector's middle half▼ 225.9pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 €6,991, after a profit of €64,511 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €36,709
Equity
€3,807 ▼ 66.7%
Debt
€32,902 ▲ 78.0%
Debt's share of the balance-sheet total rises from 61.8% to 89.6%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
8.64▲
2024 · 1.62
ROE
-200.5%▼
2024 · 536.5%
Debt ≤ 1 year
€32,901▲
2024 · €18,483
Income taxes
€467▼
2024 · €3,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €11,500 | - |
| Depreciation and write-downs of the year | - | - | - | €5,750 | - |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €18,673 | - | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €420 | - | - | - | - | - | €5,750 | - | - |
| Other operating charges640/8 | - | - | - | €348 | €355 | €384 | €2,742 | €6,826 | ▲ 149% |
| Gross operating margin9900 | €10,928 | €11,396 | €20,490 | €31,548 | €42,020 | €36,972 | €73,003 | -€165 | - |
| Operating profit (loss)9901 | €10,160 | €8,615 | €20,142 | €31,200 | €41,665 | €36,587 | €64,511 | -€6,991 | - |
| Financial charges65/66B | - | - | - | €188 | €181 | €124 | €135 | €175 | ▲ 29.6% |
| Recurring financial charges65 | €129 | €143 | €108 | €188 | €181 | €124 | €135 | €175 | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | €10,031 | €8,472 | €20,034 | €31,012 | €41,484 | €36,464 | €64,376 | -€7,166 | - |
| Income taxes67/77 | - | - | - | - | - | - | €3,000 | €467 | ▼ 84.4% |
| Profit (loss) for the period9904 | €10,031 | €8,472 | €20,034 | €31,012 | €41,484 | €36,464 | €61,376 | -€7,633 | - |
| Profit (loss) for the period to be appropriated9905 | €10,031 | €8,472 | €20,034 | €31,012 | €41,484 | €36,464 | €61,376 | -€7,633 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €17,069 | €3,045 | €12,037 | €1,778 | €5,777 | €4,820 | €29,923 | €36,709 | ▲ 22.7% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €189 | - | - | - | - | - | €5,750 | - | - |
| Tangible fixed assets22/27 | €189 | - | - | - | - | - | €5,750 | - | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €5,750 | - | - |
| Current assets29/58 | €16,880 | €3,045 | €12,037 | €1,778 | €5,777 | €4,820 | €24,173 | €36,709 | ▲ 51.9% |
| Amounts receivable within one year40/41 | €1,984 | €3,025 | - | - | €3,925 | €4,347 | €19,627 | €30,185 | ▲ 53.8% |
| Trade receivables40 | - | - | - | - | €3,925 | €4,347 | €10,842 | €8,134 | ▼ 25.0% |
| Other amounts receivable41 | - | - | - | - | - | - | €8,785 | €22,051 | ▲ 151% |
| Cash at bank and in hand54/58 | €14,895 | €20 | €12,037 | €1,778 | €1,852 | €473 | €3,805 | €6,524 | ▲ 71.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €741 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €17,069 | €3,045 | €12,037 | €1,778 | €5,777 | €4,820 | €29,923 | €36,709 | ▲ 22.7% |
| Equity10/15 | -€187,401 | -€178,929 | -€158,895 | -€127,883 | -€86,399 | -€49,936 | €11,440 | €3,807 | ▼ 66.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€206,001 | -€197,529 | -€177,495 | -€146,483 | -€104,999 | -€68,536 | -€7,160 | -€14,793 | ▼ 107% |
| Amounts payable17/49 | €204,470 | €181,974 | €170,932 | €129,661 | €92,176 | €54,756 | €18,483 | €32,902 | ▲ 78.0% |
| Amounts payable within one year42/48 | €204,470 | €181,974 | €170,932 | €129,661 | €92,176 | €54,756 | €18,483 | €32,901 | ▲ 78.0% |
| Trade debts44 | €303 | - | €2,868 | €793 | - | - | €15,218 | €32,901 | ▲ 116% |
| Suppliers440/4 | - | - | - | €793 | - | - | €15,218 | €32,901 | ▲ 116% |
| Taxes, remuneration and social security45 | - | - | - | €6,154 | €862 | €941 | €3,265 | - | - |
| Taxes450/3 | - | - | - | €6,154 | €862 | €941 | €3,265 | - | - |
| Other amounts payable47/48 | - | - | - | €122,714 | €91,314 | €53,815 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €1 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,031 | €8,472 | €20,034 | €31,012 | €41,484 | €36,464 | €61,376 | -€7,633 | - |
| + Depreciation and write-downs630 | €420 | - | - | - | - | - | €5,750 | - | - |
| Operating cash flow (approximation) | €10,451 | €8,472 | €20,034 | €31,012 | €41,484 | €36,464 | €67,126 | -€7,633 | - |
| Change in cash | - | -€14,875 | €12,017 | -€10,259 | €74 | -€1,379 | €3,332 | €2,719 | ▼ 18.4% |
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, 1,294 companies had the same profile as AUROM has now. Two years later, 89.6% were still going and 4.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
89.6%
was still going
5.9%
stopped otherwise
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AUROM itself: 1.4% 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 1,294 companies, not a prediction for AUROM. 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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-08-2026 | 2026-00499575 | |
| 31-12-2024 | full format | 12-08-2025 | 2025-00374809 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00432482 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00437295 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20425550 | |
| 31-12-2020 | full format | 21-10-2021 | 2021-72500181 | |
| 31-12-2019 | full format | 15-11-2020 | 2020-70600145 | |
| 31-12-2018 | micro format | 15-08-2019 | 2019-47600270 | |
| 31-12-2017 | micro format | 11-08-2018 | 2018-45400397 | |
| 31-12-2016 | micro format | 14-08-2017 | 2017-43400519 |