CIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-03-2026 PDF all 23 filings
Turnover
≈ €130,000
Estimated: probably between €98,000 and €160,000
Total assets
€2.1m▼ 5.7%
2024 · €2.3m
Net result
€9,987
2024 · -€4,032
Working capital
€66,130▼ 71.6%
2024 · €233,020
In the rankings
#6 company by total assets in Bertem, Professional and technical services sector#6 company by equity in Bertem, Professional and technical services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€11,310
2025
20192025
Net result
€9,987
2025
middle half of the sector
20192025
Equity
€2.0m
▼ 7.7%
2025
highest quarter of the sector
20192025
Total assets
€2.1m
▼ 5.7%
2025
highest quarter of the sector
20192025
Debt
€105,511
▲ 59.8%
2025
20192025
Working capital
€66,130
▼ 71.6%
2025
middle half of the sector
20192025
Solvency
95.0%
▼ 2.0pp
2025
highest quarter of the sector
20192025
Current ratio
1.63
▼ 3.30
2025
middle half of the sector
20192025
Return on assets (ROA)
0.5%
▲ 0.6pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.3m-€0.2m▼ 40.6%€0.2m▼ 0.8%€0.1m▼ 32.6%€0.3m▲ 156%-€0.01m€0.01m
Net result€0.2m-€0.1mabove the sector's middle half▼ 39.3%€0.1mabove the sector's middle half▼ 3.0%€0.08mabove the sector's middle half▼ 26.6%€0.2mabove the sector's middle half▲ 156%-€0.004mbelow the sector's middle half€0.01mwithin the sector's middle half
Equity€0.7m-€0.9mabove the sector's middle half▲ 14.7%€0.8mabove the sector's middle half▼ 0.9%€0.8mabove the sector's middle half▼ 8.8%€2.2mabove the sector's middle half▲ 185%€2.2mabove the sector's middle half▼ 0.2%€2.0mabove the sector's middle half▼ 7.7%
Total assets€1.0m-€0.9mabove the sector's middle half▼ 2.4%€0.9mabove the sector's middle half▼ 5.4%€0.8mabove the sector's middle half▼ 12.7%€2.4mabove the sector's middle half▲ 205%€2.3mabove the sector's middle half▼ 4.8%€2.1mabove the sector's middle half▼ 5.7%
Debt€0.2m-€0.09m▼ 59.9%€0.05m▼ 49.1%€0.006m▼ 86.2%€0.2m▲ 28×€0.07m▼ 62.3%€0.1m▲ 59.8%
Working capital€293-€0.1mwithin the sector's middle half▲ 401×€0.2mabove the sector's middle half▲ 33.0%€0.1mwithin the sector's middle half▼ 35.9%€0.2mabove the sector's middle half▲ 123%€0.2mabove the sector's middle half▲ 4.2%€0.07mwithin the sector's middle half▼ 71.6%
Solvency77.1%-90.6%above the sector's middle half▲ 13.5pp94.9%above the sector's middle half▲ 4.3pp99.2%above the sector's middle half▲ 4.3pp92.6%above the sector's middle half▼ 6.6pp97.1%above the sector's middle half▲ 4.5pp95.0%above the sector's middle half▼ 2.0pp
Current ratio1.00-2.39within the sector's middle half▲ 1.395.04above the sector's middle half▲ 2.6525.64above the sector's middle half▲ 20.602.29within the sector's middle half▼ 23.354.93above the sector's middle half▲ 2.631.63within the sector's middle half▼ 3.30
Return on assets (ROA)18.7%-11.6%within the sector's middle half▼ 7.1pp11.9%within the sector's middle half▲ 0.3pp10.0%within the sector's middle half▼ 1.9pp8.4%within the sector's middle half▼ 1.6pp-0.2%below the sector's middle half▼ 8.6pp0.5%below the sector's middle half▲ 0.6pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 €11,310, after a loss of €10,480 in 2024.
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 €2.1m
Fixed assets
€2.0m ▼ 0.4%
Current assets
€171,641 ▼ 41.3%
Equity and liabilities €2.1m
Equity
€2.0m ▼ 7.7%
Debt
€105,511 ▲ 59.8%
Debt's share of the balance-sheet total rises from 2.9% to 5.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,892▲
2024 · -€1,581
Cash flow
€18,569▲
2024 · €4,866
Debt to equity
0.05▲
2024 · 0.03
ROE
0.5%▲
2024 · -0.2%
Interest coverage
15.45▲
2024 · -12.54
Debt ≤ 1 year
€105,511▲
2024 · €59,342
Income taxes
€3,353
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 | €4,842 | - | - | - | - |
| Depreciation and write-downs of the year | €48,769 | €22,846 | €9,775 | €8,899 | €8,582 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,299 | €56,064 | €48,769 | €22,846 | €9,775 | €8,899 | €8,582 | ▼ 3.6% |
| Other operating charges640/8 | - | - | €33,153 | €41,521 | €25,385 | €74,046 | €43,241 | ▼ 41.6% |
| Gross operating margin9900 | €356,716 | €249,105 | €240,549 | €171,248 | €309,234 | €72,464 | €63,133 | ▼ 12.9% |
| Operating profit (loss)9901 | €269,178 | €159,836 | €158,627 | €106,881 | €274,074 | -€10,480 | €11,310 | - |
| Financial income75/76B | - | - | - | - | €1,287 | €6,574 | €3,318 | ▼ 49.5% |
| Recurring financial income75 | €0 | - | - | - | €1,287 | €6,574 | €3,318 | ▼ 49.5% |
| Financial charges65/66B | - | - | €2,646 | €1,529 | €106 | €126 | €1,287 | ▲ 921% |
| Recurring financial charges65 | €5,417 | €5,020 | €2,646 | €1,529 | €106 | €126 | €1,287 | ▲ 921% |
| Profit (loss) for the period before taxes9903 | €263,761 | €154,816 | €155,981 | €105,351 | €275,255 | -€4,032 | €13,340 | - |
| Income taxes67/77 | €83,347 | €45,264 | €49,740 | €27,357 | €75,939 | - | €3,353 | - |
| Profit (loss) for the period9904 | €180,414 | €109,553 | €106,242 | €77,995 | €199,316 | -€4,032 | €9,987 | - |
| Profit (loss) for the period to be appropriated9905 | €180,414 | €109,553 | €106,242 | €77,995 | €199,316 | -€4,032 | €9,987 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €0.9m | €0.9m | €0.8m | €2.4m | €2.3m | €2.1m | ▼ 5.7% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.7m | €0.7m | €2.0m | €2.0m | €2.0m | ▼ 0.4% |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.7m | €0.7m | €2.0m | €2.0m | €2.0m | ▼ 0.4% |
| Land and buildings22 | - | - | €0.7m | €0.7m | €2.0m | €2.0m | €2.0m | ▼ 0.4% |
| Plant, machinery and equipment23 | - | - | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 52.1% |
| Furniture and vehicles24 | - | - | €0.005m | €0.004m | €0.002m | €0.001m | €191 | ▼ 76.2% |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.1m | €0.4m | €0.3m | €0.2m | ▼ 41.3% |
| Amounts receivable within one year40/41 | €0.04m | €0.01m | €0.002m | €0.005m | - | €494 | €0.002m | ▲ 277% |
| Trade receivables40 | - | - | - | €0.003m | - | - | - | - |
| Other amounts receivable41 | - | - | €0.002m | €0.002m | - | €494 | €0.002m | ▲ 277% |
| Current investments50/53 | - | - | - | - | €0.3m | €0.2m | €0.2m | ▲ 10.0% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.004m | €0.005m | ▲ 4.9% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €238 | €0.001m | €0.1m | €277 | ▼ 99.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €0.9m | €0.8m | €2.4m | €2.3m | €2.1m | ▼ 5.7% |
| Equity10/15 | €0.7m | €0.9m | €0.8m | €0.8m | €2.2m | €2.2m | €2.0m | ▼ 7.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Revaluation surpluses12 | - | - | - | - | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €0.7m | €0.8m | €0.8m | €0.6m | €0.5m | €0.5m | €0.3m | ▼ 36.7% |
| Non-distributable reserves130/1 | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | €0.7m | €0.6m | €0.4m | €0.4m | €0.3m | ▼ 40.0% |
| Profit (loss) carried forward14 | - | - | - | €0.08m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable17/49 | €0.2m | €0.09m | €0.05m | €0.006m | €0.2m | €0.07m | €0.1m | ▲ 59.8% |
| Amounts payable after more than one year17 | €0.04m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.08m | €0.04m | €0.004m | €0.2m | €0.06m | €0.1m | ▲ 77.8% |
| Trade debts44 | €0.02m | €0.02m | €0.03m | €0.004m | €0.007m | €0.05m | €0.07m | ▲ 23.6% |
| Suppliers440/4 | - | - | €0.03m | €0.004m | €0.007m | €0.05m | €0.07m | ▲ 23.6% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €357 | €0.009m | - | - | - |
| Taxes450/3 | - | - | €0.01m | €357 | €0.009m | - | - | - |
| Other amounts payable47/48 | - | - | €0.002m | €44 | €0.2m | €0.006m | €0.04m | ▲ 533% |
| Accrued charges and deferred income492/3 | - | - | €0.006m | €0.002m | €0.002m | €0.007m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.1m | €0.08m | €0.2m | -€0.004m | €0.01m | - |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.05m | €0.02m | €0.01m | €0.009m | €0.009m | ▼ 3.6% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.005m | €0.02m | ▲ 282% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.005m | €0 | -€1.3m | €0 | €0 | - |
| Change in cash | - | €0.04m | €0.003m | -€0.08m | €0.05m | -€0.1m | €211 | - |
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 CIMMO 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
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CIMMO 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 CIMMO. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-03-2026 | 2026-00051752 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00346840 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00319642 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00482923 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20153423 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44400004 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66700286 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37200035 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54300024 | |
| 31-12-2015 | abbreviated format | 30-07-2016 | 2016-39300364 |