€CO-IMO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 28-04-2026 PDF all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 31% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 |
| Carrying value of the mortgaged assets | €239,772 | €224,917 | €211,289 | €203,796 | €196,304 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Companies with the same profile, two years later
Historical observationIn July 2024, 3,274 companies had the same profile as €CO-IMO has now. Two years later, 2.5% had gone bankrupt and 94.7% were still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of €CO-IMO itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 3,274 companies, not a prediction for €CO-IMO. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,449 | €14,855 | €14,855 | €14,855 | €13,628 | €7,493 | €7,493 | = |
| Other operating charges640/8 | - | - | €3,077 | €3,139 | €3,373 | €3,536 | €3,657 | ▲ 3.4% |
| Gross operating margin9900 | €14,288 | €5,691 | €13,244 | €16,242 | €16,174 | €14,789 | €16,064 | ▲ 8.6% |
| Operating profit (loss)9901 | -€11,754 | -€12,186 | -€4,688 | -€1,753 | -€827 | €3,761 | €4,915 | ▲ 30.7% |
| Financial charges65/66B | - | - | €4,533 | €4,056 | €3,806 | €3,566 | €3,332 | ▼ 6.5% |
| Recurring financial charges65 | €4,455 | €3,916 | €4,533 | €4,056 | €3,806 | €3,566 | €3,332 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | -€16,209 | -€16,102 | -€9,221 | -€5,809 | -€4,633 | €195 | €1,583 | ▲ 710% |
| Profit (loss) for the period9904 | -€16,209 | -€16,102 | -€9,221 | -€5,809 | -€4,633 | €195 | €1,583 | ▲ 710% |
| Profit (loss) for the period to be appropriated9905 | -€16,209 | -€16,102 | -€9,221 | -€5,809 | -€4,633 | €195 | €1,583 | ▲ 710% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €279,148 | €259,560 | €244,063 | €229,103 | €215,670 | €206,834 | €201,023 | ▼ 2.8% |
| Fixed assets21/28 | €269,483 | €254,628 | €239,772 | €224,917 | €211,289 | €203,796 | €196,304 | ▼ 3.7% |
| Tangible fixed assets22/27 | €269,483 | €254,628 | €239,772 | €224,917 | €211,289 | €203,796 | €196,304 | ▼ 3.7% |
| Land and buildings22 | - | - | €239,772 | €224,917 | €211,289 | €203,796 | €196,304 | ▼ 3.7% |
| Current assets29/58 | €9,665 | €4,932 | €4,291 | €4,186 | €4,381 | €3,038 | €4,719 | ▲ 55.3% |
| Amounts receivable within one year40/41 | - | - | - | €574 | €121 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €574 | €121 | €0 | - | - |
| Cash at bank and in hand54/58 | €7,416 | €4,175 | €3,582 | €2,887 | €3,469 | €2,255 | €3,913 | ▲ 73.5% |
| Deferred charges and accrued income490/1 | - | - | €709 | €726 | €792 | €782 | €806 | ▲ 3.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €279,148 | €259,560 | €244,063 | €229,103 | €215,670 | €206,834 | €201,023 | ▼ 2.8% |
| Equity10/15 | €71,291 | €55,189 | €45,968 | €40,159 | €35,526 | €35,722 | €37,305 | ▲ 4.4% |
| Contributions10/11 | €87,500 | - | €87,500 | €87,500 | €87,500 | €87,500 | €87,500 | = |
| Profit (loss) carried forward14 | -€16,209 | -€32,311 | -€41,532 | -€47,341 | -€51,974 | -€51,778 | -€50,195 | ▲ 3.1% |
| Amounts payable17/49 | €207,857 | €204,371 | €198,095 | €188,944 | €180,144 | €171,112 | €163,718 | ▼ 4.3% |
| Amounts payable after more than one year17 | €184,382 | €180,199 | €173,088 | €164,003 | €154,717 | €145,227 | €135,528 | ▼ 6.7% |
| Financial debts170/4 | - | - | €173,088 | €164,003 | €154,717 | €145,227 | €135,528 | ▼ 6.7% |
| Amounts payable within one year42/48 | €23,475 | €24,172 | €24,746 | €24,681 | €25,138 | €25,473 | €27,768 | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | €8,890 | €9,085 | €9,286 | €9,490 | €9,699 | ▲ 2.2% |
| Trade debts44 | €2,746 | €3,352 | €2,975 | €3,096 | €3,353 | €3,120 | €3,218 | ▲ 3.1% |
| Suppliers440/4 | - | - | €2,975 | €3,096 | €3,353 | €3,120 | €3,218 | ▲ 3.1% |
| Other amounts payable47/48 | - | - | €12,881 | €12,500 | €12,500 | €12,863 | €14,851 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | - | - | €261 | €261 | €288 | €412 | €421 | ▲ 2.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,209 | -€16,102 | -€9,221 | -€5,809 | -€4,633 | €195 | €1,583 | ▲ 710% |
| + Depreciation and write-downs630 | €23,449 | €14,855 | €14,855 | €14,855 | €13,628 | €7,493 | €7,493 | = |
| Operating cash flow (approximation) | €7,240 | -€1,246 | €5,634 | €9,047 | €8,996 | €7,688 | €9,076 | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,241 | -€593 | -€695 | €582 | -€1,213 | €1,658 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 28-04-2026 | 2026-00090410 | |
| 30-09-2024 | full format | 29-04-2025 | 2025-00079153 | |
| 30-09-2023 | full format | 11-04-2024 | 2024-00061174 | |
| 30-09-2022 | full format | 28-04-2023 | 2023-00070888 | |
| 30-09-2021 | full format | 29-04-2022 | 2022-20013067 | |
| 30-09-2020 | full format | 29-04-2021 | 2021-11600561 | |
| 30-09-2019 | full format | 30-04-2020 | 2020-10400337 |