COLIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 8 filings
Equity
€96,143▼ 23.3%
2024 · €125,302
Total assets
€432,003▼ 31.7%
2024 · €632,205
Net result
-€29,159
2024 · €30,697
Working capital
€353,186▼ 5.9%
2024 · €375,345
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€28,715
2025
20182025
Net result
-€29,159
2025
lowest quarter of the sector
20182025
Equity
€96,143
▼ 23.3%
2025
middle half of the sector
20182025
Total assets
€432,003
▼ 31.7%
2025
middle half of the sector
20182025
Debt
€335,860
▼ 33.7%
2025
20182025
Working capital
€353,186
▼ 5.9%
2025
highest quarter of the sector
20182025
Solvency
22.3%
▲ 2.4pp
2025
middle half of the sector
20182025
Current ratio
5.48
▲ 3.02
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-6.7%
▼ 11.6pp
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
Operating result-€3,400--€2,647▲ 22.1%€95,586€31,515▼ 67.0%€4,457▼ 85.9%-€4,050€60,052-€28,715
Net result-€3,441--€3,212▲ 6.7%€74,683above the sector's middle half€22,932within the sector's middle half▼ 69.3%-€389within the sector's middle half-€20,967below the sector's middle half▼ 5,290%€30,697above the sector's middle half-€29,159below the sector's middle half
Equity€21,559-€18,346▼ 14.9%€93,029within the sector's middle half▲ 407%€115,961within the sector's middle half▲ 24.7%€115,572within the sector's middle half▼ 0.3%€94,605within the sector's middle half▼ 18.1%€125,302within the sector's middle half▲ 32.4%€96,143within the sector's middle half▼ 23.3%
Total assets€519,284-€524,666▲ 1.0%€393,822within the sector's middle half▼ 24.9%€503,560within the sector's middle half▲ 27.9%€510,741within the sector's middle half▲ 1.4%€921,105within the sector's middle half▲ 80.3%€632,205within the sector's middle half▼ 31.4%€432,003within the sector's middle half▼ 31.7%
Debt€497,725-€506,320▲ 1.7%€300,793▼ 40.6%€387,598▲ 28.9%€395,169▲ 2.0%€826,499▲ 109%€506,903▼ 38.7%€335,860▼ 33.7%
Working capital€228,324-€232,460▲ 1.8%€314,491above the sector's middle half▲ 35.3%€344,772above the sector's middle half▲ 9.6%€352,255above the sector's middle half▲ 2.2%€337,648above the sector's middle half▼ 4.1%€375,345above the sector's middle half▲ 11.2%€353,186above the sector's middle half▼ 5.9%
Solvency4.2%-3.5%▼ 0.7pp23.6%within the sector's middle half▲ 20.1pp23.0%within the sector's middle half▼ 0.6pp22.6%within the sector's middle half▼ 0.4pp10.3%within the sector's middle half▼ 12.4pp19.8%within the sector's middle half▲ 9.5pp22.3%within the sector's middle half▲ 2.4pp
Current ratio1.79-1.80▲ 0.014.99above the sector's middle half▲ 3.203.17above the sector's middle half▼ 1.823.22above the sector's middle half▲ 0.051.58within the sector's middle half▼ 1.642.46within the sector's middle half▲ 0.885.48above the sector's middle half▲ 3.02
Return on assets (ROA)-0.7%--0.6%▲ 0.1pp19.0%above the sector's middle half▲ 19.6pp4.6%within the sector's middle half▼ 14.4pp-0.1%within the sector's middle half▼ 4.6pp-2.3%within the sector's middle half▼ 2.2pp4.9%within the sector's middle half▲ 7.1pp-6.7%below the sector's middle half▼ 11.6pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 €28,715, after a profit of €60,052 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €432,003
Equity
€96,143 ▼ 23.3%
Debt
€335,860 ▼ 33.7%
Debt's share of the balance-sheet total falls from 80.2% to 77.7%. Equity and debt are lower.
Key figures and ratios
Quick ratio
3.17▲
2024 · 0.02
Debt to equity
3.49▼
2024 · 4.05
ROE
-30.3%▼
2024 · 24.5%
Debt ≤ 1 year
€78,817▼
2024 · €256,860
Debt > 1 year
€200,000=
2024 · €200,000
Income taxes
€535▼
2024 · €7,768
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | - |
| Mortgage mandates | €325,000 | €325,000 | €325,000 | €325,000 | - |
| Carrying value of the mortgaged assets | €300,181 | €311,374 | €370,781 | €251,854 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €465 | €348 | €348 | €348 | €232 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €396 | €1,833 | €433 | €439 | €1,025 | ▲ 133% |
| Gross operating margin9900 | -€2,229 | -€1,904 | €96,331 | €32,260 | €6,522 | -€3,617 | €60,491 | -€27,690 | - |
| Operating profit (loss)9901 | -€3,400 | -€2,647 | €95,586 | €31,515 | €4,457 | -€4,050 | €60,052 | -€28,715 | - |
| Financial income75/76B | - | - | - | - | - | - | €390 | €1,785 | ▲ 358% |
| Recurring financial income75 | - | - | - | - | - | - | €390 | €1,785 | ▲ 358% |
| Financial charges65/66B | - | - | - | €2,308 | €4,846 | €16,917 | €21,977 | €1,693 | ▼ 92.3% |
| Recurring financial charges65 | €41 | €565 | €3,943 | €2,308 | €4,846 | €16,917 | €21,977 | €1,693 | ▼ 92.3% |
| Profit (loss) for the period before taxes9903 | -€3,441 | -€3,212 | €91,643 | €29,207 | -€389 | -€20,967 | €38,465 | -€28,624 | - |
| Income taxes67/77 | - | - | €16,960 | €6,275 | €0 | - | €7,768 | €535 | ▼ 93.1% |
| Profit (loss) for the period9904 | -€3,441 | -€3,212 | €74,683 | €22,932 | -€389 | -€20,967 | €30,697 | -€29,159 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,441 | -€3,212 | €74,683 | €22,932 | -€389 | -€20,967 | €30,697 | -€29,159 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €519,284 | €524,666 | €393,822 | €503,560 | €510,741 | €921,105 | €632,205 | €432,003 | ▼ 31.7% |
| Formation expenses20 | €1,278 | €929 | €581 | €232 | €0 | - | - | - | - |
| Current assets29/58 | €518,006 | €523,737 | €393,242 | €503,327 | €510,741 | €921,105 | €632,205 | €432,003 | ▼ 31.7% |
| Stocks and contracts in progress3 | €511,836 | €521,624 | €393,242 | €366,986 | €510,234 | €921,100 | €627,401 | €181,934 | ▼ 71.0% |
| Stocks30/36 | - | - | - | €366,986 | €510,234 | €921,100 | €627,401 | €181,934 | ▼ 71.0% |
| Amounts receivable within one year40/41 | €6,170 | €2,113 | - | €136,341 | €507 | €5 | €989 | €2,179 | ▲ 120% |
| Trade receivables40 | - | - | - | €135,574 | €0 | - | - | €491 | - |
| Other amounts receivable41 | - | - | - | €767 | €507 | €5 | €989 | €1,688 | ▲ 70.7% |
| Cash at bank and in hand54/58 | - | - | - | - | - | - | €3,816 | €247,890 | ▲ 65× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €519,284 | €524,666 | €393,822 | €503,560 | €510,741 | €921,105 | €632,205 | €432,003 | ▼ 31.7% |
| Equity10/15 | €21,559 | €18,346 | €93,029 | €115,961 | €115,572 | €94,605 | €125,302 | €96,143 | ▼ 23.3% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | - | €67,000 | €90,000 | €90,000 | €69,000 | €100,000 | €71,000 | ▼ 29.0% |
| Distributable reserves133 | - | - | - | €90,000 | €90,000 | €69,000 | €100,000 | €71,000 | ▼ 29.0% |
| Profit (loss) carried forward14 | -€3,441 | -€6,654 | €1,029 | €961 | €572 | €605 | €302 | €143 | ▼ 52.7% |
| Amounts payable17/49 | €497,725 | €506,320 | €300,793 | €387,598 | €395,169 | €826,499 | €506,903 | €335,860 | ▼ 33.7% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Financial debts170/4 | - | - | - | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Amounts payable within one year42/48 | €289,682 | €291,277 | €78,751 | €158,556 | €158,486 | €583,457 | €256,860 | €78,817 | ▼ 69.3% |
| Financial debts43 | - | - | - | €135,162 | €81,291 | €477,336 | €155,033 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €135,162 | €81,291 | €477,336 | €155,033 | €0 | ▼ 100% |
| Trade debts44 | €4,874 | €497 | €414 | €0 | €491 | €15,962 | €747 | €785 | ▲ 5.1% |
| Suppliers440/4 | - | - | - | €0 | €491 | €15,962 | €747 | €785 | ▲ 5.1% |
| Taxes, remuneration and social security45 | - | - | - | €23,235 | €6,545 | €0 | €7,922 | €7,768 | ▼ 1.9% |
| Taxes450/3 | - | - | - | €23,235 | €6,545 | €0 | €7,922 | €7,768 | ▼ 1.9% |
| Other amounts payable47/48 | - | - | - | €158 | €70,158 | €90,158 | €93,158 | €70,264 | ▼ 24.6% |
| Accrued charges and deferred income492/3 | - | - | - | €29,043 | €36,683 | €43,043 | €50,043 | €57,043 | ▲ 14.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,441 | -€3,212 | €74,683 | €22,932 | -€389 | -€20,967 | €30,697 | -€29,159 | - |
| + Depreciation and write-downs630 | €465 | €348 | €348 | €348 | €232 | €0 | - | - | - |
| Operating cash flow (approximation) | -€2,977 | -€2,864 | €75,031 | €23,280 | -€157 | -€20,967 | €30,697 | -€29,159 | - |
| Change in cash | - | - | - | - | - | - | - | €244,075 | - |
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, 1,548 companies had the same profile as COLIMMO has now. Two years later, 91.3% were still going and 4.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
91.3%
was still going
3.9%
stopped otherwise
4.3%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COLIMMO itself is lower: 0.1% within 12 months. It rests on far more data about COLIMMO than the profile alone.
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 1,548 companies, not a prediction for COLIMMO. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00310568 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00456531 | |
| 31-12-2023 | micro format | 13-07-2024 | 2024-00258136 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00150202 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20092317 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-27100024 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19800055 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-41800367 |