COLLINDT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00542527.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 19 filings
Turnover
€552,318▼ 5.8%
2021 · €586,480
EBIT margin
-20.2%▼ 30.7pp
2021 · 10.6%
Net result
€19,037
2024 · -€19,853
Working capital
-€56,444▲ 41.7%
2024 · -€96,736
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€21,786
2025
20182025
Net result
€19,037
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
-€42,906
▲ 30.7%
2025
lowest quarter of the sector
20182025
Total assets
€84,491
▼ 18.5%
2025
middle half of the sector
20182025
Debt
€127,397
▼ 23.1%
2025
20182025
Working capital
-€56,444
▲ 41.7%
2025
lowest quarter of the sector
20182025
Solvency
-50.8%
▲ 9.0pp
2025
lowest quarter of the sector
20182025
Current ratio
0.10
▲ 0.08
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
22.5%
▲ 41.7pp
2025
highest quarter of the sector
20182025
Staff (FTE)
0
▼ 100%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€673,744-€649,474▼ 3.6%€498,427▼ 23.3%€586,480▲ 17.7%€552,318▼ 5.8%
Operating result€4,303--€15,151€44,888€62,012▲ 38.1%-€111,379€104,523-€16,646€21,786
Net result-€16,331--€37,460▼ 129%€20,978above the sector's middle half€37,821above the sector's middle half▲ 80.3%-€128,087below the sector's middle half€92,627above the sector's middle half-€19,853below the sector's middle half€19,037within the sector's middle half
EBIT margin0.6%--2.3%▼ 3.0pp9.0%▲ 11.3pp10.6%▲ 1.6pp-20.2%▼ 30.7pp
Equity-€27,969--€65,429▼ 134%-€44,452below the sector's middle half▲ 32.1%-€6,631below the sector's middle half▲ 85.1%-€134,718below the sector's middle half▼ 1,932%-€42,090below the sector's middle half▲ 68.8%-€61,943below the sector's middle half▼ 47.2%-€42,906below the sector's middle half▲ 30.7%
Total assets€480,087-€433,574▼ 9.7%€338,924above the sector's middle half▼ 21.8%€375,735above the sector's middle half▲ 10.9%€306,498above the sector's middle half▼ 18.4%€176,516within the sector's middle half▼ 42.4%€103,626within the sector's middle half▼ 41.3%€84,491within the sector's middle half▼ 18.5%
Debt€508,056-€499,004▼ 1.8%€383,375▼ 23.2%€382,366▼ 0.3%€441,216▲ 15.4%€218,606▼ 50.5%€165,570▼ 24.3%€127,397▼ 23.1%
Working capital-€92,339--€130,595▼ 41.4%-€73,167below the sector's middle half▲ 44.0%-€14,270within the sector's middle half▲ 80.5%-€138,242below the sector's middle half▼ 869%-€87,347below the sector's middle half▲ 36.8%-€96,736below the sector's middle half▼ 10.7%-€56,444below the sector's middle half▲ 41.7%
Solvency-5.8%--15.1%▼ 9.3pp-13.1%below the sector's middle half▲ 2.0pp-1.8%below the sector's middle half▲ 11.4pp-44.0%below the sector's middle half▼ 42.2pp-23.8%below the sector's middle half▲ 20.1pp-59.8%below the sector's middle half▼ 35.9pp-50.8%below the sector's middle half▲ 9.0pp
Current ratio0.32-0.19▼ 0.140.30below the sector's middle half▲ 0.110.87within the sector's middle half▲ 0.570.25below the sector's middle half▼ 0.620.42below the sector's middle half▲ 0.170.02below the sector's middle half▼ 0.400.10below the sector's middle half▲ 0.08
Return on assets (ROA)-3.4%--8.6%▼ 5.2pp6.2%within the sector's middle half▲ 14.8pp10.1%within the sector's middle half▲ 3.9pp-41.8%below the sector's middle half▼ 51.9pp52.5%above the sector's middle half▲ 94.3pp-19.2%below the sector's middle half▼ 71.6pp22.5%above the sector's middle half▲ 41.7pp
Staff (FTE)6.1-6▼ 1.6%4.5above the sector's middle half▼ 25.0%4.8▲ 6.7%5.4▲ 12.5%5.4=1.5▼ 72.2%0▼ 100%
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 profit of €21,786, after a loss of €16,646 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,491
Fixed assets
€78,349 ▼ 22.7%
Current assets
€6,142 ▲ 172%
Equity and liabilities
Equity-€42,906
Debt€127,397
Equity is negative. Debt (€127,397) exceeds the balance-sheet total (€84,491).
Key figures and ratios
EBITDA
€26,909▲
2024 · -€4,502
Cash flow
€24,160▲
2024 · -€7,708
Interest coverage
9.79▲
2024 · -1.40
Debt ≤ 1 year
€62,586▼
2024 · €98,996
Debt > 1 year
€64,811▼
2024 · €66,574
Supplier credit
377 days▲
2024 · 120 days
Staff costs
€3,414▼
2024 · €88,539
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 8 | 7 | 4 | - | - |
| full-time | 4 | 2 | 2 | - | - |
| part-time | 4 | 5 | 2 | - | - |
| in full-time equivalents | 5.9 | 3.5 | 2.4 | - | - |
| Average over the year, in full-time equivalents | 4.8 | 5.4 | 3.1 | 1.5 | 0 |
| On a permanent contract | 5 | 2 | 2 | - | - |
| Joined | 15 | 27 | 31 | 22 | - |
| Left | 14 | 28 | 34 | 13 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,312 | €3,746 | - | - | - |
| Depreciation and write-downs of the year | €26,709 | €26,934 | €13,279 | €12,145 | €5,123 |
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 | €673,744 | €649,474 | €498,427 | €586,480 | €552,318 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €57,715 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €373,325 | €412,518 | €311,144 | €113,264 | €29,433 | ▼ 74.0% |
| Remuneration, social security and pensions62 | - | - | - | €115,901 | €243,368 | €124,960 | €88,539 | €3,414 | ▼ 96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,042 | €35,315 | €32,458 | €26,709 | €26,934 | €13,279 | €12,145 | €5,123 | ▼ 57.8% |
| Other operating charges640/8 | - | - | - | €8,533 | €9,731 | €13,977 | €1,120 | €4,518 | ▲ 303% |
| Gross operating margin9900 | €201,944 | €230,785 | €172,664 | €213,155 | €168,654 | €256,739 | €85,158 | €34,841 | ▼ 59.1% |
| Operating profit (loss)9901 | €4,303 | -€15,151 | €44,888 | €62,012 | -€111,379 | €104,523 | -€16,646 | €21,786 | - |
| Financial income75/76B | - | - | - | €0 | €61 | €25 | €0 | €1 | ▲ 17× |
| Recurring financial income75 | €10 | €12 | €10 | €0 | €61 | €25 | €0 | €1 | ▲ 17× |
| Financial charges65/66B | - | - | - | €23,389 | €15,975 | €10,955 | €3,207 | €2,750 | ▼ 14.3% |
| Recurring financial charges65 | €20,644 | €22,105 | €23,109 | €23,389 | €15,975 | €10,955 | €3,207 | €2,750 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | -€16,331 | -€37,244 | €21,789 | €38,623 | -€127,293 | €93,592 | -€19,853 | €19,037 | - |
| Income taxes67/77 | - | €216 | €812 | €802 | €794 | €965 | - | - | - |
| Profit (loss) for the period9904 | -€16,331 | -€37,460 | €20,978 | €37,821 | -€128,087 | €92,627 | -€19,853 | €19,037 | - |
| Profit (loss) for the period to be appropriated9905 | -€16,331 | -€37,460 | €20,978 | €37,821 | -€128,087 | €92,627 | -€19,853 | €19,037 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €480,087 | €433,574 | €338,924 | €375,735 | €306,498 | €176,516 | €103,626 | €84,491 | ▼ 18.5% |
| Fixed assets21/28 | €435,682 | €403,655 | €307,651 | €284,254 | €261,066 | €113,511 | €101,366 | €78,349 | ▼ 22.7% |
| Tangible fixed assets22/27 | €435,682 | €403,655 | €307,651 | €284,254 | €261,066 | €113,511 | €101,366 | €78,349 | ▼ 22.7% |
| Land and buildings22 | - | - | - | €269,395 | €254,547 | €109,934 | €99,597 | €78,349 | ▼ 21.3% |
| Plant, machinery and equipment23 | - | - | - | €8,721 | €3,965 | €2,571 | €1,506 | - | - |
| Furniture and vehicles24 | - | - | - | €6,138 | €2,554 | €1,006 | €263 | - | - |
| Current assets29/58 | €44,406 | €29,919 | €31,272 | €91,482 | €45,432 | €63,005 | €2,260 | €6,142 | ▲ 172% |
| Stocks and contracts in progress3 | €15,372 | €14,284 | €9,393 | €22,642 | €14,825 | €10,776 | - | - | - |
| Stocks30/36 | - | - | - | €22,642 | €14,825 | €10,776 | - | - | - |
| Amounts receivable within one year40/41 | €14,539 | €10,351 | €9,162 | €40,489 | €16,210 | €8,682 | €2,222 | €3,849 | ▲ 73.3% |
| Other amounts receivable41 | - | - | - | €40,489 | €16,210 | €8,682 | €2,222 | €3,849 | ▲ 73.3% |
| Cash at bank and in hand54/58 | €11,547 | €4,588 | €12,077 | €27,657 | €13,716 | €43,520 | €12 | €2,292 | ▲ 187× |
| Deferred charges and accrued income490/1 | - | - | - | €694 | €682 | €26 | €26 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €480,087 | €433,574 | €338,924 | €375,735 | €306,498 | €176,516 | €103,626 | €84,491 | ▼ 18.5% |
| Equity10/15 | -€27,969 | -€65,429 | -€44,452 | -€6,631 | -€134,718 | -€42,090 | -€61,943 | -€42,906 | ▲ 30.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€51,569 | -€89,029 | -€68,052 | -€30,231 | -€158,318 | -€65,690 | -€85,543 | -€66,506 | ▲ 22.3% |
| Amounts payable17/49 | €508,056 | €499,004 | €383,375 | €382,366 | €441,216 | €218,606 | €165,570 | €127,397 | ▼ 23.1% |
| Amounts payable after more than one year17 | €371,312 | €338,490 | €278,921 | €276,615 | €257,542 | €68,254 | €66,574 | €64,811 | ▼ 2.6% |
| Financial debts170/4 | - | - | - | €276,615 | €257,542 | €68,254 | €66,574 | €64,811 | ▼ 2.6% |
| Amounts payable within one year42/48 | €136,744 | €160,514 | €104,439 | €105,751 | €183,674 | €150,352 | €98,996 | €62,586 | ▼ 36.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,756 | €19,073 | €1,601 | €1,680 | €1,763 | ▲ 4.9% |
| Trade debts44 | €54,911 | €75,303 | €38,268 | €56,012 | €79,290 | €73,769 | €37,281 | €30,417 | ▼ 18.4% |
| Suppliers440/4 | - | - | - | €56,012 | €79,290 | €73,769 | €37,281 | €30,417 | ▼ 18.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €5 | €5 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €20,656 | €41,742 | €21,992 | €6,978 | - | - |
| Taxes450/3 | - | - | - | €9,648 | €19,494 | €8,495 | €965 | - | - |
| Remuneration and social security454/9 | - | - | - | €11,009 | €22,249 | €13,498 | €6,013 | - | - |
| Other amounts payable47/48 | - | - | - | €7,327 | €43,569 | €52,984 | €53,051 | €30,405 | ▼ 42.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,331 | -€37,460 | €20,978 | €37,821 | -€128,087 | €92,627 | -€19,853 | €19,037 | - |
| + Depreciation and write-downs630 | €35,042 | €35,315 | €32,458 | €26,709 | €26,934 | €13,279 | €12,145 | €5,123 | ▼ 57.8% |
| Operating cash flow (approximation) | €18,711 | -€2,145 | €53,436 | €64,530 | -€101,153 | €105,906 | -€7,708 | €24,160 | - |
| Investment in fixed assets (approximation) | - | -€3,289 | €63,546 | -€3,312 | -€3,746 | €134,276 | €0 | €17,894 | - |
| Change in cash | - | -€6,959 | €7,489 | €15,580 | -€13,941 | €29,805 | -€43,508 | €2,280 | - |
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, 3,794 companies had the same profile as COLLINDT has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
91.5%
was still going
5.3%
stopped otherwise
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COLLINDT itself: 2.5% 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 3,794 companies, not a prediction for COLLINDT. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00542527 | |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00371899 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00450680 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00351495 | |
| 31-12-2021 | micro format | 18-08-2022 | 2022-20305983 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-53500287 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-46600530 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-40000158 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-48600158 | |
| 31-12-2016 | micro format | 10-08-2017 | 2017-43000499 |