COLLON
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 34 filings
Turnover
€0
2018 · €0
EBIT margin
Not included in this filing
Net result
€751,418▲ 28.7%
2024 · €583,854
Working capital
€2.1m▲ 5.7%
2024 · €2.0m
In the rankings
#3 company by equity in Villers-le-Bouillet, Manufacturing sector#4 oldest company in Villers-le-Bouillet, Manufacturing sector#10 company by total assets in Villers-le-Bouillet, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€1.1m
▲ 18.7%
2025
20182025
Net result
€751,418
▲ 28.7%
2025
highest quarter of the sector
20182025
Equity
€5.1m
▲ 17.2%
2025
highest quarter of the sector
20182025
Total assets
€5.5m
▲ 3.2%
2025
highest quarter of the sector
20182025
Debt
€363,966
▼ 53.6%
2025
20182025
Working capital
€2.1m
▲ 5.7%
2025
highest quarter of the sector
20182025
Solvency
93.4%
▲ 11.1pp
2025
highest quarter of the sector
20182025
Current ratio
8.15
▲ 3.74
2025
highest quarter of the sector
20182025
Return on assets (ROA)
13.7%
▲ 2.7pp
2025
highest quarter of the sector
20182025
Staff (FTE)
8.7
▼ 13.9%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0-€0
Operating result€0.6m-€0.7m▲ 27.6%€1.0m▲ 35.2%€1.4m▲ 41.8%€0.7m▼ 52.4%€1.1m▲ 65.4%€0.9m▼ 16.2%€1.1m▲ 18.7%
Net result€0.05m-€0.5m▲ 908%€0.7mabove the sector's middle half▲ 56.8%€1.0mabove the sector's middle half▲ 41.2%€0.5mwithin the sector's middle half▼ 52.2%€0.8mwithin the sector's middle half▲ 60.3%€0.6mwithin the sector's middle half▼ 26.9%€0.8mabove the sector's middle half▲ 28.7%
Equity€2.4m-€2.2m▼ 7.2%€2.7mwithin the sector's middle half▲ 19.7%€3.7mwithin the sector's middle half▲ 38.0%€4.2mwithin the sector's middle half▲ 13.6%€3.8mwithin the sector's middle half▼ 8.0%€4.4mwithin the sector's middle half▲ 14.0%€5.1mabove the sector's middle half▲ 17.2%
Total assets€5.7m-€4.8m▼ 15.3%€5.8mwithin the sector's middle half▲ 19.6%€5.8mwithin the sector's middle half▲ 1.4%€5.7mwithin the sector's middle half▼ 3.1%€5.3mwithin the sector's middle half▼ 6.9%€5.3mwithin the sector's middle half▲ 1.1%€5.5mabove the sector's middle half▲ 3.2%
Debt€3.3m-€2.6m▼ 21.3%€3.1m▲ 19.5%€2.2m▼ 30.2%€1.5m▼ 31.6%€1.4m▼ 3.7%€0.8m▼ 44.9%€0.4m▼ 53.6%
Working capital€0.4m-€0.1m▼ 65.9%€0.4mwithin the sector's middle half▲ 195%€1.0mwithin the sector's middle half▲ 172%€1.7mwithin the sector's middle half▲ 68.5%€1.5mwithin the sector's middle half▼ 12.6%€2.0mwithin the sector's middle half▲ 36.9%€2.1mabove the sector's middle half▲ 5.7%
Solvency42.2%-46.3%▲ 4.1pp46.3%within the sector's middle half=63.0%above the sector's middle half▲ 16.7pp73.9%above the sector's middle half▲ 10.9pp73.0%above the sector's middle half▼ 0.9pp82.3%above the sector's middle half▲ 9.3pp93.4%above the sector's middle half▲ 11.1pp
Current ratio1.25-1.11▼ 0.141.25within the sector's middle half▲ 0.141.83within the sector's middle half▲ 0.583.13above the sector's middle half▲ 1.302.57above the sector's middle half▼ 0.574.41above the sector's middle half▲ 1.848.15above the sector's middle half▲ 3.74
Return on assets (ROA)0.8%-9.8%▲ 9.0pp12.8%above the sector's middle half▲ 3.0pp17.9%above the sector's middle half▲ 5.0pp8.8%within the sector's middle half▼ 9.0pp15.2%above the sector's middle half▲ 6.4pp11.0%above the sector's middle half▼ 4.2pp13.7%above the sector's middle half▲ 2.7pp
Staff (FTE)9.6-9▼ 6.3%10.9within the sector's middle half▲ 21.1%10.7within the sector's middle half▼ 1.8%9.9within the sector's middle half▼ 7.5%10.3within the sector's middle half▲ 4.0%10.1within the sector's middle half▼ 1.9%8.7within the sector's middle half▼ 13.9%
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). 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 19% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets
€3.0m ▲ 13.0%
Current assets
€2.4m ▼ 6.8%
Equity and liabilities €5.5m
Equity
€5.1m ▲ 17.2%
Provisions
€0 ▼ 100%
Debt
€363,966 ▼ 53.6%
Debt's share of the balance-sheet total falls from 14.7% to 6.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.6m▲
2024 · €1.4m
Cash flow
€1.3m▲
2024 · €1.1m
Quick ratio
6.99▲
2024 · 3.94
Debt to equity
0.07▼
2024 · 0.18
ROE
14.6%▲
2024 · 13.3%
Interest coverage
9.40▼
2024 · 11.85
Debt ≤ 1 year
€299,932▼
2024 · €594,796
Debt > 1 year
€64,034▼
2024 · €189,559
Income taxes
€184,515▼
2024 · €244,253
Staff costs
€499,021▼
2024 · €572,391
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 | 11 | 11 | 13 | 10 | 10 |
| full-time | 10 | 9 | 11 | 9 | 9 |
| part-time | 1 | 2 | 2 | 1 | 1 |
| in full-time equivalents | 10.6 | 10.2 | 12 | 9.6 | 9.6 |
| Average over the year, in full-time equivalents | 10.7 | 9.9 | 10.3 | 10.1 | 8.7 |
| On a permanent contract | 11 | 11 | 11 | 10 | 10 |
| Joined | 8 | 3 | 10 | 1 | 5 |
| Left | 8 | 3 | 8 | 4 | 5 |
| Training hours | 11 | 11 | 11 | 11 | 11 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €444,324 | €184,878 | €219,452 | €433,249 | €919,173 |
| Intangible fixed assets | - | - | - | €25,694 | €9,007 |
| Depreciation and write-downs of the year | €562,151 | €579,042 | €528,464 | €500,406 | €533,481 |
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 | €0 | - | - | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.008m | - | €0.003m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €0.2m | -€0.2m | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.03m | €0.02m | €0.05m | €0.01m | ▼ 73.1% |
| Gross operating margin9900 | €1.6m | €1.7m | €2.1m | €2.5m | €1.8m | €2.2m | €2.2m | €2.0m | ▼ 10.5% |
| Operating profit (loss)9901 | €0.6m | €0.7m | €1.0m | €1.4m | €0.7m | €1.1m | €0.9m | €1.1m | ▲ 18.7% |
| Financial income75/76B | - | - | - | €0.04m | €0.06m | €0.05m | €0.04m | €0.04m | ▼ 19.6% |
| Recurring financial income75 | €0.02m | €0.01m | €0.02m | €0.04m | €0.06m | €0.05m | €0.04m | €0.04m | ▼ 19.6% |
| Financial charges65/66B | - | - | - | €0.05m | €0.03m | €0.04m | €0.1m | €0.2m | ▲ 44.3% |
| Recurring financial charges65 | €0.2m | €0.04m | €0.05m | €0.05m | €0.03m | €0.04m | €0.1m | €0.2m | ▲ 44.3% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.7m | €0.9m | €1.4m | €0.7m | €1.1m | €0.8m | €0.9m | ▲ 13.0% |
| Income taxes67/77 | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 24.5% |
| Profit (loss) for the period9904 | €0.05m | €0.5m | €0.7m | €1.0m | €0.5m | €0.8m | €0.6m | €0.8m | ▲ 28.7% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.2m | €0.3m | €0.1m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0.3m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.3m | €0.5m | €1.0m | €0.7m | €1.1m | €0.4m | €0.8m | ▲ 101% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.7m | €4.8m | €5.8m | €5.8m | €5.7m | €5.3m | €5.3m | €5.5m | ▲ 3.2% |
| Fixed assets21/28 | €3.9m | €3.6m | €3.9m | €3.6m | €3.2m | €2.8m | €2.7m | €3.0m | ▲ 13.0% |
| Intangible fixed assets21 | €420 | €0 | €0 | €0 | €0 | €0 | €0.02m | €0.02m | ▲ 17.9% |
| Tangible fixed assets22/27 | €3.9m | €3.6m | €3.9m | €3.6m | €3.2m | €2.8m | €2.7m | €3.0m | ▲ 12.9% |
| Land and buildings22 | - | - | - | €2.4m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €0.7m | €0.5m | €0.4m | €0.4m | €0.8m | ▲ 105% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 21.3% |
| Leasing and similar rights25 | - | - | - | €0.2m | €0.1m | €0.1m | €0.09m | €0.06m | ▼ 33.3% |
| Assets under construction and advance payments27 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €1.8m | €1.2m | €1.9m | €2.2m | €2.5m | €2.4m | €2.6m | €2.4m | ▼ 6.8% |
| Stocks and contracts in progress3 | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▲ 24.2% |
| Stocks30/36 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▲ 24.2% |
| Amounts receivable within one year40/41 | €1.3m | €0.8m | €1.2m | €1.7m | €1.9m | €1.5m | €1.4m | €1.3m | ▼ 5.9% |
| Trade receivables40 | - | - | - | €0.4m | €0.5m | €0.7m | €0.4m | €0.5m | ▲ 10.9% |
| Other amounts receivable41 | - | - | - | €1.3m | €1.4m | €0.8m | €0.9m | €0.8m | ▼ 13.6% |
| Current investments50/53 | €0 | - | - | - | - | - | €0.5m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.3m | €0.1m | €0.2m | €0.6m | €0.5m | €0.8m | ▲ 71.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 115% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.7m | €4.8m | €5.8m | €5.8m | €5.7m | €5.3m | €5.3m | €5.5m | ▲ 3.2% |
| Equity10/15 | €2.4m | €2.2m | €2.7m | €3.7m | €4.2m | €3.8m | €4.4m | €5.1m | ▲ 17.2% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.9m | €1.0m | €1.5m | €1.8m | €1.6m | €0.2m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.6m | €0.4m | €0.1m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | €1.2m | €1.2m | €0.05m | €0 | - | - |
| Profit (loss) carried forward14 | €1.5m | €1.2m | €1.2m | €1.9m | €2.6m | €3.6m | €4.0m | €4.8m | ▲ 18.7% |
| Provisions and deferred taxes16 | €48 | €0.001m | €0.001m | €0.001m | €0.001m | €0 | €0.2m | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.001m | €0.001m | €0 | €0.2m | €0 | ▼ 100% |
| Environmental obligations163 | - | - | - | - | - | - | €0.2m | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | €0.001m | €0.001m | €0 | - | - | - |
| Amounts payable17/49 | €3.3m | €2.6m | €3.1m | €2.2m | €1.5m | €1.4m | €0.8m | €0.4m | ▼ 53.6% |
| Amounts payable after more than one year17 | €1.8m | €1.5m | €1.6m | €0.9m | €0.7m | €0.5m | €0.2m | €0.06m | ▼ 66.2% |
| Financial debts170/4 | - | - | - | €0.9m | €0.7m | €0.5m | €0.2m | €0.06m | ▼ 66.2% |
| Amounts payable within one year42/48 | €1.5m | €1.1m | €1.5m | €1.2m | €0.8m | €0.9m | €0.6m | €0.3m | ▼ 49.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.5m | €0.5m | €0.4m | €0.2m | ▼ 47.6% |
| Financial debts43 | - | - | - | €0.3m | €0.1m | €0 | - | €0 | - |
| Credit institutions430/8 | - | - | - | €0.3m | €0.1m | €0 | - | €0 | - |
| Trade debts44 | €0.4m | €0.2m | €0.1m | €0.2m | €0.09m | €0.2m | €0.05m | €0.04m | ▼ 24.3% |
| Suppliers440/4 | - | - | - | €0.2m | €0.09m | €0.2m | €0.05m | €0.04m | ▼ 24.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.1m | €0.2m | €0.05m | €0.04m | ▼ 9.2% |
| Taxes450/3 | - | - | - | €0.1m | €0.05m | €0.2m | €0.002m | €0.003m | ▲ 20.2% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 10.8% |
| Other amounts payable47/48 | - | - | - | €0 | €0 | €0 | €0.08m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.5m | €0.7m | €1.0m | €0.5m | €0.8m | €0.6m | €0.8m | ▲ 28.7% |
| + Depreciation and write-downs630 | €0.6m | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 6.6% |
| Operating cash flow (approximation) | €0.6m | €1.0m | €1.3m | €1.6m | €1.1m | €1.3m | €1.1m | €1.3m | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.9m | -€0.3m | -€0.1m | -€0.2m | -€0.4m | -€0.9m | ▼ 143% |
| Change in cash | - | -€0.02m | €0.1m | -€0.1m | €0.08m | €0.4m | -€0.1m | €0.3m | - |
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, 31,368 companies had the same profile as COLLON has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COLLON 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 31,368 companies, not a prediction for COLLON. 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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00324103 | |
| 31-12-2024 | full format | 18-06-2025 | 2025-00154939 | |
| 31-12-2023 | full format | 17-06-2024 | 2024-00150052 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00304825 | |
| 31-12-2021 | full format | 25-08-2022 | 2022-20335795 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-62100595 | |
| 31-12-2019 | full format | 17-06-2020 | 2020-19100558 | |
| 31-12-2018 | full format | 22-07-2019 | 2019-36200073 | |
| 31-12-2017 | full format | 12-06-2018 | 2018-18500459 | |
| 31-12-2016 | full format | 01-08-2017 | 2017-40100290 |