DESIMMO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 26 filings
Turnover
≈ €430,000
Estimated: probably between €380,000 and €470,000
EBIT margin
Not included in this filing
Net result
-€138,851▼ 134%
2024 · -€59,322
Working capital
-€667,022▼ 57.4%
2024 · -€423,821
In the rankings
#3 company by total assets in Aubel, Real estate sector#7 oldest company in Aubel, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€7,056
2025
20182025
Net result
-€138,851
▼ 134%
2025
lowest quarter of the sector
20182025
Equity
€501,649
▼ 21.7%
2025
middle half of the sector
20182025
Total assets
€5.5m
▲ 14.1%
2025
middle half of the sector
20182025
Debt
€4.9m
▲ 20.1%
2025
20182025
Working capital
-€667,022
▼ 57.4%
2025
lowest quarter of the sector
20182025
Solvency
9.2%
▼ 4.2pp
2025
lowest quarter of the sector
20182025
Current ratio
0.20
▲ 0.15
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-2.5%
▼ 1.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0
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
Operating result€0.02m-€0.03m▲ 60.0%€0.09m▲ 219%€0.04m▼ 56.1%€0.05m▲ 18.9%€0.002m▼ 94.7%€0.05m▲ 18×-€0.007m
Net result€111-€0.007m▲ 63×€0.05mabove the sector's middle half▲ 667%€0.01mwithin the sector's middle half▼ 81.8%€0.008mwithin the sector's middle half▼ 15.4%€0.2mabove the sector's middle half▲ 29×-€0.06mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 134%
Equity€0.4m-€0.4m▲ 1.8%€0.4mabove the sector's middle half▲ 13.8%€0.5mabove the sector's middle half▲ 2.2%€0.5mabove the sector's middle half▲ 1.8%€0.7mabove the sector's middle half▲ 51.6%€0.6mabove the sector's middle half▼ 8.5%€0.5mwithin the sector's middle half▼ 21.7%
Total assets€1.2m-€1.6m▲ 32.0%€1.8mabove the sector's middle half▲ 14.6%€2.5mabove the sector's middle half▲ 42.9%€2.6mabove the sector's middle half▲ 2.7%€4.6mabove the sector's middle half▲ 74.6%€4.8mabove the sector's middle half▲ 4.9%€5.5mwithin the sector's middle half▲ 14.1%
Debt€0.7m-€1.1m▲ 52.1%€1.3m▲ 14.8%€2.0m▲ 60.5%€2.1m▲ 3.2%€3.8m▲ 82.5%€4.1m▲ 7.6%€4.9m▲ 20.1%
Working capital-€0.06m--€0.07m▼ 23.6%€0.07mwithin the sector's middle half-€0.08mbelow the sector's middle half-€0.8mbelow the sector's middle half▼ 869%-€0.05mwithin the sector's middle half▲ 93.8%-€0.4mbelow the sector's middle half▼ 733%-€0.7mbelow the sector's middle half▼ 57.4%
Solvency32.5%-25.0%▼ 7.4pp24.9%within the sector's middle half▼ 0.2pp17.8%within the sector's middle half▼ 7.1pp17.6%within the sector's middle half▼ 0.1pp15.3%within the sector's middle half▼ 2.3pp13.4%within the sector's middle half▼ 2.0pp9.2%below the sector's middle half▼ 4.2pp
Current ratio0.64-0.88▲ 0.241.14within the sector's middle half▲ 0.270.88within the sector's middle half▼ 0.270.03below the sector's middle half▼ 0.850.89within the sector's middle half▲ 0.860.05below the sector's middle half▼ 0.840.20below the sector's middle half▲ 0.15
Return on assets (ROA)0.0%-0.5%▲ 0.4pp3.0%within the sector's middle half▲ 2.6pp0.4%within the sector's middle half▼ 2.6pp0.3%within the sector's middle half▼ 0.1pp5.2%within the sector's middle half▲ 4.9pp-1.2%within the sector's middle half▼ 6.4pp-2.5%below the sector's middle half▼ 1.3pp
Staff (FTE)0within the sector's middle half
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 €7,056, after a profit of €45,704 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets
€5.3m ▲ 11.2%
Current assets
€169,671 ▲ 670%
Equity and liabilities €5.5m
Equity
€501,649 ▼ 21.7%
Provisions
€60,770 ▼ 6.8%
Debt
€4.9m ▲ 20.1%
Debt's share of the balance-sheet total rises from 85.3% to 89.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€266,201▼
2024 · €293,525
Cash flow
€134,406▼
2024 · €188,499
Debt to equity
9.78▲
2024 · 6.38
ROE
-27.7%▼
2024 · -9.3%
Interest coverage
1.95▼
2024 · 2.58
Debt ≤ 1 year
€836,693▲
2024 · €445,869
Debt > 1 year
€4.0m▲
2024 · €3.5m
Income taxes
€173▼
2024 · €227
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 | €682,560 | €748,892 | €1.7m | €854,486 | €921,242 |
| Financial fixed assets | €125,000 | - | - | €500 | €100 |
| Depreciation and write-downs of the year | €90,592 | €98,467 | €169,584 | €247,821 | €273,257 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,180 | €47,948 | €45,245 | €90,592 | €98,467 | €169,584 | €247,821 | €273,257 | ▲ 10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €15,680 | - |
| Other operating charges640/8 | - | - | - | €16,504 | €18,600 | €18,816 | €19,436 | €98,438 | ▲ 406% |
| Gross operating margin9900 | €79,688 | €87,246 | €147,750 | €146,764 | €164,239 | €190,891 | €312,961 | €380,319 | ▲ 21.5% |
| Operating profit (loss)9901 | €17,702 | €28,328 | €90,337 | €39,668 | €47,172 | €2,491 | €45,704 | -€7,056 | - |
| Financial income75/76B | - | - | - | €1,231 | €1 | €324,076 | €4,329 | €677 | ▼ 84.4% |
| Recurring financial income75 | €75 | €31 | €3 | €1,231 | €1 | €324,076 | €4,329 | €677 | ▼ 84.4% |
| Financial charges65/66B | - | - | - | €36,044 | €43,180 | €92,689 | €113,556 | €136,727 | ▲ 20.4% |
| Recurring financial charges65 | €21,690 | €25,619 | €25,303 | €36,044 | €43,180 | €92,689 | €113,556 | €136,727 | ▲ 20.4% |
| Profit (loss) for the period before taxes9903 | -€3,913 | €2,739 | €65,037 | €4,854 | €3,993 | €233,877 | -€63,523 | -€143,106 | ▼ 125% |
| Transfer from deferred taxes780 | - | - | - | €5,045 | €4,428 | €4,428 | €4,428 | €4,428 | = |
| Income taxes67/77 | €119 | €122 | €149 | €90 | €120 | €190 | €227 | €173 | ▼ 23.8% |
| Profit (loss) for the period9904 | €111 | €7,026 | €53,902 | €9,810 | €8,302 | €238,115 | -€59,322 | -€138,851 | ▼ 134% |
| Transfer from tax-exempt reserves789 | - | - | - | €10,345 | €9,146 | €9,146 | €9,146 | €9,146 | = |
| Profit (loss) for the period to be appropriated9905 | €8,157 | €15,588 | €16,259 | €20,155 | €17,447 | €247,261 | -€50,176 | -€129,705 | ▼ 158% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.6m | €1.8m | €2.5m | €2.6m | €4.6m | €4.8m | €5.5m | ▲ 14.1% |
| Formation expenses20 | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 17.2% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.2m | €1.9m | €2.6m | €4.1m | €4.8m | €5.3m | ▲ 11.2% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.1m | €1.7m | €2.4m | €4.0m | €4.6m | €5.1m | ▲ 11.6% |
| Land and buildings22 | - | - | - | €1.7m | €2.4m | €3.9m | €4.5m | €5.1m | ▲ 11.8% |
| Furniture and vehicles24 | - | - | - | €439 | €331 | €0.06m | €0.04m | €0.03m | ▼ 30.7% |
| Other tangible fixed assets26 | - | - | - | - | €0.002m | €0.002m | €0.002m | €0.01m | ▲ 593% |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.1% |
| Current assets29/58 | €0.1m | €0.5m | €0.6m | €0.6m | €0.03m | €0.4m | €0.02m | €0.2m | ▲ 670% |
| Stocks and contracts in progress3 | - | €0.4m | €0.4m | €0.5m | - | €0.3m | - | - | - |
| Stocks30/36 | - | - | - | €0.5m | - | €0.3m | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.1m | €0.005m | €0.01m | €0.01m | €0.1m | ▲ 14× |
| Other amounts receivable41 | - | - | - | €0.1m | €0.005m | €0.01m | €0.01m | €0.1m | ▲ 14× |
| Current investments50/53 | - | - | - | - | - | €0.1m | - | - | - |
| Cash at bank and in hand54/58 | €0.003m | €0.002m | €0.04m | €0.04m | €0.01m | €0.01m | €0.008m | €0.02m | ▲ 216% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.009m | €0.006m | €0.004m | €0.005m | ▲ 24.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.6m | €1.8m | €2.5m | €2.6m | €4.6m | €4.8m | €5.5m | ▲ 14.1% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.7m | €0.6m | €0.5m | ▼ 21.7% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | €0.3m | ▼ 2.6% |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 6.5% |
| Distributable reserves133 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.08m | -€0.07m | -€0.05m | -€0.03m | €128 | -€0.05m | -€0.2m | ▼ 259% |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 6.8% |
| Deferred taxes168 | - | - | - | €0.08m | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 6.8% |
| Amounts payable17/49 | €0.7m | €1.1m | €1.3m | €2.0m | €2.1m | €3.8m | €4.1m | €4.9m | ▲ 20.1% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.8m | €1.2m | €1.1m | €3.2m | €3.5m | €4.0m | ▲ 12.0% |
| Financial debts170/4 | - | - | - | €1.2m | €1.1m | €3.2m | €3.5m | €4.0m | ▲ 12.0% |
| Amounts payable within one year42/48 | €0.2m | €0.6m | €0.5m | €0.7m | €0.8m | €0.5m | €0.4m | €0.8m | ▲ 87.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.4m | €0.1m | €0.1m | €0.4m | ▲ 280% |
| Trade debts44 | €0.002m | €137 | €0.004m | €0.05m | €0.02m | €0.05m | €0.005m | €0.002m | ▼ 52.5% |
| Suppliers440/4 | - | - | - | €0.05m | €0.02m | €0.05m | €0.005m | €0.002m | ▼ 52.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.003m | €0.005m | €0.004m | €0.007m | ▲ 85.2% |
| Taxes450/3 | - | - | - | €0.002m | €0.003m | €0.005m | €0.004m | €0.007m | ▲ 85.2% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 28.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111 | €0.007m | €0.05m | €0.01m | €0.008m | €0.2m | -€0.06m | -€0.1m | ▼ 134% |
| + Depreciation and write-downs630 | €0.05m | €0.05m | €0.05m | €0.09m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 10.3% |
| Operating cash flow (approximation) | €0.05m | €0.05m | €0.1m | €0.1m | €0.1m | €0.4m | €0.2m | €0.1m | ▼ 28.7% |
| Investment in fixed assets (approximation) | - | -€0.008m | -€0.2m | -€0.8m | -€0.8m | -€1.7m | -€0.9m | -€0.8m | ▲ 6.2% |
| Change in cash | - | -€0.001m | €0.04m | €0.001m | -€0.03m | -€0.001m | -€0.003m | €0.02m | - |
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, 1,104 companies had the same profile as DESIMMO has now. Two years later, 94.3% were still going and 1.8% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a small loss
94.3%
was still going
3.5%
stopped otherwise
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DESIMMO itself is lower: 0.2% within 12 months. It rests on far more data about DESIMMO 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 1,104 companies, not a prediction for DESIMMO. 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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00269152 | |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00131746 | |
| 31-12-2023 | micro format | 21-05-2024 | 2024-00092688 | |
| 31-12-2022 | micro format | 21-07-2023 | 2023-00264112 | |
| 31-12-2021 | micro format | 25-05-2022 | 2022-20035746 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37800109 | |
| 31-12-2019 | micro format | 07-09-2020 | 2020-51600416 | |
| 31-12-2018 | full format | 27-02-2019 | 2019-06000120 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-41100523 | |
| 31-12-2016 | micro format | 07-08-2017 | 2017-41600287 |