DIAMWILL
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 21 filings
Turnover
≈ €4.9m
Estimated: probably between €3.1m and €8.3m
Total assets
€7.6m▲ 29.3%
2024 · €5.8m
Net result
€779,503▲ 35.7%
2024 · €574,374
Working capital
€5.0m▲ 12.8%
2024 · €4.4m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€819,640
▲ 41.1%
2025
20182025
Net result
€779,503
▲ 35.7%
2025
highest quarter of the sector
20182025
Equity
€5.3m
▲ 17.3%
2025
highest quarter of the sector
20182025
Total assets
€7.6m
▲ 29.3%
2025
highest quarter of the sector
20182025
Debt
€2.3m
▲ 70.2%
2025
20182025
Working capital
€5.0m
▲ 12.8%
2025
highest quarter of the sector
20182025
Solvency
70.0%
▼ 7.2pp
2025
highest quarter of the sector
20182025
Current ratio
3.22
▼ 1.16
2025
middle half of the sector
20182025
Return on assets (ROA)
10.3%
▲ 0.5pp
2025
middle half of the sector
20182025
Staff (FTE)
1.5
▼ 16.7%
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-€0.04m▲ 105%€0.03m▼ 16.6%€0.03m▼ 16.7%€1.8m▲ 66×€0.3m▼ 81.9%€0.6m▲ 76.0%€0.8m▲ 41.1%
Net result€360-€0.01m▲ 35×€0.008mwithin the sector's middle half▼ 38.0%€0.01mwithin the sector's middle half▲ 59.9%€1.8mabove the sector's middle half▲ 145×€0.3mabove the sector's middle half▼ 82.1%€0.6mabove the sector's middle half▲ 77.3%€0.8mabove the sector's middle half▲ 35.7%
Equity€1.8m-€1.8m▲ 0.7%€1.8mabove the sector's middle half▲ 0.4%€1.8mabove the sector's middle half▲ 0.7%€3.6mabove the sector's middle half▲ 100%€3.9mabove the sector's middle half▲ 9.0%€4.5mabove the sector's middle half▲ 14.6%€5.3mabove the sector's middle half▲ 17.3%
Total assets€4.8m-€4.9m▲ 1.4%€4.2mabove the sector's middle half▼ 14.8%€4.4mabove the sector's middle half▲ 5.5%€4.7mabove the sector's middle half▲ 7.3%€4.8mabove the sector's middle half▲ 2.6%€5.8mabove the sector's middle half▲ 20.6%€7.6mabove the sector's middle half▲ 29.3%
Debt€3.1m-€3.1m▲ 1.8%€2.4m▼ 23.6%€2.6m▲ 9.0%€1.1m▼ 57.3%€0.9m▼ 18.1%€1.3m▲ 46.9%€2.3m▲ 70.2%
Working capital€1.7m-€1.7m▲ 3.3%€1.8mabove the sector's middle half▲ 0.7%€1.8mabove the sector's middle half▲ 0.7%€3.5mabove the sector's middle half▲ 98.9%€3.8mabove the sector's middle half▲ 9.3%€4.4mabove the sector's middle half▲ 15.6%€5.0mabove the sector's middle half▲ 12.8%
Solvency36.7%-36.5%▼ 0.2pp43.0%within the sector's middle half▲ 6.5pp41.1%within the sector's middle half▼ 1.9pp76.6%above the sector's middle half▲ 35.5pp81.3%above the sector's middle half▲ 4.7pp77.2%above the sector's middle half▼ 4.1pp70.0%above the sector's middle half▼ 7.2pp
Current ratio1.55-1.56▲ 0.011.74within the sector's middle half▲ 0.181.68within the sector's middle half▼ 0.064.20above the sector's middle half▲ 2.525.26above the sector's middle half▲ 1.064.37above the sector's middle half▼ 0.893.22within the sector's middle half▼ 1.16
Return on assets (ROA)0.0%-0.3%▲ 0.2pp0.2%below the sector's middle half▼ 0.1pp0.3%below the sector's middle half▲ 0.1pp38.3%above the sector's middle half▲ 38.0pp6.7%within the sector's middle half▼ 31.6pp9.8%within the sector's middle half▲ 3.1pp10.3%within the sector's middle half▲ 0.5pp
Staff (FTE)1-1=1.2below the sector's middle half▲ 20.0%1.2below the sector's middle half=1.3below the sector's middle half▲ 8.3%2within the sector's middle half▲ 53.8%1.8within the sector's middle half▼ 10.0%1.5within the sector's middle half▼ 16.7%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 41% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.6m
Fixed assets
€280,395 ▲ 238%
Current assets
€7.3m ▲ 26.3%
Equity and liabilities €7.6m
Equity
€5.3m ▲ 17.3%
Debt
€2.3m ▲ 70.2%
Debt's share of the balance-sheet total rises from 22.8% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€835,361▲
2024 · €598,297
Cash flow
€795,224▲
2024 · €591,667
Quick ratio
2.28▲
2024 · 1.18
Debt to equity
0.43▲
2024 · 0.30
ROE
14.7%▲
2024 · 12.7%
Interest coverage
22.63▼
2024 · over 100
Debt ≤ 1 year
€2.3m▲
2024 · €1.3m
Income taxes
€16,896▲
2024 · €2,370
Staff costs
€94,302▲
2024 · €53,131
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 3 |
| full-time | 2 | 2 | 1 | 1 |
| part-time | - | - | 1 | 2 |
| in full-time equivalents | 2 | 2 | 1.2 | 1.9 |
| Average over the year, in full-time equivalents | 1.3 | 2 | 1.8 | 1.5 |
| On a permanent contract | 2 | 2 | 2 | 3 |
| Joined | 1 | - | - | 1 |
| Left | 0 | - | - | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,672 | €72,619 | €10,262 | - | €227,038 |
| Intangible fixed assets | €4,693 | - | - | - | - |
| Financial fixed assets | €165 | €6,000 | €2,400 | - | - |
| Depreciation and write-downs of the year | €9,394 | €11,177 | €16,601 | €17,293 | €15,721 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €11,711 awarded · €11,711 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €8,813 | €8,813 |
| 2023 | 1 | €2,898 | €2,898 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.04m | €0.1m | €0.1m | €0.05m | €0.09m | ▲ 77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.01m | €0.01m | €0.009m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 9.1% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.003m | €263 | €0.03m | ▲ 106× |
| Non-recurring operating charges66A | - | - | - | - | - | €0.001m | - | - | - |
| Gross operating margin9900 | €0.1m | €0.2m | €0.1m | €0.07m | €2.0m | €0.5m | €0.7m | €1.0m | ▲ 46.9% |
| Operating profit (loss)9901 | €0.02m | €0.04m | €0.03m | €0.03m | €1.8m | €0.3m | €0.6m | €0.8m | ▲ 41.1% |
| Financial income75/76B | - | - | - | €0 | €427 | €0.001m | €0.001m | €0.02m | ▲ 14× |
| Recurring financial income75 | €1 | €0.001m | €37 | €0 | €427 | €0.001m | €0.001m | €0.02m | ▲ 14× |
| Financial charges65/66B | - | - | - | €0.007m | €0.01m | €0.005m | €0.006m | €0.04m | ▲ 653% |
| Recurring financial charges65 | €0.006m | €0.005m | €0.004m | €0.007m | €0.01m | €0.005m | €0.006m | €0.04m | ▲ 548% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.006m | - |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.04m | €0.03m | €0.02m | €1.8m | €0.3m | €0.6m | €0.8m | ▲ 38.1% |
| Income taxes67/77 | €0.01m | €0.02m | €0.02m | €0.008m | €0.009m | €0.002m | €0.002m | €0.02m | ▲ 613% |
| Profit (loss) for the period9904 | €360 | €0.01m | €0.008m | €0.01m | €1.8m | €0.3m | €0.6m | €0.8m | ▲ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €360 | €0.01m | €0.008m | €0.01m | €1.8m | €0.3m | €0.6m | €0.8m | ▲ 35.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.8m | €4.9m | €4.2m | €4.4m | €4.7m | €4.8m | €5.8m | €7.6m | ▲ 29.3% |
| Fixed assets21/28 | €0.09m | €0.04m | €0.04m | €0.04m | €0.1m | €0.1m | €0.08m | €0.3m | ▲ 238% |
| Intangible fixed assets21 | €0.002m | €0.001m | €0.001m | €0.005m | €0.004m | €0.003m | €0.002m | €0.001m | ▼ 52.4% |
| Tangible fixed assets22/27 | €0.07m | €0.03m | €0.03m | €0.02m | €0.09m | €0.08m | €0.06m | €0.3m | ▲ 330% |
| Land and buildings22 | - | - | - | - | - | - | - | €0.2m | - |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.09m | €0.08m | €0.06m | €0.08m | ▲ 23.4% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0.004m | €0.003m | €0.002m | ▼ 43.4% |
| Financial fixed assets28 | €0.01m | €0.008m | €0.008m | €0.008m | €0.01m | €0.02m | €0.02m | €0.003m | ▼ 82.3% |
| Current assets29/58 | €4.7m | €4.9m | €4.1m | €4.4m | €4.6m | €4.7m | €5.8m | €7.3m | ▲ 26.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Other amounts receivable291 | - | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Stocks and contracts in progress3 | €4.2m | €4.3m | €3.6m | €3.8m | €3.3m | €3.2m | €4.2m | €2.1m | ▼ 49.7% |
| Stocks30/36 | - | - | - | €3.8m | €3.3m | €3.2m | €4.2m | €2.1m | ▼ 49.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.8m | €0.9m | €1.2m | ▲ 34.0% |
| Trade receivables40 | - | - | - | €0.4m | €0.5m | €0.7m | €0.8m | €0.5m | ▼ 38.0% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.1m | €0.09m | €0.1m | €0.7m | ▲ 566% |
| Cash at bank and in hand54/58 | €0.01m | €0.01m | €0.01m | €0.02m | €0.04m | €0.1m | €0.02m | €3.3m | ▲ 187× |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.01m | €0.007m | €0.007m | €0.03m | ▲ 276% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.8m | €4.9m | €4.2m | €4.4m | €4.7m | €4.8m | €5.8m | €7.6m | ▲ 29.3% |
| Equity10/15 | €1.8m | €1.8m | €1.8m | €1.8m | €3.6m | €3.9m | €4.5m | €5.3m | ▲ 17.3% |
| Contributions10/11 | €1.5m | €1.5m | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.4m | €2.2m | €2.5m | €3.1m | €3.8m | ▲ 25.5% |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.07m | €0.07m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €2.1m | €2.5m | €3.1m | €3.8m | ▲ 25.5% |
| Amounts payable17/49 | €3.1m | €3.1m | €2.4m | €2.6m | €1.1m | €0.9m | €1.3m | €2.3m | ▲ 70.2% |
| Amounts payable within one year42/48 | €3.1m | €3.1m | €2.4m | €2.6m | €1.1m | €0.9m | €1.3m | €2.3m | ▲ 71.8% |
| Financial debts43 | - | - | - | €0.001m | - | - | €0.01m | - | - |
| Credit institutions430/8 | - | - | - | €0.001m | - | - | €0.01m | - | - |
| Trade debts44 | €2.1m | €2.2m | €1.5m | €1.8m | €1.1m | €0.9m | €1.3m | €2.2m | ▲ 73.3% |
| Suppliers440/4 | - | - | - | €1.8m | €1.1m | €0.9m | €1.3m | €2.2m | ▲ 73.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.03m | €0.01m | €0.02m | ▲ 80.2% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.02m | €0.006m | €0.02m | ▲ 203% |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.02m | €0.01m | €0.007m | €0.006m | ▼ 25.2% |
| Other amounts payable47/48 | - | - | - | €0.8m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.007m | €0.005m | €0.01m | €0.003m | ▼ 76.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €360 | €0.01m | €0.008m | €0.01m | €1.8m | €0.3m | €0.6m | €0.8m | ▲ 35.7% |
| + Depreciation and write-downs630 | €0.02m | €0.01m | €0.01m | €0.009m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 9.1% |
| Operating cash flow (approximation) | €0.02m | €0.02m | €0.02m | €0.02m | €1.8m | €0.3m | €0.6m | €0.8m | ▲ 34.4% |
| Investment in fixed assets (approximation) | - | €0.04m | -€0.007m | -€0.01m | -€0.08m | -€0.01m | €0 | -€0.2m | - |
| Change in cash | - | -€0.001m | -€0.003m | €0.009m | €0.02m | €0.07m | -€0.09m | €3.3m | - |
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 DIAMWILL 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 DIAMWILL 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 DIAMWILL. 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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-06-2026 | 2026-00194154 | |
| 31-12-2024 | abbreviated format | 17-06-2025 | 2025-00151525 | |
| 31-12-2023 | abbreviated format | 16-07-2024 | 2024-00254495 | |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00246932 | |
| 31-12-2021 | abbreviated format | 05-10-2022 | 2022-20451522 | |
| 31-12-2020 | abbreviated format | 22-09-2021 | 2021-68100235 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-38200247 | |
| 31-12-2018 | abbreviated format | 03-06-2019 | 2019-15600403 | |
| 31-12-2017 | abbreviated format | 02-07-2018 | 2018-28100575 | |
| 31-12-2016 | abbreviated format | 16-06-2017 | 2017-19600458 |