DIAZIMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 21 filings
Equity
€8,148▼ 24.8%
2024 · €10,837
Total assets
€29,685▼ 1.3%
2024 · €30,080
Net result
-€2,689▼ 36.3%
2024 · -€1,973
Working capital
-€1,545
2024 · €1,975
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,393
▼ 34.3%
2025
20182025
Net result
-€2,689
▼ 36.3%
2025
lowest quarter of the sector
20182025
Equity
€8,148
▼ 24.8%
2025
lowest quarter of the sector
20182025
Total assets
€29,685
▼ 1.3%
2025
lowest quarter of the sector
20182025
Debt
€21,537
▲ 11.9%
2025
20182025
Working capital
-€1,545
2025
lowest quarter of the sector
20182025
Solvency
27.4%
▼ 8.6pp
2025
middle half of the sector
20182025
Current ratio
0.93
▼ 0.17
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-9.1%
▼ 2.5pp
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€2,775-€4,375▲ 57.7%-€19,665€25,881-€11,114€10,617-€1,782-€2,393▼ 34.3%
Net result€2,499-€4,064▲ 62.7%-€19,894below the sector's middle half€25,045within the sector's middle half-€11,496below the sector's middle half€8,032within the sector's middle half-€1,973below the sector's middle half-€2,689below the sector's middle half▼ 36.3%
Equity€7,059-€11,123▲ 57.6%-€8,771below the sector's middle half€16,274below the sector's middle half€4,778below the sector's middle half▼ 70.6%€12,810below the sector's middle half▲ 168%€10,837below the sector's middle half▼ 15.4%€8,148below the sector's middle half▼ 24.8%
Total assets€16,126-€66,391▲ 312%€62,278below the sector's middle half▼ 6.2%€56,732below the sector's middle half▼ 8.9%€35,569below the sector's middle half▼ 37.3%€34,770below the sector's middle half▼ 2.2%€30,080below the sector's middle half▼ 13.5%€29,685below the sector's middle half▼ 1.3%
Debt€9,067-€55,268▲ 510%€71,049▲ 28.6%€40,458▼ 43.1%€30,791▼ 23.9%€21,959▼ 28.7%€19,243▼ 12.4%€21,537▲ 11.9%
Working capital€6,425--€6,932-€36,944below the sector's middle half▼ 433%-€9,487below the sector's middle half▲ 74.3%-€18,682below the sector's middle half▼ 96.9%€3,610below the sector's middle half€1,975below the sector's middle half▼ 45.3%-€1,545below the sector's middle half
Solvency43.8%-16.8%▼ 27.0pp-14.1%below the sector's middle half▼ 30.8pp28.7%within the sector's middle half▲ 42.8pp13.4%below the sector's middle half▼ 15.3pp36.8%within the sector's middle half▲ 23.4pp36.0%within the sector's middle half▼ 0.8pp27.4%within the sector's middle half▼ 8.6pp
Current ratio1.71-0.72▼ 0.990.26below the sector's middle half▼ 0.460.67below the sector's middle half▲ 0.410.36below the sector's middle half▼ 0.311.16within the sector's middle half▲ 0.811.10below the sector's middle half▼ 0.060.93below the sector's middle half▼ 0.17
Return on assets (ROA)15.5%-6.1%▼ 9.4pp-31.9%below the sector's middle half▼ 38.1pp44.1%above the sector's middle half▲ 76.1pp-32.3%below the sector's middle half▼ 76.5pp23.1%above the sector's middle half▲ 55.4pp-6.6%below the sector's middle half▼ 29.7pp-9.1%below the sector's middle half▼ 2.5pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 €2,393, larger than the loss of €1,782 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29,685
Fixed assets
€9,693 ▲ 9.4%
Current assets
€19,991 ▼ 5.8%
Equity and liabilities €29,685
Equity
€8,148 ▼ 24.8%
Debt
€21,537 ▲ 11.9%
Debt's share of the balance-sheet total rises from 64.0% to 72.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,924▼
2024 · -€1,444
Cash flow
-€2,220▼
2024 · -€1,635
Debt to equity
2.64▲
2024 · 1.78
ROE
-33.0%▼
2024 · -18.2%
Interest coverage
-6.50▲
2024 · -7.55
Debt ≤ 1 year
€21,537▲
2024 · €19,243
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 | - | €0 | €0 | - | €1,300 |
| Depreciation and write-downs of the year | €12,004 | €12,004 | €15,888 | €339 | €469 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €379 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €780 | €12,196 | €18,105 | €12,004 | €12,004 | €15,888 | €339 | €469 | ▲ 38.4% |
| Other operating charges640/8 | - | - | - | €854 | €595 | €1,191 | €940 | €860 | ▼ 8.5% |
| Gross operating margin9900 | €46,692 | €27,529 | -€682 | €39,118 | €1,485 | €27,696 | -€504 | -€1,065 | ▼ 111% |
| Operating profit (loss)9901 | €2,775 | €4,375 | -€19,665 | €25,881 | -€11,114 | €10,617 | -€1,782 | -€2,393 | ▼ 34.3% |
| Financial income75/76B | - | - | - | €14 | €5 | - | - | €0 | - |
| Recurring financial income75 | €16 | - | - | €14 | €5 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €850 | €386 | €338 | €191 | €296 | ▲ 54.9% |
| Recurring financial charges65 | €292 | €311 | €229 | €850 | €386 | €338 | €191 | €296 | ▲ 54.9% |
| Profit (loss) for the period before taxes9903 | €2,499 | €4,064 | -€19,894 | €25,045 | -€11,496 | €10,279 | -€1,973 | -€2,689 | ▼ 36.3% |
| Income taxes67/77 | - | - | - | - | - | €2,247 | - | - | - |
| Profit (loss) for the period9904 | €2,499 | €4,064 | -€19,894 | €25,045 | -€11,496 | €8,032 | -€1,973 | -€2,689 | ▼ 36.3% |
| Profit (loss) for the period to be appropriated9905 | €2,499 | €4,064 | -€19,894 | €25,045 | -€11,496 | €8,032 | -€1,973 | -€2,689 | ▼ 36.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,126 | €66,391 | €62,278 | €56,732 | €35,569 | €34,770 | €30,080 | €29,685 | ▼ 1.3% |
| Fixed assets21/28 | €634 | €48,459 | €49,097 | €37,093 | €25,089 | €9,200 | €8,862 | €9,693 | ▲ 9.4% |
| Tangible fixed assets22/27 | €384 | €48,209 | €48,846 | €36,842 | €24,838 | €8,950 | €8,611 | €9,443 | ▲ 9.7% |
| Furniture and vehicles24 | - | - | - | €36,842 | €24,838 | €8,950 | €8,611 | €8,273 | ▼ 3.9% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €1,170 | - |
| Financial fixed assets28 | €251 | €251 | €251 | €251 | €251 | €251 | €251 | €251 | = |
| Current assets29/58 | €15,492 | €17,932 | €13,181 | €19,639 | €10,481 | €25,569 | €21,218 | €19,991 | ▼ 5.8% |
| Stocks and contracts in progress3 | €109 | €109 | €109 | €67 | €67 | €67 | €67 | - | - |
| Stocks30/36 | - | - | - | €67 | €67 | €67 | €67 | - | - |
| Amounts receivable within one year40/41 | €4,599 | €5,854 | €373 | €12,996 | €2,924 | €13,965 | €7,436 | €4,912 | ▼ 33.9% |
| Trade receivables40 | - | - | - | €11,929 | €952 | €9,187 | €3,965 | €2,504 | ▼ 36.9% |
| Other amounts receivable41 | - | - | - | €1,067 | €1,972 | €4,778 | €3,470 | €2,408 | ▼ 30.6% |
| Cash at bank and in hand54/58 | €10,784 | €11,969 | €12,699 | €6,576 | €7,490 | €11,537 | €13,716 | €15,080 | ▲ 9.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,126 | €66,391 | €62,278 | €56,732 | €35,569 | €34,770 | €30,080 | €29,685 | ▼ 1.3% |
| Equity10/15 | €7,059 | €11,123 | -€8,771 | €16,274 | €4,778 | €12,810 | €10,837 | €8,148 | ▼ 24.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,197 | €1,197 | €1,197 | €1,197 | €1,197 | €1,197 | €1,197 | €1,197 | = |
| Non-distributable reserves130/1 | - | - | - | €1,197 | €1,197 | €1,197 | €1,197 | €1,197 | = |
| Legal reserve130 | - | - | - | €1,197 | €1,197 | €1,197 | €1,197 | €1,197 | = |
| Profit (loss) carried forward14 | -€12,738 | -€8,673 | -€28,567 | -€3,522 | -€15,018 | -€6,986 | -€8,960 | -€11,649 | ▼ 30.0% |
| Amounts payable17/49 | €9,067 | €55,268 | €71,049 | €40,458 | €30,791 | €21,959 | €19,243 | €21,537 | ▲ 11.9% |
| Amounts payable after more than one year17 | - | €30,404 | €20,923 | €11,332 | €1,628 | - | - | - | - |
| Financial debts170/4 | - | - | - | €11,332 | €1,628 | - | - | - | - |
| Amounts payable within one year42/48 | €9,067 | €24,864 | €50,126 | €29,126 | €29,163 | €21,959 | €19,243 | €21,537 | ▲ 11.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,591 | €9,704 | €1,628 | - | - | - |
| Trade debts44 | €8,142 | €8,789 | €31,008 | €1,275 | €681 | €5,818 | €4,740 | €18,095 | ▲ 282% |
| Suppliers440/4 | - | - | - | €1,275 | €681 | €5,818 | €4,740 | €18,095 | ▲ 282% |
| Taxes, remuneration and social security45 | - | - | - | - | €2,617 | €2,852 | €2,852 | €3,442 | ▲ 20.7% |
| Taxes450/3 | - | - | - | - | - | - | - | €590 | - |
| Remuneration and social security454/9 | - | - | - | - | €2,617 | €2,852 | €2,852 | €2,852 | = |
| Other amounts payable47/48 | - | - | - | €18,260 | €16,161 | €11,661 | €11,651 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,499 | €4,064 | -€19,894 | €25,045 | -€11,496 | €8,032 | -€1,973 | -€2,689 | ▼ 36.3% |
| + Depreciation and write-downs630 | €780 | €12,196 | €18,105 | €12,004 | €12,004 | €15,888 | €339 | €469 | ▲ 38.4% |
| Operating cash flow (approximation) | €3,278 | €16,260 | -€1,789 | €37,049 | €508 | €23,920 | -€1,635 | -€2,220 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€60,021 | -€18,743 | €0 | €0 | €0 | -€0 | -€1,300 | ▼ 4,333,233% |
| Change in cash | - | €1,185 | €730 | -€6,122 | €914 | €4,047 | €2,178 | €1,364 | ▼ 37.4% |
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, 2,450 companies had the same profile as DIAZIMO has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
93.3%
was still going
5.1%
stopped otherwise
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DIAZIMO itself: 0.3% 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 2,450 companies, not a prediction for DIAZIMO. 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 | 31-07-2026 | 2026-00372721 | |
| 31-12-2024 | micro format | 16-08-2025 | 2025-00378308 | |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00370967 | |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00371555 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20335625 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66000481 | |
| 31-12-2019 | micro format | 08-12-2020 | 2020-74900082 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-62200175 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52600497 | |
| 31-12-2016 | micro format | 10-08-2017 | 2017-42100283 |