DIMA
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 18-02-2026 PDF all 43 filings
Turnover
€161,184
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€6,596
2024 · €138,655
Working capital
€432,091▲ 9.0%
2024 · €396,556
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€1,023
▼ 99.5%
2025
20192025
Net result
-€6,596
2025
middle half of the sector
20192025
Equity
€1.1m
▼ 0.6%
2025
middle half of the sector
20192025
Total assets
€1.1m
▼ 1.8%
2025
middle half of the sector
20192025
Debt
€15,763
▼ 44.6%
2025
20192025
Working capital
€432,091
▲ 9.0%
2025
highest quarter of the sector
20192025
Solvency
97.3%
▲ 1.2pp
2025
highest quarter of the sector
20192025
Current ratio
28.41
▲ 5.59
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-0.6%
▼ 12.6pp
2025
middle half of the sector
20192025
Staff (FTE)
0
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.2m-
Operating result€0.9m--€0.02m-€0.02m▲ 21.3%-€0.04m▼ 126%€0.05m€0.2m▲ 317%€0.001m▼ 99.5%
Net result€0.7m--€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▼ 20.5%-€0.04mbelow the sector's middle half▼ 93.9%-€0.01mwithin the sector's middle half▲ 74.0%€0.1mabove the sector's middle half-€0.007mwithin the sector's middle half
Equity€2.0m-€1.1mwithin the sector's middle half▼ 45.5%€1.1mwithin the sector's middle half▼ 0.4%€1.0mwithin the sector's middle half▼ 10.1%€1.0mwithin the sector's middle half▼ 1.2%€1.1mwithin the sector's middle half▲ 14.3%€1.1mwithin the sector's middle half▼ 0.6%
Total assets€2.5m-€2.2mwithin the sector's middle half▼ 13.1%€1.2mwithin the sector's middle half▼ 43.7%€1.2mwithin the sector's middle half▼ 4.9%€1.0mwithin the sector's middle half▼ 12.0%€1.2mwithin the sector's middle half▲ 11.1%€1.1mwithin the sector's middle half▼ 1.8%
Debt€0.4m-€1.0m▲ 132%€0.1m▼ 90.6%€0.1m▲ 53.9%€0.05m▼ 66.3%€0.03m▼ 43.7%€0.02m▼ 44.6%
Working capital€0.9m-€0.08mwithin the sector's middle half▼ 92.0%€0.1mwithin the sector's middle half▲ 38.3%€0.04mwithin the sector's middle half▼ 57.3%€0.2mwithin the sector's middle half▲ 350%€0.4mwithin the sector's middle half▲ 96.5%€0.4mabove the sector's middle half▲ 9.0%
Solvency79.3%-49.7%within the sector's middle half▼ 29.6pp87.9%above the sector's middle half▲ 38.2pp83.2%above the sector's middle half▼ 4.7pp93.4%above the sector's middle half▲ 10.2pp96.1%above the sector's middle half▲ 2.7pp97.3%above the sector's middle half▲ 1.2pp
Current ratio3.69-1.08within the sector's middle half▼ 2.613.21above the sector's middle half▲ 2.131.40within the sector's middle half▼ 1.818.53above the sector's middle half▲ 7.1322.82above the sector's middle half▲ 14.2928.41above the sector's middle half▲ 5.59
Return on assets (ROA)26.1%--0.8%below the sector's middle half▼ 26.9pp-1.8%below the sector's middle half▼ 1.0pp-3.7%below the sector's middle half▼ 1.9pp-1.1%within the sector's middle half▲ 2.6pp12.0%above the sector's middle half▲ 13.1pp-0.6%within the sector's middle half▼ 12.6pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half0within 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 99% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€684,071 ▼ 7.3%
Current assets
€447,854 ▲ 8.0%
Equity and liabilities €1.1m
Equity
€1.1m ▼ 0.6%
Provisions
€15,237 ▼ 7.7%
Debt
€15,763 ▼ 44.6%
Debt's share of the balance-sheet total falls from 2.5% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€54,686▼
2024 · €244,090
Cash flow
€47,066▼
2024 · €192,825
Debt to equity
0.01▼
2024 · 0.03
ROE
-0.6%▼
2024 · 12.5%
Interest coverage
54.50▼
2024 · over 100
Debt ≤ 1 year
€15,763▼
2024 · €18,175
Debt > 1 year
€0▼
2024 · €10,265
Income taxes
€8,144▼
2024 · €52,703
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €49,823 | €36,899 | €23,716 | €10,265 |
| Mortgages, amount registered | €406,010 | €406,010 | €406,010 | €406,010 |
| Carrying value of the mortgaged assets | €473,150 | €473,150 | €473,150 | €473,150 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Financial fixed assets | €2,908 | - | - | - |
| Depreciation and write-downs of the year | €69,391 | €57,741 | €54,170 | €53,663 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €161,184 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €561 | €1 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,136 | €74,204 | €71,803 | €69,391 | €57,741 | €54,170 | €53,663 | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | €21,822 | €23,797 | €24,618 | €21,752 | ▼ 11.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,694 | €0 | ▼ 100% |
| Gross operating margin9900 | - | €70,177 | €73,879 | €47,839 | €127,093 | €270,402 | €76,438 | ▼ 71.7% |
| Operating profit (loss)9901 | €942,800 | -€24,352 | -€19,166 | -€43,374 | €45,554 | €189,920 | €1,023 | ▼ 99.5% |
| Financial income75/76B | - | - | - | €1,874 | €1,191 | €1,341 | €262 | ▼ 80.5% |
| Recurring financial income75 | €5,818 | €14,534 | €7,674 | €1,874 | €1,191 | €1,341 | €262 | ▼ 80.5% |
| Financial charges65/66B | - | - | - | €1,699 | €61,370 | €1,169 | €1,003 | ▼ 14.2% |
| Recurring financial charges65 | €3,150 | €2,213 | €2,668 | €1,699 | €61,370 | €1,169 | €1,003 | ▼ 14.2% |
| Debt charges650 | €3,150 | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €945,487 | -€12,032 | -€14,161 | -€43,200 | -€14,625 | €190,093 | €282 | ▼ 99.9% |
| Transfer from deferred taxes780 | - | - | - | €4,023 | €30,345 | €1,265 | €1,266 | = |
| Income taxes67/77 | €297,511 | €12,127 | €12,388 | €4,510 | €27,088 | €52,703 | €8,144 | ▼ 84.5% |
| Profit (loss) for the period9904 | €660,525 | -€18,689 | -€22,526 | -€43,687 | -€11,368 | €138,655 | -€6,596 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €12,069 | €91,036 | €3,796 | €3,798 | = |
| Profit (loss) for the period to be appropriated9905 | €684,895 | -€8,066 | -€10,457 | -€31,617 | €79,668 | €142,452 | -€2,798 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.5m | €2.2m | €1.2m | €1.2m | €1.0m | €1.2m | €1.1m | ▼ 1.8% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.0m | €0.8m | €0.7m | €0.7m | ▼ 7.3% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.0m | €0.8m | €0.7m | €0.7m | ▼ 7.3% |
| Land and buildings22 | - | - | - | €1.0m | €0.8m | €0.7m | €0.7m | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0 | - | - | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.005m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €1.3m | €1.0m | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | ▲ 8.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.03m | €0.04m | €0.02m | €0.02m | €0.004m | €0.03m | €0.001m | ▼ 96.6% |
| Trade receivables40 | - | - | - | €0.004m | €0.004m | €0.02m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.001m | €0.009m | €0.001m | ▼ 87.4% |
| Current investments50/53 | €17 | €17 | €17 | €17 | €17 | €0 | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.04m | €0.08m | €0.02m | €0.2m | €0.4m | €0.4m | ▲ 16.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.5m | €2.2m | €1.2m | €1.2m | €1.0m | €1.2m | €1.1m | ▼ 1.8% |
| Equity10/15 | €2.0m | €1.1m | €1.1m | €1.0m | €1.0m | €1.1m | €1.1m | ▼ 0.6% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 20.3% |
| Reserves13 | €0.7m | €0.5m | €0.6m | €0.5m | €0.4m | €0.6m | €0.7m | ▲ 3.1% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.05m | €0.05m | €0.05m | ▼ 7.7% |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.6m | €0.6m | ▲ 4.3% |
| Profit (loss) carried forward14 | €0.7m | €0 | -€0.01m | €0 | €0.04m | €0 | - | - |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.05m | €0.05m | €0.02m | €0.02m | €0.02m | ▼ 7.7% |
| Deferred taxes168 | - | - | - | €0.05m | €0.02m | €0.02m | €0.02m | ▼ 7.7% |
| Amounts payable17/49 | €0.4m | €1.0m | €0.1m | €0.1m | €0.05m | €0.03m | €0.02m | ▼ 44.6% |
| Amounts payable after more than one year17 | €0.09m | €0.07m | €0.05m | €0.04m | €0.02m | €0.01m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.04m | €0.02m | €0.01m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.4m | €1.0m | €0.05m | €0.1m | €0.03m | €0.02m | €0.02m | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 23.7% |
| Trade debts44 | €0.02m | €0.03m | €0.02m | €0.03m | €0.006m | €0.004m | €0.001m | ▼ 60.7% |
| Suppliers440/4 | - | - | - | €0.03m | €0.006m | €0.004m | €0.001m | ▼ 60.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.007m | €0 | €0.003m | - |
| Taxes450/3 | - | - | - | €19 | €0.007m | €0 | €0.003m | - |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.001m | €0.001m | €0.001m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €660,525 | -€18,689 | -€22,526 | -€43,687 | -€11,368 | €138,655 | -€6,596 | - |
| + Depreciation and write-downs630 | €84,136 | €74,204 | €71,803 | €69,391 | €57,741 | €54,170 | €53,663 | ▼ 0.9% |
| Operating cash flow (approximation) | €744,660 | €55,515 | €49,278 | €25,704 | €46,374 | €192,825 | €47,066 | ▼ 75.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,908 | €154,150 | €16,609 | €0 | ▼ 100% |
| Change in cash | - | -€346,854 | €32,646 | -€58,517 | €207,468 | €158,554 | €63,906 | ▼ 59.7% |
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, 8,617 companies had the same profile as DIMA has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DIMA 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 8,617 companies, not a prediction for DIMA. 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 43 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 18-02-2026 | 2026-00039899 | |
| 30-09-2024 | abbreviated format | 31-03-2025 | 2025-00058029 | |
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00071622 | |
| 30-09-2022 | abbreviated format | 13-03-2023 | 2023-00038423 | |
| 30-09-2021 | abbreviated format | 11-03-2022 | 2022-07300543 | |
| 30-09-2020 | abbreviated format | 29-04-2021 | 2021-11700059 | |
| 30-09-2019 | full format | 18-03-2020 | 2020-06900036 | |
| 30-09-2018 | full format | 14-03-2019 | 2019-06900088 | |
| 30-09-2017 | full format | 14-03-2018 | 2018-06700309 | |
| 30-09-2016 | full format | 28-03-2017 | 2017-07300163 |