DIMAI
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 20-06-2026 at the NBB all 25 filings
Turnover
≈ €1.1m
Estimated: probably between €1.1m and €1.6m
Total assets
€515,027▲ 14.9%
2024 · €448,296
Net result
€41,228▼ 22.7%
2024 · €53,367
Working capital
€234,438▼ 11.8%
2024 · €265,927
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€60,450
▼ 20.5%
2025
20182025
Net result
€41,228
▼ 22.7%
2025
middle half of the sector
20182025
Equity
€306,592
▲ 0.7%
2025
highest quarter of the sector
20182025
Total assets
€515,027
▲ 14.9%
2025
middle half of the sector
20182025
Debt
€208,435
▲ 45.0%
2025
20182025
Working capital
€234,438
▼ 11.8%
2025
highest quarter of the sector
20182025
Solvency
59.5%
▼ 8.4pp
2025
highest quarter of the sector
20182025
Current ratio
2.76
▼ 0.54
2025
highest quarter of the sector
20182025
Return on assets (ROA)
8.0%
▼ 3.9pp
2025
middle half of the sector
20182025
Staff (FTE)
21.2
▲ 3.4%
2025
highest 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€124,775-€111,227▼ 10.9%€73,675▼ 33.8%€105,609▲ 43.3%€35,835▼ 66.1%€110,779▲ 209%€76,033▼ 31.4%€60,450▼ 20.5%
Net result€81,089-€79,300▼ 2.2%€56,675above the sector's middle half▼ 28.5%€88,293within the sector's middle half▲ 55.8%€25,613within the sector's middle half▼ 71.0%€75,601within the sector's middle half▲ 195%€53,367within the sector's middle half▼ 29.4%€41,228within the sector's middle half▼ 22.7%
Equity€81,360-€120,660▲ 48.3%€177,335within the sector's middle half▲ 47.0%€214,539within the sector's middle half▲ 21.0%€240,152within the sector's middle half▲ 11.9%€313,893within the sector's middle half▲ 30.7%€304,569within the sector's middle half▼ 3.0%€306,592above the sector's middle half▲ 0.7%
Total assets€270,031-€262,879▼ 2.6%€218,681within the sector's middle half▼ 16.8%€361,359within the sector's middle half▲ 65.2%€398,688within the sector's middle half▲ 10.3%€471,118within the sector's middle half▲ 18.2%€448,296within the sector's middle half▼ 4.8%€515,027within the sector's middle half▲ 14.9%
Debt€188,671-€142,219▼ 24.6%€41,346▼ 70.9%€146,820▲ 255%€158,536▲ 8.0%€157,226▼ 0.8%€143,727▼ 8.6%€208,435▲ 45.0%
Working capital€532-€42,766▲ 80×€110,867above the sector's middle half▲ 159%€159,404above the sector's middle half▲ 43.8%€174,917above the sector's middle half▲ 9.7%€259,083above the sector's middle half▲ 48.1%€265,927above the sector's middle half▲ 2.6%€234,438above the sector's middle half▼ 11.8%
Solvency30.1%-45.9%▲ 15.8pp81.1%above the sector's middle half▲ 35.2pp59.4%above the sector's middle half▼ 21.7pp60.2%above the sector's middle half▲ 0.9pp66.6%above the sector's middle half▲ 6.4pp67.9%above the sector's middle half▲ 1.3pp59.5%above the sector's middle half▼ 8.4pp
Current ratio1.00-1.32▲ 0.323.72above the sector's middle half▲ 2.402.13above the sector's middle half▼ 1.602.53above the sector's middle half▲ 0.403.09above the sector's middle half▲ 0.573.30above the sector's middle half▲ 0.202.76above the sector's middle half▼ 0.54
Return on assets (ROA)30.0%-30.2%▲ 0.1pp25.9%above the sector's middle half▼ 4.2pp24.4%above the sector's middle half▼ 1.5pp6.4%within the sector's middle half▼ 18.0pp16.0%above the sector's middle half▲ 9.6pp11.9%within the sector's middle half▼ 4.1pp8.0%within the sector's middle half▼ 3.9pp
Staff (FTE)13.9-15.3▲ 10.1%10within the sector's middle half▼ 34.6%13.8above the sector's middle half▲ 38.0%24above the sector's middle half▲ 73.9%24.7above the sector's middle half▲ 2.9%20.5above the sector's middle half▼ 17.0%21.2above the sector's middle half▲ 3.4%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 20% lower than in 2024. It is the second fall in a row.
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 €515,027
Fixed assets
€147,231 ▲ 121%
Current assets
€367,795 ▼ 3.6%
Equity and liabilities €515,027
Equity
€306,592 ▲ 0.7%
Debt
€208,435 ▲ 45.0%
Debt's share of the balance-sheet total rises from 32.1% to 40.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91,145▼
2024 · €104,519
Cash flow
€71,924▼
2024 · €81,852
Quick ratio
2.66▼
2024 · 3.18
Debt to equity
0.68▲
2024 · 0.47
ROE
13.4%▼
2024 · 17.5%
Interest coverage
12.55▼
2024 · 24.50
Debt ≤ 1 year
€133,357▲
2024 · €115,652
Debt > 1 year
€75,052▲
2024 · €28,046
Income taxes
€15,839▼
2024 · €21,713
Staff costs
€395,878▲
2024 · €377,861
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 | 7 | 6 | 5 | 6 | 6 |
| full-time | 5 | 6 | 5 | 6 | 6 |
| part-time | 2 | - | - | - | 0 |
| in full-time equivalents | 6.1 | 6 | 5 | 6 | 6 |
| Average over the year, in full-time equivalents | 13.8 | 24 | 24.7 | 20.5 | 21.2 |
| On a permanent contract | 6 | 6 | 5 | 6 | 6 |
| Joined | 1 | 0 | 0 | 1 | - |
| Left | 0 | 1 | 1 | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,348 | €64,958 | €10,156 | €10,438 | €111,210 |
| Intangible fixed assets | - | €4,855 | - | - | - |
| Depreciation and write-downs of the year | €19,734 | €20,835 | €31,069 | €28,485 | €30,696 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €111 | €4,500 | - | €8,400 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €212,398 | €371,352 | €381,591 | €377,861 | €395,878 | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,465 | €32,434 | €25,075 | €19,734 | €20,835 | €31,069 | €28,485 | €30,696 | ▲ 7.8% |
| Other operating charges640/8 | - | - | - | €2,716 | €4,299 | €3,929 | €4,002 | €3,578 | ▼ 10.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €194 | €0 | ▼ 100% |
| Gross operating margin9900 | €368,789 | €386,586 | €206,098 | €340,457 | €432,321 | €527,369 | €486,577 | €490,602 | ▲ 0.8% |
| Operating profit (loss)9901 | €124,775 | €111,227 | €73,675 | €105,609 | €35,835 | €110,779 | €76,033 | €60,450 | ▼ 20.5% |
| Financial income75/76B | - | - | - | €928 | €1,468 | €2,062 | €3,314 | €4,540 | ▲ 37.0% |
| Recurring financial income75 | €2,067 | €2,413 | €305 | €588 | €1,468 | €2,062 | €3,314 | €4,540 | ▲ 37.0% |
| Non-recurring financial income76B | - | - | - | €340 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,406 | €2,622 | €4,475 | €4,267 | €7,922 | ▲ 85.7% |
| Recurring financial charges65 | €6,090 | €4,899 | €1,924 | €1,949 | €2,505 | €4,429 | €4,267 | €7,262 | ▲ 70.2% |
| Non-recurring financial charges66B | - | - | - | €457 | €118 | €46 | - | €660 | - |
| Profit (loss) for the period before taxes9903 | €120,600 | €108,740 | €72,056 | €104,130 | €34,681 | €108,366 | €75,080 | €57,067 | ▼ 24.0% |
| Income taxes67/77 | €39,511 | €29,440 | €15,381 | €15,838 | €9,068 | €32,766 | €21,713 | €15,839 | ▼ 27.1% |
| Profit (loss) for the period9904 | €81,089 | €79,300 | €56,675 | €88,293 | €25,613 | €75,601 | €53,367 | €41,228 | ▼ 22.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €164 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €81,020 | €79,205 | €56,675 | €88,457 | €25,613 | €75,601 | €53,367 | €41,228 | ▼ 22.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €270,031 | €262,879 | €218,681 | €361,359 | €398,688 | €471,118 | €448,296 | €515,027 | ▲ 14.9% |
| Fixed assets21/28 | €110,620 | €87,965 | €67,059 | €60,283 | €109,262 | €88,348 | €66,717 | €147,231 | ▲ 121% |
| Intangible fixed assets21 | - | €2,000 | €1,000 | - | €3,623 | €2,005 | €387 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €110,620 | €85,965 | €66,059 | €60,283 | €105,638 | €86,343 | €66,330 | €147,231 | ▲ 122% |
| Land and buildings22 | - | - | - | - | - | €1,677 | €1,282 | €887 | ▼ 30.8% |
| Plant, machinery and equipment23 | - | - | - | €47,495 | €44,479 | €38,498 | €25,653 | €119,657 | ▲ 366% |
| Furniture and vehicles24 | - | - | - | €6,328 | €6,824 | €3,198 | €2,179 | €1,160 | ▼ 46.8% |
| Leasing and similar rights25 | - | - | - | €6,460 | €54,336 | €42,970 | €37,217 | €25,528 | ▼ 31.4% |
| Current assets29/58 | €159,411 | €174,914 | €151,623 | €301,076 | €289,427 | €382,770 | €381,579 | €367,795 | ▼ 3.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €100,000 | €75,000 | €50,000 | €25,000 | ▼ 50.0% |
| Other amounts receivable291 | - | - | - | - | €100,000 | €75,000 | €50,000 | €25,000 | ▼ 50.0% |
| Stocks and contracts in progress3 | €16,556 | €17,855 | €17,185 | €13,316 | €9,563 | €16,138 | €13,867 | €13,622 | ▼ 1.8% |
| Stocks30/36 | - | - | - | €13,316 | €9,563 | €16,138 | €13,867 | €13,622 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €4,370 | €6,220 | €20,684 | €15,748 | €40,768 | €32,721 | €19,935 | €22,780 | ▲ 14.3% |
| Trade receivables40 | - | - | - | €6,962 | €16,861 | €14,724 | €14,402 | €4,636 | ▼ 67.8% |
| Other amounts receivable41 | - | - | - | €8,786 | €23,908 | €17,998 | €5,533 | €18,145 | ▲ 228% |
| Current investments50/53 | - | - | - | - | - | €100,000 | €100,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €111,353 | €142,397 | €94,315 | €259,327 | €120,769 | €139,776 | €177,753 | €287,194 | ▲ 61.6% |
| Deferred charges and accrued income490/1 | - | - | - | €12,684 | €18,326 | €19,135 | €20,024 | €19,200 | ▼ 4.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €270,031 | €262,879 | €218,681 | €361,359 | €398,688 | €471,118 | €448,296 | €515,027 | ▲ 14.9% |
| Equity10/15 | €81,360 | €120,660 | €177,335 | €214,539 | €240,152 | €313,893 | €304,569 | €306,592 | ▲ 0.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €62,760 | €102,060 | €158,735 | €195,939 | €221,552 | €295,293 | €285,969 | €287,992 | ▲ 0.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €194,079 | €219,692 | €295,293 | €285,969 | €287,992 | ▲ 0.7% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €188,671 | €142,219 | €41,346 | €146,820 | €158,536 | €157,226 | €143,727 | €208,435 | ▲ 45.0% |
| Amounts payable after more than one year17 | €29,792 | €10,071 | €590 | €5,148 | €44,026 | €33,495 | €28,046 | €75,052 | ▲ 168% |
| Financial debts170/4 | - | - | - | €5,148 | €44,026 | €33,495 | €28,046 | €75,052 | ▲ 168% |
| Amounts payable within one year42/48 | €158,879 | €132,148 | €40,756 | €141,672 | €114,510 | €123,687 | €115,652 | €133,357 | ▲ 15.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,312 | €10,057 | €10,531 | €11,011 | €26,789 | ▲ 143% |
| Financial debts43 | - | - | - | €6,709 | €8,393 | €8,489 | €8,496 | €8,471 | ▼ 0.3% |
| Credit institutions430/8 | - | - | - | €6,709 | €8,393 | €8,489 | €8,496 | €8,471 | ▼ 0.3% |
| Trade debts44 | €42,498 | €50,271 | €24,572 | €48,658 | €55,955 | €56,145 | €41,696 | €52,903 | ▲ 26.9% |
| Suppliers440/4 | - | - | - | €48,658 | €55,955 | €56,145 | €41,696 | €52,903 | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | - | - | €33,904 | €40,104 | €46,662 | €52,590 | €45,194 | ▼ 14.1% |
| Taxes450/3 | - | - | - | €23,335 | €1,333 | €3,605 | €8,170 | €120 | ▼ 98.5% |
| Remuneration and social security454/9 | - | - | - | €10,569 | €38,772 | €43,057 | €44,419 | €45,074 | ▲ 1.5% |
| Other amounts payable47/48 | - | - | - | €51,089 | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €43 | €28 | €26 | ▼ 9.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,089 | €79,300 | €56,675 | €88,293 | €25,613 | €75,601 | €53,367 | €41,228 | ▼ 22.7% |
| + Depreciation and write-downs630 | €26,465 | €32,434 | €25,075 | €19,734 | €20,835 | €31,069 | €28,485 | €30,696 | ▲ 7.8% |
| Operating cash flow (approximation) | €107,554 | €111,735 | €81,750 | €108,027 | €46,448 | €106,670 | €81,852 | €71,924 | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | -€9,779 | -€4,169 | -€12,958 | -€69,813 | -€10,156 | -€6,854 | -€111,210 | ▼ 1,523% |
| Change in cash | - | €31,044 | -€48,082 | €165,013 | -€138,558 | €19,006 | €37,978 | €109,441 | ▲ 188% |
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, 20,136 companies had the same profile as DIMAI has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of DIMAI 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 20,136 companies, not a prediction for DIMAI. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-06-2026 | 2026-00185061 | |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00160310 | |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00142964 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00259150 | |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20175314 | |
| 31-12-2020 | abbreviated format | 24-07-2021 | 2021-39800327 | |
| 31-12-2019 | abbreviated format | 24-06-2020 | 2020-20000019 | |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-41300030 | |
| 31-12-2017 | micro format | 30-05-2018 | 2018-15900211 | |
| 31-12-2016 | micro format | 01-06-2017 | 2017-15700348 |