Dimas Technics
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 4 filings
Turnover
≈ €200,000
Estimated: probably between €140,000 and €310,000
Total assets
€539,451▲ 83.8%
2024 · €293,529
Net result
€5,659▼ 68.8%
2024 · €18,118
Working capital
-€47,115▼ 385%
2024 · -€9,718
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€14,559
▼ 46.6%
2025
20222025
Net result
€5,659
▼ 68.8%
2025
middle half of the sector
20222025
Equity
€40,936
▲ 16.0%
2025
middle half of the sector
20222025
Total assets
€539,451
▲ 83.8%
2025
highest quarter of the sector
20222025
Debt
€498,516
▲ 93.0%
2025
20222025
Working capital
-€47,115
▼ 385%
2025
lowest quarter of the sector
20222025
Solvency
7.6%
▼ 4.4pp
2025
lowest quarter of the sector
20222025
Current ratio
0.71
▼ 0.16
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
1.0%
▼ 5.1pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€22,957--€5,513€27,257€14,559▼ 46.6%
Net result€24,355within the sector's middle half--€11,397below the sector's middle half€18,118within the sector's middle half€5,659within the sector's middle half▼ 68.8%
Equity€28,555within the sector's middle half-€17,158below the sector's middle half▼ 39.9%€35,277within the sector's middle half▲ 106%€40,936within the sector's middle half▲ 16.0%
Total assets€297,827within the sector's middle half-€269,213within the sector's middle half▼ 9.6%€293,529within the sector's middle half▲ 9.0%€539,451above the sector's middle half▲ 83.8%
Debt€269,273-€252,055▼ 6.4%€258,252▲ 2.5%€498,516▲ 93.0%
Working capital-€40,936below the sector's middle half--€34,728below the sector's middle half▲ 15.2%-€9,718below the sector's middle half▲ 72.0%-€47,115below the sector's middle half▼ 385%
Solvency9.6%below the sector's middle half-6.4%below the sector's middle half▼ 3.2pp12.0%below the sector's middle half▲ 5.6pp7.6%below the sector's middle half▼ 4.4pp
Current ratio0.60below the sector's middle half-0.48below the sector's middle half▼ 0.130.88below the sector's middle half▲ 0.400.71below the sector's middle half▼ 0.16
Return on assets (ROA)8.2%within the sector's middle half--4.2%below the sector's middle half▼ 12.4pp6.2%within the sector's middle half▲ 10.4pp1.0%within the sector's middle half▼ 5.1pp
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 47% lower than in 2024.
Turnover and EBIT margin are not published. The micro 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 €539,451
Fixed assets
€422,056 ▲ 87.9%
Current assets
€117,395 ▲ 70.3%
Equity and liabilities €539,451
Equity
€40,936 ▲ 16.0%
Debt
€498,516 ▲ 93.0%
Debt's share of the balance-sheet total rises from 88.0% to 92.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,378▼
2024 · €49,620
Cash flow
€29,478▼
2024 · €40,482
Quick ratio
0.68▼
2024 · 0.82
Debt to equity
12.18▲
2024 · 7.32
ROE
13.8%▼
2024 · 51.4%
Interest coverage
5.82▼
2024 · 11.78
Debt ≤ 1 year
€164,510▲
2024 · €78,666
Debt > 1 year
€317,393▲
2024 · €168,277
Income taxes
€2,334▼
2024 · €5,159
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | €27,500 | - |
| Mortgage mandates | - | - | €133,100 | - |
| Carrying value of the mortgaged assets | - | - | €166,737 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €240,817 | €23,634 | €9,376 | €221,295 |
| Depreciation and write-downs of the year | €5,087 | €21,795 | €22,364 | €23,819 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €3,500 awarded · €3,500 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €950 | €1,900 |
| 2023 | 1 | €1,900 | €950 |
| 2022 | 1 | €650 | €650 |
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,087 | €21,795 | €22,364 | €23,819 | ▲ 6.5% |
| Other operating charges640/8 | €5,723 | €778 | €1,410 | €4,543 | ▲ 222% |
| Gross operating margin9900 | €33,768 | €17,059 | €51,031 | €42,921 | ▼ 15.9% |
| Operating profit (loss)9901 | €22,957 | -€5,513 | €27,257 | €14,559 | ▼ 46.6% |
| Financial income75/76B | €3,459 | €6 | €233 | €32 | ▼ 86.4% |
| Recurring financial income75 | €3,459 | €6 | €233 | €32 | ▼ 86.4% |
| Financial charges65/66B | €1,867 | €5,685 | €4,213 | €6,597 | ▲ 56.6% |
| Recurring financial charges65 | €1,867 | €5,685 | €4,213 | €6,597 | ▲ 56.6% |
| Profit (loss) for the period before taxes9903 | €24,549 | -€11,192 | €23,277 | €7,994 | ▼ 65.7% |
| Income taxes67/77 | €195 | €205 | €5,159 | €2,334 | ▼ 54.8% |
| Profit (loss) for the period9904 | €24,355 | -€11,397 | €18,118 | €5,659 | ▼ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €24,355 | -€11,397 | €18,118 | €5,659 | ▼ 68.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €297,827 | €269,213 | €293,529 | €539,451 | ▲ 83.8% |
| Fixed assets21/28 | €235,730 | €237,569 | €224,581 | €422,056 | ▲ 87.9% |
| Tangible fixed assets22/27 | €235,730 | €237,569 | €224,581 | €422,056 | ▲ 87.9% |
| Land and buildings22 | €167,500 | €172,799 | €166,737 | €380,504 | ▲ 128% |
| Plant, machinery and equipment23 | €24,735 | €28,939 | €32,067 | €25,413 | ▼ 20.8% |
| Furniture and vehicles24 | €43,494 | €35,830 | €25,777 | €16,139 | ▼ 37.4% |
| Current assets29/58 | €62,098 | €31,644 | €68,948 | €117,395 | ▲ 70.3% |
| Stocks and contracts in progress3 | €7,614 | €19,024 | €4,673 | €4,775 | ▲ 2.2% |
| Stocks30/36 | €4,754 | €14,639 | €4,673 | €4,775 | ▲ 2.2% |
| Contracts in progress37 | €2,860 | €4,385 | €0 | - | - |
| Amounts receivable within one year40/41 | €48,255 | €6,497 | €37,152 | €79,516 | ▲ 114% |
| Trade receivables40 | €3,092 | €6,497 | €31,160 | €22,298 | ▼ 28.4% |
| Other amounts receivable41 | €45,164 | - | €5,992 | €57,218 | ▲ 855% |
| Cash at bank and in hand54/58 | €6,052 | €5,728 | €27,123 | €32,481 | ▲ 19.8% |
| Deferred charges and accrued income490/1 | €176 | €395 | €0 | €623 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €297,827 | €269,213 | €293,529 | €539,451 | ▲ 83.8% |
| Equity10/15 | €28,555 | €17,158 | €35,277 | €40,936 | ▲ 16.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contributions outside capital11 | €5,000 | €5,000 | - | - | - |
| Other1109/19 | €5,000 | €5,000 | - | - | - |
| Reserves13 | - | - | €30,277 | €35,936 | ▲ 18.7% |
| Distributable reserves133 | - | - | €30,277 | €35,936 | ▲ 18.7% |
| Profit (loss) carried forward14 | €23,555 | €12,158 | €0 | - | - |
| Amounts payable17/49 | €269,273 | €252,055 | €258,252 | €498,516 | ▲ 93.0% |
| Amounts payable after more than one year17 | €166,239 | €185,682 | €168,277 | €317,393 | ▲ 88.6% |
| Financial debts170/4 | €166,239 | €185,682 | €168,277 | €317,393 | ▲ 88.6% |
| Amounts payable within one year42/48 | €103,034 | €66,373 | €78,666 | €164,510 | ▲ 109% |
| Current portion of amounts payable after more than one year42 | €11,938 | €11,628 | €20,357 | €26,884 | ▲ 32.1% |
| Financial debts43 | - | €1,139 | €0 | €5,055 | - |
| Credit institutions430/8 | - | - | €0 | €5,055 | - |
| Other loans439 | - | €1,139 | - | - | - |
| Trade debts44 | €4,326 | €8,607 | €23,644 | €10,291 | ▼ 56.5% |
| Suppliers440/4 | €4,326 | €8,607 | €23,644 | €10,291 | ▼ 56.5% |
| Advances received on contracts in progress46 | - | - | €0 | - | - |
| Taxes, remuneration and social security45 | €7,261 | €4,818 | €2,342 | €3,592 | ▲ 53.4% |
| Taxes450/3 | €3,961 | €4,818 | €742 | €203 | ▼ 72.7% |
| Remuneration and social security454/9 | €3,300 | - | €1,600 | €3,389 | ▲ 112% |
| Other amounts payable47/48 | €79,509 | €40,181 | €32,323 | €118,688 | ▲ 267% |
| Accrued charges and deferred income492/3 | - | - | €11,309 | €16,613 | ▲ 46.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,355 | -€11,397 | €18,118 | €5,659 | ▼ 68.8% |
| + Depreciation and write-downs630 | €5,087 | €21,795 | €22,364 | €23,819 | ▲ 6.5% |
| Operating cash flow (approximation) | €29,442 | €10,398 | €40,482 | €29,478 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | -€23,634 | -€9,376 | -€221,295 | ▼ 2,260% |
| Change in cash | - | -€324 | €21,395 | €5,358 | ▼ 75.0% |
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, 1,603 companies had the same profile as Dimas Technics has now. Two years later, 96.1% were still going and 1.9% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
96.1%
was still going
1.8%
stopped otherwise
1.9%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Dimas Technics itself: 1.6% 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 1,603 companies, not a prediction for Dimas Technics. 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.