EKA IMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 7 filings
Turnover
≈ €87,000
Estimated: probably between €42,000 and €150,000
Total assets
€649,461▼ 0.5%
2024 · €652,942
Net result
-€31,272
2024 · €24,824
Working capital
€106,507▼ 36.4%
2024 · €167,380
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€30,013
2025
20192025
Net result
-€31,272
2025
lowest quarter of the sector
20192025
Equity
€342,972
2025
highest quarter of the sector
20192025
Total assets
€649,461
▼ 0.5%
2025
highest quarter of the sector
20192025
Debt
€306,490
▼ 60.3%
2025
20192025
Working capital
€106,507
▼ 36.4%
2025
highest quarter of the sector
20192025
Solvency
52.8%
▲ 71.0pp
2025
middle half of the sector
20192025
Current ratio
2.82
▼ 6.81
2025
middle half of the sector
20192025
Return on assets (ROA)
-4.8%
▼ 8.6pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€68,088--€19,489▲ 71.4%-€13,310▲ 31.7%-€13,853▼ 4.1%€12,068€26,251▲ 118%-€30,013
Net result-€88,274--€27,220below the sector's middle half▲ 69.2%-€21,917below the sector's middle half▲ 19.5%-€22,347below the sector's middle half▼ 2.0%€3,777within the sector's middle half€24,824within the sector's middle half▲ 557%-€31,272below the sector's middle half
Equity-€75,874--€103,094below the sector's middle half▼ 35.9%-€125,011below the sector's middle half▼ 21.3%-€147,357below the sector's middle half▼ 17.9%-€143,580below the sector's middle half▲ 2.6%-€118,756below the sector's middle half▲ 17.3%€342,972above the sector's middle half
Total assets€440,669-€689,221above the sector's middle half▲ 56.4%€665,181above the sector's middle half▼ 3.5%€655,535above the sector's middle half▼ 1.5%€641,381above the sector's middle half▼ 2.2%€652,942above the sector's middle half▲ 1.8%€649,461above the sector's middle half▼ 0.5%
Debt€516,543-€792,315▲ 53.4%€790,192▼ 0.3%€802,892▲ 1.6%€784,961▼ 2.2%€771,698▼ 1.7%€306,490▼ 60.3%
Working capital€2,025-€21,772within the sector's middle half▲ 975%€15,629within the sector's middle half▼ 28.2%€184,951above the sector's middle half▲ 12×€182,882above the sector's middle half▼ 1.1%€167,380above the sector's middle half▼ 8.5%€106,507above the sector's middle half▼ 36.4%
Solvency-17.2%--15.0%below the sector's middle half▲ 2.3pp-18.8%below the sector's middle half▼ 3.8pp-22.5%below the sector's middle half▼ 3.7pp-22.4%below the sector's middle half▲ 0.1pp-18.2%below the sector's middle half▲ 4.2pp52.8%within the sector's middle half▲ 71.0pp
Current ratio1.23-2.10within the sector's middle half▲ 0.871.73within the sector's middle half▼ 0.3711.16above the sector's middle half▲ 9.449.53above the sector's middle half▼ 1.639.63above the sector's middle half▲ 0.102.82within the sector's middle half▼ 6.81
Return on assets (ROA)-20.0%--3.9%below the sector's middle half▲ 16.1pp-3.3%below the sector's middle half▲ 0.7pp-3.4%below the sector's middle half▼ 0.1pp0.6%within the sector's middle half▲ 4.0pp3.8%within the sector's middle half▲ 3.2pp-4.8%below the sector's middle half▼ 8.6pp
above
within
below
The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). 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 €30,013, after a profit of €26,251 in 2024. It is the lowest result since 2021.
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 €649,461
Fixed assets
€484,396 ▲ 3.9%
Current assets
€165,066 ▼ 11.6%
Equity and liabilities €649,461
Equity
€342,972
Debt
€306,490
Debt's share of the balance-sheet total is 47.2%.
Key figures and ratios
EBITDA
€11,787▼
2024 · €55,102
Cash flow
€10,528▼
2024 · €53,674
Debt to equity
0.89
ROE
-9.1%
Interest coverage
13.29▼
2024 · 52.90
Debt ≤ 1 year
€58,559▲
2024 · €19,392
Debt > 1 year
€216,175▼
2024 · €720,550
Income taxes
€372▼
2024 · €386
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 | €15,925 | €12,999 | €9,863 | €57,957 | €60,026 |
| Depreciation and write-downs of the year | €35,519 | €188,639 | €25,182 | €28,851 | €41,800 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €175,000 | €101,077 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,799 | €28,908 | €35,519 | €188,639 | €25,182 | €28,851 | €41,800 | ▲ 44.9% |
| Other operating charges640/8 | - | - | €4,929 | €5,151 | €6,003 | €5,889 | €4,735 | ▼ 19.6% |
| Non-recurring operating charges66A | - | - | - | €15,067 | €57,080 | - | - | - |
| Gross operating margin9900 | -€34,075 | €12,131 | €27,139 | €195,003 | €100,333 | €60,991 | €16,523 | ▼ 72.9% |
| Operating profit (loss)9901 | -€68,088 | -€19,489 | -€13,310 | -€13,853 | €12,068 | €26,251 | -€30,013 | - |
| Financial income75/76B | - | - | - | €38 | €3 | - | - | - |
| Recurring financial income75 | €13 | €61 | - | €38 | €3 | - | - | - |
| Financial charges65/66B | - | - | €8,288 | €8,146 | €7,915 | €1,042 | €887 | ▼ 14.8% |
| Recurring financial charges65 | €19,655 | €7,420 | €8,288 | €8,146 | €7,915 | €1,042 | €887 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€87,730 | -€26,848 | -€21,597 | -€21,961 | €4,155 | €25,210 | -€30,900 | - |
| Income taxes67/77 | €544 | €372 | €319 | €386 | €378 | €386 | €372 | ▼ 3.6% |
| Profit (loss) for the period9904 | -€88,274 | -€27,220 | -€21,917 | -€22,347 | €3,777 | €24,824 | -€31,272 | - |
| Profit (loss) for the period to be appropriated9905 | -€88,274 | -€27,220 | -€21,917 | -€22,347 | €3,777 | €24,824 | -€31,272 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €440,669 | €689,221 | €665,181 | €655,535 | €641,381 | €652,942 | €649,461 | ▼ 0.5% |
| Fixed assets21/28 | €429,744 | €647,617 | €628,023 | €452,383 | €437,064 | €466,170 | €484,396 | ▲ 3.9% |
| Tangible fixed assets22/27 | €429,744 | €647,617 | €628,023 | €452,383 | €437,064 | €466,170 | €484,396 | ▲ 3.9% |
| Land and buildings22 | - | - | €624,025 | €444,707 | €423,403 | €404,877 | €385,640 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | €1,497 | €7,677 | €5,707 | €56,016 | €52,379 | ▼ 6.5% |
| Furniture and vehicles24 | - | - | €2,500 | - | €7,953 | €5,277 | €46,377 | ▲ 779% |
| Current assets29/58 | €10,926 | €41,604 | €37,158 | €203,152 | €204,317 | €186,771 | €165,066 | ▼ 11.6% |
| Amounts receivable within one year40/41 | €1,852 | €2,871 | €723 | €486 | €4,091 | €18,938 | €15,169 | ▼ 19.9% |
| Trade receivables40 | - | - | €723 | - | €4,091 | €18,938 | €15,169 | ▼ 19.9% |
| Other amounts receivable41 | - | - | - | €486 | - | - | - | - |
| Cash at bank and in hand54/58 | €9,074 | €36,054 | €33,446 | €23,963 | €197,686 | €167,833 | €149,896 | ▼ 10.7% |
| Deferred charges and accrued income490/1 | - | - | €2,989 | €178,703 | €2,540 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €440,669 | €689,221 | €665,181 | €655,535 | €641,381 | €652,942 | €649,461 | ▼ 0.5% |
| Equity10/15 | -€75,874 | -€103,094 | -€125,011 | -€147,357 | -€143,580 | -€118,756 | €342,972 | - |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €505,400 | ▲ 41× |
| Profit (loss) carried forward14 | -€88,274 | -€115,494 | -€137,411 | -€159,757 | -€155,980 | -€131,156 | -€162,428 | ▼ 23.8% |
| Amounts payable17/49 | €516,543 | €792,315 | €790,192 | €802,892 | €784,961 | €771,698 | €306,490 | ▼ 60.3% |
| Amounts payable after more than one year17 | €488,000 | €761,415 | €750,650 | €759,735 | €731,769 | €720,550 | €216,175 | ▼ 70.0% |
| Financial debts170/4 | - | - | €70,750 | €59,835 | €48,769 | €37,550 | €26,175 | ▼ 30.3% |
| Other amounts payable178/9 | - | - | €679,900 | €699,900 | €683,000 | €683,000 | €190,000 | ▼ 72.2% |
| Amounts payable within one year42/48 | €8,901 | €19,832 | €21,530 | €18,201 | €21,436 | €19,392 | €58,559 | ▲ 202% |
| Current portion of amounts payable after more than one year42 | - | - | €10,765 | €10,914 | €11,066 | €11,219 | €11,375 | ▲ 1.4% |
| Trade debts44 | - | €345 | €2,371 | €6,754 | €5,040 | €6,033 | €3,068 | ▼ 49.1% |
| Suppliers440/4 | - | - | €2,371 | €6,754 | €5,040 | €6,033 | €3,068 | ▼ 49.1% |
| Taxes, remuneration and social security45 | - | - | €2,264 | €386 | €2,814 | €423 | €3,369 | ▲ 697% |
| Taxes450/3 | - | - | €2,264 | €386 | €2,814 | €423 | €3,369 | ▲ 697% |
| Other amounts payable47/48 | - | - | €6,130 | €147 | €2,516 | €1,716 | €40,746 | ▲ 24× |
| Accrued charges and deferred income492/3 | - | - | €18,012 | €24,956 | €31,756 | €31,756 | €31,756 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€88,274 | -€27,220 | -€21,917 | -€22,347 | €3,777 | €24,824 | -€31,272 | - |
| + Depreciation and write-downs630 | €28,799 | €28,908 | €35,519 | €188,639 | €25,182 | €28,851 | €41,800 | ▲ 44.9% |
| Operating cash flow (approximation) | -€59,475 | €1,688 | €13,603 | €166,292 | €28,959 | €53,674 | €10,528 | ▼ 80.4% |
| Investment in fixed assets (approximation) | - | -€246,782 | -€15,925 | -€12,999 | -€9,863 | -€57,957 | -€60,026 | ▼ 3.6% |
| Change in cash | - | €26,980 | -€2,608 | -€9,483 | €173,723 | -€29,853 | -€17,937 | ▲ 39.9% |
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, 929 companies had the same profile as EKA IMMO has now. Two years later, 92.8% were still going and 1.7% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
92.8%
was still going
5.5%
stopped otherwise
1.7%
went bankrupt
The bankruptcy probability of EKA IMMO itself is lower: 0.2% within 12 months. It rests on far more data about EKA IMMO than the profile alone.
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 929 companies, not a prediction for EKA IMMO. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00363678 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00341427 | |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00260701 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00247775 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20374262 | |
| 31-12-2020 | micro format | 28-08-2021 | 2021-57100513 | |
| 31-12-2019 | micro format | 26-09-2020 | 2020-56000399 |