FALKIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 29 filings
Turnover
≈ €350,000
Estimated: probably between €240,000 and €550,000
EBIT margin
Not included in this filing
Net result
€27,640
2024 · -€5,169
Working capital
€208,606▲ 57.8%
2024 · €132,196
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€42,828
2025
20192025
Net result
€27,640
2025
20192025
Equity
€1.1m
▲ 2.6%
2025
20192025
Total assets
€1.3m
▼ 0.3%
2025
20192025
Debt
€220,684
▼ 12.5%
2025
20192025
Working capital
€208,606
▲ 57.8%
2025
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.03m-€0.03m▲ 5.6%€0.002m▼ 95.2%€0.01m▲ 560%€0.02m▲ 106%-€88€0.04m
Net result€0.02m-€0.02m▼ 2.4%-€0.004m€0.004m€0.01m▲ 193%-€0.005m€0.03m
Equity€1.0m-€1.1m▲ 1.9%€1.1m▼ 0.3%€1.1m▲ 0.3%€1.1m▲ 1.0%€1.1m▼ 0.5%€1.1m▲ 2.6%
Total assets€1.4m-€1.4m▼ 2.5%€1.3m▼ 2.9%€1.3m▲ 1.2%€1.4m▲ 1.9%€1.3m▼ 3.2%€1.3m▼ 0.3%
Debt€0.4m-€0.3m▼ 15.9%€0.3m▼ 11.8%€0.3m▲ 4.9%€0.3m▲ 5.6%€0.3m▼ 13.3%€0.2m▼ 12.5%
Working capital€0.08m-€0.07m▼ 10.1%€0.08m▲ 9.6%€0.07m▼ 5.7%€0.1m▲ 51.8%€0.1m▲ 20.0%€0.2m▲ 57.8%
Staff (FTE)0
The operating result for 2025 is a profit of €42,828, after a loss of €88 in 2024. It is the highest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.0m ▼ 6.1%
Current assets
€270,362 ▲ 30.8%
Equity and liabilities €1.3m
Equity
€1.1m ▲ 2.6%
Provisions
€512 ▼ 18.1%
Debt
€220,684 ▼ 12.5%
Debt's share of the balance-sheet total falls from 19.2% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122,353▲
2024 · €89,138
Cash flow
€107,165▲
2024 · €84,058
Current ratio
4.38▲
2024 · 2.77
Debt to equity
0.20▼
2024 · 0.24
ROE
2.5%▲
2024 · -0.5%
ROA
2.1%▲
2024 · -0.4%
Interest coverage
20.50▲
2024 · 13.28
Debt ≤ 1 year
€61,756▼
2024 · €74,501
Debt > 1 year
€144,524▼
2024 · €162,961
Income taxes
€11,433▲
2024 · €76
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €130,338 | €56,218 | €30,642 | €11,725 |
| Financial fixed assets | - | - | €0 | €0 |
| Depreciation and write-downs of the year | €80,415 | €89,575 | €89,227 | €79,525 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €19,383 | €12,020 | €4,947 | €7,110 | ▲ 43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,508 | €75,102 | €79,131 | €80,415 | €89,575 | €89,227 | €79,525 | ▼ 10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €14,300 | -€2,600 | - |
| Other operating charges640/8 | - | - | - | €18,185 | €19,563 | €21,035 | €21,459 | ▲ 2.0% |
| Non-recurring operating charges66A | - | - | - | €2,675 | €0 | - | - | - |
| Gross operating margin9900 | €116,541 | €126,309 | €98,643 | €111,767 | €130,747 | €124,473 | €141,212 | ▲ 13.4% |
| Operating profit (loss)9901 | €31,558 | €33,313 | €1,589 | €10,492 | €21,609 | -€88 | €42,828 | - |
| Financial income75/76B | - | - | - | €872 | €769 | €1,594 | €2,101 | ▲ 31.8% |
| Recurring financial income75 | €890 | €900 | €1,057 | €872 | €769 | €1,594 | €2,101 | ▲ 31.8% |
| Financial charges65/66B | - | - | - | €6,750 | €6,805 | €6,712 | €5,969 | ▼ 11.1% |
| Recurring financial charges65 | €10,475 | €8,721 | €6,465 | €6,750 | €6,805 | €6,712 | €5,969 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €21,972 | €25,492 | -€3,819 | €4,614 | €15,572 | -€5,206 | €38,960 | - |
| Transfer from deferred taxes780 | - | - | - | €113 | €114 | €113 | €113 | = |
| Income taxes67/77 | €1,850 | €4,255 | €282 | €1,153 | €5,203 | €76 | €11,433 | ▲ 150× |
| Profit (loss) for the period9904 | €20,122 | €19,641 | -€3,988 | €3,574 | €10,483 | -€5,169 | €27,640 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €454 | €454 | €454 | €454 | = |
| Profit (loss) for the period to be appropriated9905 | €20,122 | €15,843 | -€3,536 | €4,028 | €10,937 | -€4,715 | €28,094 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.4m | €1.3m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 0.3% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 6.1% |
| Tangible fixed assets22/27 | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 8.1% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 8.2% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.008m | €0.008m | €0.007m | ▼ 4.8% |
| Other tangible fixed assets26 | - | - | - | €0.005m | €0.004m | €0.01m | €0.01m | ▼ 6.9% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 30.8% |
| Amounts receivable within one year40/41 | €0.03m | €0.04m | €0.05m | €0.02m | €0.03m | €0.05m | €0.02m | ▼ 70.6% |
| Trade receivables40 | - | - | - | €0 | - | €0.01m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.04m | €0.02m | ▼ 63.7% |
| Current investments50/53 | - | - | - | - | - | €0.08m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.09m | €0.1m | €0.1m | €0.06m | €0.2m | ▲ 285% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.01m | €0.01m | €0.007m | ▼ 27.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.3m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 0.3% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 2.6% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.02m | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | €0.05m | ▼ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.007m | €0.008m | €0.008m | €0.008m | = |
| Tax-exempt reserves132 | - | - | - | €0.003m | €0.003m | €0.003m | €0.002m | ▼ 18.1% |
| Distributable reserves133 | - | - | - | €0.03m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 29.3% |
| Provisions and deferred taxes16 | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 18.1% |
| Deferred taxes168 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 18.1% |
| Amounts payable17/49 | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 12.5% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 11.3% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 11.3% |
| Amounts payable within one year42/48 | €0.07m | €0.09m | €0.07m | €0.06m | €0.08m | €0.07m | €0.06m | ▼ 17.1% |
| Trade debts44 | €0.03m | €0.03m | €0.007m | €0.02m | €0.05m | €0.04m | €0.02m | ▼ 55.2% |
| Suppliers440/4 | - | - | - | €0.02m | €0.05m | €0.04m | €0.02m | ▼ 55.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | €0.002m | €0.002m | €0.01m | ▲ 477% |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | €0.002m | €0.01m | ▲ 477% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.03m | €0.04m | €0.03m | ▼ 8.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 3.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,122 | €19,641 | -€3,988 | €3,574 | €10,483 | -€5,169 | €27,640 | - |
| + Depreciation and write-downs630 | €68,508 | €75,102 | €79,131 | €80,415 | €89,575 | €89,227 | €79,525 | ▼ 10.9% |
| Operating cash flow (approximation) | €88,631 | €94,744 | €75,143 | €83,989 | €100,058 | €84,058 | €107,165 | ▲ 27.5% |
| Investment in fixed assets (approximation) | - | -€27,568 | -€54,875 | -€108,085 | -€56,218 | -€30,642 | -€11,725 | ▲ 61.7% |
| Change in cash | - | -€218 | -€22,580 | €17,116 | €44,693 | -€84,926 | €183,573 | - |
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, 14,766 companies had the same profile as FALKIMMO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FALKIMMO 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 14,766 companies, not a prediction for FALKIMMO. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098384 | |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00057054 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00053137 | |
| 30-09-2022 | full format | 22-03-2023 | 2023-00043286 | |
| 30-09-2021 | full format | 22-03-2022 | 2022-08200290 | |
| 30-09-2020 | full format | 25-03-2021 | 2021-08400434 | |
| 30-09-2019 | full format | 17-03-2020 | 2020-06900325 | |
| 30-09-2018 | full format | 21-03-2019 | 2019-07500102 | |
| 30-09-2017 | full format | 21-03-2018 | 2018-07200570 | |
| 30-09-2016 | full format | 22-03-2017 | 2017-06900443 |