FASTIMMO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 22 filings
Turnover
≈ €1.1m
Estimated: probably between €760,000 and €1.4m
EBIT margin
Not included in this filing
Net result
€401,066▼ 29.1%
2024 · €565,711
Working capital
-€609,801
2024 · €448,363
In the rankings
#7 company by equity in Tielt, Real estate sector#8 company by total assets in Tielt, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€55,013
2025
20182025
Net result
€401,066
▼ 29.1%
2025
highest quarter of the sector
20182025
Equity
€5.4m
▲ 8.1%
2025
highest quarter of the sector
20182025
Total assets
€16.0m
▲ 19.6%
2025
highest quarter of the sector
20182025
Debt
€10.4m
▲ 27.1%
2025
20182025
Working capital
-€609,801
2025
lowest quarter of the sector
20182025
Solvency
33.6%
▼ 3.6pp
2025
middle half of the sector
20182025
Current ratio
0.78
▼ 0.45
2025
middle half of the sector
20182025
Return on assets (ROA)
2.5%
▼ 1.7pp
2025
middle half of the sector
20182025
Staff (FTE)
3.4
▲ 17.2%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.5m-€0.3m▼ 47.6%€0.2m▼ 9.7%€0.008m▼ 96.7%-€0.2m€0.1m€0.8m▲ 701%-€0.06m
Net result€0.2m-€0.07m▼ 58.2%€1.1mabove the sector's middle half▲ 15×-€0.9mbelow the sector's middle half€0.7mabove the sector's middle half-€0.07mbelow the sector's middle half€0.6mabove the sector's middle half€0.4mabove the sector's middle half▼ 29.1%
Equity€2.1m-€2.1m▲ 3.6%€3.2mabove the sector's middle half▲ 51.4%€3.8mabove the sector's middle half▲ 17.0%€4.5mabove the sector's middle half▲ 18.4%€4.5mabove the sector's middle half▲ 1.6%€5.0mabove the sector's middle half▲ 9.4%€5.4mabove the sector's middle half▲ 8.1%
Total assets€11.3m-€10.9m▼ 3.9%€10.9mabove the sector's middle half▲ 0.4%€12.0mabove the sector's middle half▲ 10.2%€12.2mabove the sector's middle half▲ 1.4%€10.9mabove the sector's middle half▼ 10.4%€13.4mabove the sector's middle half▲ 22.3%€16.0mabove the sector's middle half▲ 19.6%
Debt€9.3m-€8.7m▼ 5.6%€7.7m▼ 12.0%€8.3m▲ 7.3%€7.7m▼ 6.3%€6.4m▼ 17.3%€8.2m▲ 27.9%€10.4m▲ 27.1%
Working capital€1.5m-€1.5m▲ 4.6%€2.0mabove the sector's middle half▲ 34.1%€0.3mwithin the sector's middle half▼ 83.0%€1.1mabove the sector's middle half▲ 204%€1.2mabove the sector's middle half▲ 10.3%€0.4mwithin the sector's middle half▼ 61.6%-€0.6mbelow the sector's middle half
Solvency18.2%-19.6%▲ 1.4pp29.5%within the sector's middle half▲ 9.9pp31.4%within the sector's middle half▲ 1.8pp36.6%within the sector's middle half▲ 5.3pp41.5%within the sector's middle half▲ 4.9pp37.2%within the sector's middle half▼ 4.4pp33.6%within the sector's middle half▼ 3.6pp
Current ratio2.06-2.50▲ 0.433.92above the sector's middle half▲ 1.421.18within the sector's middle half▼ 2.741.88within the sector's middle half▲ 0.705.88above the sector's middle half▲ 4.001.22within the sector's middle half▼ 4.660.78within the sector's middle half▼ 0.45
Return on assets (ROA)1.6%-0.7%▼ 0.9pp10.0%above the sector's middle half▲ 9.4pp-7.4%below the sector's middle half▼ 17.4pp5.7%within the sector's middle half▲ 13.1pp-0.6%within the sector's middle half▼ 6.3pp4.2%within the sector's middle half▲ 4.8pp2.5%within the sector's middle half▼ 1.7pp
Staff (FTE)2-2.2▲ 10.0%1.3within the sector's middle half▼ 40.9%2within the sector's middle half▲ 53.8%2.2within the sector's middle half▲ 10.0%2.6above the sector's middle half▲ 18.2%2.9above the sector's middle half▲ 11.5%3.4within the sector's middle half▲ 17.2%
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 a loss of €55,013, after a profit of €828,613 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.0m
Fixed assets
€13.9m ▲ 27.4%
Current assets
€2.1m ▼ 14.7%
Equity and liabilities €16.0m
Equity
€5.4m ▲ 8.1%
Provisions
€241,992 ▲ 5.1%
Debt
€10.4m ▲ 27.1%
Debt's share of the balance-sheet total rises from 61.1% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€144,670▼
2024 · €1.1m
Cash flow
€600,749▼
2024 · €812,347
Quick ratio
0.65▼
2024 · 1.20
Debt to equity
1.93▲
2024 · 1.65
ROE
7.5%▼
2024 · 11.4%
Interest coverage
0.77▼
2024 · 6.98
Debt ≤ 1 year
€2.7m▲
2024 · €2.0m
Debt > 1 year
€6.1m▲
2024 · €4.4m
Income taxes
€528▲
2024 · -€1,963
Staff costs
€247,875▲
2024 · €189,875
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-12-2021 | 30-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 3 | 3 |
| full-time | 2 | 2 | 2 | 3 | 3 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 2 | 2 | 2 | 3 | 3 |
| Average over the year, in full-time equivalents | 2 | 2.2 | 2.6 | 2.9 | 3.4 |
| On a permanent contract | 2 | 2 | 2 | 3 | 3 |
| Joined | 1 | 1 | 3 | 1 | 3 |
| Left | 0 | 1 | 3 | 0 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-12-2021 | 30-12-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €400,000 | €400,000 | €400,000 | €400,000 |
| Pledge on the business | - | - | - | - | €450,000 |
| Mandates to pledge the business | - | - | - | - | €400,000 |
| Pledge on other assets, amount secured | - | €400,000 | €400,000 | €400,000 | - |
| Carrying value of the other pledged assets | - | €450,000 | €450,000 | €450,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-12-2021 | 30-12-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €450,253 | €96,119 | - | €687,592 | €249,088 |
| Financial fixed assets | €450,000 | €1.4m | - | €1.1m | €3.3m |
| Depreciation and write-downs of the year | €215,049 | €164,614 | €319,508 | €246,636 | €199,683 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €2,139 awarded · €2,139 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €440 | €2,139 |
| 2024 | 1 | €1,699 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.001m | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 19.0% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.06m | €0.07m | €0.05m | €0.05m | ▲ 6.4% |
| Non-recurring operating charges66A | - | - | - | €82 | €0.7m | €0 | €0.02m | €255 | ▼ 98.6% |
| Gross operating margin9900 | €0.9m | €0.6m | €0.5m | €0.4m | €0.9m | €0.6m | €1.3m | €0.4m | ▼ 66.5% |
| Operating profit (loss)9901 | €0.5m | €0.3m | €0.2m | €0.008m | -€0.2m | €0.1m | €0.8m | -€0.06m | - |
| Financial income75/76B | - | - | - | €0.3m | €0.9m | €0.1m | €0.1m | €0.7m | ▲ 384% |
| Recurring financial income75 | €0.07m | €0.08m | €1.1m | €0.3m | €0.3m | €0.1m | €0.1m | €0.09m | ▼ 36.3% |
| Non-recurring financial income76B | - | - | - | - | €0.7m | €0 | - | €0.6m | - |
| Financial charges65/66B | - | - | - | €1.2m | €0.09m | €0.3m | €0.2m | €0.2m | ▲ 11.0% |
| Recurring financial charges65 | €0.4m | €0.3m | €0.2m | €0.5m | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 22.8% |
| Non-recurring financial charges66B | - | - | - | €0.7m | €0.01m | €0.1m | €0.02m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.07m | €1.1m | -€0.9m | €0.7m | -€0.06m | €0.8m | €0.4m | ▼ 48.0% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €0.2m | €0.01m | ▼ 94.9% |
| Income taxes67/77 | €0.001m | €0.001m | €474 | €377 | €406 | €0.007m | -€0.002m | €0.001m | - |
| Profit (loss) for the period9904 | €0.2m | €0.07m | €1.1m | -€0.9m | €0.7m | -€0.07m | €0.6m | €0.4m | ▼ 29.1% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0.7m | €0.03m | ▼ 94.9% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.07m | €1.1m | -€0.9m | €0.7m | -€0.07m | -€0.1m | €0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €11.3m | €10.9m | €10.9m | €12.0m | €12.2m | €10.9m | €13.4m | €16.0m | ▲ 19.6% |
| Fixed assets21/28 | €8.5m | €8.3m | €8.2m | €9.7m | €9.9m | €9.5m | €10.9m | €13.9m | ▲ 27.4% |
| Tangible fixed assets22/27 | €3.2m | €3.0m | €2.9m | €4.6m | €4.6m | €4.4m | €4.6m | €4.7m | ▲ 1.0% |
| Land and buildings22 | - | - | - | €3.0m | €3.0m | €2.9m | €3.3m | €3.5m | ▲ 4.9% |
| Furniture and vehicles24 | - | - | - | - | €0.09m | €0.07m | €0.07m | €0.06m | ▼ 9.1% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 16.7% |
| Other tangible fixed assets26 | - | - | - | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.9% |
| Financial fixed assets28 | €5.3m | €5.3m | €5.3m | €5.1m | €5.4m | €5.1m | €6.3m | €9.2m | ▲ 46.9% |
| Current assets29/58 | €2.8m | €2.5m | €2.7m | €2.3m | €2.3m | €1.4m | €2.5m | €2.1m | ▼ 14.7% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.5m | €0.3m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | - | €0.5m | €0.3m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.3m | €0.3m | €0.1m | €0 | €0.04m | €0.3m | ▲ 776% |
| Stocks30/36 | - | - | - | €0.3m | €0.1m | €0 | €0.04m | €0.3m | ▲ 776% |
| Amounts receivable within one year40/41 | €2.2m | €2.0m | €2.0m | €1.8m | €1.7m | €0.7m | €1.7m | €1.6m | ▼ 3.6% |
| Trade receivables40 | - | - | - | €0.006m | €0.02m | €0.1m | €0.01m | €0.03m | ▲ 107% |
| Other amounts receivable41 | - | - | - | €1.8m | €1.7m | €0.6m | €1.6m | €1.6m | ▼ 4.5% |
| Cash at bank and in hand54/58 | €0.1m | €0.005m | €0.4m | €0.2m | €0.4m | €0.1m | €0.5m | €0.1m | ▼ 73.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.07m | €0.07m | €0.01m | €0.02m | ▲ 114% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €11.3m | €10.9m | €10.9m | €12.0m | €12.2m | €10.9m | €13.4m | €16.0m | ▲ 19.6% |
| Equity10/15 | €2.1m | €2.1m | €3.2m | €3.8m | €4.5m | €4.5m | €5.0m | €5.4m | ▲ 8.1% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Revaluation surpluses12 | - | - | - | €1.4m | €1.4m | €1.6m | €1.4m | €1.4m | = |
| Reserves13 | €0.8m | €0.9m | €2.0m | €1.1m | €1.8m | €1.7m | €2.3m | €2.7m | ▲ 17.7% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | €0.7m | €0.7m | ▲ 5.1% |
| Distributable reserves133 | - | - | - | €0.9m | €1.6m | €1.6m | €1.5m | €1.8m | ▲ 25.2% |
| Profit (loss) carried forward14 | €438 | €181 | €247 | €193 | €180 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.2m | €0.2m | ▲ 5.1% |
| Deferred taxes168 | - | - | - | - | - | - | €0.2m | €0.2m | ▲ 5.1% |
| Amounts payable17/49 | €9.3m | €8.7m | €7.7m | €8.3m | €7.7m | €6.4m | €8.2m | €10.4m | ▲ 27.1% |
| Amounts payable after more than one year17 | €4.5m | €4.7m | €4.2m | €3.8m | €4.3m | €4.1m | €4.4m | €6.1m | ▲ 38.8% |
| Financial debts170/4 | - | - | - | €0.3m | €0.7m | €0.6m | €0.6m | €0.2m | ▼ 69.7% |
| Other amounts payable178/9 | - | - | - | €3.5m | €3.5m | €3.5m | €3.8m | €5.9m | ▲ 55.3% |
| Amounts payable within one year42/48 | €1.4m | €1.0m | €0.7m | €1.9m | €1.2m | €0.2m | €2.0m | €2.7m | ▲ 34.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.4m | ▲ 343× |
| Financial debts43 | - | - | - | €1.8m | €1.0m | €0 | €1.6m | €2.0m | ▲ 28.1% |
| Credit institutions430/8 | - | - | - | €1.8m | €1.0m | €0 | €1.6m | €2.0m | ▲ 28.1% |
| Trade debts44 | €0.03m | €0.001m | €0.004m | €0.02m | €0.02m | €0.02m | €0.3m | €0.03m | ▼ 87.2% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.02m | €0.3m | €0.03m | ▼ 87.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.04m | €0.03m | €0.06m | ▲ 80.6% |
| Taxes450/3 | - | - | - | €0.009m | €0.008m | €0.02m | €0.005m | €0.02m | ▲ 312% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.02m | €0.03m | €0.03m | ▲ 33.5% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 29.1% |
| Accrued charges and deferred income492/3 | - | - | - | €2.5m | €2.2m | €2.1m | €1.8m | €1.6m | ▼ 9.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.07m | €1.1m | -€0.9m | €0.7m | -€0.07m | €0.6m | €0.4m | ▼ 29.1% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 19.0% |
| Operating cash flow (approximation) | €0.3m | €0.2m | €1.2m | -€0.7m | €0.9m | €0.3m | €0.8m | €0.6m | ▼ 26.0% |
| Investment in fixed assets (approximation) | - | -€0.006m | €0 | -€1.8m | -€0.4m | €0.09m | -€1.6m | -€3.2m | ▼ 96.4% |
| Change in cash | - | -€0.1m | €0.4m | -€0.3m | €0.2m | -€0.2m | €0.4m | -€0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 20-07-2026 | 2026-00311343 | |
| 31-12-2024 | abbreviated format | 02-07-2025 | 2025-00220098 | |
| 31-12-2023 | abbreviated format | 04-07-2024 | 2024-00208105 | |
| 30-12-2022 | abbreviated format | 06-07-2023 | 2023-00222062 | |
| 30-12-2021 | abbreviated format | 04-07-2022 | 2022-20136196 | |
| 30-12-2020 | abbreviated format | 23-06-2021 | 2021-23300051 | |
| 30-12-2019 | abbreviated format | 04-07-2020 | 2020-26400092 | |
| 30-12-2018 | abbreviated format | 01-07-2019 | 2019-26800221 | |
| 30-12-2017 | abbreviated format | 29-06-2018 | 2018-26900236 | |
| 30-12-2016 | abbreviated format | 23-06-2017 | 2017-20900133 |