FINIMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 30 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.7m▼ 11.5%
2024 · €4.2m
Working capital
€18.1m▲ 4.1%
2024 · €17.4m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€310,931
▼ 18.9%
2025
20182025
Net result
€3.7m
▼ 11.5%
2025
highest quarter of the sector
20182025
Equity
€106.3m
▲ 2.1%
2025
highest quarter of the sector
20182025
Total assets
€121.1m
▲ 0.5%
2025
highest quarter of the sector
20182025
Debt
€14.8m
▼ 9.6%
2025
20182025
Working capital
€18.1m
▲ 4.1%
2025
highest quarter of the sector
20182025
Solvency
87.8%
▲ 1.4pp
2025
highest quarter of the sector
20182025
Current ratio
10.91
▲ 0.88
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.1%
▼ 0.4pp
2025
middle half of the sector
20182025
Staff (FTE)
1.3
=
2025
lowest 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-€0.2m--€0.2m▲ 20.5%-€0.2m▼ 2.7%-€0.2m▲ 2.5%-€0.3m▼ 44.2%-€0.3m▼ 12.1%-€0.3m▲ 8.2%-€0.3m▼ 18.9%
Net result€3.6m-€4.0m▲ 10.9%€3.6mabove the sector's middle half▼ 9.1%€3.6mabove the sector's middle half▼ 0.8%€3.7mabove the sector's middle half▲ 2.0%€20.8mabove the sector's middle half▲ 467%€4.2mabove the sector's middle half▼ 79.8%€3.7mabove the sector's middle half▼ 11.5%
Equity€64.1m-€68.1m▲ 6.2%€71.8mabove the sector's middle half▲ 5.3%€75.4mabove the sector's middle half▲ 5.0%€79.1mabove the sector's middle half▲ 4.9%€99.9mabove the sector's middle half▲ 26.4%€104.1mabove the sector's middle half▲ 4.2%€106.3mabove the sector's middle half▲ 2.1%
Total assets€92.2m-€94.3m▲ 2.3%€96.0mabove the sector's middle half▲ 1.9%€95.6mabove the sector's middle half▼ 0.5%€98.0mabove the sector's middle half▲ 2.6%€117.6mabove the sector's middle half▲ 20.0%€120.4mabove the sector's middle half▲ 2.4%€121.1mabove the sector's middle half▲ 0.5%
Debt€28.0m-€26.1m▼ 6.7%€24.2m▼ 7.2%€20.2m▼ 16.7%€19.0m▼ 6.0%€17.7m▼ 6.7%€16.3m▼ 7.9%€14.8m▼ 9.6%
Working capital€7.7m-€9.8m▲ 27.4%€2.0mwithin the sector's middle half▼ 80.0%€10.7mabove the sector's middle half▲ 444%€9.3mabove the sector's middle half▼ 12.9%€14.7mabove the sector's middle half▲ 58.2%€17.4mabove the sector's middle half▲ 18.8%€18.1mabove the sector's middle half▲ 4.1%
Solvency69.6%-72.3%▲ 2.7pp74.7%within the sector's middle half▲ 2.5pp78.9%within the sector's middle half▲ 4.1pp80.6%within the sector's middle half▲ 1.8pp84.9%within the sector's middle half▲ 4.3pp86.4%within the sector's middle half▲ 1.5pp87.8%above the sector's middle half▲ 1.4pp
Current ratio4.93-5.97▲ 1.041.18below the sector's middle half▼ 4.797.52within the sector's middle half▲ 6.342.69within the sector's middle half▼ 4.838.80above the sector's middle half▲ 6.1110.03above the sector's middle half▲ 1.2310.91above the sector's middle half▲ 0.88
Return on assets (ROA)3.9%-4.2%▲ 0.3pp3.8%within the sector's middle half▼ 0.5pp3.8%within the sector's middle half=3.7%within the sector's middle half=17.7%above the sector's middle half▲ 14.0pp3.5%within the sector's middle half▼ 14.2pp3.1%within the sector's middle half▼ 0.4pp
Staff (FTE)1.1-1.1=1.2below the sector's middle half▲ 9.1%1.3below the sector's middle half▲ 8.3%1.3below the sector's middle half=1.3below the sector's middle half=1.3below the sector's middle half=1.3below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Public administration and defence; compulsory social security (NACE 84). 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 €310,931, larger than the loss of €261,575 in 2024. It is the lowest result since 2018.
Large changes and their cause
- 2024 Net result -80% on 2023. The 2023 profit included a one-off income of €17,741,724.
- 2023 Net result +467% on 2022. The 2023 profit included a one-off income of €17,741,724.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121.1m
Fixed assets
€101.1m =
Current assets
€20.0m ▲ 3.2%
Equity and liabilities €121.1m
Equity
€106.3m ▲ 2.1%
Debt
€14.8m ▼ 9.6%
Debt's share of the balance-sheet total falls from 13.6% to 12.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€309,735▼
2024 · -€260,521
Cash flow
€3.7m▼
2024 · €4.2m
Debt to equity
0.14▼
2024 · 0.16
ROE
3.5%▼
2024 · 4.0%
Interest coverage
-1.84▼
2024 · -1.43
Debt ≤ 1 year
€1.8m▼
2024 · €1.9m
Debt > 1 year
€12.9m▼
2024 · €14.4m
Staff costs
€189,445▲
2024 · €182,574
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 | 3 | 3 | 3 | 3 | 3 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 2 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 |
| Average over the year, in full-time equivalents | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 |
| On a permanent contract | 1 | 3 | 3 | 3 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €3,588 | - |
| Financial fixed assets | - | - | €21.5m | - | €41,000 |
| Depreciation and write-downs of the year | €179 | - | - | €1,054 | €1,196 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.001m | €0.001m | €179 | - | - | €0.001m | €0.001m | ▲ 13.5% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.002m | €175 | €0.002m | €0.001m | ▼ 48.2% |
| Gross operating margin9900 | -€0.09m | -€0.09m | -€0.07m | -€0.07m | -€0.09m | -€0.1m | -€0.08m | -€0.1m | ▼ 56.9% |
| Operating profit (loss)9901 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | -€0.3m | ▼ 18.9% |
| Financial income75/76B | - | - | - | €4.0m | €4.1m | €22.0m | €4.7m | €4.2m | ▼ 9.7% |
| Recurring financial income75 | €4.3m | €4.6m | €4.2m | €4.0m | €4.1m | €4.3m | €4.7m | €4.2m | ▼ 9.7% |
| Non-recurring financial income76B | - | - | - | - | - | €17.7m | - | - | - |
| Financial charges65/66B | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.0% |
| Recurring financial charges65 | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €3.6m | €4.0m | €3.6m | €3.6m | €3.7m | €21.5m | €4.2m | €3.7m | ▼ 11.5% |
| Income taxes67/77 | €0.002m | - | - | - | - | €0.7m | - | - | - |
| Profit (loss) for the period9904 | €3.6m | €4.0m | €3.6m | €3.6m | €3.7m | €20.8m | €4.2m | €3.7m | ▼ 11.5% |
| Profit (loss) for the period to be appropriated9905 | €3.6m | €4.0m | €3.6m | €3.6m | €3.7m | €20.8m | €4.2m | €3.7m | ▼ 11.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €92.2m | €94.3m | €96.0m | €95.6m | €98.0m | €117.6m | €120.4m | €121.1m | ▲ 0.5% |
| Fixed assets21/28 | €82.5m | €82.5m | €83.3m | €83.3m | €83.3m | €101.1m | €101.1m | €101.1m | = |
| Tangible fixed assets22/27 | €0.002m | €0.001m | €179 | - | - | - | €0.003m | €0.001m | ▼ 47.2% |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.003m | €0.001m | ▼ 47.2% |
| Financial fixed assets28 | €82.5m | €82.5m | €83.3m | €83.3m | €83.3m | €101.1m | €101.1m | €101.1m | = |
| Current assets29/58 | €9.6m | €11.7m | €12.7m | €12.3m | €14.8m | €16.6m | €19.4m | €20.0m | ▲ 3.2% |
| Amounts receivable within one year40/41 | €3.0m | €2.7m | €2.7m | €1.3m | €1.4m | €2.9m | €3.0m | €1.3m | ▼ 57.5% |
| Trade receivables40 | - | - | - | €0.002m | €0.003m | €0.001m | €197 | - | - |
| Other amounts receivable41 | - | - | - | €1.3m | €1.4m | €2.9m | €3.0m | €1.3m | ▼ 57.5% |
| Current investments50/53 | €88 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6.6m | €9.0m | €10.0m | €11.0m | €13.3m | €13.6m | €16.3m | €18.7m | ▲ 14.6% |
| Deferred charges and accrued income490/1 | - | - | - | €53 | €0.001m | €0.01m | €0.01m | €0.009m | ▼ 37.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €92.2m | €94.3m | €96.0m | €95.6m | €98.0m | €117.6m | €120.4m | €121.1m | ▲ 0.5% |
| Equity10/15 | €64.1m | €68.1m | €71.8m | €75.4m | €79.1m | €99.9m | €104.1m | €106.3m | ▲ 2.1% |
| Contributions10/11 | €50.2m | €50.2m | - | €50.2m | €50.2m | €50.2m | €50.2m | €50.2m | = |
| Reserves13 | €13.9m | €17.9m | €21.6m | €25.2m | €28.8m | €49.7m | €53.9m | €56.1m | ▲ 4.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €25.2m | €28.8m | €49.7m | €53.9m | €56.1m | ▲ 4.1% |
| Amounts payable17/49 | €28.0m | €26.1m | €24.2m | €20.2m | €19.0m | €17.7m | €16.3m | €14.8m | ▼ 9.6% |
| Amounts payable after more than one year17 | €26.1m | €24.2m | €13.5m | €18.5m | €13.5m | €15.8m | €14.4m | €12.9m | ▼ 10.2% |
| Financial debts170/4 | - | - | - | €18.5m | €13.5m | €15.8m | €14.4m | €12.9m | ▼ 10.2% |
| Amounts payable within one year42/48 | €2.0m | €2.0m | €10.8m | €1.6m | €5.5m | €1.9m | €1.9m | €1.8m | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.5m | €5.3m | €1.7m | €1.8m | €1.8m | ▲ 0.9% |
| Trade debts44 | €0.006m | €0.005m | €0.007m | €0.007m | €0.02m | €0.006m | €0.01m | €0.03m | ▲ 203% |
| Suppliers440/4 | - | - | - | €0.007m | €0.02m | €0.006m | €0.01m | €0.03m | ▲ 203% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 21.2% |
| Taxes450/3 | - | - | - | €0.005m | €0.002m | €0.004m | €0.01m | €0.004m | ▼ 62.9% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 4.0% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.09m | €0.1m | €0.1m | €0.003m | ▼ 97.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.008m | €0.007m | €0.006m | €0.005m | ▼ 13.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.6m | €4.0m | €3.6m | €3.6m | €3.7m | €20.8m | €4.2m | €3.7m | ▼ 11.5% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €0.001m | €179 | - | - | €0.001m | €0.001m | ▲ 13.5% |
| Operating cash flow (approximation) | €3.6m | €4.0m | €3.6m | €3.6m | €3.7m | €20.8m | €4.2m | €3.7m | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | €0 | -€0.8m | €0 | €131 | -€17.8m | -€0.004m | -€0.04m | ▼ 1,043% |
| Change in cash | - | €2.5m | €1.0m | €1.0m | €2.3m | €0.3m | €2.7m | €2.4m | ▼ 10.8% |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00224624 | |
| 31-12-2024 | full format | 08-07-2025 | 2025-00250063 | |
| 31-12-2023 | full format | 26-06-2024 | 2024-00190533 | |
| 31-12-2022 | full format | 06-12-2023 | 2023-00524236 | |
| 31-12-2021 | full format | 01-07-2022 | 2022-20126566 | |
| 31-12-2020 | full format | 02-07-2021 | 2021-30500120 | |
| 31-12-2019 | full format | 27-11-2020 | 2020-72400252 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-34500591 | |
| 31-12-2017 | full format | 20-07-2018 | 2018-36500411 | |
| 31-12-2016 | full format | 22-08-2017 | 2017-46100194 |