GETIMMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 42 filings
Turnover
≈ €160,000
Estimated: probably between €100,000 and €310,000
Total assets
€711,986▼ 1.2%
2024 · €720,639
Net result
€12,631▲ 6.2%
2024 · €11,898
Working capital
€21,399
2024 · -€3,902
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€16,876
▼ 8.0%
2025
20182025
Net result
€12,631
▲ 6.2%
2025
20182025
Equity
€498,636
▲ 2.6%
2025
20182025
Total assets
€711,986
▼ 1.2%
2025
20182025
Debt
€213,350
▼ 9.1%
2025
20182025
Working capital
€21,399
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€73,382-€47,070▼ 35.9%€22,321▼ 52.6%€22,136▼ 0.8%€18,573▼ 16.1%€20,278▲ 9.2%€18,338▼ 9.6%€16,876▼ 8.0%
Net result€46,463-€32,677▼ 29.7%€65,961▲ 102%€38,312▼ 41.9%€15,471▼ 59.6%€14,723▼ 4.8%€11,898▼ 19.2%€12,631▲ 6.2%
Equity€552,720-€585,397▲ 5.9%€651,358▲ 11.3%€689,670▲ 5.9%€705,141▲ 2.2%€474,107▼ 32.8%€486,005▲ 2.5%€498,636▲ 2.6%
Total assets€905,081-€888,984▼ 1.8%€875,904▼ 1.5%€851,363▼ 2.8%€783,802▼ 7.9%€751,230▼ 4.2%€720,639▼ 4.1%€711,986▼ 1.2%
Debt€351,252-€303,033▼ 13.7%€224,546▼ 25.9%€161,693▼ 28.0%€78,661▼ 51.4%€277,122▲ 252%€234,634▼ 15.3%€213,350▼ 9.1%
Working capital€3,953-€78,884▲ 20×€110,800▲ 40.5%€177,826▲ 60.5%€199,572▲ 12.2%-€35,086-€3,902▲ 88.9%€21,399
The operating result for 2025 is 8% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or 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 €711,986
Fixed assets
€482,161 ▼ 2.5%
Current assets
€229,825 ▲ 1.7%
Equity and liabilities €711,986
Equity
€498,636 ▲ 2.6%
Debt
€213,350 ▼ 9.1%
Debt's share of the balance-sheet total falls from 32.6% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,527▲
2024 · €40,411
Cash flow
€36,282▲
2024 · €33,970
Current ratio
1.10▲
2024 · 0.98
Debt to equity
0.43▼
2024 · 0.48
ROE
2.5%▲
2024 · 2.4%
ROA
1.8%▲
2024 · 1.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€208,426▼
2024 · €229,883
Income taxes
€6,128▼
2024 · €6,174
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 | €1,578 | - | €30,448 | - | €11,154 |
| Financial fixed assets | - | - | €0 | - | - |
| Depreciation and write-downs of the year | €24,314 | €20,195 | €22,072 | €22,072 | €23,651 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,285 | €29,441 | €29,336 | €24,314 | €20,195 | €22,072 | €22,072 | €23,651 | ▲ 7.2% |
| Other operating charges640/8 | - | - | - | €16,645 | €16,606 | €17,304 | €20,324 | €18,404 | ▼ 9.5% |
| Non-recurring operating charges66A | - | - | - | €106 | €62 | - | - | - | - |
| Gross operating margin9900 | €112,254 | €91,677 | €68,404 | €63,201 | €55,435 | €59,654 | €60,735 | €58,931 | ▼ 3.0% |
| Operating profit (loss)9901 | €73,382 | €47,070 | €22,321 | €22,136 | €18,573 | €20,278 | €18,338 | €16,876 | ▼ 8.0% |
| Financial income75/76B | - | - | - | €34,366 | €3,679 | €2,056 | €0 | €2,074 | - |
| Recurring financial income75 | €3,497 | €4,065 | €62,819 | €34,366 | €3,679 | €2,056 | €0 | €2,074 | - |
| Financial charges65/66B | - | - | - | €2,816 | €185 | €250 | €266 | €190 | ▼ 28.5% |
| Recurring financial charges65 | €1,339 | €1,207 | €6,441 | €2,816 | €185 | €250 | €266 | €190 | ▼ 28.5% |
| Profit (loss) for the period before taxes9903 | €75,540 | €49,929 | €78,699 | €53,685 | €22,066 | €22,084 | €18,072 | €18,759 | ▲ 3.8% |
| Transfer from deferred taxes780 | - | - | - | €0 | - | - | - | - | - |
| Income taxes67/77 | €29,632 | €17,806 | €13,292 | €15,373 | €6,594 | €7,361 | €6,174 | €6,128 | ▼ 0.7% |
| Profit (loss) for the period9904 | €46,463 | €32,677 | €65,961 | €38,312 | €15,471 | €14,723 | €11,898 | €12,631 | ▲ 6.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €47,539 | €33,754 | €67,037 | €38,312 | €15,471 | €14,723 | €11,898 | €12,631 | ▲ 6.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €905,081 | €888,984 | €875,904 | €851,363 | €783,802 | €751,230 | €720,639 | €711,986 | ▼ 1.2% |
| Fixed assets21/28 | €598,005 | €573,659 | €551,286 | €528,551 | €508,356 | €516,731 | €494,658 | €482,161 | ▼ 2.5% |
| Tangible fixed assets22/27 | €597,797 | €573,450 | €551,078 | €528,342 | €508,147 | €516,522 | €494,450 | €481,952 | ▼ 2.5% |
| Land and buildings22 | - | - | - | €527,990 | €508,147 | €516,522 | €494,450 | €481,952 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | - | €352 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | €209 | €209 | €209 | €209 | €209 | €209 | €209 | €209 | = |
| Current assets29/58 | €307,076 | €315,325 | €324,617 | €322,812 | €275,447 | €234,499 | €225,981 | €229,825 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €13,111 | €10,364 | €2,575 | €0 | €4,354 | €0 | - | €4,986 | - |
| Trade receivables40 | - | - | - | - | - | - | - | €4,986 | - |
| Other amounts receivable41 | - | - | - | €0 | €4,354 | €0 | - | - | - |
| Current investments50/53 | €120,646 | €140,012 | €191,251 | €99,994 | €183,095 | €189,727 | €189,728 | €191,480 | ▲ 0.9% |
| Cash at bank and in hand54/58 | €169,638 | €162,173 | €128,475 | €222,818 | €82,874 | €44,772 | €36,253 | €33,360 | ▼ 8.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €5,124 | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €905,081 | €888,984 | €875,904 | €851,363 | €783,802 | €751,230 | €720,639 | €711,986 | ▼ 1.2% |
| Equity10/15 | €552,720 | €585,397 | €651,358 | €689,670 | €705,141 | €474,107 | €486,005 | €498,636 | ▲ 2.6% |
| Contributions10/11 | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | = |
| Capital10 | - | - | - | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | = |
| Issued capital100 | - | - | - | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | = |
| Reserves13 | €346,720 | €379,397 | €445,358 | €483,670 | €499,141 | €268,107 | €280,005 | €292,636 | ▲ 4.5% |
| Non-distributable reserves130/1 | - | - | - | €20,600 | €20,600 | €20,600 | €20,600 | €20,600 | = |
| Legal reserve130 | - | - | - | €20,600 | €20,600 | €20,600 | €20,600 | €20,600 | = |
| Distributable reserves133 | - | - | - | €463,070 | €478,541 | €247,507 | €259,405 | €272,036 | ▲ 4.9% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €1,109 | €554 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €351,252 | €303,033 | €224,546 | €161,693 | €78,661 | €277,122 | €234,634 | €213,350 | ▼ 9.1% |
| Amounts payable within one year42/48 | €303,123 | €236,442 | €213,817 | €144,986 | €75,874 | €269,585 | €229,883 | €208,426 | ▼ 9.3% |
| Trade debts44 | €36,707 | €188 | €26,105 | €10,214 | €10,732 | €1,512 | €439 | €11,651 | ▲ 27× |
| Suppliers440/4 | - | - | - | €10,214 | €10,732 | €1,512 | €439 | €11,651 | ▲ 27× |
| Taxes, remuneration and social security45 | - | - | - | €5,209 | €1,547 | €6,933 | €9,607 | €4,982 | ▼ 48.1% |
| Taxes450/3 | - | - | - | €5,209 | €1,547 | €6,933 | €9,607 | €4,982 | ▼ 48.1% |
| Other amounts payable47/48 | - | - | - | €129,563 | €63,595 | €261,140 | €219,837 | €191,794 | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | - | - | €16,707 | €2,787 | €7,538 | €4,751 | €4,924 | ▲ 3.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,463 | €32,677 | €65,961 | €38,312 | €15,471 | €14,723 | €11,898 | €12,631 | ▲ 6.2% |
| + Depreciation and write-downs630 | €29,285 | €29,441 | €29,336 | €24,314 | €20,195 | €22,072 | €22,072 | €23,651 | ▲ 7.2% |
| Operating cash flow (approximation) | €75,748 | €62,118 | €95,296 | €62,626 | €35,666 | €36,796 | €33,970 | €36,282 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€5,094 | -€6,963 | -€1,578 | €0 | -€30,448 | €0 | -€11,154 | - |
| Change in cash | - | -€7,465 | -€33,698 | €94,343 | -€139,944 | -€38,102 | -€8,519 | -€2,893 | ▲ 66.0% |
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, 14,766 companies had the same profile as GETIMMO 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 GETIMMO 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 GETIMMO. 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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00281199 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00450692 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00435921 | |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00229232 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20113346 | |
| 31-12-2020 | micro format | 07-06-2021 | 2021-17600451 | |
| 31-12-2019 | micro format | 03-06-2020 | 2020-14300390 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59700590 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-54100441 | |
| 31-12-2016 | micro format | 16-08-2017 | 2017-44200507 |