HOLFIX
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 33 days after the deadline Filed on 2 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00509819.
Annual accounts 2025 filed on 02-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 84% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €78,072 | €5,312 |
| Depreciation and write-downs of the year | €13,626 | €18,192 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,626 | €18,192 | ▲ 33.5% |
| Other operating charges640/8 | €1,992 | €1,364 | ▼ 31.5% |
| Gross operating margin9900 | €60,270 | €26,762 | ▼ 55.6% |
| Operating profit (loss)9901 | €44,652 | €7,206 | ▼ 83.9% |
| Financial income75/76B | €80 | €129 | ▲ 60.0% |
| Recurring financial income75 | €80 | €129 | ▲ 60.0% |
| Financial charges65/66B | €109 | €216 | ▲ 98.4% |
| Recurring financial charges65 | €109 | €216 | ▲ 98.4% |
| Profit (loss) for the period before taxes9903 | €44,624 | €7,119 | ▼ 84.0% |
| Income taxes67/77 | €9,111 | €1,388 | ▼ 84.8% |
| Profit (loss) for the period9904 | €35,513 | €5,731 | ▼ 83.9% |
| Profit (loss) for the period to be appropriated9905 | €35,513 | €5,731 | ▼ 83.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €199,625 | €225,066 | ▲ 12.7% |
| Fixed assets21/28 | €64,446 | €51,566 | ▼ 20.0% |
| Tangible fixed assets22/27 | €64,446 | €51,566 | ▼ 20.0% |
| Plant, machinery and equipment23 | €16,743 | €15,970 | ▼ 4.6% |
| Furniture and vehicles24 | €47,703 | €35,596 | ▼ 25.4% |
| Current assets29/58 | €135,179 | €173,500 | ▲ 28.3% |
| Stocks and contracts in progress3 | €115,000 | €120,000 | ▲ 4.3% |
| Contracts in progress37 | €115,000 | €120,000 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €4,717 | €39,578 | ▲ 739% |
| Trade receivables40 | €1,406 | €39,578 | ▲ 28× |
| Other amounts receivable41 | €3,311 | - | - |
| Cash at bank and in hand54/58 | €15,077 | €13,523 | ▼ 10.3% |
| Deferred charges and accrued income490/1 | €385 | €399 | ▲ 3.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €199,625 | €225,066 | ▲ 12.7% |
| Equity10/15 | €37,513 | €43,245 | ▲ 15.3% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €35,513 | €41,245 | ▲ 16.1% |
| Non-distributable reserves130/1 | €35,513 | €41,245 | ▲ 16.1% |
| Other1319 | €35,513 | €41,245 | ▲ 16.1% |
| Amounts payable17/49 | €162,112 | €181,822 | ▲ 12.2% |
| Amounts payable within one year42/48 | €162,112 | €181,822 | ▲ 12.2% |
| Trade debts44 | €38,436 | €24,174 | ▼ 37.1% |
| Suppliers440/4 | €38,436 | €24,174 | ▼ 37.1% |
| Taxes, remuneration and social security45 | €11,685 | €16,048 | ▲ 37.3% |
| Taxes450/3 | €11,685 | €16,048 | ▲ 37.3% |
| Other amounts payable47/48 | €111,991 | €141,599 | ▲ 26.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €35,513 | €5,731 | ▼ 83.9% |
| + Depreciation and write-downs630 | €13,626 | €18,192 | ▲ 33.5% |
| Operating cash flow (approximation) | €49,139 | €23,923 | ▼ 51.3% |
| Investment in fixed assets (approximation) | - | -€5,312 | - |
| Change in cash | - | -€1,554 | - |
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, 2,542 companies had the same profile as HOLFIX has now. Two years later, 95.0% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HOLFIX itself: 3.7% 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 2,542 companies, not a prediction for HOLFIX. 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.