ID2001
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 23 filings
Turnover
≈ €63,000
Estimated: probably between €34,000 and €160,000
Total assets
€234,030▲ 19.1%
2024 · €196,531
Net result
€3,705▼ 84.5%
2024 · €23,951
Working capital
-€104,514▲ 3.4%
2024 · -€108,219
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€4,457
▼ 81.4%
2025
20192025
Net result
€3,705
▼ 84.5%
2025
middle half of the sector
20192025
Equity
-€100,063
▲ 3.6%
2025
lowest quarter of the sector
20192025
Total assets
€234,030
▲ 19.1%
2025
middle half of the sector
20192025
Debt
€334,092
▲ 11.3%
2025
20192025
Working capital
-€104,514
▲ 3.4%
2025
lowest quarter of the sector
20192025
Solvency
-42.8%
▲ 10.0pp
2025
lowest quarter of the sector
20192025
Current ratio
0.69
▲ 0.05
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
1.6%
▼ 10.6pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€603--€27,566-€58,338▼ 112%€5,738-€15,692€24,007€4,457▼ 81.4%
Net result-€62--€28,375below the sector's middle half▼ 45,837%-€58,782below the sector's middle half▼ 107%€5,072within the sector's middle half-€15,970below the sector's middle half€23,951above the sector's middle half€3,705within the sector's middle half▼ 84.5%
Equity-€29,663--€58,038below the sector's middle half▼ 95.7%-€116,821below the sector's middle half▼ 101%-€111,749below the sector's middle half▲ 4.3%-€127,719below the sector's middle half▼ 14.3%-€103,768below the sector's middle half▲ 18.8%-€100,063below the sector's middle half▲ 3.6%
Total assets€258,748-€273,067below the sector's middle half▲ 5.5%€223,553below the sector's middle half▼ 18.1%€246,320below the sector's middle half▲ 10.2%€188,300within the sector's middle half▼ 23.6%€196,531within the sector's middle half▲ 4.4%€234,030within the sector's middle half▲ 19.1%
Debt€288,411-€331,105▲ 14.8%€340,374▲ 2.8%€358,069▲ 5.2%€316,019▼ 11.7%€300,298▼ 5.0%€334,092▲ 11.3%
Working capital-€59,734--€83,663below the sector's middle half▼ 40.1%-€135,337below the sector's middle half▼ 61.8%-€122,706below the sector's middle half▲ 9.3%-€132,283below the sector's middle half▼ 7.8%-€108,219below the sector's middle half▲ 18.2%-€104,514below the sector's middle half▲ 3.4%
Solvency-11.5%--21.3%below the sector's middle half▼ 9.8pp-52.3%below the sector's middle half▼ 31.0pp-45.4%below the sector's middle half▲ 6.9pp-67.8%below the sector's middle half▼ 22.5pp-52.8%below the sector's middle half▲ 15.0pp-42.8%below the sector's middle half▲ 10.0pp
Current ratio0.79-0.75below the sector's middle half▼ 0.050.60below the sector's middle half▼ 0.140.66below the sector's middle half▲ 0.050.58below the sector's middle half▼ 0.080.64below the sector's middle half▲ 0.060.69below the sector's middle half▲ 0.05
Return on assets (ROA)0.0%--10.4%below the sector's middle half▼ 10.4pp-26.3%below the sector's middle half▼ 15.9pp2.1%within the sector's middle half▲ 28.4pp-8.5%below the sector's middle half▼ 10.5pp12.2%within the sector's middle half▲ 20.7pp1.6%within the sector's middle half▼ 10.6pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 81% lower than in 2024.
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 €234,030
Fixed assets
€4,451 =
Current assets
€229,578 ▲ 19.5%
Equity and liabilities
Equity-€100,063
Debt€334,092
Equity is negative. Debt (€334,092) exceeds the balance-sheet total (€234,030).
Key figures and ratios
Quick ratio
0.57▲
2024 · 0.51
Debt ≤ 1 year
€334,092▲
2024 · €300,298
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,065 | €7,947 | €7,447 | €7,559 | €6,393 | €113 | - | - |
| Other operating charges640/8 | - | - | - | €338 | €1,086 | €329 | €1,647 | ▲ 401% |
| Gross operating margin9900 | €8,726 | -€19,074 | -€50,149 | €13,635 | -€8,214 | €24,449 | €6,104 | ▼ 75.0% |
| Operating profit (loss)9901 | €603 | -€27,566 | -€58,338 | €5,738 | -€15,692 | €24,007 | €4,457 | ▼ 81.4% |
| Financial income75/76B | - | - | - | - | - | €327 | €10 | ▼ 97.1% |
| Recurring financial income75 | €95 | - | €0 | - | - | €327 | €10 | ▼ 97.1% |
| Financial charges65/66B | - | - | - | €517 | €279 | €383 | €761 | ▲ 98.8% |
| Recurring financial charges65 | €595 | €644 | €299 | €517 | €279 | €383 | €761 | ▲ 98.8% |
| Profit (loss) for the period before taxes9903 | €104 | -€28,210 | -€58,637 | €5,221 | -€15,970 | €23,951 | €3,705 | ▼ 84.5% |
| Income taxes67/77 | €165 | €165 | €145 | €149 | - | - | - | - |
| Profit (loss) for the period9904 | -€62 | -€28,375 | -€58,782 | €5,072 | -€15,970 | €23,951 | €3,705 | ▼ 84.5% |
| Profit (loss) for the period to be appropriated9905 | -€62 | -€28,375 | -€58,782 | €5,072 | -€15,970 | €23,951 | €3,705 | ▼ 84.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €258,748 | €273,067 | €223,553 | €246,320 | €188,300 | €196,531 | €234,030 | ▲ 19.1% |
| Fixed assets21/28 | €30,071 | €25,624 | €18,516 | €10,957 | €4,564 | €4,451 | €4,451 | = |
| Tangible fixed assets22/27 | €25,619 | €21,173 | €14,065 | €6,505 | €113 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €6,505 | €113 | - | - | - |
| Financial fixed assets28 | €4,451 | €4,451 | €4,451 | €4,451 | €4,451 | €4,451 | €4,451 | = |
| Current assets29/58 | €228,677 | €247,443 | €205,037 | €235,363 | €183,736 | €192,079 | €229,578 | ▲ 19.5% |
| Stocks and contracts in progress3 | €19,238 | €29,770 | €30,354 | €37,509 | €37,509 | €37,509 | €37,509 | = |
| Stocks30/36 | - | - | - | €37,509 | €37,509 | €37,509 | €37,509 | = |
| Amounts receivable within one year40/41 | €209,439 | €217,672 | €173,663 | €195,754 | €146,153 | €154,142 | €191,379 | ▲ 24.2% |
| Trade receivables40 | - | - | - | €82,714 | €40,240 | €47,565 | €87,408 | ▲ 83.8% |
| Other amounts receivable41 | - | - | - | €113,039 | €105,913 | €106,576 | €103,971 | ▼ 2.4% |
| Cash at bank and in hand54/58 | - | - | €951 | €2,101 | €74 | €428 | €691 | ▲ 61.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €258,748 | €273,067 | €223,553 | €246,320 | €188,300 | €196,531 | €234,030 | ▲ 19.1% |
| Equity10/15 | -€29,663 | -€58,038 | -€116,821 | -€111,749 | -€127,719 | -€103,768 | -€100,063 | ▲ 3.6% |
| Contributions10/11 | €27,800 | - | - | €27,800 | €27,800 | €27,800 | €27,800 | = |
| Capital10 | - | - | - | - | - | €12,600 | - | - |
| Issued capital100 | - | - | - | - | - | €12,600 | - | - |
| Contributions outside capital11 | - | - | - | - | - | €15,200 | - | - |
| Other1109/19 | - | - | - | - | - | €15,200 | - | - |
| Reserves13 | €1,525 | €1,525 | €1,525 | €1,525 | €1,525 | €1,525 | €1,525 | = |
| Non-distributable reserves130/1 | - | - | - | €152 | €152 | €152 | - | - |
| Reserves not available under the articles1311 | - | - | - | €152 | €152 | €152 | - | - |
| Distributable reserves133 | - | - | - | €1,372 | €1,372 | €1,372 | €1,525 | ▲ 11.1% |
| Profit (loss) carried forward14 | -€58,988 | -€87,363 | -€146,145 | -€141,073 | -€157,044 | -€133,092 | -€129,387 | ▲ 2.8% |
| Amounts payable17/49 | €288,411 | €331,105 | €340,374 | €358,069 | €316,019 | €300,298 | €334,092 | ▲ 11.3% |
| Amounts payable within one year42/48 | €288,411 | €331,105 | €340,374 | €358,069 | €316,019 | €300,298 | €334,092 | ▲ 11.3% |
| Trade debts44 | €18,002 | €3,224 | €4,123 | €866 | €241 | €1,293 | €2,485 | ▲ 92.2% |
| Suppliers440/4 | - | - | - | €866 | €241 | €1,293 | €2,485 | ▲ 92.2% |
| Advances received on contracts in progress46 | - | - | - | €333,827 | €289,000 | €273,899 | €179,017 | ▼ 34.6% |
| Taxes, remuneration and social security45 | - | - | - | €12,973 | €14,820 | €1,335 | €3,043 | ▲ 128% |
| Taxes450/3 | - | - | - | €12,973 | €14,820 | €1,335 | €3,043 | ▲ 128% |
| Other amounts payable47/48 | - | - | - | €10,403 | €11,959 | €23,771 | €149,547 | ▲ 529% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62 | -€28,375 | -€58,782 | €5,072 | -€15,970 | €23,951 | €3,705 | ▼ 84.5% |
| + Depreciation and write-downs630 | €8,065 | €7,947 | €7,447 | €7,559 | €6,393 | €113 | - | - |
| Operating cash flow (approximation) | €8,003 | -€20,429 | -€51,336 | €12,631 | -€9,578 | €24,064 | €3,705 | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | -€3,500 | -€338 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €1,150 | -€2,026 | €354 | €262 | ▼ 25.9% |
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, 1,449 companies had the same profile as ID2001 has now. Two years later, 92.2% were still going and 2.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
92.2%
was still going
4.8%
stopped otherwise
2.5%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ID2001 itself: 1.1% 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 1,449 companies, not a prediction for ID2001. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00030934 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00027025 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00020892 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00025709 | |
| 30-06-2021 | abbreviated format | 27-01-2022 | 2022-02800127 | |
| 30-06-2020 | abbreviated format | 27-01-2021 | 2021-02000448 | |
| 30-06-2019 | abbreviated format | 07-01-2020 | 2020-00300585 | |
| 30-06-2018 | abbreviated format | 14-01-2019 | 2019-01400375 | |
| 30-06-2017 | abbreviated format | 18-01-2018 | 2018-01800487 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03700139 |