IDEACTIONS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-04-2026 PDF all 30 filings
Turnover
€18,250
EBIT margin
44.6%
Net result
€7,632▼ 9.5%
2024 · €8,431
Working capital
€4,940
2024 · -€2,980
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€18,250
2025
20192025
Operating result
€8,135
▼ 9.6%
2025
20192025
Net result
€7,632
▼ 9.5%
2025
middle half of the sector
20192025
EBIT margin
44.6%
2025
20192025
Equity
€11,139
▲ 218%
2025
lowest quarter of the sector
20192025
Total assets
€20,390
▲ 30.3%
2025
lowest quarter of the sector
20192025
Debt
€9,251
▼ 23.8%
2025
20192025
Working capital
€4,940
2025
middle half of the sector
20192025
Solvency
54.6%
▲ 32.2pp
2025
middle half of the sector
20192025
Current ratio
1.53
▲ 0.78
2025
middle half of the sector
20192025
Return on assets (ROA)
37.4%
▼ 16.4pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€18,250
Operating result-€2,252-€2,859-€5,106-€1,505▲ 70.5%-€2,571▼ 70.8%€9,003€8,135▼ 9.6%
Net result-€2,436-€2,691within the sector's middle half-€5,549below the sector's middle half-€2,833below the sector's middle half▲ 48.9%-€2,940below the sector's middle half▼ 3.8%€8,431within the sector's middle half€7,632within the sector's middle half▼ 9.5%
EBIT margin44.6%
Equity€3,708-€6,399below the sector's middle half▲ 72.6%€850below the sector's middle half▼ 86.7%-€1,983below the sector's middle half-€4,923below the sector's middle half▼ 148%€3,507below the sector's middle half€11,139below the sector's middle half▲ 218%
Total assets€16,807-€22,113below the sector's middle half▲ 31.6%€14,817below the sector's middle half▼ 33.0%€15,670below the sector's middle half▲ 5.8%€9,281below the sector's middle half▼ 40.8%€15,654below the sector's middle half▲ 68.7%€20,390below the sector's middle half▲ 30.3%
Debt€13,099-€15,714▲ 20.0%€13,968▼ 11.1%€17,653▲ 26.4%€14,204▼ 19.5%€12,147▼ 14.5%€9,251▼ 23.8%
Working capital-€5,930--€2,096within the sector's middle half▲ 64.7%-€6,502below the sector's middle half▼ 210%-€9,047below the sector's middle half▼ 39.1%-€11,699below the sector's middle half▼ 29.3%-€2,980below the sector's middle half▲ 74.5%€4,940within the sector's middle half
Solvency22.1%-28.9%within the sector's middle half▲ 6.9pp5.7%below the sector's middle half▼ 23.2pp-12.7%below the sector's middle half▼ 18.4pp-53.0%below the sector's middle half▼ 40.4pp22.4%below the sector's middle half▲ 75.5pp54.6%within the sector's middle half▲ 32.2pp
Current ratio0.55-0.87within the sector's middle half▲ 0.320.53below the sector's middle half▼ 0.330.49below the sector's middle half▼ 0.050.18below the sector's middle half▼ 0.310.75below the sector's middle half▲ 0.581.53within the sector's middle half▲ 0.78
Return on assets (ROA)-14.5%-12.2%above the sector's middle half▲ 26.7pp-37.5%below the sector's middle half▼ 49.6pp-18.1%below the sector's middle half▲ 19.4pp-31.7%below the sector's middle half▼ 13.6pp53.9%above the sector's middle half▲ 85.5pp37.4%above the sector's middle half▼ 16.4pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 10% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,390
Fixed assets
€6,199 ▼ 4.4%
Current assets
€14,191 ▲ 54.8%
Equity and liabilities €20,390
Equity
€11,139 ▲ 218%
Debt
€9,251 ▼ 23.8%
Debt's share of the balance-sheet total falls from 77.6% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,423▼
2024 · €9,291
Cash flow
€7,920▼
2024 · €8,719
Debt to equity
0.83▼
2024 · 3.46
ROE
68.5%▼
2024 · 240.4%
Interest coverage
33.90▲
2024 · 25.18
Debt ≤ 1 year
€9,251▼
2024 · €12,147
Income taxes
€255▲
2024 · €203
Customer credit
60 days
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 |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €18,250 | - |
| Non-recurring operating income76A | - | - | - | - | - | €571 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €9,319 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,143 | €1,143 | €1,143 | €288 | €288 | €288 | €288 | = |
| Other operating charges640/8 | - | - | - | €99 | €159 | €453 | €508 | ▲ 12.1% |
| Gross operating margin9900 | €533 | €4,868 | -€3,040 | -€1,118 | -€2,124 | €9,745 | €8,931 | ▼ 8.3% |
| Operating profit (loss)9901 | -€2,252 | €2,859 | -€5,106 | -€1,505 | -€2,571 | €9,003 | €8,135 | ▼ 9.6% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €337 | €369 | €369 | €249 | ▼ 32.7% |
| Recurring financial charges65 | €184 | €168 | €240 | €337 | €369 | €369 | €249 | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | -€2,436 | €2,691 | -€5,346 | -€1,842 | -€2,940 | €8,634 | €7,887 | ▼ 8.7% |
| Income taxes67/77 | - | - | €203 | €991 | - | €203 | €255 | ▲ 25.3% |
| Profit (loss) for the period9904 | -€2,436 | €2,691 | -€5,549 | -€2,833 | -€2,940 | €8,431 | €7,632 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | -€2,436 | €2,691 | -€5,549 | -€2,833 | -€2,940 | €8,431 | €7,632 | ▼ 9.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €16,807 | €22,113 | €14,817 | €15,670 | €9,281 | €15,654 | €20,390 | ▲ 30.3% |
| Fixed assets21/28 | €9,638 | €8,495 | €7,352 | €7,064 | €6,776 | €6,487 | €6,199 | ▼ 4.4% |
| Tangible fixed assets22/27 | €9,514 | €8,371 | €7,228 | €6,940 | €6,652 | €6,364 | €6,075 | ▼ 4.5% |
| Other tangible fixed assets26 | - | - | - | €6,940 | €6,652 | €6,364 | €6,075 | ▼ 4.5% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €7,169 | €13,618 | €7,465 | €8,606 | €2,505 | €9,167 | €14,191 | ▲ 54.8% |
| Amounts receivable within one year40/41 | €3,641 | €7,416 | €7,465 | €3,630 | - | €3,485 | €3,000 | ▼ 13.9% |
| Trade receivables40 | - | - | - | €3,630 | - | €3,485 | €3,000 | ▼ 13.9% |
| Current investments50/53 | €167 | €167 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,361 | €6,034 | €0 | €2,121 | €2,505 | €5,682 | €11,191 | ▲ 97.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,855 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €16,807 | €22,113 | €14,817 | €15,670 | €9,281 | €15,654 | €20,390 | ▲ 30.3% |
| Equity10/15 | €3,708 | €6,399 | €850 | -€1,983 | -€4,923 | €3,507 | €11,139 | ▲ 218% |
| Contributions10/11 | €37,184 | - | - | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Contributions outside capital11 | - | - | - | €37,184 | €37,184 | - | - | - |
| Other1109/19 | - | - | - | €37,184 | €37,184 | - | - | - |
| Reserves13 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Non-distributable reserves130/1 | - | - | - | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Legal reserve130 | - | - | - | €3,718 | €3,718 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €3,718 | €3,718 | = |
| Profit (loss) carried forward14 | -€37,194 | -€34,503 | -€40,053 | -€42,886 | -€45,826 | -€37,395 | -€29,763 | ▲ 20.4% |
| Amounts payable17/49 | €13,099 | €15,714 | €13,968 | €17,653 | €14,204 | €12,147 | €9,251 | ▼ 23.8% |
| Amounts payable within one year42/48 | €13,099 | €15,714 | €13,968 | €17,653 | €14,204 | €12,147 | €9,251 | ▼ 23.8% |
| Trade debts44 | €3,723 | €4,829 | €4,862 | €3,288 | - | - | - | - |
| Suppliers440/4 | - | - | - | €3,288 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €944 | €1,095 | €731 | €255 | ▼ 65.1% |
| Taxes450/3 | - | - | - | €944 | €1,095 | €731 | €255 | ▼ 65.1% |
| Other amounts payable47/48 | - | - | - | €13,421 | €13,109 | €11,416 | €8,996 | ▼ 21.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,436 | €2,691 | -€5,549 | -€2,833 | -€2,940 | €8,431 | €7,632 | ▼ 9.5% |
| + Depreciation and write-downs630 | €1,143 | €1,143 | €1,143 | €288 | €288 | €288 | €288 | = |
| Operating cash flow (approximation) | -€1,292 | €3,834 | -€4,406 | -€2,545 | -€2,652 | €8,719 | €7,920 | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,674 | -€6,034 | €2,121 | €384 | €3,177 | €5,509 | ▲ 73.4% |
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, 31,368 companies had the same profile as IDEACTIONS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IDEACTIONS 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 31,368 companies, not a prediction for IDEACTIONS. 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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 08-04-2026 | 2026-00080861 | |
| 30-09-2024 | micro format | 31-03-2025 | 2025-00063632 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00059427 | |
| 30-09-2022 | micro format | 27-03-2023 | 2023-00047249 | |
| 30-09-2021 | micro format | 18-03-2022 | 2022-08100443 | |
| 30-09-2020 | full format | 29-03-2021 | 2021-09000542 | |
| 30-09-2019 | full format | 31-03-2020 | 2020-08100140 | |
| 30-09-2018 | full format | 15-03-2019 | 2019-07100539 | |
| 30-09-2017 | full format | 05-04-2018 | 2018-09400371 | |
| 30-09-2016 | full format | 28-03-2017 | 2017-07800510 |