IDEE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 38 filings
Equity
€6,242▼ 33.8%
2024 · €9,432
Total assets
€86,174▼ 0.8%
2024 · €86,861
Net result
-€3,189▲ 23.4%
2024 · -€4,161
Working capital
€6,242▼ 33.8%
2024 · €9,432
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€3,154
▲ 23.5%
2025
20182025
Net result
-€3,189
▲ 23.4%
2025
lowest quarter of the sector
20182025
Equity
€6,242
▼ 33.8%
2025
lowest quarter of the sector
20182025
Total assets
€86,174
▼ 0.8%
2025
lowest quarter of the sector
20182025
Debt
€79,931
▲ 3.2%
2025
20182025
Working capital
€6,242
▼ 33.8%
2025
middle half of the sector
20182025
Solvency
7.2%
▼ 3.6pp
2025
lowest quarter of the sector
20182025
Current ratio
1.08
▼ 0.04
2025
middle half of the sector
20182025
Return on assets (ROA)
-3.7%
▲ 1.1pp
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-€2,662--€3,586▼ 34.7%-€1,809▲ 49.6%-€1,756▲ 2.9%-€2,326▼ 32.4%-€2,681▼ 15.2%-€4,124▼ 53.8%-€3,154▲ 23.5%
Net result-€2,682--€3,608▼ 34.5%-€1,835below the sector's middle half▲ 49.1%-€1,770within the sector's middle half▲ 3.6%-€2,359within the sector's middle half▼ 33.3%-€2,714within the sector's middle half▼ 15.0%-€4,161below the sector's middle half▼ 53.4%-€3,189below the sector's middle half▲ 23.4%
Equity€25,878-€22,270▼ 13.9%€20,435within the sector's middle half▼ 8.2%€18,666within the sector's middle half▼ 8.7%€16,307within the sector's middle half▼ 12.6%€13,593within the sector's middle half▼ 16.6%€9,432within the sector's middle half▼ 30.6%€6,242below the sector's middle half▼ 33.8%
Total assets€89,998-€88,593▼ 1.6%€90,876within the sector's middle half▲ 2.6%€88,609within the sector's middle half▼ 2.5%€86,560within the sector's middle half▼ 2.3%€86,427within the sector's middle half▼ 0.2%€86,861within the sector's middle half▲ 0.5%€86,174below the sector's middle half▼ 0.8%
Debt€64,121-€66,323▲ 3.4%€70,441▲ 6.2%€69,944▼ 0.7%€70,253▲ 0.4%€72,834▲ 3.7%€77,429▲ 6.3%€79,931▲ 3.2%
Working capital€25,878-€22,270▼ 13.9%€20,435within the sector's middle half▼ 8.2%€18,666within the sector's middle half▼ 8.7%€16,307within the sector's middle half▼ 12.6%€13,593within the sector's middle half▼ 16.6%€9,432within the sector's middle half▼ 30.6%€6,242within the sector's middle half▼ 33.8%
Solvency28.8%-25.1%▼ 3.6pp22.5%within the sector's middle half▼ 2.7pp21.1%within the sector's middle half▼ 1.4pp18.8%within the sector's middle half▼ 2.2pp15.7%within the sector's middle half▼ 3.1pp10.9%within the sector's middle half▼ 4.9pp7.2%below the sector's middle half▼ 3.6pp
Current ratio1.40-1.34▼ 0.071.29within the sector's middle half▼ 0.051.27within the sector's middle half▼ 0.021.23within the sector's middle half▼ 0.031.19within the sector's middle half▼ 0.051.12within the sector's middle half▼ 0.061.08within the sector's middle half▼ 0.04
Return on assets (ROA)-3.0%--4.1%▼ 1.1pp-2.0%below the sector's middle half▲ 2.1pp-2.0%below the sector's middle half=-2.7%within the sector's middle half▼ 0.7pp-3.1%within the sector's middle half▼ 0.4pp-4.8%below the sector's middle half▼ 1.7pp-3.7%below the sector's middle half▲ 1.1pp
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 a loss of €3,154, smaller than the loss of €4,124 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €86,174
Equity
€6,242 ▼ 33.8%
Debt
€79,931 ▲ 3.2%
Debt's share of the balance-sheet total rises from 89.1% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.00▼
2024 · 0.01
Debt to equity
12.80▲
2024 · 8.21
ROE
-51.1%▼
2024 · -44.1%
Debt ≤ 1 year
€79,931▲
2024 · €77,429
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,101 | €1,102 | €1,142 | €1,206 | €1,443 | ▲ 19.7% |
| Gross operating margin9900 | -€1,567 | -€2,489 | -€710 | -€655 | -€1,224 | -€1,539 | -€2,918 | -€1,710 | ▲ 41.4% |
| Operating profit (loss)9901 | -€2,662 | -€3,586 | -€1,809 | -€1,756 | -€2,326 | -€2,681 | -€4,124 | -€3,154 | ▲ 23.5% |
| Financial income75/76B | - | - | - | €18 | - | - | - | €1 | - |
| Recurring financial income75 | €1 | €2 | €1 | €18 | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €32 | €33 | €33 | €38 | €37 | ▼ 1.9% |
| Recurring financial charges65 | €21 | €23 | €27 | €32 | €33 | €33 | €38 | €37 | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | -€2,682 | -€3,608 | -€1,835 | -€1,770 | -€2,359 | -€2,714 | -€4,161 | -€3,189 | ▲ 23.4% |
| Profit (loss) for the period9904 | -€2,682 | -€3,608 | -€1,835 | -€1,770 | -€2,359 | -€2,714 | -€4,161 | -€3,189 | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | -€2,682 | -€3,608 | -€1,835 | -€1,770 | -€2,359 | -€2,714 | -€4,161 | -€3,189 | ▲ 23.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €89,998 | €88,593 | €90,876 | €88,609 | €86,560 | €86,427 | €86,861 | €86,174 | ▼ 0.8% |
| Current assets29/58 | €89,998 | €88,593 | €90,876 | €88,609 | €86,560 | €86,427 | €86,861 | €86,174 | ▼ 0.8% |
| Stocks and contracts in progress3 | €87,262 | €85,982 | €85,982 | €85,982 | €85,982 | €85,982 | €85,982 | €85,982 | = |
| Stocks30/36 | - | - | - | €85,982 | €85,982 | €85,982 | €85,982 | €85,982 | = |
| Amounts receivable within one year40/41 | €2,341 | €1,188 | €2,093 | €644 | €293 | €153 | €599 | €86 | ▼ 85.6% |
| Other amounts receivable41 | - | - | - | €644 | €293 | €153 | €599 | €86 | ▼ 85.6% |
| Cash at bank and in hand54/58 | €395 | €1,423 | €2,800 | €1,983 | €285 | €292 | €280 | €22 | ▼ 92.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €84 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €89,998 | €88,593 | €90,876 | €88,609 | €86,560 | €86,427 | €86,861 | €86,174 | ▼ 0.8% |
| Equity10/15 | €25,878 | €22,270 | €20,435 | €18,666 | €16,307 | €13,593 | €9,432 | €6,242 | ▼ 33.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €4,098 | €4,098 | €4,098 | €4,098 | €4,098 | €4,098 | €4,098 | €4,098 | = |
| Non-distributable reserves130/1 | - | - | - | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Legal reserve130 | - | - | - | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Distributable reserves133 | - | - | - | €3,048 | €3,048 | €3,048 | €3,048 | €3,048 | = |
| Profit (loss) carried forward14 | -€40,220 | -€43,828 | -€45,663 | -€47,432 | -€49,791 | -€52,504 | -€56,666 | -€59,855 | ▼ 5.6% |
| Amounts payable17/49 | €64,121 | €66,323 | €70,441 | €69,944 | €70,253 | €72,834 | €77,429 | €79,931 | ▲ 3.2% |
| Amounts payable within one year42/48 | €64,121 | €66,323 | €70,441 | €69,944 | €70,253 | €72,834 | €77,429 | €79,931 | ▲ 3.2% |
| Trade debts44 | €953 | €434 | €1,552 | €803 | €112 | €431 | €126 | €128 | ▲ 1.6% |
| Suppliers440/4 | - | - | - | €803 | €112 | €431 | €126 | €128 | ▲ 1.6% |
| Other amounts payable47/48 | - | - | - | €69,141 | €70,141 | €72,403 | €77,303 | €79,803 | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,682 | -€3,608 | -€1,835 | -€1,770 | -€2,359 | -€2,714 | -€4,161 | -€3,189 | ▲ 23.4% |
| Operating cash flow (approximation) | -€2,682 | -€3,608 | -€1,835 | -€1,770 | -€2,359 | -€2,714 | -€4,161 | -€3,189 | ▲ 23.4% |
| Change in cash | - | €1,028 | €1,378 | -€817 | -€1,698 | €7 | -€12 | -€258 | ▼ 2,022% |
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, 974 companies had the same profile as IDEE has now. Two years later, 92.8% were still going and 2.3% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
92.8%
was still going
4.5%
stopped otherwise
2.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IDEE itself: 0.7% 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 974 companies, not a prediction for IDEE. 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 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00258661 | |
| 31-12-2024 | micro format | 14-08-2025 | 2025-00377131 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00251424 | |
| 31-12-2022 | micro format | 16-08-2023 | 2023-00330470 | |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20281064 | |
| 31-12-2020 | micro format | 19-08-2021 | 2021-50500493 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60500252 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32500039 | |
| 31-12-2017 | micro format | 14-06-2018 | 2018-19100182 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-36100022 |