IDfix
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-03-2026 PDF all 14 filings
Turnover
≈ €110,000
Estimated: probably between €99,000 and €150,000
Total assets
€110,468▼ 21.4%
2024 · €140,525
Net result
€21,408▼ 24.1%
2024 · €28,191
Working capital
€94,159▼ 21.6%
2024 · €120,040
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€50,491
▲ 30.5%
2025
20192025
Net result
€21,408
▼ 24.1%
2025
middle half of the sector
20192025
Equity
€99,740
▼ 20.5%
2025
middle half of the sector
20192025
Total assets
€110,468
▼ 21.4%
2025
middle half of the sector
20192025
Debt
€10,728
▼ 28.5%
2025
20192025
Working capital
€94,159
▼ 21.6%
2025
middle half of the sector
20192025
Solvency
90.3%
▲ 1.0pp
2025
highest quarter of the sector
20192025
Current ratio
9.78
▲ 0.78
2025
highest quarter of the sector
20192025
Return on assets (ROA)
19.4%
▼ 0.7pp
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€70,697-€28,425▼ 59.8%€7,006▼ 75.4%€32,486▲ 364%€37,382▲ 15.1%€38,697▲ 3.5%€50,491▲ 30.5%
Net result€52,258-€19,947within the sector's middle half▼ 61.8%€4,251within the sector's middle half▼ 78.7%€24,127within the sector's middle half▲ 468%€28,142within the sector's middle half▲ 16.6%€28,191within the sector's middle half▲ 0.2%€21,408within the sector's middle half▼ 24.1%
Equity€122,515-€142,461within the sector's middle half▲ 16.3%€146,712within the sector's middle half▲ 3.0%€88,743within the sector's middle half▼ 39.5%€103,165within the sector's middle half▲ 16.3%€125,523within the sector's middle half▲ 21.7%€99,740within the sector's middle half▼ 20.5%
Total assets€144,796-€146,472within the sector's middle half▲ 1.2%€147,324within the sector's middle half▲ 0.6%€109,549within the sector's middle half▼ 25.6%€126,858within the sector's middle half▲ 15.8%€140,525below the sector's middle half▲ 10.8%€110,468within the sector's middle half▼ 21.4%
Debt€22,281-€4,011▼ 82.0%€612▼ 84.7%€20,807▲ 34×€23,693▲ 13.9%€15,002▼ 36.7%€10,728▼ 28.5%
Working capital€114,539-€133,643above the sector's middle half▲ 16.7%€139,974above the sector's middle half▲ 4.7%€83,747within the sector's middle half▼ 40.2%€99,325within the sector's middle half▲ 18.6%€120,040within the sector's middle half▲ 20.9%€94,159within the sector's middle half▼ 21.6%
Solvency84.6%-97.3%above the sector's middle half▲ 12.6pp99.6%above the sector's middle half▲ 2.3pp81.0%above the sector's middle half▼ 18.6pp81.3%above the sector's middle half▲ 0.3pp89.3%above the sector's middle half▲ 8.0pp90.3%above the sector's middle half▲ 1.0pp
Current ratio6.14-34.40above the sector's middle half▲ 28.265.03above the sector's middle half5.19above the sector's middle half▲ 0.179.00above the sector's middle half▲ 3.819.78above the sector's middle half▲ 0.78
Return on assets (ROA)36.1%-13.6%within the sector's middle half▼ 22.5pp2.9%within the sector's middle half▼ 10.7pp22.0%within the sector's middle half▲ 19.1pp22.2%within the sector's middle half▲ 0.2pp20.1%above the sector's middle half▼ 2.1pp19.4%within the sector's middle half▼ 0.7pp
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 30% higher than in 2024 and the highest since 2021. It is the fourth rise 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 €110,468
Fixed assets
€5,581 ▲ 1.8%
Current assets
€104,886 ▼ 22.3%
Equity and liabilities €110,468
Equity
€99,740 ▼ 20.5%
Debt
€10,728 ▼ 28.5%
Debt's share of the balance-sheet total falls from 10.7% to 9.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€51,768▲
2024 · €39,563
Cash flow
€22,685▼
2024 · €29,058
Debt to equity
0.11▼
2024 · 0.12
ROE
21.5%▼
2024 · 22.5%
Interest coverage
20.10▼
2024 · over 100
Debt ≤ 1 year
€10,728▼
2024 · €15,002
Income taxes
€9,900▼
2024 · €10,848
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €3,874 |
| Financial fixed assets | - | - | €2,500 | - |
| Depreciation and write-downs of the year | €1,742 | €1,156 | €866 | €1,277 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,204 | €1,791 | €2,081 | €1,742 | €1,156 | €866 | €1,277 | ▲ 47.4% |
| Other operating charges640/8 | - | - | - | €767 | €432 | €497 | €518 | ▲ 4.4% |
| Gross operating margin9900 | €72,900 | €30,649 | €9,525 | €34,996 | €38,970 | €40,060 | €52,286 | ▲ 30.5% |
| Operating profit (loss)9901 | €70,697 | €28,425 | €7,006 | €32,486 | €37,382 | €38,697 | €50,491 | ▲ 30.5% |
| Financial income75/76B | - | - | - | €51 | €45 | €415 | €443 | ▲ 6.7% |
| Recurring financial income75 | €142 | €113 | €28 | €51 | €45 | €415 | €443 | ▲ 6.7% |
| Financial charges65/66B | - | - | - | €69 | €80 | €73 | €19,625 | ▲ 269× |
| Recurring financial charges65 | €78 | €55 | €58 | €69 | €80 | €73 | €2,575 | ▲ 35× |
| Non-recurring financial charges66B | - | - | - | - | - | - | €17,050 | - |
| Profit (loss) for the period before taxes9903 | €70,761 | €28,483 | €6,976 | €32,468 | €37,347 | €39,039 | €31,309 | ▼ 19.8% |
| Income taxes67/77 | €18,502 | €8,537 | €2,726 | €8,341 | €9,205 | €10,848 | €9,900 | ▼ 8.7% |
| Profit (loss) for the period9904 | €52,258 | €19,947 | €4,251 | €24,127 | €28,142 | €28,191 | €21,408 | ▼ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €52,258 | €19,947 | €4,251 | €24,127 | €28,142 | €28,191 | €21,408 | ▼ 24.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €144,796 | €146,472 | €147,324 | €109,549 | €126,858 | €140,525 | €110,468 | ▼ 21.4% |
| Fixed assets21/28 | €7,991 | €8,829 | €6,748 | €5,006 | €3,850 | €5,484 | €5,581 | ▲ 1.8% |
| Tangible fixed assets22/27 | €7,991 | €8,829 | €6,748 | €5,006 | €3,850 | €2,984 | €5,581 | ▲ 87.1% |
| Furniture and vehicles24 | - | - | - | €2,598 | €1,924 | €1,539 | €4,618 | ▲ 200% |
| Other tangible fixed assets26 | - | - | - | €2,407 | €1,926 | €1,444 | €963 | ▼ 33.3% |
| Financial fixed assets28 | - | - | - | - | - | €2,500 | - | - |
| Current assets29/58 | €136,805 | €137,643 | €140,576 | €104,543 | €123,008 | €135,042 | €104,886 | ▼ 22.3% |
| Amounts receivable after more than one year29 | - | - | - | €3,500 | €3,500 | €2,500 | - | - |
| Other amounts receivable291 | - | - | - | €3,500 | €3,500 | €2,500 | - | - |
| Amounts receivable within one year40/41 | €16,660 | €10,449 | €8,024 | €10,605 | €16,125 | €40,253 | €16,992 | ▼ 57.8% |
| Trade receivables40 | - | - | - | €10,075 | €15,060 | €15,204 | €16,987 | ▲ 11.7% |
| Other amounts receivable41 | - | - | - | €530 | €1,065 | €25,050 | €5 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €117,705 | €124,666 | €129,843 | €88,358 | €100,982 | €89,772 | €85,313 | ▼ 5.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,080 | €2,401 | €2,517 | €2,581 | ▲ 2.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €144,796 | €146,472 | €147,324 | €109,549 | €126,858 | €140,525 | €110,468 | ▼ 21.4% |
| Equity10/15 | €122,515 | €142,461 | €146,712 | €88,743 | €103,165 | €125,523 | €99,740 | ▼ 20.5% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €116,315 | €136,261 | €140,512 | €82,543 | €96,965 | €119,323 | €93,540 | ▼ 21.6% |
| Distributable reserves133 | - | - | - | €82,543 | €96,965 | €119,323 | €93,540 | ▼ 21.6% |
| Amounts payable17/49 | €22,281 | €4,011 | €612 | €20,807 | €23,693 | €15,002 | €10,728 | ▼ 28.5% |
| Amounts payable within one year42/48 | €22,265 | €4,001 | €602 | €20,797 | €23,683 | €15,002 | €10,728 | ▼ 28.5% |
| Trade debts44 | €4,370 | €1,577 | €436 | €3,045 | €2,140 | €1,773 | €1,921 | ▲ 8.3% |
| Suppliers440/4 | - | - | - | €3,045 | €2,140 | €1,773 | €1,921 | ▲ 8.3% |
| Taxes, remuneration and social security45 | - | - | - | €5,752 | €7,823 | €7,078 | €5,319 | ▼ 24.9% |
| Taxes450/3 | - | - | - | €3,310 | €5,328 | €4,543 | €2,767 | ▼ 39.1% |
| Remuneration and social security454/9 | - | - | - | €2,441 | €2,495 | €2,536 | €2,552 | ▲ 0.6% |
| Other amounts payable47/48 | - | - | - | €12,000 | €13,720 | €6,151 | €3,488 | ▼ 43.3% |
| Accrued charges and deferred income492/3 | - | - | - | €10 | €10 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,258 | €19,947 | €4,251 | €24,127 | €28,142 | €28,191 | €21,408 | ▼ 24.1% |
| + Depreciation and write-downs630 | €1,204 | €1,791 | €2,081 | €1,742 | €1,156 | €866 | €1,277 | ▲ 47.4% |
| Operating cash flow (approximation) | €53,463 | €21,737 | €6,331 | €25,869 | €29,298 | €29,058 | €22,685 | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | -€2,628 | €0 | €0 | €0 | -€2,500 | -€1,374 | ▲ 45.0% |
| Change in cash | - | €6,961 | €5,177 | -€41,485 | €12,624 | -€11,210 | -€4,458 | ▲ 60.2% |
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, 34,693 companies had the same profile as IDfix has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of IDfix 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 34,693 companies, not a prediction for IDfix. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 02-03-2026 | 2026-00046315 | |
| 30-09-2024 | abbreviated format | 06-03-2025 | 2025-00044359 | |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00049312 | |
| 30-09-2022 | micro format | 03-03-2023 | 2023-00034959 | |
| 30-09-2021 | micro format | 04-03-2022 | 2022-07000155 | |
| 30-09-2020 | micro format | 16-03-2021 | 2021-07600123 | |
| 30-09-2019 | micro format | 02-03-2020 | 2020-05900540 | |
| 30-09-2018 | micro format | 22-02-2019 | 2019-05500294 | |
| 30-09-2017 | abbreviated format | 20-03-2018 | 2018-07000589 | |
| 30-09-2016 | abbreviated format | 27-02-2017 | 2017-05100163 |