ILUNIMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 10 filings
Turnover
≈ €170,000
Estimated: probably between €130,000 and €240,000
Total assets
€381,815▲ 0.3%
2024 · €380,593
Net result
€32,907▲ 81.7%
2024 · €18,106
Working capital
€42,010▲ 354%
2024 · €9,248
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€49,934
▲ 60.3%
2025
20182025
Net result
€32,907
▲ 81.7%
2025
middle half of the sector
20182025
Equity
€133,253
▲ 32.8%
2025
middle half of the sector
20182025
Total assets
€381,815
▲ 0.3%
2025
highest quarter of the sector
20182025
Debt
€248,562
▼ 11.3%
2025
20182025
Working capital
€42,010
▲ 354%
2025
middle half of the sector
20182025
Solvency
34.9%
▲ 8.5pp
2025
middle half of the sector
20182025
Current ratio
1.75
▲ 0.59
2025
middle half of the sector
20182025
Return on assets (ROA)
8.6%
▲ 3.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€40,904-€26,368▼ 35.5%€12,495▼ 52.6%€37,129▲ 197%€25,643▼ 30.9%€25,604▼ 0.2%€31,147▲ 21.6%€49,934▲ 60.3%
Net result€28,229-€17,216▼ 39.0%€4,527within the sector's middle half▼ 73.7%€23,057within the sector's middle half▲ 409%€14,497within the sector's middle half▼ 37.1%€14,683within the sector's middle half▲ 1.3%€18,106within the sector's middle half▲ 23.3%€32,907within the sector's middle half▲ 81.7%
Equity€25,263-€42,478▲ 68.1%€47,005within the sector's middle half▲ 10.7%€64,062within the sector's middle half▲ 36.3%€78,559within the sector's middle half▲ 22.6%€93,242within the sector's middle half▲ 18.7%€100,346within the sector's middle half▲ 7.6%€133,253within the sector's middle half▲ 32.8%
Total assets€308,255-€406,321▲ 31.8%€374,123above the sector's middle half▼ 7.9%€379,316above the sector's middle half▲ 1.4%€379,257above the sector's middle half=€391,190above the sector's middle half▲ 3.1%€380,593above the sector's middle half▼ 2.7%€381,815above the sector's middle half▲ 0.3%
Debt€282,993-€363,843▲ 28.6%€327,118▼ 10.1%€315,254▼ 3.6%€300,698▼ 4.6%€297,948▼ 0.9%€280,247▼ 5.9%€248,562▼ 11.3%
Working capital€15,712-€19,301▲ 22.8%€19,468within the sector's middle half▲ 0.9%€15,516within the sector's middle half▼ 20.3%€15,867within the sector's middle half▲ 2.3%€1,434below the sector's middle half▼ 91.0%€9,248within the sector's middle half▲ 545%€42,010within the sector's middle half▲ 354%
Solvency8.2%-10.5%▲ 2.3pp12.6%below the sector's middle half▲ 2.1pp16.9%below the sector's middle half▲ 4.3pp20.7%below the sector's middle half▲ 3.8pp23.8%below the sector's middle half▲ 3.1pp26.4%below the sector's middle half▲ 2.5pp34.9%within the sector's middle half▲ 8.5pp
Current ratio1.54-1.39▼ 0.141.58within the sector's middle half▲ 0.181.37within the sector's middle half▼ 0.211.33within the sector's middle half▼ 0.041.03below the sector's middle half▼ 0.291.16below the sector's middle half▲ 0.131.75within the sector's middle half▲ 0.59
Return on assets (ROA)9.2%-4.2%▼ 4.9pp1.2%within the sector's middle half▼ 3.0pp6.1%within the sector's middle half▲ 4.9pp3.8%within the sector's middle half▼ 2.3pp3.8%within the sector's middle half▼ 0.1pp4.8%within the sector's middle half▲ 1.0pp8.6%within the sector's middle half▲ 3.9pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 60% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The 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 €381,815
Fixed assets
€284,054 ▼ 9.5%
Current assets
€97,760 ▲ 46.5%
Equity and liabilities €381,815
Equity
€133,253 ▲ 32.8%
Debt
€248,562 ▼ 11.3%
Debt's share of the balance-sheet total falls from 73.6% to 65.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79,739▲
2024 · €61,060
Cash flow
€62,711▲
2024 · €48,020
Debt to equity
1.87▼
2024 · 2.79
ROE
24.7%▲
2024 · 18.0%
Interest coverage
15.46▲
2024 · 10.27
Debt ≤ 1 year
€55,750▼
2024 · €57,486
Debt > 1 year
€192,811▼
2024 · €222,644
Income taxes
€12,505▲
2024 · €7,121
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,225 | €10,199 | €50,263 | - | - |
| Depreciation and write-downs of the year | €15,717 | €16,937 | €21,203 | €29,913 | €29,805 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €7,559 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,765 | €19,712 | €18,594 | €15,717 | €16,937 | €21,203 | €29,913 | €29,805 | ▼ 0.4% |
| Other operating charges640/8 | - | - | - | €1,812 | €2,037 | €2,012 | €1,679 | €1,732 | ▲ 3.1% |
| Gross operating margin9900 | €58,827 | €49,050 | €32,888 | €54,658 | €44,617 | €48,819 | €62,739 | €81,470 | ▲ 29.9% |
| Operating profit (loss)9901 | €40,904 | €26,368 | €12,495 | €37,129 | €25,643 | €25,604 | €31,147 | €49,934 | ▲ 60.3% |
| Financial income75/76B | - | - | - | €1 | - | €45 | €27 | €637 | ▲ 24× |
| Recurring financial income75 | €1 | €1 | €174 | €1 | - | €45 | €27 | €637 | ▲ 24× |
| Financial charges65/66B | - | - | - | €5,737 | €5,480 | €5,811 | €5,946 | €5,159 | ▼ 13.2% |
| Recurring financial charges65 | €6,128 | €6,012 | €5,916 | €5,737 | €5,480 | €5,811 | €5,946 | €5,159 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €34,777 | €20,357 | €6,753 | €31,393 | €20,163 | €19,838 | €25,227 | €45,412 | ▲ 80.0% |
| Income taxes67/77 | €6,548 | €3,141 | €2,226 | €8,335 | €5,666 | €5,155 | €7,121 | €12,505 | ▲ 75.6% |
| Profit (loss) for the period9904 | €28,229 | €17,216 | €4,527 | €23,057 | €14,497 | €14,683 | €18,106 | €32,907 | ▲ 81.7% |
| Profit (loss) for the period to be appropriated9905 | €28,229 | €17,216 | €4,527 | €23,057 | €14,497 | €14,683 | €18,106 | €32,907 | ▲ 81.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €308,255 | €406,321 | €374,123 | €379,316 | €379,257 | €391,190 | €380,593 | €381,815 | ▲ 0.3% |
| Fixed assets21/28 | €263,323 | €338,135 | €320,942 | €321,450 | €314,713 | €343,772 | €313,859 | €284,054 | ▼ 9.5% |
| Tangible fixed assets22/27 | €263,323 | €338,135 | €320,942 | €321,450 | €314,713 | €343,772 | €313,859 | €284,054 | ▼ 9.5% |
| Land and buildings22 | - | - | - | €222,768 | €212,642 | €202,516 | €192,391 | €182,265 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | - | - | €1,129 | €848 | €567 | €286 | €5 | ▼ 98.4% |
| Furniture and vehicles24 | - | - | - | - | €1,047 | €43,173 | €31,395 | €19,726 | ▼ 37.2% |
| Other tangible fixed assets26 | - | - | - | €97,553 | €100,175 | €97,516 | €89,788 | €82,059 | ▼ 8.6% |
| Current assets29/58 | €44,933 | €68,186 | €53,180 | €57,866 | €64,545 | €47,418 | €66,734 | €97,760 | ▲ 46.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €42,000 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €42,000 | - |
| Amounts receivable within one year40/41 | €2,754 | €29,394 | €17,487 | €11,379 | €22,268 | €20,421 | €36,567 | €36,179 | ▼ 1.1% |
| Trade receivables40 | - | - | - | €6,664 | €17,799 | €11,100 | €36,567 | €36,179 | ▼ 1.1% |
| Other amounts receivable41 | - | - | - | €4,715 | €4,469 | €9,321 | - | - | - |
| Cash at bank and in hand54/58 | €26,581 | €34,310 | €19,373 | €44,144 | €40,474 | €22,855 | €28,575 | €17,977 | ▼ 37.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,343 | €1,803 | €4,142 | €1,592 | €1,604 | ▲ 0.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €308,255 | €406,321 | €374,123 | €379,316 | €379,257 | €391,190 | €380,593 | €381,815 | ▲ 0.3% |
| Equity10/15 | €25,263 | €42,478 | €47,005 | €64,062 | €78,559 | €93,242 | €100,346 | €133,253 | ▲ 32.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €12,863 | €30,078 | €34,605 | €51,662 | €66,159 | €80,842 | €87,946 | €120,853 | ▲ 37.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €49,802 | €64,299 | €80,842 | €87,946 | €120,853 | ▲ 37.4% |
| Amounts payable17/49 | €282,993 | €363,843 | €327,118 | €315,254 | €300,698 | €297,948 | €280,247 | €248,562 | ▼ 11.3% |
| Amounts payable after more than one year17 | €252,522 | €313,658 | €293,405 | €272,801 | €251,839 | €251,742 | €222,644 | €192,811 | ▼ 13.4% |
| Financial debts170/4 | - | - | - | €272,801 | €251,839 | €251,742 | €222,644 | €192,811 | ▼ 13.4% |
| Amounts payable within one year42/48 | €29,221 | €48,885 | €33,712 | €42,350 | €48,678 | €45,983 | €57,486 | €55,750 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,617 | €24,309 | €31,761 | €29,097 | €29,833 | ▲ 2.5% |
| Trade debts44 | €5,573 | €25,229 | €9,630 | €9,195 | €6,505 | €4,681 | €6,959 | €5,940 | ▼ 14.6% |
| Suppliers440/4 | - | - | - | €9,195 | €6,505 | €4,681 | €6,959 | €5,940 | ▼ 14.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €12,534 | €7,859 | €16,276 | €19,816 | ▲ 21.7% |
| Taxes450/3 | - | - | - | - | €12,534 | €7,859 | €16,276 | €19,816 | ▲ 21.7% |
| Other amounts payable47/48 | - | - | - | €8,538 | €5,331 | €1,681 | €5,154 | €162 | ▼ 96.9% |
| Accrued charges and deferred income492/3 | - | - | - | €103 | €181 | €223 | €116 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,229 | €17,216 | €4,527 | €23,057 | €14,497 | €14,683 | €18,106 | €32,907 | ▲ 81.7% |
| + Depreciation and write-downs630 | €16,765 | €19,712 | €18,594 | €15,717 | €16,937 | €21,203 | €29,913 | €29,805 | ▼ 0.4% |
| Operating cash flow (approximation) | €44,994 | €36,928 | €23,121 | €38,774 | €31,434 | €35,886 | €48,020 | €62,711 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | -€94,525 | -€1,401 | -€16,225 | -€10,199 | -€50,263 | €0 | €0 | - |
| Change in cash | - | €7,729 | -€14,936 | €24,771 | -€3,670 | -€17,619 | €5,720 | -€10,597 | - |
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 ILUNIMO 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 ILUNIMO 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 ILUNIMO. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00146713 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00116131 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00128520 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00375334 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20118718 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44500420 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38100485 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600297 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36100355 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-53600351 |