INTERCLIM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-05-2026 PDF all 26 filings
Turnover
≈ €190,000
Estimated: probably between €120,000 and €320,000
Total assets
€46,791▼ 19.7%
2024 · €58,240
Net result
-€1,837
2024 · €12,885
Working capital
€16,044▲ 12.8%
2024 · €14,229
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€648
▼ 95.7%
2025
20182025
Net result
-€1,837
2025
lowest quarter of the sector
20182025
Equity
€36,155
▼ 4.8%
2025
middle half of the sector
20182025
Total assets
€46,791
▼ 19.7%
2025
lowest quarter of the sector
20182025
Debt
€10,636
▼ 47.5%
2025
20182025
Working capital
€16,044
▲ 12.8%
2025
middle half of the sector
20182025
Solvency
77.3%
▲ 12.0pp
2025
highest quarter of the sector
20182025
Current ratio
2.51
▲ 0.80
2025
middle half of the sector
20182025
Return on assets (ROA)
-3.9%
▼ 26.1pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€12,527--€9,968▲ 20.4%-€13,482▼ 35.3%-€15,740▼ 16.7%€2,410€5,579▲ 131%€15,030▲ 169%€648▼ 95.7%
Net result-€12,255--€6,375▲ 48.0%-€12,199below the sector's middle half▼ 91.4%-€16,605below the sector's middle half▼ 36.1%€1,206within the sector's middle half€5,727within the sector's middle half▲ 375%€12,885within the sector's middle half▲ 125%-€1,837below the sector's middle half
Equity€56,283-€46,977▼ 16.5%€34,778within the sector's middle half▼ 26.0%€18,173below the sector's middle half▼ 47.7%€19,379below the sector's middle half▲ 6.6%€25,106within the sector's middle half▲ 29.6%€37,992within the sector's middle half▲ 51.3%€36,155within the sector's middle half▼ 4.8%
Total assets€56,751-€47,105▼ 17.0%€142,643within the sector's middle half▲ 203%€77,229below the sector's middle half▼ 45.9%€64,607below the sector's middle half▼ 16.3%€67,496below the sector's middle half▲ 4.5%€58,240below the sector's middle half▼ 13.7%€46,791below the sector's middle half▼ 19.7%
Debt€467-€127▼ 72.8%€107,865▲ 847×€59,056▼ 45.3%€45,227▼ 23.4%€42,390▼ 6.3%€20,248▼ 52.2%€10,636▼ 47.5%
Working capital€34,497-€27,532▼ 20.2%-€1,133below the sector's middle half-€9,790below the sector's middle half▼ 764%-€3,866below the sector's middle half▲ 60.5%-€6,709below the sector's middle half▼ 73.5%€14,229within the sector's middle half€16,044within the sector's middle half▲ 12.8%
Solvency99.2%-99.7%▲ 0.6pp24.4%within the sector's middle half▼ 75.3pp23.5%within the sector's middle half▼ 0.8pp30.0%within the sector's middle half▲ 6.5pp37.2%within the sector's middle half▲ 7.2pp65.2%within the sector's middle half▲ 28.0pp77.3%above the sector's middle half▲ 12.0pp
Current ratio74.81-0.99below the sector's middle half0.83below the sector's middle half▼ 0.160.91below the sector's middle half▲ 0.080.84below the sector's middle half▼ 0.071.70within the sector's middle half▲ 0.862.51within the sector's middle half▲ 0.80
Return on assets (ROA)-21.6%--13.5%▲ 8.1pp-8.6%below the sector's middle half▲ 5.0pp-21.5%below the sector's middle half▼ 12.9pp1.9%within the sector's middle half▲ 23.4pp8.5%within the sector's middle half▲ 6.6pp22.1%above the sector's middle half▲ 13.6pp-3.9%below the sector's middle half▼ 26.1pp
Staff (FTE)2.6within the sector's middle half3.1▲ 19.2%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). 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 96% lower than in 2024.
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 €46,791
Fixed assets
€20,111 ▼ 15.5%
Current assets
€26,680 ▼ 22.5%
Equity and liabilities €46,791
Equity
€36,155 ▼ 4.8%
Debt
€10,636 ▼ 47.5%
Debt's share of the balance-sheet total falls from 34.8% to 22.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,711▼
2024 · €26,710
Cash flow
€8,226▼
2024 · €24,566
Debt to equity
0.29▼
2024 · 0.53
ROE
-5.1%▼
2024 · 33.9%
Interest coverage
14.71▼
2024 · 35.64
Debt ≤ 1 year
€10,636▼
2024 · €20,198
Income taxes
€1,757▼
2024 · €2,708
Staff costs
€50,871▲
2024 · €49,259
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 3 |
| in full-time equivalents | 3 |
| Average over the year, in full-time equivalents | 3.1 |
| On a permanent contract | 3 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €21,375 | €2,846 | €2,038 |
| Financial fixed assets | - | €7,498 | €1,457 | €1,256 | €8,170 |
| Depreciation and write-downs of the year | €7,775 | €9,926 | €8,236 | €11,680 | €10,063 |
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 | - | - | - | - | - | - | €7,851 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €110,802 | €79,888 | €47,971 | €49,259 | €50,871 | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,342 | €2,342 | €2,357 | €7,775 | €9,926 | €8,236 | €11,680 | €10,063 | ▼ 13.8% |
| Other operating charges640/8 | - | - | - | - | €177 | €667 | €153 | €289 | ▲ 89.2% |
| Gross operating margin9900 | -€10,052 | -€6,998 | €65,485 | €102,838 | €92,401 | €62,453 | €76,122 | €61,871 | ▼ 18.7% |
| Operating profit (loss)9901 | -€12,527 | -€9,968 | -€13,482 | -€15,740 | €2,410 | €5,579 | €15,030 | €648 | ▼ 95.7% |
| Financial income75/76B | - | - | - | €353 | €3 | €975 | €1,313 | - | - |
| Recurring financial income75 | €378 | €3,729 | €1,805 | €353 | €3 | €975 | €1,313 | - | - |
| Financial charges65/66B | - | - | - | €878 | €727 | €811 | €749 | €728 | ▼ 2.8% |
| Recurring financial charges65 | €106 | €136 | €183 | €878 | €727 | €811 | €749 | €728 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | -€12,255 | -€6,375 | -€11,860 | -€16,265 | €1,686 | €5,742 | €15,593 | -€81 | - |
| Income taxes67/77 | - | - | €339 | €340 | €480 | €15 | €2,708 | €1,757 | ▼ 35.1% |
| Profit (loss) for the period9904 | -€12,255 | -€6,375 | -€12,199 | -€16,605 | €1,206 | €5,727 | €12,885 | -€1,837 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,255 | -€6,375 | -€12,199 | -€16,605 | €1,206 | €5,727 | €12,885 | -€1,837 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €56,751 | €47,105 | €142,643 | €77,229 | €64,607 | €67,496 | €58,240 | €46,791 | ▼ 19.7% |
| Fixed assets21/28 | €21,787 | €19,445 | €35,912 | €27,963 | €23,245 | €31,815 | €23,813 | €20,111 | ▼ 15.5% |
| Tangible fixed assets22/27 | €21,787 | €19,445 | €31,891 | €24,116 | €14,189 | €27,328 | €18,494 | €10,469 | ▼ 43.4% |
| Plant, machinery and equipment23 | - | - | - | €1,769 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €10,007 | €5,427 | €22,144 | €16,888 | €10,469 | ▼ 38.0% |
| Other tangible fixed assets26 | - | - | - | €12,340 | €8,762 | €5,184 | €1,606 | - | - |
| Financial fixed assets28 | - | - | €4,020 | €3,847 | €9,056 | €4,487 | €5,319 | €9,641 | ▲ 81.3% |
| Current assets29/58 | €34,964 | €27,659 | €106,732 | €49,266 | €41,362 | €35,681 | €34,427 | €26,680 | ▼ 22.5% |
| Amounts receivable within one year40/41 | €13,900 | €14,994 | €106,623 | €48,824 | €40,367 | €19,684 | €30,896 | €24,187 | ▼ 21.7% |
| Trade receivables40 | - | - | - | €37,117 | €40,105 | €17,404 | €28,997 | €19,456 | ▼ 32.9% |
| Other amounts receivable41 | - | - | - | €11,707 | €263 | €2,280 | €1,899 | €4,731 | ▲ 149% |
| Cash at bank and in hand54/58 | €21,064 | €12,665 | €108 | €442 | €994 | €13,908 | €2,319 | €2,394 | ▲ 3.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €2,090 | €1,211 | €99 | ▼ 91.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €56,751 | €47,105 | €142,643 | €77,229 | €64,607 | €67,496 | €58,240 | €46,791 | ▼ 19.7% |
| Equity10/15 | €56,283 | €46,977 | €34,778 | €18,173 | €19,379 | €25,106 | €37,992 | €36,155 | ▼ 4.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,791 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €14,660 | €14,660 | = |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | €1,860 | €14,660 | €14,660 | = |
| Profit (loss) carried forward14 | €32,892 | €26,517 | €14,318 | -€2,287 | -€1,081 | €4,646 | €4,732 | €2,895 | ▼ 38.8% |
| Amounts payable17/49 | €467 | €127 | €107,865 | €59,056 | €45,227 | €42,390 | €20,248 | €10,636 | ▼ 47.5% |
| Amounts payable within one year42/48 | €467 | €127 | €107,865 | €59,056 | €45,227 | €42,390 | €20,198 | €10,636 | ▼ 47.3% |
| Trade debts44 | €467 | €127 | €63,738 | €1,949 | €9,955 | €25,980 | €11,197 | €2,037 | ▼ 81.8% |
| Suppliers440/4 | - | - | - | €1,949 | €9,955 | €25,980 | €11,197 | €2,037 | ▼ 81.8% |
| Taxes, remuneration and social security45 | - | - | - | €15,556 | €21,403 | €16,122 | €7,989 | €8,599 | ▲ 7.6% |
| Taxes450/3 | - | - | - | €1,584 | €723 | €3,901 | €142 | €1,863 | ▲ 13× |
| Remuneration and social security454/9 | - | - | - | €13,973 | €20,680 | €12,221 | €7,847 | €6,736 | ▼ 14.2% |
| Other amounts payable47/48 | - | - | - | €41,551 | €13,870 | €288 | €1,013 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €50 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,255 | -€6,375 | -€12,199 | -€16,605 | €1,206 | €5,727 | €12,885 | -€1,837 | - |
| + Depreciation and write-downs630 | €2,342 | €2,342 | €2,357 | €7,775 | €9,926 | €8,236 | €11,680 | €10,063 | ▼ 13.8% |
| Operating cash flow (approximation) | -€9,913 | -€4,033 | -€9,843 | -€8,830 | €11,133 | €13,963 | €24,566 | €8,226 | ▼ 66.5% |
| Investment in fixed assets (approximation) | - | €0 | -€18,823 | €173 | -€5,208 | -€16,806 | -€3,678 | -€6,361 | ▼ 72.9% |
| Change in cash | - | -€8,399 | -€12,557 | €333 | €553 | €12,913 | -€11,588 | €75 | - |
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, 12,322 companies had the same profile as INTERCLIM has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERCLIM itself: 0.4% 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 12,322 companies, not a prediction for INTERCLIM. 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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-05-2026 | 2026-00110921 | |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00191918 | |
| 31-12-2023 | micro format | 16-08-2024 | 2024-00347123 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00170905 | |
| 31-12-2021 | micro format | 28-09-2022 | 2022-20452818 | |
| 31-12-2020 | micro format | 24-09-2021 | 2021-69300390 | |
| 31-12-2019 | micro format | 27-11-2020 | 2020-73100430 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-33100004 | |
| 31-12-2017 | micro format | 07-04-2018 | 2018-09500083 | |
| 31-12-2016 | micro format | 22-09-2017 | 2017-62100407 |