KERIMMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-06-2026 PDF all 33 filings
Turnover
≈ €120,000
Estimated: probably between €63,000 and €230,000
Total assets
€622,588▲ 3.6%
2024 · €600,714
Net result
€18,234▼ 3.6%
2024 · €18,920
Working capital
€335,419▲ 8.8%
2024 · €308,179
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€22,331
▼ 5.2%
2025
20182025
Net result
€18,234
▼ 3.6%
2025
20182025
Equity
€577,289
▲ 3.3%
2025
20182025
Total assets
€622,588
▲ 3.6%
2025
20182025
Debt
€45,299
▲ 8.7%
2025
20182025
Working capital
€335,419
▲ 8.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€1,245-€4,251▲ 241%€21,184▲ 398%€20,179▼ 4.7%€19,492▼ 3.4%€15,279▼ 21.6%€23,548▲ 54.1%€22,331▼ 5.2%
Net result€2,228-€2,849▲ 27.9%€18,013▲ 532%€18,182▲ 0.9%€15,743▼ 13.4%€12,763▼ 18.9%€18,920▲ 48.2%€18,234▼ 3.6%
Equity€472,585-€475,434▲ 0.6%€493,447▲ 3.8%€511,629▲ 3.7%€527,372▲ 3.1%€540,135▲ 2.4%€559,055▲ 3.5%€577,289▲ 3.3%
Total assets€488,423-€500,093▲ 2.4%€504,774▲ 0.9%€530,000▲ 5.0%€556,635▲ 5.0%€577,768▲ 3.8%€600,714▲ 4.0%€622,588▲ 3.6%
Debt€15,838-€24,659▲ 55.7%€11,327▼ 54.1%€18,371▲ 62.2%€29,263▲ 59.3%€37,632▲ 28.6%€41,659▲ 10.7%€45,299▲ 8.7%
Working capital€398,859-€224,648▼ 43.7%€230,751▲ 2.7%€236,585▲ 2.5%€254,873▲ 7.7%€278,448▲ 9.2%€308,179▲ 10.7%€335,419▲ 8.8%
The operating result for 2025 is 5% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €622,588
Fixed assets
€241,870 ▼ 3.6%
Current assets
€380,718 ▲ 8.8%
Equity and liabilities €622,588
Equity
€577,289 ▲ 3.3%
Debt
€45,299 ▲ 8.7%
Debt's share of the balance-sheet total rises from 6.9% to 7.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,337▼
2024 · €34,360
Cash flow
€27,240▼
2024 · €29,731
Current ratio
8.40▲
2024 · 8.40
Debt to equity
0.08▲
2024 · 0.07
ROE
3.2%▼
2024 · 3.4%
ROA
2.9%▼
2024 · 3.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€45,299▲
2024 · €41,659
Income taxes
€6,493▼
2024 · €6,735
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 | €27,337 | €9,039 | - | - | - |
| Depreciation and write-downs of the year | €14,989 | €11,584 | €10,811 | €10,811 | €9,006 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €585 awarded · €585 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,440 | €29,190 | €15,426 | €14,989 | €11,584 | €10,811 | €10,811 | €9,006 | ▼ 16.7% |
| Other operating charges640/8 | - | - | - | €1,759 | €1,789 | €1,979 | €2,023 | €2,108 | ▲ 4.2% |
| Gross operating margin9900 | €13,281 | €34,944 | €38,359 | €36,928 | €32,865 | €28,070 | €36,382 | €33,445 | ▼ 8.1% |
| Operating profit (loss)9901 | €1,245 | €4,251 | €21,184 | €20,179 | €19,492 | €15,279 | €23,548 | €22,331 | ▼ 5.2% |
| Financial income75/76B | - | - | - | €2,038 | €2,058 | €2,099 | €2,135 | €2,426 | ▲ 13.7% |
| Recurring financial income75 | €1,221 | €1,512 | €1,023 | €2,038 | €2,058 | €2,099 | €2,135 | €2,426 | ▲ 13.7% |
| Financial charges65/66B | - | - | - | €23 | €24 | €24 | €29 | €31 | ▲ 7.0% |
| Recurring financial charges65 | €15 | €18 | €21 | €23 | €24 | €24 | €29 | €31 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €2,450 | €5,745 | €22,185 | €22,194 | €21,526 | €17,354 | €25,655 | €24,727 | ▼ 3.6% |
| Income taxes67/77 | €223 | €2,896 | €4,172 | €4,012 | €5,783 | €4,590 | €6,735 | €6,493 | ▼ 3.6% |
| Profit (loss) for the period9904 | €2,228 | €2,849 | €18,013 | €18,182 | €15,743 | €12,763 | €18,920 | €18,234 | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €2,228 | €2,849 | €18,013 | €18,182 | €15,743 | €12,763 | €18,920 | €18,234 | ▼ 3.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €488,423 | €500,093 | €504,774 | €530,000 | €556,635 | €577,768 | €600,714 | €622,588 | ▲ 3.6% |
| Fixed assets21/28 | €73,726 | €250,786 | €262,696 | €275,044 | €272,498 | €261,687 | €250,876 | €241,870 | ▼ 3.6% |
| Tangible fixed assets22/27 | €73,726 | €250,786 | €262,696 | €275,044 | €272,498 | €261,687 | €250,876 | €241,870 | ▼ 3.6% |
| Land and buildings22 | - | - | - | €274,182 | €264,177 | €255,173 | €246,170 | €238,972 | ▼ 2.9% |
| Furniture and vehicles24 | - | - | - | €862 | €8,322 | €6,514 | €4,706 | €2,898 | ▼ 38.4% |
| Current assets29/58 | €414,697 | €249,307 | €242,078 | €254,957 | €284,136 | €316,080 | €349,839 | €380,718 | ▲ 8.8% |
| Amounts receivable after more than one year29 | - | - | - | €205,793 | €207,851 | €209,929 | €212,029 | €214,149 | ▲ 1.0% |
| Other amounts receivable291 | - | - | - | €205,793 | €207,851 | €209,929 | €212,029 | €214,149 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €1,816 | €1,200 | €4,543 | €3,492 | €1,217 | €8,916 | €14,691 | €2,599 | ▼ 82.3% |
| Trade receivables40 | - | - | - | €4 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €3,488 | €1,217 | €8,916 | €14,691 | €2,599 | ▼ 82.3% |
| Cash at bank and in hand54/58 | €261,660 | €95,374 | €33,779 | €45,672 | €75,068 | €97,235 | €123,119 | €163,970 | ▲ 33.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €488,423 | €500,093 | €504,774 | €530,000 | €556,635 | €577,768 | €600,714 | €622,588 | ▲ 3.6% |
| Equity10/15 | €472,585 | €475,434 | €493,447 | €511,629 | €527,372 | €540,135 | €559,055 | €577,289 | ▲ 3.3% |
| 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 | €410,585 | €413,434 | €431,447 | €449,629 | €465,372 | €478,135 | €497,055 | €515,289 | ▲ 3.7% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €443,429 | €459,172 | €471,935 | €490,855 | €509,089 | ▲ 3.7% |
| Amounts payable17/49 | €15,838 | €24,659 | €11,327 | €18,371 | €29,263 | €37,632 | €41,659 | €45,299 | ▲ 8.7% |
| Amounts payable within one year42/48 | €15,838 | €24,659 | €11,327 | €18,371 | €29,263 | €37,632 | €41,659 | €45,299 | ▲ 8.7% |
| Trade debts44 | - | - | €1,712 | - | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €18,371 | €29,263 | €37,632 | €41,659 | €45,299 | ▲ 8.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,228 | €2,849 | €18,013 | €18,182 | €15,743 | €12,763 | €18,920 | €18,234 | ▼ 3.6% |
| + Depreciation and write-downs630 | €10,440 | €29,190 | €15,426 | €14,989 | €11,584 | €10,811 | €10,811 | €9,006 | ▼ 16.7% |
| Operating cash flow (approximation) | €12,668 | €32,040 | €33,439 | €33,171 | €27,327 | €23,575 | €29,731 | €27,240 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | -€206,250 | -€27,337 | -€27,337 | -€9,039 | €0 | €0 | €0 | - |
| Change in cash | - | -€166,285 | -€61,595 | €11,892 | €29,397 | €22,167 | €25,883 | €40,852 | ▲ 57.8% |
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, 14,766 companies had the same profile as KERIMMO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KERIMMO 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 14,766 companies, not a prediction for KERIMMO. 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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-06-2026 | 2026-00145477 | |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00127990 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00132290 | |
| 31-12-2022 | abbreviated format | 13-06-2023 | 2023-00121160 | |
| 31-12-2021 | abbreviated format | 13-06-2022 | 2022-20057663 | |
| 31-12-2020 | abbreviated format | 15-06-2021 | 2021-20000384 | |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-19400367 | |
| 31-12-2018 | abbreviated format | 20-06-2019 | 2019-20800022 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-26700579 | |
| 31-12-2016 | abbreviated format | 04-08-2017 | 2017-41000546 |