KIMO
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 27-10-2026 at the NBB all 13 filings
Turnover
≈ €500,000
Estimated: probably between €280,000 and €660,000
Total assets
€252,898▼ 24.7%
2025 · €336,077
Net result
€2,304▼ 92.0%
2025 · €28,785
Working capital
€735▼ 98.1%
2025 · €39,096
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€17,353
▼ 68.7%
2026
20192026
Net result
€2,304
▼ 92.0%
2026
20192026
Equity
€74,275
▼ 41.6%
2026
20192026
Total assets
€252,898
▼ 24.7%
2026
20192026
Debt
€178,622
▼ 14.5%
2026
20192026
Working capital
€735
▼ 98.1%
2026
20192026
Solvency
29.4%
▼ 8.5pp
2026
20192026
Current ratio
1.01
▼ 0.57
2026
20192026
Return on assets (ROA)
0.9%
▼ 7.7pp
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€16,752-€51,098▲ 205%€61,188▲ 19.7%€31,956▼ 47.8%€3,484▼ 89.1%€28,190▲ 709%€55,439▲ 96.7%€17,353▼ 68.7%
Net result€3,818-€31,086▲ 714%€34,835above the sector's middle half▲ 12.1%€16,027within the sector's middle half▼ 54.0%-€5,679below the sector's middle half€13,505within the sector's middle half€28,785above the sector's middle half▲ 113%€2,304▼ 92.0%
Equity€24,497-€45,083▲ 84.0%€78,318within the sector's middle half▲ 73.7%€92,745within the sector's middle half▲ 18.4%€87,066within the sector's middle half▼ 6.1%€98,770within the sector's middle half▲ 13.4%€127,172above the sector's middle half▲ 28.8%€74,275▼ 41.6%
Total assets€284,065-€305,855▲ 7.7%€330,104above the sector's middle half▲ 7.9%€325,551above the sector's middle half▼ 1.4%€312,081within the sector's middle half▼ 4.1%€332,661above the sector's middle half▲ 6.6%€336,077above the sector's middle half▲ 1.0%€252,898▼ 24.7%
Debt€259,568-€260,772▲ 0.5%€251,786▼ 3.4%€232,806▼ 7.5%€225,015▼ 3.3%€233,890▲ 3.9%€208,905▼ 10.7%€178,622▼ 14.5%
Working capital-€2,624-€1,159€2,647within the sector's middle half▲ 128%€12,500within the sector's middle half▲ 372%-€1,359within the sector's middle half€10,810within the sector's middle half€39,096within the sector's middle half▲ 262%€735▼ 98.1%
Solvency8.6%-14.7%▲ 6.1pp23.7%within the sector's middle half▲ 9.0pp28.5%within the sector's middle half▲ 4.8pp27.9%within the sector's middle half▼ 0.6pp29.7%within the sector's middle half▲ 1.8pp37.8%within the sector's middle half▲ 8.1pp29.4%▼ 8.5pp
Current ratio0.96-1.02▲ 0.061.03within the sector's middle half▲ 0.021.15within the sector's middle half▲ 0.110.98within the sector's middle half▼ 0.171.17within the sector's middle half▲ 0.191.59within the sector's middle half▲ 0.421.01▼ 0.57
Return on assets (ROA)1.3%-10.2%▲ 8.8pp10.6%within the sector's middle half▲ 0.4pp4.9%within the sector's middle half▼ 5.6pp-1.8%within the sector's middle half▼ 6.7pp4.1%within the sector's middle half▲ 5.9pp8.6%within the sector's middle half▲ 4.5pp0.9%▼ 7.7pp
Staff (FTE)1.9-1.8▼ 5.3%1.2▼ 33.3%1.7▲ 41.7%2.2▲ 29.4%1.5▼ 31.8%1.1▼ 26.7%
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 2026 is 69% lower than in 2025.
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
2026 in colour, 2025 as the grey bar beneath
Assets €252,898
Fixed assets
€201,034 ▼ 12.7%
Current assets
€51,863 ▼ 51.0%
Equity and liabilities €252,898
Equity
€74,275 ▼ 41.6%
Debt
€178,622 ▼ 14.5%
Debt's share of the balance-sheet total rises from 62.2% to 70.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€51,162▼
2025 · €90,067
Cash flow
€36,113▼
2025 · €63,413
Quick ratio
0.68▼
2025 · 1.36
Debt to equity
2.40▲
2025 · 1.64
ROE
3.1%▼
2025 · 22.6%
Interest coverage
3.93▼
2025 · 7.10
Debt ≤ 1 year
€51,128▼
2025 · €66,673
Debt > 1 year
€127,494▼
2025 · €142,232
Income taxes
€2,159▼
2025 · €16,044
Staff costs
€10,790▼
2025 · €27,020
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | - |
| part-time | 2 | 2 | 2 | - |
| in full-time equivalents | 1.4 | 0.6 | 0.6 | - |
| Average over the year, in full-time equivalents | 1.5 | 1.4 | 0.8 | 0.8 |
| On a permanent contract | 2 | 1 | 1 | - |
| Joined | 3 | 4 | 4 | 5 |
| Left | 2 | 4 | 4 | 6 |
| Training hours | 5 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,952 | €41,355 | €49,944 | €7,209 | €4,536 |
| Depreciation and write-downs of the year | €29,092 | €28,699 | €32,596 | €34,628 | €33,809 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €2,500 awarded · €2,500 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,000 | €2,000 |
| 2023 | 1 | €500 | €500 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €559 | - | €2,150 | €5,680 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €47,241 | €40,125 | €27,447 | €27,020 | €10,790 | ▼ 60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,216 | €23,625 | €27,881 | €29,092 | €28,699 | €32,596 | €34,628 | €33,809 | ▼ 2.4% |
| Other operating charges640/8 | - | - | - | €3,632 | €2,349 | €2,476 | €2,809 | €2,708 | ▼ 3.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €488 | - |
| Gross operating margin9900 | €84,194 | €126,250 | €124,446 | €111,920 | €74,657 | €90,708 | €119,897 | €65,148 | ▼ 45.7% |
| Operating profit (loss)9901 | €16,752 | €51,098 | €61,188 | €31,956 | €3,484 | €28,190 | €55,439 | €17,353 | ▼ 68.7% |
| Financial income75/76B | - | - | - | €696 | €17 | €1,014 | €2,072 | €113 | ▼ 94.5% |
| Recurring financial income75 | €668 | €746 | €961 | €696 | €17 | €1,014 | €2,072 | €113 | ▼ 94.5% |
| Financial charges65/66B | - | - | - | €9,230 | €9,055 | €10,962 | €12,683 | €13,003 | ▲ 2.5% |
| Recurring financial charges65 | €11,183 | €11,982 | €10,117 | €9,230 | €9,055 | €10,962 | €12,683 | €13,003 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €6,236 | €39,862 | €52,032 | €23,422 | -€5,554 | €18,242 | €44,829 | €4,463 | ▼ 90.0% |
| Income taxes67/77 | €2,418 | €8,776 | €17,197 | €7,395 | €126 | €4,737 | €16,044 | €2,159 | ▼ 86.5% |
| Profit (loss) for the period9904 | €3,818 | €31,086 | €34,835 | €16,027 | -€5,679 | €13,505 | €28,785 | €2,304 | ▼ 92.0% |
| Profit (loss) for the period to be appropriated9905 | €3,818 | €31,086 | €34,835 | €16,027 | -€5,679 | €13,505 | €28,785 | €2,304 | ▼ 92.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €284,065 | €305,855 | €330,104 | €325,551 | €312,081 | €332,661 | €336,077 | €252,898 | ▼ 24.7% |
| Fixed assets21/28 | €224,398 | €230,454 | €245,134 | €227,994 | €240,649 | €257,997 | €230,308 | €201,034 | ▼ 12.7% |
| Tangible fixed assets22/27 | €224,398 | €230,454 | €245,134 | €227,994 | €240,649 | €257,997 | €230,308 | €201,034 | ▼ 12.7% |
| Land and buildings22 | - | - | - | €127,771 | €156,948 | €180,124 | €165,446 | €152,731 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | - | - | €97,092 | €81,524 | €76,668 | €60,904 | €45,112 | ▼ 25.9% |
| Furniture and vehicles24 | - | - | - | €3,131 | €2,177 | €1,205 | €3,958 | €3,192 | ▼ 19.4% |
| Current assets29/58 | €59,667 | €75,401 | €84,970 | €97,557 | €71,432 | €74,663 | €105,769 | €51,863 | ▼ 51.0% |
| Stocks and contracts in progress3 | €18,232 | €14,347 | €13,118 | €24,423 | €22,490 | €18,380 | €15,059 | €16,940 | ▲ 12.5% |
| Stocks30/36 | - | - | - | €24,423 | €22,490 | €18,380 | €15,059 | €16,940 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €12,087 | €9,365 | €12,148 | €12,458 | €15,418 | €23,025 | €42,945 | €18,843 | ▼ 56.1% |
| Trade receivables40 | - | - | - | €209 | €454 | €655 | €1,129 | €241 | ▼ 78.7% |
| Other amounts receivable41 | - | - | - | €12,249 | €14,964 | €22,371 | €41,816 | €18,602 | ▼ 55.5% |
| Cash at bank and in hand54/58 | €26,233 | €48,832 | €57,155 | €53,807 | €19,947 | €22,419 | €41,672 | €12,052 | ▼ 71.1% |
| Deferred charges and accrued income490/1 | - | - | - | €6,869 | €13,576 | €10,839 | €6,093 | €4,029 | ▼ 33.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €284,065 | €305,855 | €330,104 | €325,551 | €312,081 | €332,661 | €336,077 | €252,898 | ▼ 24.7% |
| Equity10/15 | €24,497 | €45,083 | €78,318 | €92,745 | €87,066 | €98,770 | €127,172 | €74,275 | ▼ 41.6% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | - | €20,460 | €18,600 | ▼ 9.1% |
| Reserves13 | €5,860 | €25,860 | €58,860 | €74,060 | €74,060 | €98,770 | €106,712 | €55,675 | ▼ 47.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €72,200 | €72,200 | €98,770 | €106,712 | €53,815 | ▼ 49.6% |
| Profit (loss) carried forward14 | €37 | €623 | €858 | €85 | -€5,594 | - | - | - | - |
| Amounts payable17/49 | €259,568 | €260,772 | €251,786 | €232,806 | €225,015 | €233,890 | €208,905 | €178,622 | ▼ 14.5% |
| Amounts payable after more than one year17 | €197,028 | €186,281 | €169,213 | €147,499 | €152,225 | €170,037 | €142,232 | €127,494 | ▼ 10.4% |
| Financial debts170/4 | - | - | - | €147,499 | €152,225 | €170,037 | €142,232 | €127,494 | ▼ 10.4% |
| Amounts payable within one year42/48 | €62,290 | €74,241 | €82,323 | €85,057 | €72,790 | €63,853 | €66,673 | €51,128 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,713 | €26,550 | €34,194 | €28,902 | €30,977 | ▲ 7.2% |
| Trade debts44 | €26,669 | €27,393 | €43,750 | €40,206 | €42,890 | €25,449 | €17,323 | €17,999 | ▲ 3.9% |
| Suppliers440/4 | - | - | - | €40,206 | €42,890 | €25,449 | €17,323 | €17,999 | ▲ 3.9% |
| Advances received on contracts in progress46 | - | - | - | - | €30 | - | €40 | €10 | ▼ 75.0% |
| Taxes, remuneration and social security45 | - | - | - | €10,538 | €3,320 | €4,211 | €20,409 | €2,142 | ▼ 89.5% |
| Taxes450/3 | - | - | - | €1,750 | €126 | - | €19,596 | €2,142 | ▼ 89.1% |
| Remuneration and social security454/9 | - | - | - | €8,788 | €3,195 | €4,211 | €812 | - | - |
| Other amounts payable47/48 | - | - | - | €1,600 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €250 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,818 | €31,086 | €34,835 | €16,027 | -€5,679 | €13,505 | €28,785 | €2,304 | ▼ 92.0% |
| + Depreciation and write-downs630 | €21,216 | €23,625 | €27,881 | €29,092 | €28,699 | €32,596 | €34,628 | €33,809 | ▼ 2.4% |
| Operating cash flow (approximation) | €25,034 | €54,712 | €62,716 | €45,119 | €23,020 | €46,100 | €63,413 | €36,113 | ▼ 43.1% |
| Investment in fixed assets (approximation) | - | -€29,681 | -€42,560 | -€11,952 | -€41,355 | -€49,944 | -€6,938 | -€4,536 | ▲ 34.6% |
| Change in cash | - | €22,599 | €8,323 | -€3,348 | -€33,859 | €2,472 | €19,253 | -€29,620 | - |
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, 4,508 companies had the same profile as KIMO has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.6%
stopped otherwise
1.4%
went bankrupt
That fits the bankruptcy probability of KIMO 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 4,508 companies, not a prediction for KIMO. 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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 27-10-2026 | 2026-00569035 | |
| 30-06-2025 | micro format | 20-01-2026 | 2026-00010310 | |
| 30-06-2024 | micro format | 21-01-2025 | 2025-00007187 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00011144 | |
| 30-06-2022 | micro format | 23-01-2023 | 2023-00001495 | |
| 30-06-2021 | micro format | 30-11-2021 | 2021-78700469 | |
| 30-06-2020 | micro format | 12-11-2020 | 2020-70200129 | |
| 30-06-2019 | micro format | 27-11-2019 | 2019-74400518 | |
| 30-06-2018 | micro format | 27-11-2018 | 2018-72900480 | |
| 30-06-2017 | micro format | 08-11-2017 | 2017-69400322 |