KONCEPTIMMO
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 69 days after the deadline Filed on 8 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555799.
Annual accounts 2025 filed on 08-10-2026 at the NBB all 20 filings
Turnover
≈ €750,000
Estimated: probably between €520,000 and €1.2m
EBIT margin
Not included in this filing
Net result
€52,180▼ 76.4%
2024 · €220,815
Working capital
€476,780▲ 10.7%
2024 · €430,677
In the rankings
#1 company by total assets in Quaregnon, Construction sector#3 company by equity in Quaregnon, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€191,776
▼ 58.4%
2025
20182025
Net result
€52,180
▼ 76.4%
2025
middle half of the sector
20182025
Equity
€511,685
▲ 11.4%
2025
middle half of the sector
20182025
Total assets
€4.4m
▲ 10.1%
2025
highest quarter of the sector
20182025
Debt
€3.9m
▲ 9.9%
2025
20182025
Working capital
€476,780
▲ 10.7%
2025
highest quarter of the sector
20182025
Solvency
11.6%
▲ 0.1pp
2025
lowest quarter of the sector
20182025
Current ratio
1.13
=
2025
middle half of the sector
20182025
Return on assets (ROA)
1.2%
▼ 4.3pp
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€0.04m-€0.08m▲ 89.9%€0.06m▼ 27.5%€0.09m▲ 52.4%€0.08m▼ 8.6%€0.2m▲ 135%€0.5m▲ 140%€0.2m▼ 58.4%
Net result-€0.001m-€0.03m€0.01mwithin the sector's middle half▼ 46.4%€0.03mwithin the sector's middle half▲ 111%€0.02mwithin the sector's middle half▼ 40.3%€0.06mwithin the sector's middle half▲ 232%€0.2mabove the sector's middle half▲ 255%€0.05mwithin the sector's middle half▼ 76.4%
Equity€0.08m-€0.1m▲ 33.0%€0.1mwithin the sector's middle half▲ 13.3%€0.2mwithin the sector's middle half▲ 24.8%€0.2mwithin the sector's middle half▲ 11.9%€0.2mwithin the sector's middle half▲ 35.2%€0.5mwithin the sector's middle half▲ 92.5%€0.5mwithin the sector's middle half▲ 11.4%
Total assets€2.6m-€2.3m▼ 13.7%€2.3mwithin the sector's middle half=€1.8mwithin the sector's middle half▼ 19.4%€2.5mwithin the sector's middle half▲ 34.6%€2.9mwithin the sector's middle half▲ 16.5%€4.0mwithin the sector's middle half▲ 39.2%€4.4mabove the sector's middle half▲ 10.1%
Debt€2.5m-€2.2m▼ 15.3%€2.1m▼ 0.7%€1.7m▼ 22.0%€2.3m▲ 36.7%€2.6m▲ 15.1%€3.5m▲ 34.4%€3.9m▲ 9.9%
Working capital-€0.1m-€0.09m€0.09mwithin the sector's middle half▲ 4.3%€0.1mwithin the sector's middle half▲ 31.8%€0.1mwithin the sector's middle half▲ 13.7%€0.2mwithin the sector's middle half▲ 43.0%€0.4mwithin the sector's middle half▲ 116%€0.5mabove the sector's middle half▲ 10.7%
Solvency3.2%-4.9%▲ 1.7pp5.6%below the sector's middle half▲ 0.7pp8.6%below the sector's middle half▲ 3.1pp7.2%below the sector's middle half▼ 1.5pp8.3%below the sector's middle half▲ 1.2pp11.5%below the sector's middle half▲ 3.2pp11.6%below the sector's middle half▲ 0.1pp
Current ratio0.95-1.04▲ 0.091.05below the sector's middle half=1.08below the sector's middle half▲ 0.031.07below the sector's middle half▼ 0.021.08within the sector's middle half▲ 0.011.13within the sector's middle half▲ 0.051.13within the sector's middle half=
Return on assets (ROA)0.0%-1.2%▲ 1.3pp0.7%within the sector's middle half▼ 0.6pp1.7%within the sector's middle half▲ 1.1pp0.8%within the sector's middle half▼ 1.0pp2.2%within the sector's middle half▲ 1.4pp5.5%within the sector's middle half▲ 3.4pp1.2%within the sector's middle half▼ 4.3pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). 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 58% lower than in 2024.
Large changes and their cause
- 2025 Net result -76% on 2024. The accounts now follow the abbreviated format, last year the full format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€147,895 ▼ 6.2%
Current assets
€4.2m ▲ 10.8%
Equity and liabilities €4.4m
Equity
€511,685 ▲ 11.4%
Debt
€3.9m ▲ 9.9%
Debt's share of the balance-sheet total falls from 88.5% to 88.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€201,230▼
2024 · €470,700
Cash flow
€61,634▼
2024 · €230,268
Quick ratio
0.20▼
2024 · 0.25
Debt to equity
7.59▼
2024 · 7.69
ROE
10.2%▼
2024 · 48.1%
Interest coverage
1.77▼
2024 · 3.47
Debt ≤ 1 year
€3.8m▲
2024 · €3.4m
Debt > 1 year
€104,540▼
2024 · €116,540
Income taxes
€26,191▼
2024 · €104,701
Staff costs
€3,285▼
2024 · €20,902
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €24,799 | €35,627 | €32,601 | €20,902 | €3,285 | ▼ 84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,202 | €13,129 | €9,454 | €9,454 | €9,454 | €9,454 | €9,454 | €9,454 | = |
| Other operating charges640/8 | - | - | - | €7,849 | €5,665 | €46,768 | €18,023 | €8,221 | ▼ 54.4% |
| Gross operating margin9900 | €116,166 | €132,535 | €92,255 | €131,514 | €132,442 | €281,166 | €509,625 | €212,737 | ▼ 58.3% |
| Operating profit (loss)9901 | €42,592 | €80,901 | €58,670 | €89,412 | €81,697 | €192,343 | €461,246 | €191,776 | ▼ 58.4% |
| Financial income75/76B | - | - | - | - | - | - | - | €54 | - |
| Recurring financial income75 | - | €171 | - | - | - | - | - | €54 | - |
| Financial charges65/66B | - | - | - | €39,180 | €49,639 | €104,036 | €135,730 | €113,459 | ▼ 16.4% |
| Recurring financial charges65 | €43,243 | €37,758 | €28,909 | €39,180 | €49,639 | €104,036 | €135,730 | €113,459 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | -€651 | €43,314 | €29,761 | €50,232 | €32,058 | €88,307 | €325,516 | €78,371 | ▼ 75.9% |
| Income taxes67/77 | €421 | €15,598 | €14,914 | €18,875 | €13,345 | €26,117 | €104,701 | €26,191 | ▼ 75.0% |
| Profit (loss) for the period9904 | -€1,072 | €27,715 | €14,847 | €31,357 | €18,713 | €62,190 | €220,815 | €52,180 | ▼ 76.4% |
| Profit (loss) for the period to be appropriated9905 | -€1,072 | €27,715 | €14,847 | €31,357 | €18,713 | €62,190 | €220,815 | €52,180 | ▼ 76.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.6m | €2.3m | €2.3m | €1.8m | €2.5m | €2.9m | €4.0m | €4.4m | ▲ 10.1% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 6.2% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 6.0% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 6.6% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | €363 | €363 | - | - |
| Current assets29/58 | €2.4m | €2.1m | €2.1m | €1.6m | €2.3m | €2.7m | €3.8m | €4.2m | ▲ 10.8% |
| Stocks and contracts in progress3 | €2.3m | €1.9m | €1.9m | €1.5m | €2.2m | €2.6m | €3.0m | €3.5m | ▲ 17.2% |
| Stocks30/36 | - | - | - | €1.5m | €2.2m | €2.6m | €3.0m | €3.5m | ▲ 17.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.2m | €0.06m | €0.07m | €0.09m | €0.8m | €0.7m | ▼ 6.6% |
| Trade receivables40 | - | - | - | - | - | - | €0.2m | - | - |
| Other amounts receivable41 | - | - | - | €0.06m | €0.07m | €0.09m | €0.6m | €0.7m | ▲ 32.6% |
| Cash at bank and in hand54/58 | €0.001m | €0.02m | €0.04m | €0.06m | €0.01m | €0.05m | €0.07m | €0.02m | ▼ 73.3% |
| Deferred charges and accrued income490/1 | - | - | - | €327 | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 145% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.6m | €2.3m | €2.3m | €1.8m | €2.5m | €2.9m | €4.0m | €4.4m | ▲ 10.1% |
| Equity10/15 | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | ▲ 11.4% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.03m | €0.04m | €0.06m | €0.08m | €0.1m | €0.4m | €0.4m | ▲ 14.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.06m | €0.08m | €0.1m | €0.4m | €0.4m | ▲ 14.4% |
| Profit (loss) carried forward14 | €0.06m | €0.06m | €0.06m | €0.07m | €0.07m | €0.08m | €0.08m | €0.08m | = |
| Amounts payable17/49 | €2.5m | €2.2m | €2.1m | €1.7m | €2.3m | €2.6m | €3.5m | €3.9m | ▲ 9.9% |
| Amounts payable after more than one year17 | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 10.3% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 10.3% |
| Amounts payable within one year42/48 | €2.5m | €2.0m | €2.0m | €1.5m | €2.1m | €2.5m | €3.4m | €3.8m | ▲ 10.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 48.7% |
| Financial debts43 | - | - | - | €1.0m | €1.7m | €2.2m | €2.7m | €3.1m | ▲ 16.0% |
| Credit institutions430/8 | - | - | - | €1.0m | €1.7m | €2.2m | €2.7m | €3.1m | ▲ 16.0% |
| Trade debts44 | €0.4m | €0.4m | €0.4m | €0.3m | €0.02m | €0.01m | €0.004m | €0.2m | ▲ 47× |
| Suppliers440/4 | - | - | - | €0.3m | €0.02m | €0.01m | €0.004m | €0.2m | ▲ 47× |
| Advances received on contracts in progress46 | - | - | - | €0.01m | €0.03m | €0.05m | €0.05m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.08m | €0.03m | €0.2m | €0.1m | ▼ 26.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.07m | €0.02m | €0.2m | €0.1m | ▼ 24.4% |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.009m | €0.009m | €0.006m | - | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.3m | €0.2m | €0.4m | €0.3m | ▼ 34.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.01m | €0.008m | ▼ 31.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,072 | €27,715 | €14,847 | €31,357 | €18,713 | €62,190 | €220,815 | €52,180 | ▼ 76.4% |
| + Depreciation and write-downs630 | €41,202 | €13,129 | €9,454 | €9,454 | €9,454 | €9,454 | €9,454 | €9,454 | = |
| Operating cash flow (approximation) | €40,130 | €40,844 | €24,300 | €40,811 | €28,166 | €71,644 | €230,268 | €61,634 | ▼ 73.2% |
| Investment in fixed assets (approximation) | - | €0 | -€14,950 | €0 | €0 | €0 | €0 | €363 | - |
| Change in cash | - | €22,789 | €18,997 | €19,452 | -€49,042 | €40,511 | €12,377 | -€48,139 | - |
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, 4,685 companies had the same profile as KONCEPTIMMO has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of KONCEPTIMMO itself: 1.3% 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 4,685 companies, not a prediction for KONCEPTIMMO. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-10-2026 | 2026-00555799 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00471198 | |
| 31-12-2023 | full format | 15-09-2024 | 2024-00463530 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00409920 | |
| 31-12-2021 | full format | 11-08-2022 | 2022-20285905 | |
| 31-12-2020 | full format | 28-08-2021 | 2021-65000176 | |
| 31-12-2019 | full format | 13-07-2020 | 2020-30900341 | |
| 31-12-2018 | full format | 04-08-2019 | 2019-44100242 | |
| 31-12-2017 | full format | 21-11-2018 | 2018-72600007 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-50100528 |