KRIMATECH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-04-2026 PDF all 31 filings
Turnover
≈ €85,000
Estimated: probably between €51,000 and €160,000
Total assets
€214,412▼ 13.1%
2024 · €246,759
Net result
-€29,429▼ 39.4%
2024 · -€21,109
Working capital
-€125,764▼ 9.6%
2024 · -€114,786
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€26,461
▼ 58.6%
2025
20192025
Net result
-€29,429
▼ 39.4%
2025
lowest quarter of the sector
20192025
Equity
-€28,765
2025
lowest quarter of the sector
20192025
Total assets
€214,412
▼ 13.1%
2025
middle half of the sector
20192025
Debt
€243,178
▼ 1.2%
2025
20192025
Working capital
-€125,764
▼ 9.6%
2025
lowest quarter of the sector
20192025
Solvency
-13.4%
▼ 13.7pp
2025
lowest quarter of the sector
20192025
Current ratio
0.37
▼ 0.03
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-13.7%
▼ 5.2pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€38,723-€33,762€16,524▼ 51.1%€12,567▼ 23.9%-€47,379-€16,680▲ 64.8%-€26,461▼ 58.6%
Net result-€43,110-€26,524above the sector's middle half€5,889within the sector's middle half▼ 77.8%€6,114within the sector's middle half▲ 3.8%-€50,873below the sector's middle half-€21,109below the sector's middle half▲ 58.5%-€29,429below the sector's middle half▼ 39.4%
Equity€34,119-€60,643within the sector's middle half▲ 77.7%€66,532within the sector's middle half▲ 9.7%€72,645within the sector's middle half▲ 9.2%€21,773within the sector's middle half▼ 70.0%€664below the sector's middle half▼ 97.0%-€28,765below the sector's middle half
Total assets€311,703-€293,357within the sector's middle half▼ 5.9%€341,299above the sector's middle half▲ 16.3%€345,381above the sector's middle half▲ 1.2%€285,632within the sector's middle half▼ 17.3%€246,759within the sector's middle half▼ 13.6%€214,412within the sector's middle half▼ 13.1%
Debt€277,584-€232,714▼ 16.2%€274,768▲ 18.1%€272,736▼ 0.7%€263,859▼ 3.3%€246,095▼ 6.7%€243,178▼ 1.2%
Working capital-€87,274--€45,708below the sector's middle half▲ 47.6%-€48,469below the sector's middle half▼ 6.0%-€32,541below the sector's middle half▲ 32.9%-€103,502below the sector's middle half▼ 218%-€114,786below the sector's middle half▼ 10.9%-€125,764below the sector's middle half▼ 9.6%
Solvency10.9%-20.7%within the sector's middle half▲ 9.7pp19.5%below the sector's middle half▼ 1.2pp21.0%below the sector's middle half▲ 1.5pp7.6%below the sector's middle half▼ 13.4pp0.3%below the sector's middle half▼ 7.4pp-13.4%below the sector's middle half▼ 13.7pp
Current ratio0.50-0.67below the sector's middle half▲ 0.170.75below the sector's middle half▲ 0.070.82below the sector's middle half▲ 0.070.46below the sector's middle half▼ 0.360.40below the sector's middle half▼ 0.060.37below the sector's middle half▼ 0.03
Return on assets (ROA)-13.8%-9.0%within the sector's middle half▲ 22.9pp1.7%within the sector's middle half▼ 7.3pp1.8%within the sector's middle half=-17.8%below the sector's middle half▼ 19.6pp-8.6%below the sector's middle half▲ 9.3pp-13.7%below the sector's middle half▼ 5.2pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 a loss of €26,461, larger than the loss of €16,680 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 €214,412
Fixed assets
€139,566 ▼ 17.7%
Current assets
€74,847 ▼ 3.0%
Equity and liabilities
Equity-€28,765
Debt€243,178
Equity is negative. Debt (€243,178) exceeds the balance-sheet total (€214,412).
Key figures and ratios
EBITDA
€2,996▼
2024 · €12,728
Cash flow
€28▼
2024 · €8,299
Quick ratio
0.36▼
2024 · 0.40
Interest coverage
0.58▼
2024 · 2.15
Debt ≤ 1 year
€200,610▲
2024 · €191,915
Debt > 1 year
€42,268▼
2024 · €53,890
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €161,700 | €161,700 | €161,700 | €161,700 | €161,700 |
| Carrying value of the mortgaged assets | €159,080 | €146,841 | €134,602 | €122,363 | €110,124 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,298 | €32,500 | €43,936 | €1,500 | - |
| Depreciation and write-downs of the year | €31,215 | €35,332 | €25,853 | €29,408 | €29,457 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,657 | €33,677 | €31,215 | €35,332 | €25,853 | €29,408 | €29,457 | ▲ 0.2% |
| Other operating charges640/8 | - | - | €7,652 | €14,840 | €6,184 | €3,148 | €5,239 | ▲ 66.4% |
| Gross operating margin9900 | €4,763 | €73,678 | €55,391 | €62,740 | -€15,342 | €15,876 | €8,236 | ▼ 48.1% |
| Operating profit (loss)9901 | -€38,723 | €33,762 | €16,524 | €12,567 | -€47,379 | -€16,680 | -€26,461 | ▼ 58.6% |
| Financial income75/76B | - | - | €247 | €2,008 | €1,993 | €1,485 | €2,179 | ▲ 46.7% |
| Recurring financial income75 | €0 | €1 | €247 | €2,008 | €1,993 | €1,485 | €2,179 | ▲ 46.7% |
| Financial charges65/66B | - | - | €5,324 | €4,320 | €5,403 | €5,914 | €5,148 | ▼ 12.9% |
| Recurring financial charges65 | €4,032 | €4,232 | €5,324 | €4,320 | €5,403 | €5,914 | €5,148 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | -€42,755 | €29,531 | €11,447 | €10,255 | -€50,789 | -€21,109 | -€29,429 | ▼ 39.4% |
| Income taxes67/77 | €355 | €3,007 | €5,559 | €4,141 | €84 | €0 | - | - |
| Profit (loss) for the period9904 | -€43,110 | €26,524 | €5,889 | €6,114 | -€50,873 | -€21,109 | -€29,429 | ▼ 39.4% |
| Transfer from tax-exempt reserves789 | - | - | €10,837 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€43,110 | €26,524 | €16,725 | €6,114 | -€50,873 | -€21,109 | -€29,429 | ▼ 39.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €311,703 | €293,357 | €341,299 | €345,381 | €285,632 | €246,759 | €214,412 | ▼ 13.1% |
| Fixed assets21/28 | €223,048 | €198,675 | €197,758 | €194,926 | €197,538 | €169,630 | €139,566 | ▼ 17.7% |
| Tangible fixed assets22/27 | €223,048 | €198,675 | €197,758 | €194,926 | €197,538 | €169,630 | €139,566 | ▼ 17.7% |
| Land and buildings22 | - | - | €159,080 | €146,841 | €134,602 | €122,363 | €110,124 | ▼ 10.0% |
| Plant, machinery and equipment23 | - | - | €9,450 | €32,283 | €25,657 | €17,080 | €8,561 | ▼ 49.9% |
| Furniture and vehicles24 | - | - | €29,228 | €15,802 | €37,279 | €30,188 | €20,881 | ▼ 30.8% |
| Current assets29/58 | €88,655 | €94,682 | €143,541 | €150,455 | €88,094 | €77,128 | €74,847 | ▼ 3.0% |
| Stocks and contracts in progress3 | €9,543 | €1,072 | €36,272 | €29,328 | €11,308 | €1,051 | €3,013 | ▲ 187% |
| Stocks30/36 | - | - | €1,272 | €4,328 | €1,216 | €1,051 | €3,013 | ▲ 187% |
| Contracts in progress37 | - | - | €35,000 | €25,000 | €10,092 | €0 | - | - |
| Amounts receivable within one year40/41 | €50,720 | €41,485 | €99,869 | €111,441 | €68,662 | €69,663 | €66,067 | ▼ 5.2% |
| Trade receivables40 | - | - | €60,846 | €56,019 | €32,447 | €28,282 | €22,405 | ▼ 20.8% |
| Other amounts receivable41 | - | - | €39,023 | €55,422 | €36,214 | €41,381 | €43,663 | ▲ 5.5% |
| Cash at bank and in hand54/58 | €2,252 | €11,895 | €910 | €2,826 | €1,295 | €1,089 | €228 | ▼ 79.1% |
| Deferred charges and accrued income490/1 | - | - | €6,490 | €6,861 | €6,829 | €5,326 | €5,539 | ▲ 4.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €311,703 | €293,357 | €341,299 | €345,381 | €285,632 | €246,759 | €214,412 | ▼ 13.1% |
| Equity10/15 | €34,119 | €60,643 | €66,532 | €72,645 | €21,773 | €664 | -€28,765 | - |
| Contributions10/11 | €58,600 | - | €58,600 | €58,600 | €58,600 | €58,600 | €58,600 | = |
| Reserves13 | €18,628 | €45,152 | €51,041 | €57,155 | €57,155 | €57,155 | €57,155 | = |
| Non-distributable reserves130/1 | - | - | €4,239 | €4,239 | €4,239 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €4,239 | €4,239 | €4,239 | €0 | - | - |
| Distributable reserves133 | - | - | €46,802 | €52,916 | €52,916 | €57,155 | €57,155 | = |
| Profit (loss) carried forward14 | -€43,110 | -€43,110 | -€43,110 | -€43,110 | -€93,982 | -€115,091 | -€144,520 | ▼ 25.6% |
| Amounts payable17/49 | €277,584 | €232,714 | €274,768 | €272,736 | €263,859 | €246,095 | €243,178 | ▼ 1.2% |
| Amounts payable after more than one year17 | €101,656 | €92,324 | €82,758 | €89,480 | €71,877 | €53,890 | €42,268 | ▼ 21.6% |
| Financial debts170/4 | - | - | €82,758 | €89,480 | €71,877 | €53,890 | €42,268 | ▼ 21.6% |
| Amounts payable within one year42/48 | €175,928 | €140,390 | €192,010 | €182,996 | €191,596 | €191,915 | €200,610 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | - | €17,749 | €21,331 | €22,486 | €17,986 | €12,528 | ▼ 30.3% |
| Financial debts43 | - | - | €7,125 | €12,452 | €25,826 | €25,447 | €25,825 | ▲ 1.5% |
| Credit institutions430/8 | - | - | €7,125 | €12,452 | €25,826 | €25,447 | €25,825 | ▲ 1.5% |
| Trade debts44 | €35,374 | €29,034 | €61,030 | €52,107 | €32,178 | €21,481 | €27,665 | ▲ 28.8% |
| Suppliers440/4 | - | - | €61,030 | €52,107 | €32,178 | €21,481 | €27,665 | ▲ 28.8% |
| Taxes, remuneration and social security45 | - | - | €4,100 | €4,100 | €4,100 | €8,494 | €5,086 | ▼ 40.1% |
| Taxes450/3 | - | - | €1,800 | €1,800 | €1,800 | €8,494 | €5,086 | ▼ 40.1% |
| Remuneration and social security454/9 | - | - | €2,300 | €2,300 | €2,300 | €0 | - | - |
| Other amounts payable47/48 | - | - | €102,006 | €93,006 | €107,006 | €118,506 | €129,506 | ▲ 9.3% |
| Accrued charges and deferred income492/3 | - | - | - | €260 | €387 | €290 | €299 | ▲ 3.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,110 | €26,524 | €5,889 | €6,114 | -€50,873 | -€21,109 | -€29,429 | ▼ 39.4% |
| + Depreciation and write-downs630 | €34,657 | €33,677 | €31,215 | €35,332 | €25,853 | €29,408 | €29,457 | ▲ 0.2% |
| Operating cash flow (approximation) | -€8,453 | €60,201 | €37,104 | €41,446 | -€25,020 | €8,299 | €28 | ▼ 99.7% |
| Investment in fixed assets (approximation) | - | -€9,304 | -€30,298 | -€32,500 | -€28,465 | -€1,500 | €608 | - |
| Change in cash | - | €9,643 | -€10,985 | €1,915 | -€1,531 | -€206 | -€861 | ▼ 318% |
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, 6,619 companies had the same profile as KRIMATECH has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KRIMATECH itself: 2.3% 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 6,619 companies, not a prediction for KRIMATECH. 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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 24-04-2026 | 2026-00089293 | |
| 30-09-2024 | micro format | 28-04-2025 | 2025-00080162 | |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00052212 | |
| 30-09-2022 | micro format | 07-04-2023 | 2023-00055557 | |
| 30-09-2021 | micro format | 11-04-2022 | 2022-20002061 | |
| 30-09-2020 | micro format | 01-04-2021 | 2021-09500468 | |
| 30-09-2019 | micro format | 01-04-2020 | 2020-08100305 | |
| 30-09-2018 | micro format | 17-04-2019 | 2019-10000167 | |
| 30-09-2017 | micro format | 23-04-2018 | 2018-10200545 | |
| 30-09-2016 | abbreviated format | 17-03-2017 | 2017-06500026 |