Liminate
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,891, after a profit of €447 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €429 | €320 | €459 | €420 | ▼ 8.6% |
| Gross operating margin9900 | €4,940 | -€11,715 | €906 | -€1,472 | - |
| Operating profit (loss)9901 | €4,512 | -€12,035 | €447 | -€1,891 | - |
| Financial income75/76B | - | €97 | €0 | - | - |
| Recurring financial income75 | - | €97 | €0 | - | - |
| Financial charges65/66B | €63 | €251 | €172 | €310 | ▲ 80.8% |
| Recurring financial charges65 | €63 | €251 | €172 | €310 | ▲ 80.8% |
| Profit (loss) for the period before taxes9903 | €4,449 | -€12,189 | €276 | -€2,201 | - |
| Income taxes67/77 | €890 | €0 | - | - | - |
| Profit (loss) for the period9904 | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Profit (loss) for the period to be appropriated9905 | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43,886 | €30,746 | €32,768 | €30,040 | ▼ 8.3% |
| Current assets29/58 | €43,886 | €30,746 | €32,768 | €30,040 | ▼ 8.3% |
| Stocks and contracts in progress3 | €3,523 | €15,260 | €15,260 | €11,237 | ▼ 26.4% |
| Stocks30/36 | €3,523 | €15,260 | €15,260 | €11,237 | ▼ 26.4% |
| Amounts receivable within one year40/41 | €20,359 | €1,384 | €2,133 | €1,735 | ▼ 18.7% |
| Trade receivables40 | €12,618 | €1,163 | €1,750 | €1,735 | ▼ 0.9% |
| Other amounts receivable41 | €7,740 | €220 | €383 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €18,313 | €14,102 | €15,204 | €17,068 | ▲ 12.3% |
| Deferred charges and accrued income490/1 | €1,691 | €0 | €172 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43,886 | €30,746 | €32,768 | €30,040 | ▼ 8.3% |
| Equity10/15 | €12,559 | €370 | €645 | -€1,556 | - |
| Contributions10/11 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | €3,559 | -€8,630 | -€8,355 | -€10,556 | ▼ 26.3% |
| Amounts payable17/49 | €31,327 | €30,376 | €32,123 | €31,596 | ▼ 1.6% |
| Amounts payable within one year42/48 | €30,043 | €29,040 | €30,733 | €30,158 | ▼ 1.9% |
| Trade debts44 | €29,154 | €29,040 | €30,733 | €29,919 | ▼ 2.6% |
| Suppliers440/4 | €29,154 | €29,040 | €30,733 | €29,919 | ▼ 2.6% |
| Taxes, remuneration and social security45 | €890 | €0 | - | €239 | - |
| Taxes450/3 | €890 | €0 | - | €239 | - |
| Accrued charges and deferred income492/3 | €1,284 | €1,336 | €1,390 | €1,438 | ▲ 3.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Operating cash flow (approximation) | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Change in cash | - | -€4,211 | €1,101 | €1,864 | ▲ 69.3% |
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, 1,555 companies had the same profile as Liminate has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Liminate itself: 1.5% 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 1,555 companies, not a prediction for Liminate. 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.