LOOM
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 28 filings
Turnover
€4.2m▼ 4.9%
2023 · €4.4m
EBIT margin
-4.6%▼ 10.9pp
2023 · 6.3%
Net result
-€68,958▲ 66.1%
2024 · -€203,617
Working capital
€763,102▲ 317%
2024 · €182,803
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€50,715
▲ 73.6%
2025
20182025
Net result
-€68,958
▲ 66.1%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
-€74,669
▼ 1,207%
2025
lowest quarter of the sector
20182025
Total assets
€1.6m
▲ 134%
2025
middle half of the sector
20182025
Debt
€1.7m
▲ 142%
2025
20182025
Working capital
€763,102
▲ 317%
2025
highest quarter of the sector
20182025
Solvency
-4.6%
▼ 3.7pp
2025
lowest quarter of the sector
20182025
Current ratio
1.99
▲ 0.50
2025
middle half of the sector
20182025
Return on assets (ROA)
-4.2%
▲ 24.8pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
2.6
▼ 27.8%
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
Turnover€7.8m-€3.3m€3.0m▼ 9.6%€6.8m▲ 125%€4.4m▼ 35.4%€4.2m▼ 4.9%
Operating result-€0.3m--€0.3m▲ 3.9%€0.07m€0.2m▲ 263%€0.5m▲ 105%€0.3m▼ 44.8%-€0.2m-€0.05m▲ 73.6%
Net result-€0.3m--€0.3m▲ 9.5%€0.05mwithin the sector's middle half€0.2mabove the sector's middle half▲ 365%€0.4mabove the sector's middle half▲ 76.0%€0.3mabove the sector's middle half▼ 31.5%-€0.2mbelow the sector's middle half-€0.07mbelow the sector's middle half▲ 66.1%
EBIT margin-3.4%-2.0%8.2%▲ 6.1pp7.4%▼ 0.7pp6.3%▼ 1.1pp-4.6%▼ 10.9pp
Equity-€0.5m--€0.7m▼ 58.7%-€0.7mbelow the sector's middle half▲ 6.5%-€0.5mbelow the sector's middle half▲ 32.6%-€0.07mbelow the sector's middle half▲ 84.9%€0.2mwithin the sector's middle half-€0.006mbelow the sector's middle half-€0.07mbelow the sector's middle half▼ 1,207%
Total assets€1.9m-€1.5m▼ 21.2%€1.5mwithin the sector's middle half▲ 2.3%€1.1mwithin the sector's middle half▼ 26.2%€1.3mwithin the sector's middle half▲ 15.7%€1.1mwithin the sector's middle half▼ 13.4%€0.7mwithin the sector's middle half▼ 36.8%€1.6mwithin the sector's middle half▲ 134%
Debt€2.3m-€2.2m▼ 5.4%€2.2m▼ 0.6%€1.6m▼ 28.4%€1.4m▼ 13.5%€0.9m▼ 32.5%€0.7m▼ 22.4%€1.7m▲ 142%
Working capital€0.4m--€0.4m-€0.3mbelow the sector's middle half▲ 34.8%€0.005mwithin the sector's middle half€0.5mabove the sector's middle half▲ 92×€0.3mwithin the sector's middle half▼ 40.9%€0.2mwithin the sector's middle half▼ 33.7%€0.8mabove the sector's middle half▲ 317%
Solvency-24.7%--49.6%▼ 25.0pp-45.4%below the sector's middle half▲ 4.3pp-41.5%below the sector's middle half▲ 3.9pp-5.4%below the sector's middle half▲ 36.1pp17.8%within the sector's middle half▲ 23.3pp-0.8%below the sector's middle half▼ 18.7pp-4.6%below the sector's middle half▼ 3.7pp
Current ratio1.33-0.76▼ 0.570.84within the sector's middle half▲ 0.081.01within the sector's middle half▲ 0.171.77within the sector's middle half▲ 0.771.43within the sector's middle half▼ 0.341.49within the sector's middle half▲ 0.051.99within the sector's middle half▲ 0.50
Return on assets (ROA)-16.0%--18.4%▼ 2.4pp3.2%within the sector's middle half▲ 21.5pp20.0%above the sector's middle half▲ 16.8pp30.5%above the sector's middle half▲ 10.4pp24.1%above the sector's middle half▼ 6.4pp-29.1%below the sector's middle half▼ 53.1pp-4.2%below the sector's middle half▲ 24.8pp
Staff (FTE)12.1-10.9▼ 9.9%7within the sector's middle half▼ 35.8%3.9within the sector's middle half▼ 44.3%6.7within the sector's middle half▲ 71.8%6.2within the sector's middle half▼ 7.5%3.6within the sector's middle half▼ 41.9%2.6within the sector's middle half▼ 27.8%
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 €50,715, smaller than the loss of €191,790 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€102,938 ▼ 28.2%
Current assets
€1.5m ▲ 175%
Equity and liabilities
Equity-€74,669
Debt€1.7m
Equity is negative. Debt (€1.7m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
EBITDA
€14,379▲
2024 · -€95,433
Cash flow
-€3,863▲
2024 · -€107,260
Quick ratio
1.89▲
2024 · 1.49
Interest coverage
0.74▲
2024 · -8.11
Debt ≤ 1 year
€772,273▲
2024 · €374,625
Income taxes
€98▼
2024 · €2,492
Staff costs
€229,846▼
2024 · €279,372
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.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 4 | 3 | 3 |
| full-time | 4 | 3 | 3 |
| part-time | 0 | - | 0 |
| in full-time equivalents | 4 | 3 | 3 |
| Average over the year, in full-time equivalents | 6.2 | 3.6 | 2.6 |
| On a permanent contract | 4 | 3 | 2 |
| Joined | 8 | 3 | 2 |
| Left | 10 | 4 | 2 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | - | €1.0m | €1.1m | €1.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €63,895 | €125,141 | €70,201 | €41,647 | €24,591 |
| Depreciation and write-downs of the year | €38,552 | €65,527 | €83,587 | €96,357 | €65,095 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €7.8m | - | €3.3m | €3.0m | €6.8m | €4.4m | €4.2m | - | - |
| Non-recurring operating income76A | - | - | €0.007m | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €3.2m | €2.6m | €6.0m | €3.7m | €4.2m | - | - |
| Remuneration, social security and pensions62 | - | - | €0.4m | €0.3m | €0.5m | €0.5m | €0.3m | €0.2m | ▼ 17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.04m | €0.04m | €0.07m | €0.08m | €0.1m | €0.07m | ▼ 32.4% |
| Other operating charges640/8 | - | - | €33 | €160 | €102 | €0.001m | €0.001m | - | - |
| Non-recurring operating charges66A | - | - | - | €0.005m | €0.001m | - | - | - | - |
| Gross operating margin9900 | €0.5m | €0.4m | €0.5m | €0.5m | €1.1m | €0.8m | €0.2m | €0.2m | ▲ 32.1% |
| Operating profit (loss)9901 | -€0.3m | -€0.3m | €0.07m | €0.2m | €0.5m | €0.3m | -€0.2m | -€0.05m | ▲ 73.6% |
| Financial income75/76B | - | - | €0.001m | €0.01m | €0.01m | €0.1m | €0.002m | €0.001m | ▼ 42.5% |
| Recurring financial income75 | €0.07m | €0.001m | €0.001m | €0.01m | €0.01m | €0.1m | €0.002m | €0.001m | ▼ 42.5% |
| Financial charges65/66B | - | - | €0.02m | €0.04m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 66.1% |
| Recurring financial charges65 | €0.1m | €0.02m | €0.02m | €0.04m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | -€0.3m | -€0.3m | €0.05m | €0.2m | €0.5m | €0.4m | -€0.2m | -€0.07m | ▲ 65.8% |
| Income taxes67/77 | €0.003m | - | €443 | €155 | €0.1m | €0.1m | €0.002m | €98 | ▼ 96.1% |
| Profit (loss) for the period9904 | -€0.3m | -€0.3m | €0.05m | €0.2m | €0.4m | €0.3m | -€0.2m | -€0.07m | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | -€0.3m | -€0.3m | €0.05m | €0.2m | €0.4m | €0.3m | -€0.2m | -€0.07m | ▲ 66.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.5m | €1.5m | €1.1m | €1.3m | €1.1m | €0.7m | €1.6m | ▲ 134% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 28.2% |
| Intangible fixed assets21 | €0.01m | €0.01m | €0.008m | €0.005m | €0.002m | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 28.3% |
| Plant, machinery and equipment23 | - | - | €0.04m | €0.08m | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 30.3% |
| Furniture and vehicles24 | - | - | €0.005m | €0.004m | €0.003m | €0.002m | €0.001m | €0.001m | ▼ 31.9% |
| Other tangible fixed assets26 | - | - | €0.08m | €0.07m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 23.0% |
| Financial fixed assets28 | €0.003m | €332 | €332 | €332 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €1.7m | €1.3m | €1.4m | €1.0m | €1.1m | €0.9m | €0.6m | €1.5m | ▲ 175% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €0.08m | - |
| Contracts in progress37 | - | - | - | - | - | - | - | €0.08m | - |
| Amounts receivable within one year40/41 | €1.6m | €1.1m | €1.3m | €0.4m | €0.8m | €0.6m | €0.2m | €0.8m | ▲ 215% |
| Trade receivables40 | - | - | €1.2m | €0.4m | €0.8m | €0.6m | €0.2m | €0.8m | ▲ 272% |
| Other amounts receivable41 | - | - | €0.04m | €0.09m | €0.006m | €0.03m | €0.04m | €0.003m | ▼ 92.4% |
| Current investments50/53 | €0.002m | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.1m | €0.09m | €0.4m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 92.6% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.1m | €0.007m | €0.02m | €0.05m | €0.2m | ▲ 237% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.5m | €1.5m | €1.1m | €1.3m | €1.1m | €0.7m | €1.6m | ▲ 134% |
| Equity10/15 | -€0.5m | -€0.7m | -€0.7m | -€0.5m | -€0.07m | €0.2m | -€0.006m | -€0.07m | ▼ 1,207% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | €0.02m | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.02m | - | - | - | - | - | - |
| Distributable reserves133 | - | - | €272 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.7m | -€1.0m | -€0.9m | -€0.7m | -€0.3m | -€0.06m | -€0.3m | -€0.3m | ▼ 26.1% |
| Provisions and deferred taxes16 | - | - | - | €0.005m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.005m | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.005m | - | - | - | - | - |
| Amounts payable17/49 | €2.3m | €2.2m | €2.2m | €1.6m | €1.4m | €0.9m | €0.7m | €1.7m | ▲ 142% |
| Amounts payable after more than one year17 | - | - | - | €0.03m | €0.06m | €0.01m | - | - | - |
| Financial debts170/4 | - | - | - | €0.03m | €0.06m | €0.01m | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €1.6m | €1.0m | €0.6m | €0.6m | €0.4m | €0.8m | ▲ 106% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.05m | €0.05m | €0.01m | - | - |
| Trade debts44 | €0.9m | €0.9m | €0.6m | €0.3m | €0.2m | €0.3m | €0.2m | €0.5m | ▲ 137% |
| Suppliers440/4 | - | - | €0.6m | €0.3m | €0.2m | €0.3m | €0.2m | €0.5m | ▲ 137% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.001m | - |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.04m | €0.1m | €0.2m | €0.1m | €0.02m | ▼ 85.9% |
| Taxes450/3 | - | - | €0.01m | €0.009m | €0.01m | €0.1m | €0.1m | €0.004m | ▼ 96.2% |
| Remuneration and social security454/9 | - | - | €0.003m | €0.03m | €0.08m | €0.07m | €0.03m | €0.02m | ▼ 41.4% |
| Other amounts payable47/48 | - | - | €1.0m | €0.6m | €0.3m | €0.1m | - | €0.2m | - |
| Accrued charges and deferred income492/3 | - | - | €0.5m | €0.6m | €0.7m | €0.3m | €0.3m | €0.9m | ▲ 183% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€297,718 | -€269,456 | €47,647 | €221,627 | €390,062 | €267,096 | -€203,617 | -€68,958 | ▲ 66.1% |
| + Depreciation and write-downs630 | €37,763 | €37,614 | €37,111 | €38,552 | €65,527 | €83,587 | €96,357 | €65,095 | ▼ 32.4% |
| Operating cash flow (approximation) | -€259,955 | -€231,842 | €84,758 | €260,179 | €455,589 | €350,683 | -€107,260 | -€3,863 | ▲ 96.4% |
| Investment in fixed assets (approximation) | - | -€55,502 | €0 | -€63,895 | -€125,109 | -€70,201 | -€41,647 | -€24,591 | ▲ 41.0% |
| Change in cash | - | €62,057 | -€39,670 | €293,246 | -€78,922 | -€3,815 | -€45,684 | €235,365 | - |
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, 2,796 companies had the same profile as LOOM has now. Two years later, 90.4% were still going and 2.1% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a small loss
90.4%
was still going
6.0%
stopped otherwise
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOOM itself: 1.1% 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 2,796 companies, not a prediction for LOOM. 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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00225466 | |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00209098 | |
| 31-12-2023 | abbreviated format | 09-07-2024 | 2024-00227835 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00221067 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20124505 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29500540 | |
| 31-12-2019 | abbreviated format | 10-08-2020 | 2020-40100533 | |
| 31-12-2018 | abbreviated format | 24-09-2019 | 2019-65500575 | |
| 31-12-2017 | full format | 28-06-2018 | 2018-26200013 | |
| 31-12-2016 | full format | 07-07-2017 | 2017-29500303 |