ODIFA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026882.
Annual accounts 2025 filed on 02-02-2026 PDF all 6 filings
Every figure per financial year
The operating result for 2025 is 32% lower than in 2024.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | €111,985 | - |
| Mortgage mandates | €135,793 | €155,000 | - | - |
| Carrying value of the mortgaged assets | €135,793 | €122,652 | €111,985 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,565 | - | - | - |
| Depreciation and write-downs of the year | €10,757 | €10,923 | €10,923 | €10,923 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €6,877 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,348 | €10,667 | €10,757 | €10,923 | €10,923 | €10,923 | = |
| Other operating charges640/8 | - | - | €1,148 | €1,168 | €1,286 | €1,320 | ▲ 2.6% |
| Gross operating margin9900 | -€2,879 | €11,011 | €13,822 | €14,710 | €16,383 | €15,078 | ▼ 8.0% |
| Operating profit (loss)9901 | -€8,227 | -€1,890 | €1,917 | €2,619 | €4,174 | €2,835 | ▼ 32.1% |
| Financial charges65/66B | - | - | €3,281 | €3,085 | €2,954 | €2,659 | ▼ 10.0% |
| Recurring financial charges65 | €2,509 | €3,496 | €3,281 | €3,085 | €2,954 | €2,659 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€1,136 | -€2,486 | -€1,364 | -€467 | €1,220 | €176 | ▼ 85.6% |
| Profit (loss) for the period9904 | -€1,136 | -€2,486 | -€1,364 | -€467 | €1,220 | €176 | ▼ 85.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,136 | -€2,486 | -€1,364 | -€467 | €1,220 | €176 | ▼ 85.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €172,508 | €154,809 | €144,062 | €133,115 | €124,866 | €115,330 | ▼ 7.6% |
| Fixed assets21/28 | €154,652 | €143,985 | €135,793 | €124,870 | €113,947 | €103,024 | ▼ 9.6% |
| Tangible fixed assets22/27 | €154,652 | €143,985 | €135,793 | €124,870 | €113,947 | €103,024 | ▼ 9.6% |
| Land and buildings22 | - | - | €133,319 | €122,652 | €111,985 | €101,319 | ▼ 9.5% |
| Other tangible fixed assets26 | - | - | €2,474 | €2,218 | €1,961 | €1,705 | ▼ 13.1% |
| Current assets29/58 | €17,856 | €10,823 | €8,269 | €8,245 | €10,919 | €12,306 | ▲ 12.7% |
| Amounts receivable within one year40/41 | €2,745 | - | - | - | €7,450 | €5,900 | ▼ 20.8% |
| Trade receivables40 | - | - | - | - | €1,550 | - | - |
| Other amounts receivable41 | - | - | - | - | €5,900 | €5,900 | = |
| Cash at bank and in hand54/58 | €15,111 | €10,823 | €7,357 | €7,672 | €2,116 | €6,406 | ▲ 203% |
| Deferred charges and accrued income490/1 | - | - | €912 | €573 | €1,354 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €172,508 | €154,809 | €144,062 | €133,115 | €124,866 | €115,330 | ▼ 7.6% |
| Equity10/15 | €13,864 | €11,378 | €10,014 | €9,548 | €10,768 | €10,944 | ▲ 1.6% |
| Contributions10/11 | €15,000 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€1,136 | -€3,622 | -€4,986 | -€5,452 | -€4,232 | -€4,056 | ▲ 4.2% |
| Amounts payable17/49 | €158,644 | €143,431 | €134,048 | €123,567 | €114,099 | €104,386 | ▼ 8.5% |
| Amounts payable after more than one year17 | €141,786 | €132,724 | €123,451 | €113,979 | €104,270 | €94,335 | ▼ 9.5% |
| Financial debts170/4 | - | - | €123,451 | €113,979 | €104,270 | €94,335 | ▼ 9.5% |
| Amounts payable within one year42/48 | €16,858 | €10,707 | €10,597 | €9,588 | €9,829 | €10,052 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | €9,273 | €9,471 | €9,709 | €9,935 | ▲ 2.3% |
| Trade debts44 | €2,313 | - | - | - | €3 | - | - |
| Suppliers440/4 | - | - | - | - | €3 | - | - |
| Other amounts payable47/48 | - | - | €1,324 | €116 | €116 | €116 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,136 | -€2,486 | -€1,364 | -€467 | €1,220 | €176 | ▼ 85.6% |
| + Depreciation and write-downs630 | €5,348 | €10,667 | €10,757 | €10,923 | €10,923 | €10,923 | = |
| Operating cash flow (approximation) | €4,212 | €8,181 | €9,394 | €10,457 | €12,143 | €11,099 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,565 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,288 | -€3,466 | €314 | -€5,556 | €4,291 | - |
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, 1,251 companies had the same profile as ODIFA has now. Two years later, 94.4% were still going and 2.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ODIFA itself: 0.9% 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 1,251 companies, not a prediction for ODIFA. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00026882 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00012313 | |
| 30-06-2023 | micro format | 01-02-2024 | 2024-00023765 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00016877 | |
| 30-06-2021 | micro format | 28-02-2022 | 2022-06600394 | |
| 30-06-2020 | micro format | 31-01-2021 | 2021-04200584 |