Offimac
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 47 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €7.5m
Estimated: probably between €4.5m and €13.0m
EBIT margin
Not included in this filing
Net result
€110,429▲ 299%
2025 · €27,701
Working capital
€1.0m▲ 10.4%
2025 · €938,091
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€194,782
▲ 124%
2026
20192026
Net result
€110,429
▲ 299%
2026
20192026
Equity
€624,775
▲ 21.5%
2026
20192026
Total assets
€1.9m
▼ 0.1%
2026
20192026
Debt
€1.3m
▼ 8.2%
2026
20192026
Working capital
€1.0m
▲ 10.4%
2026
20192026
Solvency
33.2%
▲ 5.9pp
2026
20192026
Current ratio
2.77
▲ 0.33
2026
20192026
Return on assets (ROA)
5.9%
▲ 4.4pp
2026
20192026
Staff (FTE)
17.6
▼ 9.7%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.2m-€0.3m▲ 44.0%€0.2m▼ 35.2%€0.04m▼ 80.5%€0.4m▲ 920%€0.7m▲ 78.7%€0.09m▼ 87.5%€0.2m▲ 124%
Net result€0.1m-€0.2m▲ 66.0%€0.1mwithin the sector's middle half▼ 38.6%€0.005mbelow the sector's middle half▼ 96.0%€0.3mabove the sector's middle half▲ 57×€0.5mabove the sector's middle half▲ 82.6%€0.03mwithin the sector's middle half▼ 94.1%€0.1m▲ 299%
Equity€0.7m-€0.9m▲ 26.5%€0.9mwithin the sector's middle half▲ 5.5%€0.9mwithin the sector's middle half▲ 0.5%€0.8mwithin the sector's middle half▼ 16.6%€0.8mwithin the sector's middle half▲ 0.4%€0.5mwithin the sector's middle half▼ 34.6%€0.6m▲ 21.5%
Total assets€2.1m-€2.1m▲ 1.9%€2.3mwithin the sector's middle half▲ 7.6%€2.2mwithin the sector's middle half▼ 4.5%€2.3mwithin the sector's middle half▲ 7.5%€3.0mabove the sector's middle half▲ 29.0%€1.9mwithin the sector's middle half▼ 37.2%€1.9m▼ 0.1%
Debt€1.4m-€1.2m▼ 10.7%€1.3m▲ 9.0%€1.2m▼ 8.0%€1.5m▲ 25.9%€2.2m▲ 43.5%€1.4m▼ 38.2%€1.3m▼ 8.2%
Working capital€1.1m-€1.4m▲ 18.8%€1.4mabove the sector's middle half▲ 4.5%€1.3mabove the sector's middle half▼ 6.4%€1.4mabove the sector's middle half▲ 3.4%€1.3mabove the sector's middle half▼ 2.5%€0.9mabove the sector's middle half▼ 30.2%€1.0m▲ 10.4%
Solvency33.9%-42.0%▲ 8.2pp41.2%within the sector's middle half▼ 0.8pp43.4%within the sector's middle half▲ 2.1pp33.7%within the sector's middle half▼ 9.7pp26.2%within the sector's middle half▼ 7.5pp27.3%within the sector's middle half▲ 1.1pp33.2%▲ 5.9pp
Current ratio2.47-3.41▲ 0.943.08above the sector's middle half▼ 0.343.28above the sector's middle half▲ 0.212.87within the sector's middle half▼ 0.421.91within the sector's middle half▼ 0.962.44within the sector's middle half▲ 0.532.77▲ 0.33
Return on assets (ROA)5.4%-8.8%▲ 3.4pp5.0%within the sector's middle half▼ 3.8pp0.2%below the sector's middle half▼ 4.8pp11.1%above the sector's middle half▲ 10.9pp15.7%above the sector's middle half▲ 4.6pp1.5%within the sector's middle half▼ 14.3pp5.9%▲ 4.4pp
Staff (FTE)21.3-17.3▼ 18.8%16.4above the sector's middle half▼ 5.2%16.4above the sector's middle half=17.1above the sector's middle half▲ 4.3%19.3above the sector's middle half▲ 12.9%19.5above the sector's middle half▲ 1.0%17.6▼ 9.7%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 2026 is 124% higher than in 2025. It is a recovery after the fall in 2025.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.9m
Fixed assets
€264,449 ▼ 10.8%
Current assets
€1.6m ▲ 1.9%
Equity and liabilities €1.9m
Equity
€624,775 ▲ 21.5%
Debt
€1.3m ▼ 8.2%
Debt's share of the balance-sheet total falls from 72.7% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€281,150▲
2025 · €139,392
Cash flow
€196,797▲
2025 · €80,202
Quick ratio
2.77▲
2025 · 2.44
Debt to equity
2.02▼
2025 · 2.67
ROE
17.7%▲
2025 · 5.4%
Interest coverage
9.01▲
2025 · 4.12
Debt ≤ 1 year
€583,711▼
2025 · €650,490
Debt > 1 year
€12,369▼
2025 · €29,783
Income taxes
€53,153▲
2025 · €25,619
Staff costs
€1.5m▼
2025 · €1.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 18 | 20 | 22 | 21 | 16 |
| full-time | 14 | 13 | 16 | 16 | 13 |
| part-time | 4 | 7 | 6 | 5 | 3 |
| in full-time equivalents | 16.8 | 17.5 | 19.9 | 19.8 | 15.2 |
| Average over the year, in full-time equivalents | 16.4 | 17.1 | 19.3 | 19.5 | 17.6 |
| On a permanent contract | 18 | 20 | 22 | 21 | 16 |
| Joined | - | 2 | 3 | 2 | 1 |
| Left | - | 0 | 1 | 3 | 6 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €57,056 | €22,598 | €32,012 | €28,034 | €8,716 |
| Intangible fixed assets | €75,000 | - | - | €144,326 | €45,540 |
| Depreciation and write-downs of the year | €40,764 | €61,969 | €65,956 | €52,501 | €86,368 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €5,029 awarded · €5,029 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €4,779 | €4,779 |
| 2023 | 1 | €0 | €250 |
| 2022 | 1 | €250 | €0 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.02m | €0.06m | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.1m | €1.2m | €1.5m | €1.6m | €1.5m | ▼ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.04m | €0.04m | €0.04m | €0.06m | €0.07m | €0.05m | €0.09m | ▲ 64.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | -€0.006m | €457 | -€0.005m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 25.5% |
| Non-recurring operating charges66A | - | - | - | €0.2m | €0 | - | - | - | - |
| Gross operating margin9900 | €1.6m | €1.5m | €1.4m | €1.4m | €1.7m | €2.3m | €1.7m | €1.8m | ▲ 2.9% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.2m | €0.04m | €0.4m | €0.7m | €0.09m | €0.2m | ▲ 124% |
| Financial income75/76B | - | - | - | €0.009m | €0.006m | €1 | €273 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0.009m | €0.01m | €0.008m | €0.009m | €0.006m | €1 | €273 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 7.8% |
| Recurring financial charges65 | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.3m | €0.2m | €0.03m | €0.4m | €0.7m | €0.05m | €0.2m | ▲ 207% |
| Income taxes67/77 | €0.08m | €0.1m | €0.07m | €0.02m | €0.1m | €0.2m | €0.03m | €0.05m | ▲ 107% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.1m | €0.005m | €0.3m | €0.5m | €0.03m | €0.1m | ▲ 299% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.01m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.1m | €0.01m | €0.3m | €0.5m | €0.03m | €0.1m | ▲ 299% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.1m | €2.3m | €2.2m | €2.3m | €3.0m | €1.9m | €1.9m | ▼ 0.1% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 10.8% |
| Intangible fixed assets21 | €0.002m | €0.001m | €0 | €0.07m | €0.06m | €0.04m | €0.2m | €0.2m | ▼ 1.8% |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 23.6% |
| Land and buildings22 | - | - | - | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 39.9% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.02m | €0.01m | €0.008m | €0.006m | ▼ 29.3% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.009m | €0.02m | €0.02m | €0.008m | ▼ 55.1% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.02m | €0.003m | €0.02m | €0.01m | ▼ 30.7% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.07m | ▼ 13.7% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €1.9m | €1.9m | €2.1m | €1.9m | €2.1m | €2.8m | €1.6m | €1.6m | ▲ 1.9% |
| Stocks and contracts in progress3 | €0.002m | €0.002m | €0.001m | €0.005m | €0.006m | €0.005m | €0.003m | €0.005m | ▲ 85.0% |
| Stocks30/36 | - | - | - | €0.005m | €0.006m | €0.005m | €0.003m | €0.005m | ▲ 85.0% |
| Amounts receivable within one year40/41 | €1.1m | €1.0m | €1.4m | €1.2m | €1.0m | €1.1m | €0.9m | €0.8m | ▼ 4.9% |
| Trade receivables40 | - | - | - | €0.7m | €1.0m | €1.0m | €0.7m | €0.8m | ▲ 8.2% |
| Other amounts receivable41 | - | - | - | €0.5m | €282 | €0.1m | €0.1m | €0.03m | ▼ 76.9% |
| Current investments50/53 | €0.1m | €0.1m | €0.1m | €0.1m | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.4m | €0.4m | €0.9m | €1.5m | €0.4m | €0.5m | ▲ 17.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 2.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.3m | €2.2m | €2.3m | €3.0m | €1.9m | €1.9m | ▼ 0.1% |
| Equity10/15 | €0.7m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.5m | €0.6m | ▲ 21.5% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.6m | €0.8m | €0.9m | €0.9m | €0.7m | €0.7m | €0.5m | €0.6m | ▲ 24.4% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.9m | €0.7m | €0.7m | €0.4m | €0.6m | ▲ 24.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.4m | €1.2m | €1.3m | €1.2m | €1.5m | €2.2m | €1.4m | €1.3m | ▼ 8.2% |
| Amounts payable after more than one year17 | €0.04m | €0.07m | €0.05m | €0.03m | €0.05m | €0.03m | €0.03m | €0.01m | ▼ 58.5% |
| Financial debts170/4 | - | - | - | €0.03m | €0.05m | €0.03m | €0.03m | €0.01m | ▼ 58.5% |
| Amounts payable within one year42/48 | €0.8m | €0.6m | €0.7m | €0.6m | €0.7m | €1.5m | €0.7m | €0.6m | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.03m | €0.02m | €0.1m | €0.1m | ▼ 6.1% |
| Financial debts43 | - | - | - | €0.1m | €0.07m | €0.08m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.1m | €0.07m | €0.08m | - | - | - |
| Trade debts44 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 25.6% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 25.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.6m | €0.3m | €0.3m | ▲ 1.1% |
| Taxes450/3 | - | - | - | €0.03m | €0.1m | €0.3m | €0.07m | €0.08m | ▲ 28.4% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 6.8% |
| Other amounts payable47/48 | - | - | - | €0 | - | €0.5m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.6m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 4.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.1m | €0.005m | €0.3m | €0.5m | €0.03m | €0.1m | ▲ 299% |
| + Depreciation and write-downs630 | €0.03m | €0.04m | €0.04m | €0.04m | €0.06m | €0.07m | €0.05m | €0.09m | ▲ 64.5% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.2m | €0.05m | €0.3m | €0.5m | €0.08m | €0.2m | ▲ 145% |
| Investment in fixed assets (approximation) | - | -€0.08m | -€0.02m | -€0.1m | -€0.02m | -€0.03m | -€0.2m | -€0.05m | ▲ 68.5% |
| Change in cash | - | €0.06m | -€0.2m | -€0.02m | €0.5m | €0.6m | -€1.0m | €0.08m | - |
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, 20,136 companies had the same profile as Offimac has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of Offimac itself: < 0.1% 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 20,136 companies, not a prediction for Offimac. 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 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 30-10-2026 | 2026-00596776 | |
| 31-03-2025 | abbreviated format | 29-10-2025 | 2025-00552495 | |
| 31-03-2024 | abbreviated format | 28-10-2024 | 2024-00516491 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00500366 | |
| 31-03-2022 | abbreviated format | 17-08-2022 | 2022-20292024 | |
| 31-03-2021 | abbreviated format | 28-10-2021 | 2021-76500553 | |
| 31-03-2020 | abbreviated format | 30-10-2020 | 2020-65900417 | |
| 31-03-2019 | abbreviated format | 15-10-2019 | 2019-70000493 | |
| 31-03-2018 | abbreviated format | 24-10-2018 | 2018-69800344 | |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68000504 |