OPTIMA SOLUTION
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-04-2026 PDF all 7 filings
Turnover
≈ €450,000
Estimated: probably between €310,000 and €560,000
Total assets
€297,024▼ 0.7%
2024 · €299,168
Net result
€5,320
2024 · -€2,386
Working capital
€56,860▲ 38.3%
2024 · €41,122
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€13,234
2025
20192025
Net result
€5,320
2025
middle half of the sector
20192025
Equity
€74,675
▲ 7.7%
2025
middle half of the sector
20192025
Total assets
€297,024
▼ 0.7%
2025
middle half of the sector
20192025
Debt
€222,349
▼ 3.2%
2025
20192025
Working capital
€56,860
▲ 38.3%
2025
middle half of the sector
20192025
Solvency
25.1%
▲ 2.0pp
2025
middle half of the sector
20192025
Current ratio
1.27
▲ 0.08
2025
middle half of the sector
20192025
Return on assets (ROA)
1.8%
▲ 2.6pp
2025
middle half of the sector
20192025
Staff (FTE)
2.1
▲ 5.0%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€4,356-€12,145▲ 179%€3,541▼ 70.8%€25,626▲ 624%€20,462▼ 20.2%-€5,055€13,234
Net result€3,812-€10,313within the sector's middle half▲ 171%€2,430within the sector's middle half▼ 76.4%€21,417within the sector's middle half▲ 781%€15,171within the sector's middle half▼ 29.2%-€2,386below the sector's middle half€5,320within the sector's middle half
Equity€10,012-€20,324within the sector's middle half▲ 103%€22,754within the sector's middle half▲ 12.0%€56,570within the sector's middle half▲ 149%€71,741within the sector's middle half▲ 26.8%€69,356within the sector's middle half▼ 3.3%€74,675within the sector's middle half▲ 7.7%
Total assets€103,296-€141,096within the sector's middle half▲ 36.6%€175,462within the sector's middle half▲ 24.4%€246,495within the sector's middle half▲ 40.5%€258,713within the sector's middle half▲ 5.0%€299,168above the sector's middle half▲ 15.6%€297,024within the sector's middle half▼ 0.7%
Debt€93,284-€120,772▲ 29.5%€152,709▲ 26.4%€189,925▲ 24.4%€186,972▼ 1.6%€229,813▲ 22.9%€222,349▼ 3.2%
Working capital€19,177-€11,099within the sector's middle half▼ 42.1%€30,916within the sector's middle half▲ 179%€43,932within the sector's middle half▲ 42.1%€66,641within the sector's middle half▲ 51.7%€41,122within the sector's middle half▼ 38.3%€56,860within the sector's middle half▲ 38.3%
Solvency9.7%-14.4%below the sector's middle half▲ 4.7pp13.0%below the sector's middle half▼ 1.4pp22.9%within the sector's middle half▲ 10.0pp27.7%within the sector's middle half▲ 4.8pp23.2%below the sector's middle half▼ 4.5pp25.1%within the sector's middle half▲ 2.0pp
Current ratio1.32-1.11within the sector's middle half▼ 0.211.25within the sector's middle half▲ 0.141.32within the sector's middle half▲ 0.071.47within the sector's middle half▲ 0.151.19within the sector's middle half▼ 0.281.27within the sector's middle half▲ 0.08
Return on assets (ROA)3.7%-7.3%within the sector's middle half▲ 3.6pp1.4%within the sector's middle half▼ 5.9pp8.7%within the sector's middle half▲ 7.3pp5.9%within the sector's middle half▼ 2.8pp-0.8%below the sector's middle half▼ 6.7pp1.8%within the sector's middle half▲ 2.6pp
Staff (FTE)1-1within the sector's middle half=1=1=1.8▲ 80.0%2▲ 11.1%2.1▲ 5.0%
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 profit of €13,234, after a loss of €5,055 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 €297,024
Fixed assets
€27,893 ▼ 37.3%
Current assets
€269,131 ▲ 5.7%
Equity and liabilities €297,024
Equity
€74,675 ▲ 7.7%
Debt
€222,349 ▼ 3.2%
Debt's share of the balance-sheet total falls from 76.8% to 74.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,800▲
2024 · €12,885
Cash flow
€21,886▲
2024 · €15,554
Quick ratio
0.67▲
2024 · 0.56
Debt to equity
2.98▼
2024 · 3.31
ROE
7.1%▲
2024 · -3.4%
Interest coverage
2.82▼
2024 · 3.26
Debt ≤ 1 year
€212,271▼
2024 · €213,588
Debt > 1 year
€10,077▼
2024 · €16,225
Income taxes
€1,901▲
2024 · -€1,068
Staff costs
€118,219▲
2024 · €117,590
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 2 | 2 | 2 |
| full-time | 1 | 1 | 2 | 2 | 2 |
| in full-time equivalents | 1 | 1 | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 1 | 1 | 1.8 | 2 | 2.1 |
| On a permanent contract | 1 | 1 | 2 | 2 | 2 |
| Joined | - | - | 1 | - | - |
| Left | - | - | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,503 | €62,319 | €5,466 | €6,423 | - |
| Intangible fixed assets | - | - | - | €4,688 | - |
| Depreciation and write-downs of the year | €10,263 | €12,144 | €20,670 | €17,940 | €16,566 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €2,461 awarded · €2,461 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,053 | €2,053 |
| 2024 | 1 | €408 | €408 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €48,225 | €45,567 | €112,056 | €117,590 | €118,219 | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,317 | €9,832 | €10,263 | €12,144 | €20,670 | €17,940 | €16,566 | ▼ 7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €2,652 | - |
| Other operating charges640/8 | - | - | €3,058 | €4,283 | €1,536 | €1,472 | €1,853 | ▲ 25.9% |
| Gross operating margin9900 | €44,905 | €61,625 | €65,087 | €87,620 | €154,723 | €131,947 | €152,524 | ▲ 15.6% |
| Operating profit (loss)9901 | €4,356 | €12,145 | €3,541 | €25,626 | €20,462 | -€5,055 | €13,234 | - |
| Financial income75/76B | - | - | €2,752 | €5,019 | €6,742 | €5,552 | €4,552 | ▼ 18.0% |
| Recurring financial income75 | €1,310 | €2,811 | €2,752 | €5,019 | €6,742 | €5,552 | €4,552 | ▼ 18.0% |
| Financial charges65/66B | - | - | €3,033 | €3,109 | €6,044 | €3,950 | €10,566 | ▲ 167% |
| Recurring financial charges65 | €1,353 | €2,199 | €3,033 | €3,109 | €6,044 | €3,950 | €10,566 | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €4,314 | €12,756 | €3,260 | €27,536 | €21,160 | -€3,453 | €7,221 | - |
| Income taxes67/77 | €502 | €2,444 | €830 | €6,119 | €5,989 | -€1,068 | €1,901 | - |
| Profit (loss) for the period9904 | €3,812 | €10,313 | €2,430 | €21,417 | €15,171 | -€2,386 | €5,320 | - |
| Profit (loss) for the period to be appropriated9905 | €3,812 | €10,313 | €2,430 | €21,417 | €15,171 | -€2,386 | €5,320 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €103,296 | €141,096 | €175,462 | €246,495 | €258,713 | €299,168 | €297,024 | ▼ 0.7% |
| Fixed assets21/28 | €24,629 | €31,883 | €23,123 | €66,492 | €51,288 | €44,459 | €27,893 | ▼ 37.3% |
| Intangible fixed assets21 | - | - | - | - | - | €4,475 | €3,538 | ▼ 21.0% |
| Tangible fixed assets22/27 | €24,629 | €31,883 | €23,123 | €66,492 | €51,288 | €39,983 | €24,355 | ▼ 39.1% |
| Plant, machinery and equipment23 | - | - | €20,208 | €14,492 | €5,916 | €3,769 | €2,305 | ▼ 38.8% |
| Furniture and vehicles24 | - | - | €2,914 | €94 | €4,323 | €6,023 | €2,716 | ▼ 54.9% |
| Leasing and similar rights25 | - | - | - | €51,905 | €41,048 | €30,191 | €19,334 | ▼ 36.0% |
| Current assets29/58 | €78,666 | €109,213 | €152,340 | €180,004 | €207,426 | €254,710 | €269,131 | ▲ 5.7% |
| Stocks and contracts in progress3 | €13,224 | €27,607 | €66,214 | €100,125 | €96,952 | €134,128 | €127,702 | ▼ 4.8% |
| Stocks30/36 | - | - | €27,607 | €89,994 | €96,952 | €93,128 | €88,123 | ▼ 5.4% |
| Contracts in progress37 | - | - | €38,607 | €10,130 | - | €41,000 | €39,579 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €50,796 | €57,181 | €63,446 | €58,757 | €91,155 | €105,246 | €122,573 | ▲ 16.5% |
| Trade receivables40 | - | - | €49,292 | €31,738 | €65,022 | €69,455 | €76,778 | ▲ 10.5% |
| Other amounts receivable41 | - | - | €14,154 | €27,019 | €26,133 | €35,791 | €45,796 | ▲ 28.0% |
| Cash at bank and in hand54/58 | €5,734 | €7,991 | €20,720 | €19,582 | €17,606 | €13,294 | €16,564 | ▲ 24.6% |
| Deferred charges and accrued income490/1 | - | - | €1,960 | €1,541 | €1,712 | €2,041 | €2,291 | ▲ 12.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €103,296 | €141,096 | €175,462 | €246,495 | €258,713 | €299,168 | €297,024 | ▼ 0.7% |
| Equity10/15 | €10,012 | €20,324 | €22,754 | €56,570 | €71,741 | €69,356 | €74,675 | ▲ 7.7% |
| Contributions10/11 | €6,200 | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,812 | €14,124 | €16,554 | €37,970 | €53,141 | €50,756 | €56,075 | ▲ 10.5% |
| Distributable reserves133 | - | - | €16,554 | €37,970 | €53,141 | €50,756 | €56,075 | ▲ 10.5% |
| Amounts payable17/49 | €93,284 | €120,772 | €152,709 | €189,925 | €186,972 | €229,813 | €222,349 | ▼ 3.2% |
| Amounts payable after more than one year17 | €33,795 | €22,657 | €11,285 | €33,853 | €25,187 | €16,225 | €10,077 | ▼ 37.9% |
| Financial debts170/4 | - | - | €11,285 | €33,853 | €25,187 | €16,225 | €10,077 | ▼ 37.9% |
| Amounts payable within one year42/48 | €59,489 | €98,114 | €121,424 | €136,072 | €140,785 | €213,588 | €212,271 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €11,373 | €19,665 | €8,666 | €16,665 | €16,868 | ▲ 1.2% |
| Financial debts43 | - | - | €25,000 | €30,000 | - | €63,529 | €40,000 | ▼ 37.0% |
| Credit institutions430/8 | - | - | €25,000 | €30,000 | - | €63,529 | €40,000 | ▼ 37.0% |
| Trade debts44 | €37,656 | €13,375 | €18,041 | €34,552 | €50,670 | €63,423 | €58,460 | ▼ 7.8% |
| Suppliers440/4 | - | - | €18,041 | €34,552 | €50,670 | €63,423 | €58,460 | ▼ 7.8% |
| Taxes, remuneration and social security45 | - | - | €10,309 | €12,256 | €19,081 | €9,676 | €8,185 | ▼ 15.4% |
| Taxes450/3 | - | - | €3,799 | €6,949 | €8,108 | €921 | - | - |
| Remuneration and social security454/9 | - | - | €6,510 | €5,307 | €10,973 | €8,755 | €8,185 | ▼ 6.5% |
| Other amounts payable47/48 | - | - | €56,701 | €39,598 | €62,368 | €60,295 | €88,758 | ▲ 47.2% |
| Accrued charges and deferred income492/3 | - | - | €20,000 | €20,000 | €21,000 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,812 | €10,313 | €2,430 | €21,417 | €15,171 | -€2,386 | €5,320 | - |
| + Depreciation and write-downs630 | €8,317 | €9,832 | €10,263 | €12,144 | €20,670 | €17,940 | €16,566 | ▼ 7.7% |
| Operating cash flow (approximation) | €12,129 | €20,145 | €12,693 | €33,560 | €35,841 | €15,554 | €21,886 | ▲ 40.7% |
| Investment in fixed assets (approximation) | - | -€17,086 | -€1,503 | -€55,513 | -€5,466 | -€11,111 | €0 | - |
| Change in cash | - | €2,257 | €12,729 | -€1,138 | -€1,975 | -€4,312 | €3,270 | - |
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, 3,274 companies had the same profile as OPTIMA SOLUTION has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
94.7%
was still going
2.5%
stopped otherwise
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OPTIMA SOLUTION itself: 0.8% 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 3,274 companies, not a prediction for OPTIMA SOLUTION. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-04-2026 | 2026-00090884 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00344657 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00202525 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00237256 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20187444 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36300547 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34300166 |