OVIM CONSTRUCT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 28-11-2025 PDF all 5 filings
Turnover
€384,086▲ 11.2%
2022 · €345,526
EBIT margin
2.0%▲ 0.1pp
2022 · 1.9%
Net result
€6,927▲ 27.7%
2024 · €5,424
Working capital
€26,799▲ 7.1%
2024 · €25,022
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
€10,438
▲ 33.6%
2025
20212025
Net result
€6,927
▲ 27.7%
2025
middle half of the sector
20212025
EBIT margin
no figure
2025
20212025
Equity
€31,949
▲ 27.7%
2025
lowest quarter of the sector
20212025
Total assets
€81,499
▲ 50.4%
2025
lowest quarter of the sector
20212025
Debt
€49,550
▲ 70.0%
2025
20212025
Working capital
€26,799
▲ 7.1%
2025
lowest quarter of the sector
20212025
Solvency
39.2%
▼ 7.0pp
2025
middle half of the sector
20212025
Current ratio
1.54
▼ 0.32
2025
middle half of the sector
20212025
Return on assets (ROA)
8.5%
▼ 1.5pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€279,898-€345,526▲ 23.4%€384,086▲ 11.2%
Operating result€4,492-€6,693▲ 49.0%€7,734▲ 15.5%€7,812▲ 1.0%€10,438▲ 33.6%
Net result€3,102within the sector's middle half-€4,464within the sector's middle half▲ 43.9%€5,832within the sector's middle half▲ 30.7%€5,424within the sector's middle half▼ 7.0%€6,927within the sector's middle half▲ 27.7%
EBIT margin1.6%-1.9%▲ 0.3pp2.0%▲ 0.1pp
Equity€9,302below the sector's middle half-€13,765below the sector's middle half▲ 48.0%€19,597below the sector's middle half▲ 42.4%€25,022below the sector's middle half▲ 27.7%€31,949below the sector's middle half▲ 27.7%
Total assets€20,014below the sector's middle half-€32,744below the sector's middle half▲ 63.6%€26,854below the sector's middle half▼ 18.0%€54,173below the sector's middle half▲ 102%€81,499below the sector's middle half▲ 50.4%
Debt€10,712-€18,978▲ 77.2%€7,256▼ 61.8%€29,152▲ 302%€49,550▲ 70.0%
Working capital€2,188below the sector's middle half-€13,218below the sector's middle half▲ 504%€19,597below the sector's middle half▲ 48.3%€25,022within the sector's middle half▲ 27.7%€26,799below the sector's middle half▲ 7.1%
Solvency46.5%within the sector's middle half-42.0%within the sector's middle half▼ 4.4pp73.0%above the sector's middle half▲ 30.9pp46.2%within the sector's middle half▼ 26.8pp39.2%within the sector's middle half▼ 7.0pp
Current ratio1.20within the sector's middle half-1.70within the sector's middle half▲ 0.493.70above the sector's middle half▲ 2.001.86within the sector's middle half▼ 1.841.54within the sector's middle half▼ 0.32
Return on assets (ROA)15.5%within the sector's middle half-13.6%above the sector's middle half▼ 1.9pp21.7%above the sector's middle half▲ 8.1pp10.0%within the sector's middle half▼ 11.7pp8.5%within the sector's middle half▼ 1.5pp
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 34% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,499
Fixed assets
€5,149
Current assets
€76,350
Equity and liabilities €81,499
Equity
€31,949 ▲ 27.7%
Debt
€49,550 ▲ 70.0%
Debt's share of the balance-sheet total rises from 53.8% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,272
Cash flow
€7,761
Debt to equity
1.55▲
2024 · 1.17
ROE
21.7%=
2024 · 21.7%
Debt ≤ 1 year
€49,550▲
2024 · €29,152
Income taxes
€3,511▲
2024 · €2,388
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-04-2022 | 30-04-2023 | 30-04-2024 | 30-04-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €5,983 |
| Depreciation and write-downs of the year | €6,567 | €547 | - | €834 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €279,898 | €345,526 | €384,086 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €330,202 | €374,720 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,020 | €6,567 | €547 | - | €834 | - |
| Other operating charges640/8 | - | €2,064 | €1,085 | €4,585 | €1,458 | ▼ 68.2% |
| Gross operating margin9900 | €63,944 | €15,323 | €9,366 | €12,397 | €12,730 | ▲ 2.7% |
| Operating profit (loss)9901 | €4,492 | €6,693 | €7,734 | €7,812 | €10,438 | ▲ 33.6% |
| Financial charges65/66B | - | €63 | €29 | - | - | - |
| Recurring financial charges65 | €58 | €63 | €29 | - | - | - |
| Profit (loss) for the period before taxes9903 | €4,434 | €6,630 | €7,705 | €7,812 | €10,438 | ▲ 33.6% |
| Income taxes67/77 | €1,332 | €2,167 | €1,873 | €2,388 | €3,511 | ▲ 47.0% |
| Profit (loss) for the period9904 | €3,102 | €4,464 | €5,832 | €5,424 | €6,927 | ▲ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €3,102 | €4,464 | €5,832 | €5,424 | €6,927 | ▲ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,014 | €32,744 | €26,854 | €54,173 | €81,499 | ▲ 50.4% |
| Fixed assets21/28 | €7,114 | €547 | - | - | €5,149 | - |
| Tangible fixed assets22/27 | €7,114 | €547 | - | - | €5,149 | - |
| Plant, machinery and equipment23 | - | - | - | - | €993 | - |
| Furniture and vehicles24 | - | €547 | - | - | €4,156 | - |
| Current assets29/58 | €12,900 | €32,197 | €26,854 | €54,173 | €76,350 | ▲ 40.9% |
| Amounts receivable within one year40/41 | €6,325 | €14,931 | €23,092 | €28,210 | €65,254 | ▲ 131% |
| Trade receivables40 | - | €10,636 | €14,761 | €19,752 | €46,445 | ▲ 135% |
| Other amounts receivable41 | - | €4,295 | €8,331 | €8,459 | €18,808 | ▲ 122% |
| Cash at bank and in hand54/58 | €6,574 | - | €3,762 | €25,963 | €11,096 | ▼ 57.3% |
| Deferred charges and accrued income490/1 | - | €17,265 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,014 | €32,744 | €26,854 | €54,173 | €81,499 | ▲ 50.4% |
| Equity10/15 | €9,302 | €13,765 | €19,597 | €25,022 | €31,949 | ▲ 27.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €3,102 | €7,565 | €13,397 | €18,822 | €25,749 | ▲ 36.8% |
| Amounts payable17/49 | €10,712 | €18,978 | €7,256 | €29,152 | €49,550 | ▲ 70.0% |
| Amounts payable within one year42/48 | €10,712 | €18,978 | €7,256 | €29,152 | €49,550 | ▲ 70.0% |
| Trade debts44 | €9,380 | €13,736 | €834 | €26,057 | €45,772 | ▲ 75.7% |
| Suppliers440/4 | - | €13,736 | €834 | €26,057 | €45,772 | ▲ 75.7% |
| Taxes, remuneration and social security45 | - | €5,242 | €6,423 | €3,095 | €3,778 | ▲ 22.1% |
| Taxes450/3 | - | €2,167 | €1,423 | €1,095 | €2,461 | ▲ 125% |
| Remuneration and social security454/9 | - | €3,076 | €5,000 | €2,000 | €1,317 | ▼ 34.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,102 | €4,464 | €5,832 | €5,424 | €6,927 | ▲ 27.7% |
| + Depreciation and write-downs630 | €6,020 | €6,567 | €547 | - | €834 | - |
| Operating cash flow (approximation) | €9,121 | €11,030 | €6,379 | €5,424 | €7,761 | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | - | - | €22,201 | -€14,867 | - |
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, 26,972 companies had the same profile as OVIM CONSTRUCT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OVIM CONSTRUCT itself: 1.0% 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 26,972 companies, not a prediction for OVIM CONSTRUCT. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-04-2025 | full format | 28-11-2025 | 2025-00574274 | |
| 30-04-2024 | full format | 28-11-2024 | 2024-00606850 | |
| 30-04-2023 | full format | 17-10-2023 | 2023-00488134 | |
| 30-04-2022 | full format | 21-10-2022 | 2022-20471116 | |
| 30-04-2021 | micro format | 22-10-2021 | 2021-73000218 |