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PLACIMMO

Active
Private limited company (pre-2019)founded 2006active for 20 yearsStationstraat 133, 7700 Mouscron, BelgiumKBO/BCE: BE 0879.401.802

Financials · financial year 2025, micro format

2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00386009.

Annual accounts 2025 filed on 05-08-2026 at the NBB all 19 filings

Equity
-€245,897▼ 3.2%
2024 · -€238,368
Total assets
€4,569▼ 50.1%
2024 · €9,166
Net result
-€7,529▼ 5.7%
2024 · -€7,122
Working capital
-€250,458▼ 1.2%
2024 · -€247,524
Multi-year overview
2019 to 2025, 7 financial years
Operating result
-€7,483
▼ 6.0% 2025
20192025
Net result
-€7,529
▼ 5.7% 2025
20192025
Equity
-€245,897
▼ 3.2% 2025
20192025
Total assets
€4,569
▼ 50.1% 2025
20192025
Debt
€250,467
▲ 1.2% 2025
20192025
Working capital
-€250,458
▼ 1.2% 2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€6,632--€4,240▲ 36.1%-€11,677▼ 175%-€11,490▲ 1.6%-€14,378▼ 25.1%-€7,058▲ 50.9%-€7,483▼ 6.0%
Net result-€6,677--€4,524▲ 32.2%-€11,711▼ 159%-€11,531▲ 1.5%-€14,420▼ 25.1%-€7,122▲ 50.6%-€7,529▼ 5.7%
Equity-€189,061--€193,585▼ 2.4%-€205,296▼ 6.0%-€216,826▼ 5.6%-€231,246▼ 6.7%-€238,368▼ 3.1%-€245,897▼ 3.2%
Total assets€54,971-€35,630▼ 35.2%€26,852▼ 24.6%€18,384▼ 31.5%€13,758▼ 25.2%€9,166▼ 33.4%€4,569▼ 50.1%
Debt€244,032-€229,216▼ 6.1%€232,148▲ 1.3%€235,210▲ 1.3%€245,004▲ 4.2%€247,534▲ 1.0%€250,467▲ 1.2%
Working capital-€221,190--€221,120=-€228,236▼ 3.2%-€235,172▼ 3.0%-€244,997▼ 4.2%-€247,524▼ 1.0%-€250,458▼ 1.2%

The operating result for 2025 is a loss of €7,483, larger than the loss of €7,058 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,569
Fixed assets €4,561 ▼ 50.2%
Current assets €9 ▼ 8.7%
Equity and liabilities
Equity-€245,897
Debt€250,467
Equity is negative. Debt (€250,467) exceeds the balance-sheet total (€4,569).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2,887▼
2024 · -€2,463
Cash flow
-€2,934▼
2024 · -€2,527
Interest coverage
-62.09▼
2024 · -38.41
Debt ≤ 1 year
€250,467▲
2024 · €247,534
The ratios are withheld because a balance sheet total of €4,569 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€9,166€4,569▼
Fixed assets21/28€9,156€4,561▼
Tangible fixed assets22/27€9,156€4,561▼
Land and buildings22€9,156€4,561▼
Current assets29/58€10€9▼
Cash at bank and in hand54/58€10€9▼
Equity and liabilities
Total equity and liabilities10/49€9,166€4,569▼
Equity10/15-€238,368-€245,897▼
Contributions10/11€10,500€10,500=
Profit (loss) carried forward14-€248,868-€256,397▼
Amounts payable17/49€247,534€250,467▲
Amounts payable within one year42/48€247,534€250,467▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€6,186€8,447▲
Suppliers440/4€6,186€8,447▲
Other amounts payable47/48€241,348€242,020▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,595€4,595=
Other operating charges640/8€2,004€2,011▲
Gross operating margin9900-€459-€877▼
Operating profit (loss)9901-€7,058-€7,483▼
Financial charges65/66B€64€47▼
Recurring financial charges65€64€47▼
Profit (loss) for the period before taxes9903-€7,122-€7,529▼
Profit (loss) for the period9904-€7,122-€7,529▼
Profit (loss) for the period to be appropriated9905-€7,122-€7,529▼
Appropriation of the result
Profit (loss) to be appropriated9906-€248,868-€256,397▼
Profit (loss) brought forward from the previous period14P-€241,746-€248,868▼

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 05-08-2026.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,595€4,595€4,595€4,595€4,595€4,595€4,595=
Other operating charges640/8--€2,044€2,079€2,432€2,004€2,011▲ 0.3%
Gross operating margin9900-€24€2,420-€5,039-€4,817-€7,351-€459-€877▼ 91.1%
Operating profit (loss)9901-€6,632-€4,240-€11,677-€11,490-€14,378-€7,058-€7,483▼ 6.0%
Financial charges65/66B--€33€40€42€64€47▼ 27.5%
Recurring financial charges65€45€285€33€40€42€64€47▼ 27.5%
Profit (loss) for the period before taxes9903-€6,677-€4,524-€11,711-€11,531-€14,420-€7,122-€7,529▼ 5.7%
Profit (loss) for the period9904-€6,677-€4,524-€11,711-€11,531-€14,420-€7,122-€7,529▼ 5.7%
Profit (loss) for the period to be appropriated9905-€6,677-€4,524-€11,711-€11,531-€14,420-€7,122-€7,529▼ 5.7%
Line2019202020212022202320242025Change
Assets
Total assets20/58€54,971€35,630€26,852€18,384€13,758€9,166€4,569▼ 50.1%
Fixed assets21/28€32,129€27,535€22,940€18,345€13,751€9,156€4,561▼ 50.2%
Tangible fixed assets22/27€32,129€27,535€22,940€18,345€13,751€9,156€4,561▼ 50.2%
Land and buildings22--€22,940€18,345€13,751€9,156€4,561▼ 50.2%
Current assets29/58€22,841€8,096€3,912€38€8€10€9▼ 8.7%
Cash at bank and in hand54/58€0€3€2€38€8€10€9▼ 8.7%
Deferred charges and accrued income490/1--€3,910-----
Equity and liabilities
Total equity and liabilities10/49€54,971€35,630€26,852€18,384€13,758€9,166€4,569▼ 50.1%
Equity10/15-€189,061-€193,585-€205,296-€216,826-€231,246-€238,368-€245,897▼ 3.2%
Contributions10/11€10,500-€10,500€10,500€10,500€10,500€10,500=
Profit (loss) carried forward14-€199,561-€204,085-€215,796-€227,326-€241,746-€248,868-€256,397▼ 3.0%
Amounts payable17/49€244,032€229,216€232,148€235,210€245,004€247,534€250,467▲ 1.2%
Amounts payable within one year42/48€244,032€229,216€232,148€235,210€245,004€247,534€250,467▲ 1.2%
Financial debts43-----€0--
Credit institutions430/8-----€0--
Trade debts44€4,852€2,475€7,871€4,713€6,630€6,186€8,447▲ 36.6%
Suppliers440/4--€7,871€4,713€6,630€6,186€8,447▲ 36.6%
Other amounts payable47/48--€224,277€230,497€238,375€241,348€242,020▲ 0.3%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€6,677-€4,524-€11,711-€11,531-€14,420-€7,122-€7,529▼ 5.7%
+ Depreciation and write-downs630€4,595€4,595€4,595€4,595€4,595€4,595€4,595=
Operating cash flow (approximation)-€2,083€70-€7,116-€6,936-€9,825-€2,527-€2,934▼ 16.1%
Investment in fixed assets (approximation)-€0€0€0€0€0€0-
Change in cash-€2-€1€36-€31€2-€1-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 6,619 companies had the same profile as PLACIMMO has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
84.5% was still going
10.0% stopped otherwise
4.5% went bankrupt

Another 1.0% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PLACIMMO itself: 3.4% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,619 companies, not a prediction for PLACIMMO. 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 19 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 05-08-2026 2026-00386009 PDF
31-12-2024 micro format 16-07-2025 2025-00275527 PDF
31-12-2023 micro format 05-08-2024 2024-00329077 PDF
31-12-2022 micro format 30-08-2023 2023-00400576 PDF
31-12-2021 micro format 26-08-2022 2022-20323128 PDF
31-12-2020 micro format 02-07-2021 2021-29700404 PDF
31-12-2019 micro format 02-07-2020 2020-25500002 PDF
31-12-2017 micro format 29-06-2018 2018-26000222 PDF
31-12-2016 micro format 30-08-2017 2017-53600339 PDF
31-12-2015 full format 29-08-2016 2016-50500106 PDF

Show all 19 filings

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