POELIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-05-2026 PDF all 36 filings
Turnover
≈ €240,000
Estimated: probably between €160,000 and €410,000
Total assets
€612,822▲ 7.0%
2024 · €572,749
Net result
€38,647▲ 15.4%
2024 · €33,496
Working capital
€262,122▲ 25.8%
2024 · €208,358
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€47,686
▲ 6.0%
2025
20182025
Net result
€38,647
▲ 15.4%
2025
20182025
Equity
€600,393
▲ 6.9%
2025
20182025
Total assets
€612,822
▲ 7.0%
2025
20182025
Debt
€12,429
▲ 13.0%
2025
20182025
Working capital
€262,122
▲ 25.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€5,163-€28,848€33,894▲ 17.5%€48,140▲ 42.0%€50,093▲ 4.1%€36,323▼ 27.5%€44,996▲ 23.9%€47,686▲ 6.0%
Net result-€5,608-€30,832€33,446▲ 8.5%€47,377▲ 41.7%€45,380▼ 4.2%€35,239▼ 22.3%€33,496▼ 4.9%€38,647▲ 15.4%
Equity€335,976-€366,808▲ 9.2%€400,254▲ 9.1%€447,631▲ 11.8%€493,011▲ 10.1%€528,250▲ 7.1%€561,746▲ 6.3%€600,393▲ 6.9%
Total assets€337,900-€373,249▲ 10.5%€403,915▲ 8.2%€454,574▲ 12.5%€505,553▲ 11.2%€538,296▲ 6.5%€572,749▲ 6.4%€612,822▲ 7.0%
Debt€1,924-€6,441▲ 235%€3,662▼ 43.1%€6,943▲ 89.6%€12,542▲ 80.6%€10,046▼ 19.9%€11,003▲ 9.5%€12,429▲ 13.0%
Working capital€203,799-€102,508▼ 49.7%€22,673▼ 77.9%€44,271▲ 95.3%€106,303▲ 140%€158,581▲ 49.2%€208,358▲ 31.4%€262,122▲ 25.8%
The operating result for 2025 is 6% higher than in 2024. It is the second rise in a row, after the fall in 2023.
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 €612,822
Fixed assets
€339,206 ▼ 4.8%
Current assets
€273,616 ▲ 26.5%
Equity and liabilities €612,822
Equity
€600,393 ▲ 6.9%
Debt
€12,429 ▲ 13.0%
Debt's share of the balance-sheet total rises from 1.9% to 2.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,852▲
2024 · €62,397
Cash flow
€55,813▲
2024 · €50,897
Current ratio
23.81▼
2024 · 26.99
Debt to equity
0.02▲
2024 · 0.02
ROE
6.4%▲
2024 · 6.0%
ROA
6.3%▲
2024 · 5.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€11,494▲
2024 · €8,018
Income taxes
€18,035▲
2024 · €12,663
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 28-12-2021 | 28-12-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €44,380 | €1,343 | - | €1,120 | - |
| Depreciation and write-downs of the year | €16,001 | €17,494 | €17,155 | €17,401 | €17,166 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €7,274 | €13,062 | €16,001 | €17,494 | €17,155 | €17,401 | €17,166 | ▼ 1.3% |
| Other operating charges640/8 | - | - | - | €11,792 | €11,938 | €13,398 | €13,596 | €14,324 | ▲ 5.4% |
| Gross operating margin9900 | €7,829 | €36,531 | €58,787 | €75,933 | €79,525 | €66,876 | €75,993 | €79,176 | ▲ 4.2% |
| Operating profit (loss)9901 | -€5,163 | €28,848 | €33,894 | €48,140 | €50,093 | €36,323 | €44,996 | €47,686 | ▲ 6.0% |
| Financial income75/76B | - | - | - | €1 | €20 | €2,608 | €1,344 | €9,051 | ▲ 574% |
| Recurring financial income75 | - | €2,121 | - | €1 | €20 | €2,608 | €1,344 | €9,051 | ▲ 574% |
| Financial charges65/66B | - | - | - | €152 | €195 | €168 | €181 | €55 | ▼ 69.7% |
| Recurring financial charges65 | €445 | €138 | €448 | €152 | €195 | €168 | €181 | €55 | ▼ 69.7% |
| Profit (loss) for the period before taxes9903 | -€5,608 | €30,832 | €33,446 | €47,988 | €49,918 | €38,763 | €46,159 | €56,682 | ▲ 22.8% |
| Income taxes67/77 | - | - | - | €611 | €4,538 | €3,524 | €12,663 | €18,035 | ▲ 42.4% |
| Profit (loss) for the period9904 | -€5,608 | €30,832 | €33,446 | €47,377 | €45,380 | €35,239 | €33,496 | €38,647 | ▲ 15.4% |
| Profit (loss) for the period to be appropriated9905 | -€5,608 | €30,832 | €33,446 | €47,377 | €45,380 | €35,239 | €33,496 | €38,647 | ▲ 15.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €337,900 | €373,249 | €403,915 | €454,574 | €505,553 | €538,296 | €572,749 | €612,822 | ▲ 7.0% |
| Fixed assets21/28 | €132,177 | €264,300 | €377,581 | €405,960 | €389,808 | €372,654 | €356,373 | €339,206 | ▼ 4.8% |
| Tangible fixed assets22/27 | €131,879 | €264,002 | €377,283 | €405,662 | €389,510 | €372,356 | €356,075 | €338,909 | ▼ 4.8% |
| Land and buildings22 | - | - | - | €404,975 | €388,355 | €371,735 | €355,115 | €338,495 | ▼ 4.7% |
| Furniture and vehicles24 | - | - | - | €687 | €1,155 | €621 | €960 | €413 | ▼ 56.9% |
| Financial fixed assets28 | €298 | €298 | €298 | €298 | €298 | €298 | €298 | €298 | = |
| Current assets29/58 | €205,722 | €108,949 | €26,335 | €48,614 | €115,745 | €165,642 | €216,377 | €273,616 | ▲ 26.5% |
| Amounts receivable within one year40/41 | €608 | €3,481 | €4,382 | €868 | €3,289 | €2,872 | €1,886 | €2,656 | ▲ 40.9% |
| Trade receivables40 | - | - | - | €868 | €3,289 | €2,872 | €1,886 | €2,656 | ▲ 40.9% |
| Current investments50/53 | - | - | - | - | - | - | - | €202,062 | - |
| Cash at bank and in hand54/58 | €205,115 | €104,298 | €19,825 | €45,582 | €110,069 | €160,035 | €211,638 | €66,001 | ▼ 68.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,164 | €2,387 | €2,736 | €2,853 | €2,897 | ▲ 1.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €337,900 | €373,249 | €403,915 | €454,574 | €505,553 | €538,296 | €572,749 | €612,822 | ▲ 7.0% |
| Equity10/15 | €335,976 | €366,808 | €400,254 | €447,631 | €493,011 | €528,250 | €561,746 | €600,393 | ▲ 6.9% |
| Contributions10/11 | €438,772 | €438,772 | €438,772 | €438,772 | €438,772 | €438,772 | €438,772 | €438,772 | = |
| Capital10 | - | - | - | €438,772 | €438,772 | - | - | - | - |
| Issued capital100 | - | - | - | €438,772 | €438,772 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €438,772 | €438,772 | €438,772 | = |
| Other1109/19 | - | - | - | - | - | €438,772 | €438,772 | €438,772 | = |
| Reserves13 | €2,747 | €2,747 | €2,747 | €8,859 | €54,239 | €89,479 | €122,975 | €161,622 | ▲ 31.4% |
| Non-distributable reserves130/1 | - | - | - | €443 | €2,712 | - | - | - | - |
| Legal reserve130 | - | - | - | €443 | €137 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2,575 | - | - | - | - |
| Distributable reserves133 | - | - | - | €8,417 | €51,527 | €89,479 | €122,975 | €161,622 | ▲ 31.4% |
| Profit (loss) carried forward14 | -€105,542 | -€74,711 | -€41,265 | - | - | - | - | - | - |
| Amounts payable17/49 | €1,924 | €6,441 | €3,662 | €6,943 | €12,542 | €10,046 | €11,003 | €12,429 | ▲ 13.0% |
| Amounts payable within one year42/48 | €1,924 | €6,441 | €3,662 | €4,343 | €9,442 | €7,061 | €8,018 | €11,494 | ▲ 43.3% |
| Trade debts44 | - | €4,020 | €1,908 | €2,352 | €3,615 | €3,174 | €2,707 | €1,057 | ▼ 61.0% |
| Suppliers440/4 | - | - | - | €2,352 | €3,615 | €3,174 | €2,707 | €1,057 | ▼ 61.0% |
| Taxes, remuneration and social security45 | - | - | - | €611 | €4,538 | €2,742 | €4,260 | €9,580 | ▲ 125% |
| Taxes450/3 | - | - | - | €611 | €4,538 | €2,742 | €4,260 | €9,580 | ▲ 125% |
| Other amounts payable47/48 | - | - | - | €1,379 | €1,289 | €1,145 | €1,051 | €857 | ▼ 18.5% |
| Accrued charges and deferred income492/3 | - | - | - | €2,600 | €3,100 | €2,985 | €2,985 | €935 | ▼ 68.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,608 | €30,832 | €33,446 | €47,377 | €45,380 | €35,239 | €33,496 | €38,647 | ▲ 15.4% |
| + Depreciation and write-downs630 | - | €7,274 | €13,062 | €16,001 | €17,494 | €17,155 | €17,401 | €17,166 | ▼ 1.3% |
| Operating cash flow (approximation) | -€5,608 | €38,106 | €46,508 | €63,378 | €62,874 | €52,394 | €50,897 | €55,813 | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | -€139,396 | -€126,343 | -€44,380 | -€1,343 | €0 | -€1,120 | €0 | - |
| Change in cash | - | -€100,817 | -€84,473 | €25,758 | €64,487 | €49,966 | €51,603 | -€145,637 | - |
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 POELIMMO 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 POELIMMO 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 POELIMMO. 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-05-2026 | 2026-00109448 | |
| 31-12-2024 | micro format | 11-04-2025 | 2025-00068201 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00116062 | |
| 28-12-2022 | micro format | 06-07-2023 | 2023-00225465 | |
| 28-12-2021 | micro format | 14-07-2022 | 2022-20185178 | |
| 28-12-2020 | micro format | 02-07-2021 | 2021-30500537 | |
| 28-12-2019 | micro format | 31-07-2020 | 2020-37500347 | |
| 28-12-2018 | micro format | 27-06-2019 | 2019-25300426 | |
| 28-12-2017 | micro format | 27-06-2019 | 2019-25300424 | |
| 28-12-2016 | abbreviated format | 31-08-2017 | 2017-56800524 |