PROFIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 42 filings
Turnover
≈ €66,000
Estimated: probably between €57,000 and €85,000
Total assets
€312,700▼ 4.3%
2024 · €326,846
Net result
-€4,136▲ 53.7%
2024 · -€8,935
Working capital
€107,394▲ 14.8%
2024 · €93,577
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€4,629
▲ 48.4%
2025
20182025
Net result
-€4,136
▲ 53.7%
2025
middle half of the sector
20182025
Equity
€292,671
▼ 5.9%
2025
highest quarter of the sector
20182025
Total assets
€312,700
▼ 4.3%
2025
middle half of the sector
20182025
Debt
€20,030
▲ 26.9%
2025
20182025
Working capital
€107,394
▲ 14.8%
2025
highest quarter of the sector
20182025
Solvency
93.6%
▼ 1.6pp
2025
highest quarter of the sector
20182025
Current ratio
7.24
▼ 2.63
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-1.3%
▲ 1.4pp
2025
middle half of the sector
20182025
Staff (FTE)
1
=
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,777--€9,391€690€28,350▲ 41×€9,398▼ 66.8%€4,841▼ 48.5%-€8,964-€4,629▲ 48.4%
Net result-€828--€10,754▼ 1,198%-€1,778within the sector's middle half▲ 83.5%€6,367within the sector's middle half€2,714within the sector's middle half▼ 57.4%€647within the sector's middle half▼ 76.2%-€8,935within the sector's middle half-€4,136within the sector's middle half▲ 53.7%
Equity€370,511-€339,758▼ 8.3%€337,980above the sector's middle half▼ 0.5%€328,147above the sector's middle half▼ 2.9%€319,355within the sector's middle half▼ 2.7%€320,002within the sector's middle half▲ 0.2%€311,066within the sector's middle half▼ 2.8%€292,671above the sector's middle half▼ 5.9%
Total assets€616,382-€598,031▼ 3.0%€606,503within the sector's middle half▲ 1.4%€423,736within the sector's middle half▼ 30.1%€396,296within the sector's middle half▼ 6.5%€335,920within the sector's middle half▼ 15.2%€326,846within the sector's middle half▼ 2.7%€312,700within the sector's middle half▼ 4.3%
Debt€241,877-€255,469▲ 5.6%€266,909▲ 4.5%€95,164▼ 64.3%€76,941▼ 19.1%€15,918▼ 79.3%€15,779▼ 0.9%€20,030▲ 26.9%
Working capital-€55,256--€52,150▲ 5.6%-€58,779within the sector's middle half▼ 12.7%€95,674within the sector's middle half€120,126above the sector's middle half▲ 25.6%€76,219within the sector's middle half▼ 36.6%€93,577within the sector's middle half▲ 22.8%€107,394above the sector's middle half▲ 14.8%
Solvency60.1%-56.8%▼ 3.3pp55.7%within the sector's middle half▼ 1.1pp77.4%above the sector's middle half▲ 21.7pp80.6%above the sector's middle half▲ 3.1pp95.3%above the sector's middle half▲ 14.7pp95.2%above the sector's middle half▼ 0.1pp93.6%above the sector's middle half▼ 1.6pp
Current ratio0.63-0.69▲ 0.060.68within the sector's middle half▼ 0.012.05within the sector's middle half▲ 1.372.62within the sector's middle half▲ 0.576.68above the sector's middle half▲ 4.069.86above the sector's middle half▲ 3.187.24above the sector's middle half▼ 2.63
Return on assets (ROA)-0.1%--1.8%▼ 1.7pp-0.3%within the sector's middle half▲ 1.5pp1.5%within the sector's middle half▲ 1.8pp0.7%within the sector's middle half▼ 0.8pp0.2%within the sector's middle half▼ 0.5pp-2.7%below the sector's middle half▼ 2.9pp-1.3%within the sector's middle half▲ 1.4pp
Staff (FTE)11=1=1=
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 loss of €4,629, smaller than the loss of €8,964 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 €312,700
Fixed assets
€188,090 ▼ 15.5%
Current assets
€124,610 ▲ 19.7%
Equity and liabilities €312,700
Equity
€292,671 ▼ 5.9%
Debt
€20,030 ▲ 26.9%
Debt's share of the balance-sheet total rises from 4.8% to 6.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29,993▲
2024 · €26,217
Cash flow
€30,486▲
2024 · €26,246
Debt to equity
0.07▲
2024 · 0.05
ROE
-1.4%▲
2024 · -2.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€17,216▲
2024 · €10,556
Income taxes
€207▲
2024 · €187
Staff costs
€13,441▼
2024 · €13,499
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 |
| part-time | - | 1 | 1 | 1 |
| in full-time equivalents | - | 0.3 | 0.3 | 0.3 |
| Average over the year, in full-time equivalents | 0.3 | 0.3 | 0.3 | 0.3 |
| On a permanent contract | - | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,712 | €3,501 | €70,296 | €11,612 | - |
| Depreciation and write-downs of the year | €40,540 | €38,347 | €26,071 | €35,181 | €34,622 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €28,906 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €11,605 | €11,644 | €12,979 | €13,499 | €13,441 | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,285 | €66,169 | €61,623 | €40,540 | €38,347 | €26,071 | €35,181 | €34,622 | ▼ 1.6% |
| Other operating charges640/8 | - | - | - | €7,775 | €6,654 | €7,019 | €7,607 | €7,754 | ▲ 1.9% |
| Gross operating margin9900 | €72,773 | €75,341 | €80,782 | €88,269 | €66,043 | €50,910 | €47,323 | €51,188 | ▲ 8.2% |
| Operating profit (loss)9901 | €3,777 | -€9,391 | €690 | €28,350 | €9,398 | €4,841 | -€8,964 | -€4,629 | ▲ 48.4% |
| Financial income75/76B | - | - | - | €2 | €62 | €27 | €412 | €910 | ▲ 121% |
| Recurring financial income75 | €1,022 | €163 | €275 | €2 | €62 | €27 | €412 | €910 | ▲ 121% |
| Financial charges65/66B | - | - | - | €17,079 | €3,378 | €1,778 | €195 | €210 | ▲ 7.7% |
| Recurring financial charges65 | €3,412 | €2,716 | €2,200 | €17,079 | €3,378 | €1,778 | €195 | €210 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | €1,388 | -€11,943 | -€1,235 | €11,272 | €6,082 | €3,089 | -€8,748 | -€3,929 | ▲ 55.1% |
| Transfer from deferred taxes780 | - | - | - | €1,190 | €425 | - | - | - | - |
| Income taxes67/77 | €3,420 | - | €1,733 | €6,095 | €3,794 | €2,442 | €187 | €207 | ▲ 10.5% |
| Profit (loss) for the period9904 | -€828 | -€10,754 | -€1,778 | €6,367 | €2,714 | €647 | -€8,935 | -€4,136 | ▲ 53.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,310 | €826 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1,510 | -€8,443 | €532 | €8,677 | €3,540 | €647 | -€8,935 | -€4,136 | ▲ 53.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €616,382 | €598,031 | €606,503 | €423,736 | €396,296 | €335,920 | €326,846 | €312,700 | ▼ 4.3% |
| Fixed assets21/28 | €524,079 | €484,510 | €481,825 | €236,903 | €202,057 | €246,282 | €222,713 | €188,090 | ▼ 15.5% |
| Tangible fixed assets22/27 | €524,079 | €484,510 | €481,825 | €236,903 | €202,057 | €246,282 | €222,713 | €188,090 | ▼ 15.5% |
| Land and buildings22 | - | - | - | €232,139 | €197,809 | €210,893 | €197,400 | €171,688 | ▼ 13.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,211 | €956 | €702 | ▼ 26.6% |
| Furniture and vehicles24 | - | - | - | €4,764 | €4,248 | €34,178 | €24,356 | €15,701 | ▼ 35.5% |
| Current assets29/58 | €92,303 | €113,521 | €124,678 | €186,833 | €194,239 | €89,637 | €104,133 | €124,610 | ▲ 19.7% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €5,170 | €17,324 | €12,394 | ▼ 28.5% |
| Other amounts receivable41 | - | - | - | - | - | €5,170 | €17,324 | €12,394 | ▼ 28.5% |
| Cash at bank and in hand54/58 | €90,597 | €113,521 | €122,842 | €185,083 | €192,323 | €79,954 | €85,583 | €111,503 | ▲ 30.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,749 | €1,915 | €4,513 | €1,227 | €713 | ▼ 41.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €616,382 | €598,031 | €606,503 | €423,736 | €396,296 | €335,920 | €326,846 | €312,700 | ▼ 4.3% |
| Equity10/15 | €370,511 | €339,758 | €337,980 | €328,147 | €319,355 | €320,002 | €311,066 | €292,671 | ▼ 5.9% |
| Contributions10/11 | €152,000 | €152,000 | - | €152,000 | €152,000 | €152,000 | €152,000 | €152,000 | = |
| Revaluation surpluses12 | - | - | - | €8,650 | - | - | - | - | - |
| Reserves13 | €209,862 | €179,108 | €177,330 | €167,497 | €167,355 | €168,002 | €159,066 | €140,671 | ▼ 11.6% |
| Tax-exempt reserves132 | - | - | - | €826 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €166,671 | €167,355 | €168,002 | €159,066 | €140,671 | ▼ 11.6% |
| Provisions and deferred taxes16 | €3,994 | €2,805 | €1,615 | €425 | - | - | - | - | - |
| Deferred taxes168 | - | - | - | €425 | - | - | - | - | - |
| Amounts payable17/49 | €241,877 | €255,469 | €266,909 | €95,164 | €76,941 | €15,918 | €15,779 | €20,030 | ▲ 26.9% |
| Amounts payable after more than one year17 | €94,317 | €88,513 | €82,573 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €147,559 | €165,671 | €183,457 | €91,159 | €74,112 | €13,418 | €10,556 | €17,216 | ▲ 63.1% |
| Financial debts43 | - | - | - | - | - | - | €10 | €138 | ▲ 14× |
| Credit institutions430/8 | - | - | - | - | - | - | €10 | €138 | ▲ 14× |
| Trade debts44 | €4,727 | €3,678 | €25,568 | €8,283 | €8,317 | €10,701 | €8,934 | €11,718 | ▲ 31.2% |
| Suppliers440/4 | - | - | - | €8,283 | €8,317 | €10,701 | €8,934 | €11,718 | ▲ 31.2% |
| Taxes, remuneration and social security45 | - | - | - | €8,397 | €4,218 | €2,717 | €1,613 | €1,820 | ▲ 12.9% |
| Taxes450/3 | - | - | - | €7,132 | €3,144 | €1,913 | €187 | €395 | ▲ 111% |
| Remuneration and social security454/9 | - | - | - | €1,265 | €1,074 | €804 | €1,425 | €1,426 | = |
| Other amounts payable47/48 | - | - | - | €74,479 | €61,577 | - | - | €3,540 | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,005 | €2,829 | €2,500 | €5,223 | €2,814 | ▼ 46.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€828 | -€10,754 | -€1,778 | €6,367 | €2,714 | €647 | -€8,935 | -€4,136 | ▲ 53.7% |
| + Depreciation and write-downs630 | €49,285 | €66,169 | €61,623 | €40,540 | €38,347 | €26,071 | €35,181 | €34,622 | ▼ 1.6% |
| Operating cash flow (approximation) | €48,456 | €55,415 | €59,845 | €46,907 | €41,061 | €26,718 | €26,246 | €30,486 | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | -€26,600 | -€58,938 | €204,382 | -€3,501 | -€70,296 | -€11,612 | €0 | - |
| Change in cash | - | €22,924 | €9,321 | €62,241 | €7,240 | -€112,369 | €5,628 | €25,921 | ▲ 361% |
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, 12,322 companies had the same profile as PROFIMMO has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROFIMMO 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 12,322 companies, not a prediction for PROFIMMO. 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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00155475 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00131451 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00128451 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00257435 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20214464 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-42000048 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34800136 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34600336 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58600280 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-25500479 |