REDIMMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 12 filings
Turnover
≈ €170,000
Estimated: probably between €100,000 and €320,000
EBIT margin
Not included in this filing
Net result
€5,625▼ 38.8%
2024 · €9,188
Working capital
-€52,018▼ 24.0%
2024 · -€41,953
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€19,616
▼ 17.9%
2025
20182025
Net result
€5,625
▼ 38.8%
2025
20182025
Equity
€28,269
▲ 24.8%
2025
20182025
Total assets
€648,927
▼ 3.6%
2025
20182025
Debt
€620,659
▼ 4.6%
2025
20182025
Working capital
-€52,018
▼ 24.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€26,543-€29,975▲ 12.9%€38,560▲ 28.6%€21,176▼ 45.1%€27,355▲ 29.2%€17,361▼ 36.5%€23,906▲ 37.7%€19,616▼ 17.9%
Net result€2,527-€341▼ 86.5%€22,881▲ 67×€9,842▼ 57.0%€9,774▼ 0.7%€2,839▼ 71.0%€9,188▲ 224%€5,625▼ 38.8%
Equity€78,385-€78,727▲ 0.4%€75,186▼ 4.5%€76,029▲ 1.1%€10,616▼ 86.0%€13,455▲ 26.7%€22,643▲ 68.3%€28,269▲ 24.8%
Total assets€918,833-€962,278▲ 4.7%€811,150▼ 15.7%€765,979▼ 5.6%€683,186▼ 10.8%€679,672▼ 0.5%€673,484▼ 0.9%€648,927▼ 3.6%
Debt€840,448-€883,551▲ 5.1%€735,963▼ 16.7%€689,950▼ 6.3%€672,571▼ 2.5%€666,217▼ 0.9%€650,841▼ 2.3%€620,659▼ 4.6%
Working capital-€24,703-€54,518€60,418▲ 10.8%€48,155▼ 20.3%-€30,622-€33,605▼ 9.7%-€41,953▼ 24.8%-€52,018▼ 24.0%
The operating result for 2025 is 18% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €648,927
Fixed assets
€566,734 ▼ 4.7%
Current assets
€82,193 ▲ 4.1%
Equity and liabilities €648,927
Equity
€28,269 ▲ 24.8%
Debt
€620,659 ▼ 4.6%
Debt's share of the balance-sheet total falls from 96.6% to 95.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,345▼
2024 · €54,446
Cash flow
€36,355▼
2024 · €39,728
Current ratio
0.61▼
2024 · 0.65
Debt to equity
21.96▼
2024 · 28.74
ROE
19.9%▼
2024 · 40.6%
ROA
0.9%▼
2024 · 1.4%
Interest coverage
3.14▼
2024 · 3.31
Debt ≤ 1 year
€134,211▲
2024 · €120,881
Debt > 1 year
€483,201▼
2024 · €527,517
Income taxes
€2,241▼
2024 · €2,350
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €945,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €648,380 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,163 | €11,567 | €15,746 | €4,233 | €2,908 |
| Depreciation and write-downs of the year | €25,842 | €26,265 | €29,531 | €30,540 | €30,729 |
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 | - | - | - | €300 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,740 | €46,202 | €33,255 | €25,842 | €26,265 | €29,531 | €30,540 | €30,729 | ▲ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €15,625 | - | €1,065 | - |
| Other operating charges640/8 | - | - | - | €7,991 | €8,493 | €8,118 | €7,861 | €8,128 | ▲ 3.4% |
| Non-recurring operating charges66A | - | - | - | €50 | - | - | - | - | - |
| Gross operating margin9900 | €95,664 | €85,731 | €81,546 | €55,059 | €62,113 | €70,635 | €62,307 | €59,537 | ▼ 4.4% |
| Operating profit (loss)9901 | €26,543 | €29,975 | €38,560 | €21,176 | €27,355 | €17,361 | €23,906 | €19,616 | ▼ 17.9% |
| Financial income75/76B | - | - | - | €5,422 | €2,271 | €2,455 | €4,092 | €4,290 | ▲ 4.8% |
| Recurring financial income75 | €2,166 | €5,874 | €10,231 | €5,422 | €2,271 | €2,455 | €4,092 | €4,290 | ▲ 4.8% |
| Financial charges65/66B | - | - | - | €16,182 | €16,699 | €16,767 | €16,460 | €16,039 | ▼ 2.6% |
| Recurring financial charges65 | €24,072 | €34,887 | €24,765 | €16,182 | €16,699 | €16,767 | €16,460 | €16,039 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €4,637 | €962 | €24,026 | €10,416 | €12,927 | €3,049 | €11,538 | €7,866 | ▼ 31.8% |
| Income taxes67/77 | €2,110 | €621 | €1,146 | €574 | €3,153 | €210 | €2,350 | €2,241 | ▼ 4.6% |
| Profit (loss) for the period9904 | €2,527 | €341 | €22,881 | €9,842 | €9,774 | €2,839 | €9,188 | €5,625 | ▼ 38.8% |
| Profit (loss) for the period to be appropriated9905 | €2,527 | €341 | €22,881 | €9,842 | €9,774 | €2,839 | €9,188 | €5,625 | ▼ 38.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €918,833 | €962,278 | €811,150 | €765,979 | €683,186 | €679,672 | €673,484 | €648,927 | ▼ 3.6% |
| Fixed assets21/28 | €879,185 | €835,059 | €673,925 | €649,246 | €634,648 | €620,863 | €594,556 | €566,734 | ▼ 4.7% |
| Tangible fixed assets22/27 | €879,185 | €835,059 | €673,925 | €649,246 | €634,648 | €620,863 | €594,556 | €566,734 | ▼ 4.7% |
| Land and buildings22 | - | - | - | €648,380 | €634,152 | €620,738 | €594,556 | €566,175 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €424 | €275 | €125 | - | - | - |
| Furniture and vehicles24 | - | - | - | €442 | €221 | - | - | €559 | - |
| Current assets29/58 | €39,648 | €127,219 | €137,225 | €116,733 | €48,539 | €58,809 | €78,928 | €82,193 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €37,947 | €125,448 | €135,764 | €111,646 | €45,688 | €57,136 | €77,579 | €78,125 | ▲ 0.7% |
| Trade receivables40 | - | - | - | €13,166 | €13,074 | €3,642 | €1,434 | €1,947 | ▲ 35.7% |
| Other amounts receivable41 | - | - | - | €98,480 | €32,615 | €53,495 | €76,145 | €76,179 | = |
| Cash at bank and in hand54/58 | - | - | - | €3,738 | €1,171 | €3 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,349 | €1,679 | €1,670 | €1,350 | €4,068 | ▲ 201% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €918,833 | €962,278 | €811,150 | €765,979 | €683,186 | €679,672 | €673,484 | €648,927 | ▼ 3.6% |
| Equity10/15 | €78,385 | €78,727 | €75,186 | €76,029 | €10,616 | €13,455 | €22,643 | €28,269 | ▲ 24.8% |
| Contributions10/11 | €75,000 | €75,000 | - | €75,000 | - | - | - | - | - |
| Reserves13 | €169 | €186 | €186 | €186 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €186 | - | - | - | - | - |
| Profit (loss) carried forward14 | €3,216 | €3,540 | - | €842 | €10,616 | €13,455 | €22,643 | €28,269 | ▲ 24.8% |
| Amounts payable17/49 | €840,448 | €883,551 | €735,963 | €689,950 | €672,571 | €666,217 | €650,841 | €620,659 | ▼ 4.6% |
| Amounts payable after more than one year17 | €774,900 | €806,784 | €656,454 | €619,110 | €590,413 | €570,716 | €527,517 | €483,201 | ▼ 8.4% |
| Financial debts170/4 | - | - | - | €619,110 | €590,413 | €570,716 | €527,517 | €483,201 | ▼ 8.4% |
| Amounts payable within one year42/48 | €64,352 | €72,701 | €76,807 | €68,578 | €79,161 | €92,414 | €120,881 | €134,211 | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €37,344 | €41,054 | €42,112 | €43,199 | €44,316 | ▲ 2.6% |
| Financial debts43 | - | - | - | €3,321 | €2,573 | €4,275 | €4,560 | €8,549 | ▲ 87.5% |
| Credit institutions430/8 | - | - | - | €3,321 | €2,573 | €4,275 | €4,560 | €8,549 | ▲ 87.5% |
| Trade debts44 | €5,262 | €15,680 | €2,670 | €10,549 | €7,378 | €11,086 | €3,431 | €7,829 | ▲ 128% |
| Suppliers440/4 | - | - | - | €10,549 | €7,378 | €11,086 | €3,431 | €7,829 | ▲ 128% |
| Taxes, remuneration and social security45 | - | - | - | €3,964 | €3,728 | €3,363 | €3,150 | €4,757 | ▲ 51.0% |
| Taxes450/3 | - | - | - | €3,964 | €3,728 | €3,363 | €3,150 | €4,757 | ▲ 51.0% |
| Other amounts payable47/48 | - | - | - | €13,400 | €24,428 | €31,578 | €66,542 | €68,759 | ▲ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | €2,263 | €2,997 | €3,086 | €2,443 | €3,247 | ▲ 32.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,527 | €341 | €22,881 | €9,842 | €9,774 | €2,839 | €9,188 | €5,625 | ▼ 38.8% |
| + Depreciation and write-downs630 | €59,740 | €46,202 | €33,255 | €25,842 | €26,265 | €29,531 | €30,540 | €30,729 | ▲ 0.6% |
| Operating cash flow (approximation) | €62,267 | €46,544 | €56,136 | €35,684 | €36,039 | €32,370 | €39,728 | €36,355 | ▼ 8.5% |
| Investment in fixed assets (approximation) | - | -€2,076 | €127,878 | -€1,163 | -€11,667 | -€15,746 | -€4,233 | -€2,908 | ▲ 31.3% |
| Change in cash | - | - | - | - | -€2,566 | -€1,169 | - | - | - |
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, 1,448 companies had the same profile as REDIMMO has now. Two years later, 95.6% were still going and 2.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
95.6%
was still going
2.1%
stopped otherwise
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REDIMMO itself: 0.6% 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 1,448 companies, not a prediction for REDIMMO. 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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-06-2026 | 2026-00159160 | |
| 31-12-2024 | full format | 12-06-2025 | 2025-00133355 | |
| 31-12-2023 | full format | 10-06-2024 | 2024-00125407 | |
| 31-12-2022 | full format | 05-06-2023 | 2023-00111972 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20181360 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-28600073 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-37500384 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-29100488 | |
| 31-12-2017 | micro format | 21-07-2018 | 2018-36700539 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-26100291 |