SUDIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-05-2026 PDF all 5 filings
Turnover
≈ €430,000
Estimated: probably between €360,000 and €670,000
Total assets
€512,045▲ 17.5%
2024 · €435,862
Net result
€162,864▲ 81.3%
2024 · €89,832
Working capital
€257,325▲ 53.2%
2024 · €167,994
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€213,796
▲ 82.0%
2025
20212025
Net result
€162,864
▲ 81.3%
2025
highest quarter of the sector
20212025
Equity
€447,107
▲ 26.0%
2025
highest quarter of the sector
20212025
Total assets
€512,045
▲ 17.5%
2025
middle half of the sector
20212025
Debt
€64,938
▼ 19.9%
2025
20212025
Working capital
€257,325
▲ 53.2%
2025
highest quarter of the sector
20212025
Solvency
87.3%
▲ 5.9pp
2025
highest quarter of the sector
20212025
Current ratio
8.19
▲ 2.71
2025
highest quarter of the sector
20212025
Return on assets (ROA)
31.8%
▲ 11.2pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€119,174-€197,547▲ 65.8%€32,522▼ 83.5%€117,442▲ 261%€213,796▲ 82.0%
Net result€88,204above the sector's middle half-€151,072above the sector's middle half▲ 71.3%€23,223within the sector's middle half▼ 84.6%€89,832above the sector's middle half▲ 287%€162,864above the sector's middle half▲ 81.3%
Equity€90,704within the sector's middle half-€241,776within the sector's middle half▲ 167%€264,999within the sector's middle half▲ 9.6%€354,831above the sector's middle half▲ 33.9%€447,107above the sector's middle half▲ 26.0%
Total assets€238,908within the sector's middle half-€352,249within the sector's middle half▲ 47.4%€351,035within the sector's middle half▼ 0.3%€435,862within the sector's middle half▲ 24.2%€512,045within the sector's middle half▲ 17.5%
Debt€148,204-€110,473▼ 25.5%€86,036▼ 22.1%€81,031▼ 5.8%€64,938▼ 19.9%
Working capital€45,745within the sector's middle half-€184,632above the sector's middle half▲ 304%€95,948within the sector's middle half▼ 48.0%€167,994above the sector's middle half▲ 75.1%€257,325above the sector's middle half▲ 53.2%
Solvency38.0%within the sector's middle half-68.6%above the sector's middle half▲ 30.7pp75.5%above the sector's middle half▲ 6.9pp81.4%above the sector's middle half▲ 5.9pp87.3%above the sector's middle half▲ 5.9pp
Current ratio1.74within the sector's middle half-5.85above the sector's middle half▲ 4.114.46above the sector's middle half▼ 1.395.48above the sector's middle half▲ 1.028.19above the sector's middle half▲ 2.71
Return on assets (ROA)36.9%above the sector's middle half-42.9%above the sector's middle half▲ 6.0pp6.6%within the sector's middle half▼ 36.3pp20.6%above the sector's middle half▲ 14.0pp31.8%above the sector's middle half▲ 11.2pp
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 82% higher than in 2024 and the highest since 2021. 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 €511,916
Fixed assets
€218,788 ▼ 4.9%
Current assets
€293,128 ▲ 42.6%
Equity and liabilities €512,045
Equity
€447,107 ▲ 26.0%
Debt
€64,938 ▼ 19.9%
Debt's share of the balance-sheet total falls from 18.6% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€242,202▲
2024 · €147,008
Cash flow
€191,270▲
2024 · €119,398
Debt to equity
0.15▼
2024 · 0.23
ROE
36.4%▲
2024 · 25.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€35,803▼
2024 · €37,499
Debt > 1 year
€29,135▼
2024 · €43,532
Income taxes
€50,436▲
2024 · €26,405
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,470 | €19,239 | €127,481 | €81,676 | €17,578 |
| Intangible fixed assets | €100,000 | - | - | - | - |
| Financial fixed assets | €44 | - | - | - | - |
| Depreciation and write-downs of the year | €9,848 | €20,715 | €26,243 | €29,566 | €28,406 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,848 | €20,715 | €26,243 | €29,566 | €28,406 | ▼ 3.9% |
| Other operating charges640/8 | €311 | €1,751 | €1,680 | €2,856 | €3,059 | ▲ 7.1% |
| Non-recurring operating charges66A | - | €73 | €3,419 | €1,888 | €625 | ▼ 66.9% |
| Gross operating margin9900 | €129,333 | €220,086 | €63,864 | €151,752 | €245,886 | ▲ 62.0% |
| Operating profit (loss)9901 | €119,174 | €197,547 | €32,522 | €117,442 | €213,796 | ▲ 82.0% |
| Financial income75/76B | - | - | - | - | €529 | - |
| Recurring financial income75 | - | - | - | - | €529 | - |
| Financial charges65/66B | €382 | €1,384 | €1,220 | €1,205 | €1,025 | ▼ 14.9% |
| Recurring financial charges65 | €382 | €1,384 | €1,220 | €1,205 | €1,025 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | €118,792 | €196,163 | €31,302 | €116,237 | €213,300 | ▲ 83.5% |
| Income taxes67/77 | €30,588 | €45,091 | €8,079 | €26,405 | €50,436 | ▲ 91.0% |
| Profit (loss) for the period9904 | €88,204 | €151,072 | €23,223 | €89,832 | €162,864 | ▲ 81.3% |
| Profit (loss) for the period to be appropriated9905 | €88,204 | €151,072 | €23,223 | €89,832 | €162,864 | ▲ 81.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €238,908 | €352,249 | €351,035 | €435,862 | €512,045 | ▲ 17.5% |
| Formation expenses20 | €1,203 | €935 | €666 | €397 | €129 | ▼ 67.5% |
| Fixed assets21/28 | €129,805 | €128,597 | €226,686 | €229,972 | €218,788 | ▼ 4.9% |
| Intangible fixed assets21 | €94,959 | €84,959 | €74,959 | €64,959 | €54,959 | ▼ 15.4% |
| Tangible fixed assets22/27 | €34,802 | €43,594 | €151,683 | €164,969 | €163,785 | ▼ 0.7% |
| Land and buildings22 | - | €16,666 | €134,561 | €155,974 | €159,330 | ▲ 2.2% |
| Furniture and vehicles24 | €34,802 | €26,928 | €17,122 | €8,995 | €4,455 | ▼ 50.5% |
| Financial fixed assets28 | €44 | €44 | €44 | €44 | €44 | = |
| Current assets29/58 | €107,900 | €222,717 | €123,683 | €205,493 | €293,128 | ▲ 42.6% |
| Amounts receivable within one year40/41 | €43,937 | €21,858 | €39,974 | €43,061 | €14,910 | ▼ 65.4% |
| Trade receivables40 | €43,927 | €21,718 | €17,516 | €17,462 | €10,133 | ▼ 42.0% |
| Other amounts receivable41 | €10 | €140 | €22,458 | €25,599 | €4,777 | ▼ 81.3% |
| Cash at bank and in hand54/58 | €62,205 | €199,027 | €81,447 | €159,927 | €275,614 | ▲ 72.3% |
| Deferred charges and accrued income490/1 | €1,758 | €1,832 | €2,262 | €2,505 | €2,604 | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €238,908 | €352,249 | €351,035 | €435,862 | €512,045 | ▲ 17.5% |
| Equity10/15 | €90,704 | €241,776 | €264,999 | €354,831 | €447,107 | ▲ 26.0% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €88,204 | €239,276 | €262,499 | €352,331 | €444,607 | ▲ 26.2% |
| Amounts payable17/49 | €148,204 | €110,473 | €86,036 | €81,031 | €64,938 | ▼ 19.9% |
| Amounts payable after more than one year17 | €86,049 | €71,988 | €57,816 | €43,532 | €29,135 | ▼ 33.1% |
| Financial debts170/4 | €86,049 | €71,988 | €57,816 | €43,532 | €29,135 | ▼ 33.1% |
| Amounts payable within one year42/48 | €62,155 | €38,085 | €27,735 | €37,499 | €35,803 | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | €13,951 | €14,061 | €14,172 | €14,284 | €14,397 | ▲ 0.8% |
| Trade debts44 | €4,051 | €2,260 | €6,260 | €4,552 | €6,893 | ▲ 51.4% |
| Suppliers440/4 | €4,051 | €2,260 | €6,260 | €4,552 | €6,893 | ▲ 51.4% |
| Advances received on contracts in progress46 | - | - | - | €800 | - | - |
| Taxes, remuneration and social security45 | €39,606 | €17,129 | €2,675 | €13,426 | €9,975 | ▼ 25.7% |
| Taxes450/3 | €39,606 | €17,129 | €2,675 | €13,426 | €9,975 | ▼ 25.7% |
| Other amounts payable47/48 | €4,547 | €4,635 | €4,628 | €4,437 | €4,538 | ▲ 2.3% |
| Accrued charges and deferred income492/3 | - | €400 | €485 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,204 | €151,072 | €23,223 | €89,832 | €162,864 | ▲ 81.3% |
| + Depreciation and write-downs630 | €9,848 | €20,715 | €26,243 | €29,566 | €28,406 | ▼ 3.9% |
| Operating cash flow (approximation) | €98,052 | €171,787 | €49,466 | €119,398 | €191,270 | ▲ 60.2% |
| Investment in fixed assets (approximation) | - | -€19,507 | -€124,332 | -€32,852 | -€17,222 | ▲ 47.6% |
| Change in cash | - | €136,822 | -€117,580 | €78,480 | €115,687 | ▲ 47.4% |
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, 6,782 companies had the same profile as SUDIMMO has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
2.7%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of SUDIMMO 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 6,782 companies, not a prediction for SUDIMMO. 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 |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-05-2026 | 2026-00133086 | |
| 31-12-2024 | micro format | 17-04-2025 | 2025-00072759 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00225888 | |
| 31-12-2022 | micro format | 16-05-2023 | 2023-00091345 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20250812 |