Viemo
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494134.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 7 filings
Turnover
≈ €120,000
Estimated: probably between €89,000 and €150,000
Total assets
€80,506▲ 58.7%
2024 · €50,726
Net result
€39,086▲ 58.8%
2024 · €24,620
Working capital
€58,131▲ 62.0%
2024 · €35,878
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€50,744
▲ 63.6%
2025
20192025
Net result
€39,086
▲ 58.8%
2025
middle half of the sector
20192025
Equity
€59,546
▲ 35.1%
2025
middle half of the sector
20192025
Total assets
€80,506
▲ 58.7%
2025
middle half of the sector
20192025
Debt
€20,960
▲ 215%
2025
20192025
Working capital
€58,131
▲ 62.0%
2025
middle half of the sector
20192025
Solvency
74.0%
▼ 12.9pp
2025
middle half of the sector
20192025
Current ratio
3.81
▼ 2.59
2025
middle half of the sector
20192025
Return on assets (ROA)
48.6%
=
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€44,207-€14,714▼ 66.7%€38,240▲ 160%€34,356▼ 10.2%€46,905▲ 36.5%€31,021▼ 33.9%€50,744▲ 63.6%
Net result€33,704-€10,326within the sector's middle half▼ 69.4%€29,311within the sector's middle half▲ 184%€25,610within the sector's middle half▼ 12.6%€36,904within the sector's middle half▲ 44.1%€24,620within the sector's middle half▼ 33.3%€39,086within the sector's middle half▲ 58.8%
Equity€39,904-€50,229within the sector's middle half▲ 25.9%€79,541within the sector's middle half▲ 58.4%€41,070within the sector's middle half▼ 48.4%€77,974within the sector's middle half▲ 89.9%€44,080within the sector's middle half▼ 43.5%€59,546within the sector's middle half▲ 35.1%
Total assets€52,046-€98,166within the sector's middle half▲ 88.6%€117,510within the sector's middle half▲ 19.7%€75,872below the sector's middle half▼ 35.4%€103,835within the sector's middle half▲ 36.9%€50,726below the sector's middle half▼ 51.1%€80,506within the sector's middle half▲ 58.7%
Debt€12,142-€47,937▲ 295%€37,969▼ 20.8%€34,802▼ 8.3%€25,862▼ 25.7%€6,646▼ 74.3%€20,960▲ 215%
Working capital€36,286-€33,743within the sector's middle half▼ 7.0%€61,986within the sector's middle half▲ 83.7%€23,856within the sector's middle half▼ 61.5%€62,370within the sector's middle half▲ 161%€35,878within the sector's middle half▼ 42.5%€58,131within the sector's middle half▲ 62.0%
Solvency76.7%-51.2%within the sector's middle half▼ 25.5pp67.7%within the sector's middle half▲ 16.5pp54.1%within the sector's middle half▼ 13.6pp75.1%within the sector's middle half▲ 21.0pp86.9%above the sector's middle half▲ 11.8pp74.0%within the sector's middle half▼ 12.9pp
Current ratio3.99-2.50within the sector's middle half▼ 1.493.90within the sector's middle half▲ 1.391.88within the sector's middle half▼ 2.023.41within the sector's middle half▲ 1.546.40above the sector's middle half▲ 2.993.81within the sector's middle half▼ 2.59
Return on assets (ROA)64.8%-10.5%within the sector's middle half▼ 54.2pp24.9%within the sector's middle half▲ 14.4pp33.8%above the sector's middle half▲ 8.8pp35.5%above the sector's middle half▲ 1.8pp48.5%above the sector's middle half▲ 13.0pp48.6%above the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 64% higher than in 2024 and the highest since 2021. It is a recovery after the fall 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 €80,506
Fixed assets
€1,682 ▼ 79.5%
Current assets
€78,823 ▲ 85.4%
Equity and liabilities €80,506
Equity
€59,546 ▲ 35.1%
Debt
€20,960 ▲ 215%
Debt's share of the balance-sheet total rises from 13.1% to 26.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,264▲
2024 · €39,359
Cash flow
€45,605▲
2024 · €32,957
Debt to equity
0.35▲
2024 · 0.15
ROE
65.6%▲
2024 · 55.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€20,692▲
2024 · €6,646
Income taxes
€11,351▲
2024 · €7,545
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 | €1,494 | - | - | €906 | - |
| Financial fixed assets | - | - | - | €420 | €0 |
| Depreciation and write-downs of the year | €9,342 | €9,345 | €9,182 | €8,338 | €6,519 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €846 awarded · €846 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €486 | €486 |
| 2023 | 1 | €360 | €360 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €641 | €2,776 | €9,342 | €9,345 | €9,182 | €8,338 | €6,519 | ▼ 21.8% |
| Other operating charges640/8 | - | - | €346 | €665 | €563 | €592 | €419 | ▼ 29.3% |
| Gross operating margin9900 | €44,907 | €18,363 | €47,928 | €44,367 | €56,650 | €39,951 | €57,682 | ▲ 44.4% |
| Operating profit (loss)9901 | €44,207 | €14,714 | €38,240 | €34,356 | €46,905 | €31,021 | €50,744 | ▲ 63.6% |
| Financial income75/76B | - | - | €125 | €207 | €1,081 | €1,218 | €0 | ▼ 100% |
| Recurring financial income75 | €107 | €197 | €125 | €207 | €1,081 | €1,218 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €412 | €309 | €257 | €74 | €307 | ▲ 314% |
| Recurring financial charges65 | €881 | €702 | €412 | €309 | €257 | €74 | €307 | ▲ 314% |
| Profit (loss) for the period before taxes9903 | €43,434 | €14,210 | €37,953 | €34,254 | €47,730 | €32,165 | €50,437 | ▲ 56.8% |
| Income taxes67/77 | €9,730 | €3,885 | €8,641 | €8,644 | €10,826 | €7,545 | €11,351 | ▲ 50.4% |
| Profit (loss) for the period9904 | €33,704 | €10,326 | €29,311 | €25,610 | €36,904 | €24,620 | €39,086 | ▲ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €33,704 | €10,326 | €29,311 | €25,610 | €36,904 | €24,620 | €39,086 | ▲ 58.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €52,046 | €98,166 | €117,510 | €75,872 | €103,835 | €50,726 | €80,506 | ▲ 58.7% |
| Fixed assets21/28 | €3,618 | €41,979 | €34,131 | €24,786 | €15,604 | €8,202 | €1,682 | ▼ 79.5% |
| Tangible fixed assets22/27 | €3,228 | €41,589 | €33,741 | €24,396 | €15,214 | €7,782 | €1,262 | ▼ 83.8% |
| Furniture and vehicles24 | - | - | €33,741 | €24,396 | €15,214 | €7,782 | €1,262 | ▼ 83.8% |
| Financial fixed assets28 | €390 | €390 | €390 | €390 | €390 | €420 | €420 | = |
| Current assets29/58 | €48,428 | €56,186 | €83,379 | €51,086 | €88,232 | €42,524 | €78,823 | ▲ 85.4% |
| Amounts receivable within one year40/41 | €22,632 | €4,367 | €10,355 | €13,925 | €49,196 | €16,089 | €11,193 | ▼ 30.4% |
| Trade receivables40 | - | - | €7,981 | €10,285 | €11,924 | €13,068 | €11,193 | ▼ 14.4% |
| Other amounts receivable41 | - | - | €2,374 | €3,640 | €37,272 | €3,021 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €25,424 | €50,688 | €71,418 | €36,062 | €37,939 | €25,272 | €65,916 | ▲ 161% |
| Deferred charges and accrued income490/1 | - | - | €1,606 | €1,099 | €1,096 | €1,163 | €1,715 | ▲ 47.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €52,046 | €98,166 | €117,510 | €75,872 | €103,835 | €50,726 | €80,506 | ▲ 58.7% |
| Equity10/15 | €39,904 | €50,229 | €79,541 | €41,070 | €77,974 | €44,080 | €59,546 | ▲ 35.1% |
| Contributions10/11 | €6,200 | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €31,844 | €42,169 | €71,481 | €20,610 | €57,514 | €23,620 | €39,086 | ▲ 65.5% |
| Amounts payable17/49 | €12,142 | €47,937 | €37,969 | €34,802 | €25,862 | €6,646 | €20,960 | ▲ 215% |
| Amounts payable after more than one year17 | - | €25,493 | €16,577 | €7,572 | €0 | - | - | - |
| Financial debts170/4 | - | - | €16,577 | €7,572 | €0 | - | - | - |
| Amounts payable within one year42/48 | €12,142 | €22,444 | €21,392 | €27,230 | €25,862 | €6,646 | €20,692 | ▲ 211% |
| Current portion of amounts payable after more than one year42 | - | - | €8,916 | €9,005 | €7,572 | €0 | - | - |
| Trade debts44 | €621 | €9,731 | €659 | €122 | €354 | €96 | €2,342 | ▲ 24× |
| Suppliers440/4 | - | - | €659 | €122 | €354 | €96 | €2,342 | ▲ 24× |
| Taxes, remuneration and social security45 | - | - | €11,817 | €13,104 | €17,936 | €5,550 | €6,515 | ▲ 17.4% |
| Taxes450/3 | - | - | €11,817 | €13,104 | €17,936 | €5,550 | €6,515 | ▲ 17.4% |
| Other amounts payable47/48 | - | - | - | €5,000 | €0 | €1,000 | €11,835 | ▲ 12× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €268 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,704 | €10,326 | €29,311 | €25,610 | €36,904 | €24,620 | €39,086 | ▲ 58.8% |
| + Depreciation and write-downs630 | €641 | €2,776 | €9,342 | €9,345 | €9,182 | €8,338 | €6,519 | ▼ 21.8% |
| Operating cash flow (approximation) | €34,344 | €13,101 | €38,654 | €34,955 | €46,086 | €32,957 | €45,605 | ▲ 38.4% |
| Investment in fixed assets (approximation) | - | -€41,137 | -€1,494 | €0 | €0 | -€936 | €0 | - |
| Change in cash | - | €25,264 | €20,730 | -€35,356 | €1,877 | -€12,668 | €40,644 | - |
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, 26,972 companies had the same profile as Viemo has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Viemo itself is lower: < 0.1% within 12 months. It rests on far more data about Viemo than the profile alone.
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 26,972 companies, not a prediction for Viemo. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00494134 | |
| 31-12-2024 | micro format | 15-09-2025 | 2025-00494122 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00437217 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00298008 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20411969 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35600019 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-24900062 |