VIMADO
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 The financial year closed on 30 September 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 07-05-2025 PDF all 10 filings
Turnover
≈ €1.5m
Estimated: probably between €1.1m and €2.7m
EBIT margin
Not included in this filing
Net result
€403,171▲ 408%
2023 · €79,355
Working capital
€305,057▼ 28.4%
2023 · €426,034
Multi-year overview
2018 to 2024, 6 financial yearsOperating result
€513,487
▲ 229%
2024
20182024
Net result
€403,171
▲ 408%
2024
highest quarter of the sector
20182024
Equity
€1.1m
▲ 54.5%
2024
middle half of the sector
20182024
Total assets
€5.7m
▲ 2.9%
2024
middle half of the sector
20182024
Debt
€4.6m
▼ 5.0%
2024
20182024
Working capital
€305,057
▼ 28.4%
2024
middle half of the sector
20182024
Solvency
19.9%
▲ 6.7pp
2024
lowest quarter of the sector
20182024
Current ratio
1.57
▼ 0.25
2024
middle half of the sector
20182024
Return on assets (ROA)
7.0%
▲ 5.6pp
2024
middle half of the sector
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820202021202220232024
Operating result-€0.04m-€0.5m--€0.4m€0.8m€0.2m▼ 79.6%€0.5m▲ 229%
Net result-€0.04m-€0.4mabove the sector's middle half--€0.4mbelow the sector's middle half€0.6mabove the sector's middle half€0.08mwithin the sector's middle half▼ 87.5%€0.4mabove the sector's middle half▲ 408%
Equity€0.01m-€0.5mabove the sector's middle half-€0.03mbelow the sector's middle half▼ 94.2%€0.7mwithin the sector's middle half▲ 25×€0.7mwithin the sector's middle half▲ 12.0%€1.1mwithin the sector's middle half▲ 54.5%
Total assets€0.1m-€6.1mabove the sector's middle half-€5.9mwithin the sector's middle half▼ 4.4%€6.1mwithin the sector's middle half▲ 4.8%€5.6mabove the sector's middle half▼ 9.4%€5.7mwithin the sector's middle half▲ 2.9%
Debt€0.1m-€5.7m-€5.8m▲ 2.8%€5.5m▼ 6.1%€4.8m▼ 12.0%€4.6m▼ 5.0%
Working capital-€0.09m-€0.3mabove the sector's middle half--€0.3mbelow the sector's middle half€0.4mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 21.3%€0.3mwithin the sector's middle half▼ 28.4%
Solvency8.5%-7.5%below the sector's middle half-0.5%below the sector's middle half▼ 7.0pp10.7%below the sector's middle half▲ 10.3pp13.3%below the sector's middle half▲ 2.5pp19.9%below the sector's middle half▲ 6.7pp
Current ratio0.27-1.38within the sector's middle half-0.68within the sector's middle half▼ 0.691.38within the sector's middle half▲ 0.691.82within the sector's middle half▲ 0.441.57within the sector's middle half▼ 0.25
Return on assets (ROA)-30.6%-7.3%within the sector's middle half--7.3%below the sector's middle half▼ 14.6pp10.3%within the sector's middle half▲ 17.7pp1.4%within the sector's middle half▼ 8.9pp7.0%within the sector's middle half▲ 5.6pp
Staff (FTE)0.2below the sector's middle half-1.1within the sector's middle half▲ 450%0.5within 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 2024 is 3.3 times that of 2023. It is a recovery after the fall in 2023.
Large changes and their cause
- 2024 Net result +408% on 2023. The accounts now follow the full format, last year the abbreviated format.
- 2023 Net result -87% on 2022. The accounts now follow the abbreviated format, last year the full format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.7m
Fixed assets
€4.9m ▲ 5.8%
Current assets
€836,931 ▼ 11.5%
Equity and liabilities €5.7m
Equity
€1.1m ▲ 54.5%
Debt
€4.6m ▼ 5.0%
Debt's share of the balance-sheet total falls from 86.7% to 80.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€944,801▲
2023 · €539,248
Cash flow
€834,485▲
2023 · €462,741
Quick ratio
0.45▲
2023 · 0.19
Debt to equity
4.02▼
2023 · 6.54
ROE
35.3%▲
2023 · 10.7%
Interest coverage
13.02▲
2023 · 7.09
Debt ≤ 1 year
€531,874▲
2023 · €519,880
Debt > 1 year
€4.1m▼
2023 · €4.3m
Income taxes
€40,569▲
2023 · €7,423
Staff costs
€2,997▼
2023 · €24,883
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2023 |
|---|---|---|
| Employees at the balance-sheet date | 2 | - |
| full-time | 2 | - |
| in full-time equivalents | 2 | - |
| Average over the year, in full-time equivalents | 1.1 | 0.5 |
| Joined | 106 | 38 |
| Left | 105 | 38 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €4.8m | €4.6m | €4.6m | €4.3m |
| Mortgages, amount registered | €4.6m | €4.6m | €4.6m | €4.6m |
| Mortgage mandates | €4.6m | €4.6m | €4.6m | €4.6m |
| Carrying value of the mortgaged assets | €5.2m | €4.9m | €4.6m | €4.9m |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Tangible fixed assets | €445,219 | - | €141,720 | €704,599 |
| Depreciation and write-downs of the year | €283,629 | €294,205 | €383,386 | €431,314 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.002m | - |
| Remuneration, social security and pensions62 | - | - | €0.04m | - | €0.02m | €0.003m | ▼ 88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.1m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.002m | - |
| Other operating charges640/8 | - | - | €211 | €212 | €0.03m | €0.02m | ▼ 49.3% |
| Gross operating margin9900 | -€0.04m | €0.6m | -€0.03m | €1.1m | €0.6m | €1.0m | ▲ 62.0% |
| Operating profit (loss)9901 | -€0.04m | €0.5m | -€0.4m | €0.8m | €0.2m | €0.5m | ▲ 229% |
| Financial income75/76B | - | - | €0.007m | €0.01m | €0.007m | €0.003m | ▼ 59.6% |
| Recurring financial income75 | €21 | €0.007m | €0.007m | €0.01m | €0.007m | €0.003m | ▼ 59.6% |
| Financial charges65/66B | - | - | €0.08m | €0.08m | €0.08m | €0.07m | ▼ 4.6% |
| Recurring financial charges65 | €27 | €0.03m | €0.08m | €0.08m | €0.08m | €0.07m | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | -€0.04m | €0.4m | -€0.4m | €0.7m | €0.09m | €0.4m | ▲ 411% |
| Income taxes67/77 | €93 | €0.001m | €209 | €0.06m | €0.007m | €0.04m | ▲ 447% |
| Profit (loss) for the period9904 | -€0.04m | €0.4m | -€0.4m | €0.6m | €0.08m | €0.4m | ▲ 408% |
| Profit (loss) for the period to be appropriated9905 | -€0.04m | €0.4m | -€0.4m | €0.6m | €0.08m | €0.4m | ▲ 408% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.1m | €6.1m | €5.9m | €6.1m | €5.6m | €5.7m | ▲ 2.9% |
| Fixed assets21/28 | €0.1m | €5.0m | €5.2m | €4.9m | €4.6m | €4.9m | ▲ 5.8% |
| Intangible fixed assets21 | €0.1m | €0.09m | €0.08m | €0.07m | €0.05m | €0.04m | ▼ 19.0% |
| Tangible fixed assets22/27 | €0.005m | €4.9m | €5.1m | €4.8m | €4.6m | €4.9m | ▲ 6.1% |
| Land and buildings22 | - | - | €2.6m | €2.5m | €2.3m | €2.5m | ▲ 6.7% |
| Plant, machinery and equipment23 | - | - | €2.5m | €2.3m | €2.2m | €2.3m | ▲ 3.1% |
| Furniture and vehicles24 | - | - | €209 | €150 | €0.01m | €0.07m | ▲ 376% |
| Current assets29/58 | €0.03m | €1.1m | €0.7m | €1.3m | €0.9m | €0.8m | ▼ 11.5% |
| Stocks and contracts in progress3 | - | €0.8m | €0.7m | €1.1m | €0.8m | €0.6m | ▼ 29.2% |
| Stocks30/36 | - | - | €0.7m | €1.1m | €0.8m | €0.6m | ▼ 29.2% |
| Amounts receivable within one year40/41 | €138 | €0.04m | €0.01m | €0.2m | €0.06m | €0.03m | ▼ 57.8% |
| Trade receivables40 | - | - | €0.003m | €0.1m | €0.06m | €0.004m | ▼ 93.9% |
| Other amounts receivable41 | - | - | €0.007m | €0.09m | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.3m | €0.03m | €0.008m | €0.04m | €0.2m | ▲ 486% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.1m | €6.1m | €5.9m | €6.1m | €5.6m | €5.7m | ▲ 2.9% |
| Equity10/15 | €0.01m | €0.5m | €0.03m | €0.7m | €0.7m | €1.1m | ▲ 54.5% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.03m | €0.4m | €0.03m | €0.7m | €0.7m | €1.1m | ▲ 55.9% |
| Distributable reserves133 | - | - | €0.03m | €0.7m | €0.7m | €1.1m | ▲ 55.9% |
| Profit (loss) carried forward14 | -€0.04m | - | -€0.03m | -€0.03m | - | - | - |
| Amounts payable17/49 | €0.1m | €5.7m | €5.8m | €5.5m | €4.8m | €4.6m | ▼ 5.0% |
| Amounts payable after more than one year17 | - | €4.9m | €4.8m | €4.6m | €4.3m | €4.1m | ▼ 5.9% |
| Financial debts170/4 | - | - | €4.8m | €4.6m | €4.3m | €4.1m | ▼ 5.9% |
| Amounts payable within one year42/48 | €0.1m | €0.8m | €1.0m | €0.9m | €0.5m | €0.5m | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.7% |
| Trade debts44 | €0.1m | €0.1m | €0.3m | €0.08m | €0.09m | €0.2m | ▲ 124% |
| Suppliers440/4 | - | - | €0.3m | €0.08m | €0.09m | €0.2m | ▲ 124% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.07m | €0.02m | €0.04m | ▲ 87.2% |
| Taxes450/3 | - | - | €209 | €0.07m | €0.02m | €0.04m | ▲ 95.3% |
| Remuneration and social security454/9 | - | - | €0.01m | - | €0.001m | - | - |
| Other amounts payable47/48 | - | - | €0.5m | €0.5m | €0.2m | €0.04m | ▼ 71.4% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,749 | €446,115 | -€431,237 | €633,452 | €79,355 | €403,171 | ▲ 408% |
| + Depreciation and write-downs630 | €4,840 | €145,475 | €283,629 | €294,205 | €383,386 | €431,314 | ▲ 12.5% |
| Operating cash flow (approximation) | -€36,909 | €591,590 | -€147,608 | €927,657 | €462,741 | €834,485 | ▲ 80.3% |
| Investment in fixed assets (approximation) | - | - | -€445,219 | €0 | -€141,720 | -€700,231 | ▼ 394% |
| Change in cash | - | - | -€220,737 | -€22,183 | €28,296 | €175,382 | ▲ 520% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | full format | 07-05-2025 | 2025-00090717 | |
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00072885 | |
| 30-09-2022 | full format | 26-04-2023 | 2023-00066587 | |
| 30-09-2021 | full format | 04-05-2022 | 2022-20019518 | |
| 30-09-2020 | micro format | 28-04-2021 | 2021-11800367 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-31300477 | |
| 31-12-2017 | micro format | 10-07-2018 | 2018-31300519 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47400556 | |
| 31-12-2015 | abbreviated format | 24-08-2016 | 2016-46600400 | |
| 31-12-2014 | abbreviated format | 26-08-2015 | 2015-56400063 |