2B2C Projects
Annual accounts 2025
abbreviated format, filed on 03-08-2026, 3 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €170,000 and €620,000.
Balance sheet
balance sheet total €1.6m on 31-12-2025in euro
in euro
Position in the sector
7.1%
Higher than 26% of 11,299 companies in 2025.
1.08
Higher than 47% of 10,851 companies in 2025.
5.2%
Higher than 74% of 11,184 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.6m | 1.8m | 1.8m | 2.0m | 4.1m | 8.7m | 1.1m | |
21/28 |
53,899 | 53,883 | 80,286 | 61,026 | 37,865 | 13,950 | 6,350 | |
22/27 |
51,099 | 51,883 | 77,086 | 52,626 | 28,165 | 2,250 | 3,150 | |
24 |
721 | 1,505 | 1,520 | 2,248 | 2,976 | 2,250 | 3,150 | |
26 |
50,378 | 50,378 | 75,566 | 50,378 | 25,189 | - | - | |
28 |
2,800 | 2,000 | 3,200 | 8,400 | 9,700 | 11,700 | 3,200 | |
29/58 |
1.5m | 1.7m | 1.7m | 1.9m | 4.1m | 8.7m | 1.1m | |
3 |
773,267 | 1.2m | 1.5m | 1.2m | 3.7m | 8.1m | 969,267 | |
30/36 |
773,267 | 1.2m | 1.5m | 1.2m | 1.7m | 8.1m | 969,267 | |
37 |
- | - | - | - | 2.0m | - | - | |
40/41 |
44,138 | 75,543 | - | 34,421 | 42,120 | 144,687 | 142,514 | |
40 |
3,845 | 65,543 | - | 34,421 | 42,120 | 144,687 | - | |
41 |
40,293 | 10,000 | - | - | - | - | 142,514 | |
54/58 |
703,187 | 467,984 | 249,119 | 707,577 | 341,951 | 378,928 | 3,482 | |
490/1 |
- | - | 1,388 | - | - | 10,290 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.6m | 1.8m | 1.8m | 2.0m | 4.1m | 8.7m | 1.1m | |
10/15 |
111,899 | 29,865 | 289,164 | 506,979 | 795,708 | -351,374 | -106,748 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | |
13 |
93,299 | 35,270 | 270,564 | 488,379 | 777,108 | - | - | |
133 |
93,299 | 35,270 | 270,564 | 488,379 | 777,108 | - | - | |
14 |
- | -24,004 | - | - | - | -369,974 | -125,348 | |
17/49 |
1.5m | 1.8m | 1.5m | 1.4m | 3.3m | 9.0m | 1.2m | |
42/48 |
1.4m | 1.7m | 1.5m | 1.4m | 3.2m | 2.0m | 1.2m | |
42 |
- | - | - | 25,042 | 970,434 | 500,000 | - | |
43 |
- | - | - | - | - | - | 3,446 | |
430/8 |
- | - | - | - | - | - | 3,446 | |
44 |
91,382 | 296,656 | 85,587 | 443,430 | 279,984 | 30,046 | 32,807 | |
440/4 |
91,382 | 296,656 | 85,587 | 443,430 | 279,984 | 30,046 | 32,807 | |
46 |
- | - | - | - | - | 1,500 | 13,399 | |
45 |
- | 83,191 | 53,237 | 129,958 | 335,902 | 208,088 | - | |
450/3 |
- | 83,191 | 53,237 | 129,958 | 335,902 | 208,088 | - | |
47/48 |
1.3m | 1.3m | 1.3m | 849,278 | 1.6m | 1.3m | 1.2m | |
492/3 |
50,746 | 52,036 | 28,240 | 340 | 180,010 | 7.0m | - | |
| Income statement | ||||||||
76A |
- | - | - | 4,750 | - | - | - | |
9900 |
126,475 | 18,464 | 211,398 | 433,893 | 1.5m | -135,796 | -74,034 | |
630 |
784 | 717 | 728 | 728 | 308 | 900 | 1,350 | |
631/4 |
- | 14,085 | - | - | - | - | - | |
640/8 |
442 | 343 | 287 | 275 | 550 | 376 | 699 | |
66A |
- | - | - | - | 2,150 | - | - | |
9901 |
125,249 | 3,320 | 210,383 | 432,889 | 1.4m | -137,072 | -76,083 | |
75/76B |
- | 63 | 182 | 1 | 4,639 | 5 | 2 | |
75 |
- | 63 | 182 | 1 | 4,639 | 5 | 2 | |
65/66B |
22,981 | 27,386 | 24,417 | 38,933 | 52,449 | 107,558 | 49,267 | |
65 |
20,126 | 27,386 | 24,417 | 38,933 | 52,449 | 107,558 | 49,267 | |
66B |
2,855 | - | - | - | - | - | - | |
9903 |
102,269 | -24,004 | 186,149 | 393,958 | 1.4m | -244,625 | -125,348 | |
67/77 |
20,235 | - | 51,023 | 94,451 | 252,862 | - | - | |
9904 |
82,034 | -24,004 | 135,126 | 299,507 | 1.1m | -244,625 | -125,348 | |
9905 |
82,034 | -24,004 | 135,126 | 299,507 | 1.1m | -244,625 | -125,348 | |
| Appropriation of the result | ||||||||
9906 |
58,029 | -24,004 | 135,126 | 299,507 | 777,108 | -369,974 | -125,348 | |
14P |
-24,004 | - | - | - | -369,974 | - | - | |
791/2 |
- | 235,294 | 352,941 | 588,235 | - | - | - | |
691/2 |
58,029 | - | 135,126 | 299,507 | 777,108 | - | - | |
6921 |
58,029 | - | 135,126 | 299,507 | 777,108 | - | - | |
694/7 |
- | 235,294 | 352,941 | 588,235 | - | - | - | |
694 |
- | 235,294 | 352,941 | 588,235 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 3 days after the deadline. Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00373092.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-08-2026 | 2026-00373092 | |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00293383 | |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00181173 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00213101 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20082148 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60200321 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-26600403 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 126,033 | 4,037 | 211,112 | 433,617 | 1.4m | -136,172 | -74,733 | ||
| 82,817 | -23,287 | 135,854 | 300,235 | 1.1m | -243,725 | -123,998 | ||
| 800 | 27,091 | 75,566 | 25,189 | 28,473 | 8,500 | 7,700 | ||
| 235,203 | 218,865 | -458,458 | 365,626 | -36,977 | 375,445 | - | ||
| 108,746 | 28,019 | 237,118 | 446,294 | 937,852 | 6.7m | -113,098 | ||
| 7.1% | 1.7% | 16.2% | 25.9% | 19.2% | -4.0% | -9.5% | ||
| 1.08 | 1.02 | 1.16 | 1.31 | 1.30 | 4.32 | 0.91 | ||
| 0.53 | 0.32 | 0.17 | 0.51 | 0.12 | 0.27 | 0.12 | ||
| 13.07 | 58.67 | 5.18 | 2.86 | 4.20 | - | - | ||
| 73.3% | -80.4% | 46.7% | 59.1% | 144.2% | - | - | ||
| 5.2% | -1.3% | 7.6% | 15.3% | 27.7% | -2.8% | -11.2% | ||
| 6.26 | 0.15 | 8.65 | 11.14 | 27.61 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €27,500 | - | - | €27,500 |
| - | €16.5m | - | - | €16.5m | |
| Carrying value of the mortgaged assets | - | €1.2m | - | - | €1.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €25,891 | €75,566 | €25,189 | €28,473 |
| Financial fixed assets | €800 | €1,200 | - | - | - |
| €784 | €717 | €728 | €728 | €308 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on 2B2C Projects
The operating result for 2025 is nearly 38 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 98.3% to 92.9%. Equity is higher and debt is lower.
- 2022 Net result -74% on 2021. The accounts now follow the abbreviated format, last year the micro format.