5E
Annual accounts 2025
micro format, filed on 21-06-2026, 40 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €63,459 on 31-12-2025in euro
in euro
Position in the sector
-108.5%
Lower than 95% of 39,376 companies in 2025.
0.46
Higher than 11% of 38,058 companies in 2025.
-95.5%
Lower than 95% of 38,530 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
63,459 | 109,610 | 86,795 | |
21/28 |
2,052 | 3,979 | 3,206 | |
22/27 |
2,052 | 3,979 | 3,206 | |
24 |
2,052 | 3,979 | 3,206 | |
29/58 |
61,407 | 105,631 | 83,589 | |
40/41 |
12,576 | 103,666 | 71,826 | |
40 |
11,534 | 101,507 | 71,826 | |
41 |
1,042 | 2,159 | - | |
54/58 |
48,746 | 1,384 | 11,089 | |
490/1 |
85 | 581 | 674 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
63,459 | 109,610 | 86,795 | |
10/15 |
-68,865 | -8,243 | 8,365 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
-71,865 | -11,243 | 5,365 | |
17/49 |
132,324 | 117,853 | 78,430 | |
42/48 |
132,324 | 117,853 | 78,430 | |
44 |
13,713 | 1,497 | 697 | |
440/4 |
13,713 | 1,497 | 697 | |
45 |
196 | 3,920 | 12,658 | |
450/3 |
196 | 3,920 | 12,658 | |
47/48 |
118,415 | 112,436 | 65,075 | |
| Income statement | ||||
9900 |
-62,044 | -14,326 | 11,104 | |
630 |
1,927 | 1,466 | 336 | |
640/8 |
526 | 510 | 2,963 | |
9901 |
-64,497 | -16,302 | 7,805 | |
75/76B |
4,080 | - | 3 | |
75 |
4,080 | - | 3 | |
65/66B |
91 | 225 | 110 | |
65 |
91 | 225 | 110 | |
9903 |
-60,508 | -16,526 | 7,698 | |
67/77 |
114 | 81 | 2,333 | |
9904 |
-60,622 | -16,608 | 5,365 | |
9905 |
-60,622 | -16,608 | 5,365 | |
| Appropriation of the result | ||||
9906 |
-71,865 | -11,243 | 5,365 | |
14P |
-11,243 | 5,365 | - | |
| Document | ||||
The notes to these accounts have 4 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 21-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -62,570 | -14,835 | 8,141 | ||
| -58,695 | -15,141 | 5,701 | ||
| 0 | 2,239 | 3,543 | ||
| 47,362 | -9,705 | - | ||
| -70,916 | -12,222 | 5,159 | ||
| -108.5% | -7.5% | 9.6% | ||
| 0.46 | 0.90 | 1.07 | ||
| - | - | 9.38 | ||
| - | - | 64.1% | ||
| -95.5% | -15.2% | 6.2% | ||
| -689.47 | -66.06 | 74.01 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €2,239 | €3,543 |
| €1,927 | €1,466 | €336 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on 5E
The operating result for 2025 is a loss of €64,497, larger than the loss of €16,302 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€132,324) exceeds the balance-sheet total (€63,459).