A.
Annual accounts 2025
micro format, filed on 19-06-2026, 42 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €62,000 and €130,000.
Balance sheet
balance sheet total €433,214 on 31-12-2025in euro
in euro
Position in the sector
5.2%
Higher than 16% of 9,695 companies in 2025.
1.99
Higher than 52% of 9,313 companies in 2025.
4.1%
Higher than 35% of 9,437 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
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 |
433,214 | 84,435 | 82,143 | |
21/28 |
352,345 | 13,782 | 17,303 | |
22/27 |
352,345 | 13,782 | 17,303 | |
22 |
343,784 | - | - | |
23 |
560 | 840 | 1,120 | |
24 |
3,718 | 5,495 | 5,572 | |
26 |
4,283 | 7,447 | 10,611 | |
29/58 |
80,869 | 70,653 | 64,840 | |
3 |
1,821 | 3,790 | - | |
30/36 |
1,821 | 3,790 | - | |
40/41 |
36,812 | 43,175 | 42,777 | |
40 |
32,220 | 30,261 | 35,487 | |
41 |
4,592 | 12,914 | 7,290 | |
50/53 |
11,353 | 3,330 | - | |
54/58 |
30,884 | 20,357 | 22,063 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
433,214 | 84,435 | 82,143 | |
10/15 |
22,681 | 58,847 | 38,673 | |
10/11 |
500 | 500 | 500 | |
13 |
22,181 | 58,347 | 38,173 | |
132 |
4,224 | 4,224 | 4,224 | |
133 |
17,956 | 54,123 | 33,949 | |
17/49 |
410,533 | 25,587 | 43,470 | |
17 |
369,818 | 6,149 | 9,279 | |
170/4 |
369,818 | 6,149 | 9,279 | |
42/48 |
40,715 | 19,439 | 34,191 | |
42 |
6,330 | 3,130 | 3,078 | |
43 |
2,283 | 4,071 | 5,898 | |
430/8 |
2,283 | 4,071 | 5,898 | |
44 |
712 | 996 | 7,455 | |
440/4 |
712 | 996 | 7,455 | |
45 |
958 | 825 | 3,203 | |
450/3 |
958 | 825 | 1,765 | |
454/9 |
- | - | 1,439 | |
47/48 |
30,431 | 10,416 | 14,557 | |
| Income statement | ||||
9900 |
38,689 | 34,606 | 46,712 | |
62 |
- | - | 6,747 | |
630 |
9,512 | 5,051 | 4,208 | |
640/8 |
1,011 | 373 | 139 | |
9901 |
28,165 | 29,182 | 35,618 | |
75/76B |
343 | 204 | 58 | |
75 |
343 | 204 | 58 | |
65/66B |
3,620 | 720 | 550 | |
65 |
3,620 | 720 | 550 | |
9903 |
24,888 | 28,666 | 35,126 | |
67/77 |
6,932 | 8,493 | 9,567 | |
9904 |
17,956 | 20,174 | 25,560 | |
9905 |
17,956 | 20,174 | 25,560 | |
| Appropriation of the result | ||||
9906 |
17,956 | 20,174 | 25,560 | |
791/2 |
54,123 | - | - | |
691/2 |
17,956 | 20,174 | 25,560 | |
6921 |
17,956 | 20,174 | 25,560 | |
694/7 |
54,123 | - | - | |
694 |
54,123 | - | - | |
| Social balance sheet | ||||
9087 |
- | - | 0.3 | |
Hours worked1013 |
- | - | 344 | |
| Document | ||||
The notes to these accounts have 6 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 19-06-2026.
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 |
|---|---|---|---|---|
| 37,678 | 34,233 | 39,826 | ||
| 27,469 | 25,225 | 29,767 | ||
| 348,075 | 1,530 | 6,336 | ||
| 10,527 | -1,706 | - | ||
| 40,154 | 51,214 | 30,649 | ||
| 5.2% | 69.7% | 47.1% | ||
| 1.99 | 3.63 | 1.90 | ||
| 1.94 | 3.44 | 1.90 | ||
| 18.10 | 0.43 | 1.12 | ||
| 79.2% | 34.3% | 66.1% | ||
| 4.1% | 23.9% | 31.1% | ||
| 10.41 | 47.54 | 72.47 |
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.
Social balance sheet
| Item | 31-12-2023 |
|---|---|
| 0.3 | |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €348,075 | €1,530 | €6,336 |
| €9,512 | €5,051 | €4,208 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on A.
The operating result for 2025 is 3% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 30.3% to 94.8%. Equity is lower and debt is higher.