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A+

Active
Private limited companyfounded 2016active for 10 yearsNieuwpoortlaan 21, 3600 Genk, BelgiumKBO/BCE: BE 0660.962.552

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 10-07-2026 at the NBB all 9 filings

Turnover
≈ €650,000
Estimated: probably between €390,000 and €1.1m
Total assets
€1.6m▲ 38.0%
2024 · €1.2m
Net result
€21,141▼ 94.1%
2024 · €359,933
Working capital
-€223,070
2024 · €551,455
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 84% lower than in 2024 and the lowest since 2021.

Operating result€0.07m 2025 Net result€0.02m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.04m-€0.08m▲ 100%€0.1m▲ 22.9%€0.09m▼ 4.7%€0.09m▼ 7.4%€0.2m▲ 182%€0.4m▲ 73.6%€0.07m▼ 83.6%
Net result€0.02m-€0.06m▲ 291%€0.07mwithin the sector's middle half▲ 20.3%€0.07mwithin the sector's middle half▲ 2.0%€0.06mwithin the sector's middle half▼ 13.4%€0.2mabove the sector's middle half▲ 217%€0.4mabove the sector's middle half▲ 81.8%€0.02mwithin the sector's middle half▼ 94.1%
Equity€0.03m-€0.08m▲ 234%€0.2mwithin the sector's middle half▲ 99.1%€0.2mwithin the sector's middle half▲ 43.2%€0.3mwithin the sector's middle half▲ 26.1%€0.4mwithin the sector's middle half▲ 30.9%€0.5mwithin the sector's middle half▲ 27.9%€0.5mwithin the sector's middle half▲ 4.2%
Total assets€0.4m-€0.4m▲ 10.9%€0.6mwithin the sector's middle half▲ 30.7%€1.1mwithin the sector's middle half▲ 88.1%€0.8mwithin the sector's middle half▼ 23.5%€0.8mwithin the sector's middle half▼ 2.2%€1.2mwithin the sector's middle half▲ 44.4%€1.6mwithin the sector's middle half▲ 38.0%
Debt€0.4m-€0.4m▼ 4.2%€0.4m▲ 14.5%€0.8m▲ 107%€0.5m▼ 37.6%€0.4m▼ 21.2%€0.7m▲ 60.2%€1.1m▲ 63.8%
Working capital€0.1m-€0.05m▼ 64.7%€0.2mwithin the sector's middle half▲ 217%€0.4mwithin the sector's middle half▲ 136%€0.2mwithin the sector's middle half▼ 34.2%€0.3mwithin the sector's middle half▲ 36.3%€0.6mwithin the sector's middle half▲ 67.6%-€0.2mbelow the sector's middle half
Solvency6.3%-19.1%▲ 12.7pp29.1%within the sector's middle half▲ 10.0pp22.1%within the sector's middle half▼ 6.9pp36.5%within the sector's middle half▲ 14.4pp48.8%within the sector's middle half▲ 12.3pp43.2%within the sector's middle half▼ 5.6pp32.6%within the sector's middle half▼ 10.6pp
Current ratio1.69-1.14▼ 0.541.47within the sector's middle half▲ 0.331.62within the sector's middle half▲ 0.141.51within the sector's middle half▼ 0.111.94within the sector's middle half▲ 0.442.10within the sector's middle half▲ 0.160.67below the sector's middle half▼ 1.42
Return on assets (ROA)3.8%-13.4%▲ 9.6pp12.3%within the sector's middle half▼ 1.1pp6.7%within the sector's middle half▼ 5.6pp7.5%within the sector's middle half▲ 0.9pp24.5%above the sector's middle half▲ 17.0pp30.8%above the sector's middle half▲ 6.3pp1.3%within the sector's middle half▼ 29.5pp
Staff (FTE)2.6-1.8▼ 30.8%1.4below the sector's middle half▼ 22.2%1.4below the sector's middle half=1.2below the sector's middle half▼ 14.3%1below the sector's middle half▼ 16.7%1within the sector's middle half=1.9within the sector's middle half▲ 90.0%
above within below The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). 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.
Turnover and EBIT margin are not published. The abbreviated 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 €1.6m
Fixed assets €1.1m ▲ 907%
Current assets €462,502 ▼ 56.1%
Equity and liabilities €1.6m
Equity €525,420 ▲ 4.2%
Debt €1.1m ▲ 63.8%
Debt's share of the balance-sheet total rises from 56.8% to 67.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€111,971▼
2024 · €460,332
Cash flow
€64,124▼
2024 · €400,467
Quick ratio
0.56▼
2024 · 1.98
Debt to equity
2.07▲
2024 · 1.31
ROE
4.0%▼
2024 · 71.4%
Interest coverage
4.28▼
2024 · 53.02
Debt ≤ 1 year
€685,572▲
2024 · €501,509
Debt > 1 year
€389,778▲
2024 · €0
Income taxes
€21,840▼
2024 · €55,931
Staff costs
€156,346▲
2024 · €124,150
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date11112
full-time11112
part-time00000
in full-time equivalents11112
Average over the year, in full-time equivalents11.2111.9
On a permanent contract11112
Joined-1--1
Left-1--0

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Pledge on the business€121,000€121,000€121,000€121,000€121,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€57,692€7,926€55,710€19,644€42,252
Intangible fixed assets-€8,125€0€5,320-
Financial fixed assets----€1.1m
Depreciation and write-downs of the year€21,556€26,549€34,635€40,534€42,982

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €14,512 awarded · €14,269 paid
Year Entries AwardedPaid
2025 1 €1,954€1,992
2024 1 €1,021€740
2023 2 €9,179€9,179
2022 1 €2,358€2,358
Schemes
1 entry · €9,000 · €9,000 paid · Vlaams Agentschap voor Internationaal Ondernemen
4 entries · €5,512 · €5,269 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as A+: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €826,000 and €2.3m, founded between 2015 and 2018.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
A+ Genk2016€1.6m€0.5m€0.3m€0.02m1.92025
AT-SYSTEMS Hoogstraten2015€1.8m€0.3m€0.3m€0.1m12025
Comet Technics Ingelmunster2015€1.4m€0.6m€0.4m€0.09m2.52025
HUYGHE David Kortemark2015€2.3m€0.8m€0.4m€0.2m2.52026
FIS ROBOTICS Genk2018€1.1m€0.1m€0.4m€0.05m3.32025
GKservice Zonhoven2016€0.8m€0.7m€0.2m€0.06m2.82025
MUYLE ELECTRO MACHINERY DEVELOPMENT Sombreffe2018€2.3m€0.4m€0.5m€0.09m1.92024

They were chosen from the 694 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines

Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.6m▲
Fixed assets21/28€0.1m€1.1m▲
Intangible fixed assets21€0.007m€0.003m▼
Tangible fixed assets22/27€0.1m€0.1m▲
Plant, machinery and equipment23€0.003m€0.001m▼
Furniture and vehicles24€0.03m€0.01m▼
Leasing and similar rights25-€0.04m
Other tangible fixed assets26€0.07m€0.06m▼
Financial fixed assets28-€1.0m
Current assets29/58€1.1m€0.5m▼
Stocks and contracts in progress3€0.06m€0.08m▲
Stocks30/36€0.06m€0.08m▲
Amounts receivable within one year40/41€0.7m€0.3m▼
Trade receivables40€0.5m€0.3m▼
Other amounts receivable41€0.2m€0.02m▼
Cash at bank and in hand54/58€0.3m€0.04m▼
Deferred charges and accrued income490/1€0.01m€0.02m▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.6m▲
Equity10/15€0.5m€0.5m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.5m€0.5m▲
Distributable reserves133€0.5m€0.5m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€0.7m€1.1m▲
Amounts payable after more than one year17€0€0.4m▲
Financial debts170/4€0€0.4m▲
Amounts payable within one year42/48€0.5m€0.7m▲
Current portion of amounts payable after more than one year42€0.02m€0.1m▲
Financial debts43€0.008m€0.1m▲
Credit institutions430/8€0.008m€0.1m▲
Trade debts44€0.2m€0.2m▲
Suppliers440/4€0.2m€0.2m▲
Advances received on contracts in progress46€0.007m€0▼
Taxes, remuneration and social security45€0.03m€0.04m▲
Taxes450/3€0.01m€0.01m▼
Remuneration and social security454/9€0.02m€0.02m▲
Other amounts payable47/48€0.3m€0.3m▲
Accrued charges and deferred income492/3€0.2m€0.01m▼
Income statement Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0.1m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m▲
Other operating charges640/8€0.003m€0.005m▲
Gross operating margin9900€0.6m€0.3m▼
Operating profit (loss)9901€0.4m€0.07m▼
Financial income75/76B€0.005m€165▼
Recurring financial income75€0.005m€165▼
Financial charges65/66B€0.009m€0.03m▲
Recurring financial charges65€0.009m€0.03m▲
Profit (loss) for the period before taxes9903€0.4m€0.04m▼
Income taxes67/77€0.06m€0.02m▼
Profit (loss) for the period9904€0.4m€0.02m▼
Profit (loss) for the period to be appropriated9905€0.4m€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.02m▼
Transfer to equity691/2€0.1m€0.02m▼
To other reserves6921€0.1m€0.02m▼
Profit to be distributed694/7€0.3m€0▼
Directors or managers695€0.3m€0▼
Social balance sheet
Average headcount (FTE)90871.01.9▲

The notes to these accounts have 24 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€604€2,150€0--
Remuneration, social security and pensions62---€100,303€85,767€88,622€124,150€156,346▲ 25.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,597€17,581€20,071€21,556€26,549€34,635€40,534€42,982▲ 6.0%
Other operating charges640/8---€4,217€2,676€6,722€3,462€4,626▲ 33.6%
Non-recurring operating charges66A---€3,069€0----
Gross operating margin9900€209,635€231,011€227,796€221,814€200,837€371,785€587,944€272,943▼ 53.6%
Operating profit (loss)9901€39,485€79,120€97,202€92,669€85,846€241,806€419,797€68,989▼ 83.6%
Financial income75/76B---€12,223€10,766€6,071€4,749€165▼ 96.5%
Recurring financial income75€4,543€6,120€5,298€12,223€10,766€6,071€4,749€165▼ 96.5%
Financial charges65/66B---€8,374€10,064€10,143€8,682€26,173▲ 201%
Recurring financial charges65€4,853€5,095€8,445€8,374€10,064€10,143€8,682€26,173▲ 201%
Profit (loss) for the period before taxes9903€39,175€80,146€94,055€96,517€86,548€237,734€415,864€42,981▼ 89.7%
Income taxes67/77€24,139€21,378€23,381€24,461€24,168€39,759€55,931€21,840▼ 61.0%
Profit (loss) for the period9904€15,036€58,768€70,674€72,056€62,380€197,976€359,933€21,141▼ 94.1%
Profit (loss) for the period to be appropriated9905€15,036€58,768€70,674€72,056€62,380€197,976€359,933€21,141▼ 94.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.4m€0.4m€0.6m€1.1m€0.8m€0.8m€1.2m€1.6m▲ 38.0%
Formation expenses20€0--------
Fixed assets21/28€0.06m€0.05m€0.09m€0.1m€0.1m€0.1m€0.1m€1.1m▲ 907%
Intangible fixed assets21€0---€0.008m€0.005m€0.007m€0.003m▼ 60.6%
Tangible fixed assets22/27€0.06m€0.05m€0.09m€0.1m€0.1m€0.1m€0.1m€0.1m▲ 3.4%
Plant, machinery and equipment23---€0.001m€298€0.006m€0.003m€0.001m▼ 80.6%
Furniture and vehicles24---€0.04m€0.03m€0.06m€0.03m€0.01m▼ 62.8%
Leasing and similar rights25---€0---€0.04m-
Other tangible fixed assets26---€0.08m€0.07m€0.06m€0.07m€0.06m▼ 15.6%
Financial fixed assets28€0-€428€428€0--€1.0m-
Current assets29/58€0.3m€0.4m€0.5m€1.0m€0.7m€0.7m€1.1m€0.5m▼ 56.1%
Stocks and contracts in progress3€0----€0.06m€0.06m€0.08m▲ 23.6%
Stocks30/36-----€0.06m€0.06m€0.08m▲ 23.6%
Amounts receivable within one year40/41€0.3m€0.3m€0.4m€0.9m€0.6m€0.5m€0.7m€0.3m▼ 49.5%
Trade receivables40---€0.5m€0.3m€0.2m€0.5m€0.3m▼ 34.5%
Other amounts receivable41---€0.4m€0.3m€0.3m€0.2m€0.02m▼ 88.9%
Current investments50/53€0--------
Cash at bank and in hand54/58€0.07m€0.06m€0.05m€0.02m€0.1m€0.09m€0.3m€0.04m▼ 88.4%
Deferred charges and accrued income490/1---€0.006m€0.009m€0.01m€0.01m€0.02m▲ 43.9%
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.4m€0.6m€1.1m€0.8m€0.8m€1.2m€1.6m▲ 38.0%
Equity10/15€0.03m€0.08m€0.2m€0.2m€0.3m€0.4m€0.5m€0.5m▲ 4.2%
Contributions10/11€0.006m€0.006m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.02m€0.08m€0.1m€0.2m€0.3m€0.4m€0.5m€0.5m▲ 4.4%
Non-distributable reserves130/1---€0-----
Reserves not available under the articles1311---€0-----
Distributable reserves133---€0.2m€0.3m€0.4m€0.5m€0.5m▲ 4.4%
Profit (loss) carried forward14€162€0---€0€0€0-
Provisions and deferred taxes16€0--------
Amounts payable17/49€0.4m€0.4m€0.4m€0.8m€0.5m€0.4m€0.7m€1.1m▲ 63.8%
Amounts payable after more than one year17€0.03m€0.02m€0.08m€0.08m€0.05m€0.02m€0€0.4m-
Financial debts170/4---€0.08m€0.05m€0.02m€0€0.4m-
Amounts payable within one year42/48€0.2m€0.3m€0.3m€0.6m€0.5m€0.3m€0.5m€0.7m▲ 36.7%
Current portion of amounts payable after more than one year42---€0.03m€0.03m€0.03m€0.02m€0.1m▲ 359%
Financial debts43---€0.006m€0.1m€0.008m€0.008m€0.1m▲ 12×
Credit institutions430/8---€0.006m€0.1m€0.008m€0.008m€0.1m▲ 12×
Trade debts44€0.01m€0.2m€0.2m€0.5m€0.3m€0.2m€0.2m€0.2m▲ 7.5%
Suppliers440/4---€0.5m€0.3m€0.2m€0.2m€0.2m▲ 7.5%
Advances received on contracts in progress46------€0.007m€0▼ 100%
Taxes, remuneration and social security45---€0.06m€0.02m€0.02m€0.03m€0.04m▲ 8.4%
Taxes450/3---€0.04m€0.01m€0.005m€0.01m€0.01m▼ 3.0%
Remuneration and social security454/9---€0.02m€0.01m€0.02m€0.02m€0.02m▲ 14.7%
Other amounts payable47/48---€0.002m€0.001m€0.1m€0.3m€0.3m▲ 1.2%
Accrued charges and deferred income492/3---€0.2m€0€0.04m€0.2m€0.01m▼ 93.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.02m€0.06m€0.07m€0.07m€0.06m€0.2m€0.4m€0.02m▼ 94.1%
+ Depreciation and write-downs630€0.01m€0.02m€0.02m€0.02m€0.03m€0.03m€0.04m€0.04m▲ 6.0%
Operating cash flow (approximation)€0.03m€0.08m€0.09m€0.09m€0.09m€0.2m€0.4m€0.06m▼ 84.0%
Investment in fixed assets (approximation)--€0.01m-€0.06m-€0.05m-€0.02m-€0.06m-€0.02m-€1.1m▼ 4,215%
Change in cash--€0.02m-€0.004m-€0.03m€0.1m-€0.05m€0.2m-€0.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (9)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 10-07-2026 2026-00276786 NBB
31-12-2024 abbreviated format 22-07-2025 2025-00293054 PDF
31-12-2023 abbreviated format 21-06-2024 2024-00148033 PDF
31-12-2022 abbreviated format 27-06-2023 2023-00163678 PDF
31-12-2021 abbreviated format 31-07-2022 2022-20258350 PDF
31-12-2020 abbreviated format 09-06-2021 2021-18600463 PDF
31-12-2019 abbreviated format 24-06-2020 2020-20100029 PDF
31-12-2018 abbreviated format 19-06-2019 2019-20100342 PDF
31-12-2017 micro format 03-08-2018 2018-43700170 PDF

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