A-ROUND
Annual accounts 2025
micro format, filed on 29-05-2026, 63 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €296,551 on 31-12-2025in euro
in euro
Position in the sector
5.7%
Higher than 16% of 8,617 companies in 2025.
1.04
Higher than 25% of 8,293 companies in 2025.
28.1%
Higher than 75% of 8,402 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Men and women
Not in that year's accounts.
€49,669
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 2 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
296,551 | 343,772 | 456,477 | 896,127 | 1.1m | 723,291 | 1.0m | 877,674 | 565,008 | 127,444 | 204,164 | 25,948 | 57,330 | 98,256 | 77,131 | |
21/28 |
13,315 | 8,673 | 10,800 | 14,957 | 26,758 | 46,250 | 59,547 | 75,023 | 11,158 | 6,682 | 101 | 521 | 2,986 | 14,324 | 17,875 | |
21 |
- | - | - | - | - | - | - | - | - | 8 | 101 | 194 | 279 | 372 | - | |
22/27 |
12,915 | 8,273 | 10,400 | 11,057 | 22,858 | 42,350 | 59,147 | 70,723 | 6,900 | 2,516 | - | 327 | 2,707 | 13,852 | 17,875 | |
23 |
- | - | 0 | 15 | 107 | 8,105 | 11,906 | - | - | - | - | - | - | - | - | |
24 |
12,915 | 8,273 | 10,400 | 2,792 | 6,251 | 9,493 | 14,240 | 29,471 | 6,900 | 2,516 | - | 327 | 1,272 | 12,238 | 17,875 | |
26 |
- | - | 0 | 8,250 | 16,501 | 24,751 | 33,002 | 41,252 | - | - | - | - | 1,435 | 1,614 | - | |
28 |
400 | 400 | 400 | 3,900 | 3,900 | 3,900 | 400 | 4,300 | 4,258 | 4,158 | - | - | - | 100 | - | |
284/8 |
- | - | 400 | 3,900 | 3,900 | 3,900 | 400 | - | - | - | - | - | - | - | - | |
285/8 |
- | - | 400 | 3,900 | 3,900 | 3,900 | 400 | - | - | - | - | - | - | - | - | |
29/58 |
283,236 | 335,099 | 445,677 | 881,170 | 1.0m | 677,041 | 944,164 | 802,651 | 553,849 | 120,762 | 204,063 | 25,427 | 54,344 | 83,932 | 59,255 | |
3 |
10,365 | 14,192 | 0 | 7,920 | 0 | - | - | - | - | 732 | 978 | - | - | 10,100 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | 732 | 978 | - | - | - | - | |
37 |
10,365 | 14,192 | 0 | 7,920 | - | - | - | - | - | - | - | - | - | 10,100 | - | |
40/41 |
242,055 | 277,386 | 324,079 | 617,222 | 846,435 | 563,464 | 783,915 | 647,711 | 492,167 | 70,892 | 190,055 | 11,626 | 33,317 | 48,804 | 33,495 | |
40 |
236,012 | 243,674 | 306,980 | 614,189 | 832,607 | 552,347 | 779,432 | 613,687 | 447,837 | 46,768 | 190,051 | 6,950 | 33,317 | 40,778 | 27,157 | |
41 |
6,043 | 33,712 | 17,098 | 3,033 | 13,828 | 11,117 | 4,483 | 34,024 | 44,330 | 24,125 | 4 | 4,676 | - | 8,025 | 6,337 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 25,232 | |
54/58 |
17,822 | 32,479 | 110,938 | 246,607 | 190,990 | 113,438 | 158,298 | 147,373 | 60,648 | 44,974 | 12,665 | 13,436 | 20,661 | 24,323 | - | |
490/1 |
12,993 | 11,043 | 10,661 | 9,421 | 9,593 | 139 | 1,950 | 7,566 | 1,035 | 4,164 | 365 | 365 | 365 | 706 | 528 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
296,551 | 343,772 | 456,477 | 896,127 | 1.1m | 723,291 | 1.0m | 877,674 | 565,008 | 127,444 | 204,164 | 25,948 | 57,330 | 98,256 | 77,131 | |
10/15 |
16,984 | -66,410 | 4,060 | 236,811 | 285,613 | 175,640 | 522,480 | 198,682 | 150,085 | 29,719 | 26,685 | 24,576 | 24,307 | 22,664 | 20,494 | |
10/11 |
261,000 | 261,000 | 261,000 | 261,000 | 261,000 | 261,000 | 261,000 | 21,000 | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | |
100 |
- | - | - | - | - | 261,000 | 261,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | |
101 |
- | - | - | - | - | - | - | - | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | |
13 |
0 | 7,097 | 7,097 | 7,097 | 24,613 | 182,097 | 182,097 | 177,100 | 139,100 | 19,100 | 16,100 | 13,100 | 13,100 | 12,100 | 9,100 | |
130/1 |
0 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 7,097 | 7,097 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | |
1311 |
0 | 7,097 | 7,097 | 7,097 | 7,097 | - | - | - | - | - | - | - | - | - | - | |
133 |
- | - | - | 0 | 17,516 | 175,000 | 175,000 | 175,000 | 137,000 | 17,000 | 14,000 | 11,000 | 11,000 | 10,000 | 7,000 | |
14 |
-244,016 | -334,507 | -264,038 | -31,286 | 0 | -267,457 | 79,383 | 582 | 485 | 119 | 85 | 976 | 707 | 64 | 894 | |
17/49 |
279,568 | 410,182 | 452,417 | 659,316 | 788,164 | 547,651 | 481,230 | 678,991 | 414,922 | 97,725 | 177,478 | 1,371 | 33,023 | 75,592 | 56,637 | |
17 |
- | - | - | 0 | 5,385 | 12,489 | 19,509 | 26,446 | - | - | - | - | - | - | - | |
170/4 |
- | - | - | 0 | 5,385 | 12,489 | 19,509 | 26,446 | - | - | - | - | - | - | - | |
173 |
- | - | - | 0 | 5,385 | 12,489 | 19,509 | - | - | - | - | - | - | - | - | |
42/48 |
271,198 | 410,182 | 452,417 | 659,316 | 479,772 | 237,624 | 461,721 | 625,767 | 319,384 | 97,580 | 34,823 | 1,218 | 30,341 | 73,940 | 54,988 | |
42 |
- | - | 0 | 5,385 | 7,105 | 7,020 | 6,936 | 6,854 | - | - | - | - | - | - | - | |
43 |
3,508 | 1,307 | 2,827 | 4,543 | 377 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
3,508 | 1,307 | 2,827 | 4,543 | 377 | - | - | - | - | - | - | - | - | - | - | |
44 |
240,815 | 382,803 | 414,322 | 588,587 | 363,770 | 138,259 | 313,999 | 435,717 | 245,250 | 95,204 | 4,878 | 1,194 | 21,465 | 69,520 | 42,491 | |
440/4 |
240,815 | 382,803 | 414,322 | 588,587 | 363,770 | 138,259 | 313,999 | 435,717 | 245,250 | 95,204 | 4,878 | 1,194 | 21,465 | 69,520 | 42,491 | |
45 |
26,426 | 25,595 | 33,143 | 58,599 | 107,120 | 92,345 | 140,786 | 103,299 | 74,109 | 2,160 | 29,646 | - | 8,829 | 4,332 | 10,258 | |
450/3 |
- | - | 0 | 18,376 | 74,491 | 52,577 | 52,966 | 103,299 | 74,109 | 2,160 | 29,646 | - | 8,829 | 1,980 | 7,954 | |
454/9 |
26,426 | 25,595 | 33,143 | 40,222 | 32,630 | 39,768 | 87,819 | - | - | - | - | - | - | 2,353 | 2,304 | |
47/48 |
449 | 477 | 2,126 | 2,203 | 1,399 | - | - | 79,898 | 25 | 216 | 298 | 24 | 47 | 87 | 2,239 | |
492/3 |
8,370 | - | - | 0 | 303,007 | 297,538 | - | 26,778 | 95,538 | 145 | 142,656 | 154 | 2,682 | 1,653 | 1,649 | |
| Income statement | ||||||||||||||||
70/76A |
- | - | 1.9m | 2.2m | 1.9m | 1.3m | 1.9m | - | - | - | - | - | - | - | - | |
70 |
- | - | 1.9m | 2.2m | 1.9m | 1.3m | 1.9m | - | - | - | - | - | - | - | - | |
71 |
- | - | -7,920 | 7,920 | - | - | - | - | - | - | - | - | - | - | - | |
74 |
- | - | 9,449 | 2,494 | 3,096 | - | - | - | - | - | - | - | - | - | - | |
76A |
- | - | - | 0 | 1,057 | - | - | - | - | - | - | 5,589 | 383 | - | - | |
9900 |
324,862 | 170,760 | - | - | - | - | - | 283,591 | 216,997 | 13,301 | 4,059 | -5,427 | 5,906 | 13,983 | 56,544 | |
60/66A |
- | - | 2.1m | 2.3m | 1.8m | 1.7m | 1.8m | - | - | - | - | - | - | - | - | |
60 |
- | - | 1.3m | 1.4m | 1.1m | 925,632 | 983,597 | - | - | - | - | - | - | - | - | |
600/8 |
- | - | 1.3m | 1.4m | 1.1m | 925,632 | 983,597 | - | - | - | - | - | - | - | - | |
61 |
- | - | 482,842 | 596,292 | 481,420 | 475,506 | 474,747 | - | - | - | - | - | - | - | - | |
62 |
233,443 | 229,111 | 300,918 | 291,650 | 254,325 | 280,148 | 285,890 | 203,686 | 23,762 | - | - | 88 | 233 | 207 | 25,704 | |
630 |
3,913 | 5,179 | 13,008 | 14,843 | 14,893 | 16,797 | 16,292 | 17,999 | 4,608 | 1,770 | 420 | 1,104 | 2,301 | 8,038 | 11,472 | |
631/4 |
0 | -251 | 251 | 935 | 8,579 | 15,698 | 917 | - | - | - | - | - | - | - | - | |
640/8 |
2,855 | 4,243 | 5,565 | 2,480 | 3,225 | 544 | 1,791 | 3,138 | 1,529 | 5,946 | 496 | 490 | 522 | 1,453 | 2,487 | |
66A |
- | - | 0 | 11,706 | - | - | - | - | - | - | - | - | 229 | - | - | |
9901 |
84,650 | -67,521 | -231,101 | -47,376 | 112,990 | -398,046 | 138,438 | 58,768 | 187,098 | 5,585 | 3,143 | -7,108 | 2,851 | 4,285 | 16,881 | |
75/76B |
1,118 | 100 | 126 | 277 | 48 | 17 | 89 | 493 | 298 | 115 | 6 | 1,999 | 113 | 236 | 231 | |
75 |
699 | 100 | 126 | 277 | 48 | 17 | 89 | 493 | 298 | 115 | 6 | 1,999 | 113 | 236 | 231 | |
750 |
- | - | - | - | - | - | 13 | - | - | - | - | - | - | - | - | |
751 |
- | - | - | - | 0 | 16 | - | - | - | - | - | - | - | - | - | |
752/9 |
- | - | 126 | 277 | 48 | 1 | 76 | - | - | - | - | - | - | - | - | |
76B |
419 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
2,375 | 3,049 | 1,776 | 1,528 | 3,065 | 1,648 | 1,746 | 1,167 | 185 | 500 | 143 | 210 | 483 | 356 | 84 | |
65 |
2,375 | 3,049 | 1,776 | 1,528 | 2,339 | 1,648 | 1,746 | 1,167 | 185 | 500 | 143 | 210 | 483 | 356 | 84 | |
650 |
- | - | 200 | 531 | 1,129 | 1,090 | 1,030 | - | - | - | - | - | - | - | - | |
652/9 |
- | - | 1,576 | 997 | 1,209 | 558 | 715 | - | - | - | - | - | - | - | - | |
66B |
- | - | - | 0 | 727 | - | - | - | - | - | - | - | - | - | - | |
9903 |
83,394 | -70,470 | -232,751 | -48,627 | 109,973 | -399,677 | 136,782 | 58,095 | 187,210 | 5,201 | 3,006 | 269 | 2,634 | 4,165 | 17,029 | |
67/77 |
- | - | 0 | 175 | 0 | -52,837 | 52,984 | 19,998 | 66,844 | 2,167 | 897 | 0 | 991 | 1,996 | 7,035 | |
670/3 |
- | - | 0 | 175 | - | - | 53,000 | - | - | - | - | - | - | - | - | |
77 |
- | - | - | - | 0 | 52,837 | 16 | - | - | - | - | - | - | - | - | |
9904 |
83,394 | -70,470 | -232,751 | -48,802 | 109,973 | -346,840 | 83,798 | 38,097 | 120,366 | 3,034 | 2,109 | 269 | 1,643 | 2,170 | 9,994 | |
9905 |
83,394 | -70,470 | -232,751 | -48,802 | 109,973 | -346,840 | 83,798 | 38,097 | 120,366 | 3,034 | 2,109 | 269 | 1,643 | 2,170 | 9,994 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-251,114 | -334,507 | -264,038 | -48,802 | -157,484 | -267,457 | 84,380 | 38,582 | 120,485 | 3,119 | 3,085 | 976 | 1,707 | 3,064 | 9,994 | |
14P |
-334,507 | -264,038 | -31,286 | 0 | -267,457 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
7,097 | - | 0 | 17,516 | 157,484 | - | - | - | - | - | - | - | - | - | - | |
792 |
- | - | 0 | 17,516 | 157,484 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 4,997 | 38,000 | 120,000 | 3,000 | 3,000 | - | 1,000 | 3,000 | 9,100 | |
6920 |
- | - | - | - | - | - | 4,997 | - | - | - | - | - | - | - | 2,100 | |
6921 |
- | - | - | - | - | - | - | 38,000 | 120,000 | 3,000 | 3,000 | - | 1,000 | 3,000 | 7,000 | |
| Social balance sheet | ||||||||||||||||
9087 |
4.7 | 4.3 | 5.6 | 5.7 | 5.1 | 5.3 | 6.1 | 5 | 0.7 | - | - | - | - | - | 0.8 | |
Men (FTE)1003 |
- | - | 2.5 | 2.9 | 2.5 | 2 | 1.1 | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
- | - | 3.1 | 2.8 | 2.6 | 3.3 | 5 | - | - | - | - | - | - | - | - | |
Agency workers1501 |
- | - | 0.5 | 0.3 | - | 1 | 0.2 | - | - | - | - | - | - | - | - | |
Hours worked1013 |
7,062 | 7,175 | 9,253 | 9,474 | 9,303 | 9,027 | 10,400 | 8,259 | 1,138 | - | - | - | - | - | 1,588 | |
| Document | ||||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-05-2026 | 2026-00125845 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00515245 | |
| 31-12-2023 | full format | 30-09-2024 | 2024-00479953 | |
| 31-12-2022 | full format | 05-09-2023 | 2023-00429856 | |
| 31-12-2021 | full format | 14-10-2022 | 2022-20460351 | |
| 31-12-2020 | full format | 18-11-2021 | 2021-77800260 | |
| 31-12-2019 | full format | 30-12-2020 | 2020-77600255 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-41500439 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56700092 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54100593 | |
| 31-12-2015 | abbreviated format | 22-07-2016 | 2016-35000487 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-38800472 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-51100474 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-54200566 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-54000511 |
Subsidies and aid
Flemish government 2025, 1 entry, €960 awarded, €960 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 88,563 | -62,342 | -218,094 | -32,533 | 127,883 | -381,249 | 154,731 | 76,768 | 191,706 | 7,356 | 3,563 | -6,004 | 5,152 | 12,323 | 28,353 | ||
| 87,307 | -65,291 | -219,743 | -33,959 | 124,865 | -330,043 | 100,090 | 56,096 | 124,974 | 4,804 | 2,529 | 1,373 | 3,944 | 10,208 | 21,466 | ||
| 11,757 | 3,052 | 12,350 | 3,042 | -4,599 | 3,500 | 816 | 82,122 | 9,085 | 8,351 | 0 | -1,361 | -9,037 | 4,487 | 29,347 | ||
| -14,657 | -78,459 | -135,669 | 55,617 | 77,552 | -44,860 | 10,925 | 86,726 | 15,674 | 32,309 | -771 | -7,225 | -3,661 | - | - | ||
| 12,038 | -75,083 | -6,740 | 221,854 | 567,247 | 439,418 | 482,443 | 176,883 | 234,465 | 23,182 | 169,240 | 24,209 | 24,003 | 9,992 | 4,267 | ||
| - | - | -12.5% | -2.1% | 5.8% | -30.3% | 7.3% | - | - | - | - | - | - | - | - | ||
| 5.7% | -19.3% | 0.9% | 26.4% | 26.6% | 24.3% | 52.1% | 22.6% | 26.6% | 23.3% | 13.1% | 94.7% | 42.4% | 23.1% | 26.6% | ||
| 1.04 | 0.82 | 0.99 | 1.34 | 2.18 | 2.85 | 2.04 | 1.28 | 1.73 | 1.24 | 5.86 | 20.88 | 1.79 | 1.14 | 1.08 | ||
| 1.01 | 0.78 | 0.99 | 1.32 | 2.18 | 2.85 | 2.04 | 1.28 | 1.73 | 1.23 | 5.83 | 20.88 | 1.79 | 1.00 | 1.08 | ||
| 16.46 | - | - | 2.78 | 2.76 | 3.12 | 0.92 | 3.42 | 2.76 | 3.29 | 6.65 | 0.06 | 1.36 | 3.34 | 2.76 | ||
| 491.0% | - | - | -20.6% | 38.5% | -197.5% | 16.0% | 19.2% | 80.2% | 10.2% | 7.9% | 1.1% | 6.8% | 9.6% | 48.8% | ||
| 28.1% | -20.5% | -51.0% | -5.4% | 10.2% | -48.0% | 8.3% | 4.3% | 21.3% | 2.4% | 1.0% | 1.0% | 2.9% | 2.2% | 13.0% | ||
| 37.29 | -20.45 | -1092.54 | -61.22 | over 100 | -349.93 | over 100 | - | - | - | - | - | - | - | - | ||
| - | - | 61 days | 101 days | 157 days | 154 days | 151 days | - | - | - | - | - | - | - | - | ||
| - | - | 86 days | 109 days | 86 days | 36 days | 79 days | - | - | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 5 | 5 | 5 | 6 |
| full-time | 6 | 5 | 4 | 4 | 5 |
| part-time | 0 | 0 | 1 | 1 | 1 |
| in full-time equivalents | 6 | 5 | 4.8 | 4.8 | 5.4 |
| 4.7 | 4.3 | 5.6 | 5.7 | 5.1 | |
| On a permanent contract | 6 | 5 | 5 | 5 | 5 |
| Joined | 2 | 5 | 4 | 1 | 7 |
| Left | 1 | 5 | 4 | 2 | 6 |
| Agency workers, average number | - | - | 0.5 | 0.3 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| €73,267 | €73,267 | €33,267 | €26,317 | €26,317 |
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 | €11,757 | €3,052 | €12,350 | €3,042 | - |
| Financial fixed assets | €0 | - | - | - | - |
| €3,913 | €5,179 | €13,008 | €14,843 | €14,893 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
feesThe auditor is .
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | €6,597 | €5,308 | €5,308 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Insights on A-ROUND
The operating result for 2025 is a profit of €84,650, after a loss of €67,521 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total is 94.3%.
- 2024 Net result +70% on 2023. The accounts now follow the micro format, last year the full format.