A10
Annual accounts 2025
full format, filed on 25-07-2026, 6 days before the deadlineMoney flows
of every €100 of turnover, €71.24 was lost in 2025Balance sheet
balance sheet total €11.2m on 31-12-2025in euro
in €m
Position in the sector
-1.3%
Higher than 23% of 4,692 companies in 2024.
0.03
Lower than 95% of 4,516 companies in 2024.
-3.3%
Lower than 95% of 4,668 companies in 2024.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 202415 months | 2023 | 2012 | 2011 | 2010 | 2009 | 200815 months |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
11.2m | 4.9m | 3.0m | 8.6m | 8.7m | 8.7m | 8.7m | 8.7m | |
21/28 |
11.0m | 4.8m | 2.9m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | |
22/27 |
11.0m | 4.8m | 2.9m | 385,001 | 385,001 | 385,001 | 385,000 | 385,000 | |
22 |
10.9m | 4.7m | 2.9m | 385,001 | 385,001 | 385,001 | 385,000 | 385,000 | |
23 |
60,072 | 27,604 | 77,819 | - | - | - | - | - | |
28 |
- | - | - | 6.8m | 6.8m | 6.8m | 6.8m | 6.8m | |
29/58 |
246,624 | 101,657 | 43,658 | 1.4m | 1.5m | 1.5m | 1.5m | 1.5m | |
29 |
- | - | - | 1.3m | 1.4m | 1.4m | 1.4m | 1.5m | |
291 |
- | - | - | 1.3m | 1.4m | 1.4m | 1.4m | 1.5m | |
40/41 |
180,342 | 99,696 | 29,829 | 45,635 | 113,678 | 57,211 | 52,737 | 63,958 | |
40 |
180,342 | 93,297 | 11,200 | - | 25,000 | 24,200 | 24,200 | 39,200 | |
41 |
- | 6,399 | 18,629 | 45,635 | 88,678 | 33,011 | 28,537 | 24,758 | |
54/58 |
66,160 | 1,839 | 5,285 | 84,292 | 39,739 | 8,383 | 45,667 | 28,010 | |
490/1 |
122 | 122 | 8,543 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
11.2m | 4.9m | 3.0m | 8.6m | 8.7m | 8.7m | 8.7m | 8.7m | |
10/15 |
-149,760 | 215,717 | 952,564 | 6.8m | 6.7m | 6.5m | 6.5m | 6.4m | |
10/11 |
800,000 | 800,000 | 800,000 | 6.5m | 6.5m | 6.5m | 6.5m | 6.5m | |
10 |
800,000 | 800,000 | - | - | - | - | - | - | |
100 |
800,000 | 800,000 | - | 6.5m | 6.5m | 6.5m | 6.5m | 6.5m | |
101 |
- | - | - | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | |
11 |
- | - | 800,000 | - | - | - | - | - | |
1109/19 |
- | - | 800,000 | - | - | - | - | - | |
13 |
36,852 | 36,852 | 152,564 | 360,145 | 190,972 | 5,868 | 5,582 | - | |
130/1 |
36,852 | 36,852 | 36,852 | - | - | - | - | - | |
130 |
- | - | - | 28,582 | 20,123 | 5,868 | 5,582 | - | |
1311 |
36,852 | 36,852 | 36,852 | - | - | - | - | - | |
133 |
- | - | 115,713 | 331,564 | 170,849 | - | - | - | |
14 |
-986,612 | -621,134 | - | - | - | - | - | -78,699 | |
17/49 |
11.4m | 4.7m | 2.0m | 1.8m | 2.0m | 2.2m | 2.2m | 2.3m | |
17 |
1.3m | 1.3m | - | 1.6m | 1.7m | 2.0m | 2.1m | 2.2m | |
170/4 |
- | 1.3m | - | 1.6m | 1.7m | 1.9m | 2.1m | 2.2m | |
174 |
- | 1.3m | - | - | - | - | - | - | |
178/9 |
1.3m | - | - | - | - | 67,170 | - | - | |
42/48 |
9.8m | 3.2m | 2.0m | 191,591 | 267,667 | 181,431 | 166,585 | 133,321 | |
42 |
- | - | - | 160,302 | 154,138 | 147,777 | 136,990 | 129,036 | |
43 |
- | - | 1.3m | 4,669 | - | - | - | - | |
439 |
- | - | 1.3m | 4,669 | - | - | - | - | |
44 |
303,305 | 1.5m | 85,901 | 26,620 | 13,310 | 32,155 | - | - | |
440/4 |
303,305 | 1.5m | 85,901 | 26,620 | 13,310 | 32,155 | - | - | |
45 |
26,094 | - | - | - | 219 | 1,500 | 7,464 | 4,154 | |
450/3 |
26,094 | - | - | - | 219 | 1,500 | 7,464 | 4,154 | |
47/48 |
9.4m | 1.7m | 610,000 | - | 100,000 | - | 22,131 | 131 | |
492/3 |
314,788 | 184,508 | 69,420 | 16,601 | 17,062 | 17,460 | 17,804 | 20,000 | |
| Income statement | |||||||||
70/76A |
525,758 | 220,656 | - | - | - | - | - | - | |
70 |
512,992 | 185,804 | - | - | - | - | - | - | |
74 |
12,766 | 34,852 | - | - | - | - | - | - | |
76A |
- | - | - | - | - | - | 1,898 | - | |
9900 |
- | - | -125,309 | -191,679 | -123,125 | -112,325 | - | -168,447 | |
60/66A |
747,552 | 862,590 | - | - | - | - | - | - | |
61 |
299,680 | 416,467 | - | - | - | - | - | - | |
630 |
296,889 | 264,972 | 297,692 | - | - | - | - | - | |
640/8 |
150,982 | 181,150 | 59,995 | 18,768 | 18,152 | 1,391 | 640 | 985 | |
9901 |
-221,794 | -641,934 | -482,996 | -210,447 | -141,277 | -113,716 | -640 | -169,432 | |
75/76B |
- | 8,374 | - | 452,805 | 507,170 | 212,179 | 216,117 | 180,936 | |
75 |
- | 8,374 | - | 452,805 | 507,170 | 212,179 | 216,117 | 180,936 | |
752/9 |
- | 8,374 | - | - | - | - | - | - | |
65/66B |
143,683 | 103,287 | 45,529 | 73,189 | 80,510 | 97,961 | 107,773 | 90,203 | |
65 |
143,683 | 103,287 | 45,529 | 73,189 | 80,510 | 97,961 | 107,773 | 90,203 | |
650 |
143,133 | 103,287 | - | - | - | - | - | - | |
652/9 |
551 | - | - | - | - | - | - | - | |
9903 |
-365,477 | -736,847 | -528,525 | 169,169 | 285,383 | 501 | 109,602 | -78,699 | |
67/77 |
- | - | - | -5 | 279 | 215 | 3,321 | - | |
9904 |
-365,477 | -736,847 | -528,525 | 169,174 | 285,104 | 286 | 106,280 | -78,699 | |
9905 |
-365,477 | -736,847 | -528,525 | 169,174 | 285,104 | 286 | 106,280 | -78,699 | |
| Appropriation of the result | |||||||||
9906 |
-986,612 | -736,847 | -528,525 | 169,174 | 285,104 | 286 | 27,582 | -78,699 | |
14P |
-621,134 | - | - | - | - | - | - | - | |
791/2 |
- | 115,713 | 528,525 | - | - | - | - | - | |
792 |
- | 115,713 | - | - | - | - | - | - | |
691/2 |
- | - | - | 169,174 | 185,104 | 286 | 5,582 | - | |
6920 |
- | - | - | 8,459 | 14,255 | 286 | 5,582 | - | |
6921 |
- | - | - | 160,715 | 170,849 | - | - | - | |
694/7 |
- | - | - | - | 100,000 | - | 22,000 | - | |
694 |
- | - | - | - | 100,000 | - | - | - | |
695 |
- | - | - | - | - | - | 22,000 | - | |
| Document | |||||||||
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.
Source: Annual accounts 2025 at the NBB, filed on 25-07-2026.
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 | full format | 25-07-2026 | 2026-00331513 | |
| 31-12-2024 | full format | 08-07-2025 | 2025-00254278 | |
| 30-09-2023 | abbreviated format | 01-07-2024 | 2024-00231133 | |
| 30-09-2012 | abbreviated format | 21-03-2013 | 2013-06900598 | |
| 30-09-2011 | abbreviated format | 05-12-2011 | 2011-62800540 | |
| 30-09-2010 | abbreviated format | 30-03-2011 | 2011-07300437 | |
| 30-09-2009 | abbreviated format | 28-04-2010 | 2010-10300402 | |
| 30-09-2008 | abbreviated format | 03-04-2009 | 2009-10500254 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 202415 months | 2023 | 2012 | 2011 | 2010 | 2009 | 200815 months |
|---|---|---|---|---|---|---|---|---|---|
| 75,095 | -376,962 | -185,303 | - | - | - | - | - | ||
| -68,588 | -471,875 | -230,832 | - | - | - | - | - | ||
| 6.5m | 2.1m | 548,800 | - | - | 1 | - | 7.2m | ||
| 64,321 | -3,446 | - | 44,554 | 31,355 | -37,283 | 17,657 | - | ||
| -9.5m | -3.1m | -1.9m | 1.3m | 1.2m | 1.3m | 1.4m | 1.4m | ||
| -43.2% | - | - | - | - | - | - | - | ||
| -1.3% | 4.4% | 32.0% | 79.2% | 76.7% | 75.0% | 74.4% | 73.2% | ||
| 0.03 | 0.03 | 0.02 | 7.52 | 5.64 | 8.05 | 9.16 | 11.61 | ||
| - | 21.62 | 2.13 | 0.26 | 0.30 | 0.33 | 0.34 | 0.37 | ||
| - | -341.6% | -55.5% | 2.5% | 4.3% | 0.0% | 1.6% | -1.2% | ||
| -3.3% | -15.1% | -17.7% | 2.0% | 3.3% | 0.0% | 1.2% | -0.9% | ||
| 0.52 | -3.65 | -4.07 | - | - | - | - | - | ||
| 128 days | 183 days | - | - | - | - | - | - | ||
| 369 days | 1333 days | - | - | - | - | - | - |
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 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | €6.5m | €2.1m | €548,800 |
| €296,889 | €264,972 | €297,692 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2025 | 2024 | 30-09-2023 |
|---|---|---|---|
| Fee for the audit | €3,079 | €3,000 | - |
Source: notes to the 2023 to 2025 annual accounts (relations with the auditor)
Insights on A10
The operating result for 2025 is a loss of €221,794, smaller than the loss of €641,934 in 2024.
Equity is negative. Debt (€11.4m) exceeds the balance-sheet total (€11.2m).
- 2025 Turnover +176%, Net result +50% on 2024. The previous financial year ran 15 months, this one 12.