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Annual accounts 2025
micro format, filed on 14-07-2026, 17 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 ≈ €450,000. Estimated: probably between €370,000 and €550,000.
Balance sheet
balance sheet total €354,062 on 31-12-2025in euro
Position in the sector
-
Higher than 15% of 15,183 companies in 2024.
0.72
Higher than 10% of 15,606 companies in 2025.
18.9%
Higher than 50% of 15,723 companies in 2025.
Net result: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€44,993
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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
354,062 | 388,630 | 411,547 | 346,839 | 398,595 | 426,607 | 464,159 | 421,497 | 253,737 | |
21/28 |
179,432 | 235,738 | 251,004 | 192,279 | 202,878 | 238,239 | 311,110 | 272,226 | 139,850 | |
21 |
11,250 | 26,250 | 41,250 | 56,250 | 71,250 | 86,250 | 101,250 | 116,250 | 131,250 | |
22/27 |
150,182 | 191,488 | 191,754 | 118,029 | 113,628 | 121,744 | 129,860 | 137,976 | - | |
22 |
86,962 | 97,977 | 108,993 | 105,511 | 113,628 | 121,744 | 129,860 | 137,976 | - | |
26 |
63,220 | 93,510 | 82,761 | 12,517 | - | - | - | - | - | |
28 |
18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 30,245 | 80,000 | 18,000 | 8,600 | |
29/58 |
174,630 | 152,892 | 160,543 | 154,560 | 195,718 | 188,369 | 153,049 | 149,271 | 113,887 | |
3 |
9,139 | - | - | - | - | - | - | - | - | |
30/36 |
9,139 | - | - | - | - | - | - | - | - | |
40/41 |
76,135 | 119,552 | 79,584 | 126,139 | 111,368 | 92,452 | 72,822 | 47,679 | 29,166 | |
40 |
68,135 | 104,798 | 76,398 | 126,139 | 111,368 | 92,452 | 72,822 | 42,461 | 29,166 | |
41 |
8,000 | 14,754 | 3,186 | - | - | - | - | 5,219 | - | |
54/58 |
75,780 | 32,702 | 80,959 | 16,570 | 71,381 | 86,942 | 74,194 | 97,725 | 80,027 | |
490/1 |
13,576 | 638 | - | 11,851 | 12,969 | 8,975 | 6,032 | 3,867 | 4,694 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
354,062 | 388,630 | 411,547 | 346,839 | 398,595 | 426,607 | 464,159 | 421,497 | 253,737 | |
10/15 |
- | 66,068 | 65,730 | 65,009 | 59,400 | 57,834 | 49,082 | 41,023 | 14,515 | |
10/11 |
- | 20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 18,600 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 6,200 | 6,200 | |
13 |
- | 45,608 | 45,270 | 44,549 | 38,940 | 37,374 | 30,482 | 28,623 | 2,115 | |
130/1 |
- | - | - | - | - | - | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
133 |
- | 45,608 | 45,270 | 44,549 | 38,940 | 37,374 | 28,622 | 26,763 | 255 | |
17/49 |
354,062 | 322,562 | 345,817 | 281,829 | 339,195 | 368,773 | 415,077 | 380,474 | 239,223 | |
17 |
108,956 | 130,737 | 161,817 | 144,314 | 128,825 | 157,039 | 197,345 | 225,133 | - | |
170/4 |
108,956 | 130,737 | 161,817 | 144,314 | 128,825 | 157,039 | 197,345 | 225,133 | - | |
42/48 |
243,217 | 191,825 | 184,000 | 137,515 | 210,370 | 211,734 | 217,732 | 155,341 | 239,223 | |
42 |
37,933 | 31,080 | 37,525 | 37,157 | 28,214 | 40,306 | 39,595 | 6,407 | - | |
43 |
- | - | - | - | - | 3,344 | - | - | - | |
430/8 |
- | - | - | - | - | 3,344 | - | - | - | |
44 |
60,263 | 9,692 | 11,788 | 10,112 | 85,060 | 14,573 | 2,678 | 41,692 | 970 | |
440/4 |
60,263 | 9,692 | 11,788 | 10,112 | 85,060 | 14,573 | 2,678 | 41,692 | 970 | |
46 |
- | - | - | - | - | 47,390 | 80,929 | 68,786 | 74,644 | |
45 |
12,702 | 13,082 | 10,688 | 20,246 | 35,250 | 23,168 | 11,694 | 5,842 | 10,387 | |
450/3 |
3,110 | 1,849 | - | 11,206 | 22,091 | 13,035 | 4,958 | 1,253 | 8,544 | |
454/9 |
9,592 | 11,233 | 10,688 | 9,040 | 13,159 | 10,133 | 6,736 | 4,590 | 1,843 | |
47/48 |
132,319 | 137,971 | 124,000 | 70,000 | 61,846 | 82,954 | 82,836 | 32,614 | 153,221 | |
492/3 |
1,889 | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||
76A |
- | - | - | - | - | 9,132 | - | - | - | |
9900 |
239,903 | 258,286 | 298,569 | 207,271 | 176,021 | 190,687 | 156,986 | 89,877 | 52,662 | |
62 |
89,986 | 84,234 | 83,262 | 83,361 | 76,214 | 59,139 | 40,782 | 23,229 | 14,377 | |
630 |
56,306 | 52,836 | 48,792 | 27,289 | 23,116 | 23,116 | 23,116 | 28,195 | 20,183 | |
631/4 |
3,046 | - | 14,980 | - | - | - | - | - | - | |
640/8 |
2,199 | 3,468 | 9,710 | 3,271 | 3,820 | 2,016 | 1,872 | 311 | 1,072 | |
9901 |
88,365 | 117,749 | 141,825 | 93,350 | 72,870 | 106,416 | 91,216 | 38,143 | 17,030 | |
75/76B |
533 | 1,579 | 1,493 | 787 | 260 | 255 | 103 | 107 | 10 | |
75 |
533 | 1,579 | 1,493 | 787 | 260 | 255 | 103 | 107 | 10 | |
65/66B |
12,697 | 15,353 | 11,621 | 8,994 | 9,610 | 7,919 | 8,524 | 13,264 | 9,925 | |
65 |
12,697 | 15,353 | 11,621 | 8,994 | 9,610 | 7,919 | 8,524 | 13,264 | 9,925 | |
9903 |
76,201 | 103,975 | 131,698 | 85,143 | 63,521 | 98,753 | 82,795 | 24,985 | 7,115 | |
67/77 |
9,361 | -6,363 | 6,977 | 9,534 | 1,955 | 10,000 | 935 | -1,523 | 5,000 | |
9904 |
66,840 | 110,338 | 124,721 | 75,609 | 61,566 | 88,753 | 81,859 | 26,508 | 2,115 | |
9905 |
66,840 | 110,338 | 124,721 | 75,609 | 61,566 | 88,753 | 81,859 | 26,508 | 2,115 | |
| Appropriation of the result | ||||||||||
9906 |
66,840 | 110,338 | 124,721 | 75,609 | 61,566 | 88,753 | 81,859 | 26,508 | 2,115 | |
791/2 |
45,608 | - | - | - | - | - | - | - | - | |
691/2 |
- | 338 | 721 | 5,609 | 1,566 | 8,753 | 1,859 | 26,508 | 2,115 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | 338 | 721 | 5,609 | 1,566 | 8,753 | 1,859 | 26,508 | 255 | |
694/7 |
112,448 | 110,000 | 124,000 | 70,000 | 60,000 | 80,000 | 80,000 | - | - | |
694 |
47,448 | - | - | - | - | - | - | - | - | |
695 |
65,000 | 110,000 | 124,000 | 70,000 | 60,000 | 80,000 | 80,000 | - | - | |
| Social balance sheet | ||||||||||
9087 |
2 | 2 | 2 | 2 | 3 | 3 | 3 | 2 | 1 | |
Hours worked1013 |
3,542 | 3,549 | 3,549 | 3,557 | 3,000 | 3,000 | 3,000 | 2,400 | 1,200 | |
| Document | ||||||||||
The notes to these accounts have 9 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 14-07-2026.
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 | micro format | 14-07-2026 | 2026-00296984 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00455952 | |
| 31-12-2023 | micro format | 19-11-2024 | 2024-00603018 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00395697 | |
| 31-12-2021 | micro format | 23-11-2022 | 2022-20524130 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60600291 | |
| 31-12-2019 | micro format | 10-02-2021 | 2021-05100500 | |
| 31-12-2018 | micro format | 18-08-2019 | 2019-47200480 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-54500433 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 144,671 | 170,585 | 190,618 | 120,638 | 95,987 | 129,532 | 114,332 | 66,338 | 37,213 | ||
| 123,146 | 163,174 | 173,513 | 102,898 | 84,682 | 111,869 | 104,975 | 54,703 | 22,297 | ||
| 0 | 37,569 | 107,517 | 16,690 | -12,245 | -49,755 | 62,000 | 160,571 | 160,033 | ||
| 43,078 | -48,257 | 64,389 | -54,811 | -15,560 | 12,748 | -23,530 | 17,697 | - | ||
| -68,587 | -38,933 | -23,457 | 17,044 | -14,652 | -23,366 | -64,683 | -6,071 | -125,336 | ||
| - | 17.0% | 16.0% | 18.7% | 14.9% | 13.6% | 10.6% | 9.7% | 5.7% | ||
| 0.72 | 0.80 | 0.87 | 1.12 | 0.93 | 0.89 | 0.70 | 0.96 | 0.48 | ||
| 0.68 | 0.80 | 0.87 | 1.12 | 0.93 | 0.89 | 0.70 | 0.96 | 0.48 | ||
| - | 4.88 | 5.26 | 4.34 | 5.71 | 6.38 | 8.46 | 9.27 | 16.48 | ||
| - | 167.0% | 189.7% | 116.3% | 103.6% | 153.5% | 166.8% | 64.6% | 14.6% | ||
| 18.9% | 28.4% | 30.3% | 21.8% | 15.4% | 20.8% | 17.6% | 6.3% | 0.8% | ||
| 11.39 | 11.11 | 16.40 | 13.41 | 9.99 | - | - | - | - |
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 | 2 | 2 | 2 | 2 | 3 |
| full-time | 2 | 2 | 2 | 2 | 3 |
| in full-time equivalents | 2 | 2 | 2 | 2 | 3 |
| 2 | 2 | 2 | 2 | 3 | |
| On a permanent contract | 2 | 2 | 2 | 2 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €37,569 | €107,517 | €16,690 | - |
| €56,306 | €52,836 | €48,792 | €27,289 | €23,116 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Add Values
The operating result for 2025 is 25% lower than in 2024 and the lowest since 2021. It is the second fall in a row.