ALERT
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-02-2026 PDF all 27 filings
Equity
€0▼ 100%
2024 · €979,329
Total assets
€978,917▼ 11.2%
2024 · €1.1m
Net result
-€412
2024 · €883,930
Working capital
€0▼ 100%
2024 · €979,329
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €14,703, after a profit of €1.3m in 2024. It is the lowest result since 2021.
Operating result-€0.01m
2025
Net result-€412
2025
Total assets€1.0m
2025
Equity€0
2025
Debt€1.0m
2025
Working capital€0
2025
Staff (FTE)1.6
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.02m▼ 70.4%€0.01m▼ 35.5%€0.01m▲ 27.3%-€0.002m€0.03m€1.3m▲ 45×-€0.01m
Net result€0.04m-€0.005m▼ 86.1%€0.001m▼ 73.4%€0.003m▲ 118%-€0.008m€0.02m€0.9m▲ 51×-€412
Equity€0.2m-€0.08m▼ 49.8%€0.08m▲ 1.7%€0.09m▲ 3.7%€0.08m▼ 9.3%€0.1m▲ 22.1%€1.0m▲ 927%€0▼ 100%
Total assets€0.5m-€0.5m▼ 10.5%€0.4m▼ 13.1%€0.4m▼ 10.8%€0.3m▼ 12.1%€0.3m▼ 1.7%€1.1m▲ 257%€1.0m▼ 11.2%
Debt€0.4m-€0.4m▲ 7.7%€0.3m▼ 16.3%€0.3m▼ 14.6%€0.2m▼ 13.0%€0.2m▼ 9.5%€0.1m▼ 42.1%€1.0m▲ 693%
Working capital€0.05m--€0.02m-€0.01m▲ 28.6%-€0.003m▲ 78.0%€0.004m€0.006m▲ 55.0%€1.0m▲ 167×€0▼ 100%
Staff (FTE)1.6-1.8▲ 12.5%1.8=2▲ 11.1%1.8▼ 10.0%1.6▼ 11.1%1.6=
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Solvency
0.0%▼
2024 · 88.8%
Current ratio
1.00▼
2024 · 8.93
ROA
0.0%▼
2024 · 80.2%
Debt ≤ 1 year
€978,917▲
2024 · €123,509
Income taxes
€0▼
2024 · €413,245
Staff costs
€53▼
2024 · €110,142
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 | - |
| full-time | 1 | 1 | 1 | - |
| part-time | 2 | 1 | 1 | - |
| in full-time equivalents | 1.8 | 1.6 | 1.6 | - |
| Average over the year, in full-time equivalents | 1.8 | 1.6 | 1.6 | 1.6 |
| On a permanent contract | 3 | 2 | 2 | - |
| Joined | - | 0 | - | 0 |
| Left | - | 1 | - | 2 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 17-10-2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €357,500 | €357,500 | - | - |
| Carrying value of the mortgaged assets | - | €219,104 | €206,132 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 17-10-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,694 | €10,383 | €8,768 | €2,116 | - |
| Depreciation and write-downs of the year | €35,969 | €37,547 | €16,378 | €0 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €1.3m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €53 | ▼ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.02m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.005m | €0.006m | €0.004m | €265 | ▼ 93.8% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €1.4m | -€0.01m | - |
| Operating profit (loss)9901 | €0.06m | €0.02m | €0.01m | €0.01m | -€0.002m | €0.03m | €1.3m | -€0.01m | - |
| Financial income75/76B | - | - | - | €0 | - | €79 | €0.001m | €0.01m | ▲ 16× |
| Recurring financial income75 | €35 | €41 | - | €0 | - | €79 | €0.001m | €0.01m | ▲ 16× |
| Financial charges65/66B | - | - | - | €0.005m | €0.004m | €0.004m | €0.003m | €237 | ▼ 92.3% |
| Recurring financial charges65 | €0.007m | €0.006m | €0.004m | €0.005m | €0.004m | €0.004m | €0.003m | €237 | ▼ 92.3% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.01m | €0.007m | €0.009m | -€0.006m | €0.02m | €1.3m | -€412 | - |
| Income taxes67/77 | €0.01m | €0.005m | €0.006m | €0.006m | €0.002m | €0.008m | €0.4m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.04m | €0.005m | €0.001m | €0.003m | -€0.008m | €0.02m | €0.9m | -€412 | - |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.005m | €0.001m | €0.003m | -€0.008m | €0.02m | €0.9m | -€412 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €1.1m | €1.0m | ▼ 11.2% |
| Fixed assets21/28 | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0 | - | - |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0 | - | - |
| Land and buildings22 | - | - | - | €0.3m | €0.2m | €0.2m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.01m | €0.02m | €0 | - | - |
| Current assets29/58 | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | €0.09m | €1.1m | €1.0m | ▼ 11.2% |
| Amounts receivable within one year40/41 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.2m | €0.004m | ▼ 97.4% |
| Trade receivables40 | - | - | - | €0.05m | €0.05m | €0.05m | €0.06m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.009m | €0.01m | €0.002m | €0.1m | €0.004m | ▼ 96.0% |
| Cash at bank and in hand54/58 | €0.09m | €0.07m | €0.05m | €0.04m | €0.02m | €0.03m | €0.9m | €1.0m | ▲ 4.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.002m | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €1.1m | €1.0m | ▼ 11.2% |
| Equity10/15 | €0.2m | €0.08m | €0.08m | €0.09m | €0.08m | €0.1m | €1.0m | €0 | ▼ 100% |
| Contributions10/11 | €0.1m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0 | ▼ 100% |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0 | ▼ 100% |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0 | ▼ 100% |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.03m | €0.9m | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | - | €0.02m | €0.9m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €0.005m | €0.007m | €0.01m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Amounts payable17/49 | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €1.0m | ▲ 693% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0 | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.1m | €0.1m | €0.08m | €0.08m | €0.1m | €1.0m | ▲ 693% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.02m | €0.02m | €0 | - | - |
| Trade debts44 | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | €0.004m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.02m | €0.01m | €0.01m | €0.004m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.02m | €0.1m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | - | €0.007m | €0.1m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.03m | €0.02m | €0 | €1.0m | - |
| Accrued charges and deferred income492/3 | - | - | - | €302 | €0.005m | €180 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,272 | €5,337 | €1,421 | €3,093 | -€7,976 | €17,236 | €883,930 | -€412 | - |
| + Depreciation and write-downs630 | €37,914 | €37,321 | €36,896 | €35,969 | €37,547 | €16,378 | €0 | - | - |
| Operating cash flow (approximation) | €76,186 | €42,657 | €38,316 | €39,062 | €29,571 | €33,614 | €883,930 | -€412 | - |
| Investment in fixed assets (approximation) | - | €116 | -€319 | -€1,694 | -€10,383 | -€8,768 | €221,731 | - | - |
| Change in cash | - | -€20,134 | -€19,954 | -€8,737 | -€21,888 | €9,942 | €909,263 | €37,451 | ▼ 95.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 17-10-2025 | micro format | 02-02-2026 | 2026-00035595 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00179181 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00153606 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00161496 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20076138 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-26800279 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21400227 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-33300192 | |
| 31-12-2017 | micro format | 06-07-2018 | 2018-29100094 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-24700095 |