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ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 20-10-2026 at the NBB all 25 filings
Turnover
≈ €170,000
Estimated: probably between €77,000 and €400,000
Total assets
€307,584▲ 17.6%
2025 · €261,564
Net result
€3,749▲ 53.9%
2025 · €2,435
Working capital
€58,222▼ 11.5%
2025 · €65,802
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€7,876
▲ 102%
2026
20192026
Net result
€3,749
▲ 53.9%
2026
20192026
Equity
€259,335
▲ 1.5%
2026
20192026
Total assets
€307,584
▲ 17.6%
2026
20192026
Debt
€48,249
▲ 707%
2026
20192026
Working capital
€58,222
▼ 11.5%
2026
20192026
Solvency
84.3%
▼ 13.4pp
2026
20192026
Current ratio
5.50
▼ 6.86
2026
20192026
Return on assets (ROA)
1.2%
▲ 0.3pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€8,347--€6,236▲ 25.3%-€7,162▼ 14.9%€665€603▼ 9.3%€1,591▲ 164%€3,891▲ 145%€7,876▲ 102%
Net result€281-€1,969▲ 600%€1,799within the sector's middle half▼ 8.6%€309below the sector's middle half▼ 82.8%-€2,985below the sector's middle half€1,017within the sector's middle half€2,435within the sector's middle half▲ 139%€3,749▲ 53.9%
Equity€251,041-€253,011▲ 0.8%€254,810above the sector's middle half▲ 0.7%€255,119above the sector's middle half▲ 0.1%€252,134above the sector's middle half▼ 1.2%€253,151above the sector's middle half▲ 0.4%€255,587above the sector's middle half▲ 1.0%€259,335▲ 1.5%
Total assets€275,197-€276,463▲ 0.5%€267,374within the sector's middle half▼ 3.3%€259,198within the sector's middle half▼ 3.1%€259,099within the sector's middle half=€256,861within the sector's middle half▼ 0.9%€261,564within the sector's middle half▲ 1.8%€307,584▲ 17.6%
Debt€24,155-€23,452▼ 2.9%€12,564▼ 46.4%€4,079▼ 67.5%€6,965▲ 70.7%€3,710▼ 46.7%€5,977▲ 61.1%€48,249▲ 707%
Working capital€217,787-€233,780▲ 7.3%€254,810above the sector's middle half▲ 9.0%€255,119above the sector's middle half▲ 0.1%€66,930within the sector's middle half▼ 73.8%€68,294within the sector's middle half▲ 2.0%€65,802within the sector's middle half▼ 3.6%€58,222▼ 11.5%
Solvency91.2%-91.5%▲ 0.3pp95.3%above the sector's middle half▲ 3.8pp98.4%above the sector's middle half▲ 3.1pp97.3%above the sector's middle half▼ 1.1pp98.6%above the sector's middle half▲ 1.2pp97.7%above the sector's middle half▼ 0.8pp84.3%▼ 13.4pp
Current ratio12.49-10.97▼ 1.5321.28above the sector's middle half▲ 10.3163.54above the sector's middle half▲ 42.2610.61above the sector's middle half▼ 52.9319.41above the sector's middle half▲ 8.8012.36above the sector's middle half▼ 7.045.50▼ 6.86
Return on assets (ROA)0.1%-0.7%▲ 0.6pp0.7%within the sector's middle half=0.1%below the sector's middle half▼ 0.6pp-1.2%below the sector's middle half▼ 1.3pp0.4%within the sector's middle half▲ 1.5pp0.9%within the sector's middle half▲ 0.5pp1.2%▲ 0.3pp
above
within
below
The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). 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 operating result for 2026 is 102% higher than in 2025 and the highest since 2022. It is the third rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €307,584
Fixed assets
€236,425 ▲ 24.5%
Current assets
€71,159 ▼ 0.6%
Equity and liabilities €307,584
Equity
€259,335 ▲ 1.5%
Debt
€48,249 ▲ 707%
Debt's share of the balance-sheet total rises from 2.3% to 15.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,818▲
2025 · €4,268
Cash flow
€16,691▲
2025 · €2,813
Debt to equity
0.19▲
2025 · 0.02
ROE
1.4%▲
2025 · 1.0%
Interest coverage
10.10▲
2025 · 7.53
Debt ≤ 1 year
€12,938▲
2025 · €5,791
Debt > 1 year
€35,258
Income taxes
€2,560▲
2025 · €1,290
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,041 | - | €5,492 | €57,536 |
| Financial fixed assets | - | €184,442 | - | - | €1,860 |
| Depreciation and write-downs of the year | - | €278 | €347 | €377 | €12,942 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,231 | €19,231 | - | - | €278 | €347 | €377 | €12,942 | ▲ 34× |
| Other operating charges640/8 | - | - | - | €358 | €729 | €613 | €1,163 | €1,100 | ▼ 5.4% |
| Gross operating margin9900 | €11,919 | €14,043 | -€5,294 | €1,022 | €1,610 | €2,550 | €5,432 | €21,918 | ▲ 304% |
| Operating profit (loss)9901 | -€8,347 | -€6,236 | -€7,162 | €665 | €603 | €1,591 | €3,891 | €7,876 | ▲ 102% |
| Financial income75/76B | - | - | - | €14 | €25 | €158 | €401 | €495 | ▲ 23.3% |
| Recurring financial income75 | €9,900 | €9,900 | €9,900 | €14 | €25 | €158 | €401 | €495 | ▲ 23.3% |
| Financial charges65/66B | - | - | - | €188 | €2,772 | €231 | €567 | €2,062 | ▲ 264% |
| Recurring financial charges65 | €377 | €195 | €32 | €188 | €2,772 | €231 | €567 | €2,062 | ▲ 264% |
| Profit (loss) for the period before taxes9903 | €1,176 | €3,469 | €2,706 | €491 | -€2,145 | €1,517 | €3,725 | €6,309 | ▲ 69.4% |
| Income taxes67/77 | €895 | €1,500 | €906 | €182 | €840 | €500 | €1,290 | €2,560 | ▲ 98.5% |
| Profit (loss) for the period9904 | €281 | €1,969 | €1,799 | €309 | -€2,985 | €1,017 | €2,435 | €3,749 | ▲ 53.9% |
| Profit (loss) for the period to be appropriated9905 | €281 | €1,969 | €1,799 | €309 | -€2,985 | €1,017 | €2,435 | €3,749 | ▲ 53.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €275,197 | €276,463 | €267,374 | €259,198 | €259,099 | €256,861 | €261,564 | €307,584 | ▲ 17.6% |
| Fixed assets21/28 | €38,461 | €19,231 | - | - | €185,204 | €184,857 | €189,972 | €236,425 | ▲ 24.5% |
| Tangible fixed assets22/27 | €38,461 | €19,231 | - | - | €762 | €415 | €5,530 | €50,123 | ▲ 806% |
| Plant, machinery and equipment23 | - | - | - | - | €762 | €415 | €415 | €68 | ▼ 83.5% |
| Furniture and vehicles24 | - | - | - | - | - | - | €5,114 | €5,129 | ▲ 0.3% |
| Leasing and similar rights25 | - | - | - | - | - | - | - | €44,926 | - |
| Financial fixed assets28 | - | - | - | - | €184,442 | €184,442 | €184,442 | €186,302 | ▲ 1.0% |
| Current assets29/58 | €236,735 | €257,232 | €267,374 | €259,198 | €73,895 | €72,004 | €71,592 | €71,159 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €227,387 | €216,926 | €212,464 | €187,258 | €4,783 | €6,942 | €11,921 | €13,517 | ▲ 13.4% |
| Trade receivables40 | - | - | - | - | - | €1,449 | €1,449 | €2,181 | ▲ 50.5% |
| Other amounts receivable41 | - | - | - | €187,258 | €4,783 | €5,493 | €10,472 | €11,336 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €8,364 | €39,322 | €54,910 | €71,940 | €67,199 | €64,406 | €54,866 | €52,824 | ▼ 3.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,913 | €656 | €4,805 | €4,818 | ▲ 0.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €275,197 | €276,463 | €267,374 | €259,198 | €259,099 | €256,861 | €261,564 | €307,584 | ▲ 17.6% |
| Equity10/15 | €251,041 | €253,011 | €254,810 | €255,119 | €252,134 | €253,151 | €255,587 | €259,335 | ▲ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Reserves13 | €201,860 | €201,860 | €201,860 | €201,860 | €201,860 | €201,860 | €201,860 | €200,000 | ▼ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | €30,581 | €32,551 | €34,350 | €34,659 | €31,674 | €32,691 | €35,127 | €38,875 | ▲ 10.7% |
| Amounts payable17/49 | €24,155 | €23,452 | €12,564 | €4,079 | €6,965 | €3,710 | €5,977 | €48,249 | ▲ 707% |
| Amounts payable after more than one year17 | €5,207 | - | - | - | - | - | - | €35,258 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €35,258 | - |
| Amounts payable within one year42/48 | €18,948 | €23,452 | €12,564 | €4,079 | €6,965 | €3,710 | €5,791 | €12,938 | ▲ 123% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €8,401 | - |
| Trade debts44 | €1,078 | €7,382 | - | €1,902 | €4,232 | €1,942 | €3,298 | €2,699 | ▼ 18.2% |
| Suppliers440/4 | - | - | - | €1,902 | €4,232 | €1,942 | €3,298 | €2,699 | ▼ 18.2% |
| Taxes, remuneration and social security45 | - | - | - | €2,177 | €2,733 | €1,768 | €2,493 | €1,838 | ▼ 26.2% |
| Taxes450/3 | - | - | - | €2,152 | €2,733 | €1,768 | €2,493 | €1,838 | ▼ 26.2% |
| Remuneration and social security454/9 | - | - | - | €25 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €187 | €54 | ▼ 71.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €281 | €1,969 | €1,799 | €309 | -€2,985 | €1,017 | €2,435 | €3,749 | ▲ 53.9% |
| + Depreciation and write-downs630 | €19,231 | €19,231 | - | - | €278 | €347 | €377 | €12,942 | ▲ 34× |
| Operating cash flow (approximation) | €19,512 | €21,200 | €1,799 | €309 | -€2,707 | €1,364 | €2,813 | €16,691 | ▲ 493% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | €0 | -€5,492 | -€59,396 | ▼ 982% |
| Change in cash | - | €30,958 | €15,587 | €17,030 | -€4,741 | -€2,793 | -€9,541 | -€2,042 | ▲ 78.6% |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 20-10-2026 | 2026-00564034 | |
| 31-03-2025 | micro format | 24-10-2025 | 2025-00548817 | |
| 31-03-2024 | micro format | 23-10-2024 | 2024-00512058 | |
| 31-03-2023 | micro format | 06-10-2023 | 2023-00473885 | |
| 31-03-2022 | micro format | 02-11-2022 | 2022-20480856 | |
| 31-03-2021 | micro format | 20-07-2021 | 2021-37100194 | |
| 31-03-2020 | micro format | 23-10-2020 | 2020-62500566 | |
| 31-03-2019 | micro format | 26-09-2019 | 2019-65800035 | |
| 31-03-2018 | micro format | 26-10-2018 | 2018-70100519 | |
| 31-03-2017 | micro format | 27-10-2017 | 2017-67800375 |