ANDERS
InactiveFinancials · financial year 2026, micro format
Equity
€17,131▼ 82.5%
2025 · €98,009
Total assets
€91,159▼ 17.3%
2025 · €110,222
Net result
-€7,395
2025 · €23,377
Working capital
€17,131▼ 82.6%
2025 · €98,565
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 9 financial years
The operating result turns negative in 2026: a loss of €7,096 after €34,373 in 2025, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€7,096
2026
Net result-€7,395
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€91,159
2026
Equity€17,131
2026
Debt€74,028
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€17,131
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result-€1,916-€14,059€13,624▼ 3.1%€15,776▲ 15.8%€11,801▼ 25.2%€15,389▲ 30.4%€13,567▼ 11.8%€34,373▲ 153%-€7,096
Net result-€2,055-€9,860€9,158▼ 7.1%€10,506▲ 14.7%€7,828▼ 25.5%€10,050▲ 28.4%€9,008▼ 10.4%€23,377▲ 160%-€7,395
Equity€18,222-€28,082▲ 54.1%€37,240▲ 32.6%€47,746▲ 28.2%€55,574▲ 16.4%€65,624▲ 18.1%€74,632▲ 13.7%€98,009▲ 31.3%€17,131▼ 82.5%
Total assets€21,252-€34,627▲ 62.9%€42,476▲ 22.7%€51,631▲ 21.6%€57,263▲ 10.9%€68,201▲ 19.1%€80,030▲ 17.3%€110,222▲ 37.7%€91,159▼ 17.3%
Debt€3,029-€6,545▲ 116%€5,236▼ 20.0%€3,885▼ 25.8%€1,689▼ 56.5%€2,577▲ 52.6%€5,398▲ 109%€12,214▲ 126%€74,028▲ 506%
Working capital€2,466-€16,372▲ 564%€29,577▲ 80.7%€38,666▲ 30.7%€50,760▲ 31.3%€65,076▲ 28.2%€74,323▲ 14.2%€98,565▲ 32.6%€17,131▼ 82.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €91,159
Equity
€17,131 ▼ 82.5%
Debt
€74,028 ▲ 506%
Debt's share of the balance-sheet total rises from 11.1% to 81.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,096▼
2025 · €34,445
Cash flow
-€7,395▼
2025 · €23,449
Current ratio
1.23▼
2025 · 9.63
Debt to equity
4.32▲
2025 · 0.12
ROE
-43.2%▼
2025 · 23.9%
ROA
-8.1%▼
2025 · 21.2%
Interest coverage
-23.71▼
2025 · over 100
Debt ≤ 1 year
€74,028▲
2025 · €11,420
Income taxes
€0▼
2025 · €10,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,723 | €4,047 | €4,047 | €3,717 | €4,266 | €4,266 | €600 | €72 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €523 | €535 | €776 | €594 | €610 | €215 | ▼ 64.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €289 | €0 | - | €237 | - |
| Gross operating margin9900 | €2,937 | €18,239 | €17,790 | €20,015 | €16,602 | €20,721 | €14,761 | €35,054 | -€6,644 | - |
| Operating profit (loss)9901 | -€1,916 | €14,059 | €13,624 | €15,776 | €11,801 | €15,389 | €13,567 | €34,373 | -€7,096 | - |
| Financial income75/76B | - | - | - | €0 | €0 | - | - | - | - | - |
| Recurring financial income75 | - | - | €1 | €0 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €206 | €240 | €327 | €209 | €237 | €299 | ▲ 26.2% |
| Recurring financial charges65 | €139 | €148 | €139 | €206 | €240 | €327 | €209 | €237 | €299 | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | -€2,055 | €13,912 | €13,486 | €15,570 | €11,561 | €15,062 | €13,358 | €34,136 | -€7,395 | - |
| Income taxes67/77 | - | €4,052 | €4,328 | €5,064 | €3,733 | €5,012 | €4,350 | €10,759 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€2,055 | €9,860 | €9,158 | €10,506 | €7,828 | €10,050 | €9,008 | €23,377 | -€7,395 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,055 | €9,860 | €9,158 | €10,506 | €7,828 | €10,050 | €9,008 | €23,377 | -€7,395 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €21,252 | €34,627 | €42,476 | €51,631 | €57,263 | €68,201 | €80,030 | €110,222 | €91,159 | ▼ 17.3% |
| Fixed assets21/28 | €15,757 | €11,710 | €7,663 | €9,081 | €4,815 | €549 | €309 | €237 | €0 | ▼ 100% |
| Intangible fixed assets21 | €2,985 | €1,492 | - | €2,788 | €1,476 | €164 | €309 | €237 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €12,772 | €10,218 | €7,663 | €6,293 | €3,339 | €385 | €0 | - | - | - |
| Land and buildings22 | - | - | - | €5,109 | €2,554 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,184 | €784 | €385 | €0 | - | - | - |
| Current assets29/58 | €5,495 | €22,917 | €34,813 | €42,551 | €52,449 | €67,653 | €79,721 | €109,985 | €91,159 | ▼ 17.1% |
| Amounts receivable within one year40/41 | - | €6,525 | €4,332 | €7,212 | €4,810 | €3,554 | €10,691 | €894 | €1,403 | ▲ 56.9% |
| Trade receivables40 | - | - | - | €6,848 | €3,230 | €3,493 | €9,023 | €894 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €364 | €1,580 | €61 | €1,667 | €0 | €1,403 | - |
| Cash at bank and in hand54/58 | €5,192 | €16,392 | €30,480 | €35,286 | €47,585 | €63,977 | €68,993 | €108,965 | €89,756 | ▼ 17.6% |
| Deferred charges and accrued income490/1 | - | - | - | €53 | €53 | €121 | €37 | €127 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €21,252 | €34,627 | €42,476 | €51,631 | €57,263 | €68,201 | €80,030 | €110,222 | €91,159 | ▼ 17.3% |
| Equity10/15 | €18,222 | €28,082 | €37,240 | €47,746 | €55,574 | €65,624 | €74,632 | €98,009 | €17,131 | ▼ 82.5% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,257 | €9,490 | €18,648 | €29,154 | €36,982 | €47,032 | €56,040 | €79,417 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €27,295 | €35,123 | €47,032 | €56,040 | €79,417 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€3,627 | -€1,571 | -€3,627 | - | - | - | - | - | -€1,461 | - |
| Amounts payable17/49 | €3,029 | €6,545 | €5,236 | €3,885 | €1,689 | €2,577 | €5,398 | €12,214 | €74,028 | ▲ 506% |
| Amounts payable within one year42/48 | €3,029 | €6,545 | €5,236 | €3,885 | €1,689 | €2,577 | €5,398 | €11,420 | €74,028 | ▲ 548% |
| Trade debts44 | €206 | €139 | €1,184 | €730 | €0 | €30 | €567 | €0 | - | - |
| Suppliers440/4 | - | - | - | €730 | €0 | €30 | €567 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,257 | €0 | €2,101 | €2,652 | €6,875 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €2,257 | €0 | €2,101 | €2,652 | €6,875 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €898 | €1,689 | €446 | €2,178 | €4,545 | €74,028 | ▲ 1,529% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €793 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,055 | €9,860 | €9,158 | €10,506 | €7,828 | €10,050 | €9,008 | €23,377 | -€7,395 | - |
| + Depreciation and write-downs630 | €4,723 | €4,047 | €4,047 | €3,717 | €4,266 | €4,266 | €600 | €72 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €2,667 | €13,906 | €13,205 | €14,223 | €12,094 | €14,316 | €9,607 | €23,449 | -€7,395 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,135 | €0 | €0 | -€360 | €0 | €237 | - |
| Change in cash | - | €11,200 | €14,088 | €4,805 | €12,300 | €16,391 | €5,017 | €39,971 | -€19,209 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 21-04-2026 | micro format | 25-06-2026 | 2026-00218612 |
| 31-12-2025 | micro format | 26-03-2026 | 2026-00069123 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00479187 |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00366932 |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00324652 |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20305097 |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49900305 |
| 31-12-2019 | micro format | 23-09-2020 | 2020-55200508 |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47800061 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57800543 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.