Angle View
Annual accounts 2025
abbreviated format, filed on 28-09-2026, 59 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €8.4m on 31-12-2025in €m
in euro
Position in the sector
-10.5%
Higher than 10% of 11,297 companies in 2025.
0.02
Lower than 95% of 10,849 companies in 2025.
-24.5%
Lower than 95% of 11,182 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
8.4m | 10.2m | 10.6m | 13.9m | 14.4m | 17,118 | |
21/28 |
8.2m | 9.7m | 10.0m | 13.4m | 13.8m | - | |
22/27 |
8.2m | 9.7m | 10.0m | 13.4m | 13.8m | - | |
22 |
8.2m | 9.7m | 10.0m | 13.4m | 13.8m | - | |
29/58 |
160,312 | 469,998 | 559,989 | 446,374 | 637,657 | 17,118 | |
40/41 |
41,281 | 34,190 | 54,605 | 70,718 | 329,653 | 15,000 | |
40 |
3,424 | 63 | 20,478 | 36,591 | 295,525 | - | |
41 |
37,857 | 34,127 | 34,127 | 34,127 | 34,127 | 15,000 | |
54/58 |
102,716 | 431,625 | 501,064 | 366,069 | 304,565 | - | |
490/1 |
16,315 | 4,183 | 4,320 | 9,586 | 3,440 | 2,118 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
8.4m | 10.2m | 10.6m | 13.9m | 14.4m | 17,118 | |
10/15 |
-873,738 | 1.2m | -4.7m | -94,263 | -205,629 | -43,058 | |
10/11 |
7.1m | 7.1m | 15,000 | 15,000 | 15,000 | 15,000 | |
14 |
-8.0m | -5.9m | -4.7m | -109,263 | -220,629 | -58,058 | |
17/49 |
9.2m | 9.0m | 15.2m | 14.0m | 14.6m | 60,176 | |
17 |
2.6m | 8.5m | 14.2m | 13.6m | 13.8m | - | |
170/4 |
2.6m | 8.5m | 14.2m | 13.6m | 13.8m | - | |
42/48 |
6.5m | 346,285 | 818,535 | 371,840 | 333,341 | 60,176 | |
42 |
6.4m | 320,000 | 320,000 | 160,000 | 320,000 | - | |
44 |
43,258 | 26,285 | 14,468 | 31,869 | 13,341 | 53,597 | |
440/4 |
43,258 | 26,285 | 14,468 | 31,869 | 13,341 | 53,597 | |
47/48 |
- | - | 484,068 | 179,971 | - | 6,579 | |
492/3 |
140,571 | 200,001 | 218,243 | - | 494,849 | - | |
| Income statement | |||||||
9900 |
-143,547 | -167,164 | -70,971 | 1.1m | 821,464 | -57,041 | |
60/61 |
156,213 | 167,164 | - | - | - | - | |
630 |
1.5m | 279,706 | 3.5m | 373,702 | 360,890 | - | |
640/8 |
10,746 | 9,063 | 72,876 | 66,135 | 1,170 | 1,017 | |
9901 |
-1.7m | -455,933 | -3.7m | 614,124 | 459,405 | -58,058 | |
75/76B |
1,813 | - | 142 | 264 | - | - | |
75 |
1,813 | - | 142 | 264 | - | - | |
65/66B |
367,942 | 793,612 | 884,994 | 503,023 | 621,975 | - | |
65 |
367,942 | 793,612 | 884,994 | 503,023 | 621,975 | - | |
9903 |
-2.0m | -1.2m | -4.6m | 111,365 | -162,570 | -58,058 | |
9904 |
-2.0m | -1.2m | -4.6m | 111,365 | -162,570 | -58,058 | |
9905 |
-2.0m | -1.2m | -4.6m | 111,365 | -162,570 | -58,058 | |
| Appropriation of the result | |||||||
9906 |
-8.0m | -5.9m | -4.7m | -109,263 | -220,629 | -58,058 | |
14P |
-5.9m | -4.7m | -109,263 | -220,629 | -58,058 | - | |
| Document | |||||||
The notes to these accounts have 7 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 28-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00531913.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-09-2026 | 2026-00531913 | |
| 31-12-2024 | abbreviated format | 01-09-2025 | 2025-00479962 | |
| 31-12-2023 | abbreviated format | 13-08-2024 | 2024-00346713 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00433769 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20275236 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44700423 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -154,293 | -176,227 | -143,847 | 987,827 | 820,295 | - | ||
| -520,422 | -969,839 | -1.0m | 485,068 | 198,319 | - | ||
| 6,944 | 0 | 108,098 | 0 | 14.2m | - | ||
| -328,909 | -69,439 | 134,995 | 61,505 | - | - | ||
| -6.3m | 123,713 | -258,546 | 74,534 | 304,316 | -43,058 | ||
| -10.5% | 11.5% | -44.1% | -0.7% | -1.4% | -251.5% | ||
| 0.02 | 1.36 | 0.68 | 1.20 | 1.91 | 0.28 | ||
| - | 7.68 | - | - | - | - | ||
| - | -106.4% | - | - | - | - | ||
| -24.5% | -12.3% | -43.2% | 0.8% | -1.1% | -339.2% | ||
| -0.42 | -0.22 | -0.16 | 1.96 | 1.32 | - | ||
| 101 days | 57 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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | €10.4m | - | - |
| Carrying value of the mortgaged assets | - | - | €10.0m | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,944 | - | €108,098 | - | €14.2m |
| €1.5m | €279,706 | €3.5m | €373,702 | €360,890 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Angle View
The operating result for 2025 is a loss of €1.7m, larger than the loss of €455,933 in 2024.
Equity is negative. Debt (€9.2m) exceeds the balance-sheet total (€8.4m).