AR-BOR
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €6,153 on 31-12-2025in euro
in euro
Staff
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 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
6,153 | 7,634 | 10,061 | 15,838 | 119,402 | 156,866 | 240,313 | 313,710 | 193,079 | 156,488 | 129,924 | 168,035 | 180,234 | 181,640 | 185,893 | 126,966 | 115,930 | 121,699 | 123,237 | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
0 | 42 | 283 | 798 | 5,970 | 4,956 | 1,094 | 0 | 37,327 | 46,911 | 60,644 | 82,157 | 108,869 | 138,963 | 167,989 | 95,364 | 86,201 | 96,003 | 108,170 | |
21 |
- | - | - | - | - | - | - | 0 | 30,000 | 40,000 | 50,000 | 73,000 | 95,000 | 117,000 | 139,000 | 61,000 | 73,000 | 85,000 | 97,000 | |
22/27 |
0 | 42 | 283 | 798 | 5,970 | 4,956 | 1,094 | 0 | 7,327 | 6,911 | 10,644 | 9,157 | 13,869 | 21,963 | 28,989 | 34,364 | 13,201 | 11,003 | 11,170 | |
22 |
- | - | - | 0 | 3,686 | 4,136 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | - | - | 0 | 7,121 | 4,394 | 5,816 | 3,627 | 2,065 | 3,452 | 3,453 | 4,532 | 7,708 | 11,003 | 11,170 | |
24 |
0 | 42 | 283 | 798 | 2,284 | 820 | 1,094 | 0 | - | 1,650 | 3,300 | 159 | 318 | 910 | 1,820 | - | - | - | - | |
26 |
- | - | - | - | - | - | - | 0 | 207 | 867 | 1,528 | 2,189 | 2,850 | 3,510 | 4,171 | 4,832 | 5,493 | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
6,153 | 7,592 | 9,777 | 15,040 | 113,432 | 151,910 | 239,220 | 313,710 | 155,752 | 109,577 | 69,280 | 85,878 | 71,365 | 42,677 | 17,904 | 31,602 | 29,729 | 25,696 | 15,067 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
3,250 | 2,550 | 2,606 | 4,806 | 100,847 | 150,669 | 62,506 | 54,506 | 47,229 | 44,910 | 50,008 | 39,466 | 59,558 | 28,004 | 11,338 | 23,990 | 23,120 | 21,962 | 1,611 | |
40 |
3,250 | 2,550 | 300 | 0 | 8,005 | 54,506 | 54,506 | 54,506 | 20,007 | 20,007 | 20,007 | 20,332 | 42,048 | 28,004 | 1,332 | 18,986 | 17,172 | 21,962 | 1,611 | |
41 |
- | 0 | 2,306 | 4,806 | 92,842 | 96,162 | 8,000 | 0 | 27,222 | 24,903 | 30,001 | 19,134 | 17,509 | - | 10,006 | 5,004 | 5,948 | - | - | |
50/53 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
5 | 13 | 4 | 2,147 | 272 | 1,241 | 87,445 | 258,357 | 101,118 | 62,347 | 18,528 | 41,080 | 8,331 | 10,680 | 6,280 | 205 | 3,609 | 734 | 12,771 | |
490/1 |
2,898 | 5,028 | 7,167 | 8,086 | 12,313 | 0 | 89,269 | 847 | 7,405 | 2,321 | 745 | 5,332 | 3,476 | 3,994 | 285 | 7,406 | 3,000 | 3,000 | 685 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
6,153 | 7,634 | 10,061 | 15,838 | 119,402 | 156,866 | 240,313 | 313,710 | 193,079 | 156,488 | 129,924 | 168,035 | 180,234 | 181,640 | 185,893 | 126,966 | 115,930 | 121,699 | 123,237 | |
10/15 |
-76,487 | -70,447 | -34,322 | -11,075 | 24,217 | 68,603 | 106,223 | 120,856 | 48,501 | 50,607 | 26,967 | 26,560 | 25,173 | 3,954 | -24,953 | -13,967 | 16,240 | 10,689 | 8,879 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
47,711 | 47,711 | 47,711 | 47,711 | 47,711 | 47,711 | 47,711 | 47,711 | 47,711 | 47,711 | 32,154 | 32,154 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
47,711 | 47,711 | 47,711 | 45,851 | 45,851 | 45,851 | 45,851 | 45,851 | 45,851 | 45,851 | 30,294 | 30,294 | - | - | - | - | - | - | - | |
14 |
-130,398 | -124,358 | -88,233 | -64,986 | -29,694 | 14,692 | 52,312 | 66,945 | -5,410 | -3,305 | -11,388 | -11,794 | 17,113 | -4,106 | -33,013 | -22,027 | 8,180 | 2,629 | 819 | |
15 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
82,640 | 78,081 | 44,383 | 26,912 | 95,185 | 88,263 | 134,090 | 192,854 | 144,578 | 105,882 | 102,958 | 141,474 | 155,061 | 177,687 | 210,846 | 140,933 | 99,691 | 111,010 | 114,358 | |
17 |
- | - | - | - | - | - | 0 | 22,238 | 44,576 | 44,576 | 55,044 | 72,634 | 100,127 | 126,786 | 153,522 | 77,884 | 68,628 | 91,233 | 101,803 | |
170/4 |
- | - | - | - | - | - | 0 | 22,238 | 44,576 | 44,576 | 55,044 | 72,634 | 100,127 | 126,786 | 153,522 | 77,884 | 68,628 | 91,233 | 101,803 | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
82,640 | 78,081 | 44,383 | 26,912 | 95,185 | 88,263 | 134,090 | 170,617 | 100,002 | 61,306 | 46,972 | 67,255 | 54,934 | 50,901 | 57,324 | 63,048 | 31,063 | 19,777 | 12,555 | |
42 |
- | 0 | 855 | 845 | 798 | - | 0 | 11,410 | 6,228 | 13,859 | 16,187 | 28,522 | 29,415 | 28,037 | 27,859 | 17,897 | 11,554 | 833 | 5,834 | |
43 |
20,437 | 19,130 | 17,545 | 20,110 | 13,696 | 2,978 | - | 0 | - | - | - | - | - | - | - | 27,342 | 8,106 | 9,780 | - | |
430/8 |
20,437 | 19,130 | 17,545 | 20,110 | 13,696 | 2,978 | - | 0 | - | - | - | - | - | - | - | 27,342 | 8,106 | 9,780 | - | |
439 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
2,428 | 3,193 | 3,011 | 5,191 | 691 | 5,285 | 4,991 | 3,371 | 59,483 | 35,169 | 24,248 | 22,891 | 10,246 | 3,234 | 8,780 | 4,780 | 793 | 5,528 | 6,314 | |
440/4 |
2,428 | 3,193 | 3,011 | 5,191 | 691 | 5,285 | 4,991 | 3,371 | 59,483 | 35,169 | 24,248 | 22,891 | 10,246 | 3,234 | 8,780 | 4,780 | 793 | 5,528 | 6,314 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
46 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
45 |
120 | 281 | 1,209 | - | - | 0 | 3,959 | 35,836 | 34,291 | 12,277 | 6,537 | 15,843 | 15,273 | 15,175 | 10,330 | 12,758 | 10,610 | 1,250 | 407 | |
450/3 |
120 | 281 | 222 | - | - | - | 0 | 19,091 | 4,998 | 3,419 | - | 3,029 | 2,946 | 4,336 | - | 4,350 | 10,610 | 1,250 | - | |
454/9 |
- | 0 | 987 | - | - | 0 | 3,959 | 16,745 | 29,293 | 8,858 | 6,537 | 12,813 | 12,327 | 10,839 | 10,330 | 8,408 | - | - | 407 | |
47/48 |
59,655 | 55,476 | 21,761 | 766 | 80,000 | 80,000 | 125,140 | 120,000 | - | - | - | - | - | 4,454 | 10,355 | 271 | - | 2,386 | - | |
492/3 |
- | - | - | - | - | - | - | 0 | - | - | 941 | 1,586 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | 0 | 1,434 | 24,606 | - | - | 0 | - | - | 4,069 | - | - | - | - | - | - | 681 | - | |
9900 |
-10 | -30,570 | -17,255 | -31,009 | -39,847 | -33,011 | -30,215 | 335,756 | 98,126 | 111,838 | 140,441 | 146,409 | 176,312 | 179,896 | 95,346 | 55,569 | 90,140 | 71,483 | 122,188 | |
62 |
- | - | - | 0 | 140 | 2,059 | -10,702 | 79,763 | 80,712 | 58,051 | 100,979 | 101,144 | 100,533 | 90,648 | 65,170 | 59,322 | 53,546 | 43,024 | 71,606 | |
630 |
42 | 241 | 515 | 515 | 2,535 | 637 | 273 | 11,728 | 14,194 | 13,733 | 30,509 | 29,112 | 30,572 | 30,413 | 30,274 | 18,110 | 16,018 | 17,666 | 32,320 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,402 | 1,404 | 1,814 | 1,307 | 4,925 | 804 | 1,788 | 350 | 1,973 | 2,825 | 2,231 | 2,782 | 2,954 | 3,118 | 2,923 | 1,641 | 846 | 1,516 | 4,502 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
66A |
- | - | - | - | - | - | 0 | 25,600 | - | - | - | - | - | - | - | - | 2,471 | - | - | |
9901 |
-1,454 | -32,215 | -19,583 | -32,831 | -47,447 | -36,512 | -21,575 | 218,315 | 1,248 | 37,229 | 6,723 | 13,371 | 42,254 | 55,718 | -3,021 | -23,503 | 19,729 | 9,277 | 13,760 | |
75/76B |
- | - | 0 | 469 | 4,513 | 47 | 3 | 24 | 2,231 | 22 | 93 | 1,664 | 1,086 | 90 | 16 | 32 | 319 | 43 | 162 | |
75 |
- | - | 0 | 469 | 4,513 | 47 | 3 | 24 | 2,231 | 22 | 93 | 1,664 | 1,086 | 90 | 16 | 32 | 319 | 43 | 162 | |
76B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
4,180 | 3,651 | 3,442 | 2,735 | 1,452 | 1,155 | 785 | 3,887 | 586 | 3,355 | 4,631 | 6,037 | 8,870 | 10,206 | 7,956 | 5,857 | 4,906 | 5,065 | 11,243 | |
65 |
4,180 | 3,651 | 3,442 | 2,735 | 1,452 | 1,155 | 785 | 3,887 | 586 | 3,355 | 4,631 | 6,037 | 8,870 | 10,206 | 7,956 | 5,857 | 4,906 | 5,065 | 11,243 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-5,634 | -35,866 | -23,025 | -35,098 | -44,386 | -37,620 | -22,358 | 214,452 | 2,893 | 33,896 | 6,254 | 8,998 | 34,470 | 45,603 | -10,961 | -29,328 | 12,671 | 4,936 | 2,679 | |
67/77 |
406 | 259 | 222 | 194 | 0 | 0 | -7,724 | 22,097 | 4,998 | 10,256 | 5,848 | 7,610 | 13,251 | 16,696 | 25 | 879 | 7,121 | 3,127 | - | |
9904 |
-6,040 | -36,125 | -23,247 | -35,292 | -44,386 | -37,620 | -14,633 | 192,355 | -2,105 | 23,640 | 406 | 1,387 | 21,219 | 28,907 | -10,986 | -30,207 | 5,550 | 1,809 | 2,679 | |
789 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-6,040 | -36,125 | -23,247 | -35,292 | -44,386 | -37,620 | -14,633 | 192,355 | -2,105 | 23,640 | 406 | 1,387 | 21,219 | 28,907 | -10,986 | -30,207 | 5,550 | 1,809 | 2,679 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-130,398 | -124,358 | -88,233 | -64,986 | -29,694 | 14,692 | 52,312 | 186,945 | -5,410 | 12,252 | -11,388 | 18,500 | 17,113 | -4,106 | -33,013 | -22,027 | 8,180 | 2,629 | 2,679 | |
14P |
-124,358 | -88,233 | -64,986 | -29,694 | 14,692 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 0 | - | 15,557 | - | 30,294 | - | - | - | - | - | - | 1,860 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | 0 | - | 15,557 | - | 30,294 | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | 0 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 0 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | 1.3 | - | - | 1.9 | 2 | 2 | 2 | 1.6 | 1.4 | 1.3 | 1.2 | 1.1 | |
Hours worked1013 |
- | - | - | - | - | - | - | 2,445 | - | - | 3,404 | 3,435 | 3,329 | 3,595 | 2,974 | 2,614 | 2,330 | 1,869 | 1,831 | |
| Document | ||||||||||||||||||||
The notes to these accounts have 4 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 30-07-2026.
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 | 30-07-2026 | 2026-00355370 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00411202 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00383412 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00436147 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20462155 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-73700064 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-64900530 | |
| 31-12-2018 | micro format | 23-10-2019 | 2019-70900565 | |
| 31-12-2017 | micro format | 23-10-2019 | 2019-70900564 | |
| 31-12-2016 | micro format | 26-09-2017 | 2017-63600150 | |
| 31-12-2015 | abbreviated format | 04-08-2016 | 2016-40300226 | |
| 31-12-2014 | abbreviated format | 01-07-2015 | 2015-26200178 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55300544 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-52800174 | |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-50800133 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-52800414 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-51200489 | |
| 31-12-2008 | abbreviated format | 29-08-2009 | 2009-67300035 | |
| 31-12-2007 | abbreviated format | 04-06-2008 | 2008-17600122 |
Subsidies and aid
Flemish government 2024 to 2025, 2 entries, €12,489 awarded, €12,489 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €10,021 | €10,021 |
| 2024 | 1 | €2,468 | €2,468 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,412 | -31,974 | -19,068 | -32,317 | -44,912 | -35,874 | -21,302 | 230,043 | 15,442 | 50,962 | 37,232 | 42,482 | 72,826 | 86,131 | 27,253 | -5,393 | 35,747 | 26,943 | 46,080 | ||
| -5,998 | -35,884 | -22,733 | -34,777 | -41,852 | -36,982 | -14,360 | 204,082 | 12,089 | 37,373 | 30,915 | 30,499 | 51,791 | 59,319 | 19,288 | -12,097 | 21,569 | 19,475 | 34,999 | ||
| 0 | 0 | 0 | -4,657 | 2,797 | 4,500 | 0 | -25,600 | 4,610 | 0 | 32,200 | 2,400 | 477 | 1,387 | 102,899 | 27,273 | 6,217 | 5,499 | 140,490 | ||
| -8 | 9 | -2,143 | 1,875 | -969 | -86,204 | -170,913 | 157,239 | 38,771 | 43,819 | -22,553 | 32,749 | -2,348 | 4,400 | 6,075 | -3,404 | 2,875 | -12,037 | - | ||
| -76,487 | -70,489 | -34,605 | -11,873 | 18,247 | 63,647 | 105,129 | 143,094 | 55,750 | 48,272 | 22,308 | 18,623 | 16,431 | -8,224 | -39,420 | -31,447 | -1,334 | 5,919 | 2,512 | ||
| - | -922.8% | -341.1% | -69.9% | 20.3% | 43.7% | 44.2% | 38.5% | 25.1% | 32.3% | 20.8% | 15.8% | 14.0% | 2.2% | -13.4% | -11.0% | 14.0% | 8.8% | 7.2% | ||
| 0.07 | 0.10 | 0.22 | 0.56 | 1.19 | 1.72 | 1.78 | 1.84 | 1.56 | 1.79 | 1.47 | 1.28 | 1.30 | 0.84 | 0.31 | 0.50 | 0.96 | 1.30 | 1.20 | ||
| - | - | - | - | 3.93 | 1.29 | 1.26 | 1.60 | 2.98 | 2.09 | 3.82 | 5.33 | 6.16 | 44.94 | - | - | 6.14 | 10.39 | 12.88 | ||
| - | - | - | - | -183.3% | -54.8% | -13.8% | 159.2% | -4.3% | 46.7% | 1.5% | 5.2% | 84.3% | 731.2% | - | - | 34.2% | 16.9% | 30.2% | ||
| -98.2% | -473.2% | -231.1% | -222.8% | -37.2% | -24.0% | -6.1% | 61.3% | -1.1% | 15.1% | 0.3% | 0.8% | 11.8% | 15.9% | -5.9% | -23.8% | 4.8% | 1.5% | 2.2% | ||
| -0.34 | -8.76 | -5.54 | -11.81 | -30.93 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €6,153, equity -€76,487).
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €2,797 |
| €42 | €241 | €515 | €515 | €2,535 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on AR-BOR
The operating result for 2025 is a loss of €1,454, smaller than the loss of €32,215 in 2024.
Equity is negative. Debt (€82,640) exceeds the balance-sheet total (€6,153).