ARTICLE OSED
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 26 filings
Turnover
≈ €480,000
Estimated: probably between €320,000 and €740,000
Total assets
€446,761▼ 50.5%
2024 · €903,040
Net result
€126,967
2024 · -€40,097
Working capital
€612,513▼ 8.1%
2023 · €666,754
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€146,565
2025
20182025
Net result
€126,967
2025
20182025
Equity
€443,516
▲ 40.1%
2025
20182025
Total assets
€446,761
▼ 50.5%
2025
20182025
Debt
no figure
2025
20182025
Working capital
no figure
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€89,591-€43,099▼ 51.9%-€13,062€31,497€46,245▲ 46.8%€27,059▼ 41.5%-€46,892€146,565
Net result€75,075-€43,681▼ 41.8%€4,356▼ 90.0%€27,399▲ 529%€38,886▲ 41.9%€25,375▼ 34.7%-€40,097€126,967
Equity€216,948-€260,629▲ 20.1%€264,985▲ 1.7%€292,384▲ 10.3%€331,270▲ 13.3%€356,646▲ 7.7%€316,549▼ 11.2%€443,516▲ 40.1%
Total assets€895,403-€912,767▲ 1.9%€912,411=€929,678▲ 1.9%€969,387▲ 4.3%€918,446▼ 5.3%€903,040▼ 1.7%€446,761▼ 50.5%
Debt€251,503-€225,186▼ 10.5%€220,474▼ 2.1%€210,342▼ 4.6%€211,165▲ 0.4%€134,849▼ 36.1%€159,539▲ 18.3%
Working capital€552,342-€592,885▲ 7.3%€604,826▲ 2.0%€624,825▲ 3.3%€656,468▲ 5.1%€666,754▲ 1.6%€612,513▼ 8.1%
Staff (FTE)1-1=1=
The operating result for 2025 is a profit of €146,565, after a loss of €46,892 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Solvency
99.3%▲
2024 · 35.1%
ROE
28.6%▲
2024 · -12.7%
ROA
28.4%▲
2024 · -4.4%
Income taxes
€33,069▲
2024 · €140
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,384 | €21,396 | €5,550 | €23,595 | - |
| Depreciation and write-downs of the year | €13,951 | €15,677 | €15,146 | €14,700 | - |
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 | - | - | - | €1,597 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,351 | €20,860 | €17,894 | €13,951 | €15,677 | €15,146 | €14,700 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €3,245 | - |
| Other operating charges640/8 | - | - | - | €4,484 | €4,779 | €4,670 | €12,354 | €3,851 | ▼ 68.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €4,231 | - | €37,566 | - |
| Gross operating margin9900 | €149,855 | €102,998 | €21,239 | €49,933 | €66,701 | €51,106 | -€19,838 | €191,228 | - |
| Operating profit (loss)9901 | €89,591 | €43,099 | -€13,062 | €31,497 | €46,245 | €27,059 | -€46,892 | €146,565 | - |
| Financial income75/76B | - | - | - | €13,733 | €13,712 | €12,826 | €11,541 | €15,170 | ▲ 31.4% |
| Recurring financial income75 | €27,218 | €27,179 | €27,179 | €13,733 | €13,712 | €12,826 | €11,541 | €15,170 | ▲ 31.4% |
| Financial charges65/66B | - | - | - | €4,993 | €4,497 | €3,769 | €4,606 | €1,699 | ▼ 63.1% |
| Recurring financial charges65 | €8,915 | €7,708 | €5,716 | €4,993 | €4,497 | €3,769 | €4,606 | €1,699 | ▼ 63.1% |
| Profit (loss) for the period before taxes9903 | €107,895 | €62,570 | €8,400 | €40,237 | €55,460 | €36,116 | -€39,957 | €160,036 | - |
| Income taxes67/77 | €32,820 | €18,889 | €4,045 | €12,838 | €16,574 | €10,740 | €140 | €33,069 | ▲ 236× |
| Profit (loss) for the period9904 | €75,075 | €43,681 | €4,356 | €27,399 | €38,886 | €25,375 | -€40,097 | €126,967 | - |
| Profit (loss) for the period to be appropriated9905 | €75,075 | €43,681 | €4,356 | €27,399 | €38,886 | €25,375 | -€40,097 | €126,967 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €895,403 | €912,767 | €912,411 | €929,678 | €969,387 | €918,446 | €903,040 | €446,761 | ▼ 50.5% |
| Fixed assets21/28 | €234,334 | €221,244 | €206,821 | €198,056 | €203,291 | €193,695 | €178,995 | - | - |
| Tangible fixed assets22/27 | €225,460 | €212,371 | €197,948 | €189,183 | €194,418 | €184,822 | €170,122 | - | - |
| Land and buildings22 | - | - | - | €181,694 | €188,333 | €181,756 | €169,090 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,809 | €3,006 | €1,512 | €483 | - | - |
| Furniture and vehicles24 | - | - | - | €5,680 | €3,080 | €1,554 | €549 | - | - |
| Financial fixed assets28 | €8,873 | €8,873 | €8,873 | €8,873 | €8,873 | €8,873 | €8,873 | €0 | ▼ 100% |
| Current assets29/58 | €661,069 | €691,523 | €705,590 | €731,621 | €766,096 | €724,751 | €724,045 | €446,761 | ▼ 38.3% |
| Amounts receivable after more than one year29 | - | - | - | €443,000 | €443,000 | €373,000 | €373,000 | - | - |
| Other amounts receivable291 | - | - | - | €443,000 | €443,000 | €373,000 | €373,000 | - | - |
| Amounts receivable within one year40/41 | €37,222 | €36,920 | €3,064 | €25,058 | €11,038 | €10,515 | €8,060 | €309,000 | ▲ 38× |
| Trade receivables40 | - | - | - | €1,898 | €1,561 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €23,160 | €9,477 | €10,515 | €8,060 | €309,000 | ▲ 38× |
| Current investments50/53 | - | - | - | - | €29,825 | €29,825 | €29,825 | - | - |
| Cash at bank and in hand54/58 | €6,000 | €6,988 | €47,032 | €37,297 | €23,866 | €40,014 | €44,081 | €137,761 | ▲ 213% |
| Deferred charges and accrued income490/1 | - | - | - | €226,266 | €258,367 | €271,398 | €269,079 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €895,403 | €912,767 | €912,411 | €929,678 | €969,387 | €918,446 | €903,040 | €446,761 | ▼ 50.5% |
| Equity10/15 | €216,948 | €260,629 | €264,985 | €292,384 | €331,270 | €356,646 | €316,549 | €443,516 | ▲ 40.1% |
| Contributions10/11 | €12,392 | €12,392 | - | €12,392 | €12,392 | €12,392 | €12,392 | €12,392 | = |
| Reserves13 | €204,556 | €248,237 | €252,593 | €279,992 | €318,878 | €344,253 | €344,253 | €344,253 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €278,132 | €317,018 | €342,393 | €342,393 | €342,393 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€40,097 | €86,871 | - |
| Provisions and deferred taxes16 | €426,952 | €426,952 | €426,952 | €426,952 | €426,952 | €426,952 | €426,952 | €3,245 | ▼ 99.2% |
| Provisions for liabilities and charges160/5 | - | - | - | €426,952 | €426,952 | €426,952 | €426,952 | €3,245 | ▼ 99.2% |
| Pensions and similar obligations160 | - | - | - | €426,952 | €426,952 | €426,952 | €426,952 | - | - |
| Major repairs and maintenance162 | - | - | - | - | - | - | - | €3,245 | - |
| Amounts payable17/49 | €251,503 | €225,186 | €220,474 | €210,342 | €211,165 | €134,849 | €159,539 | - | - |
| Amounts payable after more than one year17 | €142,776 | €126,547 | €114,707 | €102,486 | €89,872 | €76,852 | €48,008 | - | - |
| Financial debts170/4 | - | - | - | €102,486 | €89,872 | €76,852 | €48,008 | - | - |
| Amounts payable within one year42/48 | €108,727 | €98,638 | €100,764 | €106,797 | €109,628 | €57,998 | €111,532 | - | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,838 | €18,667 | €23,104 | €10,174 | - | - |
| Financial debts43 | - | - | - | €1,571 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €1,571 | - | - | - | - | - |
| Trade debts44 | €8,910 | €35,385 | €10,028 | €12,113 | €5,592 | €14,173 | €25,744 | - | - |
| Suppliers440/4 | - | - | - | €12,113 | €5,592 | €14,173 | €25,744 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,401 | €5,289 | €5,289 | - | - | - |
| Taxes450/3 | - | - | - | €1,401 | €5,289 | €5,289 | - | - | - |
| Other amounts payable47/48 | - | - | - | €72,874 | €80,080 | €15,433 | €75,613 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,059 | €11,665 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,075 | €43,681 | €4,356 | €27,399 | €38,886 | €25,375 | -€40,097 | €126,967 | - |
| + Depreciation and write-downs630 | €19,351 | €20,860 | €17,894 | €13,951 | €15,677 | €15,146 | €14,700 | - | - |
| Operating cash flow (approximation) | €94,426 | €64,541 | €22,249 | €41,350 | €54,563 | €40,521 | -€25,397 | €126,967 | - |
| Investment in fixed assets (approximation) | - | -€7,770 | -€3,471 | -€5,186 | -€20,912 | -€5,550 | €0 | - | - |
| Change in cash | - | €988 | €40,044 | -€9,735 | -€13,431 | €16,148 | €4,067 | €93,680 | ▲ 23× |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-01-2026 | 2026-00029402 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00446941 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00506583 | |
| 31-12-2022 | micro format | 25-10-2023 | 2023-00495626 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20371757 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-74700515 | |
| 31-12-2019 | micro format | 22-10-2020 | 2020-63400489 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67400473 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62000493 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-39500525 |