AS DEV STACK
Annual accounts 2025
micro format, filed on 07-01-2026, 24 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €57,000 and €210,000.
Balance sheet
balance sheet total €116,807 on 30-06-2025Position in the sector
-80.4%
Higher than 7% of 4,365 companies in 2025.
0.75
Higher than 17% of 4,197 companies in 2025.
-37.0%
Higher than 7% of 4,227 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
116,807 | 99,940 | 74,992 | 81,014 | 43,086 | 35,186 | |
21/28 |
2,998 | 4,491 | 5,400 | 1,182 | 671 | 3,564 | |
22/27 |
2,773 | 4,266 | 5,175 | 957 | 446 | 3,339 | |
23 |
2,618 | 3,305 | 4,233 | - | - | 310 | |
24 |
155 | 960 | 942 | 957 | 446 | 3,029 | |
28 |
225 | 225 | 225 | 225 | 225 | 225 | |
29/58 |
113,809 | 95,450 | 69,592 | 79,832 | 42,415 | 31,621 | |
40/41 |
- | 505 | 3,619 | - | 8,065 | 24,061 | |
40 |
- | - | 787 | - | 7,713 | 23,861 | |
41 |
- | 505 | 2,833 | - | 352 | 200 | |
54/58 |
112,893 | 94,535 | 65,802 | 79,372 | 34,350 | 7,150 | |
490/1 |
916 | 410 | 171 | 461 | - | 410 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
116,807 | 99,940 | 74,992 | 81,014 | 43,086 | 35,186 | |
10/15 |
-93,906 | -79,512 | -12,385 | -8,506 | -43 | 3,458 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | |
11 |
- | 6,200 | 6,200 | 6,200 | - | - | |
1109/19 |
- | 6,200 | 6,200 | 6,200 | - | - | |
14 |
-100,106 | -85,712 | -18,585 | -14,706 | -6,243 | -2,742 | |
16 |
59,088 | - | - | - | - | - | |
160/5 |
59,088 | - | - | - | - | - | |
164/5 |
59,088 | - | - | - | - | - | |
17/49 |
151,625 | 179,452 | 87,377 | 89,520 | 43,128 | 31,728 | |
42/48 |
151,625 | 179,452 | 87,104 | 89,520 | 43,128 | 31,728 | |
44 |
765 | - | - | 2,859 | 8,834 | 776 | |
440/4 |
765 | - | - | 2,859 | 8,834 | 776 | |
45 |
5,993 | 5,930 | 1,280 | 5,862 | - | 6,712 | |
450/3 |
5,993 | 5,930 | 1,280 | 5,862 | - | 6,712 | |
47/48 |
144,868 | 173,523 | 85,825 | 80,798 | 34,295 | 24,240 | |
492/3 |
- | - | 273 | - | - | - | |
| Income statement | |||||||
9900 |
18,335 | 9,459 | -2,355 | 24,215 | 80 | 911 | |
630 |
1,461 | 1,455 | 666 | 261 | 590 | 3,325 | |
635/8 |
59,088 | - | - | - | - | - | |
640/8 |
387 | 371 | 348 | 352 | 118 | 84 | |
66A |
- | - | - | - | 2,682 | - | |
9901 |
-42,602 | 7,633 | -3,369 | 23,602 | -3,309 | -2,497 | |
75/76B |
88 | 70 | 155 | 99 | - | 34 | |
75 |
88 | 70 | 155 | 99 | - | 34 | |
65/66B |
425 | 74,830 | 665 | 32,164 | 191 | 278 | |
65 |
425 | 74,830 | 665 | 32,164 | 191 | 278 | |
9903 |
-42,940 | -67,127 | -3,879 | -8,463 | -3,501 | -2,742 | |
67/77 |
330 | - | - | - | - | - | |
9904 |
-43,270 | -67,127 | -3,879 | -8,463 | -3,501 | -2,742 | |
9905 |
-43,270 | -67,127 | -3,879 | -8,463 | -3,501 | -2,742 | |
| Appropriation of the result | |||||||
9906 |
-100,106 | -85,712 | -18,585 | -14,706 | -6,243 | -2,742 | |
14P |
-56,836 | -18,585 | -14,706 | - | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 07-01-2026 | 2026-00003160 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00027036 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00017764 | |
| 30-06-2021 | micro format | 28-02-2022 | 2022-06900031 | |
| 30-06-2020 | full format | 26-02-2021 | 2021-06600118 | |
| 30-06-2019 | micro format | 21-02-2020 | 2020-05500426 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| -41,141 | 9,088 | -2,703 | 23,863 | -2,719 | 828 | ||
| -41,808 | -65,672 | -3,213 | -8,202 | -2,911 | 583 | ||
| 679 | 545 | 4,885 | 772 | 378 | 6,890 | ||
| - | 28,733 | -13,570 | 45,022 | 27,199 | - | ||
| -37,816 | -84,002 | -17,512 | -9,688 | -713 | -106 | ||
| -80.4% | -79.6% | -16.5% | -10.5% | -0.1% | 9.8% | ||
| 0.75 | 0.53 | 0.80 | 0.89 | 0.98 | 1.00 | ||
| - | - | - | - | - | 9.17 | ||
| - | - | - | - | - | -79.3% | ||
| -37.0% | -67.2% | -5.2% | -10.4% | -8.1% | -7.8% | ||
| -96.69 | 0.12 | -4.07 | - | - | - |
EBIT margin: not included in this filing.
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 | 30-06-2025 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|
| Tangible fixed assets | €454 | €545 | €4,885 |
| Financial fixed assets | €225 | - | - |
| €1,461 | €1,455 | €666 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on AS DEV STACK
The operating result for 2025 is a loss of €42,602, against €7,633 in 2023. Comparable figures for the intervening years are unavailable.
Equity is negative. Debt (€151,625) exceeds the balance-sheet total (€116,807).