AVG PROJECTS
InactiveFinancials · financial year 2026, micro format
Equity
€0▼ 100%
2025 · €75,361
Total assets
€44,184▼ 45.8%
2025 · €81,594
Net result
-€1,656▲ 62.1%
2025 · -€4,370
Working capital
€0▼ 100%
2025 · €80,761
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 9 financial years
The operating result stays negative: a loss of €1,615 in 2026 against €6,585 in 2025; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,615
2026
Net result-€1,656
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€44,184
2026
Equity€0
2026
Debt€44,184
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0
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€14,048-€24,044▲ 71.2%€13,874▼ 42.3%€16,096▲ 16.0%€20,151▲ 25.2%€20,484▲ 1.6%€12,213▼ 40.4%-€6,585-€1,615▲ 75.5%
Net result€7,910-€10,491▲ 32.6%€8,362▼ 20.3%€8,821▲ 5.5%€11,558▲ 31.0%€12,396▲ 7.2%€7,644▼ 38.3%-€4,370-€1,656▲ 62.1%
Equity€110,615-€38,861▼ 64.9%€47,223▲ 21.5%€56,043▲ 18.7%€67,601▲ 20.6%€79,996▲ 18.3%€79,731▼ 0.3%€75,361▼ 5.5%€0▼ 100%
Total assets€299,512-€111,846▼ 62.7%€102,367▼ 8.5%€108,565▲ 6.1%€123,118▲ 13.4%€87,012▼ 29.3%€84,933▼ 2.4%€81,594▼ 3.9%€44,184▼ 45.8%
Debt€188,898-€72,985▼ 61.4%€55,144▼ 24.4%€52,522▼ 4.8%€55,517▲ 5.7%€7,016▼ 87.4%€5,202▼ 25.8%€1,333▼ 74.4%€44,184▲ 33×
Working capital€135,850--€38,178-€18,437▲ 51.7%-€6,394▲ 65.3%€8,215€28,741▲ 250%€30,149▲ 4.9%€80,761▲ 168%€0▼ 100%
Turnover and EBIT margin not published: the micro format does not require them.
Key figures and ratios
Solvency
0.0%▼
2025 · 92.4%
Current ratio
1.00▼
2025 · 97.92
ROA
-3.7%▲
2025 · -5.4%
Debt ≤ 1 year
€44,184▲
2025 · €833
Income taxes
€0▼
2025 · €126
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,454 | €7,555 | €7,555 | €7,555 | €7,927 | €8,131 | €576 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €3,421 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €950 | €577 | €778 | €963 | €571 | €150 | ▼ 73.7% |
| Gross operating margin9900 | €19,985 | €32,112 | €22,677 | €24,600 | €28,656 | €29,393 | €13,752 | -€2,594 | -€1,465 | ▲ 43.5% |
| Operating profit (loss)9901 | €14,048 | €24,044 | €13,874 | €16,096 | €20,151 | €20,484 | €12,213 | -€6,585 | -€1,615 | ▲ 75.5% |
| Financial income75/76B | - | - | - | €2 | €0 | €0 | - | €47,926 | €0 | ▼ 100% |
| Recurring financial income75 | €4 | - | €3 | €2 | €0 | €0 | - | €47,926 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €1,564 | €1,694 | €728 | €260 | €45,585 | €41 | ▼ 99.9% |
| Recurring financial charges65 | €2,858 | €2,093 | €1,440 | €1,564 | €1,694 | €728 | €260 | €45,585 | €41 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | €11,194 | €21,950 | €12,437 | €14,533 | €18,457 | €19,756 | €11,953 | -€4,244 | -€1,656 | ▲ 61.0% |
| Income taxes67/77 | €3,284 | €11,459 | €4,075 | €5,713 | €6,900 | €7,360 | €4,309 | €126 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7,910 | €10,491 | €8,362 | €8,821 | €11,558 | €12,396 | €7,644 | -€4,370 | -€1,656 | ▲ 62.1% |
| Profit (loss) for the period to be appropriated9905 | €7,910 | €10,491 | €8,362 | €8,821 | €11,558 | €12,396 | €7,644 | -€4,370 | -€1,656 | ▲ 62.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €299,512 | €111,846 | €102,367 | €108,565 | €123,118 | €87,012 | €84,933 | €81,594 | €44,184 | ▼ 45.8% |
| Fixed assets21/28 | €55,358 | €80,221 | €72,665 | €65,110 | €60,064 | €51,934 | €51,357 | €0 | - | - |
| Tangible fixed assets22/27 | €5,358 | €30,221 | €22,665 | €15,110 | €10,064 | €1,933 | €1,356 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €551 | €429 | €308 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €15,110 | €9,513 | €1,503 | €1,049 | €0 | - | - |
| Financial fixed assets28 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,001 | €50,001 | €0 | - | - |
| Current assets29/58 | €244,155 | €31,625 | €29,702 | €43,455 | €63,055 | €35,079 | €33,575 | €81,594 | €44,184 | ▼ 45.8% |
| Stocks and contracts in progress3 | €235,984 | - | - | €3,029 | €4,247 | €3,188 | €3,421 | €0 | - | - |
| Stocks30/36 | - | - | - | €3,029 | €4,247 | €3,188 | €3,421 | €0 | - | - |
| Amounts receivable within one year40/41 | €2,518 | €1,961 | €8,841 | €9,150 | €7,740 | €10,700 | €12,666 | €33,922 | €6,015 | ▼ 82.3% |
| Trade receivables40 | - | - | - | €9,150 | €7,740 | €7,498 | €0 | €102 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | - | €3,202 | €12,666 | €33,821 | €6,015 | ▼ 82.2% |
| Cash at bank and in hand54/58 | €5,449 | €24,068 | €20,712 | €31,112 | €50,904 | €21,021 | €15,671 | €47,672 | €38,169 | ▼ 19.9% |
| Deferred charges and accrued income490/1 | - | - | - | €164 | €164 | €170 | €1,818 | €0 | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €299,512 | €111,846 | €102,367 | €108,565 | €123,118 | €87,012 | €84,933 | €81,594 | €44,184 | ▼ 45.8% |
| Equity10/15 | €110,615 | €38,861 | €47,223 | €56,043 | €67,601 | €79,996 | €79,731 | €75,361 | €0 | ▼ 100% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €0 | ▼ 100% |
| Reserves13 | €92,015 | €20,261 | €28,623 | €37,443 | €49,001 | €61,396 | €61,131 | €59,271 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €37,443 | €49,001 | €61,396 | €61,131 | €59,271 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | -€2,510 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €4,900 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €4,900 | €0 | ▼ 100% |
| Environmental obligations163 | - | - | - | - | - | - | - | €4,900 | €0 | ▼ 100% |
| Amounts payable17/49 | €188,898 | €72,985 | €55,144 | €52,522 | €55,517 | €7,016 | €5,202 | €1,333 | €44,184 | ▲ 33× |
| Amounts payable after more than one year17 | €80,593 | €3,182 | €6,604 | €512 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €512 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €108,305 | €69,803 | €48,138 | €49,849 | €54,839 | €6,338 | €3,426 | €833 | €44,184 | ▲ 53× |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,091 | €512 | €0 | - | - | - | - |
| Financial debts43 | - | - | - | €833 | €833 | €833 | €833 | €833 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €833 | €833 | €833 | €833 | €833 | €0 | ▼ 100% |
| Trade debts44 | €541 | €38,912 | €48 | €215 | €1,761 | €194 | €1,093 | €0 | - | - |
| Suppliers440/4 | - | - | - | €215 | €1,761 | €194 | €1,093 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €6,403 | €6,708 | €5,309 | €1,500 | €0 | - | - |
| Taxes450/3 | - | - | - | €6,403 | €6,708 | €5,309 | €1,500 | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €36,307 | €45,025 | €1 | €0 | - | €44,184 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,161 | €678 | €678 | €1,776 | €500 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,910 | €10,491 | €8,362 | €8,821 | €11,558 | €12,396 | €7,644 | -€4,370 | -€1,656 | ▲ 62.1% |
| + Depreciation and write-downs630 | €5,454 | €7,555 | €7,555 | €7,555 | €7,927 | €8,131 | €576 | €0 | - | - |
| Operating cash flow (approximation) | €13,364 | €18,046 | €15,917 | €16,376 | €19,485 | €20,527 | €8,220 | -€4,370 | -€1,656 | ▲ 62.1% |
| Investment in fixed assets (approximation) | - | -€32,418 | €0 | -€0 | -€2,880 | -€1 | €0 | €51,357 | - | - |
| Change in cash | - | €18,619 | -€3,356 | €10,400 | €19,792 | -€29,883 | -€5,350 | €32,001 | -€9,503 | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 25-03-2026 | micro format | 13-07-2026 | 2026-00284649 |
| 31-12-2025 | micro format | 02-03-2026 | 2026-00047235 |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00168202 |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00210943 |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00179299 |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20080798 |
| 31-12-2020 | micro format | 23-06-2021 | 2021-23200438 |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43700522 |
| 31-12-2018 | micro format | 21-06-2019 | 2019-20900387 |
| 31-12-2017 | micro format | 22-06-2018 | 2018-21500243 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.