Beyond Complexity
Annual accounts 2025
micro format, filed on 20-03-2026, 133 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €25,000. Estimated: probably between €12,000 and €50,000.
Balance sheet
balance sheet total €30,720 on 31-12-2025in euro
in euro
Position in the sector
-241.8%
Lower than 95% of 41,211 companies in 2025.
0.29
Higher than 7% of 39,782 companies in 2025.
2.5%
Higher than 26% of 40,303 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
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 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
30,720 | 32,678 | 10,947 | 49,836 | |
21/28 |
582 | 3,580 | 6,775 | 4,126 | |
22/27 |
582 | 3,580 | 6,775 | 4,126 | |
24 |
582 | 3,580 | 6,775 | 4,126 | |
29/58 |
30,137 | 29,099 | 4,171 | 45,710 | |
40/41 |
3,558 | 542 | 1,228 | 14,426 | |
40 |
555 | - | - | 8,886 | |
41 |
3,003 | 542 | 1,228 | 5,540 | |
54/58 |
26,222 | 28,556 | 2,943 | 10,739 | |
490/1 |
357 | - | - | 20,545 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
30,720 | 32,678 | 10,947 | 49,836 | |
10/15 |
-74,295 | -75,068 | -116,813 | -92,980 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | |
14 |
-75,295 | -76,068 | -117,813 | -93,980 | |
17/49 |
105,014 | 107,747 | 127,759 | 142,816 | |
42/48 |
105,014 | 107,747 | 127,759 | 142,816 | |
44 |
1,459 | 2,687 | 735 | 7,337 | |
440/4 |
1,459 | 2,687 | 735 | 7,337 | |
45 |
- | - | 8,221 | 4,271 | |
450/3 |
- | - | 97 | - | |
454/9 |
- | - | 8,125 | 4,271 | |
47/48 |
103,555 | 105,059 | 118,803 | 131,207 | |
| Income statement | |||||
9900 |
5,428 | 100,414 | 148,122 | -51,780 | |
62 |
- | 52,942 | 167,897 | 36,956 | |
630 |
1,913 | 2,621 | 3,091 | 1,152 | |
640/8 |
1,756 | 2,231 | 499 | 928 | |
9901 |
1,759 | 42,620 | -23,364 | -90,815 | |
75/76B |
- | - | 20 | - | |
75 |
- | - | 20 | - | |
65/66B |
385 | 876 | 488 | 3,165 | |
65 |
385 | 876 | 488 | 3,165 | |
9903 |
1,374 | 41,744 | -23,833 | -93,980 | |
67/77 |
600 | - | - | - | |
9904 |
774 | 41,744 | -23,833 | -93,980 | |
9905 |
774 | 41,744 | -23,833 | -93,980 | |
| Appropriation of the result | |||||
9906 |
-75,295 | -76,068 | -117,813 | -93,980 | |
14P |
-76,068 | -117,813 | -93,980 | - | |
| Social balance sheet | |||||
9087 |
- | 0.5 | 2 | 0.6 | |
Hours worked1013 |
- | 912 | 3,564 | 1,056 | |
| Document | |||||
The notes to these accounts have 6 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 20-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 3,672 | 45,241 | -20,274 | -89,663 | ||
| 2,687 | 44,365 | -20,742 | -92,828 | ||
| -1,084 | 1,269 | 5,740 | 5,278 | ||
| -2,334 | 25,613 | -7,796 | - | ||
| -74,877 | -78,648 | -123,588 | -97,106 | ||
| -241.8% | -229.7% | - | -186.6% | ||
| 0.29 | 0.27 | 0.03 | 0.32 | ||
| 2.5% | 127.7% | -217.7% | -188.6% | ||
| 9.54 | 51.64 | -41.51 | -28.33 |
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 2 | 2 |
| full-time | - | 2 | 2 |
| part-time | - | - | 0 |
| in full-time equivalents | - | 2 | 2 |
| 0.5 | 2 | 0.6 | |
| On a permanent contract | - | 2 | 2 |
| Joined | 0 | - | 2 |
| Left | 2 | - | 0 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,269 | €5,740 | €5,278 |
| €1,913 | €2,621 | €3,091 | €1,152 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Beyond Complexity
The operating result for 2025 is 96% lower than in 2024.
Equity is negative. Debt (€105,014) exceeds the balance-sheet total (€30,720).