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InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00418265.
Equity
€117,453▲ 4.6%
2024 · €112,303
Total assets
€127,365▲ 10.3%
2024 · €115,503
Net result
€5,149
2024 · -€4,182
Working capital
€122,452▲ 19.6%
2024 · €102,398
Trend over the years
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €5,957 after a loss of €4,458 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,957
2025
Net result€5,149
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€127,365
2025
Equity€117,453
2025
Debt€4,922
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€122,452
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€7,649--€4,458▲ 41.7%€5,957
Net result-€8,100--€4,182▲ 48.4%€5,149
Equity€116,486-€112,303▼ 3.6%€117,453▲ 4.6%
Total assets€124,067-€115,503▼ 6.9%€127,365▲ 10.3%
Debt€7,582-€3,200▼ 57.8%€4,922▲ 53.8%
Working capital€113,345-€102,398▼ 9.7%€122,452▲ 19.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €127,365
Equity
€117,453 ▲ 4.6%
Provisions
€4,991
Debt
€4,922 ▲ 53.8%
Debt's share of the balance-sheet total rises from 2.8% to 3.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
25.92▼
2024 · 33.00
Debt to equity
0.04▲
2024 · 0.03
ROE
4.4%▲
2024 · -3.7%
ROA
4.0%▲
2024 · -3.6%
Debt ≤ 1 year
€4,914▲
2024 · €3,200
Income taxes
€114▲
2024 · €55
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,995 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,395 | €3,394 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €371 | -€743 | - |
| Other operating charges640/8 | €683 | €505 | €648 | ▲ 28.3% |
| Gross operating margin9900 | -€5,571 | -€188 | €5,862 | - |
| Operating profit (loss)9901 | -€7,649 | -€4,458 | €5,957 | - |
| Financial income75/76B | - | €611 | €674 | ▲ 10.3% |
| Recurring financial income75 | - | €611 | €674 | ▲ 10.3% |
| Financial charges65/66B | €100 | €280 | €1,367 | ▲ 388% |
| Recurring financial charges65 | €100 | €280 | €66 | ▼ 76.3% |
| Non-recurring financial charges66B | - | - | €1,301 | - |
| Profit (loss) for the period before taxes9903 | -€7,749 | -€4,128 | €5,263 | - |
| Income taxes67/77 | €351 | €55 | €114 | ▲ 109% |
| Profit (loss) for the period9904 | -€8,100 | -€4,182 | €5,149 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,100 | -€4,182 | €5,149 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €124,067 | €115,503 | €127,365 | ▲ 10.3% |
| Fixed assets21/28 | €3,141 | €9,905 | - | - |
| Tangible fixed assets22/27 | €3,141 | €9,905 | - | - |
| Furniture and vehicles24 | €1,396 | €8,662 | - | - |
| Other tangible fixed assets26 | €1,744 | €1,243 | - | - |
| Current assets29/58 | €120,926 | €105,598 | €127,365 | ▲ 20.6% |
| Stocks and contracts in progress3 | €371 | - | - | - |
| Stocks30/36 | €371 | - | - | - |
| Amounts receivable within one year40/41 | €7,639 | €4,271 | €26,214 | ▲ 514% |
| Trade receivables40 | €2,939 | €2,605 | €3,354 | ▲ 28.8% |
| Other amounts receivable41 | €4,700 | €1,666 | €22,860 | ▲ 1,272% |
| Cash at bank and in hand54/58 | €111,451 | €100,774 | €101,151 | ▲ 0.4% |
| Deferred charges and accrued income490/1 | €1,465 | €553 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €124,067 | €115,503 | €127,365 | ▲ 10.3% |
| Equity10/15 | €116,486 | €112,303 | €117,453 | ▲ 4.6% |
| Reserves13 | €124,585 | €124,585 | €124,585 | = |
| Distributable reserves133 | €124,585 | €124,585 | €124,585 | = |
| Profit (loss) carried forward14 | -€8,100 | -€12,282 | -€7,133 | ▲ 41.9% |
| Provisions and deferred taxes16 | - | - | €4,991 | - |
| Provisions for liabilities and charges160/5 | - | - | €4,991 | - |
| Other liabilities and charges164/5 | - | - | €4,991 | - |
| Amounts payable17/49 | €7,582 | €3,200 | €4,922 | ▲ 53.8% |
| Amounts payable within one year42/48 | €7,582 | €3,200 | €4,914 | ▲ 53.6% |
| Trade debts44 | €1,741 | - | €860 | - |
| Suppliers440/4 | €1,741 | - | €860 | - |
| Taxes, remuneration and social security45 | €764 | €438 | €4,053 | ▲ 826% |
| Taxes450/3 | €764 | €438 | €4,053 | ▲ 826% |
| Other amounts payable47/48 | €5,076 | €2,762 | - | - |
| Accrued charges and deferred income492/3 | - | - | €8 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,100 | -€4,182 | €5,149 | - |
| + Depreciation and write-downs630 | €1,395 | €3,394 | - | - |
| Operating cash flow (approximation) | -€6,705 | -€788 | €5,149 | - |
| Investment in fixed assets (approximation) | - | -€10,158 | - | - |
| Change in cash | - | -€10,677 | €377 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00418265 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00443358 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00315896 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.