CENTER FOR EVALUATION AND PROGRAM DEVELOPMENT
InactiveFinancials · financial year 2026, micro format
Equity
€422,189▼ 1.8%
2025 · €430,042
Total assets
€443,378▼ 9.7%
2025 · €490,945
Net result
-€7,854
2025 · €467,490
Working capital
€421,991▼ 1.8%
2025 · €429,785
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 9 financial years
The operating result turns negative in 2026: a loss of €7,854 after €651,743 in 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€7,854
2026
Net result-€7,854
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€443,378
2026
Equity€422,189
2026
Debt€21,189
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€421,991
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€105--€46,458-€20,639▲ 55.6%€9,182€21,215▲ 131%-€6,713-€7,992▼ 19.1%€651,743-€7,854
Net result-€4,280--€51,950▼ 1,114%-€24,011▲ 53.8%€8,717€21,037▲ 141%-€7,135-€8,365▼ 17.2%€467,490-€7,854
Equity€24,259--€27,691-€51,702▼ 86.7%-€42,985▲ 16.9%-€21,948▲ 48.9%-€29,083▼ 32.5%-€37,447▼ 28.8%€430,042€422,189▼ 1.8%
Total assets€256,383-€200,953▼ 21.6%€181,241▼ 9.8%€187,738▲ 3.6%€207,882▲ 10.7%€207,808=€195,621▼ 5.9%€490,945▲ 151%€443,378▼ 9.7%
Debt€232,124-€228,644▼ 1.5%€232,944▲ 1.9%€230,723▼ 1.0%€229,830▼ 0.4%€236,891▲ 3.1%€233,069▼ 1.6%€60,903▼ 73.9%€21,189▼ 65.2%
Working capital€40,411-€16,182▼ 60.0%€8,898▼ 45.0%-€1,787€32,043€22,235▼ 30.6%€26,338▲ 18.5%€429,785▲ 1,532%€421,991▼ 1.8%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €443,378
Fixed assets
€198 ▼ 23.0%
Current assets
€443,180 ▼ 9.7%
Equity and liabilities €443,378
Equity
€422,189 ▼ 1.8%
Debt
€21,189 ▼ 65.2%
Debt's share of the balance-sheet total falls from 12.4% to 4.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,794▼
2025 · €652,376
Cash flow
-€7,794▼
2025 · €468,123
Current ratio
20.92▲
2025 · 8.06
Debt to equity
0.05▼
2025 · 0.14
ROE
-1.9%▼
2025 · 108.7%
ROA
-1.8%▼
2025 · 95.2%
Debt ≤ 1 year
€21,189▼
2025 · €60,903
Income taxes
€0▼
2025 · €184,139
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 | - | - | - | - | - | - | - | €654,675 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,394 | €28,264 | €14,293 | €10,704 | €12,792 | €13,252 | €13,880 | €633 | €59 | ▼ 90.6% |
| Other operating charges640/8 | - | - | - | €2,760 | €1,869 | €2,104 | €4,408 | €3,044 | €0 | ▼ 100% |
| Gross operating margin9900 | €30,950 | -€15,949 | -€4,535 | €22,645 | €35,876 | €8,644 | €10,295 | €655,419 | -€7,794 | - |
| Operating profit (loss)9901 | €105 | -€46,458 | -€20,639 | €9,182 | €21,215 | -€6,713 | -€7,992 | €651,743 | -€7,854 | - |
| Financial income75/76B | - | - | - | €22 | €80 | €0 | €42 | €0 | - | - |
| Recurring financial income75 | - | €0 | €9 | €22 | €80 | €0 | €42 | €0 | - | - |
| Financial charges65/66B | - | - | - | €149 | €46 | €104 | €80 | €113 | €0 | ▼ 100% |
| Recurring financial charges65 | €5,344 | €5,191 | €3,133 | €149 | €46 | €104 | €80 | €113 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€4,176 | -€51,649 | -€23,763 | €9,055 | €21,249 | -€6,817 | -€8,030 | €651,629 | -€7,854 | - |
| Income taxes67/77 | €104 | €301 | €248 | €337 | €212 | €318 | €335 | €184,139 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€4,280 | -€51,950 | -€24,011 | €8,717 | €21,037 | -€7,135 | -€8,365 | €467,490 | -€7,854 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,280 | -€51,950 | -€24,011 | €8,717 | €21,037 | -€7,135 | -€8,365 | €467,490 | -€7,854 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €256,383 | €200,953 | €181,241 | €187,738 | €207,882 | €207,808 | €195,621 | €490,945 | €443,378 | ▼ 9.7% |
| Fixed assets21/28 | €196,715 | €171,077 | €157,395 | €168,802 | €156,010 | €158,683 | €146,215 | €257 | €198 | ▼ 23.0% |
| Tangible fixed assets22/27 | €195,625 | €169,987 | €156,305 | €167,712 | €154,920 | €157,593 | €146,215 | €257 | €198 | ▼ 23.0% |
| Land and buildings22 | - | - | - | €142,783 | €132,870 | €137,436 | €128,732 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €24,417 | €21,809 | €19,201 | €16,592 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €512 | €242 | €956 | €890 | €257 | €198 | ▼ 23.0% |
| Financial fixed assets28 | €1,090 | €1,090 | €1,090 | €1,090 | €1,090 | €1,090 | €0 | - | - | - |
| Current assets29/58 | €59,668 | €29,876 | €23,847 | €18,936 | €51,872 | €49,126 | €49,406 | €490,688 | €443,180 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €9,751 | €1,311 | €3,949 | €5,404 | €16,685 | €19,567 | €11,986 | €3,859 | €2,139 | ▼ 44.6% |
| Trade receivables40 | - | - | - | €4,800 | €15,861 | €18,952 | €11,808 | €3,363 | €319 | ▼ 90.5% |
| Other amounts receivable41 | - | - | - | €604 | €823 | €615 | €178 | €496 | €1,820 | ▲ 267% |
| Cash at bank and in hand54/58 | €46,375 | €28,252 | €19,482 | €11,929 | €33,509 | €27,750 | €36,907 | €485,999 | €440,486 | ▼ 9.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,603 | €1,678 | €1,809 | €513 | €831 | €555 | ▼ 33.2% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €256,383 | €200,953 | €181,241 | €187,738 | €207,882 | €207,808 | €195,621 | €490,945 | €443,378 | ▼ 9.7% |
| Equity10/15 | €24,259 | -€27,691 | -€51,702 | -€42,985 | -€21,948 | -€29,083 | -€37,447 | €430,042 | €422,189 | ▼ 1.8% |
| Contributions10/11 | €75,000 | €75,000 | - | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | - | - | - | - | - | - | - | €355,042 | €355,042 | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €355,042 | €355,042 | = |
| Profit (loss) carried forward14 | -€50,741 | -€102,691 | -€126,702 | -€117,985 | -€96,948 | -€104,083 | -€112,447 | €0 | -€7,854 | - |
| Amounts payable17/49 | €232,124 | €228,644 | €232,944 | €230,723 | €229,830 | €236,891 | €233,069 | €60,903 | €21,189 | ▼ 65.2% |
| Amounts payable after more than one year17 | €211,365 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | €0 | - | - |
| Financial debts170/4 | - | - | - | €210,000 | €210,000 | €210,000 | €210,000 | €0 | - | - |
| Amounts payable within one year42/48 | €19,257 | €13,694 | €14,949 | €20,723 | €19,830 | €26,891 | €23,069 | €60,903 | €21,189 | ▼ 65.2% |
| Trade debts44 | - | €490 | €842 | €686 | €523 | €5,375 | €1,889 | €2,013 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €686 | €523 | €5,375 | €1,889 | €2,013 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €337 | €379 | €318 | €299 | €38,139 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €337 | €379 | €318 | €299 | €38,139 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €19,700 | €18,927 | €21,198 | €20,881 | €20,750 | €21,189 | ▲ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,280 | -€51,950 | -€24,011 | €8,717 | €21,037 | -€7,135 | -€8,365 | €467,490 | -€7,854 | - |
| + Depreciation and write-downs630 | €28,394 | €28,264 | €14,293 | €10,704 | €12,792 | €13,252 | €13,880 | €633 | €59 | ▼ 90.6% |
| Operating cash flow (approximation) | €24,114 | -€23,687 | -€9,718 | €19,421 | €33,829 | €6,117 | €5,515 | €468,123 | -€7,794 | - |
| Investment in fixed assets (approximation) | - | -€2,626 | -€611 | -€22,110 | €0 | -€15,925 | -€1,412 | €145,325 | €0 | ▼ 100% |
| Change in cash | - | -€18,123 | -€8,771 | -€7,552 | €21,580 | -€5,759 | €9,157 | €449,092 | -€45,512 | - |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-03-2026 | micro format | 24-04-2026 | 2026-00086628 |
| 31-12-2025 | micro format | 09-03-2026 | 2026-00051211 |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00292995 |
| 31-12-2023 | micro format | 13-07-2024 | 2024-00244494 |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00154225 |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20057528 |
| 31-12-2020 | micro format | 05-05-2021 | 2021-13400369 |
| 31-12-2019 | micro format | 29-07-2020 | 2020-36200227 |
| 31-12-2018 | abbreviated format | 20-05-2019 | 2019-13700084 |
| 31-12-2017 | abbreviated format | 28-05-2018 | 2018-14200411 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.