CHANGE PROCESS
InactiveFinancials · financial year 2025, micro format
Equity
€48,917▼ 9.0%
2024 · €53,765
Total assets
€50,959▼ 12.7%
2024 · €58,352
Net result
-€4,849
2024 · €9,655
Working capital
€46,386▼ 6.2%
2024 · €49,469
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €4,989 after €20,423 in 2024, the lowest 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-€4,989
2025
Net result-€4,849
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€50,959
2025
Equity€48,917
2025
Debt€2,042
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€46,386
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
Line20182019202020212022202320242025
Operating result-€1,179--€6,661▼ 465%€484€8,438▲ 17×€871▼ 89.7%€2,370▲ 172%€20,423▲ 762%-€4,989
Net result€858--€3,889€384€8,177▲ 21×-€1,150€928€9,655▲ 940%-€4,849
Equity€51,934-€48,045▼ 7.5%€36,156▼ 24.7%€44,333▲ 22.6%€43,182▼ 2.6%€44,111▲ 2.1%€53,765▲ 21.9%€48,917▼ 9.0%
Total assets€108,049-€84,952▼ 21.4%€67,181▼ 20.9%€72,510▲ 7.9%€54,581▼ 24.7%€54,081▼ 0.9%€58,352▲ 7.9%€50,959▼ 12.7%
Debt€56,115-€36,907▼ 34.2%€31,025▼ 15.9%€28,177▼ 9.2%€11,399▼ 59.5%€9,970▼ 12.5%€4,587▼ 54.0%€2,042▼ 55.5%
Working capital€64,252-€47,175▼ 26.6%€31,031▼ 34.2%€44,639▲ 43.9%€36,075▼ 19.2%€39,102▲ 8.4%€49,469▲ 26.5%€46,386▼ 6.2%
Staff (FTE)0.3-
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
Assets €50,959
Fixed assets
€2,530 ▼ 41.1%
Current assets
€48,428 ▼ 10.4%
Equity and liabilities €50,959
Equity
€48,917 ▼ 9.0%
Debt
€2,042 ▼ 55.5%
Debt's share of the balance-sheet total falls from 7.9% to 4.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,223▼
2024 · €22,217
Cash flow
-€3,083▼
2024 · €11,449
Current ratio
23.72▲
2024 · 11.78
Debt to equity
0.04▼
2024 · 0.09
ROE
-9.9%▼
2024 · 18.0%
ROA
-9.5%▼
2024 · 16.5%
Interest coverage
-23.31▼
2024 · over 100
Debt ≤ 1 year
€2,042▼
2024 · €4,587
Income taxes
€165▼
2024 · €10,626
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 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,113 | €7,439 | €6,918 | €7,167 | €7,745 | €2,099 | €1,795 | €1,766 | ▼ 1.6% |
| Other operating charges640/8 | - | - | - | €339 | €1,244 | €1,865 | €1,871 | €857 | ▼ 54.2% |
| Non-recurring operating charges66A | - | - | - | €728 | €1,166 | €360 | €491 | €1,243 | ▲ 153% |
| Gross operating margin9900 | €10,601 | €3,447 | €10,057 | €16,672 | €11,026 | €6,694 | €24,579 | -€1,122 | - |
| Operating profit (loss)9901 | -€1,179 | -€6,661 | €484 | €8,438 | €871 | €2,370 | €20,423 | -€4,989 | - |
| Financial income75/76B | - | - | - | €919 | €8 | - | €4 | €443 | ▲ 115× |
| Recurring financial income75 | €4,751 | €3,826 | €2,801 | €919 | €8 | - | €4 | €443 | ▲ 115× |
| Financial charges65/66B | - | - | - | €269 | €503 | €229 | €146 | €138 | ▼ 5.2% |
| Recurring financial charges65 | €1,158 | €733 | €557 | €269 | €503 | €229 | €146 | €138 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €2,414 | -€3,568 | €2,728 | €9,088 | €376 | €2,141 | €20,281 | -€4,684 | - |
| Income taxes67/77 | €1,556 | €321 | €2,344 | €911 | €1,527 | €1,213 | €10,626 | €165 | ▼ 98.4% |
| Profit (loss) for the period9904 | €858 | -€3,889 | €384 | €8,177 | -€1,150 | €928 | €9,655 | -€4,849 | - |
| Profit (loss) for the period to be appropriated9905 | €858 | -€3,889 | €384 | €8,177 | -€1,150 | €928 | €9,655 | -€4,849 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €108,049 | €84,952 | €67,181 | €72,510 | €54,581 | €54,081 | €58,352 | €50,959 | ▼ 12.7% |
| Fixed assets21/28 | €27,645 | €21,836 | €15,909 | €8,742 | €7,107 | €5,008 | €4,296 | €2,530 | ▼ 41.1% |
| Intangible fixed assets21 | - | €1,304 | €978 | €652 | €326 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €26,644 | €19,531 | €13,930 | €7,089 | €5,781 | €4,008 | €3,296 | €1,530 | ▼ 53.6% |
| Plant, machinery and equipment23 | - | - | - | - | €2,236 | €1,481 | €726 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €7,089 | €249 | €0 | €812 | €541 | ▼ 33.3% |
| Leasing and similar rights25 | - | - | - | - | €3,296 | €2,527 | €1,757 | €988 | ▼ 43.8% |
| Financial fixed assets28 | €1,001 | €1,001 | €1,001 | €1,001 | €1,001 | €1,001 | €1,001 | €1,001 | = |
| Current assets29/58 | €80,404 | €63,116 | €51,272 | €63,768 | €47,474 | €49,072 | €54,056 | €48,428 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €80,347 | €43,295 | €22,953 | €14,346 | €5,861 | €4,137 | €5,093 | €16,099 | ▲ 216% |
| Trade receivables40 | - | - | - | €5,055 | €5,449 | €545 | €2,753 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €9,291 | €412 | €3,592 | €2,341 | €16,099 | ▲ 588% |
| Cash at bank and in hand54/58 | - | €19,821 | €28,319 | €49,422 | €36,011 | €44,936 | €48,963 | €32,330 | ▼ 34.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,602 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €108,049 | €84,952 | €67,181 | €72,510 | €54,581 | €54,081 | €58,352 | €50,959 | ▼ 12.7% |
| Equity10/15 | €51,934 | €48,045 | €36,156 | €44,333 | €43,182 | €44,111 | €53,765 | €48,917 | ▼ 9.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €14,372 | €14,372 | €2,099 | €10,276 | €10,275 | €11,204 | €20,859 | €20,859 | = |
| Non-distributable reserves130/1 | - | - | - | €2,099 | €2,099 | €2,099 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,099 | €2,099 | €2,099 | - | - | - |
| Distributable reserves133 | - | - | - | €8,177 | €8,177 | €9,105 | €20,859 | €20,859 | = |
| Profit (loss) carried forward14 | €18,962 | €15,073 | €15,457 | €15,457 | €14,307 | €14,307 | €14,307 | €9,458 | ▼ 33.9% |
| Amounts payable17/49 | €56,115 | €36,907 | €31,025 | €28,177 | €11,399 | €9,970 | €4,587 | €2,042 | ▼ 55.5% |
| Amounts payable after more than one year17 | €19,241 | €12,468 | €6,955 | €1,397 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €1,397 | - | - | - | - | - |
| Amounts payable within one year42/48 | €16,152 | €15,941 | €20,241 | €19,129 | €11,399 | €9,970 | €4,587 | €2,042 | ▼ 55.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,558 | €1,397 | - | - | - | - |
| Trade debts44 | €271 | €4,136 | €494 | €3,496 | €1,687 | €4,384 | €774 | €1,326 | ▲ 71.3% |
| Suppliers440/4 | - | - | - | €3,496 | €1,687 | €4,384 | €774 | €1,326 | ▲ 71.3% |
| Taxes, remuneration and social security45 | - | - | - | €10,075 | €7,851 | €5,586 | €3,813 | €717 | ▼ 81.2% |
| Taxes450/3 | - | - | - | €10,075 | €7,851 | €5,586 | €3,813 | €717 | ▼ 81.2% |
| Other amounts payable47/48 | - | - | - | - | €465 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €7,651 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €858 | -€3,889 | €384 | €8,177 | -€1,150 | €928 | €9,655 | -€4,849 | - |
| + Depreciation and write-downs630 | €7,113 | €7,439 | €6,918 | €7,167 | €7,745 | €2,099 | €1,795 | €1,766 | ▼ 1.6% |
| Operating cash flow (approximation) | €7,971 | €3,550 | €7,302 | €15,344 | €6,595 | €3,027 | €11,449 | -€3,083 | - |
| Investment in fixed assets (approximation) | - | -€1,630 | -€991 | €0 | -€6,111 | €0 | -€1,083 | €0 | - |
| Change in cash | - | - | €8,498 | €21,103 | -€13,411 | €8,924 | €4,027 | -€16,633 | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00156156 |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00222921 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00425460 |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00307597 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20334991 |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45400223 |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59800558 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53000355 |
| 31-12-2017 | micro format | 16-08-2018 | 2018-46000464 |
| 31-12-2016 | micro format | 09-08-2017 | 2017-42500090 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.