Chapter 7
Annual accounts 2025
micro format, filed on 30-06-2026, 31 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 ≈ €85,000. Estimated: probably between €59,000 and €110,000.
Balance sheet
balance sheet total €60,186 on 31-12-2025in euro
in euro
Position in the sector
72.4%
Higher than 69% of 9,119 companies in 2025.
3.53
Higher than 69% of 8,757 companies in 2025.
32.3%
Higher than 80% of 8,885 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
60,186 | 37,654 | 14,197 | |
21/28 |
1,556 | 1,849 | 2,436 | |
22/27 |
1,556 | 1,849 | 2,436 | |
24 |
1,556 | 1,849 | 2,436 | |
29/58 |
58,630 | 35,805 | 11,761 | |
40/41 |
9,796 | 8,773 | 9,680 | |
40 |
9,123 | 8,773 | 9,680 | |
41 |
673 | - | - | |
54/58 |
47,879 | 26,026 | 1,694 | |
490/1 |
956 | 1,007 | 388 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
60,186 | 37,654 | 14,197 | |
10/15 |
43,584 | 24,167 | 5,340 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
19,417 | - | - | |
133 |
19,417 | - | - | |
14 |
21,667 | 21,667 | 2,840 | |
17/49 |
16,602 | 13,487 | 8,857 | |
42/48 |
16,602 | 13,487 | 8,857 | |
44 |
2,972 | 1,684 | 1,953 | |
440/4 |
2,972 | 1,684 | 1,953 | |
45 |
13,630 | 11,684 | 6,904 | |
450/3 |
11,505 | 9,457 | 5,638 | |
454/9 |
2,124 | 2,226 | 1,265 | |
47/48 |
- | 120 | - | |
| Income statement | ||||
9900 |
31,905 | 27,689 | 4,544 | |
630 |
1,380 | 991 | 277 | |
640/8 |
80 | - | - | |
9901 |
30,445 | 26,698 | 4,267 | |
65/66B |
2,199 | 1,708 | 1 | |
65 |
2,199 | 1,708 | 1 | |
9903 |
28,246 | 24,990 | 4,265 | |
67/77 |
8,829 | 6,162 | 1,425 | |
9904 |
19,417 | 18,827 | 2,840 | |
9905 |
19,417 | 18,827 | 2,840 | |
| Appropriation of the result | ||||
9906 |
41,084 | 21,667 | 2,840 | |
14P |
21,667 | 2,840 | - | |
691/2 |
19,417 | - | - | |
6921 |
19,417 | - | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
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 |
|---|---|---|---|---|
| 31,825 | 27,689 | 4,544 | ||
| 20,797 | 19,819 | 3,117 | ||
| 1,086 | 405 | 2,713 | ||
| 21,853 | 24,332 | - | ||
| 42,029 | 22,318 | 2,904 | ||
| 72.4% | 64.2% | 37.6% | ||
| 3.53 | 2.65 | 1.33 | ||
| 0.38 | 0.56 | 1.66 | ||
| 44.6% | 77.9% | 53.2% | ||
| 32.3% | 50.0% | 20.0% | ||
| 14.47 | 16.21 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,086 | €405 | €2,713 |
| €1,380 | €991 | €277 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Chapter 7
The operating result for 2025 is 14% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 35.8% to 27.6%. Equity and debt are higher.