Chapter V
Annual accounts 2025
abbreviated format, filed on 25-06-2026, 36 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €18.1m on 31-12-2025in €m
in euro
Position in the sector
54.0%
Higher than 59% of 4,136 companies in 2025.
13.3%
Higher than 56% of 4,107 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Staff: bottom quarter
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 |
18.1m | 16.7m | 15.8m | |
21/28 |
16.1m | 15.6m | 15.6m | |
28 |
16.1m | 15.6m | 15.6m | |
29/58 |
2.0m | 1.1m | 171,527 | |
40/41 |
1,070 | 12,834 | 2,417 | |
41 |
1,070 | 12,834 | 2,417 | |
50/53 |
2.0m | 1.1m | - | |
54/58 |
15,760 | 14,234 | 169,110 | |
490/1 |
0 | 307 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
18.1m | 16.7m | 15.8m | |
10/15 |
9.8m | 7.4m | 3.7m | |
10/11 |
100,000 | 100,000 | 100,000 | |
13 |
9.7m | 7.3m | 3.6m | |
133 |
9.7m | 7.3m | 3.6m | |
17/49 |
8.3m | 9.3m | 12.0m | |
17 |
150,000 | 750,000 | 1.4m | |
170/4 |
150,000 | 750,000 | 1.4m | |
42/48 |
7.9m | 8.4m | 10.5m | |
42 |
600,000 | 600,000 | 600,000 | |
44 |
998 | - | - | |
440/4 |
998 | - | - | |
47/48 |
7.3m | 7.8m | 9.9m | |
492/3 |
275,832 | 149,980 | 225,950 | |
| Income statement | ||||
9900 |
0 | -1,177 | -3,372 | |
640/8 |
1,124 | 447 | - | |
9901 |
-1,124 | -1,623 | -3,372 | |
75/76B |
2.7m | 3.8m | 4.0m | |
75 |
2.7m | 3.8m | 4.0m | |
65/66B |
253,024 | 159,843 | 359,107 | |
65 |
253,024 | 159,843 | 359,107 | |
9903 |
2.4m | 3.6m | 3.6m | |
9904 |
2.4m | 3.6m | 3.6m | |
9905 |
2.4m | 3.6m | 3.6m | |
| Appropriation of the result | ||||
9906 |
2.4m | 3.6m | 3.6m | |
691/2 |
2.4m | 3.6m | 3.6m | |
6921 |
2.4m | 3.6m | 3.6m | |
| Social balance sheet | ||||
9087 |
0 | 0 | 0 | |
| Document | ||||
The notes to these accounts have 8 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 25-06-2026.
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 |
|---|---|---|---|---|
| 480,000 | - | 15.6m | ||
| 1,527 | -154,877 | - | ||
| 54.0% | 44.1% | 23.7% | ||
| 24.6% | 49.2% | 97.3% | ||
| 13.3% | 21.7% | 23.1% |
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 |
|---|---|---|---|
| Financial fixed assets | €480,000 | - | €15.6m |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Chapter V
The operating result for 2025 is a loss of €1,124, smaller than the loss of €1,623 in 2024.
Debt's share of the balance-sheet total falls from 55.9% to 46.0%. Equity is higher and debt is lower.