CLUSTER
Annual accounts 2025
abbreviated format, filed on 07-07-2026, 24 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €56,571 on 31-12-2025Position in the sector
-18.1%
Higher than 16% of 4,845 companies in 2025.
0.20
Higher than 8% of 4,743 companies in 2025.
-23.4%
Higher than 10% of 4,767 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
56,571 | |
21/28 |
47,263 | |
22/27 |
47,263 | |
22 |
13,840 | |
23 |
26,011 | |
24 |
7,411 | |
29/58 |
9,308 | |
40/41 |
3,316 | |
40 |
1,860 | |
41 |
1,456 | |
50/53 |
5,070 | |
54/58 |
739 | |
490/1 |
182 | |
| Balance sheet: equity and liabilities | ||
10/49 |
56,571 | |
10/15 |
-10,231 | |
10/11 |
3,000 | |
11 |
3,000 | |
1109/19 |
3,000 | |
14 |
-13,231 | |
17/49 |
66,802 | |
17 |
19,232 | |
170/4 |
19,232 | |
42/48 |
47,570 | |
42 |
8,761 | |
43 |
1,023 | |
430/8 |
1,023 | |
44 |
15,034 | |
440/4 |
15,034 | |
45 |
2,091 | |
450/3 |
2,091 | |
47/48 |
20,661 | |
| Income statement | ||
9900 |
-6,362 | |
62 |
6 | |
630 |
4,771 | |
640/8 |
400 | |
9901 |
-11,538 | |
75/76B |
67 | |
75 |
67 | |
65/66B |
1,760 | |
65 |
1,760 | |
9903 |
-13,231 | |
9904 |
-13,231 | |
9905 |
-13,231 | |
| Appropriation of the result | ||
9906 |
-13,231 | |
| Document | ||
The notes to these accounts have 6 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 07-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-07-2026 | 2026-00269570 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -6,767 | ||
| -8,460 | ||
| 67,000 | ||
| -38,262 | ||
| -18.1% | ||
| 0.20 | ||
| -23.4% | ||
| -3.84 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|
| Tangible fixed assets | €67,000 |
| €4,771 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on CLUSTER
Equity is negative. Debt (€66,802) exceeds the balance-sheet total (€56,571).