CODE CONCEPT
Annual accounts 2025
micro format, filed on 24-03-2026, 37 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 ≈ €110,000. Estimated: probably between €69,000 and €210,000.
Balance sheet
balance sheet total €128,868 on 30-09-2025in euro
in euro
Position in the sector
66.9%
Higher than 73% of 1,800 companies in 2025.
2.60
Higher than 67% of 1,758 companies in 2025.
12.8%
Higher than 55% of 1,765 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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
128,868 | 120,410 | 106,142 | 117,966 | 74,503 | 88,027 | 65,903 | 62,411 | 47,795 | 41,208 | 53,937 | 58,252 | 64,449 | |
21/28 |
18,200 | 20,297 | 24,350 | 16,871 | 16,682 | 22,001 | 10,859 | 4,520 | 0 | 8,053 | 16,107 | 25,482 | 34,819 | |
22/27 |
18,200 | 20,297 | 24,350 | 16,871 | 16,682 | 22,001 | 10,859 | 4,520 | 0 | 8,053 | 16,107 | 25,482 | 34,819 | |
22 |
14,281 | 14,735 | 15,188 | 15,640 | 16,093 | 16,547 | - | - | - | - | - | - | - | |
23 |
1,207 | 3,221 | 5,342 | 1,231 | 588 | 1,159 | 0 | 0 | 0 | 0 | 0 | 129 | 255 | |
24 |
2,711 | 2,342 | 3,820 | - | 0 | 4,295 | 10,859 | 4,520 | 0 | 187 | 373 | 1,752 | 3,096 | |
29/58 |
110,668 | 100,113 | 81,791 | 101,094 | 57,821 | 66,026 | 55,044 | 57,891 | 47,795 | 33,155 | 37,830 | 32,770 | 29,631 | |
40/41 |
58,928 | 61,122 | 80,352 | 78,718 | 57,578 | 56,495 | 46,188 | 56,178 | 44,258 | 33,100 | 37,829 | 30,613 | 26,085 | |
40 |
5,407 | 14,266 | 20,129 | 17,408 | 7,652 | 17,337 | 5,074 | 11,377 | 8,377 | 6,638 | 2,717 | 5,902 | 12,947 | |
41 |
53,521 | 46,856 | 60,223 | 61,311 | 49,926 | 39,158 | 41,115 | 44,800 | 35,881 | 26,462 | 35,111 | 24,711 | 13,138 | |
54/58 |
45,727 | 31,261 | 1,014 | 22,376 | 0 | 8,983 | 8,634 | 1,714 | 3,389 | 0 | - | 2,084 | 3,513 | |
490/1 |
6,013 | 7,730 | 425 | 0 | 243 | 548 | 222 | 0 | 148 | 55 | 1 | 73 | 33 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
128,868 | 120,410 | 106,142 | 117,966 | 74,503 | 88,027 | 65,903 | 62,411 | 47,795 | 41,208 | 53,937 | 58,252 | 64,449 | |
10/15 |
86,215 | 103,467 | 76,422 | 63,674 | 53,060 | 55,552 | 51,064 | 44,529 | 29,183 | 22,594 | 17,003 | 23,963 | 24,901 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
80,015 | 97,267 | 70,222 | 57,474 | 46,860 | 49,352 | 44,864 | 38,329 | 22,983 | 16,394 | 17,760 | 17,760 | 17,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
80,015 | 97,267 | 70,222 | 55,614 | 45,000 | 47,492 | 43,004 | 36,469 | 21,123 | 14,534 | 15,900 | 15,900 | 16,000 | |
14 |
0 | 0 | 0 | 0 | - | - | - | - | - | 0 | -6,957 | 3 | 841 | |
17/49 |
42,653 | 16,944 | 29,719 | 54,292 | 21,443 | 32,475 | 14,839 | 17,883 | 18,611 | 18,614 | 36,934 | 34,289 | 39,548 | |
17 |
- | 0 | 2,114 | 5,218 | 8,242 | 11,189 | 1,517 | - | 0 | 269 | 6,371 | 12,192 | 17,744 | |
170/4 |
- | 0 | 2,114 | 5,218 | 8,242 | 11,189 | 1,517 | - | 0 | 269 | 6,371 | 12,192 | 17,744 | |
42/48 |
42,622 | 16,944 | 27,605 | 49,049 | 13,201 | 21,208 | 13,249 | 17,804 | 18,611 | 17,569 | 30,263 | 22,097 | 20,955 | |
42 |
0 | 2,114 | 3,104 | 3,024 | 2,947 | 4,389 | 3,000 | 0 | 269 | 6,102 | 5,821 | 5,553 | 5,519 | |
43 |
- | - | - | 0 | 2,090 | - | - | - | 0 | 2,071 | 3,767 | 87 | - | |
430/8 |
- | - | - | 0 | 2,090 | - | - | - | 0 | 2,071 | 3,767 | 87 | - | |
44 |
2,670 | 3,234 | 4,000 | 5,786 | 4,265 | 7,072 | 2,003 | 4,267 | 9,112 | 3,837 | 5,363 | 6,063 | 6,085 | |
440/4 |
2,670 | 3,234 | 4,000 | 5,786 | 4,265 | 7,072 | 2,003 | 4,267 | 9,112 | 3,837 | 5,363 | 6,063 | 6,085 | |
45 |
6,219 | 5,060 | 5,156 | 21,608 | 3,899 | 9,747 | 8,247 | 13,537 | 9,230 | 5,558 | 15,312 | 10,394 | 9,351 | |
450/3 |
6,219 | 5,060 | 5,156 | 19,272 | 3,899 | 7,435 | 8,247 | 13,537 | 9,230 | 5,558 | 3,312 | 10,394 | 9,351 | |
454/9 |
- | - | 0 | 2,336 | 0 | 2,312 | 0 | 0 | 0 | 0 | 12,000 | 0 | 0 | |
47/48 |
33,733 | 6,535 | 15,345 | 18,631 | 0 | - | - | 0 | 0 | - | 0 | 0 | 0 | |
492/3 |
31 | - | 0 | 25 | 0 | 79 | 72 | 79 | 0 | 777 | 299 | 0 | 849 | |
| Income statement | ||||||||||||||
76A |
45 | - | - | 0 | 4 | - | - | - | 88 | 141 | - | 355 | - | |
9900 |
28,418 | 49,292 | 39,568 | 44,285 | -1,824 | 13,724 | 14,737 | 23,729 | 18,792 | 20,668 | 3,253 | 10,004 | 38,727 | |
62 |
782 | 207 | 129 | - | - | - | - | 0 | - | - | - | - | - | |
630 |
4,305 | 4,053 | 2,001 | 1,146 | 1,320 | 7,588 | 6,530 | 2,243 | 8,053 | 8,053 | 9,375 | 9,336 | 9,336 | |
631/4 |
- | - | - | - | - | - | - | - | 195 | - | - | - | - | |
640/8 |
921 | 425 | 695 | 372 | 1,810 | 441 | 564 | 597 | 1,081 | 1,066 | 1,122 | 1,417 | 2,178 | |
66A |
- | - | - | - | - | 790 | 39 | - | 837 | 925 | - | - | - | |
9901 |
22,411 | 44,606 | 36,742 | 42,767 | -4,954 | 4,905 | 7,605 | 20,888 | 8,625 | 11,549 | -7,243 | -750 | 27,212 | |
75/76B |
2,692 | 2,918 | 3,124 | 3,397 | 3,240 | 3,368 | 3,516 | 3,170 | 2,898 | 2,230 | 2,775 | 1,662 | 727 | |
75 |
2,692 | 2,918 | 3,124 | 3,397 | 3,240 | 3,368 | 3,516 | 3,170 | 2,898 | 2,230 | 2,775 | 1,662 | 727 | |
65/66B |
793 | 559 | 645 | 950 | 575 | 504 | 267 | 201 | 760 | 1,165 | 2,363 | 1,423 | 1,806 | |
65 |
793 | 559 | 645 | 950 | 575 | 504 | 267 | 201 | 760 | 1,165 | 2,363 | 1,423 | 1,806 | |
9903 |
24,311 | 46,965 | 39,221 | 45,213 | -2,289 | 7,769 | 10,854 | 23,857 | 10,764 | 11,830 | -6,831 | -156 | 26,134 | |
67/77 |
7,829 | 13,386 | 11,127 | 15,968 | 203 | 3,281 | 4,319 | 8,512 | 4,174 | 6,240 | 129 | 782 | 7,432 | |
9904 |
16,481 | 33,579 | 28,094 | 29,245 | -2,492 | 4,488 | 6,535 | 15,345 | 6,590 | 5,591 | -6,960 | -938 | 18,701 | |
9905 |
16,481 | 33,579 | 28,094 | 29,245 | -2,492 | 4,488 | 6,535 | 15,345 | 6,590 | 5,591 | -6,960 | -938 | 18,701 | |
| Appropriation of the result | ||||||||||||||
9906 |
16,481 | 33,579 | 28,094 | 29,245 | -2,492 | 4,488 | 6,535 | 15,345 | 6,590 | -1,366 | -6,957 | -97 | 18,701 | |
791/2 |
33,733 | 6,535 | 15,345 | 18,631 | 2,492 | - | - | - | - | 6,957 | - | 100 | - | |
691/2 |
16,481 | 33,579 | 28,094 | 29,245 | - | 4,488 | 6,535 | 15,345 | 6,590 | 5,591 | 0 | - | 17,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
16,481 | 33,579 | 28,094 | 29,245 | - | 4,488 | 6,535 | 15,345 | 6,590 | 5,591 | - | - | 16,000 | |
694/7 |
33,733 | 6,535 | 15,345 | 18,631 | - | - | - | - | - | - | - | - | - | |
694 |
33,733 | 6,535 | 15,345 | 18,631 | - | - | - | - | - | - | - | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 24-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 24-03-2026 | 2026-00066994 | |
| 30-09-2024 | micro format | 11-03-2025 | 2025-00048885 | |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00049677 | |
| 30-09-2022 | micro format | 29-03-2023 | 2023-00052751 | |
| 30-09-2021 | micro format | 31-05-2022 | 2022-20053481 | |
| 30-09-2020 | micro format | 17-05-2021 | 2021-14800570 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11600099 | |
| 30-09-2018 | micro format | 27-03-2019 | 2019-08500510 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-09300268 | |
| 30-09-2016 | full format | 20-03-2017 | 2017-06900185 | |
| 30-09-2015 | full format | 31-03-2016 | 2016-09500047 | |
| 30-09-2014 | full format | 28-04-2015 | 2015-10800422 | |
| 30-09-2013 | full format | 28-04-2014 | 2014-10800098 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26,716 | 48,660 | 38,743 | 43,913 | -3,634 | 12,493 | 14,135 | 23,131 | 16,679 | 19,603 | 2,132 | 8,587 | 36,549 | ||
| 20,786 | 37,633 | 30,095 | 30,391 | -1,172 | 12,076 | 13,065 | 17,589 | 14,643 | 13,644 | 2,415 | 8,398 | 28,038 | ||
| 2,208 | 0 | 9,480 | 1,336 | -4,000 | 18,730 | 12,869 | 6,763 | 0 | 0 | -0 | 0 | 44,155 | ||
| 14,466 | 30,246 | -21,361 | 22,376 | -8,983 | 349 | 6,920 | -1,675 | 3,389 | - | - | -1,428 | - | ||
| 68,046 | 83,170 | 54,186 | 52,045 | 44,620 | 44,818 | 41,794 | 40,087 | 29,183 | 15,586 | 7,566 | 10,673 | 8,676 | ||
| 66.9% | 85.9% | 72.0% | 54.0% | 71.2% | 63.1% | 77.5% | 71.3% | 61.1% | 54.8% | 31.5% | 41.1% | 38.6% | ||
| 2.60 | 5.91 | 2.96 | 2.06 | 4.38 | 3.11 | 4.15 | 3.25 | 2.57 | 1.89 | 1.25 | 1.48 | 1.41 | ||
| 0.49 | 0.16 | 0.39 | 0.85 | 0.40 | 0.58 | 0.29 | 0.40 | 0.64 | 0.82 | 2.17 | 1.43 | 1.59 | ||
| 19.1% | 32.5% | 36.8% | 45.9% | -4.7% | 8.1% | 12.8% | 34.5% | 22.6% | 24.7% | -40.9% | -3.9% | 75.1% | ||
| 12.8% | 27.9% | 26.5% | 24.8% | -3.3% | 5.1% | 9.9% | 24.6% | 13.8% | 13.6% | -12.9% | -1.6% | 29.0% | ||
| 33.71 | 86.99 | 60.04 | 46.22 | -6.32 | - | - | - | - | - | - | - | - |
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 | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,208 | - | €9,480 | €1,336 | - |
| €4,305 | €4,053 | €2,001 | €1,146 | €1,320 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CODE CONCEPT
The operating result for 2025 is 50% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total rises from 14.1% to 33.1%. Equity is lower and debt is higher.