CODE ROUGE
Annual accounts 2025
micro format, filed on 22-07-2026, 9 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 ≈ €56,000. Estimated: probably between €27,000 and €120,000.
Balance sheet
balance sheet total €10,904 on 31-12-2025in euro
in euro
Position in the sector
-346.5%
Lower than 95% of 25,237 companies in 2025.
0.20
Lower than 95% of 24,245 companies in 2025.
26.3%
Higher than 90% of 24,434 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 20184 months |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
10,904 | 17,642 | 14,819 | 17,267 | 26,967 | 53,759 | 55,945 | |
20 |
0 | - | - | - | - | 840 | 1,344 | |
21/28 |
1,329 | 1,822 | 2,315 | 4,542 | 7,732 | 18,573 | 20,665 | |
22/27 |
1,329 | 1,822 | 2,315 | 4,542 | 7,732 | 14,173 | 16,265 | |
24 |
0 | - | - | 1,735 | 4,432 | 9,888 | - | |
26 |
1,329 | 1,822 | 2,315 | 2,807 | 3,300 | 4,285 | 4,778 | |
28 |
- | - | - | - | - | 4,400 | 4,400 | |
29/58 |
9,574 | 15,821 | 12,504 | 12,725 | 19,235 | 34,346 | 33,935 | |
3 |
8,401 | 12,977 | 10,106 | 11,311 | 15,729 | 22,818 | 17,000 | |
30/36 |
8,401 | 12,977 | 10,106 | 11,311 | 15,729 | 22,818 | 17,000 | |
40/41 |
184 | 2,070 | 1,444 | 541 | 2,488 | 7,437 | 11,422 | |
40 |
0 | 1,000 | 687 | 276 | 2,423 | 6,678 | 10,719 | |
41 |
184 | 1,070 | 757 | 265 | 64 | 759 | 703 | |
54/58 |
967 | 753 | 935 | 874 | 1,018 | 4,091 | 5,513 | |
490/1 |
22 | 21 | 20 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
10,904 | 17,642 | 14,819 | 17,267 | 26,967 | 53,759 | 55,945 | |
10/15 |
-37,782 | -40,649 | -41,931 | -36,478 | -30,714 | -24,024 | 16,721 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | |
14 |
-56,382 | -59,249 | -60,531 | -55,078 | -49,314 | -42,624 | -1,879 | |
17/49 |
48,686 | 58,291 | 56,750 | 53,746 | 57,681 | 77,783 | 39,224 | |
17 |
- | - | - | - | - | 30,000 | - | |
170/4 |
- | - | - | - | - | 30,000 | - | |
42/48 |
48,686 | 58,291 | 56,750 | 53,746 | 57,681 | 47,783 | 39,224 | |
44 |
158 | 1,143 | 1,026 | 326 | 136 | 27,150 | 33,224 | |
440/4 |
158 | 1,143 | 1,026 | 326 | 136 | 27,150 | 33,224 | |
45 |
0 | - | - | - | 348 | 89 | - | |
450/3 |
0 | - | - | - | 348 | 89 | - | |
47/48 |
48,528 | 57,148 | 55,724 | 53,419 | 57,197 | 20,544 | 6,000 | |
| Income statement | ||||||||
76A |
- | - | - | 7,084 | 17,892 | - | - | |
9900 |
3,464 | 1,974 | -3,172 | -2,523 | 16,535 | -35,333 | -226 | |
62 |
- | - | - | - | - | 450 | - | |
630 |
493 | 493 | 2,228 | 3,190 | 3,562 | 3,465 | 1,020 | |
640/8 |
- | 100 | - | - | 34 | 181 | 497 | |
9901 |
2,972 | 1,381 | -5,400 | -5,712 | 12,939 | -39,429 | -1,743 | |
75/76B |
- | - | - | 0 | 0 | - | - | |
75 |
- | - | - | 0 | 0 | - | - | |
65/66B |
105 | 99 | 52 | 52 | 2,357 | 1,316 | 136 | |
65 |
105 | 99 | 52 | 52 | 1,200 | 1,316 | 136 | |
66B |
- | - | - | - | 1,157 | - | - | |
9903 |
2,866 | 1,282 | -5,453 | -5,764 | 10,582 | -40,745 | -1,879 | |
9904 |
2,866 | 1,282 | -5,453 | -5,764 | 10,582 | -40,745 | -1,879 | |
9905 |
2,866 | 1,282 | -5,453 | -5,764 | 10,582 | -40,745 | -1,879 | |
| Appropriation of the result | ||||||||
9906 |
-56,382 | -59,249 | -60,531 | -55,078 | -49,314 | -42,624 | -1,879 | |
14P |
-59,249 | -60,531 | -55,078 | -49,314 | -59,896 | - | - | |
| Document | ||||||||
The notes to these accounts have 4 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 22-07-2026.
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 | micro format | 22-07-2026 | 2026-00324069 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00317437 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00328942 | |
| 31-12-2022 | micro format | 29-07-2023 | 2023-00293178 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20272121 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77700407 | |
| 31-12-2018 | micro format | 29-12-2019 | 2019-78000460 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 20184 months |
|---|---|---|---|---|---|---|---|---|
| 3,464 | 1,874 | -3,172 | -2,523 | 16,501 | -35,964 | -723 | ||
| 3,359 | 1,775 | -3,225 | -2,575 | 14,144 | -37,280 | -859 | ||
| 0 | 0 | 0 | 0 | - | 869 | 21,517 | ||
| 214 | -182 | 61 | -144 | - | -1,422 | - | ||
| -39,112 | -42,471 | -44,246 | -41,021 | -38,446 | -13,438 | -5,288 | ||
| -346.5% | -230.4% | -283.0% | -211.3% | -113.9% | -44.7% | 29.9% | ||
| 0.20 | 0.27 | 0.22 | 0.24 | 0.33 | 0.72 | 0.87 | ||
| 0.02 | 0.05 | 0.04 | 0.03 | 0.06 | 0.24 | 0.43 | ||
| - | - | - | - | - | - | 2.35 | ||
| - | - | - | - | - | - | -11.2% | ||
| 26.3% | 7.3% | -36.8% | -33.4% | 39.2% | -75.8% | -3.4% | ||
| 32.90 | 18.91 | -60.45 | -48.23 | 13.75 | - | - |
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.
Insights on CODE ROUGE
The operating result for 2025 is 115% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Equity is negative. Debt (€48,686) exceeds the balance-sheet total (€10,904).