Code Zebra
Annual accounts 2025
micro format, filed on 08-05-2026, 84 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €64,000 on 31-12-2025in euro
in euro
Position in the sector
69.6%
Higher than 65% of 39,368 companies in 2025.
3.11
Higher than 64% of 38,051 companies in 2025.
-25.9%
Lower than 95% of 38,523 companies in 2025.
Net result: bottom quarter · Equity: middle half · 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
64,000 | 82,856 | 96,582 | 68,158 | 66,395 | 40,480 | 98,834 | 91,747 | 36,976 | 23,680 | 23,036 | 23,371 | |
20 |
- | - | - | - | - | - | - | - | 105 | 315 | 525 | 735 | |
21/28 |
7,677 | 12,667 | 17,476 | 16,123 | 20,358 | 410 | 1,344 | 5,736 | 11,556 | 7,277 | 11,602 | 15,612 | |
21 |
85 | 423 | 761 | - | - | - | - | - | - | - | - | - | |
22/27 |
7,593 | 12,244 | 16,715 | 16,123 | 20,358 | 410 | 1,344 | 5,736 | 11,556 | 7,277 | 11,077 | 14,877 | |
23 |
1,451 | 2,137 | 2,823 | - | 0 | 410 | 1,344 | 2,486 | 1,579 | - | - | - | |
24 |
6,141 | 10,107 | 13,892 | 16,123 | 20,358 | - | - | 3,250 | 9,977 | 7,277 | 11,077 | 14,877 | |
29/58 |
56,323 | 70,189 | 79,106 | 52,035 | 46,037 | 40,070 | 97,490 | 86,011 | 25,315 | 16,087 | 11,433 | 7,758 | |
3 |
- | - | - | - | - | - | - | - | - | 1,000 | 1,000 | 2,000 | |
30/36 |
- | - | - | - | - | - | - | - | - | 1,000 | 1,000 | 2,000 | |
40/41 |
24,114 | 28,641 | 40,085 | 32,162 | 27,987 | 26,162 | 37,216 | 65,041 | 7,043 | 5,246 | 9,347 | 2,014 | |
40 |
9,104 | 23,220 | 37,367 | 29,444 | 16,420 | 11,816 | 32,656 | 65,041 | 6,576 | 4,606 | 7,835 | 305 | |
41 |
15,010 | 5,421 | 2,717 | 2,718 | 11,567 | 14,346 | 4,560 | - | 467 | 639 | 1,511 | 1,710 | |
54/58 |
27,567 | 37,481 | 34,763 | 17,606 | 10,296 | 11,768 | 58,311 | 19,149 | 17,648 | 9,537 | 1,087 | 3,076 | |
490/1 |
4,641 | 4,068 | 4,258 | 2,267 | 7,755 | 2,140 | 1,963 | 1,820 | 623 | 305 | - | 668 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
64,000 | 82,856 | 96,582 | 68,158 | 66,395 | 40,480 | 98,834 | 91,747 | 36,976 | 23,680 | 23,036 | 23,371 | |
10/15 |
44,520 | 61,112 | 56,021 | 43,796 | 33,390 | 28,998 | 81,266 | 60,409 | 21,142 | 15,231 | 4,757 | 3,512 | |
10/11 |
14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | 14,700 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 3,850 | 3,850 | 3,850 | 3,850 | 3,850 | 3,850 | |
13 |
65,048 | 65,048 | 65,048 | 70,958 | 70,958 | 66,566 | 66,566 | 45,709 | 6,442 | 531 | - | - | |
130/1 |
- | - | 0 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 831 | 531 | - | - | |
1311 |
- | - | 0 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | |
133 |
65,048 | 65,048 | 65,048 | 69,103 | 69,103 | 64,711 | 64,711 | 43,854 | 5,611 | - | - | - | |
14 |
-35,227 | -18,635 | -23,726 | -41,862 | -52,268 | -52,268 | - | - | - | - | -9,943 | -11,188 | |
17/49 |
19,480 | 21,744 | 40,561 | 24,362 | 33,005 | 11,482 | 17,568 | 31,338 | 15,834 | 8,449 | 18,278 | 19,858 | |
17 |
- | 0 | 4,107 | 8,954 | 13,715 | - | - | 2,060 | 4,743 | 436 | 5,559 | 10,486 | |
170/4 |
- | 0 | 4,107 | 8,954 | 13,715 | - | - | 2,060 | 4,743 | 436 | 5,559 | 10,486 | |
42/48 |
18,122 | 21,744 | 35,280 | 15,408 | 19,291 | 11,482 | 17,548 | 29,278 | 11,091 | 8,013 | 12,719 | 9,372 | |
42 |
0 | 4,107 | 4,847 | 4,760 | 4,646 | 0 | 2,060 | 2,684 | 3,050 | 5,123 | 4,926 | 4,737 | |
43 |
3,931 | 3,376 | - | - | 0 | 3,333 | 3,333 | - | - | - | - | - | |
430/8 |
3,931 | 3,376 | - | - | 0 | 3,333 | 3,333 | - | - | - | - | - | |
44 |
4,302 | 3,303 | 5,310 | 2,537 | 8,060 | 1,670 | 1,133 | 4,129 | 1,264 | 217 | 3,209 | 3,698 | |
440/4 |
4,302 | 3,303 | 5,310 | 2,537 | 8,060 | 1,670 | 1,133 | 4,129 | 1,264 | 217 | 3,209 | 3,698 | |
45 |
9,143 | 10,287 | 19,508 | 8,111 | 6,584 | 6,479 | 10,939 | 20,655 | 5,614 | 2,673 | 1,107 | 780 | |
450/3 |
5,694 | 9,452 | 16,957 | 8,111 | 6,584 | 6,479 | 10,939 | 20,655 | 5,614 | 2,673 | 1,107 | 780 | |
454/9 |
3,450 | 834 | 2,551 | - | - | - | - | - | - | - | - | - | |
47/48 |
746 | 671 | 5,615 | - | - | 0 | 82 | 1,811 | 1,163 | - | 3,476 | 157 | |
492/3 |
1,358 | 0 | 1,174 | - | - | 0 | 20 | - | - | - | - | - | |
| Income statement | |||||||||||||
9900 |
-8,023 | 17,848 | 29,735 | 17,523 | 8,067 | -49,782 | 37,234 | 66,589 | 20,472 | 18,224 | 6,951 | -4,298 | |
630 |
6,209 | 6,200 | 5,523 | 4,235 | 1,225 | 934 | 4,392 | 8,489 | 8,312 | 4,010 | 4,010 | 4,438 | |
640/8 |
1,323 | 1,188 | 1,249 | 1,436 | 862 | 1,125 | 1,179 | 1,115 | 1,385 | 878 | 1,050 | 1,820 | |
9901 |
-15,555 | 10,460 | 22,964 | 11,852 | 5,980 | -51,841 | 31,663 | 56,984 | 10,775 | 13,336 | 1,891 | -10,556 | |
75/76B |
457 | 350 | 32 | 109 | 43 | 7 | - | 0 | 1 | - | 2 | 7 | |
75 |
457 | 350 | 32 | 109 | 43 | 7 | - | 0 | 1 | - | 2 | 7 | |
65/66B |
971 | 1,042 | 951 | 1,065 | 836 | 212 | 328 | 169 | 234 | 324 | 513 | 637 | |
65 |
971 | 1,042 | 951 | 1,065 | 836 | 212 | 328 | 169 | 234 | 324 | 513 | 637 | |
9903 |
-16,068 | 9,768 | 22,044 | 10,896 | 5,187 | -52,047 | 31,335 | 56,815 | 10,543 | 13,012 | 1,379 | -11,186 | |
67/77 |
524 | 4,677 | 3,908 | 491 | 794 | 221 | 10,478 | 17,547 | 4,632 | 2,538 | 134 | 2 | |
9904 |
-16,592 | 5,091 | 18,136 | 10,406 | 4,392 | -52,268 | 20,857 | 39,267 | 5,911 | 10,474 | 1,245 | -11,188 | |
9905 |
-16,592 | 5,091 | 18,136 | 10,406 | 4,392 | -52,268 | 20,857 | 39,267 | 5,911 | 10,474 | 1,245 | -11,188 | |
| Appropriation of the result | |||||||||||||
9906 |
-35,227 | -18,635 | -23,726 | -41,862 | -47,875 | -52,268 | 20,857 | 39,267 | 5,911 | 531 | -9,943 | -11,188 | |
14P |
-18,635 | -23,726 | -41,862 | -52,268 | -52,268 | - | - | - | - | - | - | - | |
791/2 |
- | 0 | 5,911 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 4,392 | 0 | 20,857 | 39,267 | 5,911 | 531 | - | - | |
6920 |
- | - | - | - | - | - | - | 1,024 | 300 | 531 | - | - | |
6921 |
- | - | - | 0 | 4,392 | 0 | 20,857 | 38,243 | 5,611 | - | - | - | |
694/7 |
- | 0 | 5,911 | - | - | - | - | - | - | - | - | - | |
694 |
- | 0 | 5,911 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 9 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 08-05-2026.
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 | 08-05-2026 | 2026-00111960 | |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00112401 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00193415 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00402366 | |
| 31-12-2021 | micro format | 01-09-2022 | 2022-20390582 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61000441 | |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59500434 | |
| 31-12-2018 | micro format | 23-07-2019 | 2019-36400055 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39800227 | |
| 31-12-2016 | micro format | 26-07-2017 | 2017-35800272 | |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-29500344 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-49900303 |
Subsidies and aid
Flemish government 2022 to 2025, 2 entries, €3,010 awarded, €3,010 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,146 | €2,146 |
| 2022 | 1 | €864 | €864 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -9,346 | 16,660 | 28,487 | 16,086 | 7,205 | -50,908 | 36,055 | 65,473 | 19,087 | 17,346 | 5,901 | -6,118 | ||
| -10,383 | 11,291 | 23,659 | 14,640 | 5,618 | -51,334 | 25,248 | 47,757 | 14,223 | 14,484 | 5,255 | -6,750 | ||
| 1,219 | 1,391 | 6,876 | 0 | 21,173 | 0 | 0 | 2,564 | 12,381 | -315 | 0 | 19,000 | ||
| -9,914 | 2,717 | 17,157 | 7,310 | -1,472 | -46,544 | 39,162 | 1,501 | 8,112 | 8,450 | -1,989 | - | ||
| 38,201 | 48,445 | 43,826 | 36,627 | 26,747 | 28,588 | 79,942 | 56,733 | 14,224 | 8,075 | -1,286 | -1,614 | ||
| 69.6% | 73.8% | 58.0% | 64.3% | 50.3% | 71.6% | 82.2% | 65.8% | 57.2% | 64.3% | 20.7% | 15.0% | ||
| 3.11 | 3.23 | 2.24 | 3.38 | 2.39 | 3.49 | 5.56 | 2.94 | 2.28 | 2.01 | 0.90 | 0.83 | ||
| 3.11 | 3.23 | 2.24 | 3.38 | 2.39 | 3.49 | 5.56 | 2.94 | 2.28 | 1.88 | 0.82 | 0.61 | ||
| 0.44 | 0.36 | 0.72 | 0.56 | 0.99 | 0.40 | 0.22 | 0.52 | 0.75 | 0.55 | 3.84 | 5.65 | ||
| -37.3% | 8.3% | 32.4% | 23.8% | 13.2% | -180.2% | 25.7% | 65.0% | 28.0% | 68.8% | 26.2% | -318.5% | ||
| -25.9% | 6.1% | 18.8% | 15.3% | 6.6% | -129.1% | 21.1% | 42.8% | 16.0% | 44.2% | 5.4% | -47.9% | ||
| -9.63 | 15.99 | 29.95 | 15.11 | 8.61 | - | - | - | - | - | - | - |
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 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,219 | €1,391 | €5,861 | - | €21,173 |
| Intangible fixed assets | - | - | €1,015 | - | - |
| €6,209 | €6,200 | €5,523 | €4,235 | €1,225 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Code Zebra
The operating result for 2025 is a loss of €15,555, after a profit of €10,460 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 26.2% to 30.4%. Equity and debt are lower.