Codeshare
Annual accounts 2025
abbreviated format, filed on 23-06-2026, 38 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €760,000 and €1.8m.
Balance sheet
balance sheet total €493,701 on 31-12-2025in euro
in euro
Position in the sector
83.4%
Higher than 84% of 3,406 companies in 2025.
5.44
Higher than 83% of 3,267 companies in 2025.
15.7%
Higher than 67% of 3,315 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff
€70,505
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left. Training hours in 2025: 257.
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 |
493,701 | 418,512 | 246,587 | |
21/28 |
49,797 | 4,725 | 7,095 | |
21 |
3,099 | - | - | |
22/27 |
46,698 | 4,725 | 7,095 | |
23 |
2,972 | 4,725 | 6,478 | |
24 |
- | 0 | 617 | |
26 |
43,726 | - | - | |
29/58 |
443,904 | 413,787 | 239,492 | |
40/41 |
71,494 | 90,161 | 83,289 | |
40 |
54,960 | 76,404 | 82,793 | |
41 |
16,534 | 13,756 | 496 | |
54/58 |
367,926 | 319,409 | 154,746 | |
490/1 |
4,484 | 4,218 | 1,458 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
493,701 | 418,512 | 246,587 | |
10/15 |
411,751 | 339,934 | 139,173 | |
10/11 |
1,800 | 1,500 | 1,500 | |
13 |
409,951 | 338,434 | 137,673 | |
133 |
409,951 | 338,434 | 137,673 | |
14 |
0 | 0 | 0 | |
16 |
- | - | 0 | |
160/5 |
- | - | 0 | |
164/5 |
- | - | 0 | |
17/49 |
81,950 | 78,578 | 107,414 | |
42/48 |
81,643 | 73,983 | 107,414 | |
44 |
28,100 | 19,111 | 19,315 | |
440/4 |
28,100 | 19,111 | 19,315 | |
45 |
47,640 | 51,452 | 84,731 | |
450/3 |
16,932 | 27,407 | 66,580 | |
454/9 |
30,708 | 24,045 | 18,151 | |
47/48 |
5,902 | 3,419 | 3,369 | |
492/3 |
308 | 4,596 | - | |
| Income statement | ||||
9900 |
421,979 | 439,885 | 300,365 | |
62 |
338,423 | 210,577 | 185,597 | |
630 |
5,389 | 2,370 | 2,451 | |
640/8 |
3,730 | 628 | 499 | |
9901 |
74,437 | 226,310 | 111,818 | |
75/76B |
5,237 | 3,417 | 0 | |
75 |
5,237 | 3,417 | 0 | |
65/66B |
433 | 340 | 319 | |
65 |
433 | 340 | 319 | |
9903 |
79,241 | 229,387 | 111,499 | |
67/77 |
1,821 | 25,206 | 9,504 | |
9904 |
77,419 | 204,181 | 101,995 | |
9905 |
77,419 | 204,181 | 101,995 | |
| Appropriation of the result | ||||
9906 |
77,419 | 204,181 | 251,995 | |
14P |
- | 0 | 150,000 | |
691/2 |
71,517 | 200,762 | 98,995 | |
6921 |
71,517 | 200,762 | 98,995 | |
694/7 |
5,902 | 3,419 | 153,000 | |
694 |
- | 0 | 150,000 | |
696 |
5,902 | - | - | |
697 |
- | 3,419 | 3,000 | |
| Social balance sheet | ||||
9087 |
4.8 | 3.5 | 3.3 | |
Hours worked1013 |
8,226 | 5,942 | 5,735 | |
| Document | ||||
The notes to these accounts have 11 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 23-06-2026.
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 |
|---|---|---|---|---|
| 79,826 | 228,680 | 114,269 | ||
| 82,809 | 206,551 | 104,446 | ||
| 50,462 | 0 | - | ||
| 48,517 | 164,663 | - | ||
| 362,261 | 339,805 | 132,078 | ||
| 83.4% | 81.2% | 56.4% | ||
| 5.44 | 5.59 | 2.23 | ||
| 0.20 | 0.23 | 0.77 | ||
| 18.8% | 60.1% | 73.3% | ||
| 15.7% | 48.8% | 41.4% | ||
| over 100 | over 100 | over 100 |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 3 |
| full-time | 5 | 5 | 3 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 5 | 5 | 3 |
| 4.8 | 3.5 | 3.3 | |
| On a permanent contract | 5 | 5 | 3 |
| Joined | 1 | 2 | 0 |
| Left | 1 | 0 | 1 |
| Training hours | 257 | 184 | 178 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €46,782 | - | - |
| Intangible fixed assets | €3,680 | - | - |
| €5,389 | €2,370 | €2,451 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Codeshare
The operating result for 2025 is 67% lower than in 2024 and the lowest since 2023.
Debt's share of the balance-sheet total falls from 18.8% to 16.6%. Equity and debt are higher.