Turnover€36.38M+21.1%
EBIT margin2.2%+0.8pp
Net result€416k+432.2%
Working capital€-1.84M+1.2%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 17-04-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
growing
Equity: growth of ~122.7%/year over 3 fiscal years — indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 10 — Food manufacturing · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.7% | 26.6% | |
| Net result | €416k | €13k | |
| Equity | €618k | €37k | |
| Total assets | €10.79M | €187k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€36.38M
+21.1%
23–25
€1.29M
+48.3%
23–25
€416k
+432.2%
23–25
€910k
+67.0%
23–25
€10.79M
+16.5%
23–25
€618k
+206.6%
23–25
€-1.84M
+1.2%
23–25
20
+14.9%
23–25
€1.05M
+18.4%
23–25
€83k
+32078.0%
23–25
€10.17M
+12.3%
23–25
€8.22M
+25.2%
23–25
€1.95M
-21.7%
23–25
0.78
+8.3%
23–25
0.72
+7.0%
23–25
5.7%
+163.1%
23–25
16.46
-63.4%
23–25
67.4%
+73.5%
23–25
3.9%
+356.6%
23–25
1.1%
+339.6%
23–25
3.6%
+22.5%
23–25
3.99
+48.8%
23–25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €36.38M |
| EBITDA | €1.29M |
| Net profit | €416k |
| Cash flow | €910k |
| Staff costs | €1.05M |
| Income taxes | €83k |
| Dividends | — |
| Total assets | €10.79M |
| Equity | €618k |
| Debt | €10.17M |
| of which ≤ 1y | €8.22M |
| of which > 1y | €1.95M |
| Working capital | €-1.84M |
| Employees (FTE) | 20.1 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.78 |
| Quick ratio | 0.72 |
| Working capital ratio | -17.0% |
| Solvency | 5.7% |
| Debt / equity | 16.46 |
| Long-term debt ratio | 3.16 |
| Interest coverage | 3.99 |
| Gross margin | 15.4% |
| Net margin | 1.1% |
| ROA | 3.9% |
| ROE | 67.4% |
| EBITDA margin | 3.6% |
| Days sales outstanding | 42d |
| Days payable outstanding | 72d |
| Inventory turnover | 66.86 |
| Days inventory (DSI) | 5d |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €10.79M |
| Fixed assets | 21/28 | €4.33M |
| Formation expenses | 20 | €75k |
| Intangible fixed assets | 21 | €155k |
| Tangible fixed assets | 22/27 | €4.18M |
| Current assets | 29/58 | €6.38M |
| Stocks & contracts in progress | 3 | €461k |
| Amounts receivable within one year | 40/41 | €4.65M |
| Cash & bank | 54/58 | €1.05M |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €10.79M |
| Equity | 10/15 | €618k |
| Contributions / capital | 10/11 | €400k |
| Accumulated profits (losses) | 14 | €218k |
| Amounts payable | 17/49 | €10.17M |
| Amounts payable after one year | 17 | €1.95M |
| Amounts payable within one year | 42/48 | €8.22M |
| Trade debts payable within one year | 44 | €6.06M |
| Income statement | ||
| Turnover | 70 | €36.38M |
| Operating result | 9901 | €799k |
| Financial income | 75 | €25k |
| Financial charges | 65 | €325k |
| Result before taxes | 9903 | €499k |
| Income taxes | 67/77 | €83k |
| Net result for the period | 9904 | €416k |
| Result to be appropriated | 9905 | €416k |
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Ratios computed by Checked.
Health barometer
FY 2025 · computed58
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Fair
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See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.