CValue
Annual accounts 2025
micro format, filed on 22-04-2026, 8 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 ≈ €160,000. Estimated: probably between €110,000 and €290,000.
Balance sheet
balance sheet total €133,153 on 30-09-2025in euro
in euro
Position in the sector
83.2%
Higher than 80% of 2,301 companies in 2025.
5.50
Higher than 79% of 2,198 companies in 2025.
22.2%
Higher than 62% of 2,232 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 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
133,153 | 97,967 | 84,140 | 99,389 | 78,124 | 103,267 | 90,274 | 102,037 | 99,750 | 104,264 | 97,194 | 76,101 | 84,387 | 78,613 | |
21/28 |
13,566 | 16,986 | 25,748 | 30,411 | 6,630 | 10,708 | 14,767 | 19,174 | 27,192 | 8,696 | 9,742 | 12,664 | 16,876 | 29,208 | |
22/27 |
13,566 | 16,986 | 25,748 | 30,411 | 6,630 | 10,708 | 14,767 | 19,174 | 27,192 | 8,696 | 9,742 | 12,664 | 16,876 | 29,208 | |
22 |
- | - | - | 9 | 99 | 190 | 281 | 438 | 1,785 | 3,155 | 4,554 | 5,083 | 6,354 | 2,737 | |
23 |
4,500 | 1,215 | 1,858 | - | - | 330 | 660 | 0 | 576 | 1,153 | 683 | 910 | 57 | 401 | |
24 |
9,066 | 15,771 | 23,890 | 30,402 | 6,531 | 10,189 | 13,827 | 18,736 | 24,831 | 4,388 | 4,505 | 6,670 | 10,464 | 26,070 | |
29/58 |
119,587 | 80,981 | 58,393 | 68,978 | 71,494 | 92,559 | 75,507 | 82,863 | 72,558 | 95,568 | 87,452 | 63,436 | 67,511 | 49,405 | |
40/41 |
28,429 | 13,037 | 22,072 | 17,638 | 11,918 | 24,137 | 33,303 | 79,798 | 17,067 | 20,537 | 27,273 | 14,821 | 4,985 | 23,057 | |
40 |
28,429 | 13,030 | 21,730 | 16,604 | 6,049 | 20,988 | 33,303 | 65,043 | 8,921 | 20,537 | 27,273 | 14,484 | 4,985 | 23,057 | |
41 |
0 | 7 | 342 | 1,034 | 5,869 | 3,150 | - | 14,755 | 8,145 | - | - | 337 | - | - | |
54/58 |
71,761 | 37,457 | 24,385 | 41,209 | 58,775 | 67,640 | 41,440 | 3,065 | 50,491 | 75,031 | 60,178 | 48,616 | 62,526 | 26,348 | |
490/1 |
19,397 | 30,487 | 11,936 | 10,131 | 800 | 781 | 764 | - | 5,000 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
133,153 | 97,967 | 84,140 | 99,389 | 78,124 | 103,267 | 90,274 | 102,037 | 99,750 | 104,264 | 97,194 | 76,101 | 84,387 | 78,613 | |
10/15 |
110,777 | 81,163 | 65,817 | 53,931 | 49,304 | 62,345 | 68,915 | 69,261 | 74,022 | 69,581 | 61,643 | 44,471 | 43,621 | 34,073 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
98,377 | 68,763 | 53,417 | 41,531 | 36,904 | 49,945 | 56,515 | 56,861 | 61,622 | 57,181 | 49,243 | 32,071 | 31,221 | 21,673 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 4,750 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | 10,750 | |
133 |
96,517 | 66,903 | 51,557 | 39,671 | 30,294 | 32,585 | 39,155 | 39,501 | 44,262 | 39,821 | 31,883 | 14,711 | 13,861 | 9,063 | |
14 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
22,376 | 16,804 | 18,323 | 45,458 | 28,820 | 40,922 | 21,360 | 32,776 | 25,728 | 34,684 | 35,551 | 31,630 | 40,766 | 44,540 | |
17 |
- | - | - | 3,149 | - | - | - | - | - | - | - | - | 2,288 | 9,010 | |
170/4 |
- | - | - | 3,149 | - | - | - | - | - | - | - | - | 2,288 | 9,010 | |
42/48 |
21,736 | 15,107 | 17,461 | 41,732 | 28,820 | 40,441 | 20,962 | 32,265 | 25,728 | 34,684 | 35,551 | 31,630 | 38,478 | 35,530 | |
42 |
- | 0 | 3,149 | 7,506 | - | - | - | - | - | - | - | 2,288 | 6,722 | 6,516 | |
44 |
867 | 458 | 85 | 4,976 | 28 | 2,054 | 1,261 | 8,216 | 3,847 | 9,598 | 10,474 | 16,595 | 7,572 | 7,556 | |
440/4 |
867 | 458 | 85 | 4,976 | 28 | 2,054 | 1,261 | 8,216 | 3,847 | 9,598 | 10,474 | 16,595 | 7,572 | 7,556 | |
45 |
14,569 | 8,091 | 8,161 | 6,467 | 3,613 | 10,200 | 8,164 | 16,007 | 12,899 | 11,455 | 12,769 | 1,541 | 7,245 | 8,981 | |
450/3 |
14,569 | 8,091 | 8,161 | 6,467 | 3,613 | 10,200 | 8,164 | 16,007 | 12,899 | 11,455 | 12,769 | 1,541 | 7,245 | 8,981 | |
47/48 |
6,300 | 6,559 | 6,066 | 22,783 | 25,179 | 28,187 | 11,538 | 8,042 | 8,982 | 13,630 | 12,308 | 11,207 | 16,939 | 12,478 | |
492/3 |
640 | 1,697 | 863 | 577 | - | 481 | 397 | 511 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
76A |
- | - | - | 49 | - | - | - | - | - | - | - | - | - | - | |
9900 |
54,759 | 32,417 | 27,820 | 10,309 | 14,167 | 25,390 | 9,306 | 12,080 | 12,447 | 18,583 | 34,229 | 15,943 | 26,988 | 57,091 | |
630 |
8,825 | 8,762 | 8,588 | 5,870 | 7,508 | 7,475 | 7,350 | 10,060 | 10,462 | 4,829 | 7,006 | 12,221 | 12,332 | 26,246 | |
640/8 |
579 | 563 | 532 | 541 | 542 | 555 | 909 | 4,553 | 464 | 586 | 577 | 576 | 959 | 472 | |
66A |
- | - | - | 468 | - | - | - | - | - | - | - | - | - | - | |
9901 |
45,356 | 23,092 | 18,700 | 3,430 | 6,117 | 17,360 | 1,047 | -2,532 | 1,521 | 13,168 | 26,646 | 3,145 | 13,696 | 30,373 | |
75/76B |
94 | 64 | - | 11,765 | 3 | 7 | 1 | 27 | 5,697 | 102 | 196 | 318 | 164 | 141 | |
75 |
94 | 64 | - | 0 | 3 | 7 | 1 | 27 | 47 | 102 | 196 | 318 | 164 | 141 | |
76B |
- | - | - | 11,765 | - | - | - | - | 5,650 | - | - | - | - | - | |
65/66B |
1,166 | 576 | 1,073 | 859 | 133 | 614 | 807 | 1,679 | 285 | 902 | 997 | 1,301 | 1,658 | 2,203 | |
65 |
1,166 | 576 | 1,073 | 859 | 133 | 614 | 807 | 1,679 | 285 | 902 | 997 | 1,301 | 1,658 | 2,203 | |
9903 |
44,284 | 22,580 | 17,627 | 14,337 | 5,988 | 16,753 | 241 | -4,184 | 6,932 | 12,369 | 25,845 | 2,162 | 12,203 | 28,311 | |
67/77 |
14,670 | 6,512 | 4,908 | 4,468 | 4,644 | 5,350 | 588 | 577 | 2,491 | 4,431 | 8,673 | 1,312 | 2,654 | 6,638 | |
9904 |
29,615 | 16,068 | 12,719 | 9,869 | 1,344 | 11,403 | -347 | -4,761 | 4,442 | 7,938 | 17,172 | 850 | 9,548 | 21,673 | |
789 |
- | - | - | 4,750 | 10,750 | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,750 | 10,750 | |
9905 |
29,615 | 16,068 | 12,719 | 14,619 | 12,094 | 11,403 | -347 | -4,761 | 4,442 | 7,938 | 17,172 | 850 | 4,798 | 10,923 | |
| Appropriation of the result | |||||||||||||||
9906 |
29,615 | 16,068 | 12,719 | 14,619 | 12,094 | 11,403 | -347 | -4,761 | 4,442 | 7,938 | 17,172 | 850 | 4,798 | 10,923 | |
791/2 |
0 | 722 | 833 | 5,242 | 14,385 | 17,972 | 347 | 4,761 | - | - | - | - | - | - | |
691/2 |
29,615 | 16,068 | 12,719 | 14,619 | 12,094 | 11,403 | - | - | 4,442 | 7,938 | 17,172 | 850 | 4,798 | 10,923 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
29,615 | 16,068 | 12,719 | 14,619 | 12,094 | 11,403 | - | - | 4,442 | 7,938 | 17,172 | 850 | 4,798 | 9,063 | |
694/7 |
0 | 722 | 833 | 5,242 | 14,385 | 17,972 | - | - | - | - | - | - | - | - | |
694 |
0 | 722 | 833 | 5,242 | 14,385 | 17,972 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 7 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 22-04-2026.
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 | 22-04-2026 | 2026-00090266 | |
| 30-09-2024 | micro format | 22-04-2025 | 2025-00072247 | |
| 30-09-2023 | micro format | 23-04-2024 | 2024-00068682 | |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00067985 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09000594 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-13300363 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10900329 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11200556 | |
| 30-09-2017 | micro format | 18-02-2019 | 2019-05200169 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-07800128 | |
| 30-09-2015 | abbreviated format | 30-03-2016 | 2016-08000350 | |
| 30-09-2014 | abbreviated format | 25-03-2015 | 2015-07000298 | |
| 30-09-2013 | abbreviated format | 26-03-2014 | 2014-07900405 | |
| 30-09-2012 | abbreviated format | 26-04-2013 | 2013-10000012 |
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 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54,180 | 31,854 | 27,288 | 9,300 | 13,625 | 24,836 | 8,398 | 7,528 | 11,983 | 17,997 | 33,652 | 15,367 | 26,028 | 56,619 | ||
| 38,439 | 24,830 | 21,307 | 15,739 | 8,852 | 18,878 | 7,004 | 5,299 | 14,903 | 12,767 | 24,178 | 13,071 | 21,881 | 47,919 | ||
| 5,405 | 0 | 3,925 | 31,150 | 3,429 | 3,416 | 2,944 | 2,042 | 28,958 | 3,783 | 4,084 | 8,010 | 0 | 55,454 | ||
| 34,304 | 13,072 | -16,824 | -17,567 | -8,865 | 26,200 | 38,375 | -47,426 | -24,540 | 14,853 | 11,563 | -13,911 | 36,178 | - | ||
| 97,851 | 65,873 | 40,932 | 27,246 | 42,674 | 52,118 | 54,544 | 50,598 | 46,830 | 60,885 | 51,901 | 31,806 | 29,033 | 13,874 | ||
| 83.2% | 82.8% | 78.2% | 54.3% | 63.1% | 60.4% | 76.3% | 67.9% | 74.2% | 66.7% | 63.4% | 58.4% | 51.7% | 43.3% | ||
| 5.50 | 5.36 | 3.34 | 1.65 | 2.48 | 2.29 | 3.60 | 2.57 | 2.82 | 2.76 | 2.46 | 2.01 | 1.75 | 1.39 | ||
| 0.20 | 0.21 | 0.28 | 0.84 | 0.58 | 0.66 | 0.31 | 0.47 | 0.35 | 0.50 | 0.58 | 0.71 | 0.93 | 1.31 | ||
| 26.7% | 19.8% | 19.3% | 18.3% | 2.7% | 18.3% | -0.5% | -6.9% | 6.0% | 11.4% | 27.9% | 1.9% | 21.9% | 63.6% | ||
| 22.2% | 16.4% | 15.1% | 9.9% | 1.7% | 11.0% | -0.4% | -4.7% | 4.5% | 7.6% | 17.7% | 1.1% | 11.3% | 27.6% | ||
| 46.47 | 55.35 | 25.43 | 10.83 | - | - | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|
| Tangible fixed assets | €5,405 | - | €3,925 | €31,150 |
| €8,825 | €8,762 | €8,588 | €5,870 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on CValue
The operating result for 2025 is 96% higher than in 2024 and the highest since 2012. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 17.2% to 16.8%. Equity and debt are higher.