D. TRENDS
Annual accounts 2025
micro format, filed on 29-12-2025, 33 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 ≈ €140,000. Estimated: probably between €100,000 and €220,000.
Balance sheet
balance sheet total €194,469 on 30-06-2025in euro
in euro
Position in the sector
88.7%
Higher than 92% of 37,177 companies in 2025.
8.80
Higher than 92% of 36,472 companies in 2025.
10.3%
Higher than 59% of 36,707 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
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 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
194,469 | 178,363 | 177,579 | 170,019 | 187,964 | 186,911 | 178,039 | 141,000 | 145,997 | 141,258 | 144,523 | 165,785 | 127,200 | 129,772 | 123,998 | 108,656 | 111,425 | |
21/28 |
385 | 482 | 853 | 718 | 991 | 2,254 | 2,273 | 1,545 | 2,809 | 4,654 | 8,312 | 23,708 | 25,338 | 36,801 | 24,846 | 21,225 | 30,364 | |
22/27 |
212 | 309 | 680 | 545 | 818 | 2,081 | 2,100 | 1,372 | 2,636 | 4,481 | 8,139 | 23,535 | 25,165 | 36,628 | 24,673 | 21,225 | 30,364 | |
22 |
- | - | - | - | - | - | 120 | 240 | 360 | 479 | 599 | 719 | 839 | 959 | 1,079 | - | - | |
23 |
- | - | 273 | 545 | 818 | 1,764 | 1,347 | 488 | 988 | 1,380 | 1,276 | 2,846 | 4,417 | 5,987 | 1,552 | 837 | 1,396 | |
24 |
212 | 309 | 407 | - | - | 317 | 633 | 644 | 1,288 | 2,622 | 6,264 | 19,969 | 19,909 | 29,681 | 22,042 | 20,387 | 28,968 | |
28 |
173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | - | - | |
29/58 |
194,084 | 177,881 | 176,726 | 169,301 | 186,973 | 184,657 | 175,766 | 139,455 | 143,188 | 136,603 | 136,210 | 142,077 | 101,862 | 92,971 | 99,152 | 87,432 | 81,061 | |
3 |
249 | 581 | 5,880 | 1,071 | 1,897 | 5,236 | 2,781 | 3,228 | 8,275 | 7,286 | 2,387 | 1,573 | 6,882 | 5,785 | 4,045 | 5,088 | 3,044 | |
30/36 |
249 | 581 | 5,880 | 1,071 | 1,897 | 5,236 | 2,781 | 3,228 | 8,275 | 7,286 | 2,387 | 1,573 | 6,882 | 2,785 | 2,045 | 3,588 | 3,044 | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | 2,000 | 1,500 | - | |
40/41 |
4,151 | 3,274 | 6,421 | 22,020 | 16,887 | 22,264 | 15,684 | 14,731 | 9,074 | 9,475 | 13,371 | 18,564 | 13,370 | 15,941 | 29,839 | 10,663 | 35,234 | |
40 |
2,620 | 222 | 6,416 | 19,486 | 16,881 | 22,255 | 12,948 | 14,397 | 8,011 | 5,044 | 7,137 | 16,043 | 11,270 | 12,977 | 24,066 | 7,909 | 26,547 | |
41 |
1,531 | 3,052 | 6 | 2,534 | 7 | 9 | 2,736 | 334 | 1,063 | 4,431 | 6,234 | 2,521 | 2,100 | 2,964 | 5,773 | 2,754 | 8,687 | |
54/58 |
187,616 | 171,870 | 162,384 | 144,267 | 168,035 | 157,157 | 157,043 | 119,776 | 124,143 | 117,484 | 120,185 | 121,663 | 81,340 | 71,131 | 65,017 | 71,268 | 42,667 | |
490/1 |
2,069 | 2,157 | 2,042 | 1,942 | 154 | - | 258 | 1,720 | 1,696 | 2,357 | 267 | 277 | 269 | 115 | 252 | 413 | 116 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
194,469 | 178,363 | 177,579 | 170,019 | 187,964 | 186,911 | 178,039 | 141,000 | 145,997 | 141,258 | 144,523 | 165,785 | 127,200 | 129,772 | 123,998 | 108,656 | 111,425 | |
10/15 |
172,412 | 152,296 | 163,659 | 150,733 | 153,788 | 145,248 | 129,219 | 103,333 | 109,205 | 88,235 | 78,845 | 74,809 | 55,550 | 47,856 | 15,589 | 55,199 | 33,353 | |
10/11 |
14,260 | 14,260 | 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 | 12,400 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 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 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
158,152 | 138,036 | 151,259 | 138,333 | 141,388 | 132,848 | 116,819 | 90,933 | 96,805 | 75,835 | 66,445 | 62,409 | 43,150 | 35,456 | 3,189 | 42,799 | 1,860 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 15,602 | 15,602 | 15,602 | 15,602 | 15,602 | 15,602 | 15,602 | 15,602 | 15,602 | 15,602 | - | - | - | |
133 |
158,152 | 138,036 | 149,399 | 136,473 | 123,926 | 115,386 | 99,357 | 73,471 | 79,343 | 58,373 | 48,983 | 44,947 | 25,688 | 17,994 | 1,329 | 40,939 | - | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19,093 | |
17/49 |
22,057 | 26,067 | 13,920 | 19,286 | 34,176 | 41,663 | 48,820 | 37,668 | 36,792 | 53,023 | 65,677 | 90,975 | 71,650 | 81,916 | 108,409 | 53,457 | 78,072 | |
17 |
- | - | - | 10,000 | 20,000 | 22,000 | 22,000 | 26,000 | 28,000 | 30,000 | 5,571 | 18,430 | 9,924 | 18,990 | 12,556 | 9,539 | 14,473 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 5,571 | 18,430 | 9,924 | 18,990 | 12,556 | 9,539 | 14,473 | |
178/9 |
- | - | - | 10,000 | 20,000 | 22,000 | 22,000 | 26,000 | 28,000 | 30,000 | - | - | - | - | - | - | - | |
42/48 |
22,057 | 26,067 | 12,782 | 9,286 | 14,176 | 19,663 | 26,820 | 11,668 | 8,792 | 22,985 | 60,102 | 72,538 | 61,720 | 62,665 | 95,651 | 43,892 | 63,581 | |
42 |
- | - | - | - | - | - | - | - | - | 5,571 | 10,721 | 7,881 | 9,066 | 13,176 | 8,983 | 4,934 | 4,752 | |
44 |
1,577 | 1,309 | 1,964 | 5,470 | 4,258 | 2,087 | 8,534 | 10,160 | 4,352 | 13,997 | 12,844 | 21,097 | 10,251 | 4,637 | 24,904 | 12,047 | 15,937 | |
440/4 |
1,577 | 1,309 | 1,964 | 5,470 | 4,258 | 2,087 | 8,534 | 10,160 | 4,352 | 13,997 | 12,844 | 21,097 | 10,251 | 4,637 | 24,904 | 12,047 | 15,937 | |
46 |
- | - | - | - | - | 6,000 | 6,536 | 350 | - | - | 285 | 143 | - | - | 7,392 | - | 451 | |
45 |
29 | 1 | 2,565 | 221 | 7,971 | 7,909 | 10,218 | 376 | 3,204 | 554 | - | 2,773 | 402 | 24 | 6,572 | 9,377 | 9,083 | |
450/3 |
29 | 1 | 2,565 | 221 | 7,971 | 7,909 | 10,218 | 376 | 3,204 | 554 | - | 2,773 | 402 | 24 | 6,572 | 9,377 | 9,083 | |
47/48 |
20,451 | 24,757 | 8,253 | 3,595 | 1,947 | 3,668 | 1,531 | 782 | 1,237 | 2,863 | 36,253 | 40,644 | 42,001 | 44,827 | 47,800 | 17,535 | 33,358 | |
492/3 |
- | - | 1,138 | - | - | - | - | - | - | 38 | 4 | 7 | 5 | 261 | 202 | 26 | 18 | |
| Income statement | ||||||||||||||||||
9900 |
30,447 | 39,349 | 19,255 | 2,381 | 15,580 | 23,394 | 38,599 | -3,609 | 34,534 | 22,614 | 19,575 | 44,607 | 22,933 | 54,272 | 13,809 | 41,967 | 58,716 | |
630 |
98 | 370 | 354 | 273 | 1,263 | 1,382 | 2,122 | 1,264 | 3,978 | 5,958 | 15,396 | 18,018 | 11,463 | 14,834 | 11,370 | 10,916 | 17,412 | |
640/8 |
1,216 | 1,362 | 1,277 | 1,544 | 1,320 | 1,111 | 809 | 1,374 | 1,031 | 1,234 | 827 | 817 | 1,149 | 2,269 | 2,649 | 1,558 | 1,807 | |
9901 |
29,133 | 37,616 | 17,623 | 565 | 12,998 | 20,901 | 35,668 | -6,247 | 29,524 | 15,422 | 3,352 | 25,773 | 10,322 | 37,170 | -209 | 29,493 | 39,497 | |
75/76B |
1,016 | 222 | 1,430 | 1,259 | 1,072 | 1,424 | 2,190 | 1,152 | 1,209 | 2,353 | 2,093 | 2,058 | 1,941 | 2,568 | 2,468 | 3,245 | 1,984 | |
75 |
1,016 | 222 | 1,430 | 1,259 | 1,072 | 1,424 | 2,190 | 1,152 | 1,209 | 2,353 | 2,093 | 2,058 | 1,941 | 2,568 | 2,468 | 3,245 | 1,984 | |
65/66B |
509 | 454 | 662 | 820 | 1,418 | 1,755 | 2,421 | 605 | 2,182 | 2,316 | 586 | 774 | 1,369 | 999 | 1,584 | 2,539 | 146 | |
65 |
509 | 454 | 662 | 820 | 1,418 | 1,755 | 2,421 | 605 | 2,182 | 2,316 | 586 | 774 | 1,369 | 999 | 1,584 | 2,539 | 146 | |
9903 |
29,640 | 37,383 | 18,392 | 1,003 | 12,652 | 20,570 | 35,437 | -5,700 | 28,551 | 15,458 | 4,860 | 27,056 | 10,893 | 38,739 | 675 | 30,199 | 41,335 | |
67/77 |
9,525 | 12,359 | 5,466 | 4,059 | 4,111 | 4,542 | 9,550 | 172 | 7,582 | 6,069 | 823 | 7,797 | 3,199 | 6,473 | 285 | 8,353 | 7,882 | |
9904 |
20,116 | 25,024 | 12,926 | -3,055 | 8,541 | 16,028 | 25,886 | -5,872 | 20,970 | 9,390 | 4,036 | 19,260 | 7,694 | 32,266 | 390 | 21,846 | 33,453 | |
789 |
- | - | - | 15,602 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 15,602 | - | - | - | |
9905 |
20,116 | 25,024 | 12,926 | 12,547 | 8,541 | 16,028 | 25,886 | -5,872 | 20,970 | 9,390 | 4,036 | 19,260 | 7,694 | 16,664 | 390 | 21,846 | 33,453 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
20,116 | 25,024 | 12,926 | 12,547 | 8,541 | 16,028 | 25,886 | -5,872 | 20,970 | 9,390 | 4,036 | 19,260 | 7,694 | 16,664 | 390 | 40,939 | 33,453 | |
791/2 |
- | 36,387 | - | - | - | - | - | 5,872 | - | - | - | - | - | - | 39,610 | - | - | |
691/2 |
20,116 | 25,024 | 12,926 | 12,547 | 8,541 | 16,028 | 25,886 | - | 20,970 | 9,390 | 4,036 | 19,260 | 7,694 | 16,664 | - | 40,939 | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
20,116 | 25,024 | 12,926 | 12,547 | 8,541 | 16,028 | 25,886 | - | 20,970 | 9,390 | 4,036 | 19,260 | 7,694 | 16,664 | - | 40,939 | - | |
694/7 |
- | 36,387 | - | - | - | - | - | - | - | - | - | - | - | - | 40,000 | - | 12,500 | |
694 |
- | 36,387 | - | - | - | - | - | - | - | - | - | - | - | - | 40,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,500 | |
| Document | ||||||||||||||||||
The notes to these accounts have 5 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 29-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-12-2025 | 2025-00591328 | |
| 30-06-2024 | micro format | 28-12-2024 | 2024-00626141 | |
| 30-06-2023 | micro format | 28-12-2023 | 2023-00538242 | |
| 30-06-2022 | micro format | 22-12-2022 | 2022-20543576 | |
| 30-06-2021 | micro format | 22-12-2021 | 2021-81700429 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-04100351 | |
| 30-06-2019 | micro format | 28-01-2020 | 2020-02600057 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03700065 | |
| 30-06-2017 | micro format | 08-02-2018 | 2018-04700581 | |
| 30-06-2016 | abbreviated format | 25-01-2017 | 2017-02300055 | |
| 30-06-2015 | abbreviated format | 07-01-2016 | 2016-00700594 | |
| 30-06-2014 | abbreviated format | 09-01-2015 | 2015-01100010 | |
| 30-06-2013 | abbreviated format | 23-01-2014 | 2014-01400238 | |
| 30-06-2012 | abbreviated format | 04-02-2013 | 2013-02800376 | |
| 30-06-2011 | abbreviated format | 23-02-2012 | 2012-04400060 | |
| 30-06-2010 | abbreviated format | 22-02-2011 | 2011-04200072 | |
| 30-06-2009 | abbreviated format | 29-03-2010 | 2010-08300271 |
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 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29,231 | 37,986 | 17,977 | 837 | 14,260 | 22,283 | 37,790 | -4,983 | 33,502 | 21,380 | 18,748 | 43,790 | 21,784 | 52,003 | 11,161 | 40,409 | 56,909 | ||
| 20,214 | 25,394 | 13,280 | -2,783 | 9,803 | 17,411 | 28,008 | -4,608 | 24,948 | 15,347 | 19,432 | 37,277 | 19,157 | 47,100 | 11,760 | 32,762 | 50,865 | ||
| 0 | 0 | 488 | 0 | 0 | 1,364 | 2,850 | 0 | 2,132 | 2,300 | 0 | 16,387 | 0 | 28,261 | 24,810 | 1,777 | 46,926 | ||
| 15,746 | 9,486 | 18,116 | -23,767 | 10,878 | 114 | 37,267 | -4,367 | 6,659 | -2,701 | -1,478 | 40,323 | 10,210 | 6,114 | -6,251 | 28,600 | - | ||
| 172,027 | 151,814 | 163,944 | 160,014 | 172,797 | 164,994 | 148,946 | 127,788 | 134,396 | 113,618 | 76,108 | 69,538 | 40,142 | 30,306 | 3,501 | 43,539 | 17,479 | ||
| 88.7% | 85.4% | 92.2% | 88.7% | 81.8% | 77.7% | 72.6% | 73.3% | 74.8% | 62.5% | 54.6% | 45.1% | 43.7% | 36.9% | 12.6% | 50.8% | 29.9% | ||
| 8.80 | 6.82 | 13.83 | 18.23 | 13.19 | 9.39 | 6.55 | 11.95 | 16.29 | 5.94 | 2.27 | 1.96 | 1.65 | 1.48 | 1.04 | 1.99 | 1.27 | ||
| 8.79 | 6.80 | 13.37 | 18.12 | 13.06 | 9.12 | 6.45 | 11.68 | 15.34 | 5.63 | 2.23 | 1.94 | 1.54 | 1.39 | 0.99 | 1.88 | 1.23 | ||
| 0.13 | 0.17 | 0.09 | 0.13 | 0.22 | 0.29 | 0.38 | 0.36 | 0.34 | 0.60 | 0.83 | 1.22 | 1.29 | 1.71 | 6.95 | 0.97 | 2.34 | ||
| 11.7% | 16.4% | 7.9% | -2.0% | 5.6% | 11.0% | 20.0% | -5.7% | 19.2% | 10.6% | 5.1% | 25.7% | 13.9% | 67.4% | 2.5% | 39.6% | 100.3% | ||
| 10.3% | 14.0% | 7.3% | -1.8% | 4.5% | 8.6% | 14.5% | -4.2% | 14.4% | 6.6% | 2.8% | 11.6% | 6.0% | 24.9% | 0.3% | 20.1% | 30.0% | ||
| 57.48 | 83.62 | 27.18 | 1.02 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €488 | - |
| €98 | €370 | €354 | €273 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on D. TRENDS
The operating result for 2025 is 23% lower than in 2024.
Debt's share of the balance-sheet total falls from 14.6% to 11.3%. Equity is higher and debt is lower.