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Annual accounts 2025
micro format, filed on 09-04-2026, 113 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 €130,000 and €190,000.
Balance sheet
balance sheet total €34,193 on 31-12-2025in euro
in euro
Position in the sector
58.6%
Higher than 49% of 21,217 companies in 2025.
2.42
Higher than 50% of 20,581 companies in 2025.
159.1%
Higher than 95% of 20,756 companies in 2025.
Net result: middle half · Equity: bottom quarter · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
34,193 | 96,412 | 111,694 | 76,384 | 86,736 | 114,507 | 129,591 | 172,801 | 149,192 | 109,091 | 71,774 | |
21/28 |
4,579 | 6,932 | 7,181 | 17,572 | 29,618 | 41,829 | 50,277 | 8,601 | 3,923 | 5,919 | 6,352 | |
22/27 |
4,579 | 6,932 | 7,181 | 17,572 | 29,618 | 41,829 | 50,277 | 8,601 | 3,923 | 5,919 | 6,352 | |
23 |
- | - | - | - | 1,432 | 2,148 | 2,864 | - | - | - | - | |
24 |
2,511 | 4,051 | 3,422 | 13,661 | 23,347 | 33,914 | 38,611 | 768 | 1,821 | 2,989 | 2,593 | |
26 |
2,068 | 2,880 | 3,759 | 3,910 | 4,838 | 5,767 | 8,803 | 7,833 | 2,102 | 2,931 | 3,759 | |
29/58 |
29,614 | 89,480 | 104,513 | 58,813 | 57,119 | 72,678 | 79,314 | 164,200 | 145,269 | 103,172 | 65,421 | |
40/41 |
11,564 | 15,722 | 16,398 | 19,825 | 22,286 | 18,519 | 19,952 | 29,952 | 36,729 | 17,786 | 14,415 | |
40 |
9,695 | 13,758 | 16,398 | 17,164 | 18,542 | 18,300 | 11,611 | 26,447 | 36,729 | 17,786 | 14,415 | |
41 |
1,870 | 1,964 | - | 2,662 | 3,744 | 219 | 8,342 | 3,506 | - | - | - | |
54/58 |
16,501 | 71,296 | 86,719 | 37,659 | 32,421 | 51,793 | 55,433 | 131,082 | 105,464 | 84,330 | 49,550 | |
490/1 |
1,548 | 2,462 | 1,396 | 1,329 | 2,411 | 2,367 | 3,929 | 3,166 | 3,076 | 1,055 | 1,456 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
34,193 | 96,412 | 111,694 | 76,384 | 86,736 | 114,507 | 129,591 | 172,801 | 149,192 | 109,091 | 71,774 | |
10/15 |
20,040 | 25,636 | 25,602 | 25,596 | 25,504 | 25,424 | 25,346 | 22,830 | 114,721 | 75,452 | 41,924 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
1,440 | 7,036 | 4,086 | 4,086 | 4,086 | 4,086 | 4,086 | 1,860 | 106,860 | 66,860 | 31,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
132 |
- | 2,226 | 2,226 | 2,226 | 2,226 | 2,226 | 2,226 | - | - | - | - | |
133 |
1,440 | 4,810 | 1,860 | - | - | - | - | - | 105,000 | 65,000 | 30,000 | |
14 |
- | - | 2,916 | 2,910 | 2,818 | 2,738 | 2,659 | 2,370 | 1,661 | 2,392 | 3,864 | |
17/49 |
14,153 | 70,776 | 86,092 | 50,788 | 61,232 | 89,083 | 104,246 | 149,971 | 34,471 | 33,640 | 29,849 | |
42/48 |
12,253 | 68,876 | 83,538 | 47,679 | 59,232 | 86,696 | 101,946 | 147,682 | 32,121 | 31,297 | 27,339 | |
43 |
119 | 384 | 65 | 80 | 151 | 147 | 43 | 670 | 359 | - | - | |
430/8 |
119 | 384 | 65 | 80 | 151 | 147 | 43 | 670 | 359 | - | - | |
44 |
1,388 | 851 | 992 | 853 | 886 | 200 | 462 | 2,091 | 2,294 | 1,464 | 1,430 | |
440/4 |
1,388 | 851 | 992 | 853 | 886 | 200 | 462 | 2,091 | 2,294 | 1,464 | 1,430 | |
45 |
10,746 | 16,540 | 17,338 | 13,333 | 6,622 | 30,849 | 9,503 | 25,157 | 23,201 | 26,734 | 21,565 | |
450/3 |
10,746 | 14,440 | 13,138 | 7,033 | 2,622 | 24,849 | 7,503 | 25,157 | 20,201 | 23,734 | 21,565 | |
454/9 |
- | 2,100 | 4,200 | 6,300 | 4,000 | 6,000 | 2,000 | - | 3,000 | 3,000 | - | |
47/48 |
- | 51,100 | 65,143 | 33,414 | 51,574 | 55,500 | 91,938 | 119,765 | 6,267 | 3,100 | 4,344 | |
492/3 |
1,900 | 1,900 | 2,554 | 3,109 | 2,000 | 2,387 | 2,300 | 2,289 | 2,350 | 2,342 | 2,511 | |
| Income statement | ||||||||||||
9900 |
74,215 | 68,389 | 84,529 | 63,202 | 69,558 | 83,187 | 77,504 | 46,324 | 60,141 | 51,859 | 57,744 | |
630 |
2,828 | 2,891 | 12,877 | 12,731 | 13,024 | 12,425 | 14,473 | 2,520 | 2,459 | 2,854 | 3,662 | |
631/4 |
- | 163 | - | 18,804 | - | - | - | - | - | - | - | |
640/8 |
2,158 | 505 | 1,049 | 2,366 | 1,214 | 575 | 791 | 2,004 | 1,066 | 367 | 1,359 | |
66A |
- | - | - | - | - | - | - | - | - | 353 | - | |
9901 |
69,229 | 64,829 | 70,603 | 29,301 | 55,319 | 70,187 | 62,241 | 41,800 | 56,616 | 48,285 | 52,723 | |
75/76B |
- | 0 | 1 | - | 0 | 1 | - | - | - | - | 1 | |
75 |
- | 0 | 1 | - | 0 | 1 | - | - | - | - | 1 | |
65/66B |
181 | 302 | 762 | 271 | 183 | 342 | 379 | 597 | 805 | 1,103 | 1,782 | |
65 |
181 | 302 | 762 | 271 | 183 | 342 | 379 | 597 | 805 | 1,103 | 1,782 | |
9903 |
69,048 | 64,527 | 69,842 | 29,031 | 55,136 | 69,845 | 61,861 | 41,203 | 55,811 | 47,182 | 50,942 | |
67/77 |
14,644 | 13,393 | 14,636 | 9,338 | 11,256 | 14,867 | 12,345 | 8,494 | 16,541 | 13,655 | 15,218 | |
9904 |
54,404 | 51,134 | 55,206 | 19,692 | 43,880 | 54,979 | 49,516 | 32,709 | 39,270 | 33,527 | 35,724 | |
789 |
2,226 | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 2,226 | - | - | - | - | |
9905 |
56,630 | 51,134 | 55,206 | 19,692 | 43,880 | 54,979 | 47,290 | 32,709 | 39,270 | 33,527 | 35,724 | |
| Appropriation of the result | ||||||||||||
9906 |
56,630 | 54,050 | 58,116 | 22,510 | 46,618 | 57,638 | 49,659 | 34,370 | 41,661 | 37,392 | 35,724 | |
14P |
- | 2,916 | 2,910 | 2,818 | 2,738 | - | - | - | - | - | - | |
791/2 |
3,370 | - | - | - | - | - | - | 105,000 | - | - | - | |
691/2 |
- | 2,950 | - | - | - | - | - | - | 40,000 | 35,000 | 31,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | 2,950 | - | - | - | - | - | - | 40,000 | 35,000 | 30,000 | |
694/7 |
60,000 | 51,100 | 55,200 | 19,600 | 43,800 | 54,900 | 47,000 | 137,000 | - | - | - | |
694 |
60,000 | 51,100 | 55,200 | 19,600 | 43,800 | 54,900 | 47,000 | 137,000 | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 8 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 09-04-2026.
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 | 09-04-2026 | 2026-00075721 | |
| 31-12-2024 | micro format | 27-02-2025 | 2025-00039907 | |
| 31-12-2023 | micro format | 22-04-2024 | 2024-00065752 | |
| 31-12-2022 | micro format | 15-05-2023 | 2023-00086681 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20038554 | |
| 31-12-2020 | micro format | 31-05-2021 | 2021-16200587 | |
| 31-12-2019 | micro format | 17-04-2020 | 2020-09300395 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-23200381 | |
| 31-12-2017 | micro format | 28-07-2018 | 2018-39800546 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-24500014 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-24900087 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72,057 | 67,720 | 83,480 | 42,032 | 68,344 | 82,612 | 76,714 | 44,320 | 59,075 | 51,139 | 56,385 | ||
| 57,232 | 54,025 | 68,083 | 32,423 | 56,904 | 67,404 | 63,989 | 35,229 | 41,729 | 36,381 | 39,386 | ||
| 495 | 2,642 | 2,631 | 2,482 | 1,524 | 6,084 | 56,150 | 8,415 | 743 | 2,774 | 10,014 | ||
| -54,795 | -15,423 | 49,061 | 5,237 | -19,372 | -3,640 | -75,649 | 25,618 | 21,134 | 34,780 | - | ||
| 17,361 | 20,604 | 20,976 | 11,134 | -2,114 | -14,018 | -22,632 | 16,518 | 113,148 | 71,875 | 38,083 | ||
| 58.6% | 26.6% | 22.9% | 33.5% | 29.4% | 22.2% | 19.6% | 13.2% | 76.9% | 69.2% | 58.4% | ||
| 2.42 | 1.30 | 1.25 | 1.23 | 0.96 | 0.84 | 0.78 | 1.11 | 4.52 | 3.30 | 2.39 | ||
| 0.71 | 2.76 | 3.36 | 1.98 | 2.40 | 3.50 | 4.11 | 6.57 | 0.30 | 0.45 | 0.71 | ||
| 271.5% | 199.5% | 215.6% | 76.9% | 172.1% | 216.2% | 195.4% | 143.3% | 34.2% | 44.4% | 85.2% | ||
| 159.1% | 53.0% | 49.4% | 25.8% | 50.6% | 48.0% | 38.2% | 18.9% | 26.3% | 30.7% | 49.8% | ||
| over 100 | over 100 | 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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €495 | €2,642 | €2,631 | €2,482 | €1,524 |
| €2,828 | €2,891 | €12,877 | €12,731 | €13,024 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on decode-it
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 73.4% to 41.4%. Equity and debt are lower.