Deductive
Annual accounts 2025
micro format, filed on 03-06-2026, 58 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €56,865 on 31-12-2025in euro
in euro
Position in the sector
-51.7%
Lower than 95% of 21,208 companies in 2025.
0.54
Higher than 7% of 20,571 companies in 2025.
-56.1%
Lower than 95% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
56,865 | 136,457 | 81,191 | 26,501 | |
21/28 |
10,686 | 12,015 | 10,545 | - | |
22/27 |
686 | 2,015 | 545 | - | |
23 |
686 | 2,015 | 545 | - | |
28 |
10,000 | 10,000 | 10,000 | - | |
29/58 |
46,179 | 124,442 | 70,646 | 26,501 | |
40/41 |
34 | 14,826 | 8,978 | 12,391 | |
40 |
- | 14,826 | 8,978 | 12,391 | |
41 |
34 | - | - | - | |
54/58 |
38,845 | 109,340 | 61,598 | 14,110 | |
490/1 |
7,300 | 276 | 69 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
56,865 | 136,457 | 81,191 | 26,501 | |
10/15 |
-29,379 | 101,384 | 58,470 | 15,755 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | |
11 |
2,500 | 2,500 | 2,500 | 2,500 | |
1109/19 |
2,500 | 2,500 | 2,500 | 2,500 | |
13 |
- | 98,884 | 55,970 | 13,255 | |
133 |
- | 98,884 | 55,970 | 13,255 | |
14 |
-31,879 | - | - | - | |
17/49 |
86,244 | 35,073 | 22,721 | 10,746 | |
42/48 |
86,244 | 35,073 | 22,721 | 10,746 | |
44 |
351 | 448 | 491 | 914 | |
440/4 |
351 | 448 | 491 | 914 | |
45 |
16,123 | 34,502 | 20,761 | 8,341 | |
450/3 |
15,973 | 34,502 | 20,761 | 8,341 | |
454/9 |
150 | - | - | - | |
47/48 |
69,770 | 123 | 1,469 | 1,491 | |
| Income statement | |||||
9900 |
-29,921 | 79,287 | 55,311 | 17,765 | |
630 |
1,330 | 1,297 | 115 | - | |
640/8 |
573 | 872 | 65 | - | |
9901 |
-31,824 | 77,118 | 55,130 | 17,765 | |
75/76B |
207 | 286 | 72 | - | |
75 |
207 | 286 | 72 | - | |
65/66B |
97 | 125 | 79 | 21 | |
65 |
97 | 125 | 79 | 21 | |
9903 |
-31,713 | 77,279 | 55,123 | 17,744 | |
67/77 |
166 | 15,865 | 11,579 | 3,689 | |
9904 |
-31,879 | 61,415 | 43,545 | 14,055 | |
9905 |
-31,879 | 61,415 | 43,545 | 14,055 | |
| Appropriation of the result | |||||
9906 |
-31,879 | 61,415 | 43,545 | 14,055 | |
791/2 |
98,884 | 16,000 | - | - | |
691/2 |
- | 58,915 | 42,715 | 13,255 | |
6921 |
- | 58,915 | 42,715 | 13,255 | |
694/7 |
98,884 | 18,500 | 830 | 800 | |
694 |
98,884 | 18,500 | 830 | 800 | |
| Document | |||||
The notes to these accounts have 4 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 03-06-2026.
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 | 2022 |
|---|---|---|---|---|---|
| -30,494 | 78,415 | 55,246 | - | ||
| -30,549 | 62,711 | 43,660 | - | ||
| 0 | 2,767 | 10,660 | - | ||
| -70,495 | 47,742 | 47,489 | - | ||
| -40,065 | 89,369 | 47,925 | 15,755 | ||
| -51.7% | 74.3% | 72.0% | 59.5% | ||
| 0.54 | 3.55 | 3.11 | 2.47 | ||
| - | 0.35 | 0.39 | 0.68 | ||
| - | 60.6% | 74.5% | 89.2% | ||
| -56.1% | 45.0% | 53.6% | 53.0% | ||
| -315.58 | over 100 | over 100 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,767 | €660 | - |
| Financial fixed assets | - | - | €10,000 | - |
| €1,330 | €1,297 | €115 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Deductive
The operating result for 2025 is a loss of €31,824, after a profit of €77,118 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€86,244) exceeds the balance-sheet total (€56,865).