DO PROJECTS
Annual accounts 2025
abbreviated format, filed on 08-08-2026, 8 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €100,000 and €220,000.
Balance sheet
balance sheet total €1.3m on 31-12-2025in euro
in euro
Position in the sector
23.8%
Higher than 43% of 11,299 companies in 2025.
0.51
Higher than 29% of 10,851 companies in 2025.
0.1%
Higher than 40% of 11,184 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · 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 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.7m | 1.5m | |
21/28 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | |
22/27 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | |
22 |
1.0m | 1.0m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | |
23 |
69,683 | 27,499 | 30,006 | 21,814 | 3,750 | 711 | - | |
24 |
- | - | - | - | 513 | 1,025 | 1,538 | |
29/58 |
266,858 | 326,841 | 325,379 | 382,671 | 420,379 | 510,444 | 297,937 | |
3 |
240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 450,000 | 240,000 | |
30/36 |
240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 450,000 | 240,000 | |
40/41 |
3,900 | 4,054 | 7,828 | 1,638 | 2,825 | 681 | 600 | |
40 |
2,566 | 4,054 | 7,828 | 1,638 | 2,825 | - | - | |
41 |
1,334 | - | - | - | - | 681 | 600 | |
54/58 |
22,234 | 82,199 | 76,691 | 141,034 | 177,554 | 59,763 | 57,337 | |
490/1 |
724 | 587 | 860 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.7m | 1.5m | |
10/15 |
320,061 | 318,902 | 328,019 | 336,108 | 370,155 | 266,379 | 319,836 | |
10/11 |
500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |
10 |
- | 500,000 | 500,000 | 500,000 | - | - | - | |
100 |
- | 500,000 | 500,000 | 500,000 | - | 500,000 | 500,000 | |
101 |
- | - | - | - | - | - | 0 | |
14 |
-179,939 | -181,098 | -171,981 | -163,892 | -129,845 | -233,621 | -180,164 | |
17/49 |
1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.4m | 1.2m | |
17 |
496,081 | 531,699 | 566,759 | 601,269 | 635,240 | 668,678 | 701,592 | |
170/4 |
496,081 | 531,699 | 566,759 | 601,269 | 635,240 | 668,678 | 701,592 | |
42/48 |
527,580 | 536,877 | 522,880 | 556,458 | 536,611 | 722,032 | 450,501 | |
42 |
35,618 | 35,060 | 34,511 | 33,970 | 33,438 | 32,915 | 32,399 | |
44 |
- | 3,591 | 2,153 | 1,291 | 1,427 | 267 | 50 | |
440/4 |
- | 3,591 | 2,153 | 1,291 | 1,427 | 267 | 50 | |
46 |
1,840 | 1,840 | 1,240 | 1,240 | 990 | - | - | |
45 |
- | 6,263 | 8,560 | 8,509 | 5,999 | 8,062 | 4,928 | |
450/3 |
- | 6,263 | 8,560 | 8,509 | 5,999 | 8,062 | 4,928 | |
47/48 |
490,122 | 490,122 | 476,417 | 511,448 | 494,757 | 680,790 | 413,124 | |
492/3 |
- | 1,590 | - | 468 | - | - | - | |
| Income statement | ||||||||
76A |
- | - | - | - | - | 850 | - | |
9900 |
75,358 | 62,168 | 68,958 | 44,324 | 171,297 | 33,904 | 18,998 | |
630 |
40,300 | 34,004 | 32,680 | 31,815 | 28,455 | 28,295 | 28,058 | |
640/8 |
25,209 | 8,698 | 7,804 | 7,423 | 7,776 | 19,959 | 147,818 | |
9901 |
9,850 | 19,467 | 28,474 | 5,086 | 135,066 | -14,351 | -156,877 | |
75/76B |
817 | 774 | 354 | 8 | 1 | 33 | - | |
75 |
817 | 774 | 354 | 8 | 1 | 33 | - | |
65/66B |
9,507 | 29,126 | 36,839 | 39,141 | 31,291 | 32,567 | 23,287 | |
65 |
9,507 | 29,126 | 36,839 | 39,141 | 31,291 | 32,567 | 23,287 | |
9903 |
1,160 | -8,886 | -8,011 | -34,047 | 103,776 | -46,885 | -180,164 | |
67/77 |
- | 232 | 77 | - | - | - | - | |
9904 |
1,160 | -9,118 | -8,088 | -34,047 | 103,776 | -46,885 | -180,164 | |
9905 |
1,160 | -9,118 | -8,088 | -34,047 | 103,776 | -46,885 | -180,164 | |
| Appropriation of the result | ||||||||
9906 |
-179,939 | -181,098 | -171,981 | -163,892 | -129,845 | -227,049 | -180,164 | |
14P |
-181,098 | -171,981 | -163,892 | -129,845 | -233,621 | - | - | |
694/7 |
- | - | - | - | - | 6,572 | - | |
694 |
- | - | - | - | - | 6,572 | - | |
| Document | ||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 8 days after the deadline. Filed on 8 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388734.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-08-2026 | 2026-00388734 | |
| 31-12-2024 | abbreviated format | 15-08-2025 | 2025-00377477 | |
| 31-12-2023 | micro format | 18-08-2024 | 2024-00348839 | |
| 31-12-2022 | abbreviated format | 19-08-2023 | 2023-00336593 | |
| 31-12-2021 | abbreviated format | 07-08-2022 | 2022-20274530 | |
| 31-12-2020 | micro format | 01-08-2021 | 2021-44800265 | |
| 31-12-2019 | micro format | 16-09-2020 | 2020-53400378 |
Subsidies and aid
Flemish government 2023 to 2024, 2 entries, €192 awarded, €192 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €96 | €96 |
| 2023 | 1 | €96 | €96 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 50,149 | 53,470 | 61,154 | 36,901 | 163,521 | 13,944 | -128,819 | ||
| 41,459 | 24,886 | 24,592 | -2,232 | 132,231 | -18,590 | -152,106 | ||
| 54,938 | 3,951 | 13,328 | 21,820 | 3,436 | 948 | 1.2m | ||
| -59,966 | 5,508 | -64,343 | -36,520 | 117,792 | 2,426 | - | ||
| -260,722 | -210,036 | -197,501 | -173,787 | -116,232 | -211,589 | -152,564 | ||
| 23.8% | 23.0% | 23.1% | 22.5% | 24.0% | 16.1% | 21.7% | ||
| 0.51 | 0.61 | 0.62 | 0.69 | 0.78 | 0.71 | 0.66 | ||
| 0.05 | 0.16 | 0.16 | 0.26 | 0.34 | 0.08 | 0.13 | ||
| 3.20 | 3.36 | 3.32 | 3.45 | 3.17 | 5.22 | 3.60 | ||
| 0.4% | -2.9% | -2.5% | -10.1% | 28.0% | -17.6% | -56.3% | ||
| 0.1% | -0.7% | -0.6% | -2.3% | 6.7% | -2.8% | -12.2% | ||
| 5.28 | 1.84 | 1.66 | 0.94 | 5.23 | - | - |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €1.0m | - | €601,269 | - |
| Debts guaranteed by Belgian public bodies | €531,699 | - | - | - | €635,240 |
| Mortgages, amount registered | - | €27,500 | €27,500 | €27,500 | - |
| Carrying value of the mortgaged assets | - | €1.0m | €1.1m | €1.1m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €54,938 | €3,951 | €13,328 | €21,820 | €3,436 |
| €40,300 | €34,004 | €32,680 | €31,815 | €28,455 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DO PROJECTS
The operating result for 2025 is 49% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 77.0% to 76.2%. Equity is higher and debt is lower.