DYNAMIC
InactiveFinancials · financial year 2025, micro format
Equity
€129,697▼ 46.1%
2024 · €240,483
Total assets
€265,651▲ 4.9%
2024 · €253,203
Net result
€17,114▲ 57.4%
2024 · €10,871
Working capital
€114,136▼ 49.3%
2024 · €224,922
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 1% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€14,337
2025
Net result€17,114
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€265,651
2025
Equity€129,697
2025
Debt€135,955
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€114,136
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€32,342-€22,861▼ 29.3%€35,780▲ 56.5%€22,179▼ 38.0%€22,761▲ 2.6%€14,235▼ 37.5%€14,337▲ 0.7%
Net result€21,834-€15,962▼ 26.9%€26,203▲ 64.2%€16,523▼ 36.9%€16,654▲ 0.8%€10,871▼ 34.7%€17,114▲ 57.4%
Equity€154,270-€170,232▲ 10.3%€196,435▲ 15.4%€212,958▲ 8.4%€229,612▲ 7.8%€240,483▲ 4.7%€129,697▼ 46.1%
Total assets€168,118-€180,900▲ 7.6%€231,456▲ 27.9%€225,257▼ 2.7%€243,024▲ 7.9%€253,203▲ 4.2%€265,651▲ 4.9%
Debt€13,848-€10,668▼ 23.0%€35,020▲ 228%€12,299▼ 64.9%€13,412▲ 9.0%€12,720▼ 5.2%€135,955▲ 969%
Working capital€154,523-€170,657▲ 10.4%€157,164▼ 7.9%€180,559▲ 14.9%€205,632▲ 13.9%€224,922▲ 9.4%€114,136▼ 49.3%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,651
Fixed assets
€15,986 =
Current assets
€249,666 ▲ 5.2%
Equity and liabilities €265,651
Equity
€129,697 ▼ 46.1%
Debt
€135,955 ▲ 969%
Debt's share of the balance-sheet total rises from 5.0% to 51.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,337▼
2024 · €22,655
Cash flow
€17,114▼
2024 · €19,290
Current ratio
1.84▼
2024 · 19.29
Debt to equity
1.05▲
2024 · 0.05
ROE
13.2%▲
2024 · 4.5%
ROA
6.4%▲
2024 · 4.3%
Interest coverage
over 100▲
2024 · 48.10
Debt ≤ 1 year
€135,530▲
2024 · €12,295
Income taxes
€7,266▲
2024 · €6,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,200 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €262 | €261 | €853 | €8,420 | €8,420 | €8,420 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €1,788 | €1,098 | €1,144 | €1,151 | €1,383 | ▲ 20.1% |
| Gross operating margin9900 | €33,949 | €23,919 | €38,422 | €31,696 | €32,324 | €23,806 | €15,720 | ▼ 34.0% |
| Operating profit (loss)9901 | €32,342 | €22,861 | €35,780 | €22,179 | €22,761 | €14,235 | €14,337 | ▲ 0.7% |
| Financial income75/76B | - | - | €3,164 | €3,967 | €3,505 | €3,794 | €10,108 | ▲ 166% |
| Recurring financial income75 | €3,096 | €3,045 | €3,164 | €3,967 | €3,505 | €3,794 | €10,108 | ▲ 166% |
| Financial charges65/66B | - | - | €27 | €83 | €35 | €471 | €65 | ▼ 86.2% |
| Recurring financial charges65 | €55 | €26 | €27 | €83 | €35 | €471 | €65 | ▼ 86.2% |
| Profit (loss) for the period before taxes9903 | €35,383 | €25,880 | €38,917 | €26,062 | €26,232 | €17,558 | €24,380 | ▲ 38.9% |
| Income taxes67/77 | €13,549 | €9,918 | €12,715 | €9,539 | €9,578 | €6,687 | €7,266 | ▲ 8.7% |
| Profit (loss) for the period9904 | €21,834 | €15,962 | €26,203 | €16,523 | €16,654 | €10,871 | €17,114 | ▲ 57.4% |
| Profit (loss) for the period to be appropriated9905 | €21,834 | €15,962 | €26,203 | €16,523 | €16,654 | €10,871 | €17,114 | ▲ 57.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €168,118 | €180,900 | €231,456 | €225,257 | €243,024 | €253,203 | €265,651 | ▲ 4.9% |
| Fixed assets21/28 | €261 | - | €41,244 | €32,825 | €24,405 | €15,986 | €15,986 | = |
| Tangible fixed assets22/27 | €261 | - | €41,244 | €32,825 | €24,405 | €15,986 | €15,986 | = |
| Furniture and vehicles24 | - | - | €41,244 | €32,825 | €24,405 | €15,986 | €15,986 | = |
| Current assets29/58 | €167,857 | €180,900 | €190,211 | €192,433 | €218,619 | €237,217 | €249,666 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €5,217 | €5,526 | €29,370 | €5,237 | €4,564 | €5,565 | €5,307 | ▼ 4.6% |
| Trade receivables40 | - | - | €5,098 | €5,237 | €4,564 | €3,614 | €5,307 | ▲ 46.8% |
| Other amounts receivable41 | - | - | €24,272 | €0 | - | €1,951 | €0 | ▼ 100% |
| Current investments50/53 | €86,637 | €86,637 | €86,637 | €86,637 | €86,637 | €222,190 | €175,238 | ▼ 21.1% |
| Cash at bank and in hand54/58 | €76,003 | €88,737 | €73,664 | €100,428 | €127,284 | €9,261 | €68,911 | ▲ 644% |
| Deferred charges and accrued income490/1 | - | - | €541 | €130 | €135 | €202 | €210 | ▲ 3.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €168,118 | €180,900 | €231,456 | €225,257 | €243,024 | €253,203 | €265,651 | ▲ 4.9% |
| Equity10/15 | €154,270 | €170,232 | €196,435 | €212,958 | €229,612 | €240,483 | €129,697 | ▼ 46.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €134,900 | €150,800 | €177,000 | €193,500 | €210,000 | €220,860 | €110,060 | ▼ 50.2% |
| Non-distributable reserves130/1 | - | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves not available under the articles1311 | - | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Distributable reserves133 | - | - | €170,000 | €186,500 | €203,000 | €213,860 | €103,060 | ▼ 51.8% |
| Profit (loss) carried forward14 | €770 | €832 | €835 | €858 | €1,012 | €1,023 | €1,037 | ▲ 1.4% |
| Amounts payable17/49 | €13,848 | €10,668 | €35,020 | €12,299 | €13,412 | €12,720 | €135,955 | ▲ 969% |
| Amounts payable within one year42/48 | €13,334 | €10,243 | €33,047 | €11,874 | €12,987 | €12,295 | €135,530 | ▲ 1,002% |
| Trade debts44 | €238 | €904 | €275 | €892 | €764 | €635 | €70 | ▼ 88.9% |
| Suppliers440/4 | - | - | €275 | €892 | €764 | €635 | €70 | ▼ 88.9% |
| Taxes, remuneration and social security45 | - | - | €0 | €3,152 | €3,182 | €1,807 | €1,952 | ▲ 8.0% |
| Taxes450/3 | - | - | €0 | €3,152 | €3,182 | €1,807 | €1,952 | ▲ 8.0% |
| Other amounts payable47/48 | - | - | €32,772 | €7,829 | €9,041 | €9,852 | €133,507 | ▲ 1,255% |
| Accrued charges and deferred income492/3 | - | - | €1,974 | €425 | €425 | €425 | €425 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,834 | €15,962 | €26,203 | €16,523 | €16,654 | €10,871 | €17,114 | ▲ 57.4% |
| + Depreciation and write-downs630 | €262 | €261 | €853 | €8,420 | €8,420 | €8,420 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €22,096 | €16,223 | €27,056 | €24,943 | €25,073 | €19,290 | €17,114 | ▼ 11.3% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €12,734 | -€15,073 | €26,764 | €26,856 | -€118,024 | €59,650 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 12-03-2026 | 2026-00052858 |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00057514 |
| 30-09-2023 | micro format | 17-03-2024 | 2024-00044774 |
| 30-09-2022 | micro format | 20-03-2023 | 2023-00041540 |
| 30-09-2021 | micro format | 13-04-2022 | 2022-20003066 |
| 30-09-2020 | micro format | 01-04-2021 | 2021-09500473 |
| 30-09-2019 | micro format | 10-04-2020 | 2020-09200342 |
| 30-09-2018 | micro format | 23-05-2019 | 2019-14200150 |
| 30-09-2017 | micro format | 03-04-2018 | 2018-09200429 |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08600235 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.