E²
Annual accounts 2025
micro format, filed on 20-03-2026, 41 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 ≈ €230,000. Estimated: probably between €210,000 and €290,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €1.1m on 30-09-2025in euro
in euro
Position in the sector
16.9%
Higher than 19% of 21,217 companies in 2025.
0.07
Lower than 95% of 20,581 companies in 2025.
2.7%
Higher than 22% of 20,756 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff
€62,822
Staff costs divided by the average number of full-time equivalents.
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 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
1.1m | 1.1m | 1.1m | 1.2m | 1.4m | 1.4m | 1.4m | 1.0m | 422,212 | 319,024 | 305,171 | 21,259 | 9,465 | 10,463 | 14,018 | 2,453 | 190 | 1,442 | |
21/28 |
1.1m | 1.1m | 1.1m | 1.1m | 1.3m | 1.3m | 1.4m | 966,265 | 415,209 | 289,050 | 293,217 | 8,833 | 500 | 500 | - | - | - | - | |
22/27 |
1.1m | 1.1m | 1.1m | 1.1m | 1.3m | 1.3m | 1.4m | 966,265 | 414,709 | 288,550 | 292,717 | 8,333 | - | - | - | - | - | - | |
22 |
1.1m | 1.1m | 1.1m | 1.1m | 1.3m | 1.3m | 1.4m | 966,265 | 414,709 | 288,550 | 292,717 | 8,333 | - | - | - | - | - | - | |
23 |
1,966 | 2,124 | 2,283 | 2,441 | 1,414 | 1,769 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | 500 | 500 | 500 | 500 | 500 | 500 | - | - | - | - | |
29/58 |
13,851 | 1,214 | 12,761 | 67,172 | 59,555 | 91,665 | 56,553 | 52,137 | 7,004 | 29,974 | 11,954 | 12,426 | 8,965 | 9,963 | 14,018 | 2,453 | 190 | 1,442 | |
40/41 |
- | 155 | - | 57,838 | 50,513 | 84,057 | 35,220 | 497 | - | 11,600 | 77 | 610 | 1,658 | 1,619 | 4,027 | - | - | - | |
40 |
- | 155 | - | 57,838 | 45,055 | 84,057 | 35,220 | 497 | - | 10,000 | - | - | - | - | 2,100 | - | - | - | |
41 |
- | - | - | - | 5,457 | - | - | - | - | 1,600 | 77 | 610 | 1,658 | 1,619 | 1,927 | - | - | - | |
50/53 |
250 | 250 | 250 | 250 | - | 250 | 250 | 250 | - | - | - | - | - | - | - | - | - | - | |
54/58 |
12,667 | 685 | 12,511 | 9,085 | 9,042 | 7,359 | 16,505 | 48,714 | 6,823 | 18,374 | 11,730 | 11,672 | 7,166 | 8,207 | 9,856 | 2,321 | 57 | 1,442 | |
490/1 |
934 | 123 | - | - | - | - | 4,578 | 2,676 | 181 | - | 147 | 144 | 141 | 137 | 136 | 132 | 132 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
1.1m | 1.1m | 1.1m | 1.2m | 1.4m | 1.4m | 1.4m | 1.0m | 422,212 | 319,024 | 305,171 | 21,259 | 9,465 | 10,463 | 14,018 | 2,453 | 190 | 1,442 | |
10/15 |
184,359 | 154,589 | 142,592 | 140,042 | 129,554 | 136,656 | 70,592 | -8,182 | -22,332 | -7,412 | -30,405 | 6,991 | 9,465 | 10,025 | 11,617 | 1,984 | 190 | 1,152 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
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 | 18,600 | 18,600 | |
101 |
- | - | - | - | 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 | |
13 |
178,159 | 148,389 | 136,392 | 133,842 | 125,656 | 130,456 | 64,392 | 6,660 | 5,417 | 5,417 | 5,417 | 5,417 | 5,417 | 5,417 | 5,417 | - | - | - | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 617 | 617 | 617 | 617 | 617 | 617 | 617 | - | - | - | |
1311 |
- | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | - | - | - | |
133 |
178,159 | 148,389 | 134,532 | 131,982 | 123,796 | 123,796 | 57,732 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | - | -2,302 | - | - | -21,042 | -33,949 | -19,029 | -42,022 | -4,626 | -2,152 | -1,592 | - | -4,216 | -6,010 | -5,048 | |
17/49 |
903,437 | 951,716 | 992,754 | 1.0m | 1.2m | 1.3m | 1.3m | 1.0m | 444,545 | 326,436 | 335,576 | 14,268 | - | 438 | 2,401 | 469 | - | 289 | |
17 |
718,323 | 764,991 | 825,918 | 893,713 | 1.1m | 1.2m | 972,106 | 920,457 | 136,457 | 155,790 | 174,839 | - | - | - | - | - | - | - | |
170/4 |
718,323 | 764,991 | 825,918 | 893,713 | 1.1m | 1.2m | 972,106 | 920,457 | 136,457 | 155,790 | 174,839 | - | - | - | - | - | - | - | |
42/48 |
184,944 | 186,714 | 166,835 | 141,649 | 149,634 | 139,106 | 365,913 | 106,127 | 308,087 | 170,646 | 160,737 | 14,268 | - | 438 | 2,401 | 469 | - | 289 | |
42 |
46,668 | 60,927 | 67,795 | 67,485 | 67,179 | 66,878 | 66,581 | 54,622 | 19,332 | 19,049 | 18,769 | - | - | - | - | - | - | - | |
44 |
33,124 | 8,412 | 14,516 | 18,682 | 13,678 | 17,539 | 27,608 | 37,210 | 103,350 | 20,213 | 14,050 | 14,206 | - | 223 | 88 | - | - | - | |
440/4 |
33,124 | 8,412 | 14,516 | 18,682 | 13,678 | 17,539 | 27,608 | 37,210 | 103,350 | 20,213 | 14,050 | 14,206 | - | 223 | 88 | - | - | - | |
46 |
- | - | 13,626 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
26,735 | 19,654 | 14,622 | 13,861 | 12,122 | 17,580 | 16,175 | 14,234 | 7,416 | 542 | - | - | - | 215 | 2,313 | 469 | - | 289 | |
450/3 |
16,592 | 9,866 | 7,285 | 6,232 | 7,162 | 12,916 | 10,968 | 8,722 | 2,118 | 43 | - | - | - | 215 | 2,313 | 469 | - | 289 | |
454/9 |
10,143 | 9,788 | 7,337 | 7,629 | 4,959 | 4,664 | 5,207 | 5,512 | 5,298 | 499 | - | - | - | - | - | - | - | - | |
47/48 |
78,417 | 97,721 | 56,277 | 41,621 | 56,655 | 37,109 | 255,549 | 62 | 177,988 | 130,843 | 127,918 | 62 | - | - | - | - | - | - | |
492/3 |
170 | 10 | - | - | - | - | 6,500 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,054 | 10,500 | 400 | 31,912 | |
76A |
- | - | 48,863 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
153,343 | 121,194 | 105,834 | 116,128 | 102,092 | 181,017 | 178,630 | 104,318 | 69,105 | 47,103 | 8,417 | 5,773 | -65 | -365 | 10,689 | 2,236 | -463 | 30,031 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 365 | 365 | 8,264 | 900 | 1,908 | |
62 |
62,822 | 57,404 | 55,607 | 51,683 | 48,514 | 42,961 | 36,874 | 42,795 | 42,288 | 16,461 | 3,548 | - | - | - | - | - | - | 34,352 | |
630 |
31,146 | 30,364 | 29,859 | 30,932 | 36,406 | 35,861 | 40,945 | 26,272 | 37,183 | 4,167 | 40,382 | 7,287 | - | - | - | - | - | 590 | |
640/8 |
6,652 | 6,450 | 6,496 | 5,701 | 4,635 | 7,730 | 821 | 680 | 1,293 | 537 | 537 | 913 | 470 | 1,189 | 803 | 410 | 464 | 62 | |
9901 |
52,724 | 26,975 | 13,872 | 27,811 | 12,537 | 94,464 | 99,990 | 34,572 | -11,659 | 25,939 | -36,050 | -2,427 | -535 | -1,554 | 9,886 | 1,826 | -928 | -4,974 | |
75/76B |
- | 7 | - | - | 7 | 31 | 197 | - | 0 | - | 7 | 5 | 11 | 1 | - | - | - | 1 | |
75 |
- | 7 | - | - | 7 | 31 | 197 | - | 0 | - | 7 | 5 | 11 | 1 | - | - | - | 1 | |
65/66B |
7,721 | 8,855 | 10,166 | 16,439 | 19,103 | 21,747 | 15,539 | 20,345 | 3,188 | 2,904 | 1,351 | 51 | 34 | 38 | 38 | 32 | 35 | 74 | |
65 |
7,721 | 8,855 | 10,166 | 16,439 | 19,103 | 21,747 | 15,539 | 20,345 | 3,188 | 2,904 | 1,351 | 51 | 34 | 38 | 38 | 32 | 35 | 74 | |
9903 |
45,002 | 18,127 | 3,706 | 11,373 | -6,559 | 72,748 | 84,648 | 14,226 | -14,847 | 23,036 | -37,394 | -2,473 | -558 | -1,591 | 9,849 | 1,794 | -963 | -5,047 | |
67/77 |
15,232 | 6,130 | 1,155 | 885 | 543 | 6,684 | 5,874 | 76 | 74 | 43 | 2 | 1 | 2 | 0 | 215 | - | - | 0 | |
9904 |
29,770 | 11,996 | 2,550 | 10,487 | -7,102 | 66,064 | 78,773 | 14,151 | -14,921 | 22,993 | -37,396 | -2,474 | -560 | -1,592 | 9,634 | 1,794 | -963 | -5,048 | |
789 |
- | - | - | - | 4,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,800 | - | - | - | |
9905 |
29,770 | 11,996 | 2,550 | 10,487 | -2,302 | 66,064 | 78,773 | 14,151 | -14,921 | 22,993 | -37,396 | -2,474 | -560 | -1,592 | 4,834 | 1,794 | -963 | -5,048 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
29,770 | 11,996 | 2,550 | 8,186 | -2,302 | 66,064 | 57,732 | -19,799 | -33,949 | -19,029 | -42,022 | -4,626 | -2,152 | -1,592 | 617 | -4,216 | -6,010 | -5,048 | |
14P |
- | - | - | -2,302 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
29,770 | 11,996 | 2,550 | 8,186 | - | 66,064 | 57,732 | 1,243 | - | - | - | - | - | - | 617 | - | - | - | |
6920 |
- | - | - | - | - | - | - | 1,243 | - | - | - | - | - | - | 617 | - | - | - | |
6921 |
29,770 | 11,996 | 2,550 | 8,186 | - | 66,064 | 57,732 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
1 | 1 | 1 | 1 | 1 | 1 | 0.8 | 0.8 | 1 | 0.6 | 1 | - | - | - | - | - | - | 2 | |
Hours worked1013 |
1,474 | 1,421 | 2,000 | 1,611 | 1,680 | 1,725 | 1,307 | 1,209 | 1,543 | 920 | 114 | - | - | - | - | - | - | 2,067 | |
| Document | |||||||||||||||||||
The notes to these accounts have 9 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 20-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-03-2026 | 2026-00058623 | |
| 30-09-2024 | micro format | 01-04-2025 | 2025-00060407 | |
| 30-09-2023 | micro format | 23-04-2024 | 2024-00067024 | |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00052347 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20016333 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12800212 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11000212 | |
| 30-09-2018 | micro format | 25-04-2019 | 2019-11000279 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-11200572 | |
| 30-09-2016 | abbreviated format | 26-04-2017 | 2017-10600075 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-09000265 | |
| 30-09-2014 | abbreviated format | 27-04-2015 | 2015-10500108 | |
| 30-09-2013 | abbreviated format | 29-04-2014 | 2014-10800332 | |
| 30-09-2012 | abbreviated format | 24-04-2013 | 2013-09800399 | |
| 31-12-2011 | abbreviated format | 19-07-2012 | 2012-33700124 | |
| 31-12-2010 | abbreviated format | 11-07-2011 | 2011-28600553 | |
| 31-12-2009 | abbreviated format | 26-07-2010 | 2010-34100570 | |
| 31-12-2008 | abbreviated format | 28-08-2009 | 2009-70100323 |
Subsidies and aid
Flemish government 2023 to 2025, 4 entries, €5,219 awarded, €5,219 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | -€3,204 | €2,556 |
| 2024 | 1 | €2,663 | €2,663 |
| 2023 | 1 | €5,760 | €0 |
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 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83,870 | 57,339 | 43,731 | 58,743 | 48,943 | 130,325 | 140,935 | 60,843 | 25,524 | 30,106 | 4,332 | 4,860 | - | - | - | - | - | -4,384 | ||
| 60,916 | 42,360 | 32,409 | 41,420 | 29,304 | 101,925 | 119,718 | 40,422 | 22,263 | 27,160 | 2,986 | 4,813 | - | - | - | - | - | -4,457 | ||
| 0 | 12,869 | 44,212 | 1,391 | 4,764 | 13,114 | 458,474 | 577,828 | 163,342 | 0 | 324,765 | 15,620 | - | 500 | - | - | - | - | ||
| 11,982 | -11,826 | 3,426 | 43 | 1,683 | -9,146 | -32,209 | 41,891 | -11,551 | 6,644 | 58 | 4,505 | -1,041 | -1,649 | 7,535 | 2,263 | -1,384 | - | ||
| -171,093 | -185,501 | -154,075 | -74,477 | -90,079 | -47,440 | -309,360 | -53,990 | -301,084 | -140,672 | -148,783 | -1,842 | - | 9,525 | 11,617 | 1,984 | - | 1,152 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 89.4% | 17.4% | - | -15.6% | ||
| 16.9% | 14.0% | 12.6% | 11.9% | 9.5% | 9.6% | 5.0% | -0.8% | -5.3% | -2.3% | -10.0% | 32.9% | 100.0% | 95.8% | 82.9% | - | - | - | ||
| 0.07 | 0.01 | 0.08 | 0.47 | 0.40 | 0.66 | 0.15 | 0.49 | 0.02 | 0.18 | 0.07 | 0.87 | - | 22.76 | 5.84 | - | - | - | ||
| 4.90 | 6.16 | 6.96 | 7.39 | 9.53 | 9.45 | 19.05 | - | - | - | - | 2.04 | - | 0.04 | 0.21 | - | - | - | ||
| 16.1% | 7.8% | 1.8% | 7.5% | -5.5% | 48.3% | 111.6% | - | - | - | - | -35.4% | -5.9% | -15.9% | 82.9% | - | - | - | ||
| 2.7% | 1.1% | 0.2% | 0.9% | -0.5% | 4.6% | 5.6% | 1.4% | -3.5% | 7.2% | -12.3% | -11.6% | -5.9% | -15.2% | 68.7% | - | - | - | ||
| 10.86 | 6.47 | 4.30 | 3.57 | 2.56 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 69 days | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 222 days | 88 days | - | - | - |
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.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | - | - |
| €700,000 | €700,000 | €700,000 | - | - | |
| Carrying value of the mortgaged assets | €1.1m | €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 | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,869 | - | €1,391 | €4,764 |
| €31,146 | €30,364 | €29,859 | €30,932 | €36,406 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on E²
The operating result for 2025 is 95% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 86.0% to 83.1%. Equity is higher and debt is lower.