e-LEAD
Annual accounts 2025
micro format, filed on 08-05-2026, 84 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 ≈ €220,000. Estimated: probably between €200,000 and €280,000.
Balance sheet
balance sheet total €611,564 on 31-12-2025in euro
in euro
Position in the sector
66.1%
Higher than 57% of 21,208 companies in 2025.
3.57
Higher than 64% of 20,571 companies in 2025.
11.9%
Higher than 39% of 20,746 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top 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 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
611,564 | 618,801 | 649,258 | 617,887 | 561,367 | 518,072 | 436,363 | 298,461 | 255,937 | 150,592 | |
21/28 |
443,612 | 473,656 | 502,333 | 527,779 | 420,847 | 442,561 | 338,751 | 232,530 | 207,425 | 101,930 | |
22/27 |
443,612 | 473,656 | 502,333 | 527,779 | 420,847 | 442,561 | 338,751 | 232,530 | 207,425 | 101,930 | |
22 |
441,723 | 473,112 | 500,700 | 527,779 | 420,847 | 442,561 | 338,751 | 232,530 | 207,425 | 97,198 | |
23 |
1,008 | 544 | 1,633 | - | - | - | - | - | - | 643 | |
24 |
882 | - | - | - | - | - | - | - | - | 4,089 | |
29/58 |
167,951 | 145,145 | 146,924 | 90,108 | 140,520 | 75,511 | 97,613 | 65,931 | 48,512 | 48,662 | |
40/41 |
19,594 | 13,694 | 20,147 | 19,243 | 32,695 | 21,716 | 19,686 | 56,258 | 33,738 | 29,803 | |
40 |
19,594 | 12,656 | 20,003 | 19,100 | 32,695 | 18,592 | 19,682 | 49,938 | 27,588 | 29,803 | |
41 |
- | 1,038 | 144 | 144 | - | 3,124 | 4 | 6,320 | 6,150 | - | |
54/58 |
147,313 | 130,329 | 125,890 | 70,100 | 106,967 | 53,137 | 77,280 | 9,211 | 14,523 | 18,269 | |
490/1 |
1,045 | 1,122 | 887 | 765 | 858 | 659 | 646 | 462 | 251 | 589 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
611,564 | 618,801 | 649,258 | 617,887 | 561,367 | 518,072 | 436,363 | 298,461 | 255,937 | 150,592 | |
10/15 |
404,051 | 383,785 | 357,563 | 289,716 | 245,041 | 179,778 | 130,858 | 78,097 | 50,386 | 43,469 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
385,451 | 365,185 | 338,963 | 271,116 | 226,441 | 161,178 | 112,258 | 59,497 | 31,786 | 24,869 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,680 | 1,300 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | |
133 |
385,451 | 365,185 | 338,963 | 271,116 | 224,581 | 159,318 | 110,398 | 57,637 | 30,106 | 23,569 | |
17/49 |
207,513 | 235,015 | 291,695 | 328,172 | 316,326 | 338,294 | 305,506 | 220,364 | 205,551 | 107,123 | |
17 |
157,801 | 190,691 | 227,391 | 263,538 | 254,270 | 282,509 | 253,133 | 152,946 | 167,047 | 59,517 | |
170/4 |
157,801 | 190,691 | 227,391 | 263,538 | 254,270 | 282,509 | 253,133 | 152,946 | 167,047 | 59,517 | |
42/48 |
47,054 | 43,139 | 61,673 | 62,035 | 59,958 | 53,572 | 50,304 | 66,219 | 37,305 | 45,423 | |
42 |
32,890 | 36,700 | 36,147 | 35,602 | 28,239 | 27,804 | 21,754 | 14,101 | 13,881 | 6,646 | |
44 |
3,697 | 3,506 | 5,380 | 3,410 | 3,739 | 3,921 | 194 | 30,648 | 3,732 | 580 | |
440/4 |
3,697 | 3,506 | 5,380 | 3,410 | 3,739 | 3,921 | 194 | 30,648 | 3,732 | 580 | |
46 |
- | - | - | - | - | - | 840 | 840 | - | - | |
45 |
10,467 | 2,933 | 1,629 | 4,505 | 9,594 | 3,460 | 9,129 | 2,244 | 1,311 | 19,593 | |
450/3 |
10,467 | 2,933 | 1,629 | 4,505 | 9,594 | 3,460 | 9,129 | 2,244 | 1,311 | 19,593 | |
47/48 |
- | - | 18,517 | 18,517 | 18,386 | 18,386 | 18,386 | 18,386 | 18,382 | 18,604 | |
492/3 |
2,658 | 1,185 | 2,631 | 2,599 | 2,098 | 2,213 | 2,069 | 1,199 | 1,199 | 2,183 | |
| Income statement | |||||||||||
9900 |
145,065 | 142,683 | 137,488 | 121,519 | 125,209 | 113,318 | 114,994 | 61,808 | 49,639 | 75,904 | |
630 |
35,463 | 35,038 | 33,165 | 48,747 | 25,533 | 36,320 | 35,914 | 16,126 | 33,847 | 32,666 | |
640/8 |
4,772 | 4,810 | 4,634 | 4,441 | 3,539 | 3,295 | 2,621 | 2,413 | 1,830 | 2,678 | |
9901 |
104,830 | 102,835 | 99,689 | 68,330 | 96,138 | 73,703 | 76,459 | 43,269 | 13,963 | 40,559 | |
75/76B |
540 | 652 | 120 | 0 | 0 | 0 | 11 | 11 | 0 | 71 | |
75 |
540 | 652 | 120 | 0 | 0 | 0 | 11 | 11 | 0 | 71 | |
65/66B |
3,773 | 4,316 | 5,894 | 6,300 | 5,805 | 5,946 | 4,950 | 4,324 | 2,510 | 2,938 | |
65 |
3,773 | 4,316 | 5,894 | 6,300 | 5,805 | 5,946 | 4,950 | 4,324 | 2,510 | 2,938 | |
9903 |
101,597 | 99,171 | 93,915 | 62,031 | 90,333 | 67,758 | 71,519 | 38,956 | 11,453 | 37,692 | |
67/77 |
28,570 | 27,658 | 26,068 | 17,356 | 25,070 | 18,837 | 18,759 | 11,245 | 4,537 | 12,823 | |
9904 |
73,027 | 71,514 | 67,847 | 44,674 | 65,263 | 48,921 | 52,761 | 27,711 | 6,916 | 24,869 | |
9905 |
73,027 | 71,514 | 67,847 | 44,674 | 65,263 | 48,921 | 52,761 | 27,711 | 6,916 | 24,869 | |
| Appropriation of the result | |||||||||||
9906 |
73,027 | 71,514 | 67,847 | 44,674 | 65,263 | 48,921 | 52,761 | 27,711 | 6,916 | 24,869 | |
791/2 |
52,761 | 45,291 | - | - | - | - | - | - | - | - | |
691/2 |
73,027 | 71,514 | 67,847 | 44,674 | 65,263 | 48,921 | 52,761 | 27,711 | 6,916 | 24,869 | |
6920 |
- | - | - | - | - | - | - | 180 | 380 | 1,300 | |
6921 |
73,027 | 71,514 | 67,847 | 44,674 | 65,263 | 48,921 | 52,761 | 27,531 | 6,536 | 23,569 | |
694/7 |
52,761 | 45,291 | - | - | - | - | - | - | - | - | |
694 |
52,761 | 45,291 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 6 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 08-05-2026.
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 | 08-05-2026 | 2026-00113262 | |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00119143 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00108821 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00114064 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20170653 | |
| 31-12-2020 | micro format | 05-05-2021 | 2021-13400268 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-41400179 | |
| 31-12-2018 | micro format | 19-06-2019 | 2019-20600197 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27000516 | |
| 31-12-2016 | abbreviated format | 23-06-2017 | 2017-21500569 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 140,293 | 137,872 | 132,854 | 117,078 | 121,671 | 110,023 | 112,373 | 59,395 | 47,810 | 73,225 | ||
| 108,490 | 106,551 | 101,012 | 93,422 | 90,796 | 85,241 | 88,675 | 43,837 | 40,763 | 57,535 | ||
| 5,419 | 6,360 | 7,720 | 155,679 | 3,819 | 140,130 | 142,135 | 41,232 | 139,341 | 134,009 | ||
| 16,983 | 4,439 | 55,790 | -36,867 | 53,830 | -24,143 | 68,070 | -5,313 | -3,746 | - | ||
| 120,897 | 102,006 | 85,251 | 28,074 | 80,562 | 21,939 | 47,309 | -288 | 11,207 | 3,239 | ||
| 66.1% | 62.0% | 55.1% | 46.9% | 43.7% | 34.7% | 30.0% | 26.2% | 19.7% | 28.9% | ||
| 3.57 | 3.36 | 2.38 | 1.45 | 2.34 | 1.41 | 1.94 | 1.00 | 1.30 | 1.07 | ||
| 0.51 | 0.61 | 0.82 | 1.13 | 1.29 | 1.88 | 2.33 | 2.82 | 4.08 | 2.46 | ||
| 18.1% | 18.6% | 19.0% | 15.4% | 26.6% | 27.2% | 40.3% | 35.5% | 13.7% | 57.2% | ||
| 11.9% | 11.6% | 10.4% | 7.2% | 11.6% | 9.4% | 12.1% | 9.3% | 2.7% | 16.5% | ||
| 37.18 | 31.94 | 22.54 | 18.58 | 20.96 | - | - | - | - | - |
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 | €5,419 | €6,360 | €7,720 | €155,679 | €3,819 |
| €35,463 | €35,038 | €33,165 | €48,747 | €25,533 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on e-LEAD
The operating result for 2025 is 2% higher than in 2024 and the highest since 2016. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 38.0% to 33.9%. Equity is higher and debt is lower.