EC
Annual accounts 2025
micro format, filed on 31-07-2026, on the day of the deadline€76,029
▼ 5.1%
€68,650
▼ 3.3%
€52,527
▲ 6.4%
€1,187
▲ €258,141
60.1%
▲ 45.3 percentage points
1.02
▲ 0.66
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €120,000 and €200,000.
Balance sheet
balance sheet total €161,532 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
60.1%
Higher than 54% of 39,360 companies in 2025.
1.02
Higher than 25% of 38,044 companies in 2025.
32.5%
Higher than 73% of 38,516 companies in 2025.
EC
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
161,532 | 468,784 | 482,398 | 107,832 | 141,817 | 115,463 | 53,780 | 136,828 | 99,877 | |
21/28 |
95,900 | 326,514 | 63,214 | 12,637 | 9,591 | 10,166 | 20,332 | 30,498 | 40,664 | |
22/27 |
20,900 | 26,514 | 11,377 | 12,637 | 9,591 | 10,166 | 20,332 | 30,498 | 40,664 | |
22 |
12,965 | 14,444 | - | - | - | - | - | - | - | |
23 |
434 | 792 | - | - | - | - | - | - | - | |
24 |
3,372 | 4,744 | 2,438 | 1,292 | - | 10,166 | 20,332 | 30,498 | 40,664 | |
26 |
4,129 | 6,534 | 8,939 | 11,345 | 9,591 | - | - | - | - | |
28 |
75,000 | 300,000 | 51,837 | - | - | - | - | - | - | |
29/58 |
65,632 | 142,270 | 419,184 | 95,195 | 132,226 | 105,297 | 33,448 | 106,330 | 59,213 | |
29 |
- | - | - | - | - | - | - | 1,029 | - | |
291 |
- | - | - | - | - | - | - | 1,029 | - | |
40/41 |
27,669 | 118,946 | 365,189 | 43,469 | 120,383 | 103,349 | 25,025 | 99,976 | 56,272 | |
40 |
16,577 | 74,573 | 70,651 | 30,838 | 19,360 | 3,372 | 5,025 | - | - | |
41 |
11,092 | 44,372 | 294,538 | 12,631 | 101,023 | 99,976 | 20,000 | 99,976 | 56,272 | |
54/58 |
35,956 | 22,439 | 44,173 | 48,622 | 11,648 | 801 | 8,209 | 5,324 | 2,941 | |
490/1 |
2,007 | 885 | 9,823 | 3,104 | 195 | 1,146 | 215 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
161,532 | 468,784 | 482,398 | 107,832 | 141,817 | 115,463 | 53,780 | 136,828 | 99,877 | |
10/15 |
97,087 | 69,560 | 43,207 | 12,740 | -4,806 | -13,850 | -6,392 | 9,718 | 6,842 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | 12,350 | 12,350 | |
13 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 642 | |
130/1 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | |
130 |
- | - | - | - | - | - | - | 1,855 | 642 | |
1311 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | |
1319 |
- | - | - | - | - | - | 1,855 | - | - | |
14 |
76,682 | 49,155 | 22,802 | -7,665 | -12,861 | -21,905 | -14,447 | 1,663 | - | |
17/49 |
64,445 | 399,223 | 439,191 | 95,093 | 146,623 | 129,313 | 60,172 | 127,110 | 93,035 | |
17 |
- | - | 51,837 | - | - | 9,623 | 19,029 | 28,223 | 37,212 | |
170/4 |
- | - | 51,837 | - | - | 9,623 | 19,029 | 28,223 | 37,212 | |
42/48 |
64,445 | 399,223 | 387,354 | 95,093 | 146,623 | 119,690 | 41,143 | 98,887 | 55,823 | |
42 |
- | - | - | - | 9,623 | 9,407 | 9,194 | 8,989 | 8,788 | |
44 |
3,750 | 7,462 | 3,802 | 4,657 | 7,456 | 4,149 | 3,732 | - | 278 | |
440/4 |
3,750 | 7,462 | 3,802 | 4,657 | 7,456 | 4,149 | 3,732 | - | 278 | |
45 |
22,120 | 20,301 | 23,479 | 18,221 | 18,732 | 762 | 2,198 | 7,864 | 8,944 | |
450/3 |
22,120 | 20,301 | 23,479 | 18,221 | 16,232 | 762 | 2,198 | 7,864 | 8,944 | |
454/9 |
- | - | - | - | 2,500 | - | - | - | - | |
47/48 |
38,575 | 371,460 | 360,074 | 72,214 | 110,812 | 105,373 | 26,019 | 82,033 | 37,812 | |
| Income statement | ||||||||||
76A |
226 | - | - | - | - | - | - | - | - | |
9900 |
76,029 | 80,129 | 57,076 | 27,575 | 32,789 | 4,946 | -2,944 | 46,220 | 32,324 | |
630 |
5,614 | 4,344 | 3,189 | 2,373 | 10,665 | 10,166 | 10,166 | 10,166 | 10,166 | |
640/8 |
1,765 | 4,825 | 2,120 | 1,060 | 1,835 | 857 | 1,797 | 2,577 | - | |
66A |
- | - | - | 1,889 | 10,465 | - | - | - | - | |
9901 |
68,650 | 70,960 | 51,767 | 22,252 | 9,825 | -6,077 | -14,907 | 33,477 | 22,158 | |
75/76B |
- | 0 | 1 | - | - | - | - | - | - | |
75 |
- | 0 | 1 | - | - | - | - | - | - | |
65/66B |
4,349 | 11,154 | 4,482 | 2,373 | 780 | 1,382 | 1,011 | 3,612 | 259 | |
65 |
4,349 | 11,154 | 4,482 | 2,373 | 780 | 1,382 | 1,011 | 3,612 | 259 | |
9903 |
64,301 | 59,806 | 47,286 | 19,880 | 9,045 | -7,459 | -15,917 | 29,865 | 21,899 | |
67/77 |
11,774 | 10,453 | 9,318 | 7,184 | - | - | 192 | 1,989 | 1,257 | |
9904 |
52,527 | 49,353 | 37,968 | 12,695 | 9,045 | -7,459 | -16,109 | 27,876 | 20,642 | |
9905 |
52,527 | 49,353 | 37,968 | 12,695 | 9,045 | -7,459 | -16,109 | 27,876 | 20,642 | |
| Appropriation of the result | ||||||||||
9906 |
101,682 | 72,155 | 30,302 | -165 | -12,861 | -21,905 | -14,447 | 27,876 | 20,642 | |
14P |
49,155 | 22,802 | -7,665 | -12,861 | -21,905 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,213 | 642 | |
6920 |
- | - | - | - | - | - | - | 1,213 | 642 | |
694/7 |
25,000 | 23,000 | 7,500 | 7,500 | - | - | - | 25,000 | 20,000 | |
695 |
25,000 | 23,000 | 7,500 | 7,500 | - | - | - | 25,000 | 20,000 | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
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 | 31-07-2026 | 2026-00382822 | |
| 31-12-2024 | micro format | 13-02-2026 | 2026-00039273 | |
| 31-12-2023 | micro format | 17-12-2024 | 2024-00617170 | |
| 31-12-2022 | micro format | 14-01-2024 | 2024-00001235 | |
| 31-12-2021 | micro format | 18-11-2022 | 2022-20521883 | |
| 31-12-2020 | micro format | 23-01-2022 | 2022-01900535 | |
| 31-12-2019 | micro format | 22-11-2021 | 2021-77900007 | |
| 31-12-2018 | micro format | 20-10-2019 | 2019-71400233 | |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-34000381 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 74,264 | 75,304 | 54,956 | 24,625 | 20,489 | 4,089 | -4,741 | 43,643 | 32,324 | ||
| 58,141 | 53,696 | 41,157 | 15,068 | 19,710 | 2,707 | -5,943 | 38,042 | 30,808 | ||
| 75,000 | 319,480 | 53,766 | 5,419 | 10,090 | 0 | 0 | 0 | 50,830 | ||
| 13,517 | -21,734 | -4,449 | 36,973 | 10,847 | -7,407 | 2,884 | 2,383 | - | ||
| 1,187 | -256,954 | 31,830 | 103 | -14,397 | -14,394 | -7,695 | 7,443 | 3,390 | ||
| 60.1% | 14.8% | 9.0% | 11.8% | -3.4% | -12.0% | -11.9% | 7.1% | 6.9% | ||
| 1.02 | 0.36 | 1.08 | 1.00 | 0.90 | 0.88 | 0.81 | 1.08 | 1.06 | ||
| 0.66 | 5.74 | 10.16 | 7.46 | - | - | - | 13.08 | 13.60 | ||
| 54.1% | 70.9% | 87.9% | 99.7% | - | - | - | 286.9% | 301.7% | ||
| 32.5% | 10.5% | 7.9% | 11.8% | 6.4% | -6.5% | -30.0% | 20.4% | 20.7% | ||
| 17.08 | 6.75 | 12.26 | 10.38 | 26.27 | - | - | - | - |
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 | - | €19,480 | €1,929 | €5,419 | €10,090 |
| Financial fixed assets | €75,000 | €300,000 | €51,837 | - | - |
| €5,614 | €4,344 | €3,189 | €2,373 | €10,665 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on EC
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total falls from 85.2% to 39.9%. Equity is higher and debt is lower.