EFFECTIEF
Annual accounts 2025
micro format, filed on 09-02-2026, 9 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €190,000.
Balance sheet
balance sheet total €547,659 on 30-06-2025in euro
in euro
Position in the sector
45.3%
Higher than 38% of 21,205 companies in 2025.
0.85
Higher than 12% of 20,568 companies in 2025.
5.5%
Higher than 27% of 20,743 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · 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 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
547,659 | 563,182 | 595,778 | 570,696 | 583,325 | 610,457 | 589,443 | 590,453 | 540,603 | 560,844 | 577,281 | 597,317 | 631,500 | 628,557 | 628,364 | 587,486 | 304,728 | 93,221 | |
21/28 |
492,510 | 498,039 | 515,086 | 521,180 | 523,979 | 531,624 | 555,062 | 563,951 | 527,755 | 546,216 | 565,558 | 585,320 | 602,625 | 607,574 | 598,024 | 517,277 | 273,953 | 22,166 | |
22/27 |
492,510 | 498,039 | 515,086 | 521,180 | 523,979 | 531,624 | 555,062 | 563,951 | 527,755 | 546,216 | 565,558 | 585,320 | 602,625 | 607,574 | 597,844 | 517,097 | 273,423 | 22,166 | |
22 |
489,397 | 494,024 | 513,919 | 520,188 | 520,954 | 527,953 | 545,544 | 558,490 | 520,906 | 537,980 | 555,054 | 572,127 | 589,201 | 606,275 | 595,237 | 127,278 | 127,278 | - | |
23 |
- | - | - | - | 1,358 | 2,716 | 4,074 | 5,432 | 6,790 | 8,148 | 9,506 | 10,864 | 12,222 | - | 918 | - | 1,271 | 2,543 | |
24 |
3,113 | 4,015 | 1,167 | 993 | 1,667 | 955 | 5,444 | 29 | 59 | 89 | 998 | 2,329 | 1,202 | 1,299 | 1,689 | 7,030 | 13,379 | 19,623 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 382,789 | 131,495 | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 180 | 180 | 530 | - | |
29/58 |
55,148 | 65,142 | 80,692 | 49,516 | 59,346 | 78,834 | 34,382 | 26,502 | 12,848 | 14,627 | 11,723 | 11,997 | 28,875 | 20,983 | 30,340 | 70,209 | 30,775 | 71,055 | |
29 |
- | - | 27,138 | 7,000 | 7,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | 27,138 | 7,000 | 7,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
32,399 | 27,104 | 43,031 | 27,636 | 26,620 | 14,678 | 15,730 | 13,797 | 3,869 | 14,627 | 9,835 | 11,371 | 25,398 | 401 | 13,803 | 24,169 | 11,413 | 11,754 | |
40 |
29,040 | 27,104 | 33,189 | 27,636 | 26,620 | 14,678 | 15,730 | 13,797 | 3,869 | 14,627 | 9,835 | 11,349 | 25,369 | 379 | 13,803 | 24,169 | 11,388 | 11,754 | |
41 |
3,359 | - | 9,843 | - | - | - | - | - | - | - | - | 21 | 29 | 21 | - | - | 26 | - | |
54/58 |
19,617 | 35,348 | 5,435 | 5,171 | 6,837 | 40,916 | 17,484 | 11,825 | 8,978 | 0 | 768 | - | 1,744 | 18,300 | 15,757 | 45,004 | 18,488 | 59,301 | |
490/1 |
3,132 | 2,690 | 5,088 | 9,709 | 18,889 | 23,240 | 1,168 | 879 | - | - | 1,120 | 626 | 1,733 | 2,282 | 780 | 1,036 | 874 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
547,659 | 563,182 | 595,778 | 570,696 | 583,325 | 610,457 | 589,443 | 590,453 | 540,603 | 560,844 | 577,281 | 597,317 | 631,500 | 628,557 | 628,364 | 587,486 | 304,728 | 93,221 | |
10/15 |
248,271 | 217,967 | 183,342 | 243,475 | 220,795 | 197,944 | 172,293 | 151,864 | 144,564 | 133,779 | 113,677 | 105,488 | 103,664 | 88,875 | 88,031 | 83,506 | 65,014 | 72,085 | |
10/11 |
8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | |
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 | |
101 |
- | - | - | - | - | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | 10,600 | |
13 |
240,271 | 209,967 | 175,342 | 235,475 | 212,795 | 189,944 | 164,293 | 143,864 | 136,564 | 125,779 | 105,677 | 97,488 | 95,664 | 80,875 | 80,031 | 75,506 | 57,014 | 27,186 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,500 | |
133 |
238,411 | 208,107 | 173,482 | 233,615 | 210,935 | 188,084 | 162,433 | 142,004 | 134,704 | 123,919 | 103,817 | 95,628 | 93,804 | 79,015 | 78,171 | 73,646 | 55,154 | 11,826 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36,899 | |
16 |
18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 15,000 | 12,000 | 9,000 | |
160/5 |
18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 15,000 | 12,000 | 9,000 | |
160 |
18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | - | - | - | - | - | - | - | - | - | |
17/49 |
281,388 | 327,215 | 394,436 | 309,221 | 344,530 | 394,513 | 399,150 | 420,590 | 378,039 | 409,064 | 445,604 | 473,829 | 509,837 | 521,682 | 522,333 | 488,980 | 227,714 | 12,136 | |
17 |
185,820 | 216,000 | 202,125 | 224,772 | 247,140 | 269,358 | 290,870 | 312,067 | 290,492 | 290,492 | 309,880 | 334,683 | 358,647 | 381,768 | 407,536 | 316,735 | 124,442 | - | |
170/4 |
- | 216,000 | 202,125 | 224,772 | 247,140 | 269,358 | 290,870 | 312,067 | 290,492 | 290,492 | 309,880 | 334,683 | 358,647 | 381,768 | 407,536 | 316,735 | 124,442 | - | |
178/9 |
185,820 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
64,836 | 83,669 | 171,965 | 68,690 | 83,683 | 113,318 | 98,447 | 101,314 | 82,830 | 114,377 | 113,933 | 122,647 | 141,330 | 136,275 | 108,871 | 162,976 | 99,100 | 12,136 | |
42 |
20,347 | - | 22,647 | 22,369 | 22,094 | 21,512 | 21,198 | 20,889 | 756 | 18,217 | 24,804 | 23,963 | 23,122 | 22,310 | 15,545 | 14,838 | 7,117 | - | |
43 |
3,371 | - | - | - | - | - | - | - | - | 4,568 | - | 4,726 | - | - | - | - | - | - | |
430/8 |
3,371 | - | - | - | - | - | - | - | - | 4,568 | - | 4,726 | - | - | - | - | - | - | |
44 |
3,269 | 3,308 | 5,599 | 1,286 | 3,881 | 8,819 | 7,116 | 6,165 | 2,596 | 4,868 | 4,221 | 4,093 | 1,467 | 3,771 | 4,509 | 44,759 | 2,585 | 3,871 | |
440/4 |
3,269 | 3,308 | 5,599 | 1,286 | 3,881 | 8,819 | 7,116 | 6,165 | 2,596 | 4,868 | 4,221 | 4,093 | 1,467 | 242 | 4,509 | 44,759 | 2,585 | 3,871 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,528 | - | - | - | - | |
45 |
11,067 | 9,605 | 6,665 | 8,801 | 17,043 | 25,798 | 18,507 | 15,865 | 13,189 | 14,687 | 8,166 | 5,802 | 10,315 | 5,988 | 6,712 | 21,446 | 15,137 | 8,028 | |
450/3 |
11,067 | 9,605 | 6,665 | 7,373 | 15,629 | 23,024 | 17,105 | 14,476 | 12,091 | 13,308 | 6,798 | 4,483 | 9,001 | 5,913 | 4,622 | 19,446 | 15,137 | 6,342 | |
454/9 |
- | - | - | 1,428 | 1,414 | 2,773 | 1,401 | 1,389 | 1,098 | 1,379 | 1,368 | 1,318 | 1,314 | 75 | 2,090 | 2,000 | - | 1,686 | |
47/48 |
26,782 | 70,756 | 137,054 | 36,235 | 40,666 | 57,190 | 51,627 | 58,395 | 66,289 | 72,037 | 76,743 | 84,062 | 106,426 | 104,206 | 82,105 | 81,933 | 74,261 | 236 | |
492/3 |
30,733 | 27,546 | 20,346 | 15,759 | 13,706 | 11,837 | 9,833 | 7,208 | 4,717 | 4,196 | 21,791 | 16,499 | 9,860 | 3,639 | 5,926 | 9,269 | 4,172 | - | |
| Income statement | |||||||||||||||||||
76A |
- | - | - | - | - | 3,778 | - | - | - | - | 1,240 | - | - | 2,709 | - | - | - | - | |
9900 |
77,807 | 78,727 | -28,315 | 62,810 | 63,403 | 66,222 | 62,225 | 43,308 | 49,951 | 63,521 | 51,311 | 46,380 | 63,503 | 45,569 | 61,863 | 60,119 | 31,719 | 30,841 | |
630 |
25,999 | 25,086 | 22,523 | 22,380 | 19,718 | 19,268 | 23,467 | 18,979 | 18,461 | 19,341 | 19,762 | 19,946 | 19,791 | 18,012 | 23,663 | 7,916 | 20,136 | 8,550 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | 3,000 | 3,000 | - | |
640/8 |
1,949 | 1,835 | 1,541 | 1,835 | 1,601 | 1,440 | 1,643 | 3,559 | 1,489 | 1,973 | 2,395 | 2,142 | 1,696 | 2,877 | 1,138 | 791 | 686 | 457 | |
9901 |
49,859 | 51,806 | -52,379 | 38,595 | 42,084 | 45,514 | 37,115 | 20,770 | 30,001 | 42,206 | 29,154 | 24,293 | 42,016 | 24,680 | 34,063 | 48,412 | 7,897 | 21,834 | |
75/76B |
169 | 403 | 728 | 61 | - | - | 18 | 46 | 5 | 0 | 24 | 51 | 86 | 464 | 58 | 456 | 1,210 | 205 | |
75 |
169 | 403 | 728 | 61 | - | - | 18 | 46 | 5 | 0 | 24 | 51 | 86 | 464 | 58 | 456 | 1,210 | 205 | |
65/66B |
13,034 | 13,975 | 8,324 | 5,039 | 5,951 | 6,911 | 7,650 | 9,621 | 14,090 | 14,152 | 17,733 | 20,241 | 20,911 | 24,704 | 26,060 | 18,299 | 11,139 | 318 | |
65 |
13,034 | 13,975 | 8,324 | 5,039 | 5,951 | 6,911 | 7,650 | 9,621 | 14,090 | 14,152 | 17,733 | 20,241 | 20,911 | 24,704 | 26,060 | 18,299 | 11,139 | 318 | |
9903 |
36,994 | 38,234 | -59,975 | 33,616 | 36,133 | 38,603 | 29,482 | 11,194 | 15,916 | 28,054 | 12,684 | 4,103 | 21,191 | 3,148 | 8,060 | 30,569 | -2,032 | 21,721 | |
67/77 |
6,690 | 3,609 | 157 | 10,936 | 9,282 | 10,952 | 9,053 | 3,895 | 5,131 | 7,951 | 4,495 | 2,279 | 6,402 | 2,305 | 3,535 | 6,078 | 5,039 | 5,272 | |
9904 |
30,304 | 34,625 | -60,133 | 22,680 | 26,851 | 27,651 | 20,430 | 7,300 | 10,784 | 20,103 | 8,189 | 1,824 | 14,789 | 844 | 4,525 | 24,491 | -7,071 | 16,449 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,500 | - | |
9905 |
30,304 | 34,625 | -60,133 | 22,680 | 26,851 | 27,651 | 20,430 | 7,300 | 10,784 | 20,103 | 8,189 | 1,824 | 14,789 | 844 | 4,525 | 24,491 | 6,429 | 16,449 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
30,304 | 34,625 | -60,133 | 22,680 | 26,851 | 27,651 | 20,430 | 7,300 | 10,784 | 20,103 | 8,189 | 1,824 | 14,789 | 844 | 4,525 | 24,491 | 43,328 | 36,899 | |
791/2 |
- | - | 60,133 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
30,304 | 34,625 | - | 22,680 | 22,851 | 25,651 | 20,430 | 7,300 | 10,784 | 20,103 | 8,189 | 1,824 | 14,789 | 844 | 4,525 | 18,491 | 43,328 | - | |
6920 |
- | - | - | - | - | - | - | - | 10,784 | - | - | - | - | - | - | - | - | - | |
6921 |
30,304 | 34,625 | - | 22,680 | 22,851 | 25,651 | 20,430 | 7,300 | - | 20,103 | 8,189 | 1,824 | 14,789 | 844 | 4,525 | 18,491 | 43,328 | - | |
694/7 |
- | - | - | - | 4,000 | 2,000 | - | - | - | - | - | - | - | - | - | 6,000 | - | - | |
695 |
- | - | - | - | 4,000 | 2,000 | - | - | - | - | - | - | - | - | - | 6,000 | - | - | |
| Document | |||||||||||||||||||
The accounts for 2 older financial years (2006-2007) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 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 09-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 9 days after the deadline. Filed on 9 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00035328.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 09-02-2026 | 2026-00035328 | |
| 30-06-2024 | micro format | 16-12-2024 | 2024-00620634 | |
| 30-06-2023 | micro format | 04-12-2023 | 2023-00521375 | |
| 30-06-2022 | micro format | 17-01-2023 | 2023-00000548 | |
| 30-06-2021 | micro format | 07-01-2022 | 2022-00500229 | |
| 30-06-2020 | micro format | 22-01-2021 | 2021-01400537 | |
| 30-06-2019 | micro format | 13-02-2020 | 2020-05000341 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-04000434 | |
| 30-06-2017 | micro format | 15-01-2018 | 2018-01400231 | |
| 30-06-2016 | abbreviated format | 13-01-2017 | 2017-01400191 | |
| 30-06-2015 | abbreviated format | 21-01-2016 | 2016-02400411 | |
| 30-06-2014 | abbreviated format | 23-01-2015 | 2015-02800520 | |
| 30-06-2013 | abbreviated format | 28-01-2014 | 2014-02400378 | |
| 30-06-2012 | abbreviated format | 16-01-2013 | 2013-01100457 | |
| 30-06-2011 | abbreviated format | 08-02-2012 | 2012-03000320 | |
| 30-06-2010 | abbreviated format | 11-01-2011 | 2011-00800009 | |
| 30-06-2009 | abbreviated format | 27-01-2010 | 2010-02300380 | |
| 30-06-2008 | abbreviated format | 03-11-2008 | 2008-80600292 | |
| 30-06-2007 | abbreviated format | 11-01-2008 | 2008-00200326 | |
| 30-06-2006 | abbreviated format | 21-12-2006 | 2006-92304736 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 75,858 | 76,892 | -29,856 | 60,974 | 61,802 | 64,782 | 60,582 | 39,748 | 48,463 | 61,548 | 48,916 | 44,238 | 61,808 | 42,692 | 57,725 | 56,328 | 28,033 | 30,384 | ||
| 56,303 | 59,711 | -37,610 | 45,059 | 46,569 | 46,919 | 43,897 | 26,279 | 29,246 | 39,444 | 27,951 | 21,770 | 34,580 | 18,856 | 28,188 | 32,407 | 13,065 | 24,999 | ||
| 20,471 | 8,039 | 16,428 | 19,581 | 12,074 | -4,170 | 14,578 | 55,175 | 0 | 0 | 0 | 2,640 | 14,842 | 28,660 | 104,410 | 253,777 | 271,924 | 3,814 | ||
| -15,731 | 29,913 | 264 | -1,667 | -34,078 | 23,432 | 5,659 | 2,847 | 8,978 | -768 | - | - | -16,556 | 2,543 | -29,247 | 26,515 | -40,813 | - | ||
| -9,687 | -18,527 | -91,273 | -19,175 | -24,337 | -34,485 | -64,066 | -74,812 | -69,982 | -99,750 | -102,210 | -110,649 | -112,455 | -115,292 | -78,531 | -92,768 | -68,325 | 58,920 | ||
| 45.3% | 38.7% | 30.8% | 42.7% | 37.9% | 32.4% | 29.2% | 25.7% | 26.7% | 23.9% | 19.7% | 17.7% | 16.4% | 14.1% | 14.0% | 14.2% | 21.3% | 77.3% | ||
| 0.85 | 0.78 | 0.47 | 0.72 | 0.71 | 0.70 | 0.35 | 0.26 | 0.16 | 0.13 | 0.10 | 0.10 | 0.20 | 0.15 | 0.28 | 0.43 | 0.31 | 5.86 | ||
| 1.13 | 1.50 | 2.15 | 1.27 | 1.56 | 1.99 | 2.32 | 2.77 | 2.62 | 3.06 | 3.92 | 4.49 | 4.92 | 5.87 | 5.93 | 5.86 | 3.50 | 0.17 | ||
| 12.2% | 15.9% | -32.8% | 9.3% | 12.2% | 14.0% | 11.9% | 4.8% | 7.5% | 15.0% | 7.2% | 1.7% | 14.3% | 0.9% | 5.1% | 29.3% | -10.9% | 22.8% | ||
| 5.5% | 6.1% | -10.1% | 4.0% | 4.6% | 4.5% | 3.5% | 1.2% | 2.0% | 3.6% | 1.4% | 0.3% | 2.3% | 0.1% | 0.7% | 4.2% | -2.3% | 17.6% | ||
| 5.82 | 5.50 | -3.59 | 12.10 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €20,471 | €8,039 | €16,428 | €19,581 |
| €25,999 | €25,086 | €22,523 | €22,380 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on EFFECTIEF
The operating result for 2025 is 4% lower than in 2024.
Debt's share of the balance-sheet total falls from 58.1% to 51.4%. Equity is higher and debt is lower.