EQ
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day 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 ≈ €190,000. Estimated: probably between €140,000 and €320,000.
Balance sheet
balance sheet total €37,254 on 31-12-2025in euro
in euro
Position in the sector
-64.3%
Lower than 95% of 35,125 companies in 2025.
2.25
Higher than 60% of 34,499 companies in 2025.
29.6%
Higher than 86% of 34,700 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff
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 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
37,254 | 39,494 | 51,233 | 81,574 | 86,224 | 63,078 | |
21/28 |
17,073 | 22,280 | 35,019 | 44,050 | 62,889 | 46,378 | |
21 |
- | 150 | 350 | 550 | 750 | 950 | |
22/27 |
16,960 | 22,130 | 34,670 | 43,500 | 62,139 | 45,428 | |
23 |
9,389 | 2,726 | 2,964 | 2,928 | 4,985 | 3,406 | |
24 |
7,572 | 15,470 | 23,771 | 28,638 | 41,219 | 22,088 | |
26 |
- | 3,934 | 7,934 | 11,934 | 15,934 | 19,934 | |
28 |
113 | - | - | - | - | - | |
29/58 |
20,181 | 17,214 | 16,213 | 37,524 | 23,336 | 16,700 | |
40/41 |
9,632 | 11,770 | 13,996 | 35,773 | 14,257 | 10,224 | |
40 |
9,632 | 4,287 | 2,214 | 29,147 | 7,126 | 4,304 | |
41 |
- | 7,483 | 11,782 | 6,626 | 7,131 | 5,921 | |
54/58 |
10,169 | 5,029 | 1,744 | 876 | 8,163 | 6,255 | |
490/1 |
380 | 415 | 474 | 875 | 915 | 221 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
37,254 | 39,494 | 51,233 | 81,574 | 86,224 | 63,078 | |
10/15 |
-23,938 | -34,976 | -37,838 | -6,143 | 4,037 | 26,410 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
14 |
-33,938 | -44,976 | -47,838 | -16,143 | -5,963 | 16,410 | |
17/49 |
61,192 | 74,470 | 89,071 | 87,717 | 82,187 | 36,668 | |
17 |
52,243 | 63,748 | 71,690 | 58,687 | 64,132 | 25,083 | |
170/4 |
52,243 | 63,748 | 71,690 | 58,687 | 64,132 | 25,083 | |
42/48 |
8,950 | 10,721 | 17,301 | 29,030 | 18,056 | 11,585 | |
42 |
5,871 | 8,715 | 8,605 | 8,497 | 8,391 | - | |
44 |
2,138 | 2,006 | 8,696 | 20,532 | 6,946 | 8,754 | |
440/4 |
2,138 | 2,006 | 8,696 | 20,532 | 6,946 | 8,754 | |
45 |
940 | - | - | - | 2,719 | 2,760 | |
450/3 |
940 | - | - | - | 2,719 | 2,719 | |
454/9 |
- | - | - | - | - | 40 | |
47/48 |
- | - | - | - | - | 71 | |
492/3 |
- | - | 80 | - | - | - | |
| Income statement | |||||||
9900 |
31,200 | 18,949 | -12,665 | 11,106 | -481 | 25,079 | |
62 |
- | - | - | - | - | 1,980 | |
630 |
14,185 | 13,940 | 16,735 | 18,839 | 14,361 | 3,304 | |
640/8 |
5,565 | 1,231 | 1,483 | 1,520 | 7,195 | 660 | |
9901 |
11,450 | 3,778 | -30,883 | -9,253 | -22,037 | 19,135 | |
75/76B |
0 | 43 | 61 | 0 | 102 | 72 | |
75 |
0 | 43 | 61 | 0 | 102 | 72 | |
65/66B |
413 | 959 | 873 | 927 | 437 | 78 | |
65 |
413 | 959 | 873 | 927 | 437 | 78 | |
9903 |
11,038 | 2,862 | -31,695 | -10,180 | -22,373 | 19,129 | |
67/77 |
- | - | - | - | - | 2,719 | |
9904 |
11,038 | 2,862 | -31,695 | -10,180 | -22,373 | 16,410 | |
9905 |
11,038 | 2,862 | -31,695 | -10,180 | -22,373 | 16,410 | |
| Appropriation of the result | |||||||
9906 |
-33,938 | -44,976 | -47,838 | -16,143 | -5,963 | 16,410 | |
14P |
-44,976 | -47,838 | -16,143 | -5,963 | 16,410 | - | |
| Social balance sheet | |||||||
9087 |
- | - | - | - | - | 0.1 | |
Hours worked1013 |
- | - | - | - | - | 56 | |
| Document | |||||||
The notes to these accounts have 13 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 30-07-2026.
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 | 30-07-2026 | 2026-00355642 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00241941 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00302313 | |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00235489 | |
| 31-12-2021 | micro format | 11-10-2022 | 2022-20456830 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37100005 |
Subsidies and aid
Flemish government 2025, 1 entry, €191 awarded, €191 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 25,635 | 17,718 | -14,148 | 9,586 | -7,676 | 22,439 | ||
| 25,223 | 16,803 | -14,960 | 8,659 | -8,012 | 19,714 | ||
| 8,979 | 1,201 | 7,705 | 0 | 38,487 | 49,682 | ||
| 5,140 | 3,285 | 868 | -7,287 | 1,908 | - | ||
| 11,231 | 6,493 | -1,088 | 8,494 | 5,280 | 5,115 | ||
| -64.3% | -88.6% | -73.9% | -7.5% | 4.7% | 41.9% | ||
| 2.25 | 1.61 | 0.94 | 1.29 | 1.29 | 1.44 | ||
| - | - | - | - | 20.36 | 1.39 | ||
| - | - | - | - | -554.2% | 62.1% | ||
| 29.6% | 7.2% | -61.9% | -12.5% | -25.9% | 26.0% | ||
| 62.12 | 18.48 | -16.21 | 10.34 | -17.55 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | €8,866 | €1,201 | €7,705 | - | €38,487 |
| Financial fixed assets | €113 | - | - | - | - |
| €14,185 | €13,940 | €16,735 | €18,839 | €14,361 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on EQ
The operating result for 2025 is over 3 times that of 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Equity is negative. Debt (€61,192) exceeds the balance-sheet total (€37,254).