Equal
Annual accounts 2025
micro format, filed on 22-06-2026, 39 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 ≈ €190,000. Estimated: probably between €130,000 and €330,000.
Balance sheet
balance sheet total €248,432 on 31-12-2025in euro
in euro
Position in the sector
2.0%
Higher than 13% of 2,302 companies in 2025.
0.44
Higher than 9% of 2,199 companies in 2025.
13.1%
Higher than 48% of 2,233 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · 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 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
248,432 | 274,805 | 84,259 | 54,990 | |
21/28 |
199,030 | 172,622 | 18,604 | 14,651 | |
22/27 |
199,030 | 172,622 | 18,604 | 14,651 | |
22 |
192,505 | 163,849 | 7,626 | 7,245 | |
23 |
151 | 239 | 327 | 415 | |
24 |
6,374 | 8,534 | 10,651 | 6,991 | |
29/58 |
49,402 | 102,182 | 65,654 | 40,339 | |
40/41 |
3,250 | 9,180 | 13,290 | 13,183 | |
40 |
- | 0 | 13,290 | 12,365 | |
41 |
3,250 | 9,180 | - | 818 | |
50/53 |
0 | 40,835 | 40,000 | - | |
54/58 |
43,742 | 49,723 | 10,884 | 21,686 | |
490/1 |
2,410 | 2,444 | 1,480 | 5,470 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
248,432 | 274,805 | 84,259 | 54,990 | |
10/15 |
5,000 | 109,975 | 80,467 | 50,812 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
11 |
- | - | 5,000 | 5,000 | |
1109/19 |
- | - | 5,000 | 5,000 | |
14 |
0 | 104,975 | 75,467 | 45,812 | |
17/49 |
243,432 | 164,829 | 3,792 | 4,178 | |
17 |
130,069 | 138,248 | - | - | |
170/4 |
130,069 | 138,248 | - | - | |
42/48 |
113,363 | 26,581 | 3,792 | 4,178 | |
42 |
8,179 | 7,902 | - | - | |
43 |
1,127 | 2,118 | - | - | |
430/8 |
1,127 | 2,118 | - | - | |
44 |
2,249 | 11,317 | 397 | 23 | |
440/4 |
2,249 | 11,317 | 397 | 23 | |
45 |
22,591 | 4,746 | 3,103 | 3,386 | |
450/3 |
22,591 | 4,746 | 3,103 | 3,386 | |
47/48 |
79,216 | 497 | 292 | 769 | |
| Income statement | |||||
9900 |
64,233 | 50,091 | 44,517 | 59,860 | |
630 |
14,851 | 8,645 | 5,106 | 2,196 | |
640/8 |
2,515 | 989 | 439 | 102 | |
9901 |
46,867 | 40,458 | 38,972 | 57,561 | |
75/76B |
913 | 1,296 | 0 | 0 | |
75 |
913 | 1,296 | 0 | 0 | |
65/66B |
5,171 | 3,304 | 71 | 68 | |
65 |
5,171 | 3,304 | 71 | 68 | |
9903 |
42,610 | 38,450 | 38,901 | 57,494 | |
67/77 |
9,963 | 8,942 | 9,246 | 11,682 | |
9904 |
32,646 | 29,509 | 29,655 | 45,812 | |
9905 |
32,646 | 29,509 | 29,655 | 45,812 | |
| Appropriation of the result | |||||
9906 |
137,621 | 104,975 | 75,467 | 45,812 | |
14P |
104,975 | 75,467 | 45,812 | - | |
694/7 |
137,621 | - | - | - | |
694 |
137,621 | - | - | - | |
| Document | |||||
The notes to these accounts have 7 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 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 61,718 | 49,102 | 44,078 | 59,758 | ||
| 47,497 | 38,153 | 34,761 | 48,008 | ||
| 41,259 | 162,662 | 9,060 | 16,847 | ||
| -5,981 | 38,839 | -10,802 | - | ||
| -63,961 | 75,601 | 61,862 | 36,161 | ||
| 2.0% | 40.0% | 95.5% | 92.4% | ||
| 0.44 | 3.84 | 17.31 | 9.65 | ||
| 48.69 | 1.50 | 0.05 | 0.08 | ||
| 652.9% | 26.8% | 36.9% | 90.2% | ||
| 13.1% | 10.7% | 35.2% | 83.3% | ||
| 11.94 | 14.86 | over 100 | over 100 |
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 |
|---|---|---|---|---|
| Tangible fixed assets | €41,259 | €162,662 | €9,060 | €15,661 |
| Intangible fixed assets | - | - | - | €1,187 |
| €14,851 | €8,645 | €5,106 | €2,196 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Equal
The operating result for 2025 is 16% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 60.0% to 98.0%. Equity is lower and debt is higher.