equinity
Annual accounts 2025
micro format, filed on 02-07-2026, 29 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 ≈ €150,000. Estimated: probably between €120,000 and €210,000.
Balance sheet
balance sheet total €482,719 on 31-12-2025in euro
in euro
Position in the sector
49.0%
Higher than 49% of 9,701 companies in 2025.
1.82
Higher than 49% of 9,319 companies in 2025.
9.1%
Higher than 45% of 9,443 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
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 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
482,719 | 647,296 | 757,137 | 560,542 | 317,736 | 225,128 | 260,937 | 179,713 | 133,357 | 125,308 | 119,483 | 403,098 | 384,555 | 257,973 | 147,518 | |
21/28 |
35,839 | 47,489 | 48,759 | 25,857 | 9,824 | 8,483 | 9,563 | 11,279 | 12,075 | 14,463 | 23,498 | 79,008 | 103,522 | 37,209 | 84,955 | |
22/27 |
35,839 | 47,489 | 48,759 | 25,857 | 9,824 | 8,483 | 9,563 | 11,279 | 12,075 | 14,463 | 23,498 | 79,008 | 103,522 | 37,209 | 84,955 | |
23 |
- | - | - | - | - | - | - | - | 4,099 | 13,798 | 23,498 | 79,008 | 103,522 | 37,175 | 84,748 | |
24 |
8,998 | 15,888 | 20,224 | 4,141 | 3,214 | 636 | 479 | 958 | 660 | 666 | - | - | - | 34 | 207 | |
26 |
26,840 | 31,601 | 28,535 | 21,717 | 6,610 | 7,847 | 9,084 | 10,321 | 7,317 | - | - | - | - | - | - | |
29/58 |
446,880 | 599,808 | 708,378 | 534,685 | 307,912 | 216,646 | 251,374 | 168,434 | 121,282 | 110,845 | 95,985 | 324,090 | 281,033 | 220,764 | 62,563 | |
29 |
- | 53,314 | 83,714 | 95,000 | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | 53,314 | 83,714 | 95,000 | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | 1,400 | 1,400 | 1,400 | 1,400 | - | - | - | - | 167,500 | 167,500 | 167,500 | - | |
30/36 |
- | - | - | 1,400 | 1,400 | 1,400 | 1,400 | - | - | - | - | 167,500 | 167,500 | 167,500 | - | |
40/41 |
329,599 | 474,562 | 393,255 | 374,545 | 201,320 | 167,706 | 229,776 | 153,166 | 119,866 | 88,470 | 77,782 | 152,566 | 108,475 | 43,188 | 60,638 | |
40 |
4,999 | 19,588 | 41,666 | 47,856 | 28,604 | 44,369 | 217,420 | 152,811 | 119,511 | 88,114 | 77,427 | 152,566 | 97,921 | 42,602 | 24,634 | |
41 |
324,600 | 454,974 | 351,590 | 326,689 | 172,716 | 123,337 | 12,356 | 356 | 356 | 356 | 356 | - | 10,553 | 586 | 36,004 | |
54/58 |
116,687 | 64,898 | 225,562 | 62,852 | 103,760 | 46,786 | 20,198 | 15,051 | 1,203 | 22,167 | 17,562 | 4,023 | 5,059 | 9,281 | 1,925 | |
490/1 |
594 | 7,033 | 5,847 | 887 | 1,432 | 753 | 0 | 216 | 212 | 208 | 641 | - | - | 795 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
482,719 | 647,296 | 757,137 | 560,542 | 317,736 | 225,128 | 260,937 | 179,713 | 133,357 | 125,308 | 119,483 | 403,098 | 384,555 | 257,973 | 147,518 | |
10/15 |
236,605 | 551,870 | 610,701 | 466,478 | 287,734 | 175,373 | 119,060 | 52,326 | 18,771 | -3,059 | -14,070 | -204,438 | -189,745 | -159,159 | -111,328 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
230,405 | 545,670 | 602,380 | 458,157 | 279,413 | 167,052 | 110,740 | 45,740 | 12,570 | - | - | - | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 690 | - | - | - | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
133 |
228,545 | 543,810 | 600,520 | 456,297 | 277,553 | 165,192 | 108,880 | 43,880 | 11,880 | - | - | - | - | - | - | |
14 |
- | - | 2,121 | 2,121 | 2,121 | 2,121 | 2,120 | 386 | 1 | -9,259 | -20,270 | -210,638 | -195,945 | -165,359 | -117,528 | |
17/49 |
246,114 | 95,426 | 146,437 | 94,064 | 30,002 | 49,755 | 141,876 | 127,386 | 114,586 | 128,367 | 133,553 | 607,536 | 574,300 | 417,132 | 258,846 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 326,036 | 327,045 | 232,370 | 86,200 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | 326,036 | 327,045 | 232,370 | 86,200 | |
42/48 |
246,114 | 95,426 | 146,437 | 94,064 | 30,002 | 49,755 | 141,876 | 127,386 | 114,586 | 128,367 | 133,553 | 273,247 | 239,264 | 179,087 | 172,646 | |
43 |
13,450 | 13,382 | 13,588 | 13,173 | 13,382 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
13,450 | 13,382 | 13,588 | 13,173 | 13,382 | - | - | - | - | - | - | - | - | - | - | |
44 |
475 | 4,395 | 3,271 | 21,392 | 1,187 | 4,254 | 13,556 | 8,126 | 4,382 | 11,807 | 430 | 1,754 | 7,756 | 75,835 | - | |
440/4 |
475 | 4,395 | 3,271 | 21,392 | 1,187 | 4,254 | 13,556 | 8,126 | 4,382 | 11,807 | 430 | 1,754 | 7,756 | 75,835 | - | |
45 |
10,964 | 1,415 | 56,327 | 37,130 | 15,432 | 35,974 | 36,071 | 35,378 | 21,697 | 2,782 | 14,096 | 540 | - | 7,585 | 407 | |
450/3 |
10,964 | 1,415 | 52,404 | 27,139 | 11,596 | 35,974 | 36,071 | 32,073 | 21,697 | 2,782 | 14,096 | 540 | - | 7,585 | 407 | |
454/9 |
- | - | 3,923 | 9,991 | 3,836 | - | 0 | 3,305 | - | - | - | - | - | - | - | |
47/48 |
221,225 | 76,235 | 73,251 | 22,368 | - | 9,528 | 92,250 | 83,883 | 88,508 | 113,778 | 119,028 | 270,952 | 231,508 | 95,667 | 172,239 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | 8,253 | 7,991 | 5,675 | - | |
| Income statement | ||||||||||||||||
9900 |
74,639 | 19,737 | 320,098 | 341,249 | 198,325 | 84,762 | 105,361 | 58,737 | 47,538 | 24,111 | 216,250 | 39,646 | 19,178 | -19,760 | -49,805 | |
62 |
- | 4,517 | 57,141 | 55,478 | 27,082 | - | - | - | - | - | - | - | - | - | - | |
630 |
14,234 | 13,359 | 8,117 | 3,959 | 2,325 | 1,738 | 1,716 | 5,984 | 10,763 | 9,952 | 19,510 | 45,008 | 41,345 | 18,997 | 67,185 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,331 | - | |
640/8 |
459 | 3,193 | 3,198 | 348 | 3,848 | 348 | 4,963 | 2,357 | 852 | 1,279 | 2,034 | 934 | 100 | - | 213 | |
9901 |
59,947 | -1,332 | 251,641 | 281,465 | 165,070 | 82,676 | 98,682 | 50,396 | 35,923 | 12,881 | 194,707 | -6,296 | -22,268 | -42,087 | -117,203 | |
75/76B |
10,228 | 19,680 | 11,356 | 2,828 | 850 | 44 | 0 | 0 | - | - | 4 | 4 | 2 | 16 | 2,452 | |
75 |
10,228 | 19,680 | 11,356 | 2,828 | 850 | 44 | 0 | 0 | - | - | 4 | 4 | 2 | 16 | 2,452 | |
65/66B |
2,075 | 1,165 | 2,027 | 1,052 | 1,964 | 877 | 386 | 345 | 933 | 1,523 | 4,299 | 8,400 | 8,320 | 5,759 | 2,777 | |
65 |
2,075 | 1,165 | 2,027 | 1,052 | 1,964 | 877 | 386 | 345 | 933 | 1,523 | 4,299 | 8,400 | 8,320 | 5,759 | 2,777 | |
9903 |
68,099 | 17,183 | 260,970 | 283,241 | 163,956 | 81,844 | 98,296 | 50,051 | 34,990 | 11,359 | 190,412 | -14,693 | -30,585 | -47,830 | -117,528 | |
67/77 |
24,067 | 8,892 | 84,748 | 92,616 | 51,596 | 25,531 | 31,562 | 16,495 | 13,160 | 348 | 43 | 1 | - | 0 | - | |
9904 |
44,033 | 8,290 | 176,222 | 190,625 | 112,361 | 56,313 | 66,734 | 33,555 | 21,830 | 11,010 | 190,369 | -14,694 | -30,585 | -47,831 | -117,528 | |
9905 |
44,033 | 8,290 | 176,222 | 190,625 | 112,361 | 56,313 | 66,734 | 33,555 | 21,830 | 11,010 | 190,369 | -14,694 | -30,585 | -47,831 | -117,528 | |
| Appropriation of the result | ||||||||||||||||
9906 |
44,033 | 10,411 | 178,343 | 192,746 | 114,482 | 58,433 | 67,120 | 33,556 | 12,571 | -9,259 | -20,270 | -210,638 | -195,945 | -165,359 | -117,528 | |
14P |
- | 2,121 | 2,121 | 2,121 | 2,121 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
359,297 | 65,000 | 32,000 | 11,880 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
44,033 | 8,290 | 176,222 | 190,625 | 112,361 | 56,312 | 65,000 | 33,170 | 12,570 | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | 0 | 1,170 | 690 | - | - | - | - | - | - | |
6921 |
44,033 | 8,290 | 176,222 | 190,625 | 112,361 | 56,312 | 65,000 | 32,000 | 11,880 | - | - | - | - | - | - | |
694/7 |
359,297 | 67,121 | 32,000 | 11,880 | - | - | - | - | - | - | - | - | - | - | - | |
694 |
359,297 | 67,121 | 32,000 | 11,880 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | 1 | 1 | 0.6 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | 1,786 | 1,679 | 1,033 | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 8 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 02-07-2026.
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 | 02-07-2026 | 2026-00241751 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00317850 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00367890 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00419692 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20305122 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56000297 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-64200479 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58000089 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-54800010 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-49200032 | |
| 31-12-2015 | full format | 22-08-2016 | 2016-44200588 | |
| 31-12-2014 | full format | 18-08-2015 | 2015-42800195 | |
| 31-12-2013 | full format | 22-08-2014 | 2014-44400281 | |
| 31-12-2012 | full format | 14-02-2014 | 2014-03400392 | |
| 31-12-2011 | full format | 25-09-2012 | 2012-57200171 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 74,181 | 12,027 | 259,758 | 285,423 | 167,395 | 84,414 | 100,398 | 56,380 | 46,686 | 22,833 | 214,216 | 38,712 | 19,078 | -23,091 | -50,018 | ||
| 58,267 | 21,649 | 184,339 | 194,584 | 114,686 | 58,051 | 68,450 | 39,539 | 32,593 | 20,962 | 209,878 | 30,315 | 10,760 | -28,834 | -50,343 | ||
| 2,643 | 12,089 | 31,019 | 19,993 | 3,666 | 658 | 6,139 | 5,188 | 8,375 | 917 | -36,000 | 20,494 | 107,659 | -28,750 | 152,140 | ||
| 51,789 | -160,664 | 162,710 | -40,908 | 56,974 | 26,589 | 5,146 | 13,848 | -20,964 | 4,605 | 13,539 | -1,035 | -4,223 | 7,356 | - | ||
| 200,766 | 504,381 | 561,942 | 440,621 | 277,910 | 166,890 | 109,497 | 41,047 | 6,695 | -17,523 | -37,568 | 50,843 | 41,769 | 41,677 | -110,083 | ||
| 49.0% | 85.3% | 80.7% | 83.2% | 90.6% | 77.9% | 45.6% | 29.1% | 14.1% | -2.4% | -11.8% | -50.7% | -49.3% | -61.7% | -75.5% | ||
| 1.82 | 6.29 | 4.84 | 5.68 | 10.26 | 4.35 | 1.77 | 1.32 | 1.06 | 0.86 | 0.72 | 1.19 | 1.17 | 1.23 | 0.36 | ||
| 1.82 | 6.29 | 4.84 | 5.67 | 10.22 | 4.33 | 1.76 | 1.32 | 1.06 | 0.86 | 0.72 | 0.57 | 0.47 | 0.30 | 0.36 | ||
| 1.04 | 0.17 | 0.24 | 0.20 | 0.10 | 0.28 | 1.19 | 2.43 | 6.10 | - | - | - | - | - | - | ||
| 18.6% | 1.5% | 28.9% | 40.9% | 39.1% | 32.1% | 56.1% | 64.1% | 116.3% | - | - | - | - | - | - | ||
| 9.1% | 1.3% | 23.3% | 34.0% | 35.4% | 25.0% | 25.6% | 18.7% | 16.4% | 8.8% | 159.3% | -3.6% | -8.0% | -18.5% | -79.7% | ||
| 35.75 | 10.32 | over 100 | over 100 | 85.25 | - | - | - | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 |
| full-time | - | 1 | 1 | 1 |
| in full-time equivalents | - | 1 | 1 | 1 |
| - | 1 | 1 | 0.6 | |
| On a permanent contract | - | 1 | 1 | 1 |
| Joined | 0 | - | - | 1 |
| Left | 1 | - | - | 0 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,643 | €12,089 | €31,019 | €19,993 | €3,666 |
| €14,234 | €13,359 | €8,117 | €3,959 | €2,325 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on equinity
The operating result for 2025 is a profit of €59,947, after a loss of €1,332 in 2024.
Debt's share of the balance-sheet total rises from 14.7% to 51.0%. Equity is lower and debt is higher.