EXPERTSOLUTIONS
InactiveFinancials · financial year 2025, micro format
Turnover
≈ €470,000
Estimated: probably between €310,000 and €720,000
Total assets
€287,253▲ 20.4%
2024 · €238,518
Net result
€70,287
2024 · -€21,791
Working capital
€248,882
2024 · -€4,668
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €95,798 after a loss of €17,041 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€95,798
2025
Net result€70,287
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€287,253
2025
Equity€251,857
2025
Debt€35,396
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€248,882
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€4,404-€61,012▲ 14×€72,125▲ 18.2%-€38,628€17,097-€17,041€95,798
Net result-€3,053-€51,687€20,984▼ 59.4%-€39,428-€520▲ 98.7%-€21,791▼ 4,090%€70,287
Equity€220,638-€222,325▲ 0.8%€243,310▲ 9.4%€203,882▼ 16.2%€203,362▼ 0.3%€181,571▼ 10.7%€251,857▲ 38.7%
Total assets€521,271-€539,277▲ 3.5%€387,414▼ 28.2%€310,068▼ 20.0%€267,208▼ 13.8%€238,518▼ 10.7%€287,253▲ 20.4%
Debt€300,633-€316,952▲ 5.4%€144,104▼ 54.5%€106,187▼ 26.3%€63,846▼ 39.9%€56,948▼ 10.8%€35,396▼ 37.8%
Working capital€35,010-€37,943▲ 8.4%-€43,358-€38,689▲ 10.8%-€11,659▲ 69.9%-€4,668▲ 60.0%€248,882
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €287,253
Fixed assets
€2,975 ▼ 98.4%
Current assets
€284,278 ▲ 444%
Equity and liabilities €287,253
Equity
€251,857 ▲ 38.7%
Debt
€35,396 ▼ 37.8%
Debt's share of the balance-sheet total falls from 23.9% to 12.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
8.03▲
2024 · 0.92
Debt to equity
0.14▼
2024 · 0.31
ROE
27.9%▲
2024 · -12.0%
ROA
24.5%▲
2024 · -9.1%
Debt ≤ 1 year
€35,396▼
2024 · €56,948
Income taxes
€26,599▲
2024 · €4,590
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €50,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,476 | €45,272 | €44,098 | €42,966 | €29,565 | €28,782 | - | - |
| Other operating charges640/8 | - | - | - | €4,654 | €7,707 | €6,958 | €3,528 | ▼ 49.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €87,621 | - |
| Gross operating margin9900 | €52,754 | €110,133 | €126,585 | €8,992 | €54,369 | €18,699 | €186,946 | ▲ 900% |
| Operating profit (loss)9901 | €4,404 | €61,012 | €72,125 | -€38,628 | €17,097 | -€17,041 | €95,798 | - |
| Financial income75/76B | - | - | - | €0 | €0 | - | €2,339 | - |
| Recurring financial income75 | €185 | €6 | €111 | €0 | €0 | - | €2,339 | - |
| Financial charges65/66B | - | - | - | €215 | €267 | €160 | €1,251 | ▲ 683% |
| Recurring financial charges65 | €7,015 | €6,001 | €2,620 | €215 | €267 | €160 | €1,251 | ▲ 683% |
| Profit (loss) for the period before taxes9903 | -€2,426 | €55,017 | €69,616 | -€38,842 | €16,830 | -€17,201 | €96,885 | - |
| Income taxes67/77 | €626 | €3,330 | €48,632 | €586 | €17,350 | €4,590 | €26,599 | ▲ 479% |
| Profit (loss) for the period9904 | -€3,053 | €51,687 | €20,984 | -€39,428 | -€520 | -€21,791 | €70,287 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,053 | €51,687 | €20,984 | -€39,428 | -€520 | -€21,791 | €70,287 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €521,271 | €539,277 | €387,414 | €310,068 | €267,208 | €238,518 | €287,253 | ▲ 20.4% |
| Fixed assets21/28 | €368,766 | €330,765 | €286,668 | €243,702 | €215,021 | €186,239 | €2,975 | ▼ 98.4% |
| Tangible fixed assets22/27 | €366,291 | €327,790 | €283,693 | €240,727 | €212,046 | €183,264 | - | - |
| Land and buildings22 | - | - | - | €227,649 | €201,585 | €175,521 | - | - |
| Plant, machinery and equipment23 | - | - | - | €942 | €749 | €454 | - | - |
| Furniture and vehicles24 | - | - | - | €12,136 | €9,712 | €7,288 | - | - |
| Financial fixed assets28 | €2,475 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Current assets29/58 | €152,506 | €208,512 | €100,746 | €66,367 | €52,187 | €52,280 | €284,278 | ▲ 444% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €44,929 | - |
| Other amounts receivable291 | - | - | - | - | - | - | €44,929 | - |
| Stocks and contracts in progress3 | - | €8,315 | €9,642 | €7,076 | €3,162 | €1,233 | - | - |
| Stocks30/36 | - | - | - | €7,076 | €3,162 | €1,233 | - | - |
| Amounts receivable within one year40/41 | €12,350 | €41,973 | €22,987 | €25,128 | €7,247 | €30,455 | €12,073 | ▼ 60.4% |
| Trade receivables40 | - | - | - | €21,207 | €1,169 | €28,367 | €11,595 | ▼ 59.1% |
| Other amounts receivable41 | - | - | - | €3,921 | €6,078 | €2,088 | €477 | ▼ 77.1% |
| Cash at bank and in hand54/58 | €139,638 | €157,935 | €68,059 | €34,163 | €41,778 | €8,948 | €227,276 | ▲ 25× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €11,644 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €521,271 | €539,277 | €387,414 | €310,068 | €267,208 | €238,518 | €287,253 | ▲ 20.4% |
| Equity10/15 | €220,638 | €222,325 | €243,310 | €203,882 | €203,362 | €181,571 | €251,857 | ▲ 38.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €71,860 | ▲ 39× |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | €70,000 | - |
| Profit (loss) carried forward14 | €200,178 | €201,865 | €222,850 | €183,422 | €182,902 | €161,111 | €161,397 | ▲ 0.2% |
| Amounts payable17/49 | €300,633 | €316,952 | €144,104 | €106,187 | €63,846 | €56,948 | €35,396 | ▼ 37.8% |
| Amounts payable after more than one year17 | €180,180 | €144,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €117,496 | €170,568 | €144,104 | €105,056 | €63,846 | €56,948 | €35,396 | ▼ 37.8% |
| Financial debts43 | - | - | - | - | - | €3 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €3 | - | - |
| Trade debts44 | €688 | €829 | €777 | €1,073 | €1,018 | €18,797 | €29 | ▼ 99.8% |
| Suppliers440/4 | - | - | - | €1,073 | €1,018 | €18,797 | €29 | ▼ 99.8% |
| Taxes, remuneration and social security45 | - | - | - | €15,202 | €39,966 | €22,710 | €19,440 | ▼ 14.4% |
| Taxes450/3 | - | - | - | €15,202 | €25,966 | €12,710 | €19,440 | ▲ 53.0% |
| Remuneration and social security454/9 | - | - | - | - | €14,000 | €10,000 | - | - |
| Other amounts payable47/48 | - | - | - | €88,781 | €22,861 | €15,438 | €15,927 | ▲ 3.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,131 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,053 | €51,687 | €20,984 | -€39,428 | -€520 | -€21,791 | €70,287 | - |
| + Depreciation and write-downs630 | €45,476 | €45,272 | €44,098 | €42,966 | €29,565 | €28,782 | - | - |
| Operating cash flow (approximation) | €42,424 | €96,959 | €65,082 | €3,538 | €29,045 | €6,991 | €70,287 | ▲ 905% |
| Investment in fixed assets (approximation) | - | -€7,271 | €0 | €0 | -€884 | €0 | €183,264 | - |
| Change in cash | - | €18,297 | -€89,876 | -€33,896 | €7,614 | -€32,829 | €218,328 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00020039 |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00018475 |
| 30-06-2023 | micro format | 02-02-2024 | 2024-00023135 |
| 30-06-2022 | micro format | 06-02-2023 | 2023-00023072 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03900138 |
| 30-06-2020 | micro format | 06-02-2021 | 2021-04900024 |
| 30-06-2019 | micro format | 29-01-2020 | 2020-02400580 |
| 30-06-2018 | micro format | 04-02-2019 | 2019-04000245 |
| 30-06-2017 | micro format | 26-02-2018 | 2018-05400245 |
| 30-06-2016 | abbreviated format | 11-01-2017 | 2017-00700587 |
Subsidies and aid
Flemish government
2023 · 1 entry · €750 awarded · €750 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.