F-ACTION
Annual accounts 2025
micro format, filed on 27-08-2026, 27 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €5.0m on 31-12-2025in €m
in euro
Position in the sector
95.9%
Higher than 95% of 39,364 companies in 2025.
9.84
Higher than 89% of 38,048 companies in 2025.
11.1%
Higher than 44% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top 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 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
5.0m | 4.5m | 4.1m | 3.7m | 1.6m | 1.6m | 1.4m | 1.3m | 1.3m | 1.3m | 237,793 | 208,227 | 228,380 | 744,157 | 810,946 | 828,862 | 815,720 | 699,566 | 562,692 | 553,187 | |
21/28 |
3.0m | 2.9m | 2.9m | 3.0m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | 1.1m | 41,086 | 36,724 | 45,359 | 573,972 | 584,922 | 596,825 | 604,872 | 531,377 | 521,339 | 516,624 | |
21 |
- | - | - | - | - | - | 130 | - | - | - | - | 104 | 69 | 18,891 | 5,981 | - | - | - | - | - | |
22/27 |
1.9m | 1.8m | 1.8m | 1.9m | 53,314 | 44,441 | 41,673 | 33,565 | 70,488 | 44,411 | 40,517 | 36,620 | 45,290 | 45,950 | 72,624 | 90,507 | 98,554 | 25,717 | 15,559 | 10,843 | |
22 |
1.8m | 1.7m | 1.7m | 1.9m | - | - | - | - | 41,940 | - | - | - | - | - | - | - | - | - | - | - | |
23 |
138,150 | 35,313 | 26,089 | 19,643 | 20,665 | 10,293 | 10,083 | 12,766 | 3,711 | 3,851 | 3,154 | 3,774 | 3,251 | 4,447 | 2,374 | 6,087 | 3,471 | 2,279 | 420 | - | |
24 |
46,425 | 46,232 | 45,204 | 25,577 | 32,649 | 33,784 | 30,862 | 19,708 | 23,380 | 40,560 | 37,363 | 32,846 | 42,039 | 41,503 | 70,249 | 84,421 | 95,083 | 23,438 | 15,139 | 10,843 | |
26 |
- | - | - | - | 0 | 364 | 728 | 1,092 | 1,456 | - | - | - | - | - | - | - | - | - | - | - | |
28 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 569 | - | - | 509,131 | 506,318 | 506,318 | 506,318 | 505,660 | 505,780 | 505,780 | |
29/58 |
2.0m | 1.6m | 1.2m | 673,011 | 488,972 | 427,568 | 296,921 | 176,507 | 102,865 | 134,267 | 196,707 | 171,503 | 183,021 | 170,185 | 226,024 | 232,037 | 210,847 | 168,188 | 41,353 | 36,564 | |
29 |
- | - | - | - | - | - | - | - | - | - | 128,000 | 128,000 | 148,000 | 148,000 | 148,000 | 148,000 | 138,000 | 138,000 | - | - | |
291 |
- | - | - | - | - | - | - | - | - | - | 128,000 | 128,000 | 148,000 | 148,000 | 148,000 | 148,000 | 138,000 | 138,000 | - | - | |
40/41 |
303,535 | 298,754 | 420,810 | 242,649 | 96,584 | 27,035 | 22,259 | 28,616 | 17,010 | 17,422 | 9,898 | 19,661 | 17,924 | 14,302 | 63,459 | 59,740 | 51,712 | 23,291 | 37,248 | 29,417 | |
40 |
27,363 | 28,235 | 25,986 | 29,003 | 41,541 | 27,035 | 22,259 | 28,616 | 10,721 | 11,132 | 9,898 | 7,413 | 3,297 | 14,302 | 60,686 | 43,822 | 48,688 | 22,454 | 35,289 | 24,843 | |
41 |
276,172 | 270,519 | 394,824 | 213,646 | 55,043 | - | - | - | 6,290 | 6,290 | - | 12,248 | 14,627 | - | 2,773 | 15,919 | 3,024 | 837 | 1,959 | 4,575 | |
50/53 |
1.7m | 1.1m | 395,405 | 395,405 | 377,757 | 382,757 | 270,399 | 139,805 | 55,297 | 24,295 | - | - | - | - | - | - | - | - | - | - | |
54/58 |
30,287 | 175,087 | 422,382 | 30,150 | 14,008 | 16,476 | 4,142 | 6,210 | 28,852 | 92,550 | 56,576 | 13,203 | 13,463 | 4,048 | 10,160 | 19,665 | 17,717 | 4,735 | 1,331 | 4,330 | |
490/1 |
963 | 3,143 | 9,229 | 4,807 | 622 | 1,300 | 120 | 1,876 | 1,706 | - | 2,233 | 10,640 | 3,635 | 3,835 | 4,405 | 4,631 | 3,419 | 2,162 | 2,774 | 2,817 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
5.0m | 4.5m | 4.1m | 3.7m | 1.6m | 1.6m | 1.4m | 1.3m | 1.3m | 1.3m | 237,793 | 208,227 | 228,380 | 744,157 | 810,946 | 828,862 | 815,720 | 699,566 | 562,692 | 553,187 | |
10/15 |
4.8m | 4.3m | 3.9m | 2.9m | 679,100 | 635,181 | 563,644 | 582,471 | 574,313 | 607,506 | 34,216 | -125,172 | -129,725 | 356,129 | 333,877 | 312,259 | 285,691 | 228,454 | 220,306 | 220,151 | |
10/11 |
640,000 | 640,000 | 640,000 | 640,000 | 640,000 | 640,000 | 640,000 | 640,000 | 640,000 | 640,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | |
100 |
- | - | - | - | - | - | 640,000 | 640,000 | 640,000 | 640,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | |
13 |
4.2m | 3.6m | 3.3m | 2.3m | 39,000 | 24,028 | 24,028 | 24,028 | 24,028 | 24,028 | 24,028 | 24,028 | 24,028 | 24,028 | 24,028 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | |
130/1 |
- | - | - | 7,000 | 7,000 | 7,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | |
1311 |
- | - | - | 7,000 | 7,000 | 7,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
4.2m | 3.6m | 3.3m | 2.3m | 32,000 | 17,028 | 17,028 | 17,028 | 17,028 | 17,028 | 17,028 | 17,028 | 17,028 | 17,028 | 17,028 | - | - | - | - | - | |
14 |
237 | 827 | 627 | 287 | 100 | -28,847 | -100,384 | -81,556 | -89,715 | -56,522 | -59,812 | -219,199 | -223,753 | 262,101 | 239,849 | 235,259 | 208,691 | 151,454 | 143,306 | 143,151 | |
17/49 |
204,822 | 194,052 | 224,719 | 776,370 | 945,505 | 919,148 | 857,400 | 709,921 | 681,360 | 653,492 | 203,577 | 333,399 | 358,105 | 388,028 | 477,069 | 516,604 | 530,028 | 471,111 | 342,385 | 333,036 | |
17 |
- | - | - | 2,534 | 5,883 | 9,197 | 12,476 | - | - | - | - | 200,000 | 200,000 | 208,599 | 230,318 | 295,165 | 323,303 | 287,773 | 1,981 | 5,952 | |
170/4 |
- | - | - | 2,534 | 5,883 | 9,197 | 12,476 | - | - | - | - | 200,000 | 200,000 | 208,599 | 230,318 | 265,165 | 303,303 | 287,773 | 1,981 | 5,952 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | 20,000 | - | - | - | |
42/48 |
204,822 | 194,052 | 224,719 | 773,836 | 939,623 | 909,952 | 844,923 | 708,721 | 680,760 | 653,442 | 133,577 | 63,399 | 98,105 | 129,429 | 206,347 | 220,719 | 196,484 | 173,202 | 340,168 | 326,075 | |
42 |
- | 0 | 2,534 | 3,348 | 3,314 | 3,280 | 3,246 | - | - | - | - | - | 8,599 | 21,720 | 34,846 | 38,139 | 36,975 | 23,545 | 7,250 | 17,119 | |
44 |
12,892 | 4,903 | 22,407 | 7,623 | 2,837 | 5,600 | 7,038 | 22,658 | 5,016 | 4,485 | 3,208 | 1,184 | 5,271 | 2,754 | 7,259 | 1,498 | 2,197 | 2,161 | 467 | 728 | |
440/4 |
12,892 | 4,903 | 22,407 | 7,623 | 2,837 | 5,600 | 7,038 | 22,658 | 5,016 | 4,485 | 3,208 | 1,184 | 5,271 | 2,754 | 7,259 | 1,498 | 2,197 | 2,161 | 467 | 728 | |
45 |
12,447 | 7,230 | 3,013 | 5,969 | 12,134 | 19,850 | 17,327 | 46,015 | 1,657 | 26,467 | 47,473 | 1,701 | 1,496 | 4,922 | - | 2,625 | 293 | - | 2,246 | 2,748 | |
450/3 |
12,447 | 7,230 | 3,013 | 5,969 | 12,134 | 19,850 | 4,367 | 46,015 | 1,657 | 26,467 | 47,473 | 1,701 | 1,496 | 4,922 | - | 2,625 | 293 | - | 2,246 | 2,748 | |
454/9 |
- | - | - | - | - | - | 12,960 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
179,483 | 181,919 | 196,766 | 756,895 | 921,338 | 881,221 | 817,312 | 640,048 | 674,087 | 622,490 | 82,896 | 60,514 | 82,740 | 100,034 | 164,242 | 178,458 | 157,019 | 147,496 | 330,205 | 305,480 | |
492/3 |
- | - | - | - | - | - | - | 1,200 | 600 | 50 | 70,000 | 70,000 | 60,000 | 50,000 | 40,404 | 719 | 10,241 | 10,136 | 237 | 1,009 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 179,513 | 173,801 | - | - | - | - | - | |
76A |
- | - | - | - | 1,000 | - | 1,000 | 4,660 | - | - | - | - | 13,800 | - | 17,028 | - | 32 | - | - | - | |
9900 |
-16,975 | 22,728 | 70,159 | 39,111 | 91,369 | 98,112 | 3,245 | 22,920 | -5,204 | 44,826 | 253,942 | 24,189 | 39,793 | 94,368 | 63,362 | 83,755 | 107,086 | 30,745 | 20,114 | 24,424 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 96,696 | 114,723 | - | - | - | - | - | |
630 |
67,702 | 60,279 | 232,931 | 44,730 | 12,876 | 11,390 | 17,145 | 12,096 | 24,392 | 20,307 | 15,229 | 11,381 | 32,392 | 46,371 | 30,960 | 22,182 | 7,721 | 2,208 | 2,167 | 3,038 | |
640/8 |
5,690 | 4,193 | 4,018 | 2,512 | 2,224 | 4,168 | 2,611 | 2,379 | 2,445 | 2,074 | 1,984 | 2,450 | 3,008 | 2,675 | 3,632 | 4,931 | 2,026 | 2,109 | 2,582 | 1,807 | |
66A |
210 | - | - | - | - | - | - | - | 558 | - | - | - | 497,491 | 1,397 | - | 2,167 | - | - | - | - | |
9901 |
-90,576 | -41,744 | -166,791 | -8,132 | 76,269 | 82,554 | -16,512 | 8,445 | -32,599 | 22,446 | 236,729 | 10,358 | 4,393 | 45,322 | 28,770 | 56,643 | 97,338 | 26,428 | 15,365 | 19,579 | |
75/76B |
652,005 | 406,141 | 1.2m | 2.3m | 7 | 0 | 8 | 663 | 312 | 703 | 7,731 | 8,294 | 8,880 | 8,881 | 8,898 | 8,691 | 8,325 | 4,245 | - | 4 | |
75 |
652,005 | 406,141 | 1.2m | 2.3m | 7 | 0 | 8 | 663 | 312 | 703 | 7,731 | 8,294 | 8,880 | 8,881 | 8,898 | 8,691 | 8,325 | 4,245 | - | 4 | |
65/66B |
2,725 | 1,946 | 2,357 | 2,651 | 1,789 | 683 | 720 | 684 | 697 | 16,395 | 164 | 10,345 | 10,827 | 12,236 | 14,501 | 15,889 | 15,786 | 15,003 | 12,649 | 13,291 | |
65 |
2,725 | 1,946 | 2,357 | 2,651 | 1,789 | 683 | 720 | 684 | 697 | 16,395 | 164 | 10,345 | 10,827 | 12,236 | 14,501 | 15,889 | 15,786 | 15,003 | 12,649 | 13,291 | |
9903 |
558,704 | 362,450 | 993,569 | 2.2m | 74,487 | 81,871 | -17,224 | 8,424 | -32,984 | 6,754 | 244,296 | 8,307 | -481,244 | 40,570 | 40,195 | 47,278 | 89,909 | 15,670 | 2,716 | 6,292 | |
67/77 |
294 | 250 | 229 | 286 | 30,568 | 10,334 | 1,604 | 266 | 209 | 3,464 | 84,909 | 3,753 | 4,609 | 18,318 | 18,576 | 20,711 | 32,672 | 7,522 | 2,561 | 3,474 | |
9904 |
558,411 | 362,200 | 993,340 | 2.2m | 43,919 | 71,537 | -18,828 | 8,158 | -33,193 | 3,290 | 159,387 | 4,554 | -485,854 | 22,252 | 21,618 | 26,567 | 57,237 | 8,148 | 155 | 2,818 | |
9905 |
558,411 | 362,200 | 993,340 | 2.2m | 43,919 | 71,537 | -18,828 | 8,158 | -33,193 | 3,290 | 159,387 | 4,554 | -485,854 | 22,252 | 21,618 | 26,567 | 57,237 | 8,148 | 155 | 2,818 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
559,237 | 362,827 | 993,627 | 2.2m | 15,072 | -28,847 | -100,384 | -81,556 | -89,715 | -56,522 | -59,812 | -219,199 | -223,753 | 262,101 | 256,877 | 235,259 | 208,691 | 151,454 | 143,306 | 143,151 | |
14P |
827 | 627 | 287 | 100 | -28,847 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
559,000 | 362,000 | 993,000 | 2.2m | 14,972 | - | - | - | - | - | - | - | - | - | 17,028 | - | - | - | - | - | |
6921 |
559,000 | 362,000 | 993,000 | 2.2m | 14,972 | - | - | - | - | - | - | - | - | - | 17,028 | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 14 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 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00434336.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00434336 | |
| 31-12-2024 | micro format | 24-09-2025 | 2025-00500937 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00391149 | |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00344712 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20282660 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56900261 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37500179 | |
| 31-12-2018 | micro format | 15-08-2019 | 2019-46800183 | |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-35100581 | |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-32300380 | |
| 31-12-2015 | abbreviated format | 15-06-2016 | 2016-18100121 | |
| 31-12-2014 | abbreviated format | 06-08-2015 | 2015-40500431 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-24300430 | |
| 31-12-2012 | abbreviated format | 22-08-2013 | 2013-45200185 | |
| 31-12-2011 | abbreviated format | 22-08-2012 | 2012-44100593 | |
| 31-12-2010 | abbreviated format | 19-07-2011 | 2011-30800552 | |
| 31-12-2009 | abbreviated format | 24-06-2010 | 2010-21700192 | |
| 31-12-2008 | abbreviated format | 02-07-2009 | 2009-37200178 | |
| 31-12-2007 | abbreviated format | 01-07-2008 | 2008-33500220 | |
| 31-12-2006 | abbreviated format | 06-07-2007 | 2007-35500239 | |
| 31-12-2005 | abbreviated format | 10-07-2006 | 2006-44105135 | |
| 31-12-2004 | abbreviated format | 12-07-2005 | 2005-47202336 | |
| 31-12-2003 | abbreviated format | 03-08-2004 | 2004-56100116 | |
| 31-12-2002 | abbreviated format | 13-06-2003 | 2003-22400220 |
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 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -22,874 | 18,535 | 66,140 | 36,598 | 89,145 | 93,944 | 634 | 20,541 | -8,207 | 42,753 | 251,958 | 21,739 | 36,785 | 91,693 | 59,730 | 78,825 | 105,060 | 28,636 | 17,532 | 22,618 | ||
| 626,112 | 422,479 | 1.2m | 2.3m | 56,795 | 82,927 | -1,682 | 20,254 | -8,801 | 23,597 | 174,616 | 15,935 | -453,462 | 68,623 | 52,579 | 48,749 | 64,958 | 10,356 | 2,322 | 5,857 | ||
| 210,264 | 74,338 | 99,806 | 1.9m | 21,749 | 14,158 | 25,383 | 17,114 | 51,027 | 1.1m | 19,592 | 2,746 | 36,967 | 46,818 | 19,057 | 16,552 | 91,515 | 12,366 | 6,882 | - | ||
| -144,801 | -247,295 | 392,232 | 16,142 | -2,468 | 12,334 | -2,068 | -22,642 | -63,698 | 35,974 | 43,373 | -261 | 9,416 | -6,113 | -9,505 | 1,948 | 12,981 | 3,404 | -2,998 | - | ||
| 1.8m | 1.4m | 1.0m | -100,824 | -450,651 | -482,384 | -548,003 | -532,214 | -577,895 | -519,175 | 63,130 | 108,105 | 84,916 | 40,755 | 19,677 | 11,318 | 14,364 | -5,013 | -298,815 | -289,512 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 25.2% | 16.6% | - | - | - | - | - | ||
| 95.9% | 95.7% | 94.6% | 79.0% | 41.8% | 40.9% | 39.7% | 45.1% | 45.7% | 48.2% | 14.4% | -60.1% | -56.8% | 47.9% | 41.2% | 37.7% | 35.0% | 32.7% | 39.2% | 39.8% | ||
| 9.84 | 8.07 | 5.55 | 0.87 | 0.52 | 0.47 | 0.35 | 0.25 | 0.15 | 0.21 | 1.47 | 2.71 | 1.87 | 1.31 | 1.10 | 1.05 | 1.07 | 0.97 | 0.12 | 0.11 | ||
| 0.04 | 0.05 | 0.06 | 0.27 | 1.39 | 1.45 | 1.52 | 1.22 | 1.19 | 1.08 | 5.95 | - | - | 1.09 | 1.43 | 1.65 | 1.86 | 2.06 | 1.55 | 1.51 | ||
| 11.5% | 8.5% | 25.4% | 76.8% | 6.5% | 11.3% | -3.3% | 1.4% | -5.8% | 0.5% | 465.8% | - | - | 6.2% | 6.5% | 8.5% | 20.0% | 3.6% | 0.1% | 1.3% | ||
| 11.1% | 8.1% | 24.0% | 60.6% | 2.7% | 4.6% | -1.3% | 0.6% | -2.6% | 0.3% | 67.0% | 2.2% | -212.7% | 3.0% | 2.7% | 3.2% | 7.0% | 1.2% | 0.0% | 0.5% | ||
| -8.40 | 9.52 | 28.06 | 13.80 | 49.82 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 29 days | 127 days | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 10 days | 23 days | - | - | - | - | - |
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 | €210,264 | €74,338 | €99,806 | €1.9m | €21,749 |
| €67,702 | €60,279 | €232,931 | €44,730 | €12,876 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on F-ACTION
The operating result for 2025 is a loss of €90,576, larger than the loss of €41,744 in 2024.
Debt's share of the balance-sheet total falls from 4.3% to 4.1%. Equity and debt are higher.
- 2024 Net result -64% on 2023. The accounts now follow the micro format, last year the abbreviated format.
- 2022 Net result +5,007% on 2021. The accounts now follow the abbreviated format, last year the micro format.