F & E
Annual accounts 2025
abbreviated format, filed on 15-04-2026, 107 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €650,000. Estimated: probably between €440,000 and €1.1m.
Balance sheet
balance sheet total €504,987 on 31-12-2025in euro
in euro
Position in the sector
20.7%
Higher than 31% of 2,831 companies in 2025.
1.57
Higher than 55% of 2,720 companies in 2025.
11.7%
Higher than 72% of 2,778 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€113,154
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
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 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
504,987 | 388,519 | 580,624 | 631,333 | 330,182 | 144,339 | 302,242 | 159,992 | 172,673 | 110,737 | 60,547 | 182,373 | 171,888 | 181,146 | 112,092 | 301,177 | 175,118 | 212,976 | 200,260 | |
21/28 |
2,369 | 2,790 | 1,575 | 1,575 | 9,075 | 11,689 | 14,303 | 17,917 | 12,075 | 14,075 | 16,075 | 12,546 | 19,146 | 13,185 | 24,918 | 37,432 | 48,541 | 29,819 | 471 | |
21 |
- | - | - | - | - | - | - | 1,000 | 3,000 | 5,000 | 7,000 | - | - | - | - | - | - | - | - | |
22/27 |
794 | 1,215 | - | - | - | 2,614 | 5,228 | 7,842 | - | - | - | 3,471 | 10,621 | 5,685 | 17,418 | 29,932 | 41,041 | 29,819 | 471 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,809 | 2,196 | 1,700 | - | - | |
23 |
794 | 1,215 | - | - | - | - | - | - | - | - | - | 1,019 | 10,621 | 5,685 | 15,609 | 27,736 | - | - | - | |
24 |
- | - | - | - | - | 2,614 | 5,228 | 7,842 | - | - | - | 2,452 | - | - | - | - | 39,341 | 29,819 | 471 | |
28 |
1,575 | 1,575 | 1,575 | 1,575 | 9,075 | 9,075 | 9,075 | 9,075 | 9,075 | 9,075 | 9,075 | 9,075 | 8,525 | 7,500 | 7,500 | 7,500 | 7,500 | - | - | |
29/58 |
502,618 | 385,728 | 579,049 | 629,758 | 321,107 | 132,650 | 287,938 | 142,074 | 160,598 | 96,662 | 44,472 | 169,827 | 152,742 | 167,961 | 87,174 | 263,745 | 126,577 | 183,156 | 199,788 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 3,100 | 11,678 | 7,686 | 7,559 | 2,979 | 6,472 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 3,100 | 11,678 | 7,686 | 7,559 | 2,979 | 6,472 | |
40/41 |
135,661 | 335,485 | 219,010 | 226,929 | 92,196 | 111,391 | 279,966 | 141,999 | 160,523 | 96,586 | 44,397 | 169,753 | 150,418 | 163,135 | 72,685 | 253,039 | 107,122 | 172,351 | 97,001 | |
40 |
112,530 | 146,621 | 201,291 | 197,803 | 92,181 | 111,391 | 279,966 | 141,999 | 160,523 | 96,586 | 44,397 | 169,753 | 150,418 | 163,135 | 66,551 | 192,597 | 88,304 | 172,228 | 95,953 | |
41 |
23,131 | 188,864 | 17,720 | 29,126 | 15 | - | - | - | - | - | - | - | - | - | 6,135 | 60,442 | 18,818 | 124 | 1,048 | |
54/58 |
364,357 | 47,684 | 358,906 | 400,883 | 227,433 | 21,259 | 7,973 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 134 | 139 | 10,166 | 7,826 | 96,187 | |
490/1 |
2,600 | 2,559 | 1,133 | 1,945 | 1,478 | - | - | - | - | - | - | - | 2,249 | 1,651 | 2,676 | 2,881 | 1,730 | - | 128 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
504,987 | 388,519 | 580,624 | 631,333 | 330,182 | 144,339 | 302,242 | 159,992 | 172,673 | 110,737 | 60,547 | 182,373 | 171,888 | 181,146 | 112,092 | 301,177 | 175,118 | 212,976 | 200,260 | |
10/15 |
104,672 | 195,827 | 196,545 | 120,948 | 119,404 | 18,682 | 6,293 | -77,450 | -160,660 | -211,156 | -210,771 | -227,007 | -223,515 | -171,384 | -170,576 | -14,568 | 32,194 | 43,965 | 42,680 | |
10/11 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | |
100 |
- | - | - | - | - | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | |
14 |
59,672 | 150,827 | 151,545 | 75,948 | 74,404 | -26,319 | -38,707 | -122,450 | -205,660 | -256,156 | -255,771 | -272,007 | -268,515 | -216,384 | -215,576 | -59,568 | -12,806 | -1,035 | -2,320 | |
17/49 |
400,315 | 192,691 | 384,079 | 510,385 | 210,779 | 125,657 | 295,949 | 237,442 | 333,334 | 321,893 | 271,318 | 409,380 | 395,402 | 352,530 | 282,668 | 315,744 | 142,924 | 169,011 | 157,579 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 175,469 | 146,902 | 40,196 | 51,213 | 25,000 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 175,469 | 146,902 | 40,196 | 26,213 | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25,000 | 25,000 | |
42/48 |
319,904 | 125,356 | 294,126 | 339,311 | 139,230 | 125,657 | 295,949 | 237,442 | 333,334 | 321,893 | 271,318 | 409,380 | 395,402 | 352,530 | 107,199 | 168,238 | 96,668 | 104,848 | 132,579 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,109 | 6,725 | 6,017 | 5,687 | - | |
43 |
- | - | - | - | - | - | 56,925 | 133,401 | 216,644 | 248,914 | 207,203 | 252,424 | 268,518 | 255,822 | 5,257 | 16,397 | - | - | 20,446 | |
430/8 |
- | - | - | - | - | - | - | 6,286 | 20,538 | 23,260 | 11,200 | 24,501 | 10,895 | 8,452 | 5,257 | 16,397 | - | - | 20,446 | |
439 |
- | - | - | - | - | - | 56,925 | 127,115 | 196,105 | 225,654 | 196,004 | 227,924 | 257,623 | 247,370 | - | - | - | - | - | |
44 |
105,534 | 35,079 | 127,687 | 138,006 | 52,917 | 111,363 | 203,793 | 88,277 | 80,646 | 54,325 | 54,268 | 137,604 | 116,067 | 70,636 | 91,574 | 106,443 | 72,663 | 91,168 | 70,023 | |
440/4 |
105,534 | 35,079 | 127,687 | 138,006 | 52,917 | 111,363 | 203,793 | 88,277 | 80,646 | 54,325 | 54,268 | 137,604 | 116,067 | 70,636 | 91,574 | 106,443 | 72,663 | 91,168 | 70,023 | |
45 |
64,370 | 30,277 | 16,438 | 78,503 | 64,388 | 14,294 | 35,231 | 15,763 | 36,044 | 18,654 | 9,302 | 19,352 | 10,817 | 26,072 | 2,814 | 14,427 | 15,841 | 7,868 | 41,985 | |
450/3 |
42,476 | 11,351 | 3,033 | 63,030 | 54,438 | 4,970 | 26,050 | 6,673 | 27,314 | 9,738 | 444 | 5,815 | 2,797 | 20,307 | - | 12,812 | 10,241 | 7,868 | 39,965 | |
454/9 |
21,893 | 18,926 | 13,406 | 15,473 | 9,949 | 9,324 | 9,182 | 9,091 | 8,730 | 8,916 | 8,859 | 13,537 | 8,021 | 5,765 | 2,814 | 1,616 | 5,600 | - | 2,020 | |
47/48 |
150,000 | 60,000 | 150,000 | 122,802 | 21,925 | - | - | - | - | - | 545 | - | - | - | 445 | 24,245 | 2,146 | 125 | 125 | |
492/3 |
80,412 | 67,335 | 89,953 | 171,075 | 71,549 | - | - | - | - | - | - | - | - | - | - | 604 | 6,060 | 12,950 | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | 16,657 | - | 81 | 0 | - | - | 0 | 0 | 2,335 | - | - | - | - | - | |
9900 |
352,872 | 188,038 | 416,609 | 241,505 | 226,356 | 108,778 | 178,897 | 178,214 | 136,723 | 101,572 | 142,744 | 137,849 | 81,243 | 100,093 | -67,557 | 17,483 | 68,953 | 69,059 | 72,244 | |
62 |
271,569 | 107,721 | 111,407 | 98,296 | 83,320 | 86,608 | 77,991 | 81,454 | 73,443 | 89,369 | 114,268 | 119,938 | 112,494 | 66,013 | 54,622 | 33,598 | 66,114 | 52,059 | 30,540 | |
630 |
421 | 48 | - | - | 2,614 | 2,614 | 3,614 | 4,614 | 2,000 | 2,000 | 5,471 | 7,150 | 4,872 | 11,733 | 12,513 | 11,204 | 10,961 | 8,184 | 808 | |
640/8 |
550 | 660 | 618 | 450 | 796 | 1,541 | 454 | 454 | 543 | 543 | 398 | 786 | 8,058 | 8,497 | 6,638 | 510 | 1,660 | 616 | 638 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,000 | - | - | - | - | |
9901 |
80,332 | 79,608 | 304,584 | 142,760 | 139,626 | 18,015 | 96,838 | 91,692 | 60,737 | 9,660 | 22,607 | 9,975 | -44,180 | 13,850 | -141,330 | -27,829 | -9,782 | 8,199 | 40,258 | |
75/76B |
2,411 | 5,823 | 705 | 210 | 518 | 73 | - | 81 | 0 | - | - | 14 | 6,035 | 5 | 12,602 | 4,332 | 848 | 186 | 9 | |
75 |
2,411 | 5,823 | 705 | 210 | 518 | 73 | - | - | - | - | - | 14 | 6,035 | 5 | 12,602 | 4,332 | 848 | 186 | 9 | |
76B |
- | - | - | - | - | - | - | 81 | 0 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
3,168 | 3,000 | 3,377 | 2,341 | 2,494 | 836 | 4,022 | 8,449 | 10,125 | 9,966 | 10,157 | 13,481 | 13,986 | 16,998 | 12,280 | 13,662 | 3,543 | 1,918 | 812 | |
65 |
3,168 | 3,000 | 3,377 | 2,341 | 2,494 | 836 | 4,022 | 8,449 | 10,125 | 9,966 | 10,157 | 13,481 | 13,986 | 16,998 | 12,280 | 13,662 | 3,543 | 1,918 | 812 | |
9903 |
79,574 | 82,432 | 301,912 | 140,629 | 137,649 | 17,253 | 92,816 | 83,323 | 50,612 | -305 | 12,450 | -3,492 | -52,130 | -808 | -156,008 | -37,159 | -12,478 | 6,467 | 39,455 | |
67/77 |
20,729 | 23,150 | 76,315 | 39,085 | 36,927 | 4,864 | 9,073 | 113 | 116 | 79 | 215 | - | - | - | - | - | -708 | 5,183 | 1,143 | |
9904 |
58,845 | 59,282 | 225,598 | 101,544 | 100,722 | 12,389 | 83,742 | 83,210 | 50,496 | -385 | 12,236 | -3,492 | -52,130 | -808 | -156,008 | -37,159 | -11,770 | 1,284 | 38,312 | |
9905 |
58,845 | 59,282 | 225,598 | 101,544 | 100,722 | 12,389 | 83,742 | 83,210 | 50,496 | -385 | 12,236 | -3,492 | -52,130 | -808 | -156,008 | -37,159 | -11,770 | 1,284 | 38,312 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
209,672 | 210,827 | 301,545 | 175,948 | 74,404 | -26,319 | -38,707 | -122,450 | -205,660 | -256,156 | -255,771 | -272,007 | -268,515 | -216,384 | -215,576 | -59,568 | -12,806 | -1,035 | -2,320 | |
14P |
150,827 | 151,545 | 75,948 | 74,404 | -26,319 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
150,000 | 60,000 | 150,000 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
150,000 | 60,000 | 150,000 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
2.4 | 1.8 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1.7 | 1.8 | 2.1 | 1.4 | 1.4 | 1 | 1.5 | 1 | 0.6 | |
Hours worked1013 |
3,942 | 1,631 | 1,542 | 1,750 | 1,816 | 1,767 | 1,752 | 1,736 | 1,747 | 1,702 | 2,805 | 3,108 | 3,610 | 2,598 | 2,447 | 1,886 | 2,597 | 1,826 | 1,229 | |
| Document | ||||||||||||||||||||
The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.
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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 15-04-2026.
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 | abbreviated format | 15-04-2026 | 2026-00080030 | |
| 31-12-2024 | abbreviated format | 13-05-2025 | 2025-00093782 | |
| 31-12-2023 | abbreviated format | 29-05-2024 | 2024-00100256 | |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00141074 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20079490 | |
| 31-12-2020 | abbreviated format | 05-06-2021 | 2021-18400596 | |
| 31-12-2019 | abbreviated format | 08-06-2020 | 2020-15200069 | |
| 31-12-2018 | abbreviated format | 10-06-2019 | 2019-17200254 | |
| 31-12-2017 | abbreviated format | 04-06-2018 | 2018-15400511 | |
| 31-12-2016 | abbreviated format | 06-06-2017 | 2017-14800336 | |
| 31-12-2015 | abbreviated format | 06-06-2016 | 2016-15300546 | |
| 31-12-2014 | abbreviated format | 08-06-2015 | 2015-15400208 | |
| 31-12-2013 | abbreviated format | 10-06-2014 | 2014-16200132 | |
| 31-12-2012 | abbreviated format | 12-06-2013 | 2013-16900379 | |
| 31-12-2011 | abbreviated format | 11-04-2012 | 2012-08400124 | |
| 31-12-2010 | abbreviated format | 06-06-2011 | 2011-14200125 | |
| 31-12-2009 | abbreviated format | 01-07-2010 | 2010-26300131 | |
| 31-12-2008 | abbreviated format | 24-08-2009 | 2009-61200352 | |
| 31-12-2007 | abbreviated format | 27-08-2008 | 2008-61800312 | |
| 31-12-2006 | abbreviated format | 03-07-2007 | 2007-32600364 | |
| 31-12-2005 | abbreviated format | 28-08-2006 | 2006-67100835 |
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 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 80,753 | 79,656 | - | - | 142,240 | 20,629 | 100,452 | 96,306 | 62,737 | 11,660 | 28,078 | 17,125 | -39,308 | 25,583 | -128,817 | -16,626 | 1,179 | 16,383 | 41,066 | ||
| 59,266 | 59,330 | - | - | 103,336 | 15,003 | 87,357 | 87,824 | 52,496 | 1,615 | 17,706 | 3,658 | -47,258 | 10,925 | -143,495 | -25,955 | -809 | 9,468 | 39,120 | ||
| 0 | 1,264 | - | - | 0 | 0 | 0 | 10,456 | 0 | 0 | 5,000 | 550 | 10,833 | 0 | 0 | 12,708 | 29,683 | 37,532 | - | ||
| 316,673 | -311,222 | -41,977 | 173,450 | 206,175 | 13,286 | 7,897 | 0 | 0 | 0 | 1 | 0 | 0 | -59 | -6 | - | 2,340 | -88,361 | - | ||
| 182,715 | 260,372 | 284,924 | 290,447 | 181,877 | 6,992 | -8,011 | -95,367 | -172,735 | -225,231 | -226,846 | -239,552 | -242,660 | -184,569 | -20,025 | 95,507 | 29,909 | 78,308 | 67,209 | ||
| 20.7% | 50.4% | 33.9% | 19.2% | 36.2% | 12.9% | 2.1% | -48.4% | -93.0% | -190.7% | -348.1% | -124.5% | -130.0% | -94.6% | -152.2% | -4.8% | 18.4% | 20.6% | 21.3% | ||
| 1.57 | 3.08 | 1.97 | 1.86 | 2.31 | 1.06 | 0.97 | 0.60 | 0.48 | 0.30 | 0.16 | 0.41 | 0.39 | 0.48 | 0.81 | 1.57 | 1.31 | 1.75 | 1.51 | ||
| 1.57 | 3.08 | 1.97 | 1.86 | 2.31 | 1.06 | 0.97 | 0.60 | 0.48 | 0.30 | 0.16 | 0.41 | 0.39 | 0.47 | 0.70 | 1.52 | 1.23 | 1.72 | 1.46 | ||
| 3.82 | 0.98 | 1.95 | 4.22 | 1.77 | 6.73 | 47.03 | - | - | - | - | - | - | - | - | - | 4.44 | 3.84 | 3.69 | ||
| 56.2% | 30.3% | 114.8% | 84.0% | 84.4% | 66.3% | - | - | - | - | - | - | - | - | - | - | -36.6% | 2.9% | 89.8% | ||
| 11.7% | 15.3% | 38.9% | 16.1% | 30.5% | 8.6% | 27.7% | 52.0% | 29.2% | -0.3% | 20.2% | -1.9% | -30.3% | -0.4% | -139.2% | -12.3% | -6.7% | 0.6% | 19.1% | ||
| 25.49 | 26.55 | - | - | 57.04 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 1 | 1 | 1 |
| full-time | 1 | 2 | 1 | 1 | 1 |
| part-time | 1 | - | - | - | - |
| in full-time equivalents | 1.8 | 2 | 1 | 1 | 1 |
| 2.4 | 1.8 | 1 | 1 | 1 | |
| On a permanent contract | 2 | 2 | 1 | 1 | 1 |
| Joined | 1 | 1 | - | - | - |
| Left | 1 | 0 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,264 | - | - | - |
| €421 | €48 | - | - | €2,614 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on F & E
The operating result for 2025 is 1% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 49.6% to 79.3%. Equity is lower and debt is higher.