FACTOR
Annual accounts 2025
micro format, filed on 13-03-2026, 140 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 €130,000 and €190,000.
Balance sheet
balance sheet total €246,024 on 31-12-2025in euro
in euro
Position in the sector
97.0%
Higher than 95% of 21,208 companies in 2025.
18.03
Higher than 95% of 20,571 companies in 2025.
10.9%
Higher than 37% of 20,746 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · 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 |
246,024 | 237,566 | 224,134 | 157,787 | 146,603 | 95,782 | 101,389 | 109,091 | 120,148 | 133,799 | 146,114 | 159,722 | 171,189 | 190,784 | 215,701 | 169,572 | 99,822 | 58,645 | 61,866 | 66,376 | |
21/28 |
113,085 | 133,211 | 141,243 | 82,033 | 86,888 | 91,742 | 96,597 | 101,451 | 107,335 | 112,190 | 120,281 | 128,372 | 136,462 | 154,225 | 152,387 | 75,345 | 39,124 | 421 | 5,225 | 10,028 | |
22/27 |
112,734 | 132,861 | 140,893 | 81,683 | 86,538 | 91,392 | 96,247 | 101,101 | 106,985 | 111,840 | 119,931 | 128,022 | 136,112 | 153,875 | 151,976 | 74,924 | 38,703 | - | 4,804 | 9,607 | |
23 |
5,217 | 8,456 | 2,477 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
36,031 | 49,711 | 61,588 | - | - | - | - | - | - | - | - | - | - | 8,834 | 17,673 | 26,512 | 35,351 | - | 4,804 | 9,607 | |
26 |
71,486 | 74,693 | 76,828 | 81,683 | 86,538 | 91,392 | 96,247 | 101,101 | 106,985 | 111,840 | 119,931 | 128,022 | 136,112 | 145,041 | 134,303 | 48,412 | 3,352 | - | - | - | |
28 |
350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 411 | 421 | 421 | 421 | 421 | 421 | |
29/58 |
132,939 | 104,355 | 82,891 | 75,754 | 59,715 | 4,039 | 4,792 | 7,640 | 12,813 | 21,609 | 25,833 | 31,350 | 34,727 | 36,559 | 63,314 | 94,227 | 60,698 | 58,224 | 56,641 | 56,348 | |
40/41 |
28,417 | 30,947 | 21,229 | 19,423 | 23,553 | 1,894 | 2,335 | 4,211 | 4,283 | 505 | 389 | 4,255 | 1,432 | 1,378 | 26,077 | 27,454 | 46,610 | 46,780 | 43,989 | 45,497 | |
40 |
25,200 | 28,560 | 20,160 | 17,680 | 19,543 | 1,894 | 2,335 | 4,211 | 4,283 | - | - | 3,993 | - | - | 23,077 | 22,654 | 43,210 | 42,579 | 38,789 | 39,920 | |
41 |
3,217 | 2,387 | 1,069 | 1,743 | 4,011 | - | - | - | - | 505 | 389 | 262 | 1,432 | 1,378 | 3,000 | 4,800 | 3,400 | 4,201 | 5,200 | 5,577 | |
54/58 |
103,106 | 73,297 | 61,661 | 56,331 | 36,162 | 2,146 | 2,456 | 3,429 | 8,530 | 21,104 | 25,444 | 27,095 | 33,295 | 35,181 | 37,237 | 66,773 | 14,088 | 10,478 | 11,686 | 9,840 | |
490/1 |
1,415 | 111 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 966 | 966 | 1,011 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
246,024 | 237,566 | 224,134 | 157,787 | 146,603 | 95,782 | 101,389 | 109,091 | 120,148 | 133,799 | 146,114 | 159,722 | 171,189 | 190,784 | 215,701 | 169,572 | 99,822 | 58,645 | 61,866 | 66,376 | |
10/15 |
238,649 | 211,712 | 181,979 | 140,520 | 103,751 | 64,200 | 69,710 | 74,322 | 80,241 | 85,829 | 91,791 | 97,603 | 102,648 | 112,651 | 115,273 | 120,670 | 51,277 | 44,468 | 40,242 | 35,995 | |
10/11 |
101,572 | 101,572 | 101,572 | 101,572 | 102,572 | 102,572 | 102,572 | 102,572 | 102,572 | 101,572 | 101,572 | 101,572 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 102,572 | 102,572 | 102,572 | 101,572 | 101,572 | 101,572 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
137,077 | 110,140 | 80,407 | 38,947 | 9,878 | 9,878 | 9,878 | 9,878 | 9,878 | 9,878 | 9,878 | 9,878 | 102,078 | 102,078 | 102,078 | 102,078 | 32,685 | 25,876 | 21,650 | 17,403 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
137,077 | 110,140 | 80,407 | 37,088 | 8,019 | 8,019 | 8,019 | 8,019 | 8,019 | 8,019 | 8,019 | 8,019 | 100,219 | 100,219 | 100,219 | 100,219 | 30,826 | 24,017 | 19,791 | 15,544 | |
14 |
- | - | - | - | -8,700 | -48,250 | -42,741 | -38,128 | -32,209 | -25,621 | -19,659 | -13,847 | -18,022 | -8,019 | -5,397 | - | - | - | - | - | |
17/49 |
7,374 | 25,854 | 42,154 | 17,268 | 42,852 | 31,581 | 31,679 | 34,769 | 39,907 | 47,970 | 54,323 | 62,119 | 68,541 | 78,133 | 100,428 | 48,902 | 48,545 | 14,177 | 21,624 | 30,381 | |
17 |
- | 0 | 13,989 | - | - | 4,951 | 14,533 | 23,734 | 32,501 | 40,817 | 48,740 | 56,288 | 63,478 | 70,302 | 91,063 | 23,860 | 33,130 | - | - | 6,425 | |
170/4 |
- | 0 | 13,989 | - | - | 4,951 | 14,533 | 23,734 | 32,501 | 40,817 | 48,740 | 56,288 | 63,478 | 70,302 | 91,063 | 23,860 | 33,130 | - | - | 6,425 | |
42/48 |
7,374 | 25,854 | 28,165 | 17,268 | 42,852 | 26,631 | 17,146 | 11,035 | 7,406 | 7,153 | 5,583 | 5,831 | 5,063 | 7,831 | 9,365 | 25,032 | 15,415 | 14,177 | 21,624 | 23,956 | |
42 |
0 | 13,989 | 18,333 | - | - | - | 37 | - | - | - | - | - | - | 4,162 | - | - | - | - | 6,425 | 6,682 | |
44 |
2,173 | 529 | 850 | 5,049 | 180 | 4,460 | 4,460 | 5,402 | 4,451 | 4,460 | 4,435 | 4,418 | 4,460 | 3,287 | 2,225 | 13,958 | 2,440 | 2,945 | 2,728 | 3,052 | |
440/4 |
2,173 | 529 | 850 | 5,049 | 180 | 4,460 | 4,460 | 5,402 | 4,451 | 4,460 | 4,435 | 4,418 | 4,460 | 3,287 | 2,225 | 13,958 | 2,440 | 2,945 | 2,728 | 3,052 | |
45 |
38 | 3,100 | - | 140 | 7,000 | 164 | 232 | 376 | 163 | 219 | 213 | 766 | 468 | 326 | 7,071 | 11,074 | 10,960 | 9,191 | 8,834 | 11,021 | |
450/3 |
38 | 2,100 | - | 140 | 7,000 | 164 | 232 | 376 | 163 | 219 | 213 | 766 | 468 | 326 | 5,071 | 8,574 | 7,460 | 7,191 | 7,334 | 7,521 | |
454/9 |
0 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | 2,500 | 3,500 | 2,000 | 1,500 | 3,500 | |
47/48 |
5,164 | 8,236 | 8,982 | 12,079 | 35,672 | 22,007 | 12,416 | 5,257 | 2,792 | 2,474 | 935 | 647 | 135 | 56 | 69 | - | 2,015 | 2,041 | 3,637 | 3,201 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10 | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 8,333 | - | - | - | 5,275 | - | - | - | |
9900 |
64,797 | 65,647 | 71,630 | 60,896 | 46,088 | 400 | 1,744 | 866 | 612 | 4,776 | 5,645 | 15,938 | -2,424 | 20,453 | 15,070 | 120,054 | 18,632 | 13,278 | 12,059 | 13,259 | |
630 |
22,126 | 19,898 | 8,888 | 4,855 | 4,855 | 4,855 | 4,855 | 4,855 | 4,855 | 8,091 | 8,091 | 8,091 | 11,633 | 17,768 | 16,784 | 12,093 | 9,677 | 4,804 | 4,804 | 8,467 | |
640/8 |
702 | 873 | 458 | 226 | 399 | 393 | 390 | 438 | 467 | 367 | 710 | 707 | 826 | 1,909 | 1,685 | 1,662 | 2,839 | 2,178 | 1,415 | 1,973 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 96 | 117 | 183 | 78 | 793 | 100 | 22 | |
9901 |
41,968 | 44,876 | 62,284 | 55,815 | 40,835 | -4,848 | -3,501 | -4,427 | -4,710 | -3,682 | -3,156 | 7,140 | -14,883 | 776 | -3,399 | 106,299 | 6,116 | 6,296 | 5,840 | 2,819 | |
75/76B |
0 | 410 | 9 | 10 | - | - | 2 | 9 | 15 | 34 | 55 | 103 | 179 | 902 | 1,380 | 75 | 97 | 92 | 32 | 112 | |
75 |
0 | 410 | 9 | 10 | - | - | 2 | 9 | 15 | 34 | 55 | 103 | 179 | 902 | 1,380 | 75 | 97 | 92 | 32 | 112 | |
65/66B |
25 | 597 | 300 | 118 | 266 | 661 | 1,114 | 1,499 | 1,897 | 2,318 | 2,722 | 3,086 | 3,549 | 4,264 | 3,126 | 1,204 | 988 | 271 | 620 | 1,126 | |
65 |
25 | 597 | 300 | 118 | 266 | 661 | 1,114 | 1,499 | 1,897 | 2,318 | 2,722 | 3,086 | 3,549 | 4,264 | 3,126 | 1,204 | 988 | 271 | 620 | 1,126 | |
9903 |
41,944 | 44,690 | 61,992 | 55,707 | 40,569 | -5,509 | -4,613 | -5,917 | -6,592 | -5,966 | -5,823 | 4,157 | -9,920 | -2,682 | -5,262 | 104,987 | 10,422 | 5,324 | 5,152 | 1,783 | |
67/77 |
15,007 | 14,957 | 20,533 | 17,938 | 1,018 | - | 1 | 2 | -4 | -4 | -11 | -18 | 83 | -60 | 135 | 35,594 | 3,613 | 2,597 | 2,305 | 1,509 | |
9904 |
26,937 | 29,733 | 41,460 | 37,769 | 39,550 | -5,509 | -4,613 | -5,919 | -6,588 | -5,962 | -5,812 | 4,175 | -10,003 | -2,622 | -5,397 | 69,393 | 6,809 | 2,727 | 2,847 | 274 | |
9905 |
26,937 | 29,733 | 41,460 | 37,769 | 39,550 | -5,509 | -4,613 | -5,919 | -6,588 | -5,962 | -5,812 | 4,175 | -10,003 | -2,622 | -5,397 | 69,393 | 6,809 | 2,727 | 2,847 | 274 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
26,937 | 29,733 | 41,460 | 29,069 | -8,700 | -48,250 | -42,741 | -38,128 | -32,209 | -25,621 | -19,659 | -13,847 | -18,022 | -8,019 | -5,397 | 69,393 | 6,809 | 2,727 | 2,847 | 274 | |
14P |
- | - | - | -8,700 | -48,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | 92,200 | - | - | - | - | - | - | - | - | |
691/2 |
26,937 | 29,733 | 41,460 | 29,069 | - | - | - | - | - | - | - | - | - | - | - | 69,393 | 6,809 | 2,727 | 2,847 | 274 | |
6921 |
26,937 | 29,733 | 41,460 | 29,069 | - | - | - | - | - | - | - | - | - | - | - | 69,393 | 6,809 | 2,727 | 2,847 | 274 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 92,200 | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | 92,200 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 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 13-03-2026.
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 | 13-03-2026 | 2026-00054772 | |
| 31-12-2024 | micro format | 08-05-2025 | 2025-00091549 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00139594 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00139591 | |
| 31-12-2021 | micro format | 20-05-2022 | 2022-20031002 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26500403 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28500443 | |
| 31-12-2018 | micro format | 30-06-2019 | 2019-26500370 | |
| 31-12-2017 | micro format | 30-06-2018 | 2018-28400521 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25900386 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-27200388 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-53400254 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-63400548 | |
| 31-12-2012 | abbreviated format | 30-06-2013 | 2013-27200327 | |
| 31-12-2011 | abbreviated format | 30-06-2012 | 2012-25700153 | |
| 31-12-2010 | abbreviated format | 29-07-2011 | 2011-36700166 | |
| 31-12-2009 | abbreviated format | 28-08-2010 | 2010-52900164 | |
| 31-12-2008 | abbreviated format | 30-08-2009 | 2009-75000127 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-70100178 | |
| 31-12-2006 | abbreviated format | 30-07-2007 | 2007-52600349 | |
| 31-12-2005 | abbreviated format | 28-07-2006 | 2006-56801219 | |
| 31-12-2004 | abbreviated format | 27-09-2005 | 2005-72101782 | |
| 31-12-2003 | abbreviated format | 30-06-2004 | 2004-36300479 | |
| 31-12-2002 | abbreviated format | 16-07-2003 | 2003-45604644 | |
| 31-12-2001 | abbreviated format | 27-09-2002 | 2002-59503919 | |
| 31-12-2000 | abbreviated format | 13-07-2001 | 2001-37804684 | |
| 31-12-1999 | abbreviated format | 15-09-2000 | 2000-56800422 | |
| 31-12-1998 | abbreviated format | 04-11-1999 | 1999-57202606 | |
| 31-12-1997 | abbreviated format | 29-10-1998 | 1998-55302563 | |
| 31-12-1996 | abbreviated format | 15-10-1997 | 1997-49205194 | |
| 31-12-1995 | abbreviated format | 19-07-1996 | 1996-34901255 | |
| 31-12-1994 | abbreviated format | 14-07-1995 | 1995-39601495 | |
| 31-12-1993 | abbreviated format | 12-09-1994 | 1994-39103620 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64,095 | 64,774 | 71,172 | 60,669 | 45,689 | 6 | 1,354 | 428 | 145 | 4,409 | 4,935 | 15,231 | -3,250 | 18,544 | 13,385 | 118,392 | 15,793 | 11,100 | 10,644 | 11,286 | ||
| 49,063 | 49,630 | 50,348 | 42,623 | 44,405 | -655 | 241 | -1,064 | -1,733 | 2,129 | 2,279 | 12,266 | 1,630 | 15,146 | 11,387 | 81,486 | 16,486 | 7,531 | 7,651 | 8,741 | ||
| 2,000 | 11,865 | 68,098 | 0 | 0 | 0 | 0 | -1,029 | 0 | 0 | 0 | 1 | -6,130 | 19,667 | 93,836 | 48,314 | 48,380 | 0 | 1 | - | ||
| 29,809 | 11,636 | 5,330 | 20,170 | 34,016 | -311 | -973 | -5,101 | -12,574 | -4,340 | -1,651 | -6,200 | -1,886 | -2,056 | -29,536 | 52,685 | 3,610 | -1,208 | 1,846 | - | ||
| 125,564 | 78,501 | 54,725 | 58,486 | 16,863 | -22,591 | -12,354 | -3,395 | 5,407 | 14,456 | 20,250 | 25,519 | 29,664 | 28,728 | 53,949 | 69,195 | 45,283 | 44,047 | 35,017 | 32,392 | ||
| 97.0% | 89.1% | 81.2% | 89.1% | 70.8% | 67.0% | 68.8% | 68.1% | 66.8% | 64.1% | 62.8% | 61.1% | 60.0% | 59.0% | 53.4% | 71.2% | 51.4% | 75.8% | 65.0% | 54.2% | ||
| 18.03 | 4.04 | 2.94 | 4.39 | 1.39 | 0.15 | 0.28 | 0.69 | 1.73 | 3.02 | 4.63 | 5.38 | 6.86 | 4.67 | 6.76 | 3.76 | 3.94 | 4.11 | 2.62 | 2.35 | ||
| 0.03 | 0.12 | 0.23 | 0.12 | 0.41 | 0.49 | 0.45 | 0.47 | 0.50 | 0.56 | 0.59 | 0.64 | 0.67 | 0.69 | 0.87 | 0.41 | 0.95 | 0.32 | 0.54 | 0.84 | ||
| 11.3% | 14.0% | 22.8% | 26.9% | 38.1% | -8.6% | -6.6% | -8.0% | -8.2% | -6.9% | -6.3% | 4.3% | -9.7% | -2.3% | -4.7% | 57.5% | 13.3% | 6.1% | 7.1% | 0.8% | ||
| 10.9% | 12.5% | 18.5% | 23.9% | 27.0% | -5.8% | -4.6% | -5.4% | -5.5% | -4.5% | -4.0% | 2.6% | -5.8% | -1.4% | -2.5% | 40.9% | 6.8% | 4.7% | 4.6% | 0.4% | ||
| over 100 | over 100 | over 100 | 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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,000 | €11,865 | €68,098 | - | - |
| Financial fixed assets | €0 | - | - | - | - |
| €22,126 | €19,898 | €8,888 | €4,855 | €4,855 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FACTOR
The operating result for 2025 is 6% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 10.9% to 3.0%. Equity is higher and debt is lower.