FDF
Annual accounts 2025
abbreviated format, filed on 30-06-2026, 31 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 ≈ €1.1m. Estimated: probably between €870,000 and €2.0m.
Balance sheet
balance sheet total €19.1m on 31-12-2025in €m
in €m
Position in the sector
11.7%
Higher than 17% of 10,855 companies in 2025.
0.34
Higher than 17% of 10,477 companies in 2025.
0.2%
Higher than 24% of 10,724 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom 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 |
19.1m | 12.2m | 8.5m | 8.0m | 7.8m | 8.3m | 6.8m | 6.9m | 5.5m | 4.4m | 2.2m | 1.7m | 1.4m | 1.1m | 1.3m | 1.3m | 1.4m | 1.7m | 2.1m | 1.9m | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 105 | 285 | 465 | |
21/28 |
16.3m | 11.5m | 8.3m | 7.6m | 7.3m | 7.9m | 6.4m | 6.4m | 5.1m | 4.1m | 1.5m | 1.0m | 705,059 | 503,538 | 667,141 | 689,453 | 712,541 | 710,799 | 746,772 | 177,701 | |
22/27 |
16.3m | 11.5m | 8.3m | 7.6m | 7.3m | 7.9m | 6.4m | 6.4m | 5.1m | 4.1m | 1.5m | 1.0m | 704,882 | 503,362 | 666,965 | 689,277 | 712,365 | 710,043 | 745,836 | 176,594 | |
22 |
16.3m | 11.5m | 8.3m | 7.6m | 7.3m | 7.9m | 6.4m | 6.4m | 5.1m | 4.1m | 1.5m | 1.0m | 704,556 | 502,710 | 666,965 | 689,277 | 712,015 | 709,343 | 744,786 | 174,182 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | 326 | 652 | - | - | 350 | 700 | 1,050 | 2,412 | |
28 |
1,236 | 1,236 | 1,236 | 1,236 | 1,236 | 1,236 | 1,236 | 1,236 | 1,236 | 1,236 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 651 | 651 | 642 | |
29/58 |
2.8m | 637,948 | 227,760 | 373,732 | 568,918 | 356,070 | 458,664 | 454,255 | 417,934 | 321,225 | 679,335 | 680,533 | 672,409 | 645,670 | 616,674 | 638,666 | 667,434 | 989,820 | 1.4m | 1.7m | |
3 |
2.6m | 610,223 | 193,351 | 279,264 | 279,264 | 279,264 | 279,264 | 366,604 | 366,604 | 173,041 | 672,545 | 671,894 | 666,279 | 612,121 | 605,644 | 598,784 | 551,819 | 957,293 | 1.3m | 1.7m | |
30/36 |
2.6m | 610,223 | 193,351 | 279,264 | 279,264 | 279,264 | 279,264 | 366,604 | 366,604 | 173,041 | 672,545 | 671,894 | 666,279 | 612,121 | 605,644 | 598,784 | 551,819 | 957,293 | 1.3m | 1.7m | |
40/41 |
22,000 | 22,000 | 34,408 | 59,731 | 22,013 | 51,693 | 22,013 | 26,013 | 5,013 | 5,013 | 253 | 1,276 | 5,903 | 3,184 | 10,168 | 15,155 | 10,444 | 6,478 | - | 36,352 | |
40 |
22,000 | 22,000 | 34,408 | 59,731 | 22,000 | 51,593 | 22,000 | 26,000 | 5,000 | 5,000 | - | - | 4,365 | 2,167 | 9,905 | 9,905 | 9,482 | 6,478 | - | 33,000 | |
41 |
- | - | - | 0 | 13 | 100 | 13 | 13 | 13 | 13 | 253 | 1,276 | 1,538 | 1,017 | 263 | 5,250 | 963 | - | - | 3,352 | |
54/58 |
232,502 | 5,726 | 0 | 11,609 | 267,641 | 25,113 | 157,387 | 61,638 | 46,317 | 143,171 | 6,537 | 7,363 | 227 | 30,365 | 227 | 18,273 | 99,291 | 26,049 | 54,826 | 24,978 | |
490/1 |
- | - | 0 | 23,127 | - | - | - | - | - | - | - | - | - | - | 636 | 6,453 | 5,880 | - | 5,000 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
19.1m | 12.2m | 8.5m | 8.0m | 7.8m | 8.3m | 6.8m | 6.9m | 5.5m | 4.4m | 2.2m | 1.7m | 1.4m | 1.1m | 1.3m | 1.3m | 1.4m | 1.7m | 2.1m | 1.9m | |
10/15 |
2.2m | 2.2m | 2.1m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 1.9m | 1.8m | 19,170 | -7,726 | -51,712 | -97,112 | -132,170 | -73,642 | -59,790 | -45,109 | 79,329 | 102,053 | |
10/11 |
1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 1.9m | 1.9m | 1.9m | 1.9m | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
105,197 | 108,591 | 111,985 | 52,641 | 52,121 | 52,121 | 51,033 | 51,033 | 50,203 | 50,203 | 50,203 | 50,203 | 50,203 | 50,203 | 50,203 | 50,203 | 50,203 | 2,000 | 2,000 | 2,000 | |
130/1 |
- | - | 0 | 4,438 | 3,918 | 3,918 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,830 | 2,830 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
- | - | 0 | 4,438 | 3,918 | 3,918 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
52,556 | 55,950 | 59,344 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
52,641 | 52,641 | 52,641 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | 48,203 | - | - | - | |
14 |
209,804 | 166,306 | 93,609 | 75,826 | 65,942 | 45,416 | 24,742 | 15,763 | -26,490 | -127,383 | -51,033 | -77,929 | -121,916 | -167,315 | -202,374 | -143,845 | -129,993 | -67,109 | 57,329 | 80,053 | |
16 |
17,519 | 18,650 | 19,781 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
17,519 | 18,650 | 19,781 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
16.8m | 9.9m | 6.4m | 5.9m | 5.8m | 6.3m | 4.8m | 4.9m | 3.6m | 2.5m | 2.2m | 1.7m | 1.4m | 1.2m | 1.4m | 1.4m | 1.4m | 1.7m | 2.1m | 1.8m | |
17 |
8.5m | 5.3m | 3.5m | 2.9m | 3.2m | 3.7m | 2.5m | 2.7m | 1.8m | 1.1m | 857,500 | 691,292 | 508,496 | 412,500 | 487,973 | 531,977 | 575,981 | 619,985 | 663,989 | 115,493 | |
170/4 |
8.5m | 5.3m | 3.5m | 2.9m | 3.2m | 3.7m | 2.5m | 2.7m | 1.8m | 1.1m | 857,500 | 691,292 | 508,496 | 412,500 | 487,973 | 531,977 | 575,981 | 619,985 | 663,989 | 115,493 | |
42/48 |
8.3m | 4.6m | 2.9m | 3.1m | 2.6m | 2.5m | 2.3m | 2.1m | 1.7m | 1.4m | 1.3m | 1.0m | 918,826 | 831,961 | 926,154 | 869,784 | 863,784 | 1.1m | 1.4m | 1.7m | |
42 |
949,961 | 467,298 | 346,029 | 290,461 | 296,572 | 265,919 | 165,412 | 194,045 | 136,212 | 77,940 | 77,940 | 60,804 | 44,004 | 75,473 | 44,004 | 44,004 | 44,004 | 44,004 | 44,004 | 14,004 | |
43 |
2.6m | 551,368 | 555,417 | 944,000 | 544,000 | 544,000 | 544,000 | 544,000 | 544,000 | 544,000 | 544,000 | 399,437 | 435,394 | 498,703 | 520,510 | 468,994 | 450,020 | 635,698 | 921,493 | 1.3m | |
430/8 |
2.6m | 551,368 | 555,417 | 944,000 | 544,000 | 544,000 | 544,000 | 544,000 | 544,000 | 544,000 | 544,000 | 399,437 | 435,394 | 498,703 | 520,510 | 468,994 | 450,020 | 635,698 | 921,493 | 1.3m | |
44 |
82,451 | 23,462 | 7,331 | 60,695 | 0 | 74,548 | 1,126 | 324 | 2,812 | 5,108 | 2,750 | 5,203 | - | - | 1,196 | 324 | 2,298 | 7,521 | 30,359 | 65,924 | |
440/4 |
82,451 | 23,462 | 7,331 | 60,695 | 0 | 74,548 | 1,126 | 324 | 2,812 | 5,108 | 2,750 | 5,203 | - | - | 1,196 | 324 | 2,298 | 7,521 | 30,359 | 65,924 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,500 | 17,500 | 17,500 | 59,800 | 33,525 | 44,650 | |
45 |
16,136 | 26,423 | 9,961 | 7,137 | 23,467 | - | 12,458 | 12,458 | - | 13,960 | - | - | 19,838 | - | 7,864 | 8,754 | 7,871 | 40,107 | 46,783 | - | |
450/3 |
16,136 | 26,423 | 9,961 | 7,137 | 23,467 | - | 12,458 | 12,458 | - | 13,960 | - | - | - | - | 7,864 | 1,254 | 371 | 32,607 | 39,283 | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 19,838 | - | - | 7,500 | 7,500 | 7,500 | 7,500 | - | |
47/48 |
4.6m | 3.6m | 2.0m | 1.8m | 1.7m | 1.7m | 1.6m | 1.4m | 1.1m | 788,349 | 698,617 | 560,368 | 419,590 | 257,786 | 335,080 | 330,208 | 342,092 | 338,396 | 313,855 | 312,405 | |
492/3 |
30,801 | - | - | - | - | - | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | - | - | 217 | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | 1,261 | - | 9,822 | - | 3,926 | 1,339 | - | 12,488 | 3,094 | |
9900 |
735,524 | 723,474 | 558,720 | 412,508 | 442,463 | 327,445 | 359,051 | 363,261 | 311,311 | 127,742 | 122,863 | 115,367 | 98,508 | 79,320 | 33,264 | 53,996 | 39,821 | 12,938 | 157,178 | 127,153 | |
630 |
396,296 | 338,073 | 256,131 | 282,849 | 279,983 | 250,376 | 275,178 | 231,851 | 165,910 | 123,575 | 55,967 | 36,665 | 23,564 | 16,541 | 22,312 | 23,088 | 23,193 | 35,973 | 71,284 | 10,379 | |
640/8 |
49,597 | 37,967 | 82,445 | 37,159 | 5,873 | 8,490 | 29,371 | 23,323 | 25,247 | 222 | 11,219 | 1,998 | 3,232 | 1,335 | 16,839 | 6,180 | 1,680 | 6,932 | 5,105 | 1,106 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 849 | - | - | - | - | |
9901 |
289,631 | 347,435 | 220,144 | 92,501 | 156,608 | 68,579 | 54,501 | 108,087 | 120,154 | 3,945 | 55,676 | 76,704 | 71,712 | 61,444 | -5,888 | 24,728 | 14,948 | -29,967 | 80,789 | 115,668 | |
75/76B |
0 | 1,218 | - | - | 0 | 322 | 400 | 14,326 | 12,888 | 4,107 | 4,533 | 10 | 42 | 2 | 385 | 310 | 420 | 8,604 | 4,061 | 3,102 | |
75 |
0 | 1,218 | - | - | 0 | 322 | 400 | 14,326 | 12,888 | 4,107 | 4,533 | 10 | 42 | 2 | 385 | 310 | 420 | 8,604 | 4,061 | 3,102 | |
65/66B |
233,693 | 253,250 | 116,441 | 78,122 | 132,920 | 47,140 | 45,921 | 79,330 | 32,149 | 84,402 | 32,483 | 30,248 | 26,355 | 35,351 | 49,636 | 41,969 | 47,711 | 86,870 | 87,879 | 76,276 | |
65 |
233,693 | 253,250 | 116,441 | 78,122 | 132,920 | 47,140 | 45,921 | 79,330 | 32,149 | 84,402 | 32,483 | 30,248 | 26,355 | 35,351 | 49,636 | 41,969 | 47,711 | 86,870 | 87,879 | 76,276 | |
9903 |
55,938 | 95,403 | 103,704 | 14,379 | 23,688 | 21,762 | 8,979 | 43,083 | 100,893 | -76,350 | 27,726 | 47,727 | 45,399 | 35,918 | -55,138 | -13,854 | -31,004 | -108,233 | 9,459 | 45,588 | |
780 |
1,131 | 1,131 | 34 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
680 |
- | 0 | 19,816 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
16,966 | 27,230 | 6,796 | 3,972 | 3,161 | - | - | - | - | - | 830 | 3,740 | - | 860 | 3,390 | -1 | -16,324 | 16,205 | 32,183 | 1,354 | |
9904 |
40,104 | 69,304 | 77,127 | 10,407 | 20,526 | 21,762 | 8,979 | 43,083 | 100,893 | -76,350 | 26,896 | 43,987 | 45,399 | 35,059 | -58,528 | -13,852 | -14,681 | -124,438 | -22,724 | 44,234 | |
789 |
3,394 | 3,394 | 103 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | 0 | 59,447 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
43,497 | 72,698 | 17,783 | 10,407 | 20,526 | 21,762 | 8,979 | 43,083 | 100,893 | -76,350 | 26,896 | 43,987 | 45,399 | 35,059 | -58,528 | -13,852 | -14,681 | -124,438 | -22,724 | 44,234 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
209,804 | 166,306 | 93,609 | 76,346 | 65,942 | 46,504 | 24,742 | 16,593 | -26,490 | -127,383 | -51,033 | -77,929 | -121,916 | -167,315 | -202,374 | -143,845 | -81,790 | -67,109 | 57,329 | 80,053 | |
14P |
166,306 | 93,609 | 75,826 | 65,939 | 45,416 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 0 | 520 | 0 | 1,088 | - | 830 | - | - | - | - | - | - | - | - | 48,203 | - | - | - | |
6920 |
- | - | 0 | 520 | 0 | 1,088 | - | 830 | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 48,203 | - | - | - | |
| 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 16 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 30-06-2026.
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 | 30-06-2026 | 2026-00225794 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00271864 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00233148 | |
| 31-12-2022 | micro format | 20-09-2023 | 2023-00450873 | |
| 31-12-2021 | micro format | 27-10-2022 | 2022-20476845 | |
| 31-12-2020 | micro format | 26-11-2021 | 2021-78500260 | |
| 31-12-2019 | micro format | 10-11-2020 | 2020-70400391 | |
| 31-12-2018 | micro format | 26-11-2019 | 2019-74500209 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-27900408 | |
| 31-12-2016 | micro format | 06-06-2017 | 2017-15500319 | |
| 31-12-2015 | abbreviated format | 27-07-2016 | 2016-35400363 | |
| 31-12-2014 | abbreviated format | 01-07-2015 | 2015-23800508 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-48300093 | |
| 31-12-2012 | abbreviated format | 14-01-2014 | 2014-00700206 | |
| 31-12-2011 | abbreviated format | 24-08-2012 | 2012-43900057 | |
| 31-12-2010 | abbreviated format | 25-01-2012 | 2012-01300439 | |
| 31-12-2009 | abbreviated format | 13-08-2010 | 2010-40400582 | |
| 31-12-2008 | abbreviated format | 30-10-2009 | 2009-83200099 | |
| 31-12-2007 | abbreviated format | 26-06-2008 | 2008-28200234 | |
| 31-12-2006 | abbreviated format | 27-06-2007 | 2007-28300319 | |
| 31-12-2005 | abbreviated format | 12-06-2006 | 2006-23102115 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 685,927 | 685,507 | 476,275 | 375,350 | 436,590 | 318,955 | 329,679 | 339,938 | 286,064 | 127,520 | 111,644 | 113,370 | 95,276 | 77,985 | 16,424 | 47,816 | 38,141 | 6,006 | 152,073 | 126,047 | ||
| 436,399 | 407,376 | 333,257 | 293,256 | 300,509 | 272,137 | 284,157 | 274,933 | 266,803 | 47,225 | 82,863 | 80,652 | 68,964 | 51,600 | -36,216 | 9,236 | 8,513 | -88,465 | 48,560 | 54,613 | ||
| 5.1m | 3.5m | 1.4m | 634,103 | 6,398 | 1.8m | 228,730 | 1.5m | 1.2m | 2.7m | 545,906 | 362,310 | 225,085 | 978 | 0 | 0 | 24,935 | 0 | 640,355 | 52,403 | ||
| 226,777 | 5,726 | -11,609 | -256,031 | 242,527 | -132,273 | 95,749 | 15,321 | -96,855 | 136,635 | -826 | 7,136 | -30,139 | 30,139 | -18,047 | -81,018 | 73,242 | -28,777 | 29,848 | - | ||
| -5.5m | -4.0m | -2.7m | -2.7m | -2.0m | -2.2m | -1.8m | -1.7m | -1.3m | -1.1m | -643,972 | -345,279 | -246,416 | -186,291 | -309,480 | -231,118 | -196,350 | -135,706 | -3,454 | 39,845 | ||
| 11.7% | 18.1% | 24.9% | 25.6% | 26.0% | 24.4% | 29.2% | 28.9% | 35.2% | 42.1% | 0.9% | -0.5% | -3.8% | -8.5% | -10.3% | -5.5% | -4.3% | -2.7% | 3.7% | 5.3% | ||
| 0.34 | 0.14 | 0.08 | 0.12 | 0.22 | 0.14 | 0.20 | 0.21 | 0.24 | 0.22 | 0.51 | 0.66 | 0.73 | 0.78 | 0.67 | 0.73 | 0.77 | 0.88 | 1.00 | 1.02 | ||
| 0.03 | 0.01 | 0.01 | 0.03 | 0.11 | 0.03 | 0.08 | 0.04 | 0.03 | 0.10 | 0.01 | 0.01 | 0.01 | 0.04 | 0.01 | 0.05 | 0.13 | 0.03 | 0.04 | 0.04 | ||
| 7.53 | 4.53 | 3.01 | 2.90 | 2.84 | 3.10 | 2.42 | 2.46 | 1.84 | 1.38 | - | - | - | - | - | - | - | - | 25.89 | 17.87 | ||
| 1.8% | 3.2% | 3.6% | 0.5% | 1.0% | 1.1% | 0.4% | 2.2% | 5.2% | -4.1% | 140.3% | - | - | - | - | - | - | - | -28.6% | 43.3% | ||
| 0.2% | 0.6% | 0.9% | 0.1% | 0.3% | 0.3% | 0.1% | 0.6% | 1.8% | -1.7% | 1.2% | 2.6% | 3.3% | 3.1% | -4.6% | -1.0% | -1.1% | -7.3% | -1.1% | 2.3% | ||
| 2.94 | 2.71 | 4.09 | 4.80 | 3.28 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €3 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5.1m | €3.5m | €1.4m | €634,103 | €6,398 |
| Financial fixed assets | €0 | - | - | - | - |
| €396,296 | €338,073 | €256,131 | €282,849 | €279,983 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FDF
The operating result for 2025 is 17% lower than in 2024.
Debt's share of the balance-sheet total rises from 81.8% to 88.2%. Equity and debt are higher.