Flow
Annual accounts 2024
micro format, filed on 01-06-2026, 305 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €16,000. Estimated: probably between €6,800 and €27,000.
Balance sheet
balance sheet total €34,494 on 31-12-2024in euro
Position in the sector
-42.5%
Higher than 8% of 8,787 companies in 2024.
1.13
Higher than 27% of 8,486 companies in 2024.
1.4%
Higher than 30% of 8,581 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
34,494 | 17,149 | 8,313 | 6,573 | 9,321 | 11,570 | 23,573 | 34,627 | |
21/28 |
1,414 | 2,597 | 2,764 | 2,657 | 4,565 | 6,495 | 9,864 | 31,885 | |
22/27 |
1,414 | 2,597 | 2,764 | 2,657 | 4,565 | 6,495 | 9,864 | 31,885 | |
23 |
1,414 | 2,597 | 2,764 | 2,657 | 1,440 | 245 | 489 | 18,238 | |
24 |
- | - | - | - | 3,125 | 6,250 | 9,375 | 13,647 | |
29/58 |
33,080 | 14,552 | 5,549 | 3,916 | 4,756 | 5,075 | 13,709 | 2,742 | |
40/41 |
29,503 | 14,052 | 5,049 | - | - | - | 5,897 | 242 | |
40 |
29,203 | 13,752 | 4,749 | - | - | - | 5,897 | 242 | |
41 |
300 | 300 | 300 | - | - | - | - | - | |
54/58 |
1,083 | - | - | 3,889 | 4,382 | 4,702 | 7,075 | 2,500 | |
490/1 |
2,494 | 500 | 500 | 27 | 374 | 373 | 737 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
34,494 | 17,149 | 8,313 | 6,573 | 9,321 | 11,570 | 23,573 | 34,627 | |
10/15 |
-14,664 | -15,141 | -17,318 | -25,022 | -37,243 | -55,790 | -76,920 | -69,546 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | - | 18,600 | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-33,264 | -33,741 | -35,918 | -43,622 | -55,843 | -74,390 | -95,520 | -88,146 | |
17/49 |
49,158 | 32,290 | 25,631 | 31,595 | 46,564 | 67,360 | 100,493 | 104,174 | |
17 |
20,000 | 20,000 | 20,000 | 20,000 | 38,000 | 51,062 | 72,677 | 78,002 | |
170/4 |
20,000 | 20,000 | 20,000 | 20,000 | 38,000 | 51,062 | 72,677 | 78,002 | |
42/48 |
29,158 | 12,290 | 5,631 | 11,595 | 8,564 | 16,298 | 27,816 | 26,172 | |
42 |
- | - | - | - | 3,062 | 6,615 | 10,825 | 10,638 | |
43 |
- | 327 | 709 | - | - | - | - | - | |
430/8 |
- | 327 | 709 | - | - | - | - | - | |
44 |
- | - | - | 3,954 | 2,842 | 4,697 | 6,177 | 7,417 | |
440/4 |
- | - | - | 3,954 | 2,842 | 4,697 | 6,177 | 7,417 | |
45 |
18,600 | 11,811 | 3,985 | 5,871 | 1,036 | 4,646 | 10,646 | 5,521 | |
450/3 |
18,600 | 11,811 | 3,985 | 5,871 | 1,036 | 4,646 | 10,646 | 5,521 | |
47/48 |
10,558 | 152 | 937 | 1,770 | 1,624 | 340 | 169 | 2,596 | |
| Income statement | |||||||||
76A |
- | - | - | 42 | - | - | 2,053 | - | |
9900 |
2,595 | 5,152 | 11,543 | 15,724 | 24,283 | 31,533 | 11,367 | -59,682 | |
62 |
- | 487 | 746 | - | - | - | - | - | |
630 |
1,183 | 1,167 | 850 | 619 | 3,567 | 3,370 | 3,409 | 20,694 | |
631/4 |
- | - | - | - | - | 1,577 | - | - | |
640/8 |
- | 840 | 1,895 | 1,649 | 1,561 | 3,794 | 3,019 | 3,132 | |
66A |
- | - | - | - | - | - | 10,349 | - | |
9901 |
1,412 | 2,658 | 8,052 | 13,457 | 19,155 | 22,793 | -5,410 | -83,508 | |
75/76B |
- | - | - | 9 | - | - | - | - | |
75 |
- | - | - | 9 | - | - | - | - | |
65/66B |
575 | 216 | 348 | 1,057 | 424 | 1,483 | 1,918 | 4,639 | |
65 |
575 | 216 | 348 | 1,057 | 424 | 1,483 | 1,918 | 4,639 | |
9903 |
837 | 2,442 | 7,704 | 12,409 | 18,731 | 21,310 | -7,328 | -88,146 | |
67/77 |
360 | 265 | - | 188 | 184 | 180 | 46 | - | |
9904 |
477 | 2,177 | 7,704 | 12,221 | 18,547 | 21,130 | -7,374 | -88,146 | |
9905 |
477 | 2,177 | 7,704 | 12,221 | 18,547 | 21,130 | -7,374 | -88,146 | |
| Appropriation of the result | |||||||||
9906 |
-33,264 | -33,741 | -35,918 | -43,622 | -55,843 | -74,390 | -95,520 | -88,146 | |
14P |
-33,741 | -35,918 | -43,622 | -55,843 | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 5 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 2024 (PDF), filed on 01-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 01-06-2026 | 2026-00129444 | |
| 31-12-2023 | micro format | 01-06-2026 | 2026-00129442 | |
| 31-12-2022 | micro format | 01-06-2026 | 2026-00129441 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20372052 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58700003 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-22500427 | |
| 31-12-2018 | micro format | 18-10-2019 | 2019-70500194 | |
| 31-12-2017 | micro format | 14-11-2018 | 2018-72400232 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| 2,595 | 3,825 | 8,902 | 14,076 | 22,722 | 26,162 | -2,001 | -62,814 | ||
| 1,660 | 3,344 | 8,554 | 12,840 | 22,114 | 24,499 | -3,965 | -67,453 | ||
| 0 | 1,000 | 957 | 1,836 | 1,637 | 0 | 13,234 | 52,579 | ||
| - | - | - | -493 | -320 | -2,373 | 4,575 | - | ||
| 3,922 | 2,262 | -82 | -7,679 | -3,808 | -11,223 | -14,108 | -23,430 | ||
| -42.5% | -88.3% | -208.3% | -380.7% | -399.6% | -482.2% | -326.3% | -200.8% | ||
| 1.13 | 1.18 | 0.99 | 0.34 | 0.56 | 0.31 | 0.49 | 0.10 | ||
| 1.4% | 12.7% | 92.7% | 185.9% | 199.0% | 182.6% | -31.3% | -254.6% | ||
| 4.51 | 17.71 | 25.58 | 13.32 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,000 | €957 | €1,836 |
| €1,183 | €1,167 | €850 | €619 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on Flow
The operating result for 2024 is 47% lower than in 2023 and the lowest since 2018. It is the fifth fall in a row.
Equity is negative. Debt (€49,158) exceeds the balance-sheet total (€34,494).