Flow
Annual accounts 2025
micro format, filed on 23-07-2026, 8 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 ≈ €140,000. Estimated: probably between €110,000 and €170,000.
Balance sheet
balance sheet total €17,736 on 31-12-2025in euro
in euro
Position in the sector
-814.7%
Lower than 95% of 6,259 companies in 2025.
0.11
Higher than 6% of 5,744 companies in 2025.
318.7%
Higher than 95% of 5,796 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
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 |
17,736 | 6,457 | 56,445 | 113,916 | 350,194 | 389,777 | 299,382 | 315,295 | 318,041 | 348,328 | 409,587 | 464,757 | 470,950 | 738,020 | 979,304 | 1.1m | 1.2m | 1.0m | 1.6m | 802,964 | |
21/28 |
- | - | - | - | 239,513 | 254,565 | 270,839 | 270,839 | 273,859 | 286,088 | 307,423 | 328,644 | 357,284 | 380,734 | 364,370 | 398,555 | 431,584 | 466,750 | 506,518 | 4,716 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 250 | 499 | - | - | - | - | |
22/27 |
- | - | - | - | 238,533 | 253,585 | 269,859 | 269,859 | 272,879 | 285,108 | 306,933 | 328,154 | 357,284 | 380,734 | 364,120 | 398,055 | 431,584 | 466,750 | 506,518 | 4,716 | |
22 |
- | - | - | - | 238,533 | 249,167 | 261,023 | 261,023 | 272,879 | 284,735 | 300,822 | 316,455 | 332,088 | 347,721 | 363,354 | 381,051 | 397,864 | 414,676 | 431,489 | - | |
23 |
- | - | - | - | - | - | - | - | - | 373 | 815 | 1,106 | 642 | 274 | 673 | 4,624 | 8,575 | 11,724 | 13,477 | 2,805 | |
24 |
- | - | - | - | - | 4,418 | 8,836 | 8,836 | - | - | 5,297 | 10,593 | 24,554 | 32,739 | 93 | 12,380 | 25,145 | 38,462 | 56,832 | 1,910 | |
28 |
- | - | - | - | 980 | 980 | 980 | 980 | 980 | 980 | 490 | 490 | - | - | - | - | - | - | - | - | |
29/58 |
17,736 | 6,457 | 56,445 | 113,916 | 110,681 | 135,212 | 28,543 | 44,456 | 44,183 | 62,240 | 102,164 | 136,113 | 113,666 | 357,286 | 614,934 | 689,354 | 798,972 | 544,271 | 1.1m | 798,248 | |
3 |
- | - | - | - | - | 23,781 | 25,237 | 28,908 | 26,783 | 60,043 | 62,906 | 59,728 | 59,832 | 184,887 | 180,494 | 426,216 | 200,102 | 436,390 | 444,872 | 598,472 | |
30/36 |
- | - | - | - | - | 23,781 | 25,237 | 28,908 | 26,783 | 60,043 | 62,906 | 59,728 | 59,832 | 184,887 | 180,494 | 426,216 | 200,102 | 436,390 | 444,872 | 598,472 | |
40/41 |
14,936 | 3,774 | 50,638 | 111,722 | 109,667 | 105,021 | - | 12,735 | 4,401 | 574 | 7,918 | 8,469 | 37,859 | 54,393 | 24,765 | 45,898 | 48,899 | 57,038 | 453,760 | 82,857 | |
40 |
14,936 | 3,774 | 5,794 | 2,648 | 593 | 605 | - | 12,735 | 4,401 | 574 | 7,918 | 8,469 | 5,182 | 24,589 | 6,243 | 9,408 | 14,499 | 20,406 | 403,826 | 23,713 | |
41 |
- | 0 | 44,844 | 109,074 | 109,074 | 104,416 | - | - | - | - | - | - | 32,677 | 29,804 | 18,522 | 36,490 | 34,400 | 36,633 | 49,934 | 59,144 | |
54/58 |
2,799 | 2,683 | 5,469 | 1,810 | 632 | 6,038 | 3,035 | 2,813 | 12,101 | - | 31,340 | 22,916 | 15,975 | 117,441 | 253,975 | 204,805 | 247,446 | 45,672 | 182,770 | 116,166 | |
490/1 |
- | 0 | 339 | 384 | 382 | 372 | 271 | - | 897 | 1,622 | - | 45,000 | - | 565 | 155,700 | 12,435 | 302,524 | 5,171 | 371 | 754 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
17,736 | 6,457 | 56,445 | 113,916 | 350,194 | 389,777 | 299,382 | 315,295 | 318,041 | 348,328 | 409,587 | 464,757 | 470,950 | 738,020 | 979,304 | 1.1m | 1.2m | 1.0m | 1.6m | 802,964 | |
10/15 |
-144,491 | -201,013 | -269,274 | -309,322 | -410,483 | -376,461 | -363,631 | -366,553 | -354,236 | -334,919 | -327,622 | -317,650 | -328,073 | -332,866 | -284,351 | -207,166 | -51,681 | -8,527 | 111,544 | 103,519 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
100 |
- | - | - | - | - | - | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
13 |
586 | 586 | 586 | 586 | 586 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 5,336 | 586 | 176 | |
130/1 |
- | - | - | - | 586 | 586 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 176 | |
1311 |
- | - | - | - | 586 | 586 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | 4,750 | - | - | |
133 |
586 | 586 | 586 | 586 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-245,077 | -301,599 | -369,860 | -409,908 | -511,069 | -481,797 | -468,967 | -471,889 | -459,572 | -440,255 | -432,958 | -422,986 | -433,409 | -438,201 | -389,687 | -312,502 | -157,017 | -113,863 | 10,958 | 3,343 | |
17/49 |
162,226 | 207,470 | 325,719 | 423,238 | 760,677 | 766,238 | 663,014 | 681,848 | 672,278 | 683,247 | 737,209 | 782,407 | 799,023 | 1.1m | 1.3m | 1.3m | 1.3m | 1.0m | 1.5m | 699,445 | |
17 |
- | - | - | - | 56,981 | 100,901 | 97,958 | 133,896 | 168,112 | 200,689 | 265,231 | 328,627 | 359,516 | 416,409 | 404,126 | 455,727 | 508,561 | 558,866 | 583,103 | - | |
170/4 |
- | - | - | - | 56,981 | 100,901 | 97,958 | 133,896 | 168,112 | 200,689 | 265,231 | 328,627 | 359,516 | 416,409 | 404,126 | 455,727 | 508,561 | 558,866 | 583,103 | - | |
42/48 |
162,226 | 207,470 | 325,719 | 423,238 | 700,206 | 665,337 | 561,561 | 547,240 | 500,661 | 482,558 | 471,978 | 453,780 | 439,507 | 654,477 | 859,529 | 839,348 | 768,273 | 460,681 | 884,989 | 699,442 | |
42 |
- | - | - | - | 37,901 | 21,211 | 33,010 | 34,216 | 29,923 | 64,542 | 63,396 | 60,446 | 61,273 | 48,621 | 51,601 | 52,834 | 50,305 | 49,969 | 42,524 | - | |
43 |
- | - | - | - | - | - | - | - | - | 240 | - | - | - | 150,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 437,000 | |
430/8 |
- | - | - | - | - | - | - | - | - | 240 | - | - | - | 150,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 437,000 | |
44 |
5,260 | 1,191 | 1,087 | 2,428 | 3,812 | 9,200 | 5,322 | 27,824 | 11,056 | 7,418 | 11,835 | 7,792 | 7,731 | 24,246 | 12,988 | 17,749 | 19,167 | 40,915 | 369,227 | 33,718 | |
440/4 |
5,260 | 1,191 | 1,087 | 2,428 | 3,812 | 9,200 | 5,322 | 27,824 | 11,056 | 7,418 | 11,835 | 7,792 | 7,731 | 24,246 | 12,988 | 17,749 | 19,167 | 40,915 | 369,227 | 33,718 | |
46 |
- | - | - | - | - | - | - | - | - | - | 1,756 | 200 | 767 | - | - | - | - | - | - | - | |
45 |
586 | 2,368 | 2,594 | 2,221 | 2,655 | 1,525 | 3,371 | 1,679 | 6,928 | 5,312 | 6,814 | 5,762 | 2,914 | 10,422 | 21,497 | 21,318 | 14,410 | 22,503 | 29,719 | 2,278 | |
450/3 |
586 | 2,368 | 2,594 | 2,221 | 2,655 | 1,525 | 3,371 | 1,679 | 6,928 | 5,312 | 6,814 | 5,762 | 2,914 | 5,102 | 16,424 | 14,522 | 9,595 | 15,469 | 25,690 | 401 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,320 | 5,073 | 6,796 | 4,815 | 7,034 | 4,029 | 1,877 | |
47/48 |
156,380 | 203,911 | 322,038 | 418,589 | 655,838 | 633,401 | 519,857 | 483,521 | 452,755 | 405,047 | 388,178 | 379,581 | 366,822 | 421,188 | 473,442 | 447,446 | 384,392 | 47,293 | 143,520 | 226,446 | |
492/3 |
- | - | - | - | 3,490 | - | 3,495 | 712 | 3,504 | - | - | - | - | - | - | - | 5,402 | - | 8,655 | 4 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | 0 | 111,467 | - | - | - | - | - | - | - | 3,563 | - | 20,620 | 250 | - | - | 6,392 | - | 2,542 | |
9900 |
58,143 | 33,041 | 41,513 | 109,661 | -5,510 | 11,199 | 13,388 | 16,132 | 13,314 | 36,064 | 36,711 | 51,751 | 60,370 | 9,310 | 45,901 | 57,185 | 157,767 | 92,726 | 180,829 | 106,910 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | 76 | 5,179 | 17,988 | 37,039 | 113,683 | 99,276 | 111,799 | 73,807 | 60,040 | |
630 |
- | - | - | - | 16,410 | 16,274 | - | 16,274 | 12,229 | 24,709 | 21,590 | 21,467 | 24,105 | 24,902 | 34,185 | 33,778 | 37,142 | 38,080 | 36,629 | 2,424 | |
640/8 |
824 | 1,759 | 1,045 | 1,504 | 4,676 | 1,587 | 3,011 | 3,407 | 5,652 | 3,363 | 5,142 | 8,821 | 4,238 | 5,888 | 13,277 | 22,774 | 10,913 | 21,104 | 10,233 | 8,688 | |
66A |
0 | 3,781 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,532 | - | 8,176 | - | |
9901 |
57,319 | 27,501 | 40,468 | 108,157 | -26,596 | -6,661 | 10,377 | -3,549 | -4,567 | 7,993 | 9,979 | 21,388 | 26,848 | -39,468 | -38,600 | -113,049 | 10,436 | -78,256 | 60,160 | 35,757 | |
75/76B |
7 | 41,631 | 0 | 37 | 17 | 5 | 195 | 1,112 | 181 | 308 | 208 | 6,225 | 4,381 | 1,029 | 519 | 908 | 1,186 | 3,987 | 942 | 1,178 | |
75 |
7 | 41,631 | 0 | 37 | 17 | 5 | 195 | 1,112 | 181 | 308 | 208 | 6,225 | 4,381 | 1,029 | 519 | 908 | 1,186 | 3,987 | 942 | 1,178 | |
65/66B |
628 | 732 | 288 | 6,888 | 6,557 | 6,048 | 7,464 | 9,706 | 14,605 | 15,598 | 20,025 | 20,580 | 26,271 | 30,415 | 39,384 | 43,344 | 49,214 | 52,194 | 41,359 | 20,407 | |
65 |
628 | 732 | 288 | 6,888 | 6,557 | 6,048 | 7,464 | 9,706 | 14,605 | 15,598 | 20,025 | 20,580 | 26,271 | 30,415 | 39,384 | 43,344 | 49,214 | 52,194 | 41,359 | 20,407 | |
9903 |
56,699 | 68,400 | 40,180 | 101,305 | -33,136 | -12,705 | 3,108 | -12,143 | -18,991 | -7,297 | -9,837 | 10,597 | 4,959 | -48,234 | -77,215 | -155,485 | -43,124 | -120,071 | 11,567 | 19,070 | |
67/77 |
176 | 140 | 132 | 144 | 887 | 124 | 187 | 174 | 326 | - | 135 | 174 | 166 | 281 | -30 | - | 30 | - | 3,542 | - | |
9904 |
56,522 | 68,261 | 40,048 | 101,162 | -34,023 | -12,829 | 2,922 | -12,317 | -19,317 | -7,297 | -9,972 | 10,423 | 4,793 | -48,515 | -77,185 | -155,485 | -43,155 | -120,071 | 8,026 | 19,070 | |
789 |
- | - | - | - | 4,750 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,750 | - | - | |
9905 |
56,522 | 68,261 | 40,048 | 101,162 | -29,273 | -12,829 | 2,922 | -12,317 | -19,317 | -7,297 | -9,972 | 10,423 | 4,793 | -48,515 | -77,185 | -155,485 | -43,155 | -124,821 | 8,026 | 19,070 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-245,077 | -301,599 | -369,860 | -409,908 | -511,069 | -481,797 | -468,967 | -471,889 | -459,572 | -440,255 | -432,958 | -422,986 | -433,409 | -438,201 | -389,687 | -312,502 | -157,017 | -113,863 | 11,368 | 3,519 | |
14P |
-301,599 | -369,860 | -409,908 | -511,069 | -481,797 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 410 | 176 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 410 | 176 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | 1.2 | 1.6 | 1.9 | 3.6 | 3.4 | 3 | 2 | 1.4 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | 802 | 1,070 | 1,550 | 4,545 | 4,078 | 4,694 | 3,132 | 2,160 | |
| Document | |||||||||||||||||||||
The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
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 | 23-07-2026 | 2026-00322366 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00172947 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00160951 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00216046 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20090731 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25200555 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27400071 | |
| 31-12-2018 | micro format | 06-08-2019 | 2019-44200281 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51200095 | |
| 31-12-2016 | micro format | 11-07-2017 | 2017-30400504 | |
| 31-12-2015 | abbreviated format | 11-07-2016 | 2016-30400547 | |
| 31-12-2014 | abbreviated format | 29-07-2015 | 2015-36500051 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-31000315 | |
| 31-12-2012 | abbreviated format | 26-08-2013 | 2013-47800080 | |
| 31-12-2011 | abbreviated format | 31-07-2012 | 2012-37400541 | |
| 31-12-2010 | abbreviated format | 28-07-2011 | 2011-35100073 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-23000558 | |
| 31-12-2008 | abbreviated format | 16-07-2009 | 2009-43000029 | |
| 31-12-2007 | abbreviated format | 09-07-2008 | 2008-37900194 | |
| 31-12-2006 | abbreviated format | 03-07-2007 | 2007-34300397 | |
| 31-12-2005 | abbreviated format | 28-07-2006 | 2006-56801795 | |
| 31-12-2004 | abbreviated format | 20-06-2005 | 2005-28804815 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | -10,186 | 9,612 | - | 12,725 | 7,662 | 32,702 | 31,569 | 42,854 | 50,953 | -14,566 | -4,415 | -79,271 | 47,578 | -40,176 | 96,789 | 38,181 | ||
| - | - | - | - | -17,613 | 3,445 | - | 3,957 | -7,088 | 17,412 | 11,618 | 31,889 | 28,898 | -23,612 | -43,000 | -121,707 | -6,013 | -81,990 | 44,654 | 21,494 | ||
| - | - | - | - | 1,357 | 0 | - | 13,254 | 0 | 3,374 | 369 | 1,490 | 655 | 41,266 | 0 | 749 | 3,864 | 4,935 | 538,431 | 3,750 | ||
| 116 | -2,786 | 3,659 | 1,178 | -5,405 | 3,003 | 221 | -9,288 | - | - | 8,424 | 6,941 | -101,466 | -136,534 | 49,170 | -42,641 | 201,774 | -137,099 | 66,605 | - | ||
| -144,491 | -201,013 | -269,274 | -309,322 | -589,524 | -530,125 | -533,017 | -502,784 | -456,479 | -420,318 | -369,814 | -317,667 | -325,841 | -297,191 | -244,595 | -149,994 | 30,699 | 83,590 | 196,784 | 98,807 | ||
| -814.7% | - | -477.1% | -271.5% | -117.2% | -96.6% | -121.5% | -116.3% | -111.4% | -96.2% | -80.0% | -68.3% | -69.7% | -45.1% | -29.0% | -19.0% | -4.2% | -0.8% | 7.0% | 12.9% | ||
| 0.11 | 0.03 | 0.17 | 0.27 | 0.16 | 0.20 | 0.05 | 0.08 | 0.09 | 0.13 | 0.22 | 0.30 | 0.26 | 0.55 | 0.72 | 0.82 | 1.04 | 1.18 | 1.22 | 1.14 | ||
| 0.11 | 0.03 | 0.17 | 0.27 | 0.16 | 0.17 | 0.01 | 0.03 | 0.03 | 0.00 | 0.08 | 0.17 | 0.12 | 0.26 | 0.51 | 0.31 | 0.78 | 0.23 | 0.72 | 0.29 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.24 | 6.76 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.2% | 18.4% | ||
| 318.7% | - | 71.0% | 88.8% | -9.7% | -3.3% | 1.0% | -3.9% | -6.1% | -2.1% | -2.4% | 2.2% | 1.0% | -6.6% | -7.9% | -14.3% | -3.5% | -11.9% | 0.5% | 2.4% | ||
| - | - | - | - | -1.55 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,357 |
| - | - | - | - | €16,410 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Flow
The operating result for 2025 is 108% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Equity is negative. Debt (€162,226) exceeds the balance-sheet total (€17,736).