FOR2
Annual accounts 2024
micro format, filed on 30-09-2025, 61 days lateTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €3.3m on 31-12-2024in euro
in €m
Position in the sector
22.9%
Higher than 28% of 9,459 companies in 2024.
0.51
Higher than 15% of 9,064 companies in 2024.
-3.4%
Higher than 18% of 9,192 companies in 2024.
Net result: bottom quarter · 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
3.3m | 1.3m | 266,259 | 263,991 | 268,942 | 270,658 | 222,682 | 217,560 | 212,677 | 393,108 | 389,610 | 395,082 | 480,617 | 295,134 | 567,334 | |
21/28 |
2.2m | 99,216 | 110,991 | 111,475 | 111,959 | 112,443 | 112,927 | 110,991 | 110,991 | 310,991 | 311,370 | 318,077 | 221,331 | 27,634 | 239,154 | |
22/27 |
2.2m | 99,216 | 110,991 | 111,475 | 111,959 | 112,443 | 112,927 | 110,991 | 110,991 | 110,991 | 111,370 | 118,077 | 21,331 | 27,356 | 38,162 | |
22 |
2.2m | 40,000 | 51,775 | 51,775 | 51,775 | 51,775 | 51,775 | 51,775 | 51,775 | 51,775 | 51,775 | 57,095 | 18,065 | 23,514 | 32,476 | |
23 |
873 | - | - | - | - | - | - | - | - | - | - | 1,008 | 2,128 | 1,799 | 2,739 | |
24 |
- | 59,216 | 59,216 | 59,700 | 60,184 | 60,668 | 61,152 | 59,216 | 59,216 | 59,216 | 59,595 | 59,974 | 1,138 | 2,043 | 2,947 | |
28 |
- | - | - | - | - | - | - | - | - | 200,000 | 200,000 | 200,000 | 200,000 | 278 | 200,992 | |
29/58 |
1.1m | 1.2m | 155,268 | 152,517 | 156,984 | 158,216 | 109,756 | 106,570 | 101,686 | 82,118 | 78,240 | 77,005 | 259,287 | 267,500 | 328,180 | |
3 |
24,455 | 24,455 | 24,455 | 24,455 | 24,455 | 24,455 | 39,609 | 39,609 | 35,829 | 18,455 | 15,955 | 15,955 | 25,955 | 39,455 | 44,963 | |
30/36 |
24,455 | 24,455 | 24,455 | 24,455 | 24,455 | 24,455 | 39,609 | 39,609 | 35,829 | 18,455 | 15,955 | 15,955 | 25,955 | 39,455 | 44,963 | |
40/41 |
1.0m | 1.1m | 130,791 | 128,056 | 132,522 | 130,791 | 67,604 | 66,442 | 65,358 | 62,903 | 53,126 | 58,758 | 233,033 | 225,831 | 281,313 | |
40 |
- | 74,400 | 74,400 | 74,400 | 74,400 | 71,900 | - | - | 3,560 | 3,560 | 13,312 | 14,277 | 205,937 | 160,063 | 110,399 | |
41 |
1.0m | 1.1m | 56,391 | 53,656 | 58,122 | 58,891 | 67,604 | 66,442 | 61,798 | 59,343 | 39,813 | 44,481 | 27,096 | 65,768 | 170,915 | |
54/58 |
14 | 1,833 | 23 | 6 | 6 | 2,970 | 2,543 | 47 | 36 | 306 | 6,408 | 620 | - | - | - | |
490/1 |
79,439 | 73,994 | - | - | - | - | - | 471 | 463 | 453 | 2,751 | 1,672 | 298 | 2,214 | 1,904 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
3.3m | 1.3m | 266,259 | 263,991 | 268,942 | 270,658 | 222,682 | 217,560 | 212,677 | 393,108 | 389,610 | 395,082 | 480,617 | 295,134 | 567,334 | |
10/15 |
766,404 | 881,270 | -114,164 | -102,730 | -65,736 | -66,035 | -100,383 | -93,252 | -95,743 | 98,970 | 84,368 | 75,000 | 64,077 | -115,995 | 167,285 | |
10/11 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 162,500 | |
10 |
62,500 | 62,500 | 62,500 | 62,500 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 162,500 | |
13 |
1.1m | 1.1m | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 5,477 | 5,009 | 4,615 | 4,615 | 4,615 | |
130/1 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | - | - | - | - | - | - | - | - | - | |
130 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | - | 6,250 | 6,250 | 6,250 | 6,250 | 5,477 | 5,009 | 4,615 | 4,615 | 4,615 | |
1312 |
- | - | - | - | - | 6,250 | - | - | - | - | - | - | - | - | - | |
132 |
1.1m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-358,231 | -243,365 | -182,914 | -171,480 | -134,486 | -134,785 | -169,133 | -162,002 | -164,493 | 30,220 | 16,391 | 7,491 | -3,037 | -183,110 | 171 | |
16 |
351,962 | 351,962 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
351,962 | 351,962 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
2.2m | 101,374 | 380,422 | 366,721 | 334,678 | 336,693 | 323,065 | 310,812 | 308,420 | 294,138 | 305,242 | 320,083 | 416,540 | 411,129 | 400,048 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 201,676 | 267,878 | 306,397 | 322,490 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 201,576 | 267,778 | 306,297 | 322,490 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | 100 | 100 | 100 | - | |
42/48 |
2.2m | 101,374 | 380,422 | 366,721 | 334,678 | 336,693 | 323,065 | 310,812 | 308,420 | 294,138 | 299,242 | 118,407 | 146,795 | 102,675 | 68,916 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | 22,094 | 30,607 | 21,383 | 33,568 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 13,160 | 10,349 | 352 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 9,424 | 10,349 | 352 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,736 | - | - | |
44 |
2.2m | 67,064 | 64,303 | 55,139 | 15,689 | 14,044 | - | 4,131 | 3,538 | - | 10,676 | 15,061 | 9,798 | 13,462 | 10,954 | |
440/4 |
2.2m | 67,064 | 64,303 | 55,139 | 15,689 | 14,044 | - | 4,131 | 3,538 | - | 10,676 | 15,061 | 2,880 | 13,462 | 10,954 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,918 | - | - | |
45 |
14,552 | 16,201 | 921 | 8 | 11,772 | 11,014 | - | 3,448 | 6,633 | 9,440 | 3,882 | 22,372 | 23,962 | 29,884 | 20,242 | |
450/3 |
14,552 | 16,201 | 921 | 8 | 11,772 | 11,014 | - | 3,448 | 6,633 | 9,440 | 3,882 | 22,372 | 23,962 | 29,884 | 20,242 | |
47/48 |
34,974 | 18,110 | 315,199 | 311,574 | 307,216 | 311,635 | 323,065 | 303,232 | 298,249 | 284,698 | 284,684 | 58,880 | 69,267 | 27,597 | 3,800 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 6,000 | - | 1,868 | 2,057 | 8,643 | |
| Income statement | ||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 2,301 | - | 200,143 | - | - | |
9900 |
-53,775 | 1.4m | 5,530 | 6,451 | 16,852 | 63,887 | 6,020 | 22,483 | 9,201 | 33,719 | 18,976 | 49,364 | 5,919 | 53,920 | 60,356 | |
630 |
126 | - | 484 | 484 | 484 | 484 | 484 | - | - | 379 | 2,007 | 8,553 | 7,616 | 15,806 | 16,202 | |
631/4 |
- | - | - | - | - | - | - | - | - | 5,508 | - | - | - | - | - | |
640/8 |
2,747 | 2,237 | 3,201 | 2,444 | 2,543 | 2,550 | 2,884 | 2,219 | 2,321 | 3,697 | 3,077 | 5,916 | 3,080 | 6,659 | 2,560 | |
66A |
58,216 | - | - | - | - | - | - | - | 3,330 | - | - | - | - | 200,000 | - | |
9901 |
-114,864 | 1.4m | 1,845 | 3,523 | 13,824 | 60,853 | 2,652 | 20,263 | 3,551 | 24,135 | 13,892 | 34,895 | -4,778 | 31,455 | 41,594 | |
75/76B |
- | - | 0 | - | - | - | - | - | - | 244 | 1,377 | 1,378 | 5,646 | 9,453 | 21,033 | |
75 |
- | - | 0 | - | - | - | - | - | - | 244 | 1,377 | 1,378 | 5,646 | 9,453 | 21,033 | |
65/66B |
2 | 37,498 | 12,818 | 40,057 | 12,767 | 15,038 | 12,070 | 9,299 | 200,051 | 121 | 5,716 | 23,704 | 20,697 | 15,460 | 16,410 | |
65 |
2 | 37,498 | 12,818 | 40,057 | 12,767 | 15,038 | 12,070 | 9,299 | 200,051 | 121 | 5,716 | 23,704 | 20,697 | 15,460 | 16,410 | |
9903 |
-114,866 | 1.3m | -10,973 | -36,534 | 1,057 | 45,815 | -9,418 | 10,965 | -196,501 | 24,257 | 11,855 | 12,569 | 180,315 | -174,552 | 46,217 | |
680 |
- | 351,962 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
0 | - | 460 | 460 | 758 | 11,466 | -2,286 | 8,473 | -1,787 | 9,655 | 2,487 | 242 | 242 | 8,729 | 15,900 | |
9904 |
-114,866 | 995,434 | -11,434 | -36,995 | 299 | 34,348 | -7,132 | 2,492 | -194,714 | 14,602 | 9,368 | 12,327 | 180,072 | -183,281 | 30,317 | |
689 |
- | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-114,866 | -60,451 | -11,434 | -36,995 | 299 | 34,348 | -7,132 | 2,492 | -194,714 | 14,602 | 9,368 | 12,327 | 180,072 | -183,281 | 30,317 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-358,231 | -243,365 | -182,914 | -171,480 | -134,486 | -134,785 | -169,133 | -162,002 | -164,493 | 30,993 | 16,859 | 7,885 | -3,037 | -183,110 | 4,186 | |
14P |
-243,365 | -182,914 | -171,480 | -134,486 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 773 | 468 | 394 | - | - | 1,516 | |
6920 |
- | - | - | - | - | - | - | - | - | 773 | 468 | 394 | - | - | 1,516 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | |
| Document | ||||||||||||||||
The accounts for 21 older financial years (1989-2009) were filed as documents without figures as data, scans for example.
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 30-09-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 61 days after the deadline. Filed on 30 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00522126.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00522126 | |
| 31-12-2023 | micro format | 02-12-2024 | 2024-00608228 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00498651 | |
| 31-12-2021 | micro format | 25-10-2022 | 2022-20471406 | |
| 31-12-2020 | micro format | 28-09-2021 | 2021-69000183 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37300475 | |
| 31-12-2018 | micro format | 14-10-2019 | 2019-70200031 | |
| 31-12-2017 | micro format | 01-10-2018 | 2018-67400005 | |
| 31-12-2016 | micro format | 09-08-2017 | 2017-42000226 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-54400102 | |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-23300347 | |
| 31-12-2013 | abbreviated format | 23-10-2014 | 2014-65500268 | |
| 31-12-2012 | abbreviated format | 30-09-2013 | 2013-60800318 | |
| 31-12-2011 | abbreviated format | 28-12-2012 | 2012-68300007 | |
| 31-12-2010 | abbreviated format | 11-07-2011 | 2011-28100343 | |
| 31-12-2009 | abbreviated format | 02-06-2010 | 2010-13700034 | |
| 31-12-2008 | abbreviated format | 29-05-2009 | 2009-15900098 | |
| 31-12-2007 | abbreviated format | 25-04-2008 | 2008-11400054 | |
| 31-12-2006 | abbreviated format | 27-07-2007 | 2007-46600293 | |
| 31-12-2005 | abbreviated format | 24-05-2006 | 2006-16100058 | |
| 31-12-2004 | abbreviated format | 17-06-2005 | 2005-26700106 | |
| 31-12-2003 | abbreviated format | 18-11-2004 | 2004-79200064 | |
| 31-12-2002 | abbreviated format | 19-09-2003 | 2003-67500045 | |
| 31-12-2001 | abbreviated format | 08-07-2002 | 2002-34200142 | |
| 31-12-2000 | abbreviated format | 05-09-2001 | 2001-53800055 | |
| 31-12-1999 | abbreviated format | 07-07-2000 | 2000-35500044 | |
| 31-12-1998 | abbreviated format | 28-10-1999 | 1999-55501875 | |
| 31-12-1997 | abbreviated format | 09-04-1998 | 1998-06404413 | |
| 31-12-1996 | abbreviated format | 26-06-1997 | 1997-20701687 | |
| 31-12-1995 | abbreviated format | 19-07-1996 | 1996-34900255 | |
| 31-12-1994 | abbreviated format | 19-07-1996 | 1996-34900241 | |
| 31-12-1993 | abbreviated format | 29-06-1995 | 1995-30901677 | |
| 31-12-1992 | abbreviated format | 18-10-1993 | 1993-40303766 | |
| 31-12-1991 | abbreviated format | 16-03-1993 | 1993-03603080 | |
| 31-12-1990 | abbreviated format | 16-03-1993 | 1993-03603093 | |
| 31-12-1989 | abbreviated format | 18-12-1991 | 1991-33001199 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -114,738 | - | 2,329 | 4,007 | 14,308 | 61,337 | 3,136 | - | - | 24,514 | 15,899 | 43,448 | 2,839 | 47,261 | 57,796 | ||
| -114,740 | - | -10,950 | -36,511 | 783 | 34,832 | -6,648 | - | - | 14,982 | 11,375 | 20,879 | 187,689 | -167,475 | 46,519 | ||
| 2.2m | - | 0 | 0 | 0 | 0 | 2,420 | - | - | 0 | -4,700 | 105,299 | 1,591 | 5,000 | 3,845 | ||
| -1,819 | 1,811 | 17 | -1 | -2,964 | 427 | 2,496 | 11 | -270 | -6,102 | 5,788 | - | - | - | - | ||
| -1.1m | 1.1m | -225,154 | -214,205 | -177,694 | -178,477 | -213,310 | -204,242 | -206,734 | -212,020 | -221,002 | -41,402 | 112,491 | 164,825 | 259,264 | ||
| 22.9% | 66.0% | -42.9% | -38.9% | -24.4% | -24.4% | -45.1% | -42.9% | -45.0% | 25.2% | 21.7% | 19.0% | 13.3% | -39.3% | 29.5% | ||
| 0.51 | 12.19 | 0.41 | 0.42 | 0.47 | 0.47 | 0.34 | 0.34 | 0.33 | 0.28 | 0.26 | 0.65 | 1.77 | 2.61 | 4.76 | ||
| 0.50 | 11.95 | 0.34 | 0.35 | 0.40 | 0.40 | 0.22 | 0.22 | 0.21 | 0.22 | 0.21 | 0.52 | 1.59 | 2.22 | 4.11 | ||
| 2.91 | 0.12 | - | - | - | - | - | - | - | 2.97 | 3.62 | 4.27 | 6.50 | - | 2.39 | ||
| -15.0% | 113.0% | - | - | - | - | - | - | - | 14.8% | 11.1% | 16.4% | 281.0% | - | 18.1% | ||
| -3.4% | 74.6% | -4.3% | -14.0% | 0.1% | 12.7% | -3.2% | 1.1% | -91.6% | 3.7% | 2.4% | 3.1% | 37.5% | -62.1% | 5.3% | ||
| -69538.39 | - | 0.18 | 0.10 | - | - | - | - | - | - | - | - | - | - | - |
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 | €2.2m | - | - | - |
| €126 | - | €484 | €484 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on FOR2
The operating result for 2024 is a loss of €114,864, after a profit of €1.4m in 2023. It is the lowest result since 2010.
Debt's share of the balance-sheet total rises from 7.6% to 66.6%. Equity is lower and debt is higher.