FORWARD
Dissolved and wound up on 13-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 3 filings
Equity
-€15,295▼ 96.0%
2024 · -€7,803
Total assets
€2,831▼ 58.2%
2024 · €6,780
Net result
-€7,492▲ 27.1%
2024 · -€10,272
Working capital
-€12,045▼ 47.7%
2024 · -€8,155
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€7,667
▲ 25.0%
2025
20232025
Net result
-€7,492
▲ 27.1%
2025
20232025
Equity
-€15,295
▼ 96.0%
2025
20232025
Total assets
€2,831
▼ 58.2%
2025
20232025
Debt
€14,876
▲ 2.0%
2025
20232025
Working capital
-€12,045
▼ 47.7%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€1,672--€10,223-€7,667▲ 25.0%
Net result€1,760--€10,272-€7,492▲ 27.1%
Equity€2,469--€7,803-€15,295▼ 96.0%
Total assets€18,228-€6,780▼ 62.8%€2,831▼ 58.2%
Debt€15,759-€14,583▼ 7.5%€14,876▲ 2.0%
Working capital-€258--€8,155▼ 3,066%-€12,045▼ 47.7%
The operating result for 2025 is a loss of €7,667, smaller than the loss of €10,223 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
EBITDA
-€7,316▲
2024 · -€7,848
Cash flow
-€7,141▲
2024 · -€7,897
Interest coverage
-41.91▼
2024 · -17.18
Debt ≤ 1 year
€14,876▲
2024 · €14,583
The ratios are withheld because a balance sheet total of €2,831 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,375 | €2,375 | €351 | ▼ 85.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €3,250 | - |
| Other operating charges640/8 | €468 | €591 | €1,441 | ▲ 144% |
| Gross operating margin9900 | €4,515 | -€7,257 | -€2,625 | ▲ 63.8% |
| Operating profit (loss)9901 | €1,672 | -€10,223 | -€7,667 | ▲ 25.0% |
| Financial income75/76B | €99 | €408 | €350 | ▼ 14.1% |
| Recurring financial income75 | €99 | €408 | €350 | ▼ 14.1% |
| Non-recurring financial income76B | - | - | €350 | - |
| Financial charges65/66B | €12 | €457 | €175 | ▼ 61.8% |
| Recurring financial charges65 | €12 | €457 | €175 | ▼ 61.8% |
| Profit (loss) for the period before taxes9903 | €1,760 | -€10,272 | -€7,492 | ▲ 27.1% |
| Profit (loss) for the period9904 | €1,760 | -€10,272 | -€7,492 | ▲ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €1,760 | -€10,272 | -€7,492 | ▲ 27.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €18,228 | €6,780 | €2,831 | ▼ 58.2% |
| Fixed assets21/28 | €2,726 | €351 | - | - |
| Tangible fixed assets22/27 | €2,726 | €351 | - | - |
| Furniture and vehicles24 | €2,726 | €351 | - | - |
| Current assets29/58 | €15,501 | €6,428 | €2,831 | ▼ 56.0% |
| Amounts receivable within one year40/41 | €8,106 | €1,948 | €364 | ▼ 81.3% |
| Trade receivables40 | €6,051 | €1,780 | - | - |
| Other amounts receivable41 | €2,054 | €168 | €364 | ▲ 117% |
| Cash at bank and in hand54/58 | €7,194 | €4,481 | €2,467 | ▼ 44.9% |
| Deferred charges and accrued income490/1 | €202 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €18,228 | €6,780 | €2,831 | ▼ 58.2% |
| Equity10/15 | €2,469 | -€7,803 | -€15,295 | ▼ 96.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€2,531 | -€12,803 | -€20,295 | ▼ 58.5% |
| Provisions and deferred taxes16 | - | - | €3,250 | - |
| Provisions for liabilities and charges160/5 | - | - | €3,250 | - |
| Other liabilities and charges164/5 | - | - | €3,250 | - |
| Amounts payable17/49 | €15,759 | €14,583 | €14,876 | ▲ 2.0% |
| Amounts payable within one year42/48 | €15,759 | €14,583 | €14,876 | ▲ 2.0% |
| Trade debts44 | €2,635 | €774 | €558 | ▼ 28.0% |
| Suppliers440/4 | €2,635 | €774 | €558 | ▼ 28.0% |
| Other amounts payable47/48 | €13,124 | €13,809 | €14,319 | ▲ 3.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,760 | -€10,272 | -€7,492 | ▲ 27.1% |
| + Depreciation and write-downs630 | €2,375 | €2,375 | €351 | ▼ 85.2% |
| Operating cash flow (approximation) | €4,135 | -€7,897 | -€7,141 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€2,713 | -€2,014 | ▲ 25.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.