FRED SOLUTION
Annual accounts 2025
micro format, filed on 23-06-2026, 38 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 ≈ €130,000. Estimated: probably between €95,000 and €160,000.
Balance sheet
balance sheet total €117,453 on 31-12-2025in euro
in euro
Position in the sector
2.1%
Higher than 10% of 39,364 companies in 2025.
0.65
Higher than 14% of 38,048 companies in 2025.
29.6%
Higher than 71% of 38,520 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · 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 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
117,453 | 79,418 | 56,868 | 37,841 | 26,232 | 2,362 | |
21/28 |
42,773 | 8,411 | - | - | - | - | |
22/27 |
42,773 | 8,411 | - | - | - | - | |
23 |
9,527 | - | - | - | - | - | |
24 |
33,246 | 8,411 | - | - | - | - | |
29/58 |
74,680 | 71,007 | 56,868 | 37,841 | 26,232 | 2,362 | |
40/41 |
38,755 | 27,883 | 19,644 | 8,591 | 8,591 | 214 | |
40 |
38,755 | 27,880 | 19,641 | 8,591 | 8,591 | - | |
41 |
- | 3 | 3 | - | - | 214 | |
54/58 |
35,777 | 43,125 | 37,225 | 29,250 | 17,641 | 2,148 | |
490/1 |
148 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
117,453 | 79,418 | 56,868 | 37,841 | 26,232 | 2,362 | |
10/15 |
2,500 | 31,517 | 39,454 | 20,883 | 12,884 | 1,392 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
14 |
- | 29,017 | 36,954 | 18,383 | 10,384 | -1,108 | |
17/49 |
114,953 | 47,901 | 17,414 | 16,957 | 13,348 | 970 | |
42/48 |
114,953 | 47,901 | 17,414 | 16,957 | 13,348 | 970 | |
44 |
1,022 | 168 | 1,819 | 1,722 | 1,987 | 970 | |
440/4 |
1,022 | 168 | 1,819 | 1,722 | 1,987 | 970 | |
45 |
14,797 | 13,365 | 14,539 | 14,220 | 10,111 | - | |
450/3 |
11,894 | 10,502 | 11,723 | 11,467 | 7,383 | - | |
454/9 |
2,903 | 2,863 | 2,816 | 2,753 | 2,728 | - | |
47/48 |
99,134 | 34,367 | 1,057 | 1,015 | 1,250 | - | |
| Income statement | |||||||
9900 |
61,692 | 41,738 | 24,926 | 12,072 | 15,372 | -1,108 | |
62 |
- | 1,028 | - | - | - | - | |
630 |
14,818 | 1,589 | - | - | - | - | |
640/8 |
1,751 | 387 | 715 | 348 | 695 | - | |
9901 |
45,123 | 38,733 | 24,211 | 11,725 | 14,677 | -1,108 | |
75/76B |
- | - | - | 0 | - | - | |
75 |
- | - | - | 0 | - | - | |
65/66B |
175 | 138 | 128 | 138 | - | - | |
65 |
175 | 138 | 128 | 138 | - | - | |
9903 |
44,948 | 38,595 | 24,084 | 11,587 | 14,677 | -1,108 | |
67/77 |
10,140 | 8,719 | 5,513 | 2,787 | 3,186 | - | |
9904 |
34,808 | 29,876 | 18,571 | 8,799 | 11,492 | -1,108 | |
9905 |
34,808 | 29,876 | 18,571 | 8,799 | 11,492 | -1,108 | |
| Appropriation of the result | |||||||
9906 |
63,825 | 66,830 | 36,954 | 19,183 | 10,384 | -1,108 | |
14P |
29,017 | 36,954 | 18,383 | 10,384 | -1,108 | - | |
694/7 |
63,825 | 37,813 | - | 800 | - | - | |
694 |
63,825 | 37,813 | - | 800 | - | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
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 | micro format | 23-06-2026 | 2026-00188127 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00323062 | |
| 31-12-2023 | micro format | 13-06-2024 | 2024-00125892 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00113302 | |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20061760 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-34700402 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 59,941 | 40,322 | - | - | - | - | ||
| 49,626 | 31,465 | - | - | - | - | ||
| 49,180 | 10,000 | - | - | - | - | ||
| -7,347 | 5,900 | 7,975 | 11,609 | 15,493 | - | ||
| -40,273 | 23,106 | 39,454 | 20,883 | 12,884 | 1,392 | ||
| 2.1% | 39.7% | 69.4% | 55.2% | 49.1% | - | ||
| 0.65 | 1.48 | 3.27 | 2.23 | 1.97 | - | ||
| 45.98 | 1.52 | 0.44 | 0.81 | 1.04 | - | ||
| - | 94.8% | 47.1% | 42.1% | 89.2% | - | ||
| 29.6% | 37.6% | 32.7% | 23.3% | 43.8% | - | ||
| over 100 | over 100 | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €117,453, equity €2,500).
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 | €49,180 | €10,000 | - | - | - |
| €14,818 | €1,589 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FRED SOLUTION
The operating result for 2025 is 16% higher than in 2024 and the highest since 2020. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 60.3% to 97.9%. Equity is lower and debt is higher.