Frédéric Nolf
Annual accounts 2025
micro format, filed on 29-08-2026, 29 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €408,556 on 31-12-2025in euro
in euro
Position in the sector
21.5%
Higher than 24% of 41,246 companies in 2025.
0.90
Higher than 21% of 39,815 companies in 2025.
20.3%
Higher than 60% of 40,336 companies in 2025.
Net result: top quarter · Equity: middle half · 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 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
408,556 | 549,672 | 206,150 | 94,367 | |
21/28 |
124,178 | 64,199 | 101,912 | 33,041 | |
22/27 |
124,178 | 64,199 | 101,912 | 33,041 | |
23 |
67,500 | - | - | - | |
24 |
10,538 | 11,795 | 50,157 | 5,118 | |
26 |
46,140 | 52,405 | 51,755 | 27,923 | |
29/58 |
284,378 | 485,473 | 104,238 | 61,326 | |
3 |
456 | 456 | 1,044 | 1,390 | |
30/36 |
456 | 456 | 1,044 | 1,390 | |
40/41 |
140,033 | 9,375 | 49,130 | 36,130 | |
40 |
140,033 | 9,375 | 49,130 | 36,130 | |
54/58 |
141,210 | 473,114 | 52,918 | 23,806 | |
490/1 |
2,680 | 2,528 | 1,146 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
408,556 | 549,672 | 206,150 | 94,367 | |
10/15 |
87,851 | 205,002 | 55,880 | 29,005 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
14 |
85,851 | 203,002 | 53,880 | 27,005 | |
17/49 |
320,705 | 344,670 | 150,270 | 65,362 | |
42/48 |
315,095 | 125,958 | 134,409 | 60,483 | |
44 |
58,539 | 30,359 | 42,491 | 25,171 | |
440/4 |
58,539 | 30,359 | 42,491 | 25,171 | |
45 |
33,385 | 63,515 | 43,998 | 35,312 | |
450/3 |
29,838 | 62,254 | 34,850 | 26,760 | |
454/9 |
3,547 | 1,261 | 9,148 | 8,552 | |
47/48 |
223,170 | 32,085 | 47,920 | - | |
492/3 |
5,611 | 218,712 | 15,861 | 4,879 | |
| Income statement | |||||
70 |
- | - | 446,743 | 154,020 | |
9900 |
124,241 | 220,391 | 59,884 | 35,382 | |
60/61 |
- | - | 391,045 | 119,392 | |
62 |
- | 110 | - | - | |
630 |
17,338 | 8,457 | 12,211 | 603 | |
640/8 |
306 | 977 | 971 | 30 | |
66A |
- | 3,068 | 8,009 | - | |
9901 |
106,598 | 207,780 | 38,693 | 34,749 | |
75/76B |
3,876 | 683 | 58 | - | |
75 |
3,876 | 683 | 58 | - | |
65/66B |
775 | 12,390 | 78 | 14 | |
65 |
775 | 255 | 78 | 14 | |
66B |
- | 12,135 | - | - | |
9903 |
109,699 | 196,072 | 38,673 | 34,735 | |
67/77 |
26,850 | 46,951 | 11,798 | 7,730 | |
9904 |
82,849 | 149,121 | 26,875 | 27,005 | |
9905 |
82,849 | 149,121 | 26,875 | 27,005 | |
| Appropriation of the result | |||||
9906 |
285,851 | 203,002 | 53,880 | 27,005 | |
14P |
203,002 | 53,880 | 27,005 | - | |
694/7 |
200,000 | - | - | - | |
694 |
200,000 | - | - | - | |
| 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 29-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450148.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 123,936 | 216,237 | 50,904 | 35,352 | ||
| 100,187 | 157,579 | 39,086 | 27,608 | ||
| 77,316 | 10,566 | 85,447 | 33,644 | ||
| -331,904 | 420,196 | 29,112 | - | ||
| -30,716 | 359,514 | -30,171 | 843 | ||
| - | - | 8.7% | 22.6% | ||
| 21.5% | 37.3% | 27.1% | 30.7% | ||
| 0.90 | 3.85 | 0.78 | 1.01 | ||
| 0.90 | 3.85 | 0.77 | 0.99 | ||
| 3.65 | 1.68 | 2.69 | 2.25 | ||
| 94.3% | 72.7% | 48.1% | 93.1% | ||
| 20.3% | 27.1% | 13.0% | 28.6% | ||
| over 100 | over 100 | over 100 | over 100 | ||
| - | - | 40 days | 86 days | ||
| - | - | 40 days | 77 days |
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 |
|---|---|---|---|---|
| Tangible fixed assets | €77,316 | €10,566 | €85,447 | €33,644 |
| €17,338 | €8,457 | €12,211 | €603 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Frédéric Nolf
The operating result for 2025 is 49% lower than in 2024.
Debt's share of the balance-sheet total rises from 62.7% to 78.5%. Equity and debt are lower.