Turnover—
EBIT margin—
Net result€-9k
Working capital€18k-10.4%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 15-12-2025 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027 — assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 93 · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.5% | 17.1% | |
| Net result | €-9k | €4k | |
| Equity | €7k | €16k | |
| Gross operating margin | €-2k | €21k | |
| Total assets | €46k | €149k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-6k
—
-140% vs sector
€-9k
—
-163% vs sector
€-7k
—
-128% vs sector
€46k
+1.1%
-67% vs sector
€7k
-57.9%
-90% vs sector
€18k
-10.4%
-70% vs sector
€207
-58.8%
23–25
€143
-86.8%
-98% vs sector
€40k
+32.7%
-29% vs sector
€21k
-2.1%
-62% vs sector
€17k
+112.5%
-11% vs sector
1.82
-4.0%
-30% vs sector
1.22
-0.7%
-53% vs sector
14.5%
-58.3%
-77% vs sector
5.87
+214.8%
+916% vs sector
-137.3%
—
-273% vs sector
-20.0%
—
-159% vs sector
-3.45
—
-104% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | — |
| EBITDA | €-6k |
| Net profit | €-9k |
| Cash flow | €-7k |
| Staff costs | €207 |
| Income taxes | €143 |
| Dividends | — |
| Total assets | €46k |
| Equity | €7k |
| Debt | €40k |
| of which ≤ 1y | €21k |
| of which > 1y | €17k |
| Working capital | €18k |
| Employees (FTE) | — |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.82 |
| Quick ratio | 1.22 |
| Working capital ratio | 38.0% |
| Solvency | 14.5% |
| Debt / equity | 5.87 |
| Long-term debt ratio | 2.52 |
| Interest coverage | -3.45 |
| Gross margin | — |
| Net margin | — |
| ROA | -20.0% |
| ROE | -137.3% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €46k |
| Fixed assets | 21/28 | €7k |
| Formation expenses | 20 | €0 |
| Intangible fixed assets | 21 | €4k |
| Tangible fixed assets | 22/27 | €4k |
| Current assets | 29/58 | €39k |
| Stocks & contracts in progress | 3 | €13k |
| Amounts receivable within one year | 40/41 | €10k |
| Cash & bank | 54/58 | €15k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €46k |
| Equity | 10/15 | €7k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €12k |
| Accumulated profits (losses) | 14 | €-9k |
| Amounts payable | 17/49 | €40k |
| Amounts payable after one year | 17 | €17k |
| Amounts payable within one year | 42/48 | €21k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-2k |
| Operating result | 9901 | €-7k |
| Financial income | 75 | €26 |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-9k |
| Income taxes | 67/77 | €143 |
| Net result for the period | 9904 | €-9k |
| Result to be appropriated | 9905 | €-9k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed32
/ 100
Weak
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.