I - ENGINEERING
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 11 days after the deadline Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395104.
Annual accounts 2025 filed on 11-08-2026 at the NBB all 27 filings
Turnover
€4,615▼ 78.2%
2024 · €21,199
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€32,000
2024 · €3,298
Working capital
-€158,855▼ 24.9%
2024 · -€127,215
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €31,400, after a profit of €3,760 in 2024. It is the lowest result since 2021.
Turnover€4,615
2025
Operating result-€31,400
2025
Net result-€32,000
2025
Total assets€858,966
2025
Equity€6,348
2025
Debt€852,618
2025
Working capital-€158,855
2025
Return on assets (ROA)-3.7%
2025
Solvency0.7%
2025
Current ratio0.71
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€6,279-€6,300▲ 0.3%€68,175▲ 982%€12,050▼ 82.3%€5,641▼ 53.2%€19,120▲ 239%€21,199▲ 10.9%€4,615▼ 78.2%
Operating result-€35,113--€17,810▲ 49.3%€55,372€1,336▼ 97.6%-€7,543€2,087€3,760▲ 80.2%-€31,400
Net result-€35,600--€18,016▲ 49.4%€55,137above the sector's middle half€1,049within the sector's middle half▼ 98.1%-€7,892below the sector's middle half€1,669within the sector's middle half€3,298within the sector's middle half▲ 97.6%-€32,000below the sector's middle half
Equity€3,103--€14,913€40,224within the sector's middle half€41,273within the sector's middle half▲ 2.6%€33,381within the sector's middle half▼ 19.1%€35,050within the sector's middle half▲ 5.0%€38,348within the sector's middle half▲ 9.4%€6,348within the sector's middle half▼ 83.4%
Total assets€666,667-€648,430▼ 2.7%€704,915above the sector's middle half▲ 8.7%€798,960above the sector's middle half▲ 13.3%€823,363above the sector's middle half▲ 3.1%€826,173above the sector's middle half▲ 0.3%€838,506above the sector's middle half▲ 1.5%€858,966above the sector's middle half▲ 2.4%
Debt€663,564-€663,342=€664,691▲ 0.2%€757,687▲ 14.0%€789,982▲ 4.3%€791,123▲ 0.1%€800,158▲ 1.1%€852,618▲ 6.6%
Working capital-€135,695--€144,400▼ 6.4%-€88,942below the sector's middle half▲ 38.4%-€126,012below the sector's middle half▼ 41.7%-€133,223below the sector's middle half▼ 5.7%-€130,873below the sector's middle half▲ 1.8%-€127,215below the sector's middle half▲ 2.8%-€158,855below the sector's middle half▼ 24.9%
Solvency0.5%--2.3%▼ 2.8pp5.7%within the sector's middle half▲ 8.0pp5.2%below the sector's middle half▼ 0.5pp4.1%below the sector's middle half▼ 1.1pp4.2%below the sector's middle half▲ 0.2pp4.6%within the sector's middle half▲ 0.3pp0.7%below the sector's middle half▼ 3.8pp
Current ratio0.57-0.54▼ 0.030.72below the sector's middle half▲ 0.180.72below the sector's middle half=0.72below the sector's middle half=0.73below the sector's middle half▲ 0.010.74below the sector's middle half▲ 0.010.71below the sector's middle half▼ 0.03
Return on assets (ROA)-5.3%--2.8%▲ 2.6pp7.8%within the sector's middle half▲ 10.6pp0.1%within the sector's middle half▼ 7.7pp-1.0%within the sector's middle half▼ 1.1pp0.2%within the sector's middle half▲ 1.2pp0.4%within the sector's middle half▲ 0.2pp-3.7%below the sector's middle half▼ 4.1pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €858,966
Fixed assets
€475,342 ▼ 0.1%
Current assets
€383,624 ▲ 5.7%
Equity and liabilities €858,966
Equity
€6,348 ▼ 83.4%
Debt
€852,618 ▲ 6.6%
Debt's share of the balance-sheet total rises from 95.4% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€31,040▼
2024 · €4,120
Cash flow
-€31,640▼
2024 · €3,658
ROE
-504.1%▼
2024 · 8.6%
Interest coverage
-67.91▼
2024 · 12.83
Debt ≤ 1 year
€542,479▲
2024 · €490,019
Debt > 1 year
€310,139=
2024 · €310,139
Income taxes
€143▼
2024 · €144
Customer credit
6069 days▲
2024 · 1515 days
Supplier credit
75 days▼
2024 · 91 days
A ratio outside any meaningful range has been withheld (balance sheet total €858,966, equity €6,348).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,800 | - | - | - | - |
| Depreciation and write-downs of the year | €681 | €681 | €681 | €360 | €360 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €6,279 | €6,300 | €68,175 | €12,050 | €5,641 | €19,120 | €21,199 | €4,615 | ▼ 78.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €12,668 | €15,243 | €20,844 | €18,819 | €38,214 | ▲ 103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,450 | €9,310 | €321 | €681 | €681 | €681 | €360 | €360 | = |
| Other operating charges640/8 | - | - | - | €900 | €342 | €625 | €1,636 | €817 | ▼ 50.1% |
| Gross operating margin9900 | -€6,791 | -€7,604 | €56,734 | €2,917 | -€6,520 | €3,393 | €5,757 | -€30,223 | - |
| Operating profit (loss)9901 | -€35,113 | -€17,810 | €55,372 | €1,336 | -€7,543 | €2,087 | €3,760 | -€31,400 | - |
| Financial income75/76B | - | - | - | - | €4 | - | €3 | - | - |
| Recurring financial income75 | €4 | €0 | - | - | €4 | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €225 | €248 | €280 | €321 | €457 | ▲ 42.3% |
| Recurring financial charges65 | €449 | €179 | €214 | €225 | €248 | €280 | €321 | €457 | ▲ 42.3% |
| Profit (loss) for the period before taxes9903 | -€35,557 | -€17,989 | €55,159 | €1,111 | -€7,788 | €1,807 | €3,442 | -€31,857 | - |
| Income taxes67/77 | €43 | €27 | €22 | €62 | €105 | €138 | €144 | €143 | ▼ 0.2% |
| Profit (loss) for the period9904 | -€35,600 | -€18,016 | €55,137 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,600 | -€18,016 | €55,137 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €666,667 | €648,430 | €704,915 | €798,960 | €823,363 | €826,173 | €838,506 | €858,966 | ▲ 2.4% |
| Fixed assets21/28 | €485,937 | €476,627 | €476,306 | €477,424 | €476,743 | €476,062 | €475,702 | €475,342 | ▼ 0.1% |
| Tangible fixed assets22/27 | €10,595 | €1,285 | €964 | €2,082 | €1,401 | €720 | €360 | - | - |
| Plant, machinery and equipment23 | - | - | - | €207 | €103 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,876 | €1,298 | €720 | €360 | - | - |
| Financial fixed assets28 | €475,342 | €475,342 | €475,342 | €475,342 | €475,342 | €475,342 | €475,342 | €475,342 | = |
| Current assets29/58 | €180,730 | €171,803 | €228,609 | €321,536 | €346,620 | €350,111 | €362,804 | €383,624 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €180,686 | €171,410 | €227,918 | €321,110 | €345,485 | €348,838 | €362,446 | €382,047 | ▲ 5.4% |
| Trade receivables40 | - | - | - | €85,018 | €77,394 | €85,681 | €87,971 | €76,728 | ▼ 12.8% |
| Other amounts receivable41 | - | - | - | €236,092 | €268,091 | €263,158 | €274,475 | €305,319 | ▲ 11.2% |
| Cash at bank and in hand54/58 | €44 | €393 | €429 | €426 | €1,135 | €1,272 | €358 | €1,576 | ▲ 340% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €666,667 | €648,430 | €704,915 | €798,960 | €823,363 | €826,173 | €838,506 | €858,966 | ▲ 2.4% |
| Equity10/15 | €3,103 | -€14,913 | €40,224 | €41,273 | €33,381 | €35,050 | €38,348 | €6,348 | ▼ 83.4% |
| Contributions10/11 | €435,071 | €435,071 | €435,071 | €435,071 | €435,071 | €435,071 | €435,071 | €435,071 | = |
| Capital10 | - | - | - | €435,071 | €435,071 | €435,071 | - | - | - |
| Issued capital100 | - | - | - | €435,071 | €435,071 | €435,071 | - | - | - |
| Revaluation surpluses12 | - | - | - | €215,000 | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Profit (loss) carried forward14 | -€646,967 | -€664,983 | -€609,847 | -€608,798 | -€616,690 | -€615,021 | -€611,723 | -€643,723 | ▼ 5.2% |
| Amounts payable17/49 | €663,564 | €663,342 | €664,691 | €757,687 | €789,982 | €791,123 | €800,158 | €852,618 | ▲ 6.6% |
| Amounts payable after more than one year17 | €347,139 | €347,139 | €347,139 | €310,139 | €310,139 | €310,139 | €310,139 | €310,139 | = |
| Financial debts170/4 | - | - | - | €310,139 | €310,139 | €310,139 | €310,139 | €310,139 | = |
| Amounts payable within one year42/48 | €316,424 | €316,203 | €317,551 | €447,548 | €479,843 | €480,984 | €490,019 | €542,479 | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Trade debts44 | €355 | €357 | €40 | €649 | €657 | €4,599 | €4,679 | €7,834 | ▲ 67.4% |
| Suppliers440/4 | - | - | - | €649 | €657 | €4,599 | €4,679 | €7,834 | ▲ 67.4% |
| Taxes, remuneration and social security45 | - | - | - | €5,760 | €5,848 | €5,026 | €5,363 | €4,295 | ▼ 19.9% |
| Taxes450/3 | - | - | - | €2,151 | €2,296 | €1,474 | €1,811 | €743 | ▼ 59.0% |
| Remuneration and social security454/9 | - | - | - | €3,609 | €3,552 | €3,552 | €3,552 | €3,552 | = |
| Other amounts payable47/48 | - | - | - | €427,138 | €459,338 | €457,359 | €465,977 | €516,350 | ▲ 10.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,600 | -€18,016 | €55,137 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | - |
| + Depreciation and write-downs630 | €9,450 | €9,310 | €321 | €681 | €681 | €681 | €360 | €360 | = |
| Operating cash flow (approximation) | -€26,150 | -€8,706 | €55,458 | €1,730 | -€7,211 | €2,350 | €3,658 | -€31,640 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,800 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €349 | €36 | -€3 | €709 | €137 | -€914 | €1,218 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-08-2026 | 2026-00395104 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00389359 | |
| 31-12-2023 | micro format | 10-09-2024 | 2024-00458434 | |
| 31-12-2022 | micro format | 03-10-2023 | 2023-00478425 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20421956 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55500435 | |
| 31-12-2019 | micro format | 25-09-2020 | 2020-55700339 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60100209 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67000037 | |
| 31-12-2016 | micro format | 16-03-2018 | 2018-07100149 |