IDEFIX
InactiveFinancials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€56,697
2024 · €18,153
Working capital
-€38,355
2024 · €28,998
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €56,378 after €18,382 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€56,378
2025
Net result-€56,697
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€127,381
2025
Equity€11,184
2025
Debt€116,197
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€38,355
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)6.6
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€479-€648▲ 35.3%-€6,502€3,416-€24,442€18,382-€56,378
Net result€171-€626▲ 267%-€6,531€3,239-€24,652€18,153-€56,697
Equity€77,045-€77,671▲ 0.8%€71,140▼ 8.4%€74,379▲ 4.6%€49,728▼ 33.1%€67,881▲ 36.5%€11,184▼ 83.5%
Total assets€134,844-€131,266▼ 2.7%€141,761▲ 8.0%€160,603▲ 13.3%€128,749▼ 19.8%€165,853▲ 28.8%€127,381▼ 23.2%
Debt€57,798-€53,595▼ 7.3%€70,621▲ 31.8%€86,223▲ 22.1%€79,022▼ 8.4%€97,972▲ 24.0%€116,197▲ 18.6%
Working capital€69,771-€71,526▲ 2.5%€66,650▼ 6.8%€69,495▲ 4.3%€42,349▼ 39.1%€28,998▼ 31.5%-€38,355
Staff (FTE)6.4-6.47.2▲ 12.5%7▼ 2.8%6.6
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127,381
Fixed assets
€49,539 ▲ 27.4%
Current assets
€77,842 ▼ 38.7%
Equity and liabilities €127,381
Equity
€11,184 ▼ 83.5%
Debt
€116,197 ▲ 18.6%
Debt's share of the balance-sheet total rises from 59.1% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€52,783▼
2024 · €21,310
Cash flow
-€53,102▼
2024 · €21,081
Current ratio
0.67▼
2024 · 1.30
Debt to equity
10.39▲
2024 · 1.44
ROE
-507.0%▼
2024 · 26.7%
ROA
-44.5%▼
2024 · 10.9%
Interest coverage
-165.44▼
2024 · 93.14
Debt ≤ 1 year
€116,197▲
2024 · €97,972
Staff costs
€455,939▲
2024 · €369,816
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €2,372 | - |
| Remuneration, social security and pensions62 | - | - | €340,349 | €336,551 | €369,812 | €369,816 | €455,939 | ▲ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,801 | €1,801 | €1,654 | €1,290 | €1,070 | €2,928 | €3,595 | ▲ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €691 | - | -€415 | -€82 | €257 | - |
| Other operating charges640/8 | - | - | €312 | €157 | - | €519 | - | - |
| Gross operating margin9900 | €297,106 | €299,488 | €336,505 | €341,414 | €346,024 | €391,564 | €403,413 | ▲ 3.0% |
| Operating profit (loss)9901 | €479 | €648 | -€6,502 | €3,416 | -€24,442 | €18,382 | -€56,378 | - |
| Financial income75/76B | - | - | - | €0 | €0 | - | - | - |
| Recurring financial income75 | €43 | - | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | €29 | €177 | €210 | €229 | €319 | ▲ 39.4% |
| Recurring financial charges65 | €352 | €22 | €29 | €177 | €210 | €229 | €319 | ▲ 39.4% |
| Profit (loss) for the period before taxes9903 | €171 | €626 | -€6,531 | €3,239 | -€24,652 | €18,153 | -€56,697 | - |
| Profit (loss) for the period9904 | €171 | €626 | -€6,531 | €3,239 | -€24,652 | €18,153 | -€56,697 | - |
| Profit (loss) for the period to be appropriated9905 | €171 | €626 | -€6,531 | €3,239 | -€24,652 | €18,153 | -€56,697 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €134,844 | €131,266 | €141,761 | €160,603 | €128,749 | €165,853 | €127,381 | ▼ 23.2% |
| Fixed assets21/28 | €7,274 | €6,145 | €4,491 | €4,884 | €7,378 | €38,883 | €49,539 | ▲ 27.4% |
| Tangible fixed assets22/27 | €7,274 | €6,145 | €4,491 | €4,884 | €7,378 | €38,883 | €49,539 | ▲ 27.4% |
| Land and buildings22 | - | - | €2,462 | €1,691 | €958 | €35,022 | €33,334 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | €1,298 | €2,620 | €5,847 | €3,861 | €16,204 | ▲ 320% |
| Furniture and vehicles24 | - | - | €731 | €573 | €573 | - | - | - |
| Current assets29/58 | €127,569 | €125,122 | €137,270 | €155,719 | €121,371 | €126,970 | €77,842 | ▼ 38.7% |
| Amounts receivable within one year40/41 | €30,740 | €108,759 | €124,107 | €19,204 | €26,020 | €50,193 | €28,675 | ▼ 42.9% |
| Trade receivables40 | - | - | €108,893 | €9,006 | €11,878 | €10,539 | €13,158 | ▲ 24.9% |
| Other amounts receivable41 | - | - | €15,214 | €10,199 | €14,142 | €39,654 | €15,517 | ▼ 60.9% |
| Current investments50/53 | - | - | - | - | - | €76,777 | €49,167 | ▼ 36.0% |
| Cash at bank and in hand54/58 | €96,830 | €16,363 | €13,163 | €136,515 | €95,351 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €134,844 | €131,266 | €141,761 | €160,603 | €128,749 | €165,853 | €127,381 | ▼ 23.2% |
| Equity10/15 | €77,045 | €77,671 | €71,140 | €74,379 | €49,728 | €67,881 | €11,184 | ▼ 83.5% |
| Contributions10/11 | - | - | - | €65,832 | €65,832 | €65,832 | €65,832 | = |
| Capital10 | - | - | - | €65,832 | €65,832 | €65,832 | €65,832 | = |
| Profit (loss) carried forward14 | €11,214 | €11,840 | €5,308 | €8,548 | -€16,104 | €2,049 | -€54,648 | - |
| Amounts payable17/49 | €57,798 | €53,595 | €70,621 | €86,223 | €79,022 | €97,972 | €116,197 | ▲ 18.6% |
| Amounts payable within one year42/48 | €57,798 | €53,595 | €70,621 | €86,223 | €79,022 | €97,972 | €116,197 | ▲ 18.6% |
| Trade debts44 | €29,775 | €17,539 | €30,990 | €41,095 | €36,581 | €52,208 | €36,145 | ▼ 30.8% |
| Suppliers440/4 | - | - | €30,990 | €41,095 | €36,581 | €52,208 | €36,145 | ▼ 30.8% |
| Taxes, remuneration and social security45 | - | - | €31,286 | €35,709 | €33,080 | €37,262 | €71,191 | ▲ 91.1% |
| Taxes450/3 | - | - | - | - | - | - | €12,613 | - |
| Remuneration and social security454/9 | - | - | €31,286 | €35,709 | €33,080 | €37,262 | €58,579 | ▲ 57.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €171 | €626 | -€6,531 | €3,239 | -€24,652 | €18,153 | -€56,697 | - |
| + Depreciation and write-downs630 | €1,801 | €1,801 | €1,654 | €1,290 | €1,070 | €2,928 | €3,595 | ▲ 22.8% |
| Operating cash flow (approximation) | €1,971 | €2,427 | -€4,877 | €4,529 | -€23,582 | €21,081 | -€53,102 | - |
| Investment in fixed assets (approximation) | - | -€671 | €0 | -€1,683 | -€3,564 | -€34,433 | -€14,251 | ▲ 58.6% |
| Change in cash | - | -€80,467 | -€3,200 | €123,352 | -€41,164 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00269638 |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00182008 |
| 31-12-2023 | abbreviated format | 05-07-2024 | 2024-00227698 |
| 31-12-2022 | abbreviated format | 18-07-2023 | 2023-00251206 |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20275467 |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-43000274 |
| 31-12-2019 | abbreviated format | 23-07-2020 | 2020-33400333 |
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €1.3m awarded · €1.3m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €380,013 | €380,013 |
| 2024 | 2 | €343,077 | €343,077 |
| 2023 | 3 | €316,556 | €316,556 |
| 2022 | 2 | €307,423 | €307,423 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.