IGLU CODE
Annual accounts 2025
micro format, filed on 16-07-2026, 15 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 €110,000 and €160,000.
Balance sheet
balance sheet total €121,928 on 31-12-2025in euro
in euro
Position in the sector
20.7%
Higher than 21% of 21,206 companies in 2025.
1.18
Higher than 24% of 20,569 companies in 2025.
31.4%
Higher than 69% of 20,744 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
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 |
121,928 | 90,488 | 57,404 | 47,588 | |
20 |
279 | 496 | 714 | 931 | |
21/28 |
7,218 | 11,850 | 16,483 | 21,116 | |
22/27 |
6,918 | 11,550 | 16,183 | 20,816 | |
24 |
6,918 | 11,550 | 16,183 | 20,816 | |
28 |
300 | 300 | 300 | 300 | |
29/58 |
114,431 | 78,141 | 40,207 | 25,541 | |
40/41 |
2,423 | 484 | 479 | 455 | |
41 |
2,423 | 484 | 479 | 455 | |
54/58 |
111,215 | 76,972 | 39,085 | 25,086 | |
490/1 |
794 | 685 | 643 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
121,928 | 90,488 | 57,404 | 47,588 | |
10/15 |
25,186 | 80,596 | 46,587 | 27,401 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | |
13 |
19,186 | 74,596 | 40,587 | 21,401 | |
133 |
19,186 | 74,596 | 40,587 | 21,401 | |
17/49 |
96,741 | 9,892 | 10,817 | 20,187 | |
42/48 |
96,741 | 9,892 | 10,817 | 20,187 | |
44 |
43 | - | 190 | 1,438 | |
440/4 |
43 | - | 190 | 1,438 | |
45 |
2,962 | 9,051 | 7,672 | 5,795 | |
450/3 |
- | 9,051 | 7,672 | 5,795 | |
454/9 |
2,962 | - | - | - | |
47/48 |
93,736 | 841 | 2,956 | 12,954 | |
| Income statement | |||||
9900 |
54,504 | 49,167 | 31,962 | 30,253 | |
630 |
4,850 | 4,850 | 4,850 | 2,504 | |
640/8 |
893 | 295 | 285 | 542 | |
9901 |
48,761 | 44,022 | 26,827 | 27,207 | |
75/76B |
- | - | 41 | - | |
75 |
- | - | 41 | - | |
65/66B |
304 | 129 | 10 | 22 | |
65 |
304 | 129 | 10 | 22 | |
9903 |
48,457 | 43,893 | 26,858 | 27,184 | |
67/77 |
10,130 | 9,051 | 7,672 | 5,783 | |
9904 |
38,327 | 34,842 | 19,186 | 21,401 | |
9905 |
38,327 | 34,842 | 19,186 | 21,401 | |
| Appropriation of the result | |||||
9906 |
38,327 | 34,842 | 19,186 | 21,401 | |
791/2 |
55,410 | - | - | - | |
691/2 |
- | 34,009 | 19,186 | 21,401 | |
6921 |
- | 34,009 | 19,186 | 21,401 | |
694/7 |
93,736 | 833 | - | - | |
694 |
93,736 | 833 | - | - | |
| 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 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 53,611 | 48,872 | 31,677 | 29,711 | ||
| 43,177 | 39,692 | 24,036 | 23,905 | ||
| 217 | 217 | 217 | 23,464 | ||
| 34,242 | 37,888 | 13,998 | - | ||
| 17,690 | 68,249 | 29,390 | 5,354 | ||
| 20.7% | 89.1% | 81.2% | 57.6% | ||
| 1.18 | 7.90 | 3.72 | 1.27 | ||
| 3.84 | 0.12 | 0.23 | 0.74 | ||
| 152.2% | 43.2% | 41.2% | 78.1% | ||
| 31.4% | 38.5% | 33.4% | 45.0% | ||
| over 100 | over 100 | over 100 | over 100 |
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 | - | - | - | €23,164 |
| Financial fixed assets | - | - | - | €300 |
| €4,850 | €4,850 | €4,850 | €2,504 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on IGLU CODE
The operating result for 2025 is 11% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 10.9% to 79.3%. Equity is lower and debt is higher.