Turnover€70.98M-2.6%
EBIT margin4.8%+0.3pp
Net result€2.95M+22.1%
Working capital€12.16M0%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 05-03-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
stable
Equity: stable across 3 fiscal years (±0%/year).
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 46 — Wholesale trade · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.6% | 33.3% | |
| Net result | €2.95M | €13k | |
| Equity | €12.44M | €55k | |
| Staff costs | €5.51M | €121k | |
| Employees (FTE) | 44.0 | 2.9 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€70.98M
-2.6%
23–25
€3.55M
+3.6%
23–25
€2.95M
+22.1%
23–25
€3.09M
+21.0%
23–25
€29.24M
+18.1%
23–25
€12.44M
0.0%
23–25
€12.16M
0.0%
23–25
44
+4.8%
23–25
€5.51M
+17.5%
23–25
€1.03M
+19.3%
23–25
€2.95M
+22.1%
23–25
€16.02M
+40.2%
23–25
€16.02M
+40.5%
23–25
€0
-100.0%
23–25
1.76
-14.9%
23–25
1.53
-14.7%
23–25
42.6%
-15.3%
23–25
1.29
+40.2%
23–25
23.7%
+22.1%
23–25
10.1%
+3.4%
23–25
4.2%
+25.3%
23–25
5.0%
+6.4%
23–25
42.93
-51.2%
23–25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €70.98M |
| EBITDA | €3.55M |
| Net profit | €2.95M |
| Cash flow | €3.09M |
| Staff costs | €5.51M |
| Income taxes | €1.03M |
| Dividends | €2.95M |
| Total assets | €29.24M |
| Equity | €12.44M |
| Debt | €16.02M |
| of which ≤ 1y | €16.02M |
| of which > 1y | €0 |
| Working capital | €12.16M |
| Employees (FTE) | 44.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.76 |
| Quick ratio | 1.53 |
| Working capital ratio | 41.6% |
| Solvency | 42.6% |
| Debt / equity | 1.29 |
| Long-term debt ratio | 0.00 |
| Interest coverage | 42.93 |
| Gross margin | 12.0% |
| Net margin | 4.2% |
| ROA | 10.1% |
| ROE | 23.7% |
| EBITDA margin | 5.0% |
| Days sales outstanding | 65d |
| Days payable outstanding | 48d |
| Inventory turnover | 16.91 |
| Days inventory (DSI) | 22d |
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 | €29.24M |
| Fixed assets | 21/28 | €1.05M |
| Intangible fixed assets | 21 | €1.04M |
| Tangible fixed assets | 22/27 | €12k |
| Current assets | 29/58 | €28.18M |
| Stocks & contracts in progress | 3 | €3.69M |
| Amounts receivable within one year | 40/41 | €23.25M |
| Cash & bank | 54/58 | €1.24M |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €29.24M |
| Equity | 10/15 | €12.44M |
| Contributions / capital | 10/11 | €10.32M |
| Reserves | 13 | €2.13M |
| Provisions & deferred taxes | 16 | €771k |
| Amounts payable | 17/49 | €16.02M |
| Amounts payable after one year | 17 | €0 |
| Amounts payable within one year | 42/48 | €16.02M |
| Trade debts payable within one year | 44 | €8.21M |
| Income statement | ||
| Turnover | 70 | €70.98M |
| Operating result | 9901 | €3.40M |
| Financial income | 75 | €986k |
| Financial charges | 65 | €411k |
| Result before taxes | 9903 | €3.98M |
| Income taxes | 67/77 | €1.03M |
| Net result for the period | 9904 | €2.95M |
| Result to be appropriated | 9905 | €2.95M |
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Ratios computed by Checked.
Health barometer
FY 2025 · computed93
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Excellent
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See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.