inSAPtion
Annual accounts 2025
micro format, filed on 10-07-2026, 21 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 ≈ €140,000. Estimated: probably between €120,000 and €180,000.
Balance sheet
balance sheet total €242,438 on 31-12-2025in euro
in euro
Position in the sector
94.2%
Higher than 94% of 21,205 companies in 2025.
28.59
Higher than 95% of 20,568 companies in 2025.
20.1%
Higher than 53% of 20,743 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
242,438 | 228,371 | 180,345 | 139,814 | 104,875 | 108,160 | 91,627 | 54,553 | 64,659 | 77,873 | 84,023 | 71,273 | 138,985 | |
21/28 |
23,098 | 11,545 | 10,045 | 9,066 | 6,460 | 6,784 | 5,562 | 2,526 | - | 2,598 | 12,988 | 23,808 | 52,581 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | 16,667 | |
22/27 |
23,098 | 11,545 | 10,045 | 9,066 | 6,460 | 6,784 | 5,562 | 2,526 | - | 2,598 | 12,988 | 23,808 | 35,914 | |
23 |
18,230 | 6,228 | 6,234 | 5,144 | 2,427 | 2,640 | 1,967 | 2,526 | - | - | - | 430 | 2,145 | |
24 |
4,868 | 5,317 | 3,811 | 3,922 | 4,033 | 4,144 | 3,595 | - | - | 2,598 | 12,988 | 23,379 | 33,769 | |
29/58 |
219,340 | 216,825 | 170,300 | 130,748 | 98,415 | 101,375 | 86,065 | 52,027 | 64,659 | 75,275 | 71,035 | 47,464 | 86,404 | |
40/41 |
33,500 | 11,835 | 28,117 | 42,020 | 31,808 | 30,280 | 26,564 | 20,881 | 5,752 | 27,528 | 13,371 | 17,426 | 12,297 | |
40 |
32,147 | 11,514 | 28,117 | 26,673 | 31,460 | 30,280 | 26,348 | 18,876 | - | 27,528 | 13,371 | 14,520 | 9,045 | |
41 |
1,352 | 321 | - | 15,347 | 348 | - | 217 | 2,005 | 5,752 | - | - | 2,906 | 3,252 | |
50/53 |
44,548 | 34,325 | 20,250 | 11,250 | 2,250 | - | - | - | - | - | - | - | - | |
54/58 |
139,764 | 169,072 | 120,329 | 75,527 | 62,128 | 69,192 | 57,658 | 29,376 | 58,257 | 47,097 | 57,214 | 28,460 | 72,187 | |
490/1 |
1,528 | 1,593 | 1,603 | 1,952 | 2,230 | 1,903 | 1,843 | 1,770 | 650 | 650 | 450 | 1,579 | 1,920 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
242,438 | 228,371 | 180,345 | 139,814 | 104,875 | 108,160 | 91,627 | 54,553 | 64,659 | 77,873 | 84,023 | 71,273 | 138,985 | |
10/15 |
228,468 | 202,438 | 160,531 | 118,653 | 80,996 | 49,738 | 49,706 | 52,052 | 58,609 | 58,639 | 53,510 | 31,809 | 45,865 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
215,743 | 189,714 | 147,807 | 105,929 | 68,272 | 37,014 | 37,014 | 39,360 | 45,860 | 45,860 | 40,860 | 18,860 | 32,860 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | 15,000 | |
133 |
215,743 | 189,714 | 147,807 | 105,929 | 66,412 | 35,154 | 35,154 | 37,500 | 44,000 | 44,000 | 39,000 | 17,000 | 16,000 | |
14 |
324 | 324 | 324 | 324 | 324 | 324 | 292 | 292 | 349 | 379 | 250 | 549 | 605 | |
17/49 |
13,971 | 25,933 | 19,815 | 21,161 | 23,879 | 58,421 | 41,921 | 2,502 | 6,050 | 19,233 | 30,513 | 39,463 | 93,121 | |
17 |
- | - | - | - | - | - | - | - | - | 1,078 | 7,428 | 13,581 | 19,544 | |
170/4 |
- | - | - | - | - | - | - | - | - | 1,078 | 7,428 | 13,581 | 19,544 | |
42/48 |
7,673 | 20,858 | 19,815 | 21,161 | 23,802 | 58,383 | 41,921 | 2,502 | 6,050 | 18,155 | 23,085 | 25,882 | 73,442 | |
42 |
- | - | - | - | - | - | - | - | 1,078 | 6,350 | 6,153 | 5,963 | 6,251 | |
44 |
4,559 | 1,235 | - | - | 222 | 509 | 301 | 232 | 57 | 2,372 | 5,776 | 6,248 | 53,473 | |
440/4 |
4,559 | 1,235 | - | - | 222 | 509 | 301 | 232 | 57 | 2,372 | 5,776 | 6,248 | 53,473 | |
45 |
2,541 | 19,490 | 19,316 | 4,513 | 11,895 | 26,148 | 13,441 | - | 2,508 | 7,495 | 10,699 | 13,671 | 13,718 | |
450/3 |
2,541 | 19,490 | 19,316 | 4,513 | 11,895 | 26,148 | 13,441 | - | 2,508 | 7,495 | 10,699 | 13,671 | 11,403 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,315 | |
47/48 |
572 | 133 | 499 | 16,648 | 11,685 | 31,726 | 28,178 | 2,270 | 2,406 | 1,938 | 457 | - | - | |
492/3 |
6,298 | 5,075 | - | - | 77 | 38 | - | - | - | - | - | - | 134 | |
| Income statement | ||||||||||||||
76A |
- | - | 6,000 | - | - | - | - | - | - | - | - | 3,333 | - | |
9900 |
71,123 | 63,441 | 63,891 | 55,708 | 64,832 | 57,430 | 60,993 | -3,792 | 8,536 | 23,235 | 44,055 | -946 | 99,004 | |
630 |
2,475 | 2,141 | 2,026 | 1,734 | 1,437 | 1,966 | 1,615 | 1,263 | 2,598 | 10,391 | 10,634 | 12,106 | 45,543 | |
640/8 |
1,006 | 947 | 1,057 | 1,382 | 1,102 | 1,193 | 7,218 | 1,164 | 1,223 | 998 | 933 | 1,310 | 1,352 | |
66A |
- | - | - | - | - | - | - | - | - | - | 136 | - | 6,661 | |
9901 |
67,643 | 60,353 | 60,808 | 52,593 | 62,293 | 54,271 | 52,160 | -6,219 | 4,716 | 11,847 | 32,489 | -14,362 | 52,109 | |
75/76B |
1,782 | 169 | 332 | - | - | - | 15 | 23 | 57 | 91 | 41 | 335 | 424 | |
75 |
1,782 | 169 | 332 | - | - | - | 15 | 23 | 57 | 91 | 41 | 335 | 424 | |
65/66B |
2,196 | 2,391 | 2,454 | 133 | 112 | 73 | 73 | 84 | 598 | 446 | 636 | 1,031 | 903 | |
65 |
2,196 | 2,391 | 1,525 | 133 | 112 | 73 | 73 | 84 | 598 | 446 | 636 | 1,031 | 903 | |
66B |
- | - | 929 | - | - | - | - | - | - | - | - | - | - | |
9903 |
67,228 | 58,130 | 58,686 | 52,460 | 62,182 | 54,198 | 52,103 | -6,280 | 4,175 | 11,493 | 31,757 | -11,724 | 44,969 | |
67/77 |
18,545 | 16,223 | 16,809 | 14,803 | 16,424 | 11,666 | 14,948 | 277 | 1,805 | 3,963 | 10,057 | 2,331 | 11,504 | |
9904 |
48,684 | 41,907 | 41,878 | 37,657 | 45,757 | 42,532 | 37,154 | -6,557 | 2,370 | 7,529 | 21,701 | -14,055 | 33,465 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | 15,000 | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | 15,000 | |
9905 |
48,684 | 41,907 | 41,878 | 37,657 | 45,757 | 42,532 | 37,154 | -6,557 | 2,370 | 7,529 | 21,701 | 945 | 18,465 | |
| Appropriation of the result | ||||||||||||||
9906 |
49,008 | 42,232 | 42,202 | 37,981 | 46,082 | 42,824 | 37,446 | -6,208 | 2,749 | 7,779 | 22,250 | 1,549 | 18,465 | |
14P |
324 | 324 | 324 | 324 | 324 | - | - | - | - | - | - | - | - | |
791/2 |
22,654 | - | - | - | - | - | 25,000 | 6,500 | - | - | - | - | - | |
691/2 |
48,684 | 41,907 | 41,878 | 37,657 | 31,257 | - | 22,654 | - | - | 5,000 | 22,000 | 1,000 | 17,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
48,684 | 41,907 | 41,878 | 37,657 | 31,257 | - | 22,654 | - | - | 5,000 | 22,000 | 1,000 | 16,000 | |
694/7 |
22,654 | - | - | - | 14,500 | 42,500 | 39,500 | - | 2,400 | 2,400 | - | - | - | |
694 |
22,654 | - | - | - | 14,500 | 42,500 | 39,500 | - | 2,400 | 2,400 | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 7 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 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00282870 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00231196 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00180829 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00250052 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20213818 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-24000547 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33400426 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-23300188 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-28000143 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-24800119 | |
| 31-12-2015 | abbreviated format | 05-07-2016 | 2016-28900139 | |
| 31-12-2014 | abbreviated format | 23-07-2015 | 2015-34300061 | |
| 31-12-2013 | abbreviated format | 16-07-2014 | 2014-31700144 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 70,117 | 62,494 | 62,834 | 54,326 | 63,730 | 56,237 | 53,775 | -4,955 | 7,314 | 22,238 | 43,123 | -2,256 | 97,652 | ||
| 51,158 | 44,048 | 43,904 | 39,391 | 47,194 | 44,498 | 38,769 | -5,294 | 4,967 | 17,920 | 32,335 | -1,949 | 79,007 | ||
| 14,027 | 3,641 | 3,006 | 4,339 | 1,113 | 3,188 | 10,709 | 3,790 | 0 | 0 | -186 | -16,667 | 98,124 | ||
| -29,308 | 48,743 | 44,803 | 13,399 | -7,065 | 11,535 | 28,282 | -28,881 | 11,159 | -10,117 | 28,754 | -43,727 | - | ||
| 211,667 | 195,968 | 150,485 | 109,587 | 74,613 | 42,992 | 44,144 | 49,525 | 58,609 | 57,120 | 47,950 | 21,582 | 12,962 | ||
| 94.2% | 88.6% | 89.0% | 84.9% | 77.2% | 46.0% | 54.2% | 95.4% | 90.6% | 75.3% | 63.7% | 44.6% | 33.0% | ||
| 28.59 | 10.40 | 8.59 | 6.18 | 4.13 | 1.74 | 2.05 | 20.80 | 10.69 | 4.15 | 3.08 | 1.83 | 1.18 | ||
| 0.06 | 0.13 | 0.12 | 0.18 | 0.29 | 1.17 | 0.84 | 0.05 | 0.10 | 0.33 | 0.57 | 1.24 | 2.03 | ||
| 21.3% | 20.7% | 26.1% | 31.7% | 56.5% | 85.5% | 74.7% | -12.6% | 4.0% | 12.8% | 40.6% | -44.2% | 73.0% | ||
| 20.1% | 18.4% | 23.2% | 26.9% | 43.6% | 39.3% | 40.5% | -12.0% | 3.7% | 9.7% | 25.8% | -19.7% | 24.1% | ||
| 31.92 | 26.13 | 41.21 | 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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,027 | €3,641 | €3,006 | €4,339 | €1,113 |
| €2,475 | €2,141 | €2,026 | €1,734 | €1,437 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on inSAPtion
The operating result for 2025 is 12% higher than in 2024 and the highest since 2013. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 11.4% to 5.8%. Equity is higher and debt is lower.