interconnected
Annual accounts 2025
micro format, filed on 30-06-2026, 31 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 ≈ €29,000. Estimated: probably between €19,000 and €58,000.
Balance sheet
balance sheet total €40,824 on 31-12-2025in euro
in euro
Position in the sector
33.5%
Higher than 42% of 2,612 companies in 2025.
1.17
Higher than 36% of 2,481 companies in 2025.
5.1%
Higher than 44% of 2,510 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 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
40,824 | 33,789 | 52,010 | 78,426 | 59,968 | 36,783 | 69,408 | 16,428 | 25,678 | |
21/28 |
9,466 | 14,892 | 20,317 | 13,835 | 395 | 1,931 | 3,695 | 6,149 | 8,162 | |
21 |
4,832 | 6,622 | 8,412 | - | - | - | - | - | - | |
22/27 |
4,633 | 8,269 | 11,905 | 13,835 | 395 | 1,931 | 3,695 | 6,149 | 8,162 | |
23 |
- | - | - | - | - | - | - | 288 | 634 | |
24 |
4,633 | 8,269 | 11,905 | 13,835 | - | 1,141 | 2,511 | 4,283 | 6,134 | |
26 |
- | - | - | 0 | 395 | 789 | 1,184 | 1,579 | 1,393 | |
29/58 |
31,358 | 18,897 | 31,693 | 64,591 | 59,573 | 34,852 | 65,713 | 10,279 | 17,516 | |
40/41 |
7,623 | 7,792 | 21,454 | 11,300 | 5,201 | 6,315 | 10,221 | 1,567 | 6,625 | |
40 |
7,623 | 6,715 | 21,454 | 1,230 | 201 | 809 | 10,221 | 1,567 | 6,594 | |
41 |
0 | 1,077 | 0 | 10,070 | 5,000 | 5,506 | - | - | 31 | |
54/58 |
16,244 | 6,978 | 6,518 | 49,676 | 51,674 | 25,133 | 52,069 | 5,825 | 8,818 | |
490/1 |
7,491 | 4,126 | 3,720 | 3,615 | 2,698 | 3,404 | 3,423 | 2,886 | 2,073 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
40,824 | 33,789 | 52,010 | 78,426 | 59,968 | 36,783 | 69,408 | 16,428 | 25,678 | |
10/15 |
13,678 | 11,588 | -12,006 | 18,017 | 1,776 | -20,015 | -18,375 | -51,177 | 2,794 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | |
14 |
-4,922 | -7,012 | -30,606 | -583 | -16,824 | -32,415 | -30,775 | -63,577 | -9,606 | |
17/49 |
27,146 | 22,201 | 64,017 | 60,409 | 58,191 | 56,798 | 87,783 | 67,605 | 22,884 | |
17 |
- | 0 | 55,688 | - | - | - | - | - | - | |
178/9 |
- | 0 | 55,688 | - | - | - | - | - | - | |
42/48 |
26,893 | 22,201 | 8,329 | 60,409 | 58,191 | 56,798 | 87,733 | 67,503 | 22,884 | |
44 |
7,855 | 126 | 1,823 | 2,699 | 217 | 1,449 | 1,803 | 2,222 | 2,620 | |
440/4 |
7,855 | 126 | 1,823 | 2,699 | 217 | 1,449 | 1,803 | 2,222 | 2,620 | |
45 |
6,258 | 5,768 | 3,327 | 2,362 | 2,721 | - | 3,140 | 342 | 2,378 | |
450/3 |
6,258 | 5,768 | 3,327 | 2,362 | 2,721 | - | 3,140 | 342 | 2,378 | |
47/48 |
12,779 | 16,307 | 3,179 | 55,349 | 55,253 | 55,348 | 82,791 | 64,939 | 17,885 | |
492/3 |
253 | - | - | - | - | - | 50 | 103 | - | |
| Income statement | ||||||||||
76A |
- | - | - | - | - | - | - | 741 | - | |
9900 |
7,797 | 36,718 | -21,437 | 27,314 | 19,749 | 756 | 35,849 | -51,485 | -3,132 | |
630 |
5,426 | 5,426 | 4,093 | 2,030 | 1,536 | 1,764 | 2,454 | 2,592 | 3,971 | |
640/8 |
904 | 840 | 1,112 | 867 | 468 | 467 | 480 | 130 | 127 | |
66A |
- | - | - | - | - | - | - | - | 2,189 | |
9901 |
1,467 | 30,452 | -26,642 | 24,417 | 17,745 | -1,475 | 32,915 | -54,208 | -9,420 | |
75/76B |
5 | 0 | 63 | 0 | - | 9 | - | 319 | 7 | |
75 |
5 | 0 | 63 | 0 | - | 9 | - | 319 | 7 | |
65/66B |
-3,748 | 4,166 | 3,305 | 2,350 | 108 | 173 | 113 | 83 | 6 | |
65 |
-3,748 | 4,166 | 3,305 | 2,350 | 108 | 173 | 113 | 83 | 6 | |
9903 |
5,220 | 26,287 | -29,883 | 22,067 | 17,637 | -1,640 | 32,802 | -53,971 | -9,419 | |
67/77 |
3,130 | 2,693 | 139 | 5,827 | 2,045 | - | - | - | 187 | |
9904 |
2,090 | 23,594 | -30,023 | 16,240 | 15,591 | -1,640 | 32,802 | -53,971 | -9,606 | |
9905 |
2,090 | 23,594 | -30,023 | 16,240 | 15,591 | -1,640 | 32,802 | -53,971 | -9,606 | |
| Appropriation of the result | ||||||||||
9906 |
-4,922 | -7,012 | -30,606 | -583 | -16,824 | -32,415 | -30,775 | -63,577 | -9,606 | |
14P |
-7,012 | -30,606 | -583 | -16,824 | -32,415 | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 9 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 30-06-2026.
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 | 30-06-2026 | 2026-00223868 | |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00376824 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00220454 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00235010 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20211405 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-26100495 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-23000072 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57300580 | |
| 31-12-2017 | micro format | 19-07-2018 | 2018-36400260 |
Subsidies and aid
Flemish government 2022, 1 entry, €195 awarded, €195 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 6,893 | 35,878 | -22,549 | 26,447 | 19,281 | 289 | 35,369 | -51,616 | -5,448 | ||
| 7,516 | 29,020 | -25,930 | 18,270 | 17,128 | 125 | 35,256 | -51,379 | -5,635 | ||
| 0 | 0 | 10,576 | 15,470 | 0 | 0 | 0 | 1,973 | 12,133 | ||
| 9,266 | 460 | -43,158 | -1,998 | 26,541 | -26,937 | 46,244 | -2,993 | - | ||
| 4,465 | -3,304 | 23,364 | 4,182 | 1,382 | -21,946 | -22,020 | -57,224 | -5,368 | ||
| 33.5% | 34.3% | -23.1% | 23.0% | 3.0% | -54.4% | -26.5% | -311.5% | 10.9% | ||
| 1.17 | 0.85 | 3.81 | 1.07 | 1.02 | 0.61 | 0.75 | 0.15 | 0.77 | ||
| 1.98 | 1.92 | - | 3.35 | 32.76 | - | - | - | 8.19 | ||
| 15.3% | 203.6% | - | 90.1% | 877.7% | - | - | - | -343.8% | ||
| 5.1% | 69.8% | -57.7% | 20.7% | 26.0% | -4.5% | 47.3% | -328.5% | -37.4% | ||
| -1.84 | 8.61 | -6.82 | 11.25 | 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 | - | - | €1,626 | €15,470 | - |
| Intangible fixed assets | - | - | €8,950 | - | - |
| €5,426 | €5,426 | €4,093 | €2,030 | €1,536 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on interconnected
The operating result for 2025 is 95% lower than in 2024.
Debt's share of the balance-sheet total rises from 65.7% to 66.5%. Equity and debt are higher.