Interconnection
Annual accounts 2025
micro format, filed on 27-10-2026, 88 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €354,417 on 31-12-2025in euro
in euro
Position in the sector
47.8%
Higher than 51% of 35,125 companies in 2025.
1.74
Higher than 48% of 34,499 companies in 2025.
-4.7%
Higher than 16% of 34,700 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
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 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
354,417 | 331,410 | 295,283 | 294,623 | 295,485 | 446,364 | 1.2m | 960,756 | 718,823 | 345,296 | 207,731 | 264,333 | 234,311 | 196,428 | 343,868 | 320,475 | 165,473 | |
21/28 |
31,877 | 4,252 | 2,355 | 7,543 | 7,707 | 4,485 | 6,689 | 6,772 | 6,689 | 27,828 | 42,866 | 100,154 | 132,919 | 95,325 | 127,590 | 109,355 | 35,844 | |
22/27 |
31,862 | 4,237 | 2,340 | 7,528 | 7,692 | 4,470 | 6,689 | 6,772 | 6,689 | 27,828 | 42,866 | 100,154 | 132,919 | 95,325 | 127,590 | 109,355 | 35,844 | |
23 |
- | - | - | 750 | 2,628 | 2,255 | - | - | - | 8,917 | 19,446 | 22,852 | 18,574 | 27,560 | 35,237 | 19,607 | 5,110 | |
24 |
31,862 | 4,237 | 2,340 | 6,778 | 5,064 | 2,215 | 6,689 | 6,772 | 6,689 | 18,910 | 23,420 | 77,302 | 114,346 | 67,765 | 92,353 | 89,748 | 30,733 | |
28 |
15 | 15 | 15 | 15 | 15 | 15 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
322,541 | 327,158 | 292,928 | 287,080 | 287,778 | 441,879 | 1.2m | 953,984 | 712,134 | 317,468 | 164,866 | 164,179 | 101,391 | 101,103 | 216,277 | 211,120 | 129,630 | |
29 |
- | - | - | - | - | - | 706,595 | 491,347 | 387,000 | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | 706,595 | 491,347 | 387,000 | - | - | - | - | - | - | - | - | |
40/41 |
275,505 | 323,914 | 286,516 | 275,749 | 132,951 | 235,751 | 173,605 | 88,189 | 80,864 | 87,262 | 104,573 | 67,218 | 23,631 | 31,334 | 138,163 | 78,399 | 109,020 | |
40 |
259,472 | 307,572 | 274,572 | 141,299 | 9,316 | 141,859 | 101,160 | 68,263 | 80,466 | 85,293 | 102,698 | 59,853 | 19,327 | 2,657 | 81,969 | 62,575 | 95,474 | |
41 |
16,033 | 16,342 | 11,944 | 134,450 | 123,636 | 93,892 | 72,445 | 19,926 | 398 | 1,968 | 1,875 | 7,365 | 4,304 | 28,677 | 56,194 | 15,824 | 13,546 | |
50/53 |
148 | 148 | 148 | 148 | 148 | 148 | - | - | - | 148 | 148 | 148 | 148 | 148 | 34,500 | 34,500 | - | |
54/58 |
5,224 | 3,096 | 6,264 | 11,183 | 154,679 | 205,980 | 323,827 | 374,448 | 243,954 | 229,742 | 57,444 | 96,813 | 77,612 | 69,212 | 43,214 | 98,221 | 20,609 | |
490/1 |
41,664 | - | - | - | - | - | - | - | 316 | 316 | 2,700 | - | - | 409 | 400 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
354,417 | 331,410 | 295,283 | 294,623 | 295,485 | 446,364 | 1.2m | 960,756 | 718,823 | 345,296 | 207,731 | 264,333 | 234,311 | 196,428 | 343,868 | 320,475 | 165,473 | |
10/15 |
169,364 | 185,963 | 178,241 | 176,426 | 180,047 | 179,023 | 828,674 | 592,676 | 310,253 | 124,425 | 104,473 | 101,427 | 84,929 | 73,276 | 66,817 | 48,135 | 7,593 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 10,000 | |
10 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | |
13 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | |
130/1 |
- | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | |
1311 |
- | - | - | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
147,364 | 163,963 | 156,241 | 154,426 | 158,047 | 157,023 | 806,674 | 570,676 | 288,253 | 102,425 | 82,473 | 79,427 | 62,929 | 51,276 | 44,817 | 26,135 | -2,407 | |
17/49 |
185,053 | 145,447 | 117,042 | 118,197 | 115,438 | 267,342 | 382,042 | 368,080 | 408,570 | 220,870 | 103,258 | 162,905 | 149,382 | 123,151 | 277,050 | 272,340 | 157,880 | |
42/48 |
185,053 | 145,447 | 117,042 | 118,197 | 115,438 | 169,034 | 382,042 | 368,080 | 408,570 | 220,870 | 103,258 | 162,905 | 149,382 | 123,151 | 277,050 | 272,340 | 95,864 | |
44 |
114,764 | 74,347 | 73,916 | 112,173 | 108,974 | 151,765 | - | 88,779 | 228,700 | 141,209 | 87,202 | 117,015 | 90,523 | 98,656 | 224,394 | 151,749 | 83,834 | |
440/4 |
114,764 | 74,347 | 73,916 | 112,173 | 108,974 | 151,765 | - | 88,779 | 228,700 | 141,209 | 87,202 | 117,015 | 90,523 | 98,656 | 224,394 | 151,749 | 83,834 | |
46 |
- | - | - | - | - | - | - | - | - | 61,000 | - | 27,000 | - | - | - | - | - | |
45 |
8,548 | 9,360 | 4,526 | 6,024 | 6,465 | 17,269 | 382,042 | 231,765 | 109,408 | 16,303 | 13,470 | 15,197 | 18,278 | 24,496 | 34,656 | 50,297 | 6,995 | |
450/3 |
8,548 | 9,360 | 4,526 | 6,024 | 6,465 | 16,857 | 359,500 | 209,223 | 98,304 | 10,208 | 12,709 | 12,128 | 17,882 | 20,346 | 27,034 | 24,229 | 1,338 | |
454/9 |
- | - | - | - | - | 412 | 22,542 | 22,542 | 11,104 | 6,096 | 761 | 3,069 | 396 | 4,150 | 7,622 | 26,068 | 5,657 | |
47/48 |
61,741 | 61,741 | 38,600 | - | - | - | - | 47,536 | 70,462 | 2,358 | 2,587 | 3,693 | 40,581 | - | 18,000 | 70,295 | 5,035 | |
492/3 |
- | - | - | - | - | 98,308 | - | - | - | - | - | - | - | - | - | - | 62,016 | |
| Income statement | ||||||||||||||||||
76A |
- | - | 3,390 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-15,616 | 17,818 | 14,028 | 13,354 | 19,440 | 27,853 | 527,918 | 521,892 | 401,800 | 87,250 | 91,841 | 115,360 | 144,469 | 143,421 | 227,795 | 234,233 | 102,428 | |
62 |
- | 874 | 741 | 1,541 | 5,838 | 11,225 | 200,981 | 121,861 | 87,148 | 35,723 | 11,437 | 31,558 | 44,230 | 59,054 | 91,129 | 94,340 | 28,276 | |
630 |
- | 1,171 | 2,578 | 5,466 | 4,406 | 3,901 | - | - | 21,138 | 21,138 | 28,882 | 54,341 | 56,193 | 44,232 | 41,312 | 33,637 | 23,502 | |
640/8 |
831 | 2,565 | 3,893 | 6,087 | 4,842 | 5,622 | 1,882 | 5,685 | 8,525 | 3,355 | 12,113 | 5,921 | 23,060 | 12,441 | 10,395 | 15,122 | 2,818 | |
66A |
- | - | - | - | - | - | - | - | - | - | 23,783 | - | - | - | 30,240 | 19,244 | 49,064 | |
9901 |
-16,447 | 13,208 | 6,816 | 261 | 4,354 | 7,105 | 325,055 | 394,346 | 284,989 | 27,034 | 39,409 | 23,540 | 20,987 | 27,694 | 84,959 | 91,133 | 47,832 | |
75/76B |
- | - | 0 | 1 | - | 0 | - | - | - | 6 | 60 | 32 | 113 | 335 | 535 | 5 | 2 | |
75 |
- | - | 0 | 1 | - | 0 | - | - | - | 6 | 60 | 32 | 113 | 335 | 535 | 5 | 2 | |
65/66B |
151 | 653 | 802 | 735 | 779 | 382 | 142 | 1,004 | 857 | 142 | 915 | 2,028 | 1,571 | 2,722 | 2,967 | 4,649 | 1,178 | |
65 |
151 | 653 | 802 | 735 | 779 | 382 | 142 | 1,004 | 857 | 142 | 915 | 2,028 | 1,571 | 2,722 | 2,967 | 4,649 | 1,178 | |
9903 |
-16,598 | 12,555 | 6,015 | -474 | 3,575 | 6,723 | 324,913 | 393,342 | 284,132 | 26,898 | 14,770 | 21,543 | 19,529 | 25,308 | 52,287 | 67,246 | -2,407 | |
67/77 |
- | 4,834 | 4,200 | 3,147 | 2,550 | 3,588 | 88,915 | 110,919 | 98,304 | 6,945 | 11,725 | 5,044 | 7,877 | 18,849 | 15,604 | 16,104 | - | |
9904 |
-16,598 | 7,721 | 1,815 | -3,621 | 1,024 | 3,136 | 235,998 | 282,423 | 185,828 | 19,952 | 3,046 | 16,499 | 11,652 | 6,459 | 36,683 | 51,142 | -2,407 | |
9905 |
-16,598 | 7,721 | 1,815 | -3,621 | 1,024 | 3,136 | 235,998 | 282,423 | 185,828 | 19,952 | 3,046 | 16,499 | 11,652 | 6,459 | 36,683 | 51,142 | -2,407 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
147,364 | 163,963 | 156,241 | 154,426 | 158,047 | 157,023 | 806,674 | 570,676 | 288,253 | 102,425 | 82,473 | 79,427 | 62,929 | 51,276 | 62,817 | 48,735 | -2,407 | |
14P |
163,963 | 156,241 | 154,426 | 158,047 | 157,023 | - | 570,676 | 288,253 | 102,425 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,000 | 20,600 | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,000 | 20,600 | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | 0.8 | 1 | 1 | 1 | 2.6 | - | - | - | 4.1 | 3.6 | 3.2 | 3.3 | 5.3 | 5.7 | 2.9 | 1.8 | |
Hours worked1013 |
- | - | - | - | - | 644 | - | - | - | 1,680 | 471 | 1,372 | 1,149 | 2,864 | 3,843 | 4,791 | 216 | |
| Document | ||||||||||||||||||
The notes to these accounts have 6 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 27-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 88 days after the deadline. Filed on 27 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00569521.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-10-2026 | 2026-00569521 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00516156 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00363258 | |
| 31-12-2022 | micro format | 27-09-2023 | 2023-00455543 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20346135 | |
| 31-12-2020 | abbreviated format | 29-10-2021 | 2021-75500075 | |
| 31-12-2019 | abbreviated format | 17-02-2026 | 2026-00039684 | |
| 31-12-2019 | micro format | 18-11-2020 | 2020-71500176 | |
| 31-12-2018 | abbreviated format | 17-02-2026 | 2026-00039643 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-21400533 | |
| 31-12-2017 | abbreviated format | 17-02-2026 | 2026-00039675 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51500252 | |
| 31-12-2016 | micro format | 14-06-2017 | 2017-18100044 | |
| 31-12-2015 | abbreviated format | 13-06-2016 | 2016-17300398 | |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-38100198 | |
| 31-12-2013 | abbreviated format | 22-07-2014 | 2014-33500046 | |
| 31-12-2012 | abbreviated format | 27-06-2013 | 2013-22400367 | |
| 31-12-2011 | abbreviated format | 08-06-2012 | 2012-16000089 | |
| 31-12-2010 | abbreviated format | 30-06-2011 | 2011-23300371 | |
| 31-12-2009 | abbreviated format | 26-08-2010 | 2010-47400165 |
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 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | 14,378 | 9,394 | 5,726 | 8,759 | 11,006 | - | - | 306,127 | 48,172 | 68,291 | 77,881 | 77,179 | 71,927 | 126,271 | 124,770 | 71,335 | ||
| - | 8,892 | 4,393 | 1,845 | 5,430 | 7,037 | - | - | 206,966 | 41,091 | 31,928 | 70,840 | 67,845 | 50,691 | 77,994 | 84,779 | 21,095 | ||
| 27,625 | 3,067 | -2,610 | 5,302 | 7,627 | 3,398 | - | - | -1 | 6,100 | 26,627 | 25,136 | 120,812 | 19,887 | 101,037 | 126,215 | 81,910 | ||
| 2,127 | -3,168 | -4,918 | -143,496 | -51,301 | -117,847 | -50,621 | 130,494 | 14,212 | 172,298 | -39,369 | 19,200 | 8,400 | 25,998 | -55,007 | 77,612 | - | ||
| 137,488 | 181,711 | 175,886 | 168,883 | 172,340 | 272,845 | 821,985 | 585,904 | 303,564 | 96,598 | 61,607 | 1,273 | -47,991 | -22,048 | -60,773 | -61,220 | 33,765 | ||
| 47.8% | 56.1% | 60.4% | 59.9% | 60.9% | 40.1% | 68.4% | 61.7% | 43.2% | 36.0% | 50.3% | 38.4% | 36.2% | 37.3% | 19.4% | 15.0% | 4.6% | ||
| 1.74 | 2.25 | 2.50 | 2.43 | 2.49 | 2.61 | 3.15 | 2.59 | 1.74 | 1.44 | 1.60 | 1.01 | 0.68 | 0.82 | 0.78 | 0.78 | 1.35 | ||
| 1.09 | 0.78 | 0.66 | 0.67 | 0.64 | 1.49 | 0.46 | 0.62 | 1.32 | 1.78 | 0.99 | 1.61 | 1.76 | 1.68 | 4.15 | 5.66 | 20.79 | ||
| -9.8% | 4.2% | 1.0% | -2.1% | 0.6% | 1.8% | 28.5% | 47.7% | 59.9% | 16.0% | 2.9% | 16.3% | 13.7% | 8.8% | 54.9% | 106.2% | -31.7% | ||
| -4.7% | 2.3% | 0.6% | -1.2% | 0.3% | 0.7% | 19.5% | 29.4% | 25.9% | 5.8% | 1.5% | 6.2% | 5.0% | 3.3% | 10.7% | 16.0% | -1.5% | ||
| - | 22.02 | 11.72 | 7.79 | 11.24 | - | - | - | 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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 |
| full-time | - | 1 | 1 | 1 |
| in full-time equivalents | - | 1 | 1 | 1 |
| 0.8 | 1 | 1 | 1 | |
| On a permanent contract | - | 1 | 1 | 1 |
| Joined | 0 | - | - | - |
| Left | 1 | - | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €27,625 | €3,067 | - | €5,302 | €7,627 |
| - | €1,171 | €2,578 | €5,466 | €4,406 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Interconnection
The operating result for 2025 is a loss of €16,447, after a profit of €13,208 in 2024. It is the lowest result since 2009.
Debt's share of the balance-sheet total rises from 43.9% to 52.2%. Equity is lower and debt is higher.