IR 4
Annual accounts 2025
micro format, filed on 23-02-2026, 23 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €78,000 and €410,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €865,084 on 30-06-2025in euro
in euro
Position in the sector
45.6%
Higher than 37% of 620 companies in 2025.
0.03
Lower than 95% of 580 companies in 2025.
0.6%
Higher than 26% of 597 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom 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 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
865,084 | 874,939 | 854,431 | 860,628 | 878,974 | 903,990 | 783,021 | 787,124 | 795,764 | 844,205 | 796,189 | 801,832 | 357,144 | 58,466 | 26,640 | 38,086 | |
21/28 |
850,013 | 862,362 | 839,375 | 851,309 | 865,149 | 878,265 | 757,622 | 767,203 | 778,360 | 788,898 | 712,984 | 512,212 | 43,220 | 9,875 | 5,442 | 5,961 | |
22/27 |
850,013 | 862,362 | 839,375 | 851,309 | 865,149 | 878,265 | 757,622 | 767,203 | 778,360 | 788,898 | 712,984 | 512,212 | 43,220 | 9,875 | 5,442 | 5,961 | |
22 |
849,753 | 862,016 | 833,891 | 844,454 | 855,016 | 865,578 | 756,641 | 767,203 | 777,765 | 785,415 | 705,000 | 501,386 | 36,135 | - | - | - | |
23 |
- | - | - | - | - | 101 | 202 | - | 0 | 0 | 0 | 300 | 1,332 | 3,195 | 5,058 | 5,421 | |
24 |
260 | 346 | 5,484 | 6,855 | 10,133 | 12,586 | 779 | - | 595 | 3,483 | 7,984 | 10,527 | 4,911 | 6,680 | 384 | 540 | |
29/58 |
15,071 | 12,577 | 15,056 | 9,319 | 13,825 | 25,725 | 25,399 | 19,921 | 17,404 | 55,307 | 83,205 | 289,620 | 313,924 | 48,591 | 21,198 | 32,125 | |
3 |
- | - | - | - | - | - | - | - | - | 0 | 61,652 | 54,546 | - | - | - | - | |
37 |
- | - | - | - | - | - | - | - | - | 0 | 61,652 | 54,546 | - | - | - | - | |
40/41 |
10,792 | 12,289 | 12,661 | 6,997 | 9,008 | 11,590 | 11,532 | 16,872 | 13,863 | 13,863 | 17,770 | 23,370 | 29,100 | 27,493 | 16,051 | 12,626 | |
40 |
1,665 | 1,976 | 5,911 | 549 | 1,417 | 999 | - | - | 0 | 0 | 427 | 10,566 | 29,100 | 19,335 | - | 2,100 | |
41 |
9,127 | 10,313 | 6,750 | 6,448 | 7,591 | 10,591 | 11,532 | 16,872 | 13,863 | 13,863 | 17,343 | 12,804 | - | 8,159 | 16,051 | 10,526 | |
54/58 |
4,279 | 288 | 2,395 | 2,322 | 4,817 | 14,135 | 13,867 | 3,049 | 3,541 | 41,445 | 3,139 | 211,704 | 284,824 | 20,832 | 5,147 | 19,499 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | 644 | - | - | 266 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
865,084 | 874,939 | 854,431 | 860,628 | 878,974 | 903,990 | 783,021 | 787,124 | 795,764 | 844,205 | 796,189 | 801,832 | 357,144 | 58,466 | 26,640 | 38,086 | |
10/15 |
394,238 | 389,385 | 421,363 | 436,133 | 449,790 | 450,632 | 334,530 | 327,665 | 347,974 | 388,935 | 434,133 | 368,957 | 21,080 | 2,283 | 15,662 | 27,785 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 13,300 | 13,300 | 13,300 | 13,300 | 6,250 | 6,250 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | 0 | 5,300 | 5,300 | 5,300 | 5,300 | 12,350 | 12,350 | |
12 |
567,591 | 567,591 | 567,591 | 567,591 | 567,591 | 567,591 | 448,091 | 448,091 | 448,091 | 448,091 | 448,091 | 374,519 | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,077 | 1,077 | 1,077 | 1,077 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,077 | 1,077 | 1,077 | 1,077 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-193,813 | -198,666 | -166,688 | -151,918 | -138,261 | -137,419 | -134,021 | -140,886 | -120,577 | -79,616 | -29,118 | -20,722 | 6,704 | -12,094 | 8,335 | 20,458 | |
17/49 |
470,846 | 485,554 | 433,068 | 424,495 | 429,184 | 453,358 | 448,491 | 459,459 | 447,790 | 455,270 | 362,056 | 432,875 | 336,063 | 56,183 | 10,978 | 10,301 | |
17 |
- | - | - | 174,983 | 189,695 | 204,112 | 211,337 | 223,166 | 234,743 | 247,136 | 184,917 | 294,590 | 300,000 | - | - | - | |
170/4 |
- | - | - | 174,983 | 189,695 | 204,112 | 211,337 | 223,166 | 234,743 | 247,136 | 184,917 | 294,590 | 300,000 | - | - | - | |
42/48 |
470,846 | 485,554 | 433,068 | 249,512 | 239,489 | 249,246 | 237,154 | 236,293 | 213,046 | 208,133 | 177,140 | 138,285 | 36,063 | 55,917 | 10,713 | 9,499 | |
42 |
- | - | - | 14,712 | 14,417 | 14,128 | 11,830 | 12,956 | 11,332 | 8,525 | 3,507 | 3,648 | - | - | - | - | |
44 |
3,083 | 3,048 | 724 | 1,371 | 621 | 394 | 241 | 6,704 | 1,729 | 5,967 | 26,823 | 40,566 | 2,163 | 25,278 | 3,146 | 1,252 | |
440/4 |
3,083 | 3,048 | 724 | 1,371 | 621 | 394 | 241 | 6,704 | 1,729 | 5,967 | 26,823 | 40,566 | 2,163 | 25,278 | 3,146 | 1,252 | |
45 |
2,438 | 132 | 17,716 | 528 | 3,130 | 1,677 | 1,279 | 20,214 | 14,087 | 6,014 | 9,806 | 3,478 | 10,021 | 7,738 | 7,567 | 8,247 | |
450/3 |
2,438 | 132 | 17,716 | 528 | 3,130 | 1,677 | 1,279 | 713 | 1,589 | 1,161 | 5,316 | 391 | 2,046 | - | 7,567 | 8,247 | |
454/9 |
- | - | - | - | - | - | - | 19,501 | 12,498 | 4,854 | 4,490 | 3,088 | 7,975 | 7,738 | - | - | |
47/48 |
465,325 | 482,374 | 414,628 | 232,901 | 221,321 | 233,047 | 223,804 | 196,419 | 185,899 | 187,627 | 137,003 | 90,594 | 23,879 | 22,902 | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 266 | 265 | 802 | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 11,700 | 22,063 | 64,847 | 23,557 | 50,484 | - | 26,810 | 73,941 | |
9900 |
22,232 | -8,062 | 9,140 | 7,680 | 24,516 | 16,381 | 25,428 | -3,294 | -13,057 | -25,066 | 13,767 | -6,811 | 36,897 | -14,108 | -10,453 | 31,631 | |
60/61 |
- | - | - | - | - | - | - | - | 31,180 | 47,129 | 51,080 | 30,368 | 13,587 | - | 37,263 | 42,310 | |
630 |
12,349 | 14,936 | 14,128 | 13,841 | 13,942 | 13,723 | 10,750 | 11,157 | 13,450 | 14,976 | 12,970 | 9,047 | 5,170 | 3,631 | 2,019 | 2,632 | |
640/8 |
4,601 | 7,169 | 4,918 | 3,466 | 6,666 | 1,039 | 4,257 | 458 | 667 | 642 | 1,442 | 722 | 7,782 | 285 | - | 89 | |
9901 |
5,282 | -30,167 | -9,906 | -9,627 | 3,908 | 1,619 | 10,421 | -14,909 | -27,174 | -40,684 | -644 | -16,580 | 23,945 | -18,024 | -12,472 | 28,910 | |
75/76B |
2 | 2 | 2 | 431 | 4 | - | 222 | 9 | 1 | 0 | 3 | 165 | 125 | 201 | 1,116 | 548 | |
75 |
2 | 2 | 2 | 431 | 4 | - | - | 9 | 1 | 0 | 3 | 165 | 125 | 201 | 1,116 | 548 | |
76B |
- | - | - | - | - | - | 222 | - | - | - | - | - | - | - | - | - | |
65/66B |
292 | 1,682 | 4,746 | 4,344 | 4,637 | 4,925 | 3,664 | 5,281 | 13,788 | 9,814 | 7,755 | 8,990 | 5,246 | 2,575 | 766 | 351 | |
65 |
292 | 244 | 4,746 | 4,344 | 4,637 | 4,925 | 3,664 | 5,281 | 13,788 | 9,814 | 7,755 | 8,990 | 5,246 | 2,575 | 766 | 351 | |
66B |
- | 1,438 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
4,992 | -31,847 | -14,650 | -13,540 | -725 | -3,306 | 6,979 | -20,181 | -40,961 | -50,497 | -8,396 | -25,405 | 18,824 | -20,399 | -12,122 | 29,107 | |
67/77 |
139 | 131 | 120 | 117 | 117 | 92 | 114 | 128 | - | - | - | 25 | 26 | 30 | 1 | 7,572 | |
9904 |
4,853 | -31,978 | -14,770 | -13,657 | -842 | -3,398 | 6,865 | -20,309 | -40,961 | -50,497 | -8,396 | -25,429 | 18,798 | -20,429 | -12,123 | 21,535 | |
9905 |
4,853 | -31,978 | -14,770 | -13,657 | -842 | -3,398 | 6,865 | -20,309 | -40,961 | -50,497 | -8,396 | -25,429 | 18,798 | -20,429 | -12,123 | 21,535 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-193,813 | -198,666 | -166,688 | -151,918 | -138,261 | -137,419 | -134,021 | -140,886 | -120,577 | -79,616 | -29,118 | -20,722 | 6,704 | -12,094 | 8,335 | 21,535 | |
14P |
-198,666 | -166,688 | -151,918 | -138,261 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,077 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,077 | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 23 days after the deadline. Filed on 23 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00042899.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 23-02-2026 | 2026-00042899 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00017942 | |
| 30-06-2023 | micro format | 25-01-2024 | 2024-00006482 | |
| 30-06-2022 | micro format | 09-02-2023 | 2023-00025623 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-01600108 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02100363 | |
| 30-06-2019 | micro format | 24-01-2020 | 2020-02000269 | |
| 30-06-2018 | micro format | 30-01-2019 | 2019-02800150 | |
| 30-06-2017 | full format | 15-01-2018 | 2018-01200565 | |
| 30-06-2016 | full format | 23-01-2017 | 2017-02000430 | |
| 30-06-2015 | full format | 03-02-2016 | 2016-03900019 | |
| 30-06-2014 | full format | 26-01-2015 | 2015-02400174 | |
| 30-06-2013 | full format | 18-11-2014 | 2014-67500029 | |
| 30-06-2012 | full format | 28-02-2013 | 2013-05600156 | |
| 30-06-2011 | full format | 01-02-2012 | 2012-02100264 | |
| 30-06-2010 | full format | 30-01-2011 | 2011-01800505 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17,631 | -15,231 | 4,222 | 4,214 | 17,850 | 15,342 | 21,171 | -3,752 | -13,724 | -25,708 | 12,326 | -7,533 | 29,115 | -14,393 | -10,453 | 31,542 | ||
| 17,202 | -17,042 | -642 | 184 | 13,100 | 10,325 | 17,615 | -9,152 | -27,511 | -35,522 | 4,574 | -16,383 | 23,967 | -16,797 | -10,104 | 24,167 | ||
| 0 | 40,000 | 2,194 | 1 | 826 | 14,866 | 1,169 | 0 | 2,912 | 90,890 | 140,170 | 103,520 | 38,515 | 8,064 | 1,500 | 8,593 | ||
| 3,991 | -2,107 | 73 | -2,495 | -9,318 | 268 | 10,818 | -492 | -37,904 | 38,305 | -208,564 | -73,120 | 263,992 | 15,685 | -14,352 | - | ||
| -455,775 | -472,977 | -418,012 | -240,193 | -225,664 | -223,521 | -211,755 | -216,372 | -195,643 | -152,826 | -93,935 | 151,334 | 277,860 | -7,326 | 10,485 | 22,626 | ||
| - | - | - | - | - | - | - | - | - | - | -1.0% | -70.4% | 47.4% | - | -46.5% | 39.1% | ||
| 45.6% | 44.5% | 49.3% | 50.7% | 51.2% | 49.8% | 42.7% | 41.6% | 43.7% | 46.1% | 54.5% | 46.0% | 5.9% | 3.9% | 58.8% | 73.0% | ||
| 0.03 | 0.03 | 0.03 | 0.04 | 0.06 | 0.10 | 0.11 | 0.08 | 0.08 | 0.27 | 0.47 | 2.09 | 8.70 | 0.87 | 1.98 | 3.38 | ||
| 0.03 | 0.03 | 0.03 | 0.04 | 0.06 | 0.10 | 0.11 | 0.08 | 0.08 | 0.27 | 0.12 | 1.70 | 8.70 | 0.87 | 1.98 | 3.38 | ||
| 1.19 | 1.25 | 1.03 | 0.97 | 0.95 | 1.01 | 1.34 | 1.40 | 1.29 | 1.17 | 0.83 | 1.17 | 15.94 | 24.61 | 0.70 | 0.37 | ||
| 1.2% | -8.2% | -3.5% | -3.1% | -0.2% | -0.8% | 2.1% | -6.2% | -11.8% | -13.0% | -1.9% | -6.9% | 89.2% | -894.9% | -77.4% | 77.5% | ||
| 0.6% | -3.7% | -1.7% | -1.6% | -0.1% | -0.4% | 0.9% | -2.6% | -5.1% | -6.0% | -1.1% | -3.2% | 5.3% | -34.9% | -45.5% | 56.5% | ||
| 60.38 | -62.42 | 0.89 | 0.97 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 0 days | 0 days | 2 days | 164 days | 210 days | - | 219 days | 10 days | ||
| - | - | - | - | - | - | - | - | 20 days | 46 days | 192 days | 488 days | 58 days | - | 31 days | 11 days |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €40,000 | €2,194 | - |
| €12,349 | €14,936 | €14,128 | €13,841 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on IR 4
The operating result for 2025 is a profit of €5,282, after a loss of €30,167 in 2024. It is the highest result since 2019.
Debt's share of the balance-sheet total falls from 55.5% to 54.4%. Equity is higher and debt is lower.