KeDa Code
Annual accounts 2025
micro format, filed on 02-06-2026, 59 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 ≈ €210,000. Estimated: probably between €170,000 and €260,000.
Balance sheet
balance sheet total €181,399 on 31-12-2025in euro
in euro
Position in the sector
78.3%
Higher than 72% of 21,206 companies in 2025.
5.48
Higher than 77% of 20,569 companies in 2025.
33.7%
Higher than 72% of 20,744 companies in 2025.
Net result: top quarter · Equity: middle half · 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 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
181,399 | 132,779 | 91,994 | |
21/28 |
29,318 | 40,545 | 47,131 | |
22/27 |
29,318 | 40,545 | 47,131 | |
24 |
29,318 | 40,545 | 47,131 | |
29/58 |
152,081 | 92,234 | 44,862 | |
40/41 |
15,206 | 9,649 | 12,524 | |
40 |
11,350 | 9,649 | 12,524 | |
41 |
3,856 | - | - | |
50/53 |
32,749 | 49,375 | - | |
54/58 |
102,379 | 31,572 | 30,292 | |
490/1 |
1,747 | 1,638 | 2,047 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
181,399 | 132,779 | 91,994 | |
10/15 |
142,035 | 80,886 | 27,317 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
137,035 | 75,886 | 22,317 | |
133 |
137,035 | 75,886 | 22,317 | |
17/49 |
39,363 | 51,892 | 64,677 | |
17 |
8,320 | 22,008 | 35,002 | |
170/4 |
8,320 | 22,008 | 35,002 | |
42/48 |
27,733 | 26,414 | 26,311 | |
42 |
13,688 | 12,993 | 12,327 | |
44 |
147 | 220 | 263 | |
440/4 |
147 | 220 | 263 | |
45 |
12,345 | 12,246 | 13,367 | |
450/3 |
12,345 | 12,246 | 13,367 | |
47/48 |
1,554 | 954 | 354 | |
492/3 |
3,309 | 3,470 | 3,364 | |
| Income statement | ||||
76A |
3,027 | 1,000 | - | |
9900 |
88,499 | 87,498 | 37,172 | |
630 |
11,227 | 10,685 | 4,904 | |
635/8 |
326 | - | - | |
640/8 |
193 | 216 | 98 | |
9901 |
76,753 | 76,598 | 32,171 | |
75/76B |
3,020 | - | - | |
75 |
3,020 | - | - | |
65/66B |
1,574 | 2,239 | 1,221 | |
65 |
1,574 | 2,239 | 1,221 | |
9903 |
78,199 | 74,359 | 30,950 | |
67/77 |
17,050 | 20,790 | 8,632 | |
9904 |
61,149 | 53,569 | 22,317 | |
9905 |
61,149 | 53,569 | 22,317 | |
| Appropriation of the result | ||||
9906 |
61,149 | 53,569 | 22,317 | |
691/2 |
61,149 | 53,569 | 22,317 | |
6921 |
61,149 | 53,569 | 22,317 | |
| Document | ||||
The notes to these accounts have 5 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 02-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 87,980 | 87,283 | 37,075 | ||
| 72,376 | 64,254 | 27,221 | ||
| 0 | 4,098 | 52,035 | ||
| 70,807 | 1,280 | - | ||
| 124,347 | 65,820 | 18,551 | ||
| 78.3% | 60.9% | 29.7% | ||
| 5.48 | 3.49 | 1.71 | ||
| 0.28 | 0.64 | 2.37 | ||
| 43.1% | 66.2% | 81.7% | ||
| 33.7% | 40.3% | 24.3% | ||
| 55.88 | 38.99 | 30.36 |
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 |
|---|---|---|---|
| Tangible fixed assets | - | €4,098 | €52,035 |
| €11,227 | €10,685 | €4,904 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on KeDa Code
The operating result for 2025 is 0% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 39.1% to 21.7%. Equity is higher and debt is lower.