kpM
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 ≈ €140,000. Estimated: probably between €81,000 and €190,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €298,903 on 31-12-2025in euro
in euro
Position in the sector
87.7%
Higher than 86% of 39,360 companies in 2025.
4.90
Higher than 78% of 38,044 companies in 2025.
3.5%
Higher than 28% of 38,516 companies in 2025.
Net result: middle half · Equity: top quarter · 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 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
298,903 | 330,515 | 333,507 | 215,527 | 183,493 | 178,425 | 160,698 | 148,711 | 156,132 | 163,040 | 177,147 | 194,972 | 213,096 | 210,422 | 217,751 | 219,110 | 51,556 | 36,811 | |
21/28 |
183,964 | 201,674 | 228,855 | 128,978 | 119,682 | 128,174 | 125,740 | 132,047 | 138,353 | 147,188 | 156,022 | 164,857 | 173,691 | 171,386 | 177,066 | 184,245 | 2,618 | 3,491 | |
22/27 |
183,964 | 201,674 | 228,855 | 128,978 | 119,682 | 128,174 | 125,740 | 132,047 | 138,353 | 147,188 | 156,022 | 164,857 | 173,691 | 171,386 | 177,066 | 184,245 | 2,618 | 3,491 | |
22 |
87,900 | 94,207 | 100,513 | 106,820 | 113,127 | 119,433 | 125,740 | 132,047 | 138,353 | 144,660 | 150,966 | 157,273 | 163,580 | 169,886 | 176,193 | 182,500 | - | - | |
24 |
96,064 | 107,467 | 128,342 | 22,158 | 6,555 | 8,740 | - | - | - | 2,528 | 5,056 | 7,583 | 10,111 | 1,500 | 873 | 1,746 | 2,618 | 3,491 | |
29/58 |
114,939 | 128,842 | 104,652 | 86,549 | 63,811 | 50,251 | 34,959 | 16,664 | 17,779 | 15,852 | 21,125 | 30,116 | 39,405 | 39,036 | 40,685 | 34,865 | 48,937 | 33,320 | |
40/41 |
16,536 | 2,980 | 7,530 | 3,000 | 4,000 | 5,000 | 125 | 125 | 4,722 | 4,722 | 3,955 | 14,713 | 26,425 | 23,518 | 27,144 | 29,429 | 16,143 | 9,680 | |
40 |
10,947 | - | - | - | - | - | - | - | 3,104 | 3,104 | 3,104 | 13,069 | 12,784 | 21,212 | 22,464 | 22,464 | 12,784 | 9,680 | |
41 |
5,589 | 2,980 | 7,530 | 3,000 | 4,000 | 5,000 | 125 | 125 | 1,618 | 1,618 | 852 | 1,644 | 13,641 | 2,305 | 4,680 | 6,965 | 3,359 | - | |
54/58 |
98,403 | 125,861 | 92,121 | 78,549 | 59,811 | 45,251 | 34,833 | 16,539 | 13,056 | 11,130 | 17,170 | 15,402 | 12,980 | 10,952 | 13,541 | 5,437 | 32,794 | 23,640 | |
490/1 |
- | - | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | 4,566 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
298,903 | 330,515 | 333,507 | 215,527 | 183,493 | 178,425 | 160,698 | 148,711 | 156,132 | 163,040 | 177,147 | 194,972 | 213,096 | 210,422 | 217,751 | 219,110 | 51,556 | 36,811 | |
10/15 |
262,032 | 251,714 | 231,597 | 152,183 | 124,907 | 101,733 | 78,321 | 56,328 | 51,061 | 47,064 | 47,595 | 48,746 | 54,749 | 53,279 | 49,880 | 40,479 | 36,180 | 22,051 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
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 | 18,600 | |
101 |
- | - | - | - | - | 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 | |
13 |
255,832 | 245,514 | 225,397 | 145,983 | 118,707 | 95,533 | 72,121 | 50,128 | 44,861 | 41,079 | 41,079 | 41,079 | 41,079 | 38,680 | 34,279 | 29,980 | 15,851 | 1,860 | |
130/1 |
- | - | 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 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
255,832 | 245,514 | 223,537 | 144,123 | 116,847 | 93,673 | 70,261 | 48,268 | 43,001 | 39,219 | 39,219 | 39,219 | 39,219 | 36,820 | 32,419 | 28,120 | 13,991 | - | |
14 |
- | - | - | - | - | - | - | - | - | -215 | 316 | 1,467 | 7,469 | 8,399 | 9,401 | 4,298 | 14,130 | 13,991 | |
17/49 |
36,871 | 78,801 | 101,910 | 63,344 | 58,586 | 76,692 | 82,377 | 92,383 | 105,071 | 115,976 | 129,552 | 146,226 | 158,348 | 157,143 | 167,871 | 178,632 | 15,375 | 14,760 | |
17 |
13,405 | 28,843 | 48,043 | 17,540 | 30,215 | 42,868 | 55,346 | 67,670 | 79,775 | 93,131 | 107,676 | 120,941 | 133,849 | 136,135 | 145,803 | 155,132 | - | - | |
170/4 |
13,405 | 28,843 | 48,043 | 17,540 | 30,215 | 42,868 | 55,346 | 67,670 | 79,775 | 93,131 | 107,676 | 120,941 | 133,849 | 136,135 | 145,803 | 155,132 | - | - | |
42/48 |
23,466 | 49,958 | 53,867 | 45,804 | 28,371 | 33,824 | 27,031 | 24,713 | 25,296 | 22,844 | 21,876 | 25,285 | 24,498 | 21,009 | 22,068 | 23,500 | 15,375 | 14,760 | |
42 |
15,438 | 19,200 | 27,207 | 12,782 | 12,653 | 12,478 | 12,304 | 12,105 | 13,356 | 14,142 | 13,265 | 12,908 | 12,553 | 9,668 | 9,329 | 11,696 | 2,667 | - | |
44 |
- | 873 | 1,675 | 20,791 | 1,254 | 709 | 411 | 1,704 | 8,133 | 5,650 | 1,985 | 3,612 | 6,087 | 4,623 | 4,172 | 5,798 | 1,008 | 1,882 | |
440/4 |
- | 873 | 1,675 | 20,791 | 1,254 | 709 | 411 | 1,704 | 8,133 | 5,650 | 1,985 | 3,612 | 6,087 | 4,623 | 4,172 | 5,798 | 1,008 | 1,882 | |
45 |
8,024 | 29,881 | 24,981 | 12,227 | 11,632 | 17,352 | 11,384 | 9,210 | 3,289 | 2,535 | 5,783 | 7,873 | 5,858 | 6,232 | 5,842 | 5,717 | 11,411 | 12,878 | |
450/3 |
5,744 | 27,600 | 22,700 | 9,946 | 9,352 | 14,202 | 8,233 | 6,060 | 2,849 | 2,535 | 3,698 | 7,873 | 5,858 | 6,232 | 5,842 | 3,017 | 8,711 | 8,056 | |
454/9 |
2,281 | 2,281 | 2,281 | 2,281 | 2,281 | 3,151 | 3,151 | 3,151 | 441 | - | 2,086 | - | - | - | - | 2,700 | 2,700 | 4,822 | |
47/48 |
4 | 4 | 4 | 4 | 2,833 | 3,284 | 2,933 | 1,694 | 518 | 518 | 843 | 891 | - | 486 | 2,726 | 290 | 290 | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 95,000 | - | |
9900 |
46,487 | 60,270 | 145,367 | 52,094 | 45,085 | 45,100 | 41,725 | 19,449 | 22,655 | 20,854 | 32,635 | 15,940 | 34,179 | 30,319 | 28,223 | 34,813 | 22,024 | 27,721 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 73,251 | - | |
630 |
25,659 | 27,182 | 30,952 | 9,000 | 8,492 | 8,492 | 6,307 | 6,307 | 8,834 | 8,834 | 8,834 | 8,834 | 8,834 | 8,679 | 7,179 | 7,179 | 873 | 1,673 | |
640/8 |
1,649 | 1,590 | 2,910 | 2,271 | 2,142 | 1,424 | 1,499 | 1,359 | 1,839 | 1,664 | 2,194 | 2,548 | 7,022 | 2,317 | 1,631 | 11,605 | 1,160 | 3,552 | |
9901 |
19,178 | 31,498 | 111,505 | 40,823 | 34,451 | 35,185 | 33,918 | 11,783 | 11,982 | 10,356 | 21,607 | 4,557 | 18,323 | 19,322 | 19,412 | 16,028 | 19,991 | 22,496 | |
75/76B |
- | 442 | - | - | - | - | - | - | - | - | 2 | 10 | - | 16 | - | - | - | 39 | |
75 |
- | 442 | - | - | - | - | - | - | - | - | 2 | 10 | - | 16 | - | - | - | 39 | |
65/66B |
1,885 | 2,804 | 1,495 | 1,267 | 1,136 | 1,214 | 1,426 | 1,641 | 1,854 | 2,505 | 3,678 | 4,214 | 4,995 | 5,957 | 5,775 | 5,126 | 146 | 32 | |
65 |
1,885 | 2,804 | 1,495 | 1,267 | 1,136 | 1,214 | 1,426 | 1,641 | 1,854 | 2,505 | 3,678 | 4,214 | 4,995 | 5,957 | 5,775 | 5,126 | 146 | 32 | |
9903 |
17,294 | 29,137 | 110,010 | 39,556 | 33,315 | 33,971 | 32,492 | 10,142 | 10,128 | 7,851 | 17,931 | 354 | 13,328 | 13,381 | 13,638 | 10,903 | 19,845 | 22,503 | |
67/77 |
6,976 | 9,020 | 30,596 | 12,281 | 10,142 | 10,559 | 10,499 | 4,875 | 6,131 | 3,382 | 9,083 | 3,356 | 5,858 | 4,982 | 4,236 | 6,604 | 5,715 | 6,652 | |
9904 |
10,318 | 20,117 | 79,414 | 27,276 | 23,174 | 23,412 | 21,993 | 5,267 | 3,997 | 4,469 | 8,849 | -3,002 | 7,469 | 8,399 | 9,401 | 4,298 | 14,130 | 15,851 | |
9905 |
10,318 | 20,117 | 79,414 | 27,276 | 23,174 | 23,412 | 21,993 | 5,267 | 3,997 | 4,469 | 8,849 | -3,002 | 7,469 | 8,399 | 9,401 | 4,298 | 14,130 | 15,851 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
10,318 | 20,117 | 79,414 | 27,276 | 23,174 | 23,412 | 21,993 | 5,267 | 3,781 | 4,785 | 10,316 | 4,467 | 15,869 | 17,800 | 13,700 | 18,428 | 28,120 | 15,851 | |
791/2 |
- | 1,860 | - | - | - | - | - | - | 215 | - | - | - | - | - | - | - | - | - | |
691/2 |
10,318 | 21,977 | 79,414 | 27,276 | 23,174 | 23,412 | 21,993 | 5,267 | 3,997 | - | - | - | 2,399 | 4,401 | 4,298 | 14,130 | 13,991 | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
10,318 | 21,977 | 79,414 | 27,276 | 23,174 | 23,412 | 21,993 | 5,267 | 3,997 | - | - | - | 2,399 | 4,401 | 4,298 | 14,130 | 13,991 | - | |
694/7 |
- | - | - | - | - | - | - | - | - | 5,000 | 10,000 | 3,000 | 6,000 | 5,000 | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,000 | 5,000 | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 5,000 | 10,000 | 3,000 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 8 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 | 2026-00223122 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00173552 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00164295 | |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00108456 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20052702 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23400179 | |
| 31-12-2019 | micro format | 14-08-2020 | 2020-41000200 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-38800451 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-23700552 | |
| 31-12-2016 | micro format | 19-07-2017 | 2017-32500166 | |
| 31-12-2015 | abbreviated format | 11-08-2016 | 2016-41500331 | |
| 31-12-2014 | abbreviated format | 25-06-2015 | 2015-20700196 | |
| 31-12-2013 | abbreviated format | 23-07-2014 | 2014-32700560 | |
| 31-12-2012 | abbreviated format | 15-07-2013 | 2013-29800147 | |
| 31-12-2011 | abbreviated format | 24-07-2012 | 2012-32400117 | |
| 31-12-2010 | abbreviated format | 11-08-2011 | 2011-39000244 | |
| 31-12-2009 | abbreviated format | 08-06-2010 | 2010-15400001 | |
| 31-12-2008 | abbreviated format | 02-07-2009 | 2009-33900052 |
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 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,838 | 58,680 | 142,457 | 49,823 | 42,943 | 43,676 | 40,225 | 18,090 | 20,816 | 19,190 | 30,441 | 13,392 | 27,157 | 28,001 | 26,592 | 23,208 | 20,864 | 24,169 | ||
| 35,977 | 47,299 | 110,366 | 36,276 | 31,666 | 31,904 | 28,300 | 11,574 | 12,831 | 13,303 | 17,683 | 5,832 | 16,304 | 17,079 | 16,581 | 11,478 | 15,003 | 17,524 | ||
| 7,950 | 0 | 130,829 | 18,296 | 0 | 10,925 | 0 | 0 | 0 | 0 | 0 | 0 | 12,639 | 3,000 | 0 | 188,806 | 0 | 5,164 | ||
| -27,458 | 33,740 | 13,572 | 18,738 | 14,560 | 10,418 | 18,294 | 3,483 | 1,926 | -6,040 | 1,767 | 2,422 | 2,028 | -2,589 | 8,105 | -27,357 | 9,154 | - | ||
| 91,473 | 78,883 | 50,785 | 40,745 | 35,440 | 16,427 | 7,927 | -8,049 | -7,518 | -6,992 | -751 | 4,831 | 14,907 | 18,027 | 18,617 | 11,365 | 33,562 | 18,560 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.0% | - | ||
| 87.7% | 76.2% | 69.4% | 70.6% | 68.1% | 57.0% | 48.7% | 37.9% | 32.7% | 28.9% | 26.9% | 25.0% | 25.7% | 25.3% | 22.9% | 18.5% | 70.2% | 59.9% | ||
| 4.90 | 2.58 | 1.94 | 1.89 | 2.25 | 1.49 | 1.29 | 0.67 | 0.70 | 0.69 | 0.97 | 1.19 | 1.61 | 1.86 | 1.84 | 1.48 | 3.18 | 2.26 | ||
| 0.14 | 0.31 | 0.44 | 0.42 | 0.47 | 0.75 | 1.05 | 1.64 | 2.06 | 2.46 | 2.72 | 3.00 | 2.89 | 2.95 | 3.37 | 4.41 | 0.42 | 0.67 | ||
| 3.9% | 8.0% | 34.3% | 17.9% | 18.6% | 23.0% | 28.1% | 9.4% | 7.8% | 9.5% | 18.6% | -6.2% | 13.6% | 15.8% | 18.8% | 10.6% | 39.1% | 71.9% | ||
| 3.5% | 6.1% | 23.8% | 12.7% | 12.6% | 13.1% | 13.7% | 3.5% | 2.6% | 2.7% | 5.0% | -1.5% | 3.5% | 4.0% | 4.3% | 2.0% | 27.4% | 43.1% | ||
| 23.79 | 20.93 | 95.30 | 39.33 | 37.81 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49 days | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5 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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,950 | - | €130,829 | €18,296 | - |
| €25,659 | €27,182 | €30,952 | €9,000 | €8,492 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on kpM
The operating result for 2025 is 39% lower than in 2024 and the lowest since 2018. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 23.8% to 12.3%. Equity is higher and debt is lower.