Law & Code
Annual accounts 2025
full format, filed on 24-08-2026, 24 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €545,462 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
545,462 | 513,425 | 339,564 | 161,780 | 53,379 | 53,499 | |
21/28 |
382,827 | 337,830 | 157,501 | 157,501 | 43,401 | 43,401 | |
28 |
382,827 | 337,830 | 157,501 | 157,501 | 43,401 | 43,401 | |
29/58 |
162,635 | 175,595 | 182,063 | 4,279 | 9,978 | 10,098 | |
40/41 |
157,990 | 171,441 | 177,865 | - | - | 735 | |
40 |
2,411 | - | 292 | - | - | - | |
41 |
155,579 | 171,441 | 177,573 | - | - | 735 | |
54/58 |
4,593 | 4,155 | 4,147 | 4,279 | 9,978 | 9,363 | |
490/1 |
52 | - | 52 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
545,462 | 513,425 | 339,564 | 161,780 | 53,379 | 53,499 | |
10/15 |
541,782 | 502,437 | 336,574 | 153,535 | 43,691 | 50,764 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
479,200 | 440,200 | 271,200 | 91,535 | - | - | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | - | - | |
133 |
473,000 | 434,000 | 265,000 | 85,335 | - | - | |
14 |
582 | 237 | 3,374 | - | -18,309 | -11,236 | |
17/49 |
3,680 | 10,988 | 2,991 | 8,245 | 9,688 | 2,735 | |
42/48 |
3,680 | 10,988 | 2,991 | 8,245 | 9,688 | 2,735 | |
44 |
3,680 | 10,988 | 2,991 | 2,307 | 2,144 | 2,735 | |
440/4 |
3,680 | 10,988 | 2,991 | 2,307 | 2,144 | 2,735 | |
47/48 |
- | - | - | 5,938 | 7,544 | - | |
| Income statement | |||||||
70 |
- | 126,675 | - | - | - | - | |
9900 |
-12,664 | 59,483 | -9,156 | -6,535 | -6,107 | -8,041 | |
60/61 |
12,664 | 67,191 | 9,156 | 6,535 | 6,107 | 8,041 | |
62 |
- | - | - | 121 | 115 | 146 | |
630 |
- | - | - | - | - | 1,336 | |
640/8 |
682 | 665 | 850 | 604 | 610 | 1,532 | |
9901 |
-13,346 | 58,818 | -10,006 | -7,260 | -6,831 | -11,055 | |
75/76B |
52,800 | 207,903 | 193,364 | 117,600 | - | - | |
75 |
3,203 | 207,903 | 193,364 | - | - | - | |
76B |
49,597 | - | - | 117,600 | - | - | |
65/66B |
108 | 100,858 | 319 | 497 | 242 | 181 | |
65 |
108 | 100,858 | 319 | 497 | 242 | 181 | |
9903 |
39,345 | 165,863 | 183,039 | 109,844 | -7,073 | -11,236 | |
9904 |
39,345 | 165,863 | 183,039 | 109,844 | -7,073 | -11,236 | |
9905 |
39,345 | 165,863 | 183,039 | 109,844 | -7,073 | -11,236 | |
| Appropriation of the result | |||||||
9906 |
39,582 | 169,237 | 183,039 | 91,535 | -18,309 | -11,236 | |
14P |
237 | 3,374 | - | -18,309 | -11,236 | - | |
691/2 |
39,000 | 169,000 | 179,665 | 91,535 | - | - | |
6920 |
- | - | - | 6,200 | - | - | |
6921 |
39,000 | 169,000 | 179,665 | 85,335 | - | - | |
| Document | |||||||
The notes to these accounts have 4 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 24-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425260.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-08-2026 | 2026-00425260 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00422857 | |
| 31-12-2023 | abbreviated format | 14-08-2024 | 2024-00353604 | |
| 31-12-2022 | abbreviated format | 04-08-2023 | 2023-00313559 | |
| 31-12-2021 | abbreviated format | 05-08-2022 | 2022-20276722 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34400577 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -9,719 | ||
| - | - | - | - | - | -9,900 | ||
| 45,000 | 4.9m | - | 157,500 | - | 43,401 | ||
| 438 | 8 | -132 | -5,699 | 615 | - | ||
| 158,955 | 164,607 | 179,073 | -3,966 | 290 | 7,363 | ||
| - | 46.4% | - | - | - | - | ||
| 99.3% | 97.9% | 99.1% | 94.9% | 81.9% | 94.9% | ||
| 44.20 | 15.98 | 60.88 | 0.52 | 1.03 | 3.69 | ||
| 0.01 | 0.02 | 0.01 | 0.05 | 0.22 | 0.05 | ||
| 7.3% | 33.0% | 54.4% | 71.5% | -16.2% | -22.1% | ||
| 7.2% | 32.3% | 53.9% | 67.9% | -13.3% | -21.0% | ||
| - | 494 days | - | - | - | - | ||
| 106 days | 60 days | 119 days | 129 days | 128 days | 124 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 |
|---|---|---|---|---|---|
| Financial fixed assets | €45,000 | €4.9m | - | €157,500 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Law & Code
The operating result for 2025 is a loss of €13,346, after a profit of €58,818 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total falls from 2.1% to 0.7%. Equity is higher and debt is lower.
- 2025 Net result -76% on 2024. The accounts now follow the full format, last year the abbreviated format.