LEAN FACTOR
Annual accounts 2025
micro format, filed on 07-07-2026, 24 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 ≈ €61,000. Estimated: probably between €27,000 and €120,000.
Balance sheet
balance sheet total €182,835 on 31-12-2025in euro
in euro
Position in the sector
85.3%
Higher than 83% of 41,246 companies in 2025.
6.61
Higher than 84% of 39,815 companies in 2025.
6.5%
Higher than 36% of 40,336 companies in 2025.
Net result: middle half · 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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
182,835 | 160,960 | 173,743 | 133,363 | 121,670 | 115,210 | 64,552 | 109,767 | 121,552 | 84,490 | 87,737 | 117,717 | 80,198 | |
21/28 |
5,108 | 7,490 | 81 | 163 | 244 | 325 | 406 | 1,024 | 1,642 | 1,392 | 3,060 | 3,474 | 3,791 | |
21 |
- | - | - | - | - | - | - | - | - | 525 | 1,425 | 2,325 | 3,225 | |
22/27 |
5,108 | 7,490 | 81 | 163 | 244 | 325 | 406 | 1,024 | 1,642 | 867 | 1,635 | 1,149 | 566 | |
22 |
- | - | - | - | - | - | 406 | 488 | 569 | 650 | 731 | - | - | |
23 |
- | - | - | - | - | - | - | 537 | 1,073 | - | - | - | - | |
24 |
5,108 | 7,490 | - | - | - | - | 0 | 0 | 0 | 217 | 904 | 1,149 | 566 | |
26 |
- | 0 | 81 | 163 | 244 | 325 | - | - | - | - | - | - | - | |
29/58 |
177,727 | 153,470 | 173,661 | 133,201 | 121,427 | 114,885 | 64,146 | 108,743 | 119,909 | 83,098 | 84,677 | 114,243 | 76,407 | |
3 |
- | - | - | - | 0 | 1,253 | 4,252 | 5,052 | 5,052 | 5,764 | 5,764 | 5,018 | 4,860 | |
30/36 |
- | - | - | - | 0 | 1,253 | 4,252 | 5,052 | 5,052 | 5,764 | 5,764 | 5,018 | 4,860 | |
40/41 |
13,920 | 236 | 6,988 | 12,705 | 26,716 | 20,300 | 12,046 | 10,358 | 15,350 | 13,666 | 14,520 | 27,851 | 14,644 | |
40 |
10,799 | 0 | 6,988 | 12,705 | 22,082 | 20,300 | 4,875 | 3,613 | 15,350 | 13,666 | 2,969 | 27,851 | 14,644 | |
41 |
3,121 | 236 | - | 0 | 4,634 | - | 7,172 | 6,745 | - | - | 11,551 | - | - | |
50/53 |
28,507 | 104,568 | 51,978 | 46,979 | 41,579 | 17,884 | 17,583 | 17,583 | 16,330 | 13,858 | 32,059 | 5,627 | 10,800 | |
54/58 |
133,865 | 47,269 | 113,277 | 72,239 | 51,771 | 74,397 | 30,265 | 75,749 | 83,178 | 49,810 | 32,334 | 75,748 | 46,104 | |
490/1 |
1,435 | 1,397 | 1,420 | 1,278 | 1,361 | 1,052 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
182,835 | 160,960 | 173,743 | 133,363 | 121,670 | 115,210 | 64,552 | 109,767 | 121,552 | 84,490 | 87,737 | 117,717 | 80,198 | |
10/15 |
155,958 | 144,121 | 159,224 | 121,100 | 114,788 | 89,695 | 55,924 | 76,149 | 86,078 | 61,219 | 75,366 | 72,916 | 52,138 | |
10/11 |
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 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
137,358 | 125,521 | 140,624 | 102,500 | 96,188 | 71,095 | 60,738 | 60,738 | 67,369 | 42,619 | 56,766 | 54,316 | 33,538 | |
130/1 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
137,358 | 125,521 | 140,624 | 102,500 | 94,328 | 69,235 | 58,878 | 58,878 | 65,509 | 40,759 | 54,906 | 52,456 | 31,678 | |
14 |
0 | 0 | 0 | 0 | 0 | - | -23,414 | -3,189 | 109 | - | - | - | - | |
17/49 |
26,877 | 16,839 | 14,518 | 12,264 | 6,883 | 25,515 | 8,629 | 33,618 | 35,474 | 23,271 | 12,372 | 44,802 | 28,061 | |
42/48 |
26,867 | 16,839 | 14,518 | 12,264 | 6,883 | 25,515 | 8,629 | 33,618 | 35,474 | 23,271 | 12,372 | 44,802 | 28,061 | |
44 |
1,081 | 940 | 741 | 1,179 | 824 | 1,857 | 4,655 | 318 | 1,020 | 395 | 143 | 502 | 359 | |
440/4 |
1,081 | 940 | 741 | 1,179 | 824 | 1,857 | 4,655 | 318 | 1,020 | 395 | 143 | 502 | 359 | |
45 |
8,099 | 1,242 | 3,547 | 3,462 | 1,592 | 8,151 | 200 | 21,007 | 18,935 | 9,494 | 2,018 | 26,736 | 19,190 | |
450/3 |
8,099 | 1,242 | 3,547 | 3,462 | 1,592 | 8,151 | 200 | 13,979 | 18,935 | 1,858 | 2,018 | 26,736 | 19,190 | |
454/9 |
- | - | - | - | - | - | - | 7,028 | - | 7,636 | - | - | - | |
47/48 |
17,688 | 14,658 | 10,231 | 7,622 | 4,467 | 15,508 | 3,773 | 12,292 | 15,519 | 13,382 | 10,212 | 17,563 | 8,512 | |
492/3 |
10 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
13,442 | 17,686 | 55,585 | 57,028 | 35,841 | 38,962 | -19,215 | -8,542 | 39,638 | -8,966 | 7,820 | 33,024 | 50,921 | |
630 |
2,383 | 1,369 | 81 | 81 | 81 | 81 | 618 | 618 | 1,360 | 1,668 | 1,877 | 1,728 | 1,782 | |
640/8 |
654 | 1,036 | 353 | 1,141 | 211 | 799 | 154 | 442 | 402 | - | 628 | 279 | 285 | |
9901 |
10,405 | 15,281 | 55,150 | 55,805 | 35,548 | 38,083 | -19,987 | -9,602 | 37,876 | -10,634 | 5,315 | 31,016 | 48,855 | |
75/76B |
7,819 | 349 | 284 | 862 | 344 | 271 | - | 54 | 73 | 49 | 137 | 120 | 10 | |
75 |
7,819 | 349 | 284 | 862 | 344 | 271 | - | 54 | 73 | 49 | 137 | 120 | 10 | |
65/66B |
1,216 | 986 | 580 | 315 | 389 | 406 | 38 | 156 | 20 | 292 | 1,220 | 1,260 | 123 | |
65 |
1,216 | 986 | 580 | 315 | 389 | 406 | 38 | 156 | 20 | 292 | 1,220 | 1,260 | 123 | |
9903 |
17,009 | 14,644 | 54,854 | 56,352 | 35,503 | 37,948 | -20,025 | -9,704 | 37,929 | -10,877 | 4,232 | 29,876 | 48,742 | |
67/77 |
5,172 | 4,997 | 15,930 | 15,912 | 10,410 | 3,377 | 200 | 225 | 13,070 | 3,269 | 1,782 | 9,098 | 15,204 | |
9904 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 34,571 | -20,225 | -9,929 | 24,859 | -14,147 | 2,450 | 20,778 | 33,538 | |
9905 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 34,571 | -20,225 | -9,929 | 24,859 | -14,147 | 2,450 | 20,778 | 33,538 | |
| Appropriation of the result | ||||||||||||||
9906 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 11,157 | -23,414 | -9,820 | 24,859 | -14,147 | 2,450 | 20,778 | 33,538 | |
14P |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | |
791/2 |
0 | 24,750 | 800 | 34,128 | - | - | - | 6,631 | - | 14,147 | - | - | - | |
691/2 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 10,357 | - | - | 24,750 | - | 2,450 | 20,778 | 33,538 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 10,357 | - | - | 24,750 | - | 2,450 | 20,778 | 31,678 | |
694/7 |
0 | 24,750 | 800 | 34,128 | 0 | 800 | - | - | - | - | - | - | - | |
694 |
0 | 24,750 | 800 | 34,128 | 0 | 800 | - | - | - | - | - | - | - | |
| 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 07-07-2026.
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 | 07-07-2026 | 2026-00260190 | |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00143227 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00162136 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00212553 | |
| 31-12-2021 | micro format | 13-06-2022 | 2022-20057924 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33300242 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38900063 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-43200545 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-61200177 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55700037 | |
| 31-12-2015 | abbreviated format | 18-07-2016 | 2016-33000253 | |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-37400368 | |
| 31-12-2013 | abbreviated format | 09-07-2014 | 2014-28800181 |
Subsidies and aid
Flemish government 2023 to 2024, 2 entries, €535 awarded, €535 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €283 | €283 |
| 2023 | 1 | €252 | €252 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,788 | 16,650 | 55,232 | 55,886 | 35,629 | 38,164 | -19,369 | -8,984 | 39,236 | -8,966 | 7,192 | 32,744 | 50,636 | ||
| 14,219 | 11,016 | 39,006 | 40,521 | 25,175 | 34,652 | -19,607 | -9,311 | 26,219 | -12,479 | 4,327 | 22,505 | 35,320 | ||
| 0 | 8,779 | 0 | 0 | 0 | -0 | 0 | 0 | 1,610 | 0 | 1,463 | 1,411 | 5,573 | ||
| 86,595 | -66,007 | 41,038 | 20,468 | -22,626 | 44,132 | -45,485 | -7,428 | 33,368 | 17,475 | -43,413 | 29,644 | - | ||
| 150,859 | 136,631 | 159,143 | 120,937 | 114,544 | 89,369 | 55,518 | 75,125 | 84,436 | 59,827 | 72,305 | 69,441 | 48,347 | ||
| 85.3% | 89.5% | 91.6% | 90.8% | 94.3% | 77.9% | 86.6% | 69.4% | 70.8% | 72.5% | 85.9% | 61.9% | 65.0% | ||
| 6.61 | 9.11 | 11.96 | 10.86 | 17.64 | 4.50 | 7.43 | 3.23 | 3.38 | 3.57 | 6.84 | 2.55 | 2.72 | ||
| 6.61 | 9.11 | 11.96 | 10.86 | 17.64 | 4.45 | 6.94 | 3.08 | 3.24 | 3.32 | 6.38 | 2.44 | 2.55 | ||
| 0.17 | 0.12 | 0.09 | 0.10 | 0.06 | 0.28 | 0.15 | 0.44 | 0.41 | 0.38 | 0.16 | 0.61 | 0.54 | ||
| 7.6% | 6.7% | 24.4% | 33.4% | 21.9% | 38.5% | -36.2% | -13.0% | 28.9% | -23.1% | 3.3% | 28.5% | 64.3% | ||
| 6.5% | 6.0% | 22.4% | 30.3% | 20.6% | 30.0% | -31.3% | -9.0% | 20.5% | -16.7% | 2.8% | 17.7% | 41.8% | ||
| 10.52 | 16.88 | 95.29 | over 100 | 91.52 | - | - | - | - | - | - | - | - |
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 | - | €8,779 | - | - | - |
| €2,383 | €1,369 | €81 | €81 | €81 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LEAN FACTOR
The operating result for 2025 is 32% lower than in 2024 and the lowest since 2019. It is the third fall in a row.
Debt's share of the balance-sheet total rises from 10.5% to 14.7%. Equity and debt are higher.