LESS
Annual accounts 2025
abbreviated format, filed on 25-02-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.7m. Estimated: probably between €1.0m and €2.5m.
Balance sheet
balance sheet total €838,276 on 31-07-2025in euro
in euro
Position in the sector
19.6%
Higher than 31% of 12,856 companies in 2025.
0.71
Higher than 15% of 12,646 companies in 2025.
6.7%
Higher than 60% of 12,719 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€62,119
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 2 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
838,276 | 794,281 | 774,451 | 705,636 | 569,159 | |
20 |
0 | 66 | 802 | 1,254 | 1,705 | |
21/28 |
604,332 | 587,197 | 654,753 | 578,665 | 431,236 | |
21 |
9,818 | 0 | 1,714 | 2,859 | 4,004 | |
22/27 |
594,514 | 587,197 | 653,038 | 575,806 | 427,233 | |
22 |
377,016 | 378,911 | 346,388 | 314,576 | 312,361 | |
23 |
94,322 | 113,267 | 157,790 | 83,090 | 61,051 | |
24 |
50,461 | 8,515 | 37,074 | 52,564 | 53,821 | |
25 |
72,714 | 86,504 | 111,786 | 125,576 | - | |
29/58 |
233,944 | 207,017 | 118,896 | 125,718 | 136,218 | |
3 |
47,999 | 50,170 | 49,902 | 56,117 | 29,398 | |
30/36 |
47,999 | 50,170 | 49,902 | 48,617 | 29,398 | |
37 |
- | - | 0 | 7,500 | - | |
40/41 |
120,960 | 103,272 | 34,615 | 48,672 | 87,907 | |
40 |
116,563 | 102,251 | 25,222 | 37,320 | 82,307 | |
41 |
4,397 | 1,021 | 9,393 | 11,352 | 5,600 | |
54/58 |
49,348 | 43,179 | 26,931 | 15,068 | 16,878 | |
490/1 |
15,638 | 10,396 | 7,449 | 5,862 | 2,035 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
838,276 | 794,281 | 774,451 | 705,636 | 569,159 | |
10/15 |
163,897 | 107,813 | 103,922 | 82,235 | 42,630 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
143,250 | 87,250 | 83,500 | 62,000 | 22,500 | |
133 |
143,250 | 87,250 | 83,500 | 62,000 | 22,500 | |
14 |
647 | 563 | 422 | 235 | 130 | |
17/49 |
674,379 | 686,468 | 670,529 | 623,402 | 526,530 | |
17 |
346,139 | 412,528 | 456,715 | 439,500 | 403,692 | |
170/4 |
301,139 | 377,528 | 416,880 | 388,665 | 352,858 | |
178/9 |
45,000 | 35,000 | 39,834 | 50,834 | 50,834 | |
42/48 |
327,528 | 273,900 | 213,330 | 183,819 | 122,838 | |
42 |
103,795 | 86,884 | 91,070 | 69,521 | 52,148 | |
44 |
167,584 | 116,140 | 93,475 | 62,393 | 67,118 | |
440/4 |
167,584 | 116,140 | 93,475 | 62,393 | 67,118 | |
46 |
0 | 36,000 | 12,500 | 35,722 | - | |
45 |
46,349 | 27,550 | 15,681 | 2,809 | 3,571 | |
450/3 |
23,087 | 20,607 | 8,220 | 2,809 | 3,571 | |
454/9 |
23,262 | 6,943 | 7,461 | - | - | |
47/48 |
9,800 | 7,326 | 604 | 13,374 | - | |
492/3 |
712 | 40 | 484 | 83 | - | |
| Income statement | ||||||
76A |
0 | 22,250 | - | - | - | |
9900 |
312,722 | 394,752 | 175,660 | 121,599 | 83,514 | |
62 |
149,085 | 201,613 | 70,812 | 6,399 | - | |
630 |
68,987 | 138,977 | 70,930 | 62,364 | 44,918 | |
631/4 |
- | 0 | -250 | - | - | |
640/8 |
4,058 | 7,265 | 3,168 | 3,015 | 4,527 | |
9901 |
90,593 | 46,898 | 31,000 | 49,820 | 34,069 | |
75/76B |
140 | 537 | 53 | 96 | 550 | |
75 |
140 | 537 | 53 | 96 | 550 | |
65/66B |
15,404 | 34,196 | 8,540 | 7,590 | 9,807 | |
65 |
15,404 | 34,196 | 8,540 | 7,590 | 9,807 | |
9903 |
75,329 | 13,239 | 22,512 | 42,327 | 24,812 | |
67/77 |
19,245 | 9,348 | 825 | 2,723 | 2,182 | |
9904 |
56,084 | 3,891 | 21,687 | 39,605 | 22,630 | |
9905 |
56,084 | 3,891 | 21,687 | 39,605 | 22,630 | |
| Appropriation of the result | ||||||
9906 |
56,647 | 4,313 | 21,922 | 39,735 | 22,630 | |
14P |
563 | 422 | 235 | 130 | - | |
691/2 |
56,000 | 3,750 | 21,500 | 39,500 | 22,500 | |
6921 |
56,000 | 3,750 | 21,500 | 39,500 | 22,500 | |
| Social balance sheet | ||||||
9087 |
2.4 | 2.1 | 1.3 | 0.2 | - | |
Hours worked1013 |
4,095 | 4,066 | 2,354 | 468 | - | |
| Document | ||||||
The notes to these accounts have 23 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 25-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-07-2025 | abbreviated format | 25-02-2026 | 2026-00043513 | |
| 31-07-2024 | micro format | 07-02-2025 | 2025-00033678 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00083504 | |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20007728 | |
| 30-09-2020 | micro format | 18-02-2021 | 2021-05800005 |
Subsidies and aid
Flemish government 2022 to 2025, 3 entries, €2,170 awarded, €3,155 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,835 | €1,095 |
| 2023 | 1 | €0 | €1,725 |
| 2022 | 1 | €335 | €335 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 159,580 | 185,875 | 101,930 | 112,185 | 78,987 | ||
| 125,071 | 142,867 | 92,618 | 101,969 | 67,548 | ||
| 86,055 | 208,586 | 146,567 | 209,341 | 475,602 | ||
| 6,169 | - | 11,863 | -1,810 | - | ||
| -93,584 | -66,883 | -94,434 | -58,101 | 13,380 | ||
| 19.6% | 13.6% | 13.4% | 11.7% | 7.5% | ||
| 0.71 | 0.76 | 0.56 | 0.68 | 1.11 | ||
| 0.57 | 0.57 | 0.32 | 0.38 | 0.87 | ||
| 4.11 | 6.37 | 6.45 | 7.58 | 12.35 | ||
| 34.2% | 3.6% | 20.9% | 48.2% | 53.1% | ||
| 6.7% | 0.5% | 2.8% | 5.6% | 4.0% | ||
| 10.36 | 5.44 | 11.94 | 14.78 | - |
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.
Social balance sheet
| Item | 31-07-2025 | 31-07-2024 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 | 1 |
| full-time | 2 | 2 | 1 | 1 |
| part-time | 1 | 0 | 1 | - |
| in full-time equivalents | 2.8 | 2 | 1.5 | 1 |
| 2.4 | 2.1 | 1.3 | 0.2 | |
| On a permanent contract | 3 | 2 | 2 | - |
| Joined | 2 | 4 | 2 | 1 |
| Left | 1 | 4 | 1 | 0 |
| Training hours | - | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 31-07-2025 | 31-07-2024 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €225,191 | - | - | - |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 |
| €234,375 | €234,375 | €234,375 | €234,375 | |
| Carrying value of the mortgaged assets | €470,965 | €378,911 | €346,388 | €314,576 |
| €220,000 | €220,000 | €220,000 | €220,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 31-07-2025 | 31-07-2024 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Tangible fixed assets | €76,237 | €208,586 | €146,567 | €209,341 |
| Intangible fixed assets | €9,818 | - | - | - |
| €68,987 | €138,977 | €70,930 | €62,364 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LESS
The operating result for 2025 is 93% higher than in 2024 and the highest since 2020.
Debt's share of the balance-sheet total falls from 86.4% to 80.4%. Equity is higher and debt is lower.