LIGHT DATA
InactiveFinancials · financial year 2026, micro format
Equity
€18,600▼ 92.1%
2025 · €235,483
Total assets
€208,999▼ 14.5%
2025 · €244,391
Net result
-€26,484▲ 24.4%
2025 · -€35,046
Working capital
€18,600▼ 92.0%
2025 · €231,883
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result stays negative: a loss of €27,309 in 2026 against €39,187 in 2025; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€27,309
2026
Net result-€26,484
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€208,999
2026
Equity€18,600
2026
Debt€190,399
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€18,600
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€60,115-€68,967▲ 14.7%€72,295▲ 4.8%€50,641▼ 30.0%€58,863▲ 16.2%€53,645▼ 8.9%-€39,187-€27,309▲ 30.3%
Net result€45,664-€43,237▼ 5.3%€47,722▲ 10.4%€31,576▼ 33.8%€37,383▲ 18.4%€41,462▲ 10.9%-€35,046-€26,484▲ 24.4%
Equity€105,248-€148,485▲ 41.1%€170,707▲ 15.0%€179,284▲ 5.0%€229,067▲ 27.8%€270,529▲ 18.1%€235,483▼ 13.0%€18,600▼ 92.1%
Total assets€124,708-€184,999▲ 48.3%€229,305▲ 23.9%€208,276▼ 9.2%€253,160▲ 21.6%€287,408▲ 13.5%€244,391▼ 15.0%€208,999▼ 14.5%
Debt€15,460-€32,514▲ 110%€54,597▲ 67.9%€24,993▼ 54.2%€20,093▼ 19.6%€12,878▼ 35.9%€4,907▼ 61.9%€190,399▲ 39×
Working capital€104,774-€145,177▲ 38.6%€132,943▼ 8.4%€151,085▲ 13.6%€206,715▲ 36.8%€257,401▲ 24.5%€231,883▼ 9.9%€18,600▼ 92.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €208,999
Equity
€18,600 ▼ 92.1%
Provisions
€0 ▼ 100%
Debt
€190,399 ▲ 39×
Debt's share of the balance-sheet total rises from 2.0% to 91.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.10▼
2025 · 48.25
Debt to equity
10.24▲
2025 · 0.02
ROE
-142.4%▼
2025 · -14.9%
ROA
-12.7%▲
2025 · -14.3%
Debt ≤ 1 year
€190,399▲
2025 · €4,907
Income taxes
€159▼
2025 · €295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,286 | €2,777 | €3,770 | €9,175 | €9,326 | €10,332 | €9,819 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | -€4,000 | - |
| Other operating charges640/8 | - | - | - | €594 | €755 | €663 | €744 | €1,580 | ▲ 112% |
| Gross operating margin9900 | €63,372 | €72,236 | €77,743 | €60,410 | €68,944 | €64,640 | -€28,624 | -€29,729 | ▼ 3.9% |
| Operating profit (loss)9901 | €60,115 | €68,967 | €72,295 | €50,641 | €58,863 | €53,645 | -€39,187 | -€27,309 | ▲ 30.3% |
| Financial income75/76B | - | - | - | - | €2 | €4,789 | €5,443 | €1,154 | ▼ 78.8% |
| Recurring financial income75 | - | - | - | - | €2 | €4,789 | €5,443 | €1,154 | ▼ 78.8% |
| Financial charges65/66B | - | - | - | €1,154 | €837 | €154 | €1,007 | €170 | ▼ 83.2% |
| Recurring financial charges65 | €495 | €335 | €1,142 | €1,154 | €837 | €154 | €1,007 | €170 | ▼ 83.2% |
| Profit (loss) for the period before taxes9903 | €59,620 | €68,632 | €71,153 | €49,487 | €58,028 | €58,280 | -€34,751 | -€26,325 | ▲ 24.2% |
| Income taxes67/77 | €13,956 | €25,395 | €23,431 | €17,911 | €20,645 | €16,818 | €295 | €159 | ▼ 46.1% |
| Profit (loss) for the period9904 | €45,664 | €43,237 | €47,722 | €31,576 | €37,383 | €41,462 | -€35,046 | -€26,484 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €45,664 | €43,237 | €47,722 | €31,576 | €37,383 | €41,462 | -€35,046 | -€26,484 | ▲ 24.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €124,708 | €184,999 | €229,305 | €208,276 | €253,160 | €287,408 | €244,391 | €208,999 | ▼ 14.5% |
| Fixed assets21/28 | €4,474 | €8,195 | €42,385 | €33,210 | €26,779 | €17,418 | €7,600 | - | - |
| Tangible fixed assets22/27 | €4,199 | €7,920 | €42,110 | €32,935 | €26,504 | €17,143 | €7,325 | - | - |
| Furniture and vehicles24 | - | - | - | €30,610 | €25,169 | €16,798 | €7,325 | - | - |
| Other tangible fixed assets26 | - | - | - | €2,325 | €1,335 | €345 | - | - | - |
| Financial fixed assets28 | €275 | €275 | €275 | €275 | €275 | €275 | €275 | - | - |
| Current assets29/58 | €120,234 | €176,803 | €186,920 | €175,067 | €226,381 | €269,989 | €236,791 | €208,999 | ▼ 11.7% |
| Amounts receivable within one year40/41 | €42,894 | €41,270 | €32,859 | €35,759 | €22,502 | €11,400 | €21,419 | €26,671 | ▲ 24.5% |
| Trade receivables40 | - | - | - | €27,670 | €16,158 | €11,400 | - | - | - |
| Other amounts receivable41 | - | - | - | €8,089 | €6,344 | - | €21,419 | €26,671 | ▲ 24.5% |
| Current investments50/53 | - | - | - | - | €150,000 | €200,000 | - | - | - |
| Cash at bank and in hand54/58 | €76,444 | €134,775 | €153,049 | €138,522 | €52,916 | €57,626 | €214,352 | €182,328 | ▼ 14.9% |
| Deferred charges and accrued income490/1 | - | - | - | €785 | €964 | €963 | €1,019 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €124,708 | €184,999 | €229,305 | €208,276 | €253,160 | €287,408 | €244,391 | €208,999 | ▼ 14.5% |
| Equity10/15 | €105,248 | €148,485 | €170,707 | €179,284 | €229,067 | €270,529 | €235,483 | €18,600 | ▼ 92.1% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €99,048 | €142,285 | €164,507 | €173,084 | €210,467 | €251,929 | €216,883 | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €171,224 | €210,467 | €251,929 | €216,883 | - | - |
| Provisions and deferred taxes16 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €4,000 | €4,000 | €4,000 | €4,000 | - | - |
| Other liabilities and charges164/5 | - | - | - | €4,000 | €4,000 | €4,000 | €4,000 | - | - |
| Amounts payable17/49 | €15,460 | €32,514 | €54,597 | €24,993 | €20,093 | €12,878 | €4,907 | €190,399 | ▲ 39× |
| Amounts payable within one year42/48 | €15,460 | €31,627 | €53,978 | €23,982 | €19,666 | €12,588 | €4,907 | €190,399 | ▲ 39× |
| Financial debts43 | - | - | - | €3,543 | €3,574 | €3,137 | €3,573 | - | - |
| Credit institutions430/8 | - | - | - | €3,543 | €3,574 | €3,137 | €3,573 | - | - |
| Trade debts44 | €1,200 | €2,709 | €1,755 | €1,646 | €1,566 | €944 | €1,334 | - | - |
| Suppliers440/4 | - | - | - | €1,646 | €1,566 | €944 | €1,334 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,291 | €14,526 | €8,065 | - | - | - |
| Taxes450/3 | - | - | - | €8,098 | €14,526 | €8,065 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €1,193 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €9,503 | - | €442 | - | €190,399 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,011 | €427 | €290 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,664 | €43,237 | €47,722 | €31,576 | €37,383 | €41,462 | -€35,046 | -€26,484 | ▲ 24.4% |
| + Depreciation and write-downs630 | €2,286 | €2,777 | €3,770 | €9,175 | €9,326 | €10,332 | €9,819 | - | - |
| Operating cash flow (approximation) | €47,951 | €46,014 | €51,492 | €40,751 | €46,709 | €51,794 | -€25,227 | -€26,484 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | -€6,499 | -€37,959 | €0 | -€2,895 | -€971 | €0 | - | - |
| Change in cash | - | €58,331 | €18,274 | -€14,527 | -€85,606 | €4,711 | €156,726 | -€32,025 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 23-09-2026 | micro format | 01-10-2026 | 2026-00544007 |
| 30-09-2025 | micro format | 27-03-2026 | 2026-00064784 |
| 30-09-2024 | micro format | 03-04-2025 | 2025-00064038 |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00071886 |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00077615 |
| 30-09-2021 | micro format | 24-03-2022 | 2022-08600062 |
| 30-09-2020 | micro format | 01-06-2021 | 2021-16600284 |
| 30-09-2019 | micro format | 18-03-2020 | 2020-06900027 |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07600465 |
| 30-09-2017 | micro format | 19-04-2018 | 2018-10000431 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.