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Dissolved and wound upFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 27-03-2026 PDF all 27 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0
Total assets
€768,110▼ 5.9%
2025 · €816,031
Net result
-€12,680▼ 51.6%
2025 · -€8,362
Working capital
€0▼ 100%
2025 · €84,199
Multi-year overview
2018 to 2026, 9 financial yearsTurnover
no figure
2026
20182026
Operating result
-€12,662
2026
20182026
Net result
-€12,680
▼ 51.6%
2026
20182026
Equity
€0
▼ 100%
2026
20182026
Total assets
€768,110
▼ 5.9%
2026
20182026
Debt
€768,110
▲ 12×
2026
20182026
Working capital
€0
▼ 100%
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Turnover€0-
Operating result€0.03m-€0.07m▲ 161%-€0.007m€0.08m€0.07m▼ 14.3%€0.5m▲ 568%€0.1m▼ 78.5%€0.05m▼ 49.3%-€0.01m
Net result€0.01m-€0.04m▲ 213%-€0.02m€0.05m€0.05m▼ 12.3%€0.4m▲ 686%€0.06m▼ 82.5%-€0.008m-€0.01m▼ 51.6%
Equity€0.2m-€0.3m▲ 20.1%€0.2m▼ 6.3%€0.3m▲ 21.3%€0.3m▲ 16.3%€0.7m▲ 110%€0.8m▲ 9.2%€0.8m▼ 1.1%€0▼ 100%
Total assets€0.6m-€0.6m▲ 3.1%€0.6m▼ 6.4%€0.6m▲ 6.1%€0.6m▲ 3.7%€1.2m▲ 83.5%€1.1m▼ 5.0%€0.8m▼ 27.9%€0.8m▼ 5.9%
Debt€0.4m-€0.4m▼ 5.8%€0.4m▼ 6.4%€0.3m▼ 4.0%€0.3m▼ 6.8%€0.4m▲ 31.3%€0.3m▼ 29.0%€0.06m▼ 78.6%€0.8m▲ 12×
Working capital-€0.03m-€0.02m€0.02m▼ 38.3%€0.07m▲ 347%€0.1m▲ 74.2%-€0.003m-€0.02m▼ 681%€0.08m€0▼ 100%
The operating result for 2026 is a loss of €12,662, after a profit of €52,794 in 2025. It is the lowest result since 2018.
Key figures and ratios
EBITDA
-€12,662▼
2025 · €79,121
Cash flow
-€12,680▼
2025 · €17,964
Solvency
0.0%▼
2025 · 92.3%
Current ratio
1.00▼
2025 · 2.33
ROA
-1.7%▼
2025 · -1.0%
Interest coverage
-562.74▼
2025 · 34.36
Debt ≤ 1 year
€768,110▲
2025 · €63,241
Income taxes
€2▼
2025 · €134,171
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 | 05-03-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €75,000 | €25,000 | - | - |
| Mortgage mandates | €255,000 | €455,000 | €225,000 | - | - |
| Carrying value of the mortgaged assets | €260,707 | €898,473 | €248,990 | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 | 05-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €747,668 | €10,691 | - | - |
| Depreciation and write-downs of the year | €31,714 | €38,917 | €37,687 | €26,327 | €0 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | - | - | €18,897 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,799 | €35,636 | €33,637 | €32,573 | €31,714 | €38,917 | €37,687 | €26,327 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €3,555 | €3,996 | €4,029 | €1,656 | €9,133 | €20,335 | ▲ 123% |
| Gross operating margin9900 | €94,906 | €106,283 | €30,058 | €120,643 | €108,105 | €526,501 | €143,461 | €88,254 | €7,673 | ▼ 91.3% |
| Operating profit (loss)9901 | €25,848 | €67,425 | -€6,921 | €84,515 | €72,395 | €483,554 | €104,118 | €52,794 | -€12,662 | - |
| Financial income75/76B | - | - | - | €0 | €0 | - | €620 | €624 | €5 | ▼ 99.1% |
| Recurring financial income75 | €20 | €36 | €4 | €0 | €0 | - | €620 | €624 | €5 | ▼ 99.1% |
| Financial charges65/66B | - | - | - | €8,327 | €8,120 | €18,811 | €15,938 | €2,303 | €23 | ▼ 99.0% |
| Recurring financial charges65 | €7,029 | €8,902 | €8,699 | €8,327 | €8,120 | €18,811 | €15,938 | €2,303 | €23 | ▼ 99.0% |
| Profit (loss) for the period before taxes9903 | €18,839 | €58,559 | -€15,616 | €76,189 | €64,275 | €464,743 | €88,800 | €51,116 | -€12,679 | - |
| Transfer from deferred taxes780 | - | - | - | - | - | €1,821 | €2,391 | €74,693 | €0 | ▼ 100% |
| Transfer to deferred taxes680 | - | - | - | - | - | €78,905 | €0 | - | - | - |
| Income taxes67/77 | €5,419 | €16,537 | €265 | €23,183 | €17,771 | €21,999 | €27,074 | €134,171 | €2 | ▼ 100.0% |
| Profit (loss) for the period9904 | €13,419 | €42,022 | -€15,881 | €53,005 | €46,504 | €365,660 | €64,117 | -€8,362 | -€12,680 | ▼ 51.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €33,057 | €0 | €7,285 | €9,564 | €298,771 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €315,620 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,419 | €42,022 | -€15,881 | €86,062 | €46,504 | €57,324 | €73,681 | €290,409 | -€12,680 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.2m | €1.1m | €0.8m | €0.8m | ▼ 5.9% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | €1.0m | €0.9m | €0.7m | €0 | ▼ 100% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | €1.0m | €0.9m | €0.7m | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €0.4m | €0.3m | €0.9m | €0.9m | €0.6m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.07m | €0.06m | €0.05m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.001m | €0.003m | €0.002m | €0.002m | €0 | ▼ 100% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €0 | - | - | - |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.1m | €0.8m | ▲ 421% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.07m | €0.02m | €0.01m | €0.03m | €0.03m | €0.03m | €0.05m | €0.04m | €0.7m | ▲ 18× |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | €0.04m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.01m | €0.006m | €0.01m | €0.02m | €0.04m | €0.7m | ▲ 18× |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | €0.09m | €0.05m | ▼ 41.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.003m | €0 | - | €0.02m | €0 | ▼ 100% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.2m | €1.1m | €0.8m | €0.8m | ▼ 5.9% |
| Equity10/15 | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.7m | €0.8m | €0.8m | €0 | ▼ 100% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.7m | €0.7m | €0.7m | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | €0.3m | €0.3m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.7m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | - | -€0.01m | €0 | €0 | - | - | - | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.08m | €0.07m | €0 | - | - |
| Deferred taxes168 | - | - | - | - | - | €0.08m | €0.07m | €0 | - | - |
| Amounts payable17/49 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | €0.06m | €0.8m | ▲ 12× |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.08m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.2m | €0.08m | €0 | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.06m | €0.8m | ▲ 12× |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0 | - | - |
| Trade debts44 | €0.009m | €0.002m | €190 | €1 | €0.003m | €0.02m | €0.007m | €0.008m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €1 | €0.003m | €0.02m | €0.007m | €0.008m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.03m | €0.02m | €0.06m | €0.03m | ▼ 49.7% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.06m | €0.03m | ▼ 49.7% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | €0.002m | €0.002m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0 | €0.7m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.01m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,419 | €42,022 | -€15,881 | €53,005 | €46,504 | €365,660 | €64,117 | -€8,362 | -€12,680 | ▼ 51.6% |
| + Depreciation and write-downs630 | €65,799 | €35,636 | €33,637 | €32,573 | €31,714 | €38,917 | €37,687 | €26,327 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €79,219 | €77,657 | €17,757 | €85,578 | €78,218 | €404,577 | €101,804 | €17,964 | -€12,680 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,479 | €0 | -€663,148 | -€10,641 | €248,990 | €668,592 | ▲ 169% |
| Change in cash | - | €96,733 | €5,587 | €44,808 | €55,299 | -€77,936 | -€56,847 | -€47,900 | -€36,114 | ▲ 24.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 05-03-2026 | micro format | 27-03-2026 | 2026-00064326 | |
| 31-12-2025 | micro format | 19-03-2026 | 2026-00057316 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00282141 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00191380 | |
| 31-12-2022 | micro format | 11-04-2023 | 2023-00056744 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20101281 | |
| 31-12-2020 | micro format | 11-05-2021 | 2021-14000397 | |
| 31-12-2019 | micro format | 02-04-2020 | 2020-08400048 | |
| 31-12-2018 | micro format | 29-03-2019 | 2019-08600374 | |
| 31-12-2017 | micro format | 20-03-2018 | 2018-07200333 |