MASTERVIEW
Annual accounts 2026
abbreviated format, filed on 27-10-2026, 4 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 ≈ €160,000. Estimated: probably between €130,000 and €210,000.
Balance sheet
balance sheet total €1.7m on 31-03-2026in €m
in euro
Position in the sector
-84.4%
Lower than 95% of 10,855 companies in 2025.
18.85
Higher than 88% of 10,477 companies in 2025.
-6.8%
Lower than 95% of 10,724 companies in 2025.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.7m | 1.8m | 3.1m | 3.3m | 3.3m | 3.2m | 3.1m | 3.0m | 3.1m | 3.1m | 3.4m | 3.5m | 3.9m | 3.9m | 3.4m | 3.3m | 3.3m | 3.3m | 3.3m | 3.2m | |
21/28 |
1.2m | 1.2m | 2.5m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.3m | 1.1m | 960,487 | 3.0m | 3.1m | 3.0m | 3.1m | 3.1m | 3.2m | |
22/27 |
1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.3m | 1.1m | 960,487 | 541,331 | 583,834 | 549,124 | 583,154 | 621,769 | 651,341 | |
22 |
1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 740,485 | 762,356 | 792,727 | 501,156 | 531,446 | 540,892 | 565,534 | 592,627 | 609,337 | |
23 |
- | - | - | - | - | 323 | 646 | - | - | - | - | 478 | 956 | - | - | - | - | - | 1,440 | 4,319 | |
24 |
3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 15,750 | 27,963 | 40,175 | 52,388 | 8,232 | 17,620 | 27,702 | 37,684 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | 589,167 | 357,216 | 139,796 | - | - | - | - | - | - | |
28 |
- | - | 1.2m | - | - | - | - | - | - | - | - | - | - | - | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | |
29/58 |
472,346 | 596,224 | 679,544 | 2.0m | 2.0m | 1.9m | 1.8m | 1.7m | 1.7m | 1.6m | 1.9m | 2.2m | 2.8m | 3.0m | 316,858 | 204,478 | 218,865 | 262,388 | 183,164 | 6,125 | |
29 |
200,000 | - | - | - | - | - | - | - | - | - | - | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | |
291 |
200,000 | - | - | - | - | - | - | - | - | - | - | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | |
40/41 |
83,721 | 52,305 | 126,935 | 507,774 | 319,971 | 288,920 | 189,525 | 83,109 | 91,476 | 77,460 | 42,846 | 36,435 | 7,192 | 9,556 | 72,076 | 73,625 | 1,285 | 53,411 | 81,311 | - | |
40 |
42,721 | 49,562 | 107,044 | 99,932 | 105,333 | 68,998 | 35,210 | 54,606 | 80,221 | 58,165 | 30,546 | 34,309 | 4,867 | 9,556 | 71,914 | 73,497 | 1,053 | 46,536 | 52,987 | - | |
41 |
41,000 | 2,742 | 19,892 | 407,843 | 214,638 | 219,922 | 154,316 | 28,503 | 11,255 | 19,295 | 12,299 | 2,126 | 2,324 | - | 162 | 128 | 232 | 6,875 | 28,325 | - | |
50/53 |
175,568 | 530,892 | 446,529 | 1.4m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | - | - | - | - | 75,000 | 200,000 | 180,000 | 100,000 | - | |
54/58 |
10,442 | 5,596 | 95,627 | 37,938 | 44,784 | 38,230 | 21,187 | 23,251 | 27,143 | 12,604 | 318,788 | 645,983 | 1.2m | 1.4m | 244,782 | 55,853 | 17,580 | 28,977 | 1,853 | 6,125 | |
490/1 |
2,615 | 7,431 | 10,453 | 34,218 | 21,591 | 21,261 | 24,778 | 17,477 | 10,097 | 16,883 | 5,099 | 22,500 | 22,500 | 22,500 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.7m | 1.8m | 3.1m | 3.3m | 3.3m | 3.2m | 3.1m | 3.0m | 3.1m | 3.1m | 3.4m | 3.5m | 3.9m | 3.9m | 3.4m | 3.3m | 3.3m | 3.3m | 3.3m | 3.2m | |
10/15 |
-1.4m | -1.3m | 64,764 | -55,262 | 15,927 | 158,120 | 288,186 | 400,906 | 533,759 | 652,129 | 770,156 | 908,879 | 1.0m | 1.2m | 485,854 | 22,131 | 548,289 | 636,811 | 745,886 | 410,980 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | - | 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 | |
101 |
- | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-1.4m | -1.3m | 50,504 | -69,522 | 1,667 | 143,860 | 273,926 | 386,646 | 519,499 | 637,869 | 755,896 | 894,619 | 1.0m | 1.2m | 471,594 | 7,871 | 534,029 | 622,551 | 731,626 | 396,720 | |
16 |
3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 2.8m | 2.6m | 2.4m | 2.3m | 2.1m | 2.1m | 2.6m | 2.6m | 2.6m | 2.6m | 2.5m | 2.5m | 2.5m | 2.0m | |
160/5 |
3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 2.8m | 2.6m | 2.4m | 2.3m | 2.1m | 2.1m | 2.6m | 2.6m | 2.6m | 2.6m | 2.5m | 2.5m | 2.5m | 2.0m | |
164/5 |
3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 2.8m | 2.6m | 2.4m | 2.3m | - | - | - | - | - | - | - | - | - | - | |
17/49 |
57,788 | 93,436 | 38,639 | 286,706 | 247,394 | 56,350 | 40,486 | 36,956 | 121,115 | 171,844 | 503,821 | 523,002 | 231,587 | 110,768 | 280,518 | 696,740 | 173,161 | 185,573 | 59,701 | 746,115 | |
17 |
420 | 150 | 150 | 150 | 150 | 150 | - | 1,780 | 1,780 | 1,780 | 1,780 | - | - | - | - | - | - | 50 | 50 | 50 | |
178/9 |
420 | 150 | 150 | 150 | 150 | 150 | - | 1,780 | 1,780 | 1,780 | 1,780 | - | - | - | - | - | - | 50 | 50 | 50 | |
42/48 |
25,059 | 60,178 | 7,973 | 256,205 | 217,333 | 26,799 | 11,653 | 6,962 | 91,786 | 143,219 | 475,931 | 497,654 | 207,021 | 86,999 | 257,555 | 674,589 | 147,824 | 8,105 | 11,433 | 735,565 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 690,000 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 190,000 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500,000 | |
44 |
1,333 | - | 1,381 | 6,112 | 1,467 | 16,975 | 5,537 | 266 | 3,106 | 8,436 | 24,394 | 2,422 | 75,790 | 55,973 | 5,319 | 2,438 | 2,714 | 3,904 | 6,141 | 15,644 | |
440/4 |
1,333 | - | 1,381 | 6,112 | 1,467 | 16,975 | 5,537 | 266 | 3,106 | 8,436 | 24,394 | 2,422 | 75,790 | 55,973 | 5,319 | 2,438 | 2,714 | 3,904 | 6,141 | 15,644 | |
45 |
2,538 | 3,543 | 3,412 | 3,492 | - | 1,335 | 2,720 | 4,696 | - | - | 2,250 | 3,947 | 4,402 | 19,712 | 226,560 | 5,326 | 1,897 | 4,030 | 5,292 | 29,921 | |
450/3 |
2,538 | 3,543 | 3,412 | 3,492 | - | 1,335 | 2,720 | 4,696 | - | - | 2,250 | 3,947 | 4,402 | 19,712 | 226,560 | 5,326 | 1,897 | 4,030 | 5,292 | 29,921 | |
47/48 |
21,187 | 56,635 | 3,181 | 246,600 | 215,867 | 8,489 | 3,396 | 2,000 | 88,680 | 134,783 | 449,288 | 491,284 | 126,828 | 11,313 | 25,676 | 666,826 | 143,214 | 170 | - | - | |
492/3 |
32,309 | 33,109 | 30,516 | 30,352 | 29,911 | 29,401 | 28,833 | 28,214 | 27,549 | 26,845 | 26,109 | 25,348 | 24,566 | 23,769 | 22,963 | 22,151 | 25,336 | 177,418 | 48,218 | 10,500 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 13,606 | 513,525 | 11,951 | 10,986 | 10,099 | 9,283 | 11,689 | - | |
9900 |
102,560 | 206,606 | 93,879 | 93,200 | 81,194 | 97,870 | 95,175 | 77,138 | 84,415 | 65,200 | -28,603 | 15,622 | -15,125 | 533,367 | 946,299 | 414,746 | 136,719 | 120,495 | 706,551 | 893,230 | |
630 |
21,903 | 21,903 | 22,848 | 22,848 | 22,891 | 47,907 | 49,991 | 50,025 | 50,100 | 51,207 | 28,027 | 44,007 | 43,063 | 74,697 | 42,502 | 42,502 | 37,593 | 39,372 | 40,735 | 65,641 | |
631/4 |
- | 1.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
8,922 | 11,541 | 9,948 | 8,991 | 13,304 | 10,034 | 8,364 | 8,211 | 8,689 | 6,712 | 4,779 | 4,908 | 4,922 | 18,492 | 4,399 | 9,529 | 3,603 | 5,535 | 1,974 | 66,690 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 26,750 | 25,804 | 25,088 | 20,664 | 17,410 | 18,527 | 15,529 | 9,174 | |
9901 |
71,735 | -826,838 | 61,083 | 61,361 | 44,999 | 39,929 | 36,820 | 18,903 | 25,625 | 7,281 | -61,410 | -33,293 | -63,109 | 440,179 | 899,398 | 362,715 | 95,522 | 75,588 | 663,842 | 760,899 | |
75/76B |
78,072 | 120,928 | 315,441 | 119,964 | 61,425 | 58,483 | 61,005 | 42,504 | 36,270 | 43,723 | 93,277 | 121,218 | 100,937 | 86,256 | 1,473 | 856 | 1,546 | 4,313 | 12,922 | 254 | |
75 |
78,072 | 120,928 | 315,441 | 119,964 | 61,425 | 58,483 | 61,005 | 42,504 | 36,270 | 43,723 | 93,277 | 121,218 | 100,937 | 86,256 | 1,473 | 856 | 1,546 | 4,313 | 12,922 | 254 | |
65/66B |
264,734 | 660,511 | 256,498 | 252,514 | 248,616 | 228,479 | 210,545 | 194,260 | 179,925 | 168,581 | 170,407 | 217,077 | 184,981 | 186,129 | 181,568 | 180,050 | 178,279 | 176,625 | 167,960 | 145,154 | |
65 |
264,734 | 660,511 | 256,498 | 252,514 | 248,616 | 228,479 | 210,545 | 194,260 | 179,925 | 168,581 | 170,407 | 217,077 | 184,981 | 186,129 | 181,568 | 180,050 | 178,279 | 176,625 | 167,960 | 145,154 | |
9903 |
-114,927 | -1.4m | 120,026 | -71,189 | -142,193 | -130,066 | -112,720 | -132,853 | -118,030 | -117,577 | -138,540 | -129,151 | -160,297 | 828,027 | 706,166 | 173,842 | -88,522 | -105,968 | 504,964 | 606,825 | |
67/77 |
- | - | - | - | - | - | - | - | 340 | 450 | 184 | 262 | 278 | 115,013 | 242,443 | - | - | 3,107 | 170,057 | 208,246 | |
9904 |
-114,927 | -1.4m | 120,026 | -71,189 | -142,193 | -130,066 | -112,720 | -132,853 | -118,370 | -118,027 | -138,723 | -129,413 | -160,575 | 713,013 | 463,723 | 173,842 | -88,522 | -109,076 | 334,907 | 398,580 | |
9905 |
-114,927 | -1.4m | 120,026 | -71,189 | -142,193 | -130,066 | -112,720 | -132,853 | -118,370 | -118,027 | -138,723 | -129,413 | -160,575 | 713,013 | 463,723 | 173,842 | -88,522 | -109,076 | 334,907 | 398,580 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-1.4m | -1.3m | 50,504 | -69,522 | 1,667 | 143,860 | 273,926 | 386,646 | 519,499 | 637,869 | 755,896 | 894,619 | 1.0m | 1.2m | 471,594 | 707,871 | 534,029 | 622,551 | 731,626 | 398,580 | |
14P |
-1.3m | 50,504 | -69,522 | 1,667 | 143,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 700,000 | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 700,000 | - | - | - | - | |
| Document | |||||||||||||||||||||
The notes to these accounts have 8 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 2026 at the NBB, filed on 27-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 27-10-2026 | 2026-00569016 | |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00553744 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00514106 | |
| 31-03-2023 | micro format | 04-10-2023 | 2023-00470161 | |
| 31-03-2022 | micro format | 11-10-2022 | 2022-20456831 | |
| 31-03-2021 | micro format | 17-11-2021 | 2021-77400232 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72200059 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72100149 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-70800120 | |
| 31-03-2017 | micro format | 31-10-2017 | 2017-68200431 | |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-66600488 | |
| 31-03-2015 | abbreviated format | 30-09-2015 | 2015-62400088 | |
| 31-03-2014 | abbreviated format | 30-10-2014 | 2014-66100105 | |
| 31-03-2013 | abbreviated format | 31-10-2013 | 2013-65200566 | |
| 31-03-2012 | abbreviated format | 31-10-2012 | 2012-62300517 | |
| 31-03-2011 | abbreviated format | 03-11-2011 | 2011-59400520 | |
| 31-03-2010 | abbreviated format | 29-10-2010 | 2010-59400372 | |
| 31-03-2009 | abbreviated format | 30-10-2009 | 2009-83100309 | |
| 31-03-2008 | abbreviated format | 28-11-2008 | 2008-82700196 | |
| 31-03-2007 | abbreviated format | 31-10-2007 | 2007-78600261 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 93,638 | -804,935 | 83,931 | 84,209 | 67,889 | 87,836 | 86,811 | 68,928 | 75,725 | 58,488 | -33,382 | 10,714 | -20,047 | 514,876 | 941,900 | 405,217 | 133,116 | 114,960 | 704,577 | 826,540 | ||
| -93,024 | -1.3m | 142,874 | -48,341 | -119,302 | -82,159 | -62,729 | -82,828 | -68,270 | -66,820 | -110,696 | -85,406 | -117,513 | 787,710 | 506,225 | 216,345 | -50,929 | -69,704 | 375,641 | 464,221 | ||
| 0 | 200,000 | 1.2m | 0 | 27,697 | 0 | 969 | 0 | 0 | 2,360 | 232,021 | 241,397 | 218,854 | 493,852 | 0 | 81,906 | 3,563 | 757 | 11,063 | 3.2m | ||
| 4,845 | -90,030 | 57,689 | -6,846 | 6,554 | 17,043 | -2,064 | -3,892 | 14,539 | -306,183 | -327,195 | -592,722 | -191,482 | 1.2m | 188,930 | 38,273 | -11,397 | 27,124 | -4,272 | - | ||
| 447,287 | 536,046 | 671,571 | 1.7m | 1.8m | 1.9m | 1.8m | 1.7m | 1.6m | 1.5m | 1.4m | 1.7m | 2.6m | 2.9m | 59,303 | -470,111 | 71,040 | 254,283 | 171,731 | -729,440 | ||
| -84.4% | -71.3% | 2.1% | -1.7% | 0.5% | 4.9% | 9.2% | 13.2% | 17.3% | 21.0% | 22.6% | 25.7% | 26.6% | 30.6% | 14.5% | 0.7% | 16.8% | 19.0% | 22.6% | 13.0% | ||
| 18.85 | 9.91 | 85.23 | 7.72 | 9.09 | 71.70 | - | - | 18.01 | 11.26 | 3.92 | 4.43 | 13.37 | 34.05 | 1.23 | 0.30 | 1.48 | 32.38 | 16.02 | 0.01 | ||
| - | - | 0.60 | - | 15.53 | 0.36 | 0.14 | 0.09 | 0.23 | 0.26 | 0.65 | 0.58 | 0.22 | 0.09 | 0.58 | 31.48 | 0.32 | 0.29 | 0.08 | 1.82 | ||
| - | - | 185.3% | - | -892.8% | -82.3% | -39.1% | -33.1% | -22.2% | -18.1% | -18.0% | -14.2% | -15.5% | 59.5% | 95.4% | 785.5% | -16.1% | -17.1% | 44.9% | 97.0% | ||
| -6.8% | -74.9% | 3.8% | -2.2% | -4.3% | -4.0% | -3.6% | -4.4% | -3.8% | -3.8% | -4.1% | -3.7% | -4.1% | 18.2% | 13.8% | 5.3% | -2.7% | -3.3% | 10.1% | 12.6% | ||
| 0.35 | -1.22 | 0.33 | 0.33 | 0.27 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €27,697 |
| Financial fixed assets | - | €200,000 | €1.2m | - | - |
| €21,903 | €21,903 | €22,848 | €22,848 | €22,891 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on MASTERVIEW
The operating result for 2026 is a profit of €71,735, after a loss of €826,838 in 2025. It is the highest result since 2013.
Equity is negative. Debt (€57,788) exceeds the balance-sheet total (€1.7m).
- 2026 Net result +92% on 2025. The accounts now follow the abbreviated format, last year the micro format.