MOAR
InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427517.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 5 filings
Turnover
≈ €1,400
Estimated: probably between €660 and €3,400
Total assets
€10,286▼ 5.9%
2024 · €10,925
Net result
-€221▲ 94.1%
2024 · -€3,744
Working capital
€2,742▼ 7.5%
2024 · €2,963
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€213
▲ 93.9%
2025
20212025
Net result
-€221
▲ 94.1%
2025
20212025
Equity
€9,886
▼ 2.2%
2025
20212025
Total assets
€10,286
▼ 5.9%
2025
20212025
Debt
€400
▼ 51.1%
2025
20212025
Working capital
€2,742
▼ 7.5%
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,482--€4,663-€3,573▲ 23.4%-€3,498▲ 2.1%-€213▲ 93.9%
Net result€20,646--€5,252-€3,543▲ 32.5%-€3,744▼ 5.7%-€221▲ 94.1%
Equity€22,646-€17,394▼ 23.2%€13,851▼ 20.4%€10,107▼ 27.0%€9,886▼ 2.2%
Total assets€41,354-€26,382▼ 36.2%€17,150▼ 35.0%€10,925▼ 36.3%€10,286▼ 5.9%
Debt€18,708-€8,988▼ 52.0%€3,299▼ 63.3%€818▼ 75.2%€400▼ 51.1%
Working capital€15,898-€1,894▼ 88.1%€3,615▲ 90.9%€2,963▼ 18.0%€2,742▼ 7.5%
The operating result for 2025 is a loss of €213, smaller than the loss of €3,498 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,286
Fixed assets
€7,143 =
Current assets
€3,142 ▼ 16.9%
Equity and liabilities €10,286
Equity
€9,886 ▼ 2.2%
Debt
€400 ▼ 51.1%
Debt's share of the balance-sheet total falls from 7.5% to 3.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.86▲
2024 · 4.62
Debt to equity
0.04▼
2024 · 0.08
ROE
-2.2%▲
2024 · -37.0%
ROA
-2.1%▲
2024 · -34.3%
Debt ≤ 1 year
€400▼
2024 · €818
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,913 | €13,631 | - | - | - |
| Depreciation and write-downs of the year | €1,165 | €4,879 | €4,879 | €3,477 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,165 | €4,879 | €4,879 | €3,477 | - | - |
| Other operating charges640/8 | €695 | €568 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €28,342 | €784 | €1,691 | €366 | €187 | ▼ 48.9% |
| Operating profit (loss)9901 | €26,482 | -€4,663 | -€3,573 | -€3,498 | -€213 | ▲ 93.9% |
| Financial income75/76B | €45 | €0 | - | - | - | - |
| Recurring financial income75 | €45 | €0 | - | - | - | - |
| Financial charges65/66B | €213 | €476 | -€30 | €246 | €8 | ▼ 96.6% |
| Recurring financial charges65 | €213 | €476 | -€30 | €246 | €8 | ▼ 96.6% |
| Profit (loss) for the period before taxes9903 | €26,314 | -€5,140 | -€3,543 | -€3,744 | -€221 | ▲ 94.1% |
| Income taxes67/77 | €5,669 | €112 | - | - | - | - |
| Profit (loss) for the period9904 | €20,646 | -€5,252 | -€3,543 | -€3,744 | -€221 | ▲ 94.1% |
| Profit (loss) for the period to be appropriated9905 | €20,646 | -€5,252 | -€3,543 | -€3,744 | -€221 | ▲ 94.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,354 | €26,382 | €17,150 | €10,925 | €10,286 | ▼ 5.9% |
| Fixed assets21/28 | €6,748 | €15,500 | €10,620 | €7,143 | €7,143 | = |
| Tangible fixed assets22/27 | €6,748 | €15,500 | €10,620 | €7,143 | €7,143 | = |
| Plant, machinery and equipment23 | €1,694 | €920 | €146 | - | - | - |
| Other tangible fixed assets26 | €5,054 | €14,580 | €10,474 | €7,143 | €7,143 | = |
| Current assets29/58 | €34,606 | €10,882 | €6,530 | €3,781 | €3,142 | ▼ 16.9% |
| Amounts receivable within one year40/41 | €20,302 | €7,915 | €6,518 | €3,779 | €3,130 | ▼ 17.2% |
| Trade receivables40 | €11 | €1,149 | - | - | - | - |
| Other amounts receivable41 | €20,290 | €6,766 | €6,518 | €3,779 | €3,130 | ▼ 17.2% |
| Cash at bank and in hand54/58 | €10,145 | €2,967 | €12 | €2 | €12 | ▲ 388% |
| Deferred charges and accrued income490/1 | €4,160 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,354 | €26,382 | €17,150 | €10,925 | €10,286 | ▼ 5.9% |
| Equity10/15 | €22,646 | €17,394 | €13,851 | €10,107 | €9,886 | ▼ 2.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €20,646 | €15,394 | €11,851 | €8,107 | €7,886 | ▼ 2.7% |
| Amounts payable17/49 | €18,708 | €8,988 | €3,299 | €818 | €400 | ▼ 51.1% |
| Amounts payable within one year42/48 | €18,708 | €8,988 | €2,915 | €818 | €400 | ▼ 51.1% |
| Trade debts44 | €10,940 | €1,238 | - | €818 | €400 | ▼ 51.1% |
| Suppliers440/4 | €10,940 | €1,238 | - | €818 | €400 | ▼ 51.1% |
| Taxes, remuneration and social security45 | €7,769 | €5,781 | €2,915 | - | - | - |
| Taxes450/3 | €7,769 | €5,781 | €2,915 | - | - | - |
| Other amounts payable47/48 | - | €1,970 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €384 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,646 | -€5,252 | -€3,543 | -€3,744 | -€221 | ▲ 94.1% |
| + Depreciation and write-downs630 | €1,165 | €4,879 | €4,879 | €3,477 | - | - |
| Operating cash flow (approximation) | €21,811 | -€372 | €1,337 | -€267 | -€221 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€13,631 | €0 | €0 | €0 | - |
| Change in cash | - | -€7,177 | -€2,955 | -€10 | €10 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00427517 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00431976 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00403202 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00202591 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20331018 |