MOS
InactiveFinancials · financial year 2026, abbreviated format
Equity
€210,266▼ 0.2%
2025 · €210,649
Total assets
€369,816▼ 15.5%
2025 · €437,857
Net result
-€383
2025 · €91,287
Working capital
€79,835▲ 10.5%
2025 · €72,231
Trend over the years
2024 to 2026, 3 financial years
The operating result turns negative in 2026: a loss of €5,243 after €123,249 in 2025, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,243
2026
Net result-€383
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€369,816
2026
Equity€210,266
2026
Debt€159,549
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€79,835
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)0
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
Line202420252026
Operating result€151,146-€123,249▼ 18.5%-€5,243
Net result€116,362-€91,287▼ 21.5%-€383
Equity€119,362-€210,649▲ 76.5%€210,266▼ 0.2%
Total assets€224,577-€437,857▲ 95.0%€369,816▼ 15.5%
Debt€105,215-€227,208▲ 116%€159,549▼ 29.8%
Working capital-€16,470-€72,231€79,835▲ 10.5%
Staff (FTE)1.90▼ 100%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €369,816
Fixed assets
€130,432 ▼ 5.8%
Current assets
€239,384 ▼ 20.1%
Equity and liabilities €369,816
Equity
€210,266 ▼ 0.2%
Debt
€159,549 ▼ 29.8%
Debt's share of the balance-sheet total falls from 51.9% to 43.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,213▼
2025 · €158,457
Cash flow
€10,074▼
2025 · €126,495
Current ratio
1.50▲
2025 · 1.32
Debt to equity
0.76▼
2025 · 1.08
ROE
-0.2%▼
2025 · 43.3%
ROA
-0.1%▼
2025 · 20.8%
Interest coverage
12.49▼
2025 · over 100
Debt ≤ 1 year
€159,549▼
2025 · €227,208
Income taxes
€226▼
2025 · €31,334
Staff costs
€33,782▼
2025 · €58,382
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €58,382 | €33,782 | ▼ 42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,883 | €35,208 | €10,456 | ▼ 70.3% |
| Other operating charges640/8 | €772 | €3,846 | €0 | ▼ 100% |
| Gross operating margin9900 | €189,800 | €220,685 | €38,995 | ▼ 82.3% |
| Operating profit (loss)9901 | €151,146 | €123,249 | -€5,243 | - |
| Financial income75/76B | €1,318 | €0 | €5,504 | - |
| Recurring financial income75 | €1,318 | €0 | €5,504 | - |
| Financial charges65/66B | €980 | €628 | €417 | ▼ 33.5% |
| Recurring financial charges65 | €980 | €628 | €417 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | €151,484 | €122,621 | -€157 | - |
| Income taxes67/77 | €35,122 | €31,334 | €226 | ▼ 99.3% |
| Profit (loss) for the period9904 | €116,362 | €91,287 | -€383 | - |
| Profit (loss) for the period to be appropriated9905 | €116,362 | €91,287 | -€383 | - |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €224,577 | €437,857 | €369,816 | ▼ 15.5% |
| Fixed assets21/28 | €135,832 | €138,418 | €130,432 | ▼ 5.8% |
| Tangible fixed assets22/27 | €135,832 | €138,418 | €130,432 | ▼ 5.8% |
| Plant, machinery and equipment23 | €106,593 | €112,886 | €105,826 | ▼ 6.3% |
| Furniture and vehicles24 | €2,253 | €1,685 | €1,542 | ▼ 8.4% |
| Other tangible fixed assets26 | €26,986 | €23,848 | €23,063 | ▼ 3.3% |
| Current assets29/58 | €88,745 | €299,439 | €239,384 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €68,268 | €184,349 | €172,089 | ▼ 6.7% |
| Trade receivables40 | €68,268 | €184,349 | €172,089 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €15,893 | €114,715 | €67,295 | ▼ 41.3% |
| Deferred charges and accrued income490/1 | €4,583 | €375 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €224,577 | €437,857 | €369,816 | ▼ 15.5% |
| Equity10/15 | €119,362 | €210,649 | €210,266 | ▼ 0.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €116,362 | €207,649 | €207,649 | = |
| Distributable reserves133 | €116,362 | €207,649 | €207,649 | = |
| Profit (loss) carried forward14 | - | - | -€383 | - |
| Amounts payable17/49 | €105,215 | €227,208 | €159,549 | ▼ 29.8% |
| Amounts payable within one year42/48 | €105,215 | €227,208 | €159,549 | ▼ 29.8% |
| Trade debts44 | €68,131 | €96,627 | €92,885 | ▼ 3.9% |
| Suppliers440/4 | €68,131 | €96,627 | €92,885 | ▼ 3.9% |
| Advances received on contracts in progress46 | - | €20,876 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €37,084 | €109,705 | €66,664 | ▼ 39.2% |
| Taxes450/3 | €37,084 | €102,079 | €47,395 | ▼ 53.6% |
| Remuneration and social security454/9 | - | €7,627 | €19,270 | ▲ 153% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,362 | €91,287 | -€383 | - |
| + Depreciation and write-downs630 | €37,883 | €35,208 | €10,456 | ▼ 70.3% |
| Operating cash flow (approximation) | €154,245 | €126,495 | €10,074 | ▼ 92.0% |
| Investment in fixed assets (approximation) | - | -€37,794 | -€2,470 | ▲ 93.5% |
| Change in cash | - | €98,822 | -€47,421 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-04-2026 | abbreviated format | 23-06-2026 | 2026-00187193 |
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00187106 |
| 31-12-2024 | abbreviated format | 18-06-2025 | 2025-00148478 |
Subsidies and aid
Flemish government
2024 · 1 entry · €2,099 awarded · €2,099 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.