MT@CONSULT
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-05-2026 PDF all 5 filings
Turnover
≈ €180,000
Estimated: probably between €83,000 and €440,000
Total assets
€685,629▼ 1.1%
2024 · €693,334
Net result
€5,113▼ 97.0%
2024 · €171,736
Working capital
€651,090▲ 3.1%
2024 · €631,564
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€8,201
▼ 96.8%
2025
20212025
Net result
€5,113
▼ 97.0%
2025
20212025
Equity
€683,453
▲ 0.8%
2025
20212025
Total assets
€685,629
▼ 1.1%
2025
20212025
Debt
€2,176
▼ 85.5%
2025
20212025
Working capital
€651,090
▲ 3.1%
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€258,902-€209,195▼ 19.2%€272,063▲ 30.1%€253,098▼ 7.0%€8,201▼ 96.8%
Net result€174,714-€141,405▼ 19.1%€185,486▲ 31.2%€171,736▼ 7.4%€5,113▼ 97.0%
Equity€179,714-€321,118▲ 78.7%€506,604▲ 57.8%€678,340▲ 33.9%€683,453▲ 0.8%
Total assets€190,726-€331,669▲ 73.9%€520,924▲ 57.1%€693,334▲ 33.1%€685,629▼ 1.1%
Debt€11,012-€10,551▼ 4.2%€14,320▲ 35.7%€14,994▲ 4.7%€2,176▼ 85.5%
Working capital€179,714-€309,728▲ 72.3%€447,137▲ 44.4%€631,564▲ 41.2%€651,090▲ 3.1%
The operating result for 2025 is 97% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
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 €685,629
Fixed assets
€32,362 ▼ 30.8%
Current assets
€653,266 ▲ 1.0%
Equity and liabilities €685,629
Equity
€683,453 ▲ 0.8%
Debt
€2,176 ▼ 85.5%
Debt's share of the balance-sheet total falls from 2.2% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,614▼
2024 · €267,166
Cash flow
€19,526▼
2024 · €185,804
Debt to equity
0.00▼
2024 · 0.02
ROE
0.7%▼
2024 · 25.3%
ROA
0.7%▼
2024 · 24.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€2,176▼
2024 · €14,994
Income taxes
€2,957▼
2024 · €81,245
A ratio outside any meaningful range has been withheld (balance sheet total €685,629, equity €683,453).
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 | - | €12,153 | €63,834 | €1,377 | - |
| Depreciation and write-downs of the year | - | €763 | €8,627 | €14,068 | €14,413 |
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 | - | €763 | €8,627 | €14,068 | €14,413 | ▲ 2.5% |
| Other operating charges640/8 | €318 | €427 | €4,246 | €2,457 | €1,236 | ▼ 49.7% |
| Gross operating margin9900 | €259,220 | €210,385 | €284,936 | €269,623 | €23,850 | ▼ 91.2% |
| Operating profit (loss)9901 | €258,902 | €209,195 | €272,063 | €253,098 | €8,201 | ▼ 96.8% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €599 | €345 | €104 | €117 | €131 | ▲ 11.9% |
| Recurring financial charges65 | €599 | €345 | €104 | €117 | €131 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €258,303 | €208,849 | €271,959 | €252,981 | €8,070 | ▼ 96.8% |
| Income taxes67/77 | €83,589 | €67,445 | €86,473 | €81,245 | €2,957 | ▼ 96.4% |
| Profit (loss) for the period9904 | €174,714 | €141,405 | €185,486 | €171,736 | €5,113 | ▼ 97.0% |
| Profit (loss) for the period to be appropriated9905 | €174,714 | €141,405 | €185,486 | €171,736 | €5,113 | ▼ 97.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,726 | €331,669 | €520,924 | €693,334 | €685,629 | ▼ 1.1% |
| Fixed assets21/28 | - | €11,390 | €59,467 | €46,776 | €32,362 | ▼ 30.8% |
| Tangible fixed assets22/27 | - | €11,390 | €59,467 | €46,776 | €32,362 | ▼ 30.8% |
| Plant, machinery and equipment23 | - | €2,480 | €1,946 | €1,411 | €877 | ▼ 37.9% |
| Furniture and vehicles24 | - | €8,910 | €57,521 | €45,364 | €31,485 | ▼ 30.6% |
| Current assets29/58 | €190,726 | €320,279 | €461,457 | €646,558 | €653,266 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €24,243 | €73,986 | €41,685 | €65,227 | €2,298 | ▼ 96.5% |
| Trade receivables40 | €21,832 | €68,020 | €34,602 | €59,946 | - | - |
| Other amounts receivable41 | €2,411 | €5,966 | €7,082 | €5,282 | €2,298 | ▼ 56.5% |
| Current investments50/53 | - | - | - | €450,000 | €450,000 | = |
| Cash at bank and in hand54/58 | €166,263 | €244,333 | €418,512 | €131,331 | €200,968 | ▲ 53.0% |
| Deferred charges and accrued income490/1 | €220 | €1,960 | €1,260 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,726 | €331,669 | €520,924 | €693,334 | €685,629 | ▼ 1.1% |
| Equity10/15 | €179,714 | €321,118 | €506,604 | €678,340 | €683,453 | ▲ 0.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €174,000 | €314,000 | €494,000 | €664,000 | €668,000 | ▲ 0.6% |
| Distributable reserves133 | €174,000 | €314,000 | €494,000 | €664,000 | €668,000 | ▲ 0.6% |
| Profit (loss) carried forward14 | €714 | €2,118 | €7,604 | €9,340 | €10,453 | ▲ 11.9% |
| Amounts payable17/49 | €11,012 | €10,551 | €14,320 | €14,994 | €2,176 | ▼ 85.5% |
| Amounts payable within one year42/48 | €11,012 | €10,551 | €14,320 | €14,994 | €2,176 | ▼ 85.5% |
| Taxes, remuneration and social security45 | €11,012 | €10,551 | €14,320 | €14,538 | €1,534 | ▼ 89.5% |
| Taxes450/3 | €11,012 | €10,551 | €14,320 | €14,538 | €1,534 | ▼ 89.5% |
| Other amounts payable47/48 | - | - | - | €456 | €642 | ▲ 40.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €174,714 | €141,405 | €185,486 | €171,736 | €5,113 | ▼ 97.0% |
| + Depreciation and write-downs630 | - | €763 | €8,627 | €14,068 | €14,413 | ▲ 2.5% |
| Operating cash flow (approximation) | €174,714 | €142,167 | €194,113 | €185,804 | €19,526 | ▼ 89.5% |
| Investment in fixed assets (approximation) | - | - | -€56,704 | -€1,377 | €0 | - |
| Change in cash | - | €78,070 | €174,179 | -€287,181 | €69,637 | - |
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 | 05-05-2026 | 2026-00104551 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00424902 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00415630 | |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00468318 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20209939 |