MULTILABEL
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-03-2026 PDF all 36 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €29,000
Estimated: probably between €13,000 and €69,000
Total assets
€82,783▲ 1.1%
2024 · €81,853
Net result
€268▼ 96.7%
2024 · €8,146
Working capital
-€579,011▼ 0.3%
2024 · -€577,331
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€342
▼ 95.8%
2025
20192025
Net result
€268
▼ 96.7%
2025
20192025
Equity
-€497,206
▲ 0.1%
2025
20192025
Total assets
€82,783
▲ 1.1%
2025
20192025
Debt
€579,989
▲ 0.1%
2025
20192025
Working capital
-€579,011
▼ 0.3%
2025
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€976-€3,651▲ 274%€2,336▼ 36.0%€4,844▲ 107%€8,968▲ 85.1%€8,211▼ 8.4%€342▼ 95.8%
Net result€945-€3,615▲ 282%€2,286▼ 36.8%€4,776▲ 109%€8,910▲ 86.6%€8,146▼ 8.6%€268▼ 96.7%
Equity-€525,206--€521,591▲ 0.7%-€519,306▲ 0.4%-€514,530▲ 0.9%-€505,620▲ 1.7%-€497,474▲ 1.6%-€497,206▲ 0.1%
Total assets€104,594-€95,308▼ 8.9%€89,137▼ 6.5%€82,373▼ 7.6%€82,785▲ 0.5%€81,853▼ 1.1%€82,783▲ 1.1%
Debt€629,800-€616,900▼ 2.0%€608,442▼ 1.4%€596,903▼ 1.9%€588,406▼ 1.4%€579,327▼ 1.5%€579,989▲ 0.1%
Working capital-€624,500--€613,553▲ 1.8%-€604,664▲ 1.4%-€594,566▲ 1.7%-€585,479▲ 1.5%-€577,331▲ 1.4%-€579,011▼ 0.3%
Staff (FTE)0-
The operating result for 2025 is 96% 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 €82,783
Fixed assets
€81,805 =
Current assets
€978 ▲ 20×
Equity and liabilities
Equity-€497,206
Debt€579,989
Equity is negative. Debt (€579,989) exceeds the balance-sheet total (€82,783).
Key figures and ratios
Solvency
-600.6%▲
2024 · -607.8%
Current ratio
0.00▲
2024 · 0.00
ROA
0.3%▼
2024 · 10.0%
Debt ≤ 1 year
€579,989▲
2024 · €577,379
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,168 | €7,168 | €7,168 | €5,280 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,820 | €3,022 | €3,129 | €3,402 | ▲ 8.7% |
| Gross operating margin9900 | €10,753 | €13,231 | €11,699 | €12,945 | €11,990 | €11,340 | €3,744 | ▼ 67.0% |
| Operating profit (loss)9901 | €976 | €3,651 | €2,336 | €4,844 | €8,968 | €8,211 | €342 | ▼ 95.8% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €69 | €58 | €65 | €74 | ▲ 13.5% |
| Recurring financial charges65 | €31 | €36 | €50 | €69 | €58 | €65 | €74 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | €945 | €3,615 | €2,286 | €4,776 | €8,910 | €8,146 | €268 | ▼ 96.7% |
| Income taxes67/77 | €0 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €945 | €3,615 | €2,286 | €4,776 | €8,910 | €8,146 | €268 | ▼ 96.7% |
| Profit (loss) for the period to be appropriated9905 | €945 | €3,615 | €2,286 | €4,776 | €8,910 | €8,146 | €268 | ▼ 96.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €104,594 | €95,308 | €89,137 | €82,373 | €82,785 | €81,853 | €82,783 | ▲ 1.1% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €101,422 | €94,253 | €87,085 | €81,805 | €81,805 | €81,805 | €81,805 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €101,422 | €94,253 | €87,085 | €81,805 | €81,805 | €81,805 | €81,805 | = |
| Land and buildings22 | - | - | - | €81,805 | €81,805 | €81,805 | €81,805 | = |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €3,172 | €1,055 | €2,052 | €568 | €981 | €49 | €978 | ▲ 20× |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €838 | €1,045 | €683 | €567 | €7 | €47 | €277 | ▲ 496% |
| Trade receivables40 | - | - | - | €499 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €68 | €7 | €47 | €277 | ▲ 496% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,334 | €10 | €1,368 | €2 | €974 | €2 | €18 | ▲ 803% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €683 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €104,594 | €95,308 | €89,137 | €82,373 | €82,785 | €81,853 | €82,783 | ▲ 1.1% |
| Equity10/15 | -€525,206 | -€521,591 | -€519,306 | -€514,530 | -€505,620 | -€497,474 | -€497,206 | ▲ 0.1% |
| Contributions10/11 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Capital10 | - | - | - | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Issued capital100 | - | - | - | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Reserves13 | €13,066 | €13,066 | €13,066 | €13,066 | €13,066 | €13,066 | €13,066 | = |
| Non-distributable reserves130/1 | - | - | - | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Legal reserve130 | - | - | - | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Tax-exempt reserves132 | - | - | - | €66 | €66 | €66 | €66 | = |
| Profit (loss) carried forward14 | -€668,272 | -€664,658 | -€662,372 | -€657,596 | -€648,687 | -€640,540 | -€640,272 | = |
| Amounts payable17/49 | €629,800 | €616,900 | €608,442 | €596,903 | €588,406 | €579,327 | €579,989 | ▲ 0.1% |
| Amounts payable within one year42/48 | €627,672 | €614,608 | €606,715 | €595,134 | €586,459 | €577,379 | €579,989 | ▲ 0.5% |
| Trade debts44 | €6,689 | €0 | - | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €595,134 | €586,459 | €577,379 | €579,989 | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €1,769 | €1,947 | €1,948 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €945 | €3,615 | €2,286 | €4,776 | €8,910 | €8,146 | €268 | ▼ 96.7% |
| + Depreciation and write-downs630 | €7,168 | €7,168 | €7,168 | €5,280 | €0 | - | - | - |
| Operating cash flow (approximation) | €8,114 | €10,783 | €9,454 | €10,056 | €8,910 | €8,146 | €268 | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,324 | €1,358 | -€1,367 | €972 | -€971 | €16 | - |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 17-03-2026 | 2026-00061903 | |
| 30-09-2024 | micro format | 13-03-2025 | 2025-00049679 | |
| 30-09-2023 | micro format | 22-03-2024 | 2024-00051707 | |
| 30-09-2022 | micro format | 20-03-2023 | 2023-00044755 | |
| 30-09-2021 | micro format | 10-03-2022 | 2022-07700020 | |
| 30-09-2020 | micro format | 11-03-2021 | 2021-07400316 | |
| 30-09-2019 | micro format | 16-03-2020 | 2020-06900446 | |
| 30-09-2018 | micro format | 21-03-2019 | 2019-07700227 | |
| 30-09-2017 | micro format | 15-03-2018 | 2018-07000138 | |
| 30-09-2016 | abbreviated format | 09-03-2017 | 2017-06000499 |