N. CODE
Annual accounts 2025
micro format, filed on 30-01-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €170,000 and €240,000.
Balance sheet
balance sheet total €198,906 on 30-06-2025in euro
in euro
Position in the sector
60.6%
Higher than 51% of 21,208 companies in 2025.
6.85
Higher than 82% of 20,571 companies in 2025.
33.9%
Higher than 72% of 20,746 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
198,906 | 161,317 | 131,308 | 105,055 | 81,105 | 76,789 | |
21/28 |
7,745 | 3,253 | 5,248 | 14,917 | 26,260 | 33,994 | |
22/27 |
7,745 | 3,253 | 5,248 | 14,917 | 26,260 | 33,994 | |
24 |
7,745 | 3,253 | 5,248 | 14,917 | 26,260 | 33,994 | |
29/58 |
191,160 | 158,064 | 126,060 | 90,138 | 54,846 | 42,795 | |
40/41 |
18,634 | 35,843 | 16,519 | 29,766 | 39,930 | 31,279 | |
40 |
18,634 | 17,424 | 16,482 | 29,766 | 39,930 | 31,279 | |
41 |
- | 18,419 | 37 | - | - | - | |
54/58 |
169,328 | 121,534 | 108,497 | 58,411 | 14,639 | 10,688 | |
490/1 |
3,198 | 687 | 1,043 | 1,962 | 277 | 829 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
198,906 | 161,317 | 131,308 | 105,055 | 81,105 | 76,789 | |
10/15 |
120,537 | 46,940 | 44,952 | 36,369 | 19,725 | 17,911 | |
10/11 |
18,550 | 12,400 | 12,400 | 12,400 | 12,400 | - | |
11 |
- | - | - | - | - | 12,400 | |
1100/10 |
- | - | - | - | - | 12,400 | |
14 |
101,987 | 34,540 | 32,552 | 23,969 | 7,325 | 5,511 | |
16 |
50,312 | 47,104 | 44,119 | 51,647 | 48,387 | 45,335 | |
160/5 |
50,312 | 47,104 | - | 51,647 | 48,387 | 45,335 | |
162 |
- | - | - | 51,647 | 48,387 | - | |
164/5 |
50,312 | 47,104 | - | - | - | 45,335 | |
168 |
- | - | 44,119 | - | - | - | |
17/49 |
28,056 | 67,273 | 42,237 | 17,040 | 12,993 | 13,544 | |
42/48 |
27,905 | 67,273 | 42,237 | 17,040 | 12,118 | 12,960 | |
44 |
5,508 | 4,145 | 8,761 | 1,864 | 569 | 6,807 | |
440/4 |
5,508 | 4,145 | 8,761 | 1,864 | 569 | 6,807 | |
45 |
16,781 | 13,228 | 12,101 | 13,741 | 9,454 | 5,527 | |
450/3 |
13,736 | 13,228 | 9,401 | 13,741 | 9,454 | 5,527 | |
454/9 |
3,045 | - | 2,700 | - | - | - | |
47/48 |
5,617 | 49,900 | 21,375 | 1,435 | 2,095 | 626 | |
492/3 |
151 | - | - | - | 875 | 583 | |
| Income statement | |||||||
9900 |
96,498 | 79,646 | 25,515 | 36,042 | 17,107 | 26,593 | |
630 |
881 | 5,418 | 9,669 | 11,343 | 11,156 | 18,221 | |
640/8 |
387 | 384 | 348 | - | - | - | |
66A |
- | 87 | 92 | 81 | 73 | - | |
9901 |
95,230 | 73,757 | 15,407 | 24,618 | 5,877 | 8,372 | |
75/76B |
128 | 425 | 42 | - | 2 | 0 | |
75 |
128 | 425 | 42 | - | 2 | 0 | |
65/66B |
3,301 | 3,152 | 3,903 | 3,227 | 3,011 | 49 | |
65 |
3,188 | 3,152 | 3,903 | 3,227 | 3,011 | 49 | |
66B |
114 | - | - | - | - | - | |
9903 |
92,057 | 71,030 | 11,546 | 21,391 | 2,867 | 8,322 | |
67/77 |
24,609 | 19,142 | 2,963 | 4,748 | 1,053 | 2,812 | |
9904 |
67,447 | 51,888 | 8,584 | 16,643 | 1,815 | 5,511 | |
9905 |
67,447 | 51,888 | 8,584 | 16,643 | 1,815 | 5,511 | |
| Appropriation of the result | |||||||
9906 |
101,987 | 84,440 | 32,552 | 23,969 | 7,325 | 5,511 | |
14P |
34,540 | 32,552 | 23,969 | 7,325 | - | - | |
694/7 |
- | 49,900 | - | - | - | - | |
694 |
- | 49,900 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00022600 | |
| 30-06-2024 | micro format | 09-01-2025 | 2025-00002428 | |
| 30-06-2023 | micro format | 03-01-2024 | 2024-00543043 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00009934 | |
| 30-06-2021 | micro format | 20-01-2022 | 2022-01400254 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02900415 |
Subsidies and aid
Flemish government 2022, 1 entry, €1,365 awarded, €1,365 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 96,111 | 79,175 | 25,076 | 35,961 | 17,033 | 26,593 | ||
| 68,328 | 57,306 | 18,252 | 27,986 | 12,971 | 23,732 | ||
| 5,373 | 3,423 | 0 | -0 | 3,422 | 52,215 | ||
| 47,794 | 13,037 | 50,087 | 43,772 | 3,951 | - | ||
| 163,255 | 90,790 | 83,823 | 73,099 | 42,727 | 29,835 | ||
| 60.6% | 29.1% | 34.2% | 34.6% | 24.3% | 23.3% | ||
| 6.85 | 2.35 | 2.98 | 5.29 | 4.53 | 3.30 | ||
| 0.23 | 1.43 | 0.94 | 0.47 | 0.66 | 0.76 | ||
| 56.0% | 110.5% | 19.1% | 45.8% | 9.2% | 30.8% | ||
| 33.9% | 32.2% | 6.5% | 15.8% | 2.2% | 7.2% | ||
| 30.15 | 25.12 | 6.42 | 11.14 | - | - |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €5,373 | €3,423 | - | - |
| €881 | €5,418 | €9,669 | €11,343 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on N. CODE
The operating result for 2025 is 29% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 41.7% to 14.1%. Equity is higher and debt is lower.