N4S
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days 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 ≈ €92,000. Estimated: probably between €55,000 and €130,000.
Balance sheet
balance sheet total €123,930 on 31-12-2025in euro
in euro
Position in the sector
59.8%
Higher than 54% of 39,376 companies in 2025.
3.03
Higher than 63% of 38,058 companies in 2025.
8.7%
Higher than 39% of 38,530 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
123,930 | 114,451 | |
21/28 |
36,659 | 48,446 | |
22/27 |
36,659 | 48,446 | |
24 |
33,512 | 46,629 | |
26 |
3,146 | 1,817 | |
29/58 |
87,271 | 66,005 | |
40/41 |
48,589 | 27,205 | |
40 |
2,255 | 10,624 | |
41 |
46,334 | 16,581 | |
54/58 |
37,707 | 38,786 | |
490/1 |
975 | 14 | |
| Balance sheet: equity and liabilities | |||
10/49 |
123,930 | 114,451 | |
10/15 |
74,054 | 64,179 | |
10/11 |
5,000 | 5,000 | |
13 |
69,054 | 59,179 | |
133 |
69,054 | 59,179 | |
14 |
0 | 0 | |
17/49 |
49,875 | 50,272 | |
17 |
20,568 | 32,784 | |
170/4 |
20,568 | 32,784 | |
42/48 |
28,825 | 17,472 | |
42 |
19,561 | 11,648 | |
44 |
3,591 | 934 | |
440/4 |
3,591 | 934 | |
45 |
5,072 | 4,307 | |
450/3 |
2,972 | 4,307 | |
454/9 |
2,100 | - | |
47/48 |
601 | 583 | |
492/3 |
483 | 16 | |
| Income statement | |||
9900 |
31,624 | 100,967 | |
630 |
13,476 | 19,096 | |
640/8 |
2,053 | 1,569 | |
9901 |
16,096 | 80,302 | |
75/76B |
1,128 | 452 | |
75 |
1,128 | 452 | |
65/66B |
2,755 | 4,339 | |
65 |
2,755 | 4,339 | |
9903 |
14,469 | 76,416 | |
67/77 |
3,734 | 16,404 | |
9904 |
10,735 | 60,012 | |
9905 |
10,735 | 60,012 | |
| Appropriation of the result | |||
9906 |
10,735 | 60,012 | |
691/2 |
9,876 | 59,179 | |
6921 |
9,876 | 59,179 | |
694/7 |
859 | 833 | |
694 |
859 | 833 | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 29,572 | 99,398 | ||
| 24,210 | 79,108 | ||
| 1,689 | 67,542 | ||
| -1,080 | - | ||
| 58,447 | 48,533 | ||
| 59.8% | 56.1% | ||
| 3.03 | 3.78 | ||
| 0.67 | 0.78 | ||
| 14.5% | 93.5% | ||
| 8.7% | 52.4% | ||
| 10.73 | 22.91 |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Carrying value of the other pledged assets | €31,748 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,689 | €67,542 |
| €13,476 | €19,096 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on N4S
The operating result for 2025 is 80% lower than in 2024.
Debt's share of the balance-sheet total falls from 43.9% to 40.2%. Equity is higher and debt is lower.