NADA
Annual accounts 2025
micro format, filed on 08-07-2026, 23 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €278,278 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
278,278 | 293,033 | 313,356 | 335,218 | 364,186 | 363,690 | 363,715 | 334,760 | 324,118 | 319,419 | 131,474 | 136,386 | 140,766 | 147,338 | 152,338 | 154,787 | 146,894 | 152,139 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 155 | 528 | 900 | 1,272 | |
21/28 |
186,581 | 290,335 | 313,268 | 331,875 | 341,861 | 363,628 | 363,006 | 334,703 | 323,697 | 315,124 | 130,636 | 136,386 | 140,766 | 147,338 | 152,338 | 154,787 | 146,894 | 152,139 | |
22/27 |
186,581 | 290,335 | 313,268 | 331,875 | 341,861 | 363,628 | 363,006 | 334,703 | 323,697 | 315,124 | 130,636 | 136,386 | 140,766 | 147,338 | 152,183 | 154,259 | 145,994 | 150,866 | |
22 |
186,581 | 290,335 | 313,268 | 331,875 | 341,861 | 363,628 | 363,006 | 334,703 | 323,697 | 315,124 | 130,636 | 136,386 | 140,766 | 147,338 | 152,015 | 153,924 | 145,491 | 150,196 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 168 | 335 | 503 | 671 | |
29/58 |
91,697 | 2,698 | 88 | 3,342 | 22,326 | 61 | 709 | 57 | 421 | 4,295 | 838 | - | - | - | - | - | - | - | |
40/41 |
- | - | - | - | 1,350 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40 |
- | - | - | - | 1,350 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
50/53 |
90,697 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
1,000 | 1,867 | - | 3,263 | 20,976 | - | - | - | 421 | 4,295 | 838 | - | - | - | - | - | - | - | |
490/1 |
- | 831 | 88 | 79 | - | 61 | 709 | 57 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
278,278 | 293,033 | 313,356 | 335,218 | 364,186 | 363,690 | 363,715 | 334,760 | 324,118 | 319,419 | 131,474 | 136,386 | 140,766 | 147,338 | 152,338 | 154,787 | 146,894 | 152,139 | |
10/15 |
66,852 | 25,268 | 21,593 | 17,773 | 23,466 | 18,473 | 15,105 | 15,939 | 7,766 | 1,433 | 13,509 | 11,521 | 11,179 | 14,601 | 17,814 | 20,421 | 19,501 | 20,107 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
41,852 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | |
133 |
41,852 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | |
14 |
- | -4,732 | -8,407 | -12,227 | -6,534 | -11,527 | -14,895 | -14,061 | -22,234 | -23,567 | -11,491 | -13,479 | -13,821 | -10,399 | -7,186 | -4,579 | -5,499 | -4,893 | |
17/49 |
211,426 | 267,765 | 291,763 | 317,444 | 340,720 | 345,217 | 348,610 | 318,821 | 316,353 | 317,986 | 117,965 | 124,864 | 129,586 | 132,736 | 134,524 | 134,366 | 127,393 | 132,032 | |
17 |
101,715 | 131,740 | 155,263 | 173,506 | 170,618 | 184,551 | 190,893 | 208,495 | 225,533 | 242,017 | 77,482 | 82,962 | 88,176 | 93,136 | 97,855 | 102,345 | 106,617 | 110,682 | |
170/4 |
101,715 | 131,740 | 155,263 | 173,506 | 170,618 | 184,551 | 190,893 | 208,495 | 225,533 | 242,017 | 77,482 | 82,962 | 88,176 | 93,136 | 97,855 | 102,345 | 106,617 | 110,682 | |
42/48 |
108,571 | 134,085 | 135,637 | 142,226 | 147,181 | 159,539 | 157,459 | 110,041 | 90,510 | 75,634 | 40,125 | 41,521 | 41,009 | 38,707 | 36,228 | 32,020 | 20,299 | 20,857 | |
42 |
15,108 | 23,523 | 24,844 | 24,474 | 18,901 | 21,089 | 18,144 | 17,553 | 16,975 | 16,418 | 5,924 | 5,636 | 5,363 | 5,102 | 13,249 | 12,634 | 4,394 | 4,181 | |
43 |
7,128 | 3,526 | 6,260 | - | - | 4,495 | 5,879 | 5,782 | 1,052 | - | - | 1,237 | 1,710 | 485 | 3,180 | 3,428 | 341 | 1,389 | |
430/8 |
7,128 | 3,526 | 6,260 | - | - | - | - | 5,782 | 1,052 | - | - | 1,237 | 1,710 | 485 | 3,180 | 3,428 | 341 | 1,389 | |
439 |
- | - | - | - | - | 4,495 | 5,879 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,672 | 6,955 | 3,100 | 5,300 | 3,656 | 4,817 | 4,800 | 4,761 | 1,742 | 7,606 | 541 | 1,830 | 1,664 | 794 | 3,058 | 299 | 260 | 403 | |
440/4 |
4,672 | 6,955 | 3,100 | 5,300 | 3,656 | 4,817 | 4,800 | 4,761 | 1,742 | 7,606 | 541 | 1,830 | 1,664 | 794 | 3,058 | 299 | 260 | 403 | |
45 |
930 | - | - | - | - | - | - | 500 | 500 | - | - | - | - | 356 | 213 | 135 | 152 | 254 | |
450/3 |
930 | - | - | - | - | - | - | 500 | 500 | - | - | - | - | 356 | 213 | 135 | 152 | 254 | |
47/48 |
80,732 | 100,081 | 101,433 | 112,452 | 124,624 | 129,137 | 128,635 | 81,444 | 70,241 | 51,610 | 33,659 | 32,818 | 32,272 | 31,970 | 16,527 | 15,525 | 15,152 | 14,630 | |
492/3 |
1,140 | 1,940 | 862 | 1,712 | 22,921 | 1,128 | 257 | 284 | 310 | 335 | 358 | 381 | 402 | 893 | 441 | - | 477 | 494 | |
| Income statement | |||||||||||||||||||
76A |
- | - | - | 1,125 | 48,106 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-346 | 39,048 | 40,251 | 27,415 | 34,779 | 36,823 | 33,788 | 34,078 | 30,680 | 10,287 | 15,607 | 15,339 | 11,326 | 13,985 | 14,696 | 17,319 | 14,310 | 24,437 | |
630 |
13,005 | 22,933 | 23,157 | 21,645 | 21,768 | 20,493 | 21,422 | 12,613 | 10,251 | 12,595 | 6,450 | 6,815 | 6,572 | 7,122 | 7,446 | 6,946 | 5,245 | 12,677 | |
640/8 |
3,733 | 5,710 | 6,389 | 4,843 | 1,094 | 5,117 | 4,983 | 4,980 | 4,826 | 3,884 | 2,657 | 3,287 | 3,135 | 2,939 | 2,798 | 2,747 | 2,747 | 5,278 | |
9901 |
-17,083 | 10,405 | 10,705 | 926 | 11,917 | 11,213 | 7,383 | 16,484 | 15,603 | -6,192 | 6,499 | 5,237 | 1,620 | 3,924 | 4,452 | 7,627 | 6,319 | 6,483 | |
75/76B |
84,832 | - | - | 0 | - | - | 11 | 102 | 111 | 18 | - | 6 | 27 | 5 | 85 | - | 2 | 112 | |
75 |
581 | - | - | 0 | - | - | 11 | 102 | 111 | 18 | - | 6 | 27 | 5 | 85 | - | 2 | 112 | |
76B |
84,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
5,067 | 6,730 | 6,885 | 6,619 | 6,923 | 7,845 | 8,227 | 8,413 | 8,882 | 5,901 | 4,512 | 4,901 | 5,068 | 7,142 | 7,145 | 6,706 | 6,926 | 11,486 | |
65 |
5,067 | 6,730 | 6,885 | 6,619 | 6,923 | 7,845 | 8,227 | 8,413 | 8,882 | 5,901 | 4,512 | 4,901 | 5,068 | 7,142 | 7,145 | 6,706 | 6,926 | 11,486 | |
9903 |
62,682 | 3,675 | 3,820 | -5,693 | 4,994 | 3,368 | -834 | 8,173 | 6,832 | -12,075 | 1,987 | 342 | -3,422 | -3,212 | -2,608 | 920 | -606 | -4,892 | |
67/77 |
16,098 | - | - | - | - | - | - | - | 500 | - | - | - | - | - | - | - | 0 | 1 | |
9904 |
46,584 | 3,675 | 3,820 | -5,693 | 4,994 | 3,368 | -834 | 8,173 | 6,332 | -12,075 | 1,987 | 342 | -3,422 | -3,212 | -2,608 | 920 | -606 | -4,893 | |
9905 |
46,584 | 3,675 | 3,820 | -5,693 | 4,994 | 3,368 | -834 | 8,173 | 6,332 | -12,075 | 1,987 | 342 | -3,422 | -3,212 | -2,608 | 920 | -606 | -4,893 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
41,852 | -4,732 | -8,407 | -12,227 | -6,534 | -11,527 | -14,895 | -14,061 | -17,234 | -23,567 | -11,491 | -13,479 | -13,821 | -10,399 | -7,186 | -4,579 | -5,499 | -4,893 | |
14P |
-4,732 | -8,407 | -12,227 | -6,534 | -11,527 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
5,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
41,852 | - | - | - | - | - | - | - | 5,000 | - | - | - | - | - | - | - | - | - | |
6921 |
41,852 | - | - | - | - | - | - | - | 5,000 | - | - | - | - | - | - | - | - | - | |
694/7 |
5,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
5,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 7 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 08-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00287394 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00203059 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00155538 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00214440 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20096164 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21900213 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-18900117 | |
| 31-12-2018 | micro format | 08-07-2019 | 2019-30300200 | |
| 31-12-2017 | micro format | 25-06-2018 | 2018-22100302 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-19900094 | |
| 31-12-2015 | full format | 29-06-2016 | 2016-23900246 | |
| 31-12-2014 | full format | 26-06-2015 | 2015-22400062 | |
| 31-12-2013 | full format | 24-06-2014 | 2014-20900441 | |
| 31-12-2012 | full format | 25-06-2013 | 2013-21500099 | |
| 31-12-2011 | full format | 19-06-2012 | 2012-18700059 | |
| 31-12-2010 | full format | 21-06-2011 | 2011-18900349 | |
| 31-12-2009 | full format | 21-06-2010 | 2010-18700141 | |
| 31-12-2008 | full format | 20-08-2009 | 2009-59100013 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4,078 | 33,338 | 33,862 | 22,572 | 33,685 | 31,706 | 28,805 | 29,097 | 25,854 | 6,403 | 12,949 | 12,052 | 8,191 | 11,046 | 11,897 | 14,573 | 11,563 | 19,160 | ||
| 59,588 | 26,608 | 26,976 | 15,952 | 26,761 | 23,861 | 20,588 | 20,786 | 16,583 | 520 | 8,437 | 7,157 | 3,150 | 3,910 | 4,838 | 7,866 | 4,639 | 7,784 | ||
| -90,750 | 0 | 4,550 | 11,660 | 0 | 21,115 | 49,725 | 23,619 | 18,824 | 192,857 | 701 | 2,435 | 0 | 2,122 | 4,997 | 14,839 | 0 | 158,483 | ||
| -867 | - | - | -17,712 | - | - | - | - | -3,874 | 3,457 | - | - | - | - | - | - | - | - | ||
| -16,874 | -131,387 | -135,550 | -138,884 | -124,856 | -159,477 | -156,750 | -109,985 | -90,088 | -71,339 | -39,287 | - | - | - | - | - | - | - | ||
| 24.0% | 8.6% | 6.9% | 5.3% | 6.4% | 5.1% | 4.2% | 4.8% | 2.4% | 0.4% | 10.3% | 8.4% | 7.9% | 9.9% | 11.7% | 13.2% | 13.3% | 13.2% | ||
| 0.84 | 0.02 | 0.00 | 0.02 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.02 | - | - | - | - | - | - | - | ||
| 3.16 | 10.60 | 13.51 | 17.86 | 14.52 | 18.69 | 23.08 | 20.00 | 40.74 | - | 8.73 | 10.84 | 11.59 | 9.09 | 7.55 | 6.58 | 6.53 | 6.57 | ||
| 69.7% | 14.5% | 17.7% | -32.0% | 21.3% | 18.2% | -5.5% | 51.3% | 81.5% | -842.4% | 14.7% | 3.0% | -30.6% | -22.0% | -14.6% | 4.5% | -3.1% | -24.3% | ||
| 16.7% | 1.3% | 1.2% | -1.7% | 1.4% | 0.9% | -0.2% | 2.4% | 2.0% | -3.8% | 1.5% | 0.3% | -2.4% | -2.2% | -1.7% | 0.6% | -0.4% | -3.2% | ||
| -0.80 | 4.95 | 4.92 | 3.41 | 4.87 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €4,550 | €11,660 | - |
| €13,005 | €22,933 | €23,157 | €21,645 | €21,768 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NADA
The operating result for 2025 is a loss of €17,083, after a profit of €10,405 in 2024. It is the lowest result since 2008.
Debt's share of the balance-sheet total falls from 91.4% to 76.0%. Equity is higher and debt is lower.