NDM
Annual accounts 2025
micro format, filed on 17-06-2026, 44 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 ≈ €210,000. Estimated: probably between €180,000 and €280,000.
Balance sheet
balance sheet total €181,287 on 31-12-2025in euro
in euro
Position in the sector
3.7%
Higher than 29% of 17,158 companies in 2025.
0.48
Higher than 23% of 16,582 companies in 2025.
2.4%
Higher than 44% of 16,665 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€21,436
Staff costs divided by the average number of full-time equivalents.
8 hours per contract
In 2025, 306 short contracts started and 307 ended, on average 8 hours worked per contract. Staff averaged 0.9 full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
181,287 | 203,867 | 234,395 | 255,986 | 294,283 | 280,937 | 300,412 | 321,972 | 350,529 | 365,310 | |
21/28 |
152,779 | 164,840 | 222,018 | 239,427 | 273,866 | 259,715 | 288,685 | 310,600 | 325,896 | 360,000 | |
21 |
110,000 | 130,000 | 160,000 | 180,000 | 200,000 | 240,000 | 260,000 | 280,000 | 313,500 | 360,000 | |
22/27 |
42,279 | 34,340 | 61,518 | 58,927 | 73,366 | 19,215 | 28,185 | 30,600 | 12,396 | - | |
22 |
13,145 | 14,962 | 17,689 | - | - | - | - | - | - | - | |
23 |
15,868 | 10,663 | 19,578 | 24,089 | 24,661 | 16,509 | 20,553 | 22,336 | - | - | |
24 |
1,760 | 409 | - | 465 | 1,166 | 2,707 | 7,633 | 8,264 | 12,396 | - | |
25 |
- | 1,079 | 20,191 | 32,932 | - | - | - | - | - | - | |
26 |
11,507 | 7,227 | 4,060 | 1,442 | 1,867 | - | - | - | - | - | |
28 |
500 | 500 | 500 | 500 | 500 | 500 | 500 | - | - | - | |
29/58 |
28,509 | 39,027 | 12,377 | 16,559 | 20,417 | 21,222 | 11,727 | 11,372 | 24,633 | 5,310 | |
3 |
6,400 | 6,150 | 5,753 | 3,503 | 3,487 | 4,699 | 3,883 | - | - | - | |
30/36 |
6,400 | 6,150 | 5,753 | 3,503 | 3,487 | 4,699 | 3,883 | - | - | - | |
40/41 |
- | 2,331 | 1,500 | 656 | 5,717 | 1,956 | 6,822 | 11,083 | 18,311 | - | |
40 |
- | 2,331 | 1,500 | 591 | - | - | 1,581 | - | 18,150 | - | |
41 |
- | - | - | 66 | 5,717 | 1,956 | 5,241 | 11,083 | 161 | - | |
54/58 |
16,358 | 26,484 | 2,160 | 10,957 | 8,018 | 13,142 | 1,022 | 289 | 6,322 | 5,310 | |
490/1 |
5,751 | 4,062 | 2,965 | 1,442 | 3,195 | 1,425 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
181,287 | 203,867 | 234,395 | 255,986 | 294,283 | 280,937 | 300,412 | 321,972 | 350,529 | 365,310 | |
10/15 |
6,647 | 2,349 | 1,685 | 13,325 | -23,837 | 16,662 | 17,365 | 18,384 | 10,270 | 15,962 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-11,953 | -16,251 | -16,915 | -5,275 | -42,437 | -1,938 | -1,235 | -216 | -8,330 | -2,638 | |
17/49 |
174,640 | 201,518 | 232,710 | 242,660 | 318,121 | 264,275 | 283,047 | 303,589 | 340,259 | 349,348 | |
17 |
115,499 | 140,504 | 184,006 | 200,580 | 207,283 | 200,031 | 213,384 | 225,994 | 238,620 | 268,969 | |
170/4 |
115,499 | 140,504 | 184,006 | 200,580 | 207,283 | 200,031 | 213,384 | 225,994 | 238,620 | 268,969 | |
42/48 |
59,142 | 61,014 | 46,550 | 39,925 | 108,683 | 62,744 | 68,163 | 76,095 | 101,639 | 80,379 | |
42 |
25,005 | 32,049 | 30,238 | 26,447 | 25,678 | 13,354 | 12,609 | 12,626 | 19,803 | 11,617 | |
43 |
- | - | - | - | - | - | - | 422 | - | - | |
430/8 |
- | - | - | - | - | - | - | 422 | - | - | |
44 |
19,610 | 10,248 | 5,691 | 4,178 | 5,029 | 4,735 | 7,245 | 8,600 | 18,249 | - | |
440/4 |
19,610 | 10,248 | 5,691 | 4,178 | 5,029 | 4,735 | 7,245 | 8,600 | 18,249 | - | |
45 |
4,783 | 5,598 | 628 | 226 | 20 | 3,073 | 4,051 | 7,683 | 6,339 | - | |
450/3 |
2,377 | 4,718 | 271 | - | - | 444 | 3,231 | 4,938 | 6,339 | - | |
454/9 |
2,405 | 881 | 357 | 226 | 20 | 2,629 | 820 | 2,745 | - | - | |
47/48 |
9,744 | 13,119 | 9,993 | 9,074 | 77,956 | 41,583 | 44,257 | 46,765 | 57,248 | 68,762 | |
492/3 |
- | - | 2,155 | 2,155 | 2,155 | 1,500 | 1,500 | 1,500 | - | - | |
| Income statement | |||||||||||
76A |
- | - | - | - | - | - | 0 | 1,500 | - | - | |
9900 |
66,062 | 100,293 | 44,950 | 92,862 | 34,028 | 54,570 | 70,931 | 71,491 | 56,721 | 33,600 | |
62 |
19,292 | 18,374 | 2,749 | 3,008 | 1,646 | 5,060 | 12,570 | 10,737 | 5,883 | - | |
630 |
32,126 | 64,886 | 41,547 | 40,214 | 39,867 | 30,381 | 29,390 | 28,808 | 24,765 | 20,000 | |
640/8 |
2,889 | 2,543 | 1,798 | 1,519 | 1,048 | 1,942 | 3,502 | 2,559 | 1,494 | 951 | |
9901 |
11,755 | 14,489 | -1,144 | 48,120 | -8,532 | 17,187 | 25,469 | 29,387 | 24,579 | 12,649 | |
75/76B |
751 | 237 | 786 | 600 | 1,136 | 36 | 230 | 81 | 4 | 790 | |
75 |
751 | 237 | 786 | 600 | 1,136 | 36 | 230 | 81 | 4 | 790 | |
65/66B |
7,933 | 13,601 | 11,147 | 11,558 | 14,942 | 14,999 | 16,045 | 15,728 | 17,305 | 16,631 | |
65 |
7,933 | 13,601 | 11,147 | 11,558 | 14,942 | 14,999 | 16,045 | 15,728 | 17,305 | 16,631 | |
9903 |
4,573 | 1,126 | -11,505 | 37,163 | -22,338 | 2,224 | 9,654 | 13,740 | 7,278 | -3,192 | |
67/77 |
276 | 462 | 135 | - | - | 2,927 | 10,673 | 2,626 | - | 2 | |
9904 |
4,298 | 664 | -11,640 | 37,163 | -22,338 | -703 | -1,019 | 11,114 | 7,278 | -3,194 | |
9905 |
4,298 | 664 | -11,640 | 37,163 | -22,338 | -703 | -1,019 | 11,114 | 7,278 | -3,194 | |
| Appropriation of the result | |||||||||||
9906 |
-11,953 | -16,251 | -16,915 | -5,275 | -42,437 | -1,938 | -1,235 | 2,784 | -8,330 | -2,638 | |
14P |
-16,251 | -16,915 | -5,275 | -42,437 | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | 3,000 | - | - | |
695 |
- | - | - | - | - | - | - | 3,000 | - | - | |
| Social balance sheet | |||||||||||
9087 |
0.9 | 0.4 | 0.6 | 0.3 | 0.2 | - | 1 | 0.3 | 0.3 | - | |
Hours worked1013 |
2,317 | 2,408 | 356 | 82 | 94 | - | 662 | 222 | 122 | - | |
| Document | |||||||||||
The notes to these accounts have 11 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 17-06-2026.
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 | 17-06-2026 | 2026-00168110 | |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00148272 | |
| 30-06-2023 | micro format | 11-12-2023 | 2023-00525283 | |
| 30-06-2022 | micro format | 05-12-2022 | 2022-20531243 | |
| 30-06-2021 | micro format | 30-11-2021 | 2021-78800392 | |
| 30-06-2019 | micro format | 14-01-2020 | 2020-01500013 | |
| 30-06-2018 | micro format | 15-01-2019 | 2019-01300486 | |
| 30-06-2017 | micro format | 22-02-2018 | 2018-05300327 | |
| 30-06-2016 | abbreviated format | 27-02-2017 | 2017-05400325 | |
| 30-06-2013 | abbreviated format | 12-02-2014 | 2014-03400178 |
Subsidies and aid
Flemish government 2022 to 2025, 4 entries, €4,394 awarded, €4,394 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €288 | €288 |
| 2024 | 1 | €106 | €106 |
| 2023 | 1 | €2,000 | €2,000 |
| 2022 | 1 | €2,000 | €2,000 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 43,881 | 79,375 | 40,403 | 88,335 | 31,335 | 47,568 | 54,859 | 58,194 | 49,344 | 32,649 | ||
| 36,423 | 65,550 | 29,907 | 77,377 | 17,529 | 29,678 | 28,371 | 39,922 | 32,042 | 16,806 | ||
| 20,064 | 7,708 | 24,248 | 5,775 | 2,975 | 1,411 | 7,475 | 27,011 | 15,000 | - | ||
| -10,126 | 24,325 | -8,798 | 2,939 | - | 12,120 | 733 | -6,033 | - | - | ||
| -30,633 | -21,987 | -34,173 | -23,367 | -88,266 | -41,522 | -56,436 | -64,723 | -77,007 | -75,069 | ||
| 3.7% | 1.2% | 0.7% | 5.2% | -8.1% | 5.9% | 5.8% | 5.7% | 2.9% | 4.4% | ||
| 0.48 | 0.64 | 0.27 | 0.41 | 0.19 | 0.34 | 0.17 | 0.15 | 0.24 | 0.07 | ||
| 0.37 | 0.54 | 0.14 | 0.33 | 0.16 | 0.26 | 0.12 | 0.15 | 0.24 | 0.07 | ||
| 26.27 | 85.78 | - | 18.21 | - | 15.86 | 16.30 | 16.51 | 33.13 | 21.89 | ||
| 64.7% | 28.3% | -690.7% | 278.9% | - | -4.2% | -5.9% | 60.5% | 70.9% | -20.0% | ||
| 2.4% | 0.3% | -5.0% | 14.5% | -7.6% | -0.3% | -0.3% | 3.5% | 2.1% | -0.9% | ||
| 5.53 | 5.84 | 3.62 | 7.64 | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 2 | - |
| full-time | - | 1 | 2 | - |
| in full-time equivalents | - | 1 | 2 | - |
| 0.9 | 0.4 | 0.6 | 0.2 | |
| On a permanent contract | - | 1 | 2 | - |
| Joined | 306 | 325 | 57 | 12 |
| Left | 307 | 326 | 55 | 12 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €20,064 | €7,708 | €24,248 | €5,775 |
| €32,126 | €64,886 | €41,547 | €40,214 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on NDM
The operating result for 2025 is 19% lower than in 2024.
Debt's share of the balance-sheet total falls from 98.8% to 96.3%. Equity is higher and debt is lower.