NIVEAU+
Annual accounts 2025
micro format, filed on 29-07-2026, 2 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 €150,000 and €360,000.
Balance sheet
balance sheet total €230,411 on 31-12-2025in euro
in euro
Position in the sector
28.9%
Higher than 30% of 35,125 companies in 2025.
1.10
Higher than 25% of 34,499 companies in 2025.
1.3%
Higher than 29% of 34,700 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€31,313
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 1 person joined and nobody left. Training hours in 2025: 2.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
230,411 | 276,004 | 251,510 | 306,629 | 118,543 | 143,434 | 151,755 | 110,875 | |
21/28 |
77,298 | 98,410 | 63,955 | 84,971 | 32,686 | 17,134 | 24,732 | 23,778 | |
22/27 |
77,298 | 98,410 | 63,955 | 84,971 | 32,686 | 17,134 | 24,732 | 23,778 | |
22 |
9,826 | - | - | - | - | - | - | - | |
23 |
330 | 1,150 | 2,033 | 3,997 | 5,961 | 4,347 | 4,325 | 23,778 | |
24 |
67,142 | 97,260 | 61,922 | 80,974 | 26,725 | 12,788 | 20,408 | - | |
29/58 |
153,113 | 177,594 | 187,554 | 221,658 | 85,856 | 126,300 | 127,023 | 87,097 | |
3 |
35,000 | 30,000 | 30,000 | 12,000 | - | - | - | - | |
37 |
35,000 | 30,000 | 30,000 | 12,000 | - | - | - | - | |
40/41 |
82,391 | 137,099 | 132,683 | 206,190 | 85,856 | 126,300 | 127,023 | 87,097 | |
40 |
78,376 | 129,321 | 130,147 | 187,240 | 82,635 | 126,300 | 118,642 | 67,025 | |
41 |
4,015 | 7,778 | 2,535 | 18,950 | 3,221 | - | 8,381 | 20,072 | |
54/58 |
30,740 | 9,950 | 24,674 | 3,240 | - | - | - | - | |
490/1 |
4,982 | 545 | 198 | 228 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
230,411 | 276,004 | 251,510 | 306,629 | 118,543 | 143,434 | 151,755 | 110,875 | |
10/15 |
66,526 | 63,603 | 59,678 | 24,824 | 24,692 | 64,463 | 32,094 | 33,265 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
13 |
47,926 | 45,003 | 41,078 | 6,224 | 6,092 | 45,863 | 14,665 | 14,665 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
133 |
46,066 | 43,143 | 39,218 | 4,364 | 4,232 | 44,003 | 12,805 | 12,805 | |
14 |
- | - | - | - | - | - | -1,171 | - | |
17/49 |
163,885 | 212,401 | 191,831 | 281,805 | 93,850 | 78,971 | 119,661 | 77,610 | |
17 |
24,398 | 53,378 | 30,372 | 48,046 | 16,986 | - | 18,104 | - | |
170/4 |
24,398 | 53,378 | 30,372 | 48,046 | 16,986 | - | 18,104 | - | |
42/48 |
138,840 | 158,669 | 161,334 | 233,716 | 76,864 | 78,971 | 101,557 | 73,253 | |
42 |
28,980 | 32,292 | 17,892 | 17,242 | 5,152 | 10,433 | 14,587 | - | |
43 |
- | - | - | - | 15,714 | 11,569 | 22,394 | 15,754 | |
430/8 |
- | - | - | - | 15,714 | 11,569 | 22,394 | 15,754 | |
44 |
62,274 | 71,078 | 71,736 | 152,100 | 15,326 | 35,946 | 52,135 | 47,223 | |
440/4 |
62,274 | 71,078 | 71,736 | 152,100 | 15,326 | 35,946 | 52,135 | 47,223 | |
45 |
5,033 | 3,544 | 951 | - | 9,226 | 14,520 | 7,770 | 8,975 | |
450/3 |
4,599 | 3,544 | 951 | - | 8,563 | 14,520 | 7,770 | 7,770 | |
454/9 |
434 | - | - | - | 663 | - | - | 1,206 | |
47/48 |
42,554 | 51,755 | 70,756 | 64,374 | 31,447 | 6,503 | 4,671 | 1,301 | |
492/3 |
647 | 353 | 125 | 43 | - | - | - | 4,357 | |
| Income statement | |||||||||
9900 |
50,460 | 30,380 | 65,063 | 39,871 | 12,147 | 60,464 | 13,722 | 34,054 | |
62 |
12,525 | 0 | - | 16,581 | 33,292 | - | - | - | |
630 |
26,915 | 16,230 | 21,965 | 17,490 | 13,597 | 8,764 | 8,701 | 10,072 | |
640/8 |
1,596 | 4,524 | 2,189 | 1,183 | 1,264 | 6,302 | 1,892 | 814 | |
9901 |
9,425 | 9,626 | 40,909 | 4,617 | -36,006 | 45,399 | 3,129 | 23,168 | |
65/66B |
4,621 | 2,984 | 5,278 | 4,486 | 3,764 | 2,615 | 4,300 | 734 | |
65 |
4,621 | 2,984 | 5,278 | 4,486 | 3,764 | 2,615 | 4,300 | 734 | |
9903 |
4,804 | 6,642 | 35,631 | 132 | -39,770 | 42,785 | -1,171 | 22,434 | |
67/77 |
1,882 | 2,717 | 777 | - | - | 10,416 | - | 7,770 | |
9904 |
2,922 | 3,925 | 34,854 | 132 | -39,770 | 32,369 | -1,171 | 14,665 | |
9905 |
2,922 | 3,925 | 34,854 | 132 | -39,770 | 32,369 | -1,171 | 14,665 | |
| Appropriation of the result | |||||||||
9906 |
2,922 | 3,925 | 34,854 | 132 | -39,770 | 31,198 | -1,171 | 14,665 | |
791/2 |
- | - | - | - | 39,770 | - | - | - | |
691/2 |
2,922 | 3,925 | 34,854 | 132 | - | 31,198 | - | 14,665 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
2,922 | 3,925 | 34,854 | 132 | - | 31,198 | - | 12,805 | |
| Social balance sheet | |||||||||
9087 |
0.4 | - | - | 1 | 0.8 | - | - | - | |
Hours worked1013 |
310 | - | - | 464 | 1,072 | - | - | - | |
| 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 29-07-2026.
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 | 29-07-2026 | 2026-00350092 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00300578 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00168422 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00222611 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20300058 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27900221 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-35800311 | |
| 31-12-2018 | micro format | 19-02-2019 | 2019-05400341 |
Subsidies and aid
Flemish government 2025, 1 entry, €354 awarded, €105 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 36,340 | 25,857 | 62,875 | 22,107 | -22,409 | 54,163 | 11,830 | 33,240 | ||
| 29,837 | 20,156 | 56,820 | 17,621 | -26,173 | 41,132 | 7,530 | 24,736 | ||
| 9,850 | 88,050 | 950 | 69,774 | 29,149 | 1,166 | 9,655 | 33,850 | ||
| 20,791 | -14,725 | 21,434 | - | - | - | - | - | ||
| 14,273 | 18,925 | 26,220 | -12,058 | 8,992 | 47,328 | 25,466 | 13,843 | ||
| 28.9% | 23.0% | 23.7% | 8.1% | 20.8% | 44.9% | 21.1% | 30.0% | ||
| 1.10 | 1.12 | 1.16 | 0.95 | 1.12 | 1.60 | 1.25 | 1.19 | ||
| 0.85 | 0.93 | 0.98 | 0.90 | 1.12 | 1.60 | 1.25 | 1.19 | ||
| 2.46 | 3.34 | 3.21 | 11.35 | 3.80 | 1.23 | 3.73 | 2.33 | ||
| 4.4% | 6.2% | 58.4% | 0.5% | -161.1% | 50.2% | -3.6% | 44.1% | ||
| 1.3% | 1.4% | 13.9% | 0.0% | -33.5% | 22.6% | -0.8% | 13.2% | ||
| 7.86 | 8.66 | 11.91 | 4.93 | -5.95 | - | - | - |
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 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 1 | 1 |
| full-time | 1 | - | 1 | 1 |
| part-time | 0 | - | - | - |
| in full-time equivalents | 1 | - | 1 | 1 |
| 0.4 | - | 1 | 0.8 | |
| On a permanent contract | 1 | - | 1 | 1 |
| Joined | 1 | 0 | - | 1 |
| Left | 0 | 1 | - | 0 |
| Training hours | 2 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,850 | €88,050 | €950 | €69,774 | €29,149 |
| €26,915 | €16,230 | €21,965 | €17,490 | €13,597 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NIVEAU+
The operating result for 2025 is 2% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 77.0% to 71.1%. Equity is higher and debt is lower.