NLCS
Annual accounts 2025
micro format, filed on 27-07-2026, 4 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 ≈ €150,000. Estimated: probably between €120,000 and €190,000.
Balance sheet
balance sheet total €98,305 on 31-12-2025in euro
in euro
Position in the sector
68.0%
Higher than 63% of 39,376 companies in 2025.
3.40
Higher than 67% of 38,058 companies in 2025.
46.7%
Higher than 85% 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 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
98,305 | 112,720 | 114,785 | 162,023 | 80,015 | 41,967 | |
21/28 |
28,088 | 42,827 | 55,775 | 68,487 | 4,575 | 2,380 | |
22/27 |
28,088 | 42,827 | 55,775 | 68,487 | 4,575 | 2,380 | |
23 |
4,390 | 6,503 | 6,824 | 6,909 | 4,575 | 2,380 | |
24 |
23,697 | 36,324 | 48,951 | 61,578 | - | - | |
29/58 |
70,217 | 69,893 | 59,011 | 93,536 | 75,440 | 39,587 | |
40/41 |
14,969 | 14,192 | 13,669 | 603 | - | - | |
40 |
13,613 | 13,613 | 13,613 | 199 | - | - | |
41 |
1,356 | 580 | 57 | 404 | - | - | |
54/58 |
53,130 | 53,690 | 43,440 | 91,106 | 74,412 | 38,683 | |
490/1 |
2,119 | 2,011 | 1,901 | 1,827 | 1,028 | 904 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
98,305 | 112,720 | 114,785 | 162,023 | 80,015 | 41,967 | |
10/15 |
66,818 | 68,885 | 57,488 | 102,993 | 63,345 | 25,987 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
63,818 | 65,885 | 54,488 | 99,993 | 60,345 | 22,987 | |
133 |
63,818 | 65,885 | 54,488 | 99,993 | 60,345 | 22,987 | |
17/49 |
31,487 | 43,834 | 57,297 | 59,030 | 16,670 | 15,981 | |
17 |
10,847 | 22,485 | 33,926 | 45,170 | 5,000 | 5,000 | |
170/4 |
10,847 | 22,485 | 33,926 | 45,170 | 5,000 | 5,000 | |
42/48 |
20,641 | 21,349 | 23,372 | 13,860 | 11,670 | 10,981 | |
42 |
11,639 | 11,440 | 11,245 | 11,053 | - | - | |
44 |
1,728 | 2,335 | 4,168 | 1,620 | 1,120 | 2,359 | |
440/4 |
1,728 | 2,335 | 4,168 | 1,620 | 1,120 | 2,359 | |
45 |
6,302 | 6,602 | 6,771 | - | 8,563 | 7,052 | |
450/3 |
6,302 | 6,602 | 6,771 | - | 8,563 | 7,052 | |
47/48 |
972 | 972 | 1,187 | 1,187 | 1,987 | 1,570 | |
| Income statement | |||||||
9900 |
75,320 | 76,631 | 59,400 | 55,251 | 50,315 | 33,954 | |
630 |
15,906 | 15,729 | 15,147 | 3,692 | 1,402 | 3,003 | |
640/8 |
920 | 901 | 843 | 708 | 682 | 807 | |
9901 |
58,495 | 60,001 | 43,410 | 50,851 | 48,231 | 30,144 | |
75/76B |
337 | 280 | 89 | 60 | 39 | 6 | |
75 |
337 | 280 | 89 | 60 | 39 | 6 | |
65/66B |
615 | 812 | 969 | 320 | 94 | 21 | |
65 |
615 | 812 | 969 | 320 | 94 | 21 | |
9903 |
58,216 | 59,469 | 42,529 | 50,591 | 48,176 | 30,129 | |
67/77 |
12,284 | 12,472 | 9,033 | 10,943 | 10,017 | 6,342 | |
9904 |
45,933 | 46,997 | 33,496 | 39,648 | 38,158 | 23,787 | |
9905 |
45,933 | 46,997 | 33,496 | 39,648 | 38,158 | 23,787 | |
| Appropriation of the result | |||||||
9906 |
45,933 | 46,997 | 33,496 | 39,648 | 38,158 | 23,787 | |
791/2 |
48,000 | 35,600 | 79,000 | - | - | - | |
691/2 |
45,933 | 46,997 | 33,496 | 39,648 | 37,358 | 22,987 | |
6921 |
45,933 | 46,997 | 33,496 | 39,648 | 37,358 | 22,987 | |
694/7 |
48,000 | 35,600 | 79,000 | - | 800 | 800 | |
694 |
48,000 | 35,600 | 79,000 | - | 800 | 800 | |
| Document | |||||||
The notes to these accounts have 6 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 27-07-2026.
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 | 27-07-2026 | 2026-00336164 | |
| 31-12-2024 | micro format | 12-07-2025 | 2025-00275453 | |
| 31-12-2023 | micro format | 30-06-2024 | 2024-00208446 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00205595 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20181816 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-24100022 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 74,401 | 75,730 | 58,557 | 54,543 | 49,633 | 33,147 | ||
| 61,839 | 62,727 | 48,643 | 43,340 | 39,561 | 26,790 | ||
| 1,167 | 2,781 | 2,435 | 67,604 | 3,597 | 2,727 | ||
| -560 | 10,250 | -47,666 | 16,693 | 35,729 | - | ||
| 49,577 | 48,544 | 35,639 | 79,676 | 63,770 | 28,606 | ||
| 68.0% | 61.1% | 50.1% | 63.6% | 79.2% | 61.9% | ||
| 3.40 | 3.27 | 2.52 | 6.75 | 6.46 | 3.61 | ||
| 0.47 | 0.64 | 1.00 | 0.57 | 0.26 | 0.61 | ||
| 68.7% | 68.2% | 58.3% | 38.5% | 60.2% | 91.5% | ||
| 46.7% | 41.7% | 29.2% | 24.5% | 47.7% | 56.7% | ||
| over 100 | 93.28 | 60.42 | over 100 | over 100 | - |
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 | €1,167 | €2,781 | €2,435 | €67,604 | €3,597 |
| €15,906 | €15,729 | €15,147 | €3,692 | €1,402 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NLCS
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total falls from 38.9% to 32.0%. Equity and debt are lower.