NO LIMITS (0448.506.224): financials and annual accounts

NO LIMITS

Waterloo ·KBO/BCE: BE 0448.506.224

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	347,675	351,262	286,777	281,737	263,610	255,123	196,652	174,031	147,632	218,245	161,299	132,758	103,748	77,602	119,285	133,060	158,569	131,375	118,808	85,088
`21/28`	111,140	12,778	20,833	29,272	53,291	41,077	55,747	41,779	29,419	43,435	20,436	27,054	3,334	7,148	13,648	26,762	40,035	27,704	5,355	5,027
`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	1,600	-	-	-
`22/27`	107,777	12,415	20,470	28,909	53,291	41,077	55,747	41,779	29,419	43,435	20,436	27,054	3,334	7,148	12,904	25,218	37,691	26,960	2,752	2,424
`23`	6,144	2,115	3,136	4,022	10,299	16,790	17,959	24,333	4,324	5,585	2,014	2,077	2,314	2,238	3,482	3,806	4,153	1,576	984	396
`24`	83,198	10,299	17,334	24,887	42,992	24,287	37,788	17,446	25,094	37,851	18,422	24,976	1,020	4,910	9,423	21,411	33,538	25,384	1,768	2,028
`26`	18,434	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	3,363	363	363	363	-	-	-	-	-	-	-	-	-	-	744	744	744	744	2,603	2,603
`29/58`	236,535	338,484	265,945	252,465	210,318	214,046	140,905	132,252	118,213	174,810	140,863	105,704	100,414	70,454	105,637	106,299	118,534	103,671	113,453	80,061
`3`	52,693	37,824	28,970	34,574	29,584	15,665	4,741	20,547	20,149	17,371	15,951	37,898	5,877	8,903	14,478	16,724	16,262	18,831	11,927	7,707
`30/36`	52,693	37,824	28,970	34,574	29,584	15,665	4,741	20,547	20,149	17,371	15,951	37,898	5,877	8,903	14,478	16,724	16,262	18,831	11,927	7,707
`40/41`	65,579	77,562	91,976	53,474	53,625	25,182	37,991	49,218	56,691	83,196	84,422	58,673	93,345	57,114	75,538	84,041	66,962	79,577	67,609	67,421
`40`	56,702	69,305	83,232	48,977	47,731	24,589	32,054	38,668	53,212	48,866	57,531	27,298	75,379	57,114	75,535	79,588	61,483	68,957	59,695	57,010
`41`	8,876	8,257	8,744	4,497	5,895	593	5,937	10,549	3,478	34,331	26,891	31,374	17,966	-	3	4,452	5,479	10,620	7,914	10,411
`54/58`	113,934	211,977	141,203	154,809	118,726	169,590	86,786	57,988	31,633	68,370	37,687	6,873	-	-	14,164	-	28,649	-	33,917	3,644
`490/1`	4,329	11,121	3,795	9,608	8,383	3,609	11,387	4,498	9,741	5,871	2,803	2,260	1,193	4,437	1,457	5,535	6,660	5,263	-	1,288
Balance sheet: equity and liabilities
`10/49`	347,675	351,262	286,777	281,737	263,610	255,123	196,652	174,031	147,632	218,245	161,299	132,758	103,748	77,602	119,285	133,060	158,569	131,375	118,808	85,088
`10/15`	221,924	252,157	254,239	228,164	191,075	148,098	101,049	77,955	64,329	60,053	56,438	30,947	29,709	16,785	7,842	13,978	13,893	13,142	18,196	8,883
`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`11`	-	-	-	-	-	18,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1109/19`	-	-	-	-	-	18,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`13`	8,109	8,109	8,109	8,109	8,109	8,109	8,109	8,109	8,109	8,109	8,109	8,109	8,109	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`130/1`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	-	-	-	-	-	-	-
`14`	195,223	225,456	227,538	201,463	164,374	121,397	74,348	51,254	37,628	33,352	29,737	4,246	3,008	-3,667	-12,609	-6,473	-6,558	-7,309	-2,255	-11,568
`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	4,000
`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	4,000
`17/49`	125,751	99,105	32,538	53,573	72,535	107,025	95,603	96,076	83,303	158,192	104,861	101,810	74,039	60,817	111,442	119,082	144,676	118,233	94,612	72,205
`17`	19,108	-	-	-	6,471	28,540	50,285	32,598	12,667	22,972	12,055	19,724	-	-	3,564	12,139	23,649	16,171	-	-
`170/4`	19,108	-	-	-	6,471	28,540	50,285	32,598	12,667	22,972	12,055	19,724	-	-	3,564	12,139	23,649	16,171	-	-
`42/48`	106,635	99,105	31,430	53,566	65,472	78,478	44,919	63,459	69,401	133,315	92,806	82,086	74,039	60,817	107,878	106,944	121,026	102,062	94,612	72,205
`42`	7,656	-	-	6,471	22,069	21,744	21,425	14,772	10,304	14,091	7,669	7,388	-	3,564	8,574	11,511	10,977	5,896	-	1,375
`43`	-	-	-	-	-	-	-	-	-	-	-	-	8,433	1,558	-	1,336	-	1,406	-	-
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	8,433	1,558	-	1,336	-	1,406	-	-
`44`	61,066	34,484	8,033	9,056	26,617	30,634	5,902	23,841	46,820	92,840	53,313	54,280	33,539	41,978	69,672	78,450	77,205	54,673	68,025	56,710
`440/4`	61,066	34,484	8,033	9,056	26,617	30,634	5,902	23,841	46,820	92,840	53,313	54,280	33,539	41,978	69,672	78,450	77,205	54,673	68,025	56,710
`46`	8,500	4,000	4,000	4,000	4,000	-	8,000	18,363	6,573	7,959	14,913	6,573	6,573	6,573	6,573	6,573	8,173	12,073	9,149	2,489
`45`	13,607	17,620	18,915	31,843	12,787	22,835	5,157	3,816	5,704	18,425	16,911	7,846	5,495	6,857	12,365	577	1,780	6,873	6,715	6,537
`450/3`	13,607	17,040	18,915	31,843	12,574	20,835	3,443	2,020	2,816	13,708	11,459	5,007	2,949	6,857	4,851	562	634	4,731	5,236	1,974
`454/9`	-	580	-	-	213	2,000	1,715	1,796	2,888	4,717	5,452	2,839	2,546	-	7,514	16	1,146	2,142	1,479	4,563
`47/48`	15,805	43,000	482	2,195	-	3,265	4,435	2,668	-	-	-	6,000	20,000	287	10,695	8,497	22,891	21,142	10,723	5,094
`492/3`	9	-	1,108	8	592	7	399	19	1,235	1,905	-	-	-	-	-	-	-	-	-	-
Income statement
`76A`	-	-	-	-	5,000	-	17,119	-	-	-	-	-	500	-	1,322	-	-	3,091	-	413
`9900`	105,281	168,276	138,930	184,892	157,134	156,651	119,461	128,935	122,146	119,040	107,620	63,642	55,419	86,065	85,520	142,381	125,650	75,947	100,700	75,926
`62`	110,162	106,541	108,033	107,207	73,157	54,253	54,431	75,058	93,677	96,282	59,425	47,225	13,724	33,749	75,865	120,067	104,559	72,147	80,952	64,821
`630`	22,324	8,496	8,976	25,169	23,996	21,407	30,300	20,508	16,361	15,659	7,240	7,806	6,405	7,018	14,007	16,742	15,874	10,511	1,269	7,703
`631/4`	-1,735	-1,630	-12,294	-8,272	-3,040	15,332	4,217	10,859	2,675	-312	133	-834	-1,000	31,911	-	1,310	2,490	-	-175	-5,826
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	4,000
`640/8`	3,434	120	1,454	9,692	5,609	60	110	3,127	110	110	1,462	110	105	972	1,234	1,200	151	125	1,341	540
`66A`	352	96	-	-	-	-	1,835	2,680	-	70	620	-	386	1,025	-	163	-	374	-	-
`9901`	-29,256	54,653	32,760	51,097	57,412	65,599	28,569	16,703	9,323	7,231	39,360	9,334	36,186	12,414	-5,586	3,060	2,577	-6,836	15,313	4,689
`75/76B`	451	720	469	39	50	35	15	444	181	420	467	30	1	0	377	99	66	167	14	1,944
`75`	451	720	469	39	50	35	15	444	181	420	467	30	1	0	377	99	66	167	14	1,944
`65/66B`	1,428	848	444	1,359	1,912	2,015	2,072	1,501	3,362	2,601	3,017	1,414	743	1,205	2,250	2,911	1,891	1,100	2,033	3,734
`65`	1,428	848	444	1,359	1,912	2,015	2,072	1,501	3,362	2,601	3,017	1,414	743	1,205	2,250	2,911	1,891	1,100	2,033	3,734
`9903`	-30,233	54,525	32,785	49,777	55,551	63,619	26,512	15,646	6,143	5,050	36,191	7,951	35,559	10,184	-6,136	85	752	-5,052	13,294	3,312
`67/77`	-	13,607	6,710	12,688	12,574	16,571	3,418	2,020	1,867	1,435	10,700	712	2,634	1,242	-	-	1	2	3,981	189
`9904`	-30,233	40,918	26,075	37,089	42,977	47,049	23,094	13,626	4,276	3,615	25,491	7,239	32,924	8,942	-6,136	85	751	-5,054	9,313	3,123
`689`	-	-	-	-	-	-	-	-	-	-	-	-	6,250	-	-	-	-	-	-	-
`9905`	-30,233	40,918	26,075	37,089	42,977	47,049	23,094	13,626	4,276	3,615	25,491	7,239	26,674	8,942	-6,136	85	751	-5,054	9,313	3,123
Appropriation of the result
`9906`	195,223	268,456	227,538	201,463	164,374	121,397	74,348	51,254	37,628	33,352	29,737	10,246	23,008	-3,667	-12,609	-6,473	-6,558	-7,309	-2,255	-11,568
`14P`	225,456	227,538	201,463	164,374	121,397	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	-	43,000	-	-	-	-	-	-	-	-	-	6,000	20,000	-	-	-	-	-	-	-
`694`	-	43,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	6,000	20,000	-	-	-	-	-	-	-
Social balance sheet
`9087`	2.1	2	2	2.4	1.7	1	1.1	1.7	2	2.1	0.6	1	0.5	0.7	1.7	3.9	3.2	2.4	2.4	2
Hours worked`1013`	3,070	2,755	2,847	3,452	2,256	1,725	2,432	2,725	3,316	3,568	1,087	1,856	728	1,102	2,832	4,858	4,296	3,099	3,421	2,739
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-06-2026	2026-00232357	PDF
31-12-2024	micro format	03-09-2025	2025-00478459	PDF
31-12-2023	micro format	12-09-2024	2024-00460598	PDF
31-12-2022	micro format	31-08-2023	2023-00404429	PDF
31-12-2021	micro format	11-10-2022	2022-20458424	PDF
31-12-2020	micro format	28-10-2021	2021-75700514	PDF
31-12-2019	micro format	30-10-2020	2020-66900574	PDF
31-12-2018	micro format	16-09-2019	2019-64500246	PDF
31-12-2017	micro format	26-09-2018	2018-65200103	PDF
31-12-2016	micro format	29-09-2017	2017-65800436	PDF
31-12-2015	full format	30-09-2016	2016-63900372	PDF
31-12-2014	full format	26-11-2015	2015-67900496	PDF
31-12-2013	full format	01-10-2014	2014-63800544	PDF
31-12-2012	full format	25-09-2013	2013-59500118	PDF
31-12-2011	full format	21-09-2012	2012-57100412	PDF
31-12-2010	full format	29-09-2011	2011-55900219	PDF
31-12-2009	full format	03-08-2010	2010-38600587	PDF
31-12-2008	full format	10-07-2009	2009-41300062	PDF
31-12-2007	full format	19-06-2008	2008-27400345	PDF
31-12-2006	full format	28-06-2007	2007-31800306	PDF
31-12-2005	full format	26-07-2006	2006-53603943	PDF
31-12-2004	full format	24-10-2005	2005-83302643	PDF
31-12-2003	full format	08-04-2005	2005-11103218	PDF
31-12-2002	full format	29-09-2003	2003-69800042	PDF
31-12-2001	full format	31-12-2002	2002-80100042	PDF
31-12-2000	full format	11-07-2001	2001-36603568	PDF
31-12-1999	full format	20-07-2000	2000-44703451	PDF
31-12-1998	full format	25-06-1999	1999-24101189	PDF
31-12-1997	full format	03-08-1998	1998-39001803	PDF
31-12-1996	full format	22-07-1997	1997-32104722	PDF
31-12-1995	full format	31-07-1996	1996-38602769	PDF
31-12-1994	full format	26-06-1995	1995-29002726	PDF
31-12-1993	full format	26-07-1994	1994-32205034	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-6,932	63,149	41,736	76,265	81,408	87,006	58,869	37,211	25,684	22,890	46,600	17,140	42,591	19,432	8,422	19,802	18,450	3,676	16,582	12,392
-7,910	49,414	35,051	62,258	66,973	68,456	53,394	34,133	20,637	19,274	32,731	15,045	39,329	15,961	7,871	16,827	16,625	5,457	10,581	10,827
121,038	536	536	1,150	36,210	6,737	56,689	35,849	2,344	38,715	1,578	31,526	2,976	1,386	1,319	3,632	28,205	34,719	1,596	2,734
-98,043	70,774	-13,606	36,083	-50,863	82,804	28,797	26,355	-36,737	30,683	30,814	-	-	-	-	-	-	-	30,273	-
129,900	239,380	234,514	198,899	144,846	135,567	95,986	68,792	48,813	41,494	48,057	23,618	26,375	9,637	-2,241	-645	-2,492	1,609	18,841	7,856
63.8%	71.8%	88.7%	81.0%	72.5%	58.0%	51.4%	44.8%	43.6%	27.5%	35.0%	23.3%	28.6%	21.6%	6.6%	10.5%	8.8%	10.0%	15.3%	10.4%
2.22	3.42	8.46	4.71	3.21	2.73	3.14	2.08	1.70	1.31	1.52	1.29	1.36	1.16	0.98	0.99	0.98	1.02	1.20	1.11
1.72	3.03	7.54	4.07	2.76	2.53	3.03	1.76	1.41	1.18	1.35	0.83	1.28	1.01	0.85	0.84	0.85	0.83	1.07	1.00
0.57	0.39	0.13	0.23	0.38	0.72	0.95	1.23	1.29	2.63	1.86	3.29	2.49	3.62	14.21	8.52	10.41	9.00	5.20	8.13
-13.6%	16.2%	10.3%	16.3%	22.5%	31.8%	22.9%	17.5%	6.6%	6.0%	45.2%	23.4%	110.8%	53.3%	-78.2%	0.6%	5.4%	-38.5%	51.2%	35.2%
-8.7%	11.6%	9.1%	13.2%	16.3%	18.4%	11.7%	7.8%	2.9%	1.7%	15.8%	5.5%	31.7%	11.5%	-5.1%	0.1%	0.5%	-3.8%	7.8%	3.7%
-4.85	74.44	93.92	56.13	42.58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	2	2	2
full-time	2	2	2	2	2
in full-time equivalents	2	2	2	2	2
	2.1	2	2	2.4	1.7
On a permanent contract	2	2	2	2	2
Joined	1	-	-	3	1
Left	1	-	-	3	0

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€118,038	€536	€536	€787	€36,210
Financial fixed assets	€3,000	-	-	€363	-
	€22,324	€8,496	€8,976	€25,169	€23,996

NO LIMITS

Annual accounts 2025

Balance sheet

in euro

in euro

Position in the sector

63.8%

2.22

-8.7%

Staff

€52,458

level

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on NO LIMITS

Next steps

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency63.8%

Current ratio2.22

Return on assets-8.7%

Staff

Staff cost per FTE€52,458

Joined and leftlevel

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on NO LIMITS

Next steps

in euro

in euro

63.8%

2.22

-8.7%

€52,458

level