NOTE CONSULT
Annual accounts 2025
micro format, filed on 16-03-2026, 137 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 ≈ €370,000. Estimated: probably between €240,000 and €570,000.
Balance sheet
balance sheet total €147,938 on 31-12-2025in euro
in euro
Position in the sector
16.8%
Higher than 21% of 2,302 companies in 2025.
1.12
Higher than 27% of 2,199 companies in 2025.
71.5%
Higher than 95% of 2,233 companies in 2025.
Net result: top quarter · 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 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
147,938 | 180,212 | 196,563 | 134,861 | 163,903 | 120,169 | 96,763 | |
21/28 |
20,186 | 28,853 | 35,303 | 2,887 | 1,604 | 2,497 | 1,712 | |
21 |
- | - | - | 37 | 77 | 117 | 157 | |
22/27 |
20,186 | 28,853 | 35,303 | 2,850 | 1,527 | 2,380 | 1,555 | |
24 |
20,186 | 28,853 | 35,303 | 2,850 | 1,527 | 2,380 | 1,555 | |
29/58 |
127,752 | 151,359 | 161,261 | 131,974 | 162,299 | 117,672 | 95,051 | |
40/41 |
21,424 | 16,870 | 27,984 | 30,793 | 771 | 107 | 15,270 | |
40 |
19,224 | 16,526 | 25,491 | 29,766 | - | 107 | 15,270 | |
41 |
2,200 | 344 | 2,493 | 1,027 | 771 | - | - | |
54/58 |
105,003 | 134,171 | 132,261 | 98,287 | 160,869 | 116,900 | 79,158 | |
490/1 |
1,325 | 318 | 1,016 | 2,894 | 660 | 666 | 623 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
147,938 | 180,212 | 196,563 | 134,861 | 163,903 | 120,169 | 96,763 | |
10/15 |
24,916 | 24,828 | 22,154 | 22,037 | 150,202 | 102,307 | 76,660 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | |
13 |
6,316 | 6,228 | 3,554 | 3,437 | 131,602 | 83,707 | 58,060 | |
133 |
6,316 | 6,228 | 3,554 | 3,437 | 131,602 | 83,707 | 58,060 | |
17/49 |
123,022 | 155,384 | 174,409 | 112,824 | 13,700 | 17,862 | 20,103 | |
17 |
9,442 | 16,829 | 24,073 | - | - | - | - | |
170/4 |
9,442 | 16,829 | 24,073 | - | - | - | - | |
42/48 |
113,580 | 138,554 | 150,336 | 112,824 | 13,700 | 17,862 | 20,103 | |
42 |
7,388 | 7,244 | 7,102 | - | - | - | - | |
44 |
1,303 | 887 | 614 | 544 | 1,390 | 475 | 364 | |
440/4 |
1,303 | 887 | 614 | 544 | 1,390 | 475 | 364 | |
45 |
10,587 | 9,821 | 18,029 | 17,279 | 10,077 | 15,759 | 17,900 | |
450/3 |
10,587 | 9,821 | 18,029 | 16,677 | 10,077 | 15,415 | 17,900 | |
454/9 |
- | - | - | 603 | - | 344 | - | |
47/48 |
94,302 | 120,602 | 124,590 | 95,000 | 2,233 | 1,629 | 1,839 | |
| Income statement | ||||||||
9900 |
146,782 | 169,333 | 170,952 | 126,444 | 61,758 | 33,642 | 76,343 | |
630 |
9,351 | 9,742 | 7,818 | 1,610 | 893 | 735 | 2,318 | |
640/8 |
277 | 274 | 363 | 112 | 111 | 109 | 107 | |
9901 |
137,154 | 159,316 | 162,771 | 124,722 | 60,754 | 32,798 | 73,918 | |
75/76B |
437 | 388 | - | - | - | - | - | |
75 |
437 | 388 | - | - | - | - | - | |
65/66B |
664 | 773 | 647 | 144 | 129 | 175 | 133 | |
65 |
664 | 773 | 647 | 144 | 129 | 175 | 133 | |
9903 |
136,927 | 158,931 | 162,124 | 124,578 | 60,625 | 32,623 | 73,784 | |
67/77 |
31,139 | 36,257 | 37,507 | 27,743 | 12,729 | 6,977 | 15,725 | |
9904 |
105,788 | 122,674 | 124,617 | 96,835 | 47,895 | 25,647 | 58,060 | |
9905 |
105,788 | 122,674 | 124,617 | 96,835 | 47,895 | 25,647 | 58,060 | |
| Appropriation of the result | ||||||||
9906 |
105,788 | 122,674 | 124,617 | 96,835 | 47,895 | 25,647 | 58,060 | |
791/2 |
- | - | - | 130,000 | - | - | - | |
691/2 |
88 | 2,674 | 117 | 1,835 | 47,895 | 25,647 | 58,060 | |
6921 |
88 | 2,674 | 117 | 1,835 | 47,895 | 25,647 | 58,060 | |
694/7 |
105,700 | 120,000 | 124,500 | 225,000 | - | - | - | |
694 |
105,700 | 120,000 | 124,500 | 225,000 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 16-03-2026.
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 | 16-03-2026 | 2026-00055953 | |
| 31-12-2024 | micro format | 18-04-2025 | 2025-00074904 | |
| 31-12-2023 | micro format | 05-04-2024 | 2024-00059557 | |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00246539 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20208797 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36400240 | |
| 31-12-2019 | micro format | 14-07-2020 | 2020-30400076 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 146,504 | 169,058 | 170,589 | 126,332 | 61,647 | 33,533 | 76,236 | ||
| 115,138 | 132,416 | 132,435 | 98,445 | 48,788 | 26,382 | 60,378 | ||
| 683 | 3,293 | 40,234 | 2,893 | 0 | 1,520 | 4,030 | ||
| -29,168 | 1,910 | 33,974 | -62,582 | 43,969 | 37,741 | - | ||
| 14,172 | 12,805 | 10,925 | 19,151 | 148,598 | 99,810 | 74,948 | ||
| 16.8% | 13.8% | 11.3% | 16.3% | 91.6% | 85.1% | 79.2% | ||
| 1.12 | 1.09 | 1.07 | 1.17 | 11.85 | 6.59 | 4.73 | ||
| 4.94 | 6.26 | 7.87 | 5.12 | 0.09 | 0.17 | 0.26 | ||
| 424.6% | 494.1% | 562.5% | 439.4% | 31.9% | 25.1% | 75.7% | ||
| 71.5% | 68.1% | 63.4% | 71.8% | 29.2% | 21.3% | 60.0% | ||
| over 100 | over 100 | over 100 | 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 | €683 | €3,293 | €40,234 | €2,893 | - |
| €9,351 | €9,742 | €7,818 | €1,610 | €893 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NOTE CONSULT
The operating result for 2025 is 14% 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 86.2% to 83.2%. Equity is higher and debt is lower.