NPEC
Annual accounts 2025
micro format, filed on 23-06-2026, 38 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 ≈ €95,000. Estimated: probably between €57,000 and €130,000.
Balance sheet
balance sheet total €82,182 on 31-12-2025in euro
in euro
Position in the sector
26.2%
Higher than 27% of 39,360 companies in 2025.
1.31
Higher than 35% of 38,044 companies in 2025.
25.0%
Higher than 65% of 38,516 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 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
82,182 | 76,279 | 62,094 | 48,037 | |
21/28 |
2,472 | 2,884 | 4,616 | 4,433 | |
22/27 |
2,472 | 2,884 | 4,616 | 4,433 | |
24 |
2,472 | 2,884 | 4,616 | 4,433 | |
29/58 |
79,710 | 73,395 | 57,477 | 43,603 | |
40/41 |
12,493 | 27,202 | 28,566 | 10,069 | |
40 |
12,090 | 26,609 | 28,033 | 9,322 | |
41 |
403 | 593 | 532 | 747 | |
54/58 |
63,692 | 42,696 | 26,378 | 29,898 | |
490/1 |
3,526 | 3,497 | 2,533 | 3,636 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
82,182 | 76,279 | 62,094 | 48,037 | |
10/15 |
21,551 | 66,544 | 50,550 | 32,646 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | |
13 |
20,507 | - | - | - | |
133 |
20,507 | - | - | - | |
14 |
44 | 65,544 | 49,550 | 31,646 | |
17/49 |
60,630 | 9,735 | 11,544 | 15,390 | |
42/48 |
60,630 | 9,735 | 11,544 | 15,390 | |
44 |
1,455 | 2,543 | 3,286 | 2,694 | |
440/4 |
1,455 | 2,543 | 3,286 | 2,694 | |
45 |
3,284 | 1,697 | 5,624 | 8,739 | |
450/3 |
3,284 | 1,697 | 5,624 | 8,739 | |
47/48 |
55,891 | 5,496 | 2,635 | 3,957 | |
| Income statement | |||||
9900 |
32,508 | 24,702 | 26,022 | 44,295 | |
630 |
1,779 | 1,733 | 1,300 | 832 | |
640/8 |
573 | 1,054 | 536 | 3,122 | |
9901 |
30,156 | 21,914 | 24,186 | 40,341 | |
75/76B |
- | - | 4 | 201 | |
75 |
- | - | 4 | 201 | |
65/66B |
364 | 629 | 663 | 157 | |
65 |
364 | 629 | 663 | 157 | |
9903 |
29,792 | 21,286 | 23,527 | 40,385 | |
67/77 |
9,284 | 5,292 | 5,624 | 8,739 | |
9904 |
20,507 | 15,994 | 17,903 | 31,646 | |
9905 |
20,507 | 15,994 | 17,903 | 31,646 | |
| Appropriation of the result | |||||
9906 |
86,051 | 65,544 | 49,550 | 31,646 | |
14P |
65,544 | 49,550 | 31,646 | - | |
691/2 |
20,507 | - | - | - | |
6921 |
20,507 | - | - | - | |
694/7 |
65,500 | - | - | - | |
694 |
65,500 | - | - | - | |
| Document | |||||
The notes to these accounts have 5 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 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 31,935 | 23,647 | 25,486 | 41,173 | ||
| 22,287 | 17,727 | 19,203 | 32,479 | ||
| 1,367 | 0 | 1,483 | 5,266 | ||
| 20,995 | 16,318 | -3,520 | - | ||
| 19,079 | 63,660 | 45,933 | 28,213 | ||
| 26.2% | 87.2% | 81.4% | 68.0% | ||
| 1.31 | 7.54 | 4.98 | 2.83 | ||
| 2.81 | 0.15 | 0.23 | 0.47 | ||
| 95.2% | 24.0% | 35.4% | 96.9% | ||
| 25.0% | 21.0% | 28.8% | 65.9% | ||
| 87.74 | 37.62 | 38.43 | 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 |
|---|---|---|---|---|
| Tangible fixed assets | €1,367 | - | €1,483 | €5,266 |
| €1,779 | €1,733 | €1,300 | €832 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on NPEC
The operating result for 2025 is 38% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 12.8% to 73.8%. Equity is lower and debt is higher.