NVZ
Annual accounts 2025
micro format, filed on 15-05-2026, 77 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 €160,000 and €310,000.
Balance sheet
balance sheet total €90,197 on 31-12-2025in euro
in euro
Position in the sector
22.9%
Higher than 22% of 16,409 companies in 2025.
0.76
Higher than 11% of 16,149 companies in 2025.
82.2%
Higher than 95% of 16,286 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
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 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
90,197 | 285,750 | 254,881 | 206,669 | 221,591 | 244,239 | 102,387 | 94,759 | 95,689 | 62,795 | |
21/28 |
43,974 | 55,042 | 22,422 | 21,283 | 13,452 | 15,421 | 716 | 14,657 | 19,542 | - | |
22/27 |
43,974 | 55,042 | 22,422 | 21,283 | 13,452 | 15,421 | 716 | 14,657 | 19,542 | - | |
23 |
- | 143 | 1,157 | 6,122 | 4,404 | 5,674 | - | - | - | - | |
24 |
34,094 | 43,616 | 10,482 | 9,845 | 9,048 | 9,747 | 716 | 14,657 | 19,542 | - | |
26 |
9,880 | 11,284 | 10,783 | 5,316 | - | - | - | - | - | - | |
29/58 |
46,223 | 230,707 | 232,459 | 185,386 | 208,139 | 228,818 | 101,671 | 80,102 | 76,147 | 62,795 | |
40/41 |
12,262 | 184,528 | 66,053 | 7,196 | 696 | 166,970 | 58,715 | 11,736 | 37,564 | 11,174 | |
40 |
605 | 172,678 | - | 696 | 696 | 123,970 | 18,169 | - | 18,150 | 8,470 | |
41 |
11,657 | 11,850 | 66,053 | 6,500 | - | 43,000 | 40,546 | 11,736 | 19,414 | 2,704 | |
54/58 |
29,830 | 42,097 | 164,255 | 176,203 | 205,455 | 61,848 | 42,816 | 66,848 | 38,583 | 51,621 | |
490/1 |
4,130 | 4,083 | 2,151 | 1,987 | 1,988 | - | 140 | 1,518 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
90,197 | 285,750 | 254,881 | 206,669 | 221,591 | 244,239 | 102,387 | 94,759 | 95,689 | 62,795 | |
10/15 |
20,640 | 20,470 | 20,969 | 21,369 | 20,534 | 20,464 | 20,472 | 35,787 | 30,595 | 62,511 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | - | - | - | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | - | - | - | 1,860 | 1,860 | - | - | - | - | |
133 |
- | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
14 |
180 | 10 | 509 | 909 | 74 | 4 | 12 | 15,327 | 10,135 | 42,051 | |
17/49 |
69,556 | 265,279 | 233,912 | 185,300 | 201,057 | 223,775 | 81,915 | 58,972 | 65,094 | 284 | |
17 |
8,999 | 22,136 | - | - | - | - | - | 9,515 | 14,953 | - | |
170/4 |
8,999 | 22,136 | - | - | - | - | - | 9,515 | 14,953 | - | |
42/48 |
60,558 | 243,143 | 233,912 | 185,300 | 201,057 | 223,774 | 81,842 | 49,457 | 50,141 | 284 | |
42 |
25,239 | 38,798 | 26,212 | 35,679 | 22,272 | - | - | 5,437 | 5,437 | - | |
44 |
3,277 | 9,453 | 5,613 | 5,016 | 5,596 | 3,562 | 2,399 | 188 | 293 | - | |
440/4 |
3,277 | 9,453 | 5,613 | 5,016 | 5,596 | 3,562 | 2,399 | 188 | 293 | - | |
45 |
13,520 | 9,253 | 16,185 | 49,245 | 19,142 | 8,862 | 10,443 | 7,832 | 29,411 | 284 | |
450/3 |
13,520 | 9,253 | 16,185 | 49,245 | 19,142 | 8,862 | 10,443 | 7,832 | 29,411 | 284 | |
47/48 |
18,523 | 185,640 | 185,903 | 95,360 | 154,047 | 211,350 | 69,000 | 36,000 | 15,000 | - | |
492/3 |
- | - | - | - | - | 1 | 73 | - | - | - | |
| Income statement | |||||||||||
9900 |
117,091 | 217,536 | 288,066 | 339,099 | 211,140 | 286,416 | 90,943 | 48,635 | 13,281 | 46,048 | |
630 |
11,069 | 8,407 | 5,476 | 6,522 | 5,370 | 3,611 | 358 | 4,886 | 4,886 | - | |
640/8 |
2,163 | 4,196 | 348 | 348 | 379 | 347 | 1,940 | 429 | 938 | 70 | |
66A |
- | - | - | - | - | - | - | 1,888 | 710 | 515 | |
9901 |
103,860 | 204,933 | 282,242 | 332,229 | 205,391 | 282,458 | 88,645 | 41,432 | 6,747 | 45,463 | |
75/76B |
- | - | - | - | 1 | 525 | 428 | 5 | - | 21 | |
75 |
- | - | - | - | 1 | 525 | 428 | 5 | - | 21 | |
65/66B |
3,497 | 2,188 | 1,005 | 904 | 7,841 | 517 | 175 | 245 | 262 | 1,570 | |
65 |
3,497 | 2,188 | 1,005 | 904 | 7,841 | 517 | 175 | 245 | 262 | 1,570 | |
9903 |
100,362 | 202,745 | 281,238 | 331,325 | 197,551 | 282,466 | 88,898 | 41,192 | 6,485 | 43,914 | |
67/77 |
26,193 | 47,443 | 66,639 | 78,490 | 45,581 | 67,024 | 35,213 | - | 16,972 | 3 | |
9904 |
74,170 | 155,302 | 214,599 | 252,835 | 151,970 | 215,442 | 53,685 | 41,192 | -10,487 | 43,911 | |
9905 |
74,170 | 155,302 | 214,599 | 252,835 | 151,970 | 215,442 | 53,685 | 41,192 | -10,487 | 43,911 | |
| Appropriation of the result | |||||||||||
9906 |
74,180 | 155,810 | 215,509 | 252,909 | 151,974 | 215,454 | 69,012 | 51,327 | 31,564 | 43,911 | |
14P |
10 | 509 | 910 | 74 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
74,000 | 155,800 | 215,000 | 252,000 | 151,900 | 215,450 | 69,000 | 36,000 | 21,429 | - | |
694 |
74,000 | 155,800 | 215,000 | 252,000 | 151,900 | 215,450 | 69,000 | 36,000 | 21,429 | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 15-05-2026.
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 | 15-05-2026 | 2026-00114314 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00353320 | |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00133809 | |
| 31-12-2022 | micro format | 13-03-2023 | 2023-00040244 | |
| 31-12-2021 | micro format | 21-03-2022 | 2022-08500373 | |
| 31-12-2020 | micro format | 19-03-2021 | 2021-08500206 | |
| 31-12-2019 | micro format | 13-03-2020 | 2020-07000059 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-25200309 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41700052 | |
| 31-12-2016 | full format | 05-10-2017 | 2017-66600451 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 114,928 | 213,340 | 287,719 | 338,751 | 210,761 | 286,069 | 89,003 | 46,318 | 11,633 | - | ||
| 85,238 | 163,708 | 220,075 | 259,357 | 157,340 | 219,053 | 54,043 | 46,078 | -5,601 | - | ||
| 0 | 41,028 | 6,615 | 14,353 | 3,401 | 18,316 | 1,074 | 1 | 24,428 | - | ||
| -12,267 | -122,158 | -11,948 | -29,252 | 143,607 | 19,032 | -24,032 | 28,265 | -13,038 | - | ||
| -14,335 | -12,436 | -1,453 | 86 | 7,082 | 5,044 | 19,829 | 30,645 | 26,006 | 62,511 | ||
| 22.9% | 7.2% | 8.2% | 10.3% | 9.3% | 8.4% | 20.0% | 37.8% | 32.0% | 99.5% | ||
| 0.76 | 0.95 | 0.99 | 1.00 | 1.04 | 1.02 | 1.24 | 1.62 | 1.52 | - | ||
| 3.37 | 12.96 | 11.16 | 8.67 | 9.79 | 10.94 | 4.00 | 1.65 | 2.13 | 0.00 | ||
| 359.3% | 758.7% | - | - | 740.1% | - | 262.2% | 115.1% | -34.3% | 70.2% | ||
| 82.2% | 54.3% | 84.2% | 122.3% | 68.6% | 88.2% | 52.4% | 43.5% | -11.0% | 69.9% | ||
| 32.86 | 97.49 | 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 |
|---|---|---|---|---|
| Tangible fixed assets | - | €41,028 | €6,615 | €14,353 |
| €11,069 | €8,407 | €5,476 | €6,522 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on NVZ
The operating result for 2025 is 49% lower than in 2024 and the lowest since 2019. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 92.8% to 77.1%. Equity is higher and debt is lower.