OBJECTIVE7
Annual accounts 2025
abbreviated format, filed on 19-06-2026, 42 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €1.9m on 31-12-2025in euro
in euro
Position in the sector
-9.3%
Higher than 12% of 3,406 companies in 2025.
0.50
Higher than 10% of 3,267 companies in 2025.
-11.6%
Higher than 14% of 3,315 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter
Staff
€88,451
Staff costs divided by the average number of full-time equivalents.
-2 people
In 2025, 7 people joined and 9 left.
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 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
1.9m | 2.2m | 1.9m | 1.4m | 798,458 | 972,660 | 561,830 | 469,245 | 376,100 | 243,973 | 225,909 | 152,053 | 103,180 | |
21/28 |
1.4m | 1.6m | 1.4m | 775,710 | 216,473 | 183,068 | 276,923 | 256,933 | 193,103 | 91,705 | 111,264 | 96,791 | 59,444 | |
21 |
1.4m | 1.6m | 1.3m | 768,444 | 209,892 | 176,319 | 267,461 | 248,764 | 182,761 | 86,544 | 100,332 | 82,814 | 41,755 | |
22/27 |
4,280 | 7,581 | 7,914 | 6,964 | 6,279 | 6,447 | 9,160 | 7,867 | 10,040 | 4,859 | 10,631 | 13,675 | 16,826 | |
23 |
4,280 | 7,581 | 7,914 | 6,964 | 6,279 | 6,447 | 8,956 | 7,459 | 10,040 | 4,429 | 5,418 | 4,774 | 4,239 | |
24 |
- | - | - | - | - | - | 204 | 408 | - | 430 | 5,213 | 8,900 | 12,588 | |
28 |
1,200 | 0 | 302 | 302 | 302 | 302 | 302 | 302 | 302 | 302 | 302 | 302 | 862 | |
29/58 |
530,948 | 621,134 | 547,862 | 621,657 | 581,986 | 789,591 | 284,907 | 212,312 | 182,996 | 152,268 | 114,645 | 55,262 | 43,736 | |
29 |
43,404 | 28,486 | - | - | - | - | - | - | - | - | - | - | - | |
291 |
43,404 | 28,486 | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
361,321 | 448,702 | 357,802 | 413,267 | 326,768 | 548,971 | 205,662 | 156,972 | 104,252 | 97,778 | 52,623 | 39,446 | 29,339 | |
40 |
313,376 | 397,333 | 296,699 | 353,078 | 288,084 | 539,310 | 193,494 | 156,732 | 104,013 | 97,539 | 49,376 | 39,207 | 26,475 | |
41 |
47,945 | 51,369 | 61,103 | 60,189 | 38,684 | 9,661 | 12,169 | 239 | 239 | 239 | 3,247 | 239 | 2,864 | |
54/58 |
74,683 | 94,107 | 131,132 | 206,890 | 253,717 | 239,121 | 77,744 | 40,748 | 35,845 | 44,960 | 34,725 | 10,030 | 14,397 | |
490/1 |
51,540 | 49,839 | 58,928 | 1,500 | 1,500 | 1,500 | 1,500 | 14,593 | 42,899 | 9,530 | 27,296 | 5,786 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
1.9m | 2.2m | 1.9m | 1.4m | 798,458 | 972,660 | 561,830 | 469,245 | 376,100 | 243,973 | 225,909 | 152,053 | 103,180 | |
10/15 |
-178,873 | 43,847 | 3,611 | 288,687 | 281,494 | 272,622 | 172,907 | 109,295 | 116,176 | 46,195 | 116,780 | 112,101 | 82,483 | |
10/11 |
220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | - | 220,000 | 220,000 | 220,000 | 220,000 | 169,000 | 113,800 | |
100 |
- | - | - | - | - | - | - | 220,000 | 220,000 | 220,000 | 220,000 | 169,000 | 169,000 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | 55,200 | |
11 |
- | - | - | - | - | - | 220,000 | - | - | - | - | 51,000 | 51,000 | |
1100/10 |
- | - | - | - | - | - | 220,000 | - | - | - | - | 51,000 | 51,000 | |
14 |
-398,873 | -176,153 | -216,389 | 68,687 | 61,494 | 52,622 | -47,093 | -110,705 | -103,824 | -173,805 | -103,220 | -107,899 | -82,317 | |
17/49 |
2.1m | 2.2m | 1.9m | 1.1m | 516,964 | 700,038 | 388,923 | 359,950 | 259,924 | 197,778 | 109,129 | 39,952 | 20,697 | |
17 |
1.0m | 1.1m | 762,128 | 323,326 | - | - | - | - | - | - | - | - | - | |
170/4 |
1.0m | 1.1m | 762,128 | 323,326 | - | - | - | - | - | - | - | - | - | |
42/48 |
1.1m | 1.0m | 1.1m | 747,833 | 516,964 | 332,413 | 387,191 | 359,950 | 259,924 | 197,778 | 100,006 | 30,026 | 18,547 | |
42 |
187,034 | 132,488 | 94,573 | 50,000 | 100,000 | 100,000 | 180,000 | 200,000 | 145,000 | 40,000 | 40,000 | - | - | |
43 |
367,826 | 367,959 | 230,000 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
367,826 | 367,959 | 230,000 | - | - | - | - | - | - | - | - | - | - | |
44 |
347,832 | 344,332 | 565,473 | 591,405 | 328,926 | 151,627 | 152,731 | 123,368 | 55,338 | 72,203 | 48,614 | 24,889 | 15,148 | |
440/4 |
347,832 | 344,332 | 565,473 | 591,405 | 328,926 | 151,627 | 152,731 | 123,368 | 55,338 | 72,203 | 48,614 | 24,889 | 15,148 | |
45 |
139,424 | 167,149 | 232,163 | 93,774 | 75,861 | 68,446 | 41,996 | 30,479 | 53,432 | 45,981 | 10,999 | 1,905 | 274 | |
450/3 |
31,762 | 34,861 | 50,047 | 1,214 | 5,051 | 8,905 | 3,590 | - | 3,919 | 7,633 | 599 | 1,904 | 274 | |
454/9 |
107,662 | 132,288 | 182,116 | 92,560 | 70,810 | 59,541 | 38,406 | 30,479 | 49,513 | 38,348 | 10,400 | 1 | - | |
47/48 |
29,307 | 14,512 | 13,662 | 12,653 | 12,177 | 12,341 | 12,464 | 6,103 | 6,153 | 39,594 | 393 | 3,232 | 3,125 | |
492/3 |
1,726 | 5,621 | 3,175 | 37,521 | - | 367,624 | 1,732 | - | - | - | 9,123 | 9,926 | 2,150 | |
| Income statement | ||||||||||||||
70 |
- | - | - | 2.8m | 2.0m | 1.3m | - | - | - | - | - | - | - | |
76A |
- | - | - | - | - | - | - | - | - | 257 | - | - | - | |
9900 |
1.7m | 2.0m | 1.6m | 1.2m | 894,400 | 760,314 | 513,696 | 412,712 | 283,793 | 180,959 | 130,736 | 46,138 | -40,629 | |
60/61 |
- | - | - | 1.6m | 1.2m | 579,943 | - | - | - | - | - | - | - | |
62 |
1.2m | 1.4m | 1.5m | 1.0m | 748,903 | 528,925 | 282,716 | 278,467 | 206,276 | 194,668 | 73,280 | 33,209 | 10,712 | |
630 |
678,343 | 527,362 | 322,011 | 151,510 | 135,372 | 132,418 | 158,631 | 123,902 | 71,509 | 53,711 | 49,176 | 35,806 | 28,360 | |
640/8 |
1,118 | 1,670 | 724 | 1,461 | 449 | 448 | 484 | 444 | 442 | 339 | 1,118 | 493 | 1,297 | |
66A |
- | - | - | - | - | - | - | - | - | 161 | - | - | - | |
9901 |
-173,097 | 68,731 | -233,850 | 56,559 | 9,676 | 98,523 | 71,865 | 9,899 | 5,566 | -67,920 | 7,161 | -23,371 | -80,998 | |
75/76B |
47,821 | 48,254 | 39,411 | 16,763 | 6,190 | 4,161 | 878 | 105 | 3 | 25 | 22 | 22 | 121 | |
75 |
47,821 | 48,254 | 39,411 | 16,763 | 6,190 | 4,161 | 878 | 105 | 3 | 25 | 22 | 22 | 121 | |
65/66B |
112,361 | 105,234 | 89,300 | 66,130 | 6,994 | 2,969 | 9,132 | 16,884 | 4,035 | 2,690 | 2,499 | 2,056 | 1,233 | |
65 |
112,361 | 105,234 | 89,300 | 66,130 | 6,994 | 2,969 | 9,132 | 16,884 | 4,035 | 2,690 | 2,499 | 2,056 | 1,233 | |
9903 |
-237,638 | 11,751 | -283,738 | 7,192 | 8,872 | 99,716 | 63,611 | -6,880 | 1,535 | -70,585 | 4,684 | -25,405 | -82,110 | |
67/77 |
-14,918 | -28,484 | 1,337 | - | - | - | - | - | - | - | 5 | 177 | 207 | |
9904 |
-222,720 | 40,235 | -285,075 | 7,192 | 8,872 | 99,716 | 63,611 | -6,880 | 1,535 | -70,585 | 4,679 | -25,582 | -82,317 | |
9905 |
-222,720 | 40,235 | -285,075 | 7,192 | 8,872 | 99,716 | 63,611 | -6,880 | 1,535 | -70,585 | 4,679 | -25,582 | -82,317 | |
| Appropriation of the result | ||||||||||||||
9906 |
-398,873 | -176,153 | -216,389 | 68,687 | 61,494 | 52,622 | -47,093 | -110,705 | -103,824 | -173,805 | -103,220 | -107,899 | -82,317 | |
14P |
-176,153 | -216,389 | 68,687 | 61,494 | 52,622 | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
13.4 | 16.2 | 18 | 15.9 | 11.9 | 9.2 | 6.3 | 7.1 | 6.3 | 4.9 | 2 | 1.3 | 0.4 | |
Hours worked1013 |
20,695 | 26,401 | 27,454 | 25,890 | 20,780 | 15,918 | 10,924 | 12,028 | 10,533 | 8,659 | 3,473 | 2,257 | 944 | |
| Document | ||||||||||||||
The notes to these accounts have 24 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 19-06-2026.
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 | abbreviated format | 19-06-2026 | 2026-00176454 | |
| 31-12-2024 | abbreviated format | 02-07-2025 | 2025-00216850 | |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00174622 | |
| 31-12-2022 | abbreviated format | 15-06-2023 | 2023-00130811 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20344984 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-25900512 | |
| 31-12-2019 | abbreviated format | 19-06-2020 | 2020-18100122 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-55200538 | |
| 31-12-2017 | abbreviated format | 26-09-2018 | 2018-64400483 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-52500052 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-24100293 | |
| 31-12-2014 | abbreviated format | 24-06-2015 | 2015-22000119 | |
| 31-12-2013 | abbreviated format | 30-07-2014 | 2014-38500038 |
Subsidies and aid
Flemish government 2022 to 2025, 5 entries, €54,952 awarded, €29,762 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €32,500 | €7,872 |
| 2024 | 1 | €7,452 | €6,889 |
| 2023 | 1 | €7,500 | €7,688 |
| 2022 | 1 | €7,500 | €7,313 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 505,246 | 596,094 | 88,162 | 208,069 | 145,048 | 230,942 | 230,496 | 133,801 | 77,075 | -14,209 | 56,337 | 12,435 | -52,638 | ||
| 455,623 | 567,598 | 36,936 | 158,702 | 144,244 | 232,134 | 222,243 | 117,022 | 73,044 | -16,874 | 53,855 | 10,224 | -53,958 | ||
| 481,645 | 763,403 | 903,225 | 710,747 | 168,777 | 38,564 | 183,296 | 187,732 | 112,525 | 37,895 | 63,650 | 73,713 | 87,803 | ||
| -19,424 | -37,025 | -75,758 | -46,828 | 14,597 | 161,376 | 36,996 | 4,903 | -9,115 | 10,235 | 24,695 | -4,367 | - | ||
| -540,474 | -405,306 | -588,010 | -126,176 | 65,021 | 457,178 | -102,285 | -147,638 | -76,928 | -45,510 | 14,638 | 25,236 | 25,189 | ||
| - | - | - | 2.1% | 0.5% | 7.7% | - | - | - | - | - | - | - | ||
| -9.3% | 2.0% | 0.2% | 20.7% | 35.3% | 28.0% | 30.8% | 23.3% | 30.9% | 18.9% | 51.7% | 73.7% | 79.9% | ||
| 0.50 | 0.61 | 0.48 | 0.83 | 1.13 | 2.38 | 0.74 | 0.59 | 0.70 | 0.77 | 1.15 | 1.84 | 2.36 | ||
| - | 49.49 | - | 3.84 | 1.84 | 2.57 | 2.25 | 3.29 | 2.24 | 4.28 | 0.93 | 0.36 | 0.25 | ||
| - | 91.8% | - | 2.5% | 3.2% | 36.6% | 36.8% | -6.3% | 1.3% | -152.8% | 4.0% | -22.8% | -99.8% | ||
| -11.6% | 1.8% | -15.0% | 0.5% | 1.1% | 10.3% | 11.3% | -1.5% | 0.4% | -28.9% | 2.1% | -16.8% | -79.8% | ||
| 4.50 | 5.66 | 0.99 | 3.15 | 20.74 | - | - | - | - | - | - | - | - | ||
| - | - | - | 47 days | 52 days | 155 days | - | - | - | - | - | - | - | ||
| - | - | - | 135 days | 104 days | 95 days | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 14 | 14 | 17 | 16 | 15 |
| full-time | 12 | 14 | 16 | 16 | 14 |
| part-time | 2 | 0 | 1 | - | 1 |
| in full-time equivalents | 12.2 | 14 | 16.8 | 16 | 14.8 |
| 13.4 | 16.2 | 18 | 15.9 | 11.9 | |
| On a permanent contract | 12 | 14 | 17 | 16 | 15 |
| Joined | 7 | 2 | 5 | 6 | 9 |
| Left | 9 | 5 | 4 | 5 | 4 |
| Training hours | - | - | 769 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €856,701 | €800,316 | €756,930 | - | - |
| €450,000 | €450,000 | €450,000 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,779 | €4,766 | €4,997 | €3,411 | €5,125 |
| Intangible fixed assets | €478,666 | €758,637 | €898,228 | €707,335 | €163,652 |
| Financial fixed assets | €1,200 | - | - | - | - |
| €678,343 | €527,362 | €322,011 | €151,510 | €135,372 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on OBJECTIVE7
The operating result for 2025 is a loss of €173,097, after a profit of €68,731 in 2024.
Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€1.9m).