OBJEKTEN
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,744
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
128 d early
2024
12 d late
2023
27 d late
2022
45 d early
2021
9 d early
2020
52 d early
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€94,659▼ 11.0%
2024 · €106,403
Total assets
€96,045▼ 10.2%
2024 · €106,949
Net result
-€11,744▼ 246%
2024 · -€3,395
Working capital
€94,811▼ 10.9%
2024 · €106,449
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,368▲ 240%€5,175▼ 58.2%€4,159▼ 19.6%-€3,464-€11,615▼ 235%
Net result€12,284▲ 241%€4,957▼ 59.6%€4,005▼ 19.2%-€3,395-€11,744▼ 246%
Equity€158,019▲ 8.4%€105,793▼ 33.1%€109,797▲ 3.8%€106,403▼ 3.1%€94,659▼ 11.0%
Total assets€158,625▲ 1.0%€106,334▼ 33.0%€110,477▲ 3.9%€106,949▼ 3.2%€96,045▼ 10.2%
Debt€605▼ 94.7%€541▼ 10.6%€679▲ 25.6%€546▼ 19.6%€1,387▲ 154%
Working capital€158,020▲ 8.4%€105,804▼ 33.0%€109,829▲ 3.8%€106,449▼ 3.1%€94,811▼ 10.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,615 in 2025 against €3,464 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €96,045
Equity
€94,659 ▼ 11.0%
Debt
€1,387 ▲ 154%
Debt's share of the balance-sheet total rises from 0.5% to 1.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
77.84
Debt to equity
0.01▲
2024 · 0.01
ROE
-12.4%▼
2024 · -3.2%
ROA
-12.2%▼
2024 · -3.2%
Debt ≤ 1 year
€1,234▲
2024 · €500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €700 | ▲ 80.7% |
| Gross operating margin9900 | €12,716 | €5,523 | €4,544 | -€3,076 | -€10,915 | ▼ 255% |
| Operating profit (loss)9901 | €12,368 | €5,175 | €4,159 | -€3,464 | -€11,615 | ▼ 235% |
| Financial income75/76B | €85 | €0 | €126 | €351 | €380 | ▲ 8.2% |
| Recurring financial income75 | €85 | €0 | €126 | €351 | €380 | ▲ 8.2% |
| Financial charges65/66B | €170 | €218 | €280 | €282 | €509 | ▲ 80.7% |
| Recurring financial charges65 | €170 | €189 | €280 | €282 | €509 | ▲ 80.7% |
| Non-recurring financial charges66B | - | €29 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Profit (loss) for the period9904 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Profit (loss) for the period to be appropriated9905 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,625 | €106,334 | €110,477 | €106,949 | €96,045 | ▼ 10.2% |
| Current assets29/58 | €158,625 | €106,334 | €110,477 | €106,949 | €96,045 | ▼ 10.2% |
| Amounts receivable within one year40/41 | €57,789 | €42,498 | €22,254 | €11,042 | €3,194 | ▼ 71.1% |
| Trade receivables40 | €54,997 | €42,498 | €22,216 | €10,304 | €1,493 | ▼ 85.5% |
| Other amounts receivable41 | €2,792 | - | €38 | €738 | €1,701 | ▲ 131% |
| Cash at bank and in hand54/58 | €100,836 | €63,835 | €88,184 | €95,820 | €92,826 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | - | €38 | €87 | €25 | ▼ 71.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,625 | €106,334 | €110,477 | €106,949 | €96,045 | ▼ 10.2% |
| Equity10/15 | €158,019 | €105,793 | €109,797 | €106,403 | €94,659 | ▼ 11.0% |
| Contributions10/11 | €1.4m | €99,607 | €99,607 | €99,607 | €99,607 | = |
| Capital10 | €1.4m | €99,607 | €99,607 | €99,607 | €99,607 | = |
| Issued capital100 | €1.4m | €99,607 | €99,607 | €99,607 | €99,607 | = |
| Reserves13 | - | - | €448 | €448 | €448 | = |
| Non-distributable reserves130/1 | - | - | €448 | €448 | €448 | = |
| Legal reserve130 | - | - | €448 | €448 | €448 | = |
| Profit (loss) carried forward14 | -€1.2m | €6,185 | €9,742 | €6,347 | -€5,397 | ▼ 185% |
| Amounts payable17/49 | €605 | €541 | €679 | €546 | €1,387 | ▲ 154% |
| Amounts payable within one year42/48 | €605 | €529 | €648 | €500 | €1,234 | ▲ 147% |
| Trade debts44 | €605 | - | - | €500 | €1,234 | ▲ 147% |
| Suppliers440/4 | €605 | - | - | €500 | €1,234 | ▲ 147% |
| Taxes, remuneration and social security45 | - | €529 | €648 | - | - | - |
| Taxes450/3 | - | €529 | €648 | - | - | - |
| Accrued charges and deferred income492/3 | €0 | €12 | €32 | €46 | €153 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Operating cash flow (approximation) | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Change in cash | - | -€37,001 | €24,349 | €7,636 | -€2,994 | ▼ 139% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€11,744
Net result drops to -€11,744, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 19current ratio 262.19
Current ratio from 13.81 to 262.19; short-term debt falls from €11,380 to €605.
31-12
Financial
Equity above €150,000Eq €158,019 ▲8.4%
4 profitable years in a row build equity to €158,019.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Highest result since 2018net €20,463 ▲713%
Operating result €20,479, net result €20,463, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
3 ownersChain of control
Highest known parent: Société Anonyme de Participation et de Gestion. The sources do not say who stands above it.
Owners 3
- 55.34%
-
0.69%
- Sourceaccounts CSPD 30-09-20250.25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.