OBJEKTEN
Dissolved and wound up on 27-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-03-2026 PDF all 16 filings
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
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€11,615
▼ 235%
2025
20182025
Net result
-€11,744
▼ 246%
2025
20182025
Equity
€94,659
▼ 11.0%
2025
20182025
Total assets
€96,045
▼ 10.2%
2025
20182025
Debt
€1,387
▲ 154%
2025
20182025
Working capital
€94,811
▼ 10.9%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,681-€20,479▲ 664%€3,643▼ 82.2%€12,368▲ 240%€5,175▼ 58.2%€4,159▼ 19.6%-€3,464-€11,615▼ 235%
Net result€2,516-€20,463▲ 713%€3,601▼ 82.4%€12,284▲ 241%€4,957▼ 59.6%€4,005▼ 19.2%-€3,395-€11,744▼ 246%
Equity€121,672-€142,135▲ 16.8%€145,736▲ 2.5%€158,019▲ 8.4%€105,793▼ 33.1%€109,797▲ 3.8%€106,403▼ 3.1%€94,659▼ 11.0%
Total assets€121,829-€143,435▲ 17.7%€157,118▲ 9.5%€158,625▲ 1.0%€106,334▼ 33.0%€110,477▲ 3.9%€106,949▼ 3.2%€96,045▼ 10.2%
Debt€157-€1,301▲ 729%€11,382▲ 775%€605▼ 94.7%€541▼ 10.6%€679▲ 25.6%€546▼ 19.6%€1,387▲ 154%
Working capital€121,294-€142,137▲ 17.2%€145,738▲ 2.5%€158,020▲ 8.4%€105,804▼ 33.0%€109,829▲ 3.8%€106,449▼ 3.1%€94,811▼ 10.9%
The operating result for 2025 is a loss of €11,615, larger than the loss of €3,464 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €380 | €380 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €700 | ▲ 80.7% |
| Gross operating margin9900 | €6,868 | €21,206 | €3,991 | €12,716 | €5,523 | €4,544 | -€3,076 | -€10,915 | ▼ 255% |
| Operating profit (loss)9901 | €2,681 | €20,479 | €3,643 | €12,368 | €5,175 | €4,159 | -€3,464 | -€11,615 | ▼ 235% |
| Financial income75/76B | - | - | - | €85 | €0 | €126 | €351 | €380 | ▲ 8.2% |
| Recurring financial income75 | €105 | €105 | €105 | €85 | €0 | €126 | €351 | €380 | ▲ 8.2% |
| Financial charges65/66B | - | - | - | €170 | €218 | €280 | €282 | €509 | ▲ 80.7% |
| Recurring financial charges65 | €204 | €187 | €163 | €170 | €189 | €280 | €282 | €509 | ▲ 80.7% |
| Non-recurring financial charges66B | - | - | - | - | €29 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,582 | €20,463 | €3,601 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Income taxes67/77 | €66 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,516 | €20,463 | €3,601 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Profit (loss) for the period to be appropriated9905 | €2,516 | €20,463 | €3,601 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 10.2% |
| Fixed assets21/28 | €380 | - | - | - | - | - | - | - | - |
| Intangible fixed assets21 | €380 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 10.2% |
| Amounts receivable within one year40/41 | €0.02m | €0.04m | €0.06m | €0.06m | €0.04m | €0.02m | €0.01m | €0.003m | ▼ 71.1% |
| Trade receivables40 | - | - | - | €0.05m | €0.04m | €0.02m | €0.01m | €0.001m | ▼ 85.5% |
| Other amounts receivable41 | - | - | - | €0.003m | - | €38 | €0.001m | €0.002m | ▲ 131% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.1m | €0.06m | €0.09m | €0.1m | €0.09m | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €38 | €87 | €25 | ▼ 71.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 10.2% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 11.0% |
| Contributions10/11 | €1.4m | €1.4m | - | €1.4m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €1.4m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €1.4m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | - | - | - | - | - | €448 | €448 | €448 | = |
| Non-distributable reserves130/1 | - | - | - | - | - | €448 | €448 | €448 | = |
| Legal reserve130 | - | - | - | - | - | €448 | €448 | €448 | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.3m | -€1.2m | -€1.2m | €0.006m | €0.01m | €0.006m | -€0.005m | - |
| Amounts payable17/49 | €157 | €0.001m | €0.01m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 154% |
| Amounts payable within one year42/48 | €155 | €0.001m | €0.01m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 147% |
| Trade debts44 | €105 | €131 | €0.01m | €0.001m | - | - | €0.001m | €0.001m | ▲ 147% |
| Suppliers440/4 | - | - | - | €0.001m | - | - | €0.001m | €0.001m | ▲ 147% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.001m | €0.001m | - | - | - |
| Taxes450/3 | - | - | - | - | €0.001m | €0.001m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €12 | €32 | €46 | €153 | ▲ 229% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,516 | €20,463 | €3,601 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| + Depreciation and write-downs630 | €380 | €380 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €2,896 | €20,843 | €3,601 | €12,284 | €4,957 | €4,005 | -€3,395 | -€11,744 | ▼ 246% |
| Change in cash | - | €6,029 | -€5,096 | -€793 | -€37,001 | €24,349 | €7,636 | -€2,994 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00063290 | |
| 31-12-2024 | abbreviated format | 14-08-2025 | 2025-00376460 | |
| 31-12-2024 | micro format | 12-08-2025 | 2025-00372103 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00378464 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131765 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20213606 | |
| 31-12-2020 | micro format | 09-06-2021 | 2021-18400350 | |
| 31-12-2019 | micro format | 13-08-2020 | 2020-41200133 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51600077 | |
| 31-12-2017 | micro format | 16-07-2018 | 2018-33300107 |