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Private limited company (pre-2019)KBO/BCE: BE 0462.960.610
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Financials · financial year 2025, micro format

2025 annual accounts filed late (43 days) Filed on 16 March 2026, deadline 1 February 2026 (7 months after the close on 1 July 2025, Companies Code art. 3:10). Source: NBB, 2026-00054629.

Equity
€202,734▲ 6.7%
2024 · €189,969
Total assets
€246,524▼ 0.9%
2024 · €248,773
Net result
€12,765▲ 60.1%
2024 · €7,972
Working capital
€174,051▲ 6.5%
2024 · €163,491
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 27% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€7,925 2025 Net result€12,765 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€35,646-€53,807▲ 50.9%€27,963▼ 48.0%€31,537▲ 12.8%€17,906▼ 43.2%€6,252▼ 65.1%€7,925▲ 26.8%
Net result€30,303-€43,207▲ 42.6%€25,394▼ 41.2%€27,340▲ 7.7%€16,884▼ 38.2%€7,972▼ 52.8%€12,765▲ 60.1%
Equity€97,590-€140,797▲ 44.3%€166,191▲ 18.0%€193,531▲ 16.5%€200,178▲ 3.4%€189,969▼ 5.1%€202,734▲ 6.7%
Total assets€166,115-€188,167▲ 13.3%€204,724▲ 8.8%€227,414▲ 11.1%€243,173▲ 6.9%€248,773▲ 2.3%€246,524▼ 0.9%
Debt€68,525-€47,370▼ 30.9%€38,533▼ 18.7%€33,883▼ 12.1%€42,995▲ 26.9%€58,803▲ 36.8%€43,790▼ 25.5%
Working capital€85,540-€128,959▲ 50.8%€135,173▲ 4.8%€165,081▲ 22.1%€172,319▲ 4.4%€163,491▼ 5.1%€174,051▲ 6.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €246,524
Fixed assets €33,272 ▼ 8.2%
Current assets €213,252 ▲ 0.3%
Equity and liabilities €246,524
Equity €202,734 ▲ 6.7%
Debt €43,790 ▼ 25.5%
Debt's share of the balance-sheet total falls from 23.6% to 17.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,772▼
2024 · €15,879
Cash flow
€17,613▲
2024 · €17,599
Current ratio
5.44▲
2024 · 4.34
Debt to equity
0.22▼
2024 · 0.31
ROE
6.3%▲
2024 · 4.2%
ROA
5.2%▲
2024 · 3.2%
Interest coverage
8.33▼
2024 · 8.82
Debt ≤ 1 year
€39,202▼
2024 · €49,019
Debt > 1 year
€4,588▼
2024 · €9,784
Income taxes
€6,866▲
2024 · €5,282
Staff costs
€636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€248,773€246,524▼
Fixed assets21/28€36,262€33,272▼
Tangible fixed assets22/27€36,262€33,272▼
Land and buildings22€32,635€31,154▼
Plant, machinery and equipment23€1,289€731▼
Furniture and vehicles24€2,338€1,387▼
Current assets29/58€212,511€213,252▲
Amounts receivable within one year40/41€181,810€176,084▼
Trade receivables40€18,453€19,758▲
Other amounts receivable41€163,357€156,326▼
Cash at bank and in hand54/58€30,412€35,260▲
Deferred charges and accrued income490/1€289€1,909▲
Equity and liabilities
Total equity and liabilities10/49€248,773€246,524▼
Equity10/15€189,969€202,734▲
Contributions10/11€6,200€6,200=
Reserves13€152,775€165,540▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€11,652€11,652=
Distributable reserves133€139,263€152,028▲
Profit (loss) carried forward14€30,994€30,994=
Amounts payable17/49€58,803€43,790▼
Amounts payable after more than one year17€9,784€4,588▼
Financial debts170/4€9,784€4,588▼
Amounts payable within one year42/48€49,019€39,202▼
Current portion of amounts payable after more than one year42€15,639€13,234▼
Trade debts44€5,124€17,077▲
Suppliers440/4€5,124€17,077▲
Taxes, remuneration and social security45€7,528€6,343▼
Taxes450/3€5,533€3,593▼
Remuneration and social security454/9€1,995€2,750▲
Other amounts payable47/48€20,729€2,547▼
Income statement Code20242025
Remuneration, social security and pensions62-€636
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,627€4,847▼
Other operating charges640/8€561€862▲
Gross operating margin9900€16,440€14,270▼
Operating profit (loss)9901€6,252€7,925▲
Financial income75/76B€8,803€13,239▲
Recurring financial income75€8,803€8,689▼
Non-recurring financial income76B-€4,550
Financial charges65/66B€1,801€1,532▼
Recurring financial charges65€1,801€1,532▼
Profit (loss) for the period before taxes9903€13,254€19,631▲
Income taxes67/77€5,282€6,866▲
Profit (loss) for the period9904€7,972€12,765▲
Profit (loss) for the period to be appropriated9905€7,972€12,765▲
Appropriation of the result
Profit (loss) to be appropriated9906€38,967€43,759▲
Profit (loss) brought forward from the previous period14P€30,994€30,994=
Transfer from equity791/2€18,182€0▼
Transfer to equity691/2€7,972€12,765▲
To other reserves6921€7,972€12,765▲
Profit to be distributed694/7€18,182€0▼
Return on contributions (dividend)694€18,182€0▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62----€458-€636-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,215€10,035€10,507€7,844€8,612€9,627€4,847▼ 49.6%
Other operating charges640/8---€890€659€561€862▲ 53.5%
Gross operating margin9900€47,152€65,096€39,123€40,271€27,636€16,440€14,270▼ 13.2%
Operating profit (loss)9901€35,646€53,807€27,963€31,537€17,906€6,252€7,925▲ 26.8%
Financial income75/76B---€9,323€9,843€8,803€13,239▲ 50.4%
Recurring financial income75€8,124€10,487€11,392€9,323€9,843€8,803€8,689▼ 1.3%
Non-recurring financial income76B------€4,550-
Financial charges65/66B---€462€1,771€1,801€1,532▼ 14.9%
Recurring financial charges65€1,892€2,505€669€462€1,771€1,801€1,532▼ 14.9%
Profit (loss) for the period before taxes9903€41,878€61,790€38,686€40,398€25,978€13,254€19,631▲ 48.1%
Income taxes67/77€11,575€18,583€13,292€13,058€9,094€5,282€6,866▲ 30.0%
Profit (loss) for the period9904€30,303€43,207€25,394€27,340€16,884€7,972€12,765▲ 60.1%
Profit (loss) for the period to be appropriated9905€30,303€43,207€25,394€27,340€16,884€7,972€12,765▲ 60.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€166,115€188,167€204,724€227,414€243,173€248,773€246,524▼ 0.9%
Fixed assets21/28€28,944€20,324€31,018€28,450€27,860€36,262€33,272▼ 8.2%
Tangible fixed assets22/27€28,944€20,324€31,018€28,450€27,860€36,262€33,272▼ 8.2%
Land and buildings22---€11,971€17,114€32,635€31,154▼ 4.5%
Plant, machinery and equipment23---€3,452€2,248€1,289€731▼ 43.3%
Furniture and vehicles24---€13,028€8,498€2,338€1,387▼ 40.7%
Current assets29/58€137,172€167,843€173,706€198,964€215,314€212,511€213,252▲ 0.3%
Amounts receivable within one year40/41€125,049€154,770€158,595€178,253€179,182€181,810€176,084▼ 3.1%
Trade receivables40---€31,059€19,271€18,453€19,758▲ 7.1%
Other amounts receivable41---€147,194€159,911€163,357€156,326▼ 4.3%
Cash at bank and in hand54/58€11,432€12,811€14,887€19,695€35,186€30,412€35,260▲ 15.9%
Deferred charges and accrued income490/1---€1,015€945€289€1,909▲ 560%
Equity and liabilities
Total equity and liabilities10/49€166,115€188,167€204,724€227,414€243,173€248,773€246,524▼ 0.9%
Equity10/15€97,590€140,797€166,191€193,531€200,178€189,969€202,734▲ 6.7%
Contributions10/11€6,200--€6,200€6,200€6,200€6,200=
Reserves13€63,603€103,603€128,997€156,337€162,984€152,775€165,540▲ 8.4%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Tax-exempt reserves132---€11,652€11,652€11,652€11,652=
Distributable reserves133---€142,825€149,472€139,263€152,028▲ 9.2%
Profit (loss) carried forward14€27,787€30,994€30,994€30,994€30,994€30,994€30,994=
Amounts payable17/49€68,525€47,370€38,533€33,883€42,995€58,803€43,790▼ 25.5%
Amounts payable after more than one year17€16,893€8,487---€9,784€4,588▼ 53.1%
Financial debts170/4-----€9,784€4,588▼ 53.1%
Amounts payable within one year42/48€51,632€38,883€38,533€33,883€42,995€49,019€39,202▼ 20.0%
Current portion of amounts payable after more than one year42---€12,833€18,099€15,639€13,234▼ 15.4%
Trade debts44€11,957€2,914€6,675€7,516€4,490€5,124€17,077▲ 233%
Suppliers440/4---€7,516€4,490€5,124€17,077▲ 233%
Advances received on contracts in progress46----€340---
Taxes, remuneration and social security45---€10,986€7,281€7,528€6,343▼ 15.7%
Taxes450/3---€10,986€6,691€5,533€3,593▼ 35.0%
Remuneration and social security454/9----€590€1,995€2,750▲ 37.8%
Other amounts payable47/48---€2,547€12,784€20,729€2,547▼ 87.7%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€30,303€43,207€25,394€27,340€16,884€7,972€12,765▲ 60.1%
+ Depreciation and write-downs630€10,215€10,035€10,507€7,844€8,612€9,627€4,847▼ 49.6%
Operating cash flow (approximation)€40,518€53,241€35,901€35,184€25,497€17,599€17,613▲ 0.1%
Investment in fixed assets (approximation)--€1,415-€21,201-€5,276-€8,022-€18,029-€1,857▲ 89.7%
Change in cash-€1,379€2,076€4,808€15,491-€4,774€4,848-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 27 filings with the National Bank
Financial year Type Filed Reference
01-07-2025 micro format 16-03-2026 2026-00054629
01-07-2024 micro format 28-02-2025 2025-00041063
01-07-2023 micro format 29-02-2024 2024-00037350
01-07-2022 micro format 28-02-2023 2023-00034789
01-07-2021 micro format 25-02-2022 2022-06800340
01-07-2020 micro format 05-03-2021 2021-07100251
01-07-2019 micro format 28-01-2020 2020-02700342
01-07-2018 abbreviated format 05-02-2019 2019-04600100
01-07-2017 abbreviated format 12-01-2018 2018-01000085
01-07-2016 abbreviated format 22-03-2017 2017-06900513

Show all 27 filings

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