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OPTION

Active
Public limited companyfounded 1986active for 40 yearsGeldenaaksebaan 329, 3001 Leuven, Belgium11 active companies are registered at this addressKBO/BCE: BE 0429.375.448

From the official registers: KBO 67 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of OPTION is 1.6% (moderate). The annual accounts of OPTION for financial year 2025 show a net loss of 201% of the equity at the start of that year. The 2025 annual accounts show equity of €1.4m and a net result of -€4.6m. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 20% of 892 sector peers (NACE 71, financial year 2025). The company has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, full format, standalone accounts

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
31-12-2025
Filed on
16-06-2026
Format
full format
Reference
2026-00164160
Turnover
€3.7m▼ 18.1%
2024 · €4.5m
EBIT margin
-34.9%▼ 12.7pp
2024 · -22.3%
Net result
-€4.6m▲ 33.7%
2024 · -€7.0m
Working capital
-€4.4m▼ 46.1%
2024 · -€3.0m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €1.3m in 2025 against €1.0m in 2024; the loss grows.

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

Turnover€3.7m 2025 Operating result-€1.3m 2025 Net result-€4.6m 2025

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

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€3.4m-€5.2m▲ 53.7%€4.6m▼ 12.5%€5.4m▲ 18.3%€7.0m▲ 29.1%€3.7m▼ 46.5%€4.5m▲ 20.1%€3.7m▼ 18.1%
Operating result-€2.1m--€0.9m▲ 54.9%-€1.4m▼ 51.3%-€1.6m▼ 12.9%-€0.9m▲ 45.0%-€2.0m▼ 126%-€1.0m▲ 50.0%-€1.3m▼ 28.6%
Net result-€2.0m--€1.2m▲ 38.8%-€2.6mbelow the sector's middle half▼ 108%-€2.5mbelow the sector's middle half▲ 1.4%-€1.6mbelow the sector's middle half▲ 35.9%-€2.8mbelow the sector's middle half▼ 71.1%-€7.0mbelow the sector's middle half▼ 152%-€4.6mbelow the sector's middle half▲ 33.7%
EBIT margin-61.5%--18.1%▲ 43.5pp-31.2%▼ 13.1pp-29.8%▲ 1.4pp-12.7%▲ 17.1pp-53.5%▼ 40.8pp-22.3%▲ 31.3pp-34.9%▼ 12.7pp
Equity€4.5m-€9.4m▲ 111%€7.0mabove the sector's middle half▼ 25.6%€6.9mabove the sector's middle half▼ 1.1%€12.3mabove the sector's middle half▲ 77.2%€9.5mabove the sector's middle half▼ 22.8%€2.3mabove the sector's middle half▼ 75.7%€1.4mwithin the sector's middle half▼ 40.0%
Total assets€12.4m-€17.9m▲ 44.3%€17.5mabove the sector's middle half▼ 2.2%€17.3mabove the sector's middle half▼ 1.4%€23.7mabove the sector's middle half▲ 37.6%€23.3mabove the sector's middle half▼ 1.9%€14.3mabove the sector's middle half▼ 38.4%€9.3mabove the sector's middle half▼ 34.9%
Debt€7.7m-€8.3m▲ 8.1%€10.4m▲ 24.7%€10.3m▼ 1.0%€11.4m▲ 11.0%€13.6m▲ 19.5%€11.8m▼ 13.1%€7.7m▼ 34.7%
Working capital-€5.1m--€1.6m▲ 69.4%-€3.3mbelow the sector's middle half▼ 110%-€2.2mbelow the sector's middle half▲ 34.1%€1.0mabove the sector's middle half€0.1mwithin the sector's middle half▼ 89.7%-€3.0mbelow the sector's middle half-€4.4mbelow the sector's middle half▼ 46.1%
Solvency36.0%-52.7%▲ 16.6pp40.1%within the sector's middle half▼ 12.6pp40.2%within the sector's middle half▲ 0.1pp51.8%within the sector's middle half▲ 11.6pp40.8%within the sector's middle half▼ 11.0pp16.1%below the sector's middle half▼ 24.7pp14.8%below the sector's middle half▼ 1.3pp
Current ratio0.29-0.79▲ 0.500.61below the sector's middle half▼ 0.190.72below the sector's middle half▲ 0.121.14within the sector's middle half▲ 0.421.01below the sector's middle half▼ 0.130.63below the sector's middle half▼ 0.380.25below the sector's middle half▼ 0.38
Return on assets (ROA)-16.3%--6.9%▲ 9.4pp-14.6%below the sector's middle half▼ 7.7pp-14.6%below the sector's middle half=-6.8%below the sector's middle half▲ 7.8pp-11.9%below the sector's middle half▼ 5.1pp-48.7%below the sector's middle half▼ 36.9pp-49.7%below the sector's middle half▼ 0.9pp
Staff (FTE)25.5-24.3▼ 4.7%20.7within the sector's middle half▼ 14.8%20.1within the sector's middle half▼ 2.9%20within the sector's middle half▼ 0.5%18within the sector's middle half▼ 10.0%16.6within the sector's middle half▼ 7.8%16within the sector's middle half▼ 3.6%
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.3m
Fixed assets €7.9m ▼ 14.4%
Current assets €1.5m ▼ 71.7%
Equity and liabilities €9.3m
Equity €1.4m ▼ 40.0%
Provisions €217,348 ▲ 5.1%
Debt €7.7m ▼ 34.7%
Debt's share of the balance-sheet total rises from 82.5% to 82.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1.0m▼
2024 · -€676,767
Cash flow
-€4.3m▲
2024 · -€6.7m
Quick ratio
0.20▼
2024 · 0.59
Debt to equity
5.59▲
2024 · 5.13
ROE
-334.9%▼
2024 · -303.2%
Interest coverage
-1.87▼
2024 · -1.11
Debt ≤ 1 year
€5.9m▼
2024 · €8.2m
Debt > 1 year
€1.6m▼
2024 · €3.5m
Income taxes
€101▼
2024 · €2,974
Staff costs
€1.7m▼
2024 · €1.7m
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 · 97 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 16-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€14.3m€9.3m▼
Fixed assets21/28€9.2m€7.9m▼
Intangible fixed assets21€0.6m€0.6m▼
Tangible fixed assets22/27€0.06m€0.04m▼
Plant, machinery and equipment23€0.006m€0.004m▼
Other tangible fixed assets26€0.05m€0.04m▼
Financial fixed assets28€8.5m€7.2m▼
Affiliated companies280/1€8.5m€6.5m▼
Participating interests280€8.5m€6.5m▼
Companies linked by participating interests282/3€1€0.6m▲
Participating interests282€1€0.6m▲
Other financial fixed assets284/8€0.04m€0.05m▲
Amounts receivable and cash guarantees285/8€0.04m€0.05m▲
Current assets29/58€5.1m€1.5m▼
Stocks and contracts in progress3€0.3m€0.3m▼
Stocks30/36€0.3m€0.3m▼
Raw materials and consumables30/31€0.2m€0.2m▲
Work in progress32€0.1m€0.06m▼
Finished goods33€0.02m€0.01m▼
Amounts receivable within one year40/41€4.7m€1.1m▼
Trade receivables40€2.7m€0.9m▼
Other amounts receivable41€2.0m€0.1m▼
Cash at bank and in hand54/58€0.01m€0.02m▲
Deferred charges and accrued income490/1€0.05m€0.08m▲
Equity and liabilities
Total equity and liabilities10/49€14.3m€9.3m▼
Equity10/15€2.3m€1.4m▼
Contributions10/11€19.2m€5.3m▼
Capital10€14.1m€2.0m▼
Issued capital100€14.1m€2.0m▼
Contributions outside capital11€5.1m€3.4m▼
Share premium1100/10€5.1m€3.4m▼
Reserves13€0.6m€0.6m=
Non-distributable reserves130/1€0.6m€0.6m=
Legal reserve130€0.6m€0.6m=
Profit (loss) carried forward14-€17.7m-€4.6m▲
Investment grants15€0.2m€0.09m▼
Provisions and deferred taxes16€0.2m€0.2m▲
Provisions for liabilities and charges160/5€0.2m€0.2m▲
Pensions and similar obligations160€0.2m€0.2m▲
Other liabilities and charges164/5€0.03m€0.03m▲
Amounts payable17/49€11.8m€7.7m▼
Amounts payable after more than one year17€3.5m€1.6m▼
Financial debts170/4€2.8m€1.1m▼
Other loans174€2.8m€1.1m▼
Trade debts175€0.7m€0.5m▼
Suppliers1750€0.7m€0.5m▼
Other amounts payable178/9€0.03m-
Amounts payable within one year42/48€8.2m€5.9m▼
Current portion of amounts payable after more than one year42€0.4m€0.8m▲
Financial debts43€1.5m€0.3m▼
Credit institutions430/8€1.5m-
Other loans439-€0.3m
Trade debts44€3.0m€1.8m▼
Suppliers440/4€3.0m€1.8m▼
Advances received on contracts in progress46€0.02m€0.002m▼
Taxes, remuneration and social security45€0.7m€0.7m▼
Taxes450/3€0.3m€0.1m▼
Remuneration and social security454/9€0.4m€0.5m▲
Other amounts payable47/48€2.5m€2.4m▼
Accrued charges and deferred income492/3€0.1m€0.3m▲
Income statement Code20242025
Operating income70/76A€5.2m€4.1m▼
Turnover70€4.5m€3.7m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€0.09m-€0.1m▼
Own construction capitalised72€0.1m€0.3m▲
Other operating income74€0.7m€0.3m▼
Operating charges60/66A€6.2m€5.4m▼
Goods for resale, raw materials and consumables60€2.0m€1.3m▼
Purchases600/8€2.0m€1.1m▼
Change in stocks: decrease (increase)609-€0.04m€0.2m▲
Services and other goods61€2.2m€2.3m▲
Remuneration, social security and pensions62€1.7m€1.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.09m-€0.2m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.03m€0.01m▼
Other operating charges640/8€0.01m€0.007m▼
Operating profit (loss)9901-€1.0m-€1.3m▼
Financial income75/76B€0.2m€1.5m▲
Recurring financial income75€0.2m€0.1m▼
Income from current assets751€0.09m€104▼
Other financial income752/9€0.09m€0.1m▲
Non-recurring financial income76B€0.02m€1.4m▲
Financial charges65/66B€6.2m€4.8m▼
Recurring financial charges65€0.6m€0.6m▼
Debt charges650€0.6m€0.5m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0.002m
Other financial charges652/9€0.02m€0.02m▲
Non-recurring financial charges66B€5.5m€4.3m▼
Profit (loss) for the period before taxes9903-€7.0m-€4.6m▲
Income taxes67/77€0.003m€101▼
Taxes670/3€0.003m€101▼
Profit (loss) for the period9904-€7.0m-€4.6m▲
Profit (loss) for the period to be appropriated9905-€7.0m-€4.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17.7m-€22.3m▼
Profit (loss) brought forward from the previous period14P-€10.7m-€17.7m▼
Transfer from equity791/2-€17.7m
Withdrawal from contributions791-€17.7m
Social balance sheet
Average headcount (FTE)908716.616.0▼

The notes to these accounts (84 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Operating income70/76A€1.9m€7.3m-€6.5m€8.0m€4.4m€5.2m€4.1m▼ 21.3%
Turnover70€3.4m€5.2m€4.6m€5.4m€7.0m€3.7m€4.5m€3.7m▼ 18.1%
Change in stocks of work in progress, finished goods and contracts in progress71-€1.8m€0.2m--€0.2m€0.1m-€0.1m-€0.09m-€0.1m▼ 5.4%
Own construction capitalised72-€0.5m-€0.8m€0.4m€0.2m€0.1m€0.3m▲ 94.5%
Other operating income74€0.3m€0.3m-€0.2m€0.4m€0.5m€0.7m€0.3m▼ 61.7%
Non-recurring operating income76A-€1.1m-€0.2m€0.001m----
Operating charges60/66A€4.0m€8.3m-€8.1m€8.8m€6.4m€6.2m€5.4m▼ 13.2%
Goods for resale, raw materials and consumables60€1.3m€2.6m-€2.1m€3.5m€1.2m€2.0m€1.3m▼ 35.8%
Purchases600/8€1.3m€2.7m-€2.1m€3.6m€1.3m€2.0m€1.1m▼ 44.9%
Change in stocks: decrease (increase)609€0.08m-€0.03m-€0.01m-€0.1m-€0.1m-€0.04m€0.2m-
Services and other goods61€2.2m€3.5m-€3.1m€2.9m€2.2m€2.2m€2.3m▲ 1.7%
Remuneration, social security and pensions62€2.2m€2.1m-€1.7m€1.9m€1.9m€1.7m€1.7m▼ 1.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.04m€0.05m€0.3m€0.4m€0.6m€0.3m€0.3m▼ 11.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.8m€0.08m--€0.5m€0.02m€0.3m-€0.09m-€0.2m▼ 71.1%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.08m-€0.08m--€0.07m€0.01m€0.1m€0.03m€0.01m▼ 60.0%
Other operating charges640/8€0.008m€0.007m-€0.5m€0.005m€0.07m€0.01m€0.007m▼ 34.7%
Non-recurring operating charges66A-€0.07m-€0.9m€0.1m----
Operating profit (loss)9901-€2.1m-€0.9m-€1.4m-€1.6m-€0.9m-€2.0m-€1.0m-€1.3m▼ 28.6%
Financial income75/76B€0.2m€0.03m-€0.2m€0.2m€0.4m€0.2m€1.5m▲ 691%
Recurring financial income75€0.02m€0.03m€0.4m€0.2m€0.2m€0.4m€0.2m€0.1m▼ 23.6%
Income from current assets751€0.002m€0.01m-€0.2m€0.1m€0.3m€0.09m€104▼ 99.9%
Other financial income752/9€0.01m€0.01m-€0.06m€0.06m€0.1m€0.09m€0.1m▲ 52.0%
Non-recurring financial income76B€0.2m-----€0.02m€1.4m▲ 70×
Financial charges65/66B€0.1m€0.3m-€1.1m€0.9m€1.2m€6.2m€4.8m▼ 21.5%
Recurring financial charges65€0.1m€0.3m€0.2m€0.7m€0.8m€0.8m€0.6m€0.6m▼ 10.6%
Debt charges650€0.1m€0.2m€0.2m€0.2m€0.4m€0.5m€0.6m€0.5m▼ 11.9%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651---€0.2m€0.4m€0.2m-€0.002m-
Other financial charges652/9€0.03m€0.05m-€0.3m€0.03m€0.04m€0.02m€0.02m▲ 17.4%
Non-recurring financial charges66B-€0.05m-€0.4m€0.2m€0.4m€5.5m€4.3m▼ 22.7%
Profit (loss) for the period before taxes9903-€2.0m-€1.2m-€2.6m-€2.5m-€1.6m-€2.8m-€7.0m-€4.6m▲ 33.7%
Income taxes67/77€0.006m€0.005m€0.009m€0.004m€0.004m€0.003m€0.003m€101▼ 96.6%
Taxes670/3€0.006m€0.005m-€0.004m€0.004m€0.003m€0.003m€101▼ 96.6%
Profit (loss) for the period9904-€2.0m-€1.2m-€2.6m-€2.5m-€1.6m-€2.8m-€7.0m-€4.6m▲ 33.7%
Profit (loss) for the period to be appropriated9905-€2.0m-€1.2m-€2.6m-€2.5m-€1.6m-€2.8m-€7.0m-€4.6m▲ 33.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€12.4m€17.9m€17.5m€17.3m€23.7m€23.3m€14.3m€9.3m▼ 34.9%
Fixed assets21/28€10.3m€11.9m€12.4m€11.6m€15.3m€14.9m€9.2m€7.9m▼ 14.4%
Intangible fixed assets21€0.09m€0.7m€1.7m€1.3m€1.1m€0.8m€0.6m€0.6m▼ 3.1%
Tangible fixed assets22/27€0.02m€0.02m€0.01m€0.004m€0.08m€0.06m€0.06m€0.04m▼ 28.4%
Plant, machinery and equipment23-€0.005m-€391--€0.006m€0.004m▼ 21.8%
Other tangible fixed assets26€0.02m€0.01m-€0.004m€0.08m€0.06m€0.05m€0.04m▼ 29.1%
Financial fixed assets28€10.2m€11.2m€10.7m€10.3m€14.1m€14.0m€8.5m€7.2m▼ 15.1%
Affiliated companies280/1€10.2m€11.2m-€10.3m€14.0m€14.0m€8.5m€6.5m▼ 22.7%
Participating interests280€10.2m€11.2m-€10.3m€14.0m€14.0m€8.5m€6.5m▼ 22.7%
Companies linked by participating interests282/3---€0.005m€0.03m€1€1€0.6m▲ 632,129×
Participating interests282---€0.005m€0.03m€1€1€0.6m▲ 632,129×
Other financial fixed assets284/8€0.04m€0.04m-€0.05m€0.03m€0.03m€0.04m€0.05m▲ 9.1%
Amounts receivable and cash guarantees285/8€0.04m€0.04m-€0.05m€0.03m€0.03m€0.04m€0.05m▲ 9.1%
Current assets29/58€2.1m€6.0m€5.1m€5.6m€8.5m€8.4m€5.1m€1.5m▼ 71.7%
Stocks and contracts in progress3€0.5m€0.6m€0.6m€0.4m€0.6m€0.5m€0.3m€0.3m▼ 23.6%
Stocks30/36€0.5m€0.4m-€0.4m€0.6m€0.5m€0.3m€0.3m▼ 23.6%
Raw materials and consumables30/31€0.1m€0.06m-€0.1m€0.2m€0.2m€0.2m€0.2m▲ 7.6%
Work in progress32€0.1m€0.1m-€0.05m€0.06m€0.2m€0.1m€0.06m▼ 58.8%
Finished goods33€0.2m€0.2m-€0.2m€0.3m€0.08m€0.02m€0.01m▼ 50.9%
Advance payments36-----€0.1m---
Contracts in progress37-€0.2m-------
Amounts receivable within one year40/41€1.5m€5.1m€4.4m€5.1m€7.7m€7.7m€4.7m€1.1m▼ 77.2%
Trade receivables40€0.6m€1.0m-€1.3m€2.4m€1.9m€2.7m€0.9m▼ 65.7%
Other amounts receivable41€0.9m€4.1m-€3.9m€5.3m€5.8m€2.0m€0.1m▼ 93.0%
Cash at bank and in hand54/58€0.06m€0.2m€0.04m€0.06m€0.01m€0.04m€0.01m€0.02m▲ 88.0%
Deferred charges and accrued income490/1€0.07m€0.08m-€0.1m€0.1m€0.08m€0.05m€0.08m▲ 79.4%
Equity and liabilities
Total equity and liabilities10/49€12.4m€17.9m€17.5m€17.3m€23.7m€23.3m€14.3m€9.3m▼ 34.9%
Equity10/15€4.5m€9.4m€7.0m€6.9m€12.3m€9.5m€2.3m€1.4m▼ 40.0%
Contributions10/11€36.3m€9.9m€9.9m€12.3m€19.2m€19.2m€19.2m€5.3m▼ 72.3%
Capital10€36.3m€9.9m-€12.0m€14.1m€14.1m€14.1m€2.0m▼ 86.2%
Issued capital100€36.3m€9.9m-€12.0m€14.1m€14.1m€14.1m€2.0m▼ 86.2%
Contributions outside capital11€17.6m--€0.3m€5.1m€5.1m€5.1m€3.4m▼ 34.5%
Share premium1100/10---€0.3m€5.1m€5.1m€5.1m€3.4m▼ 34.5%
Reserves13€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m=
Non-distributable reserves130/1---€0.6m€0.6m€0.6m€0.6m€0.6m=
Legal reserve130€0.6m€0.6m-€0.6m€0.6m€0.6m€0.6m€0.6m=
Profit (loss) carried forward14-€50.1m-€1.2m-€3.8m-€6.3m-€7.9m-€10.7m-€17.7m-€4.6m▲ 73.8%
Investment grants15-€0.1m-€0.3m€0.4m€0.4m€0.2m€0.09m▼ 46.2%
Provisions and deferred taxes16€0.2m€0.2m€0.1m€0.05m€0.06m€0.2m€0.2m€0.2m▲ 5.1%
Provisions for liabilities and charges160/5€0.2m€0.2m-€0.05m€0.06m€0.2m€0.2m€0.2m▲ 5.1%
Pensions and similar obligations160€0.07m€0.05m-€0.05m€0.06m€0.2m€0.2m€0.2m▲ 4.9%
Other liabilities and charges164/5€0.2m€0.1m-€0--€0.03m€0.03m▲ 6.2%
Amounts payable17/49€7.7m€8.3m€10.4m€10.3m€11.4m€13.6m€11.8m€7.7m▼ 34.7%
Amounts payable after more than one year17€0.4m€0.6m€1.2m€2.0m€3.7m€5.1m€3.5m€1.6m▼ 55.8%
Financial debts170/4€0.4m€0.6m-€0.9m€3.0m€4.3m€2.8m€1.1m▼ 61.6%
Subordinated loans170---€0.9m-----
Credit institutions173---€0-----
Other loans174€0.4m€0.6m--€3.0m€4.3m€2.8m€1.1m▼ 61.6%
Trade debts175---€1.2m€0.7m€0.6m€0.7m€0.5m▼ 32.5%
Suppliers1750---€1.2m€0.7m€0.6m€0.7m€0.5m▼ 32.5%
Other amounts payable178/9-----€0.2m€0.03m--
Amounts payable within one year42/48€7.2m€7.6m€8.4m€7.8m€7.4m€8.3m€8.2m€5.9m▼ 27.9%
Current portion of amounts payable after more than one year42€0.5m--€0.6m€0.4m€0.8m€0.4m€0.8m▲ 77.2%
Financial debts43€1.5m€1.5m-€1.5m€1.5m€2.1m€1.5m€0.3m▼ 82.2%
Credit institutions430/8€1.5m€1.5m-€1.5m€1.5m€1.5m€1.5m--
Other loans439-----€0.6m-€0.3m-
Trade debts44€4.5m€5.2m€5.5m€3.6m€4.3m€3.7m€3.0m€1.8m▼ 40.4%
Suppliers440/4€4.5m€5.2m-€3.6m€4.3m€3.7m€3.0m€1.8m▼ 40.4%
Advances received on contracts in progress46-€0.3m----€0.02m€0.002m▼ 87.5%
Taxes, remuneration and social security45€0.7m€0.6m-€0.7m€0.8m€1.0m€0.7m€0.7m▼ 9.0%
Taxes450/3€0.3m€0.4m-€0.3m€0.3m€0.5m€0.3m€0.1m▼ 58.3%
Remuneration and social security454/9€0.4m€0.2m-€0.4m€0.5m€0.5m€0.4m€0.5m▲ 26.6%
Other amounts payable47/48€0.002m€0.002m-€1.4m€0.4m€0.7m€2.5m€2.4m▼ 3.9%
Accrued charges and deferred income492/3€0.08m€0.07m-€0.4m€0.2m€0.2m€0.1m€0.3m▲ 128%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€2.0m-€1.2m-€2.6m-€2.5m-€1.6m-€2.8m-€7.0m-€4.6m▲ 33.7%
+ Depreciation and write-downs630€0.1m€0.04m€0.05m€0.3m€0.4m€0.6m€0.3m€0.3m▼ 11.9%
Operating cash flow (approximation)-€1.9m-€1.2m-€2.5m-€2.2m-€1.2m-€2.2m-€6.7m-€4.3m▲ 34.8%
Investment in fixed assets (approximation)--€1.6m-€0.6m€0.5m-€4.1m-€0.2m€5.4m€1.0m▼ 80.8%
Change in cash-€0.2m-€0.2m€0.02m-€0.04m€0.03m-€0.02m€0.01m-

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 67 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 consolidated 16-06-2026 2026-00167479 PDF
31-12-2025 full format 16-06-2026 2026-00164160 PDF
31-12-2024 full format 25-06-2025 2025-00184487 PDF
31-12-2024 consolidated 25-06-2025 2025-00184467 PDF
31-12-2023 consolidated 01-07-2024 2024-00200038 PDF
31-12-2023 full format 01-07-2024 2024-00200027 PDF
31-12-2022 consolidated 26-06-2023 2023-00192121 PDF
31-12-2022 full format 23-06-2023 2023-00163671 PDF
31-12-2021 full format 17-06-2022 2022-20079591 PDF
31-12-2021 consolidated 14-06-2022 2022-20066343 PDF

Show all 67 filings

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Subsidies and aid

Flemish government

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Schemes
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Public contracts

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Slimme klimaatregeling (Smart Climate Control): WS2342662668 - 1 - Smart Climate Control - Boîtier pour connecter le ventilateur de chauffage et les convecteurs muraux
buyer: Elia AssetIT servicesawarded 03-09-2025€200,0004 tendersTED 582340-2025
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buyer: Elia AssetIT servicesawarded 03-09-2025€370,0004 tendersTED 582340-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.