Financials · financial year 2025, micro format
Equity
€515,611▲ 7.0%
2024 · €481,701
Total assets
€1.5m▼ 8.0%
2024 · €1.7m
Net result
€33,910▼ 14.2%
2024 · €39,529
Working capital
€357,252▼ 20.4%
2024 · €448,853
Trend over the years
2023 to 2025, 3 financial years
The operating result has fallen two years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.05m
2025
Net result€0.03m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.5m
2025
Equity€0.5m
2025
Debt€1.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
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
Line202320242025
Operating result€0.08m-€0.06m▼ 27.2%€0.05m▼ 1.6%
Net result€0.2m-€0.04m▼ 78.4%€0.03m▼ 14.2%
Equity€0.4m-€0.5m▲ 8.9%€0.5m▲ 7.0%
Total assets€1.8m-€1.7m▼ 8.6%€1.5m▼ 8.0%
Debt€1.4m-€1.2m▼ 14.2%€1.0m▼ 14.1%
Working capital€0.5m-€0.4m▼ 15.7%€0.4m▼ 20.4%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.0m =
Current assets
€494,237 ▼ 21.3%
Equity and liabilities €1.5m
Equity
€515,611 ▲ 7.0%
Debt
€1.0m ▼ 14.1%
Debt's share of the balance-sheet total falls from 71.2% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.61▲
2024 · 3.50
Debt to equity
1.99▼
2024 · 2.47
ROE
6.6%▼
2024 · 8.2%
ROA
2.2%▼
2024 · 2.4%
Debt ≤ 1 year
€136,985▼
2024 · €179,270
Debt > 1 year
€886,641▼
2024 · €1.0m
Income taxes
€11,303▼
2024 · €13,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €1,177 | €1,108 | €1,143 | ▲ 3.1% |
| Gross operating margin9900 | €76,899 | €56,246 | €55,413 | ▼ 1.5% |
| Operating profit (loss)9901 | €75,722 | €55,138 | €54,270 | ▼ 1.6% |
| Financial income75/76B | €150,740 | €28,326 | €19,695 | ▼ 30.5% |
| Recurring financial income75 | €150,740 | €28,326 | €19,695 | ▼ 30.5% |
| Financial charges65/66B | €34,685 | €30,758 | €28,752 | ▼ 6.5% |
| Recurring financial charges65 | €34,685 | €30,758 | €28,752 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €191,777 | €52,705 | €45,213 | ▼ 14.2% |
| Income taxes67/77 | €8,355 | €13,176 | €11,303 | ▼ 14.2% |
| Profit (loss) for the period9904 | €183,421 | €39,529 | €33,910 | ▼ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €183,421 | €39,529 | €33,910 | ▼ 14.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.8m | €1.7m | €1.5m | ▼ 8.0% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | = |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €0.8m | €0.6m | €0.5m | ▼ 21.3% |
| Amounts receivable within one year40/41 | €0.8m | €0.5m | €0.5m | ▼ 9.7% |
| Trade receivables40 | €0.06m | €0 | - | - |
| Other amounts receivable41 | €0.7m | €0.5m | €0.5m | ▼ 9.7% |
| Cash at bank and in hand54/58 | €0.006m | €0.06m | €0.006m | ▼ 90.6% |
| Deferred charges and accrued income490/1 | - | €0.03m | €138 | ▼ 99.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.5m | ▼ 8.0% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | ▲ 7.0% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | ▲ 9.5% |
| Distributable reserves133 | €0.3m | €0.4m | €0.4m | ▲ 9.5% |
| Amounts payable17/49 | €1.4m | €1.2m | €1.0m | ▼ 14.1% |
| Amounts payable after more than one year17 | €1.1m | €1.0m | €0.9m | ▼ 12.4% |
| Financial debts170/4 | €1.1m | €1.0m | €0.9m | ▼ 12.4% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.1m | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.1m | €0.1m | ▲ 1.7% |
| Trade debts44 | €0.02m | €0.02m | €224 | ▼ 98.6% |
| Suppliers440/4 | €0.02m | €0.02m | €224 | ▼ 98.6% |
| Advances received on contracts in progress46 | €0.08m | €0 | - | - |
| Taxes, remuneration and social security45 | €0.03m | €0.03m | €0.01m | ▼ 62.2% |
| Taxes450/3 | €0.03m | €0.03m | €0.01m | ▼ 62.2% |
| Other amounts payable47/48 | €0.003m | €0.01m | €58 | ▼ 99.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €183,421 | €39,529 | €33,910 | ▼ 14.2% |
| Operating cash flow (approximation) | €183,421 | €39,529 | €33,910 | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €52,408 | -€53,228 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00299435 |
| 31-12-2024 | abbreviated format | 28-07-2025 | 2025-00315770 |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00272615 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.