PEER PROJECTS
InactiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed late (28 days) Filed on 28 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00126994.
Turnover
€415,328
EBIT margin
5.4%
Net result
-€13,299▲ 49.5%
2024 · -€26,324
Working capital
-€376,393▼ 1.6%
2024 · -€370,537
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €13,242 in 2025 against €26,282 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€13,242
2025
Net result-€13,299
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€17,198
2025
Equity-€388,937
2025
Debt€406,135
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€376,393
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
Turnover€415,328-
Operating result€22,404-€17,491▼ 21.9%€17,516▲ 0.1%€1,896▼ 89.2%-€24,219-€26,282▼ 8.5%-€13,242▲ 49.6%
Net result€8,704-€4,150▼ 52.3%€5,399▲ 30.1%-€6,150-€27,287▼ 344%-€26,324▲ 3.5%-€13,299▲ 49.5%
EBIT margin5.4%-
Equity-€337,826--€321,276▲ 4.9%-€315,877▲ 1.7%-€322,027▼ 1.9%-€349,314▼ 8.5%-€375,638▼ 7.5%-€388,937▼ 3.5%
Total assets€111,418-€172,185▲ 54.5%€159,647▼ 7.3%€118,358▼ 25.9%€80,833▼ 31.7%€16,065▼ 80.1%€17,198▲ 7.1%
Debt€449,244-€493,461▲ 9.8%€475,524▼ 3.6%€440,385▼ 7.4%€430,147▼ 2.3%€391,703▼ 8.9%€406,135▲ 3.7%
Working capital-€317,384--€292,383▲ 7.9%-€292,417=-€315,979▼ 8.1%-€346,206▼ 9.6%-€370,537▼ 7.0%-€376,393▼ 1.6%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,198
Fixed assets
€851 ▼ 89.8%
Current assets
€16,347 ▲ 112%
Equity and liabilities
Equity-€388,937
Debt€406,135
Equity is negative: debt (€406,135) exceeds the balance-sheet total (€17,198).
Key figures and ratios
EBITDA
-€13,007▲
2024 · -€23,703
Cash flow
-€13,064▲
2024 · -€23,745
Current ratio
0.04▲
2024 · 0.02
ROA
-77.3%▲
2024 · -163.9%
Interest coverage
-228.19▲
2024 · -564.36
Debt ≤ 1 year
€392,740▲
2024 · €378,250
A ratio outside any meaningful range has been withheld (balance sheet total €17,198, equity -€388,937).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €415,328 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €8,900 | - | €33 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,183 | - | - | €205 | €2,490 | €2,579 | €235 | ▼ 90.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €971 | - | - | - | - |
| Other operating charges640/8 | - | - | €307 | - | €2,165 | €1,256 | €787 | ▼ 37.3% |
| Non-recurring operating charges66A | - | - | - | - | €27,463 | - | - | - |
| Gross operating margin9900 | €29,972 | €18,354 | €17,823 | €3,072 | €7,899 | -€22,447 | -€12,220 | ▲ 45.6% |
| Operating profit (loss)9901 | €22,404 | €17,491 | €17,516 | €1,896 | -€24,219 | -€26,282 | -€13,242 | ▲ 49.6% |
| Financial income75/76B | - | - | €144 | €340 | €99 | - | - | - |
| Recurring financial income75 | €445 | €174 | €144 | €340 | €99 | - | - | - |
| Financial charges65/66B | - | - | €8,276 | €8,172 | €3,167 | €42 | €57 | ▲ 35.7% |
| Recurring financial charges65 | €8,319 | €8,524 | €8,276 | €8,172 | €3,167 | €42 | €57 | ▲ 35.7% |
| Profit (loss) for the period before taxes9903 | €14,530 | €9,141 | €9,384 | -€5,936 | -€27,287 | -€26,324 | -€13,299 | ▲ 49.5% |
| Income taxes67/77 | €5,826 | €4,991 | €3,985 | €214 | - | - | - | - |
| Profit (loss) for the period9904 | €8,704 | €4,150 | €5,399 | -€6,150 | -€27,287 | -€26,324 | -€13,299 | ▲ 49.5% |
| Profit (loss) for the period to be appropriated9905 | €8,704 | €4,150 | €5,399 | -€6,150 | -€27,287 | -€26,324 | -€13,299 | ▲ 49.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €111,418 | €172,185 | €159,647 | €118,358 | €80,833 | €16,065 | €17,198 | ▲ 7.1% |
| Fixed assets21/28 | €200 | €200 | €200 | €12,448 | €9,957 | €8,352 | €851 | ▼ 89.8% |
| Tangible fixed assets22/27 | - | - | €0 | €12,248 | €9,757 | €8,352 | €851 | ▼ 89.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,085 | €851 | ▼ 21.6% |
| Furniture and vehicles24 | - | - | - | €12,248 | €9,757 | €7,267 | - | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | - | - | - |
| Current assets29/58 | €111,218 | €171,985 | €159,447 | €105,910 | €70,876 | €7,713 | €16,347 | ▲ 112% |
| Amounts receivable after more than one year29 | - | - | €12,799 | €7,734 | - | - | - | - |
| Other amounts receivable291 | - | - | €12,799 | €7,734 | - | - | - | - |
| Stocks and contracts in progress3 | €19,339 | €18,698 | €25,654 | €11,129 | - | - | - | - |
| Stocks30/36 | - | - | €25,654 | €11,129 | - | - | - | - |
| Amounts receivable within one year40/41 | €37,993 | €97,758 | €105,733 | €49,728 | €22,525 | €7,496 | €8,477 | ▲ 13.1% |
| Trade receivables40 | - | - | €105,718 | €35,903 | €18,468 | - | - | - |
| Other amounts receivable41 | - | - | €15 | €13,825 | €4,057 | €7,496 | €8,477 | ▲ 13.1% |
| Cash at bank and in hand54/58 | €53,886 | €55,002 | €14,721 | €35,070 | €46,438 | €217 | €7,870 | ▲ 3,527% |
| Deferred charges and accrued income490/1 | - | - | €540 | €2,249 | €1,913 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €111,418 | €172,185 | €159,647 | €118,358 | €80,833 | €16,065 | €17,198 | ▲ 7.1% |
| Equity10/15 | -€337,826 | -€321,276 | -€315,877 | -€322,027 | -€349,314 | -€375,638 | -€388,937 | ▼ 3.5% |
| Contributions10/11 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,015 | €23,015 | €23,015 | €23,015 | €23,015 | €23,015 | €23,015 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €21,155 | €21,155 | €21,155 | €21,155 | €21,155 | = |
| Profit (loss) carried forward14 | -€367,041 | -€362,891 | -€357,492 | -€363,642 | -€390,929 | -€417,253 | -€430,552 | ▼ 3.2% |
| Amounts payable17/49 | €449,244 | €493,461 | €475,524 | €440,385 | €430,147 | €391,703 | €406,135 | ▲ 3.7% |
| Amounts payable after more than one year17 | €7,000 | €7,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €428,602 | €464,368 | €451,864 | €421,889 | €417,082 | €378,250 | €392,740 | ▲ 3.8% |
| Financial debts43 | - | - | €13,622 | - | - | - | - | - |
| Other loans439 | - | - | €13,622 | - | - | - | - | - |
| Trade debts44 | €35,554 | €63,011 | €46,259 | €31,119 | €36,053 | €1,397 | €2,475 | ▲ 77.2% |
| Suppliers440/4 | - | - | €46,259 | €31,119 | €36,053 | €1,397 | €2,475 | ▲ 77.2% |
| Taxes, remuneration and social security45 | - | - | €9,561 | €9,748 | €7 | €17 | - | - |
| Taxes450/3 | - | - | €9,561 | €9,748 | €7 | €17 | - | - |
| Other amounts payable47/48 | - | - | €382,422 | €381,022 | €381,022 | €376,836 | €390,265 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | - | €23,660 | €18,496 | €13,065 | €13,453 | €13,395 | ▼ 0.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,704 | €4,150 | €5,399 | -€6,150 | -€27,287 | -€26,324 | -€13,299 | ▲ 49.5% |
| + Depreciation and write-downs630 | €6,183 | - | - | €205 | €2,490 | €2,579 | €235 | ▼ 90.9% |
| Operating cash flow (approximation) | €14,887 | €4,150 | €5,399 | -€5,945 | -€24,797 | -€23,745 | -€13,064 | ▲ 45.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€12,453 | €1 | -€974 | €7,266 | - |
| Change in cash | - | €1,116 | -€40,281 | €20,349 | €11,368 | -€46,221 | €7,653 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 28-05-2026 | 2026-00126994 |
| 30-09-2024 | abbreviated format | 26-05-2025 | 2025-00107858 |
| 30-09-2023 | abbreviated format | 27-05-2024 | 2024-00101882 |
| 30-09-2022 | abbreviated format | 25-05-2023 | 2023-00095979 |
| 30-09-2021 | abbreviated format | 30-05-2022 | 2022-20041808 |
| 30-09-2020 | abbreviated format | 21-05-2021 | 2021-14800324 |
| 30-09-2019 | abbreviated format | 20-05-2020 | 2020-12600562 |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-11500456 |
| 30-09-2017 | abbreviated format | 18-05-2018 | 2018-13200005 |
| 30-09-2016 | abbreviated format | 25-04-2017 | 2017-10000047 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.