PEPPER CONSULT
Annual accounts 2025
micro format, filed on 26-06-2026, 35 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €28,000. Estimated: probably between €14,000 and €51,000.
Balance sheet
balance sheet total €62,643 on 31-12-2025in euro
in euro
Position in the sector
42.7%
Higher than 44% of 4,561 companies in 2025.
1.41
Higher than 38% of 4,377 companies in 2025.
0.8%
Higher than 30% of 4,412 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
62,643 | 40,851 | 54,716 | 45,713 | 27,705 | 48,148 | 788,047 | 699,320 | 618,416 | 575,585 | 549,693 | 539,511 | 491,954 | 510,315 | 376,906 | 167,750 | 69,013 | |
21/28 |
13,573 | 15,601 | 15,305 | - | - | - | 10,716 | 21,433 | 32,149 | 43,341 | 7,380 | 8,944 | 24,411 | 28,823 | 36,877 | 35,827 | 10,703 | |
22/27 |
13,573 | 15,601 | 15,305 | - | - | - | 10,716 | 21,433 | 32,149 | 43,341 | 7,380 | 8,944 | 20,181 | 28,823 | 36,877 | 35,827 | 10,703 | |
23 |
13,349 | 15,138 | 14,603 | - | - | - | 422 | 843 | 1,265 | 1,686 | 2,108 | 2,529 | 2,951 | 3,373 | 3,794 | - | - | |
24 |
223 | 463 | 703 | - | - | - | 10,295 | 20,590 | 30,885 | 41,655 | 5,272 | 6,414 | 17,230 | 25,450 | 33,083 | 35,827 | 10,703 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,230 | - | - | - | - | |
29/58 |
49,070 | 25,250 | 39,411 | 45,713 | 27,705 | 48,148 | 777,331 | 677,887 | 586,267 | 532,244 | 542,313 | 530,567 | 467,543 | 481,492 | 340,029 | 131,923 | 58,311 | |
40/41 |
34,480 | - | 4,689 | 15,443 | - | 4,901 | 649,587 | 607,262 | 420,645 | 341,743 | 280,273 | 341,595 | 297,473 | 282,843 | 233,261 | 53,713 | 30,845 | |
40 |
34,480 | - | 4,689 | 15,443 | - | 4,901 | 182,398 | 141,010 | 109,369 | 58,928 | 62,019 | 107,061 | 96,188 | 155,162 | 121,872 | 1,307 | 28,881 | |
41 |
- | - | - | - | - | - | 467,189 | 466,252 | 311,276 | 282,815 | 218,254 | 234,534 | 201,285 | 127,682 | 111,389 | 52,406 | 1,964 | |
54/58 |
5,946 | 25,250 | 34,406 | 20,726 | 22,295 | 41,190 | 125,848 | 68,567 | 163,623 | 188,559 | 262,040 | 187,263 | 168,218 | 193,049 | 104,077 | 73,958 | 27,466 | |
490/1 |
8,645 | - | 316 | 9,544 | 5,410 | 2,057 | 1,896 | 2,058 | 1,999 | 1,942 | - | 1,709 | 1,851 | 5,600 | 2,690 | 4,252 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
62,643 | 40,851 | 54,716 | 45,713 | 27,705 | 48,148 | 788,047 | 699,320 | 618,416 | 575,585 | 549,693 | 539,511 | 491,954 | 510,315 | 376,906 | 167,750 | 69,013 | |
10/15 |
26,744 | 26,247 | 32,738 | 36,340 | 15,249 | -7,146 | 8,060 | 548,049 | 533,345 | 490,257 | 453,463 | 420,693 | 383,711 | 319,216 | 198,438 | 82,410 | 29,359 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,158 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,158 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
6,284 | 5,787 | 12,278 | 15,880 | -5,211 | -27,606 | - | 539,989 | 525,285 | 482,197 | 445,403 | 412,633 | 375,651 | 311,156 | 190,378 | 74,350 | 22,001 | |
17/49 |
35,899 | 14,604 | 21,978 | 9,374 | 12,456 | 55,294 | 779,987 | 151,272 | 85,071 | 85,329 | 96,230 | 118,818 | 108,243 | 191,099 | 178,467 | 85,340 | 39,654 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 4,745 | 12,574 | 20,033 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 4,745 | 12,574 | 20,033 | - | |
42/48 |
34,738 | 13,466 | 21,708 | 9,374 | 12,456 | 55,294 | 779,027 | 150,312 | 84,034 | 84,302 | 95,222 | 117,928 | 107,353 | 185,504 | 165,054 | 64,468 | 38,504 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7,829 | 7,459 | 7,106 | - | |
44 |
25,085 | 812 | 13,128 | 1,254 | 7,261 | 1,223 | 145,610 | 107,067 | 47,820 | 35,464 | 51,704 | 49,782 | 58,109 | 95,903 | 67,615 | 24,902 | 18,270 | |
440/4 |
25,085 | 812 | 13,128 | 1,254 | 7,261 | 1,223 | 145,610 | 107,067 | 47,820 | 35,464 | 51,704 | 49,782 | 58,109 | 95,903 | 67,615 | 24,902 | 18,270 | |
45 |
9,474 | 12,254 | 8,388 | 7,928 | 5,020 | 28,969 | 46,252 | 43,126 | 36,214 | 48,838 | 43,518 | 68,146 | 49,244 | 81,772 | 89,979 | 32,460 | 20,235 | |
450/3 |
9,474 | 12,254 | 8,188 | 7,928 | 5,020 | 28,969 | 46,252 | 43,126 | 36,014 | 48,838 | 43,518 | 68,146 | 49,244 | 81,772 | 84,616 | 32,460 | 16,204 | |
454/9 |
- | - | 200 | - | - | - | - | - | 200 | - | - | - | - | - | 5,363 | - | 4,031 | |
47/48 |
178 | 400 | 191 | 191 | 174 | 25,103 | 587,165 | 118 | - | - | - | - | - | - | - | - | - | |
492/3 |
1,161 | 1,138 | 270 | - | - | - | 960 | 960 | 1,037 | 1,027 | 1,008 | 890 | 890 | 850 | 840 | 840 | 1,150 | |
| Income statement | ||||||||||||||||||
9900 |
4,492 | 687 | 3,738 | 30,661 | 14,220 | -17,549 | 76,037 | 30,681 | 75,693 | 59,109 | 40,873 | 56,454 | 89,428 | 197,170 | 182,363 | 92,593 | 43,749 | |
630 |
2,028 | 1,974 | 1,028 | - | - | 10,716 | 10,716 | 10,716 | 11,192 | 11,983 | 2,961 | 11,238 | 11,422 | 10,732 | 10,755 | 9,696 | 4,466 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | -11,094 | 11,094 | - | - | - | |
640/8 |
581 | 474 | 447 | 472 | 1,207 | 785 | 777 | 1,137 | 945 | 3,553 | 1,044 | 929 | 2,366 | 1,862 | 1,820 | 2,286 | 3,416 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,384 | - | |
9901 |
1,882 | -1,762 | 2,262 | 30,189 | 13,013 | -29,051 | 64,544 | 18,827 | 63,555 | 43,574 | 36,867 | 44,287 | 86,734 | 173,482 | 169,787 | 80,611 | 35,867 | |
75/76B |
0 | - | - | - | 10,710 | 2,734 | 6,954 | 5,602 | 4,395 | 10,638 | 10,159 | 9,624 | 10,218 | 10,111 | 6,939 | 2,861 | 79 | |
75 |
0 | - | - | - | 0 | 2,734 | 6,954 | 5,602 | 4,395 | 10,638 | 10,159 | 9,624 | 10,218 | 10,111 | 6,939 | 2,861 | 79 | |
76B |
- | - | - | - | 10,710 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,296 | 4,536 | 5,529 | 2,008 | 1,118 | 882 | 181 | 75 | 253 | 430 | 190 | 212 | 489 | 995 | 1,334 | 784 | 450 | |
65 |
1,296 | 4,536 | 5,529 | 2,008 | 1,118 | 882 | 181 | 75 | 253 | 430 | 190 | 212 | 489 | 995 | 1,334 | 784 | 450 | |
9903 |
587 | -6,298 | -3,267 | 28,181 | 22,606 | -27,198 | 71,317 | 24,354 | 67,697 | 53,782 | 46,837 | 53,699 | 96,463 | 182,599 | 175,392 | 78,304 | 35,497 | |
67/77 |
89 | 194 | 334 | 7,090 | 210 | 408 | 24,260 | 9,650 | 24,609 | 16,989 | 14,066 | 16,718 | 31,968 | 61,821 | 59,363 | 25,254 | 12,338 | |
9904 |
497 | -6,491 | -3,601 | 21,091 | 22,395 | -27,606 | 47,057 | 14,704 | 43,088 | 36,793 | 32,770 | 36,982 | 64,495 | 120,778 | 116,029 | 53,050 | 23,159 | |
9905 |
497 | -6,491 | -3,601 | 21,091 | 22,395 | -27,606 | 47,057 | 14,704 | 43,088 | 36,793 | 32,770 | 36,982 | 64,495 | 120,778 | 116,029 | 53,050 | 23,159 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
6,284 | 5,787 | 12,278 | 15,880 | -5,211 | -27,606 | 587,046 | 539,989 | 525,285 | 482,197 | 445,403 | 412,633 | 375,651 | 311,156 | 190,378 | 75,052 | 23,159 | |
14P |
5,787 | 12,278 | 15,880 | -5,211 | -27,606 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 702 | 1,158 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 702 | 1,158 | |
694/7 |
- | - | - | - | - | - | 587,046 | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | 587,046 | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00211055 | |
| 31-12-2024 | full format | 26-06-2025 | 2025-00180290 | |
| 31-12-2023 | full format | 27-06-2024 | 2024-00175665 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00156660 | |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20095326 | |
| 31-12-2020 | abbreviated format | 24-06-2021 | 2021-23300564 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-24400225 | |
| 31-12-2018 | abbreviated format | 26-06-2019 | 2019-22300241 | |
| 31-12-2017 | abbreviated format | 22-06-2018 | 2018-20900493 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-19900535 | |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-22500344 | |
| 31-12-2014 | abbreviated format | 23-06-2015 | 2015-19600389 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-22700454 | |
| 31-12-2012 | abbreviated format | 21-06-2013 | 2013-19300359 | |
| 31-12-2011 | abbreviated format | 26-06-2012 | 2012-20500420 | |
| 31-12-2010 | abbreviated format | 04-07-2011 | 2011-24200149 | |
| 31-12-2009 | abbreviated format | 14-07-2010 | 2010-29600475 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,910 | 212 | 3,290 | - | - | -18,334 | 75,261 | 29,544 | 74,747 | 55,557 | 39,829 | 55,524 | 98,156 | 184,215 | 180,543 | 90,307 | 40,333 | ||
| 2,525 | -4,517 | -2,573 | - | - | -16,890 | 57,774 | 25,421 | 54,280 | 48,777 | 35,732 | 48,219 | 75,917 | 131,510 | 126,784 | 62,746 | 27,625 | ||
| 0 | 2,270 | 16,334 | - | - | 0 | 0 | 0 | 0 | 47,944 | 1,398 | -4,230 | 7,011 | 2,678 | 11,805 | 44,163 | 15,169 | ||
| -19,304 | -9,156 | 13,680 | -1,568 | -18,895 | -84,658 | 57,281 | -95,056 | -24,936 | -73,481 | 74,777 | 19,044 | -24,830 | 88,971 | 30,119 | 46,492 | - | ||
| 14,333 | 11,784 | 17,703 | 36,340 | 15,249 | -7,146 | -1,696 | 527,576 | 502,233 | 447,942 | 447,091 | 412,639 | 360,190 | 295,989 | 174,975 | 67,455 | 19,807 | ||
| 42.7% | 64.3% | 59.8% | 79.5% | 55.0% | -14.8% | 1.0% | 78.4% | 86.2% | 85.2% | 82.5% | 78.0% | 78.0% | 62.6% | 52.6% | 49.1% | 42.5% | ||
| 1.41 | 1.88 | 1.82 | 4.88 | 2.22 | 0.87 | 1.00 | 4.51 | 6.98 | 6.31 | 5.70 | 4.50 | 4.36 | 2.60 | 2.06 | 2.05 | 1.51 | ||
| 1.34 | 0.56 | 0.67 | 0.26 | 0.82 | - | 96.77 | 0.28 | 0.16 | 0.17 | 0.21 | 0.28 | 0.28 | 0.60 | 0.90 | 1.04 | 1.35 | ||
| 1.9% | -24.7% | -11.0% | 58.0% | 146.9% | - | 583.8% | 2.7% | 8.1% | 7.5% | 7.2% | 8.8% | 16.8% | 37.8% | 58.5% | 64.4% | 78.9% | ||
| 0.8% | -15.9% | -6.6% | 46.1% | 80.8% | -57.3% | 6.0% | 2.1% | 7.0% | 6.4% | 6.0% | 6.9% | 13.1% | 23.7% | 30.8% | 31.6% | 33.6% | ||
| 3.02 | 0.05 | 0.60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,270 | €16,334 | - | - |
| €2,028 | €1,974 | €1,028 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on PEPPER CONSULT
The operating result for 2025 is a profit of €1,882, after a loss of €1,762 in 2024.
Debt's share of the balance-sheet total rises from 35.7% to 57.3%. Equity and debt are higher.