PERFORMA
InactiveFinancials · financial year 2025, micro format
Equity
€231,528▼ 53.3%
2024 · €495,954
Total assets
€237,173▼ 52.8%
2024 · €501,977
Net result
€39,769▲ 15.3%
2024 · €34,486
Working capital
€223,298▼ 53.6%
2024 · €480,926
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024 and is the highest 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€53,886
2025
Net result€39,769
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€237,173
2025
Equity€231,528
2025
Debt€5,645
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€223,298
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€363,288-€40,806▼ 88.8%€50,167▲ 22.9%€44,356▼ 11.6%€39,062▼ 11.9%€44,249▲ 13.3%€53,886▲ 21.8%
Net result€250,257-€26,243▼ 89.5%€34,240▲ 30.5%€21,371▼ 37.6%€25,410▲ 18.9%€34,486▲ 35.7%€39,769▲ 15.3%
Equity€354,204-€380,447▲ 7.4%€414,687▲ 9.0%€436,058▲ 5.2%€461,468▲ 5.8%€495,954▲ 7.5%€231,528▼ 53.3%
Total assets€398,427-€388,035▼ 2.6%€422,715▲ 8.9%€448,670▲ 6.1%€466,066▲ 3.9%€501,977▲ 7.7%€237,173▼ 52.8%
Debt€44,223-€7,588▼ 82.8%€8,028▲ 5.8%€12,612▲ 57.1%€4,598▼ 63.5%€6,023▲ 31.0%€5,645▼ 6.3%
Working capital€352,624-€379,394▲ 7.6%€377,443▼ 0.5%€404,106▲ 7.1%€437,978▲ 8.4%€480,926▲ 9.8%€223,298▼ 53.6%
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 €237,173
Fixed assets
€8,248 ▼ 45.2%
Current assets
€228,926 ▼ 53.0%
Equity and liabilities €237,173
Equity
€231,528 ▼ 53.3%
Debt
€5,645 ▼ 6.3%
Debt's share of the balance-sheet total rises from 1.2% to 2.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€61,975▲
2024 · €52,710
Cash flow
€47,858▲
2024 · €42,947
Current ratio
40.68▼
2024 · 81.10
Debt to equity
0.02▲
2024 · 0.01
ROE
17.2%▲
2024 · 7.0%
ROA
16.8%▲
2024 · 6.9%
Interest coverage
over 100▲
2024 · -582.05
Debt ≤ 1 year
€5,628▼
2024 · €6,004
Income taxes
€20,473▲
2024 · €17,803
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 |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €926 | €527 | €1,021 | €8,162 | €8,461 | €8,462 | €8,089 | ▼ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€106 | -€377 | -€241 | €0 | - |
| Other operating charges640/8 | - | - | - | €744 | €772 | €794 | €852 | ▲ 7.2% |
| Non-recurring operating charges66A | - | - | - | €314 | - | - | - | - |
| Gross operating margin9900 | €367,455 | €42,557 | €52,854 | €53,469 | €47,919 | €53,264 | €62,826 | ▲ 18.0% |
| Operating profit (loss)9901 | €363,288 | €40,806 | €50,167 | €44,356 | €39,062 | €44,249 | €53,886 | ▲ 21.8% |
| Financial income75/76B | - | - | - | €1,632 | €107 | €7,949 | €6,396 | ▼ 19.5% |
| Recurring financial income75 | €15,222 | €613 | €90 | €1,632 | €107 | €7,949 | €6,396 | ▼ 19.5% |
| Financial charges65/66B | - | - | - | €37 | €188 | -€91 | €40 | - |
| Recurring financial charges65 | €40 | €40 | €41 | €37 | €188 | -€91 | €40 | - |
| Profit (loss) for the period before taxes9903 | €378,470 | €41,379 | €50,215 | €45,950 | €38,981 | €52,288 | €60,242 | ▲ 15.2% |
| Income taxes67/77 | €128,213 | €15,135 | €15,976 | €24,579 | €13,571 | €17,803 | €20,473 | ▲ 15.0% |
| Profit (loss) for the period9904 | €250,257 | €26,243 | €34,240 | €21,371 | €25,410 | €34,486 | €39,769 | ▲ 15.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €37,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €250,257 | €26,243 | €34,240 | €58,871 | €25,410 | €34,486 | €39,769 | ▲ 15.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €398,427 | €388,035 | €422,715 | €448,670 | €466,066 | €501,977 | €237,173 | ▼ 52.8% |
| Fixed assets21/28 | €1,580 | €1,053 | €37,603 | €31,970 | €23,508 | €15,046 | €8,248 | ▼ 45.2% |
| Tangible fixed assets22/27 | €1,580 | €1,053 | €37,603 | €31,970 | €23,508 | €15,046 | €8,248 | ▼ 45.2% |
| Furniture and vehicles24 | - | - | - | €31,970 | €23,508 | €15,046 | €8,248 | ▼ 45.2% |
| Current assets29/58 | €396,847 | €386,982 | €385,112 | €416,700 | €442,558 | €486,930 | €228,926 | ▼ 53.0% |
| Amounts receivable within one year40/41 | €7,073 | €3,603 | €11,537 | €9,056 | €14,386 | €11,785 | €19,897 | ▲ 68.8% |
| Trade receivables40 | - | - | - | €8,574 | €8,837 | €8,104 | €15,998 | ▲ 97.4% |
| Other amounts receivable41 | - | - | - | €482 | €5,549 | €3,681 | €3,899 | ▲ 5.9% |
| Current investments50/53 | €279,324 | €279,324 | €279,324 | €279,324 | €279,170 | €400,843 | €159,280 | ▼ 60.3% |
| Cash at bank and in hand54/58 | €108,794 | €103,360 | €93,090 | €127,132 | €147,767 | €73,054 | €49,324 | ▼ 32.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,188 | €1,234 | €1,248 | €425 | ▼ 65.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €398,427 | €388,035 | €422,715 | €448,670 | €466,066 | €501,977 | €237,173 | ▼ 52.8% |
| Equity10/15 | €354,204 | €380,447 | €414,687 | €436,058 | €461,468 | €495,954 | €231,528 | ▼ 53.3% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | €6,200 | €6,200 | - | - | - |
| Other1109/19 | - | - | - | €6,200 | €6,200 | - | - | - |
| Reserves13 | €348,004 | €374,247 | €408,487 | €429,858 | €455,268 | €489,754 | €225,328 | ▼ 54.0% |
| Non-distributable reserves130/1 | - | - | - | €10,262 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €10,262 | - | - | - | - |
| Distributable reserves133 | - | - | - | €419,596 | €455,268 | €489,754 | €225,328 | ▼ 54.0% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €44,223 | €7,588 | €8,028 | €12,612 | €4,598 | €6,023 | €5,645 | ▼ 6.3% |
| Amounts payable within one year42/48 | €44,223 | €7,588 | €7,669 | €12,595 | €4,580 | €6,004 | €5,628 | ▼ 6.3% |
| Trade debts44 | €1,253 | €1,471 | €1,574 | €1,400 | €166 | €224 | €311 | ▲ 38.7% |
| Suppliers440/4 | - | - | - | €1,400 | €166 | €224 | €311 | ▲ 38.7% |
| Taxes, remuneration and social security45 | - | - | - | €11,195 | €4,414 | €5,779 | €5,316 | ▼ 8.0% |
| Taxes450/3 | - | - | - | €11,195 | €4,414 | €5,779 | €5,316 | ▼ 8.0% |
| Accrued charges and deferred income492/3 | - | - | - | €17 | €18 | €19 | €18 | ▼ 8.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,257 | €26,243 | €34,240 | €21,371 | €25,410 | €34,486 | €39,769 | ▲ 15.3% |
| + Depreciation and write-downs630 | €926 | €527 | €1,021 | €8,162 | €8,461 | €8,462 | €8,089 | ▼ 4.4% |
| Operating cash flow (approximation) | €251,184 | €26,770 | €35,260 | €29,533 | €33,872 | €42,947 | €47,858 | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | €0 | -€37,570 | -€2,529 | €0 | €0 | -€1,290 | - |
| Change in cash | - | -€5,434 | -€10,270 | €34,042 | €20,635 | -€74,713 | -€23,730 | ▲ 68.2% |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 22-01-2026 | 2026-00019414 |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00019451 |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00535241 |
| 30-06-2022 | micro format | 19-01-2023 | 2023-00000353 |
| 30-06-2021 | micro format | 24-12-2021 | 2021-81300378 |
| 30-06-2020 | abbreviated format | 22-01-2021 | 2021-01300529 |
| 30-06-2019 | micro format | 24-01-2020 | 2020-01900146 |
| 30-06-2018 | micro format | 21-12-2018 | 2018-74900236 |
| 30-06-2017 | micro format | 05-01-2018 | 2018-00200512 |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-70900089 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.