PERFORMANCE MANAGEMENT TRAINING DEVELOPMENT
Annual accounts 2025
micro format, filed on 29-05-2026, 63 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €9,399 on 31-12-2025in euro
in euro
Position in the sector
-46.6%
Lower than 95% of 39,368 companies in 2025.
0.71
Higher than 16% of 38,051 companies in 2025.
-42.4%
Lower than 95% of 38,523 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
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 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
9,399 | 6,169 | 6,220 | 6,407 | 7,860 | 5,629 | 8,794 | 6,236 | 61,354 | 33,775 | 30,810 | 11,358 | 9,088 | 40,818 | 43,199 | 42,454 | 65,584 | 39,518 | 76,330 | 48,514 | |
20 |
- | - | 1,262 | - | - | - | - | - | - | 192 | 383 | 575 | 766 | - | - | - | - | - | - | - | |
21/28 |
- | - | - | - | 315 | 629 | 943 | 1,258 | - | - | 383 | 1,139 | 1,895 | - | - | 242 | 484 | 727 | 969 | 1,211 | |
22/27 |
- | - | - | - | 315 | 629 | 943 | 1,258 | - | - | - | 564 | 1,129 | - | - | 242 | 484 | 727 | 969 | 1,211 | |
24 |
- | - | - | - | 315 | 629 | 943 | 1,258 | - | - | - | 564 | 1,129 | - | - | 242 | 484 | 727 | 969 | 1,211 | |
29/58 |
9,399 | 6,169 | 4,958 | 6,407 | 7,545 | 5,000 | 7,851 | 4,978 | 61,354 | 33,583 | 30,427 | 10,219 | 7,193 | 40,818 | 43,199 | 42,212 | 65,100 | 38,791 | 75,361 | 47,303 | |
40/41 |
5,604 | 2,881 | 3,096 | 2,772 | 4,063 | 4,235 | 4,177 | 4,473 | 57,265 | 29,537 | 21,721 | 5,646 | 7,167 | 40,760 | 40,500 | 41,099 | 65,100 | 38,791 | 45,840 | 45,799 | |
40 |
4,821 | 2,772 | 2,772 | 2,772 | 2,772 | 3,255 | 3,085 | 3,610 | 56,717 | 28,530 | 21,022 | 4,723 | 5,829 | 39,554 | 39,314 | 40,232 | 64,786 | 38,554 | 38,554 | 38,553 | |
41 |
783 | 109 | 324 | - | 1,291 | 980 | 1,092 | 863 | 548 | 1,007 | 699 | 923 | 1,338 | 1,206 | 1,186 | 867 | 314 | 237 | 7,286 | 7,246 | |
54/58 |
3,795 | 3,288 | 1,862 | 3,635 | 3,093 | 765 | 3,674 | 505 | 4,089 | 4,046 | 7,116 | 2,983 | 26 | 58 | 2,699 | 1,113 | - | - | - | - | |
490/1 |
- | - | - | - | 389 | - | - | - | - | - | 1,590 | 1,590 | - | - | - | - | - | - | 29,521 | 1,504 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
9,399 | 6,169 | 6,220 | 6,407 | 7,860 | 5,629 | 8,794 | 6,236 | 61,354 | 33,775 | 30,810 | 11,358 | 9,088 | 40,818 | 43,199 | 42,454 | 65,584 | 39,518 | 76,330 | 48,514 | |
10/15 |
-4,380 | -399 | -592 | -1,906 | -2,737 | -11,016 | -1,596 | -4,570 | -6,907 | -9,383 | -5,461 | -9,665 | -9,926 | -10,899 | -14,174 | -11,764 | -12,449 | -23,885 | -27,301 | 13,432 | |
10/11 |
18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
100 |
- | - | - | - | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
13 |
1,875 | 1,875 | 0 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,999 | 124 | 124 | 124 | |
130/1 |
- | - | 0 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,999 | 124 | 124 | 124 | |
1311 |
- | - | 0 | 1,875 | 1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-25,005 | -21,024 | -19,342 | -22,531 | -23,362 | -31,641 | -22,221 | -25,195 | -27,532 | -30,008 | -26,086 | -30,290 | -30,551 | -31,524 | -34,799 | -32,389 | -33,198 | -42,759 | -46,175 | -5,442 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | - | |
17/49 |
13,779 | 6,568 | 6,812 | 8,313 | 10,597 | 16,645 | 10,390 | 10,806 | 68,261 | 43,157 | 36,271 | 21,023 | 19,014 | 51,717 | 57,373 | 54,218 | 78,033 | 63,403 | 73,631 | 35,082 | |
42/48 |
13,312 | 6,167 | 6,364 | 8,313 | 10,249 | 16,645 | 10,390 | 10,806 | 61,327 | 41,067 | 33,545 | 21,023 | 19,014 | 50,694 | 56,350 | 54,218 | 78,033 | 63,403 | 73,631 | 35,082 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 132 | |
43 |
- | - | - | - | - | - | - | - | - | 345 | - | - | - | - | - | - | 48 | 75 | 34 | 81 | |
430/8 |
- | - | - | - | - | - | - | - | - | 345 | - | - | - | - | - | - | 48 | 75 | 34 | 81 | |
44 |
1,006 | 1,257 | 1,539 | 1,799 | 1,439 | 5,996 | 2,300 | 2,601 | 21,384 | 16,488 | 12,772 | 11,808 | 4,651 | 1,041 | 2,385 | 4,692 | 1,432 | 963 | 3,231 | 9,889 | |
440/4 |
1,006 | 1,257 | 1,539 | 1,799 | 1,439 | 5,996 | 2,300 | 2,601 | 21,384 | 16,488 | 12,772 | 11,808 | 4,651 | 1,041 | 2,385 | 4,692 | 1,432 | 963 | 3,231 | 9,889 | |
45 |
480 | 3,982 | 4,825 | 6,304 | 4,417 | 2,128 | 2,127 | 1,132 | 1,024 | 4,666 | 4,666 | 5,961 | 3,949 | 2,625 | 4,621 | 3,402 | 12,250 | 8,092 | 321 | 3,774 | |
450/3 |
480 | 3,982 | 4,825 | 6,304 | 4,417 | 2,128 | 2,127 | 1,132 | 1,024 | 4,666 | 4,666 | 5,961 | 3,949 | 2,625 | 4,621 | 3,402 | 12,250 | 8,092 | 321 | 3,774 | |
47/48 |
11,826 | 928 | - | 210 | 4,393 | 8,521 | 5,963 | 7,073 | 38,918 | 19,568 | 16,107 | 3,254 | 10,414 | 47,028 | 49,344 | 46,124 | 64,303 | 54,273 | 70,045 | 21,206 | |
492/3 |
467 | 401 | 448 | - | 348 | - | - | - | 6,935 | 2,090 | 2,726 | - | - | 1,023 | 1,023 | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 261 | 178 | - | - | 320 | 168 | - | |
9900 |
-3,223 | 619 | 12,134 | 6,844 | 14,918 | -2,634 | 5,075 | 11,395 | 8,484 | -3,121 | 17,070 | 1,917 | 2,943 | 4,776 | -1,754 | 35,513 | 23,654 | 23,730 | 33,332 | 22,298 | |
630 |
- | 1,262 | 21 | 315 | 315 | 315 | 315 | 315 | 192 | 192 | 756 | 756 | 756 | - | 242 | 242 | 242 | 242 | 242 | 431 | |
640/8 |
400 | 541 | 6,027 | 3,996 | 3,478 | 5,597 | 359 | 7,092 | 348 | 348 | 437 | 436 | 347 | 348 | 348 | 348 | 693 | 1,826 | 438 | 1,302 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 261 | 75 | - | - | - | 30,000 | 9,015 | |
9901 |
-3,623 | -1,184 | 6,086 | 2,533 | 11,125 | -8,546 | 4,401 | 3,988 | 7,944 | -3,660 | 15,877 | 725 | 1,840 | 4,428 | -2,344 | 34,923 | 22,719 | 21,662 | 32,652 | 20,565 | |
75/76B |
- | - | 9 | - | - | - | - | - | - | 1 | 2 | - | - | - | 1 | 87 | 1 | - | - | - | |
75 |
- | - | 9 | - | - | - | - | - | - | 1 | 2 | - | - | - | 1 | 87 | 1 | - | - | - | |
65/66B |
359 | 498 | 447 | 486 | 558 | 874 | 431 | 308 | 137 | 262 | 246 | 347 | 543 | 628 | 170 | 81 | 126 | 757 | 1,764 | 417 | |
65 |
359 | 498 | 447 | 486 | 558 | 874 | 431 | 308 | 137 | 262 | 246 | 347 | 543 | 628 | 170 | 81 | 126 | 757 | 1,764 | 417 | |
9903 |
-3,982 | -1,682 | 5,648 | 2,047 | 10,567 | -9,420 | 3,970 | 3,680 | 7,808 | -3,921 | 15,633 | 378 | 1,297 | 3,800 | -2,410 | 34,929 | 22,594 | 21,225 | 1,056 | 11,133 | |
67/77 |
- | - | 2,459 | 1,216 | 2,289 | - | 996 | 1,343 | 332 | - | 1,429 | 117 | 324 | 525 | - | 244 | 4,158 | 17,809 | 41,789 | 493 | |
9904 |
-3,982 | -1,682 | 3,189 | 831 | 8,278 | -9,420 | 2,974 | 2,337 | 7,475 | -3,921 | 14,204 | 261 | 973 | 3,275 | -2,410 | 34,685 | 18,436 | 3,416 | -40,733 | 10,640 | |
9905 |
-3,982 | -1,682 | 3,189 | 831 | 8,278 | -9,420 | 2,974 | 2,337 | 7,475 | -3,921 | 14,204 | 261 | 973 | 3,275 | -2,410 | 34,685 | 18,436 | 3,416 | -40,733 | 10,640 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-25,005 | -21,024 | -19,342 | -22,531 | -23,362 | -31,641 | -22,221 | -25,195 | -22,532 | -30,008 | -16,086 | -30,290 | -30,551 | -31,524 | -34,799 | 1,611 | -24,323 | -42,759 | -46,175 | -5,442 | |
14P |
-21,023 | -19,342 | -22,531 | -23,362 | -31,640 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,875 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,875 | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | 5,000 | - | 10,000 | - | - | - | - | 34,000 | 7,000 | - | - | - | |
695 |
- | - | - | - | - | - | - | - | 5,000 | - | 10,000 | - | - | - | - | 34,000 | 7,000 | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
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 | 29-05-2026 | 2026-00126289 | |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00159019 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00170908 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00126208 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20086966 | |
| 31-12-2020 | micro format | 11-08-2021 | 2021-47700239 | |
| 31-12-2019 | micro format | 16-06-2021 | 2021-20800176 | |
| 31-12-2018 | micro format | 16-06-2021 | 2021-20800175 | |
| 31-12-2017 | micro format | 05-09-2018 | 2018-62000578 | |
| 31-12-2016 | micro format | 28-09-2017 | 2017-64100111 | |
| 31-12-2015 | full format | 15-09-2016 | 2016-60100142 | |
| 31-12-2014 | full format | 26-08-2015 | 2015-51000281 | |
| 31-12-2013 | full format | 22-09-2014 | 2014-59700226 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-52900363 | |
| 31-12-2011 | full format | 30-08-2012 | 2012-52000385 | |
| 31-12-2010 | full format | 31-08-2011 | 2011-47600019 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-46500278 | |
| 31-12-2008 | abbreviated format | 29-09-2009 | 2009-77700068 | |
| 31-12-2007 | abbreviated format | 28-08-2008 | 2008-63600247 | |
| 31-12-2006 | full format | 25-09-2007 | 2007-73000369 | |
| 31-12-2005 | full format | 31-08-2006 | 2006-71803758 | |
| 31-12-2004 | full format | 31-08-2006 | 2006-71800036 | |
| 31-12-2003 | full format | 19-01-2006 | 2006-02104043 | |
| 31-12-2002 | full format | 24-09-2003 | 2003-68504027 | |
| 31-12-2001 | full format | 19-06-2002 | 2002-23703753 |
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 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | 78 | 6,107 | 2,848 | 11,440 | -8,231 | 4,716 | 4,303 | 8,136 | -3,468 | 16,633 | 1,481 | 2,596 | - | -2,102 | 35,165 | 22,961 | 21,904 | 32,894 | 20,996 | ||
| - | -420 | 3,210 | 1,146 | 8,593 | -9,105 | 3,289 | 2,652 | 7,667 | -3,730 | 14,960 | 1,017 | 1,729 | - | -2,168 | 34,927 | 18,678 | 3,658 | -40,491 | 11,071 | ||
| - | 0 | 1,283 | 0 | 1 | 1 | 0 | 1,573 | 0 | 0 | 0 | 0 | 1,694 | - | 0 | 0 | -1 | 0 | 0 | - | ||
| 507 | 1,426 | -1,773 | 542 | 2,328 | -2,909 | 3,169 | -3,584 | 44 | -3,070 | 4,133 | 2,957 | -32 | -2,641 | 1,586 | - | - | - | - | - | ||
| -3,913 | 2 | -1,406 | -1,906 | -2,704 | -11,645 | -2,539 | -5,828 | 27 | -7,484 | -3,118 | -10,804 | -11,821 | -9,876 | -13,151 | -12,006 | -12,933 | -24,612 | 1,730 | 12,221 | ||
| -46.6% | -6.5% | -9.5% | -29.7% | -34.8% | -195.7% | -18.1% | -73.3% | -11.3% | -27.8% | -17.7% | -85.1% | -109.2% | -26.7% | -32.8% | -27.7% | -19.0% | -60.4% | -35.8% | 27.7% | ||
| 0.71 | 1.00 | 0.78 | 0.77 | 0.74 | 0.30 | 0.76 | 0.46 | 1.00 | 0.82 | 0.91 | 0.49 | 0.38 | 0.81 | 0.77 | 0.78 | 0.83 | 0.61 | 1.02 | 1.35 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.61 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 79.2% | ||
| -42.4% | -27.3% | 51.3% | 13.0% | 105.3% | -167.3% | 33.8% | 37.5% | 12.2% | -11.6% | 46.1% | 2.3% | 10.7% | 8.0% | -5.6% | 81.7% | 28.1% | 8.6% | -53.4% | 21.9% | ||
| - | 0.16 | 13.66 | 5.86 | 20.50 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on PERFORMANCE MANAGEMENT TRAINING DEVELOPMENT
The operating result for 2025 is a loss of €3,623, larger than the loss of €1,184 in 2024. It is the lowest result since 2020.
Equity is negative. Debt (€13,779) exceeds the balance-sheet total (€9,399).