PLUS
InactiveFinancials · financial year 2025, micro format
Turnover
€196,993
EBIT margin
0.7%
Net result
-€26,498
2024 · €344
Working capital
€87,320▲ 22.2%
2024 · €71,467
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €21,947 after €10,039 in 2024, 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-€21,947
2025
Net result-€26,498
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€112,010
2025
Equity€45,966
2025
Debt€66,044
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€87,320
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.9
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€196,993
Operating result-€1,638-€1,409€10,567▲ 650%€4,000▼ 62.1%-€1,539€18,038€10,039▼ 44.3%-€21,947
Net result-€1,638-€981€9,230▲ 841%€1,309▼ 85.8%-€5,738€8,844€344▼ 96.1%-€26,498
EBIT margin0.7%
Equity€17,818-€18,800▲ 5.5%€31,704▲ 68.6%€85,363▲ 169%€79,625▼ 6.7%€88,470▲ 11.1%€88,814▲ 0.4%€45,966▼ 48.2%
Total assets€105,328-€156,481▲ 48.6%€157,257▲ 0.5%€169,074▲ 7.5%€180,668▲ 6.9%€216,473▲ 19.8%€207,181▼ 4.3%€112,010▼ 45.9%
Debt€87,509-€137,681▲ 57.3%€125,553▼ 8.8%€83,711▼ 33.3%€101,043▲ 20.7%€128,003▲ 26.7%€118,367▼ 7.5%€66,044▼ 44.2%
Working capital€30,758-€4,733▼ 84.6%€24,671▲ 421%€70,838▲ 187%€62,219▼ 12.2%€69,920▲ 12.4%€71,467▲ 2.2%€87,320▲ 22.2%
Staff (FTE)0.82.9▲ 263%2.9=3.7▲ 27.6%2.3▼ 37.8%1.9▼ 17.4%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €112,010
Equity
€45,966 ▼ 48.2%
Debt
€66,044 ▼ 44.2%
Debt's share of the balance-sheet total rises from 57.1% to 59.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€15,194▼
2024 · €33,400
Cash flow
-€19,745▼
2024 · €23,705
Current ratio
4.54▲
2024 · 1.77
Debt to equity
1.44▲
2024 · 1.33
ROE
-57.6%▼
2024 · 0.4%
ROA
-23.7%▼
2024 · 0.2%
Interest coverage
-3.54▼
2024 · 6.48
Debt ≤ 1 year
€24,690▼
2024 · €93,361
Debt > 1 year
€0▼
2024 · €25,006
Income taxes
€263▼
2024 · €6,288
Staff costs
€64,973▼
2024 · €123,396
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €196,993 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | €8,024 | - |
| Remuneration, social security and pensions62 | - | - | - | €170,489 | €233,365 | €160,957 | €123,396 | €64,973 | ▼ 47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,270 | €17,303 | €7,033 | €7,947 | €3,902 | €16,370 | €23,360 | €6,753 | ▼ 71.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €12,702 | €37,071 | -€49,773 | - |
| Other operating charges640/8 | - | - | - | €2,118 | €26,633 | €13,866 | €11,736 | €112,351 | ▲ 857% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €6,355 | - |
| Gross operating margin9900 | €8,827 | €66,472 | €108,263 | €184,555 | €262,361 | €221,933 | €205,603 | €118,711 | ▼ 42.3% |
| Operating profit (loss)9901 | -€1,638 | €1,409 | €10,567 | €4,000 | -€1,539 | €18,038 | €10,039 | -€21,947 | - |
| Financial income75/76B | - | - | - | €326 | €0 | €1,627 | €1,746 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €34 | €326 | €0 | €1,627 | €1,746 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €3,017 | €1,975 | €5,163 | €5,153 | €4,289 | ▼ 16.8% |
| Recurring financial charges65 | - | €428 | €1,372 | €3,017 | €1,975 | €5,163 | €5,153 | €4,289 | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | -€1,638 | €981 | €9,230 | €1,309 | -€3,514 | €14,502 | €6,632 | -€26,236 | - |
| Income taxes67/77 | - | - | - | - | €2,224 | €5,658 | €6,288 | €263 | ▼ 95.8% |
| Profit (loss) for the period9904 | -€1,638 | €981 | €9,230 | €1,309 | -€5,738 | €8,844 | €344 | -€26,498 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,638 | €981 | €9,230 | €1,309 | -€5,738 | €8,844 | €344 | -€26,498 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €105,328 | €156,481 | €157,257 | €169,074 | €180,668 | €216,473 | €207,181 | €112,010 | ▼ 45.9% |
| Fixed assets21/28 | €10,270 | €14,067 | €7,033 | €14,526 | €28,284 | €49,713 | €42,353 | €0 | ▼ 100% |
| Intangible fixed assets21 | €10,270 | €14,067 | €7,033 | €14,526 | €11,438 | €8,350 | €5,262 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | - | - | €16,846 | €41,364 | €37,091 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | - | €1,241 | €3,211 | €1,625 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €15,605 | €38,153 | €35,466 | €0 | ▼ 100% |
| Current assets29/58 | €95,058 | €142,414 | €150,224 | €154,549 | €152,384 | €166,759 | €164,828 | €112,010 | ▼ 32.0% |
| Amounts receivable within one year40/41 | €41,666 | €103,975 | €80,378 | €63,516 | €69,951 | €62,883 | €50,552 | €10,666 | ▼ 78.9% |
| Trade receivables40 | - | - | - | €38,678 | €36,385 | €38,090 | €19,011 | €8,409 | ▼ 55.8% |
| Other amounts receivable41 | - | - | - | €24,839 | €33,566 | €24,792 | €31,541 | €2,257 | ▼ 92.8% |
| Cash at bank and in hand54/58 | €53,392 | €38,439 | €67,955 | €62,822 | €56,574 | €103,538 | €114,277 | €101,344 | ▼ 11.3% |
| Deferred charges and accrued income490/1 | - | - | - | €28,210 | €25,860 | €339 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €105,328 | €156,481 | €157,257 | €169,074 | €180,668 | €216,473 | €207,181 | €112,010 | ▼ 45.9% |
| Equity10/15 | €17,818 | €18,800 | €31,704 | €85,363 | €79,625 | €88,470 | €88,814 | €45,966 | ▼ 48.2% |
| Contributions10/11 | €40,950 | €40,950 | €0 | €96,975 | €96,975 | €96,975 | €96,975 | €80,625 | ▼ 16.9% |
| Contributions outside capital11 | - | - | - | €96,975 | €96,975 | €96,975 | €96,975 | €80,625 | ▼ 16.9% |
| Other1109/19 | - | - | - | €96,975 | €96,975 | €96,975 | €96,975 | €80,625 | ▼ 16.9% |
| Profit (loss) carried forward14 | -€23,132 | -€22,150 | -€12,921 | -€11,612 | -€17,350 | -€8,505 | -€8,161 | -€34,659 | ▼ 325% |
| Amounts payable17/49 | €87,509 | €137,681 | €125,553 | €83,711 | €101,043 | €128,003 | €118,367 | €66,044 | ▼ 44.2% |
| Amounts payable after more than one year17 | - | - | - | - | €10,878 | €31,164 | €25,006 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | €10,878 | €31,164 | €25,006 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €64,300 | €137,681 | €125,553 | €83,711 | €90,165 | €96,839 | €93,361 | €24,690 | ▼ 73.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,122 | €12,726 | €18,332 | €0 | ▼ 100% |
| Trade debts44 | €40,278 | €51,961 | €96,621 | €44,315 | €26,594 | €30,471 | €33,649 | €6,042 | ▼ 82.0% |
| Suppliers440/4 | - | - | - | €44,315 | €26,594 | €30,471 | €33,649 | €6,042 | ▼ 82.0% |
| Taxes, remuneration and social security45 | - | - | - | €21,248 | €48,476 | €45,274 | €32,947 | €7,315 | ▼ 77.8% |
| Taxes450/3 | - | - | - | - | €22,580 | €18,359 | €22,328 | €7,315 | ▼ 67.2% |
| Remuneration and social security454/9 | - | - | - | €21,248 | €25,896 | €26,915 | €10,619 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €18,148 | €9,973 | €8,368 | €8,434 | €11,334 | ▲ 34.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €41,354 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,638 | €981 | €9,230 | €1,309 | -€5,738 | €8,844 | €344 | -€26,498 | - |
| + Depreciation and write-downs630 | €10,270 | €17,303 | €7,033 | €7,947 | €3,902 | €16,370 | €23,360 | €6,753 | ▼ 71.1% |
| Operating cash flow (approximation) | €8,631 | €18,284 | €16,263 | €9,257 | -€1,836 | €25,215 | €23,705 | -€19,745 | - |
| Investment in fixed assets (approximation) | - | -€21,100 | €0 | -€15,439 | -€17,661 | -€37,800 | -€16,000 | €35,600 | - |
| Change in cash | - | -€14,954 | €29,517 | -€5,133 | -€6,248 | €46,964 | €10,739 | -€12,933 | - |
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 (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00322928 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00316923 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00414104 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00397590 |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20278496 |
| 31-12-2020 | micro format | 13-07-2021 | 2021-34600464 |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33400377 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51700182 |
| 31-12-2017 | micro format | 02-08-2018 | 2018-42500553 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21500274 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.