Potteau
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 49 filings
Turnover
€21.2m▼ 16.2%
2024 · €25.2m
EBIT margin
-7.0%▼ 5.5pp
2024 · -1.5%
Net result
-€1.7m▼ 195%
2024 · -€573,216
Working capital
€727,867▼ 36.0%
2024 · €1.1m
In the rankings
#3 employer in Belgium, Furniture sector#6 oldest company in West Flanders, Furniture sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is a loss of €1.5m, larger than the loss of €386,951 in 2024. It is the lowest result since 2021.
Turnover€21.2m
2025
Operating result-€1.5m
2025
Net result-€1.7m
2025
Total assets€11.8m
2025
Equity€2.4m
2025
Debt€9.4m
2025
Working capital€0.7m
2025
EBIT margin-7.0%
2025
Return on assets (ROA)-14.3%
2025
Solvency20.1%
2025
Current ratio1.08
2025
Staff (FTE)137.2
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Turnover€24.7m-€19.8m▼ 19.6%€22.0m-€24.6m▲ 12.0%€26.9m▲ 9.5%€25.2m▼ 6.3%€21.2m▼ 16.2%
Operating result-€0.8m--€0.1m▲ 84.9%-€0.09m-€0.3m€0.003m▼ 98.9%-€0.4m-€1.5m▼ 284%
Net result-€1.0m--€0.3m▲ 72.7%-€0.2mbelow the sector's middle half-€0.2mwithin the sector's middle half-€0.1mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 364%-€1.7mbelow the sector's middle half▼ 195%
EBIT margin-3.3%--0.6%▲ 2.7pp-0.4%-1.3%▲ 1.6pp0.0%▼ 1.2pp-1.5%▼ 1.5pp-7.0%▼ 5.5pp
Equity€3.1m-€2.8m▼ 8.6%€3.5mwithin the sector's middle half-€3.7mabove the sector's middle half▲ 5.7%€3.5mwithin the sector's middle half▼ 3.4%€3.0mwithin the sector's middle half▼ 16.2%€2.4mwithin the sector's middle half▼ 19.9%
Total assets€12.4m-€12.8m▲ 3.2%€13.7mabove the sector's middle half-€15.0mabove the sector's middle half▲ 9.4%€13.4mabove the sector's middle half▼ 10.6%€12.9mabove the sector's middle half▼ 3.6%€11.8mabove the sector's middle half▼ 8.7%
Debt€9.3m-€10.0m▲ 7.2%€10.1m-€11.3m▲ 11.0%€9.9m▼ 12.5%€10.0m▲ 1.0%€9.4m▼ 5.3%
Working capital€2.6m-€2.5m▼ 6.1%€2.4mabove the sector's middle half-€2.2mabove the sector's middle half▼ 9.0%€1.5mwithin the sector's middle half▼ 29.9%€1.1mwithin the sector's middle half▼ 25.8%€0.7mwithin the sector's middle half▼ 36.0%
Solvency24.6%-21.8%▼ 2.8pp25.2%within the sector's middle half-24.4%within the sector's middle half▼ 0.9pp26.3%within the sector's middle half▲ 2.0pp22.9%within the sector's middle half▼ 3.4pp20.1%below the sector's middle half▼ 2.8pp
Current ratio1.31-1.26▼ 0.051.26within the sector's middle half-1.21within the sector's middle half▼ 0.051.16within the sector's middle half▼ 0.051.12within the sector's middle half▼ 0.041.08within the sector's middle half▼ 0.04
Return on assets (ROA)-7.7%--2.0%▲ 5.7pp-1.8%below the sector's middle half-1.3%within the sector's middle half▲ 3.1pp-0.9%within the sector's middle half▼ 2.2pp-4.4%below the sector's middle half▼ 3.5pp-14.3%below the sector's middle half▼ 9.9pp
Staff (FTE)165.6-161.9▼ 2.2%188above the sector's middle half-175.9above the sector's middle half▼ 6.4%161above the sector's middle half▼ 8.5%149.3above the sector's middle half▼ 7.3%137.2above the sector's middle half▼ 8.1%
above
within
below
The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.6m
Fixed assets
€2.0m ▲ 5.6%
Current assets
€9.6m ▼ 10.5%
Equity and liabilities €11.8m
Equity
€2.4m ▼ 19.9%
Provisions
€4,411 ▼ 52.7%
Debt
€9.4m ▼ 5.3%
Debt's share of the balance-sheet total rises from 77.0% to 79.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€979,880▼
2024 · €138,168
Cash flow
-€1.2m▼
2024 · -€48,098
Quick ratio
0.51▼
2024 · 0.56
Debt to equity
3.97▲
2024 · 3.36
ROE
-71.2%▼
2024 · -19.4%
Interest coverage
-5.29▼
2024 · 1.10
Debt ≤ 1 year
€8.9m▼
2024 · €9.6m
Debt > 1 year
€487,335▲
2024 · €386,351
Income taxes
€4,932▼
2024 · €6,119
Customer credit
64 days▲
2024 · 58 days
Supplier credit
97 days▲
2024 · 94 days
Staff costs
€9.3m▼
2024 · €9.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 190 | 178 | 162 | 151 | 139 |
| full-time | 160 | 147 | 134 | 123 | 113 |
| part-time | 30 | 31 | 28 | 28 | 26 |
| in full-time equivalents | 183.7 | 171.4 | 155.8 | 145.1 | 133.6 |
| Average over the year, in full-time equivalents | 188 | 175.9 | 161 | 149.3 | 137.2 |
| On a permanent contract | 190 | 178 | 162 | 151 | 139 |
| Joined | 18 | 14 | 9 | 5 | 6 |
| Left | 25 | 26 | 25 | 16 | 18 |
| Agency workers, average number | 3.7 | 4.1 | 3.1 | 1.9 | 2.7 |
| Training hours | 6,302 | 3,595 | 2,110 | 2,487 | 3,562 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €5.4m | €4.5m | €1.9m | €4.4m | €4.7m |
| Pledge on the business | €2.9m | €3.8m | €3.8m | €3.8m | €3.8m |
| Mandates to pledge the business | €522,894 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €89,675 | €171,281 | €88,000 | €236,450 | €502,648 |
| Intangible fixed assets | €577,618 | €466,968 | €16,955 | - | €13,259 |
| Financial fixed assets | - | €175 | - | - | - |
| Depreciation and write-downs of the year | €434,646 | €375,412 | €585,244 | €525,119 | €507,923 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €7,377 | €7,675 | €8,074 | €8,074 | €11,000 |
| Other work by the auditor | - | - | €600 | - | €2,007 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €122,472 awarded · €122,472 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €12,527 | €12,527 |
| 2024 | 2 | €14,853 | €14,853 |
| 2023 | 2 | €39,122 | €39,122 |
| 2022 | 2 | €55,970 | €55,970 |
European Union, budget
2023 · 2 entries · €158,996 in totalProjects
LABORATORY BUILDING RENOVATION PROJECT: FURNITURE
CUPBOARDS + CUSTOM LABORATORY FU
Public contracts
10 awards · 2018 to 2026
Overheidsopdracht van leveringen bij openbare procedure van de productie van meubels, vitrines met geïntegreerde verlichting, podiums, scheidingswanden, zitbanken en hands-on-elementen, evenals de installatie on site voor de tijdelijke tentoonstelling ‘CHALLENGE’ van het Koninklijk Belgisch Instituut voor Natuurwetenschappen: 2025/CHALLENGE/MOB - 1
Fourniture et pose de parements acoustiques au sein du parcours sensoriel et immersif du Carré Janson de Tournai
OSP - Levering en plaatsing van labo-meubilair
Accord - cadre de fournitures relatif à la fourniture et pose de mobilier de laboratoire (paillasses et hottes chimiques): 2024/06-67240-Eubc - Lot 1
ELLEZELLES 14 - Scénographie de la Maison du Pays des Collines: Mobilier en bois et mobilier industriel
Show 5 more contracts
Gebouw 040 - Labomeubilair en inrichting voor renovatie van zone 2
Opdracht voor Bio-Incubator NV - W9315 - Arenberg Accelerator - Bio-Incubator 5 - Bestek nr. TD/101124, Perceelnummer 15B: Vast labomeubilair: W9315 - Arenberg Accelerator - Bio-Incubator 5 - 1
WC167 - Perceel 15B - Bestek TD/101067
Fourniture et pose du mobilier de scénographie du parcours sensoriel et immersif du Smartcenter de Tournai
Équipement mobilier de laboratoires (Montignies-sur-Sambre)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Comparable companies
These companies have the same main activity as Potteau: manufacture of furniture (NACE 31001). They are comparable in size and age: total assets between €8.6m and €32m, founded between 1968 and 1990.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| Potteau Kortrijk | 1965 | €11.8m | €2.4m | €21.2m | -€1.7m | 137.2 | 2025 |
| VANERUM BELGIE Diest | 1980 | €16.6m | -€0.04m | €17.0m | -€1.5m | 77.3 | 2025 |
| HAELVOET Ingelmunster | 1976 | €20.0m | €9.4m | €25.1m | €0.05m | 61.2 | 2026 |
| METAFOX Ardooie | 1983 | €10.5m | €3.3m | €9.3m | -€0.06m | 53 | 2025 |
| PAMI Pelt | 1988 | €31.7m | €10.5m | €36.4m | €0.09m | 97.4 | 2025 |
| FRIGOMIL Meise | 1990 | €8.6m | €2.5m | €20.2m | €0.05m | 55.2 | 2025 |
| GONDELLA Nazareth-De Pinte | 1968 | €27.7m | €23.1m | €18.8m | -€0.4m | 42.4 | 2025 |
They were chosen from the 208 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,608 companies had the same profile as Potteau has now. Two years later, 4.1% had gone bankrupt and 88.9% were still going.
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
- without size
4.1%
went bankrupt
6.7%
stopped otherwise
88.9%
was still going
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Potteau itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,608 companies, not a prediction for Potteau. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €23.2m | €24.6m | €28.4m | €26.5m | €21.7m | ▼ 17.8% |
| Turnover70 | €24.7m | €19.8m | €22.0m | €24.6m | €26.9m | €25.2m | €21.2m | ▼ 16.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €0.2m | -€1.0m | €1.0m | €0.4m | €0.09m | ▼ 78.2% |
| Own construction capitalised72 | - | - | €0.3m | €0.3m | - | - | - | - |
| Other operating income74 | - | - | €0.8m | €0.7m | €0.5m | €0.8m | €0.5m | ▼ 39.6% |
| Non-recurring operating income76A | - | - | €0.01m | €0.01m | €0.01m | €0.009m | €0.02m | ▲ 79.0% |
| Operating charges60/66A | - | - | €23.3m | €24.3m | €28.4m | €26.9m | €23.2m | ▼ 13.5% |
| Goods for resale, raw materials and consumables60 | - | - | €9.8m | €10.5m | €13.7m | €13.0m | €9.9m | ▼ 24.2% |
| Purchases600/8 | - | - | €9.6m | €10.4m | €13.9m | €13.3m | €9.5m | ▼ 28.5% |
| Change in stocks: decrease (increase)609 | - | - | €0.2m | €0.2m | -€0.2m | -€0.3m | €0.4m | - |
| Services and other goods61 | - | - | €3.0m | €3.5m | €3.7m | €3.3m | €3.4m | ▲ 2.9% |
| Remuneration, social security and pensions62 | - | - | €9.9m | €9.9m | €11.0m | €9.9m | €9.3m | ▼ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.7m | €0.7m | €0.4m | €0.4m | €0.6m | €0.5m | €0.5m | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.001m | -€0.5m | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0.05m | -€0.02m | -€0.06m | -€0.01m | -€0.005m | ▲ 65.6% |
| Other operating charges640/8 | - | - | €0.02m | €0.5m | €0.05m | €0.02m | €0.03m | ▲ 10.8% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | -€0.6m | - | - | - |
| Non-recurring operating charges66A | - | - | €0.07m | - | €0.03m | - | €0.1m | - |
| Operating profit (loss)9901 | -€0.8m | -€0.1m | -€0.09m | €0.3m | €0.003m | -€0.4m | -€1.5m | ▼ 284% |
| Financial income75/76B | - | - | €0.005m | €0.08m | €0.01m | €0.005m | €0.05m | ▲ 955% |
| Recurring financial income75 | €0.03m | €0.01m | €0.005m | €0.08m | €0.01m | €0.005m | €0.05m | ▲ 955% |
| Income from current assets751 | - | - | €0.001m | €0.01m | €0.009m | €0.001m | €0.003m | ▲ 181% |
| Other financial income752/9 | - | - | €0.005m | €0.06m | €0.006m | €0.004m | €0.05m | ▲ 12× |
| Financial charges65/66B | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 33.8% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 33.8% |
| Debt charges650 | €0.08m | €0.09m | €0.1m | €0.1m | €0.08m | €0.1m | €0.2m | ▲ 47.8% |
| Other financial charges652/9 | - | - | €0.06m | €0.03m | €0.06m | €0.06m | €0.06m | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | -€1.0m | -€0.3m | -€0.2m | €0.2m | -€0.1m | -€0.6m | -€1.7m | ▼ 197% |
| Income taxes67/77 | -€0.007m | €0.008m | €0.006m | €0.006m | €0.006m | €0.006m | €0.005m | ▼ 19.4% |
| Taxes670/3 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.005m | ▼ 19.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | €33 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€1.0m | -€0.3m | -€0.2m | €0.2m | -€0.1m | -€0.6m | -€1.7m | ▼ 195% |
| Profit (loss) for the period to be appropriated9905 | -€1.0m | -€0.3m | -€0.2m | €0.2m | -€0.1m | -€0.6m | -€1.7m | ▼ 195% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €12.4m | €12.8m | €13.7m | €15.0m | €13.4m | €12.9m | €11.8m | ▼ 8.7% |
| Formation expenses20 | - | - | - | - | €0.5m | €0.3m | €0.2m | ▼ 31.9% |
| Fixed assets21/28 | €1.4m | €0.9m | €2.2m | €2.4m | €2.1m | €1.9m | €2.0m | ▲ 5.6% |
| Intangible fixed assets21 | €0.007m | €0.05m | €1.0m | €1.5m | €1.4m | €1.2m | €1.1m | ▼ 11.7% |
| Tangible fixed assets22/27 | €1.3m | €0.7m | €1.1m | €0.8m | €0.6m | €0.6m | €0.8m | ▲ 46.0% |
| Plant, machinery and equipment23 | - | - | €0.4m | €0.2m | €0.1m | €0.1m | €0.07m | ▼ 36.2% |
| Furniture and vehicles24 | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.06m | ▼ 23.6% |
| Leasing and similar rights25 | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.5m | ▲ 160% |
| Other tangible fixed assets26 | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 12.0% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 13.2% |
| Other financial fixed assets284/8 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 13.2% |
| Shares284 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts receivable and cash guarantees285/8 | - | - | €0.08m | €0.09m | €0.09m | €0.09m | €0.07m | ▼ 16.4% |
| Current assets29/58 | €11.0m | €11.9m | €11.5m | €12.6m | €10.9m | €10.7m | €9.6m | ▼ 10.5% |
| Stocks and contracts in progress3 | €1.8m | €2.1m | €4.7m | €3.5m | €4.6m | €5.3m | €5.0m | ▼ 5.3% |
| Stocks30/36 | - | - | €2.5m | €2.3m | €2.5m | €2.7m | €2.4m | ▼ 13.7% |
| Raw materials and consumables30/31 | - | - | €2.4m | €2.3m | €2.4m | €2.7m | €2.2m | ▼ 18.4% |
| Finished goods33 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Goods purchased for resale34 | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.1m | ▲ 14× |
| Contracts in progress37 | - | - | €2.2m | €1.2m | €2.2m | €2.6m | €2.7m | ▲ 3.5% |
| Amounts receivable within one year40/41 | €6.0m | €6.6m | €5.3m | €7.0m | €5.3m | €4.3m | €4.3m | ▲ 1.0% |
| Trade receivables40 | - | - | €4.9m | €6.8m | €4.9m | €4.0m | €3.7m | ▼ 8.2% |
| Other amounts receivable41 | - | - | €0.3m | €0.2m | €0.3m | €0.2m | €0.6m | ▲ 159% |
| Cash at bank and in hand54/58 | €1.2m | €0.3m | €1.6m | €2.0m | €0.9m | €1.0m | €0.08m | ▼ 92.1% |
| Deferred charges and accrued income490/1 | - | - | €0.03m | €0.04m | €0.05m | €0.08m | €0.1m | ▲ 76.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €12.4m | €12.8m | €13.7m | €15.0m | €13.4m | €12.9m | €11.8m | ▼ 8.7% |
| Equity10/15 | €3.1m | €2.8m | €3.5m | €3.7m | €3.5m | €3.0m | €2.4m | ▼ 19.9% |
| Contributions10/11 | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | €1.5m | €3.0m | ▲ 97.6% |
| Capital10 | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €3.0m | ▲ 97.6% |
| Issued capital100 | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €3.0m | ▲ 97.6% |
| Reserves13 | €1.6m | €1.4m | €1.9m | €2.1m | €2.0m | €1.4m | €0.4m | ▼ 75.6% |
| Non-distributable reserves130/1 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Legal reserve130 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other1319 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | €1.6m | €1.8m | €1.7m | €1.1m | - | - |
| Profit (loss) carried forward14 | - | - | - | €53 | - | - | -€1.0m | - |
| Provisions and deferred taxes16 | €0.09m | €0.08m | €0.1m | €0.09m | €0.02m | €0.009m | €0.004m | ▼ 52.7% |
| Provisions for liabilities and charges160/5 | - | - | €0.1m | €0.09m | €0.02m | €0.009m | €0.004m | ▼ 52.7% |
| Pensions and similar obligations160 | - | - | €0.1m | €0.09m | €0.02m | €0.009m | €0.004m | ▼ 52.7% |
| Amounts payable17/49 | €9.3m | €10.0m | €10.1m | €11.3m | €9.9m | €10.0m | €9.4m | ▼ 5.3% |
| Amounts payable after more than one year17 | €0.9m | €0.5m | €1.0m | €0.9m | €0.5m | €0.4m | €0.5m | ▲ 26.1% |
| Financial debts170/4 | - | - | €1.0m | €0.9m | €0.5m | €0.4m | €0.5m | ▲ 26.1% |
| Leasing and similar obligations172 | - | - | €0.3m | €0.1m | - | €0.2m | €0.4m | ▲ 167% |
| Credit institutions173 | - | - | €0.8m | €0.8m | €0.5m | €0.2m | €0.06m | ▼ 72.3% |
| Amounts payable within one year42/48 | €8.4m | €9.5m | €9.1m | €10.4m | €9.4m | €9.6m | €8.9m | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.7m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 6.6% |
| Financial debts43 | - | - | €3.6m | €3.3m | €1.1m | €3.7m | €3.9m | ▲ 4.5% |
| Credit institutions430/8 | - | - | €3.6m | €3.3m | €1.1m | €3.7m | €3.9m | ▲ 4.5% |
| Trade debts44 | €2.7m | €2.9m | €2.1m | €2.1m | €2.7m | €3.4m | €2.6m | ▼ 22.0% |
| Suppliers440/4 | - | - | €2.1m | €2.1m | €2.7m | €3.4m | €2.6m | ▼ 22.0% |
| Advances received on contracts in progress46 | - | - | €0.5m | €2.9m | €3.6m | €0.6m | €1.1m | ▲ 98.8% |
| Taxes, remuneration and social security45 | - | - | €1.2m | €1.4m | €1.4m | €1.3m | €0.9m | ▼ 32.0% |
| Taxes450/3 | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.06m | ▼ 79.6% |
| Remuneration and social security454/9 | - | - | €1.0m | €1.1m | €1.1m | €1.0m | €0.8m | ▼ 17.6% |
| Other amounts payable47/48 | - | - | €1.0m | €0.3m | €0.3m | €0.3m | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.001m | €0.009m | €485 | €0.008m | €0.09m | ▲ 906% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.0m | -€0.3m | -€0.2m | €0.2m | -€0.1m | -€0.6m | -€1.7m | ▼ 195% |
| + Depreciation and write-downs630 | €0.7m | €0.7m | €0.4m | €0.4m | €0.6m | €0.5m | €0.5m | ▼ 3.3% |
| Operating cash flow (approximation) | -€0.2m | €0.4m | €0.2m | €0.6m | €0.5m | -€0.05m | -€1.2m | ▼ 2,355% |
| Investment in fixed assets (approximation) | - | -€0.1m | - | -€0.6m | -€0.2m | -€0.3m | -€0.6m | ▼ 76.4% |
| Change in cash | - | -€0.9m | - | €0.5m | -€1.1m | €0.09m | -€0.9m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-06-2026 | 2026-00186617 | NBB |
| 31-12-2024 | full format | 30-06-2025 | 2025-00194017 | |
| 31-12-2023 | full format | 19-06-2024 | 2024-00139974 | |
| 31-12-2022 | full format | 06-07-2023 | 2023-00213901 | |
| 31-12-2021 | full format | 07-07-2022 | 2022-20167091 | |
| 31-12-2020 | full format | 25-06-2021 | 2021-24500569 | |
| 31-12-2019 | full format | 25-06-2020 | 2020-21100397 | |
| 31-12-2018 | full format | 13-05-2019 | 2019-12900008 | |
| 31-12-2017 | full format | 26-04-2018 | 2018-10700508 | |
| 31-12-2016 | full format | 05-05-2017 | 2017-11500041 |