PROOF
InactiveFinancials · financial year 2025, micro format
Equity
€25,185▼ 10.5%
2024 · €28,147
Total assets
€27,425▼ 18.5%
2024 · €33,656
Net result
-€2,962
2024 · €9,167
Working capital
€24,870▼ 8.9%
2024 · €27,308
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €3,938 after €12,972 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-€3,938
2025
Net result-€2,962
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€27,425
2025
Equity€25,185
2025
Debt€2,240
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€24,870
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€1,702--€8,636€9,546€16,338▲ 71.1%€14,848▼ 9.1%€12,972▼ 12.6%-€3,938
Net result€575--€9,196€8,900€13,200▲ 48.3%€10,826▼ 18.0%€9,167▼ 15.3%-€2,962
Equity-€4,750--€13,946▼ 194%-€5,046▲ 63.8%€8,154€18,979▲ 133%€28,147▲ 48.3%€25,185▼ 10.5%
Total assets€11,137-€7,939▼ 28.7%€13,176▲ 66.0%€23,971▲ 81.9%€26,833▲ 11.9%€33,656▲ 25.4%€27,425▼ 18.5%
Debt€15,887-€21,886▲ 37.8%€18,222▼ 16.7%€15,817▼ 13.2%€7,854▼ 50.3%€5,509▼ 29.9%€2,240▼ 59.3%
Working capital-€4,750--€13,946▼ 194%-€5,046▲ 63.8%€7,579€18,414▲ 143%€27,308▲ 48.3%€24,870▼ 8.9%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,425
Fixed assets
€315 ▼ 62.4%
Current assets
€27,110 ▼ 17.4%
Equity and liabilities €27,425
Equity
€25,185 ▼ 10.5%
Debt
€2,240 ▼ 59.3%
Debt's share of the balance-sheet total falls from 16.4% to 8.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,415▼
2024 · €13,644
Cash flow
-€2,438▼
2024 · €9,839
Current ratio
12.10▲
2024 · 5.96
Debt to equity
0.09▼
2024 · 0.20
ROE
-11.8%▼
2024 · 32.6%
ROA
-10.8%▼
2024 · 27.2%
Interest coverage
-39.71▼
2024 · 46.93
Debt ≤ 1 year
€2,240▼
2024 · €5,509
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 | - | - | - | €149 | €357 | €672 | €523 | ▼ 22.1% |
| Other operating charges640/8 | - | - | - | €450 | €109 | €502 | €415 | ▼ 17.3% |
| Gross operating margin9900 | €2,824 | -€8,122 | €9,995 | €16,937 | €15,314 | €14,146 | -€3,000 | - |
| Operating profit (loss)9901 | €1,702 | -€8,636 | €9,546 | €16,338 | €14,848 | €12,972 | -€3,938 | - |
| Financial income75/76B | - | - | - | €819 | €992 | €1,131 | €1,063 | ▼ 6.0% |
| Recurring financial income75 | €870 | €788 | €803 | €819 | €992 | €1,131 | €1,063 | ▼ 6.0% |
| Financial charges65/66B | - | - | - | €929 | €414 | €291 | €86 | ▼ 70.4% |
| Recurring financial charges65 | €1,577 | €1,295 | €1,449 | €929 | €414 | €291 | €86 | ▼ 70.4% |
| Profit (loss) for the period before taxes9903 | €995 | -€9,144 | €8,900 | €16,228 | €15,425 | €13,812 | -€2,962 | - |
| Income taxes67/77 | €420 | €53 | - | €3,028 | €4,600 | €4,645 | - | - |
| Profit (loss) for the period9904 | €575 | -€9,196 | €8,900 | €13,200 | €10,826 | €9,167 | -€2,962 | - |
| Profit (loss) for the period to be appropriated9905 | €575 | -€9,196 | €8,900 | €13,200 | €10,826 | €9,167 | -€2,962 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €11,137 | €7,939 | €13,176 | €23,971 | €26,833 | €33,656 | €27,425 | ▼ 18.5% |
| Fixed assets21/28 | - | - | - | €922 | €565 | €838 | €315 | ▼ 62.4% |
| Tangible fixed assets22/27 | - | - | - | €922 | €565 | €838 | €315 | ▼ 62.4% |
| Plant, machinery and equipment23 | - | - | - | €922 | €565 | €208 | - | - |
| Furniture and vehicles24 | - | - | - | - | - | €630 | €315 | ▼ 50.0% |
| Current assets29/58 | €11,137 | €7,939 | €13,176 | €23,048 | €26,268 | €32,818 | €27,110 | ▼ 17.4% |
| Amounts receivable within one year40/41 | €10,790 | €7,939 | €13,176 | €23,048 | €20,059 | €17,254 | €17,819 | ▲ 3.3% |
| Trade receivables40 | - | - | - | €5,581 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €17,467 | €20,059 | €17,254 | €17,819 | ▲ 3.3% |
| Cash at bank and in hand54/58 | - | - | - | - | €6,209 | €15,563 | €9,291 | ▼ 40.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €11,137 | €7,939 | €13,176 | €23,971 | €26,833 | €33,656 | €27,425 | ▼ 18.5% |
| Equity10/15 | -€4,750 | -€13,946 | -€5,046 | €8,154 | €18,979 | €28,147 | €25,185 | ▼ 10.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | - | - | €6,579 | €15,747 | €15,747 | = |
| Distributable reserves133 | - | - | - | - | €6,579 | €15,747 | €15,747 | = |
| Profit (loss) carried forward14 | -€17,150 | -€26,346 | -€17,446 | -€4,246 | - | - | -€2,962 | - |
| Amounts payable17/49 | €15,887 | €21,886 | €18,222 | €15,817 | €7,854 | €5,509 | €2,240 | ▼ 59.3% |
| Amounts payable within one year42/48 | €15,887 | €21,886 | €18,222 | €15,469 | €7,854 | €5,509 | €2,240 | ▼ 59.3% |
| Financial debts43 | - | - | - | €6,089 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €6,089 | - | - | - | - |
| Trade debts44 | €2,533 | €2,707 | €2,694 | - | €425 | €425 | €2,240 | ▲ 427% |
| Suppliers440/4 | - | - | - | - | €425 | €425 | €2,240 | ▲ 427% |
| Taxes, remuneration and social security45 | - | - | - | €4,181 | €2,229 | €5,084 | - | - |
| Taxes450/3 | - | - | - | €4,181 | €2,229 | €5,084 | - | - |
| Other amounts payable47/48 | - | - | - | €5,200 | €5,200 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €348 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €575 | -€9,196 | €8,900 | €13,200 | €10,826 | €9,167 | -€2,962 | - |
| + Depreciation and write-downs630 | - | - | - | €149 | €357 | €672 | €523 | ▼ 22.1% |
| Operating cash flow (approximation) | €575 | -€9,196 | €8,900 | €13,348 | €11,183 | €9,839 | -€2,438 | - |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | -€945 | €0 | - |
| Change in cash | - | - | - | - | - | €9,354 | -€6,273 | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 26-03-2026 | 2026-00062807 |
| 30-09-2024 | micro format | 26-03-2026 | 2026-00062795 |
| 30-09-2023 | micro format | 26-03-2026 | 2026-00062790 |
| 30-09-2022 | micro format | 23-02-2023 | 2023-00031270 |
| 30-09-2021 | micro format | 28-11-2021 | 2021-78700280 |
| 30-09-2020 | micro format | 18-11-2020 | 2020-71100044 |
| 30-09-2019 | micro format | 13-12-2019 | 2019-76000276 |
| 30-09-2018 | micro format | 21-03-2019 | 2019-07500096 |
| 30-09-2017 | micro format | 22-03-2018 | 2018-07500007 |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-06800523 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.