QS
Annual accounts 2025
full format, filed on 27-08-2026, 27 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €70,000. Estimated: probably between €47,000 and €110,000.
Balance sheet
balance sheet total €59,116 on 31-12-2025in euro
in euro
Position in the sector
49.2%
Higher than 55% of 565 companies in 2025.
4.20
Higher than 82% of 550 companies in 2025.
0.4%
Higher than 29% of 563 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
59,116 | 65,885 | 100,523 | |
20 |
446 | 682 | 917 | |
21/28 |
29,036 | 48,391 | 63,456 | |
21 |
691 | 791 | 891 | |
22/27 |
28,345 | 47,600 | 62,564 | |
23 |
8,685 | 16,289 | 22,332 | |
24 |
19,660 | 31,311 | 40,232 | |
29/58 |
29,633 | 16,812 | 36,151 | |
3 |
9,280 | - | - | |
30/36 |
9,280 | - | - | |
40/41 |
10,490 | 7,509 | 28,015 | |
40 |
8,086 | 7,509 | 28,015 | |
41 |
2,404 | - | - | |
54/58 |
9,864 | 9,303 | 8,136 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
59,116 | 65,885 | 100,523 | |
10/15 |
29,066 | 28,828 | 26,526 | |
10/11 |
10,000 | 10,000 | 10,000 | |
11 |
10,000 | 10,000 | 10,000 | |
1109/19 |
10,000 | 10,000 | 10,000 | |
13 |
19,066 | 18,828 | 16,526 | |
133 |
19,066 | 18,828 | 16,526 | |
17/49 |
30,050 | 37,057 | 73,998 | |
17 |
22,987 | 15,032 | 24,899 | |
170/4 |
22,987 | 15,032 | 24,899 | |
42/48 |
7,063 | 22,026 | 49,098 | |
42 |
369 | 6,309 | 7,666 | |
44 |
4,980 | 4,540 | 15,603 | |
440/4 |
4,980 | 4,540 | 15,603 | |
45 |
1,714 | 6,399 | 8,320 | |
450/3 |
1,714 | 6,399 | 7,120 | |
454/9 |
- | - | 1,200 | |
47/48 |
- | 4,778 | 17,509 | |
| Income statement | ||||
9900 |
26,153 | 29,932 | 30,815 | |
62 |
1,227 | 3,323 | 2,665 | |
630 |
21,698 | 20,837 | 16,537 | |
640/8 |
1,221 | 1,043 | 1,431 | |
9901 |
2,008 | 4,728 | 10,182 | |
75/76B |
72 | 31 | 12,450 | |
75 |
72 | 31 | 12,450 | |
65/66B |
1,515 | 1,487 | 1,560 | |
65 |
1,515 | 1,487 | 1,560 | |
9903 |
565 | 3,272 | 21,072 | |
67/77 |
327 | 970 | 4,546 | |
9904 |
239 | 2,302 | 16,526 | |
9905 |
239 | 2,302 | 16,526 | |
| Appropriation of the result | ||||
9906 |
239 | 2,302 | 16,526 | |
691/2 |
239 | 2,302 | 16,526 | |
6921 |
239 | 2,302 | 16,526 | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00452786.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 23,706 | 25,566 | 26,720 | ||
| 21,937 | 23,139 | 33,063 | ||
| 2,107 | 5,538 | 81,001 | ||
| 561 | 1,167 | - | ||
| 22,570 | -5,214 | -12,948 | ||
| 49.2% | 43.8% | 26.4% | ||
| 4.20 | 0.76 | 0.74 | ||
| 2.88 | 0.76 | 0.74 | ||
| 1.03 | 1.29 | 2.79 | ||
| 0.8% | 8.0% | 62.3% | ||
| 0.4% | 3.5% | 16.4% | ||
| 15.65 | 17.19 | 17.12 |
EBIT margin: not included in this filing.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,107 | €5,538 | €80,001 |
| Intangible fixed assets | - | - | €1,000 |
| €21,698 | €20,837 | €16,537 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on QS
The operating result for 2025 is 58% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 56.2% to 50.8%. Equity is higher and debt is lower.