QUALITY EXPERIENCE
InactiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 21-07-2026 at the NBB all 32 filings
Equity
-€50,192▼ 3.8%
2025 · -€48,377
Total assets
€4,052▼ 42.3%
2025 · €7,022
Net result
-€1,815▲ 76.0%
2025 · -€7,570
Working capital
-€50,192▼ 3.8%
2025 · -€48,377
Multi-year overview
2018 to 2026, 9 financial yearsOperating result
-€1,662
▲ 77.4%
2026
20182026
Net result
-€1,815
▲ 76.0%
2026
20182026
Equity
-€50,192
▼ 3.8%
2026
20182026
Total assets
€4,052
▼ 42.3%
2026
20182026
Debt
€54,245
▼ 2.1%
2026
20182026
Working capital
-€50,192
▼ 3.8%
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result-€11,260--€4,729▲ 58.0%-€10,541▼ 123%-€5,440▲ 48.4%€866€9,209▲ 963%-€9,403-€7,340▲ 21.9%-€1,662▲ 77.4%
Net result-€13,664--€5,079▲ 62.8%-€10,779▼ 112%-€5,672▲ 47.4%€617€9,023▲ 15×-€9,524-€7,570▲ 20.5%-€1,815▲ 76.0%
Equity€193,213--€24,471-€35,250▼ 44.0%-€40,923▼ 16.1%-€40,306▲ 1.5%-€31,283▲ 22.4%-€40,807▼ 30.4%-€48,377▼ 18.6%-€50,192▼ 3.8%
Total assets€312,085-€26,900▼ 91.4%€12,665▼ 52.9%€12,666=€15,205▲ 20.0%€28,542▲ 87.7%€13,786▼ 51.7%€7,022▼ 49.1%€4,052▼ 42.3%
Debt€118,871-€51,371▼ 56.8%€47,916▼ 6.7%€53,588▲ 11.8%€55,511▲ 3.6%€59,825▲ 7.8%€54,593▼ 8.7%€55,399▲ 1.5%€54,245▼ 2.1%
Working capital€187,863--€27,943-€34,724▼ 24.3%-€40,923▼ 17.9%-€40,306▲ 1.5%-€31,283▲ 22.4%-€42,663▼ 36.4%-€48,377▼ 13.4%-€50,192▼ 3.8%
The operating result for 2026 is a loss of €1,662, smaller than the loss of €7,340 in 2025.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€54,245▼
2025 · €55,399
The ratios are withheld because a balance sheet total of €4,052 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 | 07-07-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,040 | - | - |
| Depreciation and write-downs of the year | - | - | €184 | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €9,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,181 | €2,653 | €2,380 | €2,380 | - | - | €184 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,118 | €1,147 | €1,241 | €1,213 | €833 | €148 | ▼ 82.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €606 | - | - |
| Gross operating margin9900 | -€7,023 | -€838 | -€6,993 | -€1,942 | €2,013 | €10,450 | -€8,006 | -€5,901 | -€1,514 | ▲ 74.3% |
| Operating profit (loss)9901 | -€11,260 | -€4,729 | -€10,541 | -€5,440 | €866 | €9,209 | -€9,403 | -€7,340 | -€1,662 | ▲ 77.4% |
| Financial income75/76B | - | - | - | - | - | €148 | €186 | €53 | €11 | ▼ 79.2% |
| Recurring financial income75 | €139 | €81 | €0 | - | - | €148 | €186 | €53 | €11 | ▼ 79.2% |
| Financial charges65/66B | - | - | - | €76 | €90 | €107 | €122 | €187 | €164 | ▼ 12.5% |
| Recurring financial charges65 | €2,380 | €278 | €93 | €76 | €90 | €107 | €122 | €187 | €164 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | -€13,501 | -€4,926 | -€10,634 | -€5,516 | €776 | €9,250 | -€9,339 | -€7,474 | -€1,815 | ▲ 75.7% |
| Income taxes67/77 | €163 | €153 | €145 | €156 | €160 | €227 | €185 | €97 | - | - |
| Profit (loss) for the period9904 | -€13,664 | -€5,079 | -€10,779 | -€5,672 | €617 | €9,023 | -€9,524 | -€7,570 | -€1,815 | ▲ 76.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,664 | -€5,079 | -€10,779 | -€5,672 | €617 | €9,023 | -€9,524 | -€7,570 | -€1,815 | ▲ 76.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €312,085 | €26,900 | €12,665 | €12,666 | €15,205 | €28,542 | €13,786 | €7,022 | €4,052 | ▼ 42.3% |
| Fixed assets21/28 | €9,919 | €4,760 | €2,380 | - | - | - | €1,856 | - | - | - |
| Tangible fixed assets22/27 | €7,413 | €4,760 | €2,380 | - | - | - | €1,856 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,856 | - | - | - |
| Financial fixed assets28 | €2,505 | - | - | - | - | - | - | - | - | - |
| Current assets29/58 | €302,166 | €22,140 | €10,285 | €12,666 | €15,205 | €28,542 | €11,930 | €7,022 | €4,052 | ▼ 42.3% |
| Amounts receivable within one year40/41 | €212,573 | - | €82 | €86 | - | €257 | €696 | €180 | €230 | ▲ 27.6% |
| Other amounts receivable41 | - | - | - | €86 | - | €257 | €696 | €180 | €230 | ▲ 27.6% |
| Cash at bank and in hand54/58 | €84,802 | €21,153 | €9,247 | €12,036 | €14,631 | €27,683 | €10,610 | €6,842 | €3,823 | ▼ 44.1% |
| Deferred charges and accrued income490/1 | - | - | - | €544 | €573 | €602 | €624 | - | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €312,085 | €26,900 | €12,665 | €12,666 | €15,205 | €28,542 | €13,786 | €7,022 | €4,052 | ▼ 42.3% |
| Equity10/15 | €193,213 | -€24,471 | -€35,250 | -€40,923 | -€40,306 | -€31,283 | -€40,807 | -€48,377 | -€50,192 | ▼ 3.8% |
| Contributions10/11 | €231,205 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | = |
| Non-distributable reserves130/1 | - | - | - | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | = |
| Reserves not available under the articles1311 | - | - | - | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | €3,426 | = |
| Profit (loss) carried forward14 | -€41,419 | -€46,498 | -€57,277 | -€62,949 | -€62,333 | -€53,310 | -€62,833 | -€70,404 | -€72,219 | ▼ 2.6% |
| Amounts payable17/49 | €118,871 | €51,371 | €47,916 | €53,588 | €55,511 | €59,825 | €54,593 | €55,399 | €54,245 | ▼ 2.1% |
| Amounts payable after more than one year17 | €4,378 | €1,288 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €114,303 | €50,083 | €45,009 | €53,588 | €55,511 | €59,825 | €54,593 | €55,399 | €54,245 | ▼ 2.1% |
| Trade debts44 | €46,621 | €257 | €648 | €3,109 | €228 | €3,360 | €289 | €908 | - | - |
| Suppliers440/4 | - | - | - | €3,109 | €228 | €3,360 | €289 | €908 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,661 | €254 | €241 | €129 | €81 | - | - |
| Taxes450/3 | - | - | - | €1,661 | €254 | €241 | €129 | €81 | - | - |
| Other amounts payable47/48 | - | - | - | €48,818 | €55,029 | €56,224 | €54,175 | €54,411 | €54,245 | ▼ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,664 | -€5,079 | -€10,779 | -€5,672 | €617 | €9,023 | -€9,524 | -€7,570 | -€1,815 | ▲ 76.0% |
| + Depreciation and write-downs630 | €3,181 | €2,653 | €2,380 | €2,380 | - | - | €184 | - | - | - |
| Operating cash flow (approximation) | -€10,482 | -€2,426 | -€8,399 | -€3,292 | €617 | €9,023 | -€9,340 | -€7,570 | -€1,815 | ▲ 76.0% |
| Investment in fixed assets (approximation) | - | €2,505 | €0 | - | - | - | - | - | - | - |
| Change in cash | - | -€63,649 | -€11,906 | €2,788 | €2,596 | €13,052 | -€17,073 | -€3,768 | -€3,019 | ▲ 19.9% |
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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 07-07-2026 | micro format | 21-07-2026 | 2026-00318359 | |
| 31-12-2025 | micro format | 22-05-2026 | 2026-00119665 | |
| 31-12-2024 | micro format | 05-05-2025 | 2025-00087978 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00138077 | |
| 31-12-2022 | micro format | 10-05-2023 | 2023-00084549 | |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20039776 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22600590 | |
| 31-12-2019 | micro format | 07-08-2020 | 2020-40000246 | |
| 31-12-2018 | micro format | 24-01-2020 | 2020-02300360 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33500475 |