R-projects
Annual accounts 2025
micro format, filed on 19-03-2026, 42 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €25,761 on 30-09-2025in euro
in euro
Position in the sector
-17.3%
Higher than 7% of 37,177 companies in 2025.
0.83
Higher than 15% of 36,472 companies in 2025.
-109.2%
Lower than 95% of 36,707 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
25,761 | 33,762 | 87,923 | 45,609 | 132,839 | 601,431 | 304,840 | 468,209 | 276,393 | 590,985 | 311,034 | 247,729 | 319,802 | 17,517 | |
21/28 |
777 | 1,556 | 1,733 | 182 | - | 4,850 | 9,573 | 15,314 | 22,145 | 4,883 | 6,749 | 7,723 | 7,200 | - | |
22/27 |
777 | 1,556 | 1,733 | 182 | - | 4,850 | 9,573 | 15,314 | 22,145 | 4,883 | 6,749 | 7,723 | 7,200 | - | |
23 |
- | - | - | - | - | 198 | 396 | 788 | 1,981 | 3,404 | 4,805 | 7,007 | 7,200 | - | |
24 |
777 | 1,556 | 1,733 | 182 | - | 4,651 | 9,176 | 14,527 | 20,164 | 1,478 | 1,943 | 716 | - | - | |
29/58 |
24,983 | 32,206 | 86,190 | 45,426 | 132,839 | 596,581 | 295,267 | 452,894 | 254,248 | 586,103 | 304,285 | 240,006 | 312,602 | 17,517 | |
3 |
20,000 | 25,000 | 49,000 | 28,500 | 40,000 | 560,000 | 230,000 | 365,000 | 197,500 | 245,455 | 286,957 | 121,957 | 287,815 | - | |
30/36 |
20,000 | 25,000 | 49,000 | 28,500 | 40,000 | 560,000 | 230,000 | 365,000 | 197,500 | 245,455 | 286,957 | 121,957 | 287,815 | - | |
40/41 |
3,668 | 5,032 | 23,693 | 4,245 | 373 | 9,153 | 19,774 | 12,584 | 3,949 | 21,901 | 10,204 | 88,128 | 17,995 | 744 | |
40 |
1,886 | 3,642 | 23,693 | 471 | 373 | 1,456 | - | - | - | 21,901 | 42 | - | - | 625 | |
41 |
1,781 | 1,390 | - | 3,774 | - | 7,697 | 19,774 | 12,584 | 3,949 | - | 10,162 | 88,128 | 17,995 | 119 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | 7,510 | - | - | |
54/58 |
836 | 1,901 | 13,224 | 12,409 | 92,466 | 27,429 | 45,079 | 75,310 | 52,800 | 318,697 | 6,858 | 22,411 | 5,211 | 16,774 | |
490/1 |
479 | 273 | 273 | 273 | - | - | 413 | - | - | 50 | 267 | - | 1,582 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
25,761 | 33,762 | 87,923 | 45,609 | 132,839 | 601,431 | 304,840 | 468,209 | 276,393 | 590,985 | 311,034 | 247,729 | 319,802 | 17,517 | |
10/15 |
-4,469 | 23,657 | 66,212 | 40,929 | 69,607 | 87,429 | 77,372 | 74,449 | 72,325 | 87,748 | 83,027 | 78,666 | 15,538 | 15,514 | |
10/11 |
20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
- | 3,197 | 45,752 | 20,469 | 49,147 | 66,969 | 58,772 | 55,849 | 53,725 | 69,148 | 64,427 | 60,066 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
133 |
- | 3,197 | 45,752 | 20,469 | 49,147 | 66,969 | 56,912 | 53,989 | 51,865 | 67,288 | 62,567 | 58,206 | - | - | |
14 |
-24,929 | - | - | - | - | - | - | - | - | - | - | - | -3,062 | -3,086 | |
17/49 |
30,229 | 10,105 | 21,711 | 4,680 | 63,232 | 514,002 | 227,467 | 393,760 | 204,068 | 503,237 | 228,007 | 169,064 | 304,265 | 2,003 | |
17 |
- | - | - | - | - | 1,882 | 6,399 | 10,916 | 15,433 | - | - | - | 294,903 | - | |
170/4 |
- | - | - | - | - | 1,882 | 6,399 | 10,916 | 15,433 | - | - | - | 240,047 | - | |
175 |
- | - | - | - | - | - | - | - | - | - | - | - | 54,857 | - | |
42/48 |
30,229 | 5,455 | 19,061 | 3,430 | 61,982 | 510,870 | 219,819 | 381,594 | 187,385 | 501,987 | 226,757 | 167,814 | 9,361 | 2,003 | |
42 |
- | - | - | - | 1,882 | 4,517 | 4,517 | 4,517 | 4,517 | - | - | - | - | - | |
43 |
117 | - | - | 12 | - | 272,426 | - | - | - | 166,305 | 60,120 | - | - | - | |
430/8 |
117 | - | - | 12 | - | 272,426 | - | - | - | 166,305 | 60,120 | - | - | - | |
44 |
4,267 | 349 | 13,373 | 2,617 | - | 26,306 | 43,987 | 15,272 | 11,933 | 36,959 | 19,305 | 34,454 | - | - | |
440/4 |
4,267 | 349 | 13,373 | 2,617 | - | 26,306 | 43,987 | 15,272 | 11,933 | 36,959 | 19,305 | 34,454 | - | - | |
46 |
- | - | - | - | - | - | - | 200,000 | - | - | - | - | - | - | |
45 |
- | 750 | 2,752 | 750 | 52,460 | 1,045 | 750 | 3,900 | 3,900 | 15,848 | 4,492 | 30,088 | - | - | |
450/3 |
- | 750 | 2,752 | 750 | 52,460 | 1,045 | 750 | 3,900 | 3,900 | 15,848 | 4,492 | 30,088 | - | - | |
47/48 |
25,846 | 4,356 | 2,936 | 50 | 7,641 | 206,577 | 170,565 | 157,905 | 167,035 | 282,876 | 142,840 | 103,272 | 9,361 | 2,003 | |
492/3 |
- | 4,650 | 2,650 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | - | - | |
| Income statement | |||||||||||||||
9900 |
-26,075 | -38,959 | 27,057 | -28,035 | -6,865 | 19,017 | 10,677 | 9,931 | 1,157 | 12,909 | 9,009 | 100,225 | 3,733 | -1,965 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 352 | |
630 |
778 | 733 | 229 | 182 | 4,850 | 4,992 | 6,026 | 6,831 | 8,631 | 3,501 | 2,956 | 2,560 | 1,800 | - | |
640/8 |
375 | 532 | 1,084 | 512 | 749 | 436 | 831 | 1,042 | 471 | 275 | 1,096 | 5,631 | 197 | 744 | |
9901 |
-27,228 | -40,223 | 25,745 | -28,729 | -12,464 | 13,589 | 3,820 | 2,059 | -7,945 | 9,133 | 4,957 | 92,034 | 1,735 | -3,061 | |
75/76B |
81 | 32 | 314 | 631 | 719 | 161 | 975 | 985 | 263 | 1,157 | 595 | 1,231 | 1,104 | 21 | |
75 |
81 | 32 | 314 | 631 | 719 | 161 | 975 | 985 | 263 | 1,157 | 595 | 1,231 | 1,104 | 21 | |
65/66B |
979 | 2,364 | 775 | 579 | 6,076 | 3,398 | 1,872 | 920 | 7,740 | 4,429 | 1,164 | 3,949 | 2,816 | 46 | |
65 |
979 | 2,364 | 775 | 579 | 6,076 | 3,398 | 1,872 | 920 | 7,740 | 4,429 | 1,164 | 3,949 | 2,816 | 46 | |
9903 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,351 | 2,923 | 2,124 | -15,423 | 5,862 | 4,388 | 89,316 | 24 | -3,086 | |
67/77 |
- | - | - | - | - | 295 | - | - | - | 1,141 | 26 | 26,189 | - | - | |
9904 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,057 | 2,923 | 2,124 | -15,423 | 4,721 | 4,362 | 63,128 | 24 | -3,086 | |
9905 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,057 | 2,923 | 2,124 | -15,423 | 4,721 | 4,362 | 63,128 | 24 | -3,086 | |
| Appropriation of the result | |||||||||||||||
9906 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,057 | 2,923 | 2,124 | -15,423 | 4,721 | 4,362 | 60,066 | -3,062 | -3,086 | |
791/2 |
3,197 | 42,555 | - | 28,678 | 17,822 | - | - | - | 15,423 | - | - | - | - | - | |
691/2 |
- | - | 25,283 | - | - | 10,057 | 2,923 | 2,124 | - | 4,721 | 4,362 | 60,066 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6921 |
- | - | 25,283 | - | - | 10,057 | 2,923 | 2,124 | - | 4,721 | 4,362 | 58,206 | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 19-03-2026 | 2026-00062046 | |
| 30-09-2024 | micro format | 23-05-2025 | 2025-00109818 | |
| 30-09-2023 | micro format | 31-05-2024 | 2024-00118802 | |
| 30-09-2022 | micro format | 30-04-2023 | 2023-00083470 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09900429 | |
| 30-09-2020 | micro format | 30-03-2021 | 2021-09400533 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10800305 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-12100523 | |
| 30-09-2017 | micro format | 31-05-2018 | 2018-15600201 | |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10600397 | |
| 30-09-2015 | abbreviated format | 29-04-2016 | 2016-11300137 | |
| 30-09-2014 | abbreviated format | 29-05-2015 | 2015-14000153 | |
| 30-09-2013 | abbreviated format | 28-05-2014 | 2014-14500531 | |
| 30-09-2012 | abbreviated format | 22-03-2013 | 2013-07300411 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -26,450 | -39,490 | 25,973 | -28,547 | -7,615 | 18,581 | 9,846 | 8,889 | 685 | 12,634 | 7,913 | 94,594 | 3,535 | - | ||
| -27,347 | -41,822 | 25,512 | -28,496 | -12,972 | 15,048 | 8,949 | 8,954 | -6,792 | 8,222 | 7,318 | 65,687 | 1,824 | - | ||
| 0 | 556 | 1,779 | 364 | 0 | 269 | 284 | 0 | 25,893 | 1,635 | 1,982 | 3,082 | 9,000 | - | ||
| -1,065 | -11,322 | 815 | -80,057 | 65,037 | -17,651 | -30,231 | 22,510 | -265,897 | 311,840 | -15,554 | 17,200 | -11,563 | - | ||
| -5,246 | 26,751 | 67,129 | 41,997 | 70,857 | 85,711 | 75,448 | 71,301 | 66,863 | 84,115 | 77,529 | 72,193 | 303,241 | 15,514 | ||
| -17.3% | 70.1% | 75.3% | 89.7% | 52.4% | 14.5% | 25.4% | 15.9% | 26.2% | 14.8% | 26.7% | 31.8% | 4.9% | 88.6% | ||
| 0.83 | 5.90 | 4.52 | 13.25 | 2.14 | 1.17 | 1.34 | 1.19 | 1.36 | 1.17 | 1.34 | 1.43 | 33.39 | 8.74 | ||
| 0.16 | 1.32 | 1.95 | 4.94 | 1.50 | 0.07 | 0.30 | 0.23 | 0.30 | 0.68 | 0.08 | 0.70 | 2.65 | 8.74 | ||
| - | 0.43 | 0.33 | 0.11 | 0.91 | 5.88 | 2.94 | 5.29 | 2.82 | 5.74 | 2.75 | 2.15 | 19.58 | 0.13 | ||
| - | -179.9% | 38.2% | -70.1% | -25.6% | 11.5% | 3.8% | 2.9% | -21.3% | 5.4% | 5.3% | 80.2% | 0.2% | -19.9% | ||
| -109.2% | -126.0% | 28.8% | -62.9% | -13.4% | 1.7% | 1.0% | 0.5% | -5.6% | 0.8% | 1.4% | 25.5% | 0.0% | -17.6% | ||
| -27.02 | -16.71 | 33.50 | -49.28 | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €556 | €1,779 | €364 |
| €778 | €733 | €229 | €182 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on R-projects
The operating result for 2025 is a loss of €27,228, smaller than the loss of €40,223 in 2024.
Equity is negative. Debt (€30,229) exceeds the balance-sheet total (€25,761).