Release
Annual accounts 2025
micro format, filed on 21-05-2026, 71 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €160,000 and €430,000.
Balance sheet
balance sheet total €1.0m on 31-12-2025in euro
in euro
Position in the sector
11.0%
Higher than 36% of 3,155 companies in 2025.
0.10
Higher than 8% of 3,032 companies in 2025.
1.8%
Higher than 47% of 3,060 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 202318 months | 2022 | 202114 months |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
1.0m | 1.1m | 1.1m | 2,450 | 3,537 | |
20 |
- | - | 0 | 1,418 | 3,103 | |
21/28 |
994,572 | 1.0m | 1.0m | - | - | |
22/27 |
489,572 | 509,598 | 529,624 | - | - | |
22 |
488,193 | 507,624 | 527,055 | - | - | |
23 |
1,379 | 1,974 | 2,569 | - | - | |
28 |
505,000 | 500,000 | 500,000 | - | - | |
29/58 |
29,904 | 74,704 | 99,283 | 1,033 | 434 | |
40/41 |
13,525 | 8,214 | 85,973 | 599 | - | |
40 |
5,437 | 6,904 | 2,403 | 599 | - | |
41 |
8,088 | 1,310 | 83,571 | - | - | |
54/58 |
3,070 | 59,555 | 0 | 434 | 434 | |
490/1 |
13,310 | 6,935 | 13,310 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
1.0m | 1.1m | 1.1m | 2,450 | 3,537 | |
10/15 |
112,887 | 94,113 | -23,451 | -1,452 | 1,566 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
107,887 | 89,113 | - | - | - | |
133 |
107,887 | 89,113 | - | - | - | |
14 |
- | 0 | -28,451 | -6,452 | -3,434 | |
17/49 |
911,589 | 990,189 | 1.2m | 3,902 | 1,971 | |
17 |
616,159 | 700,751 | 784,157 | - | - | |
170/4 |
361,159 | 385,751 | 409,157 | - | - | |
178/9 |
255,000 | 315,000 | 375,000 | - | - | |
42/48 |
290,396 | 289,437 | 367,752 | 3,902 | 1,971 | |
42 |
84,593 | 83,405 | 82,218 | - | - | |
44 |
6,457 | 4,327 | 3,847 | - | 1,212 | |
440/4 |
6,457 | 4,327 | 3,847 | - | 1,212 | |
45 |
18,990 | 9,038 | 0 | 460 | 460 | |
450/3 |
18,990 | 9,038 | 0 | 460 | 460 | |
47/48 |
180,356 | 192,667 | 281,687 | 3,442 | 299 | |
492/3 |
5,035 | 0 | 450 | - | - | |
| Income statement | ||||||
9900 |
82,794 | 63,631 | 51,508 | -637 | -1,073 | |
630 |
20,026 | 20,026 | 24,768 | 1,686 | 1,954 | |
640/8 |
6,830 | 12,140 | 21,878 | 695 | 390 | |
9901 |
55,939 | 31,465 | 4,862 | -3,018 | -3,416 | |
75/76B |
115 | 116,552 | 175 | - | - | |
75 |
115 | 116,552 | 175 | - | - | |
65/66B |
27,537 | 21,541 | 27,036 | - | 18 | |
65 |
27,537 | 21,541 | 27,036 | - | 18 | |
9903 |
28,517 | 126,476 | -22,000 | -3,018 | -3,434 | |
67/77 |
9,743 | 8,911 | - | - | - | |
9904 |
18,774 | 117,564 | -22,000 | -3,018 | -3,434 | |
9905 |
18,774 | 117,564 | -22,000 | -3,018 | -3,434 | |
| Appropriation of the result | ||||||
9906 |
18,774 | 89,113 | -28,451 | -6,452 | -3,434 | |
14P |
0 | -28,451 | -6,452 | -3,434 | - | |
691/2 |
18,774 | 89,113 | - | - | - | |
6921 |
18,774 | 89,113 | - | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00116745 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00430347 | |
| 31-12-2023 | micro format | 20-09-2024 | 2024-00466386 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00011001 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03800498 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 202318 months | 2022 | 202114 months |
|---|---|---|---|---|---|---|
| 75,965 | 51,491 | 29,630 | -1,332 | -1,462 | ||
| 38,800 | 137,590 | 2,768 | -1,332 | -1,480 | ||
| 5,000 | 0 | 1.1m | 0 | - | ||
| -56,486 | 59,555 | -434 | 0 | - | ||
| -260,492 | -214,734 | -268,469 | -2,869 | -1,537 | ||
| 11.0% | 8.7% | -2.1% | - | - | ||
| 0.10 | 0.26 | 0.27 | - | - | ||
| 8.08 | 10.52 | - | - | - | ||
| 16.6% | 124.9% | - | - | - | ||
| 1.8% | 10.8% | -1.9% | - | - | ||
| 2.76 | 2.39 | 1.10 | - | - |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | - | €465,000 | €465,000 | - |
| Carrying value of the mortgaged assets | - | €507,624 | €527,055 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €552,974 | - |
| Financial fixed assets | €5,000 | - | €500,000 | - |
| €20,026 | €20,026 | €24,768 | €1,686 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Release
The operating result for 2025 is 78% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total falls from 91.3% to 89.0%. Equity is higher and debt is lower.