S&E
Annual accounts 2025
micro format, filed on 02-07-2026, 29 days before the deadlineAmounts without an identifiable currency are taken as euros.
Money flows
of every €100 of turnover, €7.91 remains as profit in 2025Balance sheet
balance sheet total €50,996 on 31-12-2025in euro
in euro
Position in the sector
10.5%
Higher than 14% of 35,125 companies in 2025.
0.95
Higher than 19% of 34,499 companies in 2025.
24.4%
Higher than 82% of 34,700 companies in 2025.
Net result: middle half · 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 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
50,996 | 24,283 | 29,424 | |
21/28 |
7,609 | - | - | |
22/27 |
7,609 | - | - | |
24 |
7,609 | - | - | |
29/58 |
43,387 | 24,283 | 29,424 | |
40/41 |
17,833 | 23,462 | 28,932 | |
40 |
16,300 | 22,500 | 28,395 | |
41 |
1,533 | 962 | 537 | |
54/58 |
25,554 | 822 | 491 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
50,996 | 24,283 | 29,424 | |
10/15 |
5,356 | -7,099 | 10,406 | |
10/11 |
4,000 | 4,000 | 4,000 | |
14 |
1,356 | -11,099 | 6,406 | |
17/49 |
45,640 | 31,383 | 19,017 | |
42/48 |
45,640 | 31,383 | 19,017 | |
44 |
3,705 | 2,397 | 2,143 | |
440/4 |
3,705 | 2,397 | 2,143 | |
45 |
32,667 | 27,202 | 16,002 | |
450/3 |
1,701 | 1,602 | 1,602 | |
454/9 |
30,966 | 25,600 | 14,400 | |
47/48 |
9,268 | 1,784 | 872 | |
| Income statement | ||||
70 |
157,385 | 94,490 | - | |
9900 |
33,396 | -16,911 | 8,404 | |
60/61 |
142,339 | 128,680 | - | |
62 |
18,628 | - | - | |
630 |
891 | - | - | |
640/8 |
927 | 62 | 384 | |
9901 |
12,950 | -16,973 | 8,020 | |
75/76B |
- | 13 | - | |
75 |
- | 13 | - | |
65/66B |
395 | 546 | 12 | |
65 |
395 | 546 | 12 | |
9903 |
12,555 | -17,506 | 8,008 | |
67/77 |
99 | - | 1,602 | |
9904 |
12,456 | -17,506 | 6,406 | |
9905 |
12,456 | -17,506 | 6,406 | |
| Appropriation of the result | ||||
9906 |
1,356 | -11,099 | 6,406 | |
14P |
-11,099 | 6,406 | - | |
| Document | ||||
The notes to these accounts have 5 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 02-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 13,841 | - | - | ||
| 13,346 | - | - | ||
| 8,500 | - | - | ||
| 24,732 | 330 | - | ||
| -2,253 | -7,099 | 10,406 | ||
| 8.2% | -18.0% | - | ||
| 10.5% | -29.2% | 35.4% | ||
| 0.95 | 0.77 | 1.55 | ||
| 8.52 | - | 1.83 | ||
| 232.5% | - | 61.6% | ||
| 24.4% | -72.1% | 21.8% | ||
| 35.00 | - | - | ||
| 38 days | 87 days | - | ||
| 10 days | 7 days | - |
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 | €8,500 | - | - |
| €891 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on S&E
The operating result for 2025 is a profit of €12,950, after a loss of €16,973 in 2024. It is the highest result since 2023.
Debt's share of the balance-sheet total is 89.5%.