S. PROJECTS
Annual accounts 2025
micro format, filed on 29-07-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €334,527 on 31-12-2025Position in the sector
-7.5%
Higher than 10% of 9,462 companies in 2025.
1.23
Higher than 33% of 9,210 companies in 2025.
-8.2%
Higher than 14% of 9,282 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
334,527 | |
21/28 |
42,968 | |
22/27 |
42,968 | |
23 |
13,938 | |
24 |
1,431 | |
25 |
27,598 | |
29/58 |
291,559 | |
3 |
249,481 | |
30/36 |
249,481 | |
40/41 |
41,839 | |
40 |
28,460 | |
41 |
13,379 | |
54/58 |
239 | |
| Balance sheet: equity and liabilities | ||
10/49 |
334,527 | |
10/15 |
-24,975 | |
10/11 |
2,500 | |
14 |
-27,475 | |
17/49 |
359,502 | |
17 |
122,025 | |
170/4 |
122,025 | |
42/48 |
237,477 | |
42 |
6,252 | |
43 |
204,083 | |
430/8 |
204,083 | |
44 |
16,260 | |
440/4 |
16,260 | |
45 |
117 | |
450/3 |
117 | |
47/48 |
10,765 | |
| Income statement | ||
9900 |
-13,445 | |
630 |
10,031 | |
640/8 |
483 | |
9901 |
-23,958 | |
65/66B |
3,399 | |
65 |
3,399 | |
9903 |
-27,358 | |
67/77 |
117 | |
9904 |
-27,475 | |
9905 |
-27,475 | |
| Appropriation of the result | ||
9906 |
-27,475 | |
| Document | ||
The notes to these accounts have 7 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 29-07-2026.
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 | 29-07-2026 | 2026-00383416 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -13,928 | ||
| -17,444 | ||
| 52,998 | ||
| 54,083 | ||
| -7.5% | ||
| 1.23 | ||
| 0.18 | ||
| -8.2% | ||
| -4.10 |
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 | 2025 |
|---|---|
| Tangible fixed assets | €52,998 |
| €10,031 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on S. PROJECTS
Equity is negative. Debt (€359,502) exceeds the balance-sheet total (€334,527).