S-TOUCH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 8 filings
Turnover
≈ €170,000
Estimated: probably between €100,000 and €310,000
Total assets
€58,698▼ 5.3%
2024 · €61,988
Net result
€25,134▲ 6.0%
2024 · €23,703
Working capital
€36,961▲ 186%
2024 · €12,916
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€34,103
▲ 3.4%
2025
20182025
Net result
€25,134
▲ 6.0%
2025
20182025
Equity
€44,854
▲ 57.4%
2025
20182025
Total assets
€58,698
▼ 5.3%
2025
20182025
Debt
€13,844
▼ 58.7%
2025
20182025
Working capital
€36,961
▲ 186%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,600-€8,542▲ 12.4%-€3,818€21,729€13,786▼ 36.6%€16,927▲ 22.8%€32,971▲ 94.8%€34,103▲ 3.4%
Net result€5,196-€5,787▲ 11.4%-€4,511€16,169€9,337▼ 42.3%€11,203▲ 20.0%€23,703▲ 112%€25,134▲ 6.0%
Equity€11,396-€17,183▲ 50.8%€12,672▼ 26.3%€28,841▲ 128%€28,766▼ 0.3%€25,969▼ 9.7%€28,496▲ 9.7%€44,854▲ 57.4%
Total assets€52,733-€41,011▼ 22.2%€58,366▲ 42.3%€76,167▲ 30.5%€71,672▼ 5.9%€58,297▼ 18.7%€61,988▲ 6.3%€58,698▼ 5.3%
Debt€41,337-€23,828▼ 42.4%€45,694▲ 91.8%€47,326▲ 3.6%€42,906▼ 9.3%€32,328▼ 24.7%€33,492▲ 3.6%€13,844▼ 58.7%
Working capital-€18,076--€5,876▲ 67.5%-€3,833▲ 34.8%€7,447€7,843▲ 5.3%€9,376▲ 19.5%€12,916▲ 37.8%€36,961▲ 186%
The operating result for 2025 is 3% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,698
Fixed assets
€7,893 ▼ 49.3%
Current assets
€50,805 ▲ 9.5%
Equity and liabilities €58,698
Equity
€44,854 ▲ 57.4%
Debt
€13,844 ▼ 58.7%
Debt's share of the balance-sheet total falls from 54.0% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,189▼
2024 · €42,722
Cash flow
€33,220▼
2024 · €33,454
Current ratio
3.67▲
2024 · 1.39
Debt to equity
0.31▼
2024 · 1.18
ROE
56.0%▼
2024 · 83.2%
ROA
42.8%▲
2024 · 38.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€13,844▼
2024 · €33,492
Income taxes
€8,757▼
2024 · €8,997
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,162 | €5,622 | €1,831 | €2,335 | €399 |
| Depreciation and write-downs of the year | €10,143 | €11,136 | €10,621 | €9,751 | €8,086 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,262 | €10,335 | €5,730 | €10,143 | €11,136 | €10,621 | €9,751 | €8,086 | ▼ 17.1% |
| Other operating charges640/8 | - | - | - | €1,132 | €833 | €1,217 | €1,054 | €931 | ▼ 11.7% |
| Gross operating margin9900 | €20,448 | €19,883 | €13,143 | €33,004 | €25,755 | €28,765 | €43,776 | €43,120 | ▼ 1.5% |
| Operating profit (loss)9901 | €7,600 | €8,542 | -€3,818 | €21,729 | €13,786 | €16,927 | €32,971 | €34,103 | ▲ 3.4% |
| Financial income75/76B | - | - | - | €41 | €222 | €303 | €1 | - | - |
| Recurring financial income75 | - | €1 | - | €41 | €222 | €303 | €1 | - | - |
| Financial charges65/66B | - | - | - | €436 | €296 | €323 | €272 | €212 | ▼ 22.1% |
| Recurring financial charges65 | €583 | €471 | €512 | €436 | €296 | €323 | €272 | €212 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €7,017 | €8,072 | -€4,330 | €21,334 | €13,712 | €16,907 | €32,700 | €33,891 | ▲ 3.6% |
| Income taxes67/77 | €1,821 | €2,285 | €181 | €5,165 | €4,375 | €5,704 | €8,997 | €8,757 | ▼ 2.7% |
| Profit (loss) for the period9904 | €5,196 | €5,787 | -€4,511 | €16,169 | €9,337 | €11,203 | €23,703 | €25,134 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €5,196 | €5,787 | -€4,511 | €16,169 | €9,337 | €11,203 | €23,703 | €25,134 | ▲ 6.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €52,733 | €41,011 | €58,366 | €76,167 | €71,672 | €58,297 | €61,988 | €58,698 | ▼ 5.3% |
| Formation expenses20 | €360 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €35,684 | €25,708 | €38,280 | €37,299 | €31,785 | €22,996 | €15,580 | €7,893 | ▼ 49.3% |
| Tangible fixed assets22/27 | €35,659 | €25,683 | €38,255 | €37,274 | €31,760 | €22,971 | €15,555 | €7,868 | ▼ 49.4% |
| Plant, machinery and equipment23 | - | - | - | €4,516 | €2,258 | €543 | €751 | €476 | ▼ 36.6% |
| Furniture and vehicles24 | - | - | - | €24,806 | €19,789 | €14,126 | €7,913 | €1,912 | ▼ 75.8% |
| Other tangible fixed assets26 | - | - | - | €7,952 | €9,713 | €8,302 | €6,891 | €5,480 | ▼ 20.5% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €16,689 | €15,303 | €20,086 | €38,868 | €39,887 | €35,301 | €46,408 | €50,805 | ▲ 9.5% |
| Amounts receivable within one year40/41 | €1,679 | €3,354 | €7,971 | €514 | €215 | €401 | €1,477 | €3,976 | ▲ 169% |
| Trade receivables40 | - | - | - | €514 | €215 | €401 | €1,477 | €3,976 | ▲ 169% |
| Cash at bank and in hand54/58 | €4,815 | €2,670 | €9,591 | €21,203 | €24,342 | €13,365 | €14,644 | €14,950 | ▲ 2.1% |
| Deferred charges and accrued income490/1 | - | - | - | €17,151 | €15,330 | €21,535 | €30,287 | €31,879 | ▲ 5.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €52,733 | €41,011 | €58,366 | €76,167 | €71,672 | €58,297 | €61,988 | €58,698 | ▼ 5.3% |
| Equity10/15 | €11,396 | €17,183 | €12,672 | €28,841 | €28,766 | €25,969 | €28,496 | €44,854 | ▲ 57.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €8,060 | €20,460 | ▲ 154% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €3,336 | €9,123 | €4,612 | €20,781 | €20,706 | €17,909 | €20,436 | €24,394 | ▲ 19.4% |
| Amounts payable17/49 | €41,337 | €23,828 | €45,694 | €47,326 | €42,906 | €32,328 | €33,492 | €13,844 | ▼ 58.7% |
| Amounts payable after more than one year17 | €6,572 | €2,649 | €21,775 | €15,905 | €10,862 | €6,403 | - | - | - |
| Financial debts170/4 | - | - | - | €15,905 | €10,862 | €6,403 | - | - | - |
| Amounts payable within one year42/48 | €34,765 | €21,179 | €23,919 | €31,421 | €32,044 | €25,925 | €33,492 | €13,844 | ▼ 58.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,056 | €6,230 | €5,372 | €4,669 | €910 | ▼ 80.5% |
| Trade debts44 | €472 | €507 | €710 | €1,770 | €1,502 | €1,149 | €140 | €310 | ▲ 121% |
| Suppliers440/4 | - | - | - | €1,770 | €1,502 | €1,149 | €140 | €310 | ▲ 121% |
| Taxes, remuneration and social security45 | - | - | - | €3,519 | €4,287 | €5,179 | €8,673 | €3,434 | ▼ 60.4% |
| Taxes450/3 | - | - | - | €1,665 | €2,287 | €5,179 | €8,673 | €3,434 | ▼ 60.4% |
| Remuneration and social security454/9 | - | - | - | €1,854 | €2,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €19,076 | €20,025 | €14,225 | €20,010 | €9,190 | ▼ 54.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,196 | €5,787 | -€4,511 | €16,169 | €9,337 | €11,203 | €23,703 | €25,134 | ▲ 6.0% |
| + Depreciation and write-downs630 | €12,262 | €10,335 | €5,730 | €10,143 | €11,136 | €10,621 | €9,751 | €8,086 | ▼ 17.1% |
| Operating cash flow (approximation) | €17,458 | €16,122 | €1,219 | €26,312 | €20,473 | €21,824 | €33,454 | €33,220 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€359 | -€18,302 | -€9,162 | -€5,622 | -€1,832 | -€2,335 | -€399 | ▲ 82.9% |
| Change in cash | - | -€2,145 | €6,921 | €11,612 | €3,139 | -€10,977 | €1,279 | €306 | ▼ 76.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as S-TOUCH has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of S-TOUCH itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for S-TOUCH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00227095 | |
| 31-12-2024 | micro format | 20-05-2026 | 2026-00115080 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00197541 | |
| 31-12-2022 | micro format | 18-07-2023 | 2023-00251974 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20217054 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62300326 | |
| 31-12-2019 | micro format | 10-08-2020 | 2020-40300088 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300028 |