Satisfying Structures
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €9,900. Estimated: probably between €5,300 and €19,000.
Balance sheet
balance sheet total €24,742 on 31-12-2025in euro
in euro
Position in the sector
-20.5%
Higher than 6% of 21,208 companies in 2025.
0.84
Higher than 12% of 20,571 companies in 2025.
0.2%
Higher than 17% of 20,746 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 |
24,742 | 20,342 | 19,776 | 19,400 | 17,359 | 21,745 | 7,740 | 15,479 | 19,704 | 10,419 | 10,229 | 27,425 | 4,245 | 206 | |
21/28 |
172 | 921 | 1,811 | 1,641 | 910 | 1,511 | - | - | - | - | - | 534 | 1,439 | - | |
22/27 |
172 | 921 | 1,811 | 1,641 | 910 | 1,511 | - | - | - | - | - | 534 | 1,439 | - | |
23 |
172 | 921 | 1,811 | 1,641 | 910 | 1,511 | - | - | - | - | - | - | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | - | 534 | 1,439 | - | |
29/58 |
24,570 | 19,421 | 17,965 | 17,759 | 16,449 | 20,234 | 7,740 | 15,479 | 19,704 | 10,419 | 10,229 | 26,891 | 2,807 | 206 | |
40/41 |
722 | 1,075 | 284 | 180 | 81 | 1,398 | 6,836 | 14,092 | 12,125 | 9,102 | 8,242 | 11,416 | 179 | 69 | |
40 |
685 | 317 | 68 | 180 | 81 | 1,271 | 6,836 | 3,128 | 10,719 | 7,102 | 5,471 | 9,051 | - | - | |
41 |
37 | 758 | 217 | - | - | 126 | - | 10,964 | 1,406 | 2,000 | 2,771 | 2,365 | 179 | 69 | |
54/58 |
23,347 | 17,841 | 17,171 | 17,039 | 15,718 | 18,203 | 905 | 1,388 | 7,579 | 1,318 | 1,987 | 15,475 | 2,628 | 137 | |
490/1 |
501 | 505 | 510 | 540 | 650 | 634 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
24,742 | 20,342 | 19,776 | 19,400 | 17,359 | 21,745 | 7,740 | 15,479 | 19,704 | 10,419 | 10,229 | 27,425 | 4,245 | 206 | |
10/15 |
-5,067 | -5,109 | -5,282 | -5,894 | -5,102 | 20,529 | 6,643 | 15,279 | 15,786 | 8,018 | 10,229 | 14,866 | -5,242 | -724 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
-11,267 | -11,309 | -11,482 | -13,954 | -13,162 | 12,469 | -1,417 | 7,219 | 7,726 | -42 | 2,169 | 6,806 | -11,442 | -6,924 | |
17/49 |
29,810 | 25,452 | 25,058 | 25,294 | 22,461 | 1,216 | 1,098 | 200 | 3,918 | 2,401 | - | 12,559 | 9,487 | 929 | |
42/48 |
29,190 | 24,852 | 24,458 | 25,294 | 22,461 | 1,216 | 1,098 | 200 | 3,918 | 2,401 | - | 12,559 | 9,487 | 929 | |
44 |
15 | - | 163 | 310 | 112 | - | 139 | 129 | 94 | 122 | - | 102 | 2,358 | - | |
440/4 |
15 | - | 163 | 310 | 112 | - | 139 | 129 | 94 | 122 | - | 102 | 2,358 | - | |
45 |
1,367 | 661 | 1,227 | 1,043 | 857 | 1,216 | 959 | 72 | 3,574 | 2,279 | - | 3,858 | - | - | |
450/3 |
1,367 | 661 | 1,227 | 1,043 | 857 | 1,216 | 959 | 72 | 3,574 | 2,279 | - | 3,858 | - | - | |
47/48 |
27,807 | 24,190 | 23,068 | 23,941 | 21,492 | - | - | - | 250 | - | - | 8,599 | 7,129 | 929 | |
492/3 |
620 | 600 | 600 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
76A |
- | - | - | - | - | 26 | - | - | - | - | - | - | - | - | |
9900 |
1,825 | 2,211 | 2,390 | 713 | -24,268 | 15,919 | -8,060 | 96 | 15,281 | -1,361 | -3,462 | 24,512 | -3,414 | -6,635 | |
630 |
750 | 889 | 1,028 | 740 | 600 | 290 | - | - | - | - | 534 | 627 | 719 | - | |
640/8 |
520 | 539 | 493 | 450 | 449 | 448 | 446 | 444 | 7,138 | 640 | 641 | 719 | 290 | 256 | |
66A |
- | 306 | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
556 | 476 | 869 | -476 | -25,317 | 15,182 | -8,506 | -347 | 8,143 | -2,000 | -4,637 | 23,166 | -4,424 | -6,891 | |
75/76B |
2 | 1 | 0 | - | - | 26 | - | - | 1 | 0 | - | 0 | - | - | |
75 |
2 | 1 | 0 | - | - | - | - | - | 1 | 0 | - | 0 | - | - | |
76B |
- | - | - | - | - | 26 | - | - | - | - | - | - | - | - | |
65/66B |
506 | 304 | 257 | 316 | 314 | 146 | 130 | 160 | 78 | 211 | 0 | 173 | 95 | 33 | |
65 |
506 | 304 | 257 | 316 | 314 | 146 | 130 | 160 | 78 | 211 | 0 | 173 | 95 | 33 | |
9903 |
51 | 173 | 612 | -792 | -25,631 | 15,062 | -8,636 | -507 | 8,066 | -2,211 | -4,637 | 22,993 | -4,519 | -6,924 | |
67/77 |
9 | - | - | - | - | 1,176 | - | - | 298 | - | - | 2,885 | - | - | |
9904 |
42 | 173 | 612 | -792 | -25,631 | 13,886 | -8,636 | -507 | 7,768 | -2,211 | -4,637 | 20,108 | -4,519 | -6,924 | |
9905 |
42 | 173 | 612 | -792 | -25,631 | 13,886 | -8,636 | -507 | 7,768 | -2,211 | -4,637 | 20,108 | -4,519 | -6,924 | |
| Appropriation of the result | |||||||||||||||
9906 |
-11,267 | -11,309 | -13,342 | -13,954 | -13,162 | 12,469 | -1,417 | 7,219 | 7,726 | -42 | 2,169 | 8,666 | -11,442 | -6,924 | |
14P |
-11,309 | -11,482 | -13,954 | -13,162 | 12,469 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
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 | 29-06-2026 | 2026-00209683 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00210802 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00272577 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00422972 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20101060 | |
| 31-12-2020 | abbreviated format | 09-07-2021 | 2021-33400311 | |
| 31-12-2019 | abbreviated format | 03-07-2020 | 2020-25800090 | |
| 31-12-2018 | abbreviated format | 03-07-2019 | 2019-29500453 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-36100281 | |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-27100064 | |
| 31-12-2015 | abbreviated format | 22-07-2016 | 2016-34600458 | |
| 31-12-2014 | abbreviated format | 08-07-2015 | 2015-28500596 | |
| 31-12-2013 | abbreviated format | 08-07-2014 | 2014-28200018 | |
| 31-12-2012 | abbreviated format | 04-07-2013 | 2013-27400174 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,305 | 1,366 | 1,896 | 264 | -24,716 | 15,472 | - | - | - | - | -4,103 | 23,793 | -3,704 | - | ||
| 792 | 1,062 | 1,639 | -53 | -25,030 | 14,176 | - | - | - | - | -4,103 | 20,735 | -3,799 | - | ||
| 0 | 0 | 1,198 | 1,470 | 0 | 1,801 | - | - | - | - | 0 | -278 | 2,158 | - | ||
| 5,506 | 670 | 132 | 1,321 | -2,485 | 17,298 | -483 | -6,192 | 6,262 | -669 | -13,489 | 12,848 | 2,491 | - | ||
| -4,619 | -5,431 | -6,493 | -7,535 | -6,012 | 19,018 | 6,643 | 15,279 | 15,786 | 8,018 | - | 14,332 | -6,681 | -724 | ||
| -20.5% | -25.1% | -26.7% | -30.4% | -29.4% | 94.4% | 85.8% | 98.7% | 80.1% | 77.0% | 100.0% | 54.2% | - | - | ||
| 0.84 | 0.78 | 0.73 | 0.70 | 0.73 | 16.64 | 7.05 | 77.28 | 5.03 | 4.34 | - | 2.14 | - | - | ||
| - | - | - | - | - | 0.06 | 0.17 | 0.01 | 0.25 | 0.30 | - | 0.84 | - | - | ||
| - | - | - | - | - | 67.6% | -130.0% | -3.3% | 49.2% | -27.6% | -45.3% | 135.3% | - | - | ||
| 0.2% | 0.9% | 3.1% | -4.1% | -147.6% | 63.9% | -111.6% | -3.3% | 39.4% | -21.2% | -45.3% | 73.3% | - | - | ||
| 2.58 | 4.49 | 7.37 | 0.83 | -78.69 | - | - | - | - | - | - | - | - | - |
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 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,198 | €1,470 | - |
| €750 | €889 | €1,028 | €740 | €600 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Satisfying Structures
The operating result for 2025 is 17% higher than in 2024. It is a recovery after the fall in 2024.
Equity is negative. Debt (€29,810) exceeds the balance-sheet total (€24,742).