SCIELO
InactiveOverview
Activity
Activity not known
Size
€52,913total assets 2025
- Equity
- €45,810
- Profit
- €3,038
Turnover not published (abbreviated or micro format)
Financial health
Inactive: no score
Structure
1 of 4 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 days early
2024
2 days early
2023
56 days early
2022
20 days early
2021
3 days early
2020
29 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- End & cessationIncorporation · Amendment of the…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€45,810▲ 7.1%
2024 · €42,772
Total assets
€52,913▼ 53.3%
2024 · €113,270
Net result
€3,038▼ 92.3%
2024 · €39,575
Working capital
€45,810▼ 50.9%
2024 · €93,279
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €2,341 after €52,160 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€2,341
2025
Net result€3,038
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€52,913
2025
Equity€45,810
2025
Debt€7,103
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€45,810
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€123,263--€21,381€83,753€36,669▼ 56.2%€100,135▲ 173%€110,574▲ 10.4%€52,160▼ 52.8%-€2,341
Net result€112,491--€32,074€74,316€30,399▼ 59.1%€95,723▲ 215%€112,271▲ 17.3%€39,575▼ 64.8%€3,038▼ 92.3%
Equity-€277,438--€309,512▼ 11.6%-€235,195▲ 24.0%-€204,797▲ 12.9%-€109,074▲ 46.7%€3,197€42,772▲ 13×€45,810▲ 7.1%
Total assets€148,310-€124,628▼ 16.0%€93,443▼ 25.0%€147,986▲ 58.4%€143,162▼ 3.3%€75,680▼ 47.1%€113,270▲ 49.7%€52,913▼ 53.3%
Debt€425,748-€434,140▲ 2.0%€328,638▼ 24.3%€352,783▲ 7.3%€252,236▼ 28.5%€72,483▼ 71.3%€70,498▼ 2.7%€7,103▼ 89.9%
Working capital€54,215-€71,072▲ 31.1%€93,443▲ 31.5%€46,697▼ 50.0%€40,416▼ 13.5%€51,079▲ 26.4%€93,279▲ 82.6%€45,810▼ 50.9%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €52,913
Equity
€45,810 ▲ 7.1%
Debt
€7,103 ▼ 89.9%
Debt's share of the balance-sheet total falls from 62.2% to 13.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€2,341▼
2024 · €53,225
Cash flow
€3,038▼
2024 · €40,640
Current ratio
7.45▲
2024 · 6.51
Debt to equity
0.16▼
2024 · 1.65
ROE
6.6%▼
2024 · 92.5%
ROA
5.7%▼
2024 · 34.9%
Debt ≤ 1 year
€7,103▼
2024 · €16,938
Debt > 1 year
€0▼
2024 · €52,000
Income taxes
€1,520▼
2024 · €11,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €47 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €144 | €1,066 | €1,066 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €480 | - | €468 | €469 | €516 | €638 | €1,191 | ▲ 86.8% |
| Gross operating margin9900 | €123,741 | -€20,901 | €84,220 | €37,136 | €100,748 | €112,156 | €53,863 | -€1,150 | - |
| Operating profit (loss)9901 | €123,263 | -€21,381 | €83,753 | €36,669 | €100,135 | €110,574 | €52,160 | -€2,341 | - |
| Financial income75/76B | - | - | - | €0 | €180 | €460 | €312 | €6,900 | ▲ 22× |
| Recurring financial income75 | - | - | - | €0 | €180 | €460 | €312 | €6,900 | ▲ 22× |
| Financial charges65/66B | - | €10,693 | - | €6,270 | €4,592 | -€1,237 | €1,590 | €0 | ▼ 100% |
| Recurring financial charges65 | €10,773 | €10,693 | €9,437 | €6,270 | €4,592 | -€1,237 | €1,590 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €112,491 | -€32,074 | €74,316 | €30,399 | €95,723 | €112,271 | €50,882 | €4,559 | ▼ 91.0% |
| Income taxes67/77 | - | - | - | - | - | - | €11,307 | €1,520 | ▼ 86.6% |
| Profit (loss) for the period9904 | €112,491 | -€32,074 | €74,316 | €30,399 | €95,723 | €112,271 | €39,575 | €3,038 | ▼ 92.3% |
| Profit (loss) for the period to be appropriated9905 | €112,491 | -€32,074 | €74,316 | €30,399 | €95,723 | €112,271 | €39,575 | €3,038 | ▼ 92.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €148,310 | €124,628 | €93,443 | €147,986 | €143,162 | €75,680 | €113,270 | €52,913 | ▼ 53.3% |
| Fixed assets21/28 | - | - | - | - | €5,184 | €4,118 | €3,053 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | - | - | €5,184 | €4,118 | €3,053 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €5,184 | €4,118 | €3,053 | €0 | ▼ 100% |
| Current assets29/58 | €148,310 | €124,628 | €93,443 | €147,986 | €137,979 | €71,562 | €110,217 | €52,913 | ▼ 52.0% |
| Amounts receivable within one year40/41 | €119,668 | €60,225 | €10,986 | €113,225 | €3,285 | €19,248 | €60,781 | €0 | ▼ 100% |
| Trade receivables40 | - | €59,502 | - | €110,715 | €0 | €15,959 | €0 | - | - |
| Other amounts receivable41 | - | €723 | - | €2,510 | €3,285 | €3,289 | €60,781 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €3,000 | €13,626 | €27,000 | €39,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €28,642 | €64,403 | €82,457 | €31,761 | €121,067 | €25,314 | €10,436 | €52,913 | ▲ 407% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €148,310 | €124,628 | €93,443 | €147,986 | €143,162 | €75,680 | €113,270 | €52,913 | ▼ 53.3% |
| Equity10/15 | -€277,438 | -€309,512 | -€235,195 | -€204,797 | -€109,074 | €3,197 | €42,772 | €45,810 | ▲ 7.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | €18,600 | - | - | - | - | - | - | - |
| Reserves13 | - | - | - | - | - | - | €24,172 | €27,210 | ▲ 12.6% |
| Distributable reserves133 | - | - | - | - | - | - | €24,172 | €27,210 | ▲ 12.6% |
| Profit (loss) carried forward14 | -€296,038 | -€328,112 | -€253,795 | -€223,397 | -€127,674 | -€15,403 | €0 | - | - |
| Amounts payable17/49 | €425,748 | €434,140 | €328,638 | €352,783 | €252,236 | €72,483 | €70,498 | €7,103 | ▼ 89.9% |
| Amounts payable after more than one year17 | €311,500 | €346,000 | €281,000 | €206,000 | €106,000 | €52,000 | €52,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €346,000 | - | €206,000 | €106,000 | €52,000 | €52,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €94,095 | €53,556 | €0 | €101,290 | €97,563 | €20,483 | €16,938 | €7,103 | ▼ 58.1% |
| Trade debts44 | €82,626 | €50,311 | €0 | €101,290 | €72,936 | €20,314 | €14,521 | €4,984 | ▼ 65.7% |
| Suppliers440/4 | - | €50,311 | - | €101,290 | €72,936 | €20,314 | €14,521 | €4,984 | ▼ 65.7% |
| Taxes, remuneration and social security45 | - | €3,245 | - | - | €24,627 | €169 | €2,417 | €1,731 | ▼ 28.4% |
| Taxes450/3 | - | €3,245 | - | - | €24,627 | €169 | €2,417 | €1,731 | ▼ 28.4% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €387 | - |
| Accrued charges and deferred income492/3 | - | €34,584 | - | €45,493 | €48,673 | €0 | €1,560 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,491 | -€32,074 | €74,316 | €30,399 | €95,723 | €112,271 | €39,575 | €3,038 | ▼ 92.3% |
| + Depreciation and write-downs630 | - | - | - | - | €144 | €1,066 | €1,066 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €112,491 | -€32,074 | €74,316 | €30,399 | €95,867 | €113,336 | €40,640 | €3,038 | ▼ 92.5% |
| Investment in fixed assets (approximation) | - | - | - | - | - | €0 | €0 | €3,053 | - |
| Change in cash | - | €35,761 | €18,054 | -€50,695 | €89,306 | -€95,753 | -€14,878 | €42,477 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00226297 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00325694 |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00116323 |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00225904 |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20249481 |
| 31-12-2020 | micro format | 02-07-2021 | 2021-29800410 |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-50000353 |
| 31-12-2018 | abbreviated format | 26-03-2019 | 2019-07800011 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-53300476 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
13-05
Gazette deed
End & cessationIncorporation · Amendment of the articles · Net-asset statement28 facts ▸
Gazette deed
End & cessation
Incorporation · Amendment of the articles · Net-asset statement28 facts ▸
- General meeting, 26-03-2026 (6 times)
- Incorporation, 01-06-2016
- Amendment of the articles
- Other provision, “meeting composition, Alle aandeelhouders en bestuurders zijn aanwezig of vertegenwoordigd” (deed in Dutch)
- Other provision, 13-01-2026
- Net-asset statement, 31-12-2025
- Auditor report, 19-03-2026
- Declaration, “debt settlement, alle schulden ten aanzien van aandeelhouders of derden zijn terugbetaald of de nodige gelden werden geconsigneerd, behoudens de schuld waarvoor…” (deed in Dutch)
- Declaration, “written agreement, bestaat een schriftelijk akkoord met een aandeelhouder tot instemming met de toepassing van de procedure als bedoeld in artikel 2:80, eerste…” (deed in Dutch)
- Declaration, “deadline exception, de wettelijke termijnen inzake het voorleggen van het verslag van het bestuursorgaan en van het controleverslag konden niet gerespecteerd wo…” (deed in Dutch)
- Other provision, “agenda item”, 2 (deed in Dutch)
- Other provision, “agenda item”, 3 (deed in Dutch)
- +16 further facts in this act
2025
29-07
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
05-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Liquidity more than doubledcurrent ratio 3.49
Current ratio from 1.41 to 3.49; short-term debt falls from €97,563 to €20,483.
11-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
28-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
02-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Back to profitnet €74,316
Net result €74,316 after one loss-making year.
28-08
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€32,074
Net result drops to -€32,074, the lowest in the series.
26-03
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
30-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Sint-Niklaas
Ground area
9,723 m²
Building footprint
352 m²
Building volume
2,288 m³
Parcel 46002C0507/00W000, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46002C0507/00W000 | Flanders | 9,723 m² | 1 · 352 m² | 9.8 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 13-05-2026
Read from the deeds: 1 provision, deed of 13-05-2026