SCOPE
InactiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412221.
Turnover
≈ €760,000
Estimated: probably between €460,000 and €1.3m
Total assets
€390,478▼ 7.3%
2024 · €421,219
Net result
€67,687▲ 9.9%
2024 · €61,576
Working capital
€196,682▲ 55.9%
2024 · €126,195
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 8% above 2024 and is the highest 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€96,911
2025
Net result€67,687
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€390,478
2025
Equity€212,602
2025
Debt€177,876
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€196,682
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2
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€17,333-€4,825▼ 72.2%€8,284▲ 71.7%€32,062▲ 287%€55,928▲ 74.4%€62,779▲ 12.2%€90,025▲ 43.4%€96,911▲ 7.6%
Net result€7,818-€1,424▼ 81.8%€306▼ 78.5%€18,417▲ 60×€5,559▼ 69.8%€43,339▲ 680%€61,576▲ 42.1%€67,687▲ 9.9%
Equity€219,774-€221,199▲ 0.6%€221,505▲ 0.1%€231,922▲ 4.7%€237,481▲ 2.4%€83,339▼ 64.9%€144,915▲ 73.9%€212,602▲ 46.7%
Total assets€302,490-€442,544▲ 46.3%€448,176▲ 1.3%€438,637▼ 2.1%€331,109▼ 24.5%€296,749▼ 10.4%€421,219▲ 41.9%€390,478▼ 7.3%
Debt€82,715-€221,345▲ 168%€226,671▲ 2.4%€206,715▼ 8.8%€93,628▼ 54.7%€213,410▲ 128%€276,304▲ 29.5%€177,876▼ 35.6%
Working capital€211,810-€187,144▼ 11.6%€175,686▼ 6.1%€199,718▲ 13.7%€212,816▲ 6.6%€61,819▼ 71.0%€126,195▲ 104%€196,682▲ 55.9%
Staff (FTE)3-3.9▲ 30.0%2.6▼ 33.3%2▼ 23.1%2=2=2=2=
Turnover and EBIT margin not published: the abbreviated 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 €390,478
Fixed assets
€15,920 ▼ 15.0%
Current assets
€374,558 ▼ 6.9%
Equity and liabilities €390,478
Equity
€212,602 ▲ 46.7%
Debt
€177,876 ▼ 35.6%
Debt's share of the balance-sheet total falls from 65.6% to 45.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99,711▲
2024 · €92,825
Cash flow
€70,487▲
2024 · €64,376
Current ratio
2.11▲
2024 · 1.46
Debt to equity
0.84▼
2024 · 1.91
ROE
31.8%▼
2024 · 42.5%
ROA
17.3%▲
2024 · 14.6%
Interest coverage
33.52▲
2024 · 28.49
Debt ≤ 1 year
€177,876▼
2024 · €276,304
Income taxes
€26,250▲
2024 · €25,192
Staff costs
€222,710▲
2024 · €216,258
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €181,601 | €188,396 | €219,350 | €216,258 | €222,710 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,368 | €22,831 | €20,392 | €25,644 | €5,597 | €3,145 | €2,800 | €2,800 | = |
| Other operating charges640/8 | - | - | - | €2,093 | €1,772 | €1,412 | €1,192 | €1,226 | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | - | - | €1,762 | €0 | - | - | - |
| Gross operating margin9900 | €251,955 | €339,853 | €283,414 | €241,400 | €253,455 | €286,685 | €310,275 | €323,647 | ▲ 4.3% |
| Operating profit (loss)9901 | €17,333 | €4,825 | €8,284 | €32,062 | €55,928 | €62,779 | €90,025 | €96,911 | ▲ 7.6% |
| Financial income75/76B | - | - | - | - | - | - | €0 | €0 | = |
| Recurring financial income75 | €94 | €0 | - | - | - | - | €0 | €0 | = |
| Financial charges65/66B | - | - | - | €1,364 | €32,861 | €1,895 | €3,258 | €2,974 | ▼ 8.7% |
| Recurring financial charges65 | €1,248 | €1,135 | €1,809 | €1,364 | €32,861 | €1,895 | €3,258 | €2,974 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €16,178 | €3,690 | €6,474 | €30,698 | €23,068 | €60,884 | €86,768 | €93,937 | ▲ 8.3% |
| Income taxes67/77 | €8,361 | €2,266 | €6,168 | €12,281 | €17,509 | €17,545 | €25,192 | €26,250 | ▲ 4.2% |
| Profit (loss) for the period9904 | €7,818 | €1,424 | €306 | €18,417 | €5,559 | €43,339 | €61,576 | €67,687 | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | €7,818 | €1,424 | €306 | €18,417 | €5,559 | €43,339 | €61,576 | €67,687 | ▲ 9.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €302,490 | €442,544 | €448,176 | €438,637 | €331,109 | €296,749 | €421,219 | €390,478 | ▼ 7.3% |
| Fixed assets21/28 | €22,616 | €44,645 | €52,254 | €32,204 | €24,665 | €21,520 | €18,720 | €15,920 | ▼ 15.0% |
| Intangible fixed assets21 | - | - | €28,000 | €25,200 | €22,400 | €19,600 | €16,800 | €14,000 | ▼ 16.7% |
| Tangible fixed assets22/27 | €17,886 | €44,645 | €24,254 | €7,004 | €345 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €3,142 | €345 | €0 | - | - | - |
| Leasing and similar rights25 | - | - | - | €3,862 | €0 | - | - | - | - |
| Financial fixed assets28 | €4,730 | €0 | - | - | €1,920 | €1,920 | €1,920 | €1,920 | = |
| Current assets29/58 | €279,873 | €397,898 | €395,923 | €406,433 | €306,444 | €275,229 | €402,499 | €374,558 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €196,975 | €298,861 | €294,750 | €222,862 | €230,320 | €108,011 | €93,306 | €157,680 | ▲ 69.0% |
| Trade receivables40 | - | - | - | €172,862 | €172,274 | €108,011 | €93,306 | €97,680 | ▲ 4.7% |
| Other amounts receivable41 | - | - | - | €50,000 | €58,046 | €0 | - | €60,000 | - |
| Cash at bank and in hand54/58 | €78,981 | €96,545 | €98,249 | €182,435 | €74,549 | €166,235 | €307,345 | €215,266 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,136 | €1,575 | €983 | €1,848 | €1,613 | ▼ 12.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €302,490 | €442,544 | €448,176 | €438,637 | €331,109 | €296,749 | €421,219 | €390,478 | ▼ 7.3% |
| Equity10/15 | €219,774 | €221,199 | €221,505 | €231,922 | €237,481 | €83,339 | €144,915 | €212,602 | ▲ 46.7% |
| Contributions10/11 | €40,000 | €40,000 | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €107,888 | €107,888 | €107,888 | €107,888 | €107,888 | €0 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - | - |
| Other1319 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €107,888 | €107,888 | €0 | - | - | - |
| Profit (loss) carried forward14 | €71,886 | €73,310 | €73,617 | €84,033 | €89,592 | €43,339 | €104,915 | €172,602 | ▲ 64.5% |
| Amounts payable17/49 | €82,715 | €221,345 | €226,671 | €206,715 | €93,628 | €213,410 | €276,304 | €177,876 | ▼ 35.6% |
| Amounts payable after more than one year17 | €14,652 | €10,591 | €6,434 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €68,064 | €210,754 | €220,237 | €206,715 | €93,628 | €213,410 | €276,304 | €177,876 | ▼ 35.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,434 | €0 | - | €3,383 | €3,370 | ▼ 0.4% |
| Trade debts44 | €29,546 | €143,918 | €183,973 | €137,428 | €16,176 | €68,909 | €74,224 | €104,778 | ▲ 41.2% |
| Suppliers440/4 | - | - | - | €137,428 | €16,176 | €68,909 | €74,224 | €104,778 | ▲ 41.2% |
| Taxes, remuneration and social security45 | - | - | - | €54,853 | €77,452 | €53,577 | €51,217 | €69,729 | ▲ 36.1% |
| Taxes450/3 | - | - | - | €24,235 | €55,515 | €29,220 | €26,499 | €39,883 | ▲ 50.5% |
| Remuneration and social security454/9 | - | - | - | €30,618 | €21,937 | €24,358 | €24,717 | €29,846 | ▲ 20.8% |
| Other amounts payable47/48 | - | - | - | €8,000 | €0 | €90,923 | €147,481 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,818 | €1,424 | €306 | €18,417 | €5,559 | €43,339 | €61,576 | €67,687 | ▲ 9.9% |
| + Depreciation and write-downs630 | €9,368 | €22,831 | €20,392 | €25,644 | €5,597 | €3,145 | €2,800 | €2,800 | = |
| Operating cash flow (approximation) | €17,186 | €24,255 | €20,698 | €44,061 | €11,156 | €46,484 | €64,376 | €70,487 | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | -€44,860 | -€28,000 | -€5,594 | €1,942 | €0 | €0 | €0 | - |
| Change in cash | - | €17,564 | €1,705 | €84,186 | -€107,886 | €91,686 | €141,110 | -€92,079 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-08-2026 | 2026-00412221 |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00268310 |
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00117160 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00177056 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20104127 |
| 31-12-2020 | abbreviated format | 10-08-2021 | 2021-47100271 |
| 31-12-2019 | abbreviated format | 11-06-2020 | 2020-15600330 |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-24500528 |
| 31-12-2017 | abbreviated format | 08-06-2018 | 2018-17100324 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-58800506 |
Public contracts
1 award · 2024
Raamovereenkomsten voor het verlenen van diensten met betrekking tot consultancy, audit en opleidingen in het kader van safety en security: 2023/HFB/OP/115846 - 2
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.