SHAON
Annual accounts 2025
micro format, filed on 20-07-2026, 11 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €40,362 on 31-12-2025in euro
in euro
Position in the sector
22.8%
Higher than 37% of 13,807 companies in 2025.
1.30
Higher than 40% of 13,189 companies in 2025.
-29.3%
Higher than 8% of 13,367 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
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 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
40,362 | 45,756 | 175,818 | 23,273 | 11,300 | 33,509 | 71,431 | 67,203 | 53,266 | 59,838 | 59,198 | 129,309 | 84,588 | 79,410 | 109,010 | 78,396 | 108,865 | 126,160 | 63,895 | |
21/28 |
- | - | - | - | 80 | 160 | 300 | 507 | 6,108 | 11,962 | 18,230 | 24,209 | 4,643 | 3,817 | 9,045 | 22,326 | 35,608 | 48,890 | 19,216 | |
22/27 |
- | - | - | - | 80 | 160 | 300 | 507 | 6,108 | 11,962 | 18,230 | 24,209 | 4,643 | 3,817 | 9,045 | 22,326 | 35,608 | 48,890 | 19,216 | |
23 |
- | - | - | - | 80 | 160 | 240 | 321 | 469 | 679 | 1,754 | 2,828 | 3,563 | 3,454 | - | - | - | - | - | |
24 |
- | - | - | - | - | - | 59 | 186 | 5,639 | 11,283 | 16,476 | 21,381 | 1,080 | 363 | 9,045 | 22,326 | 35,608 | 48,890 | 19,216 | |
29/58 |
40,362 | 45,756 | 175,818 | 23,273 | 11,220 | 33,349 | 71,131 | 66,696 | 47,158 | 47,876 | 40,968 | 105,100 | 79,945 | 75,594 | 99,966 | 56,070 | 73,257 | 77,270 | 44,679 | |
3 |
31,802 | 41,666 | 13,083 | 12,350 | - | 23,665 | 32,479 | 36,596 | 42,576 | 30,426 | 29,739 | 69,899 | 67,900 | 67,752 | 83,250 | 50,549 | 58,985 | 39,791 | 15,660 | |
30/36 |
31,802 | 41,666 | 13,083 | 12,350 | - | 23,665 | 32,479 | 36,596 | 42,576 | 30,426 | 29,739 | 69,899 | 67,900 | 67,752 | 83,250 | 50,549 | 58,985 | 39,791 | 15,660 | |
40/41 |
- | 1,331 | 78,271 | 1,723 | 2,746 | 1,807 | 31,964 | 27,478 | 199 | 8,304 | 3,008 | 17,145 | 1,515 | 6,229 | 6,288 | 5,207 | 11,845 | 11,016 | 27,669 | |
40 |
- | - | 69,185 | 1,000 | 1,150 | 1,000 | 31,865 | 26,509 | - | 8,044 | 3,008 | 17,145 | 1,515 | - | 934 | - | 6,173 | 4,093 | 16,749 | |
41 |
- | 1,331 | 9,086 | 723 | 1,596 | 807 | 99 | 969 | 199 | 260 | - | - | - | 6,229 | 5,354 | 5,207 | 5,672 | 6,923 | 10,920 | |
54/58 |
8,102 | 1,973 | 83,887 | 8,834 | 8,247 | 7,612 | 6,567 | 2,348 | 2,963 | 8,483 | 8,221 | 17,635 | 10,531 | 1,613 | 10,427 | 314 | 2,427 | 26,463 | 150 | |
490/1 |
458 | 786 | 577 | 366 | 227 | 264 | 121 | 275 | 1,420 | 663 | - | 421 | - | - | - | - | - | - | 1,200 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
40,362 | 45,756 | 175,818 | 23,273 | 11,300 | 33,509 | 71,431 | 67,203 | 53,266 | 59,838 | 59,198 | 129,309 | 84,588 | 79,410 | 109,010 | 78,396 | 108,865 | 126,160 | 63,895 | |
10/15 |
9,200 | 21,018 | 25,194 | -52,508 | -65,283 | -53,549 | -39,590 | -47,637 | -49,299 | -52,229 | -16,172 | 37,417 | 10,389 | 679 | -14,024 | -73,321 | -102,645 | -51,413 | -22,798 | |
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 | 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 | 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 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
3,000 | 14,818 | 18,994 | 1,860 | 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 | 1,860 | - | - | - | - | - | - | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
3,000 | 14,818 | 18,994 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | -60,568 | -73,343 | -61,609 | -47,650 | -55,697 | -57,359 | -60,289 | -24,232 | 29,357 | 2,329 | -5,521 | -20,224 | -79,521 | -108,845 | -57,613 | -28,998 | |
17/49 |
31,161 | 24,738 | 150,624 | 75,781 | 76,582 | 87,058 | 111,021 | 114,840 | 102,565 | 112,067 | 75,370 | 91,892 | 74,199 | 78,731 | 123,034 | 151,717 | 211,510 | 177,573 | 86,693 | |
17 |
- | - | - | - | - | - | - | 4,804 | 4,804 | 9,451 | 13,946 | 18,294 | - | - | 10,086 | 10,085 | 22,901 | 36,081 | 18,964 | |
170/4 |
- | - | - | - | - | - | - | 4,804 | 4,804 | 9,451 | 13,946 | 18,294 | - | - | 10,086 | 10,085 | 22,901 | 36,081 | 18,964 | |
42/48 |
31,161 | 24,738 | 149,592 | 75,781 | 76,582 | 87,058 | 111,021 | 109,878 | 97,761 | 102,272 | 61,424 | 73,376 | 74,199 | 78,153 | 112,948 | 141,632 | 188,609 | 141,492 | 67,729 | |
42 |
- | - | - | - | - | - | - | - | 4,647 | 4,495 | 4,348 | 4,206 | - | - | - | 12,816 | 15,960 | 10,035 | 4,036 | |
43 |
- | - | - | - | - | 1,086 | - | - | 208 | 940 | 3,137 | - | - | 889 | 10,576 | 13,445 | 14,119 | 117 | 14,093 | |
430/8 |
- | - | - | - | - | 1,086 | - | - | 208 | 940 | 3,137 | - | - | 889 | 10,576 | 13,445 | 14,119 | 117 | 14,093 | |
44 |
2,401 | 2,238 | 113,504 | 2,991 | 1,378 | 1,422 | 26,614 | 28,236 | 10,377 | 22,627 | 13,199 | 28,564 | 41,800 | 54,880 | 34,858 | 73,799 | 127,069 | 104,967 | 24,464 | |
440/4 |
2,401 | 2,238 | 113,504 | 2,991 | 1,378 | 1,422 | 26,614 | 28,236 | 10,377 | 22,627 | 13,199 | 28,564 | 41,800 | 54,880 | 34,858 | 73,799 | 127,069 | 104,967 | 24,464 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 16,937 | 16,937 | 16,937 | 41,917 | 15,517 | 15,517 | 10,096 | 10,096 | |
45 |
4,531 | - | 612 | - | - | 74,133 | 76,447 | 71,945 | 59,746 | 44,800 | 29,260 | 15,181 | 5,325 | 5,447 | 3,443 | 3,801 | 1,657 | 1,336 | - | |
450/3 |
4,531 | - | 612 | - | - | 2,388 | 4,702 | - | 3,418 | 6,648 | 13,786 | 12,151 | 5,325 | 5,447 | 598 | 2,299 | 203 | 755 | - | |
454/9 |
- | - | - | - | - | 71,745 | 71,745 | 71,945 | 56,327 | 38,152 | 15,475 | 3,030 | - | - | 2,845 | 1,502 | 1,454 | 581 | - | |
47/48 |
24,229 | 22,501 | 35,476 | 72,791 | 75,205 | 10,418 | 7,960 | 9,697 | 22,783 | 29,410 | 11,481 | 8,488 | 10,138 | - | 22,154 | 22,254 | 14,287 | 14,941 | 15,040 | |
492/3 |
- | - | 1,032 | - | - | - | - | 158 | - | 343 | - | 222 | - | 579 | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 4,792 | - | - | 4,525 | - | 1,657 | - | - | - | - | - | |
9900 |
-9,842 | -1,483 | 79,819 | 14,104 | -10,244 | -14,759 | 9,725 | -747 | 10,192 | -26,956 | -28,670 | 68,650 | 49,904 | 33,530 | 94,718 | 78,596 | -6,110 | 5,821 | -590 | |
62 |
- | - | - | - | - | - | 99 | 7 | 105 | - | - | - | - | 20,538 | 18,162 | 31,648 | 30,313 | 12,278 | 24,418 | |
630 |
- | - | - | 80 | 80 | 140 | 207 | 487 | 5,854 | 6,904 | 6,888 | 6,630 | 1,353 | 2,938 | 13,282 | 13,282 | 13,282 | 13,282 | 4,691 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | 10,169 | 21,376 | - | - | - | - | - | - | |
640/8 |
737 | 1,569 | 704 | 507 | 710 | 546 | 1,085 | 685 | 642 | 1,329 | 1,325 | 20,565 | 10,666 | 787 | 1,533 | 1,184 | 1,301 | 693 | 2,347 | |
9901 |
-10,579 | -3,052 | 79,115 | 13,517 | -11,034 | -15,445 | 8,334 | -1,926 | 3,591 | -35,189 | -36,884 | 31,286 | 16,509 | 9,267 | 61,741 | 32,482 | -51,006 | -20,432 | -32,046 | |
75/76B |
0 | 35 | 349 | 2 | - | 1,652 | 6 | 3,936 | 720 | 1,815 | 3,881 | 108 | 256 | 9,657 | 2,979 | 9,976 | 7,403 | 4,159 | 5,014 | |
75 |
0 | 35 | 349 | 2 | - | 1,652 | 6 | 0 | 720 | 1,815 | 3,881 | 108 | 256 | 9,657 | 2,979 | 9,976 | 7,403 | 4,159 | 5,014 | |
76B |
- | - | - | - | - | - | - | 3,936 | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,239 | 1,164 | 1,352 | 745 | 699 | 166 | 294 | 348 | 1,225 | 2,599 | 12,336 | 2,957 | 3,277 | 5,878 | 5,423 | 13,134 | 7,629 | 12,342 | 1,966 | |
65 |
1,239 | 1,164 | 1,352 | 745 | 699 | 166 | 294 | 348 | 1,225 | 2,599 | 12,336 | 2,957 | 3,277 | 5,878 | 5,423 | 13,134 | 7,629 | 12,342 | 1,966 | |
9903 |
-11,817 | -4,181 | 78,113 | 12,774 | -11,733 | -13,959 | 8,046 | 1,662 | 3,086 | -35,973 | -45,339 | 32,961 | 13,489 | 14,703 | 59,298 | 29,324 | -51,232 | -28,615 | -28,998 | |
67/77 |
- | -4 | 410 | - | - | - | - | - | 157 | 84 | 8,250 | 5,933 | 3,778 | - | - | - | - | - | - | |
9904 |
-11,817 | -4,176 | 77,703 | 12,774 | -11,733 | -13,959 | 8,046 | 1,662 | 2,930 | -36,057 | -53,589 | 27,028 | 9,710 | 14,703 | 59,298 | 29,324 | -51,232 | -28,615 | -28,998 | |
9905 |
-11,817 | -4,176 | 77,703 | 12,774 | -11,733 | -13,959 | 8,046 | 1,662 | 2,930 | -36,057 | -53,589 | 27,028 | 9,710 | 14,703 | 59,298 | 29,324 | -51,232 | -28,615 | -28,998 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-11,817 | -4,176 | 17,134 | -60,568 | -73,343 | -61,609 | -47,650 | -55,697 | -57,359 | -60,289 | -24,232 | 29,357 | 4,189 | -5,521 | -20,224 | -79,521 | -108,845 | -57,613 | -28,998 | |
14P |
- | - | -60,568 | -73,343 | -61,609 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
11,817 | 4,176 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 17,134 | - | - | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | |
6921 |
- | - | 17,134 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 0.7 | 0.6 | 0.8 | 1 | 0.7 | 0.5 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,282 | 1,067 | 1,518 | 1,908 | 922 | 1,101 | |
| Document | ||||||||||||||||||||
The notes to these accounts have 3 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 20-07-2026.
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 | 20-07-2026 | 2026-00311838 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00527099 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00216070 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00473139 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20223527 | |
| 31-12-2020 | micro format | 02-07-2021 | 2021-30700327 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63500570 | |
| 31-12-2018 | micro format | 03-12-2019 | 2019-75100580 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62200195 | |
| 31-12-2016 | micro format | 03-11-2017 | 2017-69100131 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-51000551 | |
| 31-12-2014 | abbreviated format | 08-10-2015 | 2015-64300337 | |
| 31-12-2013 | abbreviated format | 16-10-2014 | 2014-64800312 | |
| 31-12-2012 | abbreviated format | 30-12-2013 | 2013-70100277 | |
| 31-12-2011 | abbreviated format | 15-10-2012 | 2012-61100088 | |
| 31-12-2010 | abbreviated format | 16-11-2011 | 2011-61000181 | |
| 31-12-2009 | abbreviated format | 05-11-2010 | 2010-60300317 | |
| 31-12-2008 | abbreviated format | 30-12-2009 | 2009-91400300 | |
| 31-12-2007 | abbreviated format | 29-09-2008 | 2008-76000240 |
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 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | 13,597 | -10,954 | -15,306 | 8,541 | -1,439 | 9,445 | -28,285 | -29,996 | 37,916 | 17,862 | 12,204 | 75,023 | 45,764 | -37,724 | -7,150 | -27,355 | ||
| - | - | - | 12,854 | -11,653 | -13,819 | 8,253 | 2,149 | 8,784 | -29,153 | -46,701 | 33,658 | 11,063 | 17,640 | 72,580 | 42,606 | -37,950 | -15,333 | -24,307 | ||
| - | - | - | 0 | 0 | 0 | 0 | -5,114 | 0 | 636 | 909 | 26,196 | 2,179 | 4,318 | 0 | 0 | 0 | 42,956 | 23,907 | ||
| 6,129 | -81,915 | 75,054 | 587 | 635 | 1,046 | 4,219 | -615 | -5,520 | 262 | -9,414 | 7,104 | 8,917 | -8,814 | 10,113 | -2,113 | -24,036 | 26,313 | - | ||
| 9,200 | 21,018 | 26,226 | -52,508 | -65,363 | -53,710 | -39,890 | -43,181 | -50,602 | -54,396 | -20,456 | 31,724 | 5,746 | -2,559 | -12,983 | -85,562 | -115,352 | -64,222 | -23,050 | ||
| 22.8% | 45.9% | 14.3% | -225.6% | -577.7% | -159.8% | -55.4% | -70.9% | -92.6% | -87.3% | -27.3% | 28.9% | 12.3% | 0.9% | -12.9% | -93.5% | -94.3% | -40.8% | -35.7% | ||
| 1.30 | 1.85 | 1.18 | 0.31 | 0.15 | 0.38 | 0.64 | 0.61 | 0.48 | 0.47 | 0.67 | 1.43 | 1.08 | 0.97 | 0.89 | 0.40 | 0.39 | 0.55 | 0.66 | ||
| 0.27 | 0.17 | 1.09 | 0.14 | 0.15 | 0.11 | 0.35 | 0.27 | 0.05 | 0.17 | 0.18 | 0.48 | 0.16 | 0.10 | 0.15 | 0.04 | 0.08 | 0.26 | 0.43 | ||
| 3.39 | 1.18 | 5.98 | - | - | - | - | - | - | - | - | 2.46 | 7.14 | - | - | - | - | - | - | ||
| -128.4% | -19.9% | 308.4% | - | - | - | - | - | - | - | - | 72.2% | 93.5% | - | - | - | - | - | - | ||
| -29.3% | -9.1% | 44.2% | 54.9% | -103.8% | -41.7% | 11.3% | 2.5% | 5.5% | -60.3% | -90.5% | 20.9% | 11.5% | 18.5% | 54.4% | 37.4% | -47.1% | -22.7% | -45.4% | ||
| - | - | - | 18.26 | -15.67 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Insights on SHAON
The operating result for 2025 is a loss of €10,579, larger than the loss of €3,052 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 54.1% to 77.2%. Equity is lower and debt is higher.