SPC
Annual accounts 2025
micro format, filed on 13-07-2026, 18 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €69,000 and €160,000.
Balance sheet
balance sheet total €54,894 on 31-12-2025in euro
in euro
Position in the sector
64.9%
Higher than 59% of 39,376 companies in 2025.
2.69
Higher than 59% of 38,058 companies in 2025.
23.3%
Higher than 63% of 38,530 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
54,894 | 56,477 | 40,059 | 18,678 | 19,429 | 7,178 | 4,999 | 72,192 | 84,716 | 104,447 | 81,654 | 92,071 | 111,033 | 92,812 | 70,580 | 47,427 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | 30 | 395 | 760 | 1,125 | 1,490 | |
21/28 |
3,027 | 0 | 150 | 244 | 0 | 354 | 708 | - | 110 | 6,446 | 1,683 | 3,136 | 4,179 | 5,409 | 6,605 | 13,725 | |
22/27 |
3,027 | - | 0 | 244 | 0 | 354 | 708 | - | 110 | 6,446 | 1,683 | 3,106 | 3,784 | 4,649 | 5,480 | 12,235 | |
23 |
1,615 | - | - | - | - | - | - | - | - | 652 | 800 | 962 | 1,283 | 1,055 | 1,530 | 2,130 | |
24 |
1,412 | - | 0 | 244 | 0 | 354 | 708 | - | 110 | 5,794 | 882 | 2,144 | 2,501 | 3,594 | 3,950 | 10,105 | |
28 |
- | 0 | 150 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
51,867 | 56,477 | 39,909 | 18,434 | 19,429 | 6,824 | 4,291 | 72,192 | 84,606 | 98,001 | 79,971 | 88,935 | 106,854 | 87,403 | 63,975 | 33,703 | |
40/41 |
17,349 | 26,195 | 18,510 | 14,368 | 14,365 | 2,901 | 4,130 | 72,153 | 81,454 | 93,480 | 79,174 | 70,433 | 99,081 | 77,333 | 43,672 | 28,921 | |
40 |
10,060 | 23,173 | 17,975 | 13,545 | 13,279 | 1,704 | 2,147 | 70,696 | 78,760 | 91,894 | 31,044 | 423 | 21,284 | 33,383 | 26,563 | 21,408 | |
41 |
7,289 | 3,022 | 535 | 823 | 1,086 | 1,197 | 1,982 | 1,457 | 2,693 | 1,586 | 48,130 | 70,010 | 77,797 | 43,950 | 17,109 | 7,512 | |
54/58 |
31,463 | 24,642 | 17,055 | 89 | 24 | 20 | 44 | 24 | 3 | 21 | 334 | 182 | 2,802 | 10,070 | 17,451 | 3,613 | |
490/1 |
3,055 | 5,640 | 4,344 | 3,977 | 5,040 | 3,903 | 117 | 15 | 3,149 | 4,500 | 463 | 18,320 | 4,971 | - | 2,852 | 1,168 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
54,894 | 56,477 | 40,059 | 18,678 | 19,429 | 7,178 | 4,999 | 72,192 | 84,716 | 104,447 | 81,654 | 92,071 | 111,033 | 92,812 | 70,580 | 47,427 | |
10/15 |
35,604 | 23,327 | 5,610 | -32,117 | -33,776 | -49,492 | -61,955 | 3,168 | 6,408 | -8,795 | 7,100 | 54,359 | 53,957 | 48,986 | 33,924 | 23,522 | |
10/11 |
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 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 1,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
11,860 | 11,860 | 11,860 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | |
14 |
5,144 | -7,134 | -24,850 | -62,577 | -64,236 | -79,952 | -92,415 | -27,292 | -24,052 | -39,255 | -23,360 | 23,899 | 23,497 | 18,526 | 3,464 | 3,062 | |
17/49 |
19,290 | 33,150 | 34,449 | 50,795 | 53,204 | 56,670 | 66,955 | 69,024 | 78,307 | 113,242 | 74,554 | 37,712 | 57,076 | 43,826 | 36,656 | 23,905 | |
17 |
- | - | 0 | 18,550 | 18,550 | 18,550 | 18,550 | 26,550 | 27,050 | 19,000 | - | - | - | - | - | - | |
170/4 |
- | - | 0 | 18,550 | 18,550 | 18,550 | 18,550 | 26,550 | 27,050 | 19,000 | - | - | - | - | - | - | |
42/48 |
19,290 | 32,300 | 34,449 | 32,245 | 34,654 | 38,120 | 48,021 | 42,474 | 49,757 | 93,997 | 53,754 | 36,907 | 57,076 | 33,826 | 22,236 | 23,905 | |
43 |
5,341 | 4,411 | 0 | 13,521 | 18,937 | 19,820 | 19,232 | 19,261 | 22,216 | 21,196 | 22,113 | 25,212 | 19,985 | 9,843 | - | - | |
430/8 |
1,976 | 1,876 | 0 | 13,521 | 18,937 | 19,820 | 19,232 | 19,261 | 22,216 | 21,196 | 22,113 | 25,212 | 19,985 | 9,843 | - | - | |
439 |
3,365 | 2,535 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,273 | 4,802 | 3,009 | 2,442 | 6,453 | 3,768 | 7,527 | 18,475 | 16,925 | 59,026 | 21,918 | 7,064 | 27,433 | 10,015 | 17,172 | 12,186 | |
440/4 |
4,273 | 4,802 | 3,009 | 2,442 | 6,453 | 3,768 | 7,527 | 18,475 | 16,925 | 59,026 | 21,918 | 7,064 | 27,433 | 10,015 | 17,172 | 12,186 | |
46 |
- | - | - | - | - | 0 | 2,500 | - | - | - | 1,815 | 2,220 | - | - | - | - | |
45 |
350 | 5,258 | 5,125 | 630 | 635 | 974 | 1,508 | 2,323 | 1,431 | 496 | 2,338 | 578 | 7,825 | 12,135 | 5,064 | 988 | |
450/3 |
350 | 5,258 | 5,125 | 630 | 635 | 974 | 1,508 | 2,323 | 1,431 | 496 | 2,338 | 578 | 7,825 | 12,135 | 5,064 | 988 | |
47/48 |
9,325 | 17,829 | 26,314 | 15,651 | 8,630 | 13,557 | 17,254 | 2,415 | 9,185 | 13,278 | 5,570 | 1,833 | 1,833 | 1,833 | - | 10,732 | |
492/3 |
0 | 850 | - | - | - | 0 | 384 | - | 1,500 | 246 | 20,800 | 805 | - | 10,000 | 14,420 | - | |
| Income statement | |||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 17,132 | - | - | - | - | - | - | - | |
9900 |
39,683 | 30,513 | 45,890 | 14,938 | 20,579 | 18,183 | -3,895 | 4,848 | 25,596 | 830 | -35,963 | 20,427 | 24,540 | 37,729 | 21,180 | 19,863 | |
630 |
470 | 0 | 244 | 7,855 | 354 | 354 | 354 | 110 | 843 | 3,806 | 1,453 | 2,270 | 3,759 | 3,295 | 4,209 | 10,242 | |
640/8 |
17,258 | 1,686 | 1,993 | 2,421 | 904 | 1,196 | 55,434 | 2,319 | 2,370 | 1,726 | 2,062 | 2,974 | 1,609 | 4,606 | 6,108 | 3,589 | |
9901 |
21,955 | 28,827 | 43,653 | 4,661 | 19,320 | 16,633 | -59,683 | 2,419 | 22,383 | -4,703 | -39,479 | 15,183 | 19,172 | 29,828 | 10,863 | 6,033 | |
75/76B |
40 | 3 | 0 | 22 | 105 | 10 | 96 | 1 | 81 | 1 | 4,479 | 6,351 | 12 | 21 | 15 | 150 | |
75 |
40 | 3 | 0 | 22 | 105 | 10 | 96 | 1 | 81 | 1 | 4,479 | 6,351 | 12 | 21 | 15 | 150 | |
65/66B |
3,206 | 3,350 | 1,115 | 2,710 | 3,394 | 3,564 | 5,177 | 5,134 | 6,469 | 3,656 | 5,673 | 6,540 | 6,565 | 4,360 | 474 | 1,255 | |
65 |
3,206 | 3,350 | 1,115 | 2,710 | 3,394 | 3,564 | 5,177 | 5,134 | 6,469 | 3,656 | 5,673 | 6,540 | 6,565 | 4,360 | 474 | 1,255 | |
9903 |
18,789 | 25,480 | 42,537 | 1,973 | 16,032 | 13,078 | -64,764 | -2,714 | 15,996 | -8,357 | -40,672 | 14,994 | 12,619 | 25,489 | 10,404 | 4,928 | |
67/77 |
5,984 | 7,763 | 4,811 | 314 | 316 | 615 | 360 | 526 | 792 | 7,537 | 6,588 | 14,592 | 7,648 | 10,427 | 2 | 6 | |
9904 |
12,805 | 17,717 | 37,727 | 1,659 | 15,716 | 12,464 | -65,124 | -3,240 | 15,203 | -15,895 | -47,260 | 402 | 4,971 | 15,062 | 10,402 | 4,922 | |
9905 |
12,805 | 17,717 | 37,727 | 1,659 | 15,716 | 12,464 | -65,124 | -3,240 | 15,203 | -15,895 | -47,260 | 402 | 4,971 | 15,062 | 10,402 | 4,922 | |
| Appropriation of the result | |||||||||||||||||
9906 |
5,144 | -7,134 | -24,850 | -62,577 | -64,236 | -79,952 | -92,415 | -27,292 | -24,052 | -39,255 | -23,360 | 23,899 | 23,497 | 18,526 | 13,464 | 4,922 | |
14P |
-7,661 | -24,850 | -62,577 | -64,236 | -79,952 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | - | |
| Document | |||||||||||||||||
The notes to these accounts have 7 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 13-07-2026.
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 | 13-07-2026 | 2026-00285296 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00214324 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00203927 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00193921 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20124632 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-31900059 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28900438 | |
| 31-12-2018 | micro format | 17-12-2019 | 2019-76400155 | |
| 31-12-2017 | micro format | 19-02-2019 | 2019-05400159 | |
| 31-12-2016 | micro format | 13-10-2017 | 2017-67200449 | |
| 31-12-2015 | abbreviated format | 26-07-2016 | 2016-35800352 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-61200016 | |
| 31-12-2013 | abbreviated format | 02-10-2014 | 2014-63600231 | |
| 31-12-2012 | abbreviated format | 24-10-2013 | 2013-64900192 | |
| 31-12-2011 | abbreviated format | 28-09-2012 | 2012-59500135 | |
| 31-12-2010 | abbreviated format | 01-07-2011 | 2011-25800259 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22,425 | 28,827 | 43,897 | 12,517 | 19,674 | 16,987 | -59,329 | 2,529 | 23,226 | -897 | -38,025 | 17,453 | 22,931 | 33,123 | 15,072 | 16,275 | ||
| 13,274 | 17,717 | 37,971 | 9,515 | 16,070 | 12,818 | -64,769 | -3,130 | 16,047 | -12,088 | -45,806 | 2,672 | 8,730 | 18,357 | 14,611 | 15,164 | ||
| 3,496 | -150 | 150 | 8,100 | 0 | 0 | 1,062 | 0 | -5,493 | 8,569 | 13,121 | 1,227 | 2,529 | 2,099 | 437 | 22,142 | ||
| 6,821 | 7,587 | 16,966 | 65 | 4 | -25 | 21 | 21 | -18 | -314 | 152 | -2,620 | -7,268 | -7,381 | 13,838 | - | ||
| 32,577 | 24,177 | 5,460 | -13,811 | -15,226 | -31,296 | -43,730 | 29,718 | 34,848 | 4,005 | 26,217 | 52,028 | 49,778 | 53,577 | 41,739 | 9,798 | ||
| 64.9% | 41.3% | 14.0% | -171.9% | -173.8% | -689.5% | - | 4.4% | 7.6% | -8.4% | 8.7% | 59.0% | 48.6% | 52.8% | 48.1% | 49.6% | ||
| 2.69 | 1.75 | 1.16 | 0.57 | 0.56 | 0.18 | - | 1.70 | 1.70 | 1.04 | 1.49 | 2.41 | 1.87 | 2.58 | 2.88 | 1.41 | ||
| 0.54 | 1.42 | 6.14 | - | - | - | - | 21.79 | 12.22 | - | 10.50 | 0.69 | 1.06 | 0.89 | 1.08 | 1.02 | ||
| 36.0% | 76.0% | 672.5% | - | - | - | - | -102.3% | 237.2% | - | -665.7% | 0.7% | 9.2% | 30.7% | 30.7% | 20.9% | ||
| 23.3% | 31.4% | 94.2% | 8.9% | 80.9% | 173.6% | - | -4.5% | 17.9% | -15.2% | -57.9% | 0.4% | 4.5% | 16.2% | 14.7% | 10.4% | ||
| 7.00 | 8.60 | 39.36 | 4.62 | 5.80 | - | - | - | - | - | - | - | - | - | - | - |
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 | €3,496 | - | - | €8,100 | - |
| Financial fixed assets | - | - | €150 | - | - |
| €470 | €0 | €244 | €7,855 | €354 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SPC
The operating result for 2025 is 24% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 58.7% to 35.1%. Equity is higher and debt is lower.