SRC
Annual accounts 2025
micro format, filed on 22-11-2025, 22 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €160,000 and €220,000.
Balance sheet
balance sheet total €117,677 on 31-03-2025in euro
in euro
Position in the sector
16.3%
Higher than 18% of 21,208 companies in 2025.
0.88
Higher than 13% of 20,571 companies in 2025.
61.5%
Higher than 91% of 20,746 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · 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 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
117,677 | 178,484 | 216,561 | 228,930 | 214,157 | 125,849 | 79,000 | 50,335 | |
21/28 |
31,015 | 47,960 | 67,621 | 79,216 | 1,417 | 875 | 1,743 | 3,523 | |
22/27 |
31,015 | 47,960 | 67,621 | 79,216 | 1,417 | 875 | 1,743 | 3,523 | |
23 |
- | - | - | - | - | 875 | 1,743 | 3,523 | |
24 |
31,015 | 47,960 | 67,621 | 79,216 | 1,417 | - | - | - | |
29/58 |
86,662 | 130,524 | 148,941 | 149,714 | 212,740 | 124,974 | 77,257 | 46,813 | |
40/41 |
33,095 | 64,863 | 34,506 | 34,469 | 51,667 | 27,921 | 27,134 | 27,286 | |
40 |
32,610 | 62,472 | 34,260 | 33,033 | 51,667 | 27,921 | 27,134 | 27,286 | |
41 |
486 | 2,391 | 246 | 1,436 | - | - | - | - | |
50/53 |
- | - | 25,000 | 37,000 | - | - | - | - | |
54/58 |
48,356 | 60,495 | 83,950 | 67,568 | 151,243 | 96,318 | 50,123 | 18,840 | |
490/1 |
5,211 | 5,166 | 5,484 | 10,677 | 9,830 | 735 | - | 688 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
117,677 | 178,484 | 216,561 | 228,930 | 214,157 | 125,849 | 79,000 | 50,335 | |
10/15 |
19,230 | 18,867 | 63,725 | 79,963 | 64,234 | 104,500 | 57,347 | 23,567 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | |
11 |
- | - | - | - | - | 12,400 | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | |
13 |
630 | 267 | 45,125 | 61,363 | 45,634 | 92,100 | 44,947 | 11,167 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | |
133 |
630 | 267 | 43,265 | 59,503 | 43,774 | 90,240 | 43,087 | 9,307 | |
14 |
0 | - | - | - | - | - | - | - | |
17/49 |
98,447 | 159,616 | 152,836 | 148,968 | 149,923 | 21,349 | 21,653 | 26,769 | |
17 |
0 | 10,890 | 29,358 | 47,572 | - | - | - | - | |
170/4 |
0 | 10,890 | 29,358 | 47,572 | - | - | - | - | |
42/48 |
98,447 | 148,726 | 123,479 | 101,396 | 149,923 | 21,349 | 21,653 | 26,769 | |
42 |
10,890 | 18,467 | 18,214 | 17,967 | - | - | - | - | |
44 |
1,008 | 5,000 | 316 | 507 | 7,807 | 344 | 1,548 | 5,309 | |
440/4 |
1,008 | 5,000 | 316 | 507 | 7,807 | 344 | 1,548 | 5,309 | |
45 |
2,918 | 5,861 | 4,396 | 11,873 | 11,179 | 16,994 | 16,965 | 13,662 | |
450/3 |
2,918 | 5,861 | 4,396 | 11,873 | 11,179 | 16,994 | 16,965 | 13,662 | |
47/48 |
83,631 | 119,398 | 100,552 | 71,049 | 130,937 | 4,011 | 3,140 | 7,797 | |
| Income statement | |||||||||
9900 |
112,033 | 108,215 | 122,431 | 113,956 | 103,030 | 64,542 | 52,532 | 24,334 | |
630 |
19,694 | 19,661 | 18,218 | 9,104 | 657 | 1,762 | 2,617 | 3,491 | |
640/8 |
997 | 967 | 977 | 1,214 | 1,058 | 1,245 | 551 | 233 | |
9901 |
91,342 | 87,587 | 103,236 | 103,639 | 101,315 | 61,536 | 49,365 | 20,610 | |
75/76B |
0 | 407 | 791 | 70 | 0 | - | - | - | |
75 |
0 | 407 | 791 | 70 | 0 | - | - | - | |
65/66B |
464 | 3,174 | 1,273 | 1,416 | 1,158 | 1,343 | 1,573 | 2,193 | |
65 |
464 | 3,174 | 1,273 | 1,416 | 1,158 | 1,343 | 1,573 | 2,193 | |
9903 |
90,877 | 84,820 | 102,754 | 102,293 | 100,157 | 60,192 | 47,793 | 18,417 | |
67/77 |
18,514 | 17,731 | 20,991 | 21,564 | 21,623 | 13,039 | 14,013 | 7,250 | |
9904 |
72,363 | 67,089 | 81,762 | 80,729 | 78,533 | 47,154 | 33,780 | 11,167 | |
9905 |
72,363 | 67,089 | 81,762 | 80,729 | 78,533 | 47,154 | 33,780 | 11,167 | |
| Appropriation of the result | |||||||||
9906 |
72,363 | 67,089 | 81,762 | 80,729 | 78,533 | 47,154 | 33,780 | 11,167 | |
791/2 |
0 | 44,947 | 16,238 | - | 46,467 | - | - | - | |
691/2 |
363 | 89 | - | 15,729 | - | 47,154 | 33,780 | 11,167 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
363 | 89 | - | 15,729 | - | 47,154 | 33,780 | 9,307 | |
694/7 |
72,000 | 111,947 | 98,000 | 65,000 | 125,000 | - | - | - | |
694 |
72,000 | 111,947 | 98,000 | 65,000 | 125,000 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 22-11-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 22 days after the deadline. Filed on 22 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00569396.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 22-11-2025 | 2025-00569396 | |
| 31-03-2024 | micro format | 27-11-2024 | 2024-00605411 | |
| 31-03-2023 | micro format | 14-11-2023 | 2023-00512074 | |
| 31-03-2022 | micro format | 23-11-2022 | 2022-20524839 | |
| 31-03-2021 | micro format | 22-11-2021 | 2021-78000282 | |
| 31-03-2020 | micro format | 10-12-2020 | 2020-75200425 | |
| 31-03-2019 | micro format | 27-11-2019 | 2019-74500368 | |
| 31-03-2018 | micro format | 19-11-2018 | 2018-72500344 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 111,036 | 107,248 | 121,455 | 112,743 | 101,972 | 63,297 | 51,982 | 24,100 | ||
| 92,057 | 86,750 | 99,981 | 89,833 | 79,191 | 48,915 | 36,397 | 14,657 | ||
| 2,750 | 0 | 6,623 | 86,903 | 1,200 | 894 | 837 | 7,013 | ||
| -12,139 | -23,456 | 16,383 | -83,675 | 54,925 | 46,195 | 31,283 | - | ||
| -11,785 | -18,202 | 25,462 | 48,318 | 62,817 | 103,625 | 55,604 | 20,044 | ||
| 16.3% | 10.6% | 29.4% | 34.9% | 30.0% | 83.0% | 72.6% | 46.8% | ||
| 0.88 | 0.88 | 1.21 | 1.48 | 1.42 | 5.85 | 3.57 | 1.75 | ||
| 5.12 | 8.46 | 2.40 | 1.86 | 2.33 | 0.20 | 0.38 | 1.14 | ||
| 376.3% | 355.6% | 128.3% | 101.0% | 122.3% | 45.1% | 58.9% | 47.4% | ||
| 61.5% | 37.6% | 37.8% | 35.3% | 36.7% | 37.5% | 42.8% | 22.2% | ||
| over 100 | 33.79 | 95.39 | 79.62 | - | - | - | - |
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 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,750 | - | €6,623 | €86,903 |
| €19,694 | €19,661 | €18,218 | €9,104 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on SRC
The operating result for 2025 is 4% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 89.4% to 83.7%. Equity is higher and debt is lower.