STABLE
Annual accounts 2025
abbreviated format, filed on 24-08-2026, 24 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.0m. Estimated: probably between €970,000 and €1.4m.
Balance sheet
balance sheet total €640,141 on 31-12-2025in euro
in euro
Position in the sector
-38.7%
Higher than 13% of 4,849 companies in 2025.
0.48
Higher than 21% of 4,747 companies in 2025.
-13.2%
Higher than 15% of 4,770 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€45,352
Staff costs divided by the average number of full-time equivalents.
-7 people
In 2025, 75 people joined and 82 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
640,141 | 842,027 | 958,681 | 1.0m | 1.0m | 999,826 | 1.0m | |
21/28 |
496,051 | 596,744 | 710,307 | 819,386 | 917,431 | 959,043 | 924,142 | |
21 |
5,613 | 6,914 | 8,215 | 9,516 | 10,817 | 8,222 | 9,135 | |
22/27 |
482,685 | 582,077 | 694,339 | 802,117 | 899,864 | 950,822 | 915,007 | |
22 |
1,021 | 1,276 | 1,531 | 1,786 | 2,042 | 2,297 | 2,552 | |
23 |
22,963 | 29,992 | 48,941 | 56,281 | 66,793 | 81,950 | 46,598 | |
24 |
53,190 | 50,610 | 48,982 | 54,087 | 61,264 | 39,140 | 36,064 | |
26 |
405,512 | 500,198 | 594,885 | 689,962 | 769,766 | 827,435 | 829,793 | |
28 |
7,753 | 7,753 | 7,753 | 7,753 | 6,750 | - | - | |
29/58 |
144,090 | 245,283 | 248,374 | 204,880 | 83,660 | 40,783 | 106,150 | |
3 |
95,774 | 74,396 | 67,181 | 65,225 | 13,512 | 12,360 | 12,684 | |
30/36 |
95,774 | 74,396 | 67,181 | 65,225 | 13,512 | 12,360 | 12,684 | |
40/41 |
4,169 | 2,958 | 1,125 | - | - | 5,033 | 56,643 | |
40 |
4,169 | 2,958 | 1,125 | - | - | - | - | |
41 |
- | - | - | - | - | 5,033 | 56,643 | |
54/58 |
40,934 | 164,830 | 179,277 | 131,049 | 67,739 | 10,836 | 28,353 | |
490/1 |
3,214 | 3,099 | 790 | 8,606 | 2,409 | 12,554 | 8,470 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
640,141 | 842,027 | 958,681 | 1.0m | 1.0m | 999,826 | 1.0m | |
10/15 |
-247,898 | -163,302 | -163,525 | -79,925 | -45,762 | -77,821 | -33,055 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | |
14 |
-267,898 | -183,302 | -183,525 | -99,925 | -65,762 | -97,821 | -53,055 | |
17/49 |
888,039 | 1.0m | 1.1m | 1.1m | 1.0m | 1.1m | 1.1m | |
17 |
588,026 | 628,473 | 728,164 | 842,112 | 809,623 | 853,311 | 852,261 | |
170/4 |
588,026 | 628,473 | 728,164 | 842,112 | 809,623 | 853,311 | 852,261 | |
42/48 |
300,014 | 375,879 | 393,906 | 262,079 | 236,741 | 224,021 | 210,397 | |
42 |
104,475 | 138,719 | 118,549 | 38,220 | 37,506 | 30,036 | - | |
44 |
2,453 | 46,145 | 67,718 | 40,270 | 33,499 | 38,744 | 76,982 | |
440/4 |
2,453 | 46,145 | 67,718 | 40,270 | 33,499 | 38,744 | 76,982 | |
45 |
54,843 | 41,431 | 55,031 | 40,542 | 34,255 | 783 | 1,573 | |
450/3 |
18,301 | 21,795 | 20,709 | 13,407 | 11,817 | - | - | |
454/9 |
36,542 | 19,636 | 34,322 | 27,135 | 22,437 | 783 | 1,573 | |
47/48 |
138,243 | 149,584 | 152,608 | 143,046 | 131,482 | 154,458 | 131,842 | |
492/3 |
- | 977 | 137 | - | 490 | 314 | 689 | |
| Income statement | ||||||||
76A |
19,993 | - | - | - | - | 16,735 | - | |
9900 |
440,651 | 527,917 | 418,299 | 497,075 | 303,982 | 185,549 | -48,622 | |
62 |
399,101 | 363,458 | 341,885 | 300,429 | 143,271 | 101,885 | 1,721 | |
630 |
119,633 | 125,666 | 123,582 | 122,976 | 118,940 | 104,698 | - | |
640/8 |
2,592 | 2,918 | 3,090 | 2,304 | 1,576 | 1,130 | 1,255 | |
66A |
- | - | - | 11,171 | - | 13,325 | - | |
9901 |
-80,675 | 35,875 | -50,259 | 60,195 | 40,195 | -35,489 | -51,598 | |
75/76B |
1,059 | 5 | 79 | 86 | 19 | 36 | - | |
75 |
1,059 | 5 | 79 | 86 | 19 | 36 | - | |
65/66B |
4,981 | 35,657 | 33,421 | 94,443 | 8,156 | 9,312 | 1,457 | |
65 |
4,981 | 35,657 | 33,421 | 94,443 | 8,156 | 9,312 | 1,457 | |
9903 |
-84,596 | 223 | -83,600 | -34,163 | 32,058 | -44,765 | -53,055 | |
9904 |
-84,596 | 223 | -83,600 | -34,163 | 32,058 | -44,765 | -53,055 | |
9905 |
-84,596 | 223 | -83,600 | -34,163 | 32,058 | -44,765 | -53,055 | |
| Appropriation of the result | ||||||||
9906 |
-267,898 | -183,302 | -183,525 | -99,925 | -65,762 | -97,821 | -53,055 | |
14P |
-183,302 | -183,525 | -99,925 | -65,762 | -97,821 | - | - | |
| Social balance sheet | ||||||||
9087 |
8.8 | 8.7 | 8.6 | 9.3 | 4.2 | 4.6 | 0.3 | |
Hours worked1013 |
14,539 | 14,467 | 14,608 | 13,917 | 4,717 | 5,583 | 76 | |
| Document | ||||||||
The notes to these accounts have 13 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 24-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00416764.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00416764 | |
| 31-12-2024 | abbreviated format | 19-08-2025 | 2025-00381501 | |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00295619 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00291478 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20315049 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25600344 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24700060 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 38,958 | 161,541 | 73,324 | 183,171 | 159,136 | 69,209 | - | ||
| 35,037 | 125,889 | 39,982 | 88,814 | 150,999 | 59,933 | - | ||
| 18,940 | 12,103 | 14,504 | 24,931 | 77,329 | 139,599 | 924,142 | ||
| -123,896 | -14,448 | 48,228 | 63,310 | 56,903 | -17,517 | - | ||
| -155,923 | -130,596 | -145,532 | -57,199 | -153,081 | -183,238 | -104,247 | ||
| -38.7% | -19.4% | -17.1% | -7.8% | -4.6% | -7.8% | -3.2% | ||
| 0.48 | 0.65 | 0.63 | 0.78 | 0.35 | 0.18 | 0.50 | ||
| 0.16 | 0.45 | 0.46 | 0.53 | 0.30 | 0.13 | 0.44 | ||
| -13.2% | 0.0% | -8.7% | -3.3% | 3.2% | -4.5% | -5.1% | ||
| 7.82 | 4.53 | 2.19 | 1.94 | 19.51 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 11 | 8 | 10 | 9 |
| full-time | 4 | 6 | 8 | 7 | 6 |
| part-time | - | 5 | - | 3 | 3 |
| in full-time equivalents | 4 | 7.1 | 8 | 9.2 | 7.1 |
| 8.1 | 8.7 | 8.6 | 9.3 | 4.2 | |
| On a permanent contract | 4 | 5 | 4 | 5 | 2 |
| Joined | 75 | 98 | 49 | 77 | 42 |
| Left | 82 | 95 | 51 | 76 | 36 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,940 | €12,103 | €14,504 | €23,928 | €66,704 |
| Intangible fixed assets | - | - | - | - | €3,875 |
| Financial fixed assets | - | - | - | €1,003 | €6,750 |
| €119,633 | €125,666 | €123,582 | €122,976 | €118,940 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STABLE
The operating result for 2025 is a loss of €80,675, after a profit of €35,875 in 2024. It is the lowest result since 2019.
Equity is negative. Debt (€888,039) exceeds the balance-sheet total (€640,141).