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InactiveFinancials · financial year 2026, micro format
Equity
€142,541▼ 1.5%
2025 · €144,642
Total assets
€142,768▼ 7.0%
2025 · €153,500
Net result
-€2,101▼ 77.1%
2025 · -€1,187
Working capital
€142,541▼ 1.5%
2025 · €144,642
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 9 financial years
The operating result stays negative: a loss of €2,563 in 2026 against €893 in 2025; the loss grows and 2026 has the lowest 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-€2,563
2026
Net result-€2,101
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€142,768
2026
Equity€142,541
2026
Debt€226
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€142,541
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result-€212,894--€30,624▲ 85.6%€206,549€202,562▼ 1.9%€121,716▼ 39.9%€228,850▲ 88.0%€27,078▼ 88.2%-€893-€2,563▼ 187%
Net result-€235,149--€43,834▲ 81.4%€176,352€188,726▲ 7.0%€95,722▼ 49.3%€153,292▲ 60.1%€16,335▼ 89.3%-€1,187-€2,101▼ 77.1%
Equity-€440,764--€484,599▼ 9.9%-€308,246▲ 36.4%-€119,520▲ 61.2%-€23,798▲ 80.1%€129,494€145,829▲ 12.6%€144,642▼ 0.8%€142,541▼ 1.5%
Total assets€306,540-€415,711▲ 35.6%€218,330▼ 47.5%€215,355▼ 1.4%€74,401▼ 65.5%€163,956▲ 120%€160,905▼ 1.9%€153,500▼ 4.6%€142,768▼ 7.0%
Debt€747,304-€900,309▲ 20.5%€526,576▼ 41.5%€334,875▼ 36.4%€98,198▼ 70.7%€34,462▼ 64.9%€15,076▼ 56.3%€8,858▼ 41.2%€226▼ 97.4%
Working capital-€544,165-€70,576-€92,589-€18,968▲ 79.5%-€24,979▼ 31.7%€128,313€145,829▲ 13.7%€144,642▼ 0.8%€142,541▼ 1.5%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €142,768
Equity
€142,541 ▼ 1.5%
Debt
€226 ▼ 97.4%
Debt's share of the balance-sheet total falls from 5.8% to 0.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2025 · 0.06
ROE
-1.5%▼
2025 · -0.8%
ROA
-1.5%▼
2025 · -0.8%
Debt ≤ 1 year
€226▼
2025 · €8,858
Income taxes
€1▼
2025 · €690
A ratio outside any meaningful range has been withheld (balance sheet total €142,768, equity €142,541).
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 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €50,207 | - | €5,800 | €6,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,232 | €56,232 | €45,651 | €37,389 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €4,579 | €4,128 | €1,500 | €1,236 | €1,055 | €49 | ▼ 95.4% |
| Gross operating margin9900 | -€151,755 | €30,258 | €256,953 | €244,530 | €125,844 | €230,350 | €28,314 | €162 | -€2,514 | - |
| Operating profit (loss)9901 | -€212,894 | -€30,624 | €206,549 | €202,562 | €121,716 | €228,850 | €27,078 | -€893 | -€2,563 | ▼ 187% |
| Financial income75/76B | - | - | - | - | - | €189 | €4,960 | €3,779 | €1,016 | ▼ 73.1% |
| Recurring financial income75 | - | - | €0 | - | - | €189 | €4,960 | €3,779 | €1,016 | ▼ 73.1% |
| Financial charges65/66B | - | - | - | €13,320 | €10,601 | €14,582 | €6,215 | €3,382 | €553 | ▼ 83.7% |
| Recurring financial charges65 | €15,141 | €11,971 | €29,692 | €13,320 | €10,601 | €14,582 | €6,215 | €3,382 | €553 | ▼ 83.7% |
| Profit (loss) for the period before taxes9903 | -€228,035 | -€42,594 | €176,858 | €189,242 | €111,115 | €214,457 | €25,824 | -€496 | -€2,100 | ▼ 323% |
| Income taxes67/77 | €7,115 | €1,240 | €505 | €516 | €15,393 | €61,165 | €9,489 | €690 | €1 | ▼ 99.8% |
| Profit (loss) for the period9904 | -€235,149 | -€43,834 | €176,352 | €188,726 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| Profit (loss) for the period to be appropriated9905 | -€235,149 | -€43,834 | €176,352 | €188,726 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €306,540 | €415,711 | €218,330 | €215,355 | €74,401 | €163,956 | €160,905 | €153,500 | €142,768 | ▼ 7.0% |
| Fixed assets21/28 | €290,248 | €234,016 | €188,365 | €150,976 | €1,182 | €1,182 | - | - | - | - |
| Tangible fixed assets22/27 | €289,065 | €232,833 | €187,182 | €149,793 | - | - | - | - | - | - |
| Land and buildings22 | - | - | - | €149,793 | - | - | - | - | - | - |
| Financial fixed assets28 | €1,183 | €1,183 | €1,183 | €1,183 | €1,182 | €1,182 | - | - | - | - |
| Current assets29/58 | €16,292 | €181,695 | €29,966 | €64,379 | €73,219 | €162,775 | €160,905 | €153,500 | €142,768 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €13,201 | €172,497 | €2,807 | €61,409 | €48,222 | €67,495 | €147,354 | €131,283 | €136,583 | ▲ 4.0% |
| Trade receivables40 | - | - | - | €59,766 | €42,215 | €49,218 | €20,830 | €5,179 | - | - |
| Other amounts receivable41 | - | - | - | €1,643 | €6,007 | €18,277 | €126,524 | €126,104 | €136,583 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €498 | €6,166 | €23,998 | €215 | €22,059 | €91,969 | €8,631 | €18,431 | €6,184 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2,755 | €2,938 | €3,310 | €4,920 | €3,786 | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €306,540 | €415,711 | €218,330 | €215,355 | €74,401 | €163,956 | €160,905 | €153,500 | €142,768 | ▼ 7.0% |
| Equity10/15 | -€440,764 | -€484,599 | -€308,246 | -€119,520 | -€23,798 | €129,494 | €145,829 | €144,642 | €142,541 | ▼ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | - | - | €100,000 | €116,000 | €116,000 | €116,000 | = |
| Distributable reserves133 | - | - | - | - | - | €100,000 | €116,000 | €116,000 | €116,000 | = |
| Profit (loss) carried forward14 | -€459,364 | -€503,199 | -€326,846 | -€138,120 | -€42,398 | €10,894 | €11,229 | €10,042 | €7,941 | ▼ 20.9% |
| Amounts payable17/49 | €747,304 | €900,309 | €526,576 | €334,875 | €98,198 | €34,462 | €15,076 | €8,858 | €226 | ▼ 97.4% |
| Amounts payable after more than one year17 | €186,776 | €763,678 | €404,022 | €251,453 | - | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €251,453 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €560,457 | €111,119 | €122,555 | €83,348 | €98,198 | €34,462 | €15,076 | €8,858 | €226 | ▼ 97.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €68,338 | - | - | - | - | - | - |
| Financial debts43 | - | - | - | €7,773 | - | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €7,773 | - | - | - | - | - | - |
| Trade debts44 | €3,212 | €45,657 | €4,917 | €5,200 | €32,152 | €2,041 | €2,497 | €3,402 | - | - |
| Suppliers440/4 | - | - | - | €5,200 | €32,152 | €2,041 | €2,497 | €3,402 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,036 | €3,400 | €17,400 | €6,800 | - | - | - |
| Taxes450/3 | - | - | - | €2,036 | €3,400 | €13,400 | €6,800 | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | €4,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €62,647 | €15,021 | €5,778 | €5,456 | €226 | ▼ 95.8% |
| Accrued charges and deferred income492/3 | - | - | - | €74 | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€235,149 | -€43,834 | €176,352 | €188,726 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| + Depreciation and write-downs630 | €56,232 | €56,232 | €45,651 | €37,389 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€178,917 | €12,398 | €222,004 | €226,115 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €149,794 | €0 | - | - | - | - |
| Change in cash | - | €5,668 | €17,832 | -€23,783 | €21,844 | €69,911 | -€83,339 | €9,800 | -€12,247 | - |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 05-05-2026 | micro format | 23-09-2026 | 2026-00520642 |
| 31-12-2025 | micro format | 26-03-2026 | 2026-00062318 |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00167614 |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00122588 |
| 31-12-2022 | micro format | 18-06-2023 | 2023-00133868 |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20061231 |
| 31-12-2020 | micro format | 01-07-2021 | 2021-28800172 |
| 31-12-2019 | micro format | 13-07-2020 | 2020-29200048 |
| 31-12-2018 | abbreviated format | 29-05-2019 | 2019-15000315 |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19400159 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.