STICKYTABLE
InactiveFinancials · financial year 2025, micro format
Equity
€26,145▲ 12×
2024 · €2,132
Total assets
€37,146▲ 448%
2024 · €6,773
Net result
€24,013▲ 625%
2024 · €3,314
Working capital
€23,302▲ 29×
2024 · €808
Trend over the years
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is 8.7 times 2024 and is the highest 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€30,559
2025
Net result€24,013
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€37,146
2025
Equity€26,145
2025
Debt€11,001
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€23,302
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€3,151-€3,503€30,559▲ 772%
Net result-€3,182-€3,314€24,013▲ 625%
Equity-€1,182-€2,132€26,145▲ 12×
Total assets€2,154-€6,773▲ 214%€37,146▲ 448%
Debt€3,336-€4,641▲ 39.1%€11,001▲ 137%
Working capital-€1,182-€808€23,302▲ 29×
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,146
Fixed assets
€2,842 ▲ 115%
Current assets
€34,303 ▲ 529%
Equity and liabilities €37,146
Equity
€26,145 ▲ 12×
Debt
€11,001 ▲ 137%
Debt's share of the balance-sheet total falls from 68.5% to 29.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,436▲
2024 · €3,519
Cash flow
€24,889▲
2024 · €3,330
Current ratio
3.12▲
2024 · 1.17
Debt to equity
0.42▼
2024 · 2.18
ROE
91.8%▼
2024 · 155.5%
ROA
64.6%▲
2024 · 48.9%
Interest coverage
over 100▲
2024 · 73.26
Debt ≤ 1 year
€11,001▲
2024 · €4,641
Income taxes
€6,480▲
2024 · €163
Staff costs
€206
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €206 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €16 | €877 | ▲ 57× |
| Gross operating margin9900 | -€3,151 | €3,519 | €31,642 | ▲ 799% |
| Operating profit (loss)9901 | -€3,151 | €3,503 | €30,559 | ▲ 772% |
| Financial income75/76B | - | €22 | €0 | ▼ 100% |
| Recurring financial income75 | - | €22 | €0 | ▼ 100% |
| Financial charges65/66B | €31 | €48 | €67 | ▲ 38.6% |
| Recurring financial charges65 | €31 | €48 | €67 | ▲ 38.6% |
| Profit (loss) for the period before taxes9903 | -€3,182 | €3,477 | €30,493 | ▲ 777% |
| Income taxes67/77 | - | €163 | €6,480 | ▲ 40× |
| Profit (loss) for the period9904 | -€3,182 | €3,314 | €24,013 | ▲ 625% |
| Profit (loss) for the period to be appropriated9905 | -€3,182 | €3,314 | €24,013 | ▲ 625% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2,154 | €6,773 | €37,146 | ▲ 448% |
| Fixed assets21/28 | - | €1,324 | €2,842 | ▲ 115% |
| Tangible fixed assets22/27 | - | €749 | €2,267 | ▲ 203% |
| Furniture and vehicles24 | - | €749 | €2,267 | ▲ 203% |
| Financial fixed assets28 | - | €575 | €575 | = |
| Current assets29/58 | €2,154 | €5,449 | €34,303 | ▲ 529% |
| Amounts receivable within one year40/41 | €1,350 | €1,602 | €909 | ▼ 43.3% |
| Trade receivables40 | €1,290 | €0 | €290 | - |
| Other amounts receivable41 | €60 | €1,602 | €619 | ▼ 61.4% |
| Cash at bank and in hand54/58 | €628 | €3,243 | €32,769 | ▲ 910% |
| Deferred charges and accrued income490/1 | €176 | €604 | €626 | ▲ 3.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2,154 | €6,773 | €37,146 | ▲ 448% |
| Equity10/15 | -€1,182 | €2,132 | €26,145 | ▲ 12× |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€3,182 | €132 | €24,145 | ▲ 183× |
| Amounts payable17/49 | €3,336 | €4,641 | €11,001 | ▲ 137% |
| Amounts payable within one year42/48 | €3,336 | €4,641 | €11,001 | ▲ 137% |
| Trade debts44 | €287 | €294 | €617 | ▲ 110% |
| Suppliers440/4 | €287 | €294 | €617 | ▲ 110% |
| Advances received on contracts in progress46 | - | €1,210 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €1,304 | €163 | €6,702 | ▲ 41× |
| Taxes450/3 | - | €163 | €6,702 | ▲ 41× |
| Remuneration and social security454/9 | €1,304 | €0 | - | - |
| Other amounts payable47/48 | €1,745 | €2,975 | €3,681 | ▲ 23.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,182 | €3,314 | €24,013 | ▲ 625% |
| + Depreciation and write-downs630 | - | €16 | €877 | ▲ 57× |
| Operating cash flow (approximation) | -€3,182 | €3,330 | €24,889 | ▲ 648% |
| Investment in fixed assets (approximation) | - | - | -€2,395 | - |
| Change in cash | - | €2,615 | €29,525 | ▲ 11× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00375988 |
| 31-12-2024 | micro format | 27-07-2025 | 2025-00314468 |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00229310 |
Subsidies and aid
Flemish government
2023 to 2025 · 4 entries · €173,486 awarded · €161,895 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €96,108 |
| 2024 | 2 | €82,574 | €45,787 |
| 2023 | 1 | €90,912 | €20,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.