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Annual accounts 2025
abbreviated format, filed on 28-07-2026, 3 days before the deadlineTurnover 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 ≈ €180,000. Estimated: probably between €140,000 and €320,000.
Balance sheet
balance sheet total €177,273 on 31-12-2025in euro
Position in the sector
54.8%
Higher than 65% of 1,569 companies in 2025.
1.81
Higher than 58% of 1,540 companies in 2025.
15.2%
Higher than 79% of 1,554 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · 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 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
177,273 | 173,363 | 174,924 | 159,417 | 108,367 | |
21/28 |
54,187 | 73,904 | 86,853 | 40,979 | 22,152 | |
21 |
24,774 | 28,353 | 31,931 | 35,509 | - | |
22/27 |
29,413 | 45,552 | 54,921 | 5,469 | 22,152 | |
23 |
12,286 | 21,732 | 24,409 | 5,268 | 10,025 | |
24 |
- | - | - | 201 | 12,127 | |
25 |
17,127 | 23,820 | 30,512 | - | - | |
29/58 |
123,085 | 99,458 | 88,071 | 118,439 | 86,215 | |
3 |
83,226 | 63,695 | 63,533 | 71,527 | 74,802 | |
30/36 |
83,226 | 63,695 | 63,533 | 71,527 | 74,802 | |
40/41 |
34,385 | 31,513 | 13,573 | 42,328 | 4,282 | |
40 |
17,631 | 10,052 | 9,337 | 39,178 | 4,282 | |
41 |
16,754 | 21,461 | 4,236 | 3,151 | - | |
54/58 |
16 | - | 8,303 | 3,002 | 5,460 | |
490/1 |
5,459 | 4,250 | 2,662 | 1,581 | 1,671 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
177,273 | 173,363 | 174,924 | 159,417 | 108,367 | |
10/15 |
97,226 | 70,278 | 59,963 | 51,993 | 46,909 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
96,226 | 69,278 | 58,963 | 50,993 | 45,909 | |
133 |
96,226 | 69,278 | 58,963 | 50,993 | 45,909 | |
17/49 |
80,047 | 103,085 | 114,961 | 107,424 | 61,458 | |
17 |
11,958 | 21,239 | 24,473 | - | - | |
170/4 |
11,958 | 21,239 | 24,473 | - | - | |
42/48 |
68,088 | 81,846 | 90,488 | 107,424 | 61,458 | |
42 |
9,281 | 8,763 | 6,085 | 1,893 | 6,891 | |
43 |
9,954 | 7,395 | 5,036 | - | - | |
430/8 |
9,954 | 7,395 | 5,036 | - | - | |
44 |
45,464 | 53,048 | 49,777 | 52,782 | 10,271 | |
440/4 |
45,464 | 53,048 | 49,777 | 52,782 | 10,271 | |
45 |
2,818 | 296 | - | 16,260 | 18,683 | |
450/3 |
2,818 | 296 | - | 16,260 | 18,683 | |
47/48 |
572 | 12,344 | 29,589 | 36,489 | 25,613 | |
| Income statement | ||||||
9900 |
62,034 | 39,095 | 28,581 | 25,769 | 72,194 | |
630 |
20,399 | 20,551 | 11,316 | 10,803 | 14,797 | |
631/4 |
2,730 | - | - | - | - | |
640/8 |
1,269 | 1,948 | 1,169 | 1,323 | 2,010 | |
9901 |
37,636 | 16,596 | 16,096 | 13,642 | 55,387 | |
75/76B |
3,516 | 3,294 | 10 | 99 | 528 | |
75 |
16 | 3,294 | 10 | 99 | 115 | |
76B |
3,500 | - | - | - | 413 | |
65/66B |
3,520 | 4,362 | 4,679 | 3,819 | 1,603 | |
65 |
3,520 | 4,362 | 4,679 | 686 | 1,603 | |
66B |
- | - | - | 3,133 | - | |
9903 |
37,632 | 15,528 | 11,428 | 9,922 | 54,311 | |
67/77 |
10,684 | 5,213 | 3,458 | 4,838 | 15,581 | |
9904 |
26,948 | 10,315 | 7,970 | 5,084 | 38,730 | |
9905 |
26,948 | 10,315 | 7,970 | 5,084 | 38,730 | |
| Appropriation of the result | ||||||
9906 |
26,948 | 10,315 | 7,970 | 5,084 | 38,730 | |
691/2 |
26,948 | 10,315 | 7,970 | 5,084 | 38,730 | |
6921 |
26,948 | 10,315 | 7,970 | 5,084 | 38,730 | |
| Document | ||||||
The notes to these accounts have 11 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 28-07-2026.
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 | abbreviated format | 28-07-2026 | 2026-00352136 | |
| 31-12-2024 | abbreviated format | 20-08-2025 | 2025-00390215 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00399973 | |
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00363475 | |
| 31-12-2021 | micro format | 20-05-2022 | 2022-20032522 |
Subsidies and aid
Flemish government 2023 to 2025, 2 entries, €1,120 awarded, €1,120 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €479 | €479 |
| 2023 | 1 | €641 | €641 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 58,035 | 37,147 | 27,412 | 24,446 | 70,184 | ||
| 47,347 | 30,867 | 19,285 | 15,888 | 53,527 | ||
| 682 | 7,603 | 57,190 | 35,784 | 2,623 | ||
| - | - | 5,301 | -2,457 | - | ||
| 54,997 | 17,613 | -2,417 | 11,014 | 24,757 | ||
| 54.8% | 40.5% | 34.3% | 32.6% | 43.3% | ||
| 1.81 | 1.22 | 0.97 | 1.10 | 1.40 | ||
| 0.59 | 0.44 | 0.27 | 0.44 | 0.19 | ||
| 0.82 | 1.47 | 1.92 | 2.07 | 1.31 | ||
| 27.7% | 14.7% | 13.3% | 9.8% | 82.6% | ||
| 15.2% | 5.9% | 4.6% | 3.2% | 35.7% | ||
| 16.49 | 8.52 | 5.86 | 35.61 | 43.77 |
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 | €682 | €7,603 | €57,190 | - | €2,623 |
| Intangible fixed assets | - | - | - | €35,784 | - |
| €20,399 | €20,551 | €11,316 | €10,803 | €14,797 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STONE+
The operating result for 2025 is 127% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 59.5% to 45.2%. Equity is higher and debt is lower.