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Annual accounts 2025
micro format, filed on 04-03-2026, 57 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €52,000. Estimated: probably between €27,000 and €99,000.
Balance sheet
balance sheet total €69,624 on 30-09-2025in euro
in euro
Position in the sector
27.1%
Higher than 25% of 21,208 companies in 2025.
1.41
Higher than 31% of 20,571 companies in 2025.
7.0%
Higher than 29% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · 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 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
69,624 | 77,309 | 89,948 | 38,938 | 47,830 | 61,471 | 43,844 | 25,400 | |
21/28 |
4,293 | - | 527 | 1,794 | 3,061 | 1,485 | 2,970 | - | |
22/27 |
4,293 | - | 527 | 1,794 | 3,061 | 1,485 | 2,970 | - | |
23 |
- | - | 527 | 1,794 | 3,061 | 1,485 | 2,970 | - | |
24 |
4,293 | - | - | - | - | - | - | - | |
29/58 |
65,332 | 77,309 | 89,420 | 37,144 | 44,770 | 59,986 | 40,874 | 25,400 | |
40/41 |
30,597 | 23,257 | 40,084 | 11,481 | 11,351 | 12,420 | 5,191 | 13,137 | |
40 |
30,069 | 23,156 | 35,573 | 8,015 | 9,200 | 9,785 | - | 10,977 | |
41 |
527 | 100 | 4,511 | 3,466 | 2,152 | 2,634 | 5,191 | 2,160 | |
54/58 |
33,365 | 52,795 | 48,139 | 24,861 | 33,078 | 47,226 | 35,524 | 12,263 | |
490/1 |
1,370 | 1,257 | 1,197 | 802 | 340 | 340 | 159 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
69,624 | 77,309 | 89,948 | 38,938 | 47,830 | 61,471 | 43,844 | 25,400 | |
10/15 |
18,892 | 23,123 | 21,565 | 21,259 | 20,897 | 19,435 | 10,287 | 6,336 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | 6,200 | - | - | - | |
1109/19 |
- | - | - | - | 6,200 | - | - | - | |
13 |
11,870 | 16,110 | 14,560 | 14,560 | 14,560 | 13,100 | 4,000 | 100 | |
130/1 |
- | - | 300 | 300 | 300 | 300 | - | - | |
130 |
- | - | - | - | - | 300 | 300 | 100 | |
1311 |
- | - | 300 | 300 | 300 | - | - | - | |
133 |
11,870 | 16,110 | 14,260 | 14,260 | 14,260 | 12,800 | 3,700 | - | |
14 |
822 | 813 | 805 | 499 | 137 | 135 | 87 | 36 | |
17/49 |
50,732 | 54,186 | 68,382 | 17,679 | 26,934 | 42,035 | 33,557 | 19,064 | |
42/48 |
46,396 | 49,390 | 64,171 | 15,923 | 26,934 | 38,760 | 30,281 | 17,257 | |
44 |
30,539 | 37,587 | 59,691 | 12,507 | 23,134 | 33,234 | 26,484 | 17,197 | |
440/4 |
30,539 | 37,587 | 59,691 | 12,507 | 23,134 | 33,234 | 26,484 | 17,197 | |
45 |
2,175 | 3,801 | - | 48 | - | 3,741 | 2,477 | 60 | |
450/3 |
2,175 | 3,801 | - | 48 | - | 3,741 | 2,477 | 60 | |
47/48 |
13,682 | 8,003 | 4,480 | 3,368 | 3,800 | 1,784 | 1,320 | - | |
492/3 |
4,337 | 4,796 | 4,211 | 1,756 | - | 3,276 | 3,276 | 1,807 | |
| Income statement | |||||||||
9900 |
9,508 | 9,468 | 2,854 | 2,360 | 4,233 | 14,932 | 8,482 | 1,810 | |
630 |
1,532 | 527 | 1,267 | 1,267 | 2,224 | 1,485 | 1,485 | 715 | |
640/8 |
531 | 525 | 479 | 122 | 468 | 467 | 480 | 831 | |
9901 |
7,444 | 8,415 | 1,108 | 971 | 1,541 | 12,981 | 6,517 | 263 | |
65/66B |
102 | 317 | 343 | 275 | 127 | 91 | 89 | 68 | |
65 |
102 | 317 | 343 | 275 | 127 | 91 | 89 | 68 | |
9903 |
7,342 | 8,098 | 765 | 696 | 1,414 | 12,890 | 6,428 | 196 | |
67/77 |
2,473 | 2,840 | 459 | 334 | -48 | 3,741 | 2,477 | 60 | |
9904 |
4,869 | 5,257 | 306 | 362 | 1,461 | 9,148 | 3,951 | 136 | |
9905 |
4,869 | 5,257 | 306 | 362 | 1,461 | 9,148 | 3,951 | 136 | |
| Appropriation of the result | |||||||||
9906 |
5,682 | 6,063 | 805 | 499 | 1,597 | 9,235 | 3,987 | 136 | |
14P |
813 | 805 | 499 | 137 | - | - | - | - | |
791/2 |
9,100 | 3,700 | - | - | - | - | - | - | |
691/2 |
4,860 | 5,250 | - | - | 1,460 | 9,100 | 3,900 | 100 | |
6920 |
- | - | - | - | - | - | 200 | 100 | |
6921 |
4,860 | 5,250 | - | - | 1,460 | 9,100 | 3,700 | - | |
694/7 |
9,100 | 3,700 | - | - | - | - | - | - | |
694 |
9,100 | 3,700 | - | - | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 5 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 04-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 04-03-2026 | 2026-00048540 | |
| 30-09-2024 | micro format | 24-02-2025 | 2025-00038501 | |
| 30-09-2023 | micro format | 26-02-2024 | 2024-00035997 | |
| 30-09-2022 | micro format | 27-02-2023 | 2023-00031826 | |
| 30-09-2021 | micro format | 28-02-2022 | 2022-06600111 | |
| 30-09-2020 | micro format | 01-03-2021 | 2021-06500196 | |
| 30-09-2019 | micro format | 03-03-2020 | 2020-06100244 | |
| 30-09-2018 | micro format | 25-02-2019 | 2019-05700311 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 8,976 | 8,943 | 2,375 | 2,238 | 3,765 | 14,466 | 8,002 | 978 | ||
| 6,401 | 5,785 | 1,573 | 1,629 | 3,686 | 10,633 | 5,436 | 851 | ||
| 5,825 | 0 | 0 | 0 | 3,800 | 0 | 4,455 | - | ||
| -19,430 | 4,656 | 23,278 | -8,217 | -14,148 | 11,702 | 23,261 | - | ||
| 18,936 | 27,918 | 25,249 | 21,221 | 17,836 | 21,226 | 10,593 | 8,143 | ||
| 27.1% | 29.9% | 24.0% | 54.6% | 43.7% | 31.6% | 23.5% | 24.9% | ||
| 1.41 | 1.57 | 1.39 | 2.33 | 1.66 | 1.55 | 1.35 | 1.47 | ||
| 2.69 | 2.34 | 3.17 | 0.83 | 1.29 | 2.16 | 3.26 | 3.01 | ||
| 25.8% | 22.7% | 1.4% | 1.7% | 7.0% | 47.1% | 38.4% | 2.1% | ||
| 7.0% | 6.8% | 0.3% | 0.9% | 3.1% | 14.9% | 9.0% | 0.5% | ||
| 87.70 | 28.17 | 6.93 | 8.14 | - | - | - | - |
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 | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €5,825 | - | - | - |
| €1,532 | €527 | €1,267 | €1,267 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on studiov2
The operating result for 2025 is 12% lower than in 2024.
Debt's share of the balance-sheet total rises from 70.1% to 72.9%. Equity and debt are lower.