SUMMA
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 31 filings
Every figure per financial year
The operating result for 2025 is 69% higher than in 2024. It is a recovery after the fall in 2024.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 114 | 115 | 115 | 114 | 116 |
| full-time | 85 | 84 | 87 | 84 | 79 |
| part-time | 29 | 31 | 28 | 30 | 37 |
| in full-time equivalents | 107.5 | 108.2 | 109.2 | 107.7 | 108.9 |
| Average over the year, in full-time equivalents | 105.8 | 105 | 108.4 | 106.7 | 107.8 |
| On a permanent contract | 105 | 115 | 115 | 110 | 111 |
| Joined | 23 | 45 | 16 | 14 | 13 |
| Left | 16 | 44 | 16 | 15 | 11 |
| Agency workers, average number | 9.6 | 13.4 | 4.2 | 0.7 | 1.1 |
| Training hours | 2,500 | 3,132 | 3,319 | 1,080 | 939 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m |
| Mortgage mandates | €84.0m | €84.0m | €84.0m | €84.0m | €84.0m |
| Carrying value of the mortgaged assets | €1.9m | €2.3m | €2.7m | €2.4m | €2.3m |
| Mandates to pledge the business | €127.5m | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €477,431 | €990,880 | €1.0m | €398,704 | €461,574 |
| Intangible fixed assets | €380,781 | €481,300 | €353,421 | €434,293 | €390,662 |
| Financial fixed assets | - | €8.5m | €207,000 | - | - |
| Depreciation and write-downs of the year | €817,141 | €913,778 | €1.1m | €1.1m | €1.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is CALLENS VANDELANOTTE.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €7,500 | €7,500 | €11,000 | €11,629 | €15,581 |
| Other work by the auditor | - | - | - | €484 | €10,165 |
| Work by persons linked to the auditor | - | €530 | €806 | €1,098 | €2,850 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 12 entries · €863,995 awarded · €569,065 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 5 | €3,578 | €83,146 |
| 2024 | 2 | €7,519 | €134,519 |
| 2023 | 3 | €847,090 | €345,592 |
| 2022 | 2 | €5,808 | €5,808 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €40.7m | €43.4m | €42.4m | €35.7m | €39.0m | ▲ 9.4% |
| Turnover70 | €32.1m | €33.4m | €35.4m | €40.5m | €42.1m | €40.0m | €35.9m | €38.4m | ▲ 6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€0.4m | €0.6m | €1.4m | -€1.1m | -€0.08m | ▲ 93.0% |
| Other operating income74 | - | - | - | €0.6m | €0.7m | €1.0m | €0.8m | €0.7m | ▼ 17.1% |
| Non-recurring operating income76A | - | - | - | €0.008m | €0.01m | €0.01m | €0.06m | €0.02m | ▼ 72.8% |
| Operating charges60/66A | - | - | - | €29.7m | €35.8m | €35.5m | €33.2m | €34.9m | ▲ 5.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €17.7m | €19.8m | €19.8m | €15.1m | €18.2m | ▲ 20.4% |
| Purchases600/8 | - | - | - | €17.4m | €22.2m | €19.7m | €13.6m | €19.7m | ▲ 44.8% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.3m | -€2.4m | €0.04m | €1.5m | -€1.5m | - |
| Services and other goods61 | - | - | - | €4.7m | €7.8m | €7.2m | €9.1m | €7.1m | ▼ 21.8% |
| Remuneration, social security and pensions62 | - | - | - | €6.1m | €6.4m | €6.9m | €7.1m | €7.7m | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.1m | €1.1m | €1.1m | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.2m | €0.3m | €0.04m | €0.2m | €0.4m | ▲ 79.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.03m | €0.1m | €0.02m | -€0.09m | €0.06m | - |
| Other operating charges640/8 | - | - | - | €0.06m | €0.05m | €0.06m | €0.06m | €0.06m | ▼ 0.4% |
| Non-recurring operating charges66A | - | - | - | €0.05m | €0.3m | €0.3m | €0.6m | €0.3m | ▼ 50.8% |
| Operating profit (loss)9901 | €9.2m | €8.5m | €9.1m | €11.0m | €7.6m | €7.0m | €2.5m | €4.2m | ▲ 68.8% |
| Financial income75/76B | - | - | - | €0.6m | €0.8m | €0.4m | €0.8m | €0.8m | ▼ 3.9% |
| Recurring financial income75 | €0.4m | €0.2m | €0.4m | €0.6m | €0.8m | €0.4m | €0.8m | €0.8m | ▼ 3.9% |
| Income from financial fixed assets750 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 29.8% |
| Other financial income752/9 | - | - | - | €0.4m | €0.6m | €0.1m | €0.5m | €0.3m | ▼ 31.1% |
| Financial charges65/66B | - | - | - | €0.1m | €0.9m | €0.9m | €0.6m | €1.5m | ▲ 145% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.5m | €0.1m | €0.9m | €0.9m | €0.6m | €1.5m | ▲ 145% |
| Debt charges650 | €0.02m | €0.05m | €0.06m | €0.04m | €0.1m | €0.4m | €0.5m | €0.5m | ▼ 5.5% |
| Other financial charges652/9 | - | - | - | €0.06m | €0.7m | €0.5m | €0.1m | €1.0m | ▲ 813% |
| Profit (loss) for the period before taxes9903 | €9.4m | €8.6m | €9.1m | €11.5m | €7.6m | €6.4m | €2.7m | €3.5m | ▲ 29.1% |
| Income taxes67/77 | €1.3m | €1.2m | €1.1m | €2.0m | €1.1m | €1.6m | €0.2m | €0.4m | ▲ 75.8% |
| Taxes670/3 | - | - | - | €2.0m | €1.1m | €1.6m | €0.2m | €0.4m | ▲ 75.8% |
| Profit (loss) for the period9904 | €8.1m | €7.4m | €8.0m | €9.6m | €6.5m | €4.9m | €2.5m | €3.1m | ▲ 24.6% |
| Profit (loss) for the period to be appropriated9905 | €5.0m | €13.0m | €4.6m | €9.6m | €6.5m | €4.9m | €2.5m | €3.1m | ▲ 24.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €28.7m | €31.1m | €35.0m | €39.6m | €52.8m | €57.7m | €62.1m | €63.9m | ▲ 2.9% |
| Fixed assets21/28 | €11.2m | €15.7m | €16.8m | €19.2m | €32.3m | €35.3m | €40.5m | €46.4m | ▲ 14.6% |
| Intangible fixed assets21 | €0.04m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.5% |
| Tangible fixed assets22/27 | €2.7m | €2.9m | €2.5m | €2.5m | €2.9m | €3.3m | €3.0m | €2.7m | ▼ 8.7% |
| Land and buildings22 | - | - | - | €1.9m | €2.3m | €2.7m | €2.4m | €2.3m | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.09m | €0.1m | €0.07m | €0.05m | ▼ 23.1% |
| Financial fixed assets28 | €8.5m | €12.5m | €13.8m | €16.2m | €28.8m | €31.5m | €37.0m | €43.2m | ▲ 16.7% |
| Affiliated companies280/1 | - | - | - | €16.2m | €28.7m | €31.5m | €37.0m | €43.2m | ▲ 16.7% |
| Participating interests280 | - | - | - | €6.9m | €15.4m | €15.6m | €15.6m | €15.6m | = |
| Amounts receivable281 | - | - | - | €9.2m | €13.4m | €15.9m | €21.4m | €27.6m | ▲ 28.9% |
| Other financial fixed assets284/8 | - | - | - | - | €0.04m | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €0.04m | - | - | - | - |
| Current assets29/58 | €17.5m | €15.5m | €18.2m | €20.4m | €20.5m | €22.4m | €21.6m | €17.5m | ▼ 19.0% |
| Stocks and contracts in progress3 | €4.7m | €5.4m | €8.0m | €7.0m | €9.8m | €11.0m | €8.3m | €9.4m | ▲ 12.9% |
| Stocks30/36 | - | - | - | €7.0m | €9.8m | €11.0m | €8.3m | €9.4m | ▲ 12.9% |
| Raw materials and consumables30/31 | - | - | - | €4.8m | €6.9m | €6.8m | €5.2m | €6.4m | ▲ 22.0% |
| Work in progress32 | - | - | - | €0.4m | €0.3m | €0.4m | €0.3m | €0.4m | ▲ 54.9% |
| Finished goods33 | - | - | - | €1.9m | €2.6m | €3.8m | €2.8m | €2.6m | ▼ 8.1% |
| Amounts receivable within one year40/41 | €5.8m | €7.2m | €7.2m | €8.0m | €9.3m | €7.6m | €9.7m | €4.7m | ▼ 51.9% |
| Trade receivables40 | - | - | - | €7.4m | €8.6m | €6.6m | €8.9m | €4.1m | ▼ 53.8% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.7m | €0.9m | €0.8m | €0.6m | ▼ 30.9% |
| Cash at bank and in hand54/58 | €6.9m | €2.7m | €2.7m | €5.0m | €1.3m | €3.8m | €3.5m | €3.2m | ▼ 7.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.04m | €0.05m | €0.1m | €0.2m | ▲ 90.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €28.7m | €31.1m | €35.0m | €39.6m | €52.8m | €57.7m | €62.1m | €63.9m | ▲ 2.9% |
| Equity10/15 | €12.7m | €17.3m | €22.5m | €32.1m | €38.6m | €43.5m | €45.9m | €49.0m | ▲ 6.7% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €7.1m | €10.3m | €13.6m | €13.6m | €13.6m | €13.6m | €13.6m | €13.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €13.5m | €13.5m | €13.5m | €13.5m | €13.5m | = |
| Profit (loss) carried forward14 | €4.1m | €5.5m | €7.4m | €17.0m | €23.5m | €28.3m | €30.8m | €33.9m | ▲ 10.0% |
| Investment grants15 | - | - | - | €0.08m | €0.07m | €0.07m | €0.06m | €0.05m | ▼ 11.2% |
| Provisions and deferred taxes16 | €0.3m | €0.4m | €0.5m | €0.3m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 14.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 14.1% |
| Other liabilities and charges164/5 | - | - | - | €0.3m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 14.1% |
| Deferred taxes168 | - | - | - | €29 | €29 | €29 | €29 | €29 | = |
| Amounts payable17/49 | €15.7m | €13.4m | €12.0m | €7.1m | €13.7m | €13.8m | €15.8m | €14.5m | ▼ 8.3% |
| Amounts payable after more than one year17 | €5.8m | €5.1m | €3.2m | - | €6.5m | €6.5m | €4.6m | €3.7m | ▼ 20.0% |
| Financial debts170/4 | - | - | - | - | €6.5m | €6.5m | €4.6m | €3.7m | ▼ 20.0% |
| Credit institutions173 | - | - | - | - | €5.5m | €5.5m | €4.6m | €3.7m | ▼ 20.0% |
| Other loans174 | - | - | - | - | €1.0m | €1.0m | - | - | - |
| Amounts payable within one year42/48 | €9.9m | €8.3m | €8.8m | €7.1m | €7.2m | €6.6m | €10.7m | €10.7m | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.9m | €0.9m | = |
| Financial debts43 | - | - | - | - | - | - | €1.0m | €2.5m | ▲ 150% |
| Credit institutions430/8 | - | - | - | - | - | - | €1.0m | €2.5m | ▲ 150% |
| Trade debts44 | €2.4m | €3.8m | €4.9m | €5.2m | €5.1m | €4.5m | €6.7m | €5.3m | ▼ 21.1% |
| Suppliers440/4 | - | - | - | €5.2m | €5.1m | €4.5m | €6.7m | €5.3m | ▼ 21.1% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0.1m | €0.04m | €0.1m | €0.01m | ▼ 91.9% |
| Taxes, remuneration and social security45 | - | - | - | €1.7m | €1.9m | €2.1m | €1.9m | €2.0m | ▲ 1.2% |
| Taxes450/3 | - | - | - | €0.9m | €0.9m | €1.0m | €0.9m | €0.7m | ▼ 18.5% |
| Remuneration and social security454/9 | - | - | - | €0.8m | €1.0m | €1.1m | €1.1m | €1.3m | ▲ 17.1% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €0.001m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.03m | €0.7m | €0.5m | €0.1m | ▼ 79.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.1m | €7.4m | €8.0m | €9.6m | €6.5m | €4.9m | €2.5m | €3.1m | ▲ 24.6% |
| + Depreciation and write-downs630 | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.1m | €1.1m | €1.1m | ▼ 1.1% |
| Operating cash flow (approximation) | €8.5m | €8.0m | €8.7m | €10.4m | €7.4m | €6.0m | €3.6m | €4.2m | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€5.0m | -€1.8m | -€3.2m | -€14.1m | -€4.1m | -€6.3m | -€7.0m | ▼ 10.8% |
| Change in cash | - | -€4.1m | -€0.02m | €2.3m | -€3.7m | €2.5m | -€0.3m | -€0.3m | ▲ 18.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-06-2026 | 2026-00220894 | |
| 31-12-2024 | full format | 23-04-2025 | 2025-00073232 | |
| 31-12-2023 | full format | 29-04-2024 | 2024-00071673 | |
| 31-12-2022 | full format | 03-05-2023 | 2023-00076841 | |
| 31-12-2021 | full format | 04-05-2022 | 2022-20019035 | |
| 31-12-2020 | full format | 23-04-2021 | 2021-10900542 | |
| 31-12-2019 | full format | 28-04-2020 | 2020-09900588 | |
| 31-12-2018 | full format | 14-05-2019 | 2019-12900302 | |
| 31-12-2017 | full format | 30-11-2018 | 2018-73300311 | |
| 31-12-2016 | full format | 24-04-2017 | 2017-09700139 |