TAMARACK
Annual accounts 2025
full format, filed on 24-01-2026, 85 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €16,000. Estimated: probably between €7,200 and €42,000.
Balance sheet
balance sheet total €71,481 on 31-03-2025in euro
in euro
Position in the sector
66.3%
Higher than 61% of 3,873 companies in 2025.
2.85
Higher than 70% of 3,727 companies in 2025.
2.3%
Higher than 47% of 3,849 companies in 2025.
Net result: middle half · 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 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
71,481 | 69,611 | 83,986 | 60,303 | 76,255 | 92,858 | 55,262 | 56,177 | 55,342 | 32,174 | 40,741 | 45,326 | 30,843 | 28,781 | 103,341 | |
21/28 |
2,905 | 5,246 | 7,587 | 377 | 861 | 1,345 | - | 626 | 1,253 | - | - | 1,276 | 1,124 | 1,059 | 2,052 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 900 | - | - | - | |
22/27 |
2,905 | 5,246 | 7,587 | 377 | 861 | 1,345 | - | 626 | 1,253 | - | - | 376 | 1,124 | 1,059 | 2,052 | |
23 |
837 | 1,978 | 3,120 | 377 | 861 | 1,345 | - | 626 | 1,253 | - | - | 302 | 605 | 95 | 644 | |
24 |
2,068 | 3,268 | 4,467 | - | - | - | - | - | - | - | - | 74 | 519 | 964 | 1,408 | |
29/58 |
68,576 | 64,365 | 76,399 | 59,926 | 75,394 | 91,513 | 55,262 | 55,551 | 54,089 | 32,174 | 40,741 | 44,050 | 29,719 | 27,722 | 101,289 | |
40/41 |
15,570 | 14,315 | 15,504 | 13,348 | 27,009 | 44,132 | 19,704 | 43,415 | 46,368 | 31,493 | 35,111 | 42,885 | 28,139 | 22,141 | 59,561 | |
40 |
14,176 | 11,422 | 13,707 | 4,172 | 5,393 | 2,904 | 5,760 | 945 | 9,999 | - | - | 15,174 | - | 6,933 | 2,065 | |
41 |
1,394 | 2,893 | 1,797 | 9,176 | 21,616 | 41,228 | 13,944 | 42,470 | 36,369 | 31,493 | 35,111 | 27,711 | 28,139 | 15,208 | 57,496 | |
50/53 |
- | - | - | - | - | 47,381 | - | - | - | - | - | - | - | - | - | |
54/58 |
53,006 | 50,050 | 60,895 | 46,578 | 48,385 | - | 35,558 | 12,136 | 7,721 | 681 | 5,630 | 1,165 | 1,580 | 5,581 | 41,728 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
71,481 | 69,611 | 83,986 | 60,303 | 76,255 | 92,858 | 55,262 | 56,177 | 55,342 | 32,174 | 40,741 | 45,326 | 30,843 | 28,781 | 103,341 | |
10/15 |
47,388 | 45,745 | 51,925 | 56,946 | 66,455 | 61,222 | 50,762 | 29,261 | 28,099 | 7,934 | 9,827 | 5,976 | -550 | 10,829 | 53,477 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
37,194 | 37,194 | 38,346 | 38,346 | 47,855 | 42,622 | 32,162 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 1,152 | 1,152 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | 1,152 | 1,152 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
37,194 | 37,194 | 37,194 | 37,194 | 45,995 | 40,762 | 30,302 | - | - | - | - | - | - | - | - | |
14 |
-8,406 | -10,049 | -5,021 | - | - | - | - | 8,801 | 7,639 | -12,526 | -10,633 | -14,484 | -21,010 | -9,631 | 33,017 | |
17/49 |
24,093 | 23,866 | 32,061 | 3,357 | 9,800 | 31,636 | 4,500 | 26,916 | 27,243 | 24,240 | 30,914 | 39,350 | 31,393 | 17,952 | 49,864 | |
42/48 |
24,093 | 23,866 | 32,061 | 3,357 | 9,800 | 31,636 | 4,500 | 26,916 | 27,243 | 24,240 | 30,914 | 39,350 | 31,393 | 17,952 | 49,864 | |
44 |
- | - | - | - | 476 | 1,472 | 4,500 | 88 | 1,093 | 890 | 1,064 | 2,304 | 2,366 | 1,828 | 28,202 | |
440/4 |
- | - | - | - | 476 | 1,472 | 4,500 | 88 | 1,093 | 890 | 1,064 | 2,304 | 2,366 | 1,828 | 28,202 | |
45 |
2,678 | - | - | - | 9,324 | 4,325 | - | 678 | - | - | - | 196 | 177 | 774 | 21,662 | |
450/3 |
2,678 | - | - | - | 9,324 | 4,325 | - | 678 | - | - | - | 196 | 177 | 774 | 21,662 | |
47/48 |
21,415 | 23,866 | 32,061 | 3,357 | - | 25,839 | - | 26,150 | 26,150 | 23,350 | 29,850 | 36,850 | 28,850 | 15,350 | - | |
| Income statement | ||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 225 | - | - | - | - | |
9900 |
4,153 | -2,190 | -3,670 | -7,503 | 5,783 | 12,714 | 22,697 | 28 | 19,201 | -3,361 | 2,327 | 6,293 | -11,850 | -39,376 | 48,956 | |
630 |
2,341 | 2,341 | 1,013 | 484 | 484 | 107 | 626 | 627 | 626 | - | 376 | 972 | 842 | 993 | 1,822 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | -344 | 343 | - | |
640/8 |
479 | 881 | 141 | 1,439 | 847 | 666 | 482 | 648 | 659 | 659 | 697 | 913 | 786 | 798 | 1,070 | |
9901 |
1,333 | -5,412 | -4,824 | -9,426 | 4,452 | 11,941 | 21,589 | -1,247 | 17,916 | -4,020 | 1,254 | 4,408 | -13,134 | -41,510 | 46,064 | |
75/76B |
722 | 115 | - | 222 | 2,996 | 3,138 | 3,326 | 2,766 | 2,442 | 2,159 | 2,509 | 2,224 | 1,910 | 937 | 266 | |
75 |
722 | 115 | - | 222 | 2,996 | 3,138 | 3,326 | 2,766 | 2,442 | 2,159 | 2,509 | 2,224 | 1,910 | 937 | 266 | |
65/66B |
331 | 883 | 197 | 284 | 159 | 293 | 181 | 357 | 193 | 32 | 140 | 123 | 133 | 218 | 446 | |
65 |
331 | 883 | 197 | 284 | 159 | 293 | 181 | 357 | 193 | 32 | 140 | 123 | 133 | 218 | 446 | |
9903 |
1,724 | -6,180 | -5,021 | -9,488 | 7,289 | 14,786 | 24,734 | 1,162 | 20,165 | -1,893 | 3,848 | 6,509 | -11,357 | -40,791 | 45,884 | |
67/77 |
81 | - | - | 21 | 2,056 | 4,325 | 3,233 | - | - | - | -3 | -17 | 22 | 1,857 | 11,007 | |
9904 |
1,643 | -6,180 | -5,021 | -9,509 | 5,233 | 10,461 | 21,501 | 1,162 | 20,165 | -1,893 | 3,851 | 6,526 | -11,379 | -42,648 | 34,877 | |
9905 |
1,643 | -6,180 | -5,021 | -9,509 | 5,233 | 10,461 | 21,501 | 1,162 | 20,165 | -1,893 | 3,851 | 6,526 | -11,379 | -42,648 | 34,877 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-8,406 | -11,201 | -5,021 | -9,509 | 5,233 | 10,461 | 30,302 | 8,801 | 7,639 | -12,526 | -10,633 | -14,484 | -21,010 | -9,631 | 34,877 | |
14P |
-10,049 | -5,021 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 1,152 | - | 9,509 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 5,233 | 10,461 | 30,302 | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 5,233 | 10,461 | 30,302 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 6 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 24-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 85 days after the deadline. Filed on 24 January 2026, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2026-00020609.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | full format | 24-01-2026 | 2026-00020609 | |
| 31-03-2024 | full format | 10-10-2024 | 2024-00503118 | |
| 31-03-2023 | full format | 29-10-2023 | 2023-00504185 | |
| 31-03-2022 | full format | 31-10-2022 | 2022-20517239 | |
| 31-03-2021 | full format | 31-10-2021 | 2021-75800482 | |
| 31-03-2020 | full format | 29-10-2020 | 2020-65500466 | |
| 31-03-2019 | full format | 13-09-2019 | 2019-64400115 | |
| 31-03-2018 | full format | 01-11-2018 | 2018-71500277 | |
| 31-03-2017 | full format | 01-11-2017 | 2017-69200175 | |
| 31-03-2016 | full format | 30-09-2016 | 2016-63900566 | |
| 31-03-2015 | full format | 12-10-2015 | 2015-64700101 | |
| 31-03-2014 | full format | 15-10-2014 | 2014-64900095 | |
| 31-03-2013 | full format | 30-10-2013 | 2013-65500103 | |
| 31-03-2012 | full format | 31-10-2012 | 2012-63100177 | |
| 31-03-2011 | full format | 31-10-2011 | 2011-59400015 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,674 | -3,071 | -3,811 | -8,942 | 4,936 | 12,048 | 22,215 | -620 | 18,542 | - | 1,630 | 5,380 | -12,292 | -40,517 | 47,886 | ||
| 3,984 | -3,839 | -4,008 | -9,025 | 5,717 | 10,568 | 22,127 | 1,789 | 20,791 | - | 4,227 | 7,498 | -10,537 | -41,655 | 36,699 | ||
| 0 | 0 | 8,223 | 0 | 0 | 1,452 | 0 | 0 | 1,879 | - | -900 | 1,125 | 907 | 0 | 3,874 | ||
| 2,956 | -10,845 | 14,317 | -1,807 | - | - | 23,422 | 4,415 | 7,040 | -4,949 | 4,465 | -415 | -4,001 | -36,147 | - | ||
| 44,483 | 40,499 | 44,338 | 56,569 | 65,594 | 59,877 | 50,762 | 28,635 | 26,846 | 7,934 | 9,827 | 4,700 | -1,674 | 9,770 | 51,425 | ||
| 66.3% | 65.7% | 61.8% | 94.4% | 87.1% | 65.9% | 91.9% | 52.1% | 50.8% | 24.7% | 24.1% | 13.2% | -1.8% | 37.6% | 51.7% | ||
| 2.85 | 2.70 | 2.38 | 17.85 | 7.69 | 2.89 | 12.28 | 2.06 | 1.99 | 1.33 | 1.32 | 1.12 | 0.95 | 1.54 | 2.03 | ||
| 0.51 | 0.52 | 0.62 | 0.06 | 0.15 | 0.52 | 0.09 | 0.92 | 0.97 | 3.06 | 3.15 | 6.58 | - | 1.66 | 0.93 | ||
| 3.5% | -13.5% | -9.7% | -16.7% | 7.9% | 17.1% | 42.4% | 4.0% | 71.8% | -23.9% | 39.2% | 109.2% | - | -393.8% | 65.2% | ||
| 2.3% | -8.9% | -6.0% | -15.8% | 6.9% | 11.3% | 38.9% | 2.1% | 36.4% | -5.9% | 9.5% | 14.4% | -36.9% | -148.2% | 33.7% | ||
| 11.10 | -3.48 | -19.35 | -31.49 | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,223 | - |
| €2,341 | €2,341 | €1,013 | €484 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on TAMARACK
The operating result for 2025 is a profit of €1,333, after a loss of €5,412 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total falls from 34.3% to 33.7%. Equity and debt are higher.