TechNations
Annual accounts 2025
abbreviated format, filed on 24-08-2026, 24 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €210,000 and €350,000.
Balance sheet
balance sheet total €7.0m on 31-12-2025in €m
in €m
Position in the sector
25.2%
Higher than 27% of 10,858 companies in 2025.
0.09
Higher than 6% of 10,480 companies in 2025.
-9.7%
Higher than 8% of 10,727 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
7.0m | 4.8m | |
20 |
0 | 331 | |
21/28 |
6.6m | 4.1m | |
22/27 |
5.2m | 2.8m | |
22 |
2.0m | 2.8m | |
27 |
3.2m | - | |
28 |
1.4m | 1.3m | |
29/58 |
451,006 | 694,874 | |
29 |
100,000 | 50,000 | |
291 |
100,000 | 50,000 | |
40/41 |
343,601 | 131,481 | |
40 |
242,000 | 22,329 | |
41 |
101,601 | 109,152 | |
54/58 |
1,716 | 511,332 | |
490/1 |
5,688 | 2,062 | |
| Balance sheet: equity and liabilities | |||
10/49 |
7.0m | 4.8m | |
10/15 |
1.8m | 2.5m | |
10/11 |
2.4m | 2.4m | |
13 |
0 | 59,054 | |
133 |
0 | 59,054 | |
14 |
-625,167 | - | |
17/49 |
5.3m | 2.3m | |
42/48 |
5.3m | 2.3m | |
43 |
4.6m | 2.2m | |
430/8 |
4.6m | 2.2m | |
44 |
633,333 | 14,901 | |
440/4 |
633,333 | 14,901 | |
45 |
8,246 | 8,149 | |
450/3 |
8,246 | 4,846 | |
454/9 |
0 | 3,303 | |
47/48 |
70,039 | 100,000 | |
492/3 |
0 | 126 | |
| Income statement | |||
9900 |
164,946 | -9,545 | |
630 |
218,458 | 43,567 | |
640/8 |
31,766 | 6,621 | |
66A |
501,298 | - | |
9901 |
-586,576 | -59,733 | |
75/76B |
9,363 | 122,099 | |
75 |
9,363 | 122,099 | |
65/66B |
106,714 | 2,995 | |
65 |
106,714 | 2,995 | |
9903 |
-683,927 | 59,371 | |
67/77 |
294 | 317 | |
9904 |
-684,221 | 59,054 | |
9905 |
-684,221 | 59,054 | |
| Appropriation of the result | |||
9906 |
-684,221 | 59,054 | |
791/2 |
59,054 | - | |
691/2 |
0 | 59,054 | |
6921 |
0 | 59,054 | |
| Social balance sheet | |||
9087 |
0 | 0 | |
| Document | |||
The notes to these accounts have 19 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 24-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425319.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -368,118 | -16,166 | ||
| -465,763 | 102,621 | ||
| 3.4m | 4.1m | ||
| -509,616 | - | ||
| -4.8m | -1.6m | ||
| 25.2% | 51.2% | ||
| 0.09 | 0.30 | ||
| 2.97 | 0.95 | ||
| -38.6% | 2.4% | ||
| -9.7% | 1.2% | ||
| -3.45 | -5.40 |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Debts secured on the company's own assets | €4.6m | - |
| Mortgages, amount registered | €25,000 | - |
| €6.5m | - | |
| Carrying value of the mortgaged assets | €3.2m | - |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €3.2m | €2.8m |
| Financial fixed assets | €141,571 | €1.3m |
| €218,458 | €43,567 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on TechNations
The operating result for 2025 is a loss of €586,576, larger than the loss of €59,733 in 2024.
Debt's share of the balance-sheet total rises from 48.8% to 74.8%. Equity is lower and debt is higher.