TECHNICS & APPLICATIONS

Active Private limited companyfounded 1995active for 30 yearsKlaus-Michael Kuehnelaan 9, 2440 GeelKBO/BCE: BE 0456.610.573 subsidiary of STOVER#1 company by staff growth in the province of Antwerp, Rubber and plastics sector

Financial year 2025

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Annual accounts 2025

full format, filed on 30-07-2026, 1 day before the deadline

€45.4m

▲ 8.8%

€5.5m

▲ 19.7%

€6.7m

▲ 17.4%

€5.1m

▲ 10.4%

69.1%

▼ 7.0 percentage points

1.75

▼ 0.48

In the rankings #1 company by staff growth in the province of Antwerp, Rubber and plastics sector #3 company by equity in Geel, Manufacturing sector #4 company by total assets in Geel, Manufacturing sector

Money flows

of every €100 of turnover, €8.86 remains as profit in 2025

Balance sheet

balance sheet total €34.1m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

69.1%

Higher than 73% of 232 companies in 2025.

1.75

Higher than 49% of 227 companies in 2025.

11.8%

Higher than 80% of 232 companies in 2025.

TECHNICS & APPLICATIONS Middle half of the sector 80% of the sector Full accounts in rubber and plastics (NACE 22)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half

Staff

Men and women11% women

69.9 men and 8.6 women in full-time equivalents in 2025.

€68,341

Men €69,350, women €60,138 per full-time equivalent. Jobs differ, so this is not a pay gap.

+2 people

people who joined people who left

In 2025, 8 people joined and 6 left. Training hours in 2025: 1,002. Agency workers: 7.1 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	34.1m	25.7m	23.6m	22.9m	16.6m	8.3m	6.1m	6.7m	6.5m	6.4m	5.3m	4.8m	5.0m	3.8m	3.9m	3.8m	4.2m	3.5m	3.4m
`21/28`	15.8m	12.4m	8.9m	3.5m	2.6m	2.2m	2.5m	2.9m	3.0m	2.8m	2.7m	2.6m	2.8m	1.8m	1.8m	2.0m	2.1m	1.7m	1.7m
`21`	496,642	542,197	567,012	23,153	18,145	33,720	42,904	83,899	81,990	-	-	-	-	-	-	-	-	-	-
`22/27`	3.0m	3.5m	3.6m	3.5m	2.6m	2.1m	2.4m	2.7m	2.9m	2.8m	2.7m	2.6m	2.8m	1.8m	1.8m	2.0m	2.1m	1.7m	1.7m
`22`	-	-	-	-	0	5,000	5,779	6,557	7,335	8,113	8,891	9,669	10,447	11,225	12,003	12,781	13,559	10,183	10,684
`23`	1.6m	2.1m	2.0m	1.8m	883,994	678,496	797,593	953,221	905,009	492,076	462,910	356,754	380,704	273,369	250,758	280,903	227,676	291,863	309,411
`24`	209,132	312,914	380,860	364,563	235,477	186,815	120,774	192,178	212,813	375,496	222,614	138,980	124,398	101,688	141,726	172,093	187,289	150,378	123,816
`25`	608,870	646,759	716,499	812,532	908,767	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`26`	548,088	454,920	507,963	279,309	278,745	242,265	282,464	268,405	321,020	293,999	302,276	206,618	264,905	213,953	231,499	233,314	270,809	228,141	198,991
`27`	-	-	0	232,096	290,162	-	-	-	-	-	-	-	-	52,067	-	-	-	27,566	-
`28`	12.3m	8.4m	4.8m	2,800	100	100	64,410	64,410	65,410	64,410	-	-	30	15	-	592	592	592	592
`280/1`	12.3m	8.4m	4.8m	-	-	-	64,410	64,410	64,410	64,410	-	-	-	-	-	-	-	-	-
`280`	191,459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`281`	12.1m	8.4m	4.8m	-	-	-	64,410	64,410	64,410	64,410	-	-	-	-	-	-	-	-	-
`284/8`	3,300	2,800	2,800	2,800	100	100	-	-	1,000	-	-	-	30	15	-	-	-	-	-
`285/8`	3,300	2,800	2,800	2,800	100	100	-	-	1,000	-	-	-	30	15	-	-	-	-	-
`29/58`	18.3m	13.3m	14.7m	19.4m	14.0m	6.1m	3.6m	3.8m	3.4m	3.5m	2.6m	2.2m	2.2m	2.0m	2.1m	1.8m	2.1m	1.7m	1.7m
`29`	-	-	-	-	-	-	-	-	-	-	-	-	195,000	195,000	25,000	25,000	-	-	-
`291`	-	-	-	-	-	-	-	-	-	-	-	-	195,000	195,000	25,000	25,000	-	-	-
`3`	7.7m	6.1m	6.2m	6.7m	4.8m	2.9m	2.9m	2.7m	2.3m	2.2m	1.7m	1.5m	1.4m	1.4m	1.3m	1.3m	1.1m	1.2m	802,738
`30/36`	7.7m	6.1m	6.2m	6.7m	4.8m	2.9m	2.9m	2.7m	2.3m	2.2m	1.7m	1.5m	1.4m	1.4m	1.3m	1.3m	1.1m	1.2m	802,738
`34`	7.7m	6.1m	6.2m	6.7m	4.8m	2.9m	2.9m	2.7m	2.3m	2.2m	1.7m	1.5m	1.4m	1.4m	1.3m	-	-	-	-
`40/41`	3.7m	3.2m	2.5m	8.1m	4.6m	1.8m	563,989	759,187	589,728	773,908	323,343	378,252	502,228	346,640	405,194	321,266	400,496	232,096	258,238
`40`	2.6m	2.6m	1.5m	1.3m	1.2m	413,068	475,340	651,208	494,691	648,616	234,942	335,400	294,968	249,700	221,527	184,289	287,482	185,895	196,663
`41`	1.1m	551,035	949,602	6.9m	3.4m	1.4m	88,648	107,979	95,037	125,292	88,401	42,852	207,260	96,940	183,666	136,977	113,014	46,201	61,576
`50/53`	4.0m	3.0m	3.5m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`51/53`	4.0m	3.0m	3.5m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	2.9m	958,673	2.4m	4.6m	4.6m	1.4m	165,886	278,233	435,480	486,712	497,396	318,694	86,924	65,780	356,671	125,105	684,486	291,578	608,223
`490/1`	44,563	30,423	39,767	12,270	17,473	17,402	27,618	35,970	73,074	37,720	68,069	42,101	25,748	15,326	7,701	11,091	-	1,893	34,684
Balance sheet: equity and liabilities
`10/49`	34.1m	25.7m	23.6m	22.9m	16.6m	8.3m	6.1m	6.7m	6.5m	6.4m	5.3m	4.8m	5.0m	3.8m	3.9m	3.8m	4.2m	3.5m	3.4m
`10/15`	23.6m	19.6m	17.8m	13.9m	8.9m	5.8m	2.9m	2.8m	2.5m	2.3m	1.9m	1.8m	1.7m	1.3m	1.6m	1.2m	1.9m	1.4m	949,117
`10/11`	137,500	137,500	137,500	137,500	137,500	137,500	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000
`100`	-	-	-	-	-	-	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000
`13`	11.3m	10.5m	9.6m	8.8m	8.8m	5.6m	2.8m	2.7m	2.4m	2.2m	1.8m	1.1m	1.1m	1.1m	1.5m	968,750	1.5m	868,750	68,750
`130`	-	-	-	-	-	-	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
`132`	2.2m	1.7m	898,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250
`133`	9.1m	8.7m	8.7m	8.7m	8.7m	5.6m	2.7m	2.6m	2.3m	2.1m	1.7m	1.0m	1.0m	1.0m	1.4m	900,000	1.4m	800,000	-
`14`	12.1m	9.0m	8.1m	5.0m	-	-	-	-	-	-	-	605,973	463,394	118,626	31,594	96,301	297,499	386,098	755,367
`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64,232	64,232	64,232
`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64,232	64,232	64,232
`17/49`	10.5m	6.1m	5.7m	9.0m	7.7m	2.5m	3.2m	3.8m	3.9m	4.1m	3.4m	3.0m	3.4m	2.5m	2.3m	2.6m	2.2m	2.0m	2.4m
`17`	92,578	197,876	337,242	450,221	696,545	888,820	1.2m	1.7m	1.9m	2.2m	2.1m	2.0m	2.2m	1.2m	1.3m	1.7m	1.5m	1.1m	1.2m
`170/4`	92,578	197,876	337,242	450,221	696,545	888,820	1.2m	1.7m	1.9m	2.2m	2.1m	2.0m	2.2m	1.2m	1.3m	1.7m	1.5m	1.1m	1.2m
`172`	90,334	177,133	260,533	340,668	454,885	582,636	794,421	996,574	1.2m	1.4m	1.5m	1.7m	1.9m	1.0m	1.1m	-	-	-	-
`173`	2,243	20,743	76,709	109,553	241,660	306,185	439,300	719,450	666,005	791,296	568,660	250,443	320,858	180,448	195,654	-	-	-	-
`42/48`	10.4m	5.9m	5.4m	8.6m	7.0m	1.6m	1.9m	2.1m	2.1m	1.9m	1.3m	1.0m	1.2m	1.2m	982,977	912,819	750,199	902,777	1.2m
`42`	57,648	112,931	146,544	246,193	305,642	457,430	482,304	535,562	475,761	478,458	375,760	271,406	291,496	218,792	233,225	333,084	262,642	149,385	153,100
`43`	-	-	-	-	-	-	-	-	-	-	-	16,241	91,782	148,470	147,591	-	-	130,973	375,000
`430/8`	-	-	-	-	-	-	-	-	-	-	-	16,241	91,782	148,470	147,591	-	-	130,973	375,000
`44`	7.4m	2.9m	4.6m	2.8m	1.2m	554,146	788,318	908,001	608,408	490,587	353,112	339,200	417,209	415,892	344,362	432,377	379,889	354,099	452,249
`440/4`	7.4m	2.9m	4.6m	2.8m	1.2m	554,146	788,318	908,001	608,408	490,587	353,112	339,200	417,209	415,892	344,362	432,377	379,889	354,099	452,249
`46`	273,721	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	308
`45`	791,085	1.1m	699,183	723,382	699,056	585,892	644,300	655,312	977,880	883,871	549,239	404,391	356,312	448,283	253,087	145,224	107,235	119,924	79,049
`450/3`	128,116	278,875	166,877	434,559	435,562	360,967	342,652	485,242	784,148	562,931	278,918	241,887	138,076	274,730	130,468	27,396	2,069	38,627	11,299
`454/9`	662,969	777,865	532,306	288,822	263,494	224,925	301,648	170,070	193,732	320,940	270,320	162,504	218,236	173,553	122,619	117,828	105,166	81,297	67,750
`47/48`	1.9m	1.9m	0	4.8m	4.8m	2,506	2,310	376	6,519	1,884	1,836	4,131	1,481	128	4,711	2,135	433	148,396	150,000
`492/3`	0	147	-	0	29,000	32,750	22,813	9,304	10,694	39,296	6,500	9,872	1,872	-	-	237	3,914	744	223
Income statement
`70/76A`	45.7m	42.8m	39.0m	42.3m	46.0m	31.7m	23.9m	18.7m	17.5m	15.4m	13.1m	12.4m	10.3m	11.1m	11.0m	-	-	-	-
`70`	45.4m	41.7m	38.6m	42.2m	45.9m	31.6m	23.9m	18.6m	17.3m	15.1m	13.0m	12.3m	10.3m	11.0m	11.0m	-	-	-	-
`72`	84,465	-	-	-	-	-	-	-	-	-	-	-	-	11,738	-	-	-	-	-
`74`	217,738	1.1m	374,725	92,747	88,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	11,391	10,860	0	40,972	34,290	8,227	-	9,207	6,644	3,620	17,390	9,042	-	-	661	-	126	25,982	2,766
`9900`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.9m	2.0m	2.0m	1.8m
`60/66A`	40.2m	38.2m	33.9m	35.7m	35.3m	24.0m	19.8m	16.2m	15.4m	13.0m	11.5m	10.5m	9.2m	9.4m	8.9m	-	-	-	-
`60`	22.5m	21.6m	20.3m	23.3m	23.8m	16.5m	12.7m	9.9m	9.3m	7.9m	7.1m	6.6m	5.6m	6.0m	5.9m	-	-	-	-
`600/8`	24.1m	21.5m	19.7m	25.1m	25.8m	16.5m	12.8m	10.3m	9.4m	8.5m	7.3m	6.6m	5.6m	6.1m	6.0m	-	-	-	-
`609`	-1.6m	29,644	545,834	-1.9m	-2.0m	9,103	-153,261	-395,711	-101,127	-559,218	-193,062	-81,162	-4,154	-28,619	-65,389	-	-	-	-
`61`	10.8m	9.8m	9.0m	8.3m	7.1m	4.4m	4.3m	3.7m	3.4m	2.6m	2.2m	1.9m	1.8m	1.6m	1.3m	-	-	-	-
`62`	5.4m	5.6m	3.7m	3.3m	3.8m	2.4m	2.2m	1.9m	2.1m	2.0m	1.7m	1.6m	1.4m	1.4m	1.2m	1.1m	830,927	736,664	464,565
`630`	1.1m	1.1m	910,787	705,605	605,545	620,936	621,288	598,510	523,337	474,337	400,707	383,650	396,949	353,835	333,881	345,907	315,431	315,917	212,929
`631/4`	46,602	67,603	-49,409	49,409	-	-	-5,827	5,827	-	355	-228	-	-39,967	-22,898	63,093	-11,078	-	11,078	-
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-64,232	-	-	-
`640/8`	356,087	75,139	119,428	59,068	40,428	47,041	47,050	48,930	47,418	80,512	79,032	34,700	28,068	19,383	36,043	24,191	20,003	15,687	2,862
`66A`	11,402	-	-	-	-	-	-	4,448	11,473	-	1,469	-	3,460	1,286	1,123	38,651	6,944	-	-
`9901`	5.5m	4.6m	5.1m	6.6m	10.7m	7.7m	4.1m	2.5m	2.1m	2.3m	1.7m	1.9m	1.1m	1.7m	2.1m	1.5m	865,605	910,187	1.1m
`75/76B`	252,151	253,202	151,703	277,220	252,374	13,104	10,714	4,835	6,909	9,862	10,772	14,626	15,517	15,453	17,597	17,118	8,947	18,168	28,677
`75`	252,151	253,202	151,703	277,220	252,374	13,104	10,714	4,835	6,909	9,862	10,772	14,626	15,517	15,453	17,597	17,118	8,947	18,168	28,677
`750`	12,444	-	-	-	-	-	-	-	-	200	-	-	-	-	-	-	-	-	-
`751`	43,416	65,188	56,512	-	-	-	-	-	174	-	104	4,448	5,602	4,001	4,618	-	-	-	-
`752/9`	196,291	188,013	95,191	277,220	252,374	13,104	10,714	4,835	6,735	9,662	10,667	10,178	9,915	11,451	12,980	-	-	-	-
`65/66B`	399,665	106,632	134,316	218,795	277,450	223,941	205,671	177,845	181,889	156,402	159,871	159,665	154,514	113,999	111,179	115,983	108,432	86,865	61,929
`65`	399,665	106,632	134,316	218,795	277,450	223,941	205,671	177,845	181,889	156,402	159,871	159,665	154,514	113,999	111,179	115,983	108,432	86,865	61,929
`650`	10,114	16,376	42,098	57,292	102,126	98,198	110,122	110,362	114,499	120,745	125,900	127,915	133,783	93,308	101,132	-	-	-	-
`652/9`	389,552	90,256	92,218	161,503	175,324	125,743	95,549	67,483	67,391	35,657	33,971	31,750	20,730	20,690	10,047	-	-	-	-
`9903`	5.4m	4.8m	5.1m	6.7m	10.7m	7.5m	3.9m	2.3m	1.9m	2.2m	1.5m	1.7m	988,931	1.6m	2.0m	1.3m	759,303	867,472	1.1m
`67/77`	1.4m	1.2m	1.2m	1.7m	2.7m	1.9m	1.2m	730,395	681,000	753,148	533,797	594,604	344,162	555,098	705,010	451,123	247,901	286,741	366,858
`670/3`	1.4m	1.2m	1.2m	1.7m	2.7m	1.9m	1.2m	730,395	681,000	753,148	533,797	594,604	344,162	555,098	706,093	-	-	-	-
`77`	4,364	-	0	1,002	2,878	-	2,349	-	-	-	-	-	-	-	1,084	-	-	-	-
`9904`	4.0m	3.6m	3.9m	5.0m	8.0m	5.6m	2.7m	1.6m	1.2m	1.4m	991,095	1.1m	644,768	1.0m	1.3m	878,002	511,401	580,730	698,458
`689`	842,000	842,000	842,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	3.2m	2.8m	3.1m	5.0m	8.0m	5.6m	2.7m	1.6m	1.2m	1.4m	991,095	1.1m	644,768	1.0m	1.3m	878,002	511,401	580,730	698,458
Appropriation of the result
`9906`	12.1m	10.9m	8.1m	5.0m	8.0m	5.6m	2.7m	1.6m	1.2m	1.4m	1.6m	1.6m	763,394	1.1m	1.4m	1.2m	897,499	1.3m	1.0m
`14P`	9.0m	8.1m	5.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	0	2.7m	2.6m	1.3m	1.0m	1.0m	-	-	-	1.4m	-	500,000	-	-	-
`792`	-	-	-	-	0	2.7m	2.6m	1.3m	1.0m	1.0m	-	-	-	1.4m	-	-	-	-	-
`691/2`	-	-	-	0	3.1m	5.6m	2.7m	1.6m	1.2m	1.4m	697,069	-	-	960,000	500,000	-	600,000	800,000	-
`6921`	-	-	-	0	3.1m	5.6m	2.7m	1.6m	1.2m	1.4m	697,069	-	-	960,000	500,000	-	600,000	800,000	-
`694/7`	0	1.9m	-	0	4.8m	2.7m	2.6m	1.3m	1.0m	1.0m	900,000	1.0m	300,000	1.4m	900,000	1.6m	-	150,000	270,960
`694`	0	1.9m	-	0	4.8m	2.7m	2.6m	1.3m	1.0m	1.0m	900,000	1.0m	300,000	1.4m	900,000	1.6m	-	150,000	270,960
Social balance sheet
`9087`	78.5	78.7	54.3	54.1	48.5	34.4	31.1	26.5	29.8	28.2	22.8	24	21.5	23.2	22.3	20.8	16.7	15.2	15.6
Men (FTE)`1003`	69.9	70.9	52.8	52.4	46.7	32.6	29.7	25.7	27.8	26.9	21.8	23	19.9	19.8	-	-	-	-	-
Women (FTE)`1003`	8.6	7.8	1.5	1.7	1.8	1.8	1.4	0.8	2	1.3	1	1	1.6	3.4	-	-	-	-	-
Agency workers`1501`	7.1	6.2	-	6.4	16.2	8.6	6.2	7.8	3.6	2.1	2.7	2.2	1.4	2.9	2.7	-	-	-	-
Hours worked`1013`	117,205	114,525	83,602	80,124	76,441	55,932	51,279	45,404	49,553	48,896	37,419	37,021	33,440	35,133	33,577	32,562	26,336	25,944	18,460
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 11 older financial years (1997-2007) were filed as documents without figures as data, scans for example.

The notes to these accounts have 91 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 30-07-2026.

Download as CSV

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	full format	30-07-2026	2026-00367896	PDF
31-12-2024	full format	31-07-2025	2025-00352262	PDF
31-12-2023	full format	12-08-2024	2024-00350857	PDF
31-12-2022	full format	25-07-2023	2023-00274009	PDF
31-12-2021	full format	06-07-2022	2022-20150187	PDF
31-12-2020	full format	08-03-2021	2021-07200091	PDF
31-12-2019	full format	28-07-2020	2020-36100225	PDF
31-12-2018	full format	10-07-2019	2019-31500171	PDF
31-12-2017	full format	24-07-2018	2018-36800378	PDF
31-12-2016	full format	14-06-2017	2017-17700342	PDF
31-12-2015	full format	04-07-2016	2016-27700304	PDF
31-12-2014	full format	23-06-2015	2015-21400526	PDF
31-12-2013	full format	08-07-2014	2014-28600491	PDF
31-12-2012	full format	18-07-2013	2013-32200364	PDF
31-12-2011	full format	09-07-2012	2012-27900254	PDF
31-12-2010	abbreviated format	27-06-2011	2011-21400340	PDF
31-12-2009	abbreviated format	13-07-2010	2010-30200492	PDF
31-12-2008	abbreviated format	17-06-2009	2009-24600063	PDF
31-12-2007	abbreviated format	11-06-2008	2008-21500037	PDF
31-03-2007	abbreviated format	27-09-2007	2007-74000252	PDF
31-03-2006	abbreviated format	18-10-2006	2006-84302484	PDF
31-03-2005	abbreviated format	29-09-2005	2005-75500467	PDF
31-03-2004	abbreviated format	09-09-2004	2004-63701082	PDF
31-03-2003	abbreviated format	30-10-2003	2003-77001659	PDF
31-03-2002	abbreviated format	09-12-2002	2002-75700875	PDF
31-03-2001	abbreviated format	18-10-2001	2001-65103679	PDF
31-03-2000	abbreviated format	18-09-2000	2000-57100755	PDF
31-03-1999	abbreviated format	07-10-1999	1999-52004105	PDF
31-03-1998	abbreviated format	29-09-1998	1998-49701078	PDF
31-03-1997	abbreviated format	30-09-1997	1997-46803826	PDF

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €42,295 awarded, €41,266 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€18,233

Call groene stroom (discontinued)

€13,795

Subsidies voor internationaal ondernemen

€10,267

Year	Entries	Awarded	Paid
2025	1	€8,070	€7,530
2024	2	€13,226	€12,737
2023	3	€5,244	€19,039
2022	2	€15,755	€1,960

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
6.7m	5.7m	6.0m	7.4m	11.3m	8.3m	4.7m	3.1m	2.6m	2.8m	2.1m	2.3m	1.5m	2.1m	2.5m	1.8m	1.2m	1.2m	1.3m
5.1m	4.7m	4.8m	5.7m	8.6m	6.2m	3.4m	2.2m	1.8m	1.9m	1.4m	1.5m	1.0m	1.4m	1.7m	1.2m	826,832	896,647	911,387
787,716	929,737	1.5m	1.7m	1.1m	381,670	221,711	461,078	808,461	502,499	547,898	221,756	1.5m	311,257	196,333	270,196	674,451	332,573	172,979
1.9m	-1.4m	-2.2m	7,631	3.1m	1.3m	-112,347	-157,247	-51,232	-10,684	178,703	231,770	21,144	-290,891	231,565	-559,381	392,908	-316,645	-
7.9m	7.3m	9.2m	10.9m	7.0m	4.5m	1.7m	1.7m	1.4m	1.7m	1.3m	1.2m	1.0m	747,292	1.1m	866,248	1.4m	804,052	494,177
12.2%	11.1%	13.3%	15.8%	23.4%	24.4%	17.3%	13.5%	12.1%	15.3%	12.8%	15.2%	11.0%	15.5%	19.5%	-	-	-	-
69.1%	76.1%	75.6%	60.7%	53.6%	69.6%	48.1%	42.6%	39.2%	36.1%	35.7%	37.4%	33.0%	34.8%	41.2%	31.6%	45.0%	40.0%	27.7%
1.75	2.24	2.71	2.27	2.01	3.83	1.90	1.81	1.66	1.90	2.00	2.14	1.90	1.61	2.13	1.95	2.85	1.89	1.41
1.02	1.20	1.56	1.48	1.32	2.04	0.40	0.51	0.53	0.70	0.69	0.71	0.70	0.51	0.81	0.53	1.45	0.58	0.74
0.45	0.31	0.32	0.65	0.86	0.44	1.08	1.35	1.55	1.77	1.80	1.67	2.03	1.87	1.42	2.16	1.19	1.45	2.55
17.1%	18.5%	22.0%	36.0%	89.3%	96.6%	93.3%	56.5%	48.9%	61.2%	52.4%	63.5%	38.9%	79.8%	82.2%	73.8%	27.0%	42.1%	73.6%
11.8%	14.0%	16.6%	21.8%	47.9%	67.2%	44.8%	24.1%	19.2%	22.1%	18.7%	23.7%	12.9%	27.8%	33.9%	23.3%	12.2%	16.8%	20.4%
over 100	over 100	over 100	over 100	over 100	84.73	43.13	28.16	22.89	23.03	16.35	17.64	11.42	22.03	24.41	-	-	-	-
21 days	23 days	14 days	11 days	10 days	5 days	7 days	13 days	10 days	16 days	7 days	10 days	10 days	8 days	7 days	-	-	-	-
81 days	33 days	57 days	32 days	14 days	10 days	17 days	24 days	17 days	17 days	14 days	15 days	21 days	20 days	17 days	-	-	-	-

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.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	81	79	59	53	54
full-time	78	78	58	52	53
part-time	3	1	1	1	1
in full-time equivalents	80.1	78.8	58.4	52.4	53.8
	78.5	78.7	54.3	54.1	48.5
On a permanent contract	81	79	59	53	54
Joined	8	28	13	6	24
Left	6	8	7	7	6
Agency workers, average number	7.1	6.2	-	6.4	16.2
Training hours	1,002	-	-	-	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
	€31.1m	€31.1m	€31.1m	€31.1m	€31.1m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€492,325	€808,534	€916,545	€1.7m	€1.1m
Intangible fixed assets	€103,933	€121,202	€611,604	€18,765	-
Financial fixed assets	€191,459	-	-	-	-
	€1.1m	€1.1m	€910,787	€705,605	€605,545

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is CALLENS VANDELANOTTE.

Item	2025	2024	2023	2022	2021
Fee for the audit	€14,790	€13,209	€9,850	€9,360	€9,200
Other work by the auditor	-	-	€3,250	€3,250	-
Work by persons linked to the auditor	€3,380	€3,768	-	-	-

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on TECHNICS & APPLICATIONS

The operating result for 2025 is 20% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 23.9% to 30.9%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency69.1%

Current ratio1.75

Return on assets11.8%

Staff

Men and women11% women

Staff cost per FTE€68,341

Joined and left+2 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €42,295 awarded, €41,266 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Insights on TECHNICS & APPLICATIONS

Next steps

in €m

in €m

69.1%

1.75

11.8%

€68,341

+2 people