THEAPI
Annual accounts 2025
micro format, filed on 26-06-2026, 35 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 ≈ €110,000. Estimated: probably between €83,000 and €140,000.
Balance sheet
balance sheet total €32,967 on 31-12-2025in euro
in euro
Position in the sector
21.5%
Higher than 22% of 21,217 companies in 2025.
1.01
Higher than 18% of 20,581 companies in 2025.
73.1%
Higher than 95% of 20,756 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
32,967 | 69,729 | 61,940 | 28,520 | |
21/28 |
6,773 | 8,236 | - | - | |
22/27 |
6,773 | 8,236 | - | - | |
23 |
1,187 | 1,997 | - | - | |
24 |
5,586 | 6,239 | - | - | |
29/58 |
26,194 | 61,493 | 61,940 | 28,520 | |
40/41 |
15,899 | 10,268 | 9,680 | 9,196 | |
40 |
10,301 | 10,268 | 9,680 | 9,196 | |
41 |
5,598 | - | - | - | |
54/58 |
10,295 | 50,354 | 52,260 | 19,324 | |
490/1 |
- | 872 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
32,967 | 69,729 | 61,940 | 28,520 | |
10/15 |
7,103 | 55,482 | 31,169 | 10,984 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
14 |
5,103 | 53,482 | 29,169 | 8,984 | |
17/49 |
25,864 | 14,248 | 30,772 | 17,536 | |
42/48 |
25,864 | 14,248 | 30,772 | 17,536 | |
44 |
5,031 | 1,494 | 16,673 | 8,457 | |
440/4 |
5,031 | 1,494 | 16,673 | 8,457 | |
45 |
16,833 | 12,722 | 13,299 | 8,279 | |
450/3 |
12,520 | 12,722 | 13,299 | 8,279 | |
454/9 |
4,313 | - | - | - | |
47/48 |
4,000 | 32 | 800 | 800 | |
| Income statement | |||||
9900 |
32,360 | 32,665 | 28,659 | 12,950 | |
630 |
1,463 | 724 | - | - | |
640/8 |
- | - | 26 | - | |
9901 |
30,897 | 31,942 | 28,633 | 12,950 | |
75/76B |
677 | - | - | 0 | |
75 |
677 | - | - | 0 | |
65/66B |
124 | 166 | 38 | - | |
65 |
124 | 130 | 38 | - | |
66B |
- | 36 | - | - | |
9903 |
31,450 | 31,776 | 28,595 | 12,950 | |
67/77 |
7,347 | 7,463 | 7,610 | 3,166 | |
9904 |
24,103 | 24,313 | 20,985 | 9,784 | |
9905 |
24,103 | 24,313 | 20,985 | 9,784 | |
| Appropriation of the result | |||||
9906 |
77,584 | 53,482 | 29,969 | 9,784 | |
14P |
53,482 | 29,169 | 8,984 | - | |
694/7 |
72,482 | - | 800 | 800 | |
694 |
72,482 | - | 800 | 800 | |
| Document | |||||
The notes to these accounts have 4 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 26-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 32,360 | 32,665 | - | - | ||
| 25,566 | 25,037 | - | - | ||
| 0 | 8,959 | - | - | ||
| -40,058 | -1,907 | 32,936 | - | ||
| 330 | 47,246 | 31,169 | 10,984 | ||
| 21.5% | 79.6% | 50.3% | 38.5% | ||
| 1.01 | 4.32 | 2.01 | 1.63 | ||
| 3.64 | 0.26 | 0.99 | 1.60 | ||
| 339.3% | 43.8% | 67.3% | 89.1% | ||
| 73.1% | 34.9% | 33.9% | 34.3% | ||
| over 100 | over 100 | - | - |
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 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €8,959 | - | - |
| €1,463 | €724 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on THEAPI
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total rises from 20.4% to 78.5%. Equity is lower and debt is higher.