THINKABLE
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-12-2025 PDF all 4 filings
Turnover
≈ €210,000
Estimated: probably between €140,000 and €370,000
Total assets
€68,592▼ 74.9%
2024 · €273,100
Net result
€55,675▼ 34.3%
2024 · €84,750
Working capital
€4,339▲ 24.1%
2024 · €3,496
Trend over the years
2022 to 2025, 4 financial years
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2022.
Operating result€69,486
2025
Net result€55,675
2025
Total assets€68,592
2025
Equity€6,000
2025
Debt€62,592
2025
Working capital€4,339
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€98,910-€106,776▲ 8.0%€108,797▲ 1.9%€69,486▼ 36.1%
Net result€77,649-€83,238▲ 7.2%€84,750▲ 1.8%€55,675▼ 34.3%
Equity€69,363-€152,601▲ 120%€6,000▼ 96.1%€6,000=
Total assets€115,738-€185,411▲ 60.2%€273,100▲ 47.3%€68,592▼ 74.9%
Debt€46,375-€32,810▼ 29.2%€267,100▲ 714%€62,592▼ 76.6%
Working capital€67,208-€150,962▲ 125%€3,496▼ 97.7%€4,339▲ 24.1%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,592
Fixed assets
€1,661 ▼ 33.6%
Current assets
€66,931 ▼ 75.3%
Equity and liabilities €68,592
Equity
€6,000 =
Debt
€62,592 ▼ 76.6%
Debt's share of the balance-sheet total falls from 97.8% to 91.3%. Debt is lower.
Key figures and ratios
EBITDA
€70,328▼
2024 · €109,559
Cash flow
€56,517▼
2024 · €85,512
Current ratio
1.07▲
2024 · 1.01
Debt to equity
10.43▼
2024 · 44.52
ROE
927.9%
ROA
81.2%▲
2024 · 31.0%
Interest coverage
68.12▼
2024 · over 100
Debt ≤ 1 year
€62,592▼
2024 · €267,100
Income taxes
€14,925▼
2024 · €23,036
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,584 | - | €1,627 | - |
| Depreciation and write-downs of the year | €429 | €517 | €762 | €842 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €429 | €517 | €762 | €842 | ▲ 10.5% |
| Other operating charges640/8 | €0 | - | - | €758 | - |
| Gross operating margin9900 | €99,339 | €107,293 | €109,559 | €71,086 | ▼ 35.1% |
| Operating profit (loss)9901 | €98,910 | €106,776 | €108,797 | €69,486 | ▼ 36.1% |
| Financial income75/76B | €38 | €4 | €0 | €2,147 | ▲ 5,367× |
| Recurring financial income75 | €38 | €4 | €0 | €2,147 | ▲ 5,367× |
| Financial charges65/66B | €705 | €1,016 | €1,012 | €1,032 | ▲ 2.1% |
| Recurring financial charges65 | €705 | €1,016 | €1,012 | €1,032 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €98,244 | €105,764 | €107,785 | €70,600 | ▼ 34.5% |
| Income taxes67/77 | €20,595 | €22,526 | €23,036 | €14,925 | ▼ 35.2% |
| Profit (loss) for the period9904 | €77,649 | €83,238 | €84,750 | €55,675 | ▼ 34.3% |
| Profit (loss) for the period to be appropriated9905 | €77,649 | €83,238 | €84,750 | €55,675 | ▼ 34.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €115,738 | €185,411 | €273,100 | €68,592 | ▼ 74.9% |
| Fixed assets21/28 | €2,155 | €1,638 | €2,504 | €1,661 | ▼ 33.6% |
| Tangible fixed assets22/27 | €2,155 | €1,638 | €2,504 | €1,661 | ▼ 33.6% |
| Furniture and vehicles24 | €2,155 | €1,638 | €2,504 | €1,661 | ▼ 33.6% |
| Current assets29/58 | €113,583 | €183,773 | €270,597 | €66,931 | ▼ 75.3% |
| Amounts receivable within one year40/41 | €29,355 | €25,032 | €29,299 | €8,322 | ▼ 71.6% |
| Trade receivables40 | €29,355 | €25,032 | €29,299 | €247 | ▼ 99.2% |
| Other amounts receivable41 | €0 | - | - | €8,075 | - |
| Current investments50/53 | - | - | €150,000 | - | - |
| Cash at bank and in hand54/58 | €84,205 | €158,597 | €91,153 | €58,465 | ▼ 35.9% |
| Deferred charges and accrued income490/1 | €22 | €144 | €145 | €144 | ▼ 0.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €115,738 | €185,411 | €273,100 | €68,592 | ▼ 74.9% |
| Equity10/15 | €69,363 | €152,601 | €6,000 | €6,000 | = |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €63,363 | €146,601 | €0 | - | - |
| Amounts payable17/49 | €46,375 | €32,810 | €267,100 | €62,592 | ▼ 76.6% |
| Amounts payable within one year42/48 | €46,375 | €32,810 | €267,100 | €62,592 | ▼ 76.6% |
| Trade debts44 | €3,505 | €2,707 | €4,521 | €2,423 | ▼ 46.4% |
| Suppliers440/4 | €3,505 | €2,707 | €4,521 | €2,423 | ▼ 46.4% |
| Taxes, remuneration and social security45 | €28,584 | €30,104 | €30,916 | €3,853 | ▼ 87.5% |
| Taxes450/3 | €28,584 | €30,104 | €30,916 | €3,853 | ▼ 87.5% |
| Remuneration and social security454/9 | €0 | - | - | - | - |
| Other amounts payable47/48 | €14,286 | - | €231,663 | €56,316 | ▼ 75.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,649 | €83,238 | €84,750 | €55,675 | ▼ 34.3% |
| + Depreciation and write-downs630 | €429 | €517 | €762 | €842 | ▲ 10.5% |
| Operating cash flow (approximation) | €78,078 | €83,755 | €85,512 | €56,517 | ▼ 33.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,627 | €0 | - |
| Change in cash | - | €74,392 | -€67,444 | -€32,688 | ▲ 51.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.