ThinkAlong
Annual accounts 2025
micro format, filed on 27-07-2026, 4 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 ≈ €130,000. Estimated: probably between €79,000 and €240,000.
Balance sheet
balance sheet total €111,267 on 31-12-2025in euro
in euro
Position in the sector
19.1%
Higher than 23% of 2,300 companies in 2025.
1.15
Higher than 27% of 2,197 companies in 2025.
18.7%
Higher than 57% of 2,231 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · 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 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
111,267 | 88,049 | 99,987 | 138,838 | 105,016 | 76,227 | |
21/28 |
8,014 | 3,972 | 4,848 | 2,201 | - | - | |
22/27 |
8,014 | 3,972 | 4,848 | 2,201 | - | - | |
24 |
6,496 | 2,227 | 2,875 | - | - | - | |
26 |
1,517 | 1,745 | 1,973 | 2,201 | - | - | |
29/58 |
103,253 | 84,076 | 95,140 | 136,638 | 105,016 | 76,227 | |
40/41 |
19,147 | 16,751 | 14,399 | 17,787 | 20,333 | 14,714 | |
40 |
12,705 | 10,309 | 14,399 | 17,787 | 10,890 | 14,714 | |
41 |
6,442 | 6,442 | - | 0 | 9,443 | - | |
54/58 |
84,106 | 66,295 | 80,220 | 117,829 | 83,698 | 60,915 | |
490/1 |
0 | 1,031 | 521 | 1,021 | 985 | 599 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
111,267 | 88,049 | 99,987 | 138,838 | 105,016 | 76,227 | |
10/15 |
21,255 | 22,968 | 86,952 | 108,328 | 75,219 | 48,707 | |
10/11 |
500 | 500 | 500 | 500 | 500 | 500 | |
13 |
20,755 | 22,468 | 86,452 | 107,828 | 74,719 | 48,207 | |
133 |
20,755 | 22,468 | 86,452 | 107,828 | 74,719 | 48,207 | |
14 |
0 | 0 | 0 | - | - | - | |
17/49 |
90,011 | 65,080 | 13,035 | 30,511 | 29,798 | 27,520 | |
42/48 |
90,011 | 65,000 | 12,955 | 29,968 | 29,255 | 27,520 | |
44 |
445 | 517 | 2,130 | 688 | 425 | 3,019 | |
440/4 |
445 | 517 | 2,130 | 688 | 425 | 3,019 | |
45 |
7,455 | 6,161 | 8,868 | 27,106 | 28,745 | 21,187 | |
450/3 |
5,488 | 4,204 | 8,868 | 27,106 | 26,788 | 21,187 | |
454/9 |
1,968 | 1,958 | - | 0 | 1,958 | - | |
47/48 |
82,111 | 58,321 | 1,957 | 2,174 | 84 | 3,314 | |
492/3 |
0 | 80 | 80 | 543 | 543 | - | |
| Income statement | |||||||
9900 |
32,859 | 33,119 | 71,323 | 44,361 | 35,701 | 62,675 | |
630 |
2,672 | 875 | 592 | 77 | - | - | |
640/8 |
1,773 | 1,296 | 1,129 | 102 | 101 | - | |
9901 |
28,414 | 30,947 | 69,603 | 44,182 | 35,600 | 62,675 | |
75/76B |
23 | - | 0 | 142 | - | - | |
75 |
23 | - | 0 | 142 | - | - | |
65/66B |
60 | 320 | 461 | 621 | 775 | 929 | |
65 |
60 | 320 | 461 | 621 | 775 | 929 | |
9903 |
28,376 | 30,626 | 69,142 | 43,703 | 34,825 | 61,746 | |
67/77 |
7,621 | 8,158 | 15,799 | 10,594 | 8,314 | 13,538 | |
9904 |
20,755 | 22,468 | 53,343 | 33,109 | 26,511 | 48,207 | |
9905 |
20,755 | 22,468 | 53,343 | 33,109 | 26,511 | 48,207 | |
| Appropriation of the result | |||||||
9906 |
20,755 | 22,468 | 53,343 | 33,109 | 26,511 | 48,207 | |
791/2 |
22,468 | 86,452 | 74,719 | - | - | - | |
691/2 |
20,755 | 22,468 | 53,343 | 33,109 | 26,511 | 48,207 | |
6921 |
20,755 | 22,468 | 53,343 | 33,109 | 26,511 | 48,207 | |
694/7 |
22,468 | 86,452 | 74,719 | - | - | - | |
694 |
22,468 | 86,452 | 74,719 | - | - | - | |
| Document | |||||||
The notes to these accounts have 5 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 27-07-2026.
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 | micro format | 27-07-2026 | 2026-00336746 | |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00208704 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00275137 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00267037 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20199564 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26500357 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 31,086 | 31,822 | 70,195 | 44,259 | - | - | ||
| 23,427 | 23,344 | 53,935 | 33,186 | - | - | ||
| 6,713 | 0 | 3,239 | 2,277 | - | - | ||
| 17,811 | -13,925 | -37,610 | 34,132 | 22,783 | - | ||
| 13,241 | 19,076 | 82,185 | 106,670 | 75,761 | 48,707 | ||
| 19.1% | 26.1% | 87.0% | 78.0% | 71.6% | 63.9% | ||
| 1.15 | 1.29 | 7.34 | 4.56 | 3.59 | 2.77 | ||
| 4.23 | 2.83 | 0.15 | 0.28 | 0.40 | 0.57 | ||
| 97.6% | 97.8% | 61.3% | 30.6% | 35.2% | 99.0% | ||
| 18.7% | 25.5% | 53.3% | 23.8% | 25.2% | 63.2% | ||
| over 100 | 99.32 | over 100 | 71.22 | - | - |
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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,713 | - | €3,239 | €2,277 | - |
| €2,672 | €875 | €592 | €77 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ThinkAlong
The operating result for 2025 is 8% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 73.9% to 80.9%. Equity is lower and debt is higher.