This Might Work
Annual accounts 2025
micro format, filed on 02-07-2026, 29 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 ≈ €200,000. Estimated: probably between €170,000 and €260,000.
Balance sheet
balance sheet total €97,311 on 31-12-2025in euro
in euro
Position in the sector
33.7%
Higher than 29% of 21,205 companies in 2025.
2.63
Higher than 53% of 20,568 companies in 2025.
14.4%
Higher than 43% of 20,743 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€54,918
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
97,311 | 65,565 | 56,995 | 90,435 | 74,280 | |
21/28 |
20,052 | 20,456 | 22,019 | 18,685 | 14,178 | |
22/27 |
20,052 | 20,456 | 22,019 | 18,685 | 14,178 | |
23 |
9,619 | 12,069 | 14,956 | 13,282 | 12,936 | |
24 |
10,433 | 8,387 | 7,063 | 5,404 | 1,242 | |
29/58 |
77,259 | 45,110 | 34,977 | 71,750 | 60,102 | |
29 |
25,000 | - | - | - | - | |
291 |
25,000 | - | - | - | - | |
40/41 |
26,639 | 37,111 | 29,061 | 39,862 | 49,262 | |
40 |
22,791 | 9,259 | 24,184 | 35,597 | 48,456 | |
41 |
3,848 | 27,851 | 4,877 | 4,265 | 806 | |
54/58 |
24,001 | 6,054 | 4,283 | 30,267 | 9,765 | |
490/1 |
1,618 | 1,945 | 1,633 | 1,621 | 1,074 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
97,311 | 65,565 | 56,995 | 90,435 | 74,280 | |
10/15 |
32,774 | 18,717 | 3,375 | 12,581 | 11,905 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
27,774 | 13,717 | 7,581 | 7,581 | 6,905 | |
133 |
27,774 | 13,717 | 7,581 | 7,581 | 6,905 | |
14 |
- | - | -9,205 | 0 | - | |
17/49 |
64,537 | 46,848 | 53,620 | 77,854 | 62,374 | |
17 |
35,000 | 35,000 | 35,000 | 35,000 | - | |
170/4 |
35,000 | 35,000 | 35,000 | 35,000 | - | |
42/48 |
29,369 | 11,848 | 18,620 | 20,514 | 40,034 | |
42 |
10,000 | - | 2,944 | 2,923 | 1,672 | |
44 |
1,395 | 2,523 | 364 | 3,405 | 18,796 | |
440/4 |
1,395 | 2,523 | 364 | 3,405 | 18,796 | |
45 |
15,282 | 9,324 | 11,167 | 10,094 | 8,089 | |
450/3 |
8,337 | 9,324 | 5,740 | 5,723 | 2,217 | |
454/9 |
6,945 | - | 5,426 | 4,371 | 5,872 | |
47/48 |
2,693 | - | 4,146 | 4,092 | 11,478 | |
492/3 |
168 | - | - | 22,340 | 22,340 | |
| Income statement | ||||||
9900 |
87,183 | 79,368 | 41,700 | 44,848 | 57,241 | |
62 |
54,918 | 51,047 | 40,438 | 36,811 | 41,018 | |
630 |
9,413 | 6,916 | 4,614 | 4,565 | 3,684 | |
640/8 |
1,197 | 1,174 | 215 | 422 | 959 | |
66A |
- | - | 4,934 | - | - | |
9901 |
21,655 | 20,231 | -8,501 | 3,050 | 11,580 | |
75/76B |
91 | 634 | 44 | 50 | 1 | |
75 |
91 | 634 | 44 | 50 | 1 | |
65/66B |
1,140 | 643 | 547 | 883 | 481 | |
65 |
1,140 | 643 | 547 | 883 | 481 | |
9903 |
20,606 | 20,222 | -9,003 | 2,217 | 11,100 | |
67/77 |
6,550 | 4,880 | 202 | 1,541 | 4,194 | |
9904 |
14,057 | 15,342 | -9,205 | 675 | 6,905 | |
9905 |
14,057 | 15,342 | -9,205 | 675 | 6,905 | |
| Appropriation of the result | ||||||
9906 |
14,057 | 6,137 | -9,205 | 675 | 6,905 | |
14P |
- | -9,205 | - | - | - | |
691/2 |
14,057 | 6,137 | - | 675 | 6,905 | |
6921 |
14,057 | 6,137 | - | 675 | 6,905 | |
| Social balance sheet | ||||||
9087 |
1 | 1 | 0.8 | 1 | 1 | |
Hours worked1013 |
1,763 | 1,465 | 1,465 | 1,869 | 2,530 | |
| Document | ||||||
The notes to these accounts have 8 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 02-07-2026.
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 | 02-07-2026 | 2026-00273304 | |
| 31-12-2024 | micro format | 14-08-2025 | 2025-00379455 | |
| 31-12-2023 | micro format | 08-08-2024 | 2024-00336788 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00207682 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20259992 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 31,069 | 27,147 | -3,887 | 7,615 | 15,264 | ||
| 23,470 | 22,258 | -4,592 | 5,240 | 10,589 | ||
| 9,010 | 5,353 | 12,881 | 9,072 | 17,862 | ||
| 17,947 | 1,771 | -25,985 | 20,502 | - | ||
| 47,890 | 33,262 | 16,357 | 51,235 | 20,067 | ||
| 33.7% | 28.5% | 5.9% | 13.9% | 16.0% | ||
| 2.63 | 3.81 | 1.88 | 3.50 | 1.50 | ||
| 1.97 | 2.50 | 15.89 | 6.19 | 5.24 | ||
| 42.9% | 82.0% | -272.7% | 5.4% | 58.0% | ||
| 14.4% | 23.4% | -16.2% | 0.7% | 9.3% | ||
| 27.26 | 42.22 | -7.11 | 8.63 | 31.70 |
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 | 1 | 1 | - | 1 | - |
| full-time | 1 | - | - | 1 | - |
| part-time | - | 1 | - | - | - |
| in full-time equivalents | 1 | 0.8 | - | 1 | - |
| 1 | 0.8 | 0.8 | 1 | 1 | |
| On a permanent contract | 1 | 1 | - | 1 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,010 | €5,353 | €12,881 | €9,072 | €17,862 |
| €9,413 | €6,916 | €4,614 | €4,565 | €3,684 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on This Might Work
The operating result for 2025 is 7% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 71.5% to 66.3%. Equity and debt are higher.