Thread
Annual accounts 2025
micro format, filed on 23-07-2026, 8 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 ≈ €240,000. Estimated: probably between €200,000 and €280,000.
Balance sheet
balance sheet total €430,647 on 31-12-2025in euro
in euro
Position in the sector
90.1%
Higher than 89% of 39,376 companies in 2025.
10.01
Higher than 90% of 38,058 companies in 2025.
20.8%
Higher than 60% of 38,530 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
430,647 | 319,326 | 289,720 | 224,718 | 192,715 | 186,968 | 136,369 | 111,965 | 124,366 | 51,435 | 35,150 | 40,026 | 44,010 | 40,960 | 61,331 | 80,613 | 101,670 | |
21/28 |
2,873 | 309 | 1,333 | 3,639 | 5,951 | 18,387 | 26,678 | 42,264 | 60,048 | 29,351 | 4,754 | 7,782 | 8,494 | 3,993 | 12,287 | 46,014 | 62,019 | |
22/27 |
2,873 | 309 | 1,333 | 3,639 | 5,944 | 18,387 | 26,678 | 42,264 | 60,048 | 29,351 | 4,754 | 7,782 | 8,494 | 3,993 | 12,287 | 46,014 | 62,019 | |
23 |
0 | 309 | 1,333 | 3,639 | 5,944 | 8,250 | 5,260 | 505 | 540 | 289 | 1,354 | 2,252 | 492 | 845 | 2,004 | 11,574 | 16,759 | |
24 |
2,873 | - | - | - | - | 10,137 | 21,417 | 41,758 | 59,508 | 29,062 | 3,400 | 5,529 | 8,002 | 3,149 | 10,284 | 34,439 | 45,259 | |
28 |
- | - | - | - | 7 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
427,774 | 319,017 | 288,387 | 221,080 | 186,764 | 168,581 | 109,692 | 69,702 | 64,319 | 22,085 | 30,396 | 32,244 | 35,516 | 36,967 | 49,044 | 34,600 | 39,651 | |
40/41 |
40,553 | 19,567 | 55,287 | 36,474 | 26,977 | 19,058 | 21,967 | 16,276 | 18,986 | 20,605 | 14,585 | 15,446 | 24,648 | 35,392 | 33,977 | 23,595 | 38,564 | |
40 |
40,553 | 19,567 | 55,287 | 36,474 | 19,577 | 19,058 | 16,430 | 10,631 | 10,318 | 10,230 | 10,137 | 2,843 | 24,648 | 35,392 | 33,977 | 23,595 | 30,982 | |
41 |
- | - | - | - | 7,400 | - | 5,537 | 5,645 | 8,668 | 10,374 | 4,448 | 12,603 | - | - | - | - | 7,582 | |
54/58 |
387,221 | 299,450 | 233,099 | 184,605 | 159,787 | 149,524 | 87,724 | 53,426 | 45,332 | 1,480 | 15,810 | 16,798 | 10,869 | 1,575 | 15,067 | 11,005 | 1,087 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
430,647 | 319,326 | 289,720 | 224,718 | 192,715 | 186,968 | 136,369 | 111,965 | 124,366 | 51,435 | 35,150 | 40,026 | 44,010 | 40,960 | 61,331 | 80,613 | 101,670 | |
10/15 |
387,918 | 298,161 | 255,846 | 206,717 | 147,649 | 118,770 | 81,188 | 63,205 | 28,463 | 30,289 | 26,553 | 23,603 | 26,079 | 24,454 | 9,419 | 2,043 | 5,242 | |
10/11 |
- | - | 0 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
385,141 | 295,384 | 253,069 | 185,340 | 126,271 | 97,392 | 59,810 | 7,086 | 7,086 | 7,086 | 3,350 | 400 | 400 | 300 | - | - | - | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 400 | 400 | 300 | - | - | - | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
385,141 | 295,384 | 253,069 | 183,480 | 124,411 | 95,532 | 57,950 | 5,226 | 5,226 | 5,226 | 1,490 | - | - | - | - | - | - | |
14 |
2,778 | 2,778 | 2,778 | 2,778 | 2,778 | 2,778 | 2,778 | 37,519 | 2,778 | 4,603 | 4,603 | 4,603 | 7,079 | 5,554 | -9,181 | -16,557 | -13,358 | |
17/49 |
42,729 | 21,164 | 33,873 | 18,001 | 45,066 | 68,198 | 55,181 | 48,760 | 95,903 | 21,147 | 8,596 | 16,423 | 17,932 | 16,506 | 51,913 | 78,570 | 96,428 | |
42/48 |
42,729 | 21,164 | 33,873 | 18,001 | 45,066 | 68,198 | 55,181 | 48,760 | 95,903 | 21,147 | 8,596 | 16,423 | 17,932 | 16,506 | 51,913 | 78,570 | 96,428 | |
44 |
- | 0 | 4,826 | 3,352 | 2,423 | 3,174 | - | 3,314 | 11,119 | 5,085 | 1,038 | 13,773 | 919 | 248 | 175 | 8,853 | - | |
440/4 |
- | 0 | 4,826 | 3,352 | 2,423 | 3,174 | - | 3,314 | 11,119 | 5,085 | 1,038 | 13,773 | 919 | 248 | 175 | 8,853 | - | |
45 |
25,256 | 12,722 | 22,985 | 10,074 | 1,187 | 5,463 | 3,267 | - | 2,084 | - | 2,303 | 2,650 | 14,760 | 15,638 | 16,858 | 7,884 | 3,342 | |
450/3 |
25,256 | 12,722 | 22,985 | 10,074 | 1,187 | 5,463 | 3,267 | - | 2,084 | - | 2,303 | 2,650 | 8,260 | 15,638 | 16,858 | 7,884 | 3,342 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,500 | - | - | - | - | |
47/48 |
17,473 | 8,442 | 6,062 | 4,575 | 41,455 | 59,561 | 51,915 | 45,446 | 82,700 | 16,061 | 5,255 | - | 2,253 | 619 | 34,880 | 61,834 | 93,086 | |
| Income statement | ||||||||||||||||||
9900 |
138,646 | 102,369 | 107,506 | 87,607 | 57,922 | 69,404 | 67,527 | 58,065 | 25,711 | 20,538 | 11,069 | 2,829 | 17,052 | 31,409 | 28,361 | 24,530 | 17,391 | |
62 |
- | 0 | 56 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
1,236 | 1,024 | 2,305 | 2,305 | 12,442 | 13,413 | 21,991 | 20,875 | 21,682 | 11,916 | 3,441 | 3,646 | 4,737 | 8,294 | 11,187 | 20,908 | 26,044 | |
640/8 |
2,239 | 2,710 | 2,673 | 2,199 | 2,839 | 1,903 | 2,246 | 2,363 | 3,596 | 1,411 | 1,217 | 1,810 | 1,147 | 1,186 | 1,823 | 2,227 | 4,581 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 8,094 | - | 2,987 | 3,097 | - | |
9901 |
135,170 | 98,634 | 102,470 | 83,102 | 42,640 | 54,087 | 43,290 | 34,827 | 433 | 7,210 | 6,411 | -2,627 | 11,168 | 21,929 | 15,351 | 1,395 | -13,234 | |
75/76B |
- | - | - | - | - | - | 4 | - | - | - | 229 | 559 | 2 | - | - | - | 32 | |
75 |
- | - | - | - | - | - | 4 | - | - | - | 229 | 559 | 2 | - | - | - | 32 | |
65/66B |
87 | 137 | 81 | 89 | 161 | 6 | 185 | 85 | 169 | 176 | 137 | 170 | 512 | 204 | 307 | 78 | 156 | |
65 |
87 | 137 | 81 | 89 | 161 | 6 | 185 | 85 | 169 | 176 | 137 | 170 | 512 | 204 | 307 | 78 | 156 | |
9903 |
135,083 | 98,497 | 102,389 | 83,014 | 42,479 | 54,082 | 43,110 | 34,742 | 264 | 7,035 | 6,502 | -2,238 | 2,564 | 21,725 | 12,057 | -1,781 | -13,358 | |
67/77 |
45,326 | 33,301 | 34,660 | 23,945 | 13,600 | 16,500 | 13,267 | - | 2,090 | 3,300 | 3,552 | 237 | 940 | 6,690 | 4,681 | 1,418 | - | |
9904 |
89,757 | 65,197 | 67,729 | 59,068 | 28,879 | 37,582 | 29,843 | 34,742 | -1,826 | 3,735 | 2,950 | -2,475 | 1,624 | 15,035 | 7,376 | -3,199 | -13,358 | |
9905 |
89,757 | 65,197 | 67,729 | 59,068 | 28,879 | 37,582 | 29,843 | 34,742 | -1,826 | 3,735 | 2,950 | -2,475 | 1,624 | 15,035 | 7,376 | -3,199 | -13,358 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
92,535 | 67,974 | 70,507 | 61,846 | 31,657 | 40,359 | 32,621 | 37,519 | 2,778 | 8,338 | 7,553 | 4,603 | 7,179 | 5,854 | -9,181 | -16,557 | -13,358 | |
14P |
2,778 | 2,778 | 2,778 | 2,778 | 2,778 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 22,882 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
89,757 | 65,197 | 67,729 | 59,068 | 28,879 | 37,582 | 29,843 | - | - | 3,735 | 2,950 | - | 100 | 300 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,460 | - | 100 | 300 | - | - | - | |
6921 |
89,757 | 65,197 | 67,729 | 59,068 | 28,879 | 37,582 | 29,843 | - | - | 3,735 | 1,490 | - | - | - | - | - | - | |
694/7 |
0 | 22,882 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
0 | 22,882 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 9 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 23-07-2026.
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 | 23-07-2026 | 2026-00344372 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00208450 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00323398 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00259480 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20212636 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-56500003 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23900374 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41700160 | |
| 31-12-2017 | micro format | 10-08-2018 | 2018-44800354 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-46200528 | |
| 31-12-2015 | abbreviated format | 29-06-2016 | 2016-23900324 | |
| 31-12-2014 | abbreviated format | 16-07-2015 | 2015-33400095 | |
| 31-12-2013 | abbreviated format | 10-07-2014 | 2014-29300302 | |
| 31-12-2012 | abbreviated format | 29-07-2013 | 2013-36000086 | |
| 31-12-2011 | abbreviated format | 11-09-2012 | 2012-56000313 | |
| 31-12-2010 | abbreviated format | 11-07-2011 | 2011-27700266 | |
| 31-12-2009 | abbreviated format | 09-07-2010 | 2010-29000148 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 136,406 | 99,659 | 104,776 | 85,408 | 55,083 | 67,501 | 65,281 | 55,702 | 22,115 | 19,127 | 9,852 | 1,020 | 15,905 | 30,223 | 26,538 | 22,303 | 12,810 | ||
| 90,993 | 66,221 | 70,035 | 61,374 | 41,322 | 50,995 | 51,834 | 55,617 | 19,857 | 15,651 | 6,391 | 1,171 | 6,362 | 23,330 | 18,563 | 17,710 | 12,686 | ||
| 3,800 | 0 | 0 | -7 | 7 | 5,122 | 6,405 | 3,091 | 52,379 | 36,513 | 413 | 2,934 | 9,238 | 0 | 4,083 | 4,904 | 88,063 | ||
| 87,771 | 66,351 | 48,494 | 24,818 | 10,263 | 61,799 | 34,299 | 8,093 | 43,852 | -14,330 | -988 | 5,930 | 9,294 | -13,492 | 4,062 | 9,918 | - | ||
| 385,046 | 297,853 | 254,513 | 203,079 | 141,698 | 100,383 | 54,510 | 20,941 | -31,585 | 938 | 21,799 | 15,822 | 17,584 | 20,461 | -2,869 | -43,971 | -56,777 | ||
| 90.1% | 93.4% | 88.3% | 92.0% | 76.6% | 63.5% | 59.5% | 56.5% | 22.9% | 58.9% | 75.5% | 59.0% | 59.3% | 59.7% | 15.4% | 2.5% | 5.2% | ||
| 10.01 | 15.07 | 8.51 | 12.28 | 4.14 | 2.47 | 1.99 | 1.43 | 0.67 | 1.04 | 3.54 | 1.96 | 1.98 | 2.24 | 0.94 | 0.44 | 0.41 | ||
| 0.11 | 0.07 | 0.13 | 0.09 | 0.31 | 0.57 | 0.68 | 0.77 | 3.37 | 0.70 | 0.32 | 0.70 | 0.69 | 0.67 | 5.51 | 38.46 | 18.40 | ||
| 23.1% | 21.9% | 26.5% | 28.6% | 19.6% | 31.6% | 36.8% | 55.0% | -6.4% | 12.3% | 11.1% | -10.5% | 6.2% | 61.5% | 78.3% | -156.6% | -254.9% | ||
| 20.8% | 20.4% | 23.4% | 26.3% | 15.0% | 20.1% | 21.9% | 31.0% | -1.5% | 7.3% | 8.4% | -6.2% | 3.7% | 36.7% | 12.0% | -4.0% | -13.1% | ||
| over 100 | over 100 | over 100 | 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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,800 | - | - | - | - |
| Financial fixed assets | €0 | - | - | - | €7 |
| €1,236 | €1,024 | €2,305 | €2,305 | €12,442 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Thread
The operating result for 2025 is 37% higher than in 2024 and the highest since 2009. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 6.6% to 9.9%. Equity and debt are higher.