TRANSCODE
Annual accounts 2025
micro format, filed on 02-06-2026, 59 days before the deadlineBalance sheet
balance sheet total €182,729 on 31-12-2025in euro
in euro
Position in the sector
57.0%
Higher than 47% of 22,044 companies in 2025.
2.17
Higher than 46% of 21,344 companies in 2025.
4.9%
Higher than 26% of 21,535 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 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
182,729 | 218,485 | 252,562 | 210,096 | 206,090 | 209,416 | 168,586 | 103,056 | |
20 |
0 | 0 | 0 | 0 | 300 | 600 | 901 | 1,201 | |
21/28 |
12,332 | 18,833 | 25,180 | 17,278 | 21,520 | 11,202 | 11,928 | 7,716 | |
22/27 |
12,332 | 18,833 | 25,180 | 17,278 | 21,520 | 11,202 | 11,928 | 7,716 | |
23 |
9,291 | 11,631 | 13,971 | 16,311 | 18,819 | 8,848 | 10,167 | 6,981 | |
24 |
3,041 | 7,202 | 11,208 | 967 | 2,701 | 2,354 | 1,761 | 736 | |
29/58 |
170,397 | 199,653 | 227,382 | 192,818 | 184,269 | 197,613 | 155,757 | 94,139 | |
40/41 |
35,067 | 6,200 | 5,143 | 14,143 | 16,542 | 14,112 | 14,911 | 11,400 | |
40 |
32,182 | 3,899 | 0 | 9,000 | 10,800 | 12,825 | 14,911 | 11,400 | |
41 |
2,885 | 2,301 | 5,143 | 5,143 | 5,742 | 1,287 | 0 | 0 | |
50/53 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 10,000 | - | |
54/58 |
85,330 | 143,452 | 172,148 | 128,586 | 117,728 | 133,501 | 130,847 | 82,657 | |
490/1 |
- | 0 | 90 | 89 | - | - | 0 | 82 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
182,729 | 218,485 | 252,562 | 210,096 | 206,090 | 209,416 | 168,586 | 103,056 | |
10/15 |
104,239 | 152,223 | 183,381 | 195,464 | 185,779 | 170,313 | 113,325 | 57,020 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 12,400 | 12,400 | |
13 |
91,839 | 139,823 | 170,981 | 183,064 | 173,379 | 157,913 | 100,925 | 44,620 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
132 |
5,711 | 5,711 | 5,711 | 5,711 | 5,711 | 5,711 | 5,711 | - | |
133 |
84,268 | 132,252 | 163,410 | 175,493 | 165,808 | 150,342 | 93,354 | 42,760 | |
17/49 |
78,490 | 66,263 | 69,180 | 14,632 | 20,311 | 39,103 | 55,261 | 46,036 | |
42/48 |
78,490 | 66,263 | 69,180 | 14,632 | 18,327 | 39,103 | 55,261 | 46,036 | |
44 |
1,634 | 1,855 | 7,106 | 5,898 | 6,943 | 8,664 | 10,197 | 17,644 | |
440/4 |
1,634 | 1,855 | 7,106 | 5,898 | 6,943 | 8,664 | 10,197 | 17,644 | |
45 |
22,718 | 16,317 | 13,163 | 3,844 | 8,660 | 27,648 | 38,178 | 19,213 | |
450/3 |
22,718 | 16,317 | 13,163 | 3,844 | 8,660 | 27,648 | 38,178 | 19,213 | |
454/9 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
47/48 |
54,139 | 48,090 | 48,912 | 4,890 | 2,725 | 2,790 | 6,886 | 9,179 | |
492/3 |
- | - | - | 0 | 1,984 | - | - | - | |
| Income statement | |||||||||
70 |
0 | 0 | 0 | 0 | 0 | - | 0 | 0 | |
9900 |
20,734 | 34,183 | 48,680 | 18,217 | 24,572 | 81,392 | 80,066 | 63,004 | |
60/61 |
0 | 0 | 0 | 0 | 0 | - | 0 | 0 | |
630 |
7,352 | 7,070 | 5,853 | 4,542 | 3,932 | 2,856 | 2,458 | 1,531 | |
640/8 |
101 | - | 93 | 85 | 84 | 84 | 144 | - | |
9901 |
13,281 | 27,113 | 42,734 | 13,590 | 20,555 | 78,452 | 77,463 | 61,472 | |
75/76B |
34 | - | - | 0 | 65 | 24 | 32 | - | |
75 |
34 | - | - | 0 | 65 | 24 | 32 | - | |
65/66B |
647 | 35 | 81 | 80 | 63 | 77 | 74 | 74 | |
65 |
647 | 35 | 81 | 80 | 63 | 77 | 74 | 74 | |
9903 |
12,669 | 27,078 | 42,653 | 13,510 | 20,558 | 78,400 | 77,422 | 61,398 | |
67/77 |
3,665 | 7,642 | 11,976 | 3,825 | 5,092 | 21,412 | 21,116 | 16,779 | |
9904 |
9,004 | 19,436 | 30,677 | 9,685 | 15,466 | 56,988 | 56,306 | 44,620 | |
689 |
- | - | - | - | - | - | 56,306 | 42,760 | |
9905 |
9,004 | 19,436 | 30,677 | 9,685 | 15,466 | 56,988 | 0 | 1,860 | |
| Appropriation of the result | |||||||||
9906 |
9,004 | 19,436 | 30,677 | 9,685 | 15,466 | 56,988 | 0 | 1,860 | |
791/2 |
56,988 | 50,595 | 42,760 | - | - | - | - | - | |
691/2 |
9,004 | 19,436 | 30,677 | 9,685 | 15,466 | 56,988 | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
9,004 | 19,436 | 30,677 | 9,685 | 15,466 | 56,988 | - | - | |
694/7 |
56,988 | 50,595 | 42,760 | - | - | - | - | - | |
694 |
56,988 | 50,595 | 42,760 | - | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-06-2026.
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 | 02-06-2026 | 2026-00131630 | |
| 31-12-2024 | micro format | 16-06-2025 | 2025-00141463 | |
| 31-12-2023 | micro format | 26-05-2024 | 2024-00095911 | |
| 31-12-2022 | micro format | 17-06-2023 | 2023-00137146 | |
| 31-12-2021 | micro format | 02-07-2022 | 2022-20131081 | |
| 31-12-2020 | micro format | 16-06-2021 | 2021-21100264 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21000312 | |
| 31-12-2018 | micro format | 22-07-2019 | 2019-36800112 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 20,633 | 34,183 | 48,587 | 18,132 | 24,488 | 81,308 | 79,922 | 63,004 | ||
| 16,356 | 26,506 | 36,531 | 14,227 | 19,398 | 59,844 | 58,764 | 46,151 | ||
| 851 | 723 | 13,755 | 0 | 13,951 | 1,829 | 6,370 | 8,948 | ||
| -58,123 | -28,696 | 43,562 | 10,859 | -15,774 | 2,654 | 48,190 | - | ||
| 91,907 | 133,390 | 158,202 | 178,186 | 165,943 | 158,511 | 100,496 | 48,102 | ||
| 57.0% | 69.7% | 72.6% | 93.0% | 90.1% | 81.3% | 67.2% | 55.3% | ||
| 2.17 | 3.01 | 3.29 | 13.18 | 10.05 | 5.05 | 2.82 | 2.04 | ||
| 0.75 | 0.44 | 0.38 | 0.07 | 0.11 | 0.23 | 0.49 | 0.81 | ||
| 8.6% | 12.8% | 16.7% | 5.0% | 8.3% | 33.5% | 49.7% | 78.3% | ||
| 4.9% | 8.9% | 12.1% | 4.6% | 7.5% | 27.2% | 33.4% | 43.3% | ||
| 31.91 | 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.
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | €22,718 | €16,317 | €13,163 | €3,844 | €8,660 |
| Overdue social security (RSZ) debts | - | - | - | €0 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €851 | €723 | €13,755 | €0 | €13,951 |
| €7,352 | €7,070 | €5,853 | €4,542 | €3,932 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TRANSCODE
The operating result for 2025 is 51% lower than in 2024 and the lowest since 2018. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 30.3% to 43.0%. Equity is lower and debt is higher.