VALUE +
Annual accounts 2025
micro format, filed on 15-05-2026, 77 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 ≈ €55,000. Estimated: probably between €25,000 and €100,000.
Balance sheet
balance sheet total €30,069 on 31-12-2025in euro
in euro
Position in the sector
91.7%
Higher than 92% of 13,800 companies in 2025.
11.59
Higher than 92% of 13,181 companies in 2025.
8.2%
Higher than 64% of 13,360 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · 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 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
30,069 | 28,619 | 20,286 | 67,567 | 132,435 | 149,623 | 161,012 | 199,493 | 130,033 | 104,432 | 92,640 | 84,437 | 25,360 | |
21/28 |
1,082 | 250 | 250 | 250 | 250 | 250 | - | - | 372 | 743 | 576 | 1,153 | - | |
22/27 |
832 | - | - | - | - | - | - | - | 372 | 743 | 576 | 1,153 | - | |
24 |
832 | - | - | - | - | - | - | - | 372 | 743 | 576 | 1,153 | - | |
28 |
250 | 250 | 250 | 250 | 250 | 250 | - | - | - | - | - | - | - | |
29/58 |
28,987 | 28,369 | 20,036 | 67,317 | 132,185 | 149,373 | 161,012 | 199,493 | 129,661 | 103,688 | 92,063 | 83,284 | 25,360 | |
3 |
- | - | 0 | 35,986 | 74,119 | 103,007 | 121,484 | 156,190 | 103,734 | 87,235 | 51,063 | 56,041 | 19,773 | |
30/36 |
- | - | 0 | 35,986 | 74,119 | 103,007 | 121,484 | 156,190 | 103,734 | 87,235 | 51,063 | 56,041 | 19,773 | |
40/41 |
9,916 | 8,468 | 6,611 | 10,993 | 20,177 | 14,807 | 21,606 | 38,514 | 13,354 | 8,676 | 12,918 | 6,342 | 1,848 | |
40 |
6,541 | 7,981 | 6,086 | 7,488 | 19,943 | 11,023 | 16,366 | 38,030 | 13,334 | 8,585 | 12,918 | 3,116 | 1,848 | |
41 |
3,375 | 487 | 525 | 3,505 | 235 | 3,784 | 5,240 | 484 | 21 | 91 | - | 3,226 | - | |
54/58 |
13,851 | 19,087 | 12,647 | 19,428 | 36,988 | 30,616 | 16,375 | 3,838 | 11,069 | 6,970 | 27,383 | 20,602 | 3,441 | |
490/1 |
5,221 | 814 | 778 | 909 | 900 | 943 | 1,547 | 951 | 1,503 | 807 | 699 | 300 | 298 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
30,069 | 28,619 | 20,286 | 67,567 | 132,435 | 149,623 | 161,012 | 199,493 | 130,033 | 104,432 | 92,640 | 84,437 | 25,360 | |
10/15 |
27,569 | 25,116 | 6,884 | 26,815 | 58,470 | 42,572 | 47,770 | 65,777 | 61,053 | 51,885 | 45,927 | 30,798 | 19,536 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
23,822 | 23,822 | 23,822 | 25,682 | 25,682 | 8,184 | 8,184 | 8,184 | 1,860 | 1,860 | 1,860 | 960 | 360 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 960 | 360 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
23,822 | 23,822 | 23,822 | 23,822 | 23,822 | 6,324 | 6,324 | 6,324 | - | - | - | - | - | |
14 |
-8,653 | -11,106 | -29,338 | -11,267 | 20,388 | 21,988 | 27,186 | 45,193 | 46,793 | 37,625 | 31,667 | 17,438 | 6,776 | |
17/49 |
2,500 | 3,503 | 13,402 | 40,752 | 73,965 | 107,052 | 113,242 | 133,717 | 68,980 | 52,546 | 46,712 | 53,639 | 5,824 | |
17 |
- | - | - | 0 | 6,956 | 17,218 | 23,112 | 33,059 | - | - | - | - | - | |
170/4 |
- | - | - | 0 | 6,956 | 17,218 | 23,112 | 33,059 | - | - | - | - | - | |
42/48 |
2,500 | 3,503 | 13,402 | 40,752 | 65,158 | 76,355 | 76,115 | 77,485 | 65,775 | 50,546 | 44,712 | 51,639 | 3,824 | |
42 |
- | - | 0 | 6,956 | 10,263 | 10,062 | 9,947 | 9,752 | - | - | - | - | - | |
43 |
0 | 263 | 0 | 15 | - | - | - | - | 19,370 | - | - | - | - | |
430/8 |
0 | 263 | 0 | 15 | - | - | - | - | 19,370 | - | - | - | - | |
44 |
400 | 540 | 1,654 | 6,005 | 4,983 | 2,227 | 5,199 | 9,034 | 11,664 | 10,408 | 9,280 | 11,988 | 322 | |
440/4 |
400 | 540 | 1,654 | 6,005 | 4,983 | 2,227 | 5,199 | 9,034 | 11,664 | 10,408 | 9,280 | 11,988 | 322 | |
45 |
2,100 | 1,432 | 5,480 | 2,852 | 7,050 | 5,141 | 1,092 | 6,697 | 7,810 | 8,625 | 8,572 | 5,747 | 3,404 | |
450/3 |
2,100 | 1,432 | 5,480 | 2,852 | 7,050 | 5,141 | 1,092 | 6,697 | 7,810 | 8,625 | 8,572 | 5,747 | 3,404 | |
47/48 |
0 | 1,268 | 6,268 | 24,924 | 42,861 | 58,924 | 59,876 | 52,003 | 26,930 | 31,513 | 26,860 | 33,904 | 98 | |
492/3 |
- | - | - | 0 | 1,852 | 13,479 | 14,015 | 23,172 | 3,205 | 2,000 | 2,000 | 2,000 | 2,000 | |
| Income statement | ||||||||||||||
76A |
- | - | 0 | 377 | - | - | - | - | - | - | - | - | - | |
9900 |
6,378 | 28,801 | -84,262 | -51,282 | 19,366 | -20,454 | -12,089 | 70,250 | 34,640 | 38,805 | 34,962 | 37,798 | 10,129 | |
630 |
411 | - | - | - | - | - | - | 372 | 372 | 948 | 576 | 576 | - | |
631/4 |
- | 0 | -74,246 | -35,215 | -4,641 | -20,900 | 2,255 | 56,380 | 17,654 | 27,077 | 10,108 | 21,529 | - | |
640/8 |
2,662 | 9,400 | 8,510 | 13,502 | 1,032 | 952 | 1,040 | 948 | 1,644 | 925 | 1,326 | 92 | 200 | |
66A |
- | - | - | - | - | - | - | 128 | - | - | - | 300 | - | |
9901 |
3,305 | 19,401 | -18,525 | -29,570 | 22,975 | -506 | -15,384 | 12,423 | 14,970 | 9,855 | 22,952 | 15,601 | 9,929 | |
75/76B |
45 | 0 | 0 | 0 | 0 | 260 | 358 | 30 | 18 | 31 | 15 | 529 | 19 | |
75 |
45 | 0 | 0 | 0 | 0 | 260 | 358 | 30 | 18 | 31 | 15 | 529 | 19 | |
65/66B |
391 | 651 | 860 | 1,630 | 2,712 | 3,137 | 2,736 | 2,613 | 1,801 | 1,269 | 1,870 | 994 | 634 | |
65 |
391 | 651 | 860 | 1,630 | 2,712 | 3,137 | 2,736 | 2,613 | 1,801 | 1,269 | 1,870 | 994 | 634 | |
9903 |
2,959 | 18,750 | -19,386 | -31,199 | 20,263 | -3,383 | -17,762 | 9,840 | 13,187 | 8,617 | 21,097 | 14,836 | 9,313 | |
67/77 |
506 | 519 | 545 | 455 | 2,765 | 216 | 244 | 3,516 | 4,019 | 2,659 | 5,967 | 3,573 | 2,177 | |
9904 |
2,453 | 18,231 | -19,931 | -31,654 | 17,498 | -3,599 | -18,007 | 6,324 | 9,167 | 5,958 | 15,129 | 11,262 | 7,136 | |
9905 |
2,453 | 18,231 | -19,931 | -31,654 | 17,498 | -3,599 | -18,007 | 6,324 | 9,167 | 5,958 | 15,129 | 11,262 | 7,136 | |
| Appropriation of the result | ||||||||||||||
9906 |
-8,653 | -11,106 | -31,198 | -11,267 | 39,486 | 23,588 | 27,186 | 53,117 | 46,793 | 37,625 | 32,567 | 18,038 | 7,136 | |
14P |
-11,106 | -29,338 | -11,267 | 20,388 | 21,988 | - | - | - | - | - | - | - | - | |
791/2 |
- | 0 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 17,498 | - | - | 6,324 | - | - | 900 | 600 | 360 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 900 | 600 | 360 | |
6921 |
- | - | - | 0 | 17,498 | - | - | 6,324 | - | - | - | - | - | |
694/7 |
- | - | - | 0 | 1,600 | 1,600 | - | 1,600 | - | - | - | - | - | |
694 |
- | - | - | 0 | 1,600 | 1,600 | - | 1,600 | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 12 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 15-05-2026.
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 | 15-05-2026 | 2026-00114635 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00203747 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00225719 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00226001 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20161218 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-36600235 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28900425 | |
| 31-12-2018 | micro format | 02-07-2019 | 2019-26900355 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17500044 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-28100557 | |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-29600002 | |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-24200272 | |
| 31-12-2013 | abbreviated format | 23-06-2014 | 2014-21300570 |
Subsidies and aid
Flemish government 2022 to 2025, 4 entries, €7,809 awarded, €7,809 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €4,583 | €4,583 |
| 2024 | 1 | €1,111 | €1,111 |
| 2023 | 1 | €1,269 | €1,269 |
| 2022 | 1 | €846 | €846 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,716 | - | - | - | - | - | - | 12,795 | 15,341 | 10,803 | 23,528 | 16,178 | - | ||
| 2,864 | - | - | - | - | - | - | 6,695 | 9,539 | 6,906 | 15,706 | 11,839 | - | ||
| 1,243 | - | - | 6,411 | - | 250 | - | 0 | 5,406 | 1,115 | 0 | 1,729 | - | ||
| -5,236 | 6,440 | -6,781 | -17,560 | 6,372 | 14,241 | 12,537 | -7,231 | 4,099 | -20,413 | 6,781 | 17,161 | - | ||
| 26,487 | 24,866 | 6,634 | 26,565 | 67,027 | 73,018 | 84,898 | 122,008 | 63,886 | 53,142 | 47,351 | 31,645 | 21,536 | ||
| 91.7% | 87.8% | 33.9% | 39.7% | 44.1% | 28.5% | 29.7% | 33.0% | 47.0% | 49.7% | 49.6% | 36.5% | 77.0% | ||
| 11.59 | 8.10 | 1.50 | 1.65 | 2.03 | 1.96 | 2.12 | 2.57 | 1.97 | 2.05 | 2.06 | 1.61 | 6.63 | ||
| 11.59 | 8.10 | 1.50 | 0.77 | 0.89 | 0.61 | 0.52 | 0.56 | 0.39 | 0.33 | 0.92 | 0.53 | 1.46 | ||
| 0.09 | 0.14 | 1.95 | 1.52 | 1.27 | 2.51 | 2.37 | 2.03 | 1.13 | 1.01 | 1.02 | 1.74 | 0.30 | ||
| 8.9% | 72.6% | -289.5% | -118.0% | 29.9% | -8.5% | -37.7% | 9.6% | 15.0% | 11.5% | 32.9% | 36.6% | 36.5% | ||
| 8.2% | 63.7% | -98.2% | -46.8% | 13.2% | -2.4% | -11.2% | 3.2% | 7.1% | 5.7% | 16.3% | 13.3% | 28.1% | ||
| 9.50 | - | - | - | - | - | - | - | - | - | - | - | - |
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 | €1,243 | - | - | €6,411 | - |
| Financial fixed assets | €0 | - | - | - | - |
| €411 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VALUE +
The operating result for 2025 is 83% lower than in 2024.
Debt's share of the balance-sheet total falls from 12.2% to 8.3%. Equity is higher and debt is lower.