Value Object
Annual accounts 2026
micro format, filed on 30-10-2026, 1 day 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 ≈ €89,000. Estimated: probably between €73,000 and €120,000.
Balance sheet
balance sheet total €1.1m on 31-03-2026in €m
in euro
Position in the sector
90.5%
Higher than 86% of 21,206 companies in 2025.
8.92
Higher than 79% of 20,569 companies in 2025.
9.3%
Higher than 33% of 20,744 companies in 2025.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.1m | 1.2m | 1.2m | 1.3m | 770,169 | 593,859 | |
21/28 |
166,828 | 368,329 | 370,014 | 371,698 | 1,241 | 8,208 | |
22/27 |
1,828 | 3,329 | 5,014 | 6,698 | 1,241 | 2,008 | |
24 |
1,828 | 3,329 | 5,014 | 6,698 | 1,241 | 2,008 | |
28 |
165,000 | 365,000 | 365,000 | 365,000 | - | 6,200 | |
29/58 |
935,424 | 859,066 | 825,857 | 896,555 | 768,928 | 585,651 | |
29 |
94,472 | 87,000 | 17,000 | - | - | - | |
290 |
94,472 | 87,000 | 17,000 | - | - | - | |
40/41 |
73,402 | 66,435 | 93,990 | 279,831 | 305,152 | 145,649 | |
40 |
149 | - | 5,194 | 60,500 | 197,076 | 129,852 | |
41 |
73,252 | 66,435 | 88,796 | 219,331 | 108,076 | 15,798 | |
50/53 |
753,493 | 670,855 | 703,172 | 273,100 | 140,500 | 17,500 | |
54/58 |
11,518 | 34,775 | 11,695 | 343,625 | 323,275 | 418,308 | |
490/1 |
2,540 | - | - | - | - | 4,194 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.1m | 1.2m | 1.2m | 1.3m | 770,169 | 593,859 | |
10/15 |
997,428 | 1.1m | 1.1m | 1.2m | 719,368 | 524,099 | |
10/11 |
1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | |
13 |
996,328 | 1.1m | 1.1m | 1.2m | 718,268 | 522,999 | |
132 |
252,600 | 252,600 | 252,600 | 252,600 | - | - | |
133 |
743,728 | 826,992 | 868,734 | 946,477 | 718,268 | 522,999 | |
14 |
- | - | -27,893 | - | - | - | |
17/49 |
104,824 | 146,703 | 101,330 | 68,077 | 50,801 | 69,761 | |
42/48 |
104,824 | 146,703 | 101,330 | 68,077 | 50,801 | 69,097 | |
42 |
- | - | - | 33,566 | - | - | |
43 |
361 | 60 | 1,037 | 62 | 54 | 1,370 | |
430/8 |
361 | 60 | 1,037 | 62 | 54 | 1,370 | |
44 |
3,505 | 1,376 | - | 754 | 2,243 | 22,466 | |
440/4 |
3,505 | 1,376 | - | 754 | 2,243 | 22,466 | |
45 |
26,013 | 29,841 | 3,887 | 10,557 | 1,757 | 28,587 | |
450/3 |
26,013 | 29,841 | 3,887 | 10,557 | 1,757 | 28,587 | |
47/48 |
74,945 | 115,426 | 96,405 | 23,139 | 46,746 | 16,673 | |
492/3 |
- | - | - | - | - | 664 | |
| Income statement | |||||||
76A |
- | - | - | - | 23,500 | - | |
9900 |
26,805 | 118,194 | -25,486 | 226,710 | 479,228 | 269,758 | |
630 |
1,501 | 1,685 | 1,685 | 1,185 | 766 | 917 | |
631/4 |
- | - | - | 9,387 | - | - | |
640/8 |
1,780 | 1,154 | 1,120 | 3,593 | 999 | 2,140 | |
66A |
1,374 | - | - | 708 | - | - | |
9901 |
22,150 | 115,355 | -28,290 | 211,837 | 477,462 | 266,701 | |
75/76B |
125,100 | 16,332 | 5,872 | 355,285 | 112 | 10 | |
75 |
125,100 | 16,332 | 5,872 | 355,285 | 112 | 10 | |
65/66B |
1,368 | 1,460 | 560 | 2,094 | 1,933 | 2,283 | |
65 |
1,368 | 1,460 | 560 | 2,094 | 1,933 | 2,283 | |
9903 |
145,881 | 130,227 | -22,978 | 565,029 | 475,641 | 264,428 | |
67/77 |
43,303 | 22,575 | 4,915 | 83,077 | 143,601 | 78,587 | |
9904 |
102,578 | 107,652 | -27,893 | 481,952 | 332,040 | 185,841 | |
689 |
- | - | - | 252,600 | - | - | |
9905 |
102,578 | 107,652 | -27,893 | 229,352 | 332,040 | 185,841 | |
| Appropriation of the result | |||||||
9906 |
102,578 | 79,759 | -27,893 | 229,352 | 332,040 | 185,841 | |
14P |
- | -27,893 | - | - | - | - | |
791/2 |
185,841 | 121,501 | 77,743 | 1,144 | 136,770 | - | |
691/2 |
102,578 | 79,759 | - | 229,352 | 332,040 | 185,841 | |
6921 |
102,578 | 79,759 | - | 229,352 | 332,040 | 185,841 | |
694/7 |
185,841 | 121,501 | 77,743 | 1,144 | 136,770 | - | |
694 |
185,841 | 121,501 | 77,743 | 1,144 | 136,770 | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00595284 | |
| 31-03-2025 | micro format | 29-10-2025 | 2025-00552184 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00520281 | |
| 31-03-2023 | micro format | 30-11-2023 | 2023-00519214 | |
| 31-03-2022 | micro format | 09-01-2023 | 2023-20555127 | |
| 31-03-2021 | micro format | 02-11-2021 | 2021-76500343 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|---|
| 23,651 | 117,040 | -26,606 | 213,022 | 478,228 | 267,618 | ||
| 104,079 | 109,336 | -26,208 | 483,137 | 332,806 | 186,759 | ||
| -200,000 | 0 | 0 | 371,642 | -6,200 | 1,781 | ||
| -23,257 | 23,080 | -331,930 | 20,349 | -95,033 | - | ||
| 830,600 | 712,363 | 724,527 | 828,478 | 718,127 | 516,555 | ||
| 90.5% | 88.0% | 91.5% | 94.6% | 93.4% | 88.3% | ||
| 8.92 | 5.86 | 8.15 | 13.17 | 15.14 | 8.48 | ||
| 0.11 | 0.14 | 0.09 | 0.06 | 0.07 | 0.13 | ||
| 10.3% | 10.0% | -2.5% | 40.2% | 46.2% | 35.5% | ||
| 9.3% | 8.8% | -2.3% | 38.0% | 43.1% | 31.3% | ||
| 17.28 | 80.14 | -47.54 | 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 | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €6,642 | - |
| Financial fixed assets | - | - | - | €365,000 | - |
| €1,501 | €1,685 | €1,685 | €1,185 | €766 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on Value Object
The operating result for 2026 is 81% lower than in 2025.
Debt's share of the balance-sheet total falls from 12.0% to 9.5%. Equity and debt are lower.