Value Squared
Annual accounts 2025
micro format, filed on 16-07-2026, 15 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 ≈ €330,000. Estimated: probably between €280,000 and €400,000.
Balance sheet
balance sheet total €399,447 on 31-12-2025in euro
in euro
Position in the sector
54.1%
Higher than 49% of 39,368 companies in 2025.
2.46
Higher than 56% of 38,051 companies in 2025.
33.4%
Higher than 74% of 38,523 companies in 2025.
Net result: top quarter · Equity: middle half · 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 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
399,447 | 149,293 | |
21/28 |
5,018 | 4,107 | |
22/27 |
5,018 | 4,107 | |
24 |
5,018 | 4,107 | |
29/58 |
394,429 | 145,185 | |
3 |
0 | 3,250 | |
30/36 |
0 | 3,250 | |
40/41 |
288 | 15,438 | |
40 |
0 | 15,438 | |
41 |
288 | - | |
50/53 |
341,157 | 3,000 | |
54/58 |
52,602 | 123,330 | |
490/1 |
382 | 167 | |
| Balance sheet: equity and liabilities | |||
10/49 |
399,447 | 149,293 | |
10/15 |
216,294 | 79,952 | |
10/11 |
3,000 | - | |
13 |
213,294 | 79,952 | |
133 |
213,294 | 79,952 | |
17/49 |
183,153 | 69,340 | |
17 |
21,233 | 18,529 | |
178/9 |
21,233 | 18,529 | |
42/48 |
160,504 | 50,812 | |
44 |
62,416 | 8,380 | |
440/4 |
62,416 | 8,380 | |
45 |
98,088 | 42,432 | |
450/3 |
98,088 | 42,432 | |
492/3 |
1,416 | - | |
| Income statement | |||
9900 |
196,726 | 115,416 | |
630 |
1,523 | 31 | |
640/8 |
0 | 379 | |
9901 |
195,203 | 115,006 | |
75/76B |
6,750 | 3 | |
75 |
6,750 | 3 | |
65/66B |
3,003 | 1,998 | |
65 |
3,003 | 1,998 | |
9903 |
198,950 | 113,012 | |
67/77 |
65,608 | 33,060 | |
9904 |
133,342 | 79,952 | |
9905 |
133,342 | 79,952 | |
| Appropriation of the result | |||
9906 |
133,342 | 79,952 | |
691/2 |
133,342 | 79,952 | |
6921 |
133,342 | 79,952 | |
| 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 2025 at the NBB, filed on 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 196,726 | 115,037 | ||
| 134,865 | 79,983 | ||
| 2,434 | 4,138 | ||
| -70,728 | - | ||
| 233,925 | 94,374 | ||
| 54.1% | 53.6% | ||
| 2.46 | 2.86 | ||
| 2.46 | 2.79 | ||
| 0.85 | 0.87 | ||
| 61.6% | 100.0% | ||
| 33.4% | 53.6% | ||
| 65.51 | 57.59 |
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 |
|---|---|---|
| Tangible fixed assets | €2,434 | €4,138 |
| €1,523 | €31 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Value Squared
The operating result for 2025 is 70% higher than in 2024.
Debt's share of the balance-sheet total falls from 46.4% to 45.9%. Equity and debt are higher.