Various Projects
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €170,000 and €230,000.
Balance sheet
balance sheet total €140,109 on 31-12-2025in euro
in euro
Position in the sector
78.0%
Higher than 72% of 21,208 companies in 2025.
3.54
Higher than 64% of 20,571 companies in 2025.
62.1%
Higher than 92% of 20,746 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
140,109 | 155,621 | 157,494 | 182,044 | 91,333 | 289,888 | 266,245 | 226,202 | 164,062 | 122,787 | 62,228 | |
20 |
- | - | - | - | - | - | - | - | - | - | 61 | |
21/28 |
31,097 | 38,611 | 660 | 990 | 1,328 | 5,144 | 12,998 | 13,950 | 19,253 | 23,488 | 5,464 | |
22/27 |
31,097 | 38,611 | 660 | 990 | 1,328 | 5,144 | 12,998 | 13,950 | 19,253 | 23,488 | 5,404 | |
23 |
2,584 | 1,489 | - | - | - | 396 | 891 | 1,825 | 892 | 1,543 | 448 | |
24 |
28,513 | 36,792 | - | - | 8 | 3,098 | 10,118 | 9,697 | 15,495 | 18,640 | 4,512 | |
26 |
0 | 330 | 660 | 990 | 1,320 | 1,650 | 1,989 | 2,428 | 2,866 | 3,305 | 443 | |
29/58 |
109,013 | 117,010 | 156,834 | 181,054 | 90,005 | 284,744 | 253,246 | 212,251 | 144,809 | 99,299 | 56,764 | |
29 |
- | - | 0 | 21,412 | 24,312 | 27,175 | - | 7,799 | 19,578 | - | - | |
291 |
- | - | 0 | 21,412 | 24,312 | 27,175 | - | 7,799 | 19,578 | - | - | |
40/41 |
21,178 | 15,547 | 37,563 | 56,138 | 22,817 | 41,880 | 77,437 | 59,984 | 75,627 | 35,482 | 25,865 | |
40 |
17,642 | 14,702 | 37,548 | 52,279 | 19,957 | 33,227 | 64,199 | 39,938 | 40,314 | 35,482 | 25,711 | |
41 |
3,537 | 846 | 15 | 3,859 | 2,860 | 8,654 | 13,239 | 20,046 | 35,313 | - | 155 | |
54/58 |
86,898 | 100,510 | 118,929 | 102,035 | 40,055 | 215,689 | 175,809 | 144,389 | 49,605 | 63,817 | 30,898 | |
490/1 |
936 | 953 | 343 | 1,468 | 2,820 | - | - | 79 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
140,109 | 155,621 | 157,494 | 182,044 | 91,333 | 289,888 | 266,245 | 226,202 | 164,062 | 122,787 | 62,228 | |
10/15 |
109,292 | 44,598 | 42,998 | 42,267 | 80,447 | 82,149 | 254,564 | 219,055 | 150,807 | 107,845 | 55,166 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
3,667 | 25,998 | 24,398 | 23,667 | 61,847 | 46,527 | 246,527 | 210,430 | 139,191 | 96,860 | 46,860 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | - | 1,860 | - | - | - | - | - | |
132 |
3,667 | 3,667 | 3,667 | 3,667 | 3,667 | 3,667 | 3,667 | 2,570 | 1,331 | - | - | |
133 |
0 | 22,332 | 20,732 | 20,000 | 58,181 | 41,000 | 241,000 | 206,000 | 136,000 | 95,000 | 45,000 | |
14 |
87,026 | 0 | 0 | - | - | 29,423 | 1,837 | 2,426 | 5,416 | 4,785 | 2,106 | |
17/49 |
30,817 | 111,022 | 114,496 | 139,777 | 10,886 | 207,739 | 11,681 | 7,146 | 13,255 | 14,942 | 7,062 | |
42/48 |
30,817 | 111,022 | 114,496 | 139,777 | 10,886 | 207,739 | 11,681 | 7,146 | 13,255 | 14,843 | 7,062 | |
44 |
2,391 | 1,312 | 1,275 | 2,903 | 906 | 949 | 1,547 | 605 | 1,130 | 4,256 | 1,069 | |
440/4 |
2,391 | 1,312 | 1,275 | 2,903 | 906 | 949 | 1,547 | 605 | 1,130 | 4,256 | 1,069 | |
45 |
5,026 | 13,651 | 21,032 | 7,181 | 9,508 | 6,789 | 9,322 | 5,982 | 8,488 | 9,848 | 5,311 | |
450/3 |
2,876 | 8,955 | 18,982 | 4,121 | 5,499 | 2,264 | 1,848 | 622 | 3,333 | 3,710 | 3,711 | |
454/9 |
2,150 | 4,696 | 2,050 | 3,060 | 4,009 | 4,525 | 7,474 | 5,359 | 5,155 | 6,138 | 1,600 | |
47/48 |
23,400 | 96,060 | 92,188 | 129,693 | 473 | 200,000 | 812 | 560 | 3,637 | 739 | 682 | |
492/3 |
- | - | - | - | - | - | - | - | - | 99 | 0 | |
| Income statement | ||||||||||||
76A |
0 | 5,000 | 5,400 | - | - | - | - | - | - | - | - | |
9900 |
119,511 | 129,628 | 118,483 | 135,325 | 95,888 | 60,047 | 93,065 | 130,175 | 103,344 | 102,271 | 77,115 | |
62 |
- | - | 0 | 19,284 | 20,668 | 16,603 | 36,702 | 35,601 | 34,872 | 19,178 | - | |
630 |
8,999 | 5,017 | 330 | 448 | 3,816 | 7,854 | 9,524 | 7,226 | 6,445 | 6,441 | 2,037 | |
640/8 |
520 | 505 | 493 | 450 | 449 | 448 | 973 | 444 | 94 | 92 | - | |
9901 |
109,992 | 124,106 | 117,659 | 115,144 | 70,955 | 35,142 | 45,866 | 86,905 | 61,933 | 76,560 | 75,077 | |
75/76B |
0 | 62 | 270 | 262 | 349 | 308 | 400 | 471 | 174 | 0 | - | |
75 |
0 | 62 | 270 | 262 | 349 | 308 | 400 | 471 | 174 | 0 | - | |
65/66B |
3 | 2 | 0 | 27 | 11 | 21 | 165 | 241 | 222 | 324 | 201 | |
65 |
3 | 2 | 0 | 27 | 11 | 21 | 165 | 241 | 222 | 324 | 201 | |
9903 |
109,989 | 124,167 | 117,929 | 115,379 | 71,293 | 35,429 | 46,101 | 87,136 | 61,886 | 76,236 | 74,877 | |
67/77 |
22,963 | 26,566 | 25,198 | 24,859 | 14,973 | 7,843 | 9,781 | 18,087 | 18,284 | 23,557 | 25,911 | |
9904 |
87,026 | 97,600 | 92,731 | 90,520 | 56,321 | 27,586 | 36,321 | 69,049 | 43,602 | 52,679 | 48,966 | |
689 |
- | - | - | - | - | - | 1,097 | 1,239 | 1,331 | - | - | |
9905 |
87,026 | 97,600 | 92,731 | 90,520 | 56,321 | 27,586 | 35,224 | 67,810 | 42,271 | 52,679 | 48,966 | |
| Appropriation of the result | ||||||||||||
9906 |
87,026 | 97,600 | 92,731 | 90,520 | 85,744 | 29,423 | 37,649 | 73,226 | 47,056 | 54,785 | 48,966 | |
14P |
- | - | - | - | 29,423 | - | - | - | - | - | - | |
791/2 |
22,332 | - | 0 | 38,180 | 41,000 | 200,000 | - | - | - | - | - | |
691/2 |
0 | 1,600 | 731 | - | 56,321 | - | 35,000 | 70,000 | 41,000 | 50,000 | 46,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
0 | 1,600 | 731 | - | 56,321 | - | 35,000 | 70,000 | 41,000 | 50,000 | 45,000 | |
694/7 |
22,332 | 96,000 | 92,000 | 128,700 | 70,423 | 200,000 | 812 | 800 | 640 | - | - | |
694 |
22,332 | 96,000 | 92,000 | 128,700 | 70,423 | 200,000 | 812 | 800 | 640 | - | - | |
| Social balance sheet | ||||||||||||
9087 |
- | 0 | 0 | 0.4 | 0.6 | - | 1 | 1 | 1 | - | - | |
Hours worked1013 |
- | - | - | 658 | 658 | - | 1,755 | 1,756 | 760 | - | - | |
| Document | ||||||||||||
The notes to these accounts have 7 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 29-06-2026.
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 | 29-06-2026 | 2026-00210382 | |
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00263133 | |
| 31-12-2023 | abbreviated format | 09-07-2024 | 2024-00224096 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00212605 | |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20161694 | |
| 31-12-2020 | abbreviated format | 14-07-2021 | 2021-36000359 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37300586 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-37600219 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36200554 | |
| 31-12-2016 | micro format | 18-07-2017 | 2017-32900231 | |
| 31-12-2015 | abbreviated format | 06-07-2016 | 2016-28700069 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 118,991 | 129,123 | 117,989 | 115,592 | 74,771 | 42,996 | 55,390 | 94,131 | 68,378 | 83,001 | 77,115 | ||
| 96,025 | 102,617 | 93,061 | 90,968 | 60,137 | 35,440 | 45,844 | 76,274 | 50,047 | 59,120 | 51,003 | ||
| 1,485 | 42,968 | 0 | 111 | 0 | 0 | 8,571 | 1,923 | 2,210 | 24,465 | 6,776 | ||
| -13,612 | -18,419 | 16,893 | 61,980 | -175,633 | 39,880 | 31,420 | 94,784 | -14,212 | 32,918 | - | ||
| 78,196 | 5,988 | 42,338 | 41,277 | 79,119 | 77,005 | 241,566 | 205,105 | 131,554 | 84,456 | 49,702 | ||
| 78.0% | 28.7% | 27.3% | 23.2% | 88.1% | 28.3% | 95.6% | 96.8% | 91.9% | 87.8% | 88.7% | ||
| 3.54 | 1.05 | 1.37 | 1.30 | 8.27 | 1.37 | 21.68 | 29.70 | 10.92 | 6.69 | 8.04 | ||
| 0.28 | 2.49 | 2.66 | 3.31 | 0.14 | 2.53 | 0.05 | 0.03 | 0.09 | 0.14 | 0.13 | ||
| 79.6% | 218.8% | 215.7% | 214.2% | 70.0% | 33.6% | 14.3% | 31.5% | 28.9% | 48.8% | 88.8% | ||
| 62.1% | 62.7% | 58.9% | 49.7% | 61.7% | 9.5% | 13.6% | 30.5% | 26.6% | 42.9% | 78.7% | ||
| 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.
Social balance sheet
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | - | 0.1 |
| 0.4 | 0.6 | |
| On a permanent contract | - | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,485 | €42,968 | - | - | - |
| €8,999 | €5,017 | €330 | €448 | €3,816 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Various Projects
The operating result for 2025 is 11% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 71.3% to 22.0%. Equity is higher and debt is lower.