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Annual accounts 2025
full format, filed on 23-06-2026, 38 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €180,000 and €310,000.
Balance sheet
balance sheet total €1.3m on 31-12-2025in €m
in euro
Position in the sector
88.1%
Higher than 86% of 1,168 companies in 2025.
5.40
Higher than 84% of 1,125 companies in 2025.
7.8%
Higher than 70% of 1,157 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 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.3m | 1.2m | 1.1m | 1.0m | 985,729 | 943,766 | 891,864 | 851,541 | 782,892 | 726,979 | 686,123 | 657,586 | 684,151 | 676,131 | 672,745 | 813,161 | 800,160 | 802,117 | 785,606 | 767,472 | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
482,802 | 486,484 | 492,638 | 498,793 | 504,948 | 511,102 | 517,199 | 521,588 | 530,289 | 538,989 | 547,690 | 536,392 | 538,407 | 536,943 | 544,072 | 551,233 | 548,061 | 550,231 | 556,157 | 562,083 | |
21 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
96,749 | 100,431 | 106,586 | 112,740 | 118,895 | 125,049 | 131,146 | 135,535 | 144,236 | 152,936 | 161,637 | 150,339 | 152,354 | 150,890 | 158,019 | 165,180 | 162,008 | 164,178 | 170,104 | 176,031 | |
22 |
96,749 | 100,431 | 106,586 | 112,740 | 118,895 | 125,049 | 131,146 | 135,535 | 142,979 | 150,423 | 157,867 | 145,312 | 152,354 | 150,890 | 158,019 | 165,180 | 162,008 | 164,178 | 169,910 | 175,643 | |
23 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | 194 | 388 | |
24 |
- | - | - | - | - | - | - | 0 | 1,257 | 2,514 | 3,770 | 5,027 | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,053 | 386,052 | |
29/58 |
859,951 | 743,512 | 625,868 | 550,791 | 480,781 | 432,663 | 374,665 | 329,953 | 252,603 | 187,990 | 138,433 | 121,194 | 145,744 | 139,188 | 128,673 | 261,928 | 252,099 | 251,886 | 229,449 | 205,389 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
2,923 | 36,740 | 109,292 | 181,533 | 44,632 | 102,846 | 47,080 | 58,481 | 32,490 | 10,809 | 3,350 | 3,680 | 10,360 | 9,638 | 143 | 142,542 | 134,340 | 136,784 | 118,476 | 100,992 | |
40 |
2,589 | 34,935 | 103,291 | 177,337 | 34,406 | 98,023 | 32,814 | 55,387 | 32,490 | 10,809 | 953 | - | 9,637 | 9,638 | 143 | - | 717 | - | - | - | |
41 |
333 | 1,805 | 6,001 | 4,196 | 10,226 | 4,823 | 14,267 | 3,094 | - | - | 2,397 | 3,680 | 723 | - | - | 142,542 | 133,623 | 136,784 | 118,476 | 100,992 | |
50/53 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | 30,000 | 60,000 | 60,000 | - | - | - | |
54/58 |
856,308 | 703,790 | 516,347 | 364,970 | 432,044 | 329,603 | 327,374 | 271,214 | 219,992 | 177,151 | 134,996 | 117,377 | 135,176 | 129,240 | 98,515 | 58,605 | 56,893 | 113,057 | 109,013 | 102,602 | |
490/1 |
721 | 2,982 | 230 | 4,287 | 4,105 | 215 | 210 | 258 | 122 | 30 | 87 | 137 | 208 | 310 | 15 | 781 | 866 | 2,045 | 1,960 | 1,795 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.3m | 1.2m | 1.1m | 1.0m | 985,729 | 943,766 | 891,864 | 851,541 | 782,892 | 726,979 | 686,123 | 657,586 | 684,151 | 676,131 | 672,745 | 813,161 | 800,160 | 802,117 | 785,606 | 767,472 | |
10/15 |
1.2m | 1.1m | 992,090 | 926,420 | 871,761 | 841,206 | 788,997 | 745,688 | 688,138 | 641,434 | 603,983 | 576,329 | 548,444 | 516,658 | 483,262 | 449,102 | 418,603 | 392,013 | 359,878 | 327,457 | |
10/11 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | |
10 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | |
101 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
11 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1.1m | 1.0m | 929,590 | 863,920 | 809,261 | 778,706 | 726,497 | 683,188 | 625,638 | 578,934 | 541,483 | 513,829 | 485,944 | 454,158 | 420,762 | 386,602 | 356,103 | 329,513 | 297,378 | 264,957 | |
130/1 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1.1m | 1.0m | 923,340 | 857,670 | 803,011 | 772,456 | 720,247 | 676,938 | 619,388 | 572,684 | 535,233 | 507,579 | 479,694 | 447,908 | 414,512 | 380,352 | 349,853 | 323,263 | 291,128 | 258,707 | |
14 |
0 | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
15 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
159,419 | 150,778 | 126,417 | 123,163 | 113,967 | 102,560 | 102,867 | 105,853 | 94,754 | 85,545 | 82,140 | 81,257 | 135,707 | 159,473 | 189,483 | 364,059 | 381,557 | 410,104 | 425,728 | 440,015 | |
17 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 47,410 | 63,727 | 99,762 | 134,583 | 168,241 | 200,792 | 232,285 | 262,769 | |
170/4 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 47,410 | 63,727 | 99,762 | 134,583 | 168,241 | 200,792 | 232,285 | 262,769 | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
159,277 | 150,778 | 126,417 | 123,141 | 113,946 | 102,540 | 102,652 | 105,824 | 94,744 | 85,537 | 82,118 | 81,222 | 85,948 | 93,382 | 87,416 | 227,052 | 210,871 | 206,688 | 190,831 | 174,654 | |
42 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 16,317 | 36,036 | 34,820 | 33,658 | 32,550 | 31,493 | 30,485 | 29,522 | |
43 |
6,083 | 6,110 | 5,731 | 6,031 | 6,029 | 6,026 | 6,023 | 6,020 | 4,349 | 3,349 | 3,705 | 3,715 | 3,710 | 3,725 | 3,723 | 3,713 | 3,739 | 3,741 | 3,747 | 3,730 | |
430/8 |
6,083 | 6,110 | 5,731 | 6,031 | 6,029 | 6,026 | 6,023 | 6,020 | 4,349 | 3,349 | 3,705 | 3,715 | 3,710 | 3,725 | 3,723 | 3,713 | 3,739 | 3,741 | 3,747 | 3,730 | |
439 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
377 | 3,286 | 2,436 | 9,539 | 7,422 | 1,705 | 6,357 | 2,683 | 1,301 | 2,856 | 1,555 | 3,944 | 1,152 | 1,212 | 1,879 | 5,254 | 1,260 | 5,088 | 4,229 | 606 | |
440/4 |
377 | 3,286 | 2,436 | 9,539 | 7,422 | 1,705 | 6,357 | 2,683 | 1,301 | 2,856 | 1,555 | 3,944 | 1,152 | 1,212 | 1,879 | 5,254 | 1,260 | 5,088 | 4,229 | 606 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
46 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
34,080 | 30,952 | 16,284 | 10,058 | 6,277 | 4,633 | 3,346 | 8,969 | 8,437 | 2,409 | 3,407 | 4,079 | 4,090 | 3,908 | 6,173 | 3,830 | 4,889 | 9,416 | 6,228 | 6,443 | |
450/3 |
34,080 | 25,102 | 16,284 | 10,058 | 4,327 | 2,683 | 1,146 | 5,369 | 6,637 | 609 | 1,607 | 2,279 | 2,290 | 2,108 | 4,373 | 2,030 | 3,089 | 5,816 | 4,428 | 4,820 | |
454/9 |
0 | 5,850 | - | 0 | 1,950 | 1,950 | 2,200 | 3,600 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 3,600 | 1,800 | 1,623 | |
47/48 |
118,737 | 110,430 | 101,966 | 97,512 | 94,217 | 90,177 | 86,925 | 88,153 | 80,657 | 76,922 | 73,451 | 69,484 | 60,679 | 48,501 | 40,821 | 180,597 | 168,433 | 156,950 | 146,142 | 134,353 | |
492/3 |
143 | - | 0 | 22 | 21 | 19 | 215 | 30 | 9 | 8 | 22 | 35 | 2,349 | 2,364 | 2,305 | 2,424 | 2,445 | 2,624 | 2,612 | 2,592 | |
| Income statement | |||||||||||||||||||||
9900 |
149,008 | 126,127 | 101,414 | 87,041 | 55,080 | 78,894 | 70,652 | 89,912 | 80,821 | 66,230 | 55,817 | 53,694 | 58,991 | 59,683 | 59,538 | 59,524 | 55,057 | 60,034 | 65,522 | 59,426 | |
62 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
6,185 | 6,155 | 6,155 | 6,155 | 6,155 | 6,097 | 7,707 | 8,701 | 8,701 | 8,701 | 12,964 | 8,299 | 7,278 | 7,129 | 7,161 | 9,331 | 6,127 | 5,926 | 5,926 | 5,926 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
4,449 | 4,316 | 8,722 | 8,322 | 6,760 | 3,741 | 5,088 | 3,459 | 3,500 | 3,584 | 3,720 | 3,673 | 3,486 | 2,679 | 2,607 | 2,570 | 2,552 | 2,494 | 2,427 | 2,371 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
138,374 | 115,657 | 86,537 | 72,564 | 42,165 | 69,056 | 57,858 | 77,753 | 68,620 | 53,946 | 39,133 | 41,722 | 48,227 | 49,875 | 49,770 | 47,623 | 46,378 | 51,614 | 57,169 | 51,129 | |
75/76B |
3,236 | 3,317 | 1,464 | 0 | 19 | 0 | 102 | 145 | 120 | 209 | 918 | 670 | 961 | 3,184 | 13,824 | 13,445 | 9,917 | 13,676 | 9,244 | 9,475 | |
75 |
3,236 | 3,317 | 1,464 | 0 | 19 | 0 | 102 | 145 | 120 | 209 | 918 | 670 | 961 | 3,184 | 13,824 | 13,445 | 9,917 | 13,676 | 9,244 | 9,475 | |
76B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
8,346 | 9,195 | 5,697 | 4,102 | 3,854 | 3,638 | 3,448 | 3,399 | 3,170 | 3,112 | 3,700 | 6,075 | 6,885 | 7,988 | 16,058 | 18,970 | 19,761 | 20,566 | 21,271 | 23,656 | |
65 |
8,346 | 9,195 | 5,697 | 4,102 | 3,854 | 3,638 | 3,448 | 3,399 | 3,170 | 3,112 | 3,700 | 6,075 | 6,885 | 7,988 | 16,058 | 18,970 | 19,761 | 20,566 | 21,271 | 23,656 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
133,263 | 109,778 | 82,304 | 68,463 | 38,330 | 65,418 | 54,511 | 74,499 | 65,569 | 51,043 | 36,351 | 36,317 | 42,303 | 45,071 | 47,536 | 42,098 | 36,534 | 44,724 | 45,142 | 36,948 | |
67/77 |
28,647 | 22,651 | 16,634 | 13,804 | 7,774 | 13,210 | 11,201 | 14,950 | 18,865 | 13,592 | 8,697 | 8,432 | 10,517 | 11,674 | 13,377 | 11,599 | 9,944 | 12,589 | 12,720 | 10,075 | |
9904 |
104,616 | 87,127 | 65,670 | 54,659 | 30,555 | 52,209 | 43,310 | 59,549 | 46,705 | 37,451 | 27,654 | 27,885 | 31,786 | 33,397 | 34,159 | 30,499 | 26,590 | 32,135 | 32,422 | 26,873 | |
789 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
104,616 | 87,127 | 65,670 | 54,659 | 30,555 | 52,209 | 43,310 | 59,549 | 46,705 | 37,451 | 27,654 | 27,885 | 31,786 | 33,397 | 34,159 | 30,499 | 26,590 | 32,135 | 32,422 | 26,873 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
104,616 | 87,127 | 65,670 | 54,659 | 30,555 | 52,209 | 43,310 | 59,549 | 46,705 | 37,451 | 27,654 | 27,885 | 31,786 | 33,397 | 34,159 | 30,499 | 26,590 | 32,135 | 32,422 | 26,873 | |
791/2 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
104,116 | 87,127 | 65,670 | 54,659 | 30,555 | 52,209 | 43,310 | 57,549 | 46,705 | 37,451 | 27,654 | 27,885 | 31,786 | 33,397 | 34,159 | 30,499 | 26,590 | 32,135 | 32,422 | 26,873 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
104,116 | 87,127 | 65,670 | 54,659 | 30,555 | 52,209 | 43,310 | 57,549 | 46,705 | 37,451 | 27,654 | 27,885 | 31,786 | 33,397 | 34,159 | 30,499 | 26,590 | 32,135 | 32,422 | 26,873 | |
694/7 |
500 | - | - | - | - | - | 0 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
500 | - | - | - | - | - | 0 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
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 23-06-2026.
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 | full format | 23-06-2026 | 2026-00185958 | |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00235879 | |
| 31-12-2023 | abbreviated format | 26-08-2024 | 2024-00367219 | |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00207572 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20365136 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-58300323 | |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-21500507 | |
| 31-12-2018 | abbreviated format | 12-07-2019 | 2019-31500563 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-34400090 | |
| 31-12-2016 | abbreviated format | 11-07-2017 | 2017-29200111 | |
| 31-12-2015 | abbreviated format | 11-07-2016 | 2016-29300269 | |
| 31-12-2014 | abbreviated format | 13-07-2015 | 2015-30000533 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-30600303 | |
| 31-12-2012 | abbreviated format | 16-07-2013 | 2013-30300110 | |
| 31-12-2011 | abbreviated format | 13-07-2012 | 2012-28700228 | |
| 31-12-2010 | abbreviated format | 12-07-2011 | 2011-27800109 | |
| 31-12-2009 | abbreviated format | 12-07-2010 | 2010-28600449 | |
| 31-12-2008 | abbreviated format | 10-07-2009 | 2009-38900229 | |
| 31-12-2007 | abbreviated format | 16-07-2008 | 2008-40900076 | |
| 31-12-2006 | abbreviated format | 18-07-2007 | 2007-40700335 | |
| 31-12-2005 | abbreviated format | 13-07-2006 | 2006-45203262 | |
| 31-12-2004 | abbreviated format | 15-07-2005 | 2005-50004297 | |
| 31-12-2003 | abbreviated format | 06-07-2004 | 2004-41102681 | |
| 31-12-2002 | abbreviated format | 25-07-2003 | 2003-51103337 | |
| 31-12-2001 | abbreviated format | 26-09-2002 | 2002-59101546 | |
| 31-12-2000 | abbreviated format | 27-09-2001 | 2001-59305046 | |
| 31-12-1999 | abbreviated format | 14-09-2000 | 2000-56300017 | |
| 31-12-1998 | abbreviated format | 09-12-1999 | 1999-62302156 | |
| 31-12-1997 | abbreviated format | 30-09-1998 | 1998-49902605 | |
| 31-12-1996 | abbreviated format | 27-10-1997 | 1997-50304959 | |
| 31-12-1995 | abbreviated format | 30-07-1996 | 1996-37304835 |
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 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 144,559 | 121,811 | 92,692 | 78,719 | 48,319 | 75,153 | 65,564 | 86,454 | 77,321 | 62,646 | 52,097 | 50,021 | 55,505 | 57,004 | 56,931 | 56,954 | 52,505 | 57,540 | 63,095 | 57,055 | ||
| 110,802 | 93,282 | 71,824 | 60,814 | 36,710 | 58,306 | 51,016 | 68,250 | 55,406 | 46,151 | 40,618 | 36,184 | 39,064 | 40,526 | 41,320 | 39,830 | 32,717 | 38,061 | 38,348 | 32,799 | ||
| 2,503 | 0 | 0 | 0 | 0 | 0 | 3,318 | 0 | 0 | 0 | 24,262 | 6,284 | 8,742 | 0 | 0 | 12,504 | 3,957 | 0 | 0 | 525 | ||
| 152,518 | 187,443 | 151,376 | -67,074 | 102,441 | 2,228 | 56,160 | 51,223 | 42,841 | 42,155 | 17,619 | -17,799 | 5,936 | 30,725 | 39,910 | 1,712 | -56,164 | 4,044 | 6,411 | - | ||
| 700,675 | 592,734 | 499,452 | 427,649 | 366,835 | 330,123 | 272,013 | 224,130 | 157,859 | 102,452 | 56,315 | 39,972 | 59,796 | 45,806 | 41,257 | 34,876 | 41,228 | 45,198 | 38,618 | 30,735 | ||
| 88.1% | 87.7% | 88.7% | 88.3% | 88.4% | 89.1% | 88.5% | 87.6% | 87.9% | 88.2% | 88.0% | 87.6% | 80.2% | 76.4% | 71.8% | 55.2% | 52.3% | 48.9% | 45.8% | 42.7% | ||
| 5.40 | 4.93 | 4.95 | 4.47 | 4.22 | 4.22 | 3.65 | 3.12 | 2.67 | 2.20 | 1.69 | 1.49 | 1.70 | 1.49 | 1.47 | 1.15 | 1.20 | 1.22 | 1.20 | 1.18 | ||
| 0.13 | 0.14 | 0.13 | 0.13 | 0.13 | 0.12 | 0.13 | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 | 0.25 | 0.31 | 0.39 | 0.81 | 0.91 | 1.05 | 1.18 | 1.34 | ||
| 8.8% | 8.1% | 6.6% | 5.9% | 3.5% | 6.2% | 5.5% | 8.0% | 6.8% | 5.8% | 4.6% | 4.8% | 5.8% | 6.5% | 7.1% | 6.8% | 6.4% | 8.2% | 9.0% | 8.2% | ||
| 7.8% | 7.1% | 5.9% | 5.2% | 3.1% | 5.5% | 4.9% | 7.0% | 6.0% | 5.2% | 4.0% | 4.2% | 4.6% | 4.9% | 5.1% | 3.8% | 3.3% | 4.0% | 4.1% | 3.5% | ||
| 17.32 | 13.25 | 16.27 | 19.19 | 12.54 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | €2,503 | - | - | - | - |
| €6,185 | €6,155 | €6,155 | €6,155 | €6,155 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VERVEC
The operating result for 2025 is 20% higher than in 2024 and the highest since 2006. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 12.3% to 11.9%. Equity and debt are higher.