W DEVELOPMENT
Annual accounts 2025
micro format, filed on 23-06-2026, 38 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 ≈ €25,000. Estimated: probably between €12,000 and €50,000.
Balance sheet
balance sheet total €16,226 on 31-12-2025in euro
in euro
Position in the sector
10.9%
Higher than 17% of 39,368 companies in 2025.
0.73
Higher than 16% of 38,051 companies in 2025.
4.0%
Higher than 29% of 38,523 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
16,226 | 14,052 | 11,347 | |
21/28 |
5,648 | 5,564 | 6,620 | |
22/27 |
5,648 | 5,564 | 6,620 | |
24 |
1,394 | 718 | 1,183 | |
26 |
4,254 | 4,846 | 5,437 | |
29/58 |
10,578 | 8,488 | 4,727 | |
40/41 |
5,421 | 5,627 | 435 | |
40 |
5,421 | 5,124 | 145 | |
41 |
- | 503 | 290 | |
54/58 |
5,157 | 524 | 1,872 | |
490/1 |
- | 2,336 | 2,420 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
16,226 | 14,052 | 11,347 | |
10/15 |
1,776 | 1,126 | 114 | |
10/11 |
5,000 | 5,000 | 5,000 | |
14 |
-3,224 | -3,874 | -4,886 | |
17/49 |
14,450 | 12,926 | 11,233 | |
42/48 |
14,450 | 12,926 | 11,233 | |
44 |
1,257 | 70 | 310 | |
440/4 |
1,257 | 70 | 310 | |
45 |
3,375 | 1,850 | 170 | |
450/3 |
3,375 | 1,850 | 170 | |
47/48 |
9,817 | 11,006 | 10,753 | |
| Income statement | ||||
9900 |
5,438 | 5,260 | -3,491 | |
630 |
1,205 | 1,056 | 809 | |
640/8 |
1,470 | 1,898 | 230 | |
9901 |
2,763 | 2,306 | -4,531 | |
65/66B |
131 | 143 | 185 | |
65 |
131 | 143 | 185 | |
9903 |
2,632 | 2,163 | -4,716 | |
67/77 |
1,982 | 1,151 | 170 | |
9904 |
650 | 1,012 | -4,886 | |
9905 |
650 | 1,012 | -4,886 | |
| Appropriation of the result | ||||
9906 |
-3,224 | -3,874 | -4,886 | |
14P |
-3,874 | -4,886 | - | |
| Document | ||||
The notes to these accounts have 5 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 BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 3,968 | 3,362 | -3,721 | ||
| 1,855 | 2,068 | -4,077 | ||
| 1,289 | 0 | 7,429 | ||
| 4,632 | -1,348 | - | ||
| -3,872 | -4,438 | -6,506 | ||
| 10.9% | 8.0% | 1.0% | ||
| 0.73 | 0.66 | 0.42 | ||
| 8.13 | 11.48 | - | ||
| 36.6% | 89.9% | - | ||
| 4.0% | 7.2% | -43.1% | ||
| 30.27 | 23.46 | -20.10 |
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 |
|---|---|---|---|
| Tangible fixed assets | €1,289 | - | €7,429 |
| €1,205 | €1,056 | €809 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on W DEVELOPMENT
The operating result for 2025 is 20% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 92.0% to 89.1%. Equity and debt are higher.