WeAcct
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 2 filings
Turnover
≈ €190,000
Estimated: probably between €150,000 and €290,000
Total assets
€749,131▼ 2.9%
2024 · €771,146
Net result
€58,385▲ 756%
2024 · €6,820
Working capital
-€67,580▼ 18.0%
2024 · -€57,289
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€86,631
▲ 474%
2025
20242025
Net result
€58,385
▲ 756%
2025
middle half of the sector
20242025
Equity
€115,204
▲ 103%
2025
middle half of the sector
20242025
Total assets
€749,131
▼ 2.9%
2025
middle half of the sector
20242025
Debt
€633,927
▼ 11.3%
2025
20242025
Working capital
-€67,580
▼ 18.0%
2025
lowest quarter of the sector
20242025
Solvency
15.4%
▲ 8.0pp
2025
lowest quarter of the sector
20242025
Current ratio
0.44
=
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
7.8%
▲ 6.9pp
2025
middle half of the sector
20242025
Staff (FTE)
0
2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€15,083-€86,631▲ 474%
Net result€6,820within the sector's middle half-€58,385within the sector's middle half▲ 756%
Equity€56,820below the sector's middle half-€115,204within the sector's middle half▲ 103%
Total assets€771,146within the sector's middle half-€749,131within the sector's middle half▼ 2.9%
Debt€714,327-€633,927▼ 11.3%
Working capital-€57,289below the sector's middle half--€67,580below the sector's middle half▼ 18.0%
Solvency7.4%below the sector's middle half-15.4%below the sector's middle half▲ 8.0pp
Current ratio0.44below the sector's middle half-0.44below the sector's middle half=
Return on assets (ROA)0.9%within the sector's middle half-7.8%within the sector's middle half▲ 6.9pp
Staff (FTE)0below the sector's middle half-0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is over 5.7 times that of 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €749,131
Fixed assets
€696,304 ▼ 4.1%
Current assets
€52,827 ▲ 16.7%
Equity and liabilities €749,131
Equity
€115,204 ▲ 103%
Debt
€633,927 ▼ 11.3%
Debt's share of the balance-sheet total falls from 92.6% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,219▲
2024 · €15,454
Cash flow
€59,972▲
2024 · €7,191
Debt to equity
5.50▼
2024 · 12.57
ROE
50.7%▲
2024 · 12.0%
Interest coverage
6.92▲
2024 · 2.43
Debt ≤ 1 year
€120,407▲
2024 · €102,544
Debt > 1 year
€511,720▼
2024 · €609,983
Income taxes
€15,490▲
2024 · €1,901
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2024 | 2025 |
|---|---|---|
| Debts secured on the company's own assets | €227,530 | €196,733 |
| Pledge on other assets, amount secured | €240,000 | €240,000 |
| Carrying value of the other pledged assets | €440,000 | €440,000 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €4,763 | - |
| Financial fixed assets | €721,500 | - |
| Depreciation and write-downs of the year | €371 | €1,588 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €371 | €1,588 | ▲ 328% |
| Other operating charges640/8 | - | €659 | - |
| Gross operating margin9900 | €15,454 | €88,877 | ▲ 475% |
| Operating profit (loss)9901 | €15,083 | €86,631 | ▲ 474% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €6,363 | €12,757 | ▲ 100% |
| Recurring financial charges65 | €6,363 | €12,757 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €8,721 | €73,875 | ▲ 747% |
| Income taxes67/77 | €1,901 | €15,490 | ▲ 715% |
| Profit (loss) for the period9904 | €6,820 | €58,385 | ▲ 756% |
| Profit (loss) for the period to be appropriated9905 | €6,820 | €58,385 | ▲ 756% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €771,146 | €749,131 | ▼ 2.9% |
| Fixed assets21/28 | €725,892 | €696,304 | ▼ 4.1% |
| Tangible fixed assets22/27 | €4,392 | €2,804 | ▼ 36.2% |
| Furniture and vehicles24 | €4,392 | €2,804 | ▼ 36.2% |
| Financial fixed assets28 | €721,500 | €693,500 | ▼ 3.9% |
| Current assets29/58 | €45,255 | €52,827 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €25,341 | €37,507 | ▲ 48.0% |
| Trade receivables40 | €15,000 | €26,487 | ▲ 76.6% |
| Other amounts receivable41 | €10,341 | €11,020 | ▲ 6.6% |
| Cash at bank and in hand54/58 | €19,822 | €10,909 | ▼ 45.0% |
| Deferred charges and accrued income490/1 | €92 | €4,412 | ▲ 48× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €771,146 | €749,131 | ▼ 2.9% |
| Equity10/15 | €56,820 | €115,204 | ▲ 103% |
| Contributions10/11 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €6,820 | €65,204 | ▲ 856% |
| Amounts payable17/49 | €714,327 | €633,927 | ▼ 11.3% |
| Amounts payable after more than one year17 | €609,983 | €511,720 | ▼ 16.1% |
| Financial debts170/4 | €609,983 | €511,720 | ▼ 16.1% |
| Amounts payable within one year42/48 | €102,544 | €120,407 | ▲ 17.4% |
| Current portion of amounts payable after more than one year42 | €78,997 | €71,213 | ▼ 9.9% |
| Trade debts44 | €1,820 | €16,479 | ▲ 806% |
| Suppliers440/4 | €1,820 | €16,479 | ▲ 806% |
| Taxes, remuneration and social security45 | €14,496 | €32,289 | ▲ 123% |
| Taxes450/3 | €14,496 | €32,289 | ▲ 123% |
| Other amounts payable47/48 | €7,232 | €426 | ▼ 94.1% |
| Accrued charges and deferred income492/3 | €1,800 | €1,800 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,820 | €58,385 | ▲ 756% |
| + Depreciation and write-downs630 | €371 | €1,588 | ▲ 328% |
| Operating cash flow (approximation) | €7,191 | €59,972 | ▲ 734% |
| Investment in fixed assets (approximation) | - | €28,000 | - |
| Change in cash | - | -€8,912 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.