WELL-ADVISED
Annual accounts 2025
micro format, filed on 11-03-2026, 142 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 ≈ €280,000. Estimated: probably between €230,000 and €330,000.
Balance sheet
balance sheet total €696,800 on 31-12-2025in euro
in euro
Position in the sector
47.6%
Higher than 43% of 39,376 companies in 2025.
1.90
Higher than 47% of 38,058 companies in 2025.
15.7%
Higher than 52% of 38,530 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
696,800 | 569,558 | 483,685 | 499,910 | 356,061 | 365,094 | 315,016 | 285,600 | 217,244 | 191,430 | 157,278 | 153,740 | 114,252 | 75,197 | |
21/28 |
21,052 | 21,985 | 21,609 | 25,912 | 25,096 | 16,072 | 22,811 | 27,947 | 4,758 | 5,196 | 8,705 | 13,657 | 19,653 | 20,261 | |
22/27 |
21,052 | 21,985 | 21,609 | 25,912 | 25,096 | 16,072 | 22,811 | 27,947 | 4,758 | 5,196 | 8,705 | 13,657 | 19,653 | 20,261 | |
24 |
7,313 | 12,230 | 10,486 | 13,419 | 12,734 | 13,918 | 21,462 | 26,641 | 2,283 | 1,552 | 3,907 | 7,576 | 13,189 | 17,982 | |
26 |
13,739 | 9,755 | 11,124 | 12,493 | 12,362 | 2,154 | 1,349 | 1,306 | 2,475 | 3,644 | 4,797 | 6,081 | 6,464 | 2,280 | |
29/58 |
675,748 | 547,573 | 462,076 | 473,998 | 330,965 | 349,023 | 292,205 | 257,653 | 212,486 | 186,234 | 148,573 | 140,083 | 94,600 | 54,936 | |
40/41 |
222 | 24,200 | 84 | 57,402 | 847 | 22,983 | 24,158 | 16,463 | 16,467 | 26,201 | 11,807 | 11,645 | 10,587 | 9,308 | |
40 |
204 | 24,184 | - | 0 | 196 | 17,142 | 19,007 | 16,371 | 12,035 | 26,201 | 11,807 | 11,640 | 10,587 | 9,166 | |
41 |
18 | 16 | 84 | 57,402 | 651 | 5,841 | 5,151 | 92 | 4,432 | - | - | 4 | - | 141 | |
50/53 |
286,889 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
385,416 | 323,029 | 461,384 | 414,901 | 328,719 | 324,965 | 266,096 | 239,331 | 194,955 | 158,731 | 135,715 | 127,210 | 82,145 | 44,650 | |
490/1 |
3,222 | 344 | 608 | 1,695 | 1,398 | 1,075 | 1,951 | 1,859 | 1,063 | 1,301 | 1,050 | 1,228 | 1,867 | 978 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
696,800 | 569,558 | 483,685 | 499,910 | 356,061 | 365,094 | 315,016 | 285,600 | 217,244 | 191,430 | 157,278 | 153,740 | 114,252 | 75,197 | |
10/15 |
331,456 | 396,640 | 327,795 | 294,941 | 266,257 | 224,869 | 269,601 | 238,909 | 163,208 | 135,292 | 105,046 | 74,926 | 51,968 | 25,606 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
324,469 | 389,769 | 320,969 | 288,249 | 259,649 | 218,349 | 263,149 | 232,460 | 156,141 | 128,633 | 98,346 | 67,139 | 45,030 | 717 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 620 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
132 |
1,989 | 1,989 | 1,989 | 1,989 | 1,989 | 1,989 | 1,989 | 1,600 | 1,281 | 773 | 486 | 279 | 170 | 97 | |
133 |
322,480 | 387,780 | 318,980 | 284,400 | 255,800 | 214,500 | 259,300 | 229,000 | 153,000 | 126,000 | 96,000 | 65,000 | 43,000 | - | |
14 |
786 | 671 | 625 | 491 | 407 | 320 | 252 | 249 | 868 | 459 | 499 | 1,586 | 738 | 18,690 | |
17/49 |
365,344 | 172,919 | 155,890 | 204,969 | 89,804 | 140,225 | 45,415 | 46,691 | 54,035 | 56,138 | 52,232 | 78,814 | 62,284 | 49,591 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 3,113 | 8,294 | 13,285 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 3,113 | 8,294 | 13,285 | |
42/48 |
355,369 | 165,481 | 154,009 | 202,609 | 88,479 | 139,050 | 45,415 | 45,707 | 52,954 | 55,118 | 51,292 | 74,931 | 53,269 | 35,854 | |
42 |
- | - | - | - | - | - | - | - | - | - | 3,113 | 5,181 | 4,991 | 4,808 | |
44 |
0 | 924 | 627 | 951 | 3,968 | 178 | 5,166 | 1,267 | 1,321 | 977 | 1,164 | 1,562 | 6,519 | 536 | |
440/4 |
0 | 924 | 627 | 951 | 3,968 | 178 | 5,166 | 1,267 | 1,321 | 977 | 1,164 | 1,562 | 6,519 | 536 | |
45 |
25,528 | 18,686 | 42,954 | 104,482 | 17,781 | 12,367 | 7,744 | 21,351 | 11,080 | 18,646 | 17,030 | 41,383 | 20,830 | 17,409 | |
450/3 |
22,428 | 15,586 | 39,854 | 101,382 | 15,181 | 9,817 | 5,194 | 14,801 | 2,980 | 16,096 | 14,480 | 38,833 | 18,330 | 14,909 | |
454/9 |
3,100 | 3,100 | 3,100 | 3,100 | 2,600 | 2,550 | 2,550 | 6,550 | 8,100 | 2,550 | 2,550 | 2,550 | 2,500 | 2,500 | |
47/48 |
329,841 | 145,871 | 110,428 | 97,177 | 66,730 | 126,506 | 32,505 | 23,088 | 40,554 | 35,495 | 29,985 | 26,805 | 20,928 | 13,101 | |
492/3 |
9,975 | 7,438 | 1,882 | 2,360 | 1,325 | 1,175 | 0 | 985 | 1,081 | 1,020 | 940 | 770 | 721 | 452 | |
| Income statement | |||||||||||||||
9900 |
163,731 | 157,155 | 162,986 | 92,575 | 107,370 | 77,972 | 59,873 | 118,510 | 48,448 | 53,478 | 56,971 | 51,336 | 47,102 | 44,480 | |
630 |
6,535 | 6,192 | 5,213 | 11,621 | 7,851 | 8,052 | 9,687 | 8,769 | 2,916 | 4,647 | 7,364 | 7,543 | 7,199 | 11,561 | |
640/8 |
1,102 | 1,025 | 1,005 | 1,051 | 1,135 | 851 | 863 | 1,682 | 892 | 889 | 1,163 | 839 | 887 | 1,703 | |
9901 |
156,095 | 149,939 | 156,768 | 79,903 | 98,384 | 69,068 | 49,323 | 108,058 | 44,640 | 47,941 | 48,444 | 42,954 | 39,016 | 31,216 | |
75/76B |
9,291 | 1,871 | 142 | 9 | 11 | 2 | 90 | 188 | 13 | 122 | 335 | 117 | 68 | 36 | |
75 |
9,291 | 1,871 | 142 | 9 | 11 | 2 | 90 | 188 | 13 | 122 | 335 | 117 | 68 | 36 | |
65/66B |
10,169 | 7,663 | 2,392 | 2,626 | 1,532 | 1,252 | 1,217 | 1,049 | 1,164 | 1,205 | 1,331 | 1,280 | 1,434 | 1,855 | |
65 |
10,169 | 7,663 | 2,392 | 2,626 | 1,532 | 1,252 | 1,217 | 1,049 | 1,164 | 1,205 | 1,331 | 1,280 | 1,434 | 1,855 | |
9903 |
155,216 | 144,147 | 154,518 | 77,286 | 96,863 | 67,817 | 48,196 | 107,197 | 43,489 | 46,858 | 47,448 | 41,790 | 37,651 | 29,397 | |
67/77 |
46,100 | 42,202 | 46,084 | 21,602 | 26,476 | 19,349 | 13,903 | 31,496 | 15,573 | 16,612 | 21,334 | 18,833 | 11,289 | 9,991 | |
9904 |
109,116 | 101,945 | 108,434 | 55,684 | 70,387 | 48,468 | 34,292 | 75,701 | 27,916 | 30,247 | 26,114 | 22,957 | 26,362 | 19,406 | |
689 |
- | - | - | - | - | 0 | 389 | 319 | 508 | 286 | 207 | 109 | 74 | 97 | |
9905 |
109,116 | 101,945 | 108,434 | 55,684 | 70,387 | 48,468 | 33,903 | 75,381 | 27,408 | 29,960 | 25,907 | 22,848 | 26,289 | 19,310 | |
| Appropriation of the result | |||||||||||||||
9906 |
109,786 | 102,571 | 108,925 | 56,091 | 70,707 | 48,720 | 34,152 | 76,249 | 27,868 | 30,459 | 26,499 | 23,586 | 44,978 | 19,310 | |
14P |
671 | 625 | 491 | 407 | 320 | - | - | - | - | - | - | - | - | - | |
791/2 |
174,300 | 33,100 | 75,580 | 27,000 | 29,000 | 93,200 | 2,800 | - | - | - | - | 43,000 | - | - | |
691/2 |
109,000 | 101,900 | 108,300 | 55,600 | 70,300 | 48,400 | 33,100 | 76,000 | 27,000 | 30,000 | 26,000 | 65,000 | 44,240 | 620 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,240 | 620 | |
6921 |
109,000 | 101,900 | 108,300 | 55,600 | 70,300 | 48,400 | 33,100 | 76,000 | 27,000 | 30,000 | 26,000 | 65,000 | 43,000 | - | |
694/7 |
174,300 | 33,100 | 75,580 | 27,000 | 29,000 | 93,200 | 3,600 | - | - | - | - | - | - | - | |
694 |
174,300 | 33,100 | 75,580 | 27,000 | 29,000 | 93,200 | 3,600 | - | - | - | - | - | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 11-03-2026.
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 | 11-03-2026 | 2026-00053173 | |
| 31-12-2024 | micro format | 29-03-2025 | 2025-00060569 | |
| 31-12-2023 | micro format | 12-03-2024 | 2024-00043001 | |
| 31-12-2022 | micro format | 29-03-2023 | 2023-00051142 | |
| 31-12-2021 | micro format | 23-05-2022 | 2022-20032053 | |
| 31-12-2020 | micro format | 25-02-2021 | 2021-06400165 | |
| 31-12-2019 | micro format | 18-05-2020 | 2020-12500105 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-63100598 | |
| 31-12-2017 | micro format | 26-03-2018 | 2018-07800600 | |
| 31-12-2016 | micro format | 13-05-2017 | 2017-12100452 | |
| 31-12-2015 | abbreviated format | 20-06-2016 | 2016-19800259 | |
| 31-12-2014 | abbreviated format | 24-06-2015 | 2015-21500247 | |
| 31-12-2013 | abbreviated format | 05-07-2014 | 2014-26800169 | |
| 31-12-2012 | abbreviated format | 08-07-2013 | 2013-28500143 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 162,629 | 156,131 | 161,981 | 91,524 | 106,235 | 77,120 | 59,010 | 116,827 | 47,556 | 52,588 | 55,808 | 50,497 | 46,215 | 42,777 | ||
| 115,651 | 108,137 | 113,647 | 67,305 | 78,238 | 56,520 | 43,980 | 84,470 | 30,833 | 34,894 | 33,479 | 30,500 | 33,561 | 30,968 | ||
| 5,602 | 6,567 | 911 | 12,436 | 16,875 | 1,313 | 4,551 | 31,958 | 2,479 | 1,139 | 2,412 | 1,547 | 6,590 | 31,823 | ||
| 62,387 | -138,355 | 46,483 | 86,182 | 3,754 | 58,869 | 26,766 | 44,375 | 36,224 | 23,016 | 8,505 | 45,065 | 37,495 | - | ||
| 320,379 | 382,092 | 308,067 | 271,389 | 242,486 | 209,973 | 246,790 | 211,947 | 159,531 | 131,116 | 97,280 | 65,152 | 41,331 | 19,082 | ||
| 47.6% | 69.6% | 67.8% | 59.0% | 74.8% | 61.6% | 85.6% | 83.7% | 75.1% | 70.7% | 66.8% | 48.7% | 45.5% | 34.1% | ||
| 1.90 | 3.31 | 3.00 | 2.34 | 3.74 | 2.51 | 6.43 | 5.64 | 4.01 | 3.38 | 2.90 | 1.87 | 1.78 | 1.53 | ||
| 1.10 | 0.44 | 0.48 | 0.69 | 0.34 | 0.62 | 0.17 | 0.20 | 0.33 | 0.41 | 0.50 | 1.05 | 1.20 | 1.94 | ||
| 32.9% | 25.7% | 33.1% | 18.9% | 26.4% | 21.6% | 12.7% | 31.7% | 17.1% | 22.4% | 24.9% | 30.6% | 50.7% | 75.8% | ||
| 15.7% | 17.9% | 22.4% | 11.1% | 19.8% | 13.3% | 10.9% | 26.5% | 12.9% | 15.8% | 16.6% | 14.9% | 23.1% | 25.8% | ||
| 15.99 | 20.38 | 67.72 | 34.85 | 69.32 | - | - | - | - | - | - | - | - | - |
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 | €5,602 | €6,567 | €911 | €12,436 | €16,875 |
| €6,535 | €6,192 | €5,213 | €11,621 | €7,851 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on WELL-ADVISED
The operating result for 2025 is 4% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 30.4% to 52.4%. Equity is lower and debt is higher.