C 
1.19
0.00%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€19.4m
FY2016FY2025
Net income
−€4.8m
FY2016FY2025
Free cash flow
−€16,000
FY2016FY2025
Shareholders' equity
€14.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €19.4m | €24.1m | €21.8m | €26.7m | €25.2m | €23.0m | €29.8m | €25.2m | €29.7m | €33.0m |
| Research and development | €1,000 | €2,000 | €23,000 | — | €19,000 | — | €1,000 | €20,000 | €67,000 | €69,000 |
| Operating income | −€3.3m | −€2.8m | −€2.7m | −€2.6m | €2.8m | −€2.9m | €2.1m | €414,000 | €4.9m | €6.0m |
| Net income | −€4.8m | −€3.2m | −€2.2m | −€3.0m | €2.1m | −€3.3m | €995,000 | €73,000 | €4.2m | €4.7m |
| Diluted earnings per share | -0.88 | -1.13 | -0.79 | -1.07 | 0.74 | -1.17 | 0.36 | 0.03 | 1.41 | 1.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €26.3m | €28.8m | €31.3m | €37.5m | €43.5m | €45.1m | €48.3m | €50.1m | €54.4m | €55.3m |
| Cash and short-term investments | €1.3m | €496,000 | €187,000 | €990,000 | €2.2m | €759,000 | €293,000 | €231,000 | €1.1m | €2.3m |
| Total liabilities | €11.5m | €10.6m | €9.9m | €13.9m | €14.2m | €18.0m | €17.9m | €20.6m | €22.1m | €25.9m |
| Debt | €4.6m | €5.1m | €5.4m | €7.1m | €6.1m | €9.4m | €8.7m | €13.1m | €14.1m | €14.2m |
| Shareholders' equity | €14.8m | €18.2m | €21.4m | €23.6m | €29.2m | €27.1m | €30.4m | €29.5m | €32.3m | €29.4m |
| Shares outstanding | 5m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €534,000 | €1.3m | −€936,000 | €1.2m | €5.5m | €435,000 | €6.6m | €4.2m | €5.5m | €4.8m |
| Capital spending | −€550,000 | −€666,000 | −€612,000 | −€777,000 | −€887,000 | −€600,000 | −€2.0m | −€1.1m | −€7.1m | −€6.8m |
| Free cash flow | −€16,000 | €592,000 | −€1.5m | €420,000 | €4.7m | −€165,000 | €4.6m | €3.0m | −€1.6m | −€2.0m |
| Dividends paid | — | — | — | −€2.8m | — | −€630,000 | — | −€2.8m | −€1.4m | −€2.8m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €10.8m | €8.6m | €13.0m | €11.1m | €10.0m | €11.8m | €5.9m | €12.7m |
| Operating income | €83,000 | −€3.4m | −€1.5m | −€1.3m | −€1.3m | −€1.4m | −€680,000 | −€3.6m |
| Net income | −€1.2m | −€3.6m | −€3.6m | €452,000 | −€2.1m | −€106,000 | −€55,000 | −€3.8m |
| Diluted earnings per share | -0.22 | -0.66 | -1.30 | 0.16 | -0.75 | -0.04 | -0.02 | -1.35 |
| Cash from operations | — | — | — | €2.0m | €1.0m | −€2.0m | — | €1.0m |
| Total assets | €26.3m | €28.2m | €28.8m | €32.6m | €31.3m | €35.0m | — | €37.5m |
| Cash and short-term investments | €1.3m | €294,000 | €496,000 | €1.6m | €187,000 | €423,000 | €990,000 | €990,000 |
| Debt | €4.6m | €4.7m | €5.1m | €4.9m | €5.4m | €6.7m | — | €7.1m |
| Shareholders' equity | €14.8m | €14.7m | €18.2m | €21.8m | €21.4m | €23.5m | €23.6m | €23.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.0% | -3.3% | -2.5% |
| Operating income | 8.2% | 3.0% | — |
| Net income | 16.8% | 7.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.1% | -12.4% | -8.2% | 2.3% |
| Net margin | -18.2% | -14.2% | -10.2% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -2.6 | -5.6 | -6.5 | 11.2 | -9.3 | 39.0 | 363.0 | 16.4 | 10.5 |
| Price to sales | 0.3 | 0.3 | 0.6 | 0.7 | 0.9 | 1.3 | 1.3 | 1.1 | 2.3 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Sept 2022.
| FY2022 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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