M 
2.20
—
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
€49.2m
FY2016FY2025
Net income
€739,000
FY2016FY2025
Free cash flow
€2.9m
FY2016FY2025
Shareholders' equity
€33.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €49.2m | €59.6m | €70.5m | €82.9m | €81.6m | €58.8m | €47.5m | €42.2m | €36.5m | €29.8m |
| Research and development | — | — | €30,000 | €26,000 | — | — | — | — | €123,000 | €122,000 |
| Operating income | €21,000 | €1.4m | €4.5m | €7.8m | €7.1m | €5.6m | €2.5m | €2.3m | €1.4m | €596,005 |
| Net income | €739,000 | €1.4m | €3.9m | €6.7m | €6.2m | €4.8m | €1.9m | €1.7m | €1.3m | €590,493 |
| Diluted earnings per share | 0.14 | 0.27 | 0.77 | 1.29 | 1.20 | 0.92 | 0.36 | 0.32 | 0.31 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €42.8m | €58.3m | €42.7m | €48.5m | €48.4m | €34.5m | €27.4m | €29.1m | €24.0m | €18.8m |
| Cash and short-term investments | €12.6m | €5.5m | €5.0m | €1.5m | €15.1m | €10.4m | €2.3m | €2.6m | €2.1m | €2.0m |
| Total liabilities | €9.4m | €25.6m | €9.6m | €17.6m | €24.1m | €16.4m | €14.1m | €17.6m | €16.6m | €12.7m |
| Debt | €1.2m | €2.1m | €2.9m | €3.9m | €1.3m | €6.0m | €8.5m | €11.2m | €12.2m | €5.3m |
| Shareholders' equity | €33.5m | €32.7m | €33.1m | €30.9m | €24.2m | €18.1m | €13.4m | €11.5m | €7.4m | €6.1m |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €3.2m | €3.8m | €6.7m | −€14.8m | €10.6m | €9.7m | €910,000 | €1.3m | −€3.2m | −€338,000 |
| Capital spending | −€298,000 | −€659,000 | −€885,000 | −€1.0m | −€1.1m | −€847,000 | −€793,000 | −€591,000 | −€491,000 | −€386,000 |
| Free cash flow | €2.9m | €3.2m | €5.8m | −€15.9m | €9.5m | €8.8m | €117,000 | €726,000 | −€3.6m | −€724,000 |
| Dividends paid | — | −€1.8m | −€1.8m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €32.6m | €15.3m | €33.8m | €15.3m | €44.4m | €16.3m | €54.1m | €18.7m |
| Operating income | €490,940 | −€1.2m | €1.2m | −€1.7m | €3.0m | €104,260 | €4.4m | €1.3m |
| Net income | €578,824 | −€395,403 | €1.1m | −€1.3m | €2.7m | €55,593 | €3.9m | €887,470 |
| Diluted earnings per share | 0.11 | -0.08 | 0.22 | -0.26 | 0.53 | 0.01 | 0.75 | 0.17 |
| Cash from operations | — | €3.0m | — | €1.0m | €2.0m | €2.0m | €4.0m | −€8.0m |
| Total assets | €53.0m | €42.8m | €53.2m | €58.3m | €58.9m | €42.7m | €67.2m | €48.5m |
| Cash and short-term investments | €11.2m | €12.6m | €5.0m | €5.5m | €6.7m | €5.0m | €4.9m | €1.5m |
| Debt | €755,098 | €2.1m | €1.6m | €2.9m | €2.5m | €3.8m | €7.3m | €3.9m |
| Shareholders' equity | €34.0m | €33.5m | €33.9m | €32.7m | €34.1m | €33.1m | €33.0m | €30.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.0% | -3.5% | 7.5% |
| Operating income | -86.1% | -67.3% | -27.9% |
| Net income | -51.9% | -31.1% | 5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.3% | 5.2% | 6.6% | 5.8% |
| Net margin | 2.0% | 4.9% | 5.9% | 5.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.7 | 16.4 | 7.5 | 5.6 | 9.9 | 4.7 | 8.5 | 6.9 | 9.7 | 11.4 |
| Price to sales | 0.2 | 0.4 | 0.4 | 0.5 | 0.8 | 0.4 | 0.3 | 0.3 | 0.4 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Aug 2024.
| FY2024 | FY2023 | FY2005 | |
|---|---|---|---|
| Paid in the year | 0.34 | 0.34 | 0.347 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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