D 
0.28p
0.00%
Close of 9 Nov 2026, in pence
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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
€33.3m
FY2016FY2025
Net income
−€4.4m
FY2016FY2025
Free cash flow
−€2.1m
FY2016FY2025
Shareholders' equity
€6.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €33.3m | €30.0m | €38.3m | €31.2m | €37.4m | €22.5m | €20.9m | €20.9m | €30.2m | €26.6m |
| Gross profit | €2.2m | €2.8m | €2.1m | €5.0m | €6.5m | €2.3m | €1.7m | €1.7m | €6.9m | €6.6m |
| Operating income | −€1.1m | −€1.0m | −€1.5m | €1.1m | €2.6m | −€422,000 | −€1.5m | −€1.5m | €3.3m | €3.4m |
| Net income | −€4.4m | −€3.5m | −€4.5m | −€833,000 | €757,000 | −€2.2m | −€3.3m | −€3.3m | €1.6m | €316,000 |
| Diluted earnings per share | -0.00 | -0.01 | -0.01 | -0.00 | 0.00 | -0.01 | -0.01 | -0.01 | 0.01 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €43.0m | €46.6m | €50.6m | €54.7m | €51.7m | €43.3m | €33.6m | €33.4m | €33.9m | €34.0m |
| Cash and short-term investments | €1.1m | €276,000 | €209,000 | €2.9m | €2.2m | €202,000 | €273,000 | €262,000 | €775,000 | €2.0m |
| Total liabilities | €36.4m | €39.2m | €39.7m | €39.4m | €35.3m | €30.8m | €20.8m | €21.8m | €19.2m | €22.9m |
| Debt | €31.3m | €33.2m | €32.8m | €33.7m | €31.1m | €25.9m | €17.9m | €18.1m | €17.5m | €20.5m |
| Shareholders' equity | €6.6m | €7.5m | €10.9m | €15.3m | €16.0m | €11.8m | €20.5m | €11.6m | €14.7m | €11.1m |
| Shares outstanding | 1,203m | 560m | 559m | 538m | 529m | 429m | 380m | 299m | 296m | 206m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€1.9m | €1.2m | €2.0m | €566,000 | −€1.3m | €433,000 | −€1.3m | −€37,000 | €2.3m | €1.5m |
| Capital spending | −€238,617 | −€378,000 | −€2.0m | −€2.6m | −€4.6m | −€118,000 | −€435,000 | −€1.0m | −€2.3m | −€2.0m |
| Free cash flow | −€2.1m | €779,000 | €5,000 | −€2.0m | −€5.9m | €315,000 | −€1.7m | −€1.1m | €58,000 | −€498,000 |
| Dividends paid | — | — | — | — | — | — | — | — | −€394,000 | −€394,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €24.8m | €10.0m | €23.6m | €12.9m | €19.3m | €16.8m | €21.7m | €11.4m |
| Gross profit | €3.0m | −€1.1m | €3.3m | €624,442 | €2.3m | −€1.4m | €3.5m | €9,844 |
| Operating income | €1.4m | −€2.7m | €1.6m | −€1.8m | €793,646 | −€3.1m | €1.6m | −€2.2m |
| Net income | €87,421 | −€4.5m | €20,703 | −€2.8m | −€705,128 | −€4.8m | €382,554 | −€3.1m |
| Diluted earnings per share | 0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.01 | 0.00 | -0.01 |
| Cash from operations | — | −€2.0m | €1.0m | — | €1.0m | — | €1.0m | −€3.0m |
| Capital spending | — | — | — | — | — | — | −€1.0m | — |
| Free cash flow | — | — | — | — | — | — | €0 | — |
| Total assets | €41.4m | €43.0m | €49.2m | €46.6m | €51.1m | €50.6m | €57.2m | €54.7m |
| Cash and short-term investments | €479,607 | €1.1m | €3.2m | €276,000 | €76,000 | €209,000 | €1.1m | €3.0m |
| Debt | €8.8m | €31.2m | €10.5m | €33.1m | €32.1m | €32.7m | €32.2m | €33.5m |
| Shareholders' equity | €6.7m | €6.6m | €7.5m | €7.5m | €10.3m | €10.9m | €15.7m | €15.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.2% | 8.1% | 3.6% |
| Operating income | — | 21.4% | — |
| Net income | 73.9% | 14.5% | 30.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.8% | 9.1% | 10.8% | 13.8% |
| Operating margin | -3.4% | -1.9% | -0.1% | 2.0% |
| Net margin | -12.5% | -9.9% | -7.6% | -6.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -2.6 | -2.9 | -22.3 | 38.3 | -9.6 | -4.8 | -3.4 | 19.8 | 80.7 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.6 | 0.8 | 0.9 | 0.8 | 0.5 | 1.0 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2017.
| FY2017 | |
|---|---|
| Paid in the year | 0.00 |
- 10-to-1 reverse split · 21 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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