M 
1.90
+2.70%
Close of 6 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
€7.2m
FY2016FY2025
Net income
€3.6m
FY2016FY2025
Free cash flow
−€534,000
FY2016FY2025
Shareholders' equity
€78.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €7.2m | €9.0m | €16.1m | €13.3m | €13.1m | €10.4m | €11.0m | €6.2m | €4.8m | €4.9m |
| Operating income | €5.2m | €2.5m | €2.0m | −€1.5m | €2.7m | €506,000 | −€14.3m | −€544,000 | €1.6m | €3.6m |
| Net income | €3.6m | €1.4m | €1.1m | €4.1m | €3.2m | −€6.1m | −€13.7m | −€2.0m | €948,000 | €3.5m |
| Diluted earnings per share | 0.11 | 0.04 | 0.02 | 0.13 | 0.10 | -0.20 | -0.44 | -0.06 | 0.03 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €106.1m | €102.4m | €96.7m | €102.3m | €111.5m | €96.2m | €102.1m | €118.8m | €125.0m | €126.3m |
| Cash and short-term investments | €11.9m | €4.5m | €5.5m | €3.1m | €6.9m | €5.7m | €3.5m | €6.5m | €11.1m | €14.4m |
| Total liabilities | €27.3m | €25.8m | €21.4m | €26.5m | €38.4m | €25.8m | €23.5m | €25.2m | €28.7m | €23.6m |
| Debt | €19.7m | €17.2m | €13.4m | €18.5m | €20.2m | €18.1m | €10.3m | €18.7m | €19.6m | €15.7m |
| Shareholders' equity | €78.8m | €76.6m | €75.3m | €75.8m | €73.1m | €70.4m | €78.6m | €93.6m | €96.3m | €102.8m |
| Shares outstanding | 32m | 38m | 46m | 32m | 31m | 30m | 31m | 32m | 31m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.9m | −€2.9m | €8.2m | €774,000 | −€63,000 | €2.8m | −€185,000 | −€4.5m | −€772,000 | −€1.6m |
| Capital spending | −€2.5m | −€2,000 | −€31,000 | −€25,000 | −€278,000 | −€856,000 | −€1.1m | −€256,000 | −€15.4m | −€121,000 |
| Free cash flow | −€534,000 | −€2.9m | €8.2m | €749,000 | −€341,000 | €1.9m | −€1.3m | −€4.8m | −€16.2m | −€1.7m |
| Dividends paid | — | — | — | −€1.7m | −€630,000 | −€2.4m | −€2.4m | −€2.4m | −€4.5m | −€1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.1m | €2.1m | €1.9m | €1.9m | €2.8m | €2.8m | €3.7m | €3.7m |
| Operating income | €167,500 | €167,500 | €2.0m | €2.0m | €1.1m | €1.1m | €807,500 | €807,500 |
| Net income | €431,000 | €431,000 | €1.3m | €1.3m | €480,000 | €480,000 | €382,000 | €382,000 |
| Diluted earnings per share | 0.02 | 0.02 | 0.04 | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 |
| Cash from operations | −€5.0m | −€5.0m | — | — | — | — | — | — |
| Total assets | €113.6m | €113.6m | €106.1m | €106.1m | €101.4m | €101.4m | €102.4m | €102.3m |
| Cash and short-term investments | €1.1m | €1.1m | €11.9m | €2.1m | €3.7m | €4.2m | €4.5m | €1.7m |
| Debt | €13.7m | €593,000 | €11.8m | €11.7m | €17.4m | €4.4m | €17.2m | €3.6m |
| Shareholders' equity | €80.0m | €80.0m | €78.8m | €78.8m | €76.0m | €76.0m | €76.6m | €76.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.3% | -7.0% | 0.1% |
| Operating income | — | 59.3% | 4.6% |
| Net income | -4.8% | — | 29.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 47.5% | 18.1% | 16.6% | 5.0% |
| Net margin | 30.4% | 22.2% | 10.6% | -3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.5 | 36.8 | 62.1 | 10.5 | 14.3 | -7.6 | -3.5 | -20.5 | 75.8 | 14.3 |
| Price to sales | 8.1 | 5.7 | 4.2 | 3.3 | 3.5 | 4.4 | 4.4 | 6.7 | 15.1 | 10.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.118 | 0.038 | 0.037 | 0.139 | 0.102 | 0.046 | 0.074 | 0.723 |
- 1.025-for-1 split · 16 Nov 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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