V 
18.10
—
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
€14.4m
FY2016FY2025
Net income
€10.7m
FY2016FY2025
Free cash flow
−€820,289
FY2016FY2025
Shareholders' equity
€204.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €14.4m | €10.0m | €8.6m | €8.2m | €7.9m | €7.6m | €7.8m | €5.8m | €4.1m | €2.1m |
| Operating income | €5.5m | €5.7m | €4.1m | €3.7m | €3.1m | −€7.1m | €3.6m | €2.5m | €1.5m | €640,849 |
| Net income | €10.7m | €4.4m | €3.4m | €2.7m | €1.7m | −€8.2m | €2.7m | €1.9m | €1.1m | €591,513 |
| Diluted earnings per share | 0.72 | 0.48 | 0.37 | 0.33 | 0.21 | -1.00 | 0.18 | 0.13 | 0.08 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €309.3m | €174.4m | €157.2m | €145.3m | €154.4m | €161.3m | €159.9m | €111.7m | €100.9m | €52.6m |
| Cash and short-term investments | €26.9m | €19.6m | €15.6m | €2.9m | €1.9m | €1.8m | €7.2m | €5.4m | €1.3m | €404,601 |
| Total liabilities | €104.4m | €63.3m | €46.6m | €47.8m | €57.6m | €63.8m | €61.9m | €39.7m | €42.3m | €18.3m |
| Debt | €86.2m | €48.2m | €40.4m | €39.2m | €47.1m | €51.3m | €56.4m | €35.4m | €38.1m | €15.4m |
| Shareholders' equity | €204.9m | €111.1m | €110.6m | €97.5m | €96.8m | €97.5m | €97.9m | €72.0m | €58.6m | €34.3m |
| Shares outstanding | 15m | 9m | 9m | 8m | 8m | 8m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€820,289 | €7.3m | €2.6m | €3.1m | €5.1m | €2.2m | €3.9m | €2.3m | €1.7m | €608,188 |
| Capital spending | — | — | — | — | −€300,000 | −€2 | −€1 | — | — | — |
| Free cash flow | −€820,289 | €7.3m | €2.6m | €3.1m | €4.8m | €2.2m | €3.9m | €2.3m | €1.7m | €608,188 |
| Dividends paid | −€5.2m | −€4.1m | −€3.6m | −€3.3m | −€2.5m | −€2.1m | −€1.8m | −€1.1m | −€1.1m | −€615,607 |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €8.7m | €5.7m | €5.3m | €2.6m | €4.7m | €2.4m | €4.3m | €2.1m |
| Operating income | €3.0m | €2.5m | €3.3m | €1.7m | €2.4m | €1.2m | €1.4m | €708,740 |
| Net income | €8.2m | €2.5m | €2.9m | €1.5m | €1.5m | €752,231 | €1.1m | €566,751 |
| Diluted earnings per share | 0.55 | 0.17 | 0.32 | 0.16 | 0.16 | 0.08 | 0.12 | 0.06 |
| Cash from operations | €1.0m | −€2.0m | €4.0m | €2.0m | €2.0m | €1.0m | €1.0m | — |
| Total assets | €309.3m | €191.0m | €174.4m | €174.4m | €170.9m | €170.9m | €157.2m | €157.2m |
| Cash and short-term investments | €26.9m | €18.9m | €19.6m | €19.6m | €2.9m | €2.9m | €15.6m | €12.3m |
| Debt | €89.1m | €3.6m | €48.0m | — | €51.6m | — | €40.4m | — |
| Shareholders' equity | €204.9m | €116.4m | €111.1m | €111.1m | €109.9m | €109.9m | €110.6m | €110.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.5% | 13.6% | 33.7% |
| Operating income | 14.0% | — | 51.4% |
| Net income | 58.8% | — | 35.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 45.9% | 46.0% | 26.3% | 30.0% |
| Net margin | 62.0% | 51.4% | 25.9% | 27.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.8 | 30.0 | 31.4 | 35.1 | 52.0 | -11.7 | 78.6 | 109.2 | 181.3 | 330.2 |
| Price to sales | 17.0 | 13.3 | 12.3 | 11.4 | 11.3 | 12.6 | 27.0 | 36.0 | 49.6 | 93.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 25 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.418 | 0.45 | 0.395 | 0.389 | 0.30 | 0.27 | 0.277 | 0.192 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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