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Private limited company (pre-2019)founded 2010active for 16 yearsWannegem-Ledestraat (WAN) 10, 9772 Kruisem, BelgiumKBO/BCE: BE 0829.873.404

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-04-2026 PDF all 15 filings

Equity
€275,108▲ 12.8%
2024 · €243,914
Net result
€34,993▼ 2.7%
2024 · €35,964
Total assets
€318,733▼ 8.3%
2024 · €347,501
Solvency
86.3%▲ 16.1pp
2024 · 70.2%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 4% higher than in 2024. It is the second rise in a row, after the fall in 2023.

Operating result€50,305 2025 Net result€34,993 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€21,683-€83,253▲ 284%€65,318▼ 21.5%€76,816▲ 17.6%€47,619▼ 38.0%€48,401▲ 1.6%€50,305▲ 3.9%
Net result€13,799-€50,007within the sector's middle half▲ 262%€49,810within the sector's middle half▼ 0.4%€59,969within the sector's middle half▲ 20.4%€34,800within the sector's middle half▼ 42.0%€35,964within the sector's middle half▲ 3.3%€34,993within the sector's middle half▼ 2.7%
Equity€191,329-€241,336within the sector's middle half▲ 26.1%€241,336within the sector's middle half=€301,305within the sector's middle half▲ 24.8%€336,105within the sector's middle half▲ 11.5%€243,914within the sector's middle half▼ 27.4%€275,108within the sector's middle half▲ 12.8%
Total assets€256,598-€291,955within the sector's middle half▲ 13.8%€355,766within the sector's middle half▲ 21.9%€427,969within the sector's middle half▲ 20.3%€472,746within the sector's middle half▲ 10.5%€347,501within the sector's middle half▼ 26.5%€318,733within the sector's middle half▼ 8.3%
Debt€65,269-€50,619▼ 22.4%€114,430▲ 126%€126,664▲ 10.7%€136,640▲ 7.9%€103,587▼ 24.2%€43,625▼ 57.9%
Working capital€166,765-€227,834above the sector's middle half▲ 36.6%€240,669above the sector's middle half▲ 5.6%€295,418above the sector's middle half▲ 22.7%€329,916above the sector's middle half▲ 11.7%€236,628above the sector's middle half▼ 28.3%€264,337above the sector's middle half▲ 11.7%
Solvency74.6%-82.7%above the sector's middle half▲ 8.1pp67.8%within the sector's middle half▼ 14.8pp70.4%within the sector's middle half▲ 2.6pp71.1%within the sector's middle half▲ 0.7pp70.2%within the sector's middle half▼ 0.9pp86.3%above the sector's middle half▲ 16.1pp
Current ratio3.57-5.56above the sector's middle half▲ 1.993.12within the sector's middle half▼ 2.454.52above the sector's middle half▲ 1.414.14above the sector's middle half▼ 0.383.83within the sector's middle half▼ 0.318.57above the sector's middle half▲ 4.74
Return on assets (ROA)5.4%-17.1%within the sector's middle half▲ 11.8pp14.0%within the sector's middle half▼ 3.1pp14.0%within the sector's middle half=7.4%within the sector's middle half▼ 6.7pp10.3%within the sector's middle half▲ 3.0pp11.0%within the sector's middle half▲ 0.6pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318,733
Fixed assets €19,483 ▼ 28.8%
Current assets €299,250 ▼ 6.5%
Equity and liabilities €318,733
Equity €275,108 ▲ 12.8%
Debt €43,625 ▼ 57.9%
Debt's share of the balance-sheet total falls from 29.8% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
12.7%▼
2024 · 14.7%
Debt ≤ 1 year
€34,914▼
2024 · €83,494
Debt > 1 year
€8,712▼
2024 · €20,093
Income taxes
€16,155▲
2024 · €15,881
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item30-09-202230-09-202330-09-202430-09-2025
Pledge on other assets, amount secured€52,691---
Carrying value of the other pledged assets€47,518---

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-09-202230-09-202330-09-202430-09-2025
Tangible fixed assets€51,706--€2,830
Depreciation and write-downs of the year€4,408€10,842€10,501€10,661

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as 10be: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €264,000 and €360,000, founded between 2009 and 2011.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
10be Kruisem2010€318,733€275,108€61,956€34,9932025
VP SERVICE Brakel2010€321,323€44,974€60,899€15,4102025
Pharma More Management Destelbergen2010€330,915€71,137€54,742€15,4782025
WICAR Berlare2011€347,378€320,298€71,374€38,5562025
NICSAN Lokeren2009€359,825-€47,514€61,557-€4462025
TC BUILDING Maldegem2010€264,344€177,019€55,951€27,6922025
GVO SERVICE Sint-Gillis-Waas2010€312,560€209,032€80,111€43,9462025

They were chosen from the 20,095 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Source: Annual accounts 2025 (PDF), filed on 28-04-2026.

Balance sheet Code20242025
Assets
Total assets20/58€347,501€318,733▼
Fixed assets21/28€27,380€19,483▼
Tangible fixed assets22/27€27,380€19,483▼
Furniture and vehicles24€27,380€19,483▼
Current assets29/58€320,121€299,250▼
Amounts receivable within one year40/41€144,819€107,681▼
Trade receivables40€36,300€0▼
Other amounts receivable41€108,519€107,681▼
Current investments50/53€175,000€175,000=
Cash at bank and in hand54/58-€15,114
Deferred charges and accrued income490/1€303€1,455▲
Equity and liabilities
Total equity and liabilities10/49€347,501€318,733▼
Equity10/15€243,914€275,108▲
Contributions10/11€18,600€18,600=
Reserves13€225,314€256,508▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€223,454€254,648▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€103,587€43,625▼
Amounts payable after more than one year17€20,093€8,712▼
Financial debts170/4€20,093€8,712▼
Amounts payable within one year42/48€83,494€34,914▼
Current portion of amounts payable after more than one year42€11,120€11,382▲
Financial debts43€41,940€0▼
Credit institutions430/8€41,940€0▼
Trade debts44€6,789€1,249▼
Suppliers440/4€6,789€1,249▼
Taxes, remuneration and social security45€23,644€22,283▼
Taxes450/3€23,644€22,283▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,501€10,661▲
Other operating charges640/8€1,213€990▼
Gross operating margin9900€60,114€61,956▲
Operating profit (loss)9901€48,401€50,305▲
Financial income75/76B€9,242€5,483▼
Recurring financial income75€9,242€5,483▼
Financial charges65/66B€5,798€4,639▼
Recurring financial charges65€5,798€4,639▼
Profit (loss) for the period before taxes9903€51,845€51,149▼
Income taxes67/77€15,881€16,155▲
Profit (loss) for the period9904€35,964€34,993▼
Profit (loss) for the period to be appropriated9905€35,964€34,993▼
Appropriation of the result
Profit (loss) to be appropriated9906€35,964€34,993▼
Transfer from equity791/2€128,155€3,799▼
Transfer to equity691/2€35,964€34,993▼
To other reserves6921€35,964€34,993▼
Profit to be distributed694/7€128,155€3,799▼
Return on contributions (dividend)694€128,155€3,799▼

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,275€12,818€12,773€4,408€10,842€10,501€10,661▲ 1.5%
Other operating charges640/8---€940€1,638€1,213€990▼ 18.4%
Gross operating margin9900€35,894€97,056€79,024€82,164€60,100€60,114€61,956▲ 3.1%
Operating profit (loss)9901€21,683€83,253€65,318€76,816€47,619€48,401€50,305▲ 3.9%
Financial income75/76B---€7,657€8,361€9,242€5,483▼ 40.7%
Recurring financial income75€22€2,592€7,215€7,657€8,361€9,242€5,483▼ 40.7%
Financial charges65/66B---€4,748€5,618€5,798€4,639▼ 20.0%
Recurring financial charges65€3,064€2,981€1,442€4,748€5,618€5,798€4,639▼ 20.0%
Profit (loss) for the period before taxes9903€18,641€82,865€71,091€79,725€50,362€51,845€51,149▼ 1.3%
Income taxes67/77€4,841€32,857€21,281€19,756€15,563€15,881€16,155▲ 1.7%
Profit (loss) for the period9904€13,799€50,007€49,810€59,969€34,800€35,964€34,993▼ 2.7%
Profit (loss) for the period to be appropriated9905€13,799€50,007€49,810€59,969€34,800€35,964€34,993▼ 2.7%
Line2019202020212022202320242025Change
Assets
Total assets20/58€256,598€291,955€355,766€427,969€472,746€347,501€318,733▼ 8.3%
Fixed assets21/28€24,912€14,198€1,425€48,723€37,881€27,380€19,483▼ 28.8%
Tangible fixed assets22/27€24,912€14,198€1,425€48,723€37,881€27,380€19,483▼ 28.8%
Furniture and vehicles24---€48,723€37,881€27,380€19,483▼ 28.8%
Current assets29/58€231,686€277,757€354,341€379,246€434,865€320,121€299,250▼ 6.5%
Amounts receivable after more than one year29---€100,000€0---
Other amounts receivable291---€100,000€0---
Amounts receivable within one year40/41€56,686€2,757€79,341€104,246€259,865€144,819€107,681▼ 25.6%
Trade receivables40---€49,054€24,100€36,300€0▼ 100%
Other amounts receivable41---€55,192€235,765€108,519€107,681▼ 0.8%
Current investments50/53€175,000€175,000€175,000€175,000€175,000€175,000€175,000=
Cash at bank and in hand54/58------€15,114-
Deferred charges and accrued income490/1-----€303€1,455▲ 381%
Equity and liabilities
Total equity and liabilities10/49€256,598€291,955€355,766€427,969€472,746€347,501€318,733▼ 8.3%
Equity10/15€191,329€241,336€241,336€301,305€336,105€243,914€275,108▲ 12.8%
Contributions10/11€18,600--€18,600€18,600€18,600€18,600=
Reserves13€172,729€222,736€222,736€282,705€317,505€225,314€256,508▲ 13.8%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Distributable reserves133---€280,845€315,645€223,454€254,648▲ 14.0%
Profit (loss) carried forward14---€0-€0€0-
Amounts payable17/49€65,269€50,619€114,430€126,664€136,640€103,587€43,625▼ 57.9%
Amounts payable after more than one year17---€42,077€31,213€20,093€8,712▼ 56.6%
Financial debts170/4---€42,077€31,213€20,093€8,712▼ 56.6%
Amounts payable within one year42/48€64,921€49,924€113,672€83,828€104,948€83,494€34,914▼ 58.2%
Current portion of amounts payable after more than one year42---€10,614€10,864€11,120€11,382▲ 2.4%
Financial debts43---€40,515€47,139€41,940€0▼ 100%
Credit institutions430/8---€40,515€47,139€41,940€0▼ 100%
Trade debts44€8,149€67€650€6,301€5,511€6,789€1,249▼ 81.6%
Suppliers440/4---€6,301€5,511€6,789€1,249▼ 81.6%
Taxes, remuneration and social security45---€26,397€41,434€23,644€22,283▼ 5.8%
Taxes450/3---€26,397€41,434€23,644€22,283▼ 5.8%
Other amounts payable47/48---€0----
Accrued charges and deferred income492/3---€759€479€0--
Line2019202020212022202320242025Change
Profit (loss) for the period9904€13,799€50,007€49,810€59,969€34,800€35,964€34,993▼ 2.7%
+ Depreciation and write-downs630€13,275€12,818€12,773€4,408€10,842€10,501€10,661▲ 1.5%
Operating cash flow (approximation)€27,074€62,826€62,583€64,377€45,642€46,465€45,655▼ 1.7%
Investment in fixed assets (approximation)--€2,104€0-€51,706€0€0-€2,765-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 28-04-2026 2026-00090351 PDF
30-09-2024 micro format 16-04-2025 2025-00070341 PDF
30-09-2023 micro format 25-04-2024 2024-00068925 PDF
30-09-2022 micro format 27-04-2023 2023-00069727 PDF
30-09-2021 micro format 30-03-2022 2022-09300067 PDF
30-09-2020 micro format 29-03-2021 2021-08800161 PDF
30-09-2019 micro format 30-04-2020 2020-10800297 PDF
30-09-2018 micro format 22-03-2019 2019-07700365 PDF
30-09-2017 micro format 26-03-2018 2018-07800350 PDF
30-09-2016 abbreviated format 04-01-2017 2017-00200555 PDF

Show all 15 filings

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