Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 7 filings
Amounts without an identifiable currency are taken as euros.
Equity
€635,641▲ 0.1%
2024 · €634,807
Net result
€834▲ 215%
2024 · €265
Total assets
€2.4m▼ 7.4%
2024 · €2.6m
Solvency
26.6%▲ 2.0pp
2024 · 24.6%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€57,473
▼ 0.9%
2025
20192025
Net result
€834
▲ 215%
2025
lowest quarter of the sector
20192025
Equity
€635,641
▲ 0.1%
2025
middle half of the sector
20192025
Total assets
€2.4m
▼ 7.4%
2025
middle half of the sector
20192025
Debt
€1.8m
▼ 9.8%
2025
20192025
Working capital
€248,249
▲ 0.3%
2025
middle half of the sector
20192025
Solvency
26.6%
▲ 2.0pp
2025
middle half of the sector
20192025
Current ratio
1.24
▲ 0.04
2025
middle half of the sector
20192025
Return on assets (ROA)
0.0%
=
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.05m-€0.06m▲ 22.3%€0.04m▼ 32.1%€0.04m▼ 3.9%€0.06m▲ 42.8%€0.06m▲ 5.3%€0.06m▼ 0.9%
Net result-€0.002m-€0.02mwithin the sector's middle half€0.009mwithin the sector's middle half▼ 57.5%-€0.001mbelow the sector's middle half€0.005mbelow the sector's middle half€265below the sector's middle half▼ 94.7%€0.001mbelow the sector's middle half▲ 215%
Equity€0.6m-€0.6mwithin the sector's middle half▲ 3.4%€0.6mwithin the sector's middle half▲ 1.4%€0.6mwithin the sector's middle half▼ 0.1%€0.6mwithin the sector's middle half▲ 0.8%€0.6mwithin the sector's middle half=€0.6mwithin the sector's middle half▲ 0.1%
Total assets€1.7m-€1.7mwithin the sector's middle half▼ 2.0%€1.8mwithin the sector's middle half▲ 9.9%€2.2mwithin the sector's middle half▲ 19.2%€2.4mwithin the sector's middle half▲ 9.0%€2.6mwithin the sector's middle half▲ 8.1%€2.4mwithin the sector's middle half▼ 7.4%
Debt€1.1m-€1.0m▼ 4.9%€1.2m▲ 14.9%€1.6m▲ 29.4%€1.7m▲ 12.3%€1.9m▲ 11.1%€1.8m▼ 9.8%
Working capital€0.3m-€0.3mabove the sector's middle half▲ 6.4%€0.2mwithin the sector's middle half▼ 29.4%€0.2mwithin the sector's middle half▼ 0.3%€0.2mwithin the sector's middle half▲ 2.1%€0.2mwithin the sector's middle half=€0.2mwithin the sector's middle half▲ 0.3%
Solvency35.3%-37.2%within the sector's middle half▲ 1.9pp34.4%within the sector's middle half▼ 2.9pp28.8%within the sector's middle half▼ 5.6pp26.6%within the sector's middle half▼ 2.2pp24.6%below the sector's middle half▼ 2.0pp26.6%within the sector's middle half▲ 2.0pp
Current ratio2.10-2.43within the sector's middle half▲ 0.331.48within the sector's middle half▼ 0.951.28within the sector's middle half▼ 0.201.24within the sector's middle half▼ 0.051.20within the sector's middle half▼ 0.041.24within the sector's middle half▲ 0.04
Return on assets (ROA)-0.1%-1.2%within the sector's middle half▲ 1.4pp0.5%within the sector's middle half▼ 0.8pp0.0%below the sector's middle half▼ 0.5pp0.2%below the sector's middle half▲ 0.2pp0.0%below the sector's middle half▼ 0.2pp0.0%below the sector's middle half=
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.
The operating result for 2025 is 1% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €2.4m
Fixed assets
€1.1m =
Current assets
€1.3m ▼ 12.7%
Equity and liabilities €2.4m
Equity
€635,641 ▲ 0.1%
Debt
€1.8m ▼ 9.8%
Debt's share of the balance-sheet total falls from 75.4% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.1%▲
2024 · 0.0%
Debt ≤ 1 year
€1.1m▼
2024 · €1.2m
Debt > 1 year
€693,000=
2024 · €693,000
Income taxes
€839▲
2024 · €825
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | €1,001 | - | €1,142 | €1,157 | €1,254 | €1,271 | €1,218 | ▼ 4.1% |
| Gross operating margin9900 | €49,298 | €59,754 | €41,266 | €39,723 | €56,346 | €59,286 | €58,691 | ▼ 1.0% |
| Operating profit (loss)9901 | €48,297 | €59,077 | €40,124 | €38,567 | €55,092 | €58,016 | €57,473 | ▼ 0.9% |
| Financial income75/76B | €38,540 | - | €19,433 | €20,032 | €22,740 | €24,714 | €25,701 | ▲ 4.0% |
| Recurring financial income75 | €38,540 | €19,470 | €19,433 | €20,032 | €22,740 | €24,714 | €25,701 | ▲ 4.0% |
| Financial charges65/66B | €89,056 | - | €46,859 | €59,014 | €70,254 | €81,640 | €81,501 | ▼ 0.2% |
| Recurring financial charges65 | €89,056 | €50,022 | €46,859 | €59,014 | €70,254 | €81,640 | €81,501 | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | -€2,219 | €28,525 | €12,698 | -€415 | €7,578 | €1,090 | €1,673 | ▲ 53.5% |
| Income taxes67/77 | €126 | €7,876 | €3,920 | €328 | €2,539 | €825 | €839 | ▲ 1.7% |
| Profit (loss) for the period9904 | -€2,345 | €20,650 | €8,778 | -€744 | €5,039 | €265 | €834 | ▲ 215% |
| Profit (loss) for the period to be appropriated9905 | -€2,345 | €20,650 | €8,778 | -€744 | €5,039 | €265 | €834 | ▲ 215% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.7m | €1.7m | €1.8m | €2.2m | €2.4m | €2.6m | €2.4m | ▼ 7.4% |
| Formation expenses20 | - | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Intangible fixed assets21 | - | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €0.6m | €0.6m | €0.8m | €1.1m | €1.3m | €1.5m | €1.3m | ▼ 12.7% |
| Stocks and contracts in progress3 | - | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.7m | €0.7m | €0.6m | €0.7m | €0.7m | ▲ 1.5% |
| Trade receivables40 | €0.07m | - | €0.2m | €0.1m | €0.03m | €0.04m | €0.03m | ▼ 37.5% |
| Other amounts receivable41 | €0.5m | - | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 4.0% |
| Current investments50/53 | - | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.06m | €0.4m | €0.7m | €0.8m | €0.6m | ▼ 24.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.8m | €2.2m | €2.4m | €2.6m | €2.4m | ▼ 7.4% |
| Equity10/15 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 0.1% |
| Contributions10/11 | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | €0.6m | - | - | - | - | - | - | - |
| Issued capital100 | €0.6m | - | - | - | - | - | - | - |
| Reserves13 | - | - | - | - | - | €0.03m | €0.03m | ▲ 3.2% |
| Distributable reserves133 | - | - | - | - | - | €0.03m | €0.03m | ▲ 3.2% |
| Profit (loss) carried forward14 | -€0.008m | €0.01m | €0.02m | €0.02m | €0.03m | €0 | - | - |
| Amounts payable17/49 | €1.1m | €1.0m | €1.2m | €1.6m | €1.7m | €1.9m | €1.8m | ▼ 9.8% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Financial debts170/4 | €0.8m | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.5m | €0.9m | €1.1m | €1.2m | €1.1m | ▼ 15.3% |
| Trade debts44 | €0.007m | €0.007m | €0.004m | €0.004m | €0.004m | €0.003m | €0.003m | ▼ 3.8% |
| Suppliers440/4 | €0.007m | - | €0.004m | €0.004m | €0.004m | €0.003m | €0.003m | ▼ 3.8% |
| Taxes, remuneration and social security45 | €0.002m | - | €0.007m | €0.003m | €0.005m | €0.001m | €0.004m | ▲ 403% |
| Taxes450/3 | €126 | - | €0.004m | €328 | €0.003m | €0.001m | €0.002m | ▲ 102% |
| Remuneration and social security454/9 | €0.002m | - | €0.003m | €0.003m | €0.002m | €0 | €0.002m | - |
| Other amounts payable47/48 | €0.3m | - | €0.5m | €0.9m | €1.0m | €1.2m | €1.0m | ▼ 15.6% |
| Accrued charges and deferred income492/3 | €0.003m | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,345 | €20,650 | €8,778 | -€744 | €5,039 | €265 | €834 | ▲ 215% |
| + Depreciation and write-downs630 | - | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,345 | €20,650 | €8,778 | -€744 | €5,039 | €265 | €834 | ▲ 215% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,667 | €30,741 | €386,851 | €224,967 | €154,769 | -€201,340 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00358028 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00351592 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00425574 | |
| 31-12-2022 | abbreviated format | 21-08-2023 | 2023-00350367 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20204147 | |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-36200029 | |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-35800066 |