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Private limited companyfounded 1996active for 30 yearsHeuvelstraat 7, 3960 Bree, BelgiumKBO/BCE: BE 0458.508.211

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 12-06-2026 PDF all 29 filings

Equity
€5.2m▼ 15.3%
2024 · €6.1m
Net result
-€105,901▼ 13.5%
2024 · -€93,310
Total assets
€6.4m▼ 3.5%
2024 · €6.7m
Solvency
80.8%▼ 11.3pp
2024 · 92.1%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €120,724, larger than the loss of €104,377 in 2024. It is the lowest result since 2021.

Operating result-€0.1m 2025 Net result-€0.1m 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, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.06m-€0.003m€0.05m▲ 16×€0.04m▼ 25.3%-€0.06m-€0.1m▼ 77.2%-€0.1m▲ 1.6%-€0.1m▼ 15.7%
Net result€0.06m-€0.2m▲ 154%€0.7mabove the sector's middle half▲ 358%€0.1mwithin the sector's middle half▼ 79.1%-€0.5mbelow the sector's middle half-€0.09mbelow the sector's middle half▲ 82.6%-€0.09mbelow the sector's middle half▼ 8.0%-€0.1mbelow the sector's middle half▼ 13.5%
Equity€7.6m-€7.7m▲ 2.0%€7.6mabove the sector's middle half▼ 1.8%€6.9mabove the sector's middle half▼ 9.0%€6.3mabove the sector's middle half▼ 8.5%€6.2mabove the sector's middle half▼ 1.4%€6.1mabove the sector's middle half▼ 1.5%€5.2mabove the sector's middle half▼ 15.3%
Total assets€9.8m-€10.0m▲ 1.2%€9.4mabove the sector's middle half▼ 6.0%€8.0mabove the sector's middle half▼ 14.1%€7.7mabove the sector's middle half▼ 4.8%€7.1mabove the sector's middle half▼ 7.5%€6.7mabove the sector's middle half▼ 5.8%€6.4mabove the sector's middle half▼ 3.5%
Debt€2.2m-€2.1m▼ 1.3%€1.7m▼ 20.4%€1.1m▼ 37.2%€1.3m▲ 18.7%€0.8m▼ 38.4%€0.5m▼ 40.3%€1.2m▲ 152%
Working capital€1.2m-€1.0m▼ 15.7%€0.5mabove the sector's middle half▼ 45.4%-€0.5mbelow the sector's middle half€0.03mwithin the sector's middle half€1.3mabove the sector's middle half▲ 42×€1.1mabove the sector's middle half▼ 12.8%€0.5mabove the sector's middle half▼ 58.4%
Solvency77.1%-77.7%▲ 0.6pp81.1%above the sector's middle half▲ 3.4pp85.9%above the sector's middle half▲ 4.8pp82.6%above the sector's middle half▼ 3.3pp88.1%above the sector's middle half▲ 5.5pp92.1%above the sector's middle half▲ 4.0pp80.8%above the sector's middle half▼ 11.3pp
Current ratio1.83-1.63▼ 0.191.42within the sector's middle half▼ 0.210.49within the sector's middle half▼ 0.931.02within the sector's middle half▲ 0.532.63within the sector's middle half▲ 1.603.39above the sector's middle half▲ 0.761.53within the sector's middle half▼ 1.86
Return on assets (ROA)0.6%-1.5%▲ 0.9pp7.4%within the sector's middle half▲ 5.8pp1.8%within the sector's middle half▼ 5.6pp-6.5%below the sector's middle half▼ 8.3pp-1.2%below the sector's middle half▲ 5.3pp-1.4%below the sector's middle half▼ 0.2pp-1.6%below the sector's middle half▼ 0.2pp
Staff (FTE)1within the sector's middle half1within 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.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.4m
Fixed assets €5.1m ▲ 0.1%
Current assets €1.3m ▼ 15.0%
Equity and liabilities €6.4m
Equity €5.2m ▼ 15.3%
Provisions €55,180 ▼ 4.4%
Debt €1.2m ▲ 152%
Debt's share of the balance-sheet total rises from 7.0% to 18.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-2.0%▼
2024 · -1.5%
Debt ≤ 1 year
€875,964▲
2024 · €464,376
Debt > 1 year
€300,000
Staff costs
€7,853▲
2024 · €7,579
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202431-12-2025
Employees at the balance-sheet date11
full-time11
part-time00
in full-time equivalents11
Average over the year, in full-time equivalents11
On a permanent contract11

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets-€3,522€53,057€107,576€57,434
Financial fixed assets€3,047----
Depreciation and write-downs of the year€38,531€34,955€36,399€40,844€43,319

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€6.7m€6.4m▼
Fixed assets21/28€5.1m€5.1m▲
Tangible fixed assets22/27€1.2m€1.2m▲
Land and buildings22€1.2m€1.2m▲
Plant, machinery and equipment23€0.005m€0.002m▼
Furniture and vehicles24€0.02m€0.01m▼
Financial fixed assets28€3.9m€3.9m=
Current assets29/58€1.6m€1.3m▼
Amounts receivable after more than one year29€0.3m€0.3m▲
Other amounts receivable291€0.3m€0.3m▲
Amounts receivable within one year40/41€1.3m€1.0m▼
Trade receivables40€0.03m€0.008m▼
Other amounts receivable41€1.2m€1.0m▼
Cash at bank and in hand54/58€0.001m€0.003m▲
Deferred charges and accrued income490/1€0.001m€0.001m▲
Equity and liabilities
Total equity and liabilities10/49€6.7m€6.4m▼
Equity10/15€6.1m€5.2m▼
Contributions10/11€5.6m€5.1m▼
Reserves13€0.5m€0.2m▼
Tax-exempt reserves132€0.2m€0.2m▼
Distributable reserves133€0.3m€0▼
Profit (loss) carried forward14--€0.03m
Provisions and deferred taxes16€0.06m€0.06m▼
Deferred taxes168€0.06m€0.06m▼
Amounts payable17/49€0.5m€1.2m▲
Amounts payable after more than one year17-€0.3m
Financial debts170/4-€0.3m
Amounts payable within one year42/48€0.5m€0.9m▲
Financial debts43€0.4m€0.4m▲
Credit institutions430/8€0.4m€0.4m▲
Trade debts44€0.03m€0.02m▼
Suppliers440/4€0.03m€0.02m▼
Taxes, remuneration and social security45€0.001m€0▼
Taxes450/3€0.001m€0▼
Other amounts payable47/48€0.009m€0.4m▲
Accrued charges and deferred income492/3€0.002m€0.002m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.008m€0.008m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m▲
Other operating charges640/8€0.02m€0.02m▲
Gross operating margin9900-€0.04m-€0.05m▼
Operating profit (loss)9901-€0.1m-€0.1m▼
Financial income75/76B€0.04m€0.03m▼
Recurring financial income75€0.04m€0.03m▼
Financial charges65/66B€0.04m€0.02m▼
Recurring financial charges65€0.04m€0.02m▼
Profit (loss) for the period before taxes9903-€0.1m-€0.1m▼
Transfer from deferred taxes780€0.003m€0.003m=
Income taxes67/77€0-
Profit (loss) for the period9904-€0.09m-€0.1m▼
Transfer from tax-exempt reserves789€0.008m€0.008m=
Profit (loss) for the period to be appropriated9905-€0.09m-€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.09m-€0.1m▼
Transfer from equity791/2€0.09m€0.9m▲
Profit to be distributed694/7-€0.8m
Return on contributions (dividend)694-€0.8m
Social balance sheet
Average headcount (FTE)90871.01.0=

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-06-2026.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€6,499€6,657€7,286€7,579€7,853▲ 3.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,412€19,067€33,438€38,531€34,955€36,399€40,844€43,319▲ 6.1%
Other operating charges640/8---€38,529€7,951€7,526€16,273€17,920▲ 10.1%
Gross operating margin9900-€5,692€52,626€89,868€121,346-€10,307-€54,875-€39,680-€51,633▼ 30.1%
Operating profit (loss)9901-€57,469€3,251€50,581€37,787-€59,869-€106,086-€104,377-€120,724▼ 15.7%
Financial income75/76B---€177,652€81,655€62,496€44,209€34,899▼ 21.1%
Recurring financial income75€170,560€225,241€704,670€177,652€81,655€62,496€44,209€34,899▼ 21.1%
Financial charges65/66B---€27,511€519,141€44,706€35,680€22,615▼ 36.6%
Recurring financial charges65€46,548€44,216€48,092€27,511€519,141€44,706€35,680€22,615▼ 36.6%
Profit (loss) for the period before taxes9903€66,543€184,276€707,159€187,928-€497,355-€88,296-€95,848-€108,440▼ 13.1%
Transfer from deferred taxes780---€2,539€2,539€2,539€2,539€2,539=
Income taxes67/77€10,036€36,643€21,908€46,539€1,782€654€0--
Profit (loss) for the period9904€59,329€150,453€688,736€143,928-€496,598-€86,411-€93,310-€105,901▼ 13.5%
Transfer from tax-exempt reserves789---€7,616€7,616€7,616€7,616€7,616=
Profit (loss) for the period to be appropriated9905€66,045€157,168€699,192€151,544-€488,982-€78,795-€85,693-€98,285▼ 14.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€9.8m€10.0m€9.4m€8.0m€7.7m€7.1m€6.7m€6.4m▼ 3.5%
Fixed assets21/28€7.3m€7.5m€7.6m€7.5m€6.4m€5.0m€5.1m€5.1m▲ 0.1%
Tangible fixed assets22/27€0.9m€1.1m€1.2m€1.2m€1.2m€1.1m€1.2m€1.2m▲ 0.5%
Land and buildings22---€1.2m€1.1m€1.1m€1.2m€1.2m▲ 1.0%
Plant, machinery and equipment23----€0.003m€0.002m€0.005m€0.002m▼ 50.2%
Furniture and vehicles24---€0.01m€0.01m€0.02m€0.02m€0.01m▼ 25.2%
Financial fixed assets28€6.3m€6.3m€6.3m€6.4m€5.2m€3.9m€3.9m€3.9m=
Current assets29/58€2.5m€2.5m€1.8m€0.5m€1.3m€2.1m€1.6m€1.3m▼ 15.0%
Amounts receivable after more than one year29----€0.5m€0.3m€0.3m€0.3m▲ 1.0%
Other amounts receivable291----€0.5m€0.3m€0.3m€0.3m▲ 1.0%
Amounts receivable within one year40/41€1.9m€1.8m€1.2m€0.4m€0.7m€1.7m€1.3m€1.0m▼ 19.2%
Trade receivables40---€0€0.09m€0.1m€0.03m€0.008m▼ 75.3%
Other amounts receivable41---€0.4m€0.6m€1.6m€1.2m€1.0m▼ 17.8%
Current investments50/53€0.6m€0.6m€0.6m€0.04m€0.04m€0---
Cash at bank and in hand54/58€0.02m€0.08m€0.02m€0.06m€0.02m€0.009m€0.001m€0.003m▲ 216%
Deferred charges and accrued income490/1---€0.004m€0.005m€0.003m€0.001m€0.001m▲ 26.0%
Equity and liabilities
Total equity and liabilities10/49€9.8m€10.0m€9.4m€8.0m€7.7m€7.1m€6.7m€6.4m▼ 3.5%
Equity10/15€7.6m€7.7m€7.6m€6.9m€6.3m€6.2m€6.1m€5.2m▼ 15.3%
Contributions10/11€7.2m€7.2m-€5.6m€5.6m€5.6m€5.6m€5.1m▼ 10.2%
Reserves13€0.4m€0.5m€1.2m€1.3m€0.7m€0.6m€0.5m€0.2m▼ 66.8%
Tax-exempt reserves132---€0.2m€0.2m€0.2m€0.2m€0.2m▼ 4.4%
Distributable reserves133---€1.1m€0.5m€0.4m€0.3m€0▼ 100%
Profit (loss) carried forward14---€0€0€0--€0.03m-
Provisions and deferred taxes16€0.09m€0.08m€0.07m€0.07m€0.06m€0.06m€0.06m€0.06m▼ 4.4%
Deferred taxes168---€0.07m€0.06m€0.06m€0.06m€0.06m▼ 4.4%
Amounts payable17/49€2.2m€2.1m€1.7m€1.1m€1.3m€0.8m€0.5m€1.2m▲ 152%
Amounts payable after more than one year17€0.8m€0.6m€0.4m€0.02m€0--€0.3m-
Financial debts170/4---€0.02m€0--€0.3m-
Amounts payable within one year42/48€1.4m€1.5m€1.3m€1.0m€1.3m€0.8m€0.5m€0.9m▲ 88.6%
Current portion of amounts payable after more than one year42---€0.07m€0.02m€0---
Financial debts43---€0.7m€0.8m€0.7m€0.4m€0.4m▲ 0.5%
Credit institutions430/8---€0.7m€0.8m€0.7m€0.4m€0.4m▲ 0.5%
Trade debts44€0.2m€0.05m€0.2m€0.09m€0.09m€0.1m€0.03m€0.02m▼ 50.3%
Suppliers440/4---€0.09m€0.09m€0.1m€0.03m€0.02m▼ 50.3%
Taxes, remuneration and social security45---€0.09m€0.07m€0.001m€0.001m€0▼ 100%
Taxes450/3---€0.07m€0.05m€0.001m€0.001m€0▼ 100%
Remuneration and social security454/9---€0.02m€0.02m€0---
Other amounts payable47/48---€0.07m€0.3m€0€0.009m€0.4m▲ 51×
Accrued charges and deferred income492/3---€0€0.002m€0.002m€0.002m€0.002m▼ 7.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.06m€0.2m€0.7m€0.1m-€0.5m-€0.09m-€0.09m-€0.1m▼ 13.5%
+ Depreciation and write-downs630€0.05m€0.02m€0.03m€0.04m€0.03m€0.04m€0.04m€0.04m▲ 6.1%
Operating cash flow (approximation)€0.1m€0.2m€0.7m€0.2m-€0.5m-€0.05m-€0.05m-€0.06m▼ 19.3%
Investment in fixed assets (approximation)--€0.2m-€0.1m-€0.003m€1.1m€1.3m-€0.1m-€0.05m▲ 54.6%
Change in cash-€0.06m-€0.05m€0.04m-€0.04m-€0.008m-€0.008m€0.002m-

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 29 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 12-06-2026 2026-00161588 PDF
31-12-2024 abbreviated format 11-03-2025 2025-00046607 PDF
31-12-2023 abbreviated format 22-02-2024 2024-00033079 PDF
31-12-2022 abbreviated format 30-06-2023 2023-00205797 PDF
31-12-2021 abbreviated format 27-07-2022 2022-20230940 PDF
31-12-2020 abbreviated format 22-02-2021 2021-06100335 PDF
31-12-2019 abbreviated format 14-08-2020 2020-41300085 PDF
31-12-2018 abbreviated format 26-07-2019 2019-38700226 PDF
31-12-2017 abbreviated format 31-08-2018 2018-57500226 PDF
31-12-2016 micro format 27-07-2017 2017-37100329 PDF

Show all 29 filings

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