Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 4 filings
Equity
€276,622▲ 26.2%
2024 · €219,236
Net result
€97,386▼ 2.6%
2024 · €100,033
Total assets
€390,032▲ 29.6%
2024 · €301,044
Solvency
70.9%▼ 1.9pp
2024 · 72.8%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€145,131
▲ 1.4%
2025
20222025
Net result
€97,386
▼ 2.6%
2025
highest quarter of the sector
20222025
Equity
€276,622
▲ 26.2%
2025
middle half of the sector
20222025
Total assets
€390,032
▲ 29.6%
2025
middle half of the sector
20222025
Debt
€113,410
▲ 38.6%
2025
20222025
Working capital
€269,478
▲ 34.5%
2025
highest quarter of the sector
20222025
Solvency
70.9%
▼ 1.9pp
2025
middle half of the sector
20222025
Current ratio
3.39
▼ 0.09
2025
middle half of the sector
20222025
Return on assets (ROA)
25.0%
▼ 8.3pp
2025
highest quarter of the sector
20222025
Staff (FTE)
no figure
2025
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€87,991-€66,258▼ 24.7%€143,162▲ 116%€145,131▲ 1.4%
Net result€62,930within the sector's middle half-€51,274within the sector's middle half▼ 18.5%€100,033above the sector's middle half▲ 95.1%€97,386above the sector's middle half▼ 2.6%
Equity€67,930within the sector's middle half-€119,203within the sector's middle half▲ 75.5%€219,236within the sector's middle half▲ 83.9%€276,622within the sector's middle half▲ 26.2%
Total assets€121,737below the sector's middle half-€164,790within the sector's middle half▲ 35.4%€301,044within the sector's middle half▲ 82.7%€390,032within the sector's middle half▲ 29.6%
Debt€53,808-€45,587▼ 15.3%€81,808▲ 79.5%€113,410▲ 38.6%
Working capital€61,904within the sector's middle half-€97,177within the sector's middle half▲ 57.0%€200,343above the sector's middle half▲ 106%€269,478above the sector's middle half▲ 34.5%
Solvency55.8%within the sector's middle half-72.3%within the sector's middle half▲ 16.5pp72.8%within the sector's middle half▲ 0.5pp70.9%within the sector's middle half▼ 1.9pp
Current ratio2.15within the sector's middle half-3.16within the sector's middle half▲ 1.013.48within the sector's middle half▲ 0.313.39within the sector's middle half▼ 0.09
Return on assets (ROA)51.7%above the sector's middle half-31.1%above the sector's middle half▼ 20.6pp33.2%above the sector's middle half▲ 2.1pp25.0%above the sector's middle half▼ 8.3pp
Staff (FTE)0.4-1▲ 150%
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
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 €390,032
Fixed assets
€7,647 ▼ 61.3%
Current assets
€382,385 ▲ 35.9%
Equity and liabilities €390,032
Equity
€276,622 ▲ 26.2%
Debt
€113,410 ▲ 38.6%
Debt's share of the balance-sheet total rises from 27.2% to 29.1%. Equity and debt are higher.
Key figures and ratios
ROE
35.2%▼
2024 · 45.6%
Debt ≤ 1 year
€112,907▲
2024 · €80,932
Income taxes
€46,931▲
2024 · €41,782
Staff costs
€36,582▲
2024 · €36,229
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 0.4 | 1 |
| On a permanent contract | 1 | - |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €6,235 | €19,991 | €5,214 | - |
| Intangible fixed assets | €3,127 | - | - | - |
| Financial fixed assets | €235 | - | - | - |
| Depreciation and write-downs of the year | €3,572 | €3,333 | €8,128 | €2,599 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,788 | €40,238 | €36,229 | €36,582 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,572 | €3,333 | €8,128 | €2,599 | ▼ 68.0% |
| Other operating charges640/8 | €3,181 | €870 | €1,037 | €928 | ▼ 10.5% |
| Gross operating margin9900 | €108,532 | €110,699 | €188,556 | €185,240 | ▼ 1.8% |
| Operating profit (loss)9901 | €87,991 | €66,258 | €143,162 | €145,131 | ▲ 1.4% |
| Financial income75/76B | €0 | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - |
| Financial charges65/66B | €18 | €1,027 | €1,347 | €814 | ▼ 39.5% |
| Recurring financial charges65 | €18 | €1,027 | €1,347 | €814 | ▼ 39.5% |
| Profit (loss) for the period before taxes9903 | €87,973 | €65,232 | €141,815 | €144,317 | ▲ 1.8% |
| Income taxes67/77 | €25,044 | €13,958 | €41,782 | €46,931 | ▲ 12.3% |
| Profit (loss) for the period9904 | €62,930 | €51,274 | €100,033 | €97,386 | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €62,930 | €51,274 | €100,033 | €97,386 | ▼ 2.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €121,737 | €164,790 | €301,044 | €390,032 | ▲ 29.6% |
| Fixed assets21/28 | €6,026 | €22,684 | €19,769 | €7,647 | ▼ 61.3% |
| Tangible fixed assets22/27 | €5,790 | €22,448 | €19,533 | €7,411 | ▼ 62.1% |
| Furniture and vehicles24 | €5,790 | €22,448 | €19,533 | €7,411 | ▼ 62.1% |
| Financial fixed assets28 | €235 | €235 | €235 | €235 | = |
| Current assets29/58 | €115,712 | €142,106 | €281,275 | €382,385 | ▲ 35.9% |
| Amounts receivable within one year40/41 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Trade receivables40 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Cash at bank and in hand54/58 | €99,098 | €124,828 | €263,846 | €347,362 | ▲ 31.7% |
| Deferred charges and accrued income490/1 | €1,613 | €2,279 | €2,429 | €20,023 | ▲ 724% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €121,737 | €164,790 | €301,044 | €390,032 | ▲ 29.6% |
| Equity10/15 | €67,930 | €119,203 | €219,236 | €276,622 | ▲ 26.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €62,930 | €62,930 | €162,962 | €260,348 | ▲ 59.8% |
| Distributable reserves133 | €62,930 | €62,930 | €162,962 | €260,348 | ▲ 59.8% |
| Profit (loss) carried forward14 | - | €51,274 | €51,274 | €11,274 | ▼ 78.0% |
| Amounts payable17/49 | €53,808 | €45,587 | €81,808 | €113,410 | ▲ 38.6% |
| Amounts payable within one year42/48 | €53,808 | €44,929 | €80,932 | €112,907 | ▲ 39.5% |
| Financial debts43 | €4,736 | €1,531 | €2,832 | - | - |
| Credit institutions430/8 | €4,736 | €1,531 | €2,832 | - | - |
| Trade debts44 | €1,469 | €436 | €369 | €4,686 | ▲ 13× |
| Suppliers440/4 | €1,469 | €436 | €369 | €4,686 | ▲ 13× |
| Taxes, remuneration and social security45 | €31,403 | €26,217 | €63,268 | €68,380 | ▲ 8.1% |
| Taxes450/3 | €25,779 | €15,608 | €56,961 | €60,858 | ▲ 6.8% |
| Remuneration and social security454/9 | €5,624 | €10,609 | €6,307 | €7,522 | ▲ 19.3% |
| Other amounts payable47/48 | €16,200 | €16,746 | €14,462 | €39,842 | ▲ 175% |
| Accrued charges and deferred income492/3 | - | €657 | €876 | €503 | ▼ 42.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,930 | €51,274 | €100,033 | €97,386 | ▼ 2.6% |
| + Depreciation and write-downs630 | €3,572 | €3,333 | €8,128 | €2,599 | ▼ 68.0% |
| Operating cash flow (approximation) | €66,501 | €54,607 | €108,161 | €99,985 | ▼ 7.6% |
| Investment in fixed assets (approximation) | - | -€19,991 | -€5,214 | €9,523 | - |
| Change in cash | - | €25,729 | €139,019 | €83,516 | ▼ 39.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.