Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 17 filings
Equity
€950,479▲ 11.0%
2024 · €856,442
Net result
€94,037
2024 · -€38,256
Total assets
€2.4m▲ 20.5%
2024 · €2.0m
Solvency
39.9%▼ 3.4pp
2024 · 43.4%
In the rankings
#6 company by total assets in Erpe-Mere, Finance and insurance sector#10 oldest company in Erpe-Mere, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€152,414
2025
20182025
Net result
€94,037
2025
highest quarter of the sector
20182025
Equity
€950,479
▲ 11.0%
2025
highest quarter of the sector
20182025
Total assets
€2.4m
▲ 20.5%
2025
highest quarter of the sector
20182025
Debt
€1.4m
▲ 27.8%
2025
20182025
Working capital
-€97,535
2025
lowest quarter of the sector
20182025
Solvency
39.9%
▼ 3.4pp
2025
middle half of the sector
20182025
Current ratio
0.38
▼ 0.87
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.0%
▲ 5.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.2m€0.2m▼ 10.4%
Operating result€0.01m-€0.007m▼ 26.9%€0.004m▼ 46.6%€0.008m▲ 93.0%€0.06m▲ 634%€0.05m▼ 2.1%-€0.004m€0.2m
Net result-€0.05m--€0.01m▲ 69.1%-€0.009mbelow the sector's middle half▲ 38.8%€0.01mwithin the sector's middle half€0.03mwithin the sector's middle half▲ 156%€0.03mwithin the sector's middle half▼ 25.9%-€0.04mbelow the sector's middle half€0.09mabove the sector's middle half
Equity€0.05m-€0.03m▼ 30.5%€0.02mbelow the sector's middle half▼ 26.9%€0.04mbelow the sector's middle half▲ 55.7%€0.07mwithin the sector's middle half▲ 91.4%€0.9mabove the sector's middle half▲ 13×€0.9mabove the sector's middle half▼ 4.3%€1.0mabove the sector's middle half▲ 11.0%
Total assets€1.1m-€1.1m▼ 0.5%€1.1mabove the sector's middle half▲ 0.4%€1.1mabove the sector's middle half=€1.2mabove the sector's middle half▲ 11.4%€1.6mabove the sector's middle half▲ 33.2%€2.0mabove the sector's middle half▲ 23.5%€2.4mabove the sector's middle half▲ 20.5%
Debt€1.0m-€1.0m▲ 0.9%€1.1m▲ 1.1%€1.0m▼ 1.2%€1.1m▲ 8.5%€0.7m▼ 37.5%€1.1m▲ 58.6%€1.4m▲ 27.8%
Working capital-€0.05m--€0.1m▼ 109%-€0.1mbelow the sector's middle half▼ 10.0%-€0.03mbelow the sector's middle half▲ 71.7%€0.09mwithin the sector's middle half€0.4mabove the sector's middle half▲ 314%€0.03mwithin the sector's middle half▼ 92.7%-€0.1mbelow the sector's middle half
Solvency4.4%-3.1%▼ 1.3pp2.2%below the sector's middle half▼ 0.8pp3.5%below the sector's middle half▲ 1.2pp5.9%below the sector's middle half▲ 2.5pp55.9%within the sector's middle half▲ 50.0pp43.4%within the sector's middle half▼ 12.6pp39.9%within the sector's middle half▼ 3.4pp
Current ratio0.11-0.01▼ 0.100.01below the sector's middle half=0.06below the sector's middle half▲ 0.053.33within the sector's middle half▲ 3.2713.64above the sector's middle half▲ 10.311.25within the sector's middle half▼ 12.390.38below the sector's middle half▼ 0.87
Return on assets (ROA)-4.3%--1.3%▲ 3.0pp-0.8%below the sector's middle half▲ 0.5pp1.2%within the sector's middle half▲ 2.1pp2.8%within the sector's middle half▲ 1.6pp1.6%within the sector's middle half▼ 1.3pp-1.9%below the sector's middle half▼ 3.5pp4.0%within the sector's middle half▲ 5.9pp
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 a profit of €152,414, after a loss of €3,652 in 2024. It is the highest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.3m ▲ 26.0%
Current assets
€59,231 ▼ 55.7%
Equity and liabilities €2.4m
Equity
€950,479 ▲ 11.0%
Debt
€1.4m ▲ 27.8%
Debt's share of the balance-sheet total rises from 56.6% to 60.1%. Equity and debt are higher.
Key figures and ratios
ROE
9.9%▲
2024 · -4.5%
Debt ≤ 1 year
€156,766▲
2024 · €107,254
Debt > 1 year
€1.3m▲
2024 · €1.0m
Income taxes
€15,000▲
2024 · -€1,521
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m |
| Carrying value of the mortgaged assets | €992,861 | €992,861 | €1.1m | €1.8m | €2.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €132,900 | €678,204 | €520,842 |
| Financial fixed assets | €365 | - | - | - | - |
| Depreciation and write-downs of the year | €940 | €940 | €940 | €44,165 | €41,130 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €201,000 | €180,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €113,329 | €131,185 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €486 | €940 | €940 | €940 | €44,165 | €41,130 | ▼ 6.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | -€1,800 | - | - | - |
| Other operating charges640/8 | - | - | - | €7,606 | €7,168 | €34,405 | €8,302 | €8,310 | ▲ 0.1% |
| Gross operating margin9900 | €16,934 | €14,360 | €13,890 | €16,077 | €63,374 | €87,671 | €48,815 | €201,854 | ▲ 314% |
| Operating profit (loss)9901 | €9,985 | €7,303 | €3,903 | €7,532 | €55,267 | €54,126 | -€3,652 | €152,414 | - |
| Financial income75/76B | - | - | - | €34,686 | €29,313 | €10,227 | €5,757 | €4,957 | ▼ 13.9% |
| Recurring financial income75 | - | €0 | €100 | €34,686 | €29,313 | €10,227 | €5,757 | €4,957 | ▼ 13.9% |
| Financial charges65/66B | - | - | - | €28,876 | €50,471 | €35,459 | €41,882 | €48,334 | ▲ 15.4% |
| Recurring financial charges65 | €56,597 | €21,721 | €12,837 | €28,876 | €50,471 | €35,459 | €41,882 | €48,334 | ▲ 15.4% |
| Profit (loss) for the period before taxes9903 | -€46,744 | -€14,429 | -€8,835 | €13,341 | €34,108 | €28,894 | -€39,777 | €109,037 | - |
| Income taxes67/77 | €0 | - | - | - | - | €3,612 | -€1,521 | €15,000 | - |
| Profit (loss) for the period9904 | -€46,744 | -€14,429 | -€8,835 | €13,341 | €34,108 | €25,282 | -€38,256 | €94,037 | - |
| Profit (loss) for the period to be appropriated9905 | -€46,744 | -€14,429 | -€8,835 | €13,341 | €34,108 | €25,282 | -€38,256 | €94,037 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.6m | €2.0m | €2.4m | ▲ 20.5% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.8m | €2.3m | ▲ 26.0% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €1.8m | €2.2m | ▲ 27.2% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €2.2m | ▲ 145% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.001m | €454 | - | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.006m | €0.04m | ▲ 671% |
| Assets under construction and advance payments27 | - | - | - | €0.1m | €0.1m | €0.2m | €0.9m | - | - |
| Financial fixed assets28 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Current assets29/58 | €0.007m | €0.001m | €0.001m | €0.002m | €0.1m | €0.4m | €0.1m | €0.06m | ▼ 55.7% |
| Amounts receivable within one year40/41 | - | - | - | - | €0.1m | €0.3m | €0.1m | €0.04m | ▼ 56.2% |
| Trade receivables40 | - | - | - | - | €0.1m | €0.3m | €0.1m | €0.04m | ▼ 58.3% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.003m | €0.003m | ▲ 1.8% |
| Cash at bank and in hand54/58 | €0.007m | €0.001m | €0.001m | €0.002m | €0.004m | €0.06m | €0.03m | €0.01m | ▼ 58.8% |
| Deferred charges and accrued income490/1 | - | - | - | €137 | €0.002m | €0.03m | €0.002m | €0.002m | ▲ 12.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.6m | €2.0m | €2.4m | ▲ 20.5% |
| Equity10/15 | €0.05m | €0.03m | €0.02m | €0.04m | €0.07m | €0.9m | €0.9m | €1.0m | ▲ 11.0% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Other1319 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.08m | -€0.09m | -€0.07m | -€0.04m | -€0.01m | -€0.05m | €0.04m | - |
| Provisions and deferred taxes16 | - | - | €0.002m | €0.002m | €0.002m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.0m | €1.1m | €1.0m | €1.1m | €0.7m | €1.1m | €1.4m | ▲ 27.8% |
| Amounts payable after more than one year17 | €1.0m | €0.9m | €0.9m | €1.0m | €1.1m | €0.7m | €1.0m | €1.3m | ▲ 25.9% |
| Financial debts170/4 | - | - | - | €1.0m | €1.1m | €0.7m | €1.0m | €1.3m | ▲ 25.9% |
| Amounts payable within one year42/48 | €0.06m | €0.1m | €0.1m | €0.04m | €0.04m | €0.03m | €0.1m | €0.2m | ▲ 46.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | - | - | €0.06m | - |
| Trade debts44 | €0.01m | €0.003m | - | - | - | €0.001m | €0.02m | €0.03m | ▲ 86.6% |
| Suppliers440/4 | - | - | - | - | - | €0.001m | €0.02m | €0.03m | ▲ 86.6% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.03m | €0.09m | €0.06m | ▼ 29.0% |
| Taxes450/3 | - | - | - | - | - | €0.03m | €0.09m | €0.06m | ▼ 29.0% |
| Accrued charges and deferred income492/3 | - | - | - | €192 | - | €207 | €391 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,744 | -€14,429 | -€8,835 | €13,341 | €34,108 | €25,282 | -€38,256 | €94,037 | - |
| + Depreciation and write-downs630 | - | - | €486 | €940 | €940 | €940 | €44,165 | €41,130 | ▼ 6.9% |
| Operating cash flow (approximation) | -€46,744 | -€14,429 | -€8,349 | €14,281 | €35,048 | €26,222 | €5,909 | €135,167 | ▲ 23× |
| Investment in fixed assets (approximation) | - | €0 | -€5,085 | -€365 | €0 | -€132,900 | -€678,204 | -€520,842 | ▲ 23.2% |
| Change in cash | - | -€5,748 | €14 | €1,141 | €1,681 | €59,340 | -€31,138 | -€18,745 | ▲ 39.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00380671 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00172767 | |
| 31-12-2023 | micro format | 18-11-2024 | 2024-00601946 | |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00100653 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20115422 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-40500548 | |
| 31-12-2019 | micro format | 06-04-2020 | 2020-08600152 | |
| 31-12-2018 | abbreviated format | 19-03-2019 | 2019-07300509 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-25000354 | |
| 31-12-2016 | abbreviated format | 17-03-2017 | 2017-06700180 |