Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-01-2026 PDF all 7 filings
Equity
€1.3m▲ 48.6%
2024 · €857,331
Net result
€316,489▲ 357%
2024 · €69,329
Total assets
€4.1m▲ 1.3%
2024 · €4.0m
Solvency
31.4%▲ 10.0pp
2024 · 21.4%
In the rankings
#10 company by total assets in Wetteren, Finance and insurance sector#10 company by equity in Wetteren, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€316,605
▲ 299%
2025
20192025
Net result
€316,489
▲ 357%
2025
highest quarter of the sector
20192025
Equity
€1.3m
▲ 48.6%
2025
middle half of the sector
20192025
Total assets
€4.1m
▲ 1.3%
2025
highest quarter of the sector
20192025
Debt
€2.8m
▼ 11.5%
2025
20192025
Working capital
€104,946
2025
middle half of the sector
20192025
Solvency
31.4%
▲ 10.0pp
2025
middle half of the sector
20192025
Current ratio
1.05
▲ 0.12
2025
middle half of the sector
20192025
Return on assets (ROA)
7.8%
▲ 6.1pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.4m-€0.2m▼ 42.1%€0.4m▲ 78.4%€0.2m▼ 43.5%€0.3m▲ 34.3%€0.08m▼ 73.8%€0.3m▲ 299%
Net result€0.3m-€0.2mabove the sector's middle half▼ 36.2%€0.3mabove the sector's middle half▲ 88.7%€0.2mwithin the sector's middle half▼ 47.7%€0.2mabove the sector's middle half▲ 36.0%€0.07mwithin the sector's middle half▼ 67.7%€0.3mabove the sector's middle half▲ 357%
Equity€0.3m-€0.4mwithin the sector's middle half▲ 60.8%€0.7mwithin the sector's middle half▲ 71.4%€0.7mwithin the sector's middle half▼ 9.8%€0.8mwithin the sector's middle half▲ 20.6%€0.9mwithin the sector's middle half▲ 8.8%€1.3mwithin the sector's middle half▲ 48.6%
Total assets€1.4m-€1.2mwithin the sector's middle half▼ 12.3%€1.6mwithin the sector's middle half▲ 36.7%€2.7mwithin the sector's middle half▲ 66.2%€3.1mwithin the sector's middle half▲ 15.8%€4.0mwithin the sector's middle half▲ 27.8%€4.1mabove the sector's middle half▲ 1.3%
Debt€1.1m-€0.8m▼ 29.8%€0.9m▲ 17.6%€2.1m▲ 127%€2.3m▲ 14.3%€3.2m▲ 34.2%€2.8m▼ 11.5%
Working capital€0.7m-€0.3mabove the sector's middle half▼ 54.6%€0.2mwithin the sector's middle half▼ 22.6%-€0.006mwithin the sector's middle half-€0.006mwithin the sector's middle half▼ 3.2%-€0.1mwithin the sector's middle half▼ 2,134%€0.1mwithin the sector's middle half
Solvency19.4%-35.5%within the sector's middle half▲ 16.1pp44.5%within the sector's middle half▲ 9.0pp24.1%below the sector's middle half▼ 20.4pp25.1%within the sector's middle half▲ 1.0pp21.4%below the sector's middle half▼ 3.7pp31.4%within the sector's middle half▲ 10.0pp
Current ratio3.99-1.74within the sector's middle half▼ 2.251.57within the sector's middle half▼ 0.170.99within the sector's middle half▼ 0.581.00within the sector's middle half=0.94within the sector's middle half▼ 0.061.05within the sector's middle half▲ 0.12
Return on assets (ROA)18.4%-13.4%above the sector's middle half▼ 5.0pp18.5%above the sector's middle half▲ 5.1pp5.8%within the sector's middle half▼ 12.7pp6.8%within the sector's middle half▲ 1.0pp1.7%within the sector's middle half▼ 5.1pp7.8%within the sector's middle half▲ 6.1pp
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 4 times that of 2024 and the highest since 2021. It is a recovery after the fall 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 €4.1m
Fixed assets
€2.0m ▼ 1.0%
Current assets
€2.1m ▲ 3.7%
Equity and liabilities €4.1m
Equity
€1.3m ▲ 48.6%
Debt
€2.8m ▼ 11.5%
Debt's share of the balance-sheet total falls from 78.6% to 68.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.8%▲
2024 · 8.1%
Debt ≤ 1 year
€1.9m▼
2024 · €2.1m
Debt > 1 year
€838,375▼
2024 · €1.0m
Income taxes
€92,494▲
2024 · €30,432
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €1.1m | €598,961 | €1.3m | €909,550 |
| Debts guaranteed by Belgian public bodies | €600,905 | €516,961 | €424,672 | - |
| Mortgages, amount registered | €2.3m | €55,000 | €82,500 | €55,000 |
| Mortgage mandates | - | €2.4m | €2.8m | €2.8m |
| Carrying value of the mortgaged assets | €548,012 | €548,779 | €970,989 | €755,012 |
| Pledge on other assets, amount secured | €684,000 | €752,400 | €752,400 | €752,400 |
| Carrying value of the other pledged assets | €684,000 | €684,000 | €684,000 | €684,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €48,169 | €27,260 | €475,659 | €148,930 |
| Financial fixed assets | €684,000 | - | €20,000 | €70,000 |
| Depreciation and write-downs of the year | €40,706 | €43,126 | €54,682 | €56,352 |
Source: notes to the 2022 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 | €65,822 | €29,736 | €50,087 | €40,706 | €43,126 | €54,682 | €56,352 | ▲ 3.1% |
| Other operating charges640/8 | - | - | - | €3,329 | €2,001 | €23,395 | €5,476 | ▼ 76.6% |
| Gross operating margin9900 | €463,643 | €258,556 | €458,400 | €269,735 | €348,269 | €157,396 | €378,432 | ▲ 140% |
| Operating profit (loss)9901 | €387,051 | €223,950 | €399,537 | €225,700 | €303,142 | €79,320 | €316,605 | ▲ 299% |
| Financial income75/76B | - | - | - | €22,479 | €40,338 | €74,331 | €153,623 | ▲ 107% |
| Recurring financial income75 | €4,600 | €4,577 | €7,442 | €22,479 | €40,338 | €74,331 | €153,623 | ▲ 107% |
| Financial charges65/66B | - | - | - | €30,029 | €36,613 | €53,890 | €61,245 | ▲ 13.6% |
| Recurring financial charges65 | €3,982 | €12,554 | €9,872 | €30,029 | €36,613 | €53,890 | €61,245 | ▲ 13.6% |
| Profit (loss) for the period before taxes9903 | €387,669 | €215,974 | €397,107 | €218,150 | €306,867 | €99,761 | €408,982 | ▲ 310% |
| Income taxes67/77 | €136,991 | €56,066 | €95,286 | €60,350 | €92,327 | €30,432 | €92,494 | ▲ 204% |
| Profit (loss) for the period9904 | €250,678 | €159,907 | €301,821 | €157,800 | €214,540 | €69,329 | €316,489 | ▲ 357% |
| Profit (loss) for the period to be appropriated9905 | €250,678 | €159,907 | €301,821 | €157,800 | €214,540 | €69,329 | €316,489 | ▲ 357% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.2m | €1.6m | €2.7m | €3.1m | €4.0m | €4.1m | ▲ 1.3% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.9m | €1.6m | €1.6m | €2.0m | €2.0m | ▼ 1.0% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | €1.0m | €0.9m | ▼ 9.3% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €1.0m | €0.8m | ▼ 22.2% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.004m | €0.1m | ▲ 35× |
| Financial fixed assets28 | €0.04m | €0.08m | €0.4m | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 6.6% |
| Current assets29/58 | €0.9m | €0.8m | €0.7m | €1.1m | €1.5m | €2.0m | €2.1m | ▲ 3.7% |
| Stocks and contracts in progress3 | €0.7m | €0.3m | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.6m | €1.1m | €1.5m | €2.0m | €2.0m | ▲ 3.9% |
| Trade receivables40 | - | - | - | €0.004m | €0.07m | €0.07m | €0.06m | ▼ 9.6% |
| Other amounts receivable41 | - | - | - | €1.0m | €1.4m | €1.9m | €2.0m | ▲ 4.4% |
| Cash at bank and in hand54/58 | €0.04m | €0.1m | €0.07m | €0.01m | €0.02m | €0.007m | €0.003m | ▼ 58.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.007m | ▲ 8.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.2m | €1.6m | €2.7m | €3.1m | €4.0m | €4.1m | ▲ 1.3% |
| Equity10/15 | €0.3m | €0.4m | €0.7m | €0.7m | €0.8m | €0.9m | €1.3m | ▲ 48.6% |
| Contributions10/11 | €0.01m | - | - | €0.02m | €0.02m | €0.02m | €0.1m | ▲ 539% |
| Reserves13 | €0.3m | €0.4m | €0.7m | €0.6m | €0.8m | €0.8m | €1.2m | ▲ 37.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.6m | €0.8m | €0.8m | €1.2m | ▲ 37.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €1.1m | €0.8m | €0.9m | €2.1m | €2.3m | €3.2m | €2.8m | ▼ 11.5% |
| Amounts payable after more than one year17 | €0.9m | €0.3m | €0.5m | €1.0m | €0.8m | €1.0m | €0.8m | ▼ 19.0% |
| Financial debts170/4 | - | - | - | €1.0m | €0.8m | €1.0m | €0.8m | ▼ 19.0% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.4m | €1.1m | €1.5m | €2.1m | €1.9m | ▼ 8.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.0% |
| Financial debts43 | - | - | - | €0.05m | €0.08m | €0.04m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.08m | €0.04m | €0 | ▼ 100% |
| Trade debts44 | €0.07m | €0.02m | €0.04m | €0.006m | €0.01m | €0.005m | €0.02m | ▲ 286% |
| Suppliers440/4 | - | - | - | €0.006m | €0.01m | €0.005m | €0.02m | ▲ 286% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.006m | €0.1m | ▲ 18× |
| Taxes450/3 | - | - | - | €0.05m | €0.06m | €0.006m | €0.1m | ▲ 18× |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €1.2m | €1.9m | €1.6m | ▼ 14.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.003m | €0.001m | €0.002m | ▲ 210% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,678 | €159,907 | €301,821 | €157,800 | €214,540 | €69,329 | €316,489 | ▲ 357% |
| + Depreciation and write-downs630 | €65,822 | €29,736 | €50,087 | €40,706 | €43,126 | €54,682 | €56,352 | ▲ 3.1% |
| Operating cash flow (approximation) | €316,501 | €189,643 | €351,908 | €198,506 | €257,667 | €124,010 | €372,840 | ▲ 201% |
| Investment in fixed assets (approximation) | - | -€52,589 | -€559,905 | -€732,169 | -€27,260 | -€463,318 | -€35,463 | ▲ 92.3% |
| Change in cash | - | €94,981 | -€61,603 | -€57,756 | €2,979 | -€9,576 | -€4,070 | ▲ 57.5% |
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 |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00028311 | |
| 30-06-2024 | abbreviated format | 29-01-2025 | 2025-00021179 | |
| 30-06-2023 | abbreviated format | 15-01-2024 | 2024-00002355 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00017164 | |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-03200102 | |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-03400566 | |
| 30-06-2019 | abbreviated format | 07-01-2020 | 2020-00400433 |