Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 15 filings
Turnover
€151,200▲ 20.0%
2020 · €126,000
EBIT margin
27.6%▼ 6.8pp
2020 · 34.5%
Net result
€195,550▼ 8.6%
2024 · €214,025
Working capital
-€679,512▲ 18.5%
2024 · -€834,267
In the rankings
#3 company by total assets in Holsbeek, Professional and technical services sector#5 company by equity in Holsbeek, Professional and technical services sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€12,597
▲ 14×
2025
20192025
Net result
€195,550
▼ 8.6%
2025
highest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€1.6m
▲ 14.1%
2025
highest quarter of the sector
20192025
Total assets
€2.5m
▼ 0.3%
2025
highest quarter of the sector
20192025
Debt
€950,671
▼ 17.5%
2025
20192025
Working capital
-€679,512
▲ 18.5%
2025
lowest quarter of the sector
20192025
Solvency
62.5%
▲ 7.9pp
2025
middle half of the sector
20192025
Current ratio
0.25
▲ 0.03
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
7.7%
▼ 0.7pp
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
Turnover€0.1m€0.2m▲ 20.0%
Operating result€0.1m-€0.04m▼ 58.9%€0.04m▼ 3.8%-€0.03m€0.005m€0.001m▼ 81.7%€0.01m▲ 14×
Net result€0.07m-€0.05mwithin the sector's middle half▼ 23.0%-€0.2mbelow the sector's middle half-€1.0mbelow the sector's middle half▼ 322%€374below the sector's middle half€0.2mabove the sector's middle half▲ 572×€0.2mabove the sector's middle half▼ 8.6%
EBIT margin34.5%27.6%▼ 6.8pp
Equity€2.4m-€2.4mwithin the sector's middle half▲ 2.2%€2.2mwithin the sector's middle half▼ 9.9%€1.2mwithin the sector's middle half▼ 46.2%€1.2mabove the sector's middle half=€1.4mabove the sector's middle half▲ 18.2%€1.6mabove the sector's middle half▲ 14.1%
Total assets€3.6m-€3.6mwithin the sector's middle half▲ 1.9%€3.3mwithin the sector's middle half▼ 7.5%€2.4mwithin the sector's middle half▼ 29.0%€2.5mabove the sector's middle half▲ 7.1%€2.5mabove the sector's middle half▼ 0.1%€2.5mabove the sector's middle half▼ 0.3%
Debt€1.2m-€1.2m▲ 1.2%€1.2m▼ 2.8%€1.2m▲ 3.2%€1.4m▲ 13.9%€1.2m▼ 15.8%€1.0m▼ 17.5%
Working capital-€0.4m--€0.6mbelow the sector's middle half▼ 45.4%-€0.6mbelow the sector's middle half▲ 2.7%-€1.1mbelow the sector's middle half▼ 101%-€1.0mbelow the sector's middle half▲ 10.9%-€0.8mbelow the sector's middle half▲ 17.3%-€0.7mbelow the sector's middle half▲ 18.5%
Solvency66.7%-66.9%within the sector's middle half▲ 0.2pp65.2%within the sector's middle half▼ 1.7pp49.4%within the sector's middle half▼ 15.8pp46.1%within the sector's middle half▼ 3.2pp54.6%within the sector's middle half▲ 8.5pp62.5%within the sector's middle half▲ 7.9pp
Current ratio0.22-0.13below the sector's middle half▼ 0.090.12below the sector's middle half▼ 0.010.06below the sector's middle half▼ 0.070.19below the sector's middle half▲ 0.130.22below the sector's middle half▲ 0.030.25below the sector's middle half▲ 0.03
Return on assets (ROA)1.9%-1.4%within the sector's middle half▼ 0.5pp-7.2%below the sector's middle half▼ 8.6pp-42.5%below the sector's middle half▼ 35.3pp0.0%below the sector's middle half▲ 42.5pp8.4%within the sector's middle half▲ 8.4pp7.7%within the sector's middle half▼ 0.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 over 14 times that of 2024. It is a recovery after the fall in 2024.
Large changes and their cause
- 2022 Net result -322% on 2021. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.3m =
Current assets
€229,538 ▼ 2.8%
Equity and liabilities €2.5m
Equity
€1.6m ▲ 14.1%
Debt
€950,671 ▼ 17.5%
Debt's share of the balance-sheet total falls from 45.4% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.4%▼
2024 · 15.4%
Debt ≤ 1 year
€909,049▼
2024 · €1.1m
Debt > 1 year
€41,622▼
2024 · €82,417
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €0.1m | €0.2m | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.01m | €0.01m | €383 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 14.5% |
| Gross operating margin9900 | €0.1m | - | - | -€0.02m | €0.006m | €0.002m | €0.01m | ▲ 572% |
| Operating profit (loss)9901 | €0.1m | €0.04m | €0.04m | -€0.03m | €0.005m | €0.001m | €0.01m | ▲ 14× |
| Financial income75/76B | - | - | - | €0.004m | - | €0.2m | €0.2m | ▼ 14.3% |
| Recurring financial income75 | €0.002m | €0.04m | €0.001m | €0.004m | - | €0.2m | €0.2m | ▼ 13.5% |
| Non-recurring financial income76B | - | - | - | - | - | €0.002m | - | - |
| Financial charges65/66B | - | - | - | €1.0m | €0.004m | €0.004m | €0.003m | ▼ 21.3% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.03m | €0.03m | €0.004m | €0.004m | €0.003m | ▼ 21.3% |
| Debt charges650 | - | €0.02m | €0.03m | - | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | €1.0m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.06m | -€0.2m | -€1.0m | €374 | €0.2m | €0.2m | ▼ 8.6% |
| Income taxes67/77 | €0.02m | €0.009m | €0.004m | - | - | - | - | - |
| Profit (loss) for the period9904 | €0.07m | €0.05m | -€0.2m | -€1.0m | €374 | €0.2m | €0.2m | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €0.07m | €0.05m | -€0.2m | -€1.0m | €374 | €0.2m | €0.2m | ▼ 8.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.6m | €3.6m | €3.3m | €2.4m | €2.5m | €2.5m | €2.5m | ▼ 0.3% |
| Fixed assets21/28 | €3.4m | €3.5m | €3.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Tangible fixed assets22/27 | €0.04m | €0.03m | €0.01m | €383 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €383 | - | - | - | - |
| Financial fixed assets28 | €3.4m | €3.5m | €3.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €0.1m | €0.09m | €0.08m | €0.07m | €0.2m | €0.2m | €0.2m | ▼ 2.8% |
| Stocks and contracts in progress3 | - | €0 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.07m | €0.07m | €0.06m | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Cash at bank and in hand54/58 | €0.008m | €0.01m | €0.006m | €0.009m | €0.01m | €0.008m | €0.009m | ▲ 14.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €400 | €400 | €400 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.6m | €3.6m | €3.3m | €2.4m | €2.5m | €2.5m | €2.5m | ▼ 0.3% |
| Equity10/15 | €2.4m | €2.4m | €2.2m | €1.2m | €1.2m | €1.4m | €1.6m | ▲ 14.1% |
| Contributions10/11 | €1.0m | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves not available under the articles1311 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | €0.04m | €0.1m | -€0.1m | -€1.2m | -€1.2m | -€0.9m | -€0.7m | ▲ 20.9% |
| Amounts payable17/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.4m | €1.2m | €1.0m | ▼ 17.5% |
| Amounts payable after more than one year17 | €0.7m | €0.5m | €0.5m | - | €0.1m | €0.08m | €0.04m | ▼ 49.5% |
| Financial debts170/4 | - | - | - | - | €0.1m | €0.08m | €0.04m | ▼ 49.5% |
| Amounts payable within one year42/48 | €0.5m | €0.7m | €0.6m | €1.2m | €1.2m | €1.1m | €0.9m | ▼ 15.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.005m | €0.04m | €0.04m | €0.04m | ▲ 2.0% |
| Trade debts44 | €0.006m | €0.009m | €0.01m | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 51.1% |
| Suppliers440/4 | - | - | - | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 51.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.01m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.005m | €0.005m | €0.005m | ▲ 6.3% |
| Taxes450/3 | - | - | - | €0.004m | €0.005m | €0.005m | €0.005m | ▲ 6.3% |
| Other amounts payable47/48 | - | - | - | €1.2m | €1.2m | €1.0m | €0.8m | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | - | - | €300 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.07m | €0.05m | -€0.2m | -€1.0m | €374 | €0.2m | €0.2m | ▼ 8.6% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.01m | €0.01m | €383 | - | - | - |
| Operating cash flow (approximation) | €0.08m | €0.06m | -€0.2m | -€1.0m | €0.001m | €0.2m | €0.2m | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | -€0.1m | €0.3m | €1.0m | €0 | €0 | €0 | - |
| Change in cash | - | €0.006m | -€0.008m | €0.003m | €0.002m | -€0.003m | €0.001m | - |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00022175 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00018689 | |
| 30-06-2023 | micro format | 20-02-2024 | 2024-00031854 | |
| 30-06-2022 | abbreviated format | 28-02-2023 | 2023-00032451 | |
| 30-06-2021 | full format | 03-01-2022 | 2022-00200339 | |
| 30-06-2020 | full format | 29-01-2021 | 2021-04600133 | |
| 30-06-2019 | abbreviated format | 24-01-2020 | 2020-02300312 | |
| 30-06-2018 | abbreviated format | 20-12-2018 | 2018-75400283 | |
| 30-06-2017 | abbreviated format | 08-01-2018 | 2018-00700540 | |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71700036 |