Alycon
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 5 filings
Turnover
≈ €400,000
Estimated: probably between €200,000 and €700,000
Total assets
€92,322▲ 27.4%
2024 · €72,494
Net result
€56,117▲ 146%
2024 · €22,792
Working capital
€8,490▼ 84.8%
2024 · €55,745
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€72,024
▲ 139%
2025
20212025
Net result
€56,117
▲ 146%
2025
highest quarter of the sector
20212025
Equity
€11,408
▼ 81.1%
2025
middle half of the sector
20212025
Total assets
€92,322
▲ 27.4%
2025
middle half of the sector
20212025
Debt
€80,914
▲ 563%
2025
20212025
Working capital
€8,490
▼ 84.8%
2025
middle half of the sector
20212025
Solvency
12.4%
▼ 70.8pp
2025
middle half of the sector
20212025
Current ratio
1.10
▼ 4.46
2025
middle half of the sector
20212025
Return on assets (ROA)
60.8%
▲ 29.3pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,224-€19,441▲ 27.7%€14,066▼ 27.6%€30,080▲ 114%€72,024▲ 139%
Net result€9,750within the sector's middle half-€14,968within the sector's middle half▲ 53.5%€9,781within the sector's middle half▼ 34.7%€22,792within the sector's middle half▲ 133%€56,117above the sector's middle half▲ 146%
Equity€12,750within the sector's middle half-€27,718within the sector's middle half▲ 117%€37,499within the sector's middle half▲ 35.3%€60,291within the sector's middle half▲ 60.8%€11,408within the sector's middle half▼ 81.1%
Total assets€43,746below the sector's middle half-€49,107below the sector's middle half▲ 12.3%€58,401below the sector's middle half▲ 18.9%€72,494within the sector's middle half▲ 24.1%€92,322within the sector's middle half▲ 27.4%
Debt€30,996-€21,388▼ 31.0%€20,902▼ 2.3%€12,203▼ 41.6%€80,914▲ 563%
Working capital€12,750within the sector's middle half-€20,490within the sector's middle half▲ 60.7%€31,712within the sector's middle half▲ 54.8%€55,745within the sector's middle half▲ 75.8%€8,490within the sector's middle half▼ 84.8%
Solvency29.1%within the sector's middle half-56.4%within the sector's middle half▲ 27.3pp64.2%within the sector's middle half▲ 7.8pp83.2%above the sector's middle half▲ 19.0pp12.4%within the sector's middle half▼ 70.8pp
Current ratio1.41within the sector's middle half-1.96within the sector's middle half▲ 0.552.53within the sector's middle half▲ 0.575.57above the sector's middle half▲ 3.041.10within the sector's middle half▼ 4.46
Return on assets (ROA)22.3%above the sector's middle half-30.5%above the sector's middle half▲ 8.2pp16.7%above the sector's middle half▼ 13.7pp31.4%above the sector's middle half▲ 14.7pp60.8%above the sector's middle half▲ 29.3pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 139% higher than in 2024 and the highest since 2021. 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 €92,322
Fixed assets
€2,918 ▼ 35.8%
Current assets
€89,404 ▲ 31.6%
Equity and liabilities €92,322
Equity
€11,408 ▼ 81.1%
Debt
€80,914 ▲ 563%
Debt's share of the balance-sheet total rises from 16.8% to 87.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74,807▲
2024 · €32,764
Cash flow
€58,901▲
2024 · €25,476
Debt to equity
7.09▲
2024 · 0.20
ROE
491.9%▲
2024 · 37.8%
Interest coverage
over 100▲
2024 · 75.13
Debt ≤ 1 year
€80,914▲
2024 · €12,203
Income taxes
€15,674▲
2024 · €6,852
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €7,621 | €991 | €1,300 | €1,155 |
| Depreciation and write-downs of the year | - | €392 | €2,288 | €2,684 | €2,784 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €392 | €2,288 | €2,684 | €2,784 | ▲ 3.7% |
| Other operating charges640/8 | €855 | €569 | €619 | €638 | €786 | ▲ 23.3% |
| Gross operating margin9900 | €16,079 | €20,402 | €16,973 | €33,402 | €75,594 | ▲ 126% |
| Operating profit (loss)9901 | €15,224 | €19,441 | €14,066 | €30,080 | €72,024 | ▲ 139% |
| Financial income75/76B | - | €29 | - | - | €1 | - |
| Recurring financial income75 | - | €29 | - | - | €1 | - |
| Financial charges65/66B | €372 | €388 | €338 | €436 | €234 | ▼ 46.3% |
| Recurring financial charges65 | €372 | €388 | €338 | €436 | €234 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | €14,852 | €19,081 | €13,728 | €29,644 | €71,791 | ▲ 142% |
| Income taxes67/77 | €5,102 | €4,112 | €3,947 | €6,852 | €15,674 | ▲ 129% |
| Profit (loss) for the period9904 | €9,750 | €14,968 | €9,781 | €22,792 | €56,117 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €9,750 | €14,968 | €9,781 | €22,792 | €56,117 | ▲ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,746 | €49,107 | €58,401 | €72,494 | €92,322 | ▲ 27.4% |
| Fixed assets21/28 | - | €7,228 | €5,931 | €4,546 | €2,918 | ▼ 35.8% |
| Tangible fixed assets22/27 | - | €7,228 | €5,931 | €4,546 | €2,918 | ▼ 35.8% |
| Furniture and vehicles24 | - | €5,594 | €4,471 | €3,262 | €1,809 | ▼ 44.5% |
| Other tangible fixed assets26 | - | €1,635 | €1,459 | €1,284 | €1,109 | ▼ 13.7% |
| Current assets29/58 | €43,746 | €41,878 | €52,470 | €67,948 | €89,404 | ▲ 31.6% |
| Amounts receivable within one year40/41 | €33,418 | €30,578 | €16,363 | €26,414 | €32,527 | ▲ 23.1% |
| Trade receivables40 | €32,115 | €27,755 | €13,311 | €26,414 | €32,527 | ▲ 23.1% |
| Other amounts receivable41 | €1,303 | €2,824 | €3,052 | - | - | - |
| Cash at bank and in hand54/58 | €8,217 | €8,675 | €33,006 | €40,348 | €53,651 | ▲ 33.0% |
| Deferred charges and accrued income490/1 | €2,111 | €2,625 | €3,101 | €1,186 | €3,227 | ▲ 172% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,746 | €49,107 | €58,401 | €72,494 | €92,322 | ▲ 27.4% |
| Equity10/15 | €12,750 | €27,718 | €37,499 | €60,291 | €11,408 | ▼ 81.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €9,750 | €24,718 | €34,499 | €57,291 | €8,408 | ▼ 85.3% |
| Amounts payable17/49 | €30,996 | €21,388 | €20,902 | €12,203 | €80,914 | ▲ 563% |
| Amounts payable within one year42/48 | €30,996 | €21,388 | €20,758 | €12,203 | €80,914 | ▲ 563% |
| Trade debts44 | €3,283 | €1,726 | €1,177 | €314 | €15,699 | ▲ 50× |
| Suppliers440/4 | €3,283 | €1,726 | €1,177 | €314 | €15,699 | ▲ 50× |
| Taxes, remuneration and social security45 | €12,021 | €9,967 | €10,837 | €11,082 | €13,748 | ▲ 24.1% |
| Taxes450/3 | €12,021 | €9,967 | €10,837 | €11,082 | €13,748 | ▲ 24.1% |
| Other amounts payable47/48 | €15,693 | €9,695 | €8,744 | €808 | €51,468 | ▲ 64× |
| Accrued charges and deferred income492/3 | - | - | €143 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,750 | €14,968 | €9,781 | €22,792 | €56,117 | ▲ 146% |
| + Depreciation and write-downs630 | - | €392 | €2,288 | €2,684 | €2,784 | ▲ 3.7% |
| Operating cash flow (approximation) | €9,750 | €15,361 | €12,069 | €25,476 | €58,901 | ▲ 131% |
| Investment in fixed assets (approximation) | - | - | -€991 | -€1,300 | -€1,155 | ▲ 11.1% |
| Change in cash | - | €458 | €24,331 | €7,342 | €13,303 | ▲ 81.2% |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00159040 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00403739 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00391739 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00423396 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20416534 |