Financials · financial year 2025, full format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 7 filings
Turnover
≈ €200,000
Estimated: probably between €160,000 and €280,000
EBIT margin
Not included in this filing
Net result
€595,846▼ 9.2%
2024 · €656,489
Working capital
-€659,928▲ 20.8%
2024 · -€833,578
In the rankings
#3 company by total assets in Brecht, Administrative and support services sector#3 company by equity in Brecht, Administrative and support services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€94,761
▲ 252%
2025
20192025
Net result
€595,846
▼ 9.2%
2025
highest quarter of the sector
20192025
Equity
€2.6m
▲ 28.7%
2025
middle half of the sector
20192025
Total assets
€9.5m
▲ 6.5%
2025
middle half of the sector
20192025
Debt
€6.9m
=
2025
20192025
Working capital
-€659,928
▲ 20.8%
2025
lowest quarter of the sector
20192025
Solvency
27.5%
▲ 4.7pp
2025
middle half of the sector
20192025
Current ratio
0.56
▲ 0.33
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
6.3%
▼ 1.1pp
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€0.03m-€0.03m▼ 7.1%€0.1m▲ 288%€0.1m▼ 5.8%€0.3m▲ 240%€0.03m▼ 92.0%€0.09m▲ 252%
Net result€0.02m-€0.02mwithin the sector's middle half▼ 13.7%€0.07mwithin the sector's middle half▲ 298%€0.02mwithin the sector's middle half▼ 72.8%€1.1mabove the sector's middle half▲ 54×€0.7mabove the sector's middle half▼ 38.8%€0.6mabove the sector's middle half▼ 9.2%
Equity€0.08m-€0.1mwithin the sector's middle half▲ 22.0%€0.2mwithin the sector's middle half▲ 71.7%€0.3mwithin the sector's middle half▲ 68.7%€1.4mabove the sector's middle half▲ 365%€2.0mabove the sector's middle half▲ 48.0%€2.6mwithin the sector's middle half▲ 28.7%
Total assets€0.1m-€0.5mwithin the sector's middle half▲ 303%€0.7mwithin the sector's middle half▲ 59.7%€8.2mabove the sector's middle half▲ 11×€8.7mabove the sector's middle half▲ 6.0%€8.9mabove the sector's middle half▲ 2.3%€9.5mwithin the sector's middle half▲ 6.5%
Debt€0.03m-€0.4m▲ 11×€0.6m▲ 56.3%€7.9m▲ 14×€7.3m▼ 7.3%€6.9m▼ 6.2%€6.9m=
Working capital€0.08m-€0.08mwithin the sector's middle half▼ 1.4%€0.1mwithin the sector's middle half▲ 51.1%-€0.6mbelow the sector's middle half-€0.3mbelow the sector's middle half▲ 50.8%-€0.8mbelow the sector's middle half▼ 207%-€0.7mbelow the sector's middle half▲ 20.8%
Solvency72.6%-22.0%within the sector's middle half▼ 50.7pp23.6%within the sector's middle half▲ 1.7pp3.6%below the sector's middle half▼ 20.1pp15.7%below the sector's middle half▲ 12.1pp22.7%within the sector's middle half▲ 7.0pp27.5%within the sector's middle half▲ 4.7pp
Current ratio3.65-2.36within the sector's middle half▼ 1.292.58within the sector's middle half▲ 0.220.44below the sector's middle half▼ 2.150.73within the sector's middle half▲ 0.290.22below the sector's middle half▼ 0.510.56below the sector's middle half▲ 0.33
Return on assets (ROA)18.5%-4.0%within the sector's middle half▼ 14.6pp9.9%within the sector's middle half▲ 5.9pp0.2%within the sector's middle half▼ 9.6pp12.3%within the sector's middle half▲ 12.1pp7.4%within the sector's middle half▼ 5.0pp6.3%within the sector's middle half▼ 1.1pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 3.5 times that of 2024. It is a recovery after the fall in 2024.
Large changes and their cause
- 2022 Equity +69% on 2021. Capital increase of €300,000 (Official Gazette 06-10-2022).
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.5m
Fixed assets
€8.7m ▼ 0.1%
Current assets
€826,210 ▲ 249%
Equity and liabilities €9.5m
Equity
€2.6m ▲ 28.7%
Debt
€6.9m =
Debt's share of the balance-sheet total falls from 77.3% to 72.5%. Equity is higher.
Key figures and ratios
ROE
22.9%▼
2024 · 32.4%
Debt ≤ 1 year
€1.5m▲
2024 · €1.1m
Debt > 1 year
€5.4m▼
2024 · €5.8m
Income taxes
€80▼
2024 · €146
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 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €505,350 | €496,488 | €636,917 | €662,306 | €607,881 |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | €295,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €528,862 | €624,138 | €820,953 | €965,470 | €951,207 |
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 | €238,726 | €217,199 | €199,098 | €1.2m | €25,572 |
| Financial fixed assets | €300 | €7.0m | - | - | - |
| Depreciation and write-downs of the year | €23,538 | €16,336 | €3,531 | €169,286 | €33,909 |
Source: notes to the 2021 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 | - | €0.03m | €0.02m | €0.02m | €0.004m | €0.2m | €0.03m | ▼ 80.0% |
| Other operating charges640/8 | - | - | €0.001m | €0.002m | €0.002m | €0.004m | €0.007m | ▲ 112% |
| Gross operating margin9900 | €0.03m | €0.06m | €0.1m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 31.8% |
| Operating profit (loss)9901 | €0.03m | €0.03m | €0.1m | €0.1m | €0.3m | €0.03m | €0.09m | ▲ 252% |
| Financial income75/76B | - | - | €0 | - | €0.9m | €0.7m | €0.6m | ▼ 12.4% |
| Recurring financial income75 | - | - | €0 | - | €0.9m | €0.7m | €0.6m | ▼ 12.4% |
| Financial charges65/66B | - | - | €0.003m | €0.07m | €0.1m | €0.1m | €0.1m | ▲ 40.2% |
| Recurring financial charges65 | €4 | €430 | €0.003m | €0.07m | €0.1m | €0.1m | €0.1m | ▲ 40.2% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.03m | €0.1m | €0.03m | €1.1m | €0.7m | €0.6m | ▼ 9.2% |
| Income taxes67/77 | €0.008m | €0.008m | €0.03m | €0.01m | €0.06m | €146 | €80 | ▼ 45.2% |
| Profit (loss) for the period9904 | €0.02m | €0.02m | €0.07m | €0.02m | €1.1m | €0.7m | €0.6m | ▼ 9.2% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | €0.07m | €0.02m | €1.1m | €0.7m | €0.6m | ▼ 9.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.1m | €0.5m | €0.7m | €8.2m | €8.7m | €8.9m | €9.5m | ▲ 6.5% |
| Fixed assets21/28 | - | €0.3m | €0.5m | €7.8m | €8.0m | €8.7m | €8.7m | ▼ 0.1% |
| Tangible fixed assets22/27 | - | €0.3m | €0.5m | €0.7m | €0.9m | €1.6m | €1.6m | ▼ 0.5% |
| Land and buildings22 | - | - | €0.5m | €0.6m | €0.6m | €1.6m | €1.6m | ▼ 1.7% |
| Plant, machinery and equipment23 | - | - | €0.004m | €0.003m | €0.003m | €0.002m | €0.005m | ▲ 89.9% |
| Furniture and vehicles24 | - | - | €0.002m | €0.002m | €0.001m | €0.001m | €0.02m | ▲ 25× |
| Assets under construction and advance payments27 | - | - | - | €0.09m | €0.3m | - | - | - |
| Financial fixed assets28 | - | - | €300 | €7.0m | €7.0m | €7.0m | €7.0m | = |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.4m | €0.7m | €0.2m | €0.8m | ▲ 249% |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | €0.02m | €0.008m | €0.04m | €0.05m | €0.03m | ▼ 33.2% |
| Trade receivables40 | - | - | €0.02m | €0.008m | €0.02m | €0.03m | €0.03m | ▲ 0.1% |
| Other amounts receivable41 | - | - | €0.001m | €7 | €0.02m | €0.02m | €0.005m | ▼ 76.1% |
| Current investments50/53 | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.7m | ▲ 13× |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.4m | €0.6m | €0.1m | €0.1m | ▼ 6.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.002m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.1m | €0.5m | €0.7m | €8.2m | €8.7m | €8.9m | €9.5m | ▲ 6.5% |
| Equity10/15 | €0.08m | €0.1m | €0.2m | €0.3m | €1.4m | €2.0m | €2.6m | ▲ 28.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | €0.06m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | €0.06m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Uncalled capital101 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.04m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 9.5% |
| Non-distributable reserves130/1 | - | - | €0.006m | €0.007m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | €0.006m | €0.007m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 12.4% |
| Profit (loss) carried forward14 | €0.006m | €0.003m | €0.004m | €0.004m | €1.0m | €1.7m | €2.3m | ▲ 35.0% |
| Amounts payable17/49 | €0.03m | €0.4m | €0.6m | €7.9m | €7.3m | €6.9m | €6.9m | = |
| Amounts payable after more than one year17 | - | €0.3m | €0.5m | €6.9m | €6.3m | €5.8m | €5.4m | ▼ 7.1% |
| Financial debts170/4 | - | - | €0.5m | €6.9m | €6.3m | €5.8m | €5.4m | ▼ 7.1% |
| Amounts payable within one year42/48 | €0.03m | €0.06m | €0.08m | €1.0m | €1.0m | €1.1m | €1.5m | ▲ 38.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0.02m | €0.7m | €0.7m | €0.8m | €0.8m | ▲ 1.2% |
| Trade debts44 | €0.004m | €0.01m | €0.003m | €0.009m | €0.04m | €0.05m | €0.009m | ▼ 80.8% |
| Suppliers440/4 | - | - | €0.003m | €0.009m | €0.04m | €0.05m | €0.009m | ▼ 80.8% |
| Taxes, remuneration and social security45 | - | - | €0.05m | €0.05m | €0.02m | €0.05m | €0.04m | ▼ 27.6% |
| Taxes450/3 | - | - | €0.05m | €0.04m | €0.02m | €0.05m | €0.03m | ▼ 29.5% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.006m | €0.006m | €0.005m | ▼ 11.9% |
| Other amounts payable47/48 | - | - | €0.002m | €0.2m | €0.2m | €0.2m | €0.7m | ▲ 210% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.05m | €0.05m | €0.04m | ▼ 11.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.02m | €0.07m | €0.02m | €1.1m | €0.7m | €0.6m | ▼ 9.2% |
| + Depreciation and write-downs630 | - | €0.03m | €0.02m | €0.02m | €0.004m | €0.2m | €0.03m | ▼ 80.0% |
| Operating cash flow (approximation) | €0.02m | €0.05m | €0.1m | €0.04m | €1.1m | €0.8m | €0.6m | ▼ 23.7% |
| Investment in fixed assets (approximation) | - | - | -€0.2m | -€7.3m | -€0.2m | -€0.9m | -€0.03m | ▲ 97.0% |
| Change in cash | - | €0.02m | €0.007m | €0.2m | €0.3m | -€0.5m | -€0.009m | ▲ 98.2% |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00366624 | |
| 31-12-2024 | abbreviated format | 31-08-2025 | 2025-00455847 | |
| 31-12-2023 | abbreviated format | 28-07-2024 | 2024-00293581 | |
| 31-12-2022 | abbreviated format | 21-07-2023 | 2023-00258338 | |
| 31-12-2021 | abbreviated format | 31-07-2022 | 2022-20266264 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-60400347 | |
| 31-12-2019 | abbreviated format | 27-11-2020 | 2020-72800275 |