Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 6 filings
Equity
€92,938▲ 3.3%
2024 · €90,000
Net result
€107,938▼ 9.8%
2024 · €119,674
Total assets
€132,432▼ 17.4%
2024 · €160,335
Solvency
70.2%▲ 14.0pp
2024 · 56.1%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€135,615
▼ 6.7%
2025
20202025
Net result
€107,938
▼ 9.8%
2025
highest quarter of the sector
20202025
Equity
€92,938
▲ 3.3%
2025
middle half of the sector
20202025
Total assets
€132,432
▼ 17.4%
2025
middle half of the sector
20202025
Debt
€39,493
▼ 43.8%
2025
20202025
Working capital
€90,746
▲ 7.3%
2025
middle half of the sector
20202025
Solvency
70.2%
▲ 14.0pp
2025
middle half of the sector
20202025
Current ratio
3.30
▲ 1.09
2025
middle half of the sector
20202025
Return on assets (ROA)
81.5%
▲ 6.9pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€87,592-€109,027▲ 24.5%€118,883▲ 9.0%€146,531▲ 23.3%€145,310▼ 0.8%€135,615▼ 6.7%
Net result€69,134above the sector's middle half-€85,556above the sector's middle half▲ 23.8%€92,282above the sector's middle half▲ 7.9%€108,845above the sector's middle half▲ 17.9%€119,674above the sector's middle half▲ 9.9%€107,938above the sector's middle half▼ 9.8%
Equity€74,134within the sector's middle half-€159,690within the sector's middle half▲ 115%€251,971within the sector's middle half▲ 57.8%€83,845within the sector's middle half▼ 66.7%€90,000within the sector's middle half▲ 7.3%€92,938within the sector's middle half▲ 3.3%
Total assets€86,464below the sector's middle half-€164,499within the sector's middle half▲ 90.3%€254,476within the sector's middle half▲ 54.7%€129,257within the sector's middle half▼ 49.2%€160,335within the sector's middle half▲ 24.0%€132,432within the sector's middle half▼ 17.4%
Debt€12,330-€4,810▼ 61.0%€2,504▼ 47.9%€45,412▲ 18×€70,335▲ 54.9%€39,493▼ 43.8%
Working capital€74,134within the sector's middle half-€156,752above the sector's middle half▲ 111%€249,322above the sector's middle half▲ 59.1%€82,453within the sector's middle half▼ 66.9%€84,535within the sector's middle half▲ 2.5%€90,746within the sector's middle half▲ 7.3%
Solvency85.7%above the sector's middle half-97.1%above the sector's middle half▲ 11.3pp99.0%above the sector's middle half▲ 1.9pp64.9%within the sector's middle half▼ 34.1pp56.1%within the sector's middle half▼ 8.7pp70.2%within the sector's middle half▲ 14.0pp
Current ratio7.01above the sector's middle half-42.70above the sector's middle half▲ 35.682.85within the sector's middle half2.21within the sector's middle half▼ 0.643.30within the sector's middle half▲ 1.09
Return on assets (ROA)80.0%above the sector's middle half-52.0%above the sector's middle half▼ 27.9pp36.3%above the sector's middle half▼ 15.7pp84.2%above the sector's middle half▲ 47.9pp74.6%above the sector's middle half▼ 9.6pp81.5%above the sector's middle half▲ 6.9pp
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 7% lower than in 2024. It is the second fall in a row.
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 €132,432
Fixed assets
€2,193 ▼ 63.1%
Current assets
€130,239 ▼ 15.6%
Equity and liabilities €132,432
Equity
€92,938 ▲ 3.3%
Debt
€39,493 ▼ 43.8%
Debt's share of the balance-sheet total falls from 43.9% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
116.1%▼
2024 · 133.0%
Debt ≤ 1 year
€39,493▼
2024 · €69,855
Income taxes
€30,790▼
2024 · €35,471
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 | €4,288 | - | - | €6,135 | - |
| Depreciation and write-downs of the year | €300 | €858 | €858 | €2,113 | €3,752 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €300 | €858 | €858 | €2,113 | €3,752 | ▲ 77.6% |
| Other operating charges640/8 | - | €101 | €102 | €139 | €148 | €213 | ▲ 44.2% |
| Non-recurring operating charges66A | - | - | - | - | €350 | - | - |
| Gross operating margin9900 | €88,028 | €109,429 | €119,842 | €147,528 | €147,921 | €139,580 | ▼ 5.6% |
| Operating profit (loss)9901 | €87,592 | €109,027 | €118,883 | €146,531 | €145,310 | €135,615 | ▼ 6.7% |
| Financial income75/76B | - | €0 | €7 | €2,481 | €9,937 | €3,241 | ▼ 67.4% |
| Recurring financial income75 | €1 | €0 | €7 | €2,481 | €9,937 | €3,241 | ▼ 67.4% |
| Financial charges65/66B | - | €724 | €476 | €2,555 | €102 | €127 | ▲ 24.3% |
| Recurring financial charges65 | €672 | €724 | €476 | €2,555 | €102 | €127 | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €86,921 | €108,303 | €118,414 | €146,457 | €155,145 | €138,729 | ▼ 10.6% |
| Income taxes67/77 | €17,787 | €22,747 | €26,133 | €37,612 | €35,471 | €30,790 | ▼ 13.2% |
| Profit (loss) for the period9904 | €69,134 | €85,556 | €92,282 | €108,845 | €119,674 | €107,938 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €69,134 | €85,556 | €92,282 | €108,845 | €119,674 | €107,938 | ▼ 9.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €86,464 | €164,499 | €254,476 | €129,257 | €160,335 | €132,432 | ▼ 17.4% |
| Fixed assets21/28 | - | €3,987 | €3,130 | €2,272 | €5,945 | €2,193 | ▼ 63.1% |
| Tangible fixed assets22/27 | - | €3,987 | €3,130 | €2,272 | €5,945 | €2,193 | ▼ 63.1% |
| Furniture and vehicles24 | - | €697 | €523 | €350 | €4,707 | €1,639 | ▼ 65.2% |
| Other tangible fixed assets26 | - | €3,291 | €2,606 | €1,922 | €1,238 | €554 | ▼ 55.3% |
| Current assets29/58 | €86,464 | €160,512 | €251,346 | €126,985 | €154,391 | €130,239 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €2 | €1,893 | €747 | €1,569 | €29 | €3,720 | ▲ 127× |
| Trade receivables40 | - | - | - | - | - | €524 | - |
| Other amounts receivable41 | - | €1,893 | €747 | €1,569 | €29 | €3,196 | ▲ 109× |
| Current investments50/53 | - | - | - | €40,000 | €42,000 | €42,000 | = |
| Cash at bank and in hand54/58 | €85,347 | €157,205 | €249,077 | €83,650 | €110,545 | €82,603 | ▼ 25.3% |
| Deferred charges and accrued income490/1 | - | €1,414 | €1,522 | €1,766 | €1,817 | €1,916 | ▲ 5.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €86,464 | €164,499 | €254,476 | €129,257 | €160,335 | €132,432 | ▼ 17.4% |
| Equity10/15 | €74,134 | €159,690 | €251,971 | €83,845 | €90,000 | €92,938 | ▲ 3.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €69,134 | €154,690 | €246,971 | €78,845 | €85,000 | €87,938 | ▲ 3.5% |
| Distributable reserves133 | - | €154,690 | €246,971 | €78,845 | €85,000 | €87,938 | ▲ 3.5% |
| Amounts payable17/49 | €12,330 | €4,810 | €2,504 | €45,412 | €70,335 | €39,493 | ▼ 43.8% |
| Amounts payable within one year42/48 | €12,330 | €3,759 | €2,024 | €44,531 | €69,855 | €39,493 | ▼ 43.5% |
| Trade debts44 | €211 | €684 | €237 | €259 | €645 | €746 | ▲ 15.7% |
| Suppliers440/4 | - | €684 | €237 | €259 | €645 | €746 | ▲ 15.7% |
| Taxes, remuneration and social security45 | - | €3,075 | €1,633 | €7,472 | €5,218 | €4,826 | ▼ 7.5% |
| Taxes450/3 | - | €3,075 | €1,633 | €7,472 | €5,218 | €4,826 | ▼ 7.5% |
| Other amounts payable47/48 | - | - | €155 | €36,800 | €63,993 | €33,921 | ▼ 47.0% |
| Accrued charges and deferred income492/3 | - | €1,050 | €480 | €880 | €480 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,134 | €85,556 | €92,282 | €108,845 | €119,674 | €107,938 | ▼ 9.8% |
| + Depreciation and write-downs630 | - | €300 | €858 | €858 | €2,113 | €3,752 | ▲ 77.6% |
| Operating cash flow (approximation) | €69,134 | €85,856 | €93,139 | €109,703 | €121,787 | €111,690 | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€5,785 | €0 | - |
| Change in cash | - | €71,858 | €91,872 | -€165,427 | €26,895 | -€27,942 | - |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00222192 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00354073 | |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00093769 | |
| 31-12-2022 | micro format | 24-05-2023 | 2023-00094109 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20100048 | |
| 31-12-2020 | micro format | 02-06-2021 | 2021-16800533 |