Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-01-2026 PDF all 4 filings
Equity
€3,361▼ 96.7%
2024 · €102,908
Net result
€23,453▼ 8.8%
2024 · €25,724
Total assets
€116,506▲ 3.9%
2024 · €112,176
Solvency
2.9%▼ 88.9pp
2024 · 91.7%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€31,636
▼ 2.3%
2025
20222025
Net result
€23,453
▼ 8.8%
2025
middle half of the sector
20222025
Equity
€3,361
▼ 96.7%
2025
lowest quarter of the sector
20222025
Total assets
€116,506
▲ 3.9%
2025
lowest quarter of the sector
20222025
Debt
€113,146
▲ 12×
2025
20222025
Working capital
€3,685
▼ 96.4%
2025
middle half of the sector
20222025
Solvency
2.9%
▼ 88.9pp
2025
lowest quarter of the sector
20222025
Current ratio
1.03
▼ 11.58
2025
middle half of the sector
20222025
Return on assets (ROA)
20.1%
▼ 2.8pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€61,593-€32,588▼ 47.1%€32,364▼ 0.7%€31,636▼ 2.3%
Net result€49,249within the sector's middle half-€25,935within the sector's middle half▼ 47.3%€25,724within the sector's middle half▼ 0.8%€23,453within the sector's middle half▼ 8.8%
Equity€51,249within the sector's middle half-€77,184within the sector's middle half▲ 50.6%€102,908within the sector's middle half▲ 33.3%€3,361below the sector's middle half▼ 96.7%
Total assets€66,909below the sector's middle half-€87,135below the sector's middle half▲ 30.2%€112,176below the sector's middle half▲ 28.7%€116,506below the sector's middle half▲ 3.9%
Debt€15,660-€9,951▼ 36.5%€9,269▼ 6.9%€113,146▲ 12×
Working capital€52,206within the sector's middle half-€76,999within the sector's middle half▲ 47.5%€102,556within the sector's middle half▲ 33.2%€3,685within the sector's middle half▼ 96.4%
Solvency76.6%within the sector's middle half-88.6%above the sector's middle half▲ 12.0pp91.7%above the sector's middle half▲ 3.2pp2.9%below the sector's middle half▼ 88.9pp
Current ratio4.55above the sector's middle half-9.70above the sector's middle half▲ 5.1512.62above the sector's middle half▲ 2.911.03within the sector's middle half▼ 11.58
Return on assets (ROA)73.6%above the sector's middle half-29.8%above the sector's middle half▼ 43.8pp22.9%within the sector's middle half▼ 6.8pp20.1%within the sector's middle half▼ 2.8pp
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 2% lower than in 2024 and the lowest since 2022. It is the third 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 €116,506
Fixed assets
€296 ▼ 62.6%
Current assets
€116,211 ▲ 4.3%
Equity and liabilities €116,506
Equity
€3,361 ▼ 96.7%
Debt
€113,146 ▲ 12×
Debt's share of the balance-sheet total rises from 8.3% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
697.9%▲
2024 · 25.0%
Debt ≤ 1 year
€112,525▲
2024 · €8,830
Income taxes
€8,036▲
2024 · €6,443
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,485 | - | - |
| Depreciation and write-downs of the year | - | €199 | €495 | €495 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €199 | €495 | €495 | = |
| Other operating charges640/8 | €55 | €471 | €392 | €387 | ▼ 1.3% |
| Gross operating margin9900 | €61,648 | €33,258 | €33,251 | €32,518 | ▼ 2.2% |
| Operating profit (loss)9901 | €61,593 | €32,588 | €32,364 | €31,636 | ▼ 2.3% |
| Financial charges65/66B | €31 | €200 | €197 | €147 | ▼ 25.3% |
| Recurring financial charges65 | €31 | €200 | €197 | €147 | ▼ 25.3% |
| Profit (loss) for the period before taxes9903 | €61,562 | €32,388 | €32,167 | €31,489 | ▼ 2.1% |
| Income taxes67/77 | €12,312 | €6,454 | €6,443 | €8,036 | ▲ 24.7% |
| Profit (loss) for the period9904 | €49,249 | €25,935 | €25,724 | €23,453 | ▼ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €49,249 | €25,935 | €25,724 | €23,453 | ▼ 8.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66,909 | €87,135 | €112,176 | €116,506 | ▲ 3.9% |
| Fixed assets21/28 | - | €1,286 | €791 | €296 | ▼ 62.6% |
| Tangible fixed assets22/27 | - | €1,286 | €791 | €296 | ▼ 62.6% |
| Furniture and vehicles24 | - | €1,286 | €791 | €296 | ▼ 62.6% |
| Current assets29/58 | €66,909 | €85,849 | €111,386 | €116,211 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €7,260 | €7,260 | €10,890 | €7,260 | ▼ 33.3% |
| Trade receivables40 | €7,260 | €7,260 | €10,890 | €7,260 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €59,649 | €78,589 | €100,496 | €108,951 | ▲ 8.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66,909 | €87,135 | €112,176 | €116,506 | ▲ 3.9% |
| Equity10/15 | €51,249 | €77,184 | €102,908 | €3,361 | ▼ 96.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €45,000 | €75,000 | €100,000 | - | - |
| Distributable reserves133 | €45,000 | €75,000 | €100,000 | - | - |
| Profit (loss) carried forward14 | €4,249 | €184 | €908 | €1,361 | ▲ 49.9% |
| Amounts payable17/49 | €15,660 | €9,951 | €9,269 | €113,146 | ▲ 12× |
| Amounts payable within one year42/48 | €14,703 | €8,850 | €8,830 | €112,525 | ▲ 13× |
| Trade debts44 | €502 | €579 | €500 | €603 | ▲ 20.7% |
| Suppliers440/4 | €502 | €579 | €500 | €603 | ▲ 20.7% |
| Taxes, remuneration and social security45 | €14,201 | €8,270 | €8,330 | €3,922 | ▼ 52.9% |
| Taxes450/3 | €14,201 | €8,270 | €8,330 | €3,922 | ▼ 52.9% |
| Other amounts payable47/48 | - | - | - | €108,000 | - |
| Accrued charges and deferred income492/3 | €957 | €1,101 | €439 | €620 | ▲ 41.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,249 | €25,935 | €25,724 | €23,453 | ▼ 8.8% |
| + Depreciation and write-downs630 | - | €199 | €495 | €495 | = |
| Operating cash flow (approximation) | €49,249 | €26,134 | €26,219 | €23,948 | ▼ 8.7% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €18,940 | €21,907 | €8,455 | ▼ 61.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.