Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-12-2025 PDF all 28 filings
Equity
€28,291▼ 36.3%
2024 · €44,427
Net result
-€16,136
2024 · €46,236
Total assets
€436,240▲ 716%
2024 · €53,476
Solvency
6.5%▼ 76.6pp
2024 · 83.1%
In the rankings
#2 oldest company in Hove, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€17,673
2025
20192025
Net result
-€16,136
2025
lowest quarter of the sector
20192025
Equity
€28,291
▼ 36.3%
2025
lowest quarter of the sector
20192025
Total assets
€436,240
▲ 716%
2025
middle half of the sector
20192025
Debt
€407,949
▲ 45×
2025
20192025
Working capital
-€306,270
2025
lowest quarter of the sector
20192025
Solvency
6.5%
▼ 76.6pp
2025
lowest quarter of the sector
20192025
Current ratio
0.25
▼ 5.66
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-3.7%
▼ 90.2pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€14,866--€14,420-€8,330▲ 42.2%€10,636€74,730▲ 603%€46,389▼ 37.9%-€17,673
Net result€9,186-€3,445within the sector's middle half▼ 62.5%-€8,388below the sector's middle half€10,490within the sector's middle half€74,592within the sector's middle half▲ 611%€46,236within the sector's middle half▼ 38.0%-€16,136below the sector's middle half
Equity-€81,948--€78,503below the sector's middle half▲ 4.2%-€86,891below the sector's middle half▼ 10.7%-€76,401below the sector's middle half▲ 12.1%-€1,809below the sector's middle half▲ 97.6%€44,427within the sector's middle half€28,291below the sector's middle half▼ 36.3%
Total assets€5,143-€226below the sector's middle half▼ 95.6%€6,720below the sector's middle half▲ 30×€13,843below the sector's middle half▲ 106%€41,791below the sector's middle half▲ 202%€53,476below the sector's middle half▲ 28.0%€436,240within the sector's middle half▲ 716%
Debt€87,091-€78,728▼ 9.6%€93,610▲ 18.9%€90,243▼ 3.6%€43,600▼ 51.7%€9,049▼ 79.2%€407,949▲ 45×
Working capital-€63,948--€78,503below the sector's middle half▼ 22.8%-€86,891below the sector's middle half▼ 10.7%-€76,401below the sector's middle half▲ 12.1%-€1,809within the sector's middle half▲ 97.6%€44,427within the sector's middle half-€306,270below the sector's middle half
Solvency-1593.3%--34780.3%below the sector's middle half▼ 33186.9pp-1293.1%below the sector's middle half▲ 33487.2pp-551.9%below the sector's middle half▲ 741.2pp-4.3%below the sector's middle half▲ 547.6pp83.1%above the sector's middle half▲ 87.4pp6.5%below the sector's middle half▼ 76.6pp
Current ratio0.07-0.07below the sector's middle half0.15below the sector's middle half▲ 0.080.96within the sector's middle half▲ 0.815.91above the sector's middle half▲ 4.950.25below the sector's middle half▼ 5.66
Return on assets (ROA)178.6%--124.8%below the sector's middle half75.8%above the sector's middle half▲ 200.6pp178.5%above the sector's middle half▲ 102.7pp86.5%above the sector's middle half▼ 92.0pp-3.7%below the sector's middle half▼ 90.2pp
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 a loss of €17,673, after a profit of €46,389 in 2024. It is the lowest result since 2021.
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 €436,240
Fixed assets
€334,561
Current assets
€101,679
Equity and liabilities €436,240
Equity
€28,291 ▼ 36.3%
Debt
€407,949 ▲ 45×
Debt's share of the balance-sheet total rises from 16.9% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-57.0%▼
2024 · 104.1%
Debt ≤ 1 year
€407,949▲
2024 · €9,049
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 | - | - | - | €337,445 |
| Depreciation and write-downs of the year | - | - | - | €2,884 |
Source: notes to the 2022 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 | - | - | - | - | - | - | €2,884 | - |
| Other operating charges640/8 | - | - | - | €102 | €109 | €0 | €26,302 | - |
| Non-recurring operating charges66A | - | - | - | - | - | - | €33,202 | - |
| Gross operating margin9900 | €14,964 | -€14,320 | -€8,229 | €10,738 | €74,839 | €46,389 | €44,715 | ▼ 3.6% |
| Operating profit (loss)9901 | €14,866 | -€14,420 | -€8,330 | €10,636 | €74,730 | €46,389 | -€17,673 | - |
| Financial income75/76B | - | - | - | - | - | - | €1,692 | - |
| Recurring financial income75 | €670 | - | - | - | - | - | €1,692 | - |
| Financial charges65/66B | - | - | - | €146 | €138 | €153 | €155 | ▲ 1.0% |
| Recurring financial charges65 | €6,350 | €135 | €58 | €146 | €138 | €153 | €155 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €9,186 | €3,445 | -€8,388 | €10,490 | €74,592 | €46,236 | -€16,136 | - |
| Profit (loss) for the period9904 | €9,186 | €3,445 | -€8,388 | €10,490 | €74,592 | €46,236 | -€16,136 | - |
| Profit (loss) for the period to be appropriated9905 | €9,186 | €3,445 | -€8,388 | €10,490 | €74,592 | €46,236 | -€16,136 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5,143 | €226 | €6,720 | €13,843 | €41,791 | €53,476 | €436,240 | ▲ 716% |
| Fixed assets21/28 | - | - | - | - | - | - | €334,561 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €334,561 | - |
| Land and buildings22 | - | - | - | - | - | - | €297,408 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €37,154 | - |
| Current assets29/58 | €5,143 | €226 | €6,720 | €13,843 | €41,791 | €53,476 | €101,679 | ▲ 90.1% |
| Amounts receivable within one year40/41 | €4,950 | - | €6,550 | €13,761 | €41,658 | €52,533 | €11,129 | ▼ 78.8% |
| Trade receivables40 | - | - | - | €13,761 | €41,658 | €29,500 | €11,128 | ▼ 62.3% |
| Other amounts receivable41 | - | - | - | - | - | €23,033 | €1 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €193 | €226 | €170 | €82 | €133 | €943 | €90,550 | ▲ 96× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5,143 | €226 | €6,720 | €13,843 | €41,791 | €53,476 | €436,240 | ▲ 716% |
| Equity10/15 | -€81,948 | -€78,503 | -€86,891 | -€76,401 | -€1,809 | €44,427 | €28,291 | ▼ 36.3% |
| Contributions10/11 | €537,929 | €537,929 | €537,929 | €537,929 | €537,929 | €537,929 | €537,929 | = |
| Capital10 | - | - | - | €537,929 | €537,929 | €537,929 | - | - |
| Issued capital100 | - | - | - | €537,929 | €537,929 | €537,929 | - | - |
| Profit (loss) carried forward14 | -€619,877 | -€616,431 | -€624,820 | -€614,330 | -€539,737 | -€493,502 | -€509,638 | ▼ 3.3% |
| Amounts payable17/49 | €87,091 | €78,728 | €93,610 | €90,243 | €43,600 | €9,049 | €407,949 | ▲ 45× |
| Amounts payable within one year42/48 | €69,091 | €78,728 | €93,610 | €90,243 | €43,600 | €9,049 | €407,949 | ▲ 45× |
| Trade debts44 | €361 | €100 | €1,447 | €1,107 | €1,439 | €526 | €2,457 | ▲ 367% |
| Suppliers440/4 | - | - | - | €1,107 | €1,439 | €526 | €2,457 | ▲ 367% |
| Taxes, remuneration and social security45 | - | - | - | €4,531 | €2,736 | €2,668 | €9,543 | ▲ 258% |
| Taxes450/3 | - | - | - | €4,531 | €2,736 | €2,668 | €9,543 | ▲ 258% |
| Other amounts payable47/48 | - | - | - | €84,606 | €39,424 | €5,855 | €395,949 | ▲ 68× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,186 | €3,445 | -€8,388 | €10,490 | €74,592 | €46,236 | -€16,136 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €2,884 | - |
| Operating cash flow (approximation) | €9,186 | €3,445 | -€8,388 | €10,490 | €74,592 | €46,236 | -€13,252 | - |
| Change in cash | - | €33 | -€56 | -€88 | €51 | €810 | €89,607 | ▲ 111× |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 01-12-2025 | 2025-00573713 | |
| 30-06-2024 | micro format | 13-12-2024 | 2024-00615306 | |
| 30-06-2023 | micro format | 18-12-2023 | 2023-00530086 | |
| 30-06-2022 | micro format | 19-12-2022 | 2022-20539931 | |
| 30-06-2021 | micro format | 17-12-2021 | 2021-80700110 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03600095 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03000180 | |
| 30-06-2018 | micro format | 30-11-2018 | 2018-73400274 | |
| 30-06-2017 | micro format | 26-01-2018 | 2018-02500392 | |
| 30-06-2016 | abbreviated format | 24-02-2017 | 2017-05200137 |