Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 2 filings
Equity
€48,697▲ 205%
2024 · €15,956
Net result
€32,742▲ 199%
2024 · €10,956
Total assets
€104,453▲ 86.8%
2024 · €55,927
Solvency
46.6%▲ 18.1pp
2024 · 28.5%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€42,198
▲ 202%
2025
20242025
Net result
€32,742
▲ 199%
2025
middle half of the sector
20242025
Equity
€48,697
▲ 205%
2025
middle half of the sector
20242025
Total assets
€104,453
▲ 86.8%
2025
lowest quarter of the sector
20242025
Debt
€55,755
▲ 39.5%
2025
20242025
Working capital
€12,814
2025
middle half of the sector
20242025
Solvency
46.6%
▲ 18.1pp
2025
middle half of the sector
20242025
Current ratio
1.24
▲ 0.61
2025
middle half of the sector
20242025
Return on assets (ROA)
31.3%
▲ 11.8pp
2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€13,969-€42,198▲ 202%
Net result€10,956within the sector's middle half-€32,742within the sector's middle half▲ 199%
Equity€15,956below the sector's middle half-€48,697within the sector's middle half▲ 205%
Total assets€55,927below the sector's middle half-€104,453below the sector's middle half▲ 86.8%
Debt€39,972-€55,755▲ 39.5%
Working capital-€14,753within the sector's middle half-€12,814within the sector's middle half
Solvency28.5%within the sector's middle half-46.6%within the sector's middle half▲ 18.1pp
Current ratio0.63below the sector's middle half-1.24within the sector's middle half▲ 0.61
Return on assets (ROA)19.6%within the sector's middle half-31.3%above the sector's middle half▲ 11.8pp
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 over 3 times that of 2024.
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 €104,453
Fixed assets
€39,101 ▲ 27.3%
Current assets
€65,352 ▲ 159%
Equity and liabilities €104,453
Equity
€48,697 ▲ 205%
Debt
€55,755 ▲ 39.5%
Debt's share of the balance-sheet total falls from 71.5% to 53.4%. Equity and debt are higher.
Key figures and ratios
ROE
67.2%▼
2024 · 68.7%
Debt ≤ 1 year
€52,538▲
2024 · €39,972
Debt > 1 year
€3,218
Income taxes
€9,098▲
2024 · €2,990
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €34,000 | €23,867 |
| Depreciation and write-downs of the year | €3,291 | €15,475 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,291 | €15,475 | ▲ 370% |
| Other operating charges640/8 | €184 | €778 | ▲ 323% |
| Gross operating margin9900 | €17,444 | €58,450 | ▲ 235% |
| Operating profit (loss)9901 | €13,969 | €42,198 | ▲ 202% |
| Financial income75/76B | - | €10 | - |
| Recurring financial income75 | - | €10 | - |
| Financial charges65/66B | €23 | €368 | ▲ 16× |
| Recurring financial charges65 | €23 | €368 | ▲ 16× |
| Profit (loss) for the period before taxes9903 | €13,946 | €41,840 | ▲ 200% |
| Income taxes67/77 | €2,990 | €9,098 | ▲ 204% |
| Profit (loss) for the period9904 | €10,956 | €32,742 | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €10,956 | €32,742 | ▲ 199% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,927 | €104,453 | ▲ 86.8% |
| Fixed assets21/28 | €30,709 | €39,101 | ▲ 27.3% |
| Tangible fixed assets22/27 | €30,709 | €39,101 | ▲ 27.3% |
| Furniture and vehicles24 | €30,709 | €39,101 | ▲ 27.3% |
| Current assets29/58 | €25,219 | €65,352 | ▲ 159% |
| Amounts receivable within one year40/41 | €5,702 | €18,169 | ▲ 219% |
| Trade receivables40 | €5,701 | €18,157 | ▲ 218% |
| Other amounts receivable41 | €1 | €11 | ▲ 16× |
| Cash at bank and in hand54/58 | €17,290 | €40,749 | ▲ 136% |
| Deferred charges and accrued income490/1 | €2,227 | €6,434 | ▲ 189% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,927 | €104,453 | ▲ 86.8% |
| Equity10/15 | €15,956 | €48,697 | ▲ 205% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €10,956 | €43,697 | ▲ 299% |
| Distributable reserves133 | €10,956 | €43,697 | ▲ 299% |
| Amounts payable17/49 | €39,972 | €55,755 | ▲ 39.5% |
| Amounts payable after more than one year17 | - | €3,218 | - |
| Financial debts170/4 | - | €3,218 | - |
| Amounts payable within one year42/48 | €39,972 | €52,538 | ▲ 31.4% |
| Current portion of amounts payable after more than one year42 | - | €6,249 | - |
| Financial debts43 | €2,450 | €3,049 | ▲ 24.5% |
| Credit institutions430/8 | €2,450 | €3,049 | ▲ 24.5% |
| Trade debts44 | €1,136 | €2,332 | ▲ 105% |
| Suppliers440/4 | €1,136 | €2,332 | ▲ 105% |
| Taxes, remuneration and social security45 | €5,998 | €3,293 | ▼ 45.1% |
| Taxes450/3 | €3,596 | €861 | ▼ 76.1% |
| Remuneration and social security454/9 | €2,402 | €2,432 | ▲ 1.3% |
| Other amounts payable47/48 | €30,388 | €37,614 | ▲ 23.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,956 | €32,742 | ▲ 199% |
| + Depreciation and write-downs630 | €3,291 | €15,475 | ▲ 370% |
| Operating cash flow (approximation) | €14,247 | €48,216 | ▲ 238% |
| Investment in fixed assets (approximation) | - | -€23,867 | - |
| Change in cash | - | €23,459 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.