Financials · financial year 2025, micro format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 2 filings
Equity
€87,688▲ 92.9%
2024 · €45,449
Net result
€42,239▼ 3.9%
2024 · €43,949
Total assets
€127,627▲ 29.6%
2024 · €98,502
Solvency
68.7%▲ 22.6pp
2024 · 46.1%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€55,228
▼ 6.5%
2025
20242025
Net result
€42,239
▼ 3.9%
2025
middle half of the sector
20242025
Equity
€87,688
▲ 92.9%
2025
middle half of the sector
20242025
Total assets
€127,627
▲ 29.6%
2025
lowest quarter of the sector
20242025
Debt
€39,939
▼ 24.7%
2025
20242025
Working capital
€75,416
▲ 113%
2025
middle half of the sector
20242025
Solvency
68.7%
▲ 22.6pp
2025
middle half of the sector
20242025
Current ratio
4.78
▲ 2.27
2025
highest quarter of the sector
20242025
Return on assets (ROA)
33.1%
▼ 11.5pp
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€59,091-€55,228▼ 6.5%
Net result€43,949within the sector's middle half-€42,239within the sector's middle half▼ 3.9%
Equity€45,449within the sector's middle half-€87,688within the sector's middle half▲ 92.9%
Total assets€98,502below the sector's middle half-€127,627below the sector's middle half▲ 29.6%
Debt€53,054-€39,939▼ 24.7%
Working capital€35,427within the sector's middle half-€75,416within the sector's middle half▲ 113%
Solvency46.1%within the sector's middle half-68.7%within the sector's middle half▲ 22.6pp
Current ratio2.52within the sector's middle half-4.78above the sector's middle half▲ 2.27
Return on assets (ROA)44.6%above the sector's middle half-33.1%above the sector's middle half▼ 11.5pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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.
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 €127,627
Fixed assets
€32,272 ▼ 18.8%
Current assets
€95,355 ▲ 62.2%
Equity and liabilities €127,627
Equity
€87,688 ▲ 92.9%
Debt
€39,939 ▼ 24.7%
Debt's share of the balance-sheet total falls from 53.9% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
48.2%▼
2024 · 96.7%
Debt ≤ 1 year
€19,939▼
2024 · €23,349
Debt > 1 year
€18,353▼
2024 · €28,094
Income taxes
€11,336▼
2024 · €12,014
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 | €53,837 | €4,416 |
| Depreciation and write-downs of the year | €14,110 | €11,871 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €57 awarded · €57 paidAnnual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,110 | €11,871 | ▼ 15.9% |
| Other operating charges640/8 | €374 | €532 | ▲ 42.2% |
| Gross operating margin9900 | €73,575 | €67,631 | ▼ 8.1% |
| Operating profit (loss)9901 | €59,091 | €55,228 | ▼ 6.5% |
| Financial income75/76B | €10 | €25 | ▲ 154% |
| Recurring financial income75 | €10 | €25 | ▲ 154% |
| Financial charges65/66B | €3,139 | €1,678 | ▼ 46.5% |
| Recurring financial charges65 | €3,139 | €1,678 | ▼ 46.5% |
| Profit (loss) for the period before taxes9903 | €55,962 | €53,576 | ▼ 4.3% |
| Income taxes67/77 | €12,014 | €11,336 | ▼ 5.6% |
| Profit (loss) for the period9904 | €43,949 | €42,239 | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €43,949 | €42,239 | ▼ 3.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €98,502 | €127,627 | ▲ 29.6% |
| Fixed assets21/28 | €39,727 | €32,272 | ▼ 18.8% |
| Tangible fixed assets22/27 | €39,727 | €32,272 | ▼ 18.8% |
| Plant, machinery and equipment23 | €3,098 | €1,930 | ▼ 37.7% |
| Furniture and vehicles24 | - | €3,690 | - |
| Leasing and similar rights25 | €36,629 | €26,652 | ▼ 27.2% |
| Current assets29/58 | €58,776 | €95,355 | ▲ 62.2% |
| Amounts receivable within one year40/41 | €18,399 | €13,637 | ▼ 25.9% |
| Trade receivables40 | €18,399 | €12,848 | ▼ 30.2% |
| Other amounts receivable41 | - | €789 | - |
| Cash at bank and in hand54/58 | €39,282 | €80,575 | ▲ 105% |
| Deferred charges and accrued income490/1 | €1,095 | €1,143 | ▲ 4.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €98,502 | €127,627 | ▲ 29.6% |
| Equity10/15 | €45,449 | €87,688 | ▲ 92.9% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €43,949 | €86,188 | ▲ 96.1% |
| Amounts payable17/49 | €53,054 | €39,939 | ▼ 24.7% |
| Amounts payable after more than one year17 | €28,094 | €18,353 | ▼ 34.7% |
| Financial debts170/4 | €28,094 | €18,353 | ▼ 34.7% |
| Amounts payable within one year42/48 | €23,349 | €19,939 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | €9,309 | €9,741 | ▲ 4.6% |
| Trade debts44 | €1,098 | €1,326 | ▲ 20.7% |
| Suppliers440/4 | €1,098 | €1,326 | ▲ 20.7% |
| Taxes, remuneration and social security45 | €11,129 | €6,468 | ▼ 41.9% |
| Taxes450/3 | €11,129 | €6,468 | ▼ 41.9% |
| Other amounts payable47/48 | €1,813 | €2,404 | ▲ 32.6% |
| Accrued charges and deferred income492/3 | €1,611 | €1,647 | ▲ 2.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €43,949 | €42,239 | ▼ 3.9% |
| + Depreciation and write-downs630 | €14,110 | €11,871 | ▼ 15.9% |
| Operating cash flow (approximation) | €58,059 | €54,110 | ▼ 6.8% |
| Investment in fixed assets (approximation) | - | -€4,416 | - |
| Change in cash | - | €41,293 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.