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Private limited companyfounded 1997active for 29 yearsHogevorst 32, 9968 Assenede, BelgiumKBO/BCE: BE 0461.052.282

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 56 days after the deadline Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00523711.

Annual accounts 2025 filed on 25-09-2026 at the NBB all 28 filings

Equity
€342,905▲ 13.9%
2024 · €301,133
Net result
€41,772▼ 57.9%
2024 · €99,138
Total assets
€2.0m▼ 18.0%
2024 · €2.4m
Solvency
17.2%▲ 4.8pp
2024 · 12.4%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 53% lower than in 2024. It is the second fall in a row.

Operating result€0.08m 2025 Net result€0.04m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.05m▲ 9.5%€0.05m▲ 6.3%€0.04m▼ 32.1%-€0.04m€0.2m€0.2m=€0.08m▼ 52.8%
Net result€0.03m-€0.03m▼ 3.0%€0.03mwithin the sector's middle half▲ 1.1%€0.02mwithin the sector's middle half▼ 45.6%-€0.08mbelow the sector's middle half€0.1mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 15.6%€0.04mwithin the sector's middle half▼ 57.9%
Equity€0.3m-€0.3m▲ 9.8%€0.4mabove the sector's middle half▲ 9.0%€0.4mabove the sector's middle half▲ 4.5%€0.3mabove the sector's middle half▼ 21.7%€0.4mwithin the sector's middle half▲ 38.8%€0.3mwithin the sector's middle half▼ 28.3%€0.3mwithin the sector's middle half▲ 13.9%
Total assets€0.5m-€0.7m▲ 47.8%€0.9mabove the sector's middle half▲ 23.3%€1.0mabove the sector's middle half▲ 9.9%€2.6mabove the sector's middle half▲ 171%€2.5mabove the sector's middle half▼ 3.5%€2.4mabove the sector's middle half▼ 3.6%€2.0mabove the sector's middle half▼ 18.0%
Debt€0.2m-€0.4m▲ 116%€0.5m▲ 36.2%€0.6m▲ 13.8%€2.3m▲ 299%€2.1m▼ 9.1%€2.1m▲ 1.4%€1.6m▼ 22.5%
Working capital€0.1m-€0.04m▼ 68.8%€0.1mwithin the sector's middle half▲ 191%€0.08mwithin the sector's middle half▼ 29.5%-€0.3mbelow the sector's middle half-€0.3mbelow the sector's middle half▲ 0.9%-€0.4mbelow the sector's middle half▼ 20.2%€0.2mwithin the sector's middle half
Solvency64.2%-47.7%▼ 16.5pp42.2%within the sector's middle half▼ 5.5pp40.1%within the sector's middle half▼ 2.1pp11.6%below the sector's middle half▼ 28.5pp16.7%below the sector's middle half▲ 5.1pp12.4%below the sector's middle half▼ 4.3pp17.2%within the sector's middle half▲ 4.8pp
Current ratio1.82-1.15▼ 0.681.70within the sector's middle half▲ 0.551.46within the sector's middle half▼ 0.240.32below the sector's middle half▼ 1.140.34below the sector's middle half▲ 0.020.36below the sector's middle half▲ 0.021.34within the sector's middle half▲ 0.98
Return on assets (ROA)6.5%-4.3%▼ 2.2pp3.5%within the sector's middle half▼ 0.8pp1.7%within the sector's middle half▼ 1.8pp-3.2%below the sector's middle half▼ 4.9pp4.7%within the sector's middle half▲ 7.9pp4.1%within the sector's middle half▼ 0.6pp2.1%below the sector's middle half▼ 2.0pp
Staff (FTE)1.4-1.7▲ 21.4%2.1within the sector's middle half▲ 23.5%2▼ 4.8%4.1▲ 105%5.2within the sector's middle half▲ 26.8%4.8within the sector's middle half▼ 7.7%
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.
Turnover and EBIT margin are not published. The abbreviated or 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 €2.0m
Fixed assets €1.4m ▼ 38.4%
Current assets €634,695 ▲ 180%
Equity and liabilities €2.0m
Equity €342,905 ▲ 13.9%
Debt €1.6m ▼ 22.5%
Debt's share of the balance-sheet total falls from 87.6% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
12.2%▼
2024 · 32.9%
Debt ≤ 1 year
€474,404▼
2024 · €633,661
Debt > 1 year
€1.2m▼
2024 · €1.4m
Income taxes
€19,845▼
2024 · €46,126
Staff costs
€8,540▼
2024 · €299,580
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as BASCO: agents and brokers in banking services (NACE 66191). They are comparable in size and age: total assets between €1.1m and €2.5m, founded between 1986 and 2007.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
BASCO Assenede1997€2.0m€0.3m€0.2m€0.04m-2025
KANTOOR DE MAERTELEIRE Gent1998€1.1m€0.6m€0.2m€0.05m-2025
MCN INVEST Châtelet2004€1.3m€0.5m€0.1m€0.06m-2024
KANTOOR MONTMORENCY Moorslede1986€2.2m€1.9m€0.3m€0.2m0.82025
SERRUYS Brugge2000€2.5m€1.2m€0.3m€0.06m1.52025
JOERI LELIE Aalst2007€1.1m€0.7m€0.1m€0.02m-2025
VERHAMME & VERHAMME Wevelgem1987€1.6m€1.0m€0.3m€0.03m12025

They were chosen from the 1,171 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €387 awarded · €388 paid
Year Entries AwardedPaid
2025 1 €0€83
2024 1 €169€87
2023 1 €93€93
2022 1 €125€125
Schemes
4 entries · €387 · €388 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Source: Annual accounts 2025 at the NBB, filed on 25-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.0m▼
Fixed assets21/28€2.2m€1.4m▼
Intangible fixed assets21€0.8m-
Tangible fixed assets22/27€1.4m€1.4m▼
Land and buildings22€1.4m€1.3m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.01m€125▼
Current assets29/58€0.2m€0.6m▲
Amounts receivable within one year40/41€0.2m€0.6m▲
Trade receivables40€0.1m€0.09m▼
Other amounts receivable41€0.05m€0.5m▲
Cash at bank and in hand54/58€0.05m€0.02m▼
Deferred charges and accrued income490/1€0.003m€31▼
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.0m▼
Equity10/15€0.3m€0.3m▲
Contributions10/11€0.06m€0.06m=
Reserves13€0.2m€0.3m▲
Distributable reserves133€0.2m€0.3m▲
Amounts payable17/49€2.1m€1.6m▼
Amounts payable after more than one year17€1.4m€1.2m▼
Financial debts170/4€1.4m€1.2m▼
Amounts payable within one year42/48€0.6m€0.5m▼
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Trade debts44€0.02m€0.003m▼
Suppliers440/4€0.02m€0.003m▼
Taxes, remuneration and social security45€0.1m€0.05m▼
Taxes450/3€0.06m€0.05m▼
Remuneration and social security454/9€0.04m€0.003m▼
Other amounts payable47/48€0.3m€0.2m▼
Accrued charges and deferred income492/3€0.1m-
Income statement Code20242025
Non-recurring operating income76A-€0.03m
Remuneration, social security and pensions62€0.3m€0.009m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.05m▼
Other operating charges640/8€0.01m€0.01m▲
Gross operating margin9900€0.6m€0.2m▼
Operating profit (loss)9901€0.2m€0.08m▼
Financial income75/76B€10€226▲
Recurring financial income75€10€226▲
Financial charges65/66B€0.03m€0.02m▼
Recurring financial charges65€0.03m€0.02m▼
Profit (loss) for the period before taxes9903€0.1m€0.06m▼
Income taxes67/77€0.05m€0.02m▼
Profit (loss) for the period9904€0.1m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.04m▼
Transfer from equity791/2€0.2m-
Transfer to equity691/2€0.1m€0.04m▼
To other reserves6921€0.1m€0.04m▼
Profit to be distributed694/7€0.2m-
Return on contributions (dividend)694€0.2m-
Social balance sheet
Average headcount (FTE)90874.8-

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€28,529-
Remuneration, social security and pensions62---€100,540€187,178€270,256€299,580€8,540▼ 97.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,313€37,167€37,948€57,779€197,978€157,277€160,114€47,392▼ 70.4%
Other operating charges640/8---€2,682€8,115€10,756€10,927€11,273▲ 3.2%
Gross operating margin9900€154,875€162,854€178,618€198,208€348,602€616,334€648,621€151,299▼ 76.7%
Operating profit (loss)9901€47,103€51,564€54,820€37,207-€44,669€178,045€178,000€84,093▼ 52.8%
Financial income75/76B---€4€0€152€10€226▲ 22×
Recurring financial income75€1-€0€0€0€152€10€226▲ 22×
Non-recurring financial income76B---€4-----
Financial charges65/66B---€13,897€38,787€37,547€32,746€22,702▼ 30.7%
Recurring financial charges65€3,169€5,877€12,588€13,897€38,787€37,547€32,746€22,702▼ 30.7%
Profit (loss) for the period before taxes9903€43,935€43,427€42,232€23,315-€83,455€140,649€145,264€61,616▼ 57.6%
Income taxes67/77€12,741€13,176€11,644€6,675€147€23,240€46,126€19,845▼ 57.0%
Profit (loss) for the period9904€31,193€30,252€30,588€16,640-€83,603€117,410€99,138€41,772▼ 57.9%
Profit (loss) for the period to be appropriated9905€31,193€30,252€30,588€16,640-€83,603€117,410€99,138€41,772▼ 57.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.5m€0.7m€0.9m€1.0m€2.6m€2.5m€2.4m€2.0m▼ 18.0%
Fixed assets21/28€0.2m€0.4m€0.6m€0.7m€2.4m€2.3m€2.2m€1.4m▼ 38.4%
Intangible fixed assets21---€0.05m€1.0m€0.9m€0.8m--
Tangible fixed assets22/27€0.2m€0.4m€0.6m€0.6m€1.4m€1.5m€1.4m€1.4m▼ 4.3%
Land and buildings22---€0.6m€1.4m€1.4m€1.4m€1.3m▼ 3.1%
Plant, machinery and equipment23---€0.001m€0.005m€0.02m€0.02m€0.01m▼ 29.7%
Furniture and vehicles24----€0.03m€0.02m€0.01m€125▼ 99.0%
Current assets29/58€0.3m€0.3m€0.3m€0.3m€0.2m€0.2m€0.2m€0.6m▲ 180%
Amounts receivable within one year40/41€0.3m€0.2m€0.2m€0.2m€0.1m€0.1m€0.2m€0.6m▲ 258%
Trade receivables40---€0.01m€0.003m€0.01m€0.1m€0.09m▼ 20.0%
Other amounts receivable41---€0.2m€0.1m€0.1m€0.05m€0.5m▲ 860%
Cash at bank and in hand54/58€0.03m€0.1m€0.09m€0.06m€0.01m€0.04m€0.05m€0.02m▼ 52.8%
Deferred charges and accrued income490/1---€0.001m€0.005m€0.003m€0.003m€31▼ 99.1%
Equity and liabilities
Total equity and liabilities10/49€0.5m€0.7m€0.9m€1.0m€2.6m€2.5m€2.4m€2.0m▼ 18.0%
Equity10/15€0.3m€0.3m€0.4m€0.4m€0.3m€0.4m€0.3m€0.3m▲ 13.9%
Contributions10/11€0.06m€0.06m-€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.2m€0.3m€0.3m€0.3m€0.3m€0.4m€0.2m€0.3m▲ 17.5%
Distributable reserves133---€0.3m€0.3m€0.4m€0.2m€0.3m▲ 17.5%
Profit (loss) carried forward14-----€0.05m----
Amounts payable17/49€0.2m€0.4m€0.5m€0.6m€2.3m€2.1m€2.1m€1.6m▼ 22.5%
Amounts payable after more than one year17€0.01m€0.09m€0.3m€0.4m€1.8m€1.6m€1.4m€1.2m▼ 15.0%
Financial debts170/4---€0.4m€1.8m€1.6m€1.4m€1.2m▼ 15.0%
Amounts payable within one year42/48€0.2m€0.3m€0.2m€0.2m€0.5m€0.5m€0.6m€0.5m▼ 25.1%
Current portion of amounts payable after more than one year42---€0.03m€0.2m€0.2m€0.2m€0.2m▲ 1.7%
Trade debts44€0.004m€0.09m€0.005m€0.004m€0.005m€0.01m€0.02m€0.003m▼ 79.9%
Suppliers440/4---€0.004m€0.005m€0.01m€0.02m€0.003m▼ 79.9%
Taxes, remuneration and social security45---€0.02m€0.04m€0.07m€0.1m€0.05m▼ 45.6%
Taxes450/3---€0.006m€0.01m€0.03m€0.06m€0.05m▼ 18.1%
Remuneration and social security454/9---€0.01m€0.03m€0.04m€0.04m€0.003m▼ 93.0%
Other amounts payable47/48---€0.1m€0.3m€0.2m€0.3m€0.2m▼ 33.3%
Accrued charges and deferred income492/3---€0.006m€0.02m€0.002m€0.1m--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.03m€0.03m€0.03m€0.02m-€0.08m€0.1m€0.1m€0.04m▼ 57.9%
+ Depreciation and write-downs630€0.05m€0.04m€0.04m€0.06m€0.2m€0.2m€0.2m€0.05m▼ 70.4%
Operating cash flow (approximation)€0.08m€0.07m€0.07m€0.07m€0.1m€0.3m€0.3m€0.09m▼ 65.6%
Investment in fixed assets (approximation)--€0.2m-€0.2m-€0.2m-€1.9m-€0.05m-€0.02m€0.8m-
Change in cash-€0.08m-€0.02m-€0.03m-€0.05m€0.03m€0.01m-€0.03m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 28 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 25-09-2026 2026-00523711 NBB
31-12-2024 abbreviated format 30-06-2025 2025-00205633 PDF
31-12-2023 abbreviated format 23-08-2024 2024-00365860 PDF
31-12-2022 micro format 11-08-2023 2023-00324927 PDF
31-12-2021 micro format 23-06-2022 2022-20084701 PDF
31-12-2020 micro format 24-06-2021 2021-23800117 PDF
31-12-2019 micro format 30-11-2020 2020-73500381 PDF
31-12-2018 micro format 18-11-2019 2019-73800247 PDF
31-12-2017 micro format 28-09-2018 2018-67300055 PDF
31-12-2016 micro format 30-10-2017 2017-68400255 PDF

Show all 28 filings

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