Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-01-2026 PDF all 3 filings
Equity
€98,453▲ 3.1%
2024 · €95,497
Net result
€2,955▼ 77.5%
2024 · €13,118
Total assets
€836,654▼ 2.8%
2024 · €860,887
Solvency
11.8%▲ 0.7pp
2024 · 11.1%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€7,603
▼ 62.5%
2025
20232025
Net result
€2,955
▼ 77.5%
2025
lowest quarter of the sector
20232025
Equity
€98,453
▲ 3.1%
2025
lowest quarter of the sector
20232025
Total assets
€836,654
▼ 2.8%
2025
middle half of the sector
20232025
Debt
€738,202
▼ 3.6%
2025
20232025
Working capital
-€644,985
▼ 0.9%
2025
lowest quarter of the sector
20232025
Solvency
11.8%
▲ 0.7pp
2025
lowest quarter of the sector
20232025
Current ratio
0.03
▼ 0.03
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
0.4%
▼ 1.2pp
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€98,499-€20,270▼ 79.4%€7,603▼ 62.5%
Net result€78,379within the sector's middle half-€13,118within the sector's middle half▼ 83.3%€2,955below the sector's middle half▼ 77.5%
Equity€82,379below the sector's middle half-€95,497below the sector's middle half▲ 15.9%€98,453below the sector's middle half▲ 3.1%
Total assets€836,511within the sector's middle half-€860,887within the sector's middle half▲ 2.9%€836,654within the sector's middle half▼ 2.8%
Debt€754,131-€765,390▲ 1.5%€738,202▼ 3.6%
Working capital-€572,491below the sector's middle half--€639,033below the sector's middle half▼ 11.6%-€644,985below the sector's middle half▼ 0.9%
Solvency9.8%below the sector's middle half-11.1%below the sector's middle half▲ 1.2pp11.8%below the sector's middle half▲ 0.7pp
Current ratio0.13below the sector's middle half-0.06below the sector's middle half▼ 0.070.03below the sector's middle half▼ 0.03
Return on assets (ROA)9.4%within the sector's middle half-1.5%within the sector's middle half▼ 7.8pp0.4%below the sector's middle half▼ 1.2pp
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 62% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated 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 €836,654
Fixed assets
€818,314 =
Current assets
€18,340 ▼ 56.9%
Equity and liabilities €836,654
Equity
€98,453 ▲ 3.1%
Debt
€738,202 ▼ 3.6%
Debt's share of the balance-sheet total falls from 88.9% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
3.0%▼
2024 · 13.7%
Debt ≤ 1 year
€663,325▼
2024 · €681,564
Debt > 1 year
€74,877▼
2024 · €83,826
Income taxes
€939▼
2024 · €3,300
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €127,291 | €71,065 | €6,410 |
| Financial fixed assets | €620,000 | - | - |
| Depreciation and write-downs of the year | €4,396 | - | €6,452 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,396 | - | €6,452 | - |
| Other operating charges640/8 | €62 | €62 | €62 | = |
| Gross operating margin9900 | €102,957 | €20,332 | €14,117 | ▼ 30.6% |
| Operating profit (loss)9901 | €98,499 | €20,270 | €7,603 | ▼ 62.5% |
| Financial charges65/66B | €520 | €3,852 | €3,708 | ▼ 3.7% |
| Recurring financial charges65 | €520 | €3,852 | €3,708 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €97,979 | €16,418 | €3,895 | ▼ 76.3% |
| Income taxes67/77 | €19,600 | €3,300 | €939 | ▼ 71.5% |
| Profit (loss) for the period9904 | €78,379 | €13,118 | €2,955 | ▼ 77.5% |
| Profit (loss) for the period to be appropriated9905 | €78,379 | €13,118 | €2,955 | ▼ 77.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €836,511 | €860,887 | €836,654 | ▼ 2.8% |
| Fixed assets21/28 | €747,291 | €818,356 | €818,314 | = |
| Tangible fixed assets22/27 | €127,291 | €198,356 | €198,314 | = |
| Land and buildings22 | - | - | €198,314 | - |
| Assets under construction and advance payments27 | €127,291 | €198,356 | - | - |
| Financial fixed assets28 | €620,000 | €620,000 | €620,000 | = |
| Current assets29/58 | €89,219 | €42,531 | €18,340 | ▼ 56.9% |
| Amounts receivable within one year40/41 | €28,279 | €19,493 | €822 | ▼ 95.8% |
| Trade receivables40 | €6,837 | €67 | €822 | ▲ 12× |
| Other amounts receivable41 | €21,441 | €19,426 | - | - |
| Cash at bank and in hand54/58 | €60,175 | €22,414 | €16,894 | ▼ 24.6% |
| Deferred charges and accrued income490/1 | €765 | €624 | €624 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €836,511 | €860,887 | €836,654 | ▼ 2.8% |
| Equity10/15 | €82,379 | €95,497 | €98,453 | ▲ 3.1% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €78,379 | €91,497 | €94,453 | ▲ 3.2% |
| Amounts payable17/49 | €754,131 | €765,390 | €738,202 | ▼ 3.6% |
| Amounts payable after more than one year17 | €92,421 | €83,826 | €74,877 | ▼ 10.7% |
| Financial debts170/4 | €92,421 | €83,826 | €74,877 | ▼ 10.7% |
| Amounts payable within one year42/48 | €661,711 | €681,564 | €663,325 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €7,579 | €8,595 | €8,949 | ▲ 4.1% |
| Trade debts44 | €7,550 | €1,852 | €2,748 | ▲ 48.4% |
| Suppliers440/4 | €7,550 | €1,852 | €2,748 | ▲ 48.4% |
| Taxes, remuneration and social security45 | €22,678 | €6,424 | €5,619 | ▼ 12.5% |
| Taxes450/3 | €19,600 | €3,300 | €2,476 | ▼ 24.9% |
| Remuneration and social security454/9 | €3,079 | €3,125 | €3,143 | ▲ 0.6% |
| Other amounts payable47/48 | €623,903 | €664,693 | €646,009 | ▼ 2.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,379 | €13,118 | €2,955 | ▼ 77.5% |
| + Depreciation and write-downs630 | €4,396 | - | €6,452 | - |
| Operating cash flow (approximation) | €82,775 | €13,118 | €9,407 | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | -€71,065 | -€6,410 | ▲ 91.0% |
| Change in cash | - | -€37,761 | -€5,520 | ▲ 85.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.