Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 19-01-2026 PDF all 34 filings
Equity
€3.2m▼ 0.6%
2024 · €3.2m
Net result
-€17,527
2024 · €229,372
Total assets
€4.3m▼ 0.4%
2024 · €4.4m
Solvency
72.9%▼ 0.1pp
2024 · 73.0%
In the rankings
#2 company by total assets in Zemst, Finance and insurance sector#2 company by equity in Zemst, Finance and insurance sector#3 oldest company in Zemst, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€6,307
2025
20192025
Net result
-€17,527
2025
lowest quarter of the sector
20192025
Equity
€3.2m
▼ 0.6%
2025
highest quarter of the sector
20192025
Total assets
€4.3m
▼ 0.4%
2025
highest quarter of the sector
20192025
Debt
€1.2m
=
2025
20192025
Working capital
-€906,478
▼ 2.0%
2025
lowest quarter of the sector
20192025
Solvency
72.9%
▼ 0.1pp
2025
middle half of the sector
20192025
Current ratio
0.23
▼ 0.02
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-0.4%
▼ 5.7pp
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-€0.1m--€0.006m▲ 94.7%€0.01m€0.02m▲ 83.7%€0.05m▲ 151%€0.2m▲ 345%-€0.006m
Net result€0.2m--€0.02mbelow the sector's middle half-€0.003mbelow the sector's middle half▲ 85.3%€0.005mbelow the sector's middle half€0.03mwithin the sector's middle half▲ 486%€0.2mabove the sector's middle half▲ 688%-€0.02mbelow the sector's middle half
Equity€2.9m-€2.9mabove the sector's middle half▼ 0.8%€2.9mabove the sector's middle half▼ 0.1%€2.9mabove the sector's middle half▲ 0.2%€2.9mabove the sector's middle half▲ 1.0%€3.2mabove the sector's middle half▲ 7.8%€3.2mabove the sector's middle half▼ 0.6%
Total assets€4.5m-€4.5mabove the sector's middle half▼ 1.6%€4.5mabove the sector's middle half▲ 0.2%€4.6mabove the sector's middle half▲ 2.7%€4.4mabove the sector's middle half▼ 4.0%€4.4mwithin the sector's middle half▼ 1.5%€4.3mabove the sector's middle half▼ 0.4%
Debt€1.6m-€1.6m▼ 3.3%€1.6m▲ 0.7%€1.7m▲ 7.5%€1.5m▼ 12.7%€1.2m▼ 20.0%€1.2m=
Working capital-€1.1m--€1.1mbelow the sector's middle half▼ 2.0%-€1.2mbelow the sector's middle half▼ 0.3%-€1.1mbelow the sector's middle half▲ 0.4%-€1.1mbelow the sector's middle half▲ 2.6%-€0.9mbelow the sector's middle half▲ 20.5%-€0.9mbelow the sector's middle half▼ 2.0%
Solvency64.6%-65.2%within the sector's middle half▲ 0.6pp65.0%within the sector's middle half▼ 0.2pp63.4%within the sector's middle half▼ 1.6pp66.7%within the sector's middle half▲ 3.3pp73.0%within the sector's middle half▲ 6.3pp72.9%within the sector's middle half▼ 0.1pp
Current ratio0.30-0.26below the sector's middle half▼ 0.040.26below the sector's middle half=0.32below the sector's middle half▲ 0.050.24below the sector's middle half▼ 0.080.24below the sector's middle half=0.23below the sector's middle half▼ 0.02
Return on assets (ROA)3.6%--0.5%below the sector's middle half▼ 4.1pp-0.1%below the sector's middle half▲ 0.4pp0.1%below the sector's middle half▲ 0.2pp0.7%within the sector's middle half▲ 0.6pp5.3%within the sector's middle half▲ 4.6pp-0.4%below the sector's middle half▼ 5.7pp
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 €6,307, after a profit of €244,009 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€4.1m =
Current assets
€269,643 ▼ 6.2%
Equity and liabilities €4.3m
Equity
€3.2m ▼ 0.6%
Debt
€1.2m =
Debt's share of the balance-sheet total rises from 27.0% to 27.1%. Equity is lower.
Key figures and ratios
ROE
-0.6%▼
2024 · 7.2%
Debt ≤ 1 year
€1.2m=
2024 · €1.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €868 | €28,590 | €993 | €968 | ▼ 2.6% |
| Gross operating margin9900 | -€110,795 | -€5,909 | €11,905 | €22,735 | €83,387 | €245,002 | -€5,339 | - |
| Operating profit (loss)9901 | -€110,795 | -€5,909 | €11,905 | €21,867 | €54,797 | €244,009 | -€6,307 | - |
| Financial income75/76B | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | €299,824 | - | €270 | €0 | - | - | - | - |
| Financial charges65/66B | - | €16,611 | - | €16,903 | €25,692 | €14,637 | €11,221 | ▼ 23.3% |
| Recurring financial charges65 | €23,665 | €16,611 | €15,479 | €16,903 | €25,692 | €14,637 | €11,221 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €165,364 | -€22,520 | -€3,304 | €4,964 | €29,104 | €229,372 | -€17,527 | - |
| Profit (loss) for the period9904 | €165,364 | -€22,520 | -€3,304 | €4,964 | €29,104 | €229,372 | -€17,527 | - |
| Profit (loss) for the period to be appropriated9905 | €165,364 | -€22,520 | -€3,304 | €4,964 | €29,104 | €229,372 | -€17,527 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.5m | €4.5m | €4.5m | €4.6m | €4.4m | €4.4m | €4.3m | ▼ 0.4% |
| Fixed assets21/28 | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | = |
| Financial fixed assets28 | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | = |
| Current assets29/58 | €0.5m | €0.4m | €0.4m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 6.2% |
| Amounts receivable after more than one year29 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other amounts receivable291 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts receivable within one year40/41 | €0.03m | €0.09m | €0.05m | €0.1m | €0.09m | €0.03m | €0.002m | ▼ 93.5% |
| Trade receivables40 | - | €0.05m | - | €0.01m | €0.08m | €0 | €487 | - |
| Other amounts receivable41 | - | €0.04m | - | €0.08m | €0.02m | €0.03m | €0.002m | ▼ 94.9% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.2m | €0.2m | €0.05m | €0.05m | €0.06m | ▲ 29.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.5m | €4.5m | €4.5m | €4.6m | €4.4m | €4.4m | €4.3m | ▼ 0.4% |
| Equity10/15 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | €3.2m | €3.2m | ▼ 0.6% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Revaluation surpluses12 | - | €0.9m | - | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.8m | €1.8m | ▼ 1.0% |
| Non-distributable reserves130/1 | - | €0.05m | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | €0.05m | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | €1.5m | - | €1.5m | €1.5m | €1.8m | €1.8m | ▼ 1.0% |
| Amounts payable17/49 | €1.6m | €1.6m | €1.6m | €1.7m | €1.5m | €1.2m | €1.2m | = |
| Amounts payable within one year42/48 | €1.6m | €1.6m | €1.6m | €1.7m | €1.5m | €1.2m | €1.2m | = |
| Trade debts44 | €0.02m | €0.03m | €0.02m | €286 | €0 | - | - | - |
| Suppliers440/4 | - | €0.03m | - | €286 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.01m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | - | €0.01m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1.5m | - | €1.7m | €1.5m | €1.2m | €1.2m | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | - | - | €86 | €484 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165,364 | -€22,520 | -€3,304 | €4,964 | €29,104 | €229,372 | -€17,527 | - |
| Operating cash flow (approximation) | €165,364 | -€22,520 | -€3,304 | €4,964 | €29,104 | €229,372 | -€17,527 | - |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€137,989 | €43,067 | €77,780 | -€178,835 | -€7,541 | €13,520 | - |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 19-01-2026 | 2026-00012546 | |
| 30-06-2024 | abbreviated format | 27-01-2025 | 2025-00022701 | |
| 30-06-2023 | abbreviated format | 26-01-2024 | 2024-00018062 | |
| 30-06-2022 | abbreviated format | 26-01-2023 | 2023-00005080 | |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-04300294 | |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-02500425 | |
| 30-06-2019 | abbreviated format | 09-01-2020 | 2020-00500477 | |
| 30-06-2018 | abbreviated format | 23-01-2019 | 2019-01900377 | |
| 30-06-2017 | abbreviated format | 15-12-2017 | 2017-71800127 | |
| 30-06-2016 | abbreviated format | 16-01-2017 | 2017-01300314 |