Financials · financial year 2025, micro format
2025 annual accounts filed 46 days after the deadline Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00513405.
Annual accounts 2025 filed on 15-09-2026 at the NBB all 4 filings
Equity
€27,787▼ 72.6%
2024 · €101,346
Net result
€24,440▼ 44.5%
2024 · €44,036
Total assets
€35,569▼ 67.7%
2024 · €110,266
Solvency
78.1%▼ 13.8pp
2024 · 91.9%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€32,416
▼ 46.6%
2025
20222025
Net result
€24,440
▼ 44.5%
2025
middle half of the sector
20222025
Equity
€27,787
▼ 72.6%
2025
lowest quarter of the sector
20222025
Total assets
€35,569
▼ 67.7%
2025
lowest quarter of the sector
20222025
Debt
€7,782
▼ 12.7%
2025
20222025
Working capital
€24,721
▼ 75.1%
2025
middle half of the sector
20222025
Solvency
78.1%
▼ 13.8pp
2025
highest quarter of the sector
20222025
Current ratio
4.18
▼ 7.97
2025
highest quarter of the sector
20222025
Return on assets (ROA)
68.7%
▲ 28.8pp
2025
highest quarter of the sector
20222025
Staff (FTE)
1
▲ 900%
2025
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€37,833-€39,041▲ 3.2%€60,678▲ 55.4%€32,416▼ 46.6%
Net result€26,108within the sector's middle half-€28,203within the sector's middle half▲ 8.0%€44,036within the sector's middle half▲ 56.1%€24,440within the sector's middle half▼ 44.5%
Equity€29,108below the sector's middle half-€57,311within the sector's middle half▲ 96.9%€101,346within the sector's middle half▲ 76.8%€27,787below the sector's middle half▼ 72.6%
Total assets€41,158below the sector's middle half-€68,617below the sector's middle half▲ 66.7%€110,266below the sector's middle half▲ 60.7%€35,569below the sector's middle half▼ 67.7%
Debt€12,050-€11,307▼ 6.2%€8,919▼ 21.1%€7,782▼ 12.7%
Working capital€29,108within the sector's middle half-€56,255within the sector's middle half▲ 93.3%€99,430within the sector's middle half▲ 76.8%€24,721within the sector's middle half▼ 75.1%
Solvency70.7%within the sector's middle half-83.5%above the sector's middle half▲ 12.8pp91.9%above the sector's middle half▲ 8.4pp78.1%above the sector's middle half▼ 13.8pp
Current ratio3.42within the sector's middle half-5.98above the sector's middle half▲ 2.5612.15above the sector's middle half▲ 6.174.18above the sector's middle half▼ 7.97
Return on assets (ROA)63.4%above the sector's middle half-41.1%above the sector's middle half▼ 22.3pp39.9%above the sector's middle half▼ 1.2pp68.7%above the sector's middle half▲ 28.8pp
Staff (FTE)0.11▲ 900%
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 47% lower than in 2024 and the lowest since 2022.
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 €35,569
Fixed assets
€3,066 ▲ 60.0%
Current assets
€32,503 ▼ 70.0%
Equity and liabilities €35,569
Equity
€27,787 ▼ 72.6%
Debt
€7,782 ▼ 12.7%
Debt's share of the balance-sheet total rises from 8.1% to 21.9%. Equity and debt are lower.
Key figures and ratios
ROE
88.0%▲
2024 · 43.5%
Debt ≤ 1 year
€7,782▼
2024 · €8,919
Income taxes
€7,502▼
2024 · €16,475
Staff costs
€30,439▲
2024 · €1,245
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 |
| Average over the year, in full-time equivalents | - | 0.5 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 1 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,249 | €1,209 | €1,900 |
| Depreciation and write-downs of the year | - | €193 | €349 | €750 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,245 | €30,439 | ▲ 24× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €193 | €349 | €750 | ▲ 115% |
| Other operating charges640/8 | €2,154 | €877 | €903 | €931 | ▲ 3.1% |
| Gross operating margin9900 | €39,987 | €40,111 | €63,175 | €64,536 | ▲ 2.2% |
| Operating profit (loss)9901 | €37,833 | €39,041 | €60,678 | €32,416 | ▼ 46.6% |
| Financial charges65/66B | €25 | €304 | €167 | €474 | ▲ 183% |
| Recurring financial charges65 | €25 | €304 | €167 | €474 | ▲ 183% |
| Profit (loss) for the period before taxes9903 | €37,808 | €38,738 | €60,511 | €31,942 | ▼ 47.2% |
| Income taxes67/77 | €11,700 | €10,535 | €16,475 | €7,502 | ▼ 54.5% |
| Profit (loss) for the period9904 | €26,108 | €28,203 | €44,036 | €24,440 | ▼ 44.5% |
| Profit (loss) for the period to be appropriated9905 | €26,108 | €28,203 | €44,036 | €24,440 | ▼ 44.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,158 | €68,617 | €110,266 | €35,569 | ▼ 67.7% |
| Fixed assets21/28 | - | €1,056 | €1,916 | €3,066 | ▲ 60.0% |
| Tangible fixed assets22/27 | - | €1,056 | €1,916 | €3,066 | ▲ 60.0% |
| Furniture and vehicles24 | - | €1,056 | €1,916 | €3,066 | ▲ 60.0% |
| Current assets29/58 | €41,158 | €67,561 | €108,350 | €32,503 | ▼ 70.0% |
| Amounts receivable within one year40/41 | €31,726 | €62,951 | €83,545 | €20,842 | ▼ 75.1% |
| Trade receivables40 | - | - | - | €1,625 | - |
| Other amounts receivable41 | €31,726 | €62,951 | €83,545 | €19,217 | ▼ 77.0% |
| Cash at bank and in hand54/58 | €4,146 | €979 | €14,666 | €11,141 | ▼ 24.0% |
| Deferred charges and accrued income490/1 | €5,286 | €3,631 | €10,138 | €520 | ▼ 94.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,158 | €68,617 | €110,266 | €35,569 | ▼ 67.7% |
| Equity10/15 | €29,108 | €57,311 | €101,346 | €27,787 | ▼ 72.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €26,108 | €54,311 | €98,346 | €24,787 | ▼ 74.8% |
| Amounts payable17/49 | €12,050 | €11,307 | €8,919 | €7,782 | ▼ 12.7% |
| Amounts payable within one year42/48 | €12,050 | €11,307 | €8,919 | €7,782 | ▼ 12.7% |
| Trade debts44 | €350 | €709 | €1,329 | €769 | ▼ 42.1% |
| Suppliers440/4 | €350 | €709 | €1,329 | €769 | ▼ 42.1% |
| Taxes, remuneration and social security45 | €11,700 | €10,598 | €7,591 | €7,014 | ▼ 7.6% |
| Taxes450/3 | €11,700 | €10,598 | €6,500 | - | - |
| Remuneration and social security454/9 | - | - | €1,091 | €7,014 | ▲ 543% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,108 | €28,203 | €44,036 | €24,440 | ▼ 44.5% |
| + Depreciation and write-downs630 | - | €193 | €349 | €750 | ▲ 115% |
| Operating cash flow (approximation) | €26,108 | €28,396 | €44,385 | €25,190 | ▼ 43.2% |
| Investment in fixed assets (approximation) | - | - | -€1,209 | -€1,900 | ▼ 57.2% |
| Change in cash | - | -€3,167 | €13,687 | -€3,525 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.