Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 31 filings
Equity
€120,386▼ 7.9%
2024 · €130,696
Net result
-€10,310▼ 13.1%
2024 · -€9,117
Total assets
€231,603▼ 6.0%
2024 · €246,497
Solvency
52.0%▼ 1.0pp
2024 · 53.0%
In the rankings
#9 oldest company in Nieuwpoort, Finance and insurance sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €2,890, larger than the loss of €568 in 2024.
Operating result-€2,890
2025
Net result-€10,310
2025
Total assets€231,603
2025
Equity€120,386
2025
Debt€111,217
2025
Working capital€94,820
2025
Return on assets (ROA)-4.5%
2025
Solvency52.0%
2025
Current ratio2.89
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,541--€13,505€208,744-€1,321-€2,175▼ 64.7%-€5,661▼ 160%-€568▲ 90.0%-€2,890▼ 409%
Net result€11,963--€17,448€144,893above the sector's middle half-€4,703below the sector's middle half-€5,406below the sector's middle half▼ 14.9%-€10,941below the sector's middle half▼ 102%-€9,117below the sector's middle half▲ 16.7%-€10,310below the sector's middle half▼ 13.1%
Equity€78,419-€60,971▼ 22.2%€205,863within the sector's middle half▲ 238%€201,160within the sector's middle half▼ 2.3%€195,754within the sector's middle half▼ 2.7%€139,813within the sector's middle half▼ 28.6%€130,696within the sector's middle half▼ 6.5%€120,386within the sector's middle half▼ 7.9%
Total assets€160,186-€142,669▼ 10.9%€306,060below the sector's middle half▲ 115%€283,259within the sector's middle half▼ 7.5%€272,350within the sector's middle half▼ 3.9%€257,489within the sector's middle half▼ 5.5%€246,497within the sector's middle half▼ 4.3%€231,603within the sector's middle half▼ 6.0%
Debt€81,767-€81,698▼ 0.1%€100,197▲ 22.6%€82,099▼ 18.1%€76,596▼ 6.7%€117,676▲ 53.6%€115,800▼ 1.6%€111,217▼ 4.0%
Working capital€21,405-€13,597▼ 36.5%€178,949within the sector's middle half▲ 13×€172,209above the sector's middle half▼ 3.8%€167,124above the sector's middle half▼ 3.0%€112,752within the sector's middle half▼ 32.5%€105,921within the sector's middle half▼ 6.1%€94,820within the sector's middle half▼ 10.5%
Solvency49.0%-42.7%▼ 6.2pp67.3%within the sector's middle half▲ 24.5pp71.0%within the sector's middle half▲ 3.8pp71.9%within the sector's middle half▲ 0.9pp54.3%within the sector's middle half▼ 17.6pp53.0%within the sector's middle half▼ 1.3pp52.0%within the sector's middle half▼ 1.0pp
Current ratio2.15-1.69▼ 0.465.53above the sector's middle half▲ 3.848.21above the sector's middle half▲ 2.6810.03above the sector's middle half▲ 1.812.94within the sector's middle half▼ 7.082.97within the sector's middle half▲ 0.022.89within the sector's middle half▼ 0.07
Return on assets (ROA)7.5%--12.2%▼ 19.7pp47.3%above the sector's middle half▲ 59.6pp-1.7%below the sector's middle half▼ 49.0pp-2.0%below the sector's middle half▼ 0.3pp-4.2%below the sector's middle half▼ 2.3pp-3.7%below the sector's middle half▲ 0.6pp-4.5%below the sector's middle half▼ 0.8pp
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.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,603
Fixed assets
€86,713 =
Current assets
€144,889 ▼ 9.3%
Equity and liabilities €231,603
Equity
€120,386 ▼ 7.9%
Debt
€111,217 ▼ 4.0%
Debt's share of the balance-sheet total rises from 47.0% to 48.0%. Equity and debt are lower.
Key figures and ratios
ROE
-8.6%▼
2024 · -7.0%
Debt ≤ 1 year
€50,070▼
2024 · €53,863
Debt > 1 year
€55,973=
2024 · €55,973
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,802 | €10,802 | €4,705 | €461 | €461 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,256 | €2,287 | €2,526 | €2,582 | €2,366 | ▼ 8.3% |
| Gross operating margin9900 | €34,339 | €335 | €216,176 | €1,396 | €573 | -€3,135 | €2,014 | -€523 | - |
| Operating profit (loss)9901 | €20,541 | -€13,505 | €208,744 | -€1,321 | -€2,175 | -€5,661 | -€568 | -€2,890 | ▼ 409% |
| Financial charges65/66B | - | - | - | €3,382 | €3,231 | €5,280 | €8,549 | €7,421 | ▼ 13.2% |
| Recurring financial charges65 | €3,933 | €3,943 | €2,294 | €3,382 | €3,231 | €5,280 | €8,549 | €7,421 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €16,608 | -€17,448 | €206,450 | -€4,703 | -€5,406 | -€10,941 | -€9,117 | -€10,310 | ▼ 13.1% |
| Income taxes67/77 | €4,645 | - | €61,558 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €11,963 | -€17,448 | €144,893 | -€4,703 | -€5,406 | -€10,941 | -€9,117 | -€10,310 | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €11,963 | -€17,448 | €144,893 | -€4,703 | -€5,406 | -€10,941 | -€9,117 | -€10,310 | ▼ 13.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €160,186 | €142,669 | €306,060 | €283,259 | €272,350 | €257,489 | €246,497 | €231,603 | ▼ 6.0% |
| Fixed assets21/28 | €120,222 | €109,420 | €87,634 | €87,174 | €86,713 | €86,713 | €86,713 | €86,713 | = |
| Tangible fixed assets22/27 | €120,222 | €109,420 | €87,634 | €87,174 | €86,713 | €86,713 | €86,713 | €86,713 | = |
| Land and buildings22 | - | - | - | €87,174 | €86,713 | €86,713 | €86,713 | €86,713 | = |
| Current assets29/58 | €39,964 | €33,248 | €218,426 | €196,085 | €185,637 | €170,776 | €159,784 | €144,889 | ▼ 9.3% |
| Amounts receivable within one year40/41 | €25,000 | €23,663 | €23,663 | €23,663 | €23,663 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €23,663 | €23,663 | - | - | - | - |
| Cash at bank and in hand54/58 | €14,643 | €7,625 | €192,631 | €167,775 | €154,610 | €162,710 | €151,389 | €136,231 | ▼ 10.0% |
| Deferred charges and accrued income490/1 | - | - | - | €4,647 | €7,364 | €8,066 | €8,394 | €8,659 | ▲ 3.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €160,186 | €142,669 | €306,060 | €283,259 | €272,350 | €257,489 | €246,497 | €231,603 | ▼ 6.0% |
| Equity10/15 | €78,419 | €60,971 | €205,863 | €201,160 | €195,754 | €139,813 | €130,696 | €120,386 | ▼ 7.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €17,000 | €17,000 | €17,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | - | - | - | - |
| Issued capital100 | - | - | - | €62,000 | €62,000 | - | - | - | - |
| Reserves13 | €16,419 | €5,315 | €143,863 | €139,160 | €139,160 | €139,160 | €138,549 | €138,549 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Distributable reserves133 | - | - | - | €132,960 | €132,960 | €139,160 | €138,549 | €138,549 | = |
| Profit (loss) carried forward14 | - | -€6,344 | - | - | -€5,406 | -€16,347 | -€24,852 | -€35,163 | ▼ 41.5% |
| Amounts payable17/49 | €81,767 | €81,698 | €100,197 | €82,099 | €76,596 | €117,676 | €115,800 | €111,217 | ▼ 4.0% |
| Amounts payable after more than one year17 | €57,310 | €55,973 | €55,973 | €55,973 | €55,973 | €55,973 | €55,973 | €55,973 | = |
| Financial debts170/4 | - | - | - | €55,973 | €55,973 | €55,973 | €55,973 | €55,973 | = |
| Amounts payable within one year42/48 | €18,558 | €19,651 | €39,476 | €23,876 | €18,513 | €58,023 | €53,863 | €50,070 | ▼ 7.0% |
| Trade debts44 | €447 | €698 | €95 | €69 | €174 | €118 | €113 | €129 | ▲ 13.3% |
| Suppliers440/4 | - | - | - | €69 | €174 | €118 | €113 | €129 | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | - | - | €964 | €904 | €1,577 | €2,556 | €2,217 | ▼ 13.3% |
| Taxes450/3 | - | - | - | €964 | €904 | €1,577 | €2,556 | €2,217 | ▼ 13.3% |
| Other amounts payable47/48 | - | - | - | €22,842 | €17,435 | €56,328 | €51,193 | €47,724 | ▼ 6.8% |
| Accrued charges and deferred income492/3 | - | - | - | €2,250 | €2,110 | €3,679 | €5,964 | €5,173 | ▼ 13.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,963 | -€17,448 | €144,893 | -€4,703 | -€5,406 | -€10,941 | -€9,117 | -€10,310 | ▼ 13.1% |
| + Depreciation and write-downs630 | €10,802 | €10,802 | €4,705 | €461 | €461 | - | - | - | - |
| Operating cash flow (approximation) | €22,765 | -€6,646 | €149,598 | -€4,243 | -€4,946 | -€10,941 | -€9,117 | -€10,310 | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | €0 | €17,081 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€7,019 | €185,006 | -€24,856 | -€13,165 | €8,100 | -€11,320 | -€15,159 | ▼ 33.9% |
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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00242967 | |
| 31-12-2024 | micro format | 29-06-2025 | 2025-00210122 | |
| 31-12-2023 | micro format | 06-07-2024 | 2024-00228879 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00164596 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20103383 | |
| 31-12-2020 | abbreviated format | 16-07-2021 | 2021-37300251 | |
| 31-12-2019 | abbreviated format | 26-06-2020 | 2020-22700224 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-59100385 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-55700568 | |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-42700173 |