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
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,890
▼ 409%
2025
20182025
Net result
-€10,310
▼ 13.1%
2025
lowest quarter of the sector
20182025
Equity
€120,386
▼ 7.9%
2025
middle half of the sector
20182025
Total assets
€231,603
▼ 6.0%
2025
middle half of the sector
20182025
Debt
€111,217
▼ 4.0%
2025
20182025
Working capital
€94,820
▼ 10.5%
2025
middle half of the sector
20182025
Solvency
52.0%
▼ 1.0pp
2025
middle half of the sector
20182025
Current ratio
2.89
▼ 0.07
2025
middle half of the sector
20182025
Return on assets (ROA)
-4.5%
▼ 0.8pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
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.
The operating result for 2025 is a loss of €2,890, larger than the loss of €568 in 2024.
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 |