Financials · financial year 2025, full format
2025 annual accounts filed 17 days after the deadline Filed on 17 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00039514.
Annual accounts 2025 filed on 17-02-2026 PDF all 9 filings
Equity
€953,136▲ 261%
2024 · €263,852
Net result
€689,284▲ 460×
2024 · €1,500
Total assets
€1.2m▲ 116%
2024 · €535,095
Solvency
82.6%▲ 33.3pp
2024 · 49.3%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€731,882
2025
20192025
Net result
€689,284
▲ 460×
2025
middle half of the sector
20192025
Equity
€953,136
▲ 261%
2025
lowest quarter of the sector
20192025
Total assets
€1.2m
▲ 116%
2025
lowest quarter of the sector
20192025
Debt
€200,454
▼ 26.1%
2025
20192025
Working capital
€127,137
▼ 44.2%
2025
middle half of the sector
20192025
Solvency
82.6%
▲ 33.3pp
2025
middle half of the sector
20192025
Current ratio
1.63
▼ 0.21
2025
middle half of the sector
20192025
Return on assets (ROA)
59.8%
▲ 59.5pp
2025
highest quarter of the sector
20192025
Staff (FTE)
0
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-€0.02m--€0.03m▼ 30.1%-€0.01m▲ 60.1%-€0.01m▼ 35.7%-€0.04m▼ 211%-€0.02m▲ 61.9%€0.7m
Net result€0.3m-€0.1mwithin the sector's middle half▼ 54.3%-€0.008mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 53.0%-€0.04mbelow the sector's middle half▼ 209%€0.001mwithin the sector's middle half€0.7mwithin the sector's middle half▲ 460×
Equity€0.3m-€0.4mbelow the sector's middle half▲ 46.9%€0.4mbelow the sector's middle half▼ 1.9%€0.3mbelow the sector's middle half▼ 10.7%€0.3mbelow the sector's middle half▼ 16.1%€0.3mbelow the sector's middle half▼ 9.7%€1.0mbelow the sector's middle half▲ 261%
Total assets€0.6m-€0.5mbelow the sector's middle half▼ 11.0%€0.5mbelow the sector's middle half▼ 15.5%€0.4mbelow the sector's middle half▼ 15.5%€0.3mbelow the sector's middle half▼ 17.3%€0.5mbelow the sector's middle half▲ 68.6%€1.2mbelow the sector's middle half▲ 116%
Debt€0.3m-€0.1m▼ 58.1%€0.06m▼ 54.1%€0.04m▼ 44.8%€0.02m▼ 29.2%€0.3m▲ 985%€0.2m▼ 26.1%
Working capital€0.2m-€0.4mwithin the sector's middle half▲ 54.1%€0.4mwithin the sector's middle half▼ 2.1%€0.3mwithin the sector's middle half▼ 11.8%€0.3mwithin the sector's middle half▼ 18.0%€0.2mwithin the sector's middle half▼ 11.1%€0.1mwithin the sector's middle half▼ 44.2%
Solvency44.9%-74.1%within the sector's middle half▲ 29.2pp85.9%above the sector's middle half▲ 11.9pp90.8%above the sector's middle half▲ 4.9pp92.1%above the sector's middle half▲ 1.3pp49.3%within the sector's middle half▼ 42.8pp82.6%within the sector's middle half▲ 33.3pp
Current ratio1.71-3.60above the sector's middle half▲ 1.896.54above the sector's middle half▲ 2.959.86above the sector's middle half▲ 3.3211.26above the sector's middle half▲ 1.401.84within the sector's middle half▼ 9.421.63within the sector's middle half▼ 0.21
Return on assets (ROA)46.1%-23.6%above the sector's middle half▼ 22.4pp-1.7%below the sector's middle half▼ 25.3pp-3.0%below the sector's middle half▼ 1.4pp-11.4%below the sector's middle half▼ 8.3pp0.3%within the sector's middle half▲ 11.7pp59.8%above the sector's middle half▲ 59.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
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 profit of €731,882, after a loss of €16,457 in 2024. It is the highest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€825,999 ▲ 23×
Current assets
€327,591 ▼ 34.4%
Equity and liabilities €1.2m
Equity
€953,136 ▲ 261%
Debt
€200,454 ▼ 26.1%
Debt's share of the balance-sheet total falls from 50.7% to 17.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
72.3%▲
2024 · 0.6%
Debt ≤ 1 year
€200,454▼
2024 · €271,243
Income taxes
€49,999
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,849 |
| Financial fixed assets | - | - | - | €800,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €686,416 | - |
| Other operating charges640/8 | - | - | - | €498 | €363 | €403 | €541 | ▲ 34.3% |
| Gross operating margin9900 | -€19,296 | -€25,644 | -€9,888 | -€13,396 | -€42,815 | -€16,054 | €732,423 | - |
| Operating profit (loss)9901 | -€19,714 | -€25,644 | -€10,236 | -€13,893 | -€43,178 | -€16,457 | €731,882 | - |
| Financial income75/76B | - | - | - | €2,781 | €7,200 | €18,154 | €8,767 | ▼ 51.7% |
| Recurring financial income75 | €297,909 | €152,727 | €2,740 | €2,781 | €7,200 | €18,154 | €8,767 | ▼ 51.7% |
| Financial charges65/66B | - | - | - | €588 | €180 | €197 | €1,367 | ▲ 594% |
| Recurring financial charges65 | €81 | €85 | €152 | €185 | €180 | €197 | €1,367 | ▲ 594% |
| Non-recurring financial charges66B | - | - | - | €403 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €278,114 | €126,998 | -€7,648 | -€11,701 | -€36,158 | €1,500 | €739,283 | ▲ 493× |
| Income taxes67/77 | - | - | - | - | - | - | €49,999 | - |
| Profit (loss) for the period9904 | €278,114 | €126,998 | -€7,648 | -€11,701 | -€36,158 | €1,500 | €689,284 | ▲ 460× |
| Profit (loss) for the period to be appropriated9905 | €278,114 | €126,998 | -€7,648 | -€11,701 | -€36,158 | €1,500 | €689,284 | ▲ 460× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | €0.5m | €1.2m | ▲ 116% |
| Fixed assets21/28 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.8m | ▲ 23× |
| Financial fixed assets28 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.8m | ▲ 23× |
| Current assets29/58 | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.5m | €0.3m | ▼ 34.4% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0.2m | €0.02m | ▼ 92.7% |
| Stocks30/36 | - | - | - | - | - | €0.2m | €0.02m | ▼ 92.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 25.9% |
| Trade receivables40 | - | - | - | - | - | €0.04m | €0.1m | ▲ 171% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.2m | €0.07m | ▼ 65.2% |
| Cash at bank and in hand54/58 | €0.09m | €0.07m | €0.04m | €0.01m | €0.02m | €0.03m | €0.1m | ▲ 292% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.002m | €0.005m | €0.002m | ▼ 59.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | €0.5m | €1.2m | ▲ 116% |
| Equity10/15 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €1.0m | ▲ 261% |
| Contributions10/11 | €0.02m | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.9m | ▲ 283% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.2m | €0.9m | ▲ 283% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.3m | €0.1m | €0.06m | €0.04m | €0.02m | €0.3m | €0.2m | ▼ 26.1% |
| Amounts payable within one year42/48 | €0.3m | €0.1m | €0.06m | €0.04m | €0.02m | €0.3m | €0.2m | ▼ 26.1% |
| Trade debts44 | €0.001m | €0.002m | €0.002m | €0.002m | €0.003m | €0.2m | €0.1m | ▼ 36.1% |
| Suppliers440/4 | - | - | - | €0.002m | €0.003m | €0.2m | €0.1m | ▼ 36.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.002m | €0.009m | €0.05m | ▲ 485% |
| Taxes450/3 | - | - | - | €0.001m | €0.002m | €0.009m | €0.05m | ▲ 485% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.02m | €0.03m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €278,114 | €126,998 | -€7,648 | -€11,701 | -€36,158 | €1,500 | €689,284 | ▲ 460× |
| Operating cash flow (approximation) | €278,114 | €126,998 | -€7,648 | -€11,701 | -€36,158 | €1,500 | €689,284 | ▲ 460× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€790,000 | - |
| Change in cash | - | -€20,493 | -€33,958 | -€23,980 | €5,891 | €10,536 | €88,799 | ▲ 743% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 17-02-2026 | 2026-00039514 | |
| 30-06-2024 | full format | 25-11-2024 | 2024-00603730 | |
| 30-06-2023 | full format | 06-02-2024 | 2024-00026481 | |
| 30-06-2022 | full format | 12-12-2022 | 2022-20535304 | |
| 30-06-2021 | full format | 15-12-2021 | 2021-80200535 | |
| 30-06-2020 | full format | 07-01-2021 | 2021-00400316 | |
| 30-06-2019 | full format | 13-01-2020 | 2020-01100451 | |
| 30-06-2018 | full format | 19-12-2018 | 2018-75100529 | |
| 30-06-2017 | full format | 11-01-2018 | 2018-01000520 |