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Private limited companyfounded 2015active for 11 yearsHerreweg 4, 8750 Wingene, BelgiumKBO/BCE: BE 0507.968.313

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 25-03-2026 PDF all 11 filings

Equity
€441,483▲ 16.8%
2024 · €377,871
Net result
€102,039▲ 23.4%
2024 · €82,675
Total assets
€460,110▲ 16.3%
2024 · €395,651
Solvency
96.0%▲ 0.4pp
2024 · 95.5%
Multi-year overview
2018 to 2025, 8 financial years
Operating result
€122,398
▲ 8.7% 2025
20182025
Net result
€102,039
▲ 23.4% 2025
highest quarter of the sector
20182025
Equity
€441,483
▲ 16.8% 2025
highest quarter of the sector
20182025
Total assets
€460,110
▲ 16.3% 2025
middle half of the sector
20182025
Debt
€18,627
▲ 4.8% 2025
20182025
Working capital
€433,413
▲ 17.2% 2025
highest quarter of the sector
20182025
Solvency
96.0%
▲ 0.4pp 2025
highest quarter of the sector
20182025
Current ratio
24.27
▲ 2.47 2025
highest quarter of the sector
20182025
Return on assets (ROA)
22.2%
▲ 1.3pp 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€79,767-€54,837▼ 31.3%€57,822▲ 5.4%€93,883▲ 62.4%€77,764▼ 17.2%€117,444▲ 51.0%€112,581▼ 4.1%€122,398▲ 8.7%
Net result€57,850-€40,050▼ 30.8%€43,098within the sector's middle half▲ 7.6%€68,933within the sector's middle half▲ 59.9%€59,058within the sector's middle half▼ 14.3%€86,065above the sector's middle half▲ 45.7%€82,675above the sector's middle half▼ 3.9%€102,039above the sector's middle half▲ 23.4%
Equity€166,334-€204,760▲ 23.1%€247,858within the sector's middle half▲ 21.0%€287,551within the sector's middle half▲ 16.0%€307,599within the sector's middle half▲ 7.0%€353,164within the sector's middle half▲ 14.8%€377,871within the sector's middle half▲ 7.0%€441,483above the sector's middle half▲ 16.8%
Total assets€185,798-€208,525▲ 12.2%€257,838within the sector's middle half▲ 23.6%€312,481within the sector's middle half▲ 21.2%€338,794within the sector's middle half▲ 8.4%€386,744within the sector's middle half▲ 14.2%€395,651within the sector's middle half▲ 2.3%€460,110within the sector's middle half▲ 16.3%
Debt€19,465-€3,765▼ 80.7%€9,980▲ 165%€24,930▲ 150%€31,196▲ 25.1%€33,580▲ 7.6%€17,781▼ 47.1%€18,627▲ 4.8%
Working capital€163,435-€196,928▲ 20.5%€238,332above the sector's middle half▲ 21.0%€278,504above the sector's middle half▲ 16.9%€297,745above the sector's middle half▲ 6.9%€346,073above the sector's middle half▲ 16.2%€369,827above the sector's middle half▲ 6.9%€433,413above the sector's middle half▲ 17.2%
Solvency89.5%-98.2%▲ 8.7pp96.1%above the sector's middle half▼ 2.1pp92.0%above the sector's middle half▼ 4.1pp90.8%above the sector's middle half▼ 1.2pp91.3%above the sector's middle half▲ 0.5pp95.5%above the sector's middle half▲ 4.2pp96.0%above the sector's middle half▲ 0.4pp
Current ratio9.40-54.09▲ 44.6924.88above the sector's middle half▼ 29.2112.17above the sector's middle half▼ 12.7110.54above the sector's middle half▼ 1.6311.31above the sector's middle half▲ 0.7621.80above the sector's middle half▲ 10.4924.27above the sector's middle half▲ 2.47
Return on assets (ROA)31.1%-19.2%▼ 11.9pp16.7%within the sector's middle half▼ 2.5pp22.1%within the sector's middle half▲ 5.3pp17.4%within the sector's middle half▼ 4.6pp22.3%within the sector's middle half▲ 4.8pp20.9%within the sector's middle half▼ 1.4pp22.2%within the sector's middle half▲ 1.3pp
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 9% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.

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 €460,110
Fixed assets €8,071 ▲ 0.3%
Current assets €452,039 ▲ 16.6%
Equity and liabilities €460,110
Equity €441,483 ▲ 16.8%
Debt €18,627 ▲ 4.8%
Debt's share of the balance-sheet total falls from 4.5% to 4.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
23.1%▲
2024 · 21.9%
Debt ≤ 1 year
€18,627▲
2024 · €17,781
Income taxes
€28,476▼
2024 · €33,299
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€3,059€4,484€1,165€3,859€3,508
Depreciation and write-downs of the year€3,538€3,678€3,928€2,906€3,481

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€395,651€460,110▲
Fixed assets21/28€8,044€8,071▲
Tangible fixed assets22/27€8,044€8,071▲
Plant, machinery and equipment23€4,571€3,884▼
Furniture and vehicles24€313€1,787▲
Other tangible fixed assets26€3,160€2,400▼
Current assets29/58€387,608€452,039▲
Amounts receivable within one year40/41€130,427€112,063▼
Trade receivables40€52,866€33,996▼
Other amounts receivable41€77,562€78,067▲
Current investments50/53€200,000€0▼
Cash at bank and in hand54/58€55,854€339,162▲
Deferred charges and accrued income490/1€1,326€814▼
Equity and liabilities
Total equity and liabilities10/49€395,651€460,110▲
Equity10/15€377,871€441,483▲
Contributions10/11€6,200€6,200=
Reserves13€371,671€435,283▲
Distributable reserves133€371,671€435,283▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€17,781€18,627▲
Amounts payable within one year42/48€17,781€18,627▲
Trade debts44€2,574€12▼
Suppliers440/4€2,574€12▼
Taxes, remuneration and social security45€13,489€18,614▲
Taxes450/3€13,489€18,614▲
Other amounts payable47/48€1,718€0▼
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,906€3,481▲
Other operating charges640/8€1,196€975▼
Gross operating margin9900€116,682€126,854▲
Operating profit (loss)9901€112,581€122,398▲
Financial income75/76B€5,880€10,128▲
Recurring financial income75€5,880€10,128▲
Financial charges65/66B€2,486€2,011▼
Recurring financial charges65€2,486€2,011▼
Profit (loss) for the period before taxes9903€115,975€130,515▲
Income taxes67/77€33,299€28,476▼
Profit (loss) for the period9904€82,675€102,039▲
Profit (loss) for the period to be appropriated9905€82,675€102,039▲
Appropriation of the result
Profit (loss) to be appropriated9906€82,675€102,039▲
Transfer from equity791/2€56,250€38,426▼
Transfer to equity691/2€80,957€102,039▲
To other reserves6921€80,957€102,039▲
Profit to be distributed694/7€57,968€38,426▼
Return on contributions (dividend)694€57,968€38,426▼

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 25-03-2026.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€3,388€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,650€2,421€2,338€3,538€3,678€3,928€2,906€3,481▲ 19.8%
Other operating charges640/8---€854€859€1,258€1,196€975▼ 18.4%
Gross operating margin9900€82,830€58,097€61,008€98,275€82,301€122,630€116,682€126,854▲ 8.7%
Operating profit (loss)9901€79,767€54,837€57,822€93,883€77,764€117,444€112,581€122,398▲ 8.7%
Financial income75/76B---€5,044€7,338€5,362€5,880€10,128▲ 72.2%
Recurring financial income75€2,639€4,100€4,928€5,044€7,338€5,362€5,880€10,128▲ 72.2%
Financial charges65/66B---€1,218€933€1,878€2,486€2,011▼ 19.1%
Recurring financial charges65€1,311€1,785€1,518€1,218€933€1,878€2,486€2,011▼ 19.1%
Profit (loss) for the period before taxes9903€81,095€57,152€61,231€97,710€84,169€120,927€115,975€130,515▲ 12.5%
Income taxes67/77€23,244€17,102€18,133€28,777€25,112€34,863€33,299€28,476▼ 14.5%
Profit (loss) for the period9904€57,850€40,050€43,098€68,933€59,058€86,065€82,675€102,039▲ 23.4%
Profit (loss) for the period to be appropriated9905€57,850€40,050€43,098€68,933€59,058€86,065€82,675€102,039▲ 23.4%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€185,798€208,525€257,838€312,481€338,794€386,744€395,651€460,110▲ 16.3%
Fixed assets21/28€2,907€7,888€9,527€9,048€9,854€7,091€8,044€8,071▲ 0.3%
Tangible fixed assets22/27€2,907€7,888€9,527€9,048€9,854€7,091€8,044€8,071▲ 0.3%
Plant, machinery and equipment23---€2,868€2,933€2,456€4,571€3,884▼ 15.0%
Furniture and vehicles24---€3,766€2,241€715€313€1,787▲ 471%
Other tangible fixed assets26---€2,414€4,680€3,920€3,160€2,400▼ 24.1%
Current assets29/58€182,891€200,637€248,312€303,434€328,940€379,653€387,608€452,039▲ 16.6%
Amounts receivable within one year40/41€60,252€73,501€80,452€122,979€134,626€117,733€130,427€112,063▼ 14.1%
Trade receivables40---€19,260€19,957€31,155€52,866€33,996▼ 35.7%
Other amounts receivable41---€103,719€114,668€86,578€77,562€78,067▲ 0.7%
Current investments50/53------€200,000€0▼ 100%
Cash at bank and in hand54/58€119,741€124,483€164,687€177,339€191,430€258,773€55,854€339,162▲ 507%
Deferred charges and accrued income490/1---€3,116€2,884€3,147€1,326€814▼ 38.6%
Equity and liabilities
Total equity and liabilities10/49€185,798€208,525€257,838€312,481€338,794€386,744€395,651€460,110▲ 16.3%
Equity10/15€166,334€204,760€247,858€287,551€307,599€353,164€377,871€441,483▲ 16.8%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€160,134€198,560€241,658€281,351€301,399€346,964€371,671€435,283▲ 17.1%
Non-distributable reserves130/1---€1,860€1,860€0---
Reserves not available under the articles1311---€1,860€1,860€0---
Distributable reserves133---€279,491€299,539€346,964€371,671€435,283▲ 17.1%
Profit (loss) carried forward14---€0€0€0€0€0-
Amounts payable17/49€19,465€3,765€9,980€24,930€31,196€33,580€17,781€18,627▲ 4.8%
Amounts payable within one year42/48€19,456€3,709€9,980€24,930€31,196€33,580€17,781€18,627▲ 4.8%
Trade debts44€6,530€2,085€2,262€5,836€4,804€1,647€2,574€12▼ 99.5%
Suppliers440/4---€5,836€4,804€1,647€2,574€12▼ 99.5%
Taxes, remuneration and social security45---€17,494€24,792€30,267€13,489€18,614▲ 38.0%
Taxes450/3---€17,494€24,792€30,267€13,489€18,614▲ 38.0%
Other amounts payable47/48---€1,600€1,600€1,666€1,718€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€57,850€40,050€43,098€68,933€59,058€86,065€82,675€102,039▲ 23.4%
+ Depreciation and write-downs630€1,650€2,421€2,338€3,538€3,678€3,928€2,906€3,481▲ 19.8%
Operating cash flow (approximation)€59,500€42,472€45,436€72,470€62,736€89,992€85,581€105,520▲ 23.3%
Investment in fixed assets (approximation)--€7,402-€3,976-€3,059-€4,484-€1,165-€3,859-€3,508▲ 9.1%
Change in cash-€4,742€40,204€12,652€14,091€67,342-€202,918€283,308-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 25-03-2026 2026-00061600 PDF
31-12-2024 micro format 23-06-2025 2025-00164865 PDF
31-12-2023 micro format 29-05-2024 2024-00100375 PDF
31-12-2022 micro format 14-06-2023 2023-00125675 PDF
31-12-2021 micro format 30-06-2022 2022-20152635 PDF
31-12-2020 micro format 11-06-2021 2021-20200036 PDF
31-12-2019 micro format 27-08-2020 2020-46600582 PDF
31-12-2018 micro format 27-08-2019 2019-52700422 PDF
31-12-2017 micro format 31-08-2018 2018-61600385 PDF
31-12-2016 micro format 28-08-2017 2017-51200078 PDF

Show all 11 filings

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