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ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00542359.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 11 filings
Equity
€11.0m▲ 9.1%
2024 · €10.1m
Total assets
€13.9m▼ 10.2%
2024 · €15.5m
Net result
€911,090▲ 14×
2024 · €67,322
Working capital
€1.3m
2024 · -€2.7m
In the rankings
#4 company by equity in Puurs-Sint-Amands, Professional and technical services sector#7 company by total assets in Puurs-Sint-Amands, Professional and technical services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€77,524
▲ 7.1%
2025
20192025
Net result
€911,090
▲ 14×
2025
highest quarter of the sector
20192025
Equity
€11.0m
▲ 9.1%
2025
highest quarter of the sector
20192025
Total assets
€13.9m
▼ 10.2%
2025
highest quarter of the sector
20192025
Debt
€2.9m
▼ 46.2%
2025
20192025
Working capital
€1.3m
2025
highest quarter of the sector
20192025
Solvency
79.1%
▲ 14.0pp
2025
highest quarter of the sector
20192025
Current ratio
1.46
▲ 0.96
2025
middle half of the sector
20192025
Return on assets (ROA)
6.6%
▲ 6.1pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.1m--€0.07m▲ 39.5%-€0.06m▲ 6.6%-€0.09m▼ 42.2%-€0.1m▼ 25.2%-€0.08m▲ 27.4%-€0.08m▲ 7.1%
Net result-€0.1m--€0.05mbelow the sector's middle half▲ 50.5%€0.1mabove the sector's middle half€1.5mabove the sector's middle half▲ 988%€0.07mabove the sector's middle half▼ 95.0%€0.07mabove the sector's middle half▼ 7.7%€0.9mabove the sector's middle half▲ 14×
Equity€2.4m-€8.3mabove the sector's middle half▲ 249%€8.5mabove the sector's middle half▲ 1.6%€9.9mabove the sector's middle half▲ 17.3%€10.0mabove the sector's middle half▲ 0.7%€10.1mabove the sector's middle half▲ 0.7%€11.0mabove the sector's middle half▲ 9.1%
Total assets€2.4m-€8.3mabove the sector's middle half▲ 247%€10.5mabove the sector's middle half▲ 25.6%€12.3mabove the sector's middle half▲ 17.5%€15.7mabove the sector's middle half▲ 27.4%€15.5mabove the sector's middle half▼ 1.5%€13.9mabove the sector's middle half▼ 10.2%
Debt€0.02m-€0.02m▼ 5.8%€2.0m▲ 102×€2.4m▲ 18.5%€5.7m▲ 138%€5.4m▼ 5.2%€2.9m▼ 46.2%
Working capital€0.5m-€2.5mabove the sector's middle half▲ 393%-€0.2mbelow the sector's middle half-€0.4mbelow the sector's middle half▼ 98.8%-€3.5mbelow the sector's middle half▼ 831%-€2.7mbelow the sector's middle half▲ 23.4%€1.3mabove the sector's middle half
Solvency99.1%-99.8%above the sector's middle half▲ 0.6pp80.7%above the sector's middle half▼ 19.0pp80.6%above the sector's middle half▼ 0.2pp63.7%within the sector's middle half▼ 16.9pp65.1%within the sector's middle half▲ 1.4pp79.1%above the sector's middle half▲ 14.0pp
Current ratio36.30-0.91below the sector's middle half0.84below the sector's middle half▼ 0.060.38below the sector's middle half▼ 0.460.50below the sector's middle half▲ 0.121.46within the sector's middle half▲ 0.96
Return on assets (ROA)-4.6%--0.7%below the sector's middle half▲ 4.0pp1.3%below the sector's middle half▲ 1.9pp11.9%within the sector's middle half▲ 10.6pp0.5%below the sector's middle half▼ 11.4pp0.4%below the sector's middle half=6.6%within the sector's middle half▲ 6.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 €77,524, smaller than the loss of €83,457 in 2024.
Large changes and their cause
- 2023 Net result -95% on 2022. This financial year ran 18 months, the previous one 12.
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 €13.9m
Fixed assets
€9.7m ▼ 24.4%
Current assets
€4.2m ▲ 57.0%
Equity and liabilities €13.9m
Equity
€11.0m ▲ 9.1%
Debt
€2.9m ▼ 46.2%
Debt's share of the balance-sheet total falls from 34.9% to 20.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€73,598▲
2024 · -€79,974
Cash flow
€915,017▲
2024 · €70,804
Debt to equity
0.26▼
2024 · 0.54
ROE
8.3%▲
2024 · 0.7%
Interest coverage
-35.11▼
2024 · 17.00
Debt ≤ 1 year
€2.9m▼
2024 · €5.4m
Income taxes
€93,687▲
2024 · €5,352
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €8,673 | €2,825 | €6,857 |
| Financial fixed assets | €5.0m | €4.7m | €1.4m | €2.2m |
| Depreciation and write-downs of the year | €760 | €2,397 | €3,482 | €3,926 |
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 | - | - | - | - | €0.01m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.004m | €0.001m | €0.001m | €0.002m | €0.003m | €0.004m | ▲ 12.7% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.004m | €0.002m | €0.001m | ▼ 29.8% |
| Gross operating margin9900 | -€0.1m | -€0.06m | -€0.06m | -€0.09m | -€0.1m | -€0.08m | -€0.07m | ▲ 7.4% |
| Operating profit (loss)9901 | -€0.1m | -€0.07m | -€0.06m | -€0.09m | -€0.1m | -€0.08m | -€0.08m | ▲ 7.1% |
| Financial income75/76B | - | - | - | €1.8m | €0.2m | €0.2m | €1.1m | ▲ 616% |
| Recurring financial income75 | €0.004m | €0.02m | €0.2m | €1.8m | €0.2m | €0.2m | €0.09m | ▼ 43.8% |
| Non-recurring financial income76B | - | - | - | - | - | - | €1.0m | - |
| Financial charges65/66B | - | - | - | €0.002m | €0.02m | -€0.005m | €0.002m | - |
| Recurring financial charges65 | €50 | €0.001m | €0.001m | €0.002m | €0.02m | -€0.005m | €0.002m | - |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.05m | €0.1m | €1.7m | €0.1m | €0.07m | €1.0m | ▲ 14× |
| Income taxes67/77 | €393 | €0.001m | €0.001m | €0.3m | €0.03m | €0.005m | €0.09m | ▲ 18× |
| Profit (loss) for the period9904 | -€0.1m | -€0.05m | €0.1m | €1.5m | €0.07m | €0.07m | €0.9m | ▲ 14× |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | -€0.05m | €0.1m | €1.5m | €0.07m | €0.07m | €0.9m | ▲ 14× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.4m | €8.3m | €10.5m | €12.3m | €15.7m | €15.5m | €13.9m | ▼ 10.2% |
| Fixed assets21/28 | €1.9m | €5.9m | €8.7m | €10.3m | €13.5m | €12.8m | €9.7m | ▼ 24.4% |
| Tangible fixed assets22/27 | €0.006m | €0.002m | €0.001m | €158 | €0.006m | €0.006m | €0.009m | ▲ 50.7% |
| Furniture and vehicles24 | - | - | - | €158 | €0.006m | €0.006m | €0.009m | ▲ 50.7% |
| Financial fixed assets28 | €1.9m | €5.9m | €8.7m | €10.3m | €13.5m | €12.8m | €9.7m | ▼ 24.4% |
| Current assets29/58 | €0.5m | €2.5m | €1.8m | €2.0m | €2.2m | €2.7m | €4.2m | ▲ 57.0% |
| Amounts receivable within one year40/41 | €0.08m | €0.08m | €0.09m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 15.8% |
| Trade receivables40 | - | - | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 15.8% |
| Current investments50/53 | €0.04m | €0.001m | €1.3m | €1.7m | €1.4m | €1.2m | €1.0m | ▼ 14.3% |
| Cash at bank and in hand54/58 | €0.4m | €2.4m | €0.3m | €0.2m | €0.6m | €1.3m | €3.0m | ▲ 133% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.02m | €0.06m | €0.05m | ▼ 19.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.4m | €8.3m | €10.5m | €12.3m | €15.7m | €15.5m | €13.9m | ▼ 10.2% |
| Equity10/15 | €2.4m | €8.3m | €8.5m | €9.9m | €10.0m | €10.1m | €11.0m | ▲ 9.1% |
| Contributions10/11 | €2.5m | €8.5m | - | €8.5m | €8.5m | €8.5m | €8.5m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €1.0m | ▲ 19× |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.05m | €0.05m | €0.05m | €1.0m | ▲ 19× |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.1m | €1.4m | €1.4m | €1.5m | €1.5m | = |
| Amounts payable17/49 | €0.02m | €0.02m | €2.0m | €2.4m | €5.7m | €5.4m | €2.9m | ▼ 46.2% |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €2.0m | €2.4m | €5.7m | €5.4m | €2.9m | ▼ 46.5% |
| Trade debts44 | €0.01m | €0.004m | €0.003m | €0.007m | €0.003m | €0.003m | €0.02m | ▲ 587% |
| Suppliers440/4 | - | - | - | €0.007m | €0.003m | €0.003m | €0.02m | ▲ 587% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.03m | €0.03m | €0.07m | ▲ 144% |
| Taxes450/3 | - | - | - | €0.3m | €0.03m | €0.03m | €0.07m | ▲ 144% |
| Other amounts payable47/48 | - | - | - | €2.1m | €5.7m | €5.4m | €2.8m | ▼ 47.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 67.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.05m | €0.1m | €1.5m | €0.07m | €0.07m | €0.9m | ▲ 14× |
| + Depreciation and write-downs630 | €0.01m | €0.004m | €0.001m | €0.001m | €0.002m | €0.003m | €0.004m | ▲ 12.7% |
| Operating cash flow (approximation) | -€0.1m | -€0.05m | €0.1m | €1.5m | €0.08m | €0.07m | €0.9m | ▲ 13× |
| Investment in fixed assets (approximation) | - | -€4.0m | -€2.8m | -€1.7m | -€3.2m | €0.8m | €3.1m | ▲ 311% |
| Change in cash | - | €2.0m | -€2.0m | -€0.2m | €0.5m | €0.6m | €1.7m | ▲ 162% |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00542359 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00509119 | |
| 31-12-2023 | micro format | 31-10-2024 | 2024-00526772 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00013455 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04800206 | |
| 30-06-2020 | abbreviated format | 14-02-2021 | 2021-05300336 | |
| 30-06-2019 | abbreviated format | 25-02-2020 | 2020-05500299 | |
| 30-06-2018 | abbreviated format | 05-01-2019 | 2019-01000332 | |
| 30-06-2017 | abbreviated format | 23-01-2018 | 2018-02000291 | |
| 30-06-2016 | abbreviated format | 30-01-2017 | 2017-02400052 |