Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 13 filings
Equity
€285,828▲ 13.6%
2024 · €251,666
Net result
€34,162▼ 78.5%
2024 · €158,764
Total assets
€838,494▲ 12.2%
2024 · €747,003
Solvency
34.1%▲ 0.4pp
2024 · 33.7%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 67% lower than in 2024.
Operating result€69,484
2025
Net result€34,162
2025
Total assets€838,494
2025
Equity€285,828
2025
Debt€552,666
2025
Working capital-€267,798
2025
Return on assets (ROA)4.1%
2025
Solvency34.1%
2025
Current ratio0.33
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
Line2019202020212022202320242025
Operating result€78,192-€45,144▼ 42.3%-€18,430-€5,966▲ 67.6%€13,011€213,242▲ 16×€69,484▼ 67.4%
Net result€39,171-€15,940within the sector's middle half▼ 59.3%-€41,578below the sector's middle half-€28,373below the sector's middle half▲ 31.8%-€5,608below the sector's middle half▲ 80.2%€158,764above the sector's middle half€34,162within the sector's middle half▼ 78.5%
Equity€152,522-€168,462within the sector's middle half▲ 10.5%€126,884within the sector's middle half▼ 24.7%€98,511within the sector's middle half▼ 22.4%€92,903within the sector's middle half▼ 5.7%€251,666within the sector's middle half▲ 171%€285,828within the sector's middle half▲ 13.6%
Total assets€780,724-€773,295within the sector's middle half▼ 1.0%€727,358within the sector's middle half▼ 5.9%€657,221within the sector's middle half▼ 9.6%€626,565within the sector's middle half▼ 4.7%€747,003within the sector's middle half▲ 19.2%€838,494within the sector's middle half▲ 12.2%
Debt€628,202-€604,833▼ 3.7%€600,474▼ 0.7%€558,711▼ 7.0%€533,663▼ 4.5%€495,337▼ 7.2%€552,666▲ 11.6%
Working capital-€326,532--€312,972below the sector's middle half▲ 4.2%-€363,643below the sector's middle half▼ 16.2%-€369,892below the sector's middle half▼ 1.7%-€352,117below the sector's middle half▲ 4.8%-€275,698below the sector's middle half▲ 21.7%-€267,798below the sector's middle half▲ 2.9%
Solvency19.5%-21.8%below the sector's middle half▲ 2.2pp17.4%below the sector's middle half▼ 4.3pp15.0%below the sector's middle half▼ 2.5pp14.8%below the sector's middle half▼ 0.2pp33.7%within the sector's middle half▲ 18.9pp34.1%within the sector's middle half▲ 0.4pp
Current ratio0.11-0.15below the sector's middle half▲ 0.040.09below the sector's middle half▼ 0.060.03below the sector's middle half▼ 0.060.07below the sector's middle half▲ 0.050.22below the sector's middle half▲ 0.140.33below the sector's middle half▲ 0.11
Return on assets (ROA)5.0%-2.1%within the sector's middle half▼ 3.0pp-5.7%below the sector's middle half▼ 7.8pp-4.3%below the sector's middle half▲ 1.4pp-0.9%below the sector's middle half▲ 3.4pp21.3%within the sector's middle half▲ 22.1pp4.1%within the sector's middle half▼ 17.2pp
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 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 €838,494
Fixed assets
€709,338 ▲ 5.8%
Current assets
€129,156 ▲ 68.2%
Equity and liabilities €838,494
Equity
€285,828 ▲ 13.6%
Debt
€552,666 ▲ 11.6%
Debt's share of the balance-sheet total falls from 66.3% to 65.9%. Equity and debt are higher.
Key figures and ratios
ROE
12.0%▼
2024 · 63.1%
Debt ≤ 1 year
€396,953▲
2024 · €352,468
Debt > 1 year
€142,704▲
2024 · €140,481
Income taxes
€17,613▼
2024 · €34,521
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 | €11,588 | - | €108,774 | €97,601 |
| Financial fixed assets | - | - | €3,000 | - |
| Depreciation and write-downs of the year | €56,652 | €48,957 | €39,676 | €58,496 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,343 | €59,587 | €52,450 | €56,652 | €48,957 | €39,676 | €58,496 | ▲ 47.4% |
| Other operating charges640/8 | - | - | - | €5,630 | €3,938 | €6,295 | €10,595 | ▲ 68.3% |
| Gross operating margin9900 | €151,142 | €109,138 | €38,170 | €56,316 | €65,906 | €259,213 | €138,575 | ▼ 46.5% |
| Operating profit (loss)9901 | €78,192 | €45,144 | -€18,430 | -€5,966 | €13,011 | €213,242 | €69,484 | ▼ 67.4% |
| Financial income75/76B | - | - | - | - | €3 | €57 | €99 | ▲ 73.6% |
| Recurring financial income75 | €6 | €2 | €1 | - | €3 | €57 | €99 | ▲ 73.6% |
| Financial charges65/66B | - | - | - | €22,407 | €18,621 | €20,015 | €17,808 | ▼ 11.0% |
| Recurring financial charges65 | €21,700 | €24,258 | €23,149 | €22,407 | €18,621 | €20,015 | €17,808 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €56,497 | €20,889 | -€41,578 | -€28,373 | -€5,607 | €193,285 | €51,775 | ▼ 73.2% |
| Income taxes67/77 | €17,326 | €4,949 | €0 | - | €1 | €34,521 | €17,613 | ▼ 49.0% |
| Profit (loss) for the period9904 | €39,171 | €15,940 | -€41,578 | -€28,373 | -€5,608 | €158,764 | €34,162 | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €39,171 | €15,940 | -€41,578 | -€28,373 | -€5,608 | €158,764 | €34,162 | ▼ 78.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €780,724 | €773,295 | €727,358 | €657,221 | €626,565 | €747,003 | €838,494 | ▲ 12.2% |
| Fixed assets21/28 | €739,887 | €717,732 | €692,157 | €647,093 | €598,136 | €670,234 | €709,338 | ▲ 5.8% |
| Tangible fixed assets22/27 | €739,887 | €717,732 | €692,157 | €647,093 | €598,136 | €667,234 | €706,338 | ▲ 5.9% |
| Land and buildings22 | - | - | - | €647,093 | €598,136 | €667,234 | €631,571 | ▼ 5.3% |
| Furniture and vehicles24 | - | - | - | - | - | - | €74,768 | - |
| Financial fixed assets28 | - | - | - | - | - | €3,000 | €3,000 | = |
| Current assets29/58 | €40,837 | €55,563 | €35,201 | €10,129 | €28,429 | €76,770 | €129,156 | ▲ 68.2% |
| Stocks and contracts in progress3 | - | - | - | - | - | €26,927 | €26,927 | = |
| Stocks30/36 | - | - | - | - | - | €26,927 | €26,927 | = |
| Amounts receivable within one year40/41 | €126 | €5,051 | - | €1,020 | €3,172 | €4,598 | €43,744 | ▲ 851% |
| Trade receivables40 | - | - | - | - | - | - | €33,600 | - |
| Other amounts receivable41 | - | - | - | €1,020 | €3,172 | €4,598 | €10,144 | ▲ 121% |
| Cash at bank and in hand54/58 | €40,711 | €511 | €35,197 | €9,089 | €25,226 | €42,813 | €52,579 | ▲ 22.8% |
| Deferred charges and accrued income490/1 | - | - | - | €19 | €32 | €2,432 | €5,906 | ▲ 143% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €780,724 | €773,295 | €727,358 | €657,221 | €626,565 | €747,003 | €838,494 | ▲ 12.2% |
| Equity10/15 | €152,522 | €168,462 | €126,884 | €98,511 | €92,903 | €251,666 | €285,828 | ▲ 13.6% |
| Contributions10/11 | €35,000 | €35,000 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Reserves13 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Non-distributable reserves130/1 | - | - | - | €3,500 | €3,500 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,500 | €3,500 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €114,022 | €129,962 | €88,384 | €60,011 | €54,403 | €213,166 | €247,328 | ▲ 16.0% |
| Amounts payable17/49 | €628,202 | €604,833 | €600,474 | €558,711 | €533,663 | €495,337 | €552,666 | ▲ 11.6% |
| Amounts payable after more than one year17 | €238,409 | €203,318 | €168,073 | €132,671 | €97,110 | €140,481 | €142,704 | ▲ 1.6% |
| Financial debts170/4 | - | - | - | €132,671 | €97,110 | €140,481 | €142,704 | ▲ 1.6% |
| Amounts payable within one year42/48 | €367,369 | €368,535 | €398,844 | €380,020 | €380,547 | €352,468 | €396,953 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €37,974 | €35,561 | €46,629 | €61,173 | ▲ 31.2% |
| Trade debts44 | €26,020 | €10,566 | €14,233 | - | €3,689 | €3,624 | €19,753 | ▲ 445% |
| Suppliers440/4 | - | - | - | - | €3,689 | €3,624 | €19,753 | ▲ 445% |
| Taxes, remuneration and social security45 | - | - | - | €4,827 | €4,794 | €9,185 | €26,277 | ▲ 186% |
| Taxes450/3 | - | - | - | €4,827 | €4,794 | €9,185 | €22,308 | ▲ 143% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €3,969 | - |
| Other amounts payable47/48 | - | - | - | €337,220 | €336,502 | €293,030 | €289,750 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €46,019 | €56,006 | €2,388 | €13,008 | ▲ 445% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,171 | €15,940 | -€41,578 | -€28,373 | -€5,608 | €158,764 | €34,162 | ▼ 78.5% |
| + Depreciation and write-downs630 | €53,343 | €59,587 | €52,450 | €56,652 | €48,957 | €39,676 | €58,496 | ▲ 47.4% |
| Operating cash flow (approximation) | €92,515 | €75,528 | €10,872 | €28,278 | €43,349 | €198,440 | €92,658 | ▼ 53.3% |
| Investment in fixed assets (approximation) | - | -€37,433 | -€26,875 | -€11,588 | €0 | -€111,774 | -€97,601 | ▲ 12.7% |
| Change in cash | - | -€40,199 | €34,686 | -€26,108 | €16,137 | €17,587 | €9,767 | ▼ 44.5% |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017911 | |
| 30-06-2024 | micro format | 27-12-2024 | 2024-00626551 | |
| 30-06-2023 | micro format | 28-12-2023 | 2023-00538336 | |
| 30-06-2022 | micro format | 15-02-2023 | 2023-00027617 | |
| 30-06-2021 | micro format | 18-02-2022 | 2022-06000260 | |
| 30-06-2020 | micro format | 02-02-2021 | 2021-04800183 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03900507 | |
| 30-06-2018 | micro format | 26-12-2018 | 2018-75800479 | |
| 30-06-2017 | micro format | 23-01-2018 | 2018-02100189 | |
| 30-06-2016 | abbreviated format | 25-01-2017 | 2017-02400596 |