Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 11 filings
Equity
€404,468▲ 0.4%
2024 · €402,894
Net result
€1,574▲ 31×
2024 · €50
Total assets
€434,238▲ 1.3%
2024 · €428,822
Solvency
93.1%▼ 0.8pp
2024 · 94.0%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,159
▲ 96.7%
2025
20182025
Net result
€1,574
▲ 31×
2025
lowest quarter of the sector
20182025
Equity
€404,468
▲ 0.4%
2025
middle half of the sector
20182025
Total assets
€434,238
▲ 1.3%
2025
lowest quarter of the sector
20182025
Debt
€29,770
▲ 14.8%
2025
20182025
Working capital
€13,758
▲ 12.9%
2025
middle half of the sector
20182025
Solvency
93.1%
▼ 0.8pp
2025
highest quarter of the sector
20182025
Current ratio
1.46
▼ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
0.4%
▲ 0.4pp
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€1,974-€2,144▲ 8.6%€2,667▲ 24.4%€2,158▼ 19.1%€1,871▼ 13.3%€1,737▼ 7.2%€2,114▲ 21.7%€4,159▲ 96.7%
Net result€492-€562▲ 14.2%€1,306below the sector's middle half▲ 132%€852below the sector's middle half▼ 34.8%€607below the sector's middle half▼ 28.7%€204below the sector's middle half▼ 66.4%€50below the sector's middle half▼ 75.3%€1,574below the sector's middle half▲ 31×
Equity€399,314-€399,876▲ 0.1%€401,181within the sector's middle half▲ 0.3%€402,033within the sector's middle half▲ 0.2%€402,640within the sector's middle half▲ 0.2%€402,844within the sector's middle half▲ 0.1%€402,894within the sector's middle half=€404,468within the sector's middle half▲ 0.4%
Total assets€415,325-€418,346▲ 0.7%€420,431below the sector's middle half▲ 0.5%€423,344below the sector's middle half▲ 0.7%€425,540below the sector's middle half▲ 0.5%€426,970below the sector's middle half▲ 0.3%€428,822below the sector's middle half▲ 0.4%€434,238below the sector's middle half▲ 1.3%
Debt€16,011-€18,470▲ 15.4%€19,250▲ 4.2%€21,311▲ 10.7%€22,900▲ 7.5%€24,127▲ 5.4%€25,928▲ 7.5%€29,770▲ 14.8%
Working capital€8,604-€9,166▲ 6.5%€10,471within the sector's middle half▲ 14.2%€11,323within the sector's middle half▲ 8.1%€11,930within the sector's middle half▲ 5.4%€12,134within the sector's middle half▲ 1.7%€12,184within the sector's middle half▲ 0.4%€13,758within the sector's middle half▲ 12.9%
Solvency96.1%-95.6%▼ 0.6pp95.4%above the sector's middle half▼ 0.2pp95.0%above the sector's middle half▼ 0.5pp94.6%above the sector's middle half▼ 0.3pp94.3%above the sector's middle half▼ 0.3pp94.0%above the sector's middle half▼ 0.4pp93.1%above the sector's middle half▼ 0.8pp
Current ratio1.54-1.50▼ 0.041.54within the sector's middle half▲ 0.051.53within the sector's middle half▼ 0.011.52within the sector's middle half▼ 0.011.50within the sector's middle half▼ 0.021.47within the sector's middle half▼ 0.031.46within the sector's middle half▼ 0.01
Return on assets (ROA)0.1%-0.1%=0.3%within the sector's middle half▲ 0.2pp0.2%below the sector's middle half▼ 0.1pp0.1%below the sector's middle half▼ 0.1pp0.0%below the sector's middle half▼ 0.1pp0.0%below the sector's middle half=0.4%below the sector's middle half▲ 0.4pp
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 97% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated 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 €434,238
Fixed assets
€390,710 =
Current assets
€43,528 ▲ 14.2%
Equity and liabilities €434,238
Equity
€404,468 ▲ 0.4%
Debt
€29,770 ▲ 14.8%
Debt's share of the balance-sheet total rises from 6.0% to 6.9%. Equity and debt are higher.
Key figures and ratios
ROE
0.4%▲
2024 · 0.0%
Debt ≤ 1 year
€29,770▲
2024 · €25,928
Income taxes
€639▲
2024 · €55
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 |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €410 | €410 | €446 | €449 | €462 | ▲ 2.8% |
| Gross operating margin9900 | €2,384 | €2,553 | €3,076 | €2,567 | €2,281 | €2,183 | €2,563 | €4,621 | ▲ 80.2% |
| Operating profit (loss)9901 | €1,974 | €2,144 | €2,667 | €2,158 | €1,871 | €1,737 | €2,114 | €4,159 | ▲ 96.7% |
| Financial charges65/66B | - | - | - | €870 | €948 | €1,363 | €2,009 | €1,946 | ▼ 3.1% |
| Recurring financial charges65 | €1,027 | €1,167 | €802 | €870 | €948 | €1,363 | €2,009 | €1,946 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €947 | €977 | €1,865 | €1,287 | €923 | €374 | €105 | €2,213 | ▲ 21× |
| Income taxes67/77 | €454 | €414 | €560 | €436 | €316 | €170 | €55 | €639 | ▲ 12× |
| Profit (loss) for the period9904 | €492 | €562 | €1,306 | €852 | €607 | €204 | €50 | €1,574 | ▲ 31× |
| Profit (loss) for the period to be appropriated9905 | €492 | €562 | €1,306 | €852 | €607 | €204 | €50 | €1,574 | ▲ 31× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €415,325 | €418,346 | €420,431 | €423,344 | €425,540 | €426,970 | €428,822 | €434,238 | ▲ 1.3% |
| Fixed assets21/28 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | = |
| Financial fixed assets28 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | €390,710 | = |
| Current assets29/58 | €24,615 | €27,636 | €29,721 | €32,634 | €34,830 | €36,260 | €38,112 | €43,528 | ▲ 14.2% |
| Amounts receivable within one year40/41 | €9,075 | €9,075 | - | - | €103 | €130 | €275 | €12,245 | ▲ 45× |
| Trade receivables40 | - | - | - | - | - | - | - | €12,100 | - |
| Other amounts receivable41 | - | - | - | - | €103 | €130 | €275 | €145 | ▼ 47.4% |
| Cash at bank and in hand54/58 | €15,540 | €18,561 | €29,721 | €32,634 | €34,727 | €36,130 | €37,837 | €31,283 | ▼ 17.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €415,325 | €418,346 | €420,431 | €423,344 | €425,540 | €426,970 | €428,822 | €434,238 | ▲ 1.3% |
| Equity10/15 | €399,314 | €399,876 | €401,181 | €402,033 | €402,640 | €402,844 | €402,894 | €404,468 | ▲ 0.4% |
| Contributions10/11 | €95,000 | €95,000 | - | €95,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Reserves13 | €304,314 | €304,876 | €306,181 | €307,033 | €307,640 | €307,844 | €307,894 | €309,468 | ▲ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €26,773 | €26,773 | €26,773 | €26,773 | €26,773 | = |
| Reserves not available under the articles1311 | - | - | - | €26,773 | €26,773 | €26,773 | €26,773 | €26,773 | = |
| Distributable reserves133 | - | - | - | €280,260 | €280,867 | €281,071 | €281,121 | €282,695 | ▲ 0.6% |
| Amounts payable17/49 | €16,011 | €18,470 | €19,250 | €21,311 | €22,900 | €24,127 | €25,928 | €29,770 | ▲ 14.8% |
| Amounts payable within one year42/48 | €16,011 | €18,470 | €19,250 | €21,311 | €22,900 | €24,127 | €25,928 | €29,770 | ▲ 14.8% |
| Trade debts44 | €269 | €276 | €283 | €290 | €317 | €333 | €0 | €433 | - |
| Suppliers440/4 | - | - | - | €290 | €317 | €333 | €0 | €433 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,192 | €719 | €301 | €596 | €1,733 | ▲ 191% |
| Taxes450/3 | - | - | - | €1,192 | €719 | €301 | €596 | €1,733 | ▲ 191% |
| Other amounts payable47/48 | - | - | - | €19,829 | €21,864 | €23,493 | €25,332 | €27,604 | ▲ 9.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €492 | €562 | €1,306 | €852 | €607 | €204 | €50 | €1,574 | ▲ 31× |
| Operating cash flow (approximation) | €492 | €562 | €1,306 | €852 | €607 | €204 | €50 | €1,574 | ▲ 31× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3,021 | €11,160 | €2,913 | €2,093 | €1,403 | €1,707 | -€6,554 | - |
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 | abbreviated format | 30-06-2026 | 2026-00259619 | |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00251678 | |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00205212 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00212836 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20111646 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-26900416 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27900251 | |
| 31-12-2018 | abbreviated format | 03-07-2019 | 2019-28400482 | |
| 31-12-2017 | abbreviated format | 02-07-2018 | 2018-27400293 | |
| 31-12-2016 | abbreviated format | 03-07-2017 | 2017-27100202 |