Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 6 filings
Equity
€1.7m▲ 29.2%
2024 · €1.3m
Net result
€386,495▲ 52.4%
2024 · €253,559
Total assets
€2.7m▲ 4.2%
2024 · €2.6m
Solvency
63.7%▲ 12.3pp
2024 · 51.4%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€250,969
▲ 9.4%
2025
20202025
Net result
€386,495
▲ 52.4%
2025
highest quarter of the sector
20202025
Equity
€1.7m
▲ 29.2%
2025
highest quarter of the sector
20202025
Total assets
€2.7m
▲ 4.2%
2025
highest quarter of the sector
20202025
Debt
€974,815
▼ 22.2%
2025
20202025
Working capital
-€828,777
▲ 31.8%
2025
lowest quarter of the sector
20202025
Solvency
63.7%
▲ 12.3pp
2025
middle half of the sector
20202025
Current ratio
0.12
▲ 0.12
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
14.4%
▲ 4.6pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.2m-€0.2m=€0.1m▼ 17.9%€0.2m▲ 30.9%€0.2m▲ 23.2%€0.3m▲ 9.4%
Net result€0.6mabove the sector's middle half-€0.4mabove the sector's middle half▼ 29.9%€0.4mabove the sector's middle half▼ 10.0%€0.1mwithin the sector's middle half▼ 68.8%€0.3mabove the sector's middle half▲ 110%€0.4mabove the sector's middle half▲ 52.4%
Equity€0.6mwithin the sector's middle half-€1.0mabove the sector's middle half▲ 69.9%€1.4mabove the sector's middle half▲ 37.0%€1.5mabove the sector's middle half▲ 2.8%€1.3mabove the sector's middle half▼ 10.0%€1.7mabove the sector's middle half▲ 29.2%
Total assets€2.7mabove the sector's middle half-€2.8mabove the sector's middle half▲ 4.1%€2.6mabove the sector's middle half▼ 6.1%€2.7mabove the sector's middle half▲ 1.0%€2.6mabove the sector's middle half▼ 3.2%€2.7mabove the sector's middle half▲ 4.2%
Debt€2.1m-€1.8m▼ 15.3%€1.2m▼ 31.6%€1.2m▼ 1.2%€1.3m▲ 5.2%€1.0m▼ 22.2%
Working capital-€1.9mbelow the sector's middle half--€1.5mbelow the sector's middle half▲ 22.2%-€1.1mbelow the sector's middle half▲ 26.5%-€1.1mbelow the sector's middle half▲ 3.6%-€1.2mbelow the sector's middle half▼ 13.8%-€0.8mbelow the sector's middle half▲ 31.8%
Solvency22.8%within the sector's middle half-37.2%within the sector's middle half▲ 14.4pp54.3%within the sector's middle half▲ 17.1pp55.3%within the sector's middle half▲ 1.0pp51.4%within the sector's middle half▼ 3.9pp63.7%within the sector's middle half▲ 12.3pp
Current ratio0.06below the sector's middle half-0.14below the sector's middle half▲ 0.070.06below the sector's middle half▼ 0.080.08below the sector's middle half▲ 0.020.01below the sector's middle half▼ 0.070.12below the sector's middle half▲ 0.12
Return on assets (ROA)22.7%above the sector's middle half-15.3%within the sector's middle half▼ 7.4pp14.7%within the sector's middle half▼ 0.6pp4.5%within the sector's middle half▼ 10.1pp9.8%within the sector's middle half▲ 5.3pp14.4%within the sector's middle half▲ 4.6pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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 the third rise in a row, after the fall in 2022.
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 €2.7m
Fixed assets
€2.6m =
Current assets
€115,573 ▲ 16×
Equity and liabilities €2.7m
Equity
€1.7m ▲ 29.2%
Debt
€974,815 ▼ 22.2%
Debt's share of the balance-sheet total falls from 48.6% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
22.6%▲
2024 · 19.1%
Debt ≤ 1 year
€944,350▼
2024 · €1.2m
Income taxes
€89,334▲
2024 · €45,074
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €572 | €1,092 | €1,184 | €1,192 | €1,222 | ▲ 2.6% |
| Gross operating margin9900 | €174,201 | €173,834 | €143,337 | €187,403 | €230,637 | €252,191 | ▲ 9.3% |
| Operating profit (loss)9901 | €173,273 | €173,262 | €142,245 | €186,219 | €229,445 | €250,969 | ▲ 9.4% |
| Financial income75/76B | - | €309,617 | €299,600 | €152 | €100,032 | €255,358 | ▲ 155% |
| Recurring financial income75 | €499,345 | €309,617 | €299,600 | €152 | €100,032 | €255,358 | ▲ 155% |
| Financial charges65/66B | - | €19,299 | €32,339 | €31,770 | €30,844 | €30,498 | ▼ 1.1% |
| Recurring financial charges65 | €24,371 | €19,299 | €32,339 | €31,770 | €30,844 | €30,498 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €648,247 | €463,580 | €409,506 | €154,601 | €298,632 | €475,829 | ▲ 59.3% |
| Income taxes67/77 | €36,080 | €34,173 | €22,877 | €33,992 | €45,074 | €89,334 | ▲ 98.2% |
| Profit (loss) for the period9904 | €612,167 | €429,407 | €386,628 | €120,608 | €253,559 | €386,495 | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | €612,167 | €429,407 | €386,628 | €120,608 | €253,559 | €386,495 | ▲ 52.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.7m | €2.8m | €2.6m | €2.7m | €2.6m | €2.7m | ▲ 4.2% |
| Fixed assets21/28 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Financial fixed assets28 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Current assets29/58 | €0.1m | €0.2m | €0.07m | €0.09m | €0.007m | €0.1m | ▲ 16× |
| Amounts receivable within one year40/41 | - | €0.02m | €0.02m | €0.01m | €0 | - | - |
| Other amounts receivable41 | - | €0.02m | €0.02m | €0.01m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.04m | €0.08m | €0.007m | €0.1m | ▲ 16× |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.7m | €2.8m | €2.6m | €2.7m | €2.6m | €2.7m | ▲ 4.2% |
| Equity10/15 | €0.6m | €1.0m | €1.4m | €1.5m | €1.3m | €1.7m | ▲ 29.2% |
| Contributions10/11 | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves13 | €0.6m | €1.0m | €1.4m | €1.5m | €1.3m | €1.7m | ▲ 29.2% |
| Distributable reserves133 | - | €1.0m | €1.4m | €1.5m | €1.3m | €1.7m | ▲ 29.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.1m | €1.8m | €1.2m | €1.2m | €1.3m | €1.0m | ▼ 22.2% |
| Amounts payable within one year42/48 | €2.1m | €1.7m | €1.2m | €1.2m | €1.2m | €0.9m | ▼ 22.7% |
| Trade debts44 | €0.004m | €0.003m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 64.3% |
| Suppliers440/4 | - | €0.003m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 64.3% |
| Taxes, remuneration and social security45 | - | €0.02m | €0 | - | €0.003m | €0.05m | ▲ 18× |
| Taxes450/3 | - | €0.02m | €0 | - | €0.003m | €0.05m | ▲ 18× |
| Other amounts payable47/48 | - | €1.7m | €1.2m | €1.2m | €1.2m | €0.9m | ▼ 26.4% |
| Accrued charges and deferred income492/3 | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 1.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €612,167 | €429,407 | €386,628 | €120,608 | €253,559 | €386,495 | ▲ 52.4% |
| Operating cash flow (approximation) | €612,167 | €429,407 | €386,628 | €120,608 | €253,559 | €386,495 | ▲ 52.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €95,701 | -€178,402 | €38,629 | -€73,748 | €108,373 | - |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00225254 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00206504 | |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00219236 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00187964 | |
| 31-12-2021 | abbreviated format | 17-10-2022 | 2022-20462368 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-42300335 |