Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-01-2026 PDF all 22 filings
Equity
€75,562▲ 36.1%
2024 · €55,514
Net result
€379,048▲ 34.7%
2024 · €281,417
Total assets
€2.4m▲ 56.2%
2024 · €1.5m
Solvency
3.2%▼ 0.5pp
2024 · 3.6%
In the rankings
#1 company by total assets in Oudenburg, Finance and insurance sector#4 oldest company in Oudenburg, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€377,864
▲ 30.8%
2025
20192025
Net result
€379,048
▲ 34.7%
2025
highest quarter of the sector
20192025
Equity
€75,562
▲ 36.1%
2025
lowest quarter of the sector
20192025
Total assets
€2.4m
▲ 56.2%
2025
middle half of the sector
20192025
Debt
€2.3m
▲ 57.0%
2025
20192025
Working capital
-€781,802
▲ 2.0%
2025
lowest quarter of the sector
20192025
Solvency
3.2%
▼ 0.5pp
2025
lowest quarter of the sector
20192025
Current ratio
0.66
▲ 0.22
2025
middle half of the sector
20192025
Return on assets (ROA)
15.9%
▼ 2.5pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.09m-€0.2m▲ 114%€0.3m▲ 49.5%€0.2m▼ 36.4%€0.3m▲ 57.1%€0.3m▲ 2.7%€0.4m▲ 30.8%
Net result€0.08m-€0.2mabove the sector's middle half▲ 112%€0.3mabove the sector's middle half▲ 86.3%€0.2mabove the sector's middle half▼ 29.8%€0.3mabove the sector's middle half▲ 42.6%€0.3mabove the sector's middle half▼ 5.3%€0.4mabove the sector's middle half▲ 34.7%
Equity€0.05m-€0.08mbelow the sector's middle half▲ 59.9%€0.08mbelow the sector's middle half=€0.05mbelow the sector's middle half▼ 34.1%€0.06mbelow the sector's middle half▲ 4.3%€0.06mbelow the sector's middle half▲ 0.4%€0.08mbelow the sector's middle half▲ 36.1%
Total assets€0.8m-€0.7mwithin the sector's middle half▼ 13.1%€0.8mwithin the sector's middle half▲ 21.2%€1.1mwithin the sector's middle half▲ 26.6%€1.3mwithin the sector's middle half▲ 18.4%€1.5mwithin the sector's middle half▲ 21.9%€2.4mwithin the sector's middle half▲ 56.2%
Debt€0.7m-€0.6m▼ 19.4%€0.7m▲ 24.4%€1.0m▲ 34.9%€1.2m▲ 19.1%€1.5m▲ 22.9%€2.3m▲ 57.0%
Working capital-€0.3m--€0.3mbelow the sector's middle half▲ 8.8%-€0.3mbelow the sector's middle half▼ 11.7%-€0.4mbelow the sector's middle half▼ 29.9%-€0.4mbelow the sector's middle half▲ 1.4%-€0.8mbelow the sector's middle half▼ 113%-€0.8mbelow the sector's middle half▲ 2.0%
Solvency6.3%-11.6%below the sector's middle half▲ 5.3pp9.6%below the sector's middle half▼ 2.0pp5.0%below the sector's middle half▼ 4.6pp4.4%below the sector's middle half▼ 0.6pp3.6%below the sector's middle half▼ 0.8pp3.2%below the sector's middle half▼ 0.5pp
Current ratio0.44-0.54within the sector's middle half▲ 0.100.60within the sector's middle half▲ 0.060.62within the sector's middle half▲ 0.020.69within the sector's middle half▲ 0.070.44within the sector's middle half▼ 0.250.66within the sector's middle half▲ 0.22
Return on assets (ROA)9.5%-23.1%above the sector's middle half▲ 13.6pp35.5%above the sector's middle half▲ 12.4pp19.7%above the sector's middle half▼ 15.8pp23.7%above the sector's middle half▲ 4.0pp18.4%above the sector's middle half▼ 5.3pp15.9%above the sector's middle half▼ 2.5pp
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 31% 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 €2.4m
Fixed assets
€894,481 ▼ 1.7%
Current assets
€1.5m ▲ 141%
Equity and liabilities €2.4m
Equity
€75,562 ▲ 36.1%
Debt
€2.3m ▲ 57.0%
Debt's share of the balance-sheet total rises from 96.4% to 96.8%. Equity and debt are higher.
Key figures and ratios
ROE
501.6%▼
2024 · 506.9%
Debt ≤ 1 year
€2.3m▲
2024 · €1.4m
Debt > 1 year
€37,117▼
2024 · €56,867
Income taxes
€10,256▼
2024 · €11,031
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 | €53,034 | €3,635 | €39,997 | - |
| Financial fixed assets | - | - | €456,000 | - |
| Depreciation and write-downs of the year | €15,158 | €12,873 | €16,492 | €15,574 |
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 | €19,779 | €10,390 | €15,705 | €15,158 | €12,873 | €16,492 | €15,574 | ▼ 5.6% |
| Other operating charges640/8 | - | - | - | €3,830 | €2,546 | €4,830 | €3,373 | ▼ 30.2% |
| Gross operating margin9900 | €111,844 | €202,472 | €300,403 | €198,100 | €296,777 | €310,264 | €396,811 | ▲ 27.9% |
| Operating profit (loss)9901 | €88,091 | €188,278 | €281,452 | €179,113 | €281,358 | €288,942 | €377,864 | ▲ 30.8% |
| Financial income75/76B | - | - | - | €24,083 | €18,522 | €10,665 | €16,236 | ▲ 52.2% |
| Recurring financial income75 | €3,940 | €7,497 | €19,510 | €24,083 | €18,522 | €10,665 | €16,236 | ▲ 52.2% |
| Financial charges65/66B | - | - | - | €3,716 | €1,672 | €7,159 | €4,796 | ▼ 33.0% |
| Recurring financial charges65 | €16,790 | €26,293 | €3,956 | €3,716 | €1,672 | €7,159 | €4,796 | ▼ 33.0% |
| Profit (loss) for the period before taxes9903 | €75,240 | €169,481 | €297,006 | €199,480 | €298,208 | €292,448 | €389,304 | ▲ 33.1% |
| Transfer from deferred taxes780 | - | - | - | €10,048 | - | - | - | - |
| Income taxes67/77 | €103 | €27 | - | €994 | €918 | €11,031 | €10,256 | ▼ 7.0% |
| Profit (loss) for the period9904 | €75,137 | €159,407 | €297,006 | €208,533 | €297,289 | €281,417 | €379,048 | ▲ 34.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €30,144 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €75,137 | €129,263 | €297,006 | €238,677 | €297,289 | €281,417 | €379,048 | ▲ 34.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.7m | €0.8m | €1.1m | €1.3m | €1.5m | €2.4m | ▲ 56.2% |
| Fixed assets21/28 | €0.6m | €0.4m | €0.4m | €0.4m | €0.4m | €0.9m | €0.9m | ▼ 1.7% |
| Tangible fixed assets22/27 | €0.4m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.1% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.003m | €0.003m | ▼ 10.9% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.001m | €0.003m | €0.002m | ▼ 29.2% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.6m | €0.6m | = |
| Current assets29/58 | €0.2m | €0.3m | €0.4m | €0.6m | €0.8m | €0.6m | €1.5m | ▲ 141% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.6m | €0.6m | €1.2m | ▲ 100% |
| Other amounts receivable291 | - | - | - | €0.2m | €0.6m | €0.6m | €1.2m | ▲ 100% |
| Amounts receivable within one year40/41 | - | €0.1m | €0.3m | €0.5m | €0.2m | €0.005m | €0.3m | ▲ 55× |
| Other amounts receivable41 | - | - | - | €0.5m | €0.2m | €0.005m | €0.3m | ▲ 55× |
| Cash at bank and in hand54/58 | €1 | - | - | €0 | €0 | €0.02m | €0.005m | ▼ 70.0% |
| Deferred charges and accrued income490/1 | - | - | - | €97 | €110 | €115 | €120 | ▲ 4.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.7m | €0.8m | €1.1m | €1.3m | €1.5m | €2.4m | ▲ 56.2% |
| Equity10/15 | €0.05m | €0.08m | €0.08m | €0.05m | €0.06m | €0.06m | €0.08m | ▲ 36.1% |
| Contributions10/11 | €0.006m | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.04m | €0.07m | €0.07m | €0.05m | €0.05m | €0.05m | €0.07m | ▲ 40.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.03m | €0.05m | ▲ 59.0% |
| Provisions and deferred taxes16 | - | €0.01m | €0.01m | - | - | - | - | - |
| Amounts payable17/49 | €0.7m | €0.6m | €0.7m | €1.0m | €1.2m | €1.5m | €2.3m | ▲ 57.0% |
| Amounts payable after more than one year17 | €0.2m | €0.03m | €0.02m | €0.006m | - | €0.06m | €0.04m | ▼ 34.7% |
| Financial debts170/4 | - | - | - | €0.006m | - | €0.06m | €0.04m | ▼ 34.7% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.7m | €1.0m | €1.2m | €1.4m | €2.3m | ▲ 60.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.007m | €0.02m | €0.02m | ▲ 4.7% |
| Financial debts43 | - | - | - | €0.007m | €0.007m | €0.007m | €0.008m | ▲ 2.1% |
| Credit institutions430/8 | - | - | - | €0.007m | €0.007m | €0.007m | €0.008m | ▲ 2.1% |
| Trade debts44 | €0.006m | €0.003m | €0.002m | €0.006m | €0.004m | €0.002m | €0.004m | ▲ 106% |
| Suppliers440/4 | - | - | - | €0.006m | €0.004m | €0.002m | €0.004m | ▲ 106% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.005m | €0.02m | €0.02m | ▼ 10.3% |
| Taxes450/3 | - | - | - | €0.004m | €0.005m | €0.02m | €0.02m | ▼ 10.3% |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.2m | €1.4m | €2.2m | ▲ 62.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,137 | €159,407 | €297,006 | €208,533 | €297,289 | €281,417 | €379,048 | ▲ 34.7% |
| + Depreciation and write-downs630 | €19,779 | €10,390 | €15,705 | €15,158 | €12,873 | €16,492 | €15,574 | ▼ 5.6% |
| Operating cash flow (approximation) | €94,916 | €169,796 | €312,711 | €223,691 | €310,163 | €297,909 | €394,622 | ▲ 32.5% |
| Investment in fixed assets (approximation) | - | €176,741 | -€34,971 | -€53,034 | -€3,635 | -€495,997 | €0 | - |
| Change in cash | - | - | - | - | -€0 | €15,008 | -€10,505 | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 28-01-2026 | 2026-00019013 | |
| 30-06-2024 | abbreviated format | 24-01-2025 | 2025-00012733 | |
| 30-06-2023 | abbreviated format | 30-11-2023 | 2023-00518645 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00013047 | |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-02600323 | |
| 30-06-2020 | abbreviated format | 23-12-2020 | 2020-76800196 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03500452 | |
| 30-06-2018 | abbreviated format | 28-02-2019 | 2019-06000434 | |
| 30-06-2017 | abbreviated format | 17-01-2018 | 2018-01700265 | |
| 30-06-2016 | abbreviated format | 04-01-2017 | 2017-00300011 |