Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-11-2025 PDF all 18 filings
Equity
€47,110▲ 19.6%
2024 · €39,404
Net result
€7,706
2024 · -€10,083
Total assets
€111,672▼ 10.7%
2024 · €125,044
Solvency
42.2%▲ 10.7pp
2024 · 31.5%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€11,573
2025
20192025
Net result
€7,706
2025
middle half of the sector
20192025
Equity
€47,110
▲ 19.6%
2025
middle half of the sector
20192025
Total assets
€111,672
▼ 10.7%
2025
lowest quarter of the sector
20192025
Debt
€64,562
▼ 24.6%
2025
20192025
Working capital
€40,671
▲ 75.9%
2025
middle half of the sector
20192025
Solvency
42.2%
▲ 10.7pp
2025
middle half of the sector
20192025
Current ratio
2.31
▲ 0.86
2025
middle half of the sector
20192025
Return on assets (ROA)
6.9%
▲ 15.0pp
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€2,281--€6,136€12,963€26,988▲ 108%€101▼ 99.6%-€6,041€11,573
Net result-€1,720--€7,978below the sector's middle half▼ 364%€9,664within the sector's middle half€18,086within the sector's middle half▲ 87.2%-€3,603below the sector's middle half-€10,083below the sector's middle half▼ 180%€7,706within the sector's middle half
Equity€61,686-€53,708within the sector's middle half▼ 12.9%€63,372within the sector's middle half▲ 18.0%€53,090within the sector's middle half▼ 16.2%€49,487within the sector's middle half▼ 6.8%€39,404below the sector's middle half▼ 20.4%€47,110within the sector's middle half▲ 19.6%
Total assets€117,490-€101,937below the sector's middle half▼ 13.2%€113,086below the sector's middle half▲ 10.9%€168,610within the sector's middle half▲ 49.1%€140,193within the sector's middle half▼ 16.9%€125,044below the sector's middle half▼ 10.8%€111,672below the sector's middle half▼ 10.7%
Debt€55,804-€48,229▼ 13.6%€49,714▲ 3.1%€115,519▲ 132%€90,706▼ 21.5%€85,640▼ 5.6%€64,562▼ 24.6%
Working capital€34,667-€34,021within the sector's middle half▼ 1.9%€43,794within the sector's middle half▲ 28.7%€20,705within the sector's middle half▼ 52.7%€20,433within the sector's middle half▼ 1.3%€23,122within the sector's middle half▲ 13.2%€40,671within the sector's middle half▲ 75.9%
Solvency52.5%-52.7%within the sector's middle half▲ 0.2pp56.0%within the sector's middle half▲ 3.4pp31.5%within the sector's middle half▼ 24.6pp35.3%within the sector's middle half▲ 3.8pp31.5%within the sector's middle half▼ 3.8pp42.2%within the sector's middle half▲ 10.7pp
Current ratio1.67-1.73within the sector's middle half▲ 0.061.91within the sector's middle half▲ 0.181.25within the sector's middle half▼ 0.671.35within the sector's middle half▲ 0.111.44within the sector's middle half▲ 0.092.31within the sector's middle half▲ 0.86
Return on assets (ROA)-1.5%--7.8%below the sector's middle half▼ 6.4pp8.5%within the sector's middle half▲ 16.4pp10.7%within the sector's middle half▲ 2.2pp-2.6%below the sector's middle half▼ 13.3pp-8.1%below the sector's middle half▼ 5.5pp6.9%within the sector's middle half▲ 15.0pp
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 a profit of €11,573, after a loss of €6,041 in 2024. It is the highest result since 2022.
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 €111,672
Fixed assets
€39,866 ▼ 19.9%
Current assets
€71,806 ▼ 4.6%
Equity and liabilities €111,672
Equity
€47,110 ▲ 19.6%
Debt
€64,562 ▼ 24.6%
Debt's share of the balance-sheet total falls from 68.5% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.4%▲
2024 · -25.6%
Debt ≤ 1 year
€31,135▼
2024 · €52,162
Debt > 1 year
€30,000=
2024 · €30,000
Income taxes
€151▼
2024 · €175
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 | €52,697 | €12,946 | €4,995 | €8,396 |
| Depreciation and write-downs of the year | €9,575 | €15,316 | €17,181 | €18,290 |
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 | €14,064 | €9,975 | €3,241 | €9,575 | €15,316 | €17,181 | €18,290 | ▲ 6.5% |
| Other operating charges640/8 | - | - | - | €10,413 | €10,541 | €11,221 | €1,007 | ▼ 91.0% |
| Gross operating margin9900 | €17,684 | €4,605 | €22,246 | €46,976 | €25,959 | €22,362 | €30,870 | ▲ 38.0% |
| Operating profit (loss)9901 | €2,281 | -€6,136 | €12,963 | €26,988 | €101 | -€6,041 | €11,573 | - |
| Financial income75/76B | - | - | - | €1 | €5 | €235 | €299 | ▲ 27.5% |
| Recurring financial income75 | - | €1 | €4 | €1 | €5 | €235 | €299 | ▲ 27.5% |
| Financial charges65/66B | - | - | - | €2,020 | €3,523 | €4,102 | €4,015 | ▼ 2.1% |
| Recurring financial charges65 | €3,754 | €1,693 | €1,879 | €2,020 | €3,523 | €4,102 | €4,015 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | -€1,473 | -€7,829 | €11,088 | €24,969 | -€3,416 | -€9,909 | €7,858 | - |
| Income taxes67/77 | €248 | €150 | €1,425 | €6,882 | €187 | €175 | €151 | ▼ 13.4% |
| Profit (loss) for the period9904 | -€1,720 | -€7,978 | €9,664 | €18,086 | -€3,603 | -€10,083 | €7,706 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,720 | -€7,978 | €9,664 | €18,086 | -€3,603 | -€10,083 | €7,706 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €117,490 | €101,937 | €113,086 | €168,610 | €140,193 | €125,044 | €111,672 | ▼ 10.7% |
| Fixed assets21/28 | €30,711 | €21,314 | €21,351 | €64,316 | €61,946 | €49,760 | €39,866 | ▼ 19.9% |
| Tangible fixed assets22/27 | €30,686 | €21,289 | €21,351 | €64,316 | €61,946 | €49,760 | €39,866 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,311 | €1,828 | €7,656 | ▲ 319% |
| Furniture and vehicles24 | - | - | - | €47,338 | €43,779 | €33,498 | €20,923 | ▼ 37.5% |
| Other tangible fixed assets26 | - | - | - | €16,978 | €16,856 | €14,434 | €11,287 | ▼ 21.8% |
| Financial fixed assets28 | €25 | €25 | €0 | - | - | - | - | - |
| Current assets29/58 | €86,779 | €80,623 | €91,735 | €104,293 | €78,246 | €75,284 | €71,806 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €9,913 | €4,159 | €726 | €14,315 | €8,362 | €3,153 | €10,243 | ▲ 225% |
| Trade receivables40 | - | - | - | €13,803 | €8,349 | €965 | €9,305 | ▲ 864% |
| Other amounts receivable41 | - | - | - | €512 | €13 | €2,188 | €938 | ▼ 57.1% |
| Cash at bank and in hand54/58 | €75,343 | €71,921 | €87,650 | €87,118 | €64,904 | €68,759 | €59,354 | ▼ 13.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,860 | €4,981 | €3,372 | €2,208 | ▼ 34.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €117,490 | €101,937 | €113,086 | €168,610 | €140,193 | €125,044 | €111,672 | ▼ 10.7% |
| Equity10/15 | €61,686 | €53,708 | €63,372 | €53,090 | €49,487 | €39,404 | €47,110 | ▲ 19.6% |
| Contributions10/11 | €18,600 | €0 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €32,947 | €32,947 | €42,611 | €34,490 | €34,490 | €34,490 | €32,630 | ▼ 5.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €32,630 | €32,630 | €34,490 | €32,630 | ▼ 5.4% |
| Profit (loss) carried forward14 | €10,139 | €2,161 | €2,161 | €0 | -€3,603 | -€13,686 | -€4,120 | ▲ 69.9% |
| Amounts payable17/49 | €55,804 | €48,229 | €49,714 | €115,519 | €90,706 | €85,640 | €64,562 | ▼ 24.6% |
| Amounts payable after more than one year17 | - | - | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Financial debts170/4 | - | - | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Amounts payable within one year42/48 | €52,112 | €46,602 | €47,941 | €83,589 | €57,814 | €52,162 | €31,135 | ▼ 40.3% |
| Trade debts44 | €7,014 | €1,482 | €1,035 | €2,106 | €3,717 | €888 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €2,106 | €3,717 | €888 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €4,006 | €1,725 | €2,841 | €2,476 | ▼ 12.8% |
| Taxes450/3 | - | - | - | €4,006 | €1,725 | €2,841 | €2,476 | ▼ 12.8% |
| Other amounts payable47/48 | - | - | - | €77,477 | €52,371 | €48,433 | €28,658 | ▼ 40.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1,931 | €2,892 | €3,478 | €3,427 | ▼ 1.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,720 | -€7,978 | €9,664 | €18,086 | -€3,603 | -€10,083 | €7,706 | - |
| + Depreciation and write-downs630 | €14,064 | €9,975 | €3,241 | €9,575 | €15,316 | €17,181 | €18,290 | ▲ 6.5% |
| Operating cash flow (approximation) | €12,344 | €1,996 | €12,905 | €27,661 | €11,713 | €7,098 | €25,996 | ▲ 266% |
| Investment in fixed assets (approximation) | - | -€578 | -€3,278 | -€52,541 | -€12,946 | -€4,995 | -€8,396 | ▼ 68.1% |
| Change in cash | - | -€3,422 | €15,729 | -€532 | -€22,215 | €3,855 | -€9,404 | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 03-11-2025 | 2025-00562712 | |
| 30-06-2024 | micro format | 19-11-2024 | 2024-00601723 | |
| 30-06-2023 | micro format | 25-10-2023 | 2023-00504494 | |
| 30-06-2022 | micro format | 14-12-2022 | 2022-20542905 | |
| 30-06-2021 | micro format | 23-12-2021 | 2021-81700421 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76700284 | |
| 30-06-2019 | micro format | 28-01-2020 | 2020-02400316 | |
| 30-06-2018 | micro format | 06-02-2019 | 2019-04600221 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04400143 | |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-71100572 |