Financials · financial year 2025, abbreviated format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427282.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 2 filings
Equity
€25,994▲ 164%
2024 · €9,847
Net result
€16,147▲ 233%
2024 · €4,847
Total assets
€139,622▼ 1.5%
2024 · €141,773
Solvency
18.6%▲ 11.7pp
2024 · 6.9%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€23,942
▲ 173%
2025
20242025
Net result
€16,147
▲ 233%
2025
middle half of the sector
20242025
Equity
€25,994
▲ 164%
2025
lowest quarter of the sector
20242025
Total assets
€139,622
▼ 1.5%
2025
lowest quarter of the sector
20242025
Debt
€113,628
▼ 13.9%
2025
20242025
Working capital
-€44,441
▼ 1.5%
2025
middle half of the sector
20242025
Solvency
18.6%
▲ 11.7pp
2025
lowest quarter of the sector
20242025
Current ratio
0.25
▼ 0.03
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
11.6%
▲ 8.1pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€8,784-€23,942▲ 173%
Net result€4,847within the sector's middle half-€16,147within the sector's middle half▲ 233%
Equity€9,847below the sector's middle half-€25,994below the sector's middle half▲ 164%
Total assets€141,773within the sector's middle half-€139,622below the sector's middle half▼ 1.5%
Debt€131,926-€113,628▼ 13.9%
Working capital-€43,784below the sector's middle half--€44,441within the sector's middle half▼ 1.5%
Solvency6.9%below the sector's middle half-18.6%below the sector's middle half▲ 11.7pp
Current ratio0.28below the sector's middle half-0.25below the sector's middle half▼ 0.03
Return on assets (ROA)3.4%within the sector's middle half-11.6%within the sector's middle half▲ 8.1pp
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 173% higher than in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €139,622
Fixed assets
€125,000 =
Current assets
€14,622 ▼ 12.8%
Equity and liabilities €139,622
Equity
€25,994 ▲ 164%
Debt
€113,628 ▼ 13.9%
Debt's share of the balance-sheet total falls from 93.1% to 81.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
62.1%▲
2024 · 49.2%
Debt ≤ 1 year
€59,063▼
2024 · €60,557
Debt > 1 year
€54,536▼
2024 · €71,340
Income taxes
€4,215▲
2024 · €1,284
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €125,000 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €120 | - |
| Gross operating margin9900 | €8,784 | €24,062 | ▲ 174% |
| Operating profit (loss)9901 | €8,784 | €23,942 | ▲ 173% |
| Financial charges65/66B | €2,653 | €3,580 | ▲ 34.9% |
| Recurring financial charges65 | €2,653 | €3,580 | ▲ 34.9% |
| Profit (loss) for the period before taxes9903 | €6,131 | €20,362 | ▲ 232% |
| Income taxes67/77 | €1,284 | €4,215 | ▲ 228% |
| Profit (loss) for the period9904 | €4,847 | €16,147 | ▲ 233% |
| Profit (loss) for the period to be appropriated9905 | €4,847 | €16,147 | ▲ 233% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €141,773 | €139,622 | ▼ 1.5% |
| Fixed assets21/28 | €125,000 | €125,000 | = |
| Financial fixed assets28 | €125,000 | €125,000 | = |
| Current assets29/58 | €16,773 | €14,622 | ▼ 12.8% |
| Amounts receivable within one year40/41 | - | €10,702 | - |
| Other amounts receivable41 | - | €10,702 | - |
| Cash at bank and in hand54/58 | €16,773 | €3,920 | ▼ 76.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €141,773 | €139,622 | ▼ 1.5% |
| Equity10/15 | €9,847 | €25,994 | ▲ 164% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €4,847 | €20,994 | ▲ 333% |
| Amounts payable17/49 | €131,926 | €113,628 | ▼ 13.9% |
| Amounts payable after more than one year17 | €71,340 | €54,536 | ▼ 23.6% |
| Financial debts170/4 | €71,340 | €54,536 | ▼ 23.6% |
| Amounts payable within one year42/48 | €60,557 | €59,063 | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | €16,160 | €16,804 | ▲ 4.0% |
| Trade debts44 | €1,126 | €3,547 | ▲ 215% |
| Suppliers440/4 | €1,126 | €3,547 | ▲ 215% |
| Taxes, remuneration and social security45 | €3,598 | €6,212 | ▲ 72.7% |
| Taxes450/3 | €3,598 | €6,212 | ▲ 72.7% |
| Other amounts payable47/48 | €39,673 | €32,500 | ▼ 18.1% |
| Accrued charges and deferred income492/3 | €29 | €29 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,847 | €16,147 | ▲ 233% |
| Operating cash flow (approximation) | €4,847 | €16,147 | ▲ 233% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€12,853 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.