CATALANFIN
ActiveSummary
CATALANFIN has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of €853,683. Equity is growing by about 30% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€853,683▼ 25.1%
2024 · €1.1m
Working capital
-€23.1m▲ 2.3%
2024 · -€23.6m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €109,122 in 2025 against €112,714 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2025
Net result€0.9m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€29.2m
2025
Equity€5.3m
2025
Debt€24.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€23.1m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.1
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.05m--€0.07m▼ 40.5%-€0.05m▲ 30.9%-€0.08m▼ 57.0%-€0.2m▼ 150%-€0.1m▲ 46.6%-€0.1m▼ 7.2%-€0.1m▲ 3.2%
Net result-€0.05m-€0.4m€0.3m▼ 10.2%€0.8m▲ 142%€0.7m▼ 9.3%€0.3m▼ 63.4%€1.1m▲ 329%€0.9m▼ 25.1%
Equity€0.9m-€1.2m▲ 43.2%€1.5m▲ 27.1%€2.4m▲ 51.6%€3.1m▲ 30.9%€3.3m▲ 8.6%€4.5m▲ 34.1%€5.3m▲ 17.9%
Total assets€23.1m-€28.9m▲ 25.2%€29.3m▲ 1.4%€28.2m▼ 3.6%€29.1m▲ 3.1%€28.5m▼ 1.8%€28.8m▲ 1.1%€29.2m▲ 1.4%
Debt€22.2m-€27.6m▲ 24.5%€27.7m▲ 0.2%€25.8m▼ 6.7%€26.0m▲ 0.6%€25.2m▼ 3.1%€24.4m▼ 3.3%€24.0m▼ 1.7%
Working capital-€18.5m-€0.3m€0.5m▲ 43.5%€1.2m▲ 136%€0.5m▼ 53.6%-€23.6m-€23.1m▲ 2.3%
Staff (FTE)10.1▼ 90.0%
Why a figure moved sharply
- 2023 Net result -63% on 2022. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.2m
Fixed assets
€28.6m ▲ 1.0%
Current assets
€681,284 ▲ 23.2%
Equity and liabilities €29.2m
Equity
€5.3m ▲ 17.9%
Debt
€24.0m ▼ 1.7%
Debt's share of the balance-sheet total falls from 84.5% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€108,776▲
2024 · -€112,368
Cash flow
€854,029▼
2024 · €1.1m
Current ratio
0.03▲
2024 · 0.02
Debt to equity
4.53▼
2024 · 5.44
ROE
16.2%▼
2024 · 25.4%
ROA
2.9%▼
2024 · 4.0%
Interest coverage
-0.10▲
2024 · -8.10
Debt ≤ 1 year
€23.7m▼
2024 · €24.2m
Income taxes
€746
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €0.03m | €0.02m | -€288 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €346 | €346 | = |
| Other operating charges640/8 | - | - | - | - | - | €0.02m | €0.02m | €0.02m | ▼ 7.5% |
| Gross operating margin9900 | -€0.05m | -€0.06m | -€0.04m | -€0.07m | -€0.2m | -€0.06m | -€0.09m | -€0.09m | ▲ 2.6% |
| Operating profit (loss)9901 | -€0.05m | -€0.07m | -€0.05m | -€0.08m | -€0.2m | -€0.1m | -€0.1m | -€0.1m | ▲ 3.2% |
| Financial income75/76B | - | - | - | €0.9m | €1.0m | €1.0m | €1.3m | €2.1m | ▲ 62.3% |
| Recurring financial income75 | €0.03m | €0.6m | €0.4m | €0.9m | €1.0m | €1.0m | €1.3m | €2.1m | ▲ 62.3% |
| Financial charges65/66B | - | - | - | €0.05m | €0.03m | €0.6m | €0.01m | €1.1m | ▲ 79× |
| Recurring financial charges65 | €0.03m | €0.1m | €0.03m | €0.05m | €0.03m | €0.6m | €0.01m | €1.1m | ▲ 79× |
| Non-recurring financial charges66B | - | - | - | - | - | €0.08m | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.05m | €0.4m | €0.3m | €0.8m | €0.7m | €0.3m | €1.1m | €0.9m | ▼ 25.1% |
| Income taxes67/77 | - | €0.03m | €0.002m | €0.001m | €313 | - | - | €0.001m | - |
| Profit (loss) for the period9904 | -€0.05m | €0.4m | €0.3m | €0.8m | €0.7m | €0.3m | €1.1m | €0.9m | ▼ 25.1% |
| Profit (loss) for the period to be appropriated9905 | -€0.05m | €0.4m | €0.3m | €0.8m | €0.7m | €0.3m | €1.1m | €0.9m | ▼ 25.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €23.1m | €28.9m | €29.3m | €28.2m | €29.1m | €28.5m | €28.8m | €29.2m | ▲ 1.4% |
| Fixed assets21/28 | €19.3m | €28.0m | €28.5m | €27.3m | €27.5m | €28.0m | €28.3m | €28.6m | ▲ 1.0% |
| Tangible fixed assets22/27 | - | €0.05m | €0.04m | €0.03m | €0.01m | €0.001m | €491 | €145 | ▼ 70.4% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.01m | €0.001m | €491 | €145 | ▼ 70.4% |
| Financial fixed assets28 | €19.3m | €27.9m | €28.5m | €27.3m | €27.5m | €28.0m | €28.3m | €28.6m | ▲ 1.0% |
| Current assets29/58 | €3.7m | €0.9m | €0.7m | €0.9m | €1.6m | €0.6m | €0.6m | €0.7m | ▲ 23.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.5m | €0.5m | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.5m | €0.5m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | €0.6m | ▲ 16.4% |
| Trade receivables40 | - | - | - | - | €0.001m | €0.007m | €0.01m | €0.007m | ▼ 52.6% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.3m | €0.5m | €0.6m | ▲ 18.2% |
| Current investments50/53 | €1.6m | €0.5m | €0.2m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.9m | €0.3m | €0.3m | €0.09m | €0.8m | €0.3m | €0.008m | €0.05m | ▲ 498% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €23.1m | €28.9m | €29.3m | €28.2m | €29.1m | €28.5m | €28.8m | €29.2m | ▲ 1.4% |
| Equity10/15 | €0.9m | €1.2m | €1.5m | €2.4m | €3.1m | €3.3m | €4.5m | €5.3m | ▲ 17.9% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Legal reserve130 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | -€0.05m | €0.3m | €0.6m | €1.4m | €2.2m | €2.4m | €3.6m | €4.4m | ▲ 22.4% |
| Amounts payable17/49 | €22.2m | €27.6m | €27.7m | €25.8m | €26.0m | €25.2m | €24.4m | €24.0m | ▼ 1.7% |
| Amounts payable after more than one year17 | - | €27.6m | €27.3m | €25.2m | €25.4m | €25.0m | - | - | - |
| Other amounts payable178/9 | - | - | - | €25.2m | €25.4m | €25.0m | - | - | - |
| Amounts payable within one year42/48 | €22.2m | - | €0.4m | €0.4m | €0.4m | €0.008m | €24.2m | €23.7m | ▼ 1.7% |
| Financial debts43 | - | - | - | €0.4m | €0.4m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | - | - | - | - |
| Trade debts44 | - | - | - | - | €0.01m | €0.008m | €0.002m | €0.002m | ▼ 10.9% |
| Suppliers440/4 | - | - | - | - | €0.01m | €0.008m | €0.002m | €0.002m | ▼ 10.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.003m | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | €0.003m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €24.2m | €23.7m | ▼ 1.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | €0.4m | €0.3m | €0.8m | €0.7m | €0.3m | €1.1m | €0.9m | ▼ 25.1% |
| + Depreciation and write-downs630 | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €346 | €346 | = |
| Operating cash flow (approximation) | -€0.05m | €0.4m | €0.3m | €0.8m | €0.7m | €0.3m | €1.1m | €0.9m | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | -€8.7m | -€0.6m | €1.2m | -€0.2m | -€0.5m | -€0.3m | -€0.3m | ▲ 14.8% |
| Change in cash | - | -€1.6m | €0.04m | -€0.2m | €0.7m | -€0.5m | -€0.3m | €0.04m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 19-05-2026 | 2026-00114087 |
| 31-12-2024 | full format | 04-06-2025 | 2025-00117967 |
| 31-12-2023 | full format | 26-06-2024 | 2024-00163999 |
| 31-12-2022 | micro format | 07-06-2023 | 2023-00114829 |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20085176 |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21900391 |
| 31-12-2019 | micro format | 04-06-2020 | 2020-14600220 |
| 31-12-2018 | full format | 20-06-2019 | 2019-19900394 |
| 31-12-2017 | full format | 11-01-2018 | 2018-00800568 |
| 31-12-2016 | full format | 27-03-2017 | 2017-07100570 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.