CBplus
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 5 filings
Equity
-€397,194
2024 · €132,352
Net result
-€529,546
2024 · €539
Total assets
€280,190▼ 65.3%
2024 · €806,376
Solvency
-141.8%▼ 158.2pp
2024 · 16.4%
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€15,264
▼ 4.4%
2025
20212025
Net result
-€529,546
2025
lowest quarter of the sector
20212025
Equity
-€397,194
2025
lowest quarter of the sector
20212025
Total assets
€280,190
▼ 65.3%
2025
lowest quarter of the sector
20212025
Debt
€677,384
▲ 0.5%
2025
20212025
Working capital
-€255,871
▼ 43.0%
2025
lowest quarter of the sector
20212025
Solvency
-141.8%
▼ 158.2pp
2025
lowest quarter of the sector
20212025
Current ratio
0.02
▼ 0.01
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
-189.0%
▼ 189.1pp
2025
lowest quarter of the sector
20212025
Staff (FTE)
0
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,429-€37,729▲ 487%€32,121▼ 14.9%€15,974▼ 50.3%€15,264▼ 4.4%
Net result€74,108within the sector's middle half-€16,218within the sector's middle half▼ 78.1%€62,487within the sector's middle half▲ 285%€539below the sector's middle half▼ 99.1%-€529,546below the sector's middle half
Equity€53,108below the sector's middle half-€69,325below the sector's middle half▲ 30.5%€131,812below the sector's middle half▲ 90.1%€132,352below the sector's middle half▲ 0.4%-€397,194below the sector's middle half
Total assets€900,755within the sector's middle half-€810,108within the sector's middle half▼ 10.1%€808,905within the sector's middle half▼ 0.1%€806,376within the sector's middle half▼ 0.3%€280,190below the sector's middle half▼ 65.3%
Debt€847,648-€740,783▼ 12.6%€677,093▼ 8.6%€674,024▼ 0.5%€677,384▲ 0.5%
Working capital-€45,067within the sector's middle half--€91,656within the sector's middle half▼ 103%-€107,993within the sector's middle half▼ 17.8%-€178,936within the sector's middle half▼ 65.7%-€255,871below the sector's middle half▼ 43.0%
Solvency5.9%below the sector's middle half-8.6%below the sector's middle half▲ 2.7pp16.3%below the sector's middle half▲ 7.7pp16.4%below the sector's middle half▲ 0.1pp-141.8%below the sector's middle half▼ 158.2pp
Current ratio0.69within the sector's middle half-0.10below the sector's middle half▼ 0.590.08below the sector's middle half▼ 0.020.03below the sector's middle half▼ 0.040.02below the sector's middle half▼ 0.01
Return on assets (ROA)8.2%within the sector's middle half-2.0%within the sector's middle half▼ 6.2pp7.7%within the sector's middle half▲ 5.7pp0.1%below the sector's middle half▼ 7.7pp-189.0%below the sector's middle half▼ 189.1pp
Staff (FTE)0within the sector's middle half
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 4% lower than in 2024. It is the third fall in a row.
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 €280,190
Fixed assets
€275,000 ▼ 65.6%
Current assets
€5,190 ▼ 18.6%
Equity and liabilities
Equity-€397,194
Debt€677,384
Equity is negative. Debt (€677,384) exceeds the balance-sheet total (€280,190).
Key figures and ratios
Debt ≤ 1 year
€261,061▲
2024 · €185,312
Debt > 1 year
€416,323▼
2024 · €488,713
Income taxes
€0▼
2024 · €1,348
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €494,296 | €425,469 | - | - | - |
| Debts guaranteed by Belgian public bodies | €375,000 | €375,000 | - | - | - |
| Carrying value of the other pledged assets | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €800,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €390 | €1,598 | €559 | ▼ 65.0% |
| Gross operating margin9900 | €6,429 | €37,729 | €32,511 | €17,572 | €15,823 | ▼ 10.0% |
| Operating profit (loss)9901 | €6,429 | €37,729 | €32,121 | €15,974 | €15,264 | ▼ 4.4% |
| Financial income75/76B | €71,000 | €30 | €50,000 | €0 | €100 | - |
| Recurring financial income75 | €71,000 | €30 | €50,000 | €0 | €100 | - |
| Financial charges65/66B | €2,544 | €15,835 | €14,957 | €14,087 | €544,910 | ▲ 39× |
| Recurring financial charges65 | €2,544 | €15,835 | €14,957 | €14,087 | €19,910 | ▲ 41.3% |
| Non-recurring financial charges66B | - | - | - | - | €525,000 | - |
| Profit (loss) for the period before taxes9903 | €74,885 | €21,925 | €67,163 | €1,887 | -€529,546 | - |
| Income taxes67/77 | €777 | €5,707 | €4,676 | €1,348 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €74,108 | €16,218 | €62,487 | €539 | -€529,546 | - |
| Profit (loss) for the period to be appropriated9905 | €74,108 | €16,218 | €62,487 | €539 | -€529,546 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €900,755 | €810,108 | €808,905 | €806,376 | €280,190 | ▼ 65.3% |
| Fixed assets21/28 | €800,000 | €800,000 | €800,000 | €800,000 | €275,000 | ▼ 65.6% |
| Financial fixed assets28 | €800,000 | €800,000 | €800,000 | €800,000 | €275,000 | ▼ 65.6% |
| Current assets29/58 | €100,755 | €10,108 | €8,905 | €6,376 | €5,190 | ▼ 18.6% |
| Amounts receivable within one year40/41 | €284 | €175 | €1,000 | €0 | - | - |
| Trade receivables40 | - | €175 | €1,000 | €0 | - | - |
| Other amounts receivable41 | €284 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €89,358 | €425 | €3 | €84 | €504 | ▲ 497% |
| Deferred charges and accrued income490/1 | €11,114 | €9,508 | €7,902 | €6,292 | €4,686 | ▼ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €900,755 | €810,108 | €808,905 | €806,376 | €280,190 | ▼ 65.3% |
| Equity10/15 | €53,108 | €69,325 | €131,812 | €132,352 | -€397,194 | - |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €3,108 | €19,325 | €81,812 | €82,352 | €0 | ▼ 100% |
| Distributable reserves133 | €3,108 | €19,325 | €81,812 | €82,352 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | -€447,194 | - |
| Amounts payable17/49 | €847,648 | €740,783 | €677,093 | €674,024 | €677,384 | ▲ 0.5% |
| Amounts payable after more than one year17 | €700,469 | €630,768 | €560,195 | €488,713 | €416,323 | ▼ 14.8% |
| Financial debts170/4 | €700,469 | €630,768 | €560,195 | €488,713 | €416,323 | ▼ 14.8% |
| Amounts payable within one year42/48 | €145,822 | €101,765 | €116,898 | €185,312 | €261,061 | ▲ 40.9% |
| Current portion of amounts payable after more than one year42 | €68,827 | €69,701 | €70,574 | €71,482 | €72,389 | ▲ 1.3% |
| Trade debts44 | €359 | €0 | €581 | €466 | €15 | ▼ 96.7% |
| Suppliers440/4 | €359 | €0 | €581 | €466 | €15 | ▼ 96.7% |
| Taxes, remuneration and social security45 | €2,502 | €14,905 | €21,230 | €11,841 | €9,885 | ▼ 16.5% |
| Taxes450/3 | €2,502 | €14,905 | €21,230 | €11,841 | €9,885 | ▼ 16.5% |
| Other amounts payable47/48 | €74,134 | €17,159 | €24,513 | €101,523 | €178,771 | ▲ 76.1% |
| Accrued charges and deferred income492/3 | €1,356 | €8,250 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,108 | €16,218 | €62,487 | €539 | -€529,546 | - |
| Operating cash flow (approximation) | €74,108 | €16,218 | €62,487 | €539 | -€529,546 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €525,000 | - |
| Change in cash | - | -€88,932 | -€422 | €81 | €420 | ▲ 418% |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00308800 | |
| 31-12-2024 | abbreviated format | 02-07-2025 | 2025-00232656 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00292840 | |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00251587 | |
| 31-12-2021 | abbreviated format | 02-06-2022 | 2022-20048175 |