Summary
Census 29 has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €741,761 and a net result of €470,624. Equity is growing by about 87% per year across the filed financial years. Its solvency ranks better than 60% of 11,191 sector peers (NACE 68, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Turnover
€130,496
EBIT margin
23.8%
Net result
€470,624▲ 48.5%
2024 · €316,908
Working capital
-€226,907
2024 · €52,903
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 12% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.7m
2025
Equity€0.7m
2025
Debt€1.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)27.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency43.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.45
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.1m
Operating result€0.002m-€0.03m▲ 15×€0.01m▼ 57.7%€0.06m▲ 339%€0.1m▲ 110%€0.2m▲ 37.4%€0.2m▲ 15.5%€0.2m▼ 12.4%
Net result€40-€0.02m▲ 584×€0.009mwithin the sector's middle half▼ 60.2%€0.04mabove the sector's middle half▲ 379%€0.08mabove the sector's middle half▲ 70.4%€0.1mabove the sector's middle half▲ 86.0%€0.3mabove the sector's middle half▲ 123%€0.5mabove the sector's middle half▲ 48.5%
EBIT margin23.8%
Equity€0.006m-€0.03m▲ 377%€0.04mwithin the sector's middle half▲ 31.5%€0.08mwithin the sector's middle half▲ 115%€0.1mwithin the sector's middle half▲ 35.7%€0.3mwithin the sector's middle half▲ 125%€0.6mabove the sector's middle half▲ 123%€0.7mwithin the sector's middle half▲ 29.9%
Total assets€0.03m-€0.06m▲ 131%€0.06mbelow the sector's middle half▲ 7.2%€0.1mbelow the sector's middle half▲ 91.2%€1.6mabove the sector's middle half▲ 13×€1.6mabove the sector's middle half▲ 3.2%€1.8mabove the sector's middle half▲ 8.2%€1.7mwithin the sector's middle half▼ 4.7%
Debt€0.02m-€0.03m▲ 50.6%€0.02m▼ 17.8%€0.04m▲ 52.7%€1.5m▲ 41×€1.4m▼ 6.2%€1.2m▼ 13.0%€1.0m▼ 21.0%
Working capital-€0.001m-€0.02m€0.03mwithin the sector's middle half▲ 65.5%€0.07mwithin the sector's middle half▲ 157%-€0.05mwithin the sector's middle half€0.02mwithin the sector's middle half€0.05mwithin the sector's middle half▲ 118%-€0.2mbelow the sector's middle half
Solvency24.5%-50.7%▲ 26.2pp62.2%within the sector's middle half▲ 11.5pp69.8%above the sector's middle half▲ 7.6pp7.1%within the sector's middle half▼ 62.6pp15.6%within the sector's middle half▲ 8.4pp32.1%within the sector's middle half▲ 16.5pp43.7%within the sector's middle half▲ 11.6pp
Current ratio0.93-1.57▲ 0.652.16within the sector's middle half▲ 0.582.94above the sector's middle half▲ 0.790.63within the sector's middle half▼ 2.311.22within the sector's middle half▲ 0.591.24within the sector's middle half▲ 0.020.45within the sector's middle half▼ 0.79
Return on assets (ROA)0.2%-40.1%▲ 39.9pp14.9%above the sector's middle half▼ 25.2pp37.3%above the sector's middle half▲ 22.4pp4.8%within the sector's middle half▼ 32.5pp8.6%above the sector's middle half▲ 3.8pp17.8%above the sector's middle half▲ 9.2pp27.8%above the sector's middle half▲ 9.9pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.5m ▲ 0.5%
Current assets
€182,183 ▼ 33.4%
Equity and liabilities €1.7m
Equity
€741,761 ▲ 29.9%
Debt
€954,160 ▼ 21.0%
Debt's share of the balance-sheet total falls from 67.9% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
63.4%▲
2024 · 55.5%
Debt ≤ 1 year
€409,091▲
2024 · €220,607
Debt > 1 year
€545,069▼
2024 · €987,266
Income taxes
€35,217▼
2024 · €41,389
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €130,496 | - | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €104,959 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,111 | €3,697 | €3,859 | €4,766 | €4,791 | €3,682 | €3,487 | €3,632 | ▲ 4.2% |
| Other operating charges640/8 | - | €808 | - | €758 | €1,490 | €911 | €2,065 | €1,405 | ▼ 31.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €588 | - |
| Gross operating margin9900 | €5,952 | €35,598 | €17,443 | €63,162 | €127,325 | €170,873 | €197,597 | €173,865 | ▼ 12.0% |
| Operating profit (loss)9901 | €2,053 | €31,093 | €13,137 | €57,638 | €121,044 | €166,281 | €192,045 | €168,239 | ▼ 12.4% |
| Financial income75/76B | - | €125 | - | €107 | €11 | €34,653 | €198,400 | €371,649 | ▲ 87.3% |
| Recurring financial income75 | €132 | €125 | €27 | €107 | €11 | €34,653 | €198,400 | €371,649 | ▲ 87.3% |
| Financial charges65/66B | - | €507 | - | €417 | €16,576 | €20,343 | €32,147 | €34,047 | ▲ 5.9% |
| Recurring financial charges65 | €369 | €507 | €576 | €417 | €16,576 | €20,343 | €32,147 | €34,047 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €1,816 | €30,711 | €12,589 | €57,328 | €104,479 | €180,591 | €358,298 | €505,841 | ▲ 41.2% |
| Income taxes67/77 | €1,776 | €7,201 | €3,228 | €12,510 | €28,127 | €38,552 | €41,389 | €35,217 | ▼ 14.9% |
| Profit (loss) for the period9904 | €40 | €23,510 | €9,361 | €44,817 | €76,351 | €142,039 | €316,908 | €470,624 | ▲ 48.5% |
| Profit (loss) for the period to be appropriated9905 | €40 | €23,510 | €9,361 | €44,817 | €76,351 | €142,039 | €316,908 | €470,624 | ▲ 48.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.03m | €0.06m | €0.06m | €0.1m | €1.6m | €1.6m | €1.8m | €1.7m | ▼ 4.7% |
| Fixed assets21/28 | €0.008m | €0.01m | €0.01m | €0.01m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.5% |
| Tangible fixed assets22/27 | €0.007m | €0.01m | €0.01m | €0.01m | €0.009m | €0.009m | €0.006m | €0.01m | ▲ 150% |
| Land and buildings22 | - | €0.003m | - | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 27.4% |
| Plant, machinery and equipment23 | - | €0.002m | - | - | €0.001m | €0.004m | €0.002m | €0.003m | ▲ 41.0% |
| Furniture and vehicles24 | - | €0.008m | - | €0.01m | €0.006m | €0.003m | €0.002m | €0.01m | ▲ 379% |
| Financial fixed assets28 | €150 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €0.02m | €0.05m | €0.05m | €0.1m | €0.08m | €0.1m | €0.3m | €0.2m | ▼ 33.4% |
| Amounts receivable within one year40/41 | - | €0.02m | €0.04m | €0.06m | €0.07m | €0.04m | €0.1m | €0.1m | ▲ 7.9% |
| Trade receivables40 | - | €0.02m | - | €0.06m | €0.07m | €0.03m | €0.09m | €0.08m | ▼ 13.8% |
| Other amounts receivable41 | - | - | - | - | - | €0.02m | €0.03m | €0.05m | ▲ 89.6% |
| Current investments50/53 | - | - | - | - | - | - | €0.1m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.01m | €0.04m | €0.01m | €0.09m | €0.05m | €0.05m | ▼ 3.7% |
| Deferred charges and accrued income490/1 | - | €181 | - | €0.001m | €0.002m | €391 | €0.001m | €0.002m | ▲ 160% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.03m | €0.06m | €0.06m | €0.1m | €1.6m | €1.6m | €1.8m | €1.7m | ▼ 4.7% |
| Equity10/15 | €0.006m | €0.03m | €0.04m | €0.08m | €0.1m | €0.3m | €0.6m | €0.7m | ▲ 29.9% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | €0.006m | - | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Share premium1100/10 | - | €0.006m | - | - | - | - | - | - | - |
| Other1109/19 | - | - | - | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €40 | €0.02m | €0.03m | €0.08m | €0.1m | €0.2m | €0.6m | €0.7m | ▲ 30.9% |
| Non-distributable reserves130/1 | - | €40 | - | - | - | - | - | - | - |
| Other1319 | - | €40 | - | - | - | - | - | - | - |
| Distributable reserves133 | - | €0.02m | - | €0.08m | €0.1m | €0.2m | €0.6m | €0.7m | ▲ 30.9% |
| Amounts payable17/49 | €0.02m | €0.03m | €0.02m | €0.04m | €1.5m | €1.4m | €1.2m | €1.0m | ▼ 21.0% |
| Amounts payable after more than one year17 | - | - | - | - | €1.3m | €1.3m | €1.0m | €0.5m | ▼ 44.8% |
| Financial debts170/4 | - | - | - | - | €1.3m | €1.3m | €1.0m | €0.5m | ▼ 44.8% |
| Amounts payable within one year42/48 | €0.02m | €0.03m | €0.02m | €0.04m | €0.1m | €0.1m | €0.2m | €0.4m | ▲ 85.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 3.0% |
| Trade debts44 | €0.002m | €0.002m | €0.001m | €0.01m | €0.004m | €0.004m | €0.06m | €0.002m | ▼ 96.3% |
| Suppliers440/4 | - | €0.002m | - | €0.01m | €0.004m | €0.004m | €0.06m | €0.002m | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | €0.02m | - | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 6.0% |
| Taxes450/3 | - | €0.02m | - | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 6.0% |
| Remuneration and social security454/9 | - | €0.003m | - | €0.003m | - | - | - | - | - |
| Other amounts payable47/48 | - | €0.006m | - | €19 | €0.05m | €0.02m | €0.07m | €0.3m | ▲ 358% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40 | €0.02m | €0.009m | €0.04m | €0.08m | €0.1m | €0.3m | €0.5m | ▲ 48.5% |
| + Depreciation and write-downs630 | €0.002m | €0.004m | €0.004m | €0.005m | €0.005m | €0.004m | €0.003m | €0.004m | ▲ 4.2% |
| Operating cash flow (approximation) | €0.002m | €0.03m | €0.01m | €0.05m | €0.08m | €0.1m | €0.3m | €0.5m | ▲ 48.0% |
| Investment in fixed assets (approximation) | - | -€0.009m | -€0.002m | -€0.006m | -€1.5m | -€0.004m | €0 | -€0.01m | - |
| Change in cash | - | €0.01m | -€0.02m | €0.03m | -€0.03m | €0.08m | -€0.04m | -€0.002m | ▲ 94.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00250256 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00203431 |
| 31-12-2023 | micro format | 13-06-2024 | 2024-00128201 |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00205018 |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20160578 |
| 31-12-2020 | micro format | 25-05-2021 | 2021-15600056 |
| 31-12-2019 | micro format | 14-07-2020 | 2020-30500092 |
| 31-12-2018 | micro format | 15-07-2019 | 2019-33100408 |
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Of the 1,516 active companies whose main activity is real estate appraisal on a fee or contract basis (NACE 68322), figures are known for 765. 410 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €5,608 awarded · €5,608 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,804 | €2,804 |
| 2024 | 1 | €2,804 | €2,804 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.