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ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-03-2026 PDF all 5 filings
Equity
€2,000=
2024 · €2,000
Net result
€13,331▲ 365%
2024 · €2,865
Total assets
€198,740▼ 35.2%
2024 · €306,630
Solvency
1.0%▲ 0.4pp
2024 · 0.7%
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€15,682
▲ 211%
2025
20212025
Net result
€13,331
▲ 365%
2025
middle half of the sector
20212025
Equity
€2,000
=
2025
lowest quarter of the sector
20212025
Total assets
€198,740
▼ 35.2%
2025
middle half of the sector
20212025
Debt
€196,740
▼ 35.4%
2025
20212025
Working capital
€85,816
▲ 340%
2025
middle half of the sector
20212025
Solvency
1.0%
▲ 0.4pp
2025
lowest quarter of the sector
20212025
Current ratio
2.93
▲ 1.83
2025
middle half of the sector
20212025
Return on assets (ROA)
6.7%
▲ 5.8pp
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€51,362-€66,976▲ 30.4%€106,303▲ 58.7%€5,044▼ 95.3%€15,682▲ 211%
Net result€41,247within the sector's middle half-€52,727within the sector's middle half▲ 27.8%€83,531above the sector's middle half▲ 58.4%€2,865below the sector's middle half▼ 96.6%€13,331within the sector's middle half▲ 365%
Equity€43,247within the sector's middle half-€95,974within the sector's middle half▲ 122%€179,505within the sector's middle half▲ 87.0%€2,000below the sector's middle half▼ 98.9%€2,000below the sector's middle half=
Total assets€125,721below the sector's middle half-€184,364within the sector's middle half▲ 46.6%€270,778within the sector's middle half▲ 46.9%€306,630within the sector's middle half▲ 13.2%€198,740within the sector's middle half▼ 35.2%
Debt€82,474-€88,390▲ 7.2%€91,273▲ 3.3%€304,630▲ 234%€196,740▼ 35.4%
Working capital€40,624within the sector's middle half-€94,395within the sector's middle half▲ 132%€178,970above the sector's middle half▲ 89.6%€19,507within the sector's middle half▼ 89.1%€85,816within the sector's middle half▲ 340%
Solvency34.4%within the sector's middle half-52.1%within the sector's middle half▲ 17.7pp66.3%within the sector's middle half▲ 14.2pp0.7%below the sector's middle half▼ 65.6pp1.0%below the sector's middle half▲ 0.4pp
Current ratio1.49within the sector's middle half-2.07within the sector's middle half▲ 0.582.96within the sector's middle half▲ 0.891.10within the sector's middle half▼ 1.862.93within the sector's middle half▲ 1.83
Return on assets (ROA)32.8%above the sector's middle half-28.6%above the sector's middle half▼ 4.2pp30.8%above the sector's middle half▲ 2.2pp0.9%below the sector's middle half▼ 29.9pp6.7%within the sector's middle half▲ 5.8pp
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 3.1 times that of 2024. It is a recovery after the fall in 2024.
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 €198,740
Fixed assets
€68,390 ▼ 23.9%
Current assets
€130,350 ▼ 39.9%
Equity and liabilities €198,740
Equity
€2,000 =
Debt
€196,740 ▼ 35.4%
Debt's share of the balance-sheet total falls from 99.3% to 99.0%. Debt is lower.
Key figures and ratios
ROE
666.5%▲
2024 · 143.2%
Debt ≤ 1 year
€44,534▼
2024 · €197,249
Debt > 1 year
€152,206▲
2024 · €107,381
Income taxes
€7,621▲
2024 · €2,202
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,132 | - | - | €107,420 | - |
| Depreciation and write-downs of the year | €509 | €1,044 | €1,044 | €18,081 | €21,484 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €1,624 awarded · €1,574 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €50 | €0 |
| 2024 | 1 | €0 | €150 |
| 2023 | 1 | €1,574 | €1,424 |
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €509 | €1,044 | €1,044 | €18,081 | €21,484 | ▲ 18.8% |
| Other operating charges640/8 | - | €908 | €2,129 | €532 | €599 | ▲ 12.8% |
| Gross operating margin9900 | €51,872 | €68,928 | €109,476 | €23,656 | €37,765 | ▲ 59.6% |
| Operating profit (loss)9901 | €51,362 | €66,976 | €106,303 | €5,044 | €15,682 | ▲ 211% |
| Financial income75/76B | €282 | €1,239 | €2,463 | €2,931 | €6,718 | ▲ 129% |
| Recurring financial income75 | €282 | €1,239 | €2,463 | €2,931 | €6,718 | ▲ 129% |
| Financial charges65/66B | €4 | €62 | €1,612 | €2,908 | €1,448 | ▼ 50.2% |
| Recurring financial charges65 | €4 | €62 | €1,612 | €2,908 | €1,448 | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | €51,640 | €68,153 | €107,155 | €5,067 | €20,952 | ▲ 313% |
| Income taxes67/77 | €10,393 | €15,426 | €23,623 | €2,202 | €7,621 | ▲ 246% |
| Profit (loss) for the period9904 | €41,247 | €52,727 | €83,531 | €2,865 | €13,331 | ▲ 365% |
| Profit (loss) for the period to be appropriated9905 | €41,247 | €52,727 | €83,531 | €2,865 | €13,331 | ▲ 365% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,721 | €184,364 | €270,778 | €306,630 | €198,740 | ▼ 35.2% |
| Fixed assets21/28 | €2,623 | €1,579 | €535 | €89,874 | €68,390 | ▼ 23.9% |
| Tangible fixed assets22/27 | €2,623 | €1,579 | €535 | €89,874 | €68,390 | ▼ 23.9% |
| Furniture and vehicles24 | €2,623 | €1,579 | €535 | €89,874 | €68,390 | ▼ 23.9% |
| Current assets29/58 | €123,098 | €182,785 | €270,243 | €216,756 | €130,350 | ▼ 39.9% |
| Amounts receivable after more than one year29 | €28,454 | €96,486 | €168,587 | €171,668 | €65,590 | ▼ 61.8% |
| Other amounts receivable291 | €28,454 | €96,486 | €168,587 | €171,668 | €65,590 | ▼ 61.8% |
| Amounts receivable within one year40/41 | €21,536 | €42,171 | €29,492 | €32,397 | €34,205 | ▲ 5.6% |
| Trade receivables40 | €21,036 | €41,832 | €29,492 | €22,474 | €34,192 | ▲ 52.1% |
| Other amounts receivable41 | €500 | €339 | €0 | €9,923 | €13 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €73,108 | €44,128 | €72,164 | €12,692 | €30,555 | ▲ 141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,721 | €184,364 | €270,778 | €306,630 | €198,740 | ▼ 35.2% |
| Equity10/15 | €43,247 | €95,974 | €179,505 | €2,000 | €2,000 | = |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €41,247 | €93,974 | €177,505 | €0 | €0 | - |
| Amounts payable17/49 | €82,474 | €88,390 | €91,273 | €304,630 | €196,740 | ▼ 35.4% |
| Amounts payable after more than one year17 | - | - | - | €107,381 | €152,206 | ▲ 41.7% |
| Financial debts170/4 | - | - | - | €107,381 | €152,206 | ▲ 41.7% |
| Amounts payable within one year42/48 | €82,474 | €88,390 | €91,273 | €197,249 | €44,534 | ▼ 77.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,487 | €17,187 | ▲ 4.2% |
| Trade debts44 | €65,619 | €72,871 | €65,281 | €392 | €10,204 | ▲ 26× |
| Suppliers440/4 | €65,619 | €72,871 | €65,281 | €392 | €10,204 | ▲ 26× |
| Taxes, remuneration and social security45 | €16,855 | €15,519 | €25,991 | €0 | €3,812 | - |
| Taxes450/3 | €16,855 | €15,519 | €25,991 | €0 | €3,812 | - |
| Other amounts payable47/48 | - | - | - | €180,370 | €13,331 | ▼ 92.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,247 | €52,727 | €83,531 | €2,865 | €13,331 | ▲ 365% |
| + Depreciation and write-downs630 | €509 | €1,044 | €1,044 | €18,081 | €21,484 | ▲ 18.8% |
| Operating cash flow (approximation) | €41,756 | €53,771 | €84,575 | €20,946 | €34,815 | ▲ 66.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€107,420 | €0 | - |
| Change in cash | - | -€28,980 | €28,036 | -€59,472 | €17,863 | - |
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 |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-03-2026 | 2026-00069689 | |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00083667 | |
| 30-09-2023 | micro format | 31-01-2024 | 2024-00019178 | |
| 30-09-2022 | micro format | 07-04-2023 | 2023-00056487 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20020452 |