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ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-02-2026 PDF all 27 filings
Turnover
≈ €450,000
Estimated: probably between €250,000 and €750,000
Total assets
€520,092▼ 3.8%
2024 · €540,358
Net result
-€6,414▲ 85.4%
2024 · -€44,028
Working capital
-€327,874▲ 6.8%
2024 · -€351,972
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€6,190
▲ 85.8%
2025
20192025
Net result
-€6,414
▲ 85.4%
2025
lowest quarter of the sector
20192025
Equity
€154,421
▼ 4.0%
2025
highest quarter of the sector
20192025
Total assets
€520,092
▼ 3.8%
2025
highest quarter of the sector
20192025
Debt
€365,672
▼ 3.6%
2025
20192025
Working capital
-€327,874
▲ 6.8%
2025
lowest quarter of the sector
20192025
Solvency
29.7%
▼ 0.1pp
2025
middle half of the sector
20192025
Current ratio
0.10
▲ 0.03
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-1.2%
▲ 6.9pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€40,105--€15,049▲ 62.5%-€47,174▼ 213%-€28,453▲ 39.7%-€32,047▼ 12.6%-€43,509▼ 35.8%-€6,190▲ 85.8%
Net result-€48,778--€20,949below the sector's middle half▲ 57.1%-€51,438below the sector's middle half▼ 146%-€29,207below the sector's middle half▲ 43.2%-€32,417below the sector's middle half▼ 11.0%-€44,028below the sector's middle half▼ 35.8%-€6,414below the sector's middle half▲ 85.4%
Equity€338,874-€317,925above the sector's middle half▼ 6.2%€266,487above the sector's middle half▼ 16.2%€237,280above the sector's middle half▼ 11.0%€204,863above the sector's middle half▼ 13.7%€160,835above the sector's middle half▼ 21.5%€154,421above the sector's middle half▼ 4.0%
Total assets€469,471-€458,916above the sector's middle half▼ 2.2%€450,539above the sector's middle half▼ 1.8%€434,205above the sector's middle half▼ 3.6%€564,792above the sector's middle half▲ 30.1%€540,358above the sector's middle half▼ 4.3%€520,092above the sector's middle half▼ 3.8%
Debt€130,597-€140,990▲ 8.0%€184,052▲ 30.5%€196,925▲ 7.0%€359,929▲ 82.8%€379,524▲ 5.4%€365,672▼ 3.6%
Working capital-€97,095--€123,954below the sector's middle half▼ 27.7%-€176,160below the sector's middle half▼ 42.1%-€195,899below the sector's middle half▼ 11.2%-€338,455below the sector's middle half▼ 72.8%-€351,972below the sector's middle half▼ 4.0%-€327,874below the sector's middle half▲ 6.8%
Solvency72.2%-69.3%above the sector's middle half▼ 2.9pp59.1%within the sector's middle half▼ 10.1pp54.6%within the sector's middle half▼ 4.5pp36.3%within the sector's middle half▼ 18.4pp29.8%within the sector's middle half▼ 6.5pp29.7%within the sector's middle half▼ 0.1pp
Current ratio0.06-0.03below the sector's middle half▼ 0.030.02below the sector's middle half▼ 0.010.01below the sector's middle half▼ 0.010.06below the sector's middle half▲ 0.050.07below the sector's middle half▲ 0.010.10below the sector's middle half▲ 0.03
Return on assets (ROA)-10.4%--4.6%below the sector's middle half▲ 5.8pp-11.4%below the sector's middle half▼ 6.9pp-6.7%below the sector's middle half▲ 4.7pp-5.7%below the sector's middle half▲ 1.0pp-8.1%below the sector's middle half▼ 2.4pp-1.2%within the sector's middle half▲ 6.9pp
Staff (FTE)0.8-0.8within the sector's middle half=0.8=1▲ 25.0%1=1=1=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 a loss of €6,190, smaller than the loss of €43,509 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 €520,092
Fixed assets
€482,295 ▼ 5.9%
Current assets
€37,798 ▲ 37.2%
Equity and liabilities €520,092
Equity
€154,421 ▼ 4.0%
Debt
€365,672 ▼ 3.6%
Debt's share of the balance-sheet total rises from 70.2% to 70.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24,322▲
2024 · -€12,998
Cash flow
€24,098▲
2024 · -€13,516
Debt to equity
2.37▲
2024 · 2.36
ROE
-4.2%▲
2024 · -27.4%
Interest coverage
over 100▲
2024 · -43.19
Debt ≤ 1 year
€365,672▼
2024 · €379,524
Income taxes
€82▼
2024 · €218
Staff costs
€35,457▲
2024 · €33,879
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.8 | 0.8 | 0.8 | 0.8 |
| Average over the year, in full-time equivalents | 0.8 | 0.8 | 0.8 | 0.8 |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €132,835 | €39,321 | - |
| Depreciation and write-downs of the year | €13,916 | €22,695 | €30,512 | €30,512 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €26,868 | €33,051 | €33,879 | €35,457 | ▲ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,824 | €12,173 | €14,227 | €13,916 | €22,695 | €30,512 | €30,512 | = |
| Other operating charges640/8 | - | - | - | €353 | €457 | €906 | €719 | ▼ 20.6% |
| Gross operating margin9900 | €12,398 | €26,319 | -€3,331 | €12,684 | €24,155 | €21,787 | €60,498 | ▲ 178% |
| Operating profit (loss)9901 | -€40,105 | -€15,049 | -€47,174 | -€28,453 | -€32,047 | -€43,509 | -€6,190 | ▲ 85.8% |
| Financial income75/76B | - | - | - | - | - | - | €77 | - |
| Recurring financial income75 | - | - | - | - | - | - | €77 | - |
| Financial charges65/66B | - | - | - | €340 | €215 | €301 | €219 | ▼ 27.4% |
| Recurring financial charges65 | €7,030 | €5,308 | €3,852 | €340 | €215 | €301 | €219 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | -€47,135 | -€20,358 | -€51,026 | -€28,793 | -€32,263 | -€43,810 | -€6,332 | ▲ 85.5% |
| Income taxes67/77 | €1,643 | €591 | €412 | €414 | €154 | €218 | €82 | ▼ 62.2% |
| Profit (loss) for the period9904 | -€48,778 | -€20,949 | -€51,438 | -€29,207 | -€32,417 | -€44,028 | -€6,414 | ▲ 85.4% |
| Profit (loss) for the period to be appropriated9905 | -€48,778 | -€20,949 | -€51,438 | -€29,207 | -€32,417 | -€44,028 | -€6,414 | ▲ 85.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €469,471 | €458,916 | €450,539 | €434,205 | €564,792 | €540,358 | €520,092 | ▼ 3.8% |
| Fixed assets21/28 | €463,156 | €455,158 | €447,094 | €433,178 | €543,318 | €512,806 | €482,295 | ▼ 5.9% |
| Tangible fixed assets22/27 | €33,076 | €25,078 | €17,014 | €3,098 | €113,238 | €82,726 | €52,215 | ▼ 36.9% |
| Furniture and vehicles24 | - | - | - | €3,098 | €113,238 | €82,726 | €52,215 | ▼ 36.9% |
| Financial fixed assets28 | €430,080 | €430,080 | €430,080 | €430,080 | €430,080 | €430,080 | €430,080 | = |
| Current assets29/58 | €6,315 | €3,758 | €3,445 | €1,026 | €21,474 | €27,552 | €37,798 | ▲ 37.2% |
| Amounts receivable within one year40/41 | €3,025 | €2,420 | €2,405 | €477 | €11,382 | €15,007 | €36,472 | ▲ 143% |
| Trade receivables40 | - | - | - | - | €7,280 | €14,843 | €36,300 | ▲ 145% |
| Other amounts receivable41 | - | - | - | €477 | €4,102 | €164 | €172 | ▲ 4.8% |
| Cash at bank and in hand54/58 | €3,290 | €1,338 | €1,040 | €549 | €10,092 | €12,545 | €1,326 | ▼ 89.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €469,471 | €458,916 | €450,539 | €434,205 | €564,792 | €540,358 | €520,092 | ▼ 3.8% |
| Equity10/15 | €338,874 | €317,925 | €266,487 | €237,280 | €204,863 | €160,835 | €154,421 | ▼ 4.0% |
| Contributions10/11 | €492,500 | €492,500 | €492,500 | €492,500 | €492,500 | €492,500 | €492,500 | = |
| Capital10 | - | - | - | €492,500 | €492,500 | €492,500 | €492,500 | = |
| Issued capital100 | - | - | - | €492,500 | €492,500 | €492,500 | €492,500 | = |
| Reserves13 | €5,671 | €5,671 | €5,671 | €5,671 | €5,671 | €5,671 | €5,671 | = |
| Non-distributable reserves130/1 | - | - | - | €5,671 | €5,671 | €5,671 | €5,671 | = |
| Legal reserve130 | - | - | - | €5,671 | €5,671 | €5,671 | €5,671 | = |
| Profit (loss) carried forward14 | -€159,297 | -€180,246 | -€231,684 | -€260,891 | -€293,308 | -€337,336 | -€343,750 | ▼ 1.9% |
| Amounts payable17/49 | €130,597 | €140,990 | €184,052 | €196,925 | €359,929 | €379,524 | €365,672 | ▼ 3.6% |
| Amounts payable after more than one year17 | €27,187 | €13,279 | €4,447 | - | - | - | - | - |
| Amounts payable within one year42/48 | €103,410 | €127,711 | €179,605 | €196,925 | €359,929 | €379,524 | €365,672 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,447 | - | - | - | - |
| Trade debts44 | €590 | €2,026 | - | - | - | - | €740 | - |
| Suppliers440/4 | - | - | - | - | - | - | €740 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,161 | €154 | €680 | €35,648 | ▲ 52× |
| Taxes450/3 | - | - | - | €414 | €154 | €680 | €4,553 | ▲ 569% |
| Remuneration and social security454/9 | - | - | - | €3,747 | - | - | €31,096 | - |
| Other amounts payable47/48 | - | - | - | €188,317 | €359,775 | €378,843 | €329,284 | ▼ 13.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,778 | -€20,949 | -€51,438 | -€29,207 | -€32,417 | -€44,028 | -€6,414 | ▲ 85.4% |
| + Depreciation and write-downs630 | €24,824 | €12,173 | €14,227 | €13,916 | €22,695 | €30,512 | €30,512 | = |
| Operating cash flow (approximation) | -€23,954 | -€8,776 | -€37,211 | -€15,291 | -€9,722 | -€13,516 | €24,098 | - |
| Investment in fixed assets (approximation) | - | -€4,175 | -€6,164 | €0 | -€132,835 | €0 | €0 | - |
| Change in cash | - | -€1,952 | -€298 | -€491 | €9,543 | €2,453 | -€11,220 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 06-02-2026 | 2026-00034598 | |
| 30-09-2024 | micro format | 17-03-2025 | 2025-00049138 | |
| 30-09-2023 | micro format | 16-04-2024 | 2024-00063562 | |
| 30-09-2022 | micro format | 17-04-2023 | 2023-00060153 | |
| 30-09-2021 | micro format | 23-03-2022 | 2022-08300226 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12300224 | |
| 30-09-2019 | micro format | 16-03-2020 | 2020-06700395 | |
| 30-09-2018 | micro format | 25-04-2019 | 2019-10800168 | |
| 30-09-2017 | micro format | 12-04-2018 | 2018-09700408 | |
| 30-09-2016 | abbreviated format | 19-04-2017 | 2017-09600106 |