Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00475603.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 35 filings
Equity
€299,436▼ 0.5%
2024 · €301,019
Net result
-€1,583
2024 · €457
Total assets
€1.0m▼ 1.0%
2024 · €1.1m
Solvency
28.6%▲ 0.1pp
2024 · 28.5%
In the rankings
#4 oldest company in Koksijde, Finance and insurance sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 6% lower than in 2024.
Operating result€0.02m
2025
Net result-€0.002m
2025
Total assets€1.0m
2025
Equity€0.3m
2025
Debt€0.7m
2025
Working capital-€0.6m
2025
Return on assets (ROA)-0.2%
2025
Solvency28.6%
2025
Current ratio0.05
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.01m--€0.01m▲ 21.3%€0.01m-€0.005m€0.006m€0.006m▲ 0.4%€0.03m▲ 349%€0.02m▼ 5.9%
Net result-€0.04m--€0.04m▲ 7.7%-€0.01mbelow the sector's middle half▲ 74.5%-€0.03mbelow the sector's middle half▼ 187%-€0.02mbelow the sector's middle half▲ 32.9%-€0.02mbelow the sector's middle half▼ 0.2%€457below the sector's middle half-€0.002mbelow the sector's middle half
Equity€0.4m-€0.4m▼ 9.5%€0.4mwithin the sector's middle half▼ 2.7%€0.3mwithin the sector's middle half▼ 7.8%€0.3mwithin the sector's middle half▼ 5.7%€0.3mwithin the sector's middle half▼ 6.1%€0.3mwithin the sector's middle half▲ 0.2%€0.3mwithin the sector's middle half▼ 0.5%
Total assets€1.0m-€0.9m▼ 5.5%€1.1mabove the sector's middle half▲ 16.4%€1.1mabove the sector's middle half▲ 8.1%€1.1mabove the sector's middle half▼ 1.9%€1.1mabove the sector's middle half▼ 4.3%€1.1mabove the sector's middle half▼ 1.6%€1.0mwithin the sector's middle half▼ 1.0%
Debt€0.5m-€0.5m▼ 2.4%€0.7m▲ 30.1%€0.8m▲ 16.7%€0.8m▼ 0.3%€0.8m▼ 3.6%€0.8m▼ 2.2%€0.7m▼ 1.2%
Working capital-€0.3m--€0.4m▼ 15.5%-€0.4mbelow the sector's middle half▼ 11.4%-€0.5mbelow the sector's middle half▼ 16.7%-€0.5mbelow the sector's middle half▼ 5.1%-€0.6mbelow the sector's middle half▼ 1.6%-€0.6mbelow the sector's middle half▼ 3.0%-€0.6mbelow the sector's middle half▼ 2.7%
Solvency43.5%-41.7%▼ 1.8pp34.9%within the sector's middle half▼ 6.8pp29.7%within the sector's middle half▼ 5.1pp28.6%within the sector's middle half▼ 1.2pp28.0%within the sector's middle half▼ 0.5pp28.5%within the sector's middle half▲ 0.5pp28.6%within the sector's middle half▲ 0.1pp
Current ratio0.25-0.14▼ 0.120.11below the sector's middle half▼ 0.030.03below the sector's middle half▼ 0.080.04below the sector's middle half▲ 0.010.03below the sector's middle half▼ 0.010.04below the sector's middle half=0.05below the sector's middle half▲ 0.01
Return on assets (ROA)-4.5%--4.4%▲ 0.1pp-1.0%below the sector's middle half▲ 3.4pp-2.5%below the sector's middle half▼ 1.6pp-1.7%below the sector's middle half▲ 0.8pp-1.8%below the sector's middle half▼ 0.1pp0.0%below the sector's middle half▲ 1.9pp-0.2%below the sector's middle half▼ 0.2pp
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.
Turnover and EBIT margin are not published. The abbreviated or 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 €1.0m
Fixed assets
€1.0m ▼ 1.7%
Current assets
€29,601 ▲ 33.8%
Equity and liabilities €1.0m
Equity
€299,436 ▼ 0.5%
Debt
€746,119 ▼ 1.2%
Debt's share of the balance-sheet total falls from 71.5% to 71.4%. Equity and debt are lower.
Key figures and ratios
ROE
-0.5%▼
2024 · 0.2%
Debt ≤ 1 year
€611,643▲
2024 · €588,760
Debt > 1 year
€126,356▼
2024 · €153,013
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 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €602,000 | €168,799 | €168,799 | €168,799 | €168,799 |
| Mortgage mandates | - | €267,000 | €267,000 | €267,000 | €267,000 |
| Carrying value of the mortgaged assets | €430,520 | €525,618 | €495,739 | €467,347 | €438,321 |
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | €160,737 | €17,758 | €3,769 | €20,695 | €20,796 |
| Depreciation and write-downs of the year | €37,496 | €47,052 | €47,241 | €40,094 | €38,844 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,641 | €36,301 | €37,088 | €37,496 | €47,052 | €47,241 | €40,094 | €38,844 | ▼ 3.1% |
| Other operating charges640/8 | - | - | - | €8,005 | €8,188 | €9,322 | €9,170 | €9,385 | ▲ 2.3% |
| Gross operating margin9900 | €31,754 | €33,456 | €55,850 | €40,841 | €60,827 | €62,174 | €74,479 | €71,960 | ▼ 3.4% |
| Operating profit (loss)9901 | -€13,366 | -€10,518 | €10,835 | -€4,661 | €5,588 | €5,611 | €25,214 | €23,731 | ▼ 5.9% |
| Financial income75/76B | - | - | - | €0 | - | €3 | €186 | €29 | ▼ 84.5% |
| Recurring financial income75 | €353 | €422 | €63 | €0 | - | €3 | €186 | €29 | ▼ 84.5% |
| Financial charges65/66B | - | - | - | €24,248 | €24,987 | €25,045 | €24,943 | €25,343 | ▲ 1.6% |
| Recurring financial charges65 | €29,835 | €29,444 | €20,969 | €24,248 | €24,987 | €25,045 | €24,943 | €25,343 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | -€42,847 | -€39,540 | -€10,072 | -€28,908 | -€19,399 | -€19,431 | €457 | -€1,583 | - |
| Income taxes67/77 | - | - | - | €0 | - | €1 | €0 | - | - |
| Profit (loss) for the period9904 | -€42,847 | -€39,540 | -€10,072 | -€28,908 | -€19,399 | -€19,432 | €457 | -€1,583 | - |
| Profit (loss) for the period to be appropriated9905 | -€42,847 | -€39,540 | -€10,072 | -€28,908 | -€19,399 | -€19,432 | €457 | -€1,583 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €0.9m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 1.0% |
| Fixed assets21/28 | €0.8m | €0.8m | €1.0m | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | ▼ 1.7% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €1.0m | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | ▼ 1.7% |
| Land and buildings22 | - | - | - | €0.8m | €1.1m | €1.1m | €1.0m | €1.0m | ▼ 1.7% |
| Assets under construction and advance payments27 | - | - | - | €0.3m | - | - | - | - | - |
| Current assets29/58 | €0.1m | €0.06m | €0.05m | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 33.8% |
| Amounts receivable within one year40/41 | €0.03m | €0.006m | €0.02m | €0.01m | €0.007m | €0.008m | €0.003m | €32 | ▼ 98.9% |
| Trade receivables40 | - | - | - | €0.01m | €0.007m | €0.007m | €0.003m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €3 | - | €492 | €23 | €32 | ▲ 36.8% |
| Current investments50/53 | €0.006m | €0.006m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.04m | €0.03m | €0.003m | €0.01m | €0.007m | €0.02m | €0.03m | ▲ 61.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.004m | €0.002m | €0.002m | ▼ 7.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 1.0% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.5% |
| Contributions10/11 | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Revaluation surpluses12 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | ▼ 0.2% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 1.2% |
| Amounts payable after more than one year17 | €0.05m | €0.04m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 17.4% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 17.4% |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.03m | €0.03m | €0.03m | ▲ 1.2% |
| Trade debts44 | €0.01m | €0.006m | €0.03m | €0.005m | €0.002m | €0.001m | €0.002m | €199 | ▼ 89.1% |
| Suppliers440/4 | - | - | - | €0.005m | €0.002m | €0.001m | €0.002m | €199 | ▼ 89.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €398 | €0.001m | €114 | ▼ 85.5% |
| Taxes450/3 | - | - | - | €0.007m | €0.007m | €398 | €0.001m | €114 | ▼ 85.5% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.005m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 4.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.008m | ▼ 39.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,847 | -€39,540 | -€10,072 | -€28,908 | -€19,399 | -€19,432 | €457 | -€1,583 | - |
| + Depreciation and write-downs630 | €37,641 | €36,301 | €37,088 | €37,496 | €47,052 | €47,241 | €40,094 | €38,844 | ▼ 3.1% |
| Operating cash flow (approximation) | -€5,205 | -€3,239 | €27,016 | €8,588 | €27,652 | €27,809 | €40,551 | €37,261 | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | -€36,811 | -€195,262 | -€160,737 | -€17,758 | -€3,769 | -€20,695 | -€20,796 | ▼ 0.5% |
| Change in cash | - | -€34,911 | -€6,268 | -€31,545 | €11,483 | -€7,263 | €9,640 | €10,447 | ▲ 8.4% |
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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00475603 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00408899 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00389539 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00417428 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20406038 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63100078 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49100077 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60400294 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59600595 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54200533 |