Financials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00435288.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 2 filings
Equity
€2.8m▲ 19.1%
2024 · €2.4m
Net result
€454,652▼ 35.8%
2024 · €708,233
Total assets
€4.7m▲ 1.0%
2024 · €4.7m
Solvency
59.8%▲ 9.1pp
2024 · 50.7%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€40,643
2025
20242025
Net result
€454,652
▼ 35.8%
2025
highest quarter of the sector
20242025
Equity
€2.8m
▲ 19.1%
2025
highest quarter of the sector
20242025
Total assets
€4.7m
▲ 1.0%
2025
highest quarter of the sector
20242025
Debt
€1.9m
▼ 17.7%
2025
20242025
Working capital
€32,863
2025
middle half of the sector
20242025
Solvency
59.8%
▲ 9.1pp
2025
middle half of the sector
20242025
Current ratio
1.73
▲ 0.90
2025
middle half of the sector
20242025
Return on assets (ROA)
9.6%
▼ 5.5pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€0.006m-€0.04m
Net result€0.7mabove the sector's middle half-€0.5mabove the sector's middle half▼ 35.8%
Equity€2.4mabove the sector's middle half-€2.8mabove the sector's middle half▲ 19.1%
Total assets€4.7mabove the sector's middle half-€4.7mabove the sector's middle half▲ 1.0%
Debt€2.3m-€1.9m▼ 17.7%
Working capital-€0.007mwithin the sector's middle half-€0.03mwithin the sector's middle half
Solvency50.7%within the sector's middle half-59.8%within the sector's middle half▲ 9.1pp
Current ratio0.83within the sector's middle half-1.73within the sector's middle half▲ 0.90
Return on assets (ROA)15.1%above the sector's middle half-9.6%within the sector's middle half▼ 5.5pp
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 a profit of €40,643, after a loss of €6,387 in 2024.
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 €4.7m
Fixed assets
€4.7m =
Current assets
€78,133 ▲ 132%
Equity and liabilities €4.7m
Equity
€2.8m ▲ 19.1%
Debt
€1.9m ▼ 17.7%
Debt's share of the balance-sheet total falls from 49.3% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.1%▼
2024 · 29.8%
Debt ≤ 1 year
€45,270▲
2024 · €40,509
Debt > 1 year
€1.9m▼
2024 · €2.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €4.7m | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €387 | €500 | ▲ 29.0% |
| Gross operating margin9900 | -€6,000 | €41,143 | - |
| Operating profit (loss)9901 | -€6,387 | €40,643 | - |
| Financial income75/76B | €738,000 | €454,009 | ▼ 38.5% |
| Recurring financial income75 | €738,000 | €454,009 | ▼ 38.5% |
| Financial charges65/66B | €23,380 | €40,000 | ▲ 71.1% |
| Recurring financial charges65 | €23,380 | €40,000 | ▲ 71.1% |
| Profit (loss) for the period before taxes9903 | €708,233 | €454,652 | ▼ 35.8% |
| Profit (loss) for the period9904 | €708,233 | €454,652 | ▼ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €708,233 | €454,652 | ▼ 35.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.7m | €4.7m | ▲ 1.0% |
| Fixed assets21/28 | €4.7m | €4.7m | = |
| Financial fixed assets28 | €4.7m | €4.7m | = |
| Current assets29/58 | €0.03m | €0.08m | ▲ 132% |
| Amounts receivable within one year40/41 | €0.02m | €0.06m | ▲ 190% |
| Trade receivables40 | €0.02m | €0.06m | ▲ 197% |
| Other amounts receivable41 | €0.001m | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.01m | ▲ 25.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.7m | €4.7m | ▲ 1.0% |
| Equity10/15 | €2.4m | €2.8m | ▲ 19.1% |
| Contributions10/11 | €1.7m | €1.7m | = |
| Reserves13 | €0.7m | €1.2m | ▲ 64.2% |
| Distributable reserves133 | €0.7m | €1.2m | ▲ 64.2% |
| Amounts payable17/49 | €2.3m | €1.9m | ▼ 17.7% |
| Amounts payable after more than one year17 | €2.3m | €1.9m | ▼ 18.3% |
| Other amounts payable178/9 | €2.3m | €1.9m | ▼ 18.3% |
| Amounts payable within one year42/48 | €0.04m | €0.05m | ▲ 11.8% |
| Trade debts44 | €0.04m | €0.04m | ▲ 0.3% |
| Suppliers440/4 | €0.04m | €0.04m | ▲ 0.3% |
| Taxes, remuneration and social security45 | €489 | €0.005m | ▲ 949% |
| Taxes450/3 | €489 | €0.005m | ▲ 949% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €708,233 | €454,652 | ▼ 35.8% |
| Operating cash flow (approximation) | €708,233 | €454,652 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €2,923 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.