Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 3 filings
Equity
€836,955▲ 6.2%
2024 · €788,317
Net result
-€51,202
2024 · €139,015
Total assets
€1.6m▼ 6.5%
2024 · €1.7m
Solvency
52.6%▲ 6.3pp
2024 · 46.3%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€24,408
2025
20232025
Net result
-€51,202
2025
lowest quarter of the sector
20232025
Equity
€836,955
▲ 6.2%
2025
middle half of the sector
20232025
Total assets
€1.6m
▼ 6.5%
2025
middle half of the sector
20232025
Debt
€753,230
▼ 17.5%
2025
20232025
Working capital
-€27,161
▲ 54.8%
2025
middle half of the sector
20232025
Solvency
52.6%
▲ 6.3pp
2025
middle half of the sector
20232025
Current ratio
0.89
▲ 0.04
2025
middle half of the sector
20232025
Return on assets (ROA)
-3.2%
▼ 11.4pp
2025
lowest quarter of the sector
20232025
Staff (FTE)
0
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.04m-€0.05m-€0.02m
Net result-€0.04mbelow the sector's middle half-€0.1mwithin the sector's middle half-€0.05mbelow the sector's middle half
Equity€0.6mwithin the sector's middle half-€0.8mwithin the sector's middle half▲ 21.4%€0.8mwithin the sector's middle half▲ 6.2%
Total assets€1.5mwithin the sector's middle half-€1.7mwithin the sector's middle half▲ 11.2%€1.6mwithin the sector's middle half▼ 6.5%
Debt€0.9m-€0.9m▲ 3.7%€0.8m▼ 17.5%
Working capital-€0.2mbelow the sector's middle half--€0.06mwithin the sector's middle half▲ 67.9%-€0.03mwithin the sector's middle half▲ 54.8%
Solvency42.5%within the sector's middle half-46.3%within the sector's middle half▲ 3.9pp52.6%within the sector's middle half▲ 6.3pp
Current ratio0.45within the sector's middle half-0.84within the sector's middle half▲ 0.390.89within the sector's middle half▲ 0.04
Return on assets (ROA)-2.8%below the sector's middle half-8.2%within the sector's middle half▲ 11.0pp-3.2%below the sector's middle half▼ 11.4pp
Staff (FTE)0within the sector's middle half
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 loss of €24,408, after a profit of €53,503 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.4m ▲ 0.4%
Current assets
€211,435 ▼ 35.4%
Equity and liabilities €1.6m
Equity
€836,955 ▲ 6.2%
Debt
€753,230 ▼ 17.5%
Debt's share of the balance-sheet total falls from 53.7% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
-6.1%▼
2024 · 17.6%
Debt ≤ 1 year
€238,596▼
2024 · €387,336
Debt > 1 year
€514,634▼
2024 · €525,331
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debts guaranteed by Belgian public bodies | - | - | €150,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €1.4m | - | €5,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €2,280 awarded · €2,280 paidAnnual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €160 | - |
| Other operating charges640/8 | €705 | €464 | €7,860 | ▲ 17× |
| Gross operating margin9900 | -€35,727 | €53,968 | -€16,549 | - |
| Operating profit (loss)9901 | -€36,432 | €53,503 | -€24,408 | - |
| Financial income75/76B | €1 | €110,000 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €110,000 | €0 | ▼ 100% |
| Financial charges65/66B | €6,081 | €24,488 | €26,794 | ▲ 9.4% |
| Recurring financial charges65 | €6,081 | €24,488 | €26,794 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | -€42,512 | €139,015 | -€51,202 | - |
| Profit (loss) for the period9904 | -€42,512 | €139,015 | -€51,202 | - |
| Profit (loss) for the period to be appropriated9905 | -€42,512 | €139,015 | -€51,202 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €1.7m | €1.6m | ▼ 6.5% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | ▲ 0.4% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | ▲ 0.4% |
| Current assets29/58 | €0.2m | €0.3m | €0.2m | ▼ 35.4% |
| Amounts receivable within one year40/41 | €0.03m | €0.2m | €0.1m | ▼ 33.3% |
| Trade receivables40 | €0.002m | €0.1m | €0.1m | ▲ 13.1% |
| Other amounts receivable41 | €0.03m | €0.08m | €0.002m | ▼ 97.1% |
| Cash at bank and in hand54/58 | - | €0.05m | €0.04m | ▼ 15.9% |
| Deferred charges and accrued income490/1 | €0.1m | €0.09m | €0.04m | ▼ 50.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €1.7m | €1.6m | ▼ 6.5% |
| Equity10/15 | €0.6m | €0.8m | €0.8m | ▲ 6.2% |
| Contributions10/11 | €0.7m | €0.7m | €0.8m | ▲ 14.4% |
| Reserves13 | - | €0.1m | €0.05m | ▼ 53.1% |
| Distributable reserves133 | - | €0.1m | €0.05m | ▼ 53.1% |
| Profit (loss) carried forward14 | -€0.04m | €0 | - | - |
| Amounts payable17/49 | €0.9m | €0.9m | €0.8m | ▼ 17.5% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.5m | ▼ 2.0% |
| Financial debts170/4 | €0.5m | €0.5m | €0.5m | ▼ 2.0% |
| Other amounts payable178/9 | €0.03m | €0 | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.2m | ▼ 38.4% |
| Current portion of amounts payable after more than one year42 | €0.07m | €0.05m | €0.07m | ▲ 25.0% |
| Financial debts43 | €0.01m | €0 | - | - |
| Credit institutions430/8 | €0.01m | €0 | - | - |
| Trade debts44 | €0.2m | €0.1m | €0.07m | ▼ 51.2% |
| Suppliers440/4 | €0.2m | €0.1m | €0.07m | ▼ 51.2% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.003m | ▼ 75.6% |
| Taxes450/3 | - | €0.01m | €0.003m | ▼ 75.6% |
| Other amounts payable47/48 | €0.1m | €0.2m | €0.1m | ▼ 45.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,512 | €139,015 | -€51,202 | - |
| Operating cash flow (approximation) | -€42,512 | €139,015 | -€51,202 | - |
| Investment in fixed assets (approximation) | - | €0 | -€5,000 | - |
| Change in cash | - | - | -€7,916 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.