Summary
CURATIO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €393,034 and a net result of €101,957. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 82% of 243 sector peers (NACE 64, financial year 2026). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€393,034▲ 8.5%
2024 · €362,217
Net result
€101,957▼ 23.3%
2024 · €132,865
Total assets
€460,552▲ 8.3%
2024 · €425,451
Solvency
85.3%▲ 0.2pp
2024 · 85.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 27% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€134,060
2025
Net result€101,957
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€460,552
2025
Equity€393,034
2025
Debt€67,518
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€331,926
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)22.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency85.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio5.92
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€34,417-€79,663▲ 131%€48,894▼ 38.6%€33,825▼ 30.8%€134,286▲ 297%€183,427▲ 36.6%€134,060▼ 26.9%
Net result€23,965-€58,740within the sector's middle half▲ 145%€36,774within the sector's middle half▼ 37.4%€25,339within the sector's middle half▼ 31.1%€96,099above the sector's middle half▲ 279%€132,865above the sector's middle half▲ 38.3%€101,957above the sector's middle half▼ 23.3%
Equity€171,676-€201,456within the sector's middle half▲ 17.3%€238,230within the sector's middle half▲ 18.3%€202,948within the sector's middle half▼ 14.8%€255,177within the sector's middle half▲ 25.7%€362,217within the sector's middle half▲ 41.9%€393,034above the sector's middle half▲ 8.5%
Total assets€182,252-€264,785within the sector's middle half▲ 45.3%€266,034within the sector's middle half▲ 0.5%€278,085within the sector's middle half▲ 4.5%€339,658within the sector's middle half▲ 22.1%€425,451within the sector's middle half▲ 25.3%€460,552within the sector's middle half▲ 8.3%
Debt€10,576-€63,329▲ 499%€27,804▼ 56.1%€75,137▲ 170%€84,481▲ 12.4%€63,234▼ 25.1%€67,518▲ 6.8%
Working capital€170,538-€183,744above the sector's middle half▲ 7.7%€231,474above the sector's middle half▲ 26.0%€202,415above the sector's middle half▼ 12.6%€255,394above the sector's middle half▲ 26.2%€359,319above the sector's middle half▲ 40.7%€331,926above the sector's middle half▼ 7.6%
Solvency94.2%-76.1%above the sector's middle half▼ 18.1pp89.5%above the sector's middle half▲ 13.5pp73.0%within the sector's middle half▼ 16.6pp75.1%within the sector's middle half▲ 2.1pp85.1%above the sector's middle half▲ 10.0pp85.3%above the sector's middle half▲ 0.2pp
Current ratio17.12-3.94above the sector's middle half▼ 13.189.33above the sector's middle half▲ 5.383.69within the sector's middle half▼ 5.634.04within the sector's middle half▲ 0.356.68above the sector's middle half▲ 2.645.92above the sector's middle half▼ 0.77
Return on assets (ROA)13.1%-22.2%above the sector's middle half▲ 9.0pp13.8%within the sector's middle half▼ 8.4pp9.1%within the sector's middle half▼ 4.7pp28.3%above the sector's middle half▲ 19.2pp31.2%above the sector's middle half▲ 2.9pp22.1%within the sector's middle half▼ 9.1pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €460,552
Fixed assets
€61,108 ▲ 2,009%
Current assets
€399,444 ▼ 5.5%
Equity and liabilities €460,552
Equity
€393,034 ▲ 8.5%
Debt
€67,518 ▲ 6.8%
Debt's share of the balance-sheet total falls from 14.9% to 14.7%. Equity and debt are higher.
Key figures and ratios
ROE
25.9%▼
2024 · 36.7%
Debt ≤ 1 year
€67,518▲
2024 · €63,234
Income taxes
€40,077▼
2024 · €56,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €12,952 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €545 | €12,132 | €11,883 | €6,223 | €266 | €304 | €12,099 | ▲ 3,875% |
| Other operating charges640/8 | - | - | - | €975 | €4,561 | €5,306 | €1,652 | ▼ 68.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €38,790 | - |
| Gross operating margin9900 | €36,003 | €93,281 | €61,748 | €41,023 | €139,114 | €189,037 | €186,601 | ▼ 1.3% |
| Operating profit (loss)9901 | €34,417 | €79,663 | €48,894 | €33,825 | €134,286 | €183,427 | €134,060 | ▼ 26.9% |
| Financial income75/76B | - | - | - | €2,715 | €2,548 | €5,687 | €8,087 | ▲ 42.2% |
| Recurring financial income75 | €2,427 | €4,017 | €4,011 | €2,715 | €2,548 | €5,687 | €8,087 | ▲ 42.2% |
| Financial charges65/66B | - | - | - | €93 | €183 | €124 | €113 | ▼ 9.1% |
| Recurring financial charges65 | €75 | €541 | €240 | €93 | €183 | €124 | €113 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €36,768 | €83,140 | €52,664 | €36,448 | €136,650 | €188,990 | €142,034 | ▼ 24.8% |
| Income taxes67/77 | €12,804 | €24,400 | €15,890 | €11,108 | €40,552 | €56,125 | €40,077 | ▼ 28.6% |
| Profit (loss) for the period9904 | €23,965 | €58,740 | €36,774 | €25,339 | €96,099 | €132,865 | €101,957 | ▼ 23.3% |
| Profit (loss) for the period to be appropriated9905 | €23,965 | €58,740 | €36,774 | €25,339 | €96,099 | €132,865 | €101,957 | ▼ 23.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €182,252 | €264,785 | €266,034 | €278,085 | €339,658 | €425,451 | €460,552 | ▲ 8.3% |
| Fixed assets21/28 | €1,138 | €18,639 | €6,756 | €533 | €266 | €2,898 | €61,108 | ▲ 2,009% |
| Tangible fixed assets22/27 | €1,138 | €18,639 | €6,756 | €533 | €266 | €2,898 | €61,108 | ▲ 2,009% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,898 | €2,164 | ▼ 25.3% |
| Furniture and vehicles24 | - | - | - | €533 | €266 | €0 | €58,944 | - |
| Current assets29/58 | €181,115 | €246,146 | €259,279 | €277,552 | €339,391 | €422,553 | €399,444 | ▼ 5.5% |
| Amounts receivable after more than one year29 | - | - | - | €141,098 | €141,098 | €114,808 | €96,598 | ▼ 15.9% |
| Trade receivables290 | - | - | - | €141,098 | €141,098 | €114,808 | €96,598 | ▼ 15.9% |
| Amounts receivable within one year40/41 | €14,242 | €35,736 | €8,731 | €24,866 | €29,757 | €40,564 | €42,473 | ▲ 4.7% |
| Trade receivables40 | - | - | - | €24,866 | €29,757 | €40,564 | €19,352 | ▼ 52.3% |
| Other amounts receivable41 | - | - | - | €0 | - | - | €23,121 | - |
| Current investments50/53 | - | - | - | - | - | €120,000 | €200,000 | ▲ 66.7% |
| Cash at bank and in hand54/58 | €84,473 | €96,252 | €102,571 | €110,072 | €166,638 | €146,231 | €59,461 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,516 | €1,899 | €950 | €912 | ▼ 4.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €182,252 | €264,785 | €266,034 | €278,085 | €339,658 | €425,451 | €460,552 | ▲ 8.3% |
| Equity10/15 | €171,676 | €201,456 | €238,230 | €202,948 | €255,177 | €362,217 | €393,034 | ▲ 8.5% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €0 | ▼ 100% |
| Reserves13 | €159,276 | €189,056 | €225,830 | €190,548 | €242,777 | €349,817 | €393,034 | ▲ 12.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €188,688 | €242,777 | €349,817 | €393,034 | ▲ 12.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €10,576 | €63,329 | €27,804 | €75,137 | €84,481 | €63,234 | €67,518 | ▲ 6.8% |
| Amounts payable after more than one year17 | - | €926 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €10,576 | €62,402 | €27,804 | €75,137 | €83,997 | €63,234 | €67,518 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €92 | €5,110 | €435 | €786 | €584 | €1,914 | €79 | ▼ 95.9% |
| Suppliers440/4 | - | - | - | €786 | €584 | €1,914 | €79 | ▼ 95.9% |
| Taxes, remuneration and social security45 | - | - | - | €11,070 | €31,280 | €14,932 | €8,699 | ▼ 41.7% |
| Taxes450/3 | - | - | - | €11,070 | €31,280 | €14,932 | €8,699 | ▼ 41.7% |
| Other amounts payable47/48 | - | - | - | €63,282 | €52,134 | €46,389 | €58,740 | ▲ 26.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €484 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,965 | €58,740 | €36,774 | €25,339 | €96,099 | €132,865 | €101,957 | ▼ 23.3% |
| + Depreciation and write-downs630 | €545 | €12,132 | €11,883 | €6,223 | €266 | €304 | €12,099 | ▲ 3,875% |
| Operating cash flow (approximation) | €24,510 | €70,872 | €48,657 | €31,562 | €96,365 | €133,169 | €114,056 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | -€29,633 | €0 | €0 | €0 | -€2,936 | -€70,309 | ▼ 2,295% |
| Change in cash | - | €11,779 | €6,319 | €7,501 | €56,566 | -€20,407 | -€86,770 | ▼ 325% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 10-06-2025 | 2025-00127433 |
| 31-03-2024 | micro format | 25-07-2024 | 2024-00280944 |
| 31-03-2023 | micro format | 12-10-2023 | 2023-00483596 |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478344 |
| 31-03-2021 | micro format | 20-09-2021 | 2021-67500436 |
| 31-03-2020 | micro format | 19-10-2020 | 2020-62000165 |
| 31-03-2019 | micro format | 16-10-2019 | 2019-70500572 |
| 31-03-2018 | micro format | 24-10-2018 | 2018-70000331 |
| 31-03-2017 | micro format | 06-09-2017 | 2017-60000327 |
| 31-03-2016 | abbreviated format | 07-10-2016 | 2016-64900293 |
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Of the 24,462 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,970. 13,833 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.