Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 12 filings
Equity
€1.2m▲ 26.9%
2024 · €974,654
Net result
€262,421▼ 12.2%
2024 · €298,743
Total assets
€1.3m▲ 24.8%
2024 · €1.0m
Solvency
98.0%▲ 1.7pp
2024 · 96.3%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€371,748
▼ 13.8%
2025
20182025
Net result
€262,421
▼ 12.2%
2025
highest quarter of the sector
20182025
Equity
€1.2m
▲ 26.9%
2025
highest quarter of the sector
20182025
Total assets
€1.3m
▲ 24.8%
2025
highest quarter of the sector
20182025
Debt
€25,111
▼ 32.1%
2025
20182025
Working capital
€1.2m
▲ 26.9%
2025
highest quarter of the sector
20182025
Solvency
98.0%
▲ 1.7pp
2025
highest quarter of the sector
20182025
Current ratio
50.33
▲ 22.85
2025
highest quarter of the sector
20182025
Return on assets (ROA)
20.8%
▼ 8.7pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.07m-€0.01m▼ 79.4%€0.02m▲ 43.8%€0.06m▲ 186%€0.2m▲ 290%€0.3m▲ 51.2%€0.4m▲ 27.3%€0.4m▼ 13.8%
Net result€0.05m-€0.01m▼ 80.4%€0.01mwithin the sector's middle half▲ 35.9%€0.04mwithin the sector's middle half▲ 193%€0.2mabove the sector's middle half▲ 296%€0.2mabove the sector's middle half▲ 56.5%€0.3mabove the sector's middle half▲ 26.2%€0.3mabove the sector's middle half▼ 12.2%
Equity€0.2m-€0.2m▲ 4.2%€0.2mwithin the sector's middle half▲ 5.5%€0.3mwithin the sector's middle half▲ 15.3%€0.4mabove the sector's middle half▲ 52.5%€0.7mabove the sector's middle half▲ 53.9%€1.0mabove the sector's middle half▲ 44.2%€1.2mabove the sector's middle half▲ 26.9%
Total assets€0.2m-€0.3m▲ 8.6%€0.3mwithin the sector's middle half▲ 5.1%€0.3mwithin the sector's middle half▲ 15.3%€0.5mwithin the sector's middle half▲ 50.8%€0.7mwithin the sector's middle half▲ 54.9%€1.0mabove the sector's middle half▲ 38.9%€1.3mabove the sector's middle half▲ 24.8%
Debt€0.01m-€0.02m▲ 109%€0.02m▲ 0.4%€0.02m▲ 15.5%€0.03m▲ 29.5%€0.05m▲ 68.4%€0.04m▼ 29.1%€0.03m▼ 32.1%
Working capital€0.2m-€0.2m▲ 3.4%€0.2mabove the sector's middle half▲ 6.1%€0.3mabove the sector's middle half▲ 15.8%€0.4mabove the sector's middle half▲ 52.5%€0.7mabove the sector's middle half▲ 53.9%€1.0mabove the sector's middle half▲ 44.2%€1.2mabove the sector's middle half▲ 26.9%
Solvency95.8%-92.0%▼ 3.9pp92.3%above the sector's middle half▲ 0.4pp92.3%above the sector's middle half=93.4%above the sector's middle half▲ 1.1pp92.8%above the sector's middle half▼ 0.6pp96.3%above the sector's middle half▲ 3.5pp98.0%above the sector's middle half▲ 1.7pp
Current ratio37.34-12.40▼ 24.9413.01above the sector's middle half▲ 0.6013.04above the sector's middle half▲ 0.0415.18above the sector's middle half▲ 2.1413.96above the sector's middle half▼ 1.2227.48above the sector's middle half▲ 13.5250.33above the sector's middle half▲ 22.85
Return on assets (ROA)20.7%-3.7%▼ 17.0pp4.8%within the sector's middle half▲ 1.1pp12.3%within the sector's middle half▲ 7.4pp32.2%above the sector's middle half▲ 19.9pp32.5%above the sector's middle half▲ 0.4pp29.5%above the sector's middle half▼ 3.0pp20.8%within the sector's middle half▼ 8.7pp
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 14% lower than 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
Equity and liabilities €1.3m
Equity
€1.2m ▲ 26.9%
Debt
€25,111 ▼ 32.1%
Debt's share of the balance-sheet total falls from 3.7% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
21.2%▼
2024 · 30.7%
Debt ≤ 1 year
€25,078▼
2024 · €36,815
Income taxes
€125,427▼
2024 · €146,260
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
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 | €2,623 | €1,574 | €1,311 | €1,049 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,420 | €1,386 | €1,668 | €1,681 | €1,779 | ▲ 5.8% |
| Gross operating margin9900 | €71,854 | €16,861 | €22,832 | €59,878 | €225,456 | €340,439 | €433,085 | €373,527 | ▼ 13.8% |
| Operating profit (loss)9901 | €67,835 | €13,984 | €20,105 | €57,408 | €224,069 | €338,772 | €431,404 | €371,748 | ▼ 13.8% |
| Financial income75/76B | - | - | - | €0 | €0 | €11,761 | €13,717 | €16,415 | ▲ 19.7% |
| Recurring financial income75 | €711 | - | €144 | €0 | €0 | €11,761 | €13,717 | €16,415 | ▲ 19.7% |
| Financial charges65/66B | - | - | - | €196 | €187 | €187 | €117 | €315 | ▲ 169% |
| Recurring financial charges65 | €180 | €234 | €190 | €196 | €187 | €187 | €117 | €315 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | €68,366 | €13,750 | €20,060 | €57,212 | €223,882 | €350,345 | €445,003 | €387,848 | ▼ 12.8% |
| Income taxes67/77 | €19,312 | €4,156 | €7,017 | €18,983 | €72,655 | €113,607 | €146,260 | €125,427 | ▼ 14.2% |
| Profit (loss) for the period9904 | €49,055 | €9,594 | €13,042 | €38,229 | €151,227 | €236,738 | €298,743 | €262,421 | ▼ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €49,055 | €9,594 | €13,042 | €38,229 | €151,227 | €236,738 | €298,743 | €262,421 | ▼ 12.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | €0.7m | €1.0m | €1.3m | ▲ 24.8% |
| Fixed assets21/28 | €0.004m | €0.002m | €0.001m | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.004m | €0.002m | €0.001m | - | - | - | - | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | €0.7m | €1.0m | €1.3m | ▲ 24.8% |
| Amounts receivable within one year40/41 | €0.02m | €0.01m | €0.003m | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | ▲ 11.1% |
| Trade receivables40 | - | - | - | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | ▲ 15.5% |
| Other amounts receivable41 | - | - | - | €0.006m | - | - | €0.001m | €0 | ▼ 100.0% |
| Current investments50/53 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.5m | €0.7m | €0.7m | = |
| Cash at bank and in hand54/58 | €0.08m | €0.1m | €0.1m | €0.2m | €0.3m | €0.2m | €0.3m | €0.5m | ▲ 90.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | €0.002m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | €0.7m | €1.0m | €1.3m | ▲ 24.8% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.7m | €1.0m | €1.2m | ▲ 26.9% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.7m | €1.0m | €1.2m | ▲ 27.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.7m | €1.0m | €1.2m | ▲ 27.1% |
| Profit (loss) carried forward14 | €260 | €94 | €136 | €229 | €27 | €238 | €43 | €1 | ▼ 97.1% |
| Amounts payable17/49 | €0.01m | €0.02m | €0.02m | €0.02m | €0.03m | €0.05m | €0.04m | €0.03m | ▼ 32.1% |
| Amounts payable within one year42/48 | €0.006m | €0.02m | €0.02m | €0.02m | €0.03m | €0.05m | €0.04m | €0.03m | ▼ 31.9% |
| Trade debts44 | €0.005m | €123 | €232 | €184 | €0.001m | €90 | €70 | €319 | ▲ 353% |
| Suppliers440/4 | - | - | - | €184 | €0.001m | €90 | €70 | €319 | ▲ 353% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.01m | €0.04m | €0.04m | €0.02m | ▼ 38.1% |
| Taxes450/3 | - | - | - | €0.003m | €0.01m | €0.04m | €0.03m | €0.02m | ▼ 39.7% |
| Remuneration and social security454/9 | - | - | - | €0.001m | - | - | €0.001m | €0.001m | ▲ 0.5% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.01m | €0.01m | €0.001m | €0.003m | ▲ 116% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €162 | €33 | ▼ 79.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,055 | €9,594 | €13,042 | €38,229 | €151,227 | €236,738 | €298,743 | €262,421 | ▼ 12.2% |
| + Depreciation and write-downs630 | €2,623 | €1,574 | €1,311 | €1,049 | - | - | - | - | - |
| Operating cash flow (approximation) | €51,677 | €11,168 | €14,354 | €39,278 | €151,227 | €236,738 | €298,743 | €262,421 | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | - | - |
| Change in cash | - | €28,850 | €24,991 | €13,405 | €163,261 | -€121,364 | €80,666 | €246,242 | ▲ 205% |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00221100 | |
| 31-12-2024 | micro format | 24-04-2025 | 2025-00074574 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00169777 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00180220 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20084282 | |
| 31-12-2020 | micro format | 14-06-2021 | 2021-19300123 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20100593 | |
| 31-12-2018 | micro format | 08-07-2019 | 2019-29400095 | |
| 31-12-2017 | micro format | 19-07-2018 | 2018-34400300 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-24600220 |