Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-01-2026 PDF all 4 filings
Equity
€23,691▼ 82.8%
2024 · €138,120
Net result
€80,571▲ 21.1%
2024 · €66,508
Total assets
€348,996▼ 16.2%
2024 · €416,281
Solvency
6.8%▼ 26.4pp
2024 · 33.2%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€115,369
▲ 30.5%
2025
20222025
Net result
€80,571
▲ 21.1%
2025
middle half of the sector
20222025
Equity
€23,691
▼ 82.8%
2025
lowest quarter of the sector
20222025
Total assets
€348,996
▼ 16.2%
2025
middle half of the sector
20222025
Debt
€325,304
▲ 16.9%
2025
20222025
Working capital
-€44,872
2025
lowest quarter of the sector
20222025
Solvency
6.8%
▼ 26.4pp
2025
lowest quarter of the sector
20222025
Current ratio
0.61
▼ 2.00
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
23.1%
▲ 7.1pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€45,496-€50,119▲ 10.2%€88,383▲ 76.3%€115,369▲ 30.5%
Net result€33,658within the sector's middle half-€35,954within the sector's middle half▲ 6.8%€66,508within the sector's middle half▲ 85.0%€80,571within the sector's middle half▲ 21.1%
Equity€35,658below the sector's middle half-€71,612within the sector's middle half▲ 101%€138,120within the sector's middle half▲ 92.9%€23,691below the sector's middle half▼ 82.8%
Total assets€332,980within the sector's middle half-€350,411within the sector's middle half▲ 5.2%€416,281within the sector's middle half▲ 18.8%€348,996within the sector's middle half▼ 16.2%
Debt€297,321-€278,799▼ 6.2%€278,161▼ 0.2%€325,304▲ 16.9%
Working capital€12,362within the sector's middle half-€17,571within the sector's middle half▲ 42.1%€76,982within the sector's middle half▲ 338%-€44,872below the sector's middle half
Solvency10.7%below the sector's middle half-20.4%below the sector's middle half▲ 9.7pp33.2%within the sector's middle half▲ 12.7pp6.8%below the sector's middle half▼ 26.4pp
Current ratio1.40within the sector's middle half-1.58within the sector's middle half▲ 0.182.60within the sector's middle half▲ 1.030.61below the sector's middle half▼ 2.00
Return on assets (ROA)10.1%within the sector's middle half-10.3%within the sector's middle half▲ 0.2pp16.0%within the sector's middle half▲ 5.7pp23.1%within the sector's middle half▲ 7.1pp
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 31% higher than in 2024 and the highest since 2022. It is the third rise in a row.
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
Assets €348,996
Fixed assets
€280,225 ▼ 3.8%
Current assets
€68,770 ▼ 45.0%
Equity and liabilities €348,996
Equity
€23,691 ▼ 82.8%
Debt
€325,304 ▲ 16.9%
Debt's share of the balance-sheet total rises from 66.8% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
340.1%▲
2024 · 48.2%
Debt ≤ 1 year
€113,643▲
2024 · €48,035
Debt > 1 year
€211,596▼
2024 · €230,062
Income taxes
€30,194▲
2024 · €17,114
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €55,000 | €50,000 | €50,000 | €50,000 |
| Mortgage mandates | €245,000 | €245,000 | €245,000 | €245,000 |
| Carrying value of the mortgaged assets | €289,367 | €302,304 | €291,264 | €280,225 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €337,815 | €23,962 | - | - |
| Depreciation and write-downs of the year | €48,448 | €11,025 | €11,039 | €11,039 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,448 | €11,025 | €11,039 | €11,039 | = |
| Other operating charges640/8 | €1,163 | €680 | €743 | €1,161 | ▲ 56.2% |
| Gross operating margin9900 | €95,107 | €61,825 | €100,165 | €127,569 | ▲ 27.4% |
| Operating profit (loss)9901 | €45,496 | €50,119 | €88,383 | €115,369 | ▲ 30.5% |
| Financial charges65/66B | €3,343 | €5,066 | €4,761 | €4,603 | ▼ 3.3% |
| Recurring financial charges65 | €3,343 | €5,066 | €4,761 | €4,603 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €42,153 | €45,053 | €83,622 | €110,765 | ▲ 32.5% |
| Income taxes67/77 | €8,495 | €9,099 | €17,114 | €30,194 | ▲ 76.4% |
| Profit (loss) for the period9904 | €33,658 | €35,954 | €66,508 | €80,571 | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €33,658 | €35,954 | €66,508 | €80,571 | ▲ 21.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €332,980 | €350,411 | €416,281 | €348,996 | ▼ 16.2% |
| Fixed assets21/28 | €289,367 | €302,304 | €291,264 | €280,225 | ▼ 3.8% |
| Tangible fixed assets22/27 | €289,367 | €302,304 | €291,264 | €280,225 | ▼ 3.8% |
| Land and buildings22 | €289,367 | €302,304 | €291,264 | €280,225 | ▼ 3.8% |
| Current assets29/58 | €43,613 | €48,107 | €125,017 | €68,770 | ▼ 45.0% |
| Amounts receivable within one year40/41 | €12,100 | €12,462 | €67,806 | €29,402 | ▼ 56.6% |
| Trade receivables40 | €12,100 | €12,462 | €67,806 | €29,402 | ▼ 56.6% |
| Cash at bank and in hand54/58 | €31,362 | €35,479 | €57,028 | €39,178 | ▼ 31.3% |
| Deferred charges and accrued income490/1 | €151 | €166 | €183 | €190 | ▲ 4.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €332,980 | €350,411 | €416,281 | €348,996 | ▼ 16.2% |
| Equity10/15 | €35,658 | €71,612 | €138,120 | €23,691 | ▼ 82.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €33,000 | €69,000 | €135,000 | €20,000 | ▼ 85.2% |
| Distributable reserves133 | €33,000 | €69,000 | €135,000 | €20,000 | ▼ 85.2% |
| Profit (loss) carried forward14 | €658 | €612 | €1,120 | €1,691 | ▲ 50.9% |
| Amounts payable17/49 | €297,321 | €278,799 | €278,161 | €325,304 | ▲ 16.9% |
| Amounts payable after more than one year17 | €266,013 | €248,199 | €230,062 | €211,596 | ▼ 8.0% |
| Financial debts170/4 | €266,013 | €248,199 | €230,062 | €211,596 | ▼ 8.0% |
| Amounts payable within one year42/48 | €31,251 | €30,536 | €48,035 | €113,643 | ▲ 137% |
| Current portion of amounts payable after more than one year42 | €18,940 | €19,284 | €19,634 | €19,990 | ▲ 1.8% |
| Trade debts44 | €500 | €500 | €1,427 | €584 | ▼ 59.1% |
| Suppliers440/4 | €500 | €500 | €1,427 | €584 | ▼ 59.1% |
| Taxes, remuneration and social security45 | €11,811 | €10,679 | €26,782 | €17,721 | ▼ 33.8% |
| Taxes450/3 | €11,811 | €10,679 | €26,782 | €17,721 | ▼ 33.8% |
| Other amounts payable47/48 | - | €73 | €192 | €75,348 | ▲ 392× |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | €66 | ▲ 3.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,658 | €35,954 | €66,508 | €80,571 | ▲ 21.1% |
| + Depreciation and write-downs630 | €48,448 | €11,025 | €11,039 | €11,039 | = |
| Operating cash flow (approximation) | €82,106 | €46,979 | €77,548 | €91,610 | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | -€23,962 | €0 | €0 | - |
| Change in cash | - | €4,117 | €21,549 | -€17,849 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.