Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-01-2026 PDF all 4 filings
Equity
€92,650▲ 20.4%
2024 · €76,949
Net result
€7,770
2024 · -€46
Total assets
€113,220▲ 7.7%
2024 · €105,099
Solvency
81.8%▲ 8.6pp
2024 · 73.2%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€8,889
▲ 738%
2025
20222025
Net result
€7,770
2025
middle half of the sector
20222025
Equity
€92,650
▲ 20.4%
2025
middle half of the sector
20222025
Total assets
€113,220
▲ 7.7%
2025
lowest quarter of the sector
20222025
Debt
€20,570
▼ 26.9%
2025
20222025
Working capital
€88,869
▲ 24.5%
2025
middle half of the sector
20222025
Solvency
81.8%
▲ 8.6pp
2025
highest quarter of the sector
20222025
Current ratio
5.32
▲ 1.78
2025
highest quarter of the sector
20222025
Return on assets (ROA)
6.9%
▲ 6.9pp
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€53,552-€34,314▼ 35.9%€1,061▼ 96.9%€8,889▲ 738%
Net result€43,608within the sector's middle half-€28,387within the sector's middle half▼ 34.9%-€46below the sector's middle half€7,770within the sector's middle half
Equity€48,608within the sector's middle half-€76,995within the sector's middle half▲ 58.4%€76,949within the sector's middle half▼ 0.1%€92,650within the sector's middle half▲ 20.4%
Total assets€62,449below the sector's middle half-€108,026below the sector's middle half▲ 73.0%€105,099below the sector's middle half▼ 2.7%€113,220below the sector's middle half▲ 7.7%
Debt€13,841-€31,031▲ 124%€28,150▼ 9.3%€20,570▼ 26.9%
Working capital€48,608within the sector's middle half-€76,995within the sector's middle half▲ 58.4%€71,370within the sector's middle half▼ 7.3%€88,869within the sector's middle half▲ 24.5%
Solvency77.8%above the sector's middle half-71.3%within the sector's middle half▼ 6.6pp73.2%within the sector's middle half▲ 1.9pp81.8%above the sector's middle half▲ 8.6pp
Current ratio4.51above the sector's middle half-3.48within the sector's middle half▼ 1.033.54within the sector's middle half▲ 0.055.32above the sector's middle half▲ 1.78
Return on assets (ROA)69.8%above the sector's middle half-26.3%above the sector's middle half▼ 43.6pp0.0%below the sector's middle half▼ 26.3pp6.9%within the sector's middle half▲ 6.9pp
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 8.4 times that of 2024. It is a recovery after the fall 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
Assets €113,220
Fixed assets
€3,780 ▼ 32.2%
Current assets
€109,439 ▲ 10.0%
Equity and liabilities €113,220
Equity
€92,650 ▲ 20.4%
Debt
€20,570 ▼ 26.9%
Debt's share of the balance-sheet total falls from 26.8% to 18.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
8.4%▲
2024 · -0.1%
Debt ≤ 1 year
€20,570▼
2024 · €28,150
Income taxes
€1,513▲
2024 · €745
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €6,617 | - |
| Depreciation and write-downs of the year | - | - | €1,038 | €1,799 |
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 | - | - | €1,038 | €1,799 | ▲ 73.3% |
| Other operating charges640/8 | €470 | €916 | €758 | €3,246 | ▲ 328% |
| Gross operating margin9900 | €54,022 | €35,230 | €2,857 | €13,933 | ▲ 388% |
| Operating profit (loss)9901 | €53,552 | €34,314 | €1,061 | €8,889 | ▲ 738% |
| Financial income75/76B | €1,121 | €4,669 | €1,357 | €3,250 | ▲ 140% |
| Recurring financial income75 | €1,121 | €4,669 | €1,357 | €3,250 | ▲ 140% |
| Financial charges65/66B | €5 | €185 | €1,718 | €2,856 | ▲ 66.2% |
| Recurring financial charges65 | €5 | €185 | €1,718 | €2,856 | ▲ 66.2% |
| Profit (loss) for the period before taxes9903 | €54,669 | €38,798 | €699 | €9,282 | ▲ 13× |
| Income taxes67/77 | €11,061 | €10,411 | €745 | €1,513 | ▲ 103% |
| Profit (loss) for the period9904 | €43,608 | €28,387 | -€46 | €7,770 | - |
| Profit (loss) for the period to be appropriated9905 | €43,608 | €28,387 | -€46 | €7,770 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62,449 | €108,026 | €105,099 | €113,220 | ▲ 7.7% |
| Fixed assets21/28 | - | - | €5,579 | €3,780 | ▼ 32.2% |
| Tangible fixed assets22/27 | - | - | €5,579 | €3,780 | ▼ 32.2% |
| Plant, machinery and equipment23 | - | - | €2,873 | €1,685 | ▼ 41.3% |
| Furniture and vehicles24 | - | - | €2,706 | €2,095 | ▼ 22.6% |
| Current assets29/58 | €62,449 | €108,026 | €99,520 | €109,439 | ▲ 10.0% |
| Amounts receivable within one year40/41 | €53,651 | €108,000 | €97,952 | €108,060 | ▲ 10.3% |
| Trade receivables40 | €795 | €8,283 | €57,192 | €37,078 | ▼ 35.2% |
| Other amounts receivable41 | €52,855 | €99,717 | €40,760 | €70,982 | ▲ 74.1% |
| Cash at bank and in hand54/58 | €8,798 | €26 | €78 | €170 | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | €1,490 | €1,209 | ▼ 18.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62,449 | €108,026 | €105,099 | €113,220 | ▲ 7.7% |
| Equity10/15 | €48,608 | €76,995 | €76,949 | €92,650 | ▲ 20.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €10,000 | ▲ 100% |
| Reserves13 | €43,608 | €71,995 | €71,949 | €82,650 | ▲ 14.9% |
| Distributable reserves133 | €43,608 | €71,995 | €71,949 | €82,650 | ▲ 14.9% |
| Amounts payable17/49 | €13,841 | €31,031 | €28,150 | €20,570 | ▼ 26.9% |
| Amounts payable within one year42/48 | €13,841 | €31,031 | €28,150 | €20,570 | ▼ 26.9% |
| Trade debts44 | €186 | €8,133 | €25,979 | €9,345 | ▼ 64.0% |
| Suppliers440/4 | €186 | €8,133 | €25,979 | €9,345 | ▼ 64.0% |
| Taxes, remuneration and social security45 | €13,655 | €22,898 | €745 | €9,426 | ▲ 13× |
| Taxes450/3 | €13,655 | €22,898 | €745 | €9,426 | ▲ 13× |
| Other amounts payable47/48 | - | - | €1,425 | €1,800 | ▲ 26.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,608 | €28,387 | -€46 | €7,770 | - |
| + Depreciation and write-downs630 | - | - | €1,038 | €1,799 | ▲ 73.3% |
| Operating cash flow (approximation) | €43,608 | €28,387 | €992 | €9,568 | ▲ 864% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | -€8,772 | €52 | €92 | ▲ 76.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.