Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00463895.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 35 filings
Equity
€93,436▼ 6.0%
2024 · €99,352
Net result
-€5,916▲ 60.5%
2024 · -€14,964
Total assets
€163,130▼ 4.5%
2024 · €170,833
Solvency
57.3%▼ 0.9pp
2024 · 58.2%
In the rankings
#3 oldest company in Herent, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,692
▲ 75.8%
2025
20182025
Net result
-€5,916
▲ 60.5%
2025
lowest quarter of the sector
20182025
Equity
€93,436
▼ 6.0%
2025
middle half of the sector
20182025
Total assets
€163,130
▼ 4.5%
2025
middle half of the sector
20182025
Debt
€62,694
▼ 2.8%
2025
20182025
Working capital
-€26,412
▲ 32.0%
2025
lowest quarter of the sector
20182025
Solvency
57.3%
▼ 0.9pp
2025
middle half of the sector
20182025
Current ratio
0.28
▲ 0.17
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-3.6%
▲ 5.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€72,454-€530▼ 99.3%€2,471▲ 366%€25,545▲ 934%€4,220▼ 83.5%-€2,945-€11,135▼ 278%-€2,692▲ 75.8%
Net result€64,809--€2,465€93below the sector's middle half€25,666within the sector's middle half▲ 277×€2,078below the sector's middle half▼ 91.9%-€6,438below the sector's middle half-€14,964below the sector's middle half▼ 132%-€5,916below the sector's middle half▲ 60.5%
Equity€118,384-€115,918▼ 2.1%€116,011within the sector's middle half▲ 0.1%€118,676within the sector's middle half▲ 2.3%€120,754within the sector's middle half▲ 1.8%€114,316within the sector's middle half▼ 5.3%€99,352within the sector's middle half▼ 13.1%€93,436within the sector's middle half▼ 6.0%
Total assets€315,213-€290,713▼ 7.8%€318,140within the sector's middle half▲ 9.4%€321,341within the sector's middle half▲ 1.0%€255,390within the sector's middle half▼ 20.5%€186,214within the sector's middle half▼ 27.1%€170,833within the sector's middle half▼ 8.3%€163,130within the sector's middle half▼ 4.5%
Debt€189,829-€167,795▼ 11.6%€195,129▲ 16.3%€195,665▲ 0.3%€127,636▼ 34.8%€64,898▼ 49.2%€64,482▼ 0.6%€62,694▼ 2.8%
Working capital-€7,893--€21,761▼ 176%-€59,113below the sector's middle half▼ 172%-€54,393below the sector's middle half▲ 8.0%-€63,450below the sector's middle half▼ 16.7%-€54,472below the sector's middle half▲ 14.1%-€38,828below the sector's middle half▲ 28.7%-€26,412below the sector's middle half▲ 32.0%
Solvency37.6%-39.9%▲ 2.3pp36.5%within the sector's middle half▼ 3.4pp36.9%within the sector's middle half▲ 0.5pp47.3%within the sector's middle half▲ 10.4pp61.4%within the sector's middle half▲ 14.1pp58.2%within the sector's middle half▼ 3.2pp57.3%within the sector's middle half▼ 0.9pp
Current ratio0.93-0.81▼ 0.120.62within the sector's middle half▼ 0.200.69within the sector's middle half▲ 0.070.50below the sector's middle half▼ 0.190.11below the sector's middle half▼ 0.390.11below the sector's middle half=0.28below the sector's middle half▲ 0.17
Return on assets (ROA)20.6%--0.8%▼ 21.4pp0.0%below the sector's middle half▲ 0.9pp8.0%within the sector's middle half▲ 8.0pp0.8%below the sector's middle half▼ 7.2pp-3.5%below the sector's middle half▼ 4.3pp-8.8%below the sector's middle half▼ 5.3pp-3.6%below the sector's middle half▲ 5.1pp
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 a loss of €2,692, smaller than the loss of €11,135 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 €163,130
Fixed assets
€152,793 ▼ 8.0%
Current assets
€10,337 ▲ 120%
Equity and liabilities €163,130
Equity
€93,436 ▼ 6.0%
Provisions
€7,000 =
Debt
€62,694 ▼ 2.8%
Debt's share of the balance-sheet total rises from 37.7% to 38.4%. Equity and debt are lower.
Key figures and ratios
ROE
-6.3%▲
2024 · -15.1%
Debt ≤ 1 year
€36,749▼
2024 · €43,537
Debt > 1 year
€20,000=
2024 · €20,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,149 | €5,522 | - | - | - |
| Depreciation and write-downs of the year | €13,329 | €13,332 | €13,332 | €13,332 | €13,332 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
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 | €7,850 | €7,850 | €10,488 | €13,329 | €13,332 | €13,332 | €13,332 | €13,332 | = |
| Other operating charges640/8 | - | - | - | €2,636 | €3,093 | €2,947 | €2,167 | €2,474 | ▲ 14.2% |
| Gross operating margin9900 | €82,046 | €10,438 | €15,397 | €41,511 | €20,645 | €13,334 | €4,364 | €13,113 | ▲ 200% |
| Operating profit (loss)9901 | €72,454 | €530 | €2,471 | €25,545 | €4,220 | -€2,945 | -€11,135 | -€2,692 | ▲ 75.8% |
| Financial income75/76B | - | - | - | €1,690 | - | - | - | - | - |
| Recurring financial income75 | - | - | - | €1,690 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,569 | €2,010 | €3,021 | €3,830 | €3,224 | ▼ 15.8% |
| Recurring financial charges65 | €3,337 | €2,437 | €2,006 | €1,569 | €2,010 | €3,021 | €3,830 | €3,224 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €69,118 | -€1,906 | €464 | €25,666 | €2,211 | -€5,966 | -€14,964 | -€5,916 | ▲ 60.5% |
| Income taxes67/77 | €4,309 | €559 | €372 | - | €133 | €472 | - | - | - |
| Profit (loss) for the period9904 | €64,809 | -€2,465 | €93 | €25,666 | €2,078 | -€6,438 | -€14,964 | -€5,916 | ▲ 60.5% |
| Profit (loss) for the period to be appropriated9905 | €64,809 | -€2,465 | €93 | €25,666 | €2,078 | -€6,438 | -€14,964 | -€5,916 | ▲ 60.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €315,213 | €290,713 | €318,140 | €321,341 | €255,390 | €186,214 | €170,833 | €163,130 | ▼ 4.5% |
| Fixed assets21/28 | €203,110 | €195,260 | €222,972 | €200,599 | €192,789 | €179,457 | €166,125 | €152,793 | ▼ 8.0% |
| Tangible fixed assets22/27 | €203,110 | €195,260 | €222,972 | €200,599 | €192,789 | €179,457 | €166,125 | €152,793 | ▼ 8.0% |
| Land and buildings22 | - | - | - | €179,765 | €172,167 | €164,569 | €156,971 | €149,373 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €1,214 | €5,362 | €3,987 | €2,613 | €1,239 | ▼ 52.6% |
| Furniture and vehicles24 | - | - | - | €19,620 | €15,260 | €10,900 | €6,540 | €2,180 | ▼ 66.7% |
| Current assets29/58 | €112,102 | €95,453 | €95,167 | €120,742 | €62,601 | €6,757 | €4,709 | €10,337 | ▲ 120% |
| Stocks and contracts in progress3 | - | - | - | - | €12,059 | - | - | - | - |
| Contracts in progress37 | - | - | - | - | €12,059 | - | - | - | - |
| Amounts receivable within one year40/41 | €107,603 | €94,660 | €92,882 | €117,689 | €22,785 | €3,419 | €3,087 | €7,904 | ▲ 156% |
| Trade receivables40 | - | - | - | €32,174 | €20,000 | €3,250 | €3,087 | €7,904 | ▲ 156% |
| Other amounts receivable41 | - | - | - | €85,515 | €2,785 | €169 | - | - | - |
| Cash at bank and in hand54/58 | €3,728 | €67 | €1,074 | €1,863 | €26,489 | €2,035 | €255 | €1,185 | ▲ 365% |
| Deferred charges and accrued income490/1 | - | - | - | €1,189 | €1,268 | €1,304 | €1,367 | €1,247 | ▼ 8.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €315,213 | €290,713 | €318,140 | €321,341 | €255,390 | €186,214 | €170,833 | €163,130 | ▼ 4.5% |
| Equity10/15 | €118,384 | €115,918 | €116,011 | €118,676 | €120,754 | €114,316 | €99,352 | €93,436 | ▼ 6.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €99,784 | €99,784 | €99,784 | €99,784 | €99,784 | €95,716 | €80,752 | €74,836 | ▼ 7.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €97,924 | €97,924 | €93,856 | €78,892 | €72,976 | ▼ 7.5% |
| Profit (loss) carried forward14 | - | -€2,465 | -€2,373 | €293 | €2,370 | - | - | - | - |
| Provisions and deferred taxes16 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Other liabilities and charges164/5 | - | - | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Amounts payable17/49 | €189,829 | €167,795 | €195,129 | €195,665 | €127,636 | €64,898 | €64,482 | €62,694 | ▼ 2.8% |
| Amounts payable after more than one year17 | €68,280 | €49,027 | €39,178 | €19,023 | - | - | €20,000 | €20,000 | = |
| Financial debts170/4 | - | - | - | €19,023 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €119,995 | €117,214 | €154,281 | €175,135 | €126,051 | €61,229 | €43,537 | €36,749 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,155 | €21,023 | - | - | - | - |
| Trade debts44 | €130 | €66,789 | €89,914 | €131,608 | €62,367 | - | - | €400 | - |
| Suppliers440/4 | - | - | - | €131,608 | €62,367 | - | - | €400 | - |
| Taxes, remuneration and social security45 | - | - | - | €120 | €910 | - | €1,770 | €1,237 | ▼ 30.1% |
| Taxes450/3 | - | - | - | €120 | €910 | - | €1,770 | €1,237 | ▼ 30.1% |
| Other amounts payable47/48 | - | - | - | €23,252 | €41,751 | €61,229 | €41,766 | €35,112 | ▼ 15.9% |
| Accrued charges and deferred income492/3 | - | - | - | €1,507 | €1,585 | €3,669 | €945 | €5,945 | ▲ 529% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,809 | -€2,465 | €93 | €25,666 | €2,078 | -€6,438 | -€14,964 | -€5,916 | ▲ 60.5% |
| + Depreciation and write-downs630 | €7,850 | €7,850 | €10,488 | €13,329 | €13,332 | €13,332 | €13,332 | €13,332 | = |
| Operating cash flow (approximation) | €72,659 | €5,385 | €10,580 | €38,995 | €15,410 | €6,894 | -€1,632 | €7,416 | - |
| Investment in fixed assets (approximation) | - | €0 | -€38,200 | €9,044 | -€5,522 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,660 | €1,006 | €790 | €24,626 | -€24,454 | -€1,780 | €930 | - |
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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00463895 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00433530 | |
| 31-12-2023 | micro format | 18-09-2024 | 2024-00464125 | |
| 31-12-2022 | micro format | 28-09-2023 | 2023-00456646 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20362603 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-51800223 | |
| 31-12-2019 | micro format | 23-10-2020 | 2020-62600087 | |
| 31-12-2018 | micro format | 23-10-2020 | 2020-62600086 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55200423 | |
| 31-12-2016 | micro format | 17-10-2017 | 2017-67300490 |