Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 21 filings
Turnover
≈ €82,000
Estimated: probably between €36,000 and €210,000
Total assets
€2.3m▼ 11.7%
2024 · €2.6m
Net result
€205,888▼ 2.8%
2024 · €211,925
Working capital
€855,666▼ 26.5%
2024 · €1.2m
In the rankings
#7 company by equity in Stabroek, Professional and technical services sector#9 company by total assets in Stabroek, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€19,258
▼ 1.0%
2025
20182025
Net result
€205,888
▼ 2.8%
2025
highest quarter of the sector
20182025
Equity
€1.5m
▼ 17.8%
2025
highest quarter of the sector
20182025
Total assets
€2.3m
▼ 11.7%
2025
middle half of the sector
20182025
Debt
€812,136
▲ 2.2%
2025
20182025
Working capital
€855,666
▼ 26.5%
2025
highest quarter of the sector
20182025
Solvency
64.7%
▼ 4.8pp
2025
middle half of the sector
20182025
Current ratio
89.80
2025
highest quarter of the sector
20182025
Return on assets (ROA)
9.0%
▲ 0.8pp
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€0.01m-€0.01m▼ 2.6%€0.01m▼ 2.7%€0.007m▼ 26.5%€0.01m▲ 27.2%€0.02m▲ 135%€0.02m▼ 13.3%€0.02m▼ 1.0%
Net result€0.07m-€0.08m▲ 1.0%€0.07mabove the sector's middle half▼ 2.2%€0.1mabove the sector's middle half▲ 35.1%€0.2mabove the sector's middle half▲ 59.1%€0.2mabove the sector's middle half▲ 29.0%€0.2mabove the sector's middle half▲ 3.9%€0.2mabove the sector's middle half▼ 2.8%
Equity€1.0m-€1.1m▲ 7.6%€1.1mabove the sector's middle half▲ 6.9%€1.2mabove the sector's middle half▲ 8.8%€1.4mabove the sector's middle half▲ 12.8%€1.6mabove the sector's middle half▲ 14.7%€1.8mabove the sector's middle half▲ 13.3%€1.5mabove the sector's middle half▼ 17.8%
Total assets€1.0m-€1.1m▲ 7.8%€1.1mabove the sector's middle half▲ 7.0%€2.0mabove the sector's middle half▲ 74.4%€2.2mabove the sector's middle half▲ 8.3%€2.4mabove the sector's middle half▲ 10.3%€2.6mabove the sector's middle half▲ 9.5%€2.3mwithin the sector's middle half▼ 11.7%
Debt€0.003m-€0.005m▲ 48.7%€0.006m▲ 29.4%€0.8m▲ 121×€0.8m▲ 0.9%€0.8m▲ 2.4%€0.8m▲ 1.8%€0.8m▲ 2.2%
Working capital€0.3m-€0.4m▲ 22.1%€0.5mabove the sector's middle half▲ 17.7%€0.6mabove the sector's middle half▲ 12.5%€0.7mabove the sector's middle half▲ 30.5%€0.9mabove the sector's middle half▲ 30.7%€1.2mabove the sector's middle half▲ 24.0%€0.9mabove the sector's middle half▼ 26.5%
Solvency99.7%-99.5%▼ 0.1pp99.5%above the sector's middle half▼ 0.1pp62.0%within the sector's middle half▼ 37.4pp64.6%within the sector's middle half▲ 2.6pp67.2%within the sector's middle half▲ 2.5pp69.5%within the sector's middle half▲ 2.3pp64.7%within the sector's middle half▼ 4.8pp
Current ratio87.0079.24above the sector's middle half▼ 7.7689.80above the sector's middle half
Return on assets (ROA)7.5%-7.1%▼ 0.5pp6.5%within the sector's middle half▼ 0.6pp5.0%within the sector's middle half▼ 1.5pp7.3%within the sector's middle half▲ 2.3pp8.6%within the sector's middle half▲ 1.2pp8.1%within the sector's middle half▼ 0.4pp9.0%within the sector's middle half▲ 0.8pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 1% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or 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 €2.3m
Fixed assets
€1.4m =
Current assets
€865,302 ▼ 26.0%
Equity and liabilities €2.3m
Equity
€1.5m ▼ 17.8%
Debt
€812,136 ▲ 2.2%
Debt's share of the balance-sheet total rises from 30.5% to 35.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
13.9%▲
2024 · 11.7%
Debt ≤ 1 year
€9,636▲
2024 · €4,922
Debt > 1 year
€750,000=
2024 · €750,000
Income taxes
€5,317
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 |
|---|---|---|---|---|---|
| Financial fixed assets | €788,000 | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,024 | €1,027 | €1,133 | €1,255 | €1,150 | ▼ 8.4% |
| Gross operating margin9900 | €11,779 | €11,504 | €11,222 | €8,520 | €10,561 | €23,572 | €20,712 | €20,408 | ▼ 1.5% |
| Operating profit (loss)9901 | €10,762 | €10,484 | €10,199 | €7,496 | €9,534 | €22,439 | €19,457 | €19,258 | ▼ 1.0% |
| Financial income75/76B | - | - | - | €93,928 | €158,408 | €198,010 | €205,946 | €205,126 | ▼ 0.4% |
| Recurring financial income75 | €68,261 | €68,110 | €66,025 | €93,928 | €158,408 | €198,010 | €205,946 | €205,126 | ▼ 0.4% |
| Financial charges65/66B | - | - | - | €51 | €9,891 | €16,454 | €13,478 | €13,179 | ▼ 2.2% |
| Recurring financial charges65 | €31 | €42 | €58 | €51 | €9,891 | €16,454 | €13,478 | €13,179 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €78,992 | €78,551 | €76,166 | €101,373 | €158,051 | €203,995 | €211,925 | €211,205 | ▼ 0.3% |
| Income taxes67/77 | €4,461 | €3,284 | €2,591 | €2,000 | -€44 | - | - | €5,317 | - |
| Profit (loss) for the period9904 | €74,531 | €75,267 | €73,575 | €99,373 | €158,095 | €203,995 | €211,925 | €205,888 | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €74,531 | €75,267 | €73,575 | €99,373 | €158,095 | €203,995 | €211,925 | €205,888 | ▼ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.1m | €1.1m | €2.0m | €2.2m | €2.4m | €2.6m | €2.3m | ▼ 11.7% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Financial fixed assets28 | €0.6m | €0.6m | €0.6m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.9m | €1.2m | €0.9m | ▼ 26.0% |
| Amounts receivable within one year40/41 | €0.07m | €0.07m | €0.07m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 1.5% |
| Trade receivables40 | - | - | - | €0.004m | €0.004m | €0.008m | €0.005m | €0.008m | ▲ 68.2% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current investments50/53 | - | - | - | - | - | - | €0.7m | €0.6m | ▼ 7.7% |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | €0.7m | €0.3m | €0.06m | ▼ 81.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.1m | €2.0m | €2.2m | €2.4m | €2.6m | €2.3m | ▼ 11.7% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €1.2m | €1.4m | €1.6m | €1.8m | €1.5m | ▼ 17.8% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.06m | ▼ 89.6% |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.06m | ▼ 89.6% |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.06m | ▼ 89.6% |
| Reserves13 | €0.4m | €0.5m | €0.5m | €0.6m | €0.8m | €1.0m | €1.2m | €1.4m | ▲ 16.9% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | €0.6m | €0.8m | €0.9m | €1.2m | €1.4m | ▲ 17.8% |
| Profit (loss) carried forward14 | €95 | €62 | €38 | €10 | €15 | €10 | €35 | €24 | ▼ 33.2% |
| Amounts payable17/49 | €0.003m | €0.005m | €0.006m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▲ 2.2% |
| Amounts payable after more than one year17 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Financial debts170/4 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Amounts payable within one year42/48 | €0.003m | €0.005m | €0.006m | €0.005m | €0.002m | €0.004m | €0.005m | €0.01m | ▲ 95.8% |
| Trade debts44 | - | - | €0.003m | - | - | €0.001m | - | €0.005m | - |
| Suppliers440/4 | - | - | - | - | - | €0.001m | - | €0.005m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.002m | €0.003m | €0.005m | €0.005m | ▼ 1.5% |
| Taxes450/3 | - | - | - | €0.005m | €0.002m | €0.003m | €0.005m | €0.005m | ▼ 1.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.01m | €0.03m | €0.04m | €0.05m | ▲ 33.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,531 | €75,267 | €73,575 | €99,373 | €158,095 | €203,995 | €211,925 | €205,888 | ▼ 2.8% |
| Operating cash flow (approximation) | €74,531 | €75,267 | €73,575 | €99,373 | €158,095 | €203,995 | €211,925 | €205,888 | ▼ 2.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€788,000 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €80,806 | €74,539 | €30,979 | €100,624 | €178,586 | -€420,727 | -€256,758 | ▲ 39.0% |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-07-2026 | 2026-00319600 | |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00294103 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00273667 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00238077 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20213598 | |
| 31-12-2020 | micro format | 26-07-2021 | 2021-40300299 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-36400280 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-27300334 | |
| 31-12-2017 | micro format | 16-07-2018 | 2018-34500214 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-38300007 |