Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-07-2026 at the NBB all 3 filings
Equity
€176,146▲ 60.0%
2024 · €110,104
Net result
€66,041▲ 80.6%
2024 · €36,570
Total assets
€417,381▲ 1.9%
2024 · €409,791
Solvency
42.2%▲ 15.3pp
2024 · 26.9%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€100,239
▲ 72.6%
2025
20232025
Net result
€66,041
▲ 80.6%
2025
middle half of the sector
20232025
Equity
€176,146
▲ 60.0%
2025
middle half of the sector
20232025
Total assets
€417,381
▲ 1.9%
2025
middle half of the sector
20232025
Debt
€241,235
▼ 19.5%
2025
20232025
Working capital
-€115,802
▼ 4.5%
2025
lowest quarter of the sector
20232025
Solvency
42.2%
▲ 15.3pp
2025
middle half of the sector
20232025
Current ratio
0.29
▲ 0.03
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
15.8%
▲ 6.9pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€99,775-€58,078▼ 41.8%€100,239▲ 72.6%
Net result€71,034within the sector's middle half-€36,570within the sector's middle half▼ 48.5%€66,041within the sector's middle half▲ 80.6%
Equity€73,534within the sector's middle half-€110,104within the sector's middle half▲ 49.7%€176,146within the sector's middle half▲ 60.0%
Total assets€322,016within the sector's middle half-€409,791within the sector's middle half▲ 27.3%€417,381within the sector's middle half▲ 1.9%
Debt€248,482-€299,687▲ 20.6%€241,235▼ 19.5%
Working capital-€55,407below the sector's middle half--€110,790below the sector's middle half▼ 100.0%-€115,802below the sector's middle half▼ 4.5%
Solvency22.8%below the sector's middle half-26.9%within the sector's middle half▲ 4.0pp42.2%within the sector's middle half▲ 15.3pp
Current ratio0.57below the sector's middle half-0.26below the sector's middle half▼ 0.310.29below the sector's middle half▲ 0.03
Return on assets (ROA)22.1%within the sector's middle half-8.9%within the sector's middle half▼ 13.1pp15.8%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 73% higher than in 2024 and the highest since 2023. 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 €417,381
Fixed assets
€370,924 =
Current assets
€46,457 ▲ 19.5%
Equity and liabilities €417,381
Equity
€176,146 ▲ 60.0%
Debt
€241,235 ▼ 19.5%
Debt's share of the balance-sheet total falls from 73.1% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
37.5%▲
2024 · 33.2%
Debt ≤ 1 year
€162,259▲
2024 · €149,657
Debt > 1 year
€75,436▼
2024 · €150,030
Income taxes
€22,447▲
2024 · €9,893
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €250,000 | €120,924 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €108 | €387 | €244 | ▼ 37.0% |
| Gross operating margin9900 | €99,883 | €58,465 | €100,483 | ▲ 71.9% |
| Operating profit (loss)9901 | €99,775 | €58,078 | €100,239 | ▲ 72.6% |
| Financial income75/76B | - | €1 | €1,436 | ▲ 2,563× |
| Recurring financial income75 | - | €1 | €1,436 | ▲ 2,563× |
| Financial charges65/66B | €10,489 | €11,615 | €13,186 | ▲ 13.5% |
| Recurring financial charges65 | €10,489 | €11,615 | €13,186 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | €89,287 | €46,464 | €88,489 | ▲ 90.4% |
| Income taxes67/77 | €18,253 | €9,893 | €22,447 | ▲ 127% |
| Profit (loss) for the period9904 | €71,034 | €36,570 | €66,041 | ▲ 80.6% |
| Profit (loss) for the period to be appropriated9905 | €71,034 | €36,570 | €66,041 | ▲ 80.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €322,016 | €409,791 | €417,381 | ▲ 1.9% |
| Fixed assets21/28 | €250,000 | €370,924 | €370,924 | = |
| Financial fixed assets28 | €250,000 | €370,924 | €370,924 | = |
| Current assets29/58 | €72,016 | €38,867 | €46,457 | ▲ 19.5% |
| Amounts receivable within one year40/41 | €71,240 | €36,216 | €44,513 | ▲ 22.9% |
| Trade receivables40 | €64,459 | €11,022 | €14,162 | ▲ 28.5% |
| Other amounts receivable41 | €6,782 | €25,195 | €30,351 | ▲ 20.5% |
| Cash at bank and in hand54/58 | €776 | €2,650 | €1,944 | ▼ 26.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €322,016 | €409,791 | €417,381 | ▲ 1.9% |
| Equity10/15 | €73,534 | €110,104 | €176,146 | ▲ 60.0% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €71,034 | €107,604 | €173,646 | ▲ 61.4% |
| Amounts payable17/49 | €248,482 | €299,687 | €241,235 | ▼ 19.5% |
| Amounts payable after more than one year17 | €121,059 | €150,030 | €75,436 | ▼ 49.7% |
| Financial debts170/4 | €121,059 | €150,030 | €75,436 | ▼ 49.7% |
| Amounts payable within one year42/48 | €127,423 | €149,657 | €162,259 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | €48,080 | €69,223 | €74,594 | ▲ 7.8% |
| Trade debts44 | - | €3,240 | €5,324 | ▲ 64.3% |
| Suppliers440/4 | - | €3,240 | €5,324 | ▲ 64.3% |
| Taxes, remuneration and social security45 | €29,343 | €27,194 | €32,341 | ▲ 18.9% |
| Taxes450/3 | €29,343 | €27,194 | €32,341 | ▲ 18.9% |
| Other amounts payable47/48 | €50,000 | €50,000 | €50,000 | = |
| Accrued charges and deferred income492/3 | - | - | €3,540 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,034 | €36,570 | €66,041 | ▲ 80.6% |
| Operating cash flow (approximation) | €71,034 | €36,570 | €66,041 | ▲ 80.6% |
| Investment in fixed assets (approximation) | - | -€120,924 | €0 | - |
| Change in cash | - | €1,874 | -€707 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.