Financials · financial year 2025, micro format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438586.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 6 filings
Equity
€5,000=
2024 · €5,000
Net result
€52,293▼ 16.1%
2024 · €62,334
Total assets
€80,475▼ 8.4%
2024 · €87,848
Solvency
6.2%▲ 0.5pp
2024 · 5.7%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€72,012
▼ 16.1%
2025
20202025
Net result
€52,293
▼ 16.1%
2025
middle half of the sector
20202025
Equity
€5,000
=
2025
lowest quarter of the sector
20202025
Total assets
€80,475
▼ 8.4%
2025
lowest quarter of the sector
20202025
Debt
€75,475
▼ 8.9%
2025
20202025
Working capital
€5,000
▼ 71.9%
2025
middle half of the sector
20202025
Solvency
6.2%
▲ 0.5pp
2025
lowest quarter of the sector
20202025
Current ratio
1.07
▼ 0.19
2025
middle half of the sector
20202025
Return on assets (ROA)
65.0%
▼ 6.0pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€138,773-€47,110▼ 66.1%€35,268▼ 25.1%€63,907▲ 81.2%€85,867▲ 34.4%€72,012▼ 16.1%
Net result€106,218above the sector's middle half-€25,455within the sector's middle half▼ 76.0%€15,863within the sector's middle half▼ 37.7%€41,651within the sector's middle half▲ 163%€62,334within the sector's middle half▲ 49.7%€52,293within the sector's middle half▼ 16.1%
Equity€36,218below the sector's middle half-€36,673below the sector's middle half▲ 1.3%€5,000below the sector's middle half▼ 86.4%€5,000below the sector's middle half=€5,000below the sector's middle half=€5,000below the sector's middle half=
Total assets€100,324below the sector's middle half-€105,277below the sector's middle half▲ 4.9%€69,523below the sector's middle half▼ 34.0%€75,530below the sector's middle half▲ 8.6%€87,848below the sector's middle half▲ 16.3%€80,475below the sector's middle half▼ 8.4%
Debt€64,106-€68,604▲ 7.0%€64,523▼ 5.9%€70,530▲ 9.3%€82,848▲ 17.5%€75,475▼ 8.9%
Working capital€36,218within the sector's middle half-€36,673within the sector's middle half▲ 1.3%€5,000within the sector's middle half▼ 86.4%€5,000within the sector's middle half=€17,765within the sector's middle half▲ 255%€5,000within the sector's middle half▼ 71.9%
Solvency36.1%within the sector's middle half-34.8%within the sector's middle half▼ 1.3pp7.2%below the sector's middle half▼ 27.6pp6.6%below the sector's middle half▼ 0.6pp5.7%below the sector's middle half▼ 0.9pp6.2%below the sector's middle half▲ 0.5pp
Current ratio1.56within the sector's middle half-1.53within the sector's middle half▼ 0.031.08within the sector's middle half▼ 0.461.07within the sector's middle half▼ 0.011.25within the sector's middle half▲ 0.181.07within the sector's middle half▼ 0.19
Return on assets (ROA)105.9%above the sector's middle half-24.2%above the sector's middle half▼ 81.7pp22.8%within the sector's middle half▼ 1.4pp55.1%above the sector's middle half▲ 32.3pp71.0%above the sector's middle half▲ 15.8pp65.0%above the sector's middle half▼ 6.0pp
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 16% lower than 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
Equity and liabilities €80,475
Equity
€5,000 =
Debt
€75,475 ▼ 8.9%
Debt's share of the balance-sheet total falls from 94.3% to 93.8%. Debt is lower.
Key figures and ratios
Debt ≤ 1 year
€75,475▲
2024 · €70,083
Income taxes
€23,174▼
2024 · €26,244
A ratio outside any meaningful range has been withheld (balance sheet total €80,475, equity €5,000).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,344 | €472 | €1,164 | €654 | €462 | ▼ 29.4% |
| Gross operating margin9900 | €139,987 | €48,455 | €35,740 | €65,070 | €86,521 | €72,473 | ▼ 16.2% |
| Operating profit (loss)9901 | €138,773 | €47,110 | €35,268 | €63,907 | €85,867 | €72,012 | ▼ 16.1% |
| Financial income75/76B | - | €735 | €3,570 | €3,012 | €3,930 | €3,998 | ▲ 1.7% |
| Recurring financial income75 | - | €735 | €3,570 | €3,012 | €3,930 | €3,998 | ▲ 1.7% |
| Financial charges65/66B | - | €143 | €156 | €553 | €1,219 | €542 | ▼ 55.5% |
| Recurring financial charges65 | €193 | €143 | €156 | €553 | €1,219 | €542 | ▼ 55.5% |
| Profit (loss) for the period before taxes9903 | €138,579 | €47,702 | €38,682 | €66,366 | €88,578 | €75,467 | ▼ 14.8% |
| Income taxes67/77 | €32,361 | €22,247 | €22,819 | €24,715 | €26,244 | €23,174 | ▼ 11.7% |
| Profit (loss) for the period9904 | €106,218 | €25,455 | €15,863 | €41,651 | €62,334 | €52,293 | ▼ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €106,218 | €25,455 | €15,863 | €41,651 | €62,334 | €52,293 | ▼ 16.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €100,324 | €105,277 | €69,523 | €75,530 | €87,848 | €80,475 | ▼ 8.4% |
| Current assets29/58 | €100,324 | €105,277 | €69,523 | €75,530 | €87,848 | €80,475 | ▼ 8.4% |
| Amounts receivable within one year40/41 | €24,994 | €42,765 | €53,550 | €48,176 | €62,868 | €74,344 | ▲ 18.3% |
| Trade receivables40 | - | €17,831 | €18,195 | €3,524 | €19,003 | €16,232 | ▼ 14.6% |
| Other amounts receivable41 | - | €24,934 | €35,356 | €44,652 | €43,865 | €58,112 | ▲ 32.5% |
| Current investments50/53 | €6,287 | €6,287 | €6,287 | €6,287 | €6,287 | - | - |
| Cash at bank and in hand54/58 | €68,563 | €56,225 | €9,685 | €20,503 | €18,694 | €6,131 | ▼ 67.2% |
| Deferred charges and accrued income490/1 | - | - | - | €564 | €0 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €100,324 | €105,277 | €69,523 | €75,530 | €87,848 | €80,475 | ▼ 8.4% |
| Equity10/15 | €36,218 | €36,673 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €31,218 | €31,673 | €0 | - | - | - | - |
| Distributable reserves133 | - | €31,673 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €64,106 | €68,604 | €64,523 | €70,530 | €82,848 | €75,475 | ▼ 8.9% |
| Amounts payable within one year42/48 | €64,106 | €68,604 | €64,523 | €70,530 | €70,083 | €75,475 | ▲ 7.7% |
| Financial debts43 | - | - | €2,742 | €3,418 | €3,050 | €4,693 | ▲ 53.9% |
| Credit institutions430/8 | - | - | €2,742 | €3,418 | €3,050 | €4,693 | ▲ 53.9% |
| Trade debts44 | €2,072 | €95 | €1,135 | €2,738 | €2,299 | €125 | ▼ 94.6% |
| Suppliers440/4 | - | €95 | €1,135 | €2,738 | €2,299 | €125 | ▼ 94.6% |
| Taxes, remuneration and social security45 | - | €68,509 | €60,645 | €64,373 | €64,735 | €70,658 | ▲ 9.1% |
| Taxes450/3 | - | €68,134 | €60,645 | €64,373 | €64,735 | €70,658 | ▲ 9.1% |
| Remuneration and social security454/9 | - | €375 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €12,765 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,218 | €25,455 | €15,863 | €41,651 | €62,334 | €52,293 | ▼ 16.1% |
| Operating cash flow (approximation) | €106,218 | €25,455 | €15,863 | €41,651 | €62,334 | €52,293 | ▼ 16.1% |
| Change in cash | - | -€12,338 | -€46,539 | €10,818 | -€1,809 | -€12,563 | ▼ 594% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00438586 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00407457 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00435235 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00404338 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20313765 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-50300527 |