Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 3 filings
Equity
€77,647▲ 66.7%
2024 · €46,590
Net result
€31,057▼ 9.6%
2024 · €34,348
Total assets
€90,916▲ 48.7%
2024 · €61,156
Solvency
85.4%▲ 9.2pp
2024 · 76.2%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€40,903
▼ 9.1%
2025
20232025
Net result
€31,057
▼ 9.6%
2025
middle half of the sector
20232025
Equity
€77,647
▲ 66.7%
2025
middle half of the sector
20232025
Total assets
€90,916
▲ 48.7%
2025
lowest quarter of the sector
20232025
Debt
€13,269
▼ 8.9%
2025
20232025
Working capital
€77,647
▲ 66.7%
2025
middle half of the sector
20232025
Solvency
85.4%
▲ 9.2pp
2025
highest quarter of the sector
20232025
Current ratio
6.85
▲ 2.65
2025
highest quarter of the sector
20232025
Return on assets (ROA)
34.2%
▼ 22.0pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€14,973-€45,022▲ 201%€40,903▼ 9.1%
Net result€11,242within the sector's middle half-€34,348within the sector's middle half▲ 206%€31,057within the sector's middle half▼ 9.6%
Equity€12,242below the sector's middle half-€46,590within the sector's middle half▲ 281%€77,647within the sector's middle half▲ 66.7%
Total assets€22,415below the sector's middle half-€61,156below the sector's middle half▲ 173%€90,916below the sector's middle half▲ 48.7%
Debt€10,173-€14,566▲ 43.2%€13,269▼ 8.9%
Working capital€12,242within the sector's middle half-€46,590within the sector's middle half▲ 281%€77,647within the sector's middle half▲ 66.7%
Solvency54.6%within the sector's middle half-76.2%within the sector's middle half▲ 21.6pp85.4%above the sector's middle half▲ 9.2pp
Current ratio2.20within the sector's middle half-4.20within the sector's middle half▲ 2.006.85above the sector's middle half▲ 2.65
Return on assets (ROA)50.2%above the sector's middle half-56.2%above the sector's middle half▲ 6.0pp34.2%above the sector's middle half▼ 22.0pp
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 9% 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 €90,916
Equity
€77,647 ▲ 66.7%
Debt
€13,269 ▼ 8.9%
Debt's share of the balance-sheet total falls from 23.8% to 14.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
40.0%▼
2024 · 73.7%
Debt ≤ 1 year
€13,269▼
2024 · €14,566
Income taxes
€8,474▼
2024 · €9,129
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €813 | €64 | €523 | ▲ 720% |
| Gross operating margin9900 | €15,786 | €45,086 | €41,427 | ▼ 8.1% |
| Operating profit (loss)9901 | €14,973 | €45,022 | €40,903 | ▼ 9.1% |
| Financial income75/76B | €0 | €0 | €0 | - |
| Recurring financial income75 | €0 | €0 | €0 | - |
| Financial charges65/66B | €675 | €1,544 | €1,373 | ▼ 11.1% |
| Recurring financial charges65 | €675 | €1,544 | €1,373 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €14,298 | €43,477 | €39,531 | ▼ 9.1% |
| Income taxes67/77 | €3,056 | €9,129 | €8,474 | ▼ 7.2% |
| Profit (loss) for the period9904 | €11,242 | €34,348 | €31,057 | ▼ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €11,242 | €34,348 | €31,057 | ▼ 9.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €22,415 | €61,156 | €90,916 | ▲ 48.7% |
| Current assets29/58 | €22,415 | €61,156 | €90,916 | ▲ 48.7% |
| Amounts receivable within one year40/41 | €10,728 | €0 | €9,701 | - |
| Trade receivables40 | €10,728 | €0 | €9,701 | - |
| Cash at bank and in hand54/58 | €10,335 | €59,587 | €79,576 | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €1,352 | €1,568 | €1,638 | ▲ 4.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €22,415 | €61,156 | €90,916 | ▲ 48.7% |
| Equity10/15 | €12,242 | €46,590 | €77,647 | ▲ 66.7% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €11,242 | €45,590 | €76,647 | ▲ 68.1% |
| Distributable reserves133 | €11,242 | €45,590 | €76,647 | ▲ 68.1% |
| Amounts payable17/49 | €10,173 | €14,566 | €13,269 | ▼ 8.9% |
| Amounts payable within one year42/48 | €10,173 | €14,566 | €13,269 | ▼ 8.9% |
| Trade debts44 | €63 | €232 | €0 | ▼ 100% |
| Suppliers440/4 | €63 | €232 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €10,030 | €14,265 | €13,259 | ▼ 7.0% |
| Taxes450/3 | €8,042 | €12,243 | €13,259 | ▲ 8.3% |
| Remuneration and social security454/9 | €1,988 | €2,022 | €0 | ▼ 100% |
| Other amounts payable47/48 | €80 | €69 | €10 | ▼ 85.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,242 | €34,348 | €31,057 | ▼ 9.6% |
| Operating cash flow (approximation) | €11,242 | €34,348 | €31,057 | ▼ 9.6% |
| Change in cash | - | €49,252 | €19,988 | ▼ 59.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.