EPIGONE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 7 filings
Turnover
≈ €26,000
Estimated: probably between €11,000 and €66,000
EBIT margin
Not included in this filing
Net result
€16,495▼ 82.8%
2024 · €95,883
Working capital
€39,326▲ 75.8%
2024 · €22,375
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€3,976
2025
20192025
Net result
€16,495
▼ 82.8%
2025
middle half of the sector
20192025
Equity
€115,048
▲ 16.7%
2025
middle half of the sector
20192025
Total assets
€116,446
▲ 3.3%
2025
lowest quarter of the sector
20192025
Debt
€1,398
▼ 90.2%
2025
20192025
Working capital
€39,326
▲ 75.8%
2025
middle half of the sector
20192025
Solvency
98.8%
▲ 11.4pp
2025
highest quarter of the sector
20192025
Current ratio
29.14
▲ 26.57
2025
highest quarter of the sector
20192025
Return on assets (ROA)
14.2%
▼ 70.9pp
2025
middle half of the sector
20192025
Staff (FTE)
0
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€9,738-€1,768▼ 81.8%-€6,062€4,312€8,018▲ 85.9%-€3,228€3,976
Net result€6,805-€34,474within the sector's middle half▲ 407%-€7,269below the sector's middle half€3,424within the sector's middle half€5,893within the sector's middle half▲ 72.1%€95,883within the sector's middle half▲ 16×€16,495within the sector's middle half▼ 82.8%
Equity€13,005-€47,479below the sector's middle half▲ 265%€40,211below the sector's middle half▼ 15.3%€9,624below the sector's middle half▼ 76.1%€15,517below the sector's middle half▲ 61.2%€98,553within the sector's middle half▲ 535%€115,048within the sector's middle half▲ 16.7%
Total assets€88,359-€77,299below the sector's middle half▼ 12.5%€92,669below the sector's middle half▲ 19.9%€78,455below the sector's middle half▼ 15.3%€89,354below the sector's middle half▲ 13.9%€112,773below the sector's middle half▲ 26.2%€116,446below the sector's middle half▲ 3.3%
Debt€75,354-€29,820▼ 60.4%€52,459▲ 75.9%€68,830▲ 31.2%€73,836▲ 7.3%€14,220▼ 80.7%€1,398▼ 90.2%
Working capital-€61,995--€27,521within the sector's middle half▲ 55.6%-€34,790within the sector's middle half▼ 26.4%-€65,376within the sector's middle half▼ 87.9%-€59,483within the sector's middle half▲ 9.0%€22,375within the sector's middle half€39,326within the sector's middle half▲ 75.8%
Solvency14.7%-61.4%within the sector's middle half▲ 46.7pp43.4%within the sector's middle half▼ 18.0pp12.3%below the sector's middle half▼ 31.1pp17.4%below the sector's middle half▲ 5.1pp87.4%above the sector's middle half▲ 70.0pp98.8%above the sector's middle half▲ 11.4pp
Current ratio0.18-0.08below the sector's middle half▼ 0.100.34below the sector's middle half▲ 0.260.05below the sector's middle half▼ 0.290.19below the sector's middle half▲ 0.142.57within the sector's middle half▲ 2.3829.14above the sector's middle half▲ 26.57
Return on assets (ROA)7.7%-44.6%above the sector's middle half▲ 36.9pp-7.8%below the sector's middle half▼ 52.4pp4.4%within the sector's middle half▲ 12.2pp6.6%within the sector's middle half▲ 2.2pp85.0%above the sector's middle half▲ 78.4pp14.2%within the sector's middle half▼ 70.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0within the sector's middle half
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 a profit of €3,976, after a loss of €3,228 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,446
Fixed assets
€75,722 ▼ 0.6%
Current assets
€40,724 ▲ 11.3%
Equity and liabilities €116,446
Equity
€115,048 ▲ 16.7%
Debt
€1,398 ▼ 90.2%
Debt's share of the balance-sheet total falls from 12.6% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,433▲
2024 · -€3,037
Cash flow
€16,952▼
2024 · €96,073
Debt to equity
0.01▼
2024 · 0.14
ROE
14.3%▼
2024 · 97.3%
Interest coverage
1.44▲
2024 · -2.56
Debt ≤ 1 year
€1,398▼
2024 · €14,220
Income taxes
€165▲
2024 · €160
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 | - | - | - | €1,369 | - |
| Depreciation and write-downs of the year | - | - | - | €191 | €456 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €191 | €456 | ▲ 139% |
| Other operating charges640/8 | - | - | €348 | €348 | €384 | €387 | €2,073 | ▲ 435% |
| Gross operating margin9900 | €10,085 | €2,116 | -€5,715 | €4,660 | €8,402 | -€2,650 | €6,505 | - |
| Operating profit (loss)9901 | €9,738 | €1,768 | -€6,062 | €4,312 | €8,018 | -€3,228 | €3,976 | - |
| Financial income75/76B | - | - | €0 | - | - | €100,456 | €15,761 | ▼ 84.3% |
| Recurring financial income75 | - | - | €0 | - | - | €100,456 | €15,761 | ▼ 84.3% |
| Non-recurring financial income76B | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €1,055 | €888 | €852 | €1,186 | €3,077 | ▲ 159% |
| Recurring financial charges65 | €74 | €152 | €1,055 | €888 | €852 | €1,186 | €3,077 | ▲ 159% |
| Profit (loss) for the period before taxes9903 | €9,663 | €34,945 | -€7,117 | €3,424 | €7,166 | €96,043 | €16,660 | ▼ 82.7% |
| Income taxes67/77 | €2,858 | €471 | €151 | €0 | €1,273 | €160 | €165 | ▲ 3.1% |
| Profit (loss) for the period9904 | €6,805 | €34,474 | -€7,269 | €3,424 | €5,893 | €95,883 | €16,495 | ▼ 82.8% |
| Profit (loss) for the period to be appropriated9905 | €6,805 | €34,474 | -€7,269 | €3,424 | €5,893 | €95,883 | €16,495 | ▼ 82.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €88,359 | €77,299 | €92,669 | €78,455 | €89,354 | €112,773 | €116,446 | ▲ 3.3% |
| Fixed assets21/28 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €76,178 | €75,722 | ▼ 0.6% |
| Tangible fixed assets22/27 | - | - | - | - | - | €1,178 | €722 | ▼ 38.7% |
| Furniture and vehicles24 | - | - | - | - | - | €1,178 | €722 | ▼ 38.7% |
| Financial fixed assets28 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Current assets29/58 | €13,359 | €2,299 | €17,669 | €3,455 | €14,354 | €36,595 | €40,724 | ▲ 11.3% |
| Amounts receivable within one year40/41 | - | €328 | €0 | - | €3,680 | €17,088 | €33,414 | ▲ 95.5% |
| Other amounts receivable41 | - | - | €0 | - | €3,680 | €17,088 | €33,414 | ▲ 95.5% |
| Cash at bank and in hand54/58 | €13,359 | €1,571 | €17,257 | €3,027 | €10,228 | €18,613 | €6,510 | ▼ 65.0% |
| Deferred charges and accrued income490/1 | - | - | €412 | €427 | €446 | €894 | €800 | ▼ 10.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €88,359 | €77,299 | €92,669 | €78,455 | €89,354 | €112,773 | €116,446 | ▲ 3.3% |
| Equity10/15 | €13,005 | €47,479 | €40,211 | €9,624 | €15,517 | €98,553 | €115,048 | ▲ 16.7% |
| Contributions10/11 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €6,805 | €41,279 | €34,011 | €3,424 | €9,317 | €92,353 | €108,848 | ▲ 17.9% |
| Amounts payable17/49 | €75,354 | €29,820 | €52,459 | €68,830 | €73,836 | €14,220 | €1,398 | ▼ 90.2% |
| Amounts payable within one year42/48 | €75,354 | €29,820 | €52,459 | €68,830 | €73,836 | €14,220 | €1,398 | ▼ 90.2% |
| Trade debts44 | - | €611 | €628 | €647 | €691 | €100 | €1,398 | ▲ 14× |
| Suppliers440/4 | - | - | €628 | €647 | €691 | €100 | €1,398 | ▲ 14× |
| Taxes, remuneration and social security45 | - | - | €622 | €0 | €1,273 | €1,273 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €622 | €0 | €1,273 | €1,273 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €51,209 | €68,183 | €71,872 | €12,847 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,805 | €34,474 | -€7,269 | €3,424 | €5,893 | €95,883 | €16,495 | ▼ 82.8% |
| + Depreciation and write-downs630 | - | - | - | - | - | €191 | €456 | ▲ 139% |
| Operating cash flow (approximation) | €6,805 | €34,474 | -€7,269 | €3,424 | €5,893 | €96,073 | €16,952 | ▼ 82.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€1,369 | €0 | - |
| Change in cash | - | -€11,788 | €15,686 | -€14,230 | €7,201 | €8,385 | -€12,103 | - |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00187061 | |
| 31-12-2024 | full format | 15-07-2025 | 2025-00270069 | |
| 31-12-2023 | full format | 26-06-2024 | 2024-00164466 | |
| 31-12-2022 | full format | 24-08-2023 | 2023-00347246 | |
| 31-12-2021 | full format | 19-08-2022 | 2022-20297850 | |
| 31-12-2020 | full format | 12-08-2021 | 2021-47700375 | |
| 31-12-2019 | full format | 24-08-2020 | 2020-43700271 |