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Private limited companyfounded 2010active for 16 yearsNieuwpoortlaan 15b, 3600 Genk, BelgiumKBO/BCE: BE 0824.611.747

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 28-10-2026 at the NBB all 15 filings

Equity
€1.2m▼ 2.8%
2024 · €1.3m
Net result
-€36,427
2024 · €31,972
Total assets
€4.7m▼ 8.6%
2024 · €5.1m
Solvency
26.6%▲ 1.6pp
2024 · 25.0%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 87% lower than in 2024. It is the second fall in a row.

Operating result€0.02m 2025 Net result-€0.04m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.04m--€441▲ 98.8%€0.1m-€8€0.2m€0.5m▲ 183%€0.2m▼ 60.8%€0.02m▼ 87.1%
Net result-€0.05m--€0.02m▲ 57.9%€0.1mwithin the sector's middle half-€0.02mbelow the sector's middle half€0.8mabove the sector's middle half€0.5mabove the sector's middle half▼ 35.8%€0.03mwithin the sector's middle half▼ 93.5%-€0.04mbelow the sector's middle half
Equity-€0.07m--€0.09m▼ 31.6%€0.01mbelow the sector's middle half-€0.02mbelow the sector's middle half€0.8mabove the sector's middle half€1.3mabove the sector's middle half▲ 65.5%€1.3mwithin the sector's middle half▲ 2.6%€1.2mwithin the sector's middle half▼ 2.8%
Total assets€0.9m-€1.3m▲ 42.4%€1.4mwithin the sector's middle half▲ 12.5%€1.9mwithin the sector's middle half▲ 34.8%€3.7mabove the sector's middle half▲ 91.2%€4.5mabove the sector's middle half▲ 21.8%€5.1mabove the sector's middle half▲ 14.9%€4.7mabove the sector's middle half▼ 8.6%
Debt€1.0m-€1.3m▲ 41.7%€1.4m▲ 4.5%€1.9m▲ 36.8%€2.9m▲ 50.5%€3.2m▲ 10.5%€3.8m▲ 19.7%€3.4m▼ 10.5%
Working capital-€0.2m--€0.2m▼ 16.5%-€0.1mwithin the sector's middle half▲ 55.9%-€0.03mwithin the sector's middle half▲ 74.6%€0.1mwithin the sector's middle half€0.6mabove the sector's middle half▲ 408%€0.8mabove the sector's middle half▲ 17.1%€0.7mabove the sector's middle half▼ 13.5%
Solvency-7.5%--6.9%▲ 0.6pp0.7%below the sector's middle half▲ 7.6pp-0.8%below the sector's middle half▼ 1.5pp20.6%below the sector's middle half▲ 21.4pp28.1%within the sector's middle half▲ 7.4pp25.0%within the sector's middle half▼ 3.0pp26.6%within the sector's middle half▲ 1.6pp
Current ratio0.31-0.33▲ 0.020.69within the sector's middle half▲ 0.360.95within the sector's middle half▲ 0.261.09within the sector's middle half▲ 0.131.72within the sector's middle half▲ 0.642.14within the sector's middle half▲ 0.421.87within the sector's middle half▼ 0.27
Return on assets (ROA)-5.6%--1.7%▲ 3.9pp6.8%within the sector's middle half▲ 8.5pp-1.3%below the sector's middle half▼ 8.1pp21.1%within the sector's middle half▲ 22.4pp11.1%within the sector's middle half▼ 10.0pp0.6%within the sector's middle half▼ 10.5pp-0.8%below the sector's middle half▼ 1.4pp
Staff (FTE)0.8within the sector's middle half0.3within the sector's middle half▼ 62.5%
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.
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.
Large changes and their cause
  • 2024 Net result -94% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets €3.3m ▼ 11.5%
Current assets €1.4m ▼ 0.9%
Equity and liabilities €4.7m
Equity €1.2m ▼ 2.8%
Debt €3.4m ▼ 10.5%
Debt's share of the balance-sheet total falls from 75.0% to 73.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
ROE
-2.9%▼
2024 · 2.5%
Debt ≤ 1 year
€752,994▲
2024 · €664,426
Debt > 1 year
€2.7m▼
2024 · €3.1m
Income taxes
€587▼
2024 · €20,852
Staff costs
€16,977▼
2024 · €75,042
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202431-12-2025
Employees at the balance-sheet date11
full-time1-
part-time-1
in full-time equivalents10.8
Average over the year, in full-time equivalents0.80.3
On a permanent contract11
Joined11
Left01

Source: social balance sheet in the 2024 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€1.5m--€2.4m€1.9m
Mortgages, amount registered€362,500€475,000€760,000€910,000€825,000
Mortgage mandates€875,471€1.5m€3.0m€2.8m€2.5m
Carrying value of the mortgaged assets€1.1m€1.1m€2.2m€3.0m€2.6m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€121,040€541,404€825,157€1.1m€74,926
Financial fixed assets€100,000€266,440€189,500€302€49,900
Depreciation and write-downs of the year€53,657€54,817€161,618€247,322€132,257

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.1m€4.7m▼
Fixed assets21/28€3.7m€3.3m▼
Tangible fixed assets22/27€3.2m€2.7m▼
Land and buildings22€3.0m€2.5m▼
Plant, machinery and equipment23€0.003m€0.003m▲
Furniture and vehicles24€0.06m€0.05m▼
Leasing and similar rights25€0.09m€0.06m▼
Financial fixed assets28€0.5m€0.6m▲
Current assets29/58€1.4m€1.4m▼
Amounts receivable after more than one year29€0.3m€0.3m=
Other amounts receivable291€0.3m€0.3m=
Amounts receivable within one year40/41€1.0m€1.0m▼
Trade receivables40€0.2m€0.2m▼
Other amounts receivable41€0.8m€0.8m▲
Cash at bank and in hand54/58€0.07m€0.07m▲
Deferred charges and accrued income490/1€0.02m€0.01m▼
Equity and liabilities
Total equity and liabilities10/49€5.1m€4.7m▼
Equity10/15€1.3m€1.2m▼
Contributions10/11€0.02m€0.02m=
Reserves13€0.002m€0.002m=
Distributable reserves133€0.002m€0.002m=
Profit (loss) carried forward14€1.3m€1.2m▼
Amounts payable17/49€3.8m€3.4m▼
Amounts payable after more than one year17€3.1m€2.7m▼
Financial debts170/4€3.1m€2.7m▼
Amounts payable within one year42/48€0.7m€0.8m▲
Current portion of amounts payable after more than one year42€0.2m€0.2m▼
Financial debts43€0.02m€0.01m▼
Credit institutions430/8€0.02m€0.01m▼
Trade debts44€0.2m€0.3m▲
Suppliers440/4€0.2m€0.3m▲
Taxes, remuneration and social security45€0.03m€0.02m▼
Taxes450/3€0.02m€0.009m▼
Remuneration and social security454/9€0.009m€0.006m▼
Other amounts payable47/48€0.2m€0.3m▲
Accrued charges and deferred income492/3€0.04m€0.03m▼
Income statement Code20242025
Non-recurring operating income76A-€0.2m
Remuneration, social security and pensions62€0.08m€0.02m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.1m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.001m
Other operating charges640/8€0.02m€0.02m▲
Non-recurring operating charges66A-€0.003m
Gross operating margin9900€0.5m€0.2m▼
Operating profit (loss)9901€0.2m€0.02m▼
Financial income75/76B€0.03m€0.03m▲
Recurring financial income75€0.03m€0.01m▼
Non-recurring financial income76B-€0.02m
Financial charges65/66B€0.2m€0.09m▼
Recurring financial charges65€0.1m€0.09m▼
Non-recurring financial charges66B€0.02m-
Profit (loss) for the period before taxes9903€0.05m-€0.04m▼
Income taxes67/77€0.02m€0.001m▼
Profit (loss) for the period9904€0.03m-€0.04m▼
Profit (loss) for the period to be appropriated9905€0.03m-€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.3m€1.2m▼
Profit (loss) brought forward from the previous period14P€1.2m€1.3m▲
Social balance sheet
Average headcount (FTE)90870.80.3▼

The notes to these accounts have 27 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-10-2026.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€163,056-
Remuneration, social security and pensions62------€75,042€16,977▼ 77.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70,516€36,983€49,203€53,657€54,817€161,618€247,322€132,257▼ 46.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€13,810-€1,025-
Other operating charges640/8---€8,397€9,861€17,717€24,584€24,741▲ 0.6%
Non-recurring operating charges66A-----€4,696-€2,669-
Gross operating margin9900€48,034€52,491€181,056€62,045€227,555€658,730€527,824€201,041▼ 61.9%
Operating profit (loss)9901-€37,915-€441€128,987-€8€162,877€460,889€180,876€23,371▼ 87.1%
Financial income75/76B---€7,286€645,698€180,980€26,089€33,375▲ 27.9%
Recurring financial income75€3,701€208€4,145€7,286€25,698€180,980€26,089€13,374▼ 48.7%
Non-recurring financial income76B----€620,000--€20,001-
Financial charges65/66B---€32,232€37,394€68,419€154,142€92,586▼ 39.9%
Recurring financial charges65€15,435€22,920€37,262€32,232€37,394€68,419€134,141€92,586▼ 31.0%
Non-recurring financial charges66B------€20,001--
Profit (loss) for the period before taxes9903-€49,649-€19,253€95,869-€24,954€771,180€573,451€52,823-€35,840-
Income taxes67/77-€1,650-€810--€78,045€20,852€587▼ 97.2%
Profit (loss) for the period9904-€49,649-€20,903€96,680-€24,954€771,180€495,406€31,972-€36,427-
Profit (loss) for the period to be appropriated9905-€49,649-€20,903€96,680-€24,954€771,180€495,406€31,972-€36,427-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.9m€1.3m€1.4m€1.9m€3.7m€4.5m€5.1m€4.7m▼ 8.6%
Fixed assets21/28€0.8m€1.1m€1.2m€1.3m€2.1m€2.9m€3.7m€3.3m▼ 11.5%
Tangible fixed assets22/27€0.7m€1.1m€1.1m€1.2m€1.7m€2.3m€3.2m€2.7m▼ 15.5%
Land and buildings22---€1.2m€1.7m€2.2m€3.0m€2.5m▼ 15.4%
Plant, machinery and equipment23---€370€264€0.004m€0.003m€0.003m▲ 2.2%
Furniture and vehicles24---€0.02m€0.02m€0.02m€0.06m€0.05m▼ 4.0%
Leasing and similar rights25-----€0.1m€0.09m€0.06m▼ 29.1%
Financial fixed assets28€0.06m€0.06m€0.06m€0.2m€0.4m€0.6m€0.5m€0.6m▲ 11.5%
Current assets29/58€0.09m€0.1m€0.2m€0.6m€1.6m€1.5m€1.4m€1.4m▼ 0.9%
Amounts receivable after more than one year29---€0.2m€0.8m€0.8m€0.3m€0.3m=
Other amounts receivable291---€0.2m€0.8m€0.8m€0.3m€0.3m=
Amounts receivable within one year40/41€0.03m€0.04m€0.2m€0.2m€0.4m€0.7m€1.0m€1.0m▼ 1.7%
Trade receivables40---€0.2m€0.2m€0.2m€0.2m€0.2m▼ 12.4%
Other amounts receivable41---€0.06m€0.2m€0.4m€0.8m€0.8m▲ 1.5%
Cash at bank and in hand54/58€0.01m€0.03m€0.03m€0.08m€0.3m€0.1m€0.07m€0.07m▲ 8.9%
Deferred charges and accrued income490/1---€0.008m€0.02m€0.01m€0.02m€0.01m▼ 12.6%
Equity and liabilities
Total equity and liabilities10/49€0.9m€1.3m€1.4m€1.9m€3.7m€4.5m€5.1m€4.7m▼ 8.6%
Equity10/15-€0.07m-€0.09m€0.01m-€0.02m€0.8m€1.3m€1.3m€1.2m▼ 2.8%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Non-distributable reserves130/1---€0.002m€0.002m----
Reserves not available under the articles1311---€0.002m€0.002m----
Distributable reserves133-----€0.002m€0.002m€0.002m=
Profit (loss) carried forward14-€0.09m-€0.1m-€0.01m-€0.04m€0.7m€1.2m€1.3m€1.2m▼ 2.9%
Amounts payable17/49€1.0m€1.3m€1.4m€1.9m€2.9m€3.2m€3.8m€3.4m▼ 10.5%
Amounts payable after more than one year17€0.6m€1.0m€1.1m€1.3m€1.4m€2.3m€3.1m€2.7m▼ 15.3%
Financial debts170/4---€1.3m€1.4m€2.3m€3.1m€2.7m▼ 15.3%
Amounts payable within one year42/48€0.3m€0.4m€0.4m€0.6m€1.5m€0.9m€0.7m€0.8m▲ 13.3%
Current portion of amounts payable after more than one year42---€0.1m€0.09m€0.2m€0.2m€0.2m▼ 8.2%
Financial debts43---€0.001m€0.003m€0.03m€0.02m€0.01m▼ 33.3%
Credit institutions430/8---€0.001m€0.003m€0.03m€0.02m€0.01m▼ 33.3%
Trade debts44€0.04m€0.08m€0.2m€0.3m€0.8m€0.2m€0.2m€0.3m▲ 5.9%
Suppliers440/4---€0.3m€0.8m€0.2m€0.2m€0.3m▲ 5.9%
Advances received on contracts in progress46----€0.5m€0.3m---
Taxes, remuneration and social security45---€0.006m-€0.03m€0.03m€0.02m▼ 51.0%
Taxes450/3---€0.006m-€0.03m€0.02m€0.009m▼ 59.2%
Remuneration and social security454/9------€0.009m€0.006m▼ 31.5%
Other amounts payable47/48---€0.1m€0.1m€0.1m€0.2m€0.3m▲ 69.2%
Accrued charges and deferred income492/3----€0.04m€0.05m€0.04m€0.03m▼ 26.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.05m-€0.02m€0.1m-€0.02m€0.8m€0.5m€0.03m-€0.04m-
+ Depreciation and write-downs630€0.07m€0.04m€0.05m€0.05m€0.05m€0.2m€0.2m€0.1m▼ 46.5%
Operating cash flow (approximation)€0.02m€0.02m€0.1m€0.03m€0.8m€0.7m€0.3m€0.1m▼ 65.7%
Investment in fixed assets (approximation)--€0.4m-€0.08m-€0.2m-€0.8m-€1.0m-€1.0m€0.3m-
Change in cash-€0.02m€0.002m€0.05m€0.3m-€0.2m-€0.04m€0.006m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-10-2026 2026-00570555 PDF
31-12-2024 abbreviated format 29-08-2025 2025-00481642 PDF
31-12-2023 micro format 31-07-2024 2024-00335359 PDF
31-12-2022 micro format 31-07-2023 2023-00312885 PDF
31-12-2021 abbreviated format 22-09-2022 2022-20433219 PDF
31-12-2020 abbreviated format 30-09-2021 2021-69300174 PDF
31-12-2019 abbreviated format 04-10-2020 2020-60100128 PDF
31-12-2018 micro format 27-09-2019 2019-66300400 PDF
31-12-2017 micro format 19-09-2018 2018-63600140 PDF
31-12-2016 micro format 07-12-2017 2017-71300346 PDF

Show all 15 filings

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