Financials · financial year 2025, micro format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529014.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 4 filings
Equity
€15,319▲ 328%
2024 · €3,577
Net result
€11,742
2024 · -€19,290
Total assets
€33,924▼ 91.5%
2024 · €400,804
Solvency
45.2%▲ 44.3pp
2024 · 0.9%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€14,268
2025
20222025
Net result
€11,742
2025
middle half of the sector
20222025
Equity
€15,319
▲ 328%
2025
lowest quarter of the sector
20222025
Total assets
€33,924
▼ 91.5%
2025
lowest quarter of the sector
20222025
Debt
€18,605
▼ 95.3%
2025
20222025
Working capital
€7,979
2025
middle half of the sector
20222025
Solvency
45.2%
▲ 44.3pp
2025
middle half of the sector
20222025
Current ratio
1.80
▲ 0.81
2025
middle half of the sector
20222025
Return on assets (ROA)
34.6%
▲ 39.4pp
2025
highest quarter of the sector
20222025
Staff (FTE)
2
▲ 100%
2025
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€17,154-€32,987-€19,932€14,268
Net result-€17,373below the sector's middle half-€25,241within the sector's middle half-€19,290below the sector's middle half€11,742within the sector's middle half
Equity-€2,373below the sector's middle half-€22,867below the sector's middle half€3,577below the sector's middle half▼ 84.4%€15,319below the sector's middle half▲ 328%
Total assets€5,178below the sector's middle half-€40,611below the sector's middle half▲ 684%€400,804within the sector's middle half▲ 887%€33,924below the sector's middle half▼ 91.5%
Debt€7,551-€17,744▲ 135%€397,227▲ 22×€18,605▼ 95.3%
Working capital-€6,636below the sector's middle half-€17,803within the sector's middle half-€3,987within the sector's middle half€7,979within the sector's middle half
Solvency-45.8%below the sector's middle half-56.3%within the sector's middle half▲ 102.1pp0.9%below the sector's middle half▼ 55.4pp45.2%within the sector's middle half▲ 44.3pp
Current ratio0.11below the sector's middle half-2.00within the sector's middle half▲ 1.890.99within the sector's middle half▼ 1.011.80within the sector's middle half▲ 0.81
Return on assets (ROA)-335.5%below the sector's middle half-62.2%above the sector's middle half▲ 397.7pp-4.8%below the sector's middle half▼ 67.0pp34.6%above the sector's middle half▲ 39.4pp
Staff (FTE)12▲ 100%
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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 €14,268, after a loss of €19,932 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 €33,924
Fixed assets
€15,940 ▼ 1.4%
Current assets
€17,984 ▼ 95.3%
Equity and liabilities €33,924
Equity
€15,319 ▲ 328%
Debt
€18,605 ▼ 95.3%
Debt's share of the balance-sheet total falls from 99.1% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
76.6%▲
2024 · -539.3%
Debt ≤ 1 year
€10,004▼
2024 · €388,626
Debt > 1 year
€8,601=
2024 · €8,601
Income taxes
€1,607▲
2024 · -€1,094
Staff costs
€56,232▲
2024 · €30,097
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 2 |
| part-time | 1 | 2 |
| in full-time equivalents | 0.5 | 1 |
| Average over the year, in full-time equivalents | 0.5 | 1 |
| On a permanent contract | 1 | 2 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €3,831 | - | €10,303 | €2,812 |
| Intangible fixed assets | - | €2,420 | - | - |
| Financial fixed assets | €1,550 | - | €4,700 | - |
| Depreciation and write-downs of the year | €1,018 | €1,718 | €2,353 | €3,036 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €30,097 | €56,232 | ▲ 86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,018 | €1,718 | €2,353 | €3,036 | ▲ 29.1% |
| Other operating charges640/8 | €398 | €759 | €461 | €715 | ▲ 55.2% |
| Non-recurring operating charges66A | - | - | €1,250 | - | - |
| Gross operating margin9900 | -€15,738 | €35,464 | €14,228 | €74,252 | ▲ 422% |
| Operating profit (loss)9901 | -€17,154 | €32,987 | -€19,932 | €14,268 | - |
| Financial income75/76B | - | €37 | €124 | €235 | ▲ 88.9% |
| Recurring financial income75 | - | €37 | €124 | €235 | ▲ 88.9% |
| Financial charges65/66B | €137 | €233 | €577 | €1,155 | ▲ 100% |
| Recurring financial charges65 | €137 | €233 | €577 | €1,155 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | -€17,291 | €32,791 | -€20,385 | €13,349 | - |
| Income taxes67/77 | €82 | €7,550 | -€1,094 | €1,607 | - |
| Profit (loss) for the period9904 | -€17,373 | €25,241 | -€19,290 | €11,742 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,373 | €25,241 | -€19,290 | €11,742 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5,178 | €40,611 | €400,804 | €33,924 | ▼ 91.5% |
| Fixed assets21/28 | €4,363 | €5,064 | €16,165 | €15,940 | ▼ 1.4% |
| Intangible fixed assets21 | - | €1,978 | €1,494 | €1,010 | ▼ 32.4% |
| Tangible fixed assets22/27 | €2,813 | €1,536 | €9,970 | €10,230 | ▲ 2.6% |
| Furniture and vehicles24 | €2,813 | €1,536 | €7,023 | €7,580 | ▲ 7.9% |
| Other tangible fixed assets26 | - | - | €2,947 | €2,650 | ▼ 10.1% |
| Financial fixed assets28 | €1,550 | €1,550 | €4,700 | €4,700 | = |
| Current assets29/58 | €816 | €35,547 | €384,639 | €17,984 | ▼ 95.3% |
| Amounts receivable within one year40/41 | - | €32,869 | €362,020 | €8,675 | ▼ 97.6% |
| Trade receivables40 | - | - | €355,150 | €163 | ▼ 100.0% |
| Other amounts receivable41 | - | €32,869 | €6,870 | €8,512 | ▲ 23.9% |
| Cash at bank and in hand54/58 | - | €2,276 | €15,972 | €756 | ▼ 95.3% |
| Deferred charges and accrued income490/1 | €816 | €401 | €6,648 | €8,553 | ▲ 28.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5,178 | €40,611 | €400,804 | €33,924 | ▼ 91.5% |
| Equity10/15 | -€2,373 | €22,867 | €3,577 | €15,319 | ▲ 328% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€17,373 | €7,867 | -€11,423 | €319 | - |
| Amounts payable17/49 | €7,551 | €17,744 | €397,227 | €18,605 | ▼ 95.3% |
| Amounts payable after more than one year17 | - | - | €8,601 | €8,601 | = |
| Financial debts170/4 | - | - | €8,601 | €8,601 | = |
| Amounts payable within one year42/48 | €7,451 | €17,744 | €388,626 | €10,004 | ▼ 97.4% |
| Current portion of amounts payable after more than one year42 | - | - | €9,815 | - | - |
| Financial debts43 | €610 | - | €100 | €1,664 | ▲ 17× |
| Credit institutions430/8 | €610 | - | €100 | €1,664 | ▲ 17× |
| Trade debts44 | €5,787 | €9,956 | €374,893 | €94 | ▼ 100.0% |
| Suppliers440/4 | €5,787 | €9,956 | €374,893 | €94 | ▼ 100.0% |
| Taxes, remuneration and social security45 | €82 | €7,550 | €3,616 | €8,046 | ▲ 122% |
| Taxes450/3 | €82 | €7,550 | - | €1,607 | - |
| Remuneration and social security454/9 | - | - | €3,616 | €6,439 | ▲ 78.1% |
| Other amounts payable47/48 | €973 | €238 | €201 | €201 | = |
| Accrued charges and deferred income492/3 | €100 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,373 | €25,241 | -€19,290 | €11,742 | - |
| + Depreciation and write-downs630 | €1,018 | €1,718 | €2,353 | €3,036 | ▲ 29.1% |
| Operating cash flow (approximation) | -€16,355 | €26,959 | -€16,938 | €14,778 | - |
| Investment in fixed assets (approximation) | - | -€2,420 | -€13,453 | -€2,812 | ▲ 79.1% |
| Change in cash | - | - | €13,696 | -€15,215 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.