Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-05-2026 PDF all 7 filings
Equity
€953,556▲ 26.4%
2024 · €754,490
Net result
€199,065▼ 3.2%
2024 · €205,683
Total assets
€1.0m▲ 32.0%
2024 · €769,153
Solvency
93.9%▼ 4.2pp
2024 · 98.1%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€279,539
▼ 2.7%
2025
20192025
Net result
€199,065
▼ 3.2%
2025
highest quarter of the sector
20192025
Equity
€953,556
▲ 26.4%
2025
highest quarter of the sector
20192025
Total assets
€1.0m
▲ 32.0%
2025
highest quarter of the sector
20192025
Debt
€61,937
▲ 322%
2025
20192025
Working capital
€953,556
▲ 26.4%
2025
highest quarter of the sector
20192025
Solvency
93.9%
▼ 4.2pp
2025
highest quarter of the sector
20192025
Current ratio
16.40
▼ 36.06
2025
highest quarter of the sector
20192025
Return on assets (ROA)
19.6%
▼ 7.1pp
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€0.06m-€0.06m▼ 0.8%€0.1m▲ 136%€0.2m▲ 56.4%€0.3m▲ 19.6%€0.3m▲ 4.5%€0.3m▼ 2.7%
Net result€0.04m-€0.04mwithin the sector's middle half▼ 1.3%€0.1mabove the sector's middle half▲ 135%€0.2mabove the sector's middle half▲ 56.2%€0.2mabove the sector's middle half▲ 17.8%€0.2mabove the sector's middle half▲ 9.6%€0.2mabove the sector's middle half▼ 3.2%
Equity€0.06m-€0.1mwithin the sector's middle half▲ 77.0%€0.2mwithin the sector's middle half▲ 102%€0.4mwithin the sector's middle half▲ 78.9%€0.5mabove the sector's middle half▲ 52.0%€0.8mabove the sector's middle half▲ 37.5%€1.0mabove the sector's middle half▲ 26.4%
Total assets€0.09m-€0.2mwithin the sector's middle half▲ 76.4%€0.3mwithin the sector's middle half▲ 95.6%€0.5mwithin the sector's middle half▲ 53.6%€0.6mwithin the sector's middle half▲ 23.6%€0.8mwithin the sector's middle half▲ 35.8%€1.0mabove the sector's middle half▲ 32.0%
Debt€0.03m-€0.05m▲ 75.4%€0.1m▲ 83.1%€0.1m▲ 0.7%€0.02m▼ 81.8%€0.01m▼ 17.5%€0.06m▲ 322%
Working capital€0.06m-€0.1mwithin the sector's middle half▲ 77.0%€0.2mabove the sector's middle half▲ 102%€0.4mabove the sector's middle half▲ 78.9%€0.5mabove the sector's middle half▲ 52.0%€0.8mabove the sector's middle half▲ 37.5%€1.0mabove the sector's middle half▲ 26.4%
Solvency65.2%-65.4%within the sector's middle half▲ 0.2pp67.6%within the sector's middle half▲ 2.2pp78.8%above the sector's middle half▲ 11.2pp96.9%above the sector's middle half▲ 18.1pp98.1%above the sector's middle half▲ 1.2pp93.9%above the sector's middle half▼ 4.2pp
Current ratio2.87-2.89within the sector's middle half▲ 0.023.08within the sector's middle half▲ 0.204.71above the sector's middle half▲ 1.6231.90above the sector's middle half▲ 27.1952.46above the sector's middle half▲ 20.5616.40above the sector's middle half▼ 36.06
Return on assets (ROA)50.9%-28.4%above the sector's middle half▼ 22.4pp34.1%above the sector's middle half▲ 5.7pp34.7%above the sector's middle half▲ 0.6pp33.1%above the sector's middle half▼ 1.6pp26.7%above the sector's middle half▼ 6.4pp19.6%within the sector's middle half▼ 7.1pp
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 3% 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 €1.0m
Equity
€953,556 ▲ 26.4%
Debt
€61,937 ▲ 322%
Debt's share of the balance-sheet total rises from 1.9% to 6.1%. Equity and debt are higher.
Key figures and ratios
ROE
20.9%▼
2024 · 27.3%
Debt ≤ 1 year
€61,937▲
2024 · €14,662
Income taxes
€92,944▼
2024 · €96,112
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,000 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | €905 | €913 | €599 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €67,177 | €63,234 | €147,802 | €230,717 | €275,414 | €287,749 | €280,059 | ▼ 2.7% |
| Operating profit (loss)9901 | €62,829 | €62,332 | €146,897 | €229,804 | €274,815 | €287,244 | €279,539 | ▼ 2.7% |
| Financial income75/76B | - | - | - | €323 | €1,501 | €14,604 | €12,524 | ▼ 14.2% |
| Recurring financial income75 | - | - | - | €323 | €1,501 | €14,604 | €12,524 | ▼ 14.2% |
| Financial charges65/66B | - | - | €384 | €194 | €76 | €53 | €54 | ▲ 2.1% |
| Recurring financial charges65 | €838 | €519 | €384 | €194 | €76 | €53 | €54 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €61,991 | €61,813 | €146,513 | €229,933 | €276,240 | €301,795 | €292,009 | ▼ 3.2% |
| Income taxes67/77 | €17,975 | €18,385 | €44,549 | €70,636 | €88,539 | €96,112 | €92,944 | ▼ 3.3% |
| Profit (loss) for the period9904 | €44,017 | €43,428 | €101,964 | €159,297 | €187,701 | €205,683 | €199,065 | ▼ 3.2% |
| Profit (loss) for the period to be appropriated9905 | €44,017 | €43,428 | €101,964 | €159,297 | €187,701 | €205,683 | €199,065 | ▼ 3.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.09m | €0.2m | €0.3m | €0.5m | €0.6m | €0.8m | €1.0m | ▲ 32.0% |
| Current assets29/58 | €0.09m | €0.2m | €0.3m | €0.5m | €0.6m | €0.8m | €1.0m | ▲ 32.0% |
| Amounts receivable within one year40/41 | €0.07m | €0.1m | €0.3m | €0.3m | €0.006m | €0.1m | €0.1m | ▼ 3.4% |
| Trade receivables40 | - | - | €0.3m | €0.3m | €0 | €0.1m | €0.1m | = |
| Other amounts receivable41 | - | - | €0.003m | €0.007m | €0.006m | €0.01m | €0.01m | ▼ 30.5% |
| Current investments50/53 | - | - | - | - | €0.4m | €0.4m | €0.9m | ▲ 111% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €368 | €0.1m | €0.2m | €0.2m | €0.02m | ▼ 90.9% |
| Deferred charges and accrued income490/1 | - | - | €456 | €460 | €0 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.09m | €0.2m | €0.3m | €0.5m | €0.6m | €0.8m | €1.0m | ▲ 32.0% |
| Equity10/15 | €0.06m | €0.1m | €0.2m | €0.4m | €0.5m | €0.8m | €1.0m | ▲ 26.4% |
| Contributions10/11 | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.04m | €0.09m | €0.2m | €0.3m | €0.5m | €0.7m | €0.9m | ▲ 26.8% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | €0.2m | €0.3m | €0.5m | €0.7m | €0.9m | ▲ 26.8% |
| Amounts payable17/49 | €0.03m | €0.05m | €0.1m | €0.1m | €0.02m | €0.01m | €0.06m | ▲ 322% |
| Amounts payable within one year42/48 | €0.03m | €0.05m | €0.1m | €0.1m | €0.02m | €0.01m | €0.06m | ▲ 322% |
| Trade debts44 | €0.002m | €188 | €140 | €0.002m | €53 | €158 | €387 | ▲ 146% |
| Suppliers440/4 | - | - | €140 | €0.002m | €53 | €158 | €387 | ▲ 146% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.1m | €0.02m | €0.01m | €0.06m | ▲ 347% |
| Taxes450/3 | - | - | €0.1m | €0.1m | €0.02m | €0.01m | €0.06m | ▲ 347% |
| Other amounts payable47/48 | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,017 | €43,428 | €101,964 | €159,297 | €187,701 | €205,683 | €199,065 | ▼ 3.2% |
| + Depreciation and write-downs630 | €1,000 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €45,017 | €43,428 | €101,964 | €159,297 | €187,701 | €205,683 | €199,065 | ▼ 3.2% |
| Change in cash | - | €33,515 | -€51,810 | €148,332 | €12,138 | €64,863 | -€205,193 | - |
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 | micro format | 20-05-2026 | 2026-00114850 | |
| 31-12-2024 | micro format | 28-04-2025 | 2025-00077541 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00194033 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00145260 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20340326 | |
| 31-12-2020 | micro format | 18-06-2021 | 2021-22300133 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-19700212 |