Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-06-2026 PDF all 23 filings
Equity
€1.7m▼ 10.2%
2024 · €1.9m
Net result
€442,520▲ 15.0%
2024 · €384,801
Total assets
€1.9m▼ 7.7%
2024 · €2.0m
Solvency
91.5%▼ 2.6pp
2024 · 94.0%
In the rankings
#4 company by equity in Laakdal, Finance and insurance sector#4 oldest company in Laakdal, Finance and insurance sector#8 company by total assets in Laakdal, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€356,469
▲ 3.0%
2025
20182025
Net result
€442,520
▲ 15.0%
2025
highest quarter of the sector
20182025
Equity
€1.7m
▼ 10.2%
2025
middle half of the sector
20182025
Total assets
€1.9m
▼ 7.7%
2025
middle half of the sector
20182025
Debt
€160,614
▲ 32.2%
2025
20182025
Working capital
€1.1m
▼ 17.7%
2025
highest quarter of the sector
20182025
Solvency
91.5%
▼ 2.6pp
2025
highest quarter of the sector
20182025
Current ratio
7.94
▼ 4.56
2025
highest quarter of the sector
20182025
Return on assets (ROA)
23.5%
▲ 4.6pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.2m▼ 18.2%€0.3m▲ 16.5%€0.2m▼ 7.5%€0.3m▲ 20.9%€0.3m▲ 11.3%€0.3m▲ 8.2%€0.4m▲ 3.0%
Net result€0.2m-€0.2m▲ 2.4%€0.2mabove the sector's middle half▼ 3.5%€0.3mabove the sector's middle half▲ 53.2%€0.3mabove the sector's middle half▲ 5.0%€0.6mabove the sector's middle half▲ 114%€0.4mabove the sector's middle half▼ 36.8%€0.4mabove the sector's middle half▲ 15.0%
Equity€0.7m-€0.9m▲ 19.8%€1.0mwithin the sector's middle half▲ 12.8%€1.1mwithin the sector's middle half▲ 12.5%€1.3mwithin the sector's middle half▲ 17.3%€1.7mwithin the sector's middle half▲ 28.1%€1.9mwithin the sector's middle half▲ 12.0%€1.7mwithin the sector's middle half▼ 10.2%
Total assets€0.8m-€1.0m▲ 22.8%€1.2mwithin the sector's middle half▲ 12.5%€1.3mwithin the sector's middle half▲ 12.1%€1.5mwithin the sector's middle half▲ 18.0%€2.0mwithin the sector's middle half▲ 30.3%€2.0mwithin the sector's middle half▲ 1.0%€1.9mwithin the sector's middle half▼ 7.7%
Debt€0.1m-€0.1m▲ 45.8%€0.2m▲ 10.6%€0.2m▲ 9.9%€0.2m▲ 22.1%€0.3m▲ 43.5%€0.1m▼ 60.6%€0.2m▲ 32.2%
Working capital€0.1m-€0.2m▲ 106%€0.3mabove the sector's middle half▲ 49.1%€0.5mabove the sector's middle half▲ 36.1%€0.7mabove the sector's middle half▲ 44.7%€1.1mabove the sector's middle half▲ 57.6%€1.3mabove the sector's middle half▲ 18.8%€1.1mabove the sector's middle half▼ 17.7%
Solvency88.3%-86.1%▼ 2.2pp86.3%above the sector's middle half▲ 0.2pp86.6%above the sector's middle half▲ 0.3pp86.1%above the sector's middle half▼ 0.5pp84.7%above the sector's middle half▼ 1.4pp94.0%above the sector's middle half▲ 9.3pp91.5%above the sector's middle half▼ 2.6pp
Current ratio2.15-3.25▲ 1.103.56above the sector's middle half▲ 0.313.79above the sector's middle half▲ 0.234.26above the sector's middle half▲ 0.474.65above the sector's middle half▲ 0.3912.50above the sector's middle half▲ 7.857.94above the sector's middle half▼ 4.56
Return on assets (ROA)21.1%-17.6%▼ 3.5pp15.1%above the sector's middle half▼ 2.5pp20.6%above the sector's middle half▲ 5.5pp18.3%above the sector's middle half▼ 2.3pp30.2%above the sector's middle half▲ 11.8pp18.9%above the sector's middle half▼ 11.3pp23.5%above the sector's middle half▲ 4.6pp
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% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated 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 €1.9m
Fixed assets
€668,990 ▲ 4.8%
Current assets
€1.2m ▼ 13.4%
Equity and liabilities €1.9m
Equity
€1.7m ▼ 10.2%
Debt
€160,614 ▲ 32.2%
Debt's share of the balance-sheet total rises from 6.0% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
25.7%▲
2024 · 20.1%
Debt ≤ 1 year
€152,692▲
2024 · €111,901
Income taxes
€129,033▲
2024 · €125,655
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 | - | - | €5,206 | €2,478 | €38,976 |
| Depreciation and write-downs of the year | €17,409 | €16,933 | €18,639 | €1,977 | €8,071 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €801 | €18,209 | €17,409 | €17,409 | €16,933 | €18,639 | €1,977 | €8,071 | ▲ 308% |
| Other operating charges640/8 | - | - | - | €2,182 | €2,707 | €2,427 | €2,735 | €2,771 | ▲ 1.3% |
| Gross operating margin9900 | €272,598 | €246,009 | €277,004 | €257,589 | €307,291 | €341,129 | €350,871 | €367,312 | ▲ 4.7% |
| Operating profit (loss)9901 | €270,094 | €220,893 | €257,315 | €237,999 | €287,652 | €320,063 | €346,159 | €356,469 | ▲ 3.0% |
| Financial income75/76B | - | - | - | €119,840 | €109,853 | €427,052 | €174,300 | €228,767 | ▲ 31.2% |
| Recurring financial income75 | €0 | €40,945 | €457 | €119,840 | €109,853 | €427,052 | €174,300 | €228,767 | ▲ 31.2% |
| Financial charges65/66B | - | - | - | €1,956 | €15,378 | €741 | €10,003 | €13,683 | ▲ 36.8% |
| Recurring financial charges65 | €694 | €1,082 | €997 | €1,956 | €15,378 | €741 | €10,003 | €13,683 | ▲ 36.8% |
| Profit (loss) for the period before taxes9903 | €269,400 | €260,757 | €256,775 | €355,883 | €382,127 | €746,375 | €510,456 | €571,553 | ▲ 12.0% |
| Transfer from deferred taxes780 | - | - | - | €1,260 | €0 | - | - | - | - |
| Income taxes67/77 | €90,584 | €77,713 | €80,148 | €86,474 | €97,966 | €137,384 | €125,655 | €129,033 | ▲ 2.7% |
| Profit (loss) for the period9904 | €178,817 | €183,044 | €176,627 | €270,669 | €284,161 | €608,991 | €384,801 | €442,520 | ▲ 15.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €8,399 | €0 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €1,260 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €178,817 | €183,044 | €176,627 | €277,808 | €284,161 | €608,991 | €384,801 | €442,520 | ▲ 15.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €1.0m | €1.2m | €1.3m | €1.5m | €2.0m | €2.0m | €1.9m | ▼ 7.7% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.7m | ▲ 4.8% |
| Tangible fixed assets22/27 | €0.001m | €0.07m | €0.05m | €0.03m | €0.02m | €0.003m | €0.004m | €0.03m | ▲ 773% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.003m | €0.004m | €0.03m | ▲ 773% |
| Financial fixed assets28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Current assets29/58 | €0.2m | €0.3m | €0.5m | €0.6m | €0.9m | €1.4m | €1.4m | €1.2m | ▼ 13.4% |
| Amounts receivable within one year40/41 | €0.04m | €0.03m | €0.06m | €0.05m | €0.07m | €0.4m | €0.05m | €0.06m | ▲ 31.6% |
| Trade receivables40 | - | - | - | €0.04m | €0.07m | €0 | €0.04m | €0.05m | ▲ 22.4% |
| Other amounts receivable41 | - | - | - | €0.009m | €0 | €0.4m | €0.004m | €0.009m | ▲ 140% |
| Current investments50/53 | - | - | - | - | €0.1m | €0.7m | €1.1m | €0.6m | ▼ 49.2% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.4m | €0.6m | €0.7m | €0.3m | €0.2m | €0.6m | ▲ 189% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 38.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €1.0m | €1.2m | €1.3m | €1.5m | €2.0m | €2.0m | €1.9m | ▼ 7.7% |
| Equity10/15 | €0.7m | €0.9m | €1.0m | €1.1m | €1.3m | €1.7m | €1.9m | €1.7m | ▼ 10.2% |
| Contributions10/11 | €0.06m | €0.06m | - | - | - | - | - | - | - |
| Reserves13 | €0.7m | €0.8m | €1.0m | €1.1m | €1.3m | €1.7m | €1.9m | €1.7m | ▼ 10.2% |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.1m | €1.3m | €1.7m | €1.9m | €1.7m | ▼ 10.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.1m | €0.2m | ▲ 32.2% |
| Amounts payable after more than one year17 | - | €0.04m | €0.02m | €0.003m | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.003m | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.1m | €0.2m | ▲ 36.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.003m | €0 | - | - | - |
| Trade debts44 | - | - | €0.002m | €0.003m | €0.02m | €0.001m | €163 | €0.05m | ▲ 285× |
| Suppliers440/4 | - | - | - | €0.003m | €0.02m | €0.001m | €163 | €0.05m | ▲ 285× |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.05m | €0.09m | €0.06m | €0.04m | ▼ 26.9% |
| Taxes450/3 | - | - | - | €0.07m | €0.05m | €0.09m | €0.06m | €0.04m | ▼ 26.9% |
| Remuneration and social security454/9 | - | - | - | - | - | €0.003m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.1m | €0.2m | €0.05m | €0.06m | ▲ 21.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.004m | €0.01m | €0.01m | €0.008m | ▼ 17.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,817 | €183,044 | €176,627 | €270,669 | €284,161 | €608,991 | €384,801 | €442,520 | ▲ 15.0% |
| + Depreciation and write-downs630 | €801 | €18,209 | €17,409 | €17,409 | €16,933 | €18,639 | €1,977 | €8,071 | ▲ 308% |
| Operating cash flow (approximation) | €179,617 | €201,253 | €194,035 | €288,077 | €301,094 | €627,630 | €386,778 | €450,591 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€86,091 | €0 | €0 | €0 | -€5,206 | -€2,478 | -€38,976 | ▼ 1,473% |
| Change in cash | - | €130,039 | €122,274 | €167,872 | €96,061 | -€411,660 | -€69,002 | €364,700 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-06-2026 | 2026-00129688 | |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00334591 | |
| 31-12-2023 | abbreviated format | 05-07-2024 | 2024-00227275 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00296613 | |
| 31-12-2021 | abbreviated format | 31-05-2022 | 2022-20039545 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27700334 | |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-27600492 | |
| 31-12-2018 | abbreviated format | 17-06-2019 | 2019-18500373 | |
| 31-12-2017 | abbreviated format | 25-06-2018 | 2018-21500478 | |
| 31-12-2016 | abbreviated format | 07-07-2017 | 2017-28000175 |