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
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Operating result€0.4m
2025
Net result€0.4m
2025
Total assets€1.9m
2025
Equity€1.7m
2025
Debt€0.2m
2025
Working capital€1.1m
2025
Return on assets (ROA)23.5%
2025
Solvency91.5%
2025
Current ratio7.94
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
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 and return on assets (ROA).
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.
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 |