Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 6 filings
Equity
€20,031▼ 25.6%
2024 · €26,921
Net result
-€6,891▼ 12.7%
2024 · -€6,112
Total assets
€45,145▲ 3.8%
2024 · €43,495
Solvency
44.4%▼ 17.5pp
2024 · 61.9%
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is a loss of €6,883, larger than the loss of €5,917 in 2024.
Operating result-€6,883
2025
Net result-€6,891
2025
Total assets€45,145
2025
Equity€20,031
2025
Debt€25,114
2025
Working capital€32,671
2025
Return on assets (ROA)-15.3%
2025
Solvency44.4%
2025
Current ratio3.75
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
Line202020212022202320242025
Operating result-€47,789--€31,968▲ 33.1%-€19,094▲ 40.3%€184,723-€5,917-€6,883▼ 16.3%
Net result-€61,613below the sector's middle half--€52,713below the sector's middle half▲ 14.4%-€39,842below the sector's middle half▲ 24.4%€168,602above the sector's middle half-€6,112below the sector's middle half-€6,891below the sector's middle half▼ 12.7%
Equity-€49,213below the sector's middle half--€101,927below the sector's middle half▼ 107%-€141,769below the sector's middle half▼ 39.1%€33,033below the sector's middle half€26,921below the sector's middle half▼ 18.5%€20,031below the sector's middle half▼ 25.6%
Total assets€529,510within the sector's middle half-€517,109within the sector's middle half▼ 2.3%€501,856within the sector's middle half▼ 2.9%€55,425below the sector's middle half▼ 89.0%€43,495below the sector's middle half▼ 21.5%€45,145below the sector's middle half▲ 3.8%
Debt€578,723-€619,036▲ 7.0%€643,625▲ 4.0%€22,392▼ 96.5%€16,574▼ 26.0%€25,114▲ 51.5%
Working capital-€45,815below the sector's middle half--€86,066below the sector's middle half▼ 87.9%-€104,405below the sector's middle half▼ 21.3%€46,340within the sector's middle half€38,895within the sector's middle half▼ 16.1%€32,671within the sector's middle half▼ 16.0%
Solvency-9.3%below the sector's middle half--19.7%below the sector's middle half▼ 10.4pp-28.2%below the sector's middle half▼ 8.5pp59.6%within the sector's middle half▲ 87.8pp61.9%within the sector's middle half▲ 2.3pp44.4%within the sector's middle half▼ 17.5pp
Current ratio0.15below the sector's middle half-0.07below the sector's middle half▼ 0.080.02below the sector's middle half▼ 0.057.48above the sector's middle half▲ 7.4612.65above the sector's middle half▲ 5.183.75within the sector's middle half▼ 8.90
Return on assets (ROA)-11.6%below the sector's middle half--10.2%below the sector's middle half▲ 1.4pp-7.9%below the sector's middle half▲ 2.3pp304.2%above the sector's middle half▲ 312.1pp-14.1%below the sector's middle half▼ 318.3pp-15.3%below the sector's middle half▼ 1.2pp
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 micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,145
Fixed assets
€595 ▼ 52.8%
Current assets
€44,550 ▲ 5.5%
Equity and liabilities €45,145
Equity
€20,031 ▼ 25.6%
Debt
€25,114 ▲ 51.5%
Debt's share of the balance-sheet total rises from 38.1% to 55.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-34.4%▼
2024 · -22.7%
Debt ≤ 1 year
€11,878▲
2024 · €3,338
Income taxes
€0▲
2024 · -€65
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €577,500 | - | - | - |
| Carrying value of the mortgaged assets | €499,991 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,000 | - | - |
| Depreciation and write-downs of the year | €10,805 | €71 | €667 | €667 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,948 | €10,805 | €10,805 | €71 | €667 | €667 | = |
| Other operating charges640/8 | - | - | €3,932 | €39,553 | €3,099 | €513 | ▼ 83.4% |
| Gross operating margin9900 | -€20,284 | -€16,654 | -€4,357 | €224,347 | -€2,151 | -€5,703 | ▼ 165% |
| Operating profit (loss)9901 | -€47,789 | -€31,968 | -€19,094 | €184,723 | -€5,917 | -€6,883 | ▼ 16.3% |
| Financial charges65/66B | - | - | €20,748 | €12,121 | €260 | €8 | ▼ 97.0% |
| Recurring financial charges65 | €13,824 | €20,745 | €20,748 | €12,121 | €260 | €8 | ▼ 97.0% |
| Profit (loss) for the period before taxes9903 | -€61,613 | -€52,713 | -€39,842 | €172,602 | -€6,176 | -€6,891 | ▼ 11.6% |
| Income taxes67/77 | - | - | - | €4,000 | -€65 | €0 | - |
| Profit (loss) for the period9904 | -€61,613 | -€52,713 | -€39,842 | €168,602 | -€6,112 | -€6,891 | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | -€61,613 | -€52,713 | -€39,842 | €168,602 | -€6,112 | -€6,891 | ▼ 12.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €529,510 | €517,109 | €501,856 | €55,425 | €43,495 | €45,145 | ▲ 3.8% |
| Fixed assets21/28 | €521,601 | €510,796 | €499,991 | €1,929 | €1,262 | €595 | ▼ 52.8% |
| Tangible fixed assets22/27 | €521,601 | €510,796 | €499,991 | €1,929 | €1,262 | €595 | ▼ 52.8% |
| Land and buildings22 | - | - | €499,991 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,929 | €1,262 | €595 | ▼ 52.8% |
| Current assets29/58 | €7,909 | €6,313 | €1,864 | €53,496 | €42,233 | €44,550 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €2,653 | €677 | €870 | €19,628 | €34,153 | €36,329 | ▲ 6.4% |
| Trade receivables40 | - | - | €0 | €272 | €0 | - | - |
| Other amounts receivable41 | - | - | €870 | €19,356 | €34,153 | €36,329 | ▲ 6.4% |
| Cash at bank and in hand54/58 | €4,792 | €5,148 | €293 | €33,868 | €8,080 | €8,220 | ▲ 1.7% |
| Deferred charges and accrued income490/1 | - | - | €702 | €0 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €529,510 | €517,109 | €501,856 | €55,425 | €43,495 | €45,145 | ▲ 3.8% |
| Equity10/15 | -€49,213 | -€101,927 | -€141,769 | €33,033 | €26,921 | €20,031 | ▼ 25.6% |
| Contributions10/11 | €12,400 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | €14,433 | €14,433 | €14,433 | = |
| Distributable reserves133 | - | - | - | €14,433 | €14,433 | €14,433 | = |
| Profit (loss) carried forward14 | -€61,613 | -€114,327 | -€154,169 | €0 | -€6,112 | -€13,002 | ▼ 113% |
| Amounts payable17/49 | €578,723 | €619,036 | €643,625 | €22,392 | €16,574 | €25,114 | ▲ 51.5% |
| Amounts payable after more than one year17 | €525,000 | €525,000 | €525,000 | €0 | - | - | - |
| Financial debts170/4 | - | - | €525,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €53,723 | €92,378 | €106,270 | €7,156 | €3,338 | €11,878 | ▲ 256% |
| Trade debts44 | €15,512 | €716 | €2,943 | €0 | - | €166 | - |
| Suppliers440/4 | - | - | €2,943 | €0 | - | €166 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,000 | €0 | €8,374 | - |
| Taxes450/3 | - | - | - | €4,000 | €0 | €6,374 | - |
| Remuneration and social security454/9 | - | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | - | - | €103,326 | €3,156 | €3,338 | €3,338 | = |
| Accrued charges and deferred income492/3 | - | - | €12,355 | €15,236 | €13,236 | €13,236 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€61,613 | -€52,713 | -€39,842 | €168,602 | -€6,112 | -€6,891 | ▼ 12.7% |
| + Depreciation and write-downs630 | €26,948 | €10,805 | €10,805 | €71 | €667 | €667 | = |
| Operating cash flow (approximation) | -€34,665 | -€41,909 | -€29,038 | €168,673 | -€5,445 | -€6,224 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €497,991 | €0 | €0 | - |
| Change in cash | - | €357 | -€4,855 | €33,575 | -€25,788 | €140 | - |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00031713 | |
| 30-06-2024 | micro format | 17-01-2025 | 2025-00006851 | |
| 30-06-2023 | micro format | 31-12-2023 | 2024-00540594 | |
| 30-06-2022 | micro format | 22-02-2023 | 2023-00031142 | |
| 30-06-2021 | micro format | 30-01-2022 | 2022-04800101 | |
| 30-06-2020 | micro format | 27-01-2021 | 2021-01800529 |