Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 17 filings
Equity
€295,848▲ 58.0%
2024 · €187,278
Net result
€108,570▲ 238%
2024 · €32,093
Total assets
€295,942▲ 57.9%
2024 · €187,404
Solvency
100.0%=
2024 · 99.9%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€2,370
▼ 16.6%
2025
20182025
Net result
€108,570
▲ 238%
2025
highest quarter of the sector
20182025
Equity
€295,848
▲ 58.0%
2025
middle half of the sector
20182025
Total assets
€295,942
▲ 57.9%
2025
middle half of the sector
20182025
Debt
€94
▼ 25.9%
2025
20182025
Working capital
€143,848
▲ 308%
2025
middle half of the sector
20182025
Solvency
100.0%
=
2025
highest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
36.7%
▲ 19.6pp
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€9,454-€6,654▼ 29.6%€3,306▼ 50.3%€3,224▼ 2.5%€3,734▲ 15.8%€976▼ 73.9%€2,843▲ 191%€2,370▼ 16.6%
Net result€9,300-€6,571▼ 29.3%€2,406below the sector's middle half▼ 63.4%€2,351below the sector's middle half▼ 2.3%€2,705below the sector's middle half▲ 15.1%€100,621above the sector's middle half▲ 37×€32,093within the sector's middle half▼ 68.1%€108,570above the sector's middle half▲ 238%
Equity€40,531-€47,102▲ 16.2%€49,508within the sector's middle half▲ 5.1%€51,859within the sector's middle half▲ 4.7%€54,564within the sector's middle half▲ 5.2%€155,185within the sector's middle half▲ 184%€187,278within the sector's middle half▲ 20.7%€295,848within the sector's middle half▲ 58.0%
Total assets€112,966-€104,580▼ 7.4%€90,707below the sector's middle half▼ 13.3%€93,325below the sector's middle half▲ 2.9%€94,870below the sector's middle half▲ 1.7%€175,253within the sector's middle half▲ 84.7%€187,404within the sector's middle half▲ 6.9%€295,942within the sector's middle half▲ 57.9%
Debt€72,434-€57,478▼ 20.6%€41,199▼ 28.3%€41,466▲ 0.6%€40,306▼ 2.8%€20,068▼ 50.2%€127▼ 99.4%€94▼ 25.9%
Working capital-€37,769--€31,198▲ 17.4%-€28,792within the sector's middle half▲ 7.7%-€26,441within the sector's middle half▲ 8.2%-€23,736within the sector's middle half▲ 10.2%-€3,115within the sector's middle half▲ 86.9%€35,278within the sector's middle half€143,848within the sector's middle half▲ 308%
Solvency35.9%-45.0%▲ 9.2pp54.6%within the sector's middle half▲ 9.5pp55.6%within the sector's middle half▲ 1.0pp57.5%within the sector's middle half▲ 1.9pp88.5%above the sector's middle half▲ 31.0pp99.9%above the sector's middle half▲ 11.4pp100.0%above the sector's middle half=
Current ratio0.48-0.46▼ 0.020.30below the sector's middle half▼ 0.160.36below the sector's middle half▲ 0.060.41below the sector's middle half▲ 0.050.84within the sector's middle half▲ 0.43
Return on assets (ROA)8.2%-6.3%▼ 1.9pp2.7%within the sector's middle half▼ 3.6pp2.5%within the sector's middle half▼ 0.1pp2.9%within the sector's middle half▲ 0.3pp57.4%above the sector's middle half▲ 54.6pp17.1%within the sector's middle half▼ 40.3pp36.7%above the sector's middle half▲ 19.6pp
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 17% 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
Assets €295,942
Fixed assets
€152,000 =
Current assets
€143,942 ▲ 307%
Equity and liabilities €295,942
Equity
€295,848 ▲ 58.0%
Debt
€94 ▼ 25.9%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
ROE
36.7%▲
2024 · 17.1%
Debt ≤ 1 year
€94▼
2024 · €127
Income taxes
€575▼
2024 · €698
A ratio outside any meaningful range has been withheld (balance sheet total €295,942, equity €295,848).
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 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €80,000 | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €614 | €623 | €686 | €700 | €733 | ▲ 4.8% |
| Gross operating margin9900 | €10,133 | €7,372 | €3,918 | €3,838 | €4,357 | €1,662 | €3,543 | €3,103 | ▼ 12.4% |
| Operating profit (loss)9901 | €9,454 | €6,654 | €3,306 | €3,224 | €3,734 | €976 | €2,843 | €2,370 | ▼ 16.6% |
| Financial income75/76B | - | - | - | - | - | €100,000 | €30,000 | €106,846 | ▲ 256% |
| Recurring financial income75 | - | - | - | - | - | €100,000 | €30,000 | €106,846 | ▲ 256% |
| Financial charges65/66B | - | - | - | €89 | €126 | €148 | €52 | €71 | ▲ 35.9% |
| Recurring financial charges65 | €155 | €28 | €25 | €89 | €126 | €148 | €52 | €71 | ▲ 35.9% |
| Profit (loss) for the period before taxes9903 | €9,300 | €6,626 | €3,282 | €3,135 | €3,608 | €100,828 | €32,791 | €109,145 | ▲ 233% |
| Income taxes67/77 | - | €55 | €876 | €784 | €903 | €207 | €698 | €575 | ▼ 17.6% |
| Profit (loss) for the period9904 | €9,300 | €6,571 | €2,406 | €2,351 | €2,705 | €100,621 | €32,093 | €108,570 | ▲ 238% |
| Profit (loss) for the period to be appropriated9905 | €9,300 | €6,571 | €2,406 | €2,351 | €2,705 | €100,621 | €32,093 | €108,570 | ▲ 238% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €112,966 | €104,580 | €90,707 | €93,325 | €94,870 | €175,253 | €187,404 | €295,942 | ▲ 57.9% |
| Fixed assets21/28 | €78,300 | €78,300 | €78,300 | €78,300 | €78,300 | €158,300 | €152,000 | €152,000 | = |
| Financial fixed assets28 | €78,300 | €78,300 | €78,300 | €78,300 | €78,300 | €158,300 | €152,000 | €152,000 | = |
| Current assets29/58 | €34,666 | €26,280 | €12,407 | €15,025 | €16,570 | €16,953 | €35,404 | €143,942 | ▲ 307% |
| Amounts receivable within one year40/41 | €3,630 | €1,815 | - | €131 | €3,630 | €1,557 | €102 | €225 | ▲ 120% |
| Trade receivables40 | - | - | - | - | €3,630 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €131 | €0 | €1,557 | €102 | €225 | ▲ 120% |
| Cash at bank and in hand54/58 | €31,036 | €24,465 | €12,407 | €14,893 | €12,940 | €15,396 | €35,302 | €143,716 | ▲ 307% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €112,966 | €104,580 | €90,707 | €93,325 | €94,870 | €175,253 | €187,404 | €295,942 | ▲ 57.9% |
| Equity10/15 | €40,531 | €47,102 | €49,508 | €51,859 | €54,564 | €155,185 | €187,278 | €295,848 | ▲ 58.0% |
| Contributions10/11 | €40,000 | €40,000 | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €531 | €7,102 | €9,508 | €11,859 | €14,564 | €115,185 | €147,278 | €255,848 | ▲ 73.7% |
| Non-distributable reserves130/1 | - | - | - | €860 | €860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €860 | €860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €10,999 | €13,704 | €115,185 | €147,278 | €255,848 | ▲ 73.7% |
| Amounts payable17/49 | €72,434 | €57,478 | €41,199 | €41,466 | €40,306 | €20,068 | €127 | €94 | ▼ 25.9% |
| Amounts payable within one year42/48 | €72,434 | €57,478 | €41,199 | €41,466 | €40,306 | €20,068 | €127 | €94 | ▼ 25.9% |
| Trade debts44 | €44 | - | €45 | €278 | €96 | €125 | €127 | €94 | ▼ 25.9% |
| Suppliers440/4 | - | - | - | €278 | €96 | €125 | €127 | €94 | ▼ 25.9% |
| Taxes, remuneration and social security45 | - | - | - | €1,188 | €211 | €0 | - | - | - |
| Taxes450/3 | - | - | - | €1,188 | €211 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €40,000 | €40,000 | €19,943 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,300 | €6,571 | €2,406 | €2,351 | €2,705 | €100,621 | €32,093 | €108,570 | ▲ 238% |
| Operating cash flow (approximation) | €9,300 | €6,571 | €2,406 | €2,351 | €2,705 | €100,621 | €32,093 | €108,570 | ▲ 238% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€80,000 | €6,300 | €0 | ▼ 100% |
| Change in cash | - | -€6,570 | -€12,059 | €2,486 | -€1,953 | €2,456 | €19,906 | €108,414 | ▲ 445% |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00362465 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00410979 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00248448 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00270495 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20221826 | |
| 31-12-2020 | micro format | 04-05-2021 | 2021-13300068 | |
| 31-12-2019 | micro format | 25-05-2020 | 2020-13100036 | |
| 31-12-2018 | micro format | 14-05-2019 | 2019-12900283 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-16900103 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-26700130 |