Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-03-2026 PDF all 4 filings
Turnover
≈ €77,000
Estimated: probably between €46,000 and €120,000
Total assets
€216,251▲ 10.4%
2024 · €195,874
Net result
€26,725▲ 24.9%
2024 · €21,403
Working capital
-€115,579▲ 7.4%
2024 · -€124,804
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€29,247
▲ 14.9%
2025
20222025
Net result
€26,725
▲ 24.9%
2025
middle half of the sector
20222025
Equity
€79,921
▲ 13.0%
2025
middle half of the sector
20222025
Total assets
€216,251
▲ 10.4%
2025
lowest quarter of the sector
20222025
Debt
€136,329
▲ 8.9%
2025
20222025
Working capital
-€115,579
▲ 7.4%
2025
lowest quarter of the sector
20222025
Solvency
37.0%
▲ 0.9pp
2025
middle half of the sector
20222025
Current ratio
0.15
▲ 0.15
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
12.4%
▲ 1.4pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€56,561-€88,295▲ 56.1%€25,462▼ 71.2%€29,247▲ 14.9%
Net result€50,997within the sector's middle half-€76,296within the sector's middle half▲ 49.6%€21,403within the sector's middle half▼ 71.9%€26,725within the sector's middle half▲ 24.9%
Equity€22,997below the sector's middle half-€69,293below the sector's middle half▲ 201%€70,696below the sector's middle half▲ 2.0%€79,921within the sector's middle half▲ 13.0%
Total assets€281,178within the sector's middle half-€196,023below the sector's middle half▼ 30.3%€195,874below the sector's middle half▼ 0.1%€216,251below the sector's middle half▲ 10.4%
Debt€258,181-€126,731▼ 50.9%€125,178▼ 1.2%€136,329▲ 8.9%
Working capital-€172,503below the sector's middle half--€126,207below the sector's middle half▲ 26.8%-€124,804below the sector's middle half▲ 1.1%-€115,579below the sector's middle half▲ 7.4%
Solvency8.2%below the sector's middle half-35.3%within the sector's middle half▲ 27.2pp36.1%within the sector's middle half▲ 0.7pp37.0%within the sector's middle half▲ 0.9pp
Current ratio0.33below the sector's middle half-0.00below the sector's middle half▼ 0.330.00below the sector's middle half=0.15below the sector's middle half▲ 0.15
Return on assets (ROA)18.1%within the sector's middle half-38.9%above the sector's middle half▲ 20.8pp10.9%within the sector's middle half▼ 28.0pp12.4%within the sector's middle half▲ 1.4pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 15% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €216,251
Fixed assets
€195,500 =
Current assets
€20,751 ▲ 55×
Equity and liabilities €216,251
Equity
€79,921 ▲ 13.0%
Debt
€136,329 ▲ 8.9%
Debt's share of the balance-sheet total falls from 63.9% to 63.0%. Equity and debt are higher.
Key figures and ratios
ROE
33.4%▲
2024 · 30.3%
Debt ≤ 1 year
€136,329▲
2024 · €125,178
Income taxes
€3,530▲
2024 · €626
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Financial fixed assets | €195,500 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €469 | €460 | €1,100 | €326 | ▼ 70.4% |
| Gross operating margin9900 | €57,030 | €88,755 | €26,562 | €29,573 | ▲ 11.3% |
| Operating profit (loss)9901 | €56,561 | €88,295 | €25,462 | €29,247 | ▲ 14.9% |
| Financial income75/76B | - | - | €500 | €1,543 | ▲ 208% |
| Recurring financial income75 | - | - | €500 | €1,543 | ▲ 208% |
| Financial charges65/66B | €315 | €426 | €3,933 | €534 | ▼ 86.4% |
| Recurring financial charges65 | €315 | €426 | €3,933 | €534 | ▼ 86.4% |
| Profit (loss) for the period before taxes9903 | €56,246 | €87,870 | €22,029 | €30,256 | ▲ 37.3% |
| Income taxes67/77 | €5,249 | €11,574 | €626 | €3,530 | ▲ 464% |
| Profit (loss) for the period9904 | €50,997 | €76,296 | €21,403 | €26,725 | ▲ 24.9% |
| Profit (loss) for the period to be appropriated9905 | €50,997 | €76,296 | €21,403 | €26,725 | ▲ 24.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €281,178 | €196,023 | €195,874 | €216,251 | ▲ 10.4% |
| Fixed assets21/28 | €195,500 | €195,500 | €195,500 | €195,500 | = |
| Financial fixed assets28 | €195,500 | €195,500 | €195,500 | €195,500 | = |
| Current assets29/58 | €85,678 | €523 | €374 | €20,751 | ▲ 55× |
| Amounts receivable within one year40/41 | €85,549 | €444 | €289 | €20,654 | ▲ 72× |
| Trade receivables40 | €85,000 | - | - | - | - |
| Other amounts receivable41 | €549 | €444 | €289 | €20,654 | ▲ 72× |
| Cash at bank and in hand54/58 | €129 | €79 | €86 | €96 | ▲ 12.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €281,178 | €196,023 | €195,874 | €216,251 | ▲ 10.4% |
| Equity10/15 | €22,997 | €69,293 | €70,696 | €79,921 | ▲ 13.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €20,997 | €67,293 | €68,696 | €77,921 | ▲ 13.4% |
| Distributable reserves133 | €20,997 | €67,293 | €68,696 | €77,921 | ▲ 13.4% |
| Amounts payable17/49 | €258,181 | €126,731 | €125,178 | €136,329 | ▲ 8.9% |
| Amounts payable within one year42/48 | €258,181 | €126,731 | €125,178 | €136,329 | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €10,000 | - | - | - |
| Trade debts44 | €2,189 | €5,243 | €2,729 | €5,648 | ▲ 107% |
| Suppliers440/4 | €2,189 | €5,243 | €2,729 | €5,648 | ▲ 107% |
| Taxes, remuneration and social security45 | €5,749 | €28,312 | €9,197 | €16,712 | ▲ 81.7% |
| Taxes450/3 | €5,749 | €28,312 | €9,197 | €16,581 | ▲ 80.3% |
| Remuneration and social security454/9 | - | - | - | €131 | - |
| Other amounts payable47/48 | €250,243 | €83,175 | €113,252 | €113,969 | ▲ 0.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,997 | €76,296 | €21,403 | €26,725 | ▲ 24.9% |
| Operating cash flow (approximation) | €50,997 | €76,296 | €21,403 | €26,725 | ▲ 24.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€49 | €6 | €11 | ▲ 70.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.