Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-05-2026 PDF all 3 filings
Equity
€221,952▲ 185%
2024 · €77,749
Net result
€144,203▲ 164%
2024 · €54,652
Total assets
€445,610▲ 343%
2024 · €100,603
Solvency
49.8%▼ 27.5pp
2024 · 77.3%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€190,402
▲ 169%
2025
20232025
Net result
€144,203
▲ 164%
2025
highest quarter of the sector
20232025
Equity
€221,952
▲ 185%
2025
middle half of the sector
20232025
Total assets
€445,610
▲ 343%
2025
middle half of the sector
20232025
Debt
€223,658
▲ 879%
2025
20232025
Working capital
€185,534
▲ 139%
2025
highest quarter of the sector
20232025
Solvency
49.8%
▼ 27.5pp
2025
middle half of the sector
20232025
Current ratio
2.56
▼ 1.84
2025
middle half of the sector
20232025
Return on assets (ROA)
32.4%
▼ 22.0pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€25,481-€70,708▲ 177%€190,402▲ 169%
Net result€20,097within the sector's middle half-€54,652within the sector's middle half▲ 172%€144,203above the sector's middle half▲ 164%
Equity€23,097below the sector's middle half-€77,749within the sector's middle half▲ 237%€221,952within the sector's middle half▲ 185%
Total assets€42,732below the sector's middle half-€100,603below the sector's middle half▲ 135%€445,610within the sector's middle half▲ 343%
Debt€19,635-€22,854▲ 16.4%€223,658▲ 879%
Working capital€23,097within the sector's middle half-€77,749within the sector's middle half▲ 237%€185,534above the sector's middle half▲ 139%
Solvency54.1%within the sector's middle half-77.3%within the sector's middle half▲ 23.2pp49.8%within the sector's middle half▼ 27.5pp
Current ratio2.18within the sector's middle half-4.40above the sector's middle half▲ 2.232.56within the sector's middle half▼ 1.84
Return on assets (ROA)47.0%above the sector's middle half-54.3%above the sector's middle half▲ 7.3pp32.4%above the sector's middle half▼ 22.0pp
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 169% higher than in 2024 and the highest since 2023. It is the second rise in a row.
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 €445,610
Fixed assets
€141,079
Current assets
€304,531
Equity and liabilities €445,610
Equity
€221,952 ▲ 185%
Debt
€223,658 ▲ 879%
Debt's share of the balance-sheet total rises from 22.7% to 50.2%. Equity and debt are higher.
Key figures and ratios
ROE
65.0%▼
2024 · 70.3%
Debt ≤ 1 year
€118,997▲
2024 · €22,854
Debt > 1 year
€104,661
Income taxes
€46,001▲
2024 · €16,311
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €146,895 |
| Depreciation and write-downs of the year | - | - | €5,865 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,865 | - |
| Other operating charges640/8 | - | €1,019 | €738 | ▼ 27.5% |
| Gross operating margin9900 | €25,481 | €71,727 | €197,005 | ▲ 175% |
| Operating profit (loss)9901 | €25,481 | €70,708 | €190,402 | ▲ 169% |
| Financial income75/76B | €262 | €801 | €1,404 | ▲ 75.1% |
| Recurring financial income75 | €262 | €801 | €1,404 | ▲ 75.1% |
| Financial charges65/66B | €84 | €547 | €1,601 | ▲ 193% |
| Recurring financial charges65 | €84 | €547 | €1,601 | ▲ 193% |
| Profit (loss) for the period before taxes9903 | €25,659 | €70,963 | €190,204 | ▲ 168% |
| Income taxes67/77 | €5,562 | €16,311 | €46,001 | ▲ 182% |
| Profit (loss) for the period9904 | €20,097 | €54,652 | €144,203 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €20,097 | €54,652 | €144,203 | ▲ 164% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €42,732 | €100,603 | €445,610 | ▲ 343% |
| Fixed assets21/28 | - | - | €141,079 | - |
| Tangible fixed assets22/27 | - | - | €141,029 | - |
| Plant, machinery and equipment23 | - | - | €1,676 | - |
| Furniture and vehicles24 | - | - | €7,476 | - |
| Leasing and similar rights25 | - | - | €131,877 | - |
| Financial fixed assets28 | - | - | €50 | - |
| Current assets29/58 | €42,732 | €100,603 | €304,531 | ▲ 203% |
| Stocks and contracts in progress3 | - | €5,750 | €0 | ▼ 100% |
| Stocks30/36 | - | €5,750 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €17,377 | €31,591 | €142,705 | ▲ 352% |
| Trade receivables40 | - | - | €50,000 | - |
| Other amounts receivable41 | €17,377 | €31,591 | €92,705 | ▲ 193% |
| Cash at bank and in hand54/58 | €25,355 | €63,262 | €159,985 | ▲ 153% |
| Deferred charges and accrued income490/1 | - | - | €1,840 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €42,732 | €100,603 | €445,610 | ▲ 343% |
| Equity10/15 | €23,097 | €77,749 | €221,952 | ▲ 185% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | - | €218,952 | - |
| Distributable reserves133 | - | - | €218,952 | - |
| Profit (loss) carried forward14 | €20,097 | €74,749 | €0 | ▼ 100% |
| Amounts payable17/49 | €19,635 | €22,854 | €223,658 | ▲ 879% |
| Amounts payable after more than one year17 | - | - | €104,661 | - |
| Financial debts170/4 | - | - | €104,661 | - |
| Amounts payable within one year42/48 | €19,635 | €22,854 | €118,997 | ▲ 421% |
| Current portion of amounts payable after more than one year42 | - | - | €25,834 | - |
| Financial debts43 | - | - | €40,000 | - |
| Credit institutions430/8 | - | - | €40,000 | - |
| Trade debts44 | €1,713 | €869 | €26,965 | ▲ 31× |
| Suppliers440/4 | €1,713 | €869 | €26,965 | ▲ 31× |
| Taxes, remuneration and social security45 | €17,810 | €21,873 | €25,913 | ▲ 18.5% |
| Taxes450/3 | €17,810 | €21,873 | €25,913 | ▲ 18.5% |
| Other amounts payable47/48 | €112 | €112 | €285 | ▲ 155% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,097 | €54,652 | €144,203 | ▲ 164% |
| + Depreciation and write-downs630 | - | - | €5,865 | - |
| Operating cash flow (approximation) | €20,097 | €54,652 | €150,068 | ▲ 175% |
| Change in cash | - | €37,907 | €96,723 | ▲ 155% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.