Summary
Holding AS has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €904k and a net result of €104k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 37% of 3307 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
9 d early
2022
3 d early
2021
26 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€904k▲ 13.0%
2024 · €800k
2020: €39klowest in 6 years
2021: €274k▲ +598% vs 2020
2022: €530k▲ +93.5% vs 2021
2023: €768k▲ +45.0% vs 2022
2024: €800k▲ +4.1% vs 2023
2025: €904k▲ +13.0% vs 2024highest in 6 years
2020 → 2025
Total assets
€3.06M▼ 2.4%
2024 · €3.14M
2020: €365klowest in 6 years
2021: €3.16M▲ +766% vs 2020
2022: €3.27M▲ +3.2% vs 2021highest in 6 years
2023: €3.16M▼ -3.1% vs 2022
2024: €3.14M▼ -0.8% vs 2023
2025: €3.06M▼ -2.4% vs 2024
2020 → 2025
Net result
€104k▲ 230%
2024 · €32k
2020: €19klowest in 6 years
2021: €235k▲ +1118% vs 2020
2022: €256k▲ +9.2% vs 2021highest in 6 years
2023: €239k▼ -6.8% vs 2022
2024: €32k▼ -86.7% vs 2023
2025: €104k▲ +230% vs 2024
2020 → 2025
Working capital
€-427k▼ 23.1%
2024 · €-347k
2020: €6khighest in 6 years
2021: €-23k▼ -477% vs 2020
2022: €-13k▲ +40.8% vs 2021
2023: €-22k▼ -61.5% vs 2022
2024: €-347k▼ -1500% vs 2023
2025: €-427k▼ -23.1% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€274k-€530k▲ 93.5%€768k▲ 45.0%€800k▲ 4.1%€904k▲ 13.0%
2021: €274klowest in 5 years
2022: €530k▲ +93.5% vs 2021
2023: €768k▲ +45.0% vs 2022
2024: €800k▲ +4.1% vs 2023
2025: €904k▲ +13.0% vs 2024highest in 5 years
Operating result€318k-€357k▲ 12.0%€336k▼ 5.7%€109k▼ 67.6%€195k▲ 79.1%
2021: €318k
2022: €357k▲ +12.0% vs 2021highest in 5 years
2023: €336k▼ -5.7% vs 2022
2024: €109k▼ -67.6% vs 2023lowest in 5 years
2025: €195k▲ +79.1% vs 2024
Net result€235k-€256k▲ 9.2%€239k▼ 6.8%€32k▼ 86.7%€104k▲ 230%
2021: €235k
2022: €256k▲ +9.2% vs 2021highest in 5 years
2023: €239k▼ -6.8% vs 2022
2024: €32k▼ -86.7% vs 2023lowest in 5 years
2025: €104k▲ +230% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 79% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.06M
Fixed assets
€2.89M ▼ 0.2%
Current assets
€174k ▼ 29.2%
Equity and liabilities €3.06M
Equity
€904k ▲ 13.0%
Debt
€2.16M ▼ 7.7%
Debt's share of the balance-sheet total falls from 74.5% to 70.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
11.5%▲
2024 · 4.0%
ROA
3.4%▲
2024 · 1.0%
Debt ≤ 1 year
€601k▲
2024 · €592k
Debt > 1 year
€1.56M▼
2024 · €1.75M
Income taxes
€41k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.14M€3.06M▼
Fixed assets21/28€2.89M€2.89M▼
Financial fixed assets28€2.89M€2.89M▼
Current assets29/58€245k€174k▼
Amounts receivable within one year40/41€231k€171k▼
Trade receivables40€154k€160k▲
Other amounts receivable41€77k€11k▼
Current investments50/53€0-
Cash at bank and in hand54/58€14k€3k▼
Equity and liabilities
Total equity and liabilities10/49€3.14M€3.06M▼
Equity10/15€800k€904k▲
Contributions10/11€20k€20k=
Reserves13€780k€884k▲
Distributable reserves133€780k€884k▲
Amounts payable17/49€2.34M€2.16M▼
Amounts payable after more than one year17€1.75M€1.56M▼
Financial debts170/4€1.75M€1.56M▼
Amounts payable within one year42/48€592k€601k▲
Current portion of amounts payable after more than one year42€247k€247k=
Trade debts44€278k€305k▲
Suppliers440/4€278k€305k▲
Taxes, remuneration and social security45€22k€27k▲
Taxes450/3€22k€27k▲
Other amounts payable47/48€45k€23k▼
Income statement
Code20242025
Non-recurring operating income76A-€32k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€110k€196k▲
Operating profit (loss)9901€109k€195k▲
Financial income75/76B€981€5k▲
Recurring financial income75€981€5k▲
Financial charges65/66B€67k€55k▼
Recurring financial charges65€67k€55k▼
Profit (loss) for the period before taxes9903€43k€145k▲
Income taxes67/77€11k€41k▲
Profit (loss) for the period9904€32k€104k▲
Profit (loss) for the period to be appropriated9905€32k€104k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€104k▲
Transfer to equity691/2€32k€104k▲
To other reserves6921€32k€104k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €32k | - |
| Remuneration, social security and pensions62 | €11k | €-252 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €2k | €8k | €3k | €1k | €1k | ▲ 4.4% |
| Gross operating margin9900 | €332k | €364k | €340k | €110k | €196k | ▲ 78.4% |
| Operating profit (loss)9901 | €318k | €357k | €336k | €109k | €195k | ▲ 79.1% |
| Financial income75/76B | - | - | €750 | €981 | €5k | ▲ 413% |
| Recurring financial income75 | - | - | €750 | €981 | €5k | ▲ 413% |
| Financial charges65/66B | €4k | €15k | €20k | €67k | €55k | ▼ 18.2% |
| Recurring financial charges65 | €4k | €15k | €20k | €67k | €55k | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €315k | €341k | €317k | €43k | €145k | ▲ 239% |
| Income taxes67/77 | €80k | €85k | €78k | €11k | €41k | ▲ 263% |
| Profit (loss) for the period9904 | €235k | €256k | €239k | €32k | €104k | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €235k | €256k | €239k | €32k | €104k | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.16M | €3.27M | €3.16M | €3.14M | €3.06M | ▼ 2.4% |
| Fixed assets21/28 | €2.73M | €2.73M | €2.73M | €2.89M | €2.89M | ▼ 0.2% |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €2.73M | €2.73M | €2.73M | €2.89M | €2.89M | ▼ 0.2% |
| Current assets29/58 | €430k | €533k | €431k | €245k | €174k | ▼ 29.2% |
| Amounts receivable within one year40/41 | €400k | €469k | €295k | €231k | €171k | ▼ 26.1% |
| Trade receivables40 | €389k | €458k | €262k | €154k | €160k | ▲ 4.0% |
| Other amounts receivable41 | €11k | €11k | €33k | €77k | €11k | ▼ 86.0% |
| Current investments50/53 | - | - | €90k | €0 | - | - |
| Cash at bank and in hand54/58 | €30k | €64k | €46k | €14k | €3k | ▼ 80.4% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.16M | €3.27M | €3.16M | €3.14M | €3.06M | ▼ 2.4% |
| Equity10/15 | €274k | €530k | €768k | €800k | €904k | ▲ 13.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €254k | €510k | €748k | €780k | €884k | ▲ 13.4% |
| Distributable reserves133 | €254k | €510k | €748k | €780k | €884k | ▲ 13.4% |
| Amounts payable17/49 | €2.89M | €2.74M | €2.40M | €2.34M | €2.16M | ▼ 7.7% |
| Amounts payable after more than one year17 | €2.44M | €2.19M | €1.94M | €1.75M | €1.56M | ▼ 10.8% |
| Financial debts170/4 | €2.44M | €2.19M | €1.94M | €1.75M | €1.56M | ▼ 10.8% |
| Amounts payable within one year42/48 | €453k | €547k | €452k | €592k | €601k | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €247k | €247k | €247k | €247k | €247k | = |
| Trade debts44 | €72k | €128k | €161k | €278k | €305k | ▲ 9.6% |
| Suppliers440/4 | €72k | €128k | €161k | €278k | €305k | ▲ 9.6% |
| Taxes, remuneration and social security45 | €112k | €149k | €22k | €22k | €27k | ▲ 20.7% |
| Taxes450/3 | €112k | €149k | €22k | €22k | €27k | ▲ 20.7% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €23k | €23k | €23k | €45k | €23k | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €235k | €256k | €239k | €32k | €104k | ▲ 230% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €235k | €256k | €239k | €32k | €104k | ▲ 230% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-160k | €5k | ▲ 103% |
| Change in cash | - | €33k | €-18k | €-32k | €-11k | ▲ 64.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €256k ▲9.2%
Operating result €357k, net result €256k, both a record.
31-12
Financial
Equity above €500kEq €530k ▲93.5%
3 profitable years in a row build equity to €530k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Equity above €200kEq €274k ▲598%
2 profitable years in a row build equity to €274k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
Ground area
2,582 m²
Building footprint
443 m²
Volume, LiDAR
1,063 m³
Parcel 44038A0136/00K000, Flanders · tallest building 9.2 m. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Holding AS
since 20202.298.054.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0136/00K000 | Flanders | 2,582 m² | 1 · 443 m² | 9.2 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,830 EUR awarded · 1,830 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,830 EUR | 1,830 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,634 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
64210Activities of holding companies
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.