Summary
homework is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €224,166 and a net result of €33,924. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 24% of 259 sector peers (NACE 64, financial year 2026). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2026, micro format
Equity
€224,166▲ 17.3%
2025 · €191,075
Net result
€33,924▲ 1,276%
2025 · €2,466
Total assets
€821,577▲ 8.5%
2025 · €757,494
Solvency
27.3%▲ 2.1pp
2025 · 25.2%
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 189% above 2025 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€65,000
2026
Net result€33,924
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€821,577
2026
Equity€224,166
2026
Debt€597,411
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€109,900
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.1%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency27.3%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.29
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€4,730-€63,853€55,864▼ 12.5%€51,731▼ 7.4%€14,663▼ 71.7%€17,995▲ 22.7%€22,476▲ 24.9%€65,000▲ 189%
Net result-€12,207-€47,035€37,594within the sector's middle half▼ 20.1%€42,728within the sector's middle half▲ 13.7%€9,246within the sector's middle half▼ 78.4%€11,297within the sector's middle half▲ 22.2%€2,466below the sector's middle half▼ 78.2%€33,924▲ 1,276%
Equity€43,201-€90,236▲ 109%€127,830within the sector's middle half▲ 41.7%€170,558within the sector's middle half▲ 33.4%€179,004within the sector's middle half▲ 5.0%€189,468within the sector's middle half▲ 5.8%€191,075within the sector's middle half▲ 0.8%€224,166▲ 17.3%
Total assets€526,432-€549,560▲ 4.4%€431,224within the sector's middle half▼ 21.5%€204,637within the sector's middle half▼ 52.5%€189,199within the sector's middle half▼ 7.5%€548,565within the sector's middle half▲ 190%€757,494within the sector's middle half▲ 38.1%€821,577▲ 8.5%
Debt€483,231-€459,323▼ 4.9%€303,394▼ 33.9%€34,079▼ 88.8%€10,195▼ 70.1%€359,097▲ 3,422%€566,419▲ 57.7%€597,411▲ 5.5%
Working capital€43,201-€90,236▲ 109%€115,230within the sector's middle half▲ 27.7%€20,689within the sector's middle half▼ 82.0%€31,567within the sector's middle half▲ 52.6%€32,931within the sector's middle half▲ 4.3%-€66,970below the sector's middle half-€109,900▼ 64.1%
Solvency8.2%-16.4%▲ 8.2pp29.6%within the sector's middle half▲ 13.2pp83.3%above the sector's middle half▲ 53.7pp94.6%above the sector's middle half▲ 11.3pp34.5%within the sector's middle half▼ 60.1pp25.2%within the sector's middle half▼ 9.3pp27.3%▲ 2.1pp
Current ratio1.09-1.20▲ 0.111.38within the sector's middle half▲ 0.181.78within the sector's middle half▲ 0.406.87above the sector's middle half▲ 5.081.43within the sector's middle half▼ 5.440.38below the sector's middle half▼ 1.040.29▼ 0.09
Return on assets (ROA)-2.3%-8.6%▲ 10.9pp8.7%within the sector's middle half▲ 0.2pp20.9%within the sector's middle half▲ 12.2pp4.9%within the sector's middle half▼ 16.0pp2.1%within the sector's middle half▼ 2.8pp0.3%below the sector's middle half▼ 1.7pp4.1%▲ 3.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €821,577
Fixed assets
€775,885 ▲ 8.4%
Current assets
€45,692 ▲ 9.4%
Equity and liabilities €821,577
Equity
€224,166 ▲ 17.3%
Debt
€597,411 ▲ 5.5%
Debt's share of the balance-sheet total falls from 74.8% to 72.7%. Equity and debt are higher.
Key figures and ratios
ROE
15.1%▲
2025 · 1.3%
Debt ≤ 1 year
€155,593▲
2025 · €108,748
Debt > 1 year
€435,912▼
2025 · €455,142
Income taxes
€7,237▲
2025 · €247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €2,344 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €900 | €21,868 | €5,250 | €7,910 | €23,929 | €29,213 | ▲ 22.1% |
| Other operating charges640/8 | - | - | - | €1,946 | €1,271 | €1,493 | €1,574 | €789 | ▼ 49.8% |
| Non-recurring operating charges66A | - | - | - | €357 | €0 | - | - | - | - |
| Gross operating margin9900 | -€3,112 | €65,547 | €59,090 | €75,902 | €21,184 | €27,399 | €47,979 | €95,003 | ▲ 98.0% |
| Operating profit (loss)9901 | -€4,730 | €63,853 | €55,864 | €51,731 | €14,663 | €17,995 | €22,476 | €65,000 | ▲ 189% |
| Financial income75/76B | - | - | - | €13,366 | €0 | €0 | €0 | €154 | ▲ 46,573% |
| Recurring financial income75 | €81 | €544 | €1 | €13,366 | €0 | €0 | €0 | €154 | ▲ 46,573% |
| Financial charges65/66B | - | - | - | €968 | €1,739 | €5,568 | €19,764 | €23,993 | ▲ 21.4% |
| Recurring financial charges65 | €7,558 | €9,298 | €8,007 | €968 | €1,739 | €5,568 | €19,764 | €23,993 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | -€12,207 | €55,099 | €47,859 | €64,128 | €12,924 | €12,427 | €2,712 | €41,161 | ▲ 1,418% |
| Income taxes67/77 | - | €8,064 | €10,265 | €21,400 | €3,679 | €1,130 | €247 | €7,237 | ▲ 2,835% |
| Profit (loss) for the period9904 | -€12,207 | €47,035 | €37,594 | €42,728 | €9,246 | €11,297 | €2,466 | €33,924 | ▲ 1,276% |
| Profit (loss) for the period to be appropriated9905 | -€12,207 | €47,035 | €37,594 | €42,728 | €9,246 | €11,297 | €2,466 | €33,924 | ▲ 1,276% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €526,432 | €549,560 | €431,224 | €204,637 | €189,199 | €548,565 | €757,494 | €821,577 | ▲ 8.5% |
| Fixed assets21/28 | - | - | €12,600 | €157,500 | €152,250 | €438,273 | €715,716 | €775,885 | ▲ 8.4% |
| Tangible fixed assets22/27 | - | - | €12,600 | €157,500 | €152,250 | €438,073 | €715,516 | €695,685 | ▼ 2.8% |
| Land and buildings22 | - | - | - | €144,014 | €141,514 | €419,990 | €686,338 | €664,898 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €7,610 | €22,906 | €21,921 | ▼ 4.3% |
| Furniture and vehicles24 | - | - | - | €13,486 | €10,736 | €10,473 | €6,272 | €8,866 | ▲ 41.4% |
| Financial fixed assets28 | - | - | - | - | - | €200 | €200 | €80,200 | ▲ 40,000% |
| Current assets29/58 | €526,432 | €549,560 | €418,624 | €47,137 | €36,949 | €110,293 | €41,778 | €45,692 | ▲ 9.4% |
| Stocks and contracts in progress3 | €522,298 | €469,188 | €314,264 | €0 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | - | €13,864 | €16,065 | €15,495 | €15,933 | ▲ 2.8% |
| Trade receivables40 | - | - | - | - | €12,776 | €12,656 | €12,991 | €15,795 | ▲ 21.6% |
| Other amounts receivable41 | - | - | - | - | €1,089 | €3,410 | €2,503 | €138 | ▼ 94.5% |
| Current investments50/53 | - | - | - | - | - | €250 | €250 | €250 | = |
| Cash at bank and in hand54/58 | €4,134 | €80,372 | €103,817 | €47,081 | €22,776 | €93,707 | €25,963 | €27,409 | ▲ 5.6% |
| Deferred charges and accrued income490/1 | - | - | - | €56 | €309 | €270 | €71 | €2,100 | ▲ 2,876% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €526,432 | €549,560 | €431,224 | €204,637 | €189,199 | €548,565 | €757,494 | €821,577 | ▲ 8.5% |
| Equity10/15 | €43,201 | €90,236 | €127,830 | €170,558 | €179,004 | €189,468 | €191,075 | €224,166 | ▲ 17.3% |
| Contributions10/11 | €60,000 | €60,000 | - | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | - | - | - | €42,728 | €119,004 | €129,468 | €131,075 | €164,166 | ▲ 25.2% |
| Distributable reserves133 | - | - | - | €42,728 | €119,004 | €129,468 | €131,075 | €164,166 | ▲ 25.2% |
| Profit (loss) carried forward14 | -€16,799 | €30,236 | €67,830 | €67,830 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €483,231 | €459,323 | €303,394 | €34,079 | €10,195 | €359,097 | €566,419 | €597,411 | ▲ 5.5% |
| Amounts payable after more than one year17 | - | - | - | €7,521 | €4,813 | €281,720 | €455,142 | €435,912 | ▼ 4.2% |
| Financial debts170/4 | - | - | - | €7,521 | €4,813 | €281,720 | €455,142 | €435,912 | ▼ 4.2% |
| Amounts payable within one year42/48 | €483,231 | €459,323 | €303,394 | €26,448 | €5,381 | €77,362 | €108,748 | €155,593 | ▲ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,676 | €2,707 | €19,091 | €22,091 | €20,799 | ▼ 5.9% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €31,229 | €66,715 | €36,872 | €993 | €695 | €56,398 | €6,802 | €10,953 | ▲ 61.0% |
| Suppliers440/4 | - | - | - | €993 | €695 | €56,398 | €6,802 | €10,953 | ▲ 61.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €2,213 | €4,664 | ▲ 111% |
| Taxes, remuneration and social security45 | - | - | - | €21,400 | €1,179 | €1,040 | €8,418 | €7,163 | ▼ 14.9% |
| Taxes450/3 | - | - | - | €21,400 | €1,179 | €1,040 | €8,418 | €7,163 | ▼ 14.9% |
| Other amounts payable47/48 | - | - | - | €1,379 | €800 | €833 | €69,223 | €112,014 | ▲ 61.8% |
| Accrued charges and deferred income492/3 | - | - | - | €110 | €0 | €14 | €2,530 | €5,906 | ▲ 133% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,207 | €47,035 | €37,594 | €42,728 | €9,246 | €11,297 | €2,466 | €33,924 | ▲ 1,276% |
| + Depreciation and write-downs630 | - | - | €900 | €21,868 | €5,250 | €7,910 | €23,929 | €29,213 | ▲ 22.1% |
| Operating cash flow (approximation) | -€12,207 | €47,035 | €38,494 | €64,596 | €14,496 | €19,208 | €26,395 | €63,137 | ▲ 139% |
| Investment in fixed assets (approximation) | - | - | - | -€166,768 | €0 | -€293,933 | -€301,373 | -€89,382 | ▲ 70.3% |
| Change in cash | - | €76,239 | €23,444 | -€56,735 | -€24,306 | €70,932 | -€67,745 | €1,447 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 09-10-2026 | 2026-00552455 |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00553257 |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00517066 |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00496391 |
| 31-03-2022 | micro format | 27-10-2022 | 2022-20474074 |
| 31-03-2021 | micro format | 16-11-2021 | 2021-77400538 |
| 31-03-2020 | micro format | 16-10-2020 | 2020-61700206 |
| 31-03-2019 | micro format | 02-10-2019 | 2019-68200048 |
| 31-03-2018 | micro format | 29-09-2018 | 2018-67000484 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,972. 13,712 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.