HONORIUS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-04-2026 PDF all 10 filings
Equity
-€153,228▲ 20.0%
2024 · -€191,559
Net result
€38,331▼ 60.2%
2024 · €96,407
Total assets
€575,448▲ 2.2%
2024 · €563,330
Solvency
-26.6%▲ 7.4pp
2024 · -34.0%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€54,498
▼ 59.7%
2025
20192025
Net result
€38,331
▼ 60.2%
2025
middle half of the sector
20192025
Equity
-€153,228
▲ 20.0%
2025
lowest quarter of the sector
20192025
Total assets
€575,448
▲ 2.2%
2025
middle half of the sector
20192025
Debt
€728,676
▼ 3.5%
2025
20192025
Working capital
-€547,387
▲ 4.0%
2025
lowest quarter of the sector
20192025
Solvency
-26.6%
▲ 7.4pp
2025
lowest quarter of the sector
20192025
Current ratio
0.25
▲ 0.02
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
6.7%
▼ 10.5pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1,159-€19,701▲ 17×€3,822▼ 80.6%€22,828▲ 497%€64,653▲ 183%€135,364▲ 109%€54,498▼ 59.7%
Net result€637-€19,593within the sector's middle half▲ 31×€3,300below the sector's middle half▼ 83.2%€21,964within the sector's middle half▲ 566%€50,228within the sector's middle half▲ 129%€96,407above the sector's middle half▲ 91.9%€38,331within the sector's middle half▼ 60.2%
Equity-€383,050--€363,457below the sector's middle half▲ 5.1%-€360,157below the sector's middle half▲ 0.9%-€338,193below the sector's middle half▲ 6.1%-€287,966below the sector's middle half▲ 14.9%-€191,559below the sector's middle half▲ 33.5%-€153,228below the sector's middle half▲ 20.0%
Total assets€538,961-€549,670within the sector's middle half▲ 2.0%€531,530within the sector's middle half▼ 3.3%€605,662within the sector's middle half▲ 13.9%€483,818within the sector's middle half▼ 20.1%€563,330within the sector's middle half▲ 16.4%€575,448within the sector's middle half▲ 2.2%
Debt€922,011-€913,127▼ 1.0%€891,688▼ 2.3%€943,855▲ 5.9%€771,784▼ 18.2%€754,889▼ 2.2%€728,676▼ 3.5%
Working capital-€876,469--€818,790below the sector's middle half▲ 6.6%-€811,145below the sector's middle half▲ 0.9%-€762,932below the sector's middle half▲ 5.9%-€675,172below the sector's middle half▲ 11.5%-€570,193below the sector's middle half▲ 15.5%-€547,387below the sector's middle half▲ 4.0%
Solvency-71.1%--66.1%below the sector's middle half▲ 4.9pp-67.8%below the sector's middle half▼ 1.6pp-55.8%below the sector's middle half▲ 11.9pp-59.5%below the sector's middle half▼ 3.7pp-34.0%below the sector's middle half▲ 25.5pp-26.6%below the sector's middle half▲ 7.4pp
Current ratio0.03-0.08below the sector's middle half▲ 0.050.09below the sector's middle half▲ 0.010.19below the sector's middle half▲ 0.100.11below the sector's middle half▼ 0.080.23below the sector's middle half▲ 0.120.25below the sector's middle half▲ 0.02
Return on assets (ROA)0.1%-3.6%within the sector's middle half▲ 3.4pp0.6%below the sector's middle half▼ 2.9pp3.6%within the sector's middle half▲ 3.0pp10.4%within the sector's middle half▲ 6.8pp17.1%within the sector's middle half▲ 6.7pp6.7%within the sector's middle half▼ 10.5pp
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 60% 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 €575,448
Fixed assets
€395,673 ▲ 0.7%
Current assets
€179,775 ▲ 5.4%
Equity and liabilities
Equity-€153,228
Debt€728,676
Equity is negative. Debt (€728,676) exceeds the balance-sheet total (€575,448).
Key figures and ratios
Debt ≤ 1 year
€727,162▼
2024 · €740,749
Income taxes
€15,207▼
2024 · €38,075
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,650 | €1,240 | €28,225 | €39,189 |
| Financial fixed assets | - | €700 | - | - | - |
| Depreciation and write-downs of the year | €29,549 | €29,814 | €29,631 | €32,516 | €36,290 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,549 | €29,549 | €29,549 | €29,814 | €29,631 | €32,516 | €36,290 | ▲ 11.6% |
| Other operating charges640/8 | - | - | €3,295 | €3,112 | €3,529 | €3,313 | €1,091 | ▼ 67.1% |
| Gross operating margin9900 | €32,743 | €53,641 | €36,666 | €55,754 | €97,813 | €171,193 | €91,879 | ▼ 46.3% |
| Operating profit (loss)9901 | €1,159 | €19,701 | €3,822 | €22,828 | €64,653 | €135,364 | €54,498 | ▼ 59.7% |
| Financial income75/76B | - | - | €469 | €0 | €1,072 | €455 | €159 | ▼ 65.1% |
| Recurring financial income75 | - | €221 | €469 | €0 | €1,072 | €455 | €159 | ▼ 65.1% |
| Financial charges65/66B | - | - | €991 | €773 | €893 | €1,337 | €1,119 | ▼ 16.3% |
| Recurring financial charges65 | €522 | €330 | €991 | €773 | €893 | €1,337 | €1,119 | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €637 | €19,593 | €3,300 | €22,055 | €64,831 | €134,482 | €53,538 | ▼ 60.2% |
| Income taxes67/77 | - | - | - | €91 | €14,604 | €38,075 | €15,207 | ▼ 60.1% |
| Profit (loss) for the period9904 | €637 | €19,593 | €3,300 | €21,964 | €50,228 | €96,407 | €38,331 | ▼ 60.2% |
| Profit (loss) for the period to be appropriated9905 | €637 | €19,593 | €3,300 | €21,964 | €50,228 | €96,407 | €38,331 | ▼ 60.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €538,961 | €549,670 | €531,530 | €605,662 | €483,818 | €563,330 | €575,448 | ▲ 2.2% |
| Fixed assets21/28 | €511,018 | €481,469 | €451,920 | €425,456 | €397,065 | €392,774 | €395,673 | ▲ 0.7% |
| Tangible fixed assets22/27 | €511,018 | €481,469 | €451,920 | €424,756 | €396,365 | €392,074 | €394,973 | ▲ 0.7% |
| Land and buildings22 | - | - | €451,733 | €424,754 | €395,125 | €388,430 | €391,877 | ▲ 0.9% |
| Furniture and vehicles24 | - | - | €187 | €2 | - | €2,404 | €1,856 | ▼ 22.8% |
| Other tangible fixed assets26 | - | - | - | - | €1,240 | €1,240 | €1,240 | = |
| Financial fixed assets28 | - | - | - | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €27,943 | €68,201 | €79,610 | €180,206 | €86,754 | €170,556 | €179,775 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €19,300 | €46,225 | €78,040 | €126,843 | €15,128 | €133,775 | €105,721 | ▼ 21.0% |
| Trade receivables40 | - | - | €55,198 | €111,947 | - | €103,971 | €92,776 | ▼ 10.8% |
| Other amounts receivable41 | - | - | €22,842 | €14,897 | €15,128 | €29,804 | €12,945 | ▼ 56.6% |
| Cash at bank and in hand54/58 | €1,529 | €21,335 | €395 | €51,174 | €69,367 | €33,897 | €71,797 | ▲ 112% |
| Deferred charges and accrued income490/1 | - | - | €1,176 | €2,189 | €2,259 | €2,884 | €2,257 | ▼ 21.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €538,961 | €549,670 | €531,530 | €605,662 | €483,818 | €563,330 | €575,448 | ▲ 2.2% |
| Equity10/15 | -€383,050 | -€363,457 | -€360,157 | -€338,193 | -€287,966 | -€191,559 | -€153,228 | ▲ 20.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | - | - | - | - | - |
| Issued capital100 | - | - | €62,000 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Other1109/19 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€445,050 | -€425,457 | -€422,157 | -€400,193 | -€349,966 | -€253,559 | -€215,228 | ▲ 15.1% |
| Amounts payable17/49 | €922,011 | €913,127 | €891,688 | €943,855 | €771,784 | €754,889 | €728,676 | ▼ 3.5% |
| Amounts payable within one year42/48 | €904,413 | €886,991 | €890,756 | €943,138 | €761,925 | €740,749 | €727,162 | ▼ 1.8% |
| Trade debts44 | €6,488 | €1,531 | €24,917 | €98,654 | €8,415 | €5,652 | €49,319 | ▲ 773% |
| Suppliers440/4 | - | - | €24,917 | €98,654 | €8,415 | €5,652 | €49,319 | ▲ 773% |
| Advances received on contracts in progress46 | - | - | €25,600 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €300 | €691 | €14,904 | €38,075 | €16,293 | ▼ 57.2% |
| Taxes450/3 | - | - | €300 | €691 | €14,904 | €38,075 | €16,293 | ▼ 57.2% |
| Other amounts payable47/48 | - | - | €839,938 | €843,793 | €738,606 | €697,022 | €661,551 | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | - | €932 | €717 | €9,859 | €14,140 | €1,514 | ▼ 89.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €637 | €19,593 | €3,300 | €21,964 | €50,228 | €96,407 | €38,331 | ▼ 60.2% |
| + Depreciation and write-downs630 | €29,549 | €29,549 | €29,549 | €29,814 | €29,631 | €32,516 | €36,290 | ▲ 11.6% |
| Operating cash flow (approximation) | €30,185 | €49,142 | €32,849 | €51,778 | €79,858 | €128,923 | €74,621 | ▼ 42.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,350 | -€1,240 | -€28,225 | -€39,189 | ▼ 38.8% |
| Change in cash | - | €19,807 | -€20,941 | €50,779 | €18,194 | -€35,471 | €37,901 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-04-2026 | 2026-00089439 | |
| 30-09-2024 | micro format | 06-05-2025 | 2025-00091713 | |
| 30-09-2023 | micro format | 04-06-2024 | 2024-00111518 | |
| 30-09-2022 | micro format | 09-05-2023 | 2023-00085469 | |
| 30-09-2021 | micro format | 16-05-2022 | 2022-20028347 | |
| 30-09-2020 | micro format | 17-01-2022 | 2022-01000565 | |
| 30-09-2019 | micro format | 06-07-2020 | 2020-26400388 | |
| 30-09-2018 | micro format | 03-06-2019 | 2019-15600480 | |
| 30-09-2017 | micro format | 03-06-2019 | 2019-15600478 | |
| 30-09-2016 | full format | 13-07-2017 | 2017-31200451 |