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Private limited companyfounded 2012active for 14 yearsLonderzeelseweg 62, 1880 Kapelle-op-den-Bos, BelgiumKBO/BCE: BE 0844.869.901

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 24-07-2026 at the NBB all 14 filings

Equity
€979,251▲ 21.8%
2024 · €804,045
Net result
€175,206▲ 23.2%
2024 · €142,211
Total assets
€1.4m▲ 0.6%
2024 · €1.4m
Solvency
67.6%▲ 11.7pp
2024 · 55.8%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 31% lower than in 2024.

Operating result€0.1m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.09m-€0.09m▲ 1.6%€0.1m▲ 36.2%€0.1m▲ 5.0%€0.1m▲ 8.5%€0.2m▲ 23.2%€0.2m▲ 25.5%€0.1m▼ 31.2%
Net result€0.04m-€0.05m▲ 3.5%€0.08mwithin the sector's middle half▲ 61.4%€0.08mwithin the sector's middle half▲ 8.4%€0.09mwithin the sector's middle half▲ 11.2%€0.1mwithin the sector's middle half▲ 20.6%€0.1mwithin the sector's middle half▲ 30.3%€0.2mwithin the sector's middle half▲ 23.2%
Equity€0.3m-€0.3m▲ 17.5%€0.4mwithin the sector's middle half▲ 24.5%€0.5mwithin the sector's middle half▲ 21.4%€0.6mwithin the sector's middle half▲ 19.6%€0.7mwithin the sector's middle half▲ 19.7%€0.8mwithin the sector's middle half▲ 21.5%€1.0mwithin the sector's middle half▲ 21.8%
Total assets€1.4m-€1.4m▲ 0.1%€1.5mwithin the sector's middle half▲ 1.8%€1.5mwithin the sector's middle half▲ 2.3%€1.4mwithin the sector's middle half▼ 3.8%€1.4mwithin the sector's middle half▲ 0.1%€1.4mwithin the sector's middle half▲ 0.7%€1.4mwithin the sector's middle half▲ 0.6%
Debt€1.2m-€1.1m▼ 3.8%€1.1m▼ 4.4%€1.0m▼ 4.5%€0.9m▼ 14.4%€0.8m▼ 12.3%€0.6m▼ 17.2%€0.5m▼ 26.1%
Working capital-€0.5m--€0.5m▼ 1.8%-€0.4mbelow the sector's middle half▲ 4.2%-€0.4mbelow the sector's middle half▲ 5.4%-€0.6mbelow the sector's middle half▼ 49.5%-€0.6mbelow the sector's middle half▲ 8.0%-€0.5mbelow the sector's middle half▲ 12.8%-€0.4mbelow the sector's middle half▲ 22.7%
Solvency18.3%-21.4%▲ 3.2pp26.2%within the sector's middle half▲ 4.8pp31.1%within the sector's middle half▲ 4.9pp38.7%within the sector's middle half▲ 7.6pp46.3%within the sector's middle half▲ 7.6pp55.8%within the sector's middle half▲ 9.6pp67.6%within the sector's middle half▲ 11.7pp
Current ratio0.06-0.06=0.11below the sector's middle half▲ 0.050.17below the sector's middle half▲ 0.060.03below the sector's middle half▼ 0.140.04below the sector's middle half▲ 0.010.04below the sector's middle half=0.09below the sector's middle half▲ 0.05
Return on assets (ROA)3.2%-3.3%▲ 0.1pp5.2%within the sector's middle half▲ 1.9pp5.5%within the sector's middle half▲ 0.3pp6.3%within the sector's middle half▲ 0.9pp7.6%within the sector's middle half▲ 1.3pp9.9%within the sector's middle half▲ 2.2pp12.1%within the sector's middle half▲ 2.2pp
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.
Turnover and EBIT margin are not published. The abbreviated 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 €1.4m
Fixed assets €1.4m ▼ 0.6%
Current assets €39,951 ▲ 79.8%
Equity and liabilities €1.4m
Equity €979,251 ▲ 21.8%
Debt €470,064 ▼ 26.1%
Debt's share of the balance-sheet total falls from 44.2% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
17.9%▲
2024 · 17.7%
Debt ≤ 1 year
€429,228▼
2024 · €525,802
Debt > 1 year
€35,127▼
2024 · €104,680
Income taxes
€46,453▼
2024 · €59,377
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets-€9,018-€18,255-
Depreciation and write-downs of the year€246€674€3,006€3,538€8,663

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.4m▲
Fixed assets21/28€1.4m€1.4m▼
Tangible fixed assets22/27€0.02m€0.01m▼
Furniture and vehicles24€0.02m€0.01m▼
Financial fixed assets28€1.4m€1.4m=
Current assets29/58€0.02m€0.04m▲
Amounts receivable within one year40/41€0.02m€0.03m▲
Trade receivables40€0.01m€0.01m=
Other amounts receivable41€0.003m€0.02m▲
Cash at bank and in hand54/58€0.003m€0.003m▲
Deferred charges and accrued income490/1€0.002m€0.002m▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▲
Equity10/15€0.8m€1.0m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.8m€1.0m▲
Distributable reserves133€0.8m€1.0m▲
Amounts payable17/49€0.6m€0.5m▼
Amounts payable after more than one year17€0.1m€0.04m▼
Financial debts170/4€0.1m€0.04m▼
Amounts payable within one year42/48€0.5m€0.4m▼
Current portion of amounts payable after more than one year42€0.07m€0.07m▲
Financial debts43€0.3m€0.2m▼
Credit institutions430/8€0.3m€0.2m▼
Trade debts44€0.001m€0.002m▲
Suppliers440/4€0.001m€0.002m▲
Taxes, remuneration and social security45€0.006m€0.03m▲
Taxes450/3€0.006m€0.03m▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0.2m€0.09m▼
Accrued charges and deferred income492/3€0.006m€0.006m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.004m€0.009m▲
Other operating charges640/8€0.001m€0.002m▲
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.2m€0.1m▼
Financial income75/76B-€0.09m
Recurring financial income75-€0.09m
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.2m€0.2m▲
Income taxes67/77€0.06m€0.05m▼
Profit (loss) for the period9904€0.1m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.2m▲
Transfer to equity691/2€0.1m€0.2m▲
To the legal reserve6920€0.1m€0▼
To other reserves6921€0€0.2m▲

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€246€246€246€246€674€3,006€3,538€8,663▲ 145%
Other operating charges640/8---€1,660€1,173€1,597€1,381€1,754▲ 27.0%
Gross operating margin9900€90,546€92,032€124,562€130,836€141,762€176,990€221,226€159,255▼ 28.0%
Operating profit (loss)9901€88,821€90,198€122,821€128,929€139,914€172,388€216,307€148,839▼ 31.2%
Financial income75/76B---€1---€90,400-
Recurring financial income75€0€0-€1---€90,400-
Financial charges65/66B---€15,627€13,252€18,349€14,720€17,580▲ 19.4%
Recurring financial charges65€27,454€25,932€17,557€15,627€13,252€18,349€14,720€17,580▲ 19.4%
Profit (loss) for the period before taxes9903€61,367€64,266€105,265€113,303€126,662€154,039€201,588€221,659▲ 10.0%
Income taxes67/77€16,452€17,767€30,203€31,949€36,204€44,939€59,377€46,453▼ 21.8%
Profit (loss) for the period9904€44,915€46,499€75,062€81,354€90,458€109,100€142,211€175,206▲ 23.2%
Profit (loss) for the period to be appropriated9905€44,915€46,499€75,062€81,354€90,458€109,100€142,211€175,206▲ 23.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.4m€1.4m€1.5m€1.5m€1.4m€1.4m€1.4m€1.4m▲ 0.6%
Fixed assets21/28€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m▼ 0.6%
Tangible fixed assets22/27€0.001m€0.001m€492€246€0.009m€0.006m€0.02m€0.01m▼ 42.7%
Furniture and vehicles24---€246€0.009m€0.006m€0.02m€0.01m▼ 42.7%
Financial fixed assets28€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m=
Current assets29/58€0.03m€0.03m€0.05m€0.09m€0.02m€0.03m€0.02m€0.04m▲ 79.8%
Amounts receivable within one year40/41€0.02m€0.02m€0.05m€0.08m€0.01m€0.02m€0.02m€0.03m▲ 102%
Trade receivables40---€0.08m€0.01m€0.01m€0.01m€0.01m=
Other amounts receivable41-----€0.003m€0.003m€0.02m▲ 574%
Cash at bank and in hand54/58€0.009m€0.008m€0.004m€0.002m€0.008m€0.01m€0.003m€0.003m▲ 22.8%
Deferred charges and accrued income490/1----€152€175€0.002m€0.002m▼ 23.2%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m€1.5m€1.5m€1.4m€1.4m€1.4m€1.4m▲ 0.6%
Equity10/15€0.3m€0.3m€0.4m€0.5m€0.6m€0.7m€0.8m€1.0m▲ 21.8%
Contributions10/11€0.006m€0.006m€0€0.006m€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.3m€0.3m€0.4m€0.5m€0.5m€0.7m€0.8m€1.0m▲ 22.0%
Non-distributable reserves130/1---€0.002m€0.002m€0---
Reserves not available under the articles1311----€0.002m€0---
Other1319---€0.002m-----
Distributable reserves133---€0.5m€0.5m€0.7m€0.8m€1.0m▲ 22.0%
Amounts payable17/49€1.2m€1.1m€1.1m€1.0m€0.9m€0.8m€0.6m€0.5m▼ 26.1%
Amounts payable after more than one year17€0.7m€0.6m€0.6m€0.5m€0.2m€0.2m€0.1m€0.04m▼ 66.4%
Financial debts170/4---€0.5m€0.2m€0.2m€0.1m€0.04m▼ 66.4%
Amounts payable within one year42/48€0.5m€0.5m€0.5m€0.5m€0.7m€0.6m€0.5m€0.4m▼ 18.4%
Current portion of amounts payable after more than one year42---€0.06m€0.06m€0.06m€0.07m€0.07m▲ 3.5%
Financial debts43----€0.2m€0.3m€0.3m€0.2m▼ 8.3%
Credit institutions430/8----€0.2m€0.3m€0.3m€0.2m▼ 8.3%
Trade debts44€0.005m€0.002m€0.001m€0.001m€0.002m€0.002m€0.001m€0.002m▲ 54.7%
Suppliers440/4---€0.001m€0.002m€0.002m€0.001m€0.002m▲ 54.7%
Taxes, remuneration and social security45---€0.02m€0.02m€0.02m€0.006m€0.03m▲ 358%
Taxes450/3---€0.02m€0.02m€0.01m€0.006m€0.03m▲ 358%
Remuneration and social security454/9-----€0.002m€0--
Other amounts payable47/48---€0.4m€0.3m€0.3m€0.2m€0.09m▼ 52.3%
Accrued charges and deferred income492/3---€0.006m€0.006m€0.006m€0.006m€0.006m▼ 0.1%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€44,915€46,499€75,062€81,354€90,458€109,100€142,211€175,206▲ 23.2%
+ Depreciation and write-downs630€246€246€246€246€674€3,006€3,538€8,663▲ 145%
Operating cash flow (approximation)€45,161€46,745€75,308€81,601€91,132€112,105€145,749€183,868▲ 26.2%
Investment in fixed assets (approximation)-€0€0€0-€9,018€0-€18,255€0-
Change in cash--€905-€4,114-€1,636€5,834€1,565-€6,755€649-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-07-2026 2026-00329650 PDF
31-12-2024 abbreviated format 07-07-2025 2025-00246010 PDF
31-12-2023 abbreviated format 28-08-2024 2024-00419055 PDF
31-12-2022 abbreviated format 31-08-2023 2023-00414747 PDF
31-12-2021 abbreviated format 30-08-2022 2022-20377581 PDF
31-12-2020 abbreviated format 24-08-2021 2021-52500105 PDF
31-12-2019 abbreviated format 02-09-2020 2020-50800499 PDF
31-12-2018 abbreviated format 29-08-2019 2019-57000329 PDF
31-12-2017 abbreviated format 19-07-2018 2018-35800446 PDF
31-12-2016 abbreviated format 13-07-2017 2017-31500594 PDF

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