Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00500209.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 36 filings
Turnover
≈ €460,000
Estimated: probably between €290,000 and €1.1m
Total assets
€4.2m▲ 0.4%
2024 · €4.2m
Net result
-€26,797▲ 26.4%
2024 · -€36,411
Working capital
€34,337▼ 42.8%
2024 · €60,067
In the rankings
#6 company by total assets in Zonhoven, Real estate sector#6 oldest company in Zonhoven, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€30,159
▲ 78.8%
2025
20182025
Net result
-€26,797
▲ 26.4%
2025
lowest quarter of the sector
20182025
Equity
€408,638
▼ 6.2%
2025
middle half of the sector
20182025
Total assets
€4.2m
▲ 0.4%
2025
highest quarter of the sector
20182025
Debt
€3.8m
▲ 1.1%
2025
20182025
Working capital
€34,337
▼ 42.8%
2025
middle half of the sector
20182025
Solvency
9.8%
▼ 0.7pp
2025
middle half of the sector
20182025
Current ratio
1.02
▼ 0.02
2025
middle half of the sector
20182025
Return on assets (ROA)
-0.6%
▲ 0.2pp
2025
middle half of the sector
20182025
Staff (FTE)
2
▼ 28.6%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.2m-€0.1m-€0.1m-€0.3m▼ 99.6%-€0.3m▲ 1.8%-€0.06m▲ 75.2%-€0.1m▼ 126%-€0.03m▲ 78.8%
Net result-€0.2m-€0.04m-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 27.5%-€0.05mbelow the sector's middle half▲ 79.8%-€0.04mbelow the sector's middle half▲ 22.7%-€0.04mbelow the sector's middle half▲ 5.3%-€0.03mbelow the sector's middle half▲ 26.4%
Equity€0.5m-€0.5m▲ 9.8%€0.8mwithin the sector's middle half▲ 61.7%€0.6mwithin the sector's middle half▼ 30.5%€0.5mwithin the sector's middle half▼ 8.9%€0.5mwithin the sector's middle half▼ 7.5%€0.4mwithin the sector's middle half▼ 7.7%€0.4mwithin the sector's middle half▼ 6.2%
Total assets€3.6m-€3.9m▲ 8.2%€4.6mabove the sector's middle half▲ 17.3%€4.5mwithin the sector's middle half▼ 2.5%€4.1mwithin the sector's middle half▼ 8.8%€4.1mwithin the sector's middle half▼ 0.1%€4.2mwithin the sector's middle half▲ 1.8%€4.2mabove the sector's middle half▲ 0.4%
Debt€3.2m-€3.4m▲ 8.0%€3.8m▲ 10.9%€3.9m▲ 3.5%€3.6m▼ 8.8%€3.6m▲ 1.0%€3.7m▲ 3.0%€3.8m▲ 1.1%
Working capital-€1.4m--€1.2m▲ 14.5%-€1.5mbelow the sector's middle half▼ 23.3%-€1.7mbelow the sector's middle half▼ 12.4%-€1.7mbelow the sector's middle half▼ 2.2%€0.08mwithin the sector's middle half€0.06mwithin the sector's middle half▼ 25.3%€0.03mwithin the sector's middle half▼ 42.8%
Solvency12.5%-12.7%▲ 0.2pp17.5%within the sector's middle half▲ 4.8pp12.5%within the sector's middle half▼ 5.0pp12.5%within the sector's middle half=11.6%within the sector's middle half▼ 0.9pp10.5%within the sector's middle half▼ 1.1pp9.8%within the sector's middle half▼ 0.7pp
Current ratio0.54-0.62▲ 0.080.59within the sector's middle half▼ 0.030.55within the sector's middle half▼ 0.030.49below the sector's middle half▼ 0.061.05within the sector's middle half▲ 0.561.04within the sector's middle half▼ 0.021.02within the sector's middle half▼ 0.02
Return on assets (ROA)-4.9%-1.1%▲ 6.1pp-4.2%below the sector's middle half▼ 5.3pp-5.5%below the sector's middle half▼ 1.3pp-1.2%below the sector's middle half▲ 4.3pp-0.9%within the sector's middle half▲ 0.3pp-0.9%within the sector's middle half▲ 0.1pp-0.6%within the sector's middle half▲ 0.2pp
Staff (FTE)2-2=2.6within the sector's middle half▲ 30.0%3within the sector's middle half▲ 15.4%2.7within the sector's middle half▼ 10.0%2.3above the sector's middle half▼ 14.8%2.8above the sector's middle half▲ 21.7%2above the sector's middle half▼ 28.6%
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 a loss of €30,159, smaller than the loss of €142,074 in 2024.
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 €4.2m
Fixed assets
€2.4m =
Current assets
€1.7m ▲ 0.9%
Equity and liabilities €4.2m
Equity
€408,638 ▼ 6.2%
Debt
€3.8m ▲ 1.1%
Debt's share of the balance-sheet total rises from 89.5% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-6.6%▲
2024 · -8.4%
Debt ≤ 1 year
€1.7m▲
2024 · €1.7m
Debt > 1 year
€2.1m=
2024 · €2.1m
Income taxes
€956▲
2024 · €543
Staff costs
€243,288▼
2024 · €297,782
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 3 | 2 | 2 |
| full-time | 3 | 2 | 3 | 2 | 2 |
| in full-time equivalents | 3 | 2 | 3 | 2 | 2 |
| Average over the year, in full-time equivalents | 3 | 2.7 | 2.3 | 2.8 | 2 |
| On a permanent contract | 3 | 2 | 3 | 2 | 2 |
| Joined | - | 0 | 1 | 0 | - |
| Left | - | 1 | 1 | 1 | - |
| Training hours | 6 | 25 | 19 | 20 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €249,987 | €229,261 | €89,896 | €237,529 | €251,802 |
| Mandates to pledge the business | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €13,702 | - | - |
| Depreciation and write-downs of the year | €8,172 | €7,440 | €2,602 | €2,508 | €1,066 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,196 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €257,379 | €270,797 | €253,411 | €297,782 | €243,288 | ▼ 18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,656 | €8,765 | €17,744 | €8,172 | €7,440 | €2,602 | €2,508 | €1,066 | ▼ 57.5% |
| Other operating charges640/8 | - | - | - | €204 | €1,172 | €272 | €3,183 | €1,409 | ▼ 55.7% |
| Non-recurring operating charges66A | - | - | - | €200 | - | - | €11,559 | - | - |
| Gross operating margin9900 | €108,365 | €414,042 | €139,036 | €7,631 | €25,799 | €193,339 | €172,958 | €215,604 | ▲ 24.7% |
| Operating profit (loss)9901 | -€171,448 | €101,203 | -€129,445 | -€258,325 | -€253,609 | -€62,946 | -€142,074 | -€30,159 | ▲ 78.8% |
| Financial income75/76B | - | - | - | €81,674 | €272,010 | €35,660 | €152,804 | €39,521 | ▼ 74.1% |
| Recurring financial income75 | €8,363 | €9,857 | €7,500 | €1,875 | €272,010 | €35,660 | €152,804 | €39,521 | ▼ 74.1% |
| Non-recurring financial income76B | - | - | - | €79,799 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €68,211 | €67,480 | €10,023 | €46,598 | €35,202 | ▼ 24.5% |
| Recurring financial charges65 | €15,401 | €66,127 | €70,081 | €68,211 | €67,480 | €10,023 | €46,598 | €35,202 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | -€178,486 | €44,934 | -€192,026 | -€244,862 | -€49,079 | -€37,309 | -€35,868 | -€25,840 | ▲ 28.0% |
| Income taxes67/77 | - | €528 | €627 | €821 | €654 | €1,129 | €543 | €956 | ▲ 76.0% |
| Profit (loss) for the period9904 | -€178,486 | €44,406 | -€192,654 | -€245,683 | -€49,732 | -€38,438 | -€36,411 | -€26,797 | ▲ 26.4% |
| Profit (loss) for the period to be appropriated9905 | -€178,486 | €44,406 | -€192,654 | -€245,683 | -€49,732 | -€38,438 | -€36,411 | -€26,797 | ▲ 26.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.6m | €3.9m | €4.6m | €4.5m | €4.1m | €4.1m | €4.2m | €4.2m | ▲ 0.4% |
| Fixed assets21/28 | €2.0m | €2.0m | €2.5m | €2.5m | €2.4m | €2.5m | €2.4m | €2.4m | = |
| Intangible fixed assets21 | - | €0.02m | €0.05m | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.02m | €0.01m | €0.006m | €0.02m | €0.001m | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.008m | €0.002m | €0.001m | €459 | - | - |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.004m | €0.02m | €0.001m | - | - |
| Financial fixed assets28 | €1.9m | €1.9m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Current assets29/58 | €1.7m | €1.9m | €2.1m | €2.0m | €1.6m | €1.6m | €1.7m | €1.7m | ▲ 0.9% |
| Stocks and contracts in progress3 | €0.1m | €0.3m | €0.2m | €0.06m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Contracts in progress37 | - | - | - | €0.06m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts receivable within one year40/41 | €1.3m | €1.4m | €1.6m | €2.0m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 1.5% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 6.5% |
| Other amounts receivable41 | - | - | - | €1.5m | €1.3m | €1.2m | €1.3m | €1.2m | ▼ 3.7% |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.004m | €0.001m | €96 | €0.001m | €150 | €10 | ▼ 93.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.009m | €0.04m | €0.09m | €0.1m | ▲ 42.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.6m | €3.9m | €4.6m | €4.5m | €4.1m | €4.1m | €4.2m | €4.2m | ▲ 0.4% |
| Equity10/15 | €0.5m | €0.5m | €0.8m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 6.2% |
| Contributions10/11 | €0.5m | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Revaluation surpluses12 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0.05m | €0.05m | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.02m | -€0.2m | -€0.5m | -€0.5m | -€0.5m | -€0.6m | -€0.6m | ▼ 4.6% |
| Amounts payable17/49 | €3.2m | €3.4m | €3.8m | €3.9m | €3.6m | €3.6m | €3.7m | €3.8m | ▲ 1.1% |
| Amounts payable after more than one year17 | €0.1m | €0.3m | €0.2m | €0.2m | €0.2m | €2.1m | €2.1m | €2.1m | = |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €2.1m | €2.1m | €2.1m | = |
| Amounts payable within one year42/48 | €3.1m | €3.1m | €3.6m | €3.7m | €3.3m | €1.5m | €1.7m | €1.7m | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.009m | €0.003m | - | - | - | - |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €0.09m | €0.2m | €0.3m | ▲ 6.0% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.2m | €0.09m | €0.2m | €0.3m | ▲ 6.0% |
| Trade debts44 | €0.09m | €0.06m | €0.1m | €0.04m | €0.08m | €0.1m | €0.1m | €0.09m | ▼ 19.4% |
| Suppliers440/4 | - | - | - | €0.04m | €0.08m | €0.1m | €0.1m | €0.09m | ▼ 19.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.06m | €0.04m | €0.04m | €0.04m | ▲ 9.5% |
| Taxes450/3 | - | - | - | €0.04m | €0.01m | €0.01m | €0.004m | €0.01m | ▲ 262% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.05m | €0.03m | €0.03m | €0.03m | ▼ 18.8% |
| Other amounts payable47/48 | - | - | - | €3.3m | €3.0m | €1.3m | €1.3m | €1.3m | ▲ 3.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€178,486 | €44,406 | -€192,654 | -€245,683 | -€49,732 | -€38,438 | -€36,411 | -€26,797 | ▲ 26.4% |
| + Depreciation and write-downs630 | €5,656 | €8,765 | €17,744 | €8,172 | €7,440 | €2,602 | €2,508 | €1,066 | ▼ 57.5% |
| Operating cash flow (approximation) | -€172,831 | €53,170 | -€174,910 | -€237,511 | -€42,293 | -€35,836 | -€33,903 | -€25,731 | ▲ 24.1% |
| Investment in fixed assets (approximation) | - | -€30,416 | -€547,026 | €53,666 | €0 | -€13,702 | €13,559 | €0 | ▼ 100% |
| Change in cash | - | €6,341 | -€17,246 | -€3,087 | -€462 | €854 | -€800 | -€141 | ▲ 82.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00500209 | |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00280506 | |
| 31-12-2023 | abbreviated format | 12-07-2024 | 2024-00244934 | |
| 31-12-2022 | abbreviated format | 21-07-2023 | 2023-00264091 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20266959 | |
| 31-12-2020 | abbreviated format | 12-08-2021 | 2021-48300487 | |
| 31-12-2019 | abbreviated format | 28-09-2020 | 2020-58100546 | |
| 31-12-2018 | abbreviated format | 21-10-2019 | 2019-70800279 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56700037 | |
| 31-12-2016 | abbreviated format | 09-10-2017 | 2017-66700572 |