Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-02-2026 PDF all 4 filings
Amounts without an identifiable currency are taken as euros.
Equity
€267,970▲ 17.0%
2024 · €229,060
Net result
€38,910▲ 16.8%
2024 · €33,315
Total assets
€282,042▲ 18.3%
2024 · €238,399
Solvency
95.0%▼ 1.1pp
2024 · 96.1%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€47,205
▲ 19.9%
2025
20222025
Net result
€38,910
▲ 16.8%
2025
middle half of the sector
20222025
Equity
€267,970
▲ 17.0%
2025
middle half of the sector
20222025
Total assets
€282,042
▲ 18.3%
2025
lowest quarter of the sector
20222025
Debt
€14,072
▲ 50.7%
2025
20222025
Working capital
€267,888
▲ 17.2%
2025
highest quarter of the sector
20222025
Solvency
95.0%
▼ 1.1pp
2025
highest quarter of the sector
20222025
Current ratio
20.04
▼ 5.45
2025
highest quarter of the sector
20222025
Return on assets (ROA)
13.8%
▼ 0.2pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€209,655-€38,892▼ 81.4%€39,361▲ 1.2%€47,205▲ 19.9%
Net result€160,347within the sector's middle half-€29,398within the sector's middle half▼ 81.7%€33,315within the sector's middle half▲ 13.3%€38,910within the sector's middle half▲ 16.8%
Equity€166,347within the sector's middle half-€195,745within the sector's middle half▲ 17.7%€229,060within the sector's middle half▲ 17.0%€267,970within the sector's middle half▲ 17.0%
Total assets€217,707below the sector's middle half-€210,554below the sector's middle half▼ 3.3%€238,399below the sector's middle half▲ 13.2%€282,042below the sector's middle half▲ 18.3%
Debt€51,360-€14,809▼ 71.2%€9,339▼ 36.9%€14,072▲ 50.7%
Working capital€166,347within the sector's middle half-€185,113within the sector's middle half▲ 11.3%€228,660within the sector's middle half▲ 23.5%€267,888above the sector's middle half▲ 17.2%
Solvency76.4%within the sector's middle half-93.0%above the sector's middle half▲ 16.6pp96.1%above the sector's middle half▲ 3.1pp95.0%above the sector's middle half▼ 1.1pp
Current ratio4.24above the sector's middle half-13.50above the sector's middle half▲ 9.2625.48above the sector's middle half▲ 11.9820.04above the sector's middle half▼ 5.45
Return on assets (ROA)73.7%above the sector's middle half-14.0%above the sector's middle half▼ 59.7pp14.0%above the sector's middle half=13.8%above the sector's middle half▼ 0.2pp
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.
The operating result for 2025 is 20% higher than in 2024. It is the second rise in a row, after the fall in 2023.
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 €282,042
Fixed assets
€83 ▼ 79.3%
Current assets
€281,960 ▲ 18.5%
Equity and liabilities €282,042
Equity
€267,970 ▲ 17.0%
Debt
€14,072 ▲ 50.7%
Debt's share of the balance-sheet total rises from 3.9% to 5.0%. Equity and debt are higher.
Key figures and ratios
ROE
14.5%▼
2024 · 14.5%
Debt ≤ 1 year
€14,072▲
2024 · €9,339
Income taxes
€10,206▼
2024 · €10,295
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €13,121 | - | - |
| Depreciation and write-downs of the year | - | €2,488 | €317 | €317 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,488 | €317 | €317 | = |
| Other operating charges640/8 | €408 | €1,986 | €499 | €513 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | €7,915 | - | - |
| Gross operating margin9900 | €210,063 | €43,367 | €48,093 | €48,035 | ▼ 0.1% |
| Operating profit (loss)9901 | €209,655 | €38,892 | €39,361 | €47,205 | ▲ 19.9% |
| Financial income75/76B | - | - | €4,379 | €2,200 | ▼ 49.8% |
| Recurring financial income75 | - | - | €4,379 | €2,200 | ▼ 49.8% |
| Financial charges65/66B | €1,989 | €130 | €129 | €288 | ▲ 123% |
| Recurring financial charges65 | €1,989 | €130 | €129 | €288 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €207,667 | €38,763 | €43,610 | €49,117 | ▲ 12.6% |
| Income taxes67/77 | €47,320 | €9,364 | €10,295 | €10,206 | ▼ 0.9% |
| Profit (loss) for the period9904 | €160,347 | €29,398 | €33,315 | €38,910 | ▲ 16.8% |
| Profit (loss) for the period to be appropriated9905 | €160,347 | €29,398 | €33,315 | €38,910 | ▲ 16.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €217,707 | €210,554 | €238,399 | €282,042 | ▲ 18.3% |
| Fixed assets21/28 | - | €10,632 | €400 | €83 | ▼ 79.3% |
| Tangible fixed assets22/27 | - | €10,632 | €400 | €83 | ▼ 79.3% |
| Furniture and vehicles24 | - | €10,632 | €400 | €83 | ▼ 79.3% |
| Current assets29/58 | €217,707 | €199,921 | €238,000 | €281,960 | ▲ 18.5% |
| Amounts receivable within one year40/41 | €10,091 | €36,535 | €23,908 | €144,299 | ▲ 504% |
| Trade receivables40 | €10,091 | €36,300 | €12,100 | €24,200 | ▲ 100% |
| Other amounts receivable41 | - | €235 | €11,808 | €120,099 | ▲ 917% |
| Current investments50/53 | - | - | €175,000 | - | - |
| Cash at bank and in hand54/58 | €207,615 | €163,354 | €39,091 | €137,661 | ▲ 252% |
| Deferred charges and accrued income490/1 | - | €33 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €217,707 | €210,554 | €238,399 | €282,042 | ▲ 18.3% |
| Equity10/15 | €166,347 | €195,745 | €229,060 | €267,970 | ▲ 17.0% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €160,347 | €189,745 | €223,060 | €261,970 | ▲ 17.4% |
| Distributable reserves133 | €160,347 | €189,745 | €223,060 | €261,970 | ▲ 17.4% |
| Amounts payable17/49 | €51,360 | €14,809 | €9,339 | €14,072 | ▲ 50.7% |
| Amounts payable within one year42/48 | €51,360 | €14,809 | €9,339 | €14,072 | ▲ 50.7% |
| Trade debts44 | €547 | €3,643 | €3,324 | €280 | ▼ 91.6% |
| Suppliers440/4 | €547 | €3,643 | €3,324 | €280 | ▼ 91.6% |
| Taxes, remuneration and social security45 | €50,666 | €10,855 | €6,015 | €6,129 | ▲ 1.9% |
| Taxes450/3 | €50,666 | €10,855 | €6,015 | €6,129 | ▲ 1.9% |
| Other amounts payable47/48 | €147 | €310 | - | €7,663 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €160,347 | €29,398 | €33,315 | €38,910 | ▲ 16.8% |
| + Depreciation and write-downs630 | - | €2,488 | €317 | €317 | = |
| Operating cash flow (approximation) | €160,347 | €31,887 | €33,632 | €39,228 | ▲ 16.6% |
| Investment in fixed assets (approximation) | - | - | €9,915 | €0 | ▼ 100% |
| Change in cash | - | -€44,262 | -€124,263 | €98,570 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.