Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 3 filings
Equity
€37,951▲ 37.8%
2024 · €27,544
Net result
€10,407▲ 17.8%
2024 · €8,836
Total assets
€43,987▲ 21.5%
2024 · €36,202
Solvency
86.3%▲ 10.2pp
2024 · 76.1%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€15,011
▲ 7.3%
2025
20232025
Net result
€10,407
▲ 17.8%
2025
middle half of the sector
20232025
Equity
€37,951
▲ 37.8%
2025
middle half of the sector
20232025
Total assets
€43,987
▲ 21.5%
2025
lowest quarter of the sector
20232025
Debt
€6,036
▼ 30.3%
2025
20232025
Working capital
€22,573
▲ 240%
2025
middle half of the sector
20232025
Solvency
86.3%
▲ 10.2pp
2025
highest quarter of the sector
20232025
Current ratio
4.74
▲ 2.97
2025
highest quarter of the sector
20232025
Return on assets (ROA)
23.7%
▼ 0.7pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€22,034-€13,993▼ 36.5%€15,011▲ 7.3%
Net result€15,708within the sector's middle half-€8,836within the sector's middle half▼ 43.7%€10,407within the sector's middle half▲ 17.8%
Equity€18,708below the sector's middle half-€27,544below the sector's middle half▲ 47.2%€37,951within the sector's middle half▲ 37.8%
Total assets€43,871below the sector's middle half-€36,202below the sector's middle half▼ 17.5%€43,987below the sector's middle half▲ 21.5%
Debt€25,163-€8,658▼ 65.6%€6,036▼ 30.3%
Working capital-€5,917within the sector's middle half-€6,643within the sector's middle half€22,573within the sector's middle half▲ 240%
Solvency42.6%within the sector's middle half-76.1%within the sector's middle half▲ 33.4pp86.3%above the sector's middle half▲ 10.2pp
Current ratio0.76within the sector's middle half-1.77within the sector's middle half▲ 1.004.74above the sector's middle half▲ 2.97
Return on assets (ROA)35.8%above the sector's middle half-24.4%within the sector's middle half▼ 11.4pp23.7%within the sector's middle half▼ 0.7pp
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 7% higher than in 2024. It is a recovery after the fall 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 €43,987
Fixed assets
€15,378 ▼ 26.4%
Current assets
€28,610 ▲ 87.0%
Equity and liabilities €43,987
Equity
€37,951 ▲ 37.8%
Debt
€6,036 ▼ 30.3%
Debt's share of the balance-sheet total falls from 23.9% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
27.4%▼
2024 · 32.1%
Debt ≤ 1 year
€6,036▼
2024 · €8,658
Income taxes
€4,365▼
2024 · €5,145
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €19,658 | €1,539 | - |
| Financial fixed assets | €5,510 | - | - |
| Depreciation and write-downs of the year | €543 | €5,263 | €5,524 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €543 | €5,263 | €5,524 | ▲ 5.0% |
| Gross operating margin9900 | €22,577 | €19,256 | €20,535 | ▲ 6.6% |
| Operating profit (loss)9901 | €22,034 | €13,993 | €15,011 | ▲ 7.3% |
| Financial income75/76B | - | - | €47 | - |
| Recurring financial income75 | - | - | €47 | - |
| Financial charges65/66B | - | €12 | €285 | ▲ 24× |
| Recurring financial charges65 | - | €12 | €285 | ▲ 24× |
| Profit (loss) for the period before taxes9903 | €22,034 | €13,981 | €14,772 | ▲ 5.7% |
| Income taxes67/77 | €6,327 | €5,145 | €4,365 | ▼ 15.2% |
| Profit (loss) for the period9904 | €15,708 | €8,836 | €10,407 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €15,708 | €8,836 | €10,407 | ▲ 17.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43,871 | €36,202 | €43,987 | ▲ 21.5% |
| Fixed assets21/28 | €24,625 | €20,902 | €15,378 | ▼ 26.4% |
| Tangible fixed assets22/27 | €19,115 | €15,392 | €9,868 | ▼ 35.9% |
| Furniture and vehicles24 | €19,115 | €15,392 | €9,868 | ▼ 35.9% |
| Financial fixed assets28 | €5,510 | €5,510 | €5,510 | = |
| Current assets29/58 | €19,246 | €15,301 | €28,610 | ▲ 87.0% |
| Amounts receivable within one year40/41 | €10,221 | €9,120 | €8,749 | ▼ 4.1% |
| Trade receivables40 | €10,000 | €7,100 | €7,100 | = |
| Other amounts receivable41 | €221 | €2,020 | €1,649 | ▼ 18.4% |
| Current investments50/53 | - | - | €11,712 | - |
| Cash at bank and in hand54/58 | €9,025 | €6,180 | €6,697 | ▲ 8.4% |
| Deferred charges and accrued income490/1 | - | - | €1,452 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43,871 | €36,202 | €43,987 | ▲ 21.5% |
| Equity10/15 | €18,708 | €27,544 | €37,951 | ▲ 37.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €15,708 | €24,544 | €24,544 | = |
| Distributable reserves133 | €15,708 | €24,544 | €24,544 | = |
| Profit (loss) carried forward14 | - | - | €10,407 | - |
| Amounts payable17/49 | €25,163 | €8,658 | €6,036 | ▼ 30.3% |
| Amounts payable within one year42/48 | €25,163 | €8,658 | €6,036 | ▼ 30.3% |
| Trade debts44 | €18,836 | €3,114 | €1,966 | ▼ 36.9% |
| Suppliers440/4 | €18,836 | €3,114 | €1,966 | ▼ 36.9% |
| Taxes, remuneration and social security45 | €6,327 | €3,346 | €2,414 | ▼ 27.9% |
| Taxes450/3 | €6,327 | €3,346 | €2,414 | ▼ 27.9% |
| Other amounts payable47/48 | - | €2,198 | €1,657 | ▼ 24.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,708 | €8,836 | €10,407 | ▲ 17.8% |
| + Depreciation and write-downs630 | €543 | €5,263 | €5,524 | ▲ 5.0% |
| Operating cash flow (approximation) | €16,251 | €14,099 | €15,931 | ▲ 13.0% |
| Investment in fixed assets (approximation) | - | -€1,539 | €0 | - |
| Change in cash | - | -€2,844 | €517 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.