Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 2 filings
Equity
€93,024▲ 36.2%
2024 · €68,317
Net result
€24,707
2024 · -€31,683
Total assets
€515,356▼ 0.4%
2024 · €517,623
Solvency
18.1%▲ 4.9pp
2024 · 13.2%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€38,622
2025
20242025
Net result
€24,707
2025
middle half of the sector
20242025
Equity
€93,024
▲ 36.2%
2025
middle half of the sector
20242025
Total assets
€515,356
▼ 0.4%
2025
middle half of the sector
20242025
Debt
€422,332
▼ 6.0%
2025
20242025
Working capital
-€73,752
▲ 29.3%
2025
lowest quarter of the sector
20242025
Solvency
18.1%
▲ 4.9pp
2025
lowest quarter of the sector
20242025
Current ratio
0.38
▲ 0.21
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
4.8%
▲ 10.9pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€11,296-€38,622
Net result-€31,683below the sector's middle half-€24,707within the sector's middle half
Equity€68,317within the sector's middle half-€93,024within the sector's middle half▲ 36.2%
Total assets€517,623within the sector's middle half-€515,356within the sector's middle half▼ 0.4%
Debt€449,306-€422,332▼ 6.0%
Working capital-€104,325below the sector's middle half--€73,752below the sector's middle half▲ 29.3%
Solvency13.2%below the sector's middle half-18.1%below the sector's middle half▲ 4.9pp
Current ratio0.17below the sector's middle half-0.38below the sector's middle half▲ 0.21
Return on assets (ROA)-6.1%below the sector's middle half-4.8%within the sector's middle half▲ 10.9pp
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 a profit of €38,622, after a loss of €11,296 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 €515,356
Fixed assets
€469,786 ▼ 5.1%
Current assets
€45,570 ▲ 108%
Equity and liabilities €515,356
Equity
€93,024 ▲ 36.2%
Debt
€422,332 ▼ 6.0%
Debt's share of the balance-sheet total falls from 86.8% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.6%▲
2024 · -46.4%
Debt ≤ 1 year
€119,321▼
2024 · €126,284
Debt > 1 year
€303,011▼
2024 · €323,022
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €537,219 | - |
| Financial fixed assets | €55 | - |
| Depreciation and write-downs of the year | €43,605 | €25,878 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,605 | €25,878 | ▼ 40.7% |
| Other operating charges640/8 | €13,337 | €9,356 | ▼ 29.8% |
| Gross operating margin9900 | €45,645 | €73,856 | ▲ 61.8% |
| Operating profit (loss)9901 | -€11,296 | €38,622 | - |
| Financial charges65/66B | €20,387 | €13,916 | ▼ 31.7% |
| Recurring financial charges65 | €20,387 | €13,916 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | -€31,683 | €24,707 | - |
| Profit (loss) for the period9904 | -€31,683 | €24,707 | - |
| Profit (loss) for the period to be appropriated9905 | -€31,683 | €24,707 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €517,623 | €515,356 | ▼ 0.4% |
| Formation expenses20 | €545 | - | - |
| Fixed assets21/28 | €495,119 | €469,786 | ▼ 5.1% |
| Tangible fixed assets22/27 | €495,064 | €469,731 | ▼ 5.1% |
| Land and buildings22 | €476,107 | €452,879 | ▼ 4.9% |
| Plant, machinery and equipment23 | €18,957 | €16,852 | ▼ 11.1% |
| Financial fixed assets28 | €55 | €55 | = |
| Current assets29/58 | €21,959 | €45,570 | ▲ 108% |
| Cash at bank and in hand54/58 | €21,959 | €45,570 | ▲ 108% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €517,623 | €515,356 | ▼ 0.4% |
| Equity10/15 | €68,317 | €93,024 | ▲ 36.2% |
| Contributions10/11 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€31,683 | -€6,976 | ▲ 78.0% |
| Amounts payable17/49 | €449,306 | €422,332 | ▼ 6.0% |
| Amounts payable after more than one year17 | €323,022 | €303,011 | ▼ 6.2% |
| Financial debts170/4 | €323,022 | €303,011 | ▼ 6.2% |
| Amounts payable within one year42/48 | €126,284 | €119,321 | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | €19,206 | €20,011 | ▲ 4.2% |
| Trade debts44 | €7,858 | €90 | ▼ 98.9% |
| Suppliers440/4 | €7,858 | €90 | ▼ 98.9% |
| Taxes, remuneration and social security45 | €1,720 | €1,720 | = |
| Remuneration and social security454/9 | €1,720 | €1,720 | = |
| Other amounts payable47/48 | €97,500 | €97,500 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€31,683 | €24,707 | - |
| + Depreciation and write-downs630 | €43,605 | €25,878 | ▼ 40.7% |
| Operating cash flow (approximation) | €11,922 | €50,584 | ▲ 324% |
| Investment in fixed assets (approximation) | - | -€545 | - |
| Change in cash | - | €23,611 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.