Financials · financial year 2025, micro format
Annual accounts 2025 filed on 04-05-2026 PDF all 3 filings
Equity
€83,818▲ 21.9%
2024 · €68,740
Net result
€15,078▼ 38.5%
2024 · €24,529
Total assets
€180,071▲ 67.7%
2024 · €107,372
Solvency
46.5%▼ 17.5pp
2024 · 64.0%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€19,531
▼ 37.5%
2025
20232025
Net result
€15,078
▼ 38.5%
2025
middle half of the sector
20232025
Equity
€83,818
▲ 21.9%
2025
middle half of the sector
20232025
Total assets
€180,071
▲ 67.7%
2025
middle half of the sector
20232025
Debt
€96,253
▲ 149%
2025
20232025
Working capital
€54,292
2025
middle half of the sector
20232025
Solvency
46.5%
▼ 17.5pp
2025
middle half of the sector
20232025
Current ratio
2.46
▲ 2.09
2025
middle half of the sector
20232025
Return on assets (ROA)
8.4%
▼ 14.5pp
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€54,593-€31,269▼ 42.7%€19,531▼ 37.5%
Net result€39,211within the sector's middle half-€24,529within the sector's middle half▼ 37.4%€15,078within the sector's middle half▼ 38.5%
Equity€44,211within the sector's middle half-€68,740within the sector's middle half▲ 55.5%€83,818within the sector's middle half▲ 21.9%
Total assets€65,757below the sector's middle half-€107,372below the sector's middle half▲ 63.3%€180,071within the sector's middle half▲ 67.7%
Debt€21,545-€38,632▲ 79.3%€96,253▲ 149%
Working capital€44,211within the sector's middle half--€24,491below the sector's middle half€54,292within the sector's middle half
Solvency67.2%within the sector's middle half-64.0%within the sector's middle half▼ 3.2pp46.5%within the sector's middle half▼ 17.5pp
Current ratio3.05within the sector's middle half-0.37below the sector's middle half▼ 2.692.46within the sector's middle half▲ 2.09
Return on assets (ROA)59.6%above the sector's middle half-22.8%within the sector's middle half▼ 36.8pp8.4%within the sector's middle half▼ 14.5pp
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 38% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
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 €180,071
Fixed assets
€88,570 ▼ 5.0%
Current assets
€91,501 ▲ 547%
Equity and liabilities €180,071
Equity
€83,818 ▲ 21.9%
Debt
€96,253 ▲ 149%
Debt's share of the balance-sheet total rises from 36.0% to 53.5%. Equity and debt are higher.
Key figures and ratios
ROE
18.0%▼
2024 · 35.7%
Debt ≤ 1 year
€37,209▼
2024 · €38,632
Debt > 1 year
€59,044
Income taxes
€4,385▼
2024 · €6,608
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 | - | €94,563 | €7,793 |
| Depreciation and write-downs of the year | €1,896 | €1,332 | €12,453 |
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 | €1,896 | €1,332 | €12,453 | ▲ 835% |
| Other operating charges640/8 | €84 | €1,357 | €1,138 | ▼ 16.2% |
| Gross operating margin9900 | €56,574 | €33,958 | €33,122 | ▼ 2.5% |
| Operating profit (loss)9901 | €54,593 | €31,269 | €19,531 | ▼ 37.5% |
| Financial income75/76B | €26 | €157 | €2,808 | ▲ 18× |
| Recurring financial income75 | €26 | €157 | €2,808 | ▲ 18× |
| Financial charges65/66B | €45 | €289 | €2,876 | ▲ 896% |
| Recurring financial charges65 | €45 | €289 | €2,876 | ▲ 896% |
| Profit (loss) for the period before taxes9903 | €54,573 | €31,137 | €19,463 | ▼ 37.5% |
| Income taxes67/77 | €15,362 | €6,608 | €4,385 | ▼ 33.6% |
| Profit (loss) for the period9904 | €39,211 | €24,529 | €15,078 | ▼ 38.5% |
| Profit (loss) for the period to be appropriated9905 | €39,211 | €24,529 | €15,078 | ▼ 38.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €65,757 | €107,372 | €180,071 | ▲ 67.7% |
| Fixed assets21/28 | - | €93,231 | €88,570 | ▼ 5.0% |
| Tangible fixed assets22/27 | - | €93,231 | €88,570 | ▼ 5.0% |
| Furniture and vehicles24 | - | €17,572 | €17,179 | ▼ 2.2% |
| Other tangible fixed assets26 | - | €75,659 | €71,391 | ▼ 5.6% |
| Current assets29/58 | €65,757 | €14,141 | €91,501 | ▲ 547% |
| Amounts receivable within one year40/41 | €13,972 | €10,812 | €90,576 | ▲ 738% |
| Trade receivables40 | €12,100 | €9,075 | €10,890 | ▲ 20.0% |
| Other amounts receivable41 | €1,872 | €1,737 | €79,686 | ▲ 46× |
| Cash at bank and in hand54/58 | €50,782 | €2,334 | €107 | ▼ 95.4% |
| Deferred charges and accrued income490/1 | €1,003 | €996 | €818 | ▼ 17.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €65,757 | €107,372 | €180,071 | ▲ 67.7% |
| Equity10/15 | €44,211 | €68,740 | €83,818 | ▲ 21.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €39,211 | €63,740 | €78,818 | ▲ 23.7% |
| Distributable reserves133 | €39,211 | €63,740 | €78,818 | ▲ 23.7% |
| Amounts payable17/49 | €21,545 | €38,632 | €96,253 | ▲ 149% |
| Amounts payable after more than one year17 | - | - | €59,044 | - |
| Financial debts170/4 | - | - | €59,044 | - |
| Amounts payable within one year42/48 | €21,545 | €38,632 | €37,209 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | - | - | €16,688 | - |
| Trade debts44 | €719 | €376 | €2,989 | ▲ 696% |
| Suppliers440/4 | €719 | €376 | €2,989 | ▲ 696% |
| Taxes, remuneration and social security45 | €20,827 | €16,791 | €17,532 | ▲ 4.4% |
| Taxes450/3 | €20,827 | €10,635 | €14,425 | ▲ 35.6% |
| Remuneration and social security454/9 | - | €6,156 | €3,107 | ▼ 49.5% |
| Other amounts payable47/48 | - | €21,465 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,211 | €24,529 | €15,078 | ▼ 38.5% |
| + Depreciation and write-downs630 | €1,896 | €1,332 | €12,453 | ▲ 835% |
| Operating cash flow (approximation) | €41,108 | €25,861 | €27,531 | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | - | -€7,793 | - |
| Change in cash | - | -€48,448 | -€2,227 | ▲ 95.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.