Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-07-2026 at the NBB all 2 filings
Equity
€255,457▲ 101%
2024 · €127,150
Net result
€128,307▲ 1.7%
2024 · €126,150
Total assets
€421,059▲ 70.1%
2024 · €247,489
Solvency
60.7%▲ 9.3pp
2024 · 51.4%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€181,818
▲ 0.6%
2025
20242025
Net result
€128,307
▲ 1.7%
2025
highest quarter of the sector
20242025
Equity
€255,457
▲ 101%
2025
middle half of the sector
20242025
Total assets
€421,059
▲ 70.1%
2025
middle half of the sector
20242025
Debt
€165,603
▲ 37.6%
2025
20242025
Working capital
€190,912
▲ 316%
2025
highest quarter of the sector
20242025
Solvency
60.7%
▲ 9.3pp
2025
middle half of the sector
20242025
Current ratio
2.15
▲ 0.77
2025
middle half of the sector
20242025
Return on assets (ROA)
30.5%
▼ 20.5pp
2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€180,768-€181,818▲ 0.6%
Net result€126,150above the sector's middle half-€128,307above the sector's middle half▲ 1.7%
Equity€127,150within the sector's middle half-€255,457within the sector's middle half▲ 101%
Total assets€247,489within the sector's middle half-€421,059within the sector's middle half▲ 70.1%
Debt€120,339-€165,603▲ 37.6%
Working capital€45,922within the sector's middle half-€190,912above the sector's middle half▲ 316%
Solvency51.4%within the sector's middle half-60.7%within the sector's middle half▲ 9.3pp
Current ratio1.38within the sector's middle half-2.15within the sector's middle half▲ 0.77
Return on assets (ROA)51.0%above the sector's middle half-30.5%above the sector's middle half▼ 20.5pp
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 1% higher than 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 €421,059
Fixed assets
€64,629 ▼ 21.1%
Current assets
€356,430 ▲ 115%
Equity and liabilities €421,059
Equity
€255,457 ▲ 101%
Debt
€165,603 ▲ 37.6%
Debt's share of the balance-sheet total falls from 48.6% to 39.3%. Equity and debt are higher.
Key figures and ratios
ROE
50.2%▼
2024 · 99.2%
Debt ≤ 1 year
€165,518▲
2024 · €119,642
Income taxes
€53,489▼
2024 · €54,531
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 | €97,896 | - |
| Depreciation and write-downs of the year | €15,971 | €17,295 |
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 | €15,971 | €17,295 | ▲ 8.3% |
| Other operating charges640/8 | €1,526 | €627 | ▼ 58.9% |
| Gross operating margin9900 | €198,266 | €199,741 | ▲ 0.7% |
| Operating profit (loss)9901 | €180,768 | €181,818 | ▲ 0.6% |
| Financial income75/76B | - | €48 | - |
| Recurring financial income75 | - | €48 | - |
| Financial charges65/66B | €86 | €70 | ▼ 18.6% |
| Recurring financial charges65 | €86 | €70 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €180,681 | €181,795 | ▲ 0.6% |
| Income taxes67/77 | €54,531 | €53,489 | ▼ 1.9% |
| Profit (loss) for the period9904 | €126,150 | €128,307 | ▲ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €126,150 | €128,307 | ▲ 1.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €247,489 | €421,059 | ▲ 70.1% |
| Fixed assets21/28 | €81,924 | €64,629 | ▼ 21.1% |
| Tangible fixed assets22/27 | €81,924 | €64,629 | ▼ 21.1% |
| Land and buildings22 | €19,867 | €17,513 | ▼ 11.9% |
| Plant, machinery and equipment23 | €2,936 | €2,610 | ▼ 11.1% |
| Furniture and vehicles24 | €59,121 | €44,507 | ▼ 24.7% |
| Current assets29/58 | €165,564 | €356,430 | ▲ 115% |
| Amounts receivable within one year40/41 | €18,150 | €44,328 | ▲ 144% |
| Trade receivables40 | €18,150 | €44,328 | ▲ 144% |
| Current investments50/53 | - | €40,000 | - |
| Cash at bank and in hand54/58 | €147,414 | €272,054 | ▲ 84.6% |
| Deferred charges and accrued income490/1 | - | €48 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €247,489 | €421,059 | ▲ 70.1% |
| Equity10/15 | €127,150 | €255,457 | ▲ 101% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €126,150 | €254,457 | ▲ 102% |
| Distributable reserves133 | €126,150 | €254,457 | ▲ 102% |
| Amounts payable17/49 | €120,339 | €165,603 | ▲ 37.6% |
| Amounts payable within one year42/48 | €119,642 | €165,518 | ▲ 38.3% |
| Trade debts44 | €7,902 | €23,001 | ▲ 191% |
| Suppliers440/4 | €7,902 | €23,001 | ▲ 191% |
| Taxes, remuneration and social security45 | €62,223 | €118,573 | ▲ 90.6% |
| Taxes450/3 | €62,223 | €118,573 | ▲ 90.6% |
| Other amounts payable47/48 | €49,517 | €23,944 | ▼ 51.6% |
| Accrued charges and deferred income492/3 | €697 | €85 | ▼ 87.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €126,150 | €128,307 | ▲ 1.7% |
| + Depreciation and write-downs630 | €15,971 | €17,295 | ▲ 8.3% |
| Operating cash flow (approximation) | €142,121 | €145,602 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €124,640 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.