Financials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 7 filings
Equity
€21,848=
2025 · €21,848
Net result
€305,533▲ 99.6%
2025 · €153,092
Total assets
€350,037▲ 36.9%
2025 · €255,638
Solvency
6.2%▼ 2.3pp
2025 · 8.5%
Multi-year overview
2020 to 2026, 7 financial yearsOperating result
€401,381
▲ 102%
2026
20202026
Net result
€305,533
▲ 99.6%
2026
20202026
Equity
€21,848
=
2026
20202026
Total assets
€350,037
▲ 36.9%
2026
20202026
Debt
€328,189
▲ 40.4%
2026
20202026
Working capital
-€6,959
▲ 63.8%
2026
20202026
Solvency
6.2%
▼ 2.3pp
2026
20202026
Current ratio
0.98
▲ 0.06
2026
20202026
Return on assets (ROA)
87.3%
▲ 27.4pp
2026
20202026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023202420252026
Operating result€107,601-€139,571▲ 29.7%€104,699▼ 25.0%€101,661▼ 2.9%€241,508▲ 138%€198,254▼ 17.9%€401,381▲ 102%
Net result€76,933-€108,871above the sector's middle half▲ 41.5%€82,445above the sector's middle half▼ 24.3%€80,272within the sector's middle half▼ 2.6%€184,992above the sector's middle half▲ 130%€153,092above the sector's middle half▼ 17.2%€305,533▲ 99.6%
Equity€93,909-€201,180within the sector's middle half▲ 114%€282,025within the sector's middle half▲ 40.2%€95,297within the sector's middle half▼ 66.2%€95,297within the sector's middle half=€21,848below the sector's middle half▼ 77.1%€21,848=
Total assets€137,753-€257,765within the sector's middle half▲ 87.1%€331,493within the sector's middle half▲ 28.6%€375,775within the sector's middle half▲ 13.4%€303,999within the sector's middle half▼ 19.1%€255,638within the sector's middle half▼ 15.9%€350,037▲ 36.9%
Debt€43,844-€56,585▲ 29.1%€49,468▼ 12.6%€280,479▲ 467%€208,702▼ 25.6%€233,790▲ 12.0%€328,189▲ 40.4%
Working capital€82,584-€189,170above the sector's middle half▲ 129%€271,652above the sector's middle half▲ 43.6%€22,858within the sector's middle half▼ 91.6%€38,684within the sector's middle half▲ 69.2%-€19,240within the sector's middle half-€6,959▲ 63.8%
Solvency68.2%-78.0%above the sector's middle half▲ 9.9pp85.1%above the sector's middle half▲ 7.0pp25.4%within the sector's middle half▼ 59.7pp31.3%within the sector's middle half▲ 6.0pp8.5%below the sector's middle half▼ 22.8pp6.2%▼ 2.3pp
Current ratio2.88-4.34above the sector's middle half▲ 1.466.49above the sector's middle half▲ 2.151.08within the sector's middle half▼ 5.411.19within the sector's middle half▲ 0.100.92within the sector's middle half▼ 0.270.98▲ 0.06
Return on assets (ROA)55.8%-42.2%above the sector's middle half▼ 13.6pp24.9%above the sector's middle half▼ 17.4pp21.4%within the sector's middle half▼ 3.5pp60.9%above the sector's middle half▲ 39.5pp59.9%above the sector's middle half▼ 1.0pp87.3%▲ 27.4pp
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 2026 is 102% higher than in 2025 and the highest since 2022. It is a recovery after the fall in 2025.
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
2026 in colour, 2025 as the grey bar beneath
Assets €350,037
Fixed assets
€28,807 ▼ 29.9%
Current assets
€321,230 ▲ 49.7%
Equity and liabilities €350,037
Equity
€21,848 =
Debt
€328,189 ▲ 40.4%
Debt's share of the balance-sheet total rises from 91.5% to 93.8%. Debt is higher.
Key figures and ratios
Debt ≤ 1 year
€328,189▲
2025 · €233,790
Income taxes
€96,532▲
2025 · €45,441
A ratio outside any meaningful range has been withheld (balance sheet total €350,037, equity €21,848).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €74,861 | - | - | €3,882 |
| Depreciation and write-downs of the year | €1,638 | €12,794 | €15,826 | €15,525 | €16,163 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €601 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €964 | €1,337 | €1,638 | €12,794 | €15,826 | €15,525 | €16,163 | ▲ 4.1% |
| Other operating charges640/8 | - | - | €1,050 | €1,681 | €1,372 | €5,903 | €1,114 | ▼ 81.1% |
| Gross operating margin9900 | €111,747 | €141,402 | €107,387 | €116,136 | €258,706 | €219,682 | €418,658 | ▲ 90.6% |
| Operating profit (loss)9901 | €107,601 | €139,571 | €104,699 | €101,661 | €241,508 | €198,254 | €401,381 | ▲ 102% |
| Financial income75/76B | - | - | - | - | - | €353 | €757 | ▲ 115% |
| Recurring financial income75 | €213 | - | - | - | - | €353 | €757 | ▲ 115% |
| Financial charges65/66B | - | - | €603 | €180 | €72 | €74 | €74 | ▲ 1.1% |
| Recurring financial charges65 | €460 | €706 | €603 | €180 | €72 | €74 | €74 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €107,355 | €138,865 | €104,096 | €101,481 | €241,436 | €198,533 | €402,064 | ▲ 103% |
| Income taxes67/77 | €30,421 | €29,993 | €21,651 | €21,209 | €56,444 | €45,441 | €96,532 | ▲ 112% |
| Profit (loss) for the period9904 | €76,933 | €108,871 | €82,445 | €80,272 | €184,992 | €153,092 | €305,533 | ▲ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €76,933 | €108,871 | €82,445 | €80,272 | €184,992 | €153,092 | €305,533 | ▲ 99.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €137,753 | €257,765 | €331,493 | €375,775 | €303,999 | €255,638 | €350,037 | ▲ 36.9% |
| Fixed assets21/28 | €11,325 | €12,011 | €10,373 | €72,439 | €56,613 | €41,088 | €28,807 | ▼ 29.9% |
| Tangible fixed assets22/27 | €11,325 | €12,011 | €10,373 | €72,439 | €56,613 | €41,088 | €28,807 | ▼ 29.9% |
| Plant, machinery and equipment23 | - | - | €10,373 | €9,146 | €8,292 | €7,739 | €7,186 | ▼ 7.1% |
| Furniture and vehicles24 | - | - | - | €63,293 | €48,321 | €33,349 | €21,620 | ▼ 35.2% |
| Current assets29/58 | €126,427 | €245,754 | €321,120 | €303,336 | €247,386 | €214,550 | €321,230 | ▲ 49.7% |
| Amounts receivable within one year40/41 | €0 | €49,300 | €22,264 | €27,136 | €116,755 | €92,481 | €82,920 | ▼ 10.3% |
| Trade receivables40 | - | - | €22,264 | €22,975 | €114,750 | €67,584 | €82,122 | ▲ 21.5% |
| Other amounts receivable41 | - | - | - | €4,161 | €2,005 | €24,897 | €799 | ▼ 96.8% |
| Cash at bank and in hand54/58 | €113,051 | €183,145 | €284,553 | €261,621 | €129,059 | €121,041 | €236,517 | ▲ 95.4% |
| Deferred charges and accrued income490/1 | - | - | €14,303 | €14,580 | €1,573 | €1,027 | €1,793 | ▲ 74.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €137,753 | €257,765 | €331,493 | €375,775 | €303,999 | €255,638 | €350,037 | ▲ 36.9% |
| Equity10/15 | €93,909 | €201,180 | €282,025 | €95,297 | €95,297 | €21,848 | €21,848 | = |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €75,309 | €182,580 | €263,425 | €76,697 | €76,697 | €3,248 | €3,248 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €261,565 | €74,837 | €76,697 | €3,248 | €3,248 | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €43,844 | €56,585 | €49,468 | €280,479 | €208,702 | €233,790 | €328,189 | ▲ 40.4% |
| Amounts payable within one year42/48 | €43,844 | €56,585 | €49,468 | €280,479 | €208,702 | €233,790 | €328,189 | ▲ 40.4% |
| Financial debts43 | - | - | - | - | - | - | €2,607 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €2,607 | - |
| Trade debts44 | €1,392 | €748 | €2,473 | €762 | €1,416 | €1,808 | €518 | ▼ 71.4% |
| Suppliers440/4 | - | - | €2,473 | €762 | €1,416 | €1,808 | €518 | ▼ 71.4% |
| Taxes, remuneration and social security45 | - | - | €41,876 | €70,360 | €50,044 | €32,077 | €13,000 | ▼ 59.5% |
| Taxes450/3 | - | - | €41,876 | €70,360 | €50,044 | €32,077 | €13,000 | ▼ 59.5% |
| Remuneration and social security454/9 | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €5,119 | €209,357 | €157,243 | €199,905 | €312,065 | ▲ 56.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,933 | €108,871 | €82,445 | €80,272 | €184,992 | €153,092 | €305,533 | ▲ 99.6% |
| + Depreciation and write-downs630 | €964 | €1,337 | €1,638 | €12,794 | €15,826 | €15,525 | €16,163 | ▲ 4.1% |
| Operating cash flow (approximation) | €77,897 | €110,208 | €84,083 | €93,066 | €200,818 | €168,617 | €321,695 | ▲ 90.8% |
| Investment in fixed assets (approximation) | - | -€2,022 | €0 | -€74,861 | €0 | €0 | -€3,882 | - |
| Change in cash | - | €70,094 | €101,408 | -€22,933 | -€132,562 | -€8,017 | €115,476 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00598760 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00562202 | |
| 31-03-2024 | micro format | 28-10-2024 | 2024-00517024 | |
| 31-03-2023 | micro format | 16-10-2023 | 2023-00487235 | |
| 31-03-2022 | micro format | 18-10-2022 | 2022-20472249 | |
| 31-03-2021 | micro format | 18-11-2021 | 2021-77700347 | |
| 31-03-2020 | micro format | 20-10-2020 | 2020-62100174 |