Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 3 filings
Equity
€145,290▲ 49.5%
2024 · €97,200
Net result
€48,090▼ 32.7%
2024 · €71,452
Total assets
€158,474▲ 40.1%
2024 · €113,075
Solvency
91.7%▲ 5.7pp
2024 · 86.0%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€62,148
▼ 30.9%
2025
20232025
Net result
€48,090
▼ 32.7%
2025
middle half of the sector
20232025
Equity
€145,290
▲ 49.5%
2025
middle half of the sector
20232025
Total assets
€158,474
▲ 40.1%
2025
middle half of the sector
20232025
Debt
€13,185
▼ 16.9%
2025
20232025
Working capital
€143,582
▲ 51.4%
2025
middle half of the sector
20232025
Solvency
91.7%
▲ 5.7pp
2025
highest quarter of the sector
20232025
Current ratio
11.89
▲ 4.92
2025
highest quarter of the sector
20232025
Return on assets (ROA)
30.3%
▼ 32.8pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€28,688-€89,965▲ 214%€62,148▼ 30.9%
Net result€22,748within the sector's middle half-€71,452within the sector's middle half▲ 214%€48,090within the sector's middle half▼ 32.7%
Equity€25,748below the sector's middle half-€97,200within the sector's middle half▲ 278%€145,290within the sector's middle half▲ 49.5%
Total assets€35,083below the sector's middle half-€113,075below the sector's middle half▲ 222%€158,474within the sector's middle half▲ 40.1%
Debt€9,336-€15,875▲ 70.0%€13,185▼ 16.9%
Working capital€24,442within the sector's middle half-€94,811within the sector's middle half▲ 288%€143,582within the sector's middle half▲ 51.4%
Solvency73.4%within the sector's middle half-86.0%above the sector's middle half▲ 12.6pp91.7%above the sector's middle half▲ 5.7pp
Current ratio3.62within the sector's middle half-6.97above the sector's middle half▲ 3.3511.89above the sector's middle half▲ 4.92
Return on assets (ROA)64.8%above the sector's middle half-63.2%above the sector's middle half▼ 1.6pp30.3%above the sector's middle half▼ 32.8pp
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 31% lower 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 €158,474
Fixed assets
€1,707 ▼ 28.5%
Current assets
€156,767 ▲ 41.6%
Equity and liabilities €158,474
Equity
€145,290 ▲ 49.5%
Debt
€13,185 ▼ 16.9%
Debt's share of the balance-sheet total falls from 14.0% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
33.1%▼
2024 · 73.5%
Debt ≤ 1 year
€13,185▼
2024 · €15,875
Income taxes
€12,870▼
2024 · €18,619
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 | €869 | €1,857 | - |
| Depreciation and write-downs of the year | €637 | €774 | €682 |
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 | €637 | €774 | €682 | ▼ 12.0% |
| Other operating charges640/8 | €50 | €196 | €410 | ▲ 109% |
| Gross operating margin9900 | €29,375 | €90,936 | €63,240 | ▼ 30.5% |
| Operating profit (loss)9901 | €28,688 | €89,965 | €62,148 | ▼ 30.9% |
| Financial income75/76B | €1 | €149 | €65 | ▼ 56.3% |
| Recurring financial income75 | €1 | €149 | €65 | ▼ 56.3% |
| Financial charges65/66B | €20 | €44 | €1,253 | ▲ 29× |
| Recurring financial charges65 | €20 | €44 | €1,253 | ▲ 29× |
| Profit (loss) for the period before taxes9903 | €28,670 | €90,070 | €60,960 | ▼ 32.3% |
| Income taxes67/77 | €5,922 | €18,619 | €12,870 | ▼ 30.9% |
| Profit (loss) for the period9904 | €22,748 | €71,452 | €48,090 | ▼ 32.7% |
| Profit (loss) for the period to be appropriated9905 | €22,748 | €71,452 | €48,090 | ▼ 32.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35,083 | €113,075 | €158,474 | ▲ 40.1% |
| Formation expenses20 | €448 | €0 | €0 | - |
| Fixed assets21/28 | €858 | €2,389 | €1,707 | ▼ 28.5% |
| Tangible fixed assets22/27 | €858 | €2,389 | €1,707 | ▼ 28.5% |
| Plant, machinery and equipment23 | €858 | €641 | €424 | ▼ 33.9% |
| Furniture and vehicles24 | - | €1,748 | €1,283 | ▼ 26.6% |
| Current assets29/58 | €33,777 | €110,686 | €156,767 | ▲ 41.6% |
| Amounts receivable within one year40/41 | €12,168 | €12,288 | €12,100 | ▼ 1.5% |
| Trade receivables40 | €12,168 | €12,288 | €12,100 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €21,001 | €75,310 | €119,809 | ▲ 59.1% |
| Deferred charges and accrued income490/1 | €608 | €23,088 | €24,858 | ▲ 7.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35,083 | €113,075 | €158,474 | ▲ 40.1% |
| Equity10/15 | €25,748 | €97,200 | €145,290 | ▲ 49.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €22,748 | €94,200 | €142,290 | ▲ 51.1% |
| Distributable reserves133 | €22,748 | €94,200 | €142,290 | ▲ 51.1% |
| Amounts payable17/49 | €9,336 | €15,875 | €13,185 | ▼ 16.9% |
| Amounts payable within one year42/48 | €9,336 | €15,875 | €13,185 | ▼ 16.9% |
| Trade debts44 | €2,477 | €4,067 | €4,428 | ▲ 8.9% |
| Suppliers440/4 | €2,477 | €4,067 | €4,428 | ▲ 8.9% |
| Taxes, remuneration and social security45 | €6,858 | €11,744 | €8,731 | ▼ 25.7% |
| Taxes450/3 | €6,858 | €11,744 | €8,731 | ▼ 25.7% |
| Other amounts payable47/48 | - | €65 | €25 | ▼ 60.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,748 | €71,452 | €48,090 | ▼ 32.7% |
| + Depreciation and write-downs630 | €637 | €774 | €682 | ▼ 12.0% |
| Operating cash flow (approximation) | €23,385 | €72,226 | €48,772 | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | -€2,305 | €0 | - |
| Change in cash | - | €54,309 | €44,499 | ▼ 18.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.