Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 7 filings
Equity
€648,032▲ 3.8%
2024 · €624,477
Net result
€23,555▲ 0.2%
2024 · €23,518
Total assets
€824,980=
2024 · €824,675
Solvency
78.6%▲ 2.8pp
2024 · 75.7%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€34,413
▼ 1.1%
2025
20192025
Net result
€23,555
▲ 0.2%
2025
middle half of the sector
20192025
Equity
€648,032
▲ 3.8%
2025
highest quarter of the sector
20192025
Total assets
€824,980
=
2025
middle half of the sector
20192025
Debt
€176,948
▼ 11.6%
2025
20192025
Working capital
-€106,233
▼ 2.9%
2025
lowest quarter of the sector
20192025
Solvency
78.6%
▲ 2.8pp
2025
highest quarter of the sector
20192025
Current ratio
0.01
=
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
2.9%
=
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€857--€811-€1,424▼ 75.6%€41,381€27,002▼ 34.7%€34,794▲ 28.9%€34,413▼ 1.1%
Net result€397,833--€2,212below the sector's middle half-€1,459below the sector's middle half▲ 34.0%€29,079within the sector's middle half€17,718within the sector's middle half▼ 39.1%€23,518within the sector's middle half▲ 32.7%€23,555within the sector's middle half▲ 0.2%
Equity€557,833-€555,621above the sector's middle half▼ 0.4%€554,162above the sector's middle half▼ 0.3%€583,241above the sector's middle half▲ 5.2%€600,959above the sector's middle half▲ 3.0%€624,477above the sector's middle half▲ 3.9%€648,032above the sector's middle half▲ 3.8%
Total assets€937,593-€815,881within the sector's middle half▼ 13.0%€815,922within the sector's middle half=€828,195within the sector's middle half▲ 1.5%€825,019within the sector's middle half▼ 0.4%€824,675within the sector's middle half=€824,980within the sector's middle half=
Debt€379,760-€260,260▼ 31.5%€261,760▲ 0.6%€244,954▼ 6.4%€224,060▼ 8.5%€200,198▼ 10.6%€176,948▼ 11.6%
Working capital-€257,927--€260,139below the sector's middle half▼ 0.9%-€261,598below the sector's middle half▼ 0.6%-€79,979below the sector's middle half▲ 69.4%-€98,360below the sector's middle half▼ 23.0%-€103,252below the sector's middle half▼ 5.0%-€106,233below the sector's middle half▼ 2.9%
Solvency59.5%-68.1%within the sector's middle half▲ 8.6pp67.9%within the sector's middle half▼ 0.2pp70.4%within the sector's middle half▲ 2.5pp72.8%within the sector's middle half▲ 2.4pp75.7%within the sector's middle half▲ 2.9pp78.6%above the sector's middle half▲ 2.8pp
Current ratio0.32-0.00below the sector's middle half▼ 0.320.00below the sector's middle half=0.13below the sector's middle half▲ 0.130.01below the sector's middle half▼ 0.120.01below the sector's middle half=0.01below the sector's middle half=
Return on assets (ROA)42.4%--0.3%below the sector's middle half▼ 42.7pp-0.2%below the sector's middle half▲ 0.1pp3.5%within the sector's middle half▲ 3.7pp2.1%within the sector's middle half▼ 1.4pp2.9%within the sector's middle half▲ 0.7pp2.9%within the sector's middle half=
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% 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 €824,980
Fixed assets
€824,000 =
Current assets
€980 ▲ 45.2%
Equity and liabilities €824,980
Equity
€648,032 ▲ 3.8%
Debt
€176,948 ▼ 11.6%
Debt's share of the balance-sheet total falls from 24.3% to 21.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
3.6%▼
2024 · 3.8%
Debt ≤ 1 year
€107,212▲
2024 · €103,927
Debt > 1 year
€69,735▼
2024 · €96,271
Income taxes
€8,567▲
2024 · €8,436
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €8,240 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €175 | €179 | €330 | €204 | €505 | ▲ 147% |
| Gross operating margin9900 | €946 | -€756 | -€1,249 | €41,560 | €27,332 | €34,998 | €34,918 | ▼ 0.2% |
| Operating profit (loss)9901 | €857 | -€811 | -€1,424 | €41,381 | €27,002 | €34,794 | €34,413 | ▼ 1.1% |
| Recurring financial income75 | €400,000 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €35 | €3,362 | €3,379 | €2,840 | €2,291 | ▼ 19.3% |
| Recurring financial charges65 | €3,024 | €1,401 | €35 | €3,362 | €3,379 | €2,840 | €2,291 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €397,833 | -€2,212 | -€1,459 | €38,019 | €23,623 | €31,954 | €32,122 | ▲ 0.5% |
| Income taxes67/77 | - | - | - | €8,940 | €5,905 | €8,436 | €8,567 | ▲ 1.6% |
| Profit (loss) for the period9904 | €397,833 | -€2,212 | -€1,459 | €29,079 | €17,718 | €23,518 | €23,555 | ▲ 0.2% |
| Profit (loss) for the period to be appropriated9905 | €397,833 | -€2,212 | -€1,459 | €29,079 | €17,718 | €23,518 | €23,555 | ▲ 0.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €937,593 | €815,881 | €815,922 | €828,195 | €825,019 | €824,675 | €824,980 | = |
| Fixed assets21/28 | €815,760 | €815,760 | €815,760 | €815,760 | €824,000 | €824,000 | €824,000 | = |
| Financial fixed assets28 | €815,760 | €815,760 | €815,760 | €815,760 | €824,000 | €824,000 | €824,000 | = |
| Current assets29/58 | €121,833 | €121 | €162 | €12,435 | €1,019 | €675 | €980 | ▲ 45.2% |
| Amounts receivable within one year40/41 | €120,000 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,833 | €121 | €162 | €12,435 | €1,019 | €675 | €980 | ▲ 45.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €937,593 | €815,881 | €815,922 | €828,195 | €825,019 | €824,675 | €824,980 | = |
| Equity10/15 | €557,833 | €555,621 | €554,162 | €583,241 | €600,959 | €624,477 | €648,032 | ▲ 3.8% |
| Contributions10/11 | €160,000 | - | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Profit (loss) carried forward14 | €397,833 | €395,621 | €394,162 | €423,241 | €440,959 | €464,477 | €488,032 | ▲ 5.1% |
| Amounts payable17/49 | €379,760 | €260,260 | €261,760 | €244,954 | €224,060 | €200,198 | €176,948 | ▼ 11.6% |
| Amounts payable after more than one year17 | - | - | - | €152,540 | €124,681 | €96,271 | €69,735 | ▼ 27.6% |
| Financial debts170/4 | - | - | - | €152,540 | €124,681 | €96,271 | €69,735 | ▼ 27.6% |
| Amounts payable within one year42/48 | €379,760 | €260,260 | €261,760 | €92,414 | €99,379 | €103,927 | €107,212 | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,319 | €27,859 | €28,410 | €26,536 | ▼ 6.6% |
| Trade debts44 | - | - | - | - | €519 | - | - | - |
| Suppliers440/4 | - | - | - | - | €519 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,940 | €4,845 | €3,410 | €8,570 | ▲ 151% |
| Taxes450/3 | - | - | - | €3,940 | €4,845 | €3,410 | €8,570 | ▲ 151% |
| Other amounts payable47/48 | - | - | €261,760 | €61,155 | €66,155 | €72,106 | €72,106 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €397,833 | -€2,212 | -€1,459 | €29,079 | €17,718 | €23,518 | €23,555 | ▲ 0.2% |
| Operating cash flow (approximation) | €397,833 | -€2,212 | -€1,459 | €29,079 | €17,718 | €23,518 | €23,555 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€8,240 | €0 | €0 | - |
| Change in cash | - | -€1,712 | €41 | €12,273 | -€11,416 | -€344 | €305 | - |
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 |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00182873 | |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00136447 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00170508 | |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00108189 | |
| 31-12-2021 | micro format | 25-06-2022 | 2022-20092206 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21500354 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-32500506 |