Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 4 filings
Equity
€5,000▼ 96.3%
2024 · €136,730
Net result
€40,348▲ 68.6%
2024 · €23,934
Total assets
€406,666▼ 10.9%
2024 · €456,193
Solvency
1.2%▼ 28.7pp
2024 · 30.0%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€60,049
▲ 45.3%
2025
20222025
Net result
€40,348
▲ 68.6%
2025
middle half of the sector
20222025
Equity
€5,000
▼ 96.3%
2025
lowest quarter of the sector
20222025
Total assets
€406,666
▼ 10.9%
2025
middle half of the sector
20222025
Debt
€401,666
▲ 25.7%
2025
20222025
Working capital
-€160,669
2025
lowest quarter of the sector
20222025
Solvency
1.2%
▼ 28.7pp
2025
lowest quarter of the sector
20222025
Current ratio
0.28
▼ 0.81
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
9.9%
▲ 4.7pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€78,683-€81,904▲ 4.1%€41,332▼ 49.5%€60,049▲ 45.3%
Net result€62,864within the sector's middle half-€64,932within the sector's middle half▲ 3.3%€23,934within the sector's middle half▼ 63.1%€40,348within the sector's middle half▲ 68.6%
Equity€67,864within the sector's middle half-€132,796within the sector's middle half▲ 95.7%€136,730within the sector's middle half▲ 3.0%€5,000below the sector's middle half▼ 96.3%
Total assets€82,431below the sector's middle half-€147,178within the sector's middle half▲ 78.5%€456,193within the sector's middle half▲ 210%€406,666within the sector's middle half▼ 10.9%
Debt€14,567-€14,382▼ 1.3%€319,463▲ 22×€401,666▲ 25.7%
Working capital€67,864within the sector's middle half-€132,796within the sector's middle half▲ 95.7%€9,011within the sector's middle half▼ 93.2%-€160,669below the sector's middle half
Solvency82.3%above the sector's middle half-90.2%above the sector's middle half▲ 7.9pp30.0%within the sector's middle half▼ 60.3pp1.2%below the sector's middle half▼ 28.7pp
Current ratio5.66above the sector's middle half-10.23above the sector's middle half▲ 4.571.09within the sector's middle half▼ 9.150.28below the sector's middle half▼ 0.81
Return on assets (ROA)76.3%above the sector's middle half-44.1%above the sector's middle half▼ 32.1pp5.2%within the sector's middle half▼ 38.9pp9.9%within the sector's middle half▲ 4.7pp
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 45% higher than in 2024. It is a recovery after the fall 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 €406,666
Fixed assets
€344,000 =
Current assets
€62,666 ▼ 44.1%
Equity and liabilities €406,666
Equity
€5,000 ▼ 96.3%
Debt
€401,666 ▲ 25.7%
Debt's share of the balance-sheet total rises from 70.0% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
807.0%▲
2024 · 17.5%
Debt ≤ 1 year
€223,335▲
2024 · €103,182
Debt > 1 year
€178,084▼
2024 · €216,282
Income taxes
€11,000▲
2024 · €8,617
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Intangible fixed assets | €1,181 | - | - | - |
| Financial fixed assets | - | - | €344,000 | - |
| Depreciation and write-downs of the year | €1,181 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,181 | - | - | - | - |
| Other operating charges640/8 | - | €390 | - | €465 | - |
| Gross operating margin9900 | €79,864 | €82,294 | €41,332 | €60,514 | ▲ 46.4% |
| Operating profit (loss)9901 | €78,683 | €81,904 | €41,332 | €60,049 | ▲ 45.3% |
| Financial income75/76B | - | €72 | €209 | - | - |
| Recurring financial income75 | - | €72 | €209 | - | - |
| Financial charges65/66B | €15 | €8 | €8,989 | €8,701 | ▼ 3.2% |
| Recurring financial charges65 | €15 | €8 | €8,989 | €8,701 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €78,668 | €81,968 | €32,552 | €51,348 | ▲ 57.7% |
| Income taxes67/77 | €15,804 | €17,036 | €8,617 | €11,000 | ▲ 27.6% |
| Profit (loss) for the period9904 | €62,864 | €64,932 | €23,934 | €40,348 | ▲ 68.6% |
| Profit (loss) for the period to be appropriated9905 | €62,864 | €64,932 | €23,934 | €40,348 | ▲ 68.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €82,431 | €147,178 | €456,193 | €406,666 | ▼ 10.9% |
| Fixed assets21/28 | - | - | €344,000 | €344,000 | = |
| Financial fixed assets28 | - | - | €344,000 | €344,000 | = |
| Current assets29/58 | €82,431 | €147,178 | €112,193 | €62,666 | ▼ 44.1% |
| Amounts receivable within one year40/41 | €61,827 | €26,139 | €54,387 | €40,199 | ▼ 26.1% |
| Trade receivables40 | €60,500 | €24,200 | €48,400 | €38,948 | ▼ 19.5% |
| Other amounts receivable41 | €1,327 | €1,939 | €5,987 | €1,251 | ▼ 79.1% |
| Cash at bank and in hand54/58 | €20,604 | €120,966 | €57,597 | €22,467 | ▼ 61.0% |
| Deferred charges and accrued income490/1 | - | €72 | €209 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €82,431 | €147,178 | €456,193 | €406,666 | ▼ 10.9% |
| Equity10/15 | €67,864 | €132,796 | €136,730 | €5,000 | ▼ 96.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €62,864 | €127,796 | €131,730 | - | - |
| Amounts payable17/49 | €14,567 | €14,382 | €319,463 | €401,666 | ▲ 25.7% |
| Amounts payable after more than one year17 | - | - | €216,282 | €178,084 | ▼ 17.7% |
| Financial debts170/4 | - | - | €216,282 | €178,084 | ▼ 17.7% |
| Amounts payable within one year42/48 | €14,567 | €14,382 | €103,182 | €223,335 | ▲ 116% |
| Current portion of amounts payable after more than one year42 | - | - | €36,887 | €38,198 | ▲ 3.6% |
| Trade debts44 | €594 | €361 | €40,219 | €100 | ▼ 99.8% |
| Suppliers440/4 | €594 | €361 | €40,219 | €100 | ▼ 99.8% |
| Taxes, remuneration and social security45 | €13,973 | €14,021 | €6,076 | €5,966 | ▼ 1.8% |
| Taxes450/3 | €13,973 | €13,986 | €6,076 | €5,758 | ▼ 5.2% |
| Remuneration and social security454/9 | - | €35 | - | €208 | - |
| Other amounts payable47/48 | - | - | €20,000 | €179,072 | ▲ 795% |
| Accrued charges and deferred income492/3 | - | - | - | €248 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,864 | €64,932 | €23,934 | €40,348 | ▲ 68.6% |
| + Depreciation and write-downs630 | €1,181 | - | - | - | - |
| Operating cash flow (approximation) | €64,045 | €64,932 | €23,934 | €40,348 | ▲ 68.6% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €100,362 | -€63,369 | -€35,130 | ▲ 44.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.