Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-04-2026 PDF all 3 filings
Equity
€174,389▲ 57.9%
2024 · €110,422
Net result
€63,967▲ 17.7%
2024 · €54,351
Total assets
€203,971▲ 66.6%
2024 · €122,463
Solvency
85.5%▼ 4.7pp
2024 · 90.2%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€89,086
▲ 17.7%
2025
20232025
Net result
€63,967
▲ 17.7%
2025
middle half of the sector
20232025
Equity
€174,389
▲ 57.9%
2025
middle half of the sector
20232025
Total assets
€203,971
▲ 66.6%
2025
middle half of the sector
20232025
Debt
€29,582
▲ 146%
2025
20232025
Working capital
€44,604
▼ 59.2%
2025
middle half of the sector
20232025
Solvency
85.5%
▼ 4.7pp
2025
highest quarter of the sector
20232025
Current ratio
2.51
▼ 7.57
2025
middle half of the sector
20232025
Return on assets (ROA)
31.4%
▼ 13.0pp
2025
highest quarter of the sector
20232025
Staff (FTE)
0.7
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€64,163-€75,658▲ 17.9%€89,086▲ 17.7%
Net result€51,072within the sector's middle half-€54,351within the sector's middle half▲ 6.4%€63,967within the sector's middle half▲ 17.7%
Equity€56,072within the sector's middle half-€110,422within the sector's middle half▲ 96.9%€174,389within the sector's middle half▲ 57.9%
Total assets€62,812below the sector's middle half-€122,463below the sector's middle half▲ 95.0%€203,971within the sector's middle half▲ 66.6%
Debt€6,740-€12,041▲ 78.6%€29,582▲ 146%
Working capital€56,072within the sector's middle half-€109,347within the sector's middle half▲ 95.0%€44,604within the sector's middle half▼ 59.2%
Solvency89.3%above the sector's middle half-90.2%above the sector's middle half▲ 0.9pp85.5%above the sector's middle half▼ 4.7pp
Current ratio9.32above the sector's middle half-10.08above the sector's middle half▲ 0.762.51within the sector's middle half▼ 7.57
Return on assets (ROA)81.3%above the sector's middle half-44.4%above the sector's middle half▼ 36.9pp31.4%above the sector's middle half▼ 13.0pp
Staff (FTE)0.7
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 18% higher than in 2024 and the highest since 2023. It is the second rise in a row.
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 €203,971
Fixed assets
€129,786 ▲ 121×
Current assets
€74,185 ▼ 38.9%
Equity and liabilities €203,971
Equity
€174,389 ▲ 57.9%
Debt
€29,582 ▲ 146%
Debt's share of the balance-sheet total rises from 9.8% to 14.5%. Equity and debt are higher.
Key figures and ratios
ROE
36.7%▼
2024 · 49.2%
Debt ≤ 1 year
€29,582▲
2024 · €12,041
Income taxes
€25,058▲
2024 · €21,268
Staff costs
€31,163
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.7 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
| Training hours | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €1,898 | €138,285 |
| Depreciation and write-downs of the year | - | €823 | €8,499 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €31,163 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €823 | €8,499 | ▲ 932% |
| Other operating charges640/8 | €434 | €1,238 | €2,301 | ▲ 85.9% |
| Gross operating margin9900 | €64,598 | €77,718 | €131,049 | ▲ 68.6% |
| Operating profit (loss)9901 | €64,163 | €75,658 | €89,086 | ▲ 17.7% |
| Financial charges65/66B | €29 | €39 | €60 | ▲ 54.7% |
| Recurring financial charges65 | €29 | €39 | €60 | ▲ 54.7% |
| Profit (loss) for the period before taxes9903 | €64,134 | €75,618 | €89,025 | ▲ 17.7% |
| Income taxes67/77 | €13,063 | €21,268 | €25,058 | ▲ 17.8% |
| Profit (loss) for the period9904 | €51,072 | €54,351 | €63,967 | ▲ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €51,072 | €54,351 | €63,967 | ▲ 17.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62,812 | €122,463 | €203,971 | ▲ 66.6% |
| Fixed assets21/28 | - | €1,075 | €129,786 | ▲ 121× |
| Tangible fixed assets22/27 | - | €1,075 | €129,786 | ▲ 121× |
| Furniture and vehicles24 | - | €1,075 | €129,786 | ▲ 121× |
| Current assets29/58 | €62,812 | €121,388 | €74,185 | ▼ 38.9% |
| Amounts receivable within one year40/41 | €15,967 | €8,670 | €16,666 | ▲ 92.2% |
| Trade receivables40 | - | - | €16,666 | - |
| Other amounts receivable41 | €15,967 | €8,670 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €46,845 | €109,102 | €52,753 | ▼ 51.6% |
| Deferred charges and accrued income490/1 | - | €3,616 | €4,767 | ▲ 31.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62,812 | €122,463 | €203,971 | ▲ 66.6% |
| Equity10/15 | €56,072 | €110,422 | €174,389 | ▲ 57.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €51,072 | €105,422 | €169,389 | ▲ 60.7% |
| Distributable reserves133 | €51,072 | €105,422 | €169,389 | ▲ 60.7% |
| Amounts payable17/49 | €6,740 | €12,041 | €29,582 | ▲ 146% |
| Amounts payable within one year42/48 | €6,740 | €12,041 | €29,582 | ▲ 146% |
| Trade debts44 | €6,700 | €7,965 | €5,119 | ▼ 35.7% |
| Suppliers440/4 | €6,700 | €7,965 | €5,119 | ▼ 35.7% |
| Taxes, remuneration and social security45 | - | €4,076 | €24,462 | ▲ 500% |
| Taxes450/3 | - | €4,076 | €15,112 | ▲ 271% |
| Remuneration and social security454/9 | - | - | €9,351 | - |
| Other amounts payable47/48 | €41 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,072 | €54,351 | €63,967 | ▲ 17.7% |
| + Depreciation and write-downs630 | - | €823 | €8,499 | ▲ 932% |
| Operating cash flow (approximation) | €51,072 | €55,174 | €72,467 | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | - | -€137,210 | - |
| Change in cash | - | €62,257 | -€56,350 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.