LEVEL16
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468493.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 3 filings
Turnover
≈ €570,000
Estimated: probably between €470,000 and €800,000
Total assets
€11.0m▲ 4.4%
2024 · €10.5m
Net result
€1.1m▲ 61.0%
2024 · €690,499
Working capital
-€749,710▲ 9.0%
2024 · -€823,801
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€377,304
▲ 68.5%
2025
20232025
Net result
€1.1m
▲ 61.0%
2025
highest quarter of the sector
20232025
Equity
€5.1m
▲ 27.9%
2025
highest quarter of the sector
20232025
Total assets
€11.0m
▲ 4.4%
2025
highest quarter of the sector
20232025
Debt
€5.9m
▼ 9.9%
2025
20232025
Working capital
-€749,710
▲ 9.0%
2025
lowest quarter of the sector
20232025
Solvency
46.3%
▲ 8.5pp
2025
middle half of the sector
20232025
Current ratio
0.46
▲ 0.29
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
10.1%
▲ 3.6pp
2025
middle half of the sector
20232025
Staff (FTE)
0
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€0.2m-€0.2m▲ 43.4%€0.4m▲ 68.5%
Net result€1.3mabove the sector's middle half-€0.7mabove the sector's middle half▼ 46.5%€1.1mabove the sector's middle half▲ 61.0%
Equity€3.3mabove the sector's middle half-€4.0mabove the sector's middle half▲ 21.0%€5.1mabove the sector's middle half▲ 27.9%
Total assets€11.3mabove the sector's middle half-€10.5mabove the sector's middle half▼ 6.5%€11.0mabove the sector's middle half▲ 4.4%
Debt€8.0m-€6.6m▼ 17.8%€5.9m▼ 9.9%
Working capital-€0.6mbelow the sector's middle half--€0.8mbelow the sector's middle half▼ 30.6%-€0.7mbelow the sector's middle half▲ 9.0%
Solvency29.2%within the sector's middle half-37.8%within the sector's middle half▲ 8.6pp46.3%within the sector's middle half▲ 8.5pp
Current ratio0.59below the sector's middle half-0.17below the sector's middle half▼ 0.420.46below the sector's middle half▲ 0.29
Return on assets (ROA)11.5%within the sector's middle half-6.6%within the sector's middle half▼ 4.9pp10.1%within the sector's middle half▲ 3.6pp
Staff (FTE)0below the sector's middle half-0within the sector's middle half0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 68% 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 abbreviated 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 €11.0m
Fixed assets
€10.4m =
Current assets
€635,996 ▲ 270%
Equity and liabilities €11.0m
Equity
€5.1m ▲ 27.9%
Debt
€5.9m ▼ 9.9%
Debt's share of the balance-sheet total falls from 62.2% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.16▼
2024 · 1.65
ROE
21.8%▲
2024 · 17.3%
Debt ≤ 1 year
€1.4m▲
2024 · €995,778
Debt > 1 year
€4.5m▼
2024 · €5.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €10.4m | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €384 | €0.001m | €0.001m | ▲ 163% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.4m | ▲ 68.7% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.4m | ▲ 68.5% |
| Financial income75/76B | €1.4m | €0.8m | €1.0m | ▲ 25.0% |
| Recurring financial income75 | €1.4m | €0.8m | €1.0m | ▲ 25.0% |
| Financial charges65/66B | €0.2m | €0.3m | €0.3m | ▼ 20.3% |
| Recurring financial charges65 | €0.2m | €0.3m | €0.3m | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €1.3m | €0.7m | €1.1m | ▲ 61.0% |
| Profit (loss) for the period9904 | €1.3m | €0.7m | €1.1m | ▲ 61.0% |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €0.7m | €1.1m | ▲ 61.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11.3m | €10.5m | €11.0m | ▲ 4.4% |
| Formation expenses20 | €0.003m | €0.003m | €0.003m | = |
| Fixed assets21/28 | €10.4m | €10.4m | €10.4m | = |
| Financial fixed assets28 | €10.4m | €10.4m | €10.4m | = |
| Current assets29/58 | €0.9m | €0.2m | €0.6m | ▲ 270% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €28 | ▼ 100.0% |
| Trade receivables40 | €0.1m | €0.1m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €28 | - |
| Cash at bank and in hand54/58 | €0.8m | €0.06m | €0.6m | ▲ 908% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11.3m | €10.5m | €11.0m | ▲ 4.4% |
| Equity10/15 | €3.3m | €4.0m | €5.1m | ▲ 27.9% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | €1.3m | €2.0m | €3.1m | ▲ 56.1% |
| Amounts payable17/49 | €8.0m | €6.6m | €5.9m | ▼ 9.9% |
| Amounts payable after more than one year17 | €6.1m | €5.6m | €4.5m | ▼ 18.7% |
| Financial debts170/4 | €2.4m | €1.9m | €1.3m | ▼ 28.6% |
| Other amounts payable178/9 | €3.7m | €3.7m | €3.2m | ▼ 13.6% |
| Amounts payable within one year42/48 | €1.5m | €1.0m | €1.4m | ▲ 39.2% |
| Current portion of amounts payable after more than one year42 | €1.2m | €0.5m | €1.0m | ▲ 93.0% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | ▼ 33.5% |
| Suppliers440/4 | €0.2m | €0.2m | €0.2m | ▼ 33.5% |
| Taxes, remuneration and social security45 | €0.03m | €0.02m | €0.03m | ▲ 66.5% |
| Taxes450/3 | €0.03m | €0.02m | €0.03m | ▲ 66.5% |
| Other amounts payable47/48 | €0.1m | €0.2m | €0.2m | ▼ 21.0% |
| Accrued charges and deferred income492/3 | €0.3m | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €0.7m | €1.1m | ▲ 61.0% |
| Operating cash flow (approximation) | €1.3m | €0.7m | €1.1m | ▲ 61.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€0.7m | €0.6m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.