Financials · financial year 2025, micro format
2025 annual accounts filed 88 days after the deadline Filed on 27 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00569966.
Annual accounts 2025 filed on 27-10-2026 at the NBB all 26 filings
Equity
€7,455▼ 54.7%
2024 · €16,446
Net result
-€8,990
2024 · €26,047
Total assets
€30,374▼ 3.6%
2024 · €31,502
Solvency
24.5%▼ 27.7pp
2024 · 52.2%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€8,914
2025
20182025
Net result
-€8,990
2025
lowest quarter of the sector
20182025
Equity
€7,455
▼ 54.7%
2025
lowest quarter of the sector
20182025
Total assets
€30,374
▼ 3.6%
2025
lowest quarter of the sector
20182025
Debt
€22,919
▲ 52.2%
2025
20182025
Working capital
no figure
2025
20182025
Solvency
24.5%
▼ 27.7pp
2025
middle half of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
-29.6%
▼ 112.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€13,728--€451-€448▲ 0.9%-€449▼ 0.2%€28,417€27,574▼ 3.0%-€8,914
Net result€13,621--€590-€649below the sector's middle half▼ 10.0%-€517below the sector's middle half▲ 20.3%-€3,639below the sector's middle half▼ 604%€28,369within the sector's middle half€26,047within the sector's middle half▼ 8.2%-€8,990below the sector's middle half
Equity-€32,576--€33,166▼ 1.8%-€33,814below the sector's middle half▼ 2.0%-€34,331below the sector's middle half▼ 1.5%-€37,970below the sector's middle half▼ 10.6%-€9,602below the sector's middle half▲ 74.7%€16,446below the sector's middle half€7,455below the sector's middle half▼ 54.7%
Total assets€6,139-€6,001▼ 2.3%€5,800below the sector's middle half▼ 3.3%€5,731below the sector's middle half▼ 1.2%€2,350below the sector's middle half▼ 59.0%€30,012below the sector's middle half▲ 13×€31,502below the sector's middle half▲ 5.0%€30,374below the sector's middle half▼ 3.6%
Debt€38,715-€39,166▲ 1.2%€39,614▲ 1.1%€40,062▲ 1.1%€40,320▲ 0.6%€39,614▼ 1.8%€15,056▼ 62.0%€22,919▲ 52.2%
Working capital-€32,576-€29,247within the sector's middle half€31,466within the sector's middle half▲ 7.6%
Solvency-530.7%--552.7%▼ 22.0pp-583.0%below the sector's middle half▼ 30.3pp-599.0%below the sector's middle half▼ 16.0pp-1615.5%below the sector's middle half▼ 1016.5pp-32.0%below the sector's middle half▲ 1583.6pp52.2%within the sector's middle half▲ 84.2pp24.5%within the sector's middle half▼ 27.7pp
Current ratio0.16-39.21above the sector's middle half
Return on assets (ROA)221.9%--9.8%▼ 231.7pp-11.2%below the sector's middle half▼ 1.4pp-9.0%below the sector's middle half▲ 2.2pp94.5%above the sector's middle half82.7%above the sector's middle half▼ 11.8pp-29.6%below the sector's middle half▼ 112.3pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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 a loss of €8,914, after a profit of €27,574 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30,374
Equity
€7,455 ▼ 54.7%
Debt
€22,919 ▲ 52.2%
Debt's share of the balance-sheet total rises from 47.8% to 75.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-120.6%▼
2024 · 158.4%
Debt > 1 year
€22,919▲
2024 · €15,020
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €449 | - | €2,818 | €547 | €120 | ▼ 78.1% |
| Gross operating margin9900 | €15,000 | - | - | - | - | €31,235 | €28,121 | -€8,794 | - |
| Operating profit (loss)9901 | €13,728 | -€451 | -€448 | -€449 | - | €28,417 | €27,574 | -€8,914 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €83 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €83 | - |
| Financial charges65/66B | - | - | - | €68 | €3,639 | €48 | €1,492 | €160 | ▼ 89.3% |
| Recurring financial charges65 | €107 | €138 | €201 | €68 | €3,639 | €48 | €1,492 | €160 | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | €13,621 | -€590 | -€649 | -€517 | -€3,639 | €28,369 | €26,083 | -€8,990 | - |
| Income taxes67/77 | - | - | - | - | - | - | €36 | - | - |
| Profit (loss) for the period9904 | €13,621 | -€590 | -€649 | -€517 | -€3,639 | €28,369 | €26,047 | -€8,990 | - |
| Profit (loss) for the period to be appropriated9905 | €13,621 | -€590 | -€649 | -€517 | -€3,639 | €28,369 | €26,047 | -€8,990 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6,139 | €6,001 | €5,800 | €5,731 | €2,350 | €30,012 | €31,502 | €30,374 | ▼ 3.6% |
| Current assets29/58 | €6,139 | €6,001 | €5,800 | €5,731 | €2,350 | €30,012 | €31,502 | €30,374 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €2,325 | €2,325 | €2,325 | €2,325 | €2,325 | €30,000 | €30,542 | €30,000 | ▼ 1.8% |
| Trade receivables40 | - | - | - | - | - | €30,000 | €30,000 | €30,000 | = |
| Other amounts receivable41 | - | - | - | €2,325 | €2,325 | - | €542 | - | - |
| Cash at bank and in hand54/58 | €3,814 | €3,676 | €3,475 | €3,406 | €25 | €12 | €959 | €374 | ▼ 61.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6,139 | €6,001 | €5,800 | €5,731 | €2,350 | €30,012 | €31,502 | €30,374 | ▼ 3.6% |
| Equity10/15 | -€32,576 | -€33,166 | -€33,814 | -€34,331 | -€37,970 | -€9,602 | €16,446 | €7,455 | ▼ 54.7% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€51,168 | -€51,758 | -€52,406 | -€52,923 | -€56,562 | -€28,194 | -€2,147 | -€11,137 | ▼ 419% |
| Amounts payable17/49 | €38,715 | €39,166 | €39,614 | €40,062 | €40,320 | €39,614 | €15,056 | €22,919 | ▲ 52.2% |
| Amounts payable after more than one year17 | - | €39,166 | €39,614 | €40,062 | €40,320 | €38,848 | €15,020 | €22,919 | ▲ 52.6% |
| Financial debts170/4 | - | - | - | €40,062 | €40,320 | €38,848 | €15,020 | €22,919 | ▲ 52.6% |
| Amounts payable within one year42/48 | €38,715 | - | - | - | - | €765 | €36 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €765 | €36 | - | - |
| Taxes450/3 | - | - | - | - | - | €765 | €36 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,621 | -€590 | -€649 | -€517 | -€3,639 | €28,369 | €26,047 | -€8,990 | - |
| Operating cash flow (approximation) | €13,621 | -€590 | -€649 | -€517 | -€3,639 | €28,369 | €26,047 | -€8,990 | - |
| Change in cash | - | -€138 | -€201 | -€68 | -€3,381 | -€13 | €947 | -€585 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-10-2026 | 2026-00569966 | |
| 31-12-2024 | micro format | 13-11-2025 | 2025-00566458 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00502353 | |
| 31-12-2022 | micro format | 19-09-2023 | 2023-00448648 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20480754 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60800236 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-66900190 | |
| 31-12-2018 | abbreviated format | 10-10-2019 | 2019-69700118 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61400090 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58100243 |