Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-06-2026 PDF all 9 filings
Equity
€34,967▲ 154%
2024 · €13,790
Net result
€21,178
2024 · -€28,211
Total assets
€40,611▲ 113%
2024 · €19,095
Solvency
86.1%▲ 13.9pp
2024 · 72.2%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€21,855
2025
20182025
Net result
€21,178
2025
middle half of the sector
20182025
Equity
€34,967
▲ 154%
2025
lowest quarter of the sector
20182025
Total assets
€40,611
▲ 113%
2025
lowest quarter of the sector
20182025
Debt
€5,644
▲ 6.4%
2025
20182025
Working capital
€34,453
▲ 150%
2025
middle half of the sector
20182025
Solvency
86.1%
▲ 13.9pp
2025
highest quarter of the sector
20182025
Current ratio
7.10
▲ 3.51
2025
highest quarter of the sector
20182025
Return on assets (ROA)
52.1%
▲ 199.9pp
2025
highest 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€26,527-€8,110▼ 69.4%€19,137▲ 136%€28,540▲ 49.1%€23,281▼ 18.4%€90▼ 99.6%-€28,828€21,855
Net result€22,669-€5,241▼ 76.9%€14,506within the sector's middle half▲ 177%€21,644within the sector's middle half▲ 49.2%€16,565within the sector's middle half▼ 23.5%-€265below the sector's middle half-€28,211below the sector's middle half▼ 10,527%€21,178within the sector's middle half
Equity€22,075-€27,316▲ 23.7%€19,501below the sector's middle half▼ 28.6%€19,501below the sector's middle half=€36,066below the sector's middle half▲ 84.9%€35,800below the sector's middle half▼ 0.7%€13,790below the sector's middle half▼ 61.5%€34,967below the sector's middle half▲ 154%
Total assets€40,108-€49,732▲ 24.0%€61,999below the sector's middle half▲ 24.7%€63,869below the sector's middle half▲ 3.0%€67,841below the sector's middle half▲ 6.2%€55,093below the sector's middle half▼ 18.8%€19,095below the sector's middle half▼ 65.3%€40,611below the sector's middle half▲ 113%
Debt€18,033-€22,415▲ 24.3%€42,498▲ 89.6%€44,368▲ 4.4%€31,775▼ 28.4%€19,293▼ 39.3%€5,305▼ 72.5%€5,644▲ 6.4%
Working capital€21,280-€26,927▲ 26.5%€24,108within the sector's middle half▼ 10.5%€19,501within the sector's middle half▼ 19.1%€36,066within the sector's middle half▲ 84.9%€35,800within the sector's middle half▼ 0.7%€13,790within the sector's middle half▼ 61.5%€34,453within the sector's middle half▲ 150%
Solvency55.0%-54.9%▼ 0.1pp31.5%within the sector's middle half▼ 23.5pp30.5%within the sector's middle half▼ 0.9pp53.2%within the sector's middle half▲ 22.6pp65.0%within the sector's middle half▲ 11.8pp72.2%within the sector's middle half▲ 7.2pp86.1%above the sector's middle half▲ 13.9pp
Current ratio5.06-2.96▼ 2.101.72within the sector's middle half▼ 1.241.44within the sector's middle half▼ 0.282.14within the sector's middle half▲ 0.702.86within the sector's middle half▲ 0.723.60within the sector's middle half▲ 0.747.10above the sector's middle half▲ 3.51
Return on assets (ROA)56.5%-10.5%▼ 46.0pp23.4%above the sector's middle half▲ 12.9pp33.9%above the sector's middle half▲ 10.5pp24.4%above the sector's middle half▼ 9.5pp-0.5%below the sector's middle half▼ 24.9pp-147.7%below the sector's middle half▼ 147.3pp52.1%above the sector's middle half▲ 199.9pp
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 a profit of €21,855, after a loss of €28,828 in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €40,611
Fixed assets
€514
Current assets
€40,097
Equity and liabilities €40,611
Equity
€34,967 ▲ 154%
Debt
€5,644 ▲ 6.4%
Debt's share of the balance-sheet total falls from 27.8% to 13.9%. Equity and debt are higher.
Key figures and ratios
ROE
60.6%▲
2024 · -204.6%
Debt ≤ 1 year
€5,644▲
2024 · €5,305
Income taxes
€194▲
2024 · €188
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €643 |
| Depreciation and write-downs of the year | €4,529 | - | - | - | €129 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,529 | €4,529 | €4,529 | €4,529 | - | - | - | €129 | - |
| Other operating charges640/8 | - | - | - | €931 | €6,363 | €513 | €531 | €997 | ▲ 87.7% |
| Non-recurring operating charges66A | - | - | - | - | €3,996 | - | - | - | - |
| Gross operating margin9900 | €31,654 | €13,524 | €24,552 | €34,000 | €33,640 | €603 | -€28,297 | €22,982 | - |
| Operating profit (loss)9901 | €26,527 | €8,110 | €19,137 | €28,540 | €23,281 | €90 | -€28,828 | €21,855 | - |
| Financial income75/76B | - | - | - | €26 | €34 | - | €1,608 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €0 | €26 | €34 | - | €1,608 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €137 | €103 | €71 | €803 | €483 | ▼ 39.8% |
| Recurring financial charges65 | €392 | €287 | €223 | €137 | €103 | €71 | €803 | €483 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | €26,135 | €7,823 | €18,914 | €28,430 | €23,212 | €19 | -€28,023 | €21,372 | - |
| Income taxes67/77 | €3,466 | €2,582 | €4,408 | €6,785 | €6,648 | €284 | €188 | €194 | ▲ 3.5% |
| Profit (loss) for the period9904 | €22,669 | €5,241 | €14,506 | €21,644 | €16,565 | -€265 | -€28,211 | €21,178 | - |
| Profit (loss) for the period to be appropriated9905 | €22,669 | €5,241 | €14,506 | €21,644 | €16,565 | -€265 | -€28,211 | €21,178 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €40,108 | €49,732 | €61,999 | €63,869 | €67,841 | €55,093 | €19,095 | €40,611 | ▲ 113% |
| Fixed assets21/28 | €13,587 | €9,058 | €4,529 | - | - | - | - | €514 | - |
| Tangible fixed assets22/27 | €13,587 | €9,058 | €4,529 | - | - | - | - | €514 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €514 | - |
| Current assets29/58 | €26,522 | €40,674 | €57,470 | €63,869 | €67,841 | €55,093 | €19,095 | €40,097 | ▲ 110% |
| Amounts receivable within one year40/41 | €3,872 | €37,179 | €44,540 | €60,456 | €65,029 | €55,093 | €12,177 | €33,682 | ▲ 177% |
| Trade receivables40 | - | - | - | €60,456 | €63,658 | €55,093 | €11,350 | €32,420 | ▲ 186% |
| Other amounts receivable41 | - | - | - | - | €1,372 | - | €827 | €1,262 | ▲ 52.6% |
| Current investments50/53 | €7,686 | €3,494 | €12,931 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €3,414 | €2,812 | - | €6,618 | €6,415 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €300 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €40,108 | €49,732 | €61,999 | €63,869 | €67,841 | €55,093 | €19,095 | €40,611 | ▲ 113% |
| Equity10/15 | €22,075 | €27,316 | €19,501 | €19,501 | €36,066 | €35,800 | €13,790 | €34,967 | ▲ 154% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €9,675 | €14,916 | €7,101 | €7,101 | €23,666 | €23,666 | €23,666 | €23,666 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €5,241 | €21,806 | €21,806 | €21,806 | €21,806 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€265 | -€28,476 | -€7,298 | ▲ 74.4% |
| Amounts payable17/49 | €18,033 | €22,415 | €42,498 | €44,368 | €31,775 | €19,293 | €5,305 | €5,644 | ▲ 6.4% |
| Amounts payable after more than one year17 | €12,792 | €8,668 | €4,096 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €5,241 | €13,747 | €33,362 | €44,368 | €31,775 | €19,293 | €5,305 | €5,644 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,712 | - | - | - | - | - |
| Trade debts44 | €596 | €3,738 | €4,426 | €4,289 | €8,824 | €2,179 | €1,687 | €1,354 | ▼ 19.8% |
| Suppliers440/4 | - | - | - | €4,289 | €8,824 | €2,179 | €1,687 | €1,354 | ▼ 19.8% |
| Taxes, remuneration and social security45 | - | - | - | €17,767 | €9,408 | €4,096 | €3,582 | €4,290 | ▲ 19.8% |
| Taxes450/3 | - | - | - | €17,767 | €9,408 | €4,096 | €3,582 | €2,633 | ▼ 26.5% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €1,657 | - |
| Other amounts payable47/48 | - | - | - | €18,601 | €13,543 | €13,018 | €36 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,669 | €5,241 | €14,506 | €21,644 | €16,565 | -€265 | -€28,211 | €21,178 | - |
| + Depreciation and write-downs630 | €4,529 | €4,529 | €4,529 | €4,529 | - | - | - | €129 | - |
| Operating cash flow (approximation) | €27,198 | €9,770 | €19,035 | €26,173 | €16,565 | -€265 | -€28,211 | €21,307 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | - | - |
| Change in cash | - | - | - | - | -€602 | - | - | -€203 | - |
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 (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-06-2026 | 2026-00150052 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00182172 | |
| 31-12-2023 | micro format | 20-05-2025 | 2025-00106069 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00228230 | |
| 31-12-2021 | micro format | 15-06-2022 | 2022-20067203 | |
| 31-12-2020 | abbreviated format | 20-08-2021 | 2021-50900415 | |
| 31-12-2019 | micro format | 18-08-2020 | 2020-42500324 | |
| 31-12-2018 | micro format | 13-06-2019 | 2019-18300549 | |
| 31-12-2017 | micro format | 21-06-2018 | 2018-21800416 |