Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 10 filings
Equity
€588,329▲ 16.8%
2024 · €503,921
Net result
€129,408▼ 44.8%
2024 · €234,453
Total assets
€2.4m▲ 1.1%
2024 · €2.4m
Solvency
24.5%▲ 3.3pp
2024 · 21.2%
In the rankings
#4 company by equity in Binche, Finance and insurance sector#5 company by total assets in Binche, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€182,034
▼ 47.2%
2025
20182025
Net result
€129,408
▼ 44.8%
2025
middle half of the sector
20182025
Equity
€588,329
▲ 16.8%
2025
middle half of the sector
20182025
Total assets
€2.4m
▲ 1.1%
2025
middle half of the sector
20182025
Debt
€1.8m
▼ 4.6%
2025
20182025
Working capital
€283,133
▲ 147%
2025
highest quarter of the sector
20182025
Solvency
24.5%
▲ 3.3pp
2025
middle half of the sector
20182025
Current ratio
1.74
▲ 0.43
2025
middle half of the sector
20182025
Return on assets (ROA)
5.4%
▼ 4.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.04m-€0.02m▼ 46.9%€0.02m▼ 16.3%€0.03m▲ 68.5%€0.1m▲ 298%€0.07m▼ 48.2%€0.3m▲ 420%€0.2m▼ 47.2%
Net result€0.02m--€0.006m€0.001mbelow the sector's middle half€0.02mwithin the sector's middle half▲ 11×€0.07mwithin the sector's middle half▲ 301%€0.02mwithin the sector's middle half▼ 66.2%€0.2mwithin the sector's middle half▲ 917%€0.1mwithin the sector's middle half▼ 44.8%
Equity€0.2m-€0.2m▼ 4.3%€0.2mwithin the sector's middle half▲ 0.8%€0.2mwithin the sector's middle half▲ 8.9%€0.3mwithin the sector's middle half▲ 32.7%€0.3mbelow the sector's middle half▲ 8.3%€0.5mwithin the sector's middle half▲ 68.3%€0.6mwithin the sector's middle half▲ 16.8%
Total assets€0.8m-€0.8m▲ 1.2%€0.9mwithin the sector's middle half▲ 3.8%€1.4mabove the sector's middle half▲ 65.8%€1.9mabove the sector's middle half▲ 35.2%€2.5mwithin the sector's middle half▲ 29.5%€2.4mwithin the sector's middle half▼ 3.8%€2.4mwithin the sector's middle half▲ 1.1%
Debt€0.6m-€0.6m▲ 3.0%€0.7m▲ 4.8%€1.2m▲ 82.3%€1.6m▲ 35.6%€2.2m▲ 33.1%€1.8m▼ 15.2%€1.8m▼ 4.6%
Working capital-€0.07m--€0.1m▼ 81.0%-€0.2mbelow the sector's middle half▼ 23.4%-€0.06mbelow the sector's middle half▲ 63.9%-€0.01mwithin the sector's middle half▲ 78.9%-€0.09mwithin the sector's middle half▼ 689%€0.1mwithin the sector's middle half€0.3mabove the sector's middle half▲ 147%
Solvency24.5%-23.2%▼ 1.3pp22.5%below the sector's middle half▼ 0.7pp14.8%below the sector's middle half▼ 7.7pp14.5%below the sector's middle half▼ 0.3pp12.1%below the sector's middle half▼ 2.4pp21.2%below the sector's middle half▲ 9.1pp24.5%within the sector's middle half▲ 3.3pp
Current ratio0.46-0.18▼ 0.280.10below the sector's middle half▼ 0.080.79within the sector's middle half▲ 0.690.93within the sector's middle half▲ 0.140.84within the sector's middle half▼ 0.091.31within the sector's middle half▲ 0.461.74within the sector's middle half▲ 0.43
Return on assets (ROA)1.9%--0.7%▼ 2.6pp0.2%below the sector's middle half▲ 0.9pp1.2%within the sector's middle half▲ 1.0pp3.6%within the sector's middle half▲ 2.4pp0.9%within the sector's middle half▼ 2.6pp9.9%above the sector's middle half▲ 8.9pp5.4%within the sector's middle half▼ 4.5pp
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 47% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€1.7m ▼ 8.2%
Current assets
€667,915 ▲ 37.0%
Equity and liabilities €2.4m
Equity
€588,329 ▲ 16.8%
Provisions
€56,744 ▲ 82.5%
Debt
€1.8m ▼ 4.6%
Debt's share of the balance-sheet total falls from 77.5% to 73.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
22.0%▼
2024 · 46.5%
Debt ≤ 1 year
€384,783▲
2024 · €372,797
Debt > 1 year
€1.4m▼
2024 · €1.5m
Income taxes
€3,899▼
2024 · €35,619
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €526,500 | €526,500 | €526,500 | €526,500 |
| Carrying value of the mortgaged assets | - | €1.3m | €1.3m | €1.2m | €1.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €550,655 | €583,400 | €223,797 | €8,455 | - |
| Financial fixed assets | - | - | €50,000 | €50,000 | - |
| Depreciation and write-downs of the year | €43,611 | €55,580 | €62,859 | €59,657 | €60,223 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €128,393 | €102,582 | ▼ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,294 | €16,781 | €16,079 | €43,611 | €55,580 | €62,859 | €59,657 | €60,223 | ▲ 0.9% |
| Other operating charges640/8 | - | - | - | €9,080 | €52,307 | €48,708 | €20,100 | €12,939 | ▼ 35.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €27,807 | - |
| Gross operating margin9900 | €68,904 | €57,991 | €45,522 | €84,843 | €235,993 | €177,962 | €424,687 | €283,003 | ▼ 33.4% |
| Operating profit (loss)9901 | €42,945 | €22,803 | €19,080 | €32,152 | €128,107 | €66,394 | €344,930 | €182,034 | ▼ 47.2% |
| Financial income75/76B | - | - | - | €1,847 | €0 | €3,692 | €20,690 | €21,477 | ▲ 3.8% |
| Recurring financial income75 | €0 | €1 | €0 | €1,847 | €0 | €3,692 | €20,690 | €21,477 | ▲ 3.8% |
| Financial charges65/66B | - | - | - | €15,309 | €27,095 | €36,577 | €64,451 | €44,558 | ▼ 30.9% |
| Recurring financial charges65 | €19,302 | €28,810 | €18,497 | €15,309 | €27,095 | €36,577 | €64,451 | €44,558 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €23,644 | -€6,006 | €583 | €18,690 | €101,012 | €33,509 | €301,170 | €158,953 | ▼ 47.2% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €31,098 | €25,646 | ▼ 17.5% |
| Income taxes67/77 | €8,200 | - | -€909 | €1,708 | €32,849 | €10,446 | €35,619 | €3,899 | ▼ 89.1% |
| Profit (loss) for the period9904 | €15,444 | -€6,006 | €1,492 | €16,982 | €68,163 | €23,062 | €234,453 | €129,408 | ▼ 44.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €93,294 | €76,937 | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €15,444 | -€6,006 | €1,492 | €16,982 | €68,163 | €23,062 | €141,158 | €52,471 | ▼ 62.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.9m | €1.4m | €1.9m | €2.5m | €2.4m | €2.4m | ▲ 1.1% |
| Fixed assets21/28 | €0.7m | €0.8m | €0.8m | €1.2m | €1.7m | €2.0m | €1.9m | €1.7m | ▼ 8.2% |
| Tangible fixed assets22/27 | €0.7m | €0.8m | €0.8m | €1.2m | €1.7m | €1.9m | €1.8m | €1.6m | ▼ 8.6% |
| Land and buildings22 | - | - | - | €1.2m | €1.7m | €1.9m | €1.8m | €1.6m | ▼ 8.6% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.005m | €0.004m | €0.003m | €0.003m | ▼ 23.2% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.004m | - | €0.001m | €0.001m | ▼ 20.7% |
| Assets under construction and advance payments27 | - | - | - | €0.002m | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | €0.05m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.06m | €0.03m | €0.02m | €0.2m | €0.2m | €0.5m | €0.5m | €0.7m | ▲ 37.0% |
| Stocks and contracts in progress3 | - | - | - | - | €0.1m | €0.1m | €0.004m | €0.003m | ▼ 13.8% |
| Stocks30/36 | - | - | - | - | €0.1m | €0.1m | €0.004m | €0.003m | ▼ 13.8% |
| Amounts receivable within one year40/41 | €0.004m | €0.009m | €326 | €0.02m | €0.004m | €0.4m | €0.4m | €0.6m | ▲ 39.3% |
| Trade receivables40 | - | - | - | €0.01m | €0.004m | €0.01m | €0.006m | €0.01m | ▲ 132% |
| Other amounts receivable41 | - | - | - | €0.005m | €5 | €0.4m | €0.4m | €0.6m | ▲ 37.9% |
| Current investments50/53 | €0.005m | €0.005m | €0.005m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.01m | €0.009m | €0.2m | €0.05m | €0.01m | €0.04m | €0.04m | ▼ 4.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.007m | €0.005m | €0.03m | €0.04m | ▲ 73.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.9m | €1.4m | €1.9m | €2.5m | €2.4m | €2.4m | ▲ 1.1% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.6m | ▲ 16.8% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.1m | €0.2m | ▲ 80.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | €0.09m | €0.2m | ▲ 82.5% |
| Distributable reserves133 | - | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.05m | €0.04m | €0.04m | €0.06m | €0.1m | €0.1m | €0.3m | €0.3m | ▲ 2.9% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.03m | €0.06m | ▲ 82.5% |
| Deferred taxes168 | - | - | - | - | - | - | €0.03m | €0.06m | ▲ 82.5% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.7m | €1.2m | €1.6m | €2.2m | €1.8m | €1.8m | ▼ 4.6% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.5m | €0.9m | €1.5m | €1.6m | €1.5m | €1.4m | ▼ 6.5% |
| Financial debts170/4 | - | - | - | €0.9m | €1.5m | €1.6m | €1.5m | €1.4m | ▼ 6.5% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | €0.6m | €0.4m | €0.4m | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.09m | €0.1m | €0.1m | ▲ 0.2% |
| Financial debts43 | - | - | - | - | - | €0.4m | €0.2m | €0.2m | ▼ 7.0% |
| Credit institutions430/8 | - | - | - | - | - | €0.4m | €0.2m | €0.2m | ▼ 7.0% |
| Trade debts44 | €0.02m | €0.02m | €0.01m | €0.009m | €0.006m | €0.01m | €0.001m | €0.009m | ▲ 831% |
| Suppliers440/4 | - | - | - | €0.009m | €0.006m | €0.01m | €0.001m | €0.009m | ▲ 831% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.04m | €0.05m | €0.02m | €0.03m | ▲ 15.2% |
| Taxes450/3 | - | - | - | €0.008m | €0.04m | €0.04m | €0.02m | €0.03m | ▲ 31.0% |
| Remuneration and social security454/9 | - | - | - | €0.002m | - | €0.003m | €0.004m | €0.002m | ▼ 57.1% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.05m | €0.05m | €0.04m | €0.05m | ▲ 41.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | - | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,444 | -€6,006 | €1,492 | €16,982 | €68,163 | €23,062 | €234,453 | €129,408 | ▼ 44.8% |
| + Depreciation and write-downs630 | €13,294 | €16,781 | €16,079 | €43,611 | €55,580 | €62,859 | €59,657 | €60,223 | ▲ 0.9% |
| Operating cash flow (approximation) | €28,738 | €10,775 | €17,570 | €60,593 | €123,743 | €85,922 | €294,109 | €189,631 | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | -€58,168 | -€58,402 | -€411,421 | -€600,263 | -€273,797 | €8,415 | €93,967 | ▲ 11× |
| Change in cash | - | -€38,344 | -€2,728 | €168,822 | -€130,517 | -€37,395 | €30,807 | -€1,983 | - |
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 (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00318467 | |
| 31-12-2024 | full format | 08-06-2025 | 2025-00138085 | |
| 31-12-2023 | full format | 08-06-2024 | 2024-00119726 | |
| 31-12-2022 | micro format | 16-07-2023 | 2023-00239161 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20362780 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22600083 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22800147 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22500104 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25900103 | |
| 31-12-2016 | full format | 25-09-2017 | 2017-63200459 |