Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-04-2026 PDF all 3 filings
Equity
€272,367▲ 94.2%
2024 · €140,238
Net result
€132,130▲ 12.3%
2024 · €117,688
Total assets
€347,644▲ 84.0%
2024 · €188,907
Solvency
78.3%▲ 4.1pp
2024 · 74.2%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€169,584
▲ 12.8%
2025
20232025
Net result
€132,130
▲ 12.3%
2025
highest quarter of the sector
20232025
Equity
€272,367
▲ 94.2%
2025
middle half of the sector
20232025
Total assets
€347,644
▲ 84.0%
2025
middle half of the sector
20232025
Debt
€75,276
▲ 54.7%
2025
20232025
Working capital
€272,367
▲ 94.2%
2025
highest quarter of the sector
20232025
Solvency
78.3%
▲ 4.1pp
2025
highest quarter of the sector
20232025
Current ratio
4.62
▲ 0.74
2025
highest quarter of the sector
20232025
Return on assets (ROA)
38.0%
▼ 24.3pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€24,453-€150,307▲ 515%€169,584▲ 12.8%
Net result€19,550within the sector's middle half-€117,688above the sector's middle half▲ 502%€132,130above the sector's middle half▲ 12.3%
Equity€22,550below the sector's middle half-€140,238within the sector's middle half▲ 522%€272,367within the sector's middle half▲ 94.2%
Total assets€62,716below the sector's middle half-€188,907within the sector's middle half▲ 201%€347,644within the sector's middle half▲ 84.0%
Debt€40,166-€48,669▲ 21.2%€75,276▲ 54.7%
Working capital€22,550within the sector's middle half-€140,238within the sector's middle half▲ 522%€272,367above the sector's middle half▲ 94.2%
Solvency36.0%within the sector's middle half-74.2%within the sector's middle half▲ 38.3pp78.3%above the sector's middle half▲ 4.1pp
Current ratio1.56within the sector's middle half-3.88within the sector's middle half▲ 2.324.62above the sector's middle half▲ 0.74
Return on assets (ROA)31.2%above the sector's middle half-62.3%above the sector's middle half▲ 31.1pp38.0%above the sector's middle half▼ 24.3pp
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 13% 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
Equity and liabilities €347,644
Equity
€272,367 ▲ 94.2%
Debt
€75,276 ▲ 54.7%
Debt's share of the balance-sheet total falls from 25.8% to 21.7%. Equity and debt are higher.
Key figures and ratios
ROE
48.5%▼
2024 · 83.9%
Debt ≤ 1 year
€75,276▲
2024 · €48,669
Income taxes
€37,377▲
2024 · €32,563
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €534 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €24,987 | €150,821 | €170,111 | ▲ 12.8% |
| Operating profit (loss)9901 | €24,453 | €150,307 | €169,584 | ▲ 12.8% |
| Financial charges65/66B | €15 | €57 | €78 | ▲ 35.5% |
| Recurring financial charges65 | €15 | €57 | €78 | ▲ 35.5% |
| Profit (loss) for the period before taxes9903 | €24,438 | €150,250 | €169,506 | ▲ 12.8% |
| Income taxes67/77 | €4,888 | €32,563 | €37,377 | ▲ 14.8% |
| Profit (loss) for the period9904 | €19,550 | €117,688 | €132,130 | ▲ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €19,550 | €117,688 | €132,130 | ▲ 12.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62,716 | €188,907 | €347,644 | ▲ 84.0% |
| Current assets29/58 | €62,716 | €188,907 | €347,644 | ▲ 84.0% |
| Amounts receivable within one year40/41 | - | €50,015 | €249,228 | ▲ 398% |
| Trade receivables40 | - | €50,000 | €20,000 | ▼ 60.0% |
| Other amounts receivable41 | - | €15 | €229,228 | ▲ 15,282× |
| Cash at bank and in hand54/58 | €12,716 | €138,892 | €98,416 | ▼ 29.1% |
| Deferred charges and accrued income490/1 | €50,000 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62,716 | €188,907 | €347,644 | ▲ 84.0% |
| Equity10/15 | €22,550 | €140,238 | €272,367 | ▲ 94.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €19,550 | €137,238 | €269,367 | ▲ 96.3% |
| Amounts payable17/49 | €40,166 | €48,669 | €75,276 | ▲ 54.7% |
| Amounts payable within one year42/48 | €40,166 | €48,669 | €75,276 | ▲ 54.7% |
| Trade debts44 | €30,278 | €219 | €337 | ▲ 54.0% |
| Suppliers440/4 | €30,278 | €219 | €337 | ▲ 54.0% |
| Taxes, remuneration and social security45 | €9,888 | €48,450 | €74,939 | ▲ 54.7% |
| Taxes450/3 | €4,888 | €43,450 | €69,939 | ▲ 61.0% |
| Remuneration and social security454/9 | €5,000 | €5,000 | €5,000 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,550 | €117,688 | €132,130 | ▲ 12.3% |
| Operating cash flow (approximation) | €19,550 | €117,688 | €132,130 | ▲ 12.3% |
| Change in cash | - | €126,176 | -€40,476 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.