LR
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00417219.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 17 filings
Equity
-€40,914▲ 2.5%
2024 · -€41,975
Net result
€1,060▲ 247×
2024 · €4
Total assets
€5,396▼ 8.3%
2024 · €5,882
Solvency
-758.3%▼ 44.7pp
2024 · -713.6%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€1,644
▲ 692%
2025
20182025
Net result
€1,060
▲ 247×
2025
lowest quarter of the sector
20182025
Equity
-€40,914
▲ 2.5%
2025
lowest quarter of the sector
20182025
Total assets
€5,396
▼ 8.3%
2025
lowest quarter of the sector
20182025
Debt
€46,310
▼ 3.2%
2025
20182025
Working capital
-€43,480
▲ 5.6%
2025
lowest quarter of the sector
20182025
Solvency
-758.3%
▼ 44.7pp
2025
lowest quarter of the sector
20182025
Current ratio
0.06
▲ 0.02
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
19.6%
▲ 19.6pp
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-€1,467-€4,855€8,492▲ 74.9%€1,389▼ 83.6%€349▼ 74.9%€268▼ 23.2%€208▼ 22.5%€1,644▲ 692%
Net result-€1,467-€4,531€8,492within the sector's middle half▲ 87.4%€1,002below the sector's middle half▼ 88.2%€103below the sector's middle half▼ 89.7%€31below the sector's middle half▼ 70.0%€4below the sector's middle half▼ 86.1%€1,060below the sector's middle half▲ 247×
Equity-€56,139--€51,608▲ 8.1%-€43,116below the sector's middle half▲ 16.5%-€42,113below the sector's middle half▲ 2.3%-€42,010below the sector's middle half▲ 0.2%-€41,979below the sector's middle half▲ 0.1%-€41,975below the sector's middle half=-€40,914below the sector's middle half▲ 2.5%
Total assets€39-€2,611▲ 67×€5,304below the sector's middle half▲ 103%€265below the sector's middle half▼ 95.0%€133below the sector's middle half▼ 50.0%€147below the sector's middle half▲ 10.7%€5,882below the sector's middle half▲ 40×€5,396below the sector's middle half▼ 8.3%
Debt€56,178-€54,218▼ 3.5%€48,420▼ 10.7%€42,378▼ 12.5%€42,143▼ 0.6%€42,126=€47,857▲ 13.6%€46,310▼ 3.2%
Working capital-€56,139--€51,608▲ 8.1%-€43,116within the sector's middle half▲ 16.5%-€42,113below the sector's middle half▲ 2.3%-€41,608below the sector's middle half▲ 1.2%-€41,942below the sector's middle half▼ 0.8%-€46,046below the sector's middle half▼ 9.8%-€43,480below the sector's middle half▲ 5.6%
Solvency-145024.7%--1976.8%▲ 143047.8pp-812.8%below the sector's middle half▲ 1164.0pp-15886.4%below the sector's middle half▼ 15073.6pp-31669.8%below the sector's middle half▼ 15783.4pp-28594.1%below the sector's middle half▲ 3075.7pp-713.6%below the sector's middle half▲ 27880.5pp-758.3%below the sector's middle half▼ 44.7pp
Current ratio0.11below the sector's middle half0.04below the sector's middle half0.06below the sector's middle half▲ 0.02
Return on assets (ROA)160.1%above the sector's middle half0.1%below the sector's middle half19.6%within the sector's middle half▲ 19.6pp
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 7.9 times that of 2024 and the highest since 2021. It is a recovery after the fall 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 €5,396
Fixed assets
€2,566 ▼ 37.0%
Current assets
€2,830 ▲ 56.3%
Equity and liabilities
Equity-€40,914
Debt€46,310
Equity is negative. Debt (€46,310) exceeds the balance-sheet total (€5,396).
Key figures and ratios
Debt ≤ 1 year
€46,310▼
2024 · €47,857
Income taxes
€395▲
2024 · €0
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 | - | - | - | €4,518 | - |
| Depreciation and write-downs of the year | - | - | - | €446 | €1,506 |
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 | - | - | - | - | - | - | €446 | €1,506 | ▲ 237% |
| Other operating charges640/8 | - | - | - | €522 | €507 | €740 | €585 | €585 | = |
| Gross operating margin9900 | -€1,371 | €4,953 | €8,622 | €1,911 | €855 | €1,008 | €1,239 | €3,735 | ▲ 201% |
| Operating profit (loss)9901 | -€1,467 | €4,855 | €8,492 | €1,389 | €349 | €268 | €208 | €1,644 | ▲ 692% |
| Recurring financial income75 | - | - | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €208 | €208 | €208 | €203 | €188 | ▼ 7.3% |
| Recurring financial charges65 | - | €323 | €0 | €208 | €208 | €208 | €203 | €188 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | -€1,467 | €4,531 | €8,492 | €1,182 | €141 | €60 | €4 | €1,455 | ▲ 338× |
| Income taxes67/77 | - | - | - | €179 | €38 | €29 | €0 | €395 | - |
| Profit (loss) for the period9904 | -€1,467 | €4,531 | €8,492 | €1,002 | €103 | €31 | €4 | €1,060 | ▲ 247× |
| Profit (loss) for the period to be appropriated9905 | -€1,467 | €4,531 | €8,492 | €1,002 | €103 | €31 | €4 | €1,060 | ▲ 247× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €39 | €2,611 | €5,304 | €265 | €133 | €147 | €5,882 | €5,396 | ▼ 8.3% |
| Fixed assets21/28 | - | - | - | - | - | - | €4,072 | €2,566 | ▼ 37.0% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €4,072 | €2,566 | ▼ 37.0% |
| Furniture and vehicles24 | - | - | - | - | - | - | €4,072 | €2,566 | ▼ 37.0% |
| Current assets29/58 | €39 | €2,611 | €5,304 | €265 | €133 | €147 | €1,810 | €2,830 | ▲ 56.3% |
| Amounts receivable within one year40/41 | - | €972 | - | - | €100 | €0 | €303 | €503 | ▲ 66.1% |
| Trade receivables40 | - | - | - | - | €100 | €0 | €303 | €503 | ▲ 66.1% |
| Cash at bank and in hand54/58 | €39 | €1,638 | €5,304 | €265 | €33 | €117 | €1,352 | €2,022 | ▲ 49.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €29 | €156 | €306 | ▲ 95.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €39 | €2,611 | €5,304 | €265 | €133 | €147 | €5,882 | €5,396 | ▼ 8.3% |
| Equity10/15 | -€56,139 | -€51,608 | -€43,116 | -€42,113 | -€42,010 | -€41,979 | -€41,975 | -€40,914 | ▲ 2.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €244,438 | €244,438 | €244,438 | €244,438 | €244,438 | €244,438 | €244,438 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €242,578 | €242,578 | €244,438 | €244,438 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€306,777 | -€302,246 | -€293,754 | -€292,751 | -€292,648 | -€292,617 | -€292,613 | -€47,114 | ▲ 83.9% |
| Amounts payable17/49 | €56,178 | €54,218 | €48,420 | €42,378 | €42,143 | €42,126 | €47,857 | €46,310 | ▼ 3.2% |
| Amounts payable within one year42/48 | €56,178 | €54,218 | €48,420 | €42,378 | €41,741 | €42,089 | €47,857 | €46,310 | ▼ 3.2% |
| Trade debts44 | - | - | - | €137 | €303 | €265 | €3,383 | €1,438 | ▼ 57.5% |
| Suppliers440/4 | - | - | - | €137 | €303 | €265 | €3,383 | €1,438 | ▼ 57.5% |
| Taxes, remuneration and social security45 | - | - | - | €179 | €217 | €29 | €80 | €395 | ▲ 395% |
| Taxes450/3 | - | - | - | €179 | €217 | €29 | €80 | €395 | ▲ 395% |
| Other amounts payable47/48 | - | - | - | €42,062 | €41,222 | €41,794 | €44,394 | €44,478 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €402 | €37 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,467 | €4,531 | €8,492 | €1,002 | €103 | €31 | €4 | €1,060 | ▲ 247× |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €446 | €1,506 | ▲ 237% |
| Operating cash flow (approximation) | -€1,467 | €4,531 | €8,492 | €1,002 | €103 | €31 | €451 | €2,566 | ▲ 469% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | - | €0 | - |
| Change in cash | - | €1,600 | €3,666 | -€5,039 | -€232 | €85 | €1,234 | €670 | ▼ 45.7% |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00417219 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00452939 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00349151 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00318014 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20140583 | |
| 31-12-2020 | abbreviated format | 20-07-2021 | 2021-37700009 | |
| 31-12-2019 | abbreviated format | 10-08-2020 | 2020-40100395 | |
| 31-12-2018 | abbreviated format | 22-08-2019 | 2019-49400395 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35900437 | |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-32700582 |