Financials · financial year 2025, micro format
Annual accounts 2025 filed on 21-05-2026 PDF all 8 filings
Equity
€44,590▲ 57.0%
2024 · €28,405
Net result
€27,950▲ 147%
2024 · €11,322
Total assets
€66,906▲ 95.5%
2024 · €34,228
Solvency
66.6%▼ 16.3pp
2024 · 83.0%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€35,228
▲ 130%
2025
20182025
Net result
€27,950
▲ 147%
2025
middle half of the sector
20182025
Equity
€44,590
▲ 57.0%
2025
middle half of the sector
20182025
Total assets
€66,906
▲ 95.5%
2025
lowest quarter of the sector
20182025
Debt
€22,316
▲ 283%
2025
20182025
Working capital
€44,590
▲ 57.0%
2025
middle half of the sector
20182025
Solvency
66.6%
▼ 16.3pp
2025
middle half of the sector
20182025
Current ratio
3.00
▼ 2.88
2025
middle half of the sector
20182025
Return on assets (ROA)
41.8%
▲ 8.7pp
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€1,262-€2,519▲ 99.6%-€5,642€10,343€1,867▼ 82.0%€11,404▲ 511%€15,298▲ 34.1%€35,228▲ 130%
Net result€670-€1,860▲ 178%-€6,015below the sector's middle half€8,482within the sector's middle half€1,096below the sector's middle half▼ 87.1%€6,440within the sector's middle half▲ 488%€11,322within the sector's middle half▲ 75.8%€27,950within the sector's middle half▲ 147%
Equity€13,070-€14,930▲ 14.2%€8,914below the sector's middle half▼ 40.3%€23,546below the sector's middle half▲ 164%€10,642below the sector's middle half▼ 54.8%€17,082below the sector's middle half▲ 60.5%€28,405below the sector's middle half▲ 66.3%€44,590within the sector's middle half▲ 57.0%
Total assets€22,459-€17,862▼ 20.5%€24,407below the sector's middle half▲ 36.6%€30,656below the sector's middle half▲ 25.6%€20,001below the sector's middle half▼ 34.8%€26,946below the sector's middle half▲ 34.7%€34,228below the sector's middle half▲ 27.0%€66,906below the sector's middle half▲ 95.5%
Debt€9,389-€2,932▼ 68.8%€15,493▲ 428%€7,109▼ 54.1%€9,359▲ 31.6%€9,864▲ 5.4%€5,823▼ 41.0%€22,316▲ 283%
Working capital€13,070-€14,930▲ 14.2%€8,914within the sector's middle half▼ 40.3%€23,546within the sector's middle half▲ 164%€10,642within the sector's middle half▼ 54.8%€17,082within the sector's middle half▲ 60.5%€28,405within the sector's middle half▲ 66.3%€44,590within the sector's middle half▲ 57.0%
Solvency58.2%-83.6%▲ 25.4pp36.5%within the sector's middle half▼ 47.1pp76.8%above the sector's middle half▲ 40.3pp53.2%within the sector's middle half▼ 23.6pp63.4%within the sector's middle half▲ 10.2pp83.0%above the sector's middle half▲ 19.6pp66.6%within the sector's middle half▼ 16.3pp
Current ratio2.39-6.09▲ 3.701.58within the sector's middle half▼ 4.524.31above the sector's middle half▲ 2.742.14within the sector's middle half▼ 2.182.73within the sector's middle half▲ 0.595.88above the sector's middle half▲ 3.153.00within the sector's middle half▼ 2.88
Return on assets (ROA)3.0%-10.4%▲ 7.4pp-24.6%below the sector's middle half▼ 35.1pp27.7%above the sector's middle half▲ 52.3pp5.5%within the sector's middle half▼ 22.2pp23.9%within the sector's middle half▲ 18.4pp33.1%above the sector's middle half▲ 9.2pp41.8%above the sector's middle half▲ 8.7pp
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 130% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
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
Equity and liabilities €66,906
Equity
€44,590 ▲ 57.0%
Debt
€22,316 ▲ 283%
Debt's share of the balance-sheet total rises from 17.0% to 33.4%. Equity and debt are higher.
Key figures and ratios
ROE
62.7%▲
2024 · 39.9%
Debt ≤ 1 year
€22,316▲
2024 · €5,823
Income taxes
€8,419▲
2024 · €4,563
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €14,606 | €550 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €749 | €444 | €1,373 | €865 | €1,913 | ▲ 121% |
| Gross operating margin9900 | €1,485 | €2,654 | -€4,453 | €25,697 | €2,861 | €12,777 | €16,163 | €37,141 | ▲ 130% |
| Operating profit (loss)9901 | €1,262 | €2,519 | -€5,642 | €10,343 | €1,867 | €11,404 | €15,298 | €35,228 | ▲ 130% |
| Financial income75/76B | - | - | - | - | €0 | €511 | €1,197 | €1,307 | ▲ 9.2% |
| Recurring financial income75 | - | - | €0 | - | €0 | €511 | €1,197 | €1,307 | ▲ 9.2% |
| Financial charges65/66B | - | - | - | €81 | €86 | €874 | €609 | €166 | ▼ 72.8% |
| Recurring financial charges65 | €16 | €83 | €59 | €81 | €86 | €874 | €609 | €166 | ▼ 72.8% |
| Profit (loss) for the period before taxes9903 | €1,246 | €2,436 | -€5,701 | €10,261 | €1,781 | €11,041 | €15,886 | €36,369 | ▲ 129% |
| Income taxes67/77 | €576 | €576 | €314 | €1,779 | €685 | €4,601 | €4,563 | €8,419 | ▲ 84.5% |
| Profit (loss) for the period9904 | €670 | €1,860 | -€6,015 | €8,482 | €1,096 | €6,440 | €11,322 | €27,950 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €670 | €1,860 | -€6,015 | €8,482 | €1,096 | €6,440 | €11,322 | €27,950 | ▲ 147% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €22,459 | €17,862 | €24,407 | €30,656 | €20,001 | €26,946 | €34,228 | €66,906 | ▲ 95.5% |
| Current assets29/58 | €22,459 | €17,862 | €24,407 | €30,656 | €20,001 | €26,946 | €34,228 | €66,906 | ▲ 95.5% |
| Amounts receivable within one year40/41 | €14,157 | €3,000 | €1,652 | €7,435 | €1,358 | €17,949 | €22,046 | €26,956 | ▲ 22.3% |
| Trade receivables40 | - | - | - | €363 | - | - | - | €1,134 | - |
| Other amounts receivable41 | - | - | - | €7,072 | €1,358 | €17,949 | €22,046 | €25,822 | ▲ 17.1% |
| Cash at bank and in hand54/58 | €8,302 | €12,786 | €11,634 | €12,099 | €18,643 | €8,675 | €11,843 | €39,950 | ▲ 237% |
| Deferred charges and accrued income490/1 | - | - | - | €11,122 | - | €323 | €339 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €22,459 | €17,862 | €24,407 | €30,656 | €20,001 | €26,946 | €34,228 | €66,906 | ▲ 95.5% |
| Equity10/15 | €13,070 | €14,930 | €8,914 | €23,546 | €10,642 | €17,082 | €28,405 | €44,590 | ▲ 57.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €18,550 | - | - | - | - | - |
| Reserves13 | €670 | €1,855 | €1,855 | €1,855 | €6,405 | €6,405 | €6,405 | €6,405 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €6,405 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Other1319 | - | - | - | - | €4,550 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €6,405 | €6,405 | €6,405 | = |
| Profit (loss) carried forward14 | - | €675 | -€5,341 | €3,141 | €4,237 | €10,677 | €22,000 | €38,185 | ▲ 73.6% |
| Amounts payable17/49 | €9,389 | €2,932 | €15,493 | €7,109 | €9,359 | €9,864 | €5,823 | €22,316 | ▲ 283% |
| Amounts payable within one year42/48 | €9,389 | €2,932 | €15,493 | €7,109 | €9,359 | €9,864 | €5,823 | €22,316 | ▲ 283% |
| Trade debts44 | €1,303 | €739 | €6,195 | €300 | €1,644 | €1,543 | €387 | €1,065 | ▲ 175% |
| Suppliers440/4 | - | - | - | €300 | €1,644 | €1,543 | €387 | €1,065 | ▲ 175% |
| Taxes, remuneration and social security45 | - | - | - | €6,809 | €7,715 | €8,321 | €5,436 | €11,252 | ▲ 107% |
| Taxes450/3 | - | - | - | €6,753 | €7,715 | €8,321 | €5,436 | €8,312 | ▲ 52.9% |
| Remuneration and social security454/9 | - | - | - | €57 | - | - | - | €2,940 | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €10,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €670 | €1,860 | -€6,015 | €8,482 | €1,096 | €6,440 | €11,322 | €27,950 | ▲ 147% |
| Operating cash flow (approximation) | €670 | €1,860 | -€6,015 | €8,482 | €1,096 | €6,440 | €11,322 | €27,950 | ▲ 147% |
| Change in cash | - | €4,484 | -€1,152 | €465 | €6,545 | -€9,969 | €3,168 | €28,107 | ▲ 787% |
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 (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00117058 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00225153 | |
| 31-12-2023 | micro format | 30-04-2024 | 2024-00080237 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00371013 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20043790 | |
| 31-12-2020 | abbreviated format | 02-06-2021 | 2021-16500060 | |
| 31-12-2019 | micro format | 11-05-2020 | 2020-11700348 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24000543 |