Financials · financial year 2025, full format
Annual accounts 2025 filed on 01-06-2026 PDF all 3 filings
Equity
€302,313▲ 97.5%
2024 · €153,039
Net result
€149,274▼ 8.6%
2024 · €163,351
Total assets
€1.4m▲ 0.5%
2024 · €1.4m
Solvency
22.1%▲ 10.9pp
2024 · 11.2%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€39,708
▼ 2.5%
2025
20232025
Net result
€149,274
▼ 8.6%
2025
middle half of the sector
20232025
Equity
€302,313
▲ 97.5%
2025
lowest quarter of the sector
20232025
Total assets
€1.4m
▲ 0.5%
2025
lowest quarter of the sector
20232025
Debt
€1.1m
▼ 11.8%
2025
20232025
Working capital
€211,305
▲ 388%
2025
middle half of the sector
20232025
Solvency
22.1%
▲ 10.9pp
2025
lowest quarter of the sector
20232025
Current ratio
2.70
▲ 1.41
2025
middle half of the sector
20232025
Return on assets (ROA)
10.9%
▼ 1.1pp
2025
highest quarter of the sector
20232025
Staff (FTE)
0
2025
lowest 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-€0.008m-€0.04m€0.04m▼ 2.5%
Net result-€0.01mbelow the sector's middle half-€0.2mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 8.6%
Equity-€0.01mbelow the sector's middle half-€0.2mbelow the sector's middle half€0.3mbelow the sector's middle half▲ 97.5%
Total assets€0.1mbelow the sector's middle half-€1.4mbelow the sector's middle half▲ 13×€1.4mbelow the sector's middle half▲ 0.5%
Debt€0.1m-€1.2m▲ 931%€1.1m▼ 11.8%
Working capital-€0.03mwithin the sector's middle half-€0.04mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 388%
Solvency-9.6%below the sector's middle half-11.2%below the sector's middle half▲ 20.9pp22.1%below the sector's middle half▲ 10.9pp
Current ratio0.33below the sector's middle half-1.29within the sector's middle half▲ 0.962.70within the sector's middle half▲ 1.41
Return on assets (ROA)-10.6%below the sector's middle half-12.0%above the sector's middle half▲ 22.6pp10.9%above the sector's middle half▼ 1.1pp
Staff (FTE)0.9below the sector's middle half-0below the sector's middle half▼ 100%0below the sector's middle half
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 3% 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 €1.4m
Fixed assets
€1.0m ▼ 11.6%
Current assets
€335,452 ▲ 73.5%
Equity and liabilities €1.4m
Equity
€302,313 ▲ 97.5%
Debt
€1.1m ▼ 11.8%
Debt's share of the balance-sheet total falls from 88.8% to 77.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
49.4%▼
2024 · 106.7%
Debt ≤ 1 year
€124,146▼
2024 · €149,963
Debt > 1 year
€941,711▼
2024 · €1.1m
Income taxes
€253▼
2024 · €270
Staff costs
€44,433▲
2024 · €43,532
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.9 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €97,560 | €1.2m | - |
| Financial fixed assets | €10,362 | - | - |
| Depreciation and write-downs of the year | €16,949 | €80,595 | €135,006 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €26 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €42,537 | €43,532 | €44,433 | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,949 | €80,595 | €135,006 | ▲ 67.5% |
| Other operating charges640/8 | €2,871 | €392 | €2,196 | ▲ 460% |
| Gross operating margin9900 | €54,499 | €165,263 | €221,343 | ▲ 33.9% |
| Operating profit (loss)9901 | -€7,858 | €40,744 | €39,708 | ▼ 2.5% |
| Financial income75/76B | - | €156,160 | €160,612 | ▲ 2.9% |
| Recurring financial income75 | - | €156,160 | €160,612 | ▲ 2.9% |
| Financial charges65/66B | €3,200 | €33,283 | €50,793 | ▲ 52.6% |
| Recurring financial charges65 | €3,200 | €33,283 | €50,793 | ▲ 52.6% |
| Profit (loss) for the period before taxes9903 | -€11,058 | €163,621 | €149,527 | ▼ 8.6% |
| Income taxes67/77 | €254 | €270 | €253 | ▼ 6.4% |
| Profit (loss) for the period9904 | -€11,312 | €163,351 | €149,274 | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | -€11,312 | €163,351 | €149,274 | ▼ 8.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.1m | €1.4m | €1.4m | ▲ 0.5% |
| Fixed assets21/28 | €0.09m | €1.2m | €1.0m | ▼ 11.6% |
| Tangible fixed assets22/27 | €0.08m | €1.2m | €1.0m | ▼ 11.7% |
| Plant, machinery and equipment23 | €0.003m | €0 | - | - |
| Furniture and vehicles24 | €0.08m | €1.2m | €1.0m | ▼ 11.7% |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | = |
| Current assets29/58 | €0.02m | €0.2m | €0.3m | ▲ 73.5% |
| Amounts receivable within one year40/41 | €0.007m | €0.2m | €0.3m | ▲ 82.0% |
| Trade receivables40 | €0.006m | €0.006m | €0.005m | ▼ 14.0% |
| Other amounts receivable41 | €0.001m | €0.2m | €0.3m | ▲ 85.3% |
| Cash at bank and in hand54/58 | €0.009m | €0.01m | €0.006m | ▼ 46.4% |
| Deferred charges and accrued income490/1 | €301 | €0.001m | €0.001m | ▲ 4.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.1m | €1.4m | €1.4m | ▲ 0.5% |
| Equity10/15 | -€0.01m | €0.2m | €0.3m | ▲ 97.5% |
| Contributions10/11 | €0.001m | €0.001m | €0.001m | = |
| Reserves13 | - | €0.2m | €0.3m | ▲ 98.2% |
| Distributable reserves133 | - | €0.2m | €0.3m | ▲ 98.2% |
| Profit (loss) carried forward14 | -€0.01m | €0 | - | - |
| Amounts payable17/49 | €0.1m | €1.2m | €1.1m | ▼ 11.8% |
| Amounts payable after more than one year17 | €0.07m | €1.1m | €0.9m | ▼ 11.0% |
| Financial debts170/4 | €0.07m | €1.1m | €0.9m | ▼ 11.0% |
| Amounts payable within one year42/48 | €0.05m | €0.1m | €0.1m | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | €0.02m | €0.1m | €0.1m | ▲ 4.5% |
| Trade debts44 | €10 | €0.004m | €0.001m | ▼ 76.4% |
| Suppliers440/4 | €10 | €0.004m | €0.001m | ▼ 76.4% |
| Taxes, remuneration and social security45 | €0.01m | €0.01m | €0.004m | ▼ 66.9% |
| Taxes450/3 | €0.001m | €0.001m | €265 | ▼ 49.4% |
| Remuneration and social security454/9 | €0.01m | €0.01m | €0.004m | ▼ 67.7% |
| Other amounts payable47/48 | €0.02m | €0.02m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €272 | €212 | €149 | ▼ 29.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.01m | €0.2m | €0.1m | ▼ 8.6% |
| + Depreciation and write-downs630 | €0.02m | €0.08m | €0.1m | ▲ 67.5% |
| Operating cash flow (approximation) | €0.006m | €0.2m | €0.3m | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€1.2m | €0 | - |
| Change in cash | - | €0.003m | -€0.006m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.