Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 2 filings
Equity
€161,697▲ 68.9%
2024 · €95,741
Net result
€65,956▼ 29.6%
2024 · €93,741
Total assets
€1.5m▲ 93.0%
2024 · €774,665
Solvency
10.8%▼ 1.5pp
2024 · 12.4%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€66,034
▼ 38.1%
2025
20242025
Net result
€65,956
▼ 29.6%
2025
middle half of the sector
20242025
Equity
€161,697
▲ 68.9%
2025
middle half of the sector
20242025
Total assets
€1.5m
▲ 93.0%
2025
middle half of the sector
20242025
Debt
€1.3m
▲ 96.4%
2025
20242025
Working capital
-€1.1m
▼ 146%
2025
lowest quarter of the sector
20242025
Solvency
10.8%
▼ 1.5pp
2025
lowest quarter of the sector
20242025
Current ratio
0.18
▼ 0.17
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
4.4%
▼ 7.7pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€0.1m-€0.07m▼ 38.1%
Net result€0.09mwithin the sector's middle half-€0.07mwithin the sector's middle half▼ 29.6%
Equity€0.1mbelow the sector's middle half-€0.2mwithin the sector's middle half▲ 68.9%
Total assets€0.8mwithin the sector's middle half-€1.5mwithin the sector's middle half▲ 93.0%
Debt€0.7m-€1.3m▲ 96.4%
Working capital-€0.4mbelow the sector's middle half--€1.1mbelow the sector's middle half▼ 146%
Solvency12.4%below the sector's middle half-10.8%below the sector's middle half▼ 1.5pp
Current ratio0.34within the sector's middle half-0.18below the sector's middle half▼ 0.17
Return on assets (ROA)12.1%above the sector's middle half-4.4%within the sector's middle half▼ 7.7pp
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 38% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €1.5m
Fixed assets
€1.3m ▲ 132%
Current assets
€238,069 ▲ 1.7%
Equity and liabilities €1.5m
Equity
€161,697 ▲ 68.9%
Debt
€1.3m ▲ 96.4%
Debt's share of the balance-sheet total rises from 87.6% to 89.2%. Equity and debt are higher.
Key figures and ratios
ROE
40.8%▼
2024 · 97.9%
Debt ≤ 1 year
€1.3m▲
2024 · €678,924
Income taxes
€0▼
2024 · €12,845
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €579,782 | €754,815 |
| Depreciation and write-downs of the year | €41,141 | €38,428 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,141 | €38,428 | ▼ 6.6% |
| Other operating charges640/8 | €333 | €431 | ▲ 29.4% |
| Gross operating margin9900 | €148,162 | €104,893 | ▼ 29.2% |
| Operating profit (loss)9901 | €106,688 | €66,034 | ▼ 38.1% |
| Financial income75/76B | €0 | €1 | ▲ 57× |
| Recurring financial income75 | €0 | €1 | ▲ 57× |
| Financial charges65/66B | €103 | €78 | ▼ 24.4% |
| Recurring financial charges65 | €103 | €78 | ▼ 24.4% |
| Profit (loss) for the period before taxes9903 | €106,585 | €65,956 | ▼ 38.1% |
| Income taxes67/77 | €12,845 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €93,741 | €65,956 | ▼ 29.6% |
| Profit (loss) for the period to be appropriated9905 | €93,741 | €65,956 | ▼ 29.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.8m | €1.5m | ▲ 93.0% |
| Fixed assets21/28 | €0.5m | €1.3m | ▲ 132% |
| Tangible fixed assets22/27 | €0.5m | €1.3m | ▲ 132% |
| Land and buildings22 | €0.5m | €1.3m | ▲ 132% |
| Current assets29/58 | €0.2m | €0.2m | ▲ 1.7% |
| Amounts receivable within one year40/41 | €0.02m | €0.2m | ▲ 576% |
| Trade receivables40 | €0.02m | €0.03m | ▲ 2.9% |
| Other amounts receivable41 | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.07m | ▼ 65.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.8m | €1.5m | ▲ 93.0% |
| Equity10/15 | €0.1m | €0.2m | ▲ 68.9% |
| Contributions10/11 | €0.002m | €0.002m | = |
| Reserves13 | €0.09m | €0.2m | ▲ 70.4% |
| Distributable reserves133 | €0.09m | €0.2m | ▲ 70.4% |
| Amounts payable17/49 | €0.7m | €1.3m | ▲ 96.4% |
| Amounts payable within one year42/48 | €0.7m | €1.3m | ▲ 96.4% |
| Trade debts44 | €447 | €0.001m | ▲ 22.5% |
| Suppliers440/4 | €447 | €0.001m | ▲ 22.5% |
| Taxes, remuneration and social security45 | €0.02m | €0.01m | ▼ 30.3% |
| Taxes450/3 | €0.02m | €0.01m | ▼ 30.3% |
| Other amounts payable47/48 | €0.7m | €1.3m | ▲ 100.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €93,741 | €65,956 | ▼ 29.6% |
| + Depreciation and write-downs630 | €41,141 | €38,428 | ▼ 6.6% |
| Operating cash flow (approximation) | €134,881 | €104,384 | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | -€754,815 | - |
| Change in cash | - | -€137,010 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.