Financials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 4 filings
Equity
€946,062▲ 0.5%
2024 · €941,591
Net result
€4,471▼ 99.0%
2024 · €451,814
Total assets
€1.1m▼ 2.1%
2024 · €1.1m
Solvency
85.6%▲ 2.2pp
2024 · 83.4%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€6,173
2025
20222025
Net result
€4,471
▼ 99.0%
2025
middle half of the sector
20222025
Equity
€946,062
▲ 0.5%
2025
highest quarter of the sector
20222025
Total assets
€1.1m
▼ 2.1%
2025
highest quarter of the sector
20222025
Debt
€159,538
▼ 14.8%
2025
20222025
Working capital
€265,554
▲ 1.7%
2025
highest quarter of the sector
20222025
Solvency
85.6%
▲ 2.2pp
2025
highest quarter of the sector
20222025
Current ratio
2.66
▲ 0.27
2025
middle half of the sector
20222025
Return on assets (ROA)
0.4%
▼ 39.6pp
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€0.02m-€0.09m▲ 379%-€124€0.006m
Net result€0.01mwithin the sector's middle half-€0.5mabove the sector's middle half▲ 46×€0.5mabove the sector's middle half▼ 4.8%€0.004mwithin the sector's middle half▼ 99.0%
Equity€0.02mbelow the sector's middle half-€0.5mabove the sector's middle half▲ 32×€0.9mabove the sector's middle half▲ 92.2%€0.9mabove the sector's middle half▲ 0.5%
Total assets€0.7mwithin the sector's middle half-€0.8mwithin the sector's middle half▲ 23.8%€1.1mabove the sector's middle half▲ 33.9%€1.1mabove the sector's middle half▼ 2.1%
Debt€0.7m-€0.4m▼ 46.9%€0.2m▼ 47.0%€0.2m▼ 14.8%
Working capital-€0.7mbelow the sector's middle half--€0.2mbelow the sector's middle half▲ 71.1%€0.3mabove the sector's middle half€0.3mabove the sector's middle half▲ 1.7%
Solvency2.2%below the sector's middle half-58.1%within the sector's middle half▲ 55.8pp83.4%above the sector's middle half▲ 25.3pp85.6%above the sector's middle half▲ 2.2pp
Current ratio0.01below the sector's middle half-0.46below the sector's middle half▲ 0.452.39within the sector's middle half▲ 1.932.66within the sector's middle half▲ 0.27
Return on assets (ROA)1.5%within the sector's middle half-56.3%above the sector's middle half▲ 54.8pp40.0%above the sector's middle half▼ 16.3pp0.4%below the sector's middle half▼ 39.6pp
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 a profit of €6,173, after a loss of €124 in 2024.
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
Assets €1.1m
Fixed assets
€680,508 =
Current assets
€425,092 ▼ 5.2%
Equity and liabilities €1.1m
Equity
€946,062 ▲ 0.5%
Debt
€159,538 ▼ 14.8%
Debt's share of the balance-sheet total falls from 16.6% to 14.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.5%▼
2024 · 48.0%
Debt ≤ 1 year
€159,538▼
2024 · €187,231
Income taxes
€1,342▲
2024 · €0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Financial fixed assets | €675,508 | €5,000 | - | - |
| Depreciation and write-downs of the year | €1,206 | €0 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €3,240 awarded · €3,240 paidAnnual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,206 | €0 | - | - | - |
| Other operating charges640/8 | €888 | €557 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €20,434 | €88,382 | €381 | €6,693 | ▲ 18× |
| Operating profit (loss)9901 | €18,341 | €87,825 | -€124 | €6,173 | - |
| Financial income75/76B | - | €404,487 | €452,258 | €0 | ▼ 100% |
| Recurring financial income75 | - | €404,487 | €452,258 | €0 | ▼ 100% |
| Financial charges65/66B | €4,611 | €334 | €320 | €359 | ▲ 12.4% |
| Recurring financial charges65 | €4,611 | €334 | €320 | €359 | ▲ 12.4% |
| Profit (loss) for the period before taxes9903 | €13,730 | €491,978 | €451,814 | €5,813 | ▼ 98.7% |
| Income taxes67/77 | €3,432 | €17,498 | €0 | €1,342 | - |
| Profit (loss) for the period9904 | €10,297 | €474,480 | €451,814 | €4,471 | ▼ 99.0% |
| Profit (loss) for the period to be appropriated9905 | €10,297 | €474,480 | €451,814 | €4,471 | ▼ 99.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.7m | €0.8m | €1.1m | €1.1m | ▼ 2.1% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Financial fixed assets28 | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Current assets29/58 | €0.006m | €0.2m | €0.4m | €0.4m | ▼ 5.2% |
| Amounts receivable within one year40/41 | - | €0.1m | €0.4m | €0.4m | ▼ 2.2% |
| Trade receivables40 | - | €0.1m | €0.2m | €0.1m | ▼ 8.5% |
| Other amounts receivable41 | - | €0.001m | €0.3m | €0.3m | ▲ 1.6% |
| Cash at bank and in hand54/58 | €0.006m | €0.04m | €0.02m | €0.004m | ▼ 79.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.7m | €0.8m | €1.1m | €1.1m | ▼ 2.1% |
| Equity10/15 | €0.02m | €0.5m | €0.9m | €0.9m | ▲ 0.5% |
| Contributions10/11 | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Reserves13 | €0.01m | €0.5m | €0.9m | €0.9m | ▲ 0.5% |
| Distributable reserves133 | €0.01m | €0.5m | €0.9m | €0.9m | ▲ 0.5% |
| Amounts payable17/49 | €0.7m | €0.4m | €0.2m | €0.2m | ▼ 14.8% |
| Amounts payable within one year42/48 | €0.7m | €0.4m | €0.2m | €0.2m | ▼ 14.8% |
| Trade debts44 | €0.001m | €0.007m | €0.004m | €30 | ▼ 99.2% |
| Suppliers440/4 | €0.001m | €0.007m | €0.004m | €30 | ▼ 99.2% |
| Taxes, remuneration and social security45 | €0.004m | €0.02m | €0.02m | €0 | ▼ 100% |
| Taxes450/3 | €0.004m | €0.02m | €0.02m | €0 | ▼ 100% |
| Other amounts payable47/48 | €0.7m | €0.3m | €0.2m | €0.2m | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,297 | €474,480 | €451,814 | €4,471 | ▼ 99.0% |
| + Depreciation and write-downs630 | €1,206 | €0 | - | - | - |
| Operating cash flow (approximation) | €11,503 | €474,480 | €451,814 | €4,471 | ▼ 99.0% |
| Investment in fixed assets (approximation) | - | -€5,000 | €0 | €0 | - |
| Change in cash | - | €36,453 | -€24,410 | -€13,891 | ▲ 43.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.