Financials · financial year 2026, micro format
Annual accounts 2026 filed on 29-09-2026 at the NBB all 17 filings
Equity
€8.7m▲ 1.7%
2025 · €8.5m
Net result
€147,238▼ 97.6%
2025 · €6.2m
Total assets
€20.6m▲ 76.2%
2025 · €11.7m
Solvency
42.1%▼ 30.8pp
2025 · 72.9%
In the rankings
#6 company by total assets in Brasschaat, Finance and insurance sector#9 company by equity in Brasschaat, Finance and insurance sector
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€101,177
▼ 43.3%
2026
20192026
Net result
€147,238
▼ 97.6%
2026
20192026
Equity
€8.7m
▲ 1.7%
2026
20192026
Total assets
€20.6m
▲ 76.2%
2026
20192026
Debt
€11.9m
▲ 277%
2026
20192026
Working capital
€642,209
▼ 91.6%
2026
20192026
Solvency
42.1%
▼ 30.8pp
2026
20192026
Current ratio
1.22
▼ 7.63
2026
20192026
Return on assets (ROA)
0.7%
▼ 52.5pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.003m-€0.01m▲ 393%€0.01m▼ 5.7%€0.09m▲ 604%€0.2m▲ 90.4%€0.3m▲ 73.8%€0.2m▼ 40.8%€0.1m▼ 43.3%
Net result€0.002m-€0.001m▼ 57.3%€0.001mbelow the sector's middle half▼ 8.0%€0.8mabove the sector's middle half▲ 1,108×€0.8mabove the sector's middle half▲ 0.3%€0.7mabove the sector's middle half▼ 12.4%€6.2mabove the sector's middle half▲ 792%€0.1m▼ 97.6%
Equity€0.02m-€0.02m▲ 4.6%€0.02mbelow the sector's middle half▲ 4.1%€0.8mabove the sector's middle half▲ 44×€1.6mabove the sector's middle half▲ 98.0%€2.3mabove the sector's middle half▲ 43.4%€8.5mabove the sector's middle half▲ 270%€8.7m▲ 1.7%
Total assets€0.05m-€1.1m▲ 24×€1.1mabove the sector's middle half▲ 0.4%€7.2mabove the sector's middle half▲ 576%€7.9mabove the sector's middle half▲ 9.3%€8.0mabove the sector's middle half▲ 1.3%€11.7mabove the sector's middle half▲ 45.8%€20.6m▲ 76.2%
Debt€0.03m-€1.0m▲ 37×€1.1m▲ 0.4%€6.4m▲ 510%€6.3m▼ 1.9%€5.7m▼ 9.4%€3.2m▼ 44.6%€11.9m▲ 277%
Working capital-€0.03m--€0.04m▼ 38.4%-€0.02mwithin the sector's middle half▲ 37.4%-€1.0mbelow the sector's middle half▼ 4,259%-€0.8mbelow the sector's middle half▲ 17.1%-€0.7mbelow the sector's middle half▲ 19.2%€7.7mabove the sector's middle half€0.6m▼ 91.6%
Solvency37.1%-1.6%▼ 35.4pp1.7%below the sector's middle half▲ 0.1pp11.2%below the sector's middle half▲ 9.5pp20.3%below the sector's middle half▲ 9.1pp28.7%within the sector's middle half▲ 8.4pp72.9%within the sector's middle half▲ 44.2pp42.1%▼ 30.8pp
Current ratio0.04-0.26▲ 0.220.45below the sector's middle half▲ 0.190.18below the sector's middle half▼ 0.270.47below the sector's middle half▲ 0.290.57below the sector's middle half▲ 0.098.85above the sector's middle half▲ 8.281.22▼ 7.63
Return on assets (ROA)4.0%-0.1%▼ 4.0pp0.1%below the sector's middle half=11.0%within the sector's middle half▲ 10.9pp10.1%within the sector's middle half▼ 0.9pp8.7%within the sector's middle half▼ 1.4pp53.2%above the sector's middle half▲ 44.5pp0.7%▼ 52.5pp
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 2026 is 43% lower than in 2025. It is the second fall in a row.
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
2026 in colour, 2025 as the grey bar beneath
Assets €20.6m
Fixed assets
€17.0m ▲ 463%
Current assets
€3.5m ▼ 59.1%
Equity and liabilities €20.6m
Equity
€8.7m ▲ 1.7%
Debt
€11.9m ▲ 277%
Debt's share of the balance-sheet total rises from 27.1% to 57.9%. Equity and debt are higher.
Key figures and ratios
ROE
1.7%▼
2025 · 73.0%
Debt ≤ 1 year
€2.9m▲
2025 · €976,800
Debt > 1 year
€9.0m▲
2025 · €2.2m
Income taxes
€687▼
2025 · €21,144
Staff costs
€3,860
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €218,278 | €12,944 | €193,600 | €205,880 |
| Financial fixed assets | €6.0m | - | €7,500 | - | €13.9m |
| Depreciation and write-downs of the year | €48,310 | €76,872 | €54,414 | €54,500 | €58,878 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €3,024 awarded · €2,142 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €630 |
| 2024 | 1 | €3,024 | €1,512 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €0.004m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.03m | €0.001m | €0.05m | €0.08m | €0.05m | €0.05m | €0.06m | ▲ 8.0% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.006m | €0.008m | €0.01m | €0.008m | ▼ 27.0% |
| Gross operating margin9900 | €0.009m | €0.05m | €0.02m | €0.1m | €0.3m | €0.4m | €0.2m | €0.2m | ▼ 29.5% |
| Operating profit (loss)9901 | €0.003m | €0.01m | €0.01m | €0.09m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 43.3% |
| Financial income75/76B | - | - | - | €0.8m | €0.8m | €0.6m | €6.2m | €0.4m | ▼ 94.1% |
| Recurring financial income75 | - | - | - | €0.8m | €0.8m | €0.6m | €6.2m | €0.4m | ▼ 94.1% |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 148% |
| Recurring financial charges65 | €206 | €0.01m | €0.01m | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €0.003m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| Income taxes67/77 | €0.001m | €358 | €260 | €314 | €437 | €0.03m | €0.02m | €0.001m | ▼ 96.8% |
| Profit (loss) for the period9904 | €0.002m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €0.002m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.05m | €1.1m | €1.1m | €7.2m | €7.9m | €8.0m | €11.7m | €20.6m | ▲ 76.2% |
| Fixed assets21/28 | €0.04m | €1.1m | €1.1m | €7.0m | €7.1m | €7.1m | €3.0m | €17.0m | ▲ 463% |
| Tangible fixed assets22/27 | €0.04m | €1.1m | €1.1m | €1.0m | €1.1m | €1.1m | €1.2m | €1.4m | ▲ 11.8% |
| Land and buildings22 | - | - | - | €1.0m | €1.1m | €1.1m | €1.2m | €1.4m | ▲ 10.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.004m | €0.003m | €0.004m | ▲ 52.6% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €0.01m | - |
| Financial fixed assets28 | - | - | - | €6.0m | €6.0m | €6.0m | €1.8m | €15.6m | ▲ 777% |
| Current assets29/58 | €0.001m | €0.01m | €0.02m | €0.2m | €0.8m | €0.9m | €8.6m | €3.5m | ▼ 59.1% |
| Amounts receivable within one year40/41 | - | €0.01m | €0.02m | €0.1m | €0.3m | €0.5m | €3.9m | €3.5m | ▼ 10.6% |
| Trade receivables40 | - | - | - | €0.1m | - | €0.02m | €0.07m | - | - |
| Other amounts receivable41 | - | - | - | €176 | €0.3m | €0.5m | €3.8m | €3.5m | ▼ 8.8% |
| Current investments50/53 | - | - | - | - | - | - | €4.5m | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.003m | €0.002m | €0.1m | €0.5m | €0.4m | €0.3m | €0.05m | ▼ 78.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.001m | €0.001m | €0.007m | ▲ 652% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.05m | €1.1m | €1.1m | €7.2m | €7.9m | €8.0m | €11.7m | €20.6m | ▲ 76.2% |
| Equity10/15 | €0.02m | €0.02m | €0.02m | €0.8m | €1.6m | €2.3m | €8.5m | €8.7m | ▲ 1.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.8m | €1.6m | €2.3m | €8.5m | €8.7m | ▲ 1.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.8m | €1.6m | €2.3m | €8.5m | €8.6m | ▲ 1.8% |
| Profit (loss) carried forward14 | - | - | - | €249 | €0.002m | €0.003m | €0.003m | €0.001m | ▼ 66.5% |
| Amounts payable17/49 | €0.03m | €1.0m | €1.1m | €6.4m | €6.3m | €5.7m | €3.2m | €11.9m | ▲ 277% |
| Amounts payable after more than one year17 | - | €1.0m | €1.0m | €5.2m | €4.7m | €4.1m | €2.2m | €9.0m | ▲ 312% |
| Financial debts170/4 | - | - | - | €3.9m | €3.5m | €2.9m | €2.2m | €9.0m | ▲ 312% |
| Other amounts payable178/9 | - | - | - | €1.2m | €1.2m | €1.2m | - | - | - |
| Amounts payable within one year42/48 | €0.03m | €0.05m | €0.04m | €1.3m | €1.6m | €1.6m | €1.0m | €2.9m | ▲ 197% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.6m | €0.6m | €0.1m | €1.3m | ▲ 782% |
| Financial debts43 | - | - | - | €0.2m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | - | - | - | - | - |
| Trade debts44 | €0.001m | €0.001m | €0.004m | €0.002m | €0.02m | €0.001m | €0.004m | €0.003m | ▼ 17.4% |
| Suppliers440/4 | - | - | - | €0.002m | €0.02m | €0.001m | €0.004m | €0.003m | ▼ 17.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | ▲ 0.8% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.002m | €0.001m | €0.005m | €0.005m | ▲ 0.6% |
| Other amounts payable47/48 | - | - | - | €0.5m | €1.0m | €1.0m | €0.8m | €1.6m | ▲ 94.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| + Depreciation and write-downs630 | €0.005m | €0.03m | €0.001m | €0.05m | €0.08m | €0.05m | €0.05m | €0.06m | ▲ 8.0% |
| Operating cash flow (approximation) | €0.007m | €0.03m | €0.002m | €0.8m | €0.9m | €0.8m | €6.3m | €0.2m | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | -€1.0m | €0 | -€6.0m | -€0.2m | -€0.02m | €4.0m | -€14.1m | - |
| Change in cash | - | €0.002m | -€0.001m | €0.1m | €0.4m | -€0.09m | -€0.2m | -€0.2m | ▼ 33.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-09-2026 | 2026-00528934 | |
| 31-03-2025 | micro format | 30-09-2025 | 2025-00512789 | |
| 31-03-2024 | micro format | 20-09-2024 | 2024-00466049 | |
| 31-03-2023 | micro format | 19-09-2023 | 2023-00448430 | |
| 31-03-2022 | micro format | 20-09-2022 | 2022-20431559 | |
| 31-03-2021 | micro format | 21-09-2021 | 2021-67700067 | |
| 31-03-2020 | micro format | 05-10-2020 | 2020-58400345 | |
| 31-03-2019 | micro format | 23-09-2019 | 2019-65100061 | |
| 31-03-2018 | micro format | 19-09-2018 | 2018-63300430 | |
| 31-03-2017 | abbreviated format | 20-09-2017 | 2017-61300146 |