Financials · financial year 2026, micro format
Annual accounts 2026 filed on 15-10-2026 at the NBB all 15 filings
Amounts without an identifiable currency are taken as euros.
Equity
€554,337▲ 9.9%
2025 · €504,601
Net result
€49,737▼ 16.2%
2025 · €59,350
Total assets
€565,635▲ 8.6%
2025 · €520,672
Solvency
98.0%▲ 1.1pp
2025 · 96.9%
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€59,162
▼ 18.1%
2026
20192026
Net result
€49,737
▼ 16.2%
2026
20192026
Equity
€554,337
▲ 9.9%
2026
20192026
Total assets
€565,635
▲ 8.6%
2026
20192026
Debt
€11,298
▼ 29.7%
2026
20192026
Working capital
€521,821
▲ 4.7%
2026
20192026
Solvency
98.0%
▲ 1.1pp
2026
20192026
Current ratio
47.19
▲ 15.16
2026
20192026
Return on assets (ROA)
8.8%
▼ 2.6pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€62,738-€85,355▲ 36.1%€75,053▼ 12.1%€69,449▼ 7.5%€66,130▼ 4.8%€110,613▲ 67.3%€72,196▼ 34.7%€59,162▼ 18.1%
Net result€45,679-€62,085▲ 35.9%€54,849within the sector's middle half▼ 11.7%€50,087within the sector's middle half▼ 8.7%€47,699within the sector's middle half▼ 4.8%€79,536within the sector's middle half▲ 66.7%€59,350within the sector's middle half▼ 25.4%€49,737▼ 16.2%
Equity€150,996-€213,080▲ 41.1%€267,930within the sector's middle half▲ 25.7%€318,016within the sector's middle half▲ 18.7%€365,715within the sector's middle half▲ 15.0%€445,251above the sector's middle half▲ 21.7%€504,601above the sector's middle half▲ 13.3%€554,337▲ 9.9%
Total assets€164,262-€231,594▲ 41.0%€282,715within the sector's middle half▲ 22.1%€332,283within the sector's middle half▲ 17.5%€374,480within the sector's middle half▲ 12.7%€461,615within the sector's middle half▲ 23.3%€520,672within the sector's middle half▲ 12.8%€565,635▲ 8.6%
Debt€13,266-€18,514▲ 39.6%€14,785▼ 20.1%€14,267▼ 3.5%€8,765▼ 38.6%€16,365▲ 86.7%€16,072▼ 1.8%€11,298▼ 29.7%
Working capital€144,307-€209,363▲ 45.1%€266,912above the sector's middle half▲ 27.5%€310,015above the sector's middle half▲ 16.1%€359,901above the sector's middle half▲ 16.1%€437,473above the sector's middle half▲ 21.6%€498,620above the sector's middle half▲ 14.0%€521,821▲ 4.7%
Solvency91.9%-92.0%▲ 0.1pp94.8%above the sector's middle half▲ 2.8pp95.7%above the sector's middle half▲ 0.9pp97.7%above the sector's middle half▲ 2.0pp96.5%above the sector's middle half▼ 1.2pp96.9%above the sector's middle half▲ 0.5pp98.0%▲ 1.1pp
Current ratio11.88-12.31▲ 0.4319.05above the sector's middle half▲ 6.7422.73above the sector's middle half▲ 3.6842.06above the sector's middle half▲ 19.3327.73above the sector's middle half▼ 14.3332.02above the sector's middle half▲ 4.2947.19▲ 15.16
Return on assets (ROA)27.8%-26.8%▼ 1.0pp19.4%within the sector's middle half▼ 7.4pp15.1%within the sector's middle half▼ 4.3pp12.7%within the sector's middle half▼ 2.3pp17.2%within the sector's middle half▲ 4.5pp11.4%within the sector's middle half▼ 5.8pp8.8%▼ 2.6pp
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 2026 is 18% lower than in 2025 and the lowest since 2022. 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 €565,635
Fixed assets
€32,517 ▲ 444%
Current assets
€533,118 ▲ 3.6%
Equity and liabilities €565,635
Equity
€554,337 ▲ 9.9%
Debt
€11,298 ▼ 29.7%
Debt's share of the balance-sheet total falls from 3.1% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.0%▼
2025 · 11.8%
Debt ≤ 1 year
€11,298▼
2025 · €16,072
Income taxes
€19,155▼
2025 · €22,703
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,388 | - | €3,966 | €817 | €31,562 |
| Depreciation and write-downs of the year | €1,405 | €2,187 | €2,003 | €2,614 | €5,026 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,971 | €2,972 | €509 | €1,405 | €2,187 | €2,003 | €2,614 | €5,026 | ▲ 92.3% |
| Other operating charges640/8 | - | - | - | €685 | €870 | €947 | €972 | €1,060 | ▲ 9.1% |
| Gross operating margin9900 | €67,122 | €88,925 | €76,475 | €71,539 | €69,187 | €113,563 | €75,783 | €65,248 | ▼ 13.9% |
| Operating profit (loss)9901 | €62,738 | €85,355 | €75,053 | €69,449 | €66,130 | €110,613 | €72,196 | €59,162 | ▼ 18.1% |
| Financial income75/76B | - | - | - | €0 | - | €135 | €9,946 | €9,824 | ▼ 1.2% |
| Recurring financial income75 | €781 | €695 | €560 | €0 | - | €135 | €9,946 | €9,824 | ▼ 1.2% |
| Financial charges65/66B | - | - | - | €81 | €95 | €90 | €90 | €94 | ▲ 4.2% |
| Recurring financial charges65 | €35 | €35 | €46 | €81 | €95 | €90 | €90 | €94 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €63,483 | €86,015 | €75,567 | €69,368 | €66,036 | €110,658 | €82,053 | €68,892 | ▼ 16.0% |
| Income taxes67/77 | €17,804 | €23,930 | €20,718 | €19,282 | €18,337 | €31,123 | €22,703 | €19,155 | ▼ 15.6% |
| Profit (loss) for the period9904 | €45,679 | €62,085 | €54,849 | €50,087 | €47,699 | €79,536 | €59,350 | €49,737 | ▼ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €45,679 | €62,085 | €54,849 | €50,087 | €47,699 | €79,536 | €59,350 | €49,737 | ▼ 16.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €164,262 | €231,594 | €282,715 | €332,283 | €374,480 | €461,615 | €520,672 | €565,635 | ▲ 8.6% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €6,689 | €3,717 | €1,018 | €8,001 | €5,814 | €7,778 | €5,980 | €32,517 | ▲ 444% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,689 | €3,717 | €1,018 | €8,001 | €5,814 | €7,778 | €5,980 | €32,517 | ▲ 444% |
| Furniture and vehicles24 | - | - | - | €8,001 | €5,814 | €7,778 | €5,980 | €32,517 | ▲ 444% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €157,573 | €227,877 | €281,697 | €324,282 | €368,665 | €453,837 | €514,692 | €533,118 | ▲ 3.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €23,905 | €19,462 | €16,070 | €12,463 | €12,342 | €16,229 | €17,911 | €20,688 | ▲ 15.5% |
| Trade receivables40 | - | - | - | €12,463 | €10,768 | €11,306 | €11,684 | €11,684 | = |
| Other amounts receivable41 | - | - | - | €0 | €1,575 | €4,923 | €6,227 | €9,004 | ▲ 44.6% |
| Current investments50/53 | €0 | - | - | - | - | - | €400,000 | €420,000 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €133,668 | €208,415 | €265,627 | €311,132 | €355,602 | €436,854 | €86,347 | €88,626 | ▲ 2.6% |
| Deferred charges and accrued income490/1 | - | - | - | €688 | €721 | €755 | €10,433 | €3,804 | ▼ 63.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €164,262 | €231,594 | €282,715 | €332,283 | €374,480 | €461,615 | €520,672 | €565,635 | ▲ 8.6% |
| Equity10/15 | €150,996 | €213,080 | €267,930 | €318,016 | €365,715 | €445,251 | €504,601 | €554,337 | ▲ 9.9% |
| Contributions10/11 | €12,400 | €0 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €138,596 | €200,680 | €255,530 | €305,616 | €353,315 | €432,851 | €492,201 | €541,937 | ▲ 10.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €303,756 | €351,455 | €430,991 | €490,341 | €540,077 | ▲ 10.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €13,266 | €18,514 | €14,785 | €14,267 | €8,765 | €16,365 | €16,072 | €11,298 | ▼ 29.7% |
| Amounts payable within one year42/48 | €13,266 | €18,514 | €14,785 | €14,267 | €8,765 | €16,365 | €16,072 | €11,298 | ▼ 29.7% |
| Trade debts44 | €101 | €61 | €107 | €154 | €110 | €245 | €210 | €1,171 | ▲ 457% |
| Suppliers440/4 | - | - | - | €154 | €110 | €245 | €210 | €1,171 | ▲ 457% |
| Taxes, remuneration and social security45 | - | - | - | €13,561 | €8,655 | €16,120 | €15,862 | €10,127 | ▼ 36.2% |
| Taxes450/3 | - | - | - | €13,561 | €8,655 | €16,120 | €15,862 | €10,127 | ▼ 36.2% |
| Other amounts payable47/48 | - | - | - | €552 | €0 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,679 | €62,085 | €54,849 | €50,087 | €47,699 | €79,536 | €59,350 | €49,737 | ▼ 16.2% |
| + Depreciation and write-downs630 | €2,971 | €2,972 | €509 | €1,405 | €2,187 | €2,003 | €2,614 | €5,026 | ▲ 92.3% |
| Operating cash flow (approximation) | €48,651 | €65,056 | €55,358 | €51,492 | €49,885 | €81,538 | €61,964 | €54,763 | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | €0 | €2,190 | -€8,388 | €0 | -€3,966 | -€817 | -€31,562 | ▼ 3,764% |
| Change in cash | - | €74,747 | €57,212 | €45,504 | €44,471 | €81,252 | -€350,506 | €2,279 | - |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 15-10-2026 | 2026-00558315 | |
| 30-06-2025 | micro format | 17-11-2025 | 2025-00566838 | |
| 30-06-2024 | micro format | 27-01-2025 | 2025-00010546 | |
| 30-06-2023 | micro format | 28-11-2023 | 2023-00516866 | |
| 30-06-2022 | micro format | 19-12-2022 | 2022-20539372 | |
| 30-06-2021 | micro format | 21-12-2021 | 2021-81100522 | |
| 30-06-2020 | micro format | 16-12-2020 | 2020-75900022 | |
| 30-06-2019 | micro format | 13-01-2020 | 2020-01100406 | |
| 30-06-2018 | micro format | 04-01-2019 | 2019-00300402 | |
| 30-06-2017 | micro format | 27-11-2017 | 2017-70300332 |