Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-02-2026 PDF all 4 filings
Equity
€3,000▼ 95.2%
2024 · €62,807
Net result
€26,422▲ 18.7%
2024 · €22,258
Total assets
€101,170▲ 43.1%
2024 · €70,689
Solvency
3.0%▼ 85.9pp
2024 · 88.8%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€33,863
▲ 17.9%
2025
20222025
Net result
€26,422
▲ 18.7%
2025
middle half of the sector
20222025
Equity
€3,000
▼ 95.2%
2025
lowest quarter of the sector
20222025
Total assets
€101,170
▲ 43.1%
2025
lowest quarter of the sector
20222025
Debt
€98,170
▲ 12×
2025
20222025
Working capital
€3,000
▼ 95.2%
2025
middle half of the sector
20222025
Solvency
3.0%
▼ 85.9pp
2025
lowest quarter of the sector
20222025
Current ratio
1.03
▼ 7.89
2025
middle half of the sector
20222025
Return on assets (ROA)
26.1%
▼ 5.4pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€23,637-€25,037▲ 5.9%€28,729▲ 14.7%€33,863▲ 17.9%
Net result€18,116within the sector's middle half-€19,432within the sector's middle half▲ 7.3%€22,258within the sector's middle half▲ 14.5%€26,422within the sector's middle half▲ 18.7%
Equity€21,116below the sector's middle half-€40,548below the sector's middle half▲ 92.0%€62,807within the sector's middle half▲ 54.9%€3,000below the sector's middle half▼ 95.2%
Total assets€35,077below the sector's middle half-€55,121below the sector's middle half▲ 57.1%€70,689below the sector's middle half▲ 28.2%€101,170below the sector's middle half▲ 43.1%
Debt€13,961-€14,573▲ 4.4%€7,882▼ 45.9%€98,170▲ 12×
Working capital€19,992within the sector's middle half-€39,810within the sector's middle half▲ 99.1%€62,453within the sector's middle half▲ 56.9%€3,000within the sector's middle half▼ 95.2%
Solvency60.2%within the sector's middle half-73.6%within the sector's middle half▲ 13.4pp88.8%above the sector's middle half▲ 15.3pp3.0%below the sector's middle half▼ 85.9pp
Current ratio2.43within the sector's middle half-3.73within the sector's middle half▲ 1.308.92above the sector's middle half▲ 5.191.03within the sector's middle half▼ 7.89
Return on assets (ROA)51.6%above the sector's middle half-35.3%above the sector's middle half▼ 16.4pp31.5%above the sector's middle half▼ 3.8pp26.1%within the sector's middle half▼ 5.4pp
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 18% higher than in 2024 and the highest since 2022. It is the third rise 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
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €101,170
Equity
€3,000 ▼ 95.2%
Debt
€98,170 ▲ 12×
Debt's share of the balance-sheet total rises from 11.2% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
880.7%▲
2024 · 35.4%
Debt ≤ 1 year
€98,170▲
2024 · €7,882
Income taxes
€7,272▲
2024 · €6,335
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,156 | - | - | - |
| Depreciation and write-downs of the year | €32 | €385 | €385 | €353 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32 | €385 | €385 | €353 | ▼ 8.3% |
| Other operating charges640/8 | €1,930 | €600 | €539 | €734 | ▲ 36.2% |
| Gross operating margin9900 | €25,599 | €26,022 | €29,653 | €34,951 | ▲ 17.9% |
| Operating profit (loss)9901 | €23,637 | €25,037 | €28,729 | €33,863 | ▲ 17.9% |
| Financial income75/76B | €0 | €0 | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - |
| Financial charges65/66B | €35 | €96 | €135 | €169 | ▲ 24.9% |
| Recurring financial charges65 | €35 | €96 | €135 | €169 | ▲ 24.9% |
| Profit (loss) for the period before taxes9903 | €23,602 | €24,942 | €28,593 | €33,694 | ▲ 17.8% |
| Income taxes67/77 | €5,486 | €5,510 | €6,335 | €7,272 | ▲ 14.8% |
| Profit (loss) for the period9904 | €18,116 | €19,432 | €22,258 | €26,422 | ▲ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €18,116 | €19,432 | €22,258 | €26,422 | ▲ 18.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,077 | €55,121 | €70,689 | €101,170 | ▲ 43.1% |
| Fixed assets21/28 | €1,124 | €739 | €353 | - | - |
| Tangible fixed assets22/27 | €1,124 | €739 | €353 | - | - |
| Furniture and vehicles24 | €1,124 | €739 | €353 | - | - |
| Current assets29/58 | €33,953 | €54,382 | €70,335 | €101,170 | ▲ 43.8% |
| Amounts receivable within one year40/41 | €12,282 | €9,202 | €11,289 | €12,050 | ▲ 6.7% |
| Trade receivables40 | €12,282 | €8,712 | €10,799 | €11,949 | ▲ 10.6% |
| Other amounts receivable41 | - | €490 | €490 | €101 | ▼ 79.4% |
| Cash at bank and in hand54/58 | €21,671 | €44,871 | €59,046 | €89,121 | ▲ 50.9% |
| Deferred charges and accrued income490/1 | - | €310 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,077 | €55,121 | €70,689 | €101,170 | ▲ 43.1% |
| Equity10/15 | €21,116 | €40,548 | €62,807 | €3,000 | ▼ 95.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €18,116 | €37,548 | €59,807 | - | - |
| Distributable reserves133 | €18,116 | €37,548 | €59,807 | - | - |
| Amounts payable17/49 | €13,961 | €14,573 | €7,882 | €98,170 | ▲ 12× |
| Amounts payable within one year42/48 | €13,961 | €14,573 | €7,882 | €98,170 | ▲ 12× |
| Trade debts44 | €748 | €558 | €509 | €307 | ▼ 39.7% |
| Suppliers440/4 | €748 | €558 | €509 | €307 | ▼ 39.7% |
| Taxes, remuneration and social security45 | €8,793 | €8,791 | €6,453 | €23,506 | ▲ 264% |
| Taxes450/3 | €8,793 | €8,791 | €6,453 | €23,506 | ▲ 264% |
| Other amounts payable47/48 | €4,420 | €5,224 | €920 | €74,357 | ▲ 81× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,116 | €19,432 | €22,258 | €26,422 | ▲ 18.7% |
| + Depreciation and write-downs630 | €32 | €385 | €385 | €353 | ▼ 8.3% |
| Operating cash flow (approximation) | €18,148 | €19,817 | €22,644 | €26,776 | ▲ 18.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | €23,199 | €14,176 | €30,075 | ▲ 112% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.