Financials · financial year 2025, micro format
2025 annual accounts filed 56 days after the deadline Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00526120.
Annual accounts 2025 filed on 25-09-2026 at the NBB all 2 filings
Equity
€13,431▼ 8.5%
2024 · €14,679
Net result
-€1,248
2024 · €13,679
Total assets
€1.3m▲ 784%
2024 · €150,565
Solvency
1.0%▼ 8.7pp
2024 · 9.7%
Multi-year overview
2024 to 2025, 2 financial yearsTurnover
€132,947
▼ 13.2%
2025
20242025
Operating result
€23,436
▼ 0.4%
2025
20242025
Net result
-€1,248
2025
lowest quarter of the sector
20242025
Equity
€13,431
▼ 8.5%
2025
lowest quarter of the sector
20242025
Total assets
€1.3m
▲ 784%
2025
highest quarter of the sector
20242025
Debt
€1.3m
▲ 870%
2025
20242025
Working capital
-€337,782
2025
lowest quarter of the sector
20242025
Solvency
1.0%
▼ 8.7pp
2025
lowest quarter of the sector
20242025
Current ratio
0.09
▼ 1.06
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
-0.1%
▼ 9.2pp
2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Turnover€0.2m-€0.1m▼ 13.2%
Operating result€0.02m-€0.02m▼ 0.4%
Net result€0.01mwithin the sector's middle half--€0.001mbelow the sector's middle half
Equity€0.01mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 8.5%
Total assets€0.2mwithin the sector's middle half-€1.3mabove the sector's middle half▲ 784%
Debt€0.1m-€1.3m▲ 870%
Working capital€0.006mwithin the sector's middle half--€0.3mbelow the sector's middle half
Solvency9.7%below the sector's middle half-1.0%below the sector's middle half▼ 8.7pp
Current ratio1.15within the sector's middle half-0.09below the sector's middle half▼ 1.06
Return on assets (ROA)9.1%within the sector's middle half--0.1%below the sector's middle half▼ 9.2pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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 0% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.3m ▲ 12×
Current assets
€31,478 ▼ 26.9%
Equity and liabilities €1.3m
Equity
€13,431 ▼ 8.5%
Debt
€1.3m ▲ 870%
Debt's share of the balance-sheet total rises from 90.3% to 99.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-9.3%▼
2024 · 93.2%
Debt ≤ 1 year
€369,261▲
2024 · €37,518
Debt > 1 year
€948,957▲
2024 · €98,369
Income taxes
€2,350▼
2024 · €3,100
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 | €111,681 | - |
| Financial fixed assets | €92 | €1.2m |
| Depreciation and write-downs of the year | €4,266 | €7,336 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €153,219 | €132,947 | ▼ 13.2% |
| Goods, raw materials, services and sundry goods60/61 | €120,758 | €99,095 | ▼ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,266 | €7,336 | ▲ 72.0% |
| Other operating charges640/8 | €4,677 | €3,080 | ▼ 34.2% |
| Gross operating margin9900 | €32,461 | €33,852 | ▲ 4.3% |
| Operating profit (loss)9901 | €23,519 | €23,436 | ▼ 0.4% |
| Financial income75/76B | €929 | €280 | ▼ 69.9% |
| Recurring financial income75 | €929 | €280 | ▼ 69.9% |
| Financial charges65/66B | €7,669 | €22,613 | ▲ 195% |
| Recurring financial charges65 | €7,669 | €22,613 | ▲ 195% |
| Profit (loss) for the period before taxes9903 | €16,779 | €1,102 | ▼ 93.4% |
| Income taxes67/77 | €3,100 | €2,350 | ▼ 24.2% |
| Profit (loss) for the period9904 | €13,679 | -€1,248 | - |
| Profit (loss) for the period to be appropriated9905 | €13,679 | -€1,248 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.2m | €1.3m | ▲ 784% |
| Fixed assets21/28 | €0.1m | €1.3m | ▲ 12× |
| Tangible fixed assets22/27 | €0.1m | €0.1m | ▼ 6.8% |
| Land and buildings22 | €0.1m | €0.09m | ▼ 5.2% |
| Furniture and vehicles24 | €0.01m | €0.008m | ▼ 22.1% |
| Financial fixed assets28 | €92 | €1.2m | ▲ 13,094× |
| Current assets29/58 | €0.04m | €0.03m | ▼ 26.9% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | ▲ 10.8% |
| Trade receivables40 | €0.01m | €0.01m | ▲ 5.5% |
| Other amounts receivable41 | €0.008m | €0.01m | ▲ 20.1% |
| Cash at bank and in hand54/58 | €0.02m | €0.007m | ▼ 64.3% |
| Deferred charges and accrued income490/1 | €0.001m | €54 | ▼ 95.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.2m | €1.3m | ▲ 784% |
| Equity10/15 | €0.01m | €0.01m | ▼ 8.5% |
| Contributions10/11 | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | €0.01m | €0.01m | ▼ 9.1% |
| Amounts payable17/49 | €0.1m | €1.3m | ▲ 870% |
| Amounts payable after more than one year17 | €0.1m | €0.9m | ▲ 865% |
| Financial debts170/4 | €0.1m | €0.9m | ▲ 865% |
| Amounts payable within one year42/48 | €0.04m | €0.4m | ▲ 884% |
| Current portion of amounts payable after more than one year42 | - | €0.1m | - |
| Trade debts44 | €0.01m | €0.006m | ▼ 58.8% |
| Suppliers440/4 | €0.01m | €0.006m | ▼ 58.8% |
| Advances received on contracts in progress46 | - | €0.006m | - |
| Taxes, remuneration and social security45 | €0.006m | €0.01m | ▲ 103% |
| Taxes450/3 | €0.003m | €0.01m | ▲ 264% |
| Remuneration and social security454/9 | €0.003m | €100 | ▼ 96.0% |
| Other amounts payable47/48 | €0.02m | €0.2m | ▲ 13× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | -€0.001m | - |
| + Depreciation and write-downs630 | €0.004m | €0.007m | ▲ 72.0% |
| Operating cash flow (approximation) | €0.02m | €0.006m | ▼ 66.1% |
| Investment in fixed assets (approximation) | - | -€1.2m | - |
| Change in cash | - | -€0.01m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.