Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-06-2026 PDF all 23 filings
Equity
€213,590▼ 16.8%
2024 · €256,787
Net result
-€43,197▲ 77.7%
2024 · -€193,449
Total assets
€383,826▼ 45.6%
2024 · €705,159
Solvency
55.6%▲ 19.2pp
2024 · 36.4%
In the rankings
#6 oldest company in Herenthout, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€39,594
2025
20182025
Net result
-€43,197
▲ 77.7%
2025
lowest quarter of the sector
20182025
Equity
€213,590
▼ 16.8%
2025
middle half of the sector
20182025
Total assets
€383,826
▼ 45.6%
2025
middle half of the sector
20182025
Debt
€170,236
▼ 62.0%
2025
20182025
Working capital
-€74,210
2025
lowest quarter of the sector
20182025
Solvency
55.6%
▲ 19.2pp
2025
middle half of the sector
20182025
Current ratio
0.56
▼ 1.22
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-11.3%
▲ 16.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m--€0.01m▲ 41.2%€0.03m€0.1m▲ 385%€0.1m▲ 1.2%€0.1m▲ 0.8%€0.1m▼ 15.7%-€0.04m
Net result-€0.03m--€0.02m▲ 24.7%€0.02mwithin the sector's middle half€0.08mabove the sector's middle half▲ 425%€0.08mabove the sector's middle half▲ 3.8%€0.09mabove the sector's middle half▲ 4.1%-€0.2mbelow the sector's middle half-€0.04mbelow the sector's middle half▲ 77.7%
Equity€0.2m-€0.2m▼ 10.1%€0.2mwithin the sector's middle half▲ 8.1%€0.3mwithin the sector's middle half▲ 39.5%€0.4mabove the sector's middle half▲ 29.4%€0.5mabove the sector's middle half▲ 23.6%€0.3mwithin the sector's middle half▼ 43.0%€0.2mwithin the sector's middle half▼ 16.8%
Total assets€0.5m-€0.5m▼ 9.8%€0.9mabove the sector's middle half▲ 98.3%€1.0mabove the sector's middle half▲ 4.8%€1.0mabove the sector's middle half▲ 4.2%€1.0mabove the sector's middle half▼ 1.0%€0.7mwithin the sector's middle half▼ 30.2%€0.4mwithin the sector's middle half▼ 45.6%
Debt€0.3m-€0.3m▼ 9.6%€0.7m▲ 157%€0.7m▼ 4.8%€0.7m▼ 5.9%€0.6m▼ 14.7%€0.4m▼ 20.0%€0.2m▼ 62.0%
Working capital-€0.1m--€0.07m▲ 36.5%-€0.6mbelow the sector's middle half▼ 685%-€0.2mbelow the sector's middle half▲ 56.8%-€0.2mbelow the sector's middle half▲ 24.4%-€0.1mbelow the sector's middle half▲ 34.2%€0.2mabove the sector's middle half-€0.07mbelow the sector's middle half
Solvency39.7%-39.6%▼ 0.1pp21.6%within the sector's middle half▼ 18.0pp28.7%within the sector's middle half▲ 7.2pp35.7%within the sector's middle half▲ 6.9pp44.6%within the sector's middle half▲ 8.9pp36.4%within the sector's middle half▼ 8.1pp55.6%within the sector's middle half▲ 19.2pp
Current ratio0.33-0.31▼ 0.020.02below the sector's middle half▼ 0.280.25below the sector's middle half▲ 0.230.45below the sector's middle half▲ 0.190.57below the sector's middle half▲ 0.131.79within the sector's middle half▲ 1.210.56below the sector's middle half▼ 1.22
Return on assets (ROA)-5.3%--4.4%▲ 0.9pp1.6%within the sector's middle half▲ 6.1pp8.1%within the sector's middle half▲ 6.5pp8.1%within the sector's middle half=8.5%within the sector's middle half▲ 0.4pp-27.4%below the sector's middle half▼ 36.0pp-11.3%below the sector's middle half▲ 16.2pp
Staff (FTE)0below the sector's middle half
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 a loss of €39,594, after a profit of €113,924 in 2024. It is the lowest result since 2021.
Large changes and their cause
- 2025 Net result +78% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383,826
Fixed assets
€287,799 ▼ 8.5%
Current assets
€96,026 ▼ 75.4%
Equity and liabilities €383,826
Equity
€213,590 ▼ 16.8%
Debt
€170,236 ▼ 62.0%
Debt's share of the balance-sheet total falls from 63.6% to 44.4%. Equity and debt are lower.
Key figures and ratios
ROE
-20.2%▲
2024 · -75.3%
Debt ≤ 1 year
€170,236▼
2024 · €218,672
Debt > 1 year
€0▼
2024 · €229,700
Income taxes
-€1,267▼
2024 · €10,699
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,465 | €6,000 | €3,106 | €15,254 | €1,849 |
| Depreciation and write-downs of the year | €30,605 | €29,888 | €27,594 | €29,284 | €28,671 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,476 | €39,058 | €38,231 | €30,605 | €29,888 | €27,594 | €29,284 | €28,671 | ▼ 2.1% |
| Other operating charges640/8 | - | - | - | €3,878 | €3,128 | €2,907 | €4,134 | €2,943 | ▼ 28.8% |
| Gross operating margin9900 | €15,682 | €30,930 | €70,194 | €167,016 | €167,073 | €165,638 | €147,342 | -€7,980 | - |
| Operating profit (loss)9901 | -€19,600 | -€11,522 | €27,330 | €132,532 | €134,058 | €135,138 | €113,924 | -€39,594 | - |
| Financial income75/76B | - | - | - | - | €0 | €12 | €1,505 | €6,220 | ▲ 313% |
| Recurring financial income75 | €4 | €8 | - | - | €0 | €12 | €1,505 | €6,220 | ▲ 313% |
| Financial charges65/66B | - | - | - | €3,309 | €6,639 | €5,832 | €298,177 | €11,090 | ▼ 96.3% |
| Recurring financial charges65 | €7,556 | €8,966 | €9,988 | €3,309 | €6,639 | €5,832 | €298,177 | €11,090 | ▼ 96.3% |
| Profit (loss) for the period before taxes9903 | -€27,152 | -€20,480 | €17,342 | €129,223 | €127,418 | €129,317 | -€182,749 | -€44,464 | ▲ 75.7% |
| Income taxes67/77 | €583 | €415 | €2,165 | €49,535 | €44,706 | €43,236 | €10,699 | -€1,267 | - |
| Profit (loss) for the period9904 | -€27,735 | -€20,896 | €15,177 | €79,689 | €82,712 | €86,081 | -€193,449 | -€43,197 | ▲ 77.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €44,449 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€27,735 | -€20,896 | €15,177 | €124,138 | €82,712 | €86,081 | -€193,449 | -€43,197 | ▲ 77.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.5m | €0.9m | €1.0m | €1.0m | €1.0m | €0.7m | €0.4m | ▼ 45.6% |
| Fixed assets21/28 | €0.5m | €0.4m | €0.9m | €0.9m | €0.9m | €0.8m | €0.3m | €0.3m | ▼ 8.5% |
| Tangible fixed assets22/27 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.5% |
| Land and buildings22 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 8.7% |
| Plant, machinery and equipment23 | - | - | - | €477 | €337 | €197 | €57 | €0.002m | ▲ 30× |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 18.9% |
| Financial fixed assets28 | €250 | - | €0.5m | €0.5m | €0.5m | €0.5m | €0 | - | - |
| Current assets29/58 | €0.05m | €0.03m | €0.01m | €0.08m | €0.1m | €0.2m | €0.4m | €0.1m | ▼ 75.4% |
| Amounts receivable within one year40/41 | €0.02m | €0.01m | - | - | - | €0.001m | €0.1m | €0.09m | ▼ 13.6% |
| Trade receivables40 | - | - | - | - | - | €0.001m | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €0.1m | €0.09m | ▼ 13.6% |
| Current investments50/53 | - | - | - | - | - | €0.05m | €0.1m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.03m | €0.01m | €0.01m | €0.08m | €0.1m | €0.1m | €0.2m | €0.006m | ▼ 96.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.003m | €0.002m | €0.001m | ▼ 64.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.5m | €0.9m | €1.0m | €1.0m | €1.0m | €0.7m | €0.4m | ▼ 45.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.3m | €0.2m | ▼ 16.8% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€0.2m | -€0.2m | ▼ 27.0% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.7m | €0.7m | €0.7m | €0.6m | €0.4m | €0.2m | ▼ 62.0% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.2m | €0.4m | €0.3m | €0.3m | €0.2m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.6m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 22.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0 | ▼ 100% |
| Trade debts44 | €0.08m | €0.003m | €0.004m | €0.001m | €0.001m | €0 | - | - | - |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.08m | €0.05m | €200 | €236 | ▲ 17.9% |
| Taxes450/3 | - | - | - | €0.04m | €0.08m | €0.05m | €200 | €236 | ▲ 17.9% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,735 | -€20,896 | €15,177 | €79,689 | €82,712 | €86,081 | -€193,449 | -€43,197 | ▲ 77.7% |
| + Depreciation and write-downs630 | €33,476 | €39,058 | €38,231 | €30,605 | €29,888 | €27,594 | €29,284 | €28,671 | ▼ 2.1% |
| Operating cash flow (approximation) | €5,742 | €18,163 | €53,407 | €110,294 | €112,600 | €113,675 | -€164,165 | -€14,526 | ▲ 91.2% |
| Investment in fixed assets (approximation) | - | -€10,607 | -€520,235 | -€5,465 | -€6,000 | -€3,106 | €504,746 | -€1,849 | - |
| Change in cash | - | -€12,717 | -€4,529 | €71,754 | €64,954 | -€38,450 | €77,610 | -€179,414 | - |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00144844 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00121951 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00116043 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00196295 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20087394 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28700158 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18700591 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-48200596 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-20800073 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-28700311 |