ML COMPTAFISC
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-06-2026 at the NBB all 9 filings
Turnover
≈ €75,000
Estimated: probably between €54,000 and €120,000
EBIT margin
Not included in this filing
Net result
€15,068▲ 49.3%
2024 · €10,090
Working capital
€57,633▲ 35.6%
2024 · €42,502
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€15,230
▲ 18.0%
2025
20182025
Net result
€15,068
▲ 49.3%
2025
lowest quarter of the sector
20182025
Equity
€106,726
▲ 16.4%
2025
middle half of the sector
20182025
Total assets
€107,179
▲ 15.0%
2025
lowest quarter of the sector
20182025
Debt
€453
▼ 70.1%
2025
20182025
Working capital
€57,633
▲ 35.6%
2025
middle half of the sector
20182025
Solvency
99.6%
▲ 1.2pp
2025
highest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
14.1%
▲ 3.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€13,779-€11,547▼ 16.2%€11,846▲ 2.6%€10,508▼ 11.3%€12,459▲ 18.6%€15,642▲ 25.5%€12,902▼ 17.5%€15,230▲ 18.0%
Net result€11,193-€10,065▼ 10.1%€9,771within the sector's middle half▼ 2.9%€8,709below the sector's middle half▼ 10.9%€10,805within the sector's middle half▲ 24.1%€12,571within the sector's middle half▲ 16.3%€10,090below the sector's middle half▼ 19.7%€15,068below the sector's middle half▲ 49.3%
Equity€29,646-€39,711▲ 34.0%€49,483below the sector's middle half▲ 24.6%€58,192within the sector's middle half▲ 17.6%€68,997within the sector's middle half▲ 18.6%€81,568within the sector's middle half▲ 18.2%€91,658within the sector's middle half▲ 12.4%€106,726within the sector's middle half▲ 16.4%
Total assets€40,195-€44,519▲ 10.8%€50,758below the sector's middle half▲ 14.0%€59,044below the sector's middle half▲ 16.3%€70,001below the sector's middle half▲ 18.6%€83,515below the sector's middle half▲ 19.3%€93,175within the sector's middle half▲ 11.6%€107,179below the sector's middle half▲ 15.0%
Debt€10,549-€4,808▼ 54.4%€1,275▼ 73.5%€852▼ 33.2%€1,004▲ 17.9%€1,948▲ 93.9%€1,517▼ 22.1%€453▼ 70.1%
Working capital-€1,976-€2,617€11,632within the sector's middle half▲ 345%€6,977within the sector's middle half▼ 40.0%€18,741within the sector's middle half▲ 169%€31,893within the sector's middle half▲ 70.2%€42,502within the sector's middle half▲ 33.3%€57,633within the sector's middle half▲ 35.6%
Solvency73.8%-89.2%▲ 15.4pp97.5%above the sector's middle half▲ 8.3pp98.6%above the sector's middle half▲ 1.1pp98.6%above the sector's middle half=97.7%above the sector's middle half▼ 0.9pp98.4%above the sector's middle half▲ 0.7pp99.6%above the sector's middle half▲ 1.2pp
Current ratio0.81-1.54▲ 0.7310.12above the sector's middle half▲ 8.589.19above the sector's middle half▼ 0.9319.66above the sector's middle half▲ 10.4717.37above the sector's middle half▼ 2.2929.02above the sector's middle half▲ 11.64
Return on assets (ROA)27.8%-22.6%▼ 5.2pp19.3%above the sector's middle half▼ 3.4pp14.8%within the sector's middle half▼ 4.5pp15.4%within the sector's middle half▲ 0.7pp15.1%within the sector's middle half▼ 0.4pp10.8%within the sector's middle half▼ 4.2pp14.1%within the sector's middle half▲ 3.2pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). 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. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,179
Fixed assets
€49,093 ▼ 0.1%
Current assets
€58,086 ▲ 32.0%
Equity and liabilities €107,179
Equity
€106,726 ▲ 16.4%
Debt
€453 ▼ 70.1%
Debt's share of the balance-sheet total falls from 1.6% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,293▲
2024 · €13,420
Cash flow
€15,131▲
2024 · €10,609
Debt to equity
0.00▼
2024 · 0.02
ROE
14.1%▲
2024 · 11.0%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€453▼
2024 · €1,517
Income taxes
€3,875▲
2024 · €3,050
A ratio outside any meaningful range has been withheld (balance sheet total €107,179, equity €106,726).
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 | €1,743 | - | - | - | - |
| Financial fixed assets | €11,999 | - | - | - | - |
| Depreciation and write-downs of the year | €378 | €959 | €581 | €518 | €63 |
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 | €466 | €466 | €378 | €378 | €959 | €581 | €518 | €63 | ▼ 87.8% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €398 | €400 | ▲ 0.4% |
| Gross operating margin9900 | €14,592 | €12,360 | €12,572 | €11,233 | €13,765 | €16,607 | €13,818 | €15,693 | ▲ 13.6% |
| Operating profit (loss)9901 | €13,779 | €11,547 | €11,846 | €10,508 | €12,459 | €15,642 | €12,902 | €15,230 | ▲ 18.0% |
| Financial income75/76B | - | - | - | €1,098 | €1,988 | €694 | €278 | €3,755 | ▲ 14× |
| Recurring financial income75 | €2,078 | €3,355 | €1,728 | €1,098 | €1,988 | €694 | €278 | €3,755 | ▲ 14× |
| Financial charges65/66B | - | - | - | €43 | €39 | €39 | €40 | €42 | ▲ 6.1% |
| Recurring financial charges65 | €40 | €192 | €38 | €43 | €39 | €39 | €40 | €42 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €15,816 | €14,711 | €13,536 | €11,562 | €14,407 | €16,297 | €13,140 | €18,943 | ▲ 44.2% |
| Income taxes67/77 | €4,623 | €4,645 | €3,764 | €2,853 | €3,602 | €3,726 | €3,050 | €3,875 | ▲ 27.0% |
| Profit (loss) for the period9904 | €11,193 | €10,065 | €9,771 | €8,709 | €10,805 | €12,571 | €10,090 | €15,068 | ▲ 49.3% |
| Profit (loss) for the period to be appropriated9905 | €11,193 | €10,065 | €9,771 | €8,709 | €10,805 | €12,571 | €10,090 | €15,068 | ▲ 49.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €40,195 | €44,519 | €50,758 | €59,044 | €70,001 | €83,515 | €93,175 | €107,179 | ▲ 15.0% |
| Fixed assets21/28 | €31,622 | €37,094 | €37,850 | €51,214 | €50,255 | €49,674 | €49,156 | €49,093 | ▼ 0.1% |
| Tangible fixed assets22/27 | €466 | - | €756 | €2,121 | €1,162 | €581 | €63 | - | - |
| Furniture and vehicles24 | - | - | - | €2,121 | €1,162 | €581 | €63 | - | - |
| Financial fixed assets28 | €31,156 | €37,094 | €37,094 | €49,093 | €49,093 | €49,093 | €49,093 | €49,093 | = |
| Current assets29/58 | €8,574 | €7,425 | €12,908 | €7,829 | €19,746 | €33,841 | €44,019 | €58,086 | ▲ 32.0% |
| Amounts receivable within one year40/41 | €1,012 | €1,036 | €218 | €854 | - | €2,692 | €4,274 | €4,073 | ▼ 4.7% |
| Trade receivables40 | - | - | - | €454 | - | €2,692 | €3,424 | €787 | ▼ 77.0% |
| Other amounts receivable41 | - | - | - | €400 | - | - | €850 | €3,286 | ▲ 287% |
| Cash at bank and in hand54/58 | €7,562 | €6,389 | €12,690 | €6,976 | €19,746 | €31,149 | €39,744 | €54,013 | ▲ 35.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €40,195 | €44,519 | €50,758 | €59,044 | €70,001 | €83,515 | €93,175 | €107,179 | ▲ 15.0% |
| Equity10/15 | €29,646 | €39,711 | €49,483 | €58,192 | €68,997 | €81,568 | €91,658 | €106,726 | ▲ 16.4% |
| Contributions10/11 | €6,260 | €6,260 | €6,260 | €6,260 | €6,260 | €6,260 | €6,260 | €6,260 | = |
| Capital10 | - | - | - | €6,260 | €6,260 | €6,260 | €6,260 | €6,260 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,340 | €12,340 | €12,340 | €12,340 | €12,340 | = |
| Reserves13 | €1,169 | €1,673 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €22,217 | €31,779 | €41,363 | €50,072 | €60,877 | €73,448 | €83,538 | €98,606 | ▲ 18.0% |
| Amounts payable17/49 | €10,549 | €4,808 | €1,275 | €852 | €1,004 | €1,948 | €1,517 | €453 | ▼ 70.1% |
| Amounts payable within one year42/48 | €10,549 | €4,808 | €1,275 | €852 | €1,004 | €1,948 | €1,517 | €453 | ▼ 70.1% |
| Trade debts44 | €244 | €44 | €229 | - | - | - | €433 | €35 | ▼ 91.9% |
| Suppliers440/4 | - | - | - | - | - | - | €433 | €35 | ▼ 91.9% |
| Taxes, remuneration and social security45 | - | - | - | €701 | €853 | €1,796 | €932 | €418 | ▼ 55.2% |
| Taxes450/3 | - | - | - | €701 | €853 | €1,796 | €932 | €418 | ▼ 55.2% |
| Other amounts payable47/48 | - | - | - | €152 | €152 | €152 | €152 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,193 | €10,065 | €9,771 | €8,709 | €10,805 | €12,571 | €10,090 | €15,068 | ▲ 49.3% |
| + Depreciation and write-downs630 | €466 | €466 | €378 | €378 | €959 | €581 | €518 | €63 | ▼ 87.8% |
| Operating cash flow (approximation) | €11,659 | €10,531 | €10,150 | €9,087 | €11,764 | €13,152 | €10,609 | €15,131 | ▲ 42.6% |
| Investment in fixed assets (approximation) | - | -€5,938 | -€1,134 | -€13,742 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,172 | €6,301 | -€5,714 | €12,770 | €11,403 | €8,596 | €14,269 | ▲ 66.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as ML COMPTAFISC has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of ML COMPTAFISC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ML COMPTAFISC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-06-2026 | 2026-00165069 | |
| 31-12-2024 | micro format | 15-06-2025 | 2025-00146101 | |
| 31-12-2023 | micro format | 15-06-2024 | 2024-00138378 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00126321 | |
| 31-12-2021 | full format | 14-06-2022 | 2022-20064802 | |
| 31-12-2020 | full format | 19-06-2021 | 2021-21800311 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-37400400 | |
| 31-12-2018 | full format | 03-07-2019 | 2019-29400030 | |
| 31-12-2017 | full format | 08-08-2018 | 2018-44300513 |