NCCB
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 87 days after the deadline Filed on 26 January 2026, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2026-00016887.
Annual accounts 2025 filed on 26-01-2026 PDF all 6 filings
Turnover
≈ €1.0m
Estimated: probably between €960,000 and €1.4m
EBIT margin
Not included in this filing
Net result
€80,005▲ 3.4%
2024 · €77,349
Working capital
-€168,794
2024 · €32,727
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€120,802
▼ 8.0%
2025
20202025
Net result
€80,005
▲ 3.4%
2025
highest quarter of the sector
20202025
Equity
€244,974
▼ 42.4%
2025
middle half of the sector
20202025
Total assets
€644,670
▼ 11.6%
2025
middle half of the sector
20202025
Debt
€399,696
▲ 31.5%
2025
20202025
Working capital
-€168,794
2025
lowest quarter of the sector
20202025
Solvency
38.0%
▼ 20.3pp
2025
middle half of the sector
20202025
Current ratio
0.47
▼ 0.65
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
12.4%
▲ 1.8pp
2025
highest quarter of the sector
20202025
Staff (FTE)
5.4
▲ 10.2%
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€63,936-€79,859▲ 24.9%€197,450▲ 147%€99,081▼ 49.8%€131,316▲ 32.5%€120,802▼ 8.0%
Net result€45,833above the sector's middle half-€65,633above the sector's middle half▲ 43.2%€146,253above the sector's middle half▲ 123%€78,064above the sector's middle half▼ 46.6%€77,349above the sector's middle half▼ 0.9%€80,005above the sector's middle half▲ 3.4%
Equity€58,233within the sector's middle half-€123,866above the sector's middle half▲ 113%€270,119above the sector's middle half▲ 118%€348,184above the sector's middle half▲ 28.9%€425,533above the sector's middle half▲ 22.2%€244,974within the sector's middle half▼ 42.4%
Total assets€175,787within the sector's middle half-€273,967above the sector's middle half▲ 55.9%€471,016within the sector's middle half▲ 71.9%€632,331within the sector's middle half▲ 34.2%€729,402within the sector's middle half▲ 15.4%€644,670within the sector's middle half▼ 11.6%
Debt€117,554-€150,100▲ 27.7%€200,896▲ 33.8%€284,147▲ 41.4%€303,869▲ 6.9%€399,696▲ 31.5%
Working capital€15,584within the sector's middle half-€64,166above the sector's middle half▲ 312%€4,315within the sector's middle half▼ 93.3%-€75,791within the sector's middle half€32,727within the sector's middle half-€168,794below the sector's middle half
Solvency33.1%within the sector's middle half-45.2%within the sector's middle half▲ 12.1pp57.3%above the sector's middle half▲ 12.1pp55.1%above the sector's middle half▼ 2.3pp58.3%above the sector's middle half▲ 3.3pp38.0%within the sector's middle half▼ 20.3pp
Current ratio1.38within the sector's middle half-1.73within the sector's middle half▲ 0.351.03within the sector's middle half▼ 0.700.66within the sector's middle half▼ 0.361.12within the sector's middle half▲ 0.460.47below the sector's middle half▼ 0.65
Return on assets (ROA)26.1%above the sector's middle half-24.0%within the sector's middle half▼ 2.1pp31.1%above the sector's middle half▲ 7.1pp12.3%above the sector's middle half▼ 18.7pp10.6%within the sector's middle half▼ 1.7pp12.4%above the sector's middle half▲ 1.8pp
Staff (FTE)8.4above the sector's middle half-6.3▼ 25.0%5.3within the sector's middle half▼ 15.9%5.3within the sector's middle half=4.9within the sector's middle half▼ 7.5%5.4within the sector's middle half▲ 10.2%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 8% lower than 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 €644,670
Fixed assets
€494,499 ▲ 13.9%
Current assets
€150,171 ▼ 49.2%
Equity and liabilities €644,670
Equity
€244,974 ▼ 42.4%
Debt
€399,696 ▲ 31.5%
Debt's share of the balance-sheet total rises from 41.7% to 62.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€163,396▼
2024 · €176,936
Cash flow
€122,598▼
2024 · €122,969
Quick ratio
0.44▼
2024 · 1.07
Debt to equity
1.63▲
2024 · 0.71
ROE
32.7%▲
2024 · 18.2%
Interest coverage
10.86▲
2024 · 8.08
Debt ≤ 1 year
€318,965▲
2024 · €262,600
Debt > 1 year
€80,731▲
2024 · €41,269
Income taxes
€30,133▼
2024 · €34,086
Staff costs
€260,940▲
2024 · €256,020
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 14 | 13 | 11 |
| full-time | 1 | 4 | 3 | 3 |
| part-time | 12 | 10 | 10 | 8 |
| in full-time equivalents | 2.9 | 5.5 | 4.7 | 4.9 |
| Average over the year, in full-time equivalents | 5.3 | 5.3 | 4.9 | 5.4 |
| On a permanent contract | 2 | 2 | 4 | 4 |
| Joined | 21 | 22 | 14 | 12 |
| Left | 19 | 21 | 15 | 14 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €23,135 | €82,149 | - | €63,285 |
| Intangible fixed assets | - | - | - | €44,486 |
| Financial fixed assets | €200,000 | €130,000 | - | - |
| Depreciation and write-downs of the year | €31,261 | €43,308 | €45,620 | €42,594 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €190,669 | €221,229 | €256,020 | €260,940 | ▲ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,899 | €24,167 | €31,261 | €43,308 | €45,620 | €42,594 | ▼ 6.6% |
| Other operating charges640/8 | - | - | €5,805 | €7,837 | €10,213 | €15,755 | ▲ 54.3% |
| Gross operating margin9900 | €320,099 | €251,776 | €425,185 | €371,456 | €443,170 | €440,092 | ▼ 0.7% |
| Operating profit (loss)9901 | €63,936 | €79,859 | €197,450 | €99,081 | €131,316 | €120,802 | ▼ 8.0% |
| Financial income75/76B | - | - | €2,409 | €6,655 | €2,021 | €4,385 | ▲ 117% |
| Recurring financial income75 | €142 | €668 | €2,409 | €6,655 | €2,021 | €4,385 | ▲ 117% |
| Financial charges65/66B | - | - | €7,969 | €4,423 | €21,903 | €15,050 | ▼ 31.3% |
| Recurring financial charges65 | €7,745 | €5,670 | €7,969 | €4,423 | €21,903 | €15,050 | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €56,333 | €74,857 | €191,891 | €101,312 | €111,435 | €110,138 | ▼ 1.2% |
| Income taxes67/77 | €10,500 | €9,224 | €45,638 | €23,248 | €34,086 | €30,133 | ▼ 11.6% |
| Profit (loss) for the period9904 | €45,833 | €65,633 | €146,253 | €78,064 | €77,349 | €80,005 | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | €45,833 | €65,633 | €146,253 | €78,064 | €77,349 | €80,005 | ▲ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €175,787 | €273,967 | €471,016 | €632,331 | €729,402 | €644,670 | ▼ 11.6% |
| Fixed assets21/28 | €119,040 | €121,566 | €313,439 | €482,279 | €434,075 | €494,499 | ▲ 13.9% |
| Intangible fixed assets21 | €18,855 | €16,760 | €14,665 | €12,570 | €10,475 | €45,919 | ▲ 338% |
| Tangible fixed assets22/27 | €100,061 | €104,342 | €98,310 | €139,245 | €93,136 | €118,116 | ▲ 26.8% |
| Plant, machinery and equipment23 | - | - | €48,002 | €45,031 | €23,393 | €57,414 | ▲ 145% |
| Furniture and vehicles24 | - | - | €25,582 | €75,397 | €67,762 | €60,330 | ▼ 11.0% |
| Other tangible fixed assets26 | - | - | €24,726 | €18,817 | €1,981 | €372 | ▼ 81.2% |
| Financial fixed assets28 | €124 | €464 | €200,464 | €330,464 | €330,464 | €330,464 | = |
| Current assets29/58 | €56,747 | €152,401 | €157,576 | €150,052 | €295,327 | €150,171 | ▼ 49.2% |
| Amounts receivable after more than one year29 | - | - | €70,090 | €54,209 | €60,464 | - | - |
| Other amounts receivable291 | - | - | €70,090 | €54,209 | €60,464 | - | - |
| Stocks and contracts in progress3 | €12,272 | €5,255 | €3,420 | €11,135 | €15,197 | €10,074 | ▼ 33.7% |
| Stocks30/36 | - | - | €3,420 | €11,135 | €15,197 | €10,074 | ▼ 33.7% |
| Amounts receivable within one year40/41 | €750 | €85,827 | €64,226 | €74,798 | €181,117 | €117,326 | ▼ 35.2% |
| Trade receivables40 | - | - | €492 | €2,082 | €18,369 | €7,120 | ▼ 61.2% |
| Other amounts receivable41 | - | - | €63,734 | €72,716 | €162,748 | €110,206 | ▼ 32.3% |
| Cash at bank and in hand54/58 | €30,515 | €16,319 | €19,840 | €7,170 | €38,429 | €22,770 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,740 | €120 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €175,787 | €273,967 | €471,016 | €632,331 | €729,402 | €644,670 | ▼ 11.6% |
| Equity10/15 | €58,233 | €123,866 | €270,119 | €348,184 | €425,533 | €244,974 | ▼ 42.4% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €31,000 | ▲ 150% |
| Reserves13 | €45,833 | €111,466 | €257,719 | €335,784 | €413,133 | €213,974 | ▼ 48.2% |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | - | - |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | - | - |
| Distributable reserves133 | - | - | €255,719 | €333,784 | €411,133 | €213,974 | ▼ 48.0% |
| Amounts payable17/49 | €117,554 | €150,100 | €200,896 | €284,147 | €303,869 | €399,696 | ▲ 31.5% |
| Amounts payable after more than one year17 | €75,901 | €61,866 | €47,635 | €57,429 | €41,269 | €80,731 | ▲ 95.6% |
| Financial debts170/4 | - | - | €47,635 | €57,429 | €24,329 | €80,731 | ▲ 232% |
| Trade debts175 | - | - | - | - | €16,940 | - | - |
| Amounts payable within one year42/48 | €41,163 | €88,235 | €153,261 | €225,843 | €262,600 | €318,965 | ▲ 21.5% |
| Current portion of amounts payable after more than one year42 | - | - | €14,231 | €59,700 | €57,921 | €73,097 | ▲ 26.2% |
| Financial debts43 | - | - | - | - | - | €25 | - |
| Credit institutions430/8 | - | - | - | - | - | €25 | - |
| Trade debts44 | €12,431 | €59,256 | €49,367 | €82,075 | €120,617 | €118,927 | ▼ 1.4% |
| Suppliers440/4 | - | - | €49,367 | €82,075 | €120,617 | €118,927 | ▼ 1.4% |
| Taxes, remuneration and social security45 | - | - | €89,664 | €84,069 | €83,285 | €69,231 | ▼ 16.9% |
| Taxes450/3 | - | - | €70,105 | €61,982 | €35,834 | €38,899 | ▲ 8.6% |
| Remuneration and social security454/9 | - | - | €19,558 | €22,087 | €47,451 | €30,333 | ▼ 36.1% |
| Other amounts payable47/48 | - | - | - | - | €777 | €57,684 | ▲ 74× |
| Accrued charges and deferred income492/3 | - | - | - | €875 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,833 | €65,633 | €146,253 | €78,064 | €77,349 | €80,005 | ▲ 3.4% |
| + Depreciation and write-downs630 | €21,899 | €24,167 | €31,261 | €43,308 | €45,620 | €42,594 | ▼ 6.6% |
| Operating cash flow (approximation) | €67,732 | €89,800 | €177,514 | €121,373 | €122,969 | €122,598 | ▼ 0.3% |
| Investment in fixed assets (approximation) | - | -€26,693 | -€223,135 | -€212,149 | €2,584 | -€103,018 | - |
| Change in cash | - | -€14,196 | €3,521 | -€12,670 | €31,260 | -€15,659 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | full format | 26-01-2026 | 2026-00016887 | |
| 31-03-2024 | full format | 14-11-2024 | 2024-00600191 | |
| 31-03-2023 | full format | 06-11-2023 | 2023-00509550 | |
| 31-03-2022 | full format | 09-11-2022 | 2022-20517754 | |
| 31-03-2021 | micro format | 30-11-2021 | 2021-78900420 | |
| 31-03-2020 | micro format | 28-08-2020 | 2020-46300442 |