Financials · financial year 2025, full format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 6 filings
Turnover
€0▼ 100%
2021 · €90,000
EBIT margin
85.8%▲ 112.1pp
2020 · -26.3%
Net result
-€4.3m▼ 34,030%
2024 · -€12,600
Working capital
-€1.8m▼ 421%
2024 · -€339,954
In the rankings
#6 company by equity in Aalter, Administrative and support services sector#7 company by total assets in Aalter, Administrative and support services sector
Multi-year overview
2020 to 2025, 6 financial yearsTurnover
no figure
2025
20202025
Operating result
-€4.3m
▼ 86,432%
2025
20202025
Net result
-€4.3m
▼ 34,030%
2025
lowest quarter of the sector
20202025
EBIT margin
no figure
2025
20202025
Equity
€3.3m
▼ 56.5%
2025
middle half of the sector
20202025
Total assets
€5.1m
▼ 35.6%
2025
middle half of the sector
20202025
Debt
€1.8m
▲ 421%
2025
20202025
Working capital
-€1.8m
▼ 421%
2025
lowest quarter of the sector
20202025
Solvency
64.7%
▼ 31.0pp
2025
middle half of the sector
20202025
Current ratio
0.00
=
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-83.9%
▼ 83.8pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€0.03m-€0.09m▲ 200%€0▼ 100%
Operating result-€0.008m-€0.08m-€0.006m-€0.008m▼ 24.0%-€0.005m▲ 35.3%-€4.3m▼ 86,432%
Net result-€0.1mbelow the sector's middle half-€2.0mabove the sector's middle half-€0.01mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 14.0%-€0.01mbelow the sector's middle half▲ 13.9%-€4.3mbelow the sector's middle half▼ 34,030%
EBIT margin-26.3%-85.8%▲ 112.1pp
Equity€5.7mabove the sector's middle half-€7.7mabove the sector's middle half▲ 34.3%€7.6mabove the sector's middle half▼ 0.2%€7.6mabove the sector's middle half▼ 0.2%€7.6mabove the sector's middle half▼ 0.2%€3.3mwithin the sector's middle half▼ 56.5%
Total assets€12.7mabove the sector's middle half-€8.0mabove the sector's middle half▼ 37.0%€8.0mabove the sector's middle half▼ 0.3%€8.0mabove the sector's middle half=€8.0mabove the sector's middle half=€5.1mwithin the sector's middle half▼ 35.6%
Debt€7.0m-€0.3m▼ 95.2%€0.3m▼ 3.7%€0.3m▲ 5.0%€0.3m▲ 3.2%€1.8m▲ 421%
Working capital-€0.7mbelow the sector's middle half--€0.3mbelow the sector's middle half▲ 56.8%-€0.3mbelow the sector's middle half▼ 2.1%-€0.3mbelow the sector's middle half▼ 4.7%-€0.3mbelow the sector's middle half▼ 3.8%-€1.8mbelow the sector's middle half▼ 421%
Solvency45.0%within the sector's middle half-95.8%above the sector's middle half▲ 50.9pp96.0%above the sector's middle half▲ 0.1pp95.8%above the sector's middle half▼ 0.2pp95.6%above the sector's middle half▼ 0.1pp64.7%within the sector's middle half▼ 31.0pp
Current ratio0.10below the sector's middle half-0.08below the sector's middle half▼ 0.020.00below the sector's middle half▼ 0.080.01below the sector's middle half=0.00below the sector's middle half▼ 0.010.00below the sector's middle half=
Return on assets (ROA)-0.9%within the sector's middle half-24.5%above the sector's middle half▲ 25.4pp-0.2%within the sector's middle half▼ 24.6pp-0.2%within the sector's middle half=-0.2%within the sector's middle half=-83.9%below the sector's middle half▼ 83.8pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 €4.3m, larger than the loss of €4,928 in 2024. It is the lowest result since 2020.
Large changes and their cause
- 2025 Net result -34,030%, Equity -56% on 2024. Merger absorbing ICE AGE, Official Gazette 10-03-2025.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€5.1m ▼ 35.7%
Current assets
€3,851 ▲ 525%
Equity and liabilities €5.1m
Equity
€3.3m ▼ 56.5%
Debt
€1.8m ▲ 421%
Debt's share of the balance-sheet total rises from 4.4% to 35.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-129.7%▼
2024 · -0.2%
Debt ≤ 1 year
€1.8m▲
2024 · €340,570
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | €18.0m | €18.0m | €18.0m | €5.1m |
| Carrying value of the other pledged assets | - | €8.0m | €8.0m | €8.0m | €5.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | - | - | €4.3m |
| Financial fixed assets | - | - | - | - | €5.1m |
| Depreciation and write-downs of the year | - | - | - | - | €4.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | €1,812 | €1,844 | €1,960 | €2,500 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | €0.09m | €0 | - | - | - | - |
| Turnover70 | €0.03m | €0.09m | €0 | - | - | - | - |
| Operating charges60/66A | - | €0.01m | €0.006m | €0.008m | €0.005m | €4.3m | ▲ 865× |
| Services and other goods61 | - | €0.01m | €0.005m | €0.007m | €0.003m | €0.01m | ▲ 349% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €4.3m | - |
| Other operating charges640/8 | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.001m | ▼ 52.4% |
| Operating profit (loss)9901 | -€0.008m | €0.08m | -€0.006m | -€0.008m | -€0.005m | -€4.3m | ▼ 86,432% |
| Financial income75/76B | - | €2.1m | €0 | - | - | - | - |
| Recurring financial income75 | - | €2.1m | €0 | - | - | - | - |
| Income from financial fixed assets750 | - | €2.1m | €0 | - | - | - | - |
| Income from current assets751 | - | €320 | €0 | - | - | - | - |
| Financial charges65/66B | - | €0.3m | €0.007m | €0.007m | €0.008m | €0.04m | ▲ 371% |
| Recurring financial charges65 | €0.1m | €0.3m | €0.007m | €0.007m | €0.008m | €0.04m | ▲ 371% |
| Debt charges650 | €0.1m | €0.3m | €0.006m | €0.006m | €0.007m | €0.04m | ▲ 427% |
| Other financial charges652/9 | - | €329 | €370 | €0.001m | €0.001m | €0.001m | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | -€0.1m | €2.0m | -€0.01m | -€0.01m | -€0.01m | -€4.3m | ▼ 34,030% |
| Profit (loss) for the period9904 | -€0.1m | €2.0m | -€0.01m | -€0.01m | -€0.01m | -€4.3m | ▼ 34,030% |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €2.0m | -€0.01m | -€0.01m | -€0.01m | -€4.3m | ▼ 34,030% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €12.7m | €8.0m | €8.0m | €8.0m | €8.0m | €5.1m | ▼ 35.6% |
| Fixed assets21/28 | €12.6m | €8.0m | €8.0m | €8.0m | €8.0m | €5.1m | ▼ 35.7% |
| Financial fixed assets28 | €12.6m | €8.0m | €8.0m | €8.0m | €8.0m | €5.1m | ▼ 35.7% |
| Affiliated companies280/1 | - | €8.0m | €8.0m | €8.0m | €8.0m | €5.1m | ▼ 35.7% |
| Participating interests280 | - | €8.0m | €8.0m | €8.0m | €8.0m | €5.1m | ▼ 35.7% |
| Current assets29/58 | €0.08m | €0.03m | €0.001m | €0.002m | €0.001m | €0.004m | ▲ 525% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.008m | €0.02m | €0 | - | - | €0.001m | - |
| Other amounts receivable41 | - | €0.02m | €0 | - | - | €0.001m | - |
| Cash at bank and in hand54/58 | €0.07m | €0.01m | €0.001m | €0.002m | €0.001m | €0.003m | ▲ 336% |
| Deferred charges and accrued income490/1 | - | €320 | €320 | €320 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €12.7m | €8.0m | €8.0m | €8.0m | €8.0m | €5.1m | ▼ 35.6% |
| Equity10/15 | €5.7m | €7.7m | €7.6m | €7.6m | €7.6m | €3.3m | ▼ 56.5% |
| Contributions10/11 | - | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Reserves13 | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Distributable reserves133 | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Profit (loss) carried forward14 | -€0.1m | - | - | - | - | -€4.3m | - |
| Amounts payable17/49 | €7.0m | €0.3m | €0.3m | €0.3m | €0.3m | €1.8m | ▲ 421% |
| Amounts payable after more than one year17 | €6.1m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.3m | €0.3m | €0.3m | €0.3m | €1.8m | ▲ 422% |
| Trade debts44 | €260 | €0.001m | €0.003m | €0.004m | €0.002m | €297 | ▼ 86.1% |
| Suppliers440/4 | - | €0.001m | €0.003m | €0.004m | €0.002m | €297 | ▼ 86.1% |
| Taxes, remuneration and social security45 | - | €0.02m | €0 | - | - | - | - |
| Taxes450/3 | - | €0.02m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €0.3m | €0.3m | €0.3m | €0.3m | €1.8m | ▲ 425% |
| Accrued charges and deferred income492/3 | - | - | €0.006m | €0.006m | €0.007m | €0.03m | ▲ 412% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | €2.0m | -€0.01m | -€0.01m | -€0.01m | -€4.3m | ▼ 34,030% |
| + Depreciation and write-downs630 | - | - | - | - | - | €4.3m | - |
| Operating cash flow (approximation) | -€0.1m | €2.0m | -€0.01m | -€0.01m | -€0.01m | -€0.05m | ▼ 286% |
| Investment in fixed assets (approximation) | - | €4.6m | €0 | €0 | €0 | -€1.4m | - |
| Change in cash | - | -€0.06m | -€0.01m | €0.001m | -€0.002m | €0.002m | - |
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 |
|---|---|---|---|---|
| 31-12-2025 | full format | 01-07-2026 | 2026-00248213 | |
| 31-12-2024 | full format | 09-07-2025 | 2025-00258782 | |
| 31-12-2023 | full format | 08-07-2024 | 2024-00224946 | |
| 31-12-2022 | full format | 09-10-2023 | 2023-00484810 | |
| 31-12-2021 | full format | 08-06-2022 | 2022-20059913 | |
| 30-06-2020 | full format | 26-12-2020 | 2020-77100441 |