Financials · financial year 2026, micro format
Annual accounts 2026 filed on 25-10-2026 at the NBB all 13 filings
Equity
€2.6m▼ 3.9%
2025 · €2.7m
Net result
€1,918▼ 94.8%
2025 · €36,782
Total assets
€2.9m▼ 3.5%
2025 · €3.0m
Solvency
90.3%▼ 0.4pp
2025 · 90.7%
Multi-year overview
2019 to 2026, 7 financial yearsOperating result
€21,445
▼ 56.0%
2026
20192026
Net result
€1,918
▼ 94.8%
2026
20192026
Equity
€2.6m
▼ 3.9%
2026
20192026
Total assets
€2.9m
▼ 3.5%
2026
20192026
Debt
€283,080
▲ 0.6%
2026
20192026
Working capital
€1.4m
▼ 8.3%
2026
20192026
Solvency
90.3%
▼ 0.4pp
2026
20192026
Current ratio
14.62
▼ 2.71
2026
20192026
Return on assets (ROA)
0.1%
▼ 1.2pp
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212023202420252026
Operating result€0.03m-€0.2m▲ 493%€0.2m▼ 8.9%€0.09m-€0.04m▼ 48.4%€0.05m▲ 10.5%€0.02m▼ 56.0%
Net result€0.004m-€0.1mwithin the sector's middle half▲ 28×€0.08mwithin the sector's middle half▼ 21.7%€1.5mabove the sector's middle half-€1.0mabove the sector's middle half▼ 34.4%€0.04mwithin the sector's middle half▼ 96.3%€0.002m▼ 94.8%
Equity€0.1m-€0.2mwithin the sector's middle half▲ 109%€0.3mwithin the sector's middle half▲ 40.8%€1.8mabove the sector's middle half-€2.7mabove the sector's middle half▲ 53.1%€2.7mabove the sector's middle half▲ 1.4%€2.6m▼ 3.9%
Total assets€1.0m-€1.0mwithin the sector's middle half▼ 0.4%€1.1mwithin the sector's middle half▲ 9.5%€1.9mabove the sector's middle half-€3.0mabove the sector's middle half▲ 56.9%€3.0mabove the sector's middle half▼ 0.7%€2.9m▼ 3.5%
Debt€0.9m-€0.8m▼ 12.3%€0.8m▲ 1.3%€0.2m-€0.3m▲ 94.8%€0.3m▼ 17.0%€0.3m▲ 0.6%
Working capital-€0.08m--€0.07mbelow the sector's middle half▲ 8.7%€0.02mwithin the sector's middle half€1.6mabove the sector's middle half-€1.5mabove the sector's middle half▼ 5.3%€1.5mabove the sector's middle half▼ 0.1%€1.4m▼ 8.3%
Solvency9.8%-20.6%within the sector's middle half▲ 10.8pp26.5%within the sector's middle half▲ 5.9pp91.0%above the sector's middle half-88.8%above the sector's middle half▼ 2.2pp90.7%above the sector's middle half▲ 1.8pp90.3%▼ 0.4pp
Current ratio0.25-0.29below the sector's middle half▲ 0.031.22within the sector's middle half▲ 0.9311.75above the sector's middle half-8.05above the sector's middle half▼ 3.7017.32above the sector's middle half▲ 9.2714.62▼ 2.71
Return on assets (ROA)0.4%-10.7%within the sector's middle half▲ 10.4pp7.7%within the sector's middle half▼ 3.1pp78.0%above the sector's middle half-32.6%above the sector's middle half▼ 45.4pp1.2%below the sector's middle half▼ 31.4pp0.1%▼ 1.2pp
Staff (FTE)0below the sector's middle half-0below the sector's middle half0below 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 2026 is 56% lower than in 2025 and the lowest since 2019.
Large changes and their cause
- 2025 Net result -96% on 2024. The 2024 profit included a one-off income of €1,053,633.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.4m ▲ 0.6%
Current assets
€1.5m ▼ 7.3%
Equity and liabilities €2.9m
Equity
€2.6m ▼ 3.9%
Debt
€283,080 ▲ 0.6%
Debt's share of the balance-sheet total rises from 9.3% to 9.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
0.1%▼
2025 · 1.3%
Debt ≤ 1 year
€99,826▲
2025 · €90,820
Debt > 1 year
€152,949▼
2025 · €160,186
Income taxes
€23,475▲
2025 · €23,177
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €212,281 | €307,037 | €112,289 | €15,643 |
| Financial fixed assets | - | - | €825,000 | - | - |
| Depreciation and write-downs of the year | - | €4,678 | €9,711 | €11,250 | €22,868 |
Source: notes to the 2021 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.03m | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.006m | - | €0.005m | €0.01m | €0.01m | €0.02m | ▲ 103% |
| Other operating charges640/8 | - | - | €0.001m | €0.002m | €0.001m | €0.001m | €0.003m | ▲ 88.2% |
| Gross operating margin9900 | €0.04m | €0.2m | €0.2m | €0.09m | €0.06m | €0.06m | €0.05m | ▼ 23.7% |
| Operating profit (loss)9901 | €0.03m | €0.2m | €0.2m | €0.09m | €0.04m | €0.05m | €0.02m | ▼ 56.0% |
| Financial income75/76B | - | - | €375 | €1.6m | €1.1m | €0.02m | €0.01m | ▼ 57.4% |
| Recurring financial income75 | - | - | €375 | €403 | €0.01m | €0.02m | €0.01m | ▼ 57.4% |
| Non-recurring financial income76B | - | - | - | €1.6m | €1.1m | €0 | - | - |
| Financial charges65/66B | - | - | €0.03m | €0.03m | €0.002m | €0.01m | €0.006m | ▼ 50.0% |
| Recurring financial charges65 | €86 | €89 | €0.03m | €0.03m | €0.002m | €0.01m | €0.006m | ▼ 50.0% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.2m | €0.1m | €1.7m | €1.1m | €0.06m | €0.03m | ▼ 57.7% |
| Income taxes67/77 | €0.02m | €0.06m | €0.04m | €0.2m | €0.1m | €0.02m | €0.02m | ▲ 1.3% |
| Profit (loss) for the period9904 | €0.004m | €0.1m | €0.08m | €1.5m | €1.0m | €0.04m | €0.002m | ▼ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €0.004m | €0.1m | €0.08m | €1.5m | €1.0m | €0.04m | €0.002m | ▼ 94.8% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €1.0m | €1.1m | €1.9m | €3.0m | €3.0m | €2.9m | ▼ 3.5% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €0.2m | €1.3m | €1.4m | €1.4m | ▲ 0.6% |
| Tangible fixed assets22/27 | €0.008m | €0.002m | €0.002m | €0.2m | €0.5m | €0.6m | €0.6m | ▲ 1.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.003m | €0.002m | ▼ 20.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.02m | €0.01m | €0.008m | ▼ 33.7% |
| Other tangible fixed assets26 | - | - | €0.002m | €0.06m | €0.09m | €0.6m | €0.6m | ▲ 9.1% |
| Assets under construction and advance payments27 | - | - | - | €0.1m | €0.4m | €0.04m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.9m | €0.9m | €0.9m | €0.01m | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €0.03m | €0.03m | €0.1m | €1.7m | €1.7m | €1.6m | €1.5m | ▼ 7.3% |
| Amounts receivable after more than one year29 | - | - | €0.005m | €0.003m | €0.002m | €0 | - | - |
| Other amounts receivable291 | - | - | €0.005m | €0.003m | €0.002m | €0 | - | - |
| Amounts receivable within one year40/41 | €0.004m | €0.005m | €0.09m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.4% |
| Trade receivables40 | - | - | €0.02m | €0.01m | €0.02m | €0.04m | €0.04m | ▲ 7.4% |
| Other amounts receivable41 | - | - | €0.06m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.6% |
| Current investments50/53 | - | - | - | - | €0.4m | €0.7m | €0.4m | ▼ 41.7% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.03m | €1.4m | €1.0m | €0.5m | €0.7m | ▲ 34.0% |
| Deferred charges and accrued income490/1 | - | - | €0.002m | €0.001m | €0.001m | €0.003m | €0.009m | ▲ 194% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.1m | €1.9m | €3.0m | €3.0m | €2.9m | ▼ 3.5% |
| Equity10/15 | €0.1m | €0.2m | €0.3m | €1.8m | €2.7m | €2.7m | €2.6m | ▼ 3.9% |
| Contributions10/11 | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.09m | €0.2m | €0.3m | €1.8m | €2.7m | €2.7m | €2.6m | ▼ 3.9% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0 | - | - | - | - |
| Distributable reserves133 | - | - | €0.3m | €1.8m | €2.7m | €2.7m | €2.6m | ▼ 3.9% |
| Profit (loss) carried forward14 | €3 | €3 | €3 | €3 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.9m | €0.8m | €0.8m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 0.6% |
| Amounts payable after more than one year17 | €0.8m | €0.7m | €0.7m | €0 | €0.1m | €0.2m | €0.2m | ▼ 4.5% |
| Financial debts170/4 | - | - | €0.7m | €0 | €0.1m | €0.2m | €0.2m | ▼ 4.5% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.09m | €0.1m | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0.08m | €0 | - | €0.007m | €0.007m | ▲ 3.2% |
| Trade debts44 | €0.006m | €0.01m | €0.007m | €0.01m | €0.01m | €0.03m | €0.04m | ▲ 41.0% |
| Suppliers440/4 | - | - | €0.007m | €0.01m | €0.01m | €0.03m | €0.04m | ▲ 41.0% |
| Taxes, remuneration and social security45 | - | - | €0.005m | €0.1m | €0.09m | €0.003m | €0.004m | ▲ 28.5% |
| Taxes450/3 | - | - | - | €0.1m | €0.09m | €0.003m | €0.004m | ▲ 28.5% |
| Remuneration and social security454/9 | - | - | €0.005m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | €0.004m | €0.004m | €0.1m | €0.05m | €0.05m | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.1% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.004m | €0.1m | €0.08m | €1.5m | €1.0m | €0.04m | €0.002m | ▼ 94.8% |
| + Depreciation and write-downs630 | €0.006m | €0.006m | - | €0.005m | €0.01m | €0.01m | €0.02m | ▲ 103% |
| Operating cash flow (approximation) | €0.01m | €0.1m | €0.08m | €1.5m | €1.0m | €0.05m | €0.02m | ▼ 48.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | -€1.1m | -€0.1m | -€0.03m | ▲ 71.7% |
| Change in cash | - | €0.002m | €0.005m | - | -€0.4m | -€0.5m | €0.2m | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 25-10-2026 | 2026-00567696 | |
| 31-03-2025 | abbreviated format | 31-10-2025 | 2025-00557114 | |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00522642 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00499033 | |
| 30-09-2021 | abbreviated format | 11-04-2022 | 2022-20001994 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12400112 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11500528 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-12100580 | |
| 30-09-2017 | abbreviated format | 27-04-2018 | 2018-11300262 | |
| 30-09-2016 | abbreviated format | 28-04-2017 | 2017-10800447 |