NOESIS CONSULT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 3 filings
Turnover
≈ €140,000
Estimated: probably between €100,000 and €170,000
Total assets
€155,055▲ 38.9%
2024 · €111,620
Net result
€54,939▲ 17.8%
2024 · €46,640
Working capital
€20,147▼ 78.8%
2024 · €95,209
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€66,884
▲ 14.6%
2025
20232025
Net result
€54,939
▲ 17.8%
2025
middle half of the sector
20232025
Equity
€150,147
▲ 57.7%
2025
middle half of the sector
20232025
Total assets
€155,055
▲ 38.9%
2025
middle half of the sector
20232025
Debt
€4,908
▼ 70.1%
2025
20232025
Working capital
€20,147
▼ 78.8%
2025
middle half of the sector
20232025
Solvency
96.8%
▲ 11.5pp
2025
highest quarter of the sector
20232025
Current ratio
5.11
▼ 1.70
2025
highest quarter of the sector
20232025
Return on assets (ROA)
35.4%
▼ 6.4pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€56,218-€58,370▲ 3.8%€66,884▲ 14.6%
Net result€44,968within the sector's middle half-€46,640within the sector's middle half▲ 3.7%€54,939within the sector's middle half▲ 17.8%
Equity€48,568within the sector's middle half-€95,209within the sector's middle half▲ 96.0%€150,147within the sector's middle half▲ 57.7%
Total assets€63,968below the sector's middle half-€111,620within the sector's middle half▲ 74.5%€155,055within the sector's middle half▲ 38.9%
Debt€15,399-€16,411▲ 6.6%€4,908▼ 70.1%
Working capital€48,568within the sector's middle half-€95,209within the sector's middle half▲ 96.0%€20,147within the sector's middle half▼ 78.8%
Solvency75.9%within the sector's middle half-85.3%above the sector's middle half▲ 9.4pp96.8%above the sector's middle half▲ 11.5pp
Current ratio4.15within the sector's middle half-6.80above the sector's middle half▲ 2.655.11above the sector's middle half▼ 1.70
Return on assets (ROA)70.3%above the sector's middle half-41.8%above the sector's middle half▼ 28.5pp35.4%above the sector's middle half▼ 6.4pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 15% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155,055
Fixed assets
€130,000
Current assets
€25,055
Equity and liabilities €155,055
Equity
€150,147 ▲ 57.7%
Debt
€4,908 ▼ 70.1%
Debt's share of the balance-sheet total falls from 14.7% to 3.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.03▼
2024 · 0.17
ROE
36.6%▼
2024 · 49.0%
Debt ≤ 1 year
€4,908▼
2024 · €16,411
Income taxes
€14,205▲
2024 · €11,660
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | - | - | €130,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €50 | - | - |
| Gross operating margin9900 | €56,218 | €58,420 | €66,884 | ▲ 14.5% |
| Operating profit (loss)9901 | €56,218 | €58,370 | €66,884 | ▲ 14.6% |
| Financial income75/76B | - | - | €2,352 | - |
| Recurring financial income75 | - | - | €2,352 | - |
| Financial charges65/66B | €8 | €70 | €92 | ▲ 32.8% |
| Recurring financial charges65 | €8 | €70 | €92 | ▲ 32.8% |
| Profit (loss) for the period before taxes9903 | €56,211 | €58,300 | €69,144 | ▲ 18.6% |
| Income taxes67/77 | €11,242 | €11,660 | €14,205 | ▲ 21.8% |
| Profit (loss) for the period9904 | €44,968 | €46,640 | €54,939 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €44,968 | €46,640 | €54,939 | ▲ 17.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €63,968 | €111,620 | €155,055 | ▲ 38.9% |
| Fixed assets21/28 | - | - | €130,000 | - |
| Financial fixed assets28 | - | - | €130,000 | - |
| Current assets29/58 | €63,968 | €111,620 | €25,055 | ▼ 77.6% |
| Amounts receivable within one year40/41 | - | €18,512 | €21,176 | ▲ 14.4% |
| Trade receivables40 | - | €18,512 | €21,175 | ▲ 14.4% |
| Other amounts receivable41 | - | - | €1 | - |
| Current investments50/53 | - | €25,000 | - | - |
| Cash at bank and in hand54/58 | €63,968 | €68,051 | €3,879 | ▼ 94.3% |
| Deferred charges and accrued income490/1 | - | €57 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €63,968 | €111,620 | €155,055 | ▲ 38.9% |
| Equity10/15 | €48,568 | €95,209 | €150,147 | ▲ 57.7% |
| Contributions10/11 | €3,600 | €3,600 | €3,600 | = |
| Profit (loss) carried forward14 | €44,968 | €91,609 | €146,547 | ▲ 60.0% |
| Amounts payable17/49 | €15,399 | €16,411 | €4,908 | ▼ 70.1% |
| Amounts payable within one year42/48 | €15,399 | €16,411 | €4,908 | ▼ 70.1% |
| Taxes, remuneration and social security45 | €14,377 | €15,089 | €4,786 | ▼ 68.3% |
| Taxes450/3 | €14,377 | €15,089 | €4,786 | ▼ 68.3% |
| Other amounts payable47/48 | €1,022 | €1,322 | €122 | ▼ 90.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,968 | €46,640 | €54,939 | ▲ 17.8% |
| Operating cash flow (approximation) | €44,968 | €46,640 | €54,939 | ▲ 17.8% |
| Change in cash | - | €4,083 | -€64,172 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.