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ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-06-2026 PDF all 14 filings
Turnover
≈ €27,000
Estimated: probably between €13,000 and €52,000
Total assets
€624,248▲ 421%
2024 · €119,746
Net result
-€9,347▼ 220%
2024 · -€2,918
Working capital
-€409,983
2024 · €64,659
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€8,206
▼ 20,414%
2025
20182025
Net result
-€9,347
▼ 220%
2025
lowest quarter of the sector
20182025
Equity
€90,258
▼ 9.4%
2025
middle half of the sector
20182025
Total assets
€624,248
▲ 421%
2025
highest quarter of the sector
20182025
Debt
€533,990
▲ 27×
2025
20182025
Working capital
-€409,983
2025
lowest quarter of the sector
20182025
Solvency
14.5%
▼ 68.7pp
2025
lowest quarter of the sector
20182025
Current ratio
0.23
▼ 3.98
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-1.5%
▲ 0.9pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,035-€5,227▼ 42.1%€11,321▲ 117%€5,664▼ 50.0%€10,587▲ 86.9%€12,615▲ 19.2%-€40-€8,206▼ 20,414%
Net result€5,611-€2,526▼ 55.0%€7,675within the sector's middle half▲ 204%€3,140within the sector's middle half▼ 59.1%€6,565within the sector's middle half▲ 109%€7,682within the sector's middle half▲ 17.0%-€2,918below the sector's middle half-€9,347below the sector's middle half▼ 220%
Equity€79,792-€81,506▲ 2.1%€88,369within the sector's middle half▲ 8.4%€90,709within the sector's middle half▲ 2.6%€96,474within the sector's middle half▲ 6.4%€103,356within the sector's middle half▲ 7.1%€99,605within the sector's middle half▼ 3.6%€90,258within the sector's middle half▼ 9.4%
Total assets€92,365-€90,802▼ 1.7%€98,807within the sector's middle half▲ 8.8%€99,405within the sector's middle half▲ 0.6%€131,033within the sector's middle half▲ 31.8%€128,871within the sector's middle half▼ 1.6%€119,746within the sector's middle half▼ 7.1%€624,248above the sector's middle half▲ 421%
Debt€12,573-€9,296▼ 26.1%€10,438▲ 12.3%€8,696▼ 16.7%€34,559▲ 297%€25,515▼ 26.2%€20,141▼ 21.1%€533,990▲ 27×
Working capital€78,529-€80,559▲ 2.6%€87,738above the sector's middle half▲ 8.9%€90,393above the sector's middle half▲ 3.0%€113,294above the sector's middle half▲ 25.3%€67,589within the sector's middle half▼ 40.3%€64,659within the sector's middle half▼ 4.3%-€409,983below the sector's middle half
Solvency86.4%-89.8%▲ 3.4pp89.4%above the sector's middle half▼ 0.3pp91.3%above the sector's middle half▲ 1.8pp73.6%above the sector's middle half▼ 17.6pp80.2%above the sector's middle half▲ 6.6pp83.2%above the sector's middle half▲ 3.0pp14.5%below the sector's middle half▼ 68.7pp
Current ratio7.25-9.67▲ 2.429.41above the sector's middle half▼ 0.2611.39above the sector's middle half▲ 1.997.39above the sector's middle half▼ 4.014.78above the sector's middle half▼ 2.614.21above the sector's middle half▼ 0.570.23below the sector's middle half▼ 3.98
Return on assets (ROA)6.1%-2.8%▼ 3.3pp7.8%within the sector's middle half▲ 5.0pp3.2%within the sector's middle half▼ 4.6pp5.0%within the sector's middle half▲ 1.9pp6.0%within the sector's middle half▲ 1.0pp-2.4%below the sector's middle half▼ 8.4pp-1.5%below the sector's middle half▲ 0.9pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 €8,206, larger than the loss of €40 in 2024. It is the lowest result since 2018.
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 €623,123
Fixed assets
€499,946 ▲ 14×
Current assets
€123,177 ▲ 45.3%
Equity and liabilities €624,248
Equity
€90,258 ▼ 9.4%
Debt
€533,990 ▲ 27×
Debt's share of the balance-sheet total rises from 16.8% to 85.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,132▼
2024 · €9,424
Cash flow
-€9,273▼
2024 · €6,546
Debt to equity
5.92▲
2024 · 0.20
ROE
-10.4%▼
2024 · -2.9%
Interest coverage
-13.82▼
2024 · 26.03
Debt ≤ 1 year
€533,160▲
2024 · €20,141
Income taxes
€564▼
2024 · €2,516
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 | - | - | €45,661 | €1,026 | - |
| Financial fixed assets | - | - | - | - | €499,946 |
| Depreciation and write-downs of the year | €316 | €316 | €2,277 | €9,464 | €74 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €558 | €316 | €316 | €316 | €316 | €2,277 | €9,464 | €74 | ▼ 99.2% |
| Other operating charges640/8 | - | - | - | €1,981 | €2,469 | €2,158 | €996 | €12,162 | ▲ 12× |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €405 | - |
| Gross operating margin9900 | €10,654 | €7,542 | €13,605 | €7,961 | €13,372 | €17,050 | €10,420 | €4,435 | ▼ 57.4% |
| Operating profit (loss)9901 | €9,035 | €5,227 | €11,321 | €5,664 | €10,587 | €12,615 | -€40 | -€8,206 | ▼ 20,414% |
| Financial income75/76B | - | - | - | €3 | - | - | - | €11 | - |
| Recurring financial income75 | €1 | - | - | €3 | - | - | - | €11 | - |
| Financial charges65/66B | - | - | - | €178 | €435 | €516 | €362 | €589 | ▲ 62.6% |
| Recurring financial charges65 | €188 | €173 | €154 | €178 | €435 | €516 | €362 | €589 | ▲ 62.6% |
| Profit (loss) for the period before taxes9903 | €8,848 | €5,054 | €11,167 | €5,489 | €10,152 | €12,099 | -€402 | -€8,783 | ▼ 2,085% |
| Income taxes67/77 | €3,237 | €2,528 | €3,492 | €2,349 | €3,587 | €4,417 | €2,516 | €564 | ▼ 77.6% |
| Profit (loss) for the period9904 | €5,611 | €2,526 | €7,675 | €3,140 | €6,565 | €7,682 | -€2,918 | -€9,347 | ▼ 220% |
| Profit (loss) for the period to be appropriated9905 | €5,611 | €2,526 | €7,675 | €3,140 | €6,565 | €7,682 | -€2,918 | -€9,347 | ▼ 220% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €92,365 | €90,802 | €98,807 | €99,405 | €131,033 | €128,871 | €119,746 | €624,248 | ▲ 421% |
| Formation expenses20 | - | - | - | - | - | - | - | €1,124 | - |
| Fixed assets21/28 | €1,263 | €947 | €631 | €316 | - | €43,384 | €34,946 | €499,946 | ▲ 14× |
| Intangible fixed assets21 | - | - | - | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €1,263 | €947 | €631 | €316 | - | €43,384 | €34,946 | - | - |
| Plant, machinery and equipment23 | - | - | - | €316 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | - | €43,384 | €34,946 | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | - | €499,946 | - |
| Current assets29/58 | €91,102 | €89,855 | €98,176 | €99,089 | €131,033 | €85,487 | €84,800 | €123,177 | ▲ 45.3% |
| Amounts receivable within one year40/41 | €7,842 | €4,355 | €5,926 | €5,604 | €8,599 | €9,398 | €8,162 | €5,053 | ▼ 38.1% |
| Trade receivables40 | - | - | - | €5,453 | €8,599 | €8,978 | €8,162 | - | - |
| Other amounts receivable41 | - | - | - | €151 | - | €420 | - | €5,053 | - |
| Cash at bank and in hand54/58 | €79,893 | €81,714 | €88,281 | €89,179 | €118,019 | €74,057 | €74,528 | €118,125 | ▲ 58.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,306 | €4,415 | €2,032 | €2,110 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €92,365 | €90,802 | €98,807 | €99,405 | €131,033 | €128,871 | €119,746 | €624,248 | ▲ 421% |
| Equity10/15 | €79,792 | €81,506 | €88,369 | €90,709 | €96,474 | €103,356 | €99,605 | €90,258 | ▼ 9.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | €69,798 | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €69,798 | - |
| Profit (loss) carried forward14 | €59,332 | €61,046 | €67,909 | €70,249 | €76,014 | €82,896 | €79,145 | - | - |
| Amounts payable17/49 | €12,573 | €9,296 | €10,438 | €8,696 | €34,559 | €25,515 | €20,141 | €533,990 | ▲ 27× |
| Amounts payable after more than one year17 | - | - | - | - | €16,820 | €7,617 | - | - | - |
| Financial debts170/4 | - | - | - | - | €16,820 | €7,617 | - | - | - |
| Amounts payable within one year42/48 | €12,573 | €9,296 | €10,438 | €8,696 | €17,739 | €17,898 | €20,141 | €533,160 | ▲ 26× |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,908 | €10,034 | €6,775 | - | - |
| Financial debts43 | - | - | - | - | - | - | - | €100,000 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €100,000 | - |
| Trade debts44 | €2,357 | €2,371 | €3,124 | €2,275 | €1,331 | €2,313 | €3,670 | €1,072 | ▼ 70.8% |
| Suppliers440/4 | - | - | - | €2,275 | €1,331 | €2,313 | €3,670 | €1,072 | ▼ 70.8% |
| Taxes, remuneration and social security45 | - | - | - | €5,350 | €5,318 | €4,062 | €8,114 | €1,816 | ▼ 77.6% |
| Taxes450/3 | - | - | - | €5,350 | €5,318 | €1,917 | €6,405 | €1,816 | ▼ 71.6% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,145 | €1,709 | - | - |
| Other amounts payable47/48 | - | - | - | €1,071 | €1,182 | €1,489 | €1,582 | €430,272 | ▲ 272× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €829 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,611 | €2,526 | €7,675 | €3,140 | €6,565 | €7,682 | -€2,918 | -€9,347 | ▼ 220% |
| + Depreciation and write-downs630 | €558 | €316 | €316 | €316 | €316 | €2,277 | €9,464 | €74 | ▼ 99.2% |
| Operating cash flow (approximation) | €6,169 | €2,842 | €7,991 | €3,456 | €6,881 | €9,959 | €6,546 | -€9,273 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1 | - | - | -€1,026 | -€465,074 | ▼ 45,229% |
| Change in cash | - | €1,821 | €6,567 | €898 | €28,840 | -€43,962 | €471 | €43,597 | ▲ 93× |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00155534 | |
| 31-12-2024 | micro format | 16-06-2025 | 2025-00151647 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00134773 | |
| 31-12-2022 | micro format | 11-06-2023 | 2023-00118053 | |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20057466 | |
| 31-12-2020 | micro format | 19-06-2021 | 2021-22300570 | |
| 31-12-2019 | micro format | 11-06-2020 | 2020-16300390 | |
| 31-12-2018 | micro format | 18-06-2019 | 2019-20000405 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17500386 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20800201 |