Objective Holding
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393616.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 8 filings
Equity
-€4.7m▼ 104%
2024 · -€2.3m
Net result
-€2.4m▲ 58.3%
2024 · -€5.8m
Total assets
€23.5m▼ 5.6%
2024 · €24.9m
Solvency
-20.1%▼ 10.8pp
2024 · -9.3%
In the rankings
#4 company by total assets in Wichelen
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€241,313
▼ 11.3%
2025
20182025
Operating result
€189,695
▼ 23.5%
2025
20182025
Net result
-€2.4m
▲ 58.3%
2025
lowest quarter of the sector
20182025
Equity
-€4.7m
▼ 104%
2025
lowest quarter of the sector
20182025
Total assets
€23.5m
▼ 5.6%
2025
middle half of the sector
20182025
Debt
€28.2m
▲ 3.7%
2025
20182025
Working capital
-€150,505
▲ 78.0%
2025
middle half of the sector
20182025
Solvency
-20.1%
▼ 10.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.92
▲ 0.33
2025
middle half of the sector
20182025
Return on assets (ROA)
-10.2%
▲ 13.0pp
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
Turnover€0.02m-€0.9m▲ 42×€0.6m▼ 31.2%€0.7m▲ 13.2%€0.5m▼ 36.0%€0.3m▼ 36.6%€0.3m▼ 6.4%€0.2m▼ 11.3%
Operating result-€0.001m--€0.005m▼ 724%€0.2m€0.2m▲ 4.3%€0.3m▲ 15.2%€0.3m▲ 0.3%€0.2m▼ 8.4%€0.2m▼ 23.5%
Net result-€0.02m--€0.03m▼ 46.3%€0.005mwithin the sector's middle half€0.003mwithin the sector's middle half▼ 43.3%€0.02mwithin the sector's middle half▲ 708%-€0.7mbelow the sector's middle half-€5.8mbelow the sector's middle half▼ 767%-€2.4mbelow the sector's middle half▲ 58.3%
Equity€4.1m-€4.1m▼ 0.7%€4.1mwithin the sector's middle half▲ 0.1%€4.1mwithin the sector's middle half▲ 0.1%€4.1mwithin the sector's middle half▲ 0.6%€3.5mwithin the sector's middle half▼ 16.1%-€2.3mbelow the sector's middle half-€4.7mbelow the sector's middle half▼ 104%
Total assets€14.7m-€14.6m▼ 1.2%€14.2mwithin the sector's middle half▼ 2.5%€14.5mwithin the sector's middle half▲ 1.8%€15.4mwithin the sector's middle half▲ 6.7%€30.0mwithin the sector's middle half▲ 94.4%€24.9mwithin the sector's middle half▼ 17.0%€23.5mwithin the sector's middle half▼ 5.6%
Debt€10.6m-€10.5m▼ 1.4%€10.1m▼ 3.5%€10.3m▲ 2.5%€11.3m▲ 9.2%€26.5m▲ 135%€27.2m▲ 2.6%€28.2m▲ 3.7%
Working capital€0.3m--€3.4m-€0.2mwithin the sector's middle half▲ 92.6%€0.3mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 12.1%€0.6mwithin the sector's middle half▲ 50.8%-€0.7mbelow the sector's middle half-€0.2mwithin the sector's middle half▲ 78.0%
Solvency28.0%-28.2%▲ 0.1pp28.9%within the sector's middle half▲ 0.7pp28.4%within the sector's middle half▼ 0.5pp26.8%within the sector's middle half▼ 1.6pp11.6%below the sector's middle half▼ 15.2pp-9.3%below the sector's middle half▼ 20.8pp-20.1%below the sector's middle half▼ 10.8pp
Current ratio1.62-0.13▼ 1.490.40within the sector's middle half▲ 0.264.34above the sector's middle half▲ 3.9414.68above the sector's middle half0.59within the sector's middle half▼ 14.090.92within the sector's middle half▲ 0.33
Return on assets (ROA)-0.1%--0.2%▼ 0.1pp0.0%within the sector's middle half▲ 0.2pp0.0%below the sector's middle half=0.2%within the sector's middle half▲ 0.1pp-2.2%below the sector's middle half▼ 2.4pp-23.2%below the sector's middle half▼ 21.0pp-10.2%below the sector's middle half▲ 13.0pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 23% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.5m
Fixed assets
€21.7m ▼ 9.2%
Current assets
€1.8m ▲ 81.1%
Equity and liabilities
Equity-€4.7m
Debt€28.2m
Equity is negative. Debt (€28.2m) exceeds the balance-sheet total (€23.5m).
Key figures and ratios
Debt ≤ 1 year
€1.9m▲
2024 · €1.7m
Debt > 1 year
€26.3m▲
2024 · €25.5m
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 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €14.3m | - | - |
| Depreciation and write-downs of the year | €1,203 | €1,203 | €1,097 | €0 | - |
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 | €2,649 | €2,649 | €2,649 | €4,500 | €4,500 |
| Other work by the auditor | - | - | - | €1,000 | €6,250 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.7m | €0.5m | €0.3m | €0.3m | €0.2m | ▼ 11.3% |
| Turnover70 | €0.02m | €0.9m | €0.6m | €0.7m | €0.5m | €0.3m | €0.3m | €0.2m | ▼ 11.3% |
| Other operating income74 | - | - | - | - | €0.007m | €0 | - | - | - |
| Operating charges60/66A | - | - | - | €0.5m | €0.2m | €0.02m | €0.02m | €0.05m | ▲ 115% |
| Services and other goods61 | - | - | - | €0.5m | €0.2m | €0.02m | €0.02m | €0.05m | ▲ 119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 16.4% |
| Operating profit (loss)9901 | -€0.001m | -€0.005m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 23.5% |
| Financial income75/76B | - | - | - | €1 | €0.03m | €0.04m | €0.1m | €0.4m | ▲ 325% |
| Recurring financial income75 | - | €0.2m | €0 | €1 | €0.03m | €0.04m | €0.1m | €0.4m | ▲ 325% |
| Income from financial fixed assets750 | - | - | - | - | €0.03m | €0.04m | €0.06m | €0.4m | ▲ 527% |
| Income from current assets751 | - | - | - | - | - | €0 | - | - | - |
| Other financial income752/9 | - | - | - | €1 | €0 | - | €0.04m | €0.06m | ▲ 39.4% |
| Financial charges65/66B | - | - | - | €0.2m | €0.3m | €1.0m | €6.1m | €3.0m | ▼ 50.9% |
| Recurring financial charges65 | €0.02m | €0.2m | €0.2m | €0.2m | €0.3m | €1.0m | €0.7m | €0.8m | ▲ 15.1% |
| Debt charges650 | €0.02m | €0.2m | €0.2m | €0.2m | €0.3m | €0.8m | €0.6m | €0.8m | ▲ 25.2% |
| Other financial charges652/9 | - | - | - | €0.02m | €315 | €0.2m | €0.06m | €0.003m | ▼ 95.4% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €5.4m | €2.2m | ▼ 59.5% |
| Profit (loss) for the period before taxes9903 | -€0.02m | -€0.03m | €0.005m | €0.003m | €0.02m | -€0.7m | -€5.8m | -€2.4m | ▲ 58.3% |
| Profit (loss) for the period9904 | -€0.02m | -€0.03m | €0.005m | €0.003m | €0.02m | -€0.7m | -€5.8m | -€2.4m | ▲ 58.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | -€0.03m | €0.005m | €0.003m | €0.02m | -€0.7m | -€5.8m | -€2.4m | ▲ 58.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €14.7m | €14.6m | €14.2m | €14.5m | €15.4m | €30.0m | €24.9m | €23.5m | ▼ 5.6% |
| Formation expenses20 | €0.006m | €0.005m | €0.004m | €0.002m | €0.001m | €0 | - | - | - |
| Fixed assets21/28 | €14.0m | €14.0m | €14.0m | €14.0m | €15.1m | €29.4m | €23.9m | €21.7m | ▼ 9.2% |
| Financial fixed assets28 | €14.0m | €14.0m | €14.0m | €14.0m | €15.1m | €29.4m | €23.9m | €21.7m | ▼ 9.2% |
| Affiliated companies280/1 | - | - | - | €14.0m | €15.1m | €29.4m | €23.9m | €21.7m | ▼ 9.2% |
| Participating interests280 | - | - | - | €14.0m | €14.0m | €28.3m | €22.9m | €20.7m | ▼ 9.6% |
| Amounts receivable281 | - | - | - | - | €1.0m | €1.1m | €1.0m | €1.0m | = |
| Current assets29/58 | €0.7m | €0.5m | €0.2m | €0.4m | €0.4m | €0.6m | €1.0m | €1.8m | ▲ 81.1% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.03m | €0.4m | €0.04m | €0.2m | €0.4m | €0.6m | €0.9m | €1.6m | ▲ 87.1% |
| Trade receivables40 | - | - | - | €0.2m | €0.3m | €0.6m | €0.9m | €0.3m | ▼ 60.6% |
| Other amounts receivable41 | - | - | - | - | €0.008m | €0.002m | €0.001m | €1.3m | ▲ 952× |
| Cash at bank and in hand54/58 | €0.7m | €0.07m | €0.1m | €0.1m | €0.02m | €0.01m | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0 | - | €0.1m | €0.2m | ▲ 35.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €14.7m | €14.6m | €14.2m | €14.5m | €15.4m | €30.0m | €24.9m | €23.5m | ▼ 5.6% |
| Equity10/15 | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €3.5m | -€2.3m | -€4.7m | ▼ 104% |
| Contributions10/11 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Capital10 | - | - | - | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Issued capital100 | - | - | - | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Reserves13 | - | - | €261 | €409 | €409 | €409 | €409 | €409 | = |
| Non-distributable reserves130/1 | - | - | - | €409 | €409 | €409 | €409 | €409 | = |
| Legal reserve130 | - | - | - | €409 | €409 | €409 | €409 | €409 | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.05m | -€0.05m | -€0.04m | -€0.02m | -€0.7m | -€6.5m | -€8.9m | ▼ 37.2% |
| Amounts payable17/49 | €10.6m | €10.5m | €10.1m | €10.3m | €11.3m | €26.5m | €27.2m | €28.2m | ▲ 3.7% |
| Amounts payable after more than one year17 | €10.2m | €6.4m | €9.6m | €10.1m | €11.3m | €24.7m | €25.5m | €26.3m | ▲ 2.9% |
| Financial debts170/4 | - | - | - | €10.1m | €11.3m | €24.7m | €25.5m | €26.3m | ▲ 2.9% |
| Subordinated loans170 | - | - | - | €0 | - | - | - | - | - |
| Unsubordinated bonds171 | - | - | - | €0 | - | - | - | - | - |
| Other loans174 | - | - | - | €10.1m | €11.3m | €24.7m | €25.5m | €26.3m | ▲ 2.9% |
| Amounts payable within one year42/48 | €0.4m | €3.9m | €0.4m | €0.1m | €0.001m | €0.04m | €1.7m | €1.9m | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | €0.04m | €0 | - | - |
| Trade debts44 | €0.02m | €0.01m | €0.05m | €0.05m | €0.001m | €0.001m | €1.7m | €0.4m | ▼ 74.8% |
| Suppliers440/4 | - | - | - | €0.05m | €0.001m | €0.001m | €1.7m | €0.4m | ▼ 74.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0 | €0.004m | €0.004m | €0.02m | ▲ 347% |
| Taxes450/3 | - | - | - | €0.05m | €0 | €0.004m | €0.004m | €0.02m | ▲ 347% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.008m | €1.5m | ▲ 181× |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.001m | €1.8m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | -€0.03m | €0.005m | €0.003m | €0.02m | -€0.7m | -€5.8m | -€2.4m | ▲ 58.3% |
| + Depreciation and write-downs630 | €105 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0 | - | - |
| Operating cash flow (approximation) | -€0.02m | -€0.03m | €0.006m | €0.004m | €0.03m | -€0.7m | -€5.8m | -€2.4m | ▲ 58.3% |
| Investment in fixed assets (approximation) | - | -€0.001m | -€0.001m | -€0.001m | -€1.0m | -€14.3m | €5.5m | €2.2m | ▼ 60.1% |
| Change in cash | - | -€0.6m | €0.05m | €0.001m | -€0.1m | -€0.003m | -€0.01m | - | - |
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 (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-08-2026 | 2026-00393616 | |
| 31-12-2024 | full format | 22-09-2025 | 2025-00501101 | |
| 31-12-2023 | full format | 12-03-2025 | 2025-00048140 | |
| 31-12-2022 | full format | 07-07-2024 | 2024-00222346 | |
| 31-12-2021 | full format | 15-09-2022 | 2022-20429654 | |
| 31-12-2020 | full format | 08-07-2021 | 2021-33300540 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-37400314 | |
| 31-12-2018 | full format | 22-07-2019 | 2019-36300030 |