Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-01-2026 PDF all 7 filings
Equity
€1.8m▲ 9.2%
2024 · €1.7m
Net result
€302,191▼ 0.9%
2024 · €304,880
Total assets
€2.6m▼ 1.7%
2024 · €2.6m
Solvency
70.1%▲ 7.0pp
2024 · 63.1%
In the rankings
#6 company by equity in Zottegem, Finance and insurance sector#8 company by total assets in Zottegem, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€279,744
▼ 7.3%
2025
20192025
Net result
€302,191
▼ 0.9%
2025
highest quarter of the sector
20192025
Equity
€1.8m
▲ 9.2%
2025
middle half of the sector
20192025
Total assets
€2.6m
▼ 1.7%
2025
middle half of the sector
20192025
Debt
€768,969
▼ 20.4%
2025
20192025
Working capital
€220,067
▲ 82.1%
2025
middle half of the sector
20192025
Solvency
70.1%
▲ 7.0pp
2025
middle half of the sector
20192025
Current ratio
1.48
▲ 0.28
2025
middle half of the sector
20192025
Return on assets (ROA)
11.7%
▲ 0.1pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.3m▲ 129%€0.4m▲ 35.7%€0.4m▲ 0.8%€0.3m▼ 27.2%€0.3m▲ 16.1%€0.3m▼ 7.3%
Net result€0.1m-€0.3mabove the sector's middle half▲ 134%€0.4mabove the sector's middle half▲ 29.5%€0.4mabove the sector's middle half▼ 5.6%€0.3mabove the sector's middle half▼ 21.2%€0.3mabove the sector's middle half▲ 0.8%€0.3mabove the sector's middle half▼ 0.9%
Equity€0.6m-€1.0mwithin the sector's middle half▲ 72.0%€1.2mwithin the sector's middle half▲ 21.2%€1.4mwithin the sector's middle half▲ 15.6%€1.5mwithin the sector's middle half▲ 10.4%€1.7mwithin the sector's middle half▲ 9.6%€1.8mwithin the sector's middle half▲ 9.2%
Total assets€2.5m-€2.6mwithin the sector's middle half▲ 2.9%€2.6mwithin the sector's middle half▼ 0.8%€2.6mwithin the sector's middle half▲ 0.9%€2.5mwithin the sector's middle half▼ 3.1%€2.6mwithin the sector's middle half▲ 4.2%€2.6mwithin the sector's middle half▼ 1.7%
Debt€2.0m-€1.6m▼ 17.2%€1.4m▼ 14.1%€1.2m▼ 11.6%€1.0m▼ 18.2%€1.0m▼ 3.8%€0.8m▼ 20.4%
Working capital-€0.3m--€0.07mwithin the sector's middle half▲ 77.3%€0.3mwithin the sector's middle half€0.3mwithin the sector's middle half▲ 5.1%€0.2mwithin the sector's middle half▼ 12.3%€0.1mwithin the sector's middle half▼ 50.6%€0.2mwithin the sector's middle half▲ 82.1%
Solvency22.5%-37.6%within the sector's middle half▲ 15.1pp46.0%within the sector's middle half▲ 8.4pp52.7%within the sector's middle half▲ 6.7pp60.0%within the sector's middle half▲ 7.4pp63.1%within the sector's middle half▲ 3.1pp70.1%within the sector's middle half▲ 7.0pp
Current ratio0.70-0.92within the sector's middle half▲ 0.221.53within the sector's middle half▲ 0.611.54within the sector's middle half▲ 0.021.52within the sector's middle half▼ 0.021.20within the sector's middle half▼ 0.321.48within the sector's middle half▲ 0.28
Return on assets (ROA)5.3%-12.1%above the sector's middle half▲ 6.8pp15.8%above the sector's middle half▲ 3.7pp14.8%above the sector's middle half▼ 1.0pp12.0%above the sector's middle half▼ 2.8pp11.6%within the sector's middle half▼ 0.4pp11.7%within the sector's middle half▲ 0.1pp
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 7% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €2.6m
Fixed assets
€1.9m ▼ 0.5%
Current assets
€676,436 ▼ 5.1%
Equity and liabilities €2.6m
Equity
€1.8m ▲ 9.2%
Debt
€768,969 ▼ 20.4%
Debt's share of the balance-sheet total falls from 36.9% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.7%▼
2024 · 18.4%
Debt ≤ 1 year
€456,369▼
2024 · €591,718
Debt > 1 year
€300,000▼
2024 · €374,679
Income taxes
€31,011▼
2024 · €34,097
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €27,300 | - |
| Financial fixed assets | - | - | €80,000 | - |
| Depreciation and write-downs of the year | - | - | - | €9,100 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,211 awarded · €1,211 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €447 | €447 |
| 2024 | 1 | €147 | €147 |
| 2023 | 1 | €432 | €432 |
| 2022 | 1 | €185 | €185 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,306 | €0 | - | - | - | - | €9,100 | - |
| Other operating charges640/8 | - | - | - | €1,140 | €1,150 | €1,251 | €1,118 | ▼ 10.7% |
| Gross operating margin9900 | €116,938 | €261,152 | €354,837 | €358,296 | €261,017 | €302,867 | €289,962 | ▼ 4.3% |
| Operating profit (loss)9901 | €113,938 | €261,002 | €354,217 | €357,157 | €259,867 | €301,616 | €279,744 | ▼ 7.3% |
| Financial income75/76B | - | - | - | €75,000 | €75,000 | €45,000 | €60,000 | ▲ 33.3% |
| Recurring financial income75 | €66,800 | €100,000 | €100,000 | €75,000 | €75,000 | €45,000 | €60,000 | ▲ 33.3% |
| Financial charges65/66B | - | - | - | €11,068 | €9,173 | €7,638 | €6,542 | ▼ 14.4% |
| Recurring financial charges65 | €18,301 | €23,956 | €11,526 | €11,068 | €9,173 | €7,638 | €6,542 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €162,436 | €337,045 | €442,691 | €421,088 | €325,694 | €338,978 | €333,203 | ▼ 1.7% |
| Income taxes67/77 | €28,204 | €22,913 | €36,017 | €37,128 | €23,274 | €34,097 | €31,011 | ▼ 9.1% |
| Profit (loss) for the period9904 | €134,232 | €314,133 | €406,674 | €383,960 | €302,420 | €304,880 | €302,191 | ▼ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €134,232 | €314,133 | €406,674 | €383,960 | €302,420 | €304,880 | €302,191 | ▼ 0.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.5m | €2.6m | €2.6m | €2.6m | €2.5m | €2.6m | €2.6m | ▼ 1.7% |
| Fixed assets21/28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.9m | €1.9m | ▼ 0.5% |
| Tangible fixed assets22/27 | - | - | - | - | - | €0.03m | €0.02m | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | - | - | €0.03m | €0.02m | ▼ 33.3% |
| Financial fixed assets28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.9m | €1.9m | = |
| Current assets29/58 | €0.7m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 5.1% |
| Amounts receivable within one year40/41 | €0.7m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 12.7% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 7.3% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 22.4% |
| Cash at bank and in hand54/58 | €0.03m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 24.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.03m | €0.07m | €0.04m | ▼ 43.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.5m | €2.6m | €2.6m | €2.6m | €2.5m | €2.6m | €2.6m | ▼ 1.7% |
| Equity10/15 | €0.6m | €1.0m | €1.2m | €1.4m | €1.5m | €1.7m | €1.8m | ▲ 9.2% |
| Contributions10/11 | €0.5m | €0 | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €0.007m | €0.02m | €0.04m | €0.07m | €0.07m | €0.07m | €1.1m | ▲ 16× |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.07m | €0.07m | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.07m | €1.1m | ▲ 16× |
| Profit (loss) carried forward14 | €0.06m | €0.2m | €0.4m | €0.5m | €0.7m | €0.8m | €0 | ▼ 100% |
| Amounts payable17/49 | €2.0m | €1.6m | €1.4m | €1.2m | €1.0m | €1.0m | €0.8m | ▼ 20.4% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.9m | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 19.9% |
| Financial debts170/4 | - | - | - | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 19.9% |
| Amounts payable within one year42/48 | €1.0m | €0.9m | €0.5m | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 22.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.08m | ▼ 58.9% |
| Trade debts44 | €0.2m | €0.2m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 4.3% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 4.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.003m | €0.02m | €0.01m | ▼ 5.9% |
| Taxes450/3 | - | - | - | €0.03m | €0.003m | €0.02m | €0.01m | ▼ 5.9% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 5.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0 | - | €0.01m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,232 | €314,133 | €406,674 | €383,960 | €302,420 | €304,880 | €302,191 | ▼ 0.9% |
| + Depreciation and write-downs630 | €2,306 | €0 | - | - | - | - | €9,100 | - |
| Operating cash flow (approximation) | €136,538 | €314,133 | €406,674 | €383,960 | €302,420 | €304,880 | €311,291 | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€107,300 | €0 | - |
| Change in cash | - | €131,201 | €74,071 | €84,969 | -€84,340 | -€1,213 | -€59,416 | ▼ 4,800% |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00021110 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00017881 | |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00012358 | |
| 30-06-2022 | abbreviated format | 30-01-2023 | 2023-00008519 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-02900519 | |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-02400430 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03100117 |