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Private limited companyfounded 2014active for 12 yearsKlipgaardestraat 26, 3473 Kortenaken, BelgiumKBO/BCE: BE 0548.903.501

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-07-2026 at the NBB all 12 filings

Equity
€1.2m▲ 22.4%
2024 · €963,522
Net result
€221,251▲ 16.6%
2024 · €189,708
Total assets
€1.3m▲ 20.2%
2024 · €1.1m
Solvency
89.9%▲ 1.6pp
2024 · 88.3%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 13% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Operating result€0.3m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▲ 24.3%€0.2m▲ 38.3%€0.2m▼ 12.3%€0.2m▲ 13.4%€0.2m▲ 16.0%€0.3m▲ 26.1%€0.3m▲ 13.1%
Net result€0.07m-€0.09m▲ 38.6%€0.1mabove the sector's middle half▲ 32.6%€0.1mabove the sector's middle half▼ 12.5%€0.1mabove the sector's middle half▲ 14.3%€0.1mwithin the sector's middle half▲ 16.5%€0.2mwithin the sector's middle half▲ 30.0%€0.2mabove the sector's middle half▲ 16.6%
Equity€0.2m-€0.3m▲ 56.1%€0.4mabove the sector's middle half▲ 47.7%€0.5mabove the sector's middle half▲ 28.3%€0.6mabove the sector's middle half▲ 26.3%€0.8mwithin the sector's middle half▲ 23.2%€1.0mabove the sector's middle half▲ 24.5%€1.2mabove the sector's middle half▲ 22.4%
Total assets€0.3m-€0.4m▲ 5.3%€0.5mwithin the sector's middle half▲ 37.0%€0.6mwithin the sector's middle half▲ 17.9%€0.7mabove the sector's middle half▲ 23.5%€0.9mwithin the sector's middle half▲ 21.7%€1.1mwithin the sector's middle half▲ 22.7%€1.3mabove the sector's middle half▲ 20.2%
Debt€0.2m-€0.1m▼ 42.3%€0.1m▲ 10.2%€0.09m▼ 17.2%€0.1m▲ 8.9%€0.1m▲ 12.6%€0.1m▲ 10.6%€0.1m▲ 3.8%
Working capital-€0.01m-€0.003m€0.2mabove the sector's middle half▲ 66×€0.3mabove the sector's middle half▲ 43.7%€0.3mabove the sector's middle half▲ 19.7%€0.5mabove the sector's middle half▲ 57.0%€0.7mabove the sector's middle half▲ 46.7%€0.9mabove the sector's middle half▲ 20.6%
Solvency48.4%-71.7%▲ 23.3pp77.2%above the sector's middle half▲ 5.6pp84.0%above the sector's middle half▲ 6.8pp85.9%above the sector's middle half▲ 1.9pp87.0%above the sector's middle half▲ 1.1pp88.3%above the sector's middle half▲ 1.3pp89.9%above the sector's middle half▲ 1.6pp
Current ratio0.93-1.03▲ 0.102.68within the sector's middle half▲ 1.653.94above the sector's middle half▲ 1.264.22above the sector's middle half▲ 0.285.29above the sector's middle half▲ 1.076.88above the sector's middle half▲ 1.597.62above the sector's middle half▲ 0.75
Return on assets (ROA)19.6%-25.8%▲ 6.2pp24.9%above the sector's middle half▼ 0.8pp18.5%within the sector's middle half▼ 6.4pp17.1%within the sector's middle half▼ 1.4pp16.4%within the sector's middle half▼ 0.7pp17.4%within the sector's middle half▲ 1.0pp16.9%within the sector's middle half▼ 0.5pp
Staff (FTE)2within the sector's middle half2within the sector's middle half=2=
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.
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
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets €299,870 ▲ 25.7%
Current assets €1.0m ▲ 18.6%
Equity and liabilities €1.3m
Equity €1.2m ▲ 22.4%
Debt €133,028 ▲ 3.8%
Debt's share of the balance-sheet total falls from 11.7% to 10.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
18.8%▼
2024 · 19.7%
Debt ≤ 1 year
€132,761▲
2024 · €124,034
Income taxes
€99,539▲
2024 · €77,388
Staff costs
€133,306▲
2024 · €130,362
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202331-12-202431-12-2025
Employees at the balance-sheet date222
full-time222
in full-time equivalents222
Average over the year, in full-time equivalents222
On a permanent contract222
Joined1--
Left0--

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€93,457€135,101---
Intangible fixed assets----€100,000
Depreciation and write-downs of the year€64,339€56,591€39,226€38,092€38,590

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.3m▲
Fixed assets21/28€0.2m€0.3m▲
Intangible fixed assets21-€0.1m
Tangible fixed assets22/27€0.2m€0.2m▼
Land and buildings22€0.2m-
Furniture and vehicles24€0.07m€0.04m▼
Other tangible fixed assets26-€0.2m
Current assets29/58€0.9m€1.0m▲
Amounts receivable after more than one year29€0.4m€0.2m▼
Other amounts receivable291€0.4m€0.2m▼
Amounts receivable within one year40/41€0.01m€0.07m▲
Trade receivables40€0.007m€375▼
Other amounts receivable41€0.003m€0.07m▲
Current investments50/53€0.2m€0.4m▲
Cash at bank and in hand54/58€0.3m€0.2m▼
Deferred charges and accrued income490/1-€0.05m
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.3m▲
Equity10/15€1.0m€1.2m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.9m€1.2m▲
Non-distributable reserves130/1€0.002m-
Reserves not available under the articles1311€0.002m-
Distributable reserves133€0.9m€1.2m▲
Amounts payable17/49€0.1m€0.1m▲
Amounts payable within one year42/48€0.1m€0.1m▲
Trade debts44€0.007m€0.01m▲
Suppliers440/4€0.007m€0.01m▲
Advances received on contracts in progress46€0.005m-
Taxes, remuneration and social security45€0.02m€0.02m▲
Remuneration and social security454/9€0.02m€0.02m▲
Other amounts payable47/48€0.1m€0.1m▲
Accrued charges and deferred income492/3€0.004m€267▼
Income statement Code20242025
Remuneration, social security and pensions62€0.1m€0.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m▲
Other operating charges640/8€0.003m€0.003m▼
Gross operating margin9900€0.4m€0.5m▲
Operating profit (loss)9901€0.3m€0.3m▲
Financial income75/76B€0.006m€0.03m▲
Recurring financial income75€0.006m€0.03m▲
Financial charges65/66B€0.006m€0.01m▲
Recurring financial charges65€0.006m€0.01m▲
Profit (loss) for the period before taxes9903€0.3m€0.3m▲
Income taxes67/77€0.08m€0.1m▲
Profit (loss) for the period9904€0.2m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▲
Transfer to equity691/2€0.2m€0.2m▲
To other reserves6921€0.2m€0.2m▲

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€8,614€33,453€132,537€130,362€133,306▲ 2.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66,501€64,542€64,561€64,339€56,591€39,226€38,092€38,590▲ 1.3%
Other operating charges640/8---€7,855€1,093€705€2,602€2,558▼ 1.7%
Gross operating margin9900€177,481€204,232€255,809€242,129€274,070€384,650€438,651€477,070▲ 8.8%
Operating profit (loss)9901€106,973€133,011€184,013€161,321€182,933€212,182€267,595€302,617▲ 13.1%
Financial income75/76B----€5€4,627€5,620€27,791▲ 394%
Recurring financial income75-€40€29-€5€280€5,620€27,791▲ 394%
Non-recurring financial income76B-----€4,347---
Financial charges65/66B---€4,127€4,306€5,811€6,119€9,618▲ 57.2%
Recurring financial charges65€6,745€5,038€3,630€4,127€4,306€5,811€6,119€9,618▲ 57.2%
Profit (loss) for the period before taxes9903€100,228€128,013€180,412€157,194€178,632€210,998€267,096€320,790▲ 20.1%
Income taxes67/77€32,151€33,654€55,301€47,663€53,387€65,031€77,388€99,539▲ 28.6%
Profit (loss) for the period9904€68,077€94,359€125,111€109,531€125,245€145,967€189,708€221,251▲ 16.6%
Profit (loss) for the period to be appropriated9905€68,077€94,359€125,111€109,531€125,245€145,967€189,708€221,251▲ 16.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.3m€0.4m€0.5m€0.6m€0.7m€0.9m€1.1m€1.3m▲ 20.2%
Fixed assets21/28€0.2m€0.3m€0.2m€0.2m€0.3m€0.3m€0.2m€0.3m▲ 25.7%
Intangible fixed assets21€0.2m€0.1m€0.08m€0.03m€0€0-€0.1m-
Tangible fixed assets22/27€0.006m€0.1m€0.1m€0.2m€0.3m€0.3m€0.2m€0.2m▼ 15.8%
Land and buildings22---€0.2m€0.2m€0.2m€0.2m--
Furniture and vehicles24---€0.006m€0.1m€0.09m€0.07m€0.04m▼ 36.6%
Other tangible fixed assets26-------€0.2m-
Current assets29/58€0.2m€0.1m€0.3m€0.4m€0.4m€0.6m€0.9m€1.0m▲ 18.6%
Amounts receivable after more than one year29-----€0.02m€0.4m€0.2m▼ 38.1%
Trade receivables290-----€0.008m---
Other amounts receivable291-----€0.01m€0.4m€0.2m▼ 38.1%
Amounts receivable within one year40/41€0.008m€0.005m€219€255€0.01m€0.6m€0.01m€0.07m▲ 590%
Trade receivables40---€255€0.001m€0.6m€0.007m€375▼ 95.0%
Other amounts receivable41----€0.01m-€0.003m€0.07m▲ 26×
Current investments50/53--€0.3m---€0.2m€0.4m▲ 93.8%
Cash at bank and in hand54/58€0.1m€0.1m-€0.4m€0.4m-€0.3m€0.2m▼ 9.0%
Deferred charges and accrued income490/1---€0.001m-€0.003m-€0.05m-
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.4m€0.5m€0.6m€0.7m€0.9m€1.1m€1.3m▲ 20.2%
Equity10/15€0.2m€0.3m€0.4m€0.5m€0.6m€0.8m€1.0m€1.2m▲ 22.4%
Contributions10/11€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.1m€0.2m€0.4m€0.5m€0.6m€0.8m€0.9m€1.2m▲ 22.8%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m--
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m--
Distributable reserves133---€0.5m€0.6m€0.8m€0.9m€1.2m▲ 23.0%
Amounts payable17/49€0.2m€0.1m€0.1m€0.09m€0.1m€0.1m€0.1m€0.1m▲ 3.8%
Amounts payable after more than one year17€0.01m--------
Amounts payable within one year42/48€0.2m€0.1m€0.1m€0.09m€0.1m€0.1m€0.1m€0.1m▲ 7.0%
Trade debts44€452€0.004m€0.002m€0.002m€0.004m€0.003m€0.007m€0.01m▲ 41.4%
Suppliers440/4---€0.002m€0.004m€0.003m€0.007m€0.01m▲ 41.4%
Advances received on contracts in progress46------€0.005m--
Taxes, remuneration and social security45---€0.004m€0.01m€0.02m€0.02m€0.02m▲ 16.1%
Taxes450/3---€0.004m€0.001m€0.001m---
Remuneration and social security454/9---€191€0.01m€0.02m€0.02m€0.02m▲ 16.1%
Other amounts payable47/48---€0.08m€0.08m€0.1m€0.1m€0.1m▲ 9.1%
Accrued charges and deferred income492/3---€0.005m€0.005m-€0.004m€267▼ 93.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€68,077€94,359€125,111€109,531€125,245€145,967€189,708€221,251▲ 16.6%
+ Depreciation and write-downs630€66,501€64,542€64,561€64,339€56,591€39,226€38,092€38,590▲ 1.3%
Operating cash flow (approximation)€134,578€158,901€189,672€173,870€181,836€185,193€227,800€259,840▲ 14.1%
Investment in fixed assets (approximation)--€134,444-€8,258-€93,457-€135,101-€285€0-€99,878-
Change in cash--€48,349--€46,419---€24,693-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 23-07-2026 2026-00324829 PDF
31-12-2024 abbreviated format 28-08-2025 2025-00417084 PDF
31-12-2023 abbreviated format 22-08-2024 2024-00358944 PDF
31-12-2022 micro format 13-07-2023 2023-00231269 PDF
31-12-2021 micro format 29-06-2022 2022-20104093 PDF
31-12-2020 micro format 25-08-2021 2021-52600308 PDF
31-12-2019 micro format 14-08-2020 2020-41500373 PDF
31-12-2018 micro format 12-08-2019 2019-45500258 PDF
31-12-2017 micro format 14-08-2018 2018-46600218 PDF
31-12-2016 micro format 04-07-2017 2017-27100378 PDF

Show all 12 filings

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