Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 8 filings
Equity
€8,758
2023 · €0
Net result
€58,758▲ 7.0%
2024 · €54,916
Total assets
€127,263▼ 10.1%
2024 · €141,549
Solvency
6.9%▲ 6.9pp
2023 · 0.0%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€75,553
▲ 5.8%
2025
20182025
Net result
€58,758
▲ 7.0%
2025
middle half of the sector
20182025
Equity
€8,758
2025
lowest quarter of the sector
20182025
Total assets
€127,263
▼ 10.1%
2025
lowest quarter of the sector
20182025
Debt
€118,505
▼ 16.3%
2025
20182025
Working capital
€7,870
2025
middle half of the sector
20182025
Solvency
6.9%
2025
lowest quarter of the sector
20182025
Current ratio
1.07
▲ 0.08
2025
middle half of the sector
20182025
Return on assets (ROA)
46.2%
▲ 7.4pp
2025
highest 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€73,046-€48,983▼ 32.9%€31,237▼ 36.2%€60,295▲ 93.0%€55,916▼ 7.3%€62,686▲ 12.1%€71,431▲ 14.0%€75,553▲ 5.8%
Net result€47,779-€37,113▼ 22.3%€22,089within the sector's middle half▼ 40.5%€46,157within the sector's middle half▲ 109%€42,384within the sector's middle half▼ 8.2%€48,198within the sector's middle half▲ 13.7%€54,916within the sector's middle half▲ 13.9%€58,758within the sector's middle half▲ 7.0%
Equity€53,979-€91,092▲ 68.8%€113,181within the sector's middle half▲ 24.2%€99,338within the sector's middle half▼ 12.2%€99,121within the sector's middle half▼ 0.2%€0below the sector's middle half▼ 100%€8,758below the sector's middle half
Total assets€103,051-€115,218▲ 11.8%€138,179below the sector's middle half▲ 19.9%€175,148within the sector's middle half▲ 26.8%€168,593within the sector's middle half▼ 3.7%€152,593within the sector's middle half▼ 9.5%€141,549within the sector's middle half▼ 7.2%€127,263below the sector's middle half▼ 10.1%
Debt€49,072-€24,126▼ 50.8%€24,999▲ 3.6%€75,810▲ 203%€69,472▼ 8.4%€152,593▲ 120%€141,549▼ 7.2%€118,505▼ 16.3%
Working capital€41,418-€80,133▲ 93.5%€113,341within the sector's middle half▲ 41.4%€98,701within the sector's middle half▼ 12.9%€98,598within the sector's middle half▼ 0.1%-€1,480within the sector's middle half-€1,360within the sector's middle half▲ 8.2%€7,870within the sector's middle half
Solvency52.4%-79.1%▲ 26.7pp81.9%above the sector's middle half▲ 2.8pp56.7%within the sector's middle half▼ 25.2pp58.8%within the sector's middle half▲ 2.1pp0.0%below the sector's middle half▼ 58.8pp6.9%below the sector's middle half
Current ratio2.04-4.32▲ 2.285.92above the sector's middle half▲ 1.592.31within the sector's middle half▼ 3.602.42within the sector's middle half▲ 0.110.99within the sector's middle half▼ 1.430.99within the sector's middle half=1.07within the sector's middle half▲ 0.08
Return on assets (ROA)46.4%-32.2%▼ 14.2pp16.0%within the sector's middle half▼ 16.2pp26.4%above the sector's middle half▲ 10.4pp25.1%above the sector's middle half▼ 1.2pp31.6%above the sector's middle half▲ 6.4pp38.8%above the sector's middle half▲ 7.2pp46.2%above the sector's middle half▲ 7.4pp
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.
The operating result for 2025 is 6% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
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 €127,263
Fixed assets
€1,007 ▼ 33.3%
Current assets
€126,256 ▼ 9.8%
Equity and liabilities €127,263
Equity
€8,758
Debt
€118,505
Debt's share of the balance-sheet total is 93.1%.
Key figures and ratios
ROE
670.9%
Debt ≤ 1 year
€118,386▼
2024 · €141,398
Income taxes
€17,140▲
2024 · €16,317
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 | - | - | €2,518 | - | - |
| Depreciation and write-downs of the year | €628 | €628 | €1,026 | €504 | €504 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,800 | €10,959 | €11,063 | €628 | €628 | €1,026 | €504 | €504 | = |
| Other operating charges640/8 | - | - | - | €1,504 | €1,024 | €2,265 | €1,382 | €1,585 | ▲ 14.7% |
| Gross operating margin9900 | €98,955 | €61,173 | €43,368 | €62,426 | €57,567 | €65,977 | €73,316 | €77,641 | ▲ 5.9% |
| Operating profit (loss)9901 | €73,046 | €48,983 | €31,237 | €60,295 | €55,916 | €62,686 | €71,431 | €75,553 | ▲ 5.8% |
| Financial income75/76B | - | - | - | €0 | €6 | €1 | €0 | €611 | ▲ 61,125× |
| Recurring financial income75 | €227 | €7 | €6 | €0 | €6 | €1 | €0 | €611 | ▲ 61,125× |
| Financial charges65/66B | - | - | - | €208 | €164 | €161 | €197 | €266 | ▲ 34.7% |
| Recurring financial charges65 | €634 | €645 | €290 | €208 | €164 | €161 | €197 | €266 | ▲ 34.7% |
| Profit (loss) for the period before taxes9903 | €72,639 | €48,345 | €30,953 | €60,087 | €55,758 | €62,525 | €71,233 | €75,898 | ▲ 6.5% |
| Income taxes67/77 | €24,861 | €11,232 | €8,863 | €13,930 | €13,374 | €14,327 | €16,317 | €17,140 | ▲ 5.0% |
| Profit (loss) for the period9904 | €47,779 | €37,113 | €22,089 | €46,157 | €42,384 | €48,198 | €54,916 | €58,758 | ▲ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €47,779 | €37,113 | €22,089 | €46,157 | €42,384 | €48,198 | €54,916 | €58,758 | ▲ 7.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €103,051 | €115,218 | €138,179 | €175,148 | €168,593 | €152,593 | €141,549 | €127,263 | ▼ 10.1% |
| Fixed assets21/28 | €21,917 | €10,959 | €1,778 | €1,151 | €523 | €2,014 | €1,511 | €1,007 | ▼ 33.3% |
| Tangible fixed assets22/27 | €21,917 | €10,959 | €1,778 | €1,151 | €523 | €2,014 | €1,511 | €1,007 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | €1,151 | €523 | €2,014 | €1,511 | €1,007 | ▼ 33.3% |
| Current assets29/58 | €81,133 | €104,259 | €136,401 | €173,997 | €168,070 | €150,578 | €140,038 | €126,256 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €9,299 | €15,589 | €13,118 | €14,877 | €16,305 | €15,972 | €16,003 | €18,385 | ▲ 14.9% |
| Trade receivables40 | - | - | - | €14,877 | €16,305 | €15,972 | €16,003 | €18,385 | ▲ 14.9% |
| Current investments50/53 | - | - | - | - | - | - | - | €2,613 | - |
| Cash at bank and in hand54/58 | €70,357 | €87,163 | €122,115 | €157,914 | €150,495 | €133,249 | €121,884 | €104,530 | ▼ 14.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,207 | €1,271 | €1,357 | €2,151 | €728 | ▼ 66.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €103,051 | €115,218 | €138,179 | €175,148 | €168,593 | €152,593 | €141,549 | €127,263 | ▼ 10.1% |
| Equity10/15 | €53,979 | €91,092 | €113,181 | €99,338 | €99,121 | €0 | - | €8,758 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €18,600 | €0 | - | - | - |
| Reserves13 | €47,779 | €84,892 | €106,981 | €93,138 | €80,521 | €0 | - | €8,758 | - |
| Distributable reserves133 | - | - | - | €93,138 | €80,521 | €0 | - | €8,758 | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €49,072 | €24,126 | €24,999 | €75,810 | €69,472 | €152,593 | €141,549 | €118,505 | ▼ 16.3% |
| Amounts payable after more than one year17 | €9,357 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €39,715 | €24,126 | €23,060 | €75,296 | €69,472 | €152,059 | €141,398 | €118,386 | ▼ 16.3% |
| Trade debts44 | €1,640 | €1,923 | €1,455 | €1,775 | €511 | €1,127 | €1,184 | €2,476 | ▲ 109% |
| Suppliers440/4 | - | - | - | €1,775 | €511 | €1,127 | €1,184 | €2,476 | ▲ 109% |
| Taxes, remuneration and social security45 | - | - | - | €13,118 | €12,713 | €10,357 | €12,548 | €20,931 | ▲ 66.8% |
| Taxes450/3 | - | - | - | €11,868 | €12,713 | €8,107 | €10,298 | €18,681 | ▲ 81.4% |
| Remuneration and social security454/9 | - | - | - | €1,250 | €0 | €2,250 | €2,250 | €2,250 | = |
| Other amounts payable47/48 | - | - | - | €60,404 | €56,248 | €140,575 | €127,665 | €94,978 | ▼ 25.6% |
| Accrued charges and deferred income492/3 | - | - | - | €514 | €0 | €534 | €151 | €119 | ▼ 21.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,779 | €37,113 | €22,089 | €46,157 | €42,384 | €48,198 | €54,916 | €58,758 | ▲ 7.0% |
| + Depreciation and write-downs630 | €22,800 | €10,959 | €11,063 | €628 | €628 | €1,026 | €504 | €504 | = |
| Operating cash flow (approximation) | €70,578 | €48,072 | €33,152 | €46,785 | €43,011 | €49,224 | €55,420 | €59,261 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,883 | €0 | €0 | -€2,518 | €0 | €0 | - |
| Change in cash | - | €16,806 | €34,952 | €35,799 | -€7,419 | -€17,245 | -€11,366 | -€17,354 | ▼ 52.7% |
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 | micro format | 19-06-2026 | 2026-00176544 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00336189 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00143256 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00128063 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20068951 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25400285 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20100467 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-23100304 |