Financials · financial year 2025, abbreviated format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430580.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 48 filings
Equity
€213,284▲ 201%
2024 · €70,877
Net result
€152,648▲ 25.9%
2024 · €121,232
Total assets
€340,651▲ 49.0%
2024 · €228,583
Solvency
62.6%▲ 31.6pp
2024 · 31.0%
In the rankings
#5 oldest company in Mechelen, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€199,207
▲ 24.2%
2025
20182025
Net result
€152,648
▲ 25.9%
2025
middle half of the sector
20182025
Equity
€213,284
▲ 201%
2025
middle half of the sector
20182025
Total assets
€340,651
▲ 49.0%
2025
lowest quarter of the sector
20182025
Debt
€127,366
▼ 19.2%
2025
20182025
Working capital
€198,429
▲ 207%
2025
middle half of the sector
20182025
Solvency
62.6%
▲ 31.6pp
2025
middle half of the sector
20182025
Current ratio
2.56
▲ 1.15
2025
middle half of the sector
20182025
Return on assets (ROA)
44.8%
▼ 8.2pp
2025
highest quarter of the sector
20182025
Staff (FTE)
3
▲ 7.1%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€12,568-€18,062▲ 43.7%€49,748▲ 175%€51,439▲ 3.4%€108,657▲ 111%€161,290▲ 48.4%€160,398▼ 0.6%€199,207▲ 24.2%
Net result€6,720-€11,528▲ 71.5%€36,340within the sector's middle half▲ 215%€38,189within the sector's middle half▲ 5.1%€93,994above the sector's middle half▲ 146%€134,068above the sector's middle half▲ 42.6%€121,232above the sector's middle half▼ 9.6%€152,648within the sector's middle half▲ 25.9%
Equity€79,942-€70,970▼ 11.2%€71,310within the sector's middle half▲ 0.5%€76,177within the sector's middle half▲ 6.8%€70,877within the sector's middle half▼ 7.0%€70,877within the sector's middle half=€70,877within the sector's middle half=€213,284within the sector's middle half▲ 201%
Total assets€125,762-€107,284▼ 14.7%€135,733below the sector's middle half▲ 26.5%€133,549below the sector's middle half▼ 1.6%€166,624within the sector's middle half▲ 24.8%€228,854within the sector's middle half▲ 37.3%€228,583within the sector's middle half▼ 0.1%€340,651below the sector's middle half▲ 49.0%
Debt€45,820-€36,314▼ 20.7%€64,423▲ 77.4%€57,372▼ 10.9%€95,747▲ 66.9%€157,977▲ 65.0%€157,706▼ 0.2%€127,366▼ 19.2%
Working capital€65,123-€59,324▼ 8.9%€56,496within the sector's middle half▼ 4.8%€61,846within the sector's middle half▲ 9.5%€56,592within the sector's middle half▼ 8.5%€61,344within the sector's middle half▲ 8.4%€64,642within the sector's middle half▲ 5.4%€198,429within the sector's middle half▲ 207%
Solvency63.6%-66.2%▲ 2.6pp52.5%within the sector's middle half▼ 13.6pp57.0%within the sector's middle half▲ 4.5pp42.5%within the sector's middle half▼ 14.5pp31.0%within the sector's middle half▼ 11.6pp31.0%within the sector's middle half=62.6%within the sector's middle half▲ 31.6pp
Current ratio2.42-2.63▲ 0.211.89within the sector's middle half▼ 0.742.08within the sector's middle half▲ 0.191.60within the sector's middle half▼ 0.481.39within the sector's middle half▼ 0.211.41within the sector's middle half▲ 0.022.56within the sector's middle half▲ 1.15
Return on assets (ROA)5.3%-10.7%▲ 5.4pp26.8%above the sector's middle half▲ 16.0pp28.6%above the sector's middle half▲ 1.8pp56.4%above the sector's middle half▲ 27.8pp58.6%above the sector's middle half▲ 2.2pp53.0%above the sector's middle half▼ 5.5pp44.8%above the sector's middle half▼ 8.2pp
Staff (FTE)2.2-2.5▲ 13.6%2.3within the sector's middle half▼ 8.0%2.8▲ 21.7%2.3▼ 17.9%2.2▼ 4.3%2.8▲ 27.3%3within the sector's middle half▲ 7.1%
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 24% higher than in 2024 and the highest since 2018. It is a recovery after the fall in 2024.
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 €340,651
Fixed assets
€14,855 ▲ 138%
Current assets
€325,796 ▲ 46.5%
Equity and liabilities €340,651
Equity
€213,284 ▲ 201%
Debt
€127,366 ▼ 19.2%
Debt's share of the balance-sheet total falls from 69.0% to 37.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
71.6%▼
2024 · 171.0%
Debt ≤ 1 year
€127,366▼
2024 · €157,706
Income taxes
€52,168▲
2024 · €41,177
Staff costs
€153,322▲
2024 · €140,838
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 4 | 3 | 3 | 4 |
| full-time | 2 | 3 | 2 | 2 | 2 |
| part-time | 1 | 1 | 1 | 1 | 2 |
| in full-time equivalents | 2.8 | 3.8 | 2.8 | 2.8 | 3.5 |
| Average over the year, in full-time equivalents | 2.8 | 2.3 | 2.2 | 2.8 | 3 |
| On a permanent contract | 3 | 2 | 3 | 3 | 4 |
| Joined | - | 2 | 2 | - | 1 |
| Left | - | 1 | 1 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,677 | €5,844 | - | - | €13,245 |
| Depreciation and write-downs of the year | €6,128 | €4,922 | €4,752 | €4,266 | €4,625 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €75 awarded · €113 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €75 | €0 |
| 2023 | 1 | €0 | €113 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €147,886 | €74,540 | €106,196 | €140,838 | €153,322 | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,240 | €6,452 | €7,573 | €6,128 | €4,922 | €4,752 | €4,266 | €4,625 | ▲ 8.4% |
| Other operating charges640/8 | - | - | - | €479 | €680 | €943 | €941 | €797 | ▼ 15.4% |
| Gross operating margin9900 | €115,249 | €138,045 | €167,698 | €205,932 | €188,798 | €273,182 | €306,444 | €357,950 | ▲ 16.8% |
| Operating profit (loss)9901 | €12,568 | €18,062 | €49,748 | €51,439 | €108,657 | €161,290 | €160,398 | €199,207 | ▲ 24.2% |
| Financial income75/76B | - | - | - | €592 | €972 | €381 | €3,089 | €6,351 | ▲ 106% |
| Recurring financial income75 | €441 | €19 | €446 | €592 | €972 | €381 | €3,089 | €6,351 | ▲ 106% |
| Financial charges65/66B | - | - | - | €356 | €378 | €598 | €1,078 | €741 | ▼ 31.3% |
| Recurring financial charges65 | €343 | €284 | €984 | €356 | €378 | €598 | €1,078 | €741 | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €12,666 | €17,798 | €49,210 | €51,676 | €109,251 | €161,073 | €162,409 | €204,817 | ▲ 26.1% |
| Income taxes67/77 | €5,946 | €6,270 | €12,870 | €13,487 | €15,257 | €27,005 | €41,177 | €52,168 | ▲ 26.7% |
| Profit (loss) for the period9904 | €6,720 | €11,528 | €36,340 | €38,189 | €93,994 | €134,068 | €121,232 | €152,648 | ▲ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €6,720 | €11,528 | €36,340 | €38,189 | €93,994 | €134,068 | €121,232 | €152,648 | ▲ 25.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €125,762 | €107,284 | €135,733 | €133,549 | €166,624 | €228,854 | €228,583 | €340,651 | ▲ 49.0% |
| Fixed assets21/28 | €14,819 | €11,647 | €15,782 | €14,331 | €15,253 | €10,501 | €6,235 | €14,855 | ▲ 138% |
| Tangible fixed assets22/27 | €14,332 | €11,159 | €15,295 | €13,844 | €14,766 | €10,014 | €5,747 | €14,368 | ▲ 150% |
| Plant, machinery and equipment23 | - | - | - | €4,540 | €3,605 | €2,669 | €1,734 | €798 | ▼ 54.0% |
| Furniture and vehicles24 | - | - | - | €9,304 | €11,161 | €7,345 | €4,014 | €13,569 | ▲ 238% |
| Financial fixed assets28 | €487 | €487 | €487 | €487 | €487 | €487 | €487 | €487 | = |
| Current assets29/58 | €110,944 | €95,638 | €119,951 | €119,218 | €151,370 | €218,353 | €222,349 | €325,796 | ▲ 46.5% |
| Amounts receivable within one year40/41 | €48,145 | €49,335 | €40,854 | €34,380 | €57,605 | €62,848 | €24,303 | €47,164 | ▲ 94.1% |
| Trade receivables40 | - | - | - | €34,380 | €57,605 | €60,739 | €24,061 | €44,685 | ▲ 85.7% |
| Other amounts receivable41 | - | - | - | - | - | €2,109 | €242 | €2,479 | ▲ 924% |
| Current investments50/53 | - | - | €7,200 | €21,698 | €31,697 | €49,654 | €141,865 | €191,557 | ▲ 35.0% |
| Cash at bank and in hand54/58 | €62,643 | €46,303 | €71,897 | €63,140 | €62,068 | €105,851 | €55,705 | €87,074 | ▲ 56.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €475 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €125,762 | €107,284 | €135,733 | €133,549 | €166,624 | €228,854 | €228,583 | €340,651 | ▲ 49.0% |
| Equity10/15 | €79,942 | €70,970 | €71,310 | €76,177 | €70,877 | €70,877 | €70,877 | €213,284 | ▲ 201% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €8,877 | €8,877 | €8,877 | €8,877 | €8,877 | €8,877 | €8,877 | €8,877 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €2,677 | €2,677 | €2,677 | €2,677 | €2,677 | = |
| Profit (loss) carried forward14 | €9,065 | €93 | €433 | €5,300 | - | - | - | €142,407 | - |
| Amounts payable17/49 | €45,820 | €36,314 | €64,423 | €57,372 | €95,747 | €157,977 | €157,706 | €127,366 | ▼ 19.2% |
| Amounts payable within one year42/48 | €45,820 | €36,314 | €63,455 | €57,372 | €94,779 | €157,009 | €157,706 | €127,366 | ▼ 19.2% |
| Financial debts43 | - | - | - | €3,684 | €4,521 | €4,048 | - | €10,098 | - |
| Credit institutions430/8 | - | - | - | €3,684 | €4,521 | €4,048 | - | €10,098 | - |
| Trade debts44 | €34,902 | €159 | €10,717 | €2,659 | €2,787 | €4,967 | €15,243 | €7,964 | ▼ 47.8% |
| Suppliers440/4 | - | - | - | €2,659 | €2,787 | €4,967 | €15,243 | €7,964 | ▼ 47.8% |
| Taxes, remuneration and social security45 | - | - | - | €19,557 | €9,686 | €10,456 | €19,481 | €18,613 | ▼ 4.5% |
| Taxes450/3 | - | - | - | €2,309 | €1,465 | - | €2,751 | - | - |
| Remuneration and social security454/9 | - | - | - | €17,248 | €8,221 | €10,456 | €16,731 | €18,613 | ▲ 11.3% |
| Other amounts payable47/48 | - | - | - | €31,473 | €77,784 | €137,538 | €122,982 | €90,691 | ▼ 26.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €968 | €968 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,720 | €11,528 | €36,340 | €38,189 | €93,994 | €134,068 | €121,232 | €152,648 | ▲ 25.9% |
| + Depreciation and write-downs630 | €9,240 | €6,452 | €7,573 | €6,128 | €4,922 | €4,752 | €4,266 | €4,625 | ▲ 8.4% |
| Operating cash flow (approximation) | €15,960 | €17,981 | €43,913 | €44,317 | €98,916 | €138,820 | €125,498 | €157,273 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€3,280 | -€11,709 | -€4,677 | -€5,844 | €0 | €0 | -€13,245 | - |
| Change in cash | - | -€16,341 | €25,595 | -€8,757 | -€1,072 | €43,782 | -€50,146 | €31,369 | - |
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 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00430580 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00425060 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00433799 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00230744 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20394105 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49900337 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57200387 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53100035 | |
| 31-12-2017 | micro format | 09-06-2018 | 2018-17900422 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-16300127 |