Financials · financial year 2026, micro format
Annual accounts 2026 filed on 23-10-2026 at the NBB all 3 filings
Equity
€35,348▲ 23.1%
2025 · €28,721
Net result
€6,626▼ 51.4%
2025 · €13,625
Total assets
€45,040▲ 9.5%
2025 · €41,116
Solvency
78.5%▲ 8.6pp
2025 · 69.9%
Multi-year overview
2024 to 2026, 3 financial yearsOperating result
€8,024
▼ 60.7%
2026
20242026
Net result
€6,626
▼ 51.4%
2026
20242026
Equity
€35,348
▲ 23.1%
2026
20242026
Total assets
€45,040
▲ 9.5%
2026
20242026
Debt
€9,692
▼ 21.8%
2026
20242026
Working capital
€29,296
▲ 16.0%
2026
20242026
Solvency
78.5%
▲ 8.6pp
2026
20242026
Current ratio
4.02
▲ 0.98
2026
20242026
Return on assets (ROA)
14.7%
▼ 18.4pp
2026
20242026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202420252026
Operating result€21,055-€20,415▼ 3.0%€8,024▼ 60.7%
Net result€14,789within the sector's middle half-€13,625within the sector's middle half▼ 7.9%€6,626▼ 51.4%
Equity€15,956below the sector's middle half-€28,721below the sector's middle half▲ 80.0%€35,348▲ 23.1%
Total assets€22,415below the sector's middle half-€41,116below the sector's middle half▲ 83.4%€45,040▲ 9.5%
Debt€6,459-€12,395▲ 91.9%€9,692▼ 21.8%
Working capital€11,568within the sector's middle half-€25,265within the sector's middle half▲ 118%€29,296▲ 16.0%
Solvency71.2%within the sector's middle half-69.9%within the sector's middle half▼ 1.3pp78.5%▲ 8.6pp
Current ratio2.79within the sector's middle half-3.04within the sector's middle half▲ 0.254.02▲ 0.98
Return on assets (ROA)66.0%above the sector's middle half-33.1%above the sector's middle half▼ 32.8pp14.7%▼ 18.4pp
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 2026 is 61% lower than in 2025 and the lowest since 2024. It is the second fall in a row.
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
2026 in colour, 2025 as the grey bar beneath
Assets €45,040
Fixed assets
€6,051 ▲ 75.1%
Current assets
€38,989 ▲ 3.5%
Equity and liabilities €45,040
Equity
€35,348 ▲ 23.1%
Debt
€9,692 ▼ 21.8%
Debt's share of the balance-sheet total falls from 30.1% to 21.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
18.7%▼
2025 · 47.4%
Debt ≤ 1 year
€9,692▼
2025 · €12,395
Income taxes
€1,349▼
2025 · €6,738
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|
| Tangible fixed assets | €4,654 | - | €3,559 |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €267 | €931 | €964 |
Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €292 awarded · €292 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €102 | €102 |
| 2023 | 1 | €190 | €190 |
Annual accounts
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €267 | €931 | €964 | ▲ 3.6% |
| Other operating charges640/8 | €50 | €120 | €125 | ▲ 4.2% |
| Gross operating margin9900 | €21,372 | €21,466 | €9,113 | ▼ 57.5% |
| Operating profit (loss)9901 | €21,055 | €20,415 | €8,024 | ▼ 60.7% |
| Financial income75/76B | €25 | €0 | - | - |
| Recurring financial income75 | €25 | €0 | - | - |
| Financial charges65/66B | €48 | €53 | €48 | ▼ 8.9% |
| Recurring financial charges65 | €48 | €53 | €48 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | €21,031 | €20,363 | €7,976 | ▼ 60.8% |
| Income taxes67/77 | €6,243 | €6,738 | €1,349 | ▼ 80.0% |
| Profit (loss) for the period9904 | €14,789 | €13,625 | €6,626 | ▼ 51.4% |
| Profit (loss) for the period to be appropriated9905 | €14,789 | €13,625 | €6,626 | ▼ 51.4% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €22,415 | €41,116 | €45,040 | ▲ 9.5% |
| Fixed assets21/28 | €4,387 | €3,456 | €6,051 | ▲ 75.1% |
| Tangible fixed assets22/27 | €4,387 | €3,456 | €6,051 | ▲ 75.1% |
| Other tangible fixed assets26 | €4,387 | €3,456 | €6,051 | ▲ 75.1% |
| Current assets29/58 | €18,027 | €37,660 | €38,989 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €264 | €0 | €12,120 | - |
| Trade receivables40 | - | - | €8,393 | - |
| Other amounts receivable41 | €264 | €0 | €3,728 | - |
| Cash at bank and in hand54/58 | €17,763 | €37,660 | €26,868 | ▼ 28.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €22,415 | €41,116 | €45,040 | ▲ 9.5% |
| Equity10/15 | €15,956 | €28,721 | €35,348 | ▲ 23.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €13,956 | €26,721 | €33,348 | ▲ 24.8% |
| Distributable reserves133 | €13,956 | €26,721 | €33,348 | ▲ 24.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €6,459 | €12,395 | €9,692 | ▼ 21.8% |
| Amounts payable within one year42/48 | €6,459 | €12,395 | €9,692 | ▼ 21.8% |
| Trade debts44 | €2,954 | €2,910 | €2,527 | ▼ 13.2% |
| Suppliers440/4 | €2,954 | €2,910 | €2,527 | ▼ 13.2% |
| Taxes, remuneration and social security45 | €2,469 | €8,424 | €6,755 | ▼ 19.8% |
| Taxes450/3 | €1,243 | €5,985 | €4,156 | ▼ 30.6% |
| Remuneration and social security454/9 | €1,227 | €2,439 | €2,599 | ▲ 6.6% |
| Other amounts payable47/48 | €1,036 | €1,061 | €411 | ▼ 61.3% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,789 | €13,625 | €6,626 | ▼ 51.4% |
| + Depreciation and write-downs630 | €267 | €931 | €964 | ▲ 3.6% |
| Operating cash flow (approximation) | €15,056 | €14,555 | €7,591 | ▼ 47.9% |
| Investment in fixed assets (approximation) | - | €0 | -€3,559 | - |
| Change in cash | - | €19,897 | -€10,792 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.