Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 15 filings
Equity
€199,498▲ 97.2%
2024 · €101,190
Net result
€98,308▲ 310%
2024 · €23,993
Total assets
€315,083▲ 201%
2024 · €104,571
Solvency
63.3%▼ 33.5pp
2024 · 96.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is nearly 4.1 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Operating result€147,055
2025
Net result€98,308
2025
Total assets€315,083
2025
Equity€199,498
2025
Debt€115,586
2025
Working capital-€114,002
2025
Return on assets (ROA)31.2%
2025
Solvency63.3%
2025
Current ratio0.01
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
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 and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€10,146-€29,264▲ 188%€82,987▲ 184%€80,359▼ 3.2%€82,427▲ 2.6%€58,970▼ 28.5%€36,199▼ 38.6%€147,055▲ 306%
Net result€9,907-€29,225▲ 195%€77,109above the sector's middle half▲ 164%€58,399within the sector's middle half▼ 24.3%€54,179within the sector's middle half▼ 7.2%€43,280within the sector's middle half▼ 20.1%€23,993within the sector's middle half▼ 44.6%€98,308above the sector's middle half▲ 310%
Equity-€83,316--€54,092▲ 35.1%€23,018below the sector's middle half€23,018below the sector's middle half=€77,197within the sector's middle half▲ 235%€77,197within the sector's middle half=€101,190within the sector's middle half▲ 31.1%€199,498within the sector's middle half▲ 97.2%
Total assets€437-€2,048▲ 369%€26,886below the sector's middle half▲ 13×€188,278within the sector's middle half▲ 600%€111,085below the sector's middle half▼ 41.0%€130,606below the sector's middle half▲ 17.6%€104,571below the sector's middle half▼ 19.9%€315,083within the sector's middle half▲ 201%
Debt€83,753-€56,139▼ 33.0%€3,868▼ 93.1%€165,260▲ 43×€33,888▼ 79.5%€53,409▲ 57.6%€3,381▼ 93.7%€115,586▲ 34×
Working capital-€83,316--€54,092▲ 35.1%€22,536within the sector's middle half-€85,428below the sector's middle half-€26,083below the sector's middle half▲ 69.5%-€20,935below the sector's middle half▲ 19.7%€3,690within the sector's middle half-€114,002below the sector's middle half
Solvency-19072.5%--2641.7%▲ 16430.8pp85.6%above the sector's middle half▲ 2727.3pp12.2%below the sector's middle half▼ 73.4pp69.5%within the sector's middle half▲ 57.3pp59.1%within the sector's middle half▼ 10.4pp96.8%above the sector's middle half▲ 37.7pp63.3%within the sector's middle half▼ 33.5pp
Current ratio6.83above the sector's middle half0.48below the sector's middle half▼ 6.340.23below the sector's middle half▼ 0.250.61below the sector's middle half▲ 0.382.09within the sector's middle half▲ 1.480.01below the sector's middle half▼ 2.08
Return on assets (ROA)286.8%above the sector's middle half31.0%above the sector's middle half▼ 255.8pp48.8%above the sector's middle half▲ 17.8pp33.1%above the sector's middle half▼ 15.6pp22.9%above the sector's middle half▼ 10.2pp31.2%above the sector's middle half▲ 8.3pp
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 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 €315,083
Fixed assets
€313,500 ▲ 222%
Current assets
€1,583 ▼ 77.6%
Equity and liabilities €315,083
Equity
€199,498 ▲ 97.2%
Debt
€115,586 ▲ 34×
Debt's share of the balance-sheet total rises from 3.2% to 36.7%. Equity and debt are higher.
Key figures and ratios
ROE
49.3%▲
2024 · 23.7%
Debt ≤ 1 year
€115,586▲
2024 · €3,381
Income taxes
€48,636▲
2024 · €12,101
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
These companies have the same main activity as PGMA: agents and brokers in banking services (NACE 66191). They are comparable in size and age: total assets between €279,000 and €412,000, founded between 2008 and 2012.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| PGMA Etterbeek | 2010 | €315,083 | €199,498 | €147,246 | €98,308 | - | 2025 |
| Waremme Synergie Assurfinance Waremme | 2012 | €343,507 | €9,622 | €140,715 | €17,437 | 1.1 | 2025 |
| Brecht Nyssen Blankenberge | 2009 | €320,335 | €222,645 | €180,465 | €87,258 | - | 2025 |
| THIRY SABRINE Oostende | 2011 | €279,095 | €61,764 | €176,655 | €13,073 | - | 2025 |
| KENNES ADVIES Boutersem | 2009 | €396,089 | €154,284 | €161,833 | €112,990 | - | 2025 |
| HORIO Temse | 2008 | €411,753 | €144,985 | €146,864 | €57,526 | - | 2025 |
| LOUA Middelkerke | 2012 | €357,958 | €188,741 | €187,107 | €27,565 | - | 2025 |
They were chosen from the 1,171 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
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 | - | - | €17 | €4,536 | €5,166 | €5,149 | €632 | - | - |
| Other operating charges640/8 | - | - | - | - | - | €63 | €390 | €191 | ▼ 51.1% |
| Gross operating margin9900 | €10,146 | €29,264 | €83,004 | €84,895 | €87,593 | €64,181 | €37,220 | €147,246 | ▲ 296% |
| Operating profit (loss)9901 | €10,146 | €29,264 | €82,987 | €80,359 | €82,427 | €58,970 | €36,199 | €147,055 | ▲ 306% |
| Financial income75/76B | - | - | - | - | - | €0 | - | €29 | - |
| Recurring financial income75 | - | - | - | - | - | €0 | - | €29 | - |
| Financial charges65/66B | - | - | - | €276 | €100 | €100 | €105 | €140 | ▲ 33.3% |
| Recurring financial charges65 | €239 | €39 | €60 | €102 | €100 | €100 | €105 | €140 | ▲ 33.3% |
| Non-recurring financial charges66B | - | - | - | €174 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,907 | €29,225 | €82,927 | €80,083 | €82,327 | €58,870 | €36,094 | €146,944 | ▲ 307% |
| Income taxes67/77 | - | - | €5,818 | €21,684 | €28,148 | €15,590 | €12,101 | €48,636 | ▲ 302% |
| Profit (loss) for the period9904 | €9,907 | €29,225 | €77,109 | €58,399 | €54,179 | €43,280 | €23,993 | €98,308 | ▲ 310% |
| Profit (loss) for the period to be appropriated9905 | €9,907 | €29,225 | €77,109 | €58,399 | €54,179 | €43,280 | €23,993 | €98,308 | ▲ 310% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €437 | €2,048 | €26,886 | €188,278 | €111,085 | €130,606 | €104,571 | €315,083 | ▲ 201% |
| Fixed assets21/28 | - | - | €482 | €108,446 | €103,280 | €98,132 | €97,500 | €313,500 | ▲ 222% |
| Tangible fixed assets22/27 | - | - | €482 | €10,946 | €5,780 | €632 | - | - | - |
| Furniture and vehicles24 | - | - | - | €10,946 | €5,780 | €632 | - | - | - |
| Financial fixed assets28 | - | - | - | €97,500 | €97,500 | €97,500 | €97,500 | €313,500 | ▲ 222% |
| Current assets29/58 | €437 | €2,048 | €26,404 | €79,832 | €7,805 | €32,474 | €7,071 | €1,583 | ▼ 77.6% |
| Amounts receivable within one year40/41 | €235 | €294 | €294 | €200 | €200 | €610 | €908 | €498 | ▼ 45.1% |
| Other amounts receivable41 | - | - | - | €200 | €200 | €610 | €908 | €498 | ▼ 45.1% |
| Cash at bank and in hand54/58 | €202 | €1,754 | €26,110 | €79,632 | €7,605 | €31,864 | €6,163 | €1,085 | ▼ 82.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €437 | €2,048 | €26,886 | €188,278 | €111,085 | €130,606 | €104,571 | €315,083 | ▲ 201% |
| Equity10/15 | -€83,316 | -€54,092 | €23,018 | €23,018 | €77,197 | €77,197 | €101,190 | €199,498 | ▲ 97.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €4,418 | €4,418 | €58,597 | €58,597 | €82,590 | €180,898 | ▲ 119% |
| Distributable reserves133 | - | - | - | €4,418 | €58,597 | €58,597 | €82,590 | €180,898 | ▲ 119% |
| Profit (loss) carried forward14 | -€101,916 | -€72,692 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €83,753 | €56,139 | €3,868 | €165,260 | €33,888 | €53,409 | €3,381 | €115,586 | ▲ 34× |
| Amounts payable within one year42/48 | €83,753 | €56,139 | €3,868 | €165,260 | €33,888 | €53,409 | €3,381 | €115,586 | ▲ 34× |
| Trade debts44 | €616 | €616 | €1,048 | €940 | €1,852 | €629 | €817 | €1,136 | ▲ 39.1% |
| Suppliers440/4 | - | - | - | €940 | €1,852 | €629 | €817 | €1,136 | ▲ 39.1% |
| Taxes, remuneration and social security45 | - | - | - | €19,978 | €13,150 | €9,466 | €2,399 | €23,005 | ▲ 859% |
| Taxes450/3 | - | - | - | €19,978 | €13,150 | €9,466 | €2,399 | €21,035 | ▲ 777% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €1,970 | - |
| Other amounts payable47/48 | - | - | - | €144,341 | €18,887 | €43,314 | €165 | €91,445 | ▲ 555× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,907 | €29,225 | €77,109 | €58,399 | €54,179 | €43,280 | €23,993 | €98,308 | ▲ 310% |
| + Depreciation and write-downs630 | - | - | €17 | €4,536 | €5,166 | €5,149 | €632 | - | - |
| Operating cash flow (approximation) | €9,907 | €29,225 | €77,127 | €62,935 | €59,345 | €48,428 | €24,624 | €98,308 | ▲ 299% |
| Investment in fixed assets (approximation) | - | - | - | -€112,500 | €0 | €0 | €0 | -€216,000 | - |
| Change in cash | - | €1,552 | €24,356 | €53,521 | -€72,027 | €24,260 | -€25,701 | -€5,078 | ▲ 80.2% |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00314570 | NBB |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00319980 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00321325 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00268642 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20406378 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-64900052 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64000369 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54100237 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-58000521 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-59200418 |