Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 23 filings
Equity
€630,249▼ 0.4%
2024 · €632,994
Net result
€69,044▼ 51.1%
2024 · €141,295
Total assets
€848,139▼ 6.7%
2024 · €908,904
Solvency
74.3%▲ 4.7pp
2024 · 69.6%
In the rankings
#2 company by equity in Eghezée, Finance and insurance sector#2 oldest company in Eghezée, Finance and insurance sector#5 company by total assets in Eghezée, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€58,723
▼ 48.2%
2025
20182025
Net result
€69,044
▼ 51.1%
2025
middle half of the sector
20182025
Equity
€630,249
▼ 0.4%
2025
highest quarter of the sector
20182025
Total assets
€848,139
▼ 6.7%
2025
highest quarter of the sector
20182025
Debt
€217,890
▼ 21.0%
2025
20182025
Working capital
-€74,095
▼ 35.1%
2025
lowest quarter of the sector
20182025
Solvency
74.3%
▲ 4.7pp
2025
middle half of the sector
20182025
Current ratio
0.54
▼ 0.13
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
8.1%
▼ 7.4pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€370,837-€96,797▼ 73.9%€98,180▲ 1.4%-€652€11,702€4,557▼ 61.1%€113,454▲ 25×€58,723▼ 48.2%
Net result€237,491-€66,250▼ 72.1%€71,429above the sector's middle half▲ 7.8%-€11,177below the sector's middle half€13,529within the sector's middle half€82,085above the sector's middle half▲ 507%€141,295above the sector's middle half▲ 72.1%€69,044within the sector's middle half▼ 51.1%
Equity€574,987-€640,878▲ 11.5%€711,948above the sector's middle half▲ 11.1%€700,412above the sector's middle half▼ 1.6%€713,582above the sector's middle half▲ 1.9%€558,308above the sector's middle half▼ 21.8%€632,994above the sector's middle half▲ 13.4%€630,249above the sector's middle half▼ 0.4%
Total assets€941,426-€907,630▼ 3.6%€999,296above the sector's middle half▲ 10.1%€948,275above the sector's middle half▼ 5.1%€900,175above the sector's middle half▼ 5.1%€967,341above the sector's middle half▲ 7.5%€908,904above the sector's middle half▼ 6.0%€848,139above the sector's middle half▼ 6.7%
Debt€366,439-€266,752▼ 27.2%€287,348▲ 7.7%€247,863▼ 13.7%€186,593▼ 24.7%€409,034▲ 119%€275,910▼ 32.5%€217,890▼ 21.0%
Working capital€138,547--€9,537€28,420within the sector's middle half€32,978within the sector's middle half▲ 16.0%€57,165within the sector's middle half▲ 73.3%-€165,453below the sector's middle half-€54,832below the sector's middle half▲ 66.9%-€74,095below the sector's middle half▼ 35.1%
Solvency61.1%-70.6%▲ 9.5pp71.2%above the sector's middle half▲ 0.6pp73.9%above the sector's middle half▲ 2.6pp79.3%above the sector's middle half▲ 5.4pp57.7%within the sector's middle half▼ 21.6pp69.6%within the sector's middle half▲ 11.9pp74.3%within the sector's middle half▲ 4.7pp
Current ratio1.83-0.92▼ 0.911.34within the sector's middle half▲ 0.421.43within the sector's middle half▲ 0.092.21within the sector's middle half▲ 0.770.45below the sector's middle half▼ 1.750.67below the sector's middle half▲ 0.210.54below the sector's middle half▼ 0.13
Return on assets (ROA)25.2%-7.3%▼ 17.9pp7.1%within the sector's middle half▼ 0.2pp-1.2%below the sector's middle half▼ 8.3pp1.5%within the sector's middle half▲ 2.7pp8.5%within the sector's middle half▲ 7.0pp15.5%within the sector's middle half▲ 7.1pp8.1%within the sector's middle half▼ 7.4pp
Staff (FTE)1.5-
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 48% lower than in 2024.
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 €848,139
Fixed assets
€761,261 ▼ 4.7%
Current assets
€86,878 ▼ 20.9%
Equity and liabilities €848,139
Equity
€630,249 ▼ 0.4%
Debt
€217,890 ▼ 21.0%
Debt's share of the balance-sheet total falls from 30.4% to 25.7%. Equity and debt are lower.
Key figures and ratios
ROE
11.0%▼
2024 · 22.3%
Debt ≤ 1 year
€160,972▼
2024 · €164,685
Debt > 1 year
€55,779▼
2024 · €110,655
Income taxes
€20,906▼
2024 · €41,151
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 |
| Carrying value of the mortgaged assets | €227,546 | €212,116 | €196,685 | €181,255 | €165,824 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,134 | €81,297 | €24,362 | €20,940 |
| Depreciation and write-downs of the year | €48,674 | €44,622 | €46,502 | €55,378 | €58,729 |
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 | €34,466 | €70,055 | €43,728 | €48,674 | €44,622 | €46,502 | €55,378 | €58,729 | ▲ 6.1% |
| Other operating charges640/8 | - | - | - | €11,504 | €7,480 | €9,110 | €8,491 | €10,319 | ▲ 21.5% |
| Gross operating margin9900 | €480,084 | €172,462 | €148,847 | €59,527 | €63,804 | €60,169 | €177,324 | €127,771 | ▼ 27.9% |
| Operating profit (loss)9901 | €370,837 | €96,797 | €98,180 | -€652 | €11,702 | €4,557 | €113,454 | €58,723 | ▼ 48.2% |
| Financial income75/76B | - | - | - | €2,969 | €19,434 | €94,963 | €75,217 | €36,403 | ▼ 51.6% |
| Recurring financial income75 | €3,257 | €7,984 | €10,074 | €2,969 | €19,434 | €94,963 | €75,217 | €36,403 | ▼ 51.6% |
| Financial charges65/66B | - | - | - | €5,740 | €7,728 | €4,443 | €6,225 | €5,175 | ▼ 16.9% |
| Recurring financial charges65 | €9,208 | €6,973 | €6,660 | €5,740 | €7,728 | €4,443 | €6,225 | €5,175 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €364,886 | €97,809 | €101,594 | -€3,422 | €23,408 | €95,077 | €182,446 | €89,950 | ▼ 50.7% |
| Income taxes67/77 | €127,395 | €31,559 | €30,165 | €7,755 | €9,879 | €12,993 | €41,151 | €20,906 | ▼ 49.2% |
| Profit (loss) for the period9904 | €237,491 | €66,250 | €71,429 | -€11,177 | €13,529 | €82,085 | €141,295 | €69,044 | ▼ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €237,491 | €66,250 | €71,429 | -€11,177 | €13,529 | €82,085 | €141,295 | €69,044 | ▼ 51.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €941,426 | €907,630 | €999,296 | €948,275 | €900,175 | €967,341 | €908,904 | €848,139 | ▼ 6.7% |
| Fixed assets21/28 | €636,492 | €793,826 | €887,808 | €839,134 | €795,646 | €830,441 | €799,050 | €761,261 | ▼ 4.7% |
| Tangible fixed assets22/27 | €636,492 | €790,626 | €799,308 | €750,634 | €707,146 | €741,941 | €710,925 | €673,136 | ▼ 5.3% |
| Land and buildings22 | - | - | - | €742,977 | €701,500 | €732,468 | €694,139 | €662,884 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €800 | €450 | €100 | €0 | €828 | - |
| Furniture and vehicles24 | - | - | - | €6,858 | €5,197 | €9,373 | €16,786 | €9,424 | ▼ 43.9% |
| Financial fixed assets28 | - | €3,200 | €88,500 | €88,500 | €88,500 | €88,500 | €88,125 | €88,125 | = |
| Current assets29/58 | €304,934 | €113,803 | €111,488 | €109,140 | €104,528 | €136,900 | €109,853 | €86,878 | ▼ 20.9% |
| Amounts receivable within one year40/41 | - | €10,441 | €7,495 | €2,800 | €8,002 | €36,235 | €579 | €42,534 | ▲ 74× |
| Other amounts receivable41 | - | - | - | €2,800 | €8,002 | €36,235 | €579 | €42,534 | ▲ 74× |
| Current investments50/53 | €94,445 | €98,258 | €98,332 | €89,211 | €78,458 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €208,023 | €0 | €4,542 | €15,079 | €16,014 | €98,432 | €108,274 | €42,831 | ▼ 60.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2,051 | €2,054 | €2,233 | €1,000 | €1,513 | ▲ 51.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €941,426 | €907,630 | €999,296 | €948,275 | €900,175 | €967,341 | €908,904 | €848,139 | ▼ 6.7% |
| Equity10/15 | €574,987 | €640,878 | €711,948 | €700,412 | €713,582 | €558,308 | €632,994 | €630,249 | ▼ 0.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €257,610 | €323,860 | €395,289 | €384,112 | €397,641 | €242,726 | €317,772 | €315,387 | ▼ 0.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €382,252 | €395,781 | €242,726 | €317,772 | €315,387 | ▼ 0.8% |
| Profit (loss) carried forward14 | €301,026 | €301,026 | €301,026 | €301,026 | €301,026 | €301,026 | €301,026 | €301,026 | = |
| Investment grants15 | - | - | - | €2,874 | €2,514 | €2,155 | €1,796 | €1,436 | ▼ 20.0% |
| Amounts payable17/49 | €366,439 | €266,752 | €287,348 | €247,863 | €186,593 | €409,034 | €275,910 | €217,890 | ▼ 21.0% |
| Amounts payable after more than one year17 | €200,052 | €143,412 | €204,280 | €171,700 | €138,659 | €105,150 | €110,655 | €55,779 | ▼ 49.6% |
| Financial debts170/4 | - | - | - | €171,700 | €138,659 | €105,150 | €110,655 | €55,779 | ▼ 49.6% |
| Amounts payable within one year42/48 | €166,387 | €123,340 | €83,068 | €76,163 | €47,363 | €302,353 | €164,685 | €160,972 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €40,844 | €41,267 | €41,732 | €57,532 | €58,945 | ▲ 2.5% |
| Trade debts44 | €2,367 | €4,518 | €1,653 | €6,482 | €4,744 | €2,852 | €2,852 | €6,155 | ▲ 116% |
| Suppliers440/4 | - | - | - | €6,482 | €4,744 | €2,852 | €2,852 | €6,155 | ▲ 116% |
| Taxes, remuneration and social security45 | - | - | - | €21,247 | €1,353 | €20,708 | €18,306 | €24,330 | ▲ 32.9% |
| Taxes450/3 | - | - | - | €21,247 | €1,353 | €20,708 | €18,306 | €23,330 | ▲ 27.4% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | €1,000 | - |
| Other amounts payable47/48 | - | - | - | €7,589 | €0 | €237,060 | €85,996 | €71,542 | ▼ 16.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €570 | €1,530 | €570 | €1,138 | ▲ 99.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €237,491 | €66,250 | €71,429 | -€11,177 | €13,529 | €82,085 | €141,295 | €69,044 | ▼ 51.1% |
| + Depreciation and write-downs630 | €34,466 | €70,055 | €43,728 | €48,674 | €44,622 | €46,502 | €55,378 | €58,729 | ▲ 6.1% |
| Operating cash flow (approximation) | €271,957 | €136,305 | €115,157 | €37,497 | €58,151 | €128,587 | €196,673 | €127,773 | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | -€227,389 | -€137,710 | €0 | -€1,134 | -€81,297 | -€23,987 | -€20,940 | ▲ 12.7% |
| Change in cash | - | -€208,022 | €4,542 | €10,536 | €936 | €82,418 | €9,842 | -€65,443 | - |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347591 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00340088 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00341965 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00278176 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20323269 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57000305 | |
| 31-12-2019 | micro format | 23-08-2020 | 2020-42800440 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54500303 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-38200473 | |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44800195 |