Financials · financial year 2025, abbreviated format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438987.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 20 filings
Equity
€7.9m▲ 0.4%
2024 · €7.9m
Net result
€28,792▼ 59.0%
2024 · €70,235
Total assets
€9.4m▲ 1.8%
2024 · €9.2m
Solvency
84.5%▼ 1.2pp
2024 · 85.7%
In the rankings
#5 company by equity in Steenokkerzeel
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€19,068
▲ 29.6%
2025
20182025
Net result
€28,792
▼ 59.0%
2025
middle half of the sector
20182025
Equity
€7.9m
▲ 0.4%
2025
highest quarter of the sector
20182025
Total assets
€9.4m
▲ 1.8%
2025
highest quarter of the sector
20182025
Debt
€1.4m
▲ 10.6%
2025
20182025
Working capital
€7.3m
▲ 2.9%
2025
highest quarter of the sector
20182025
Solvency
84.5%
▼ 1.2pp
2025
highest quarter of the sector
20182025
Current ratio
58.43
▲ 14.97
2025
highest quarter of the sector
20182025
Return on assets (ROA)
0.3%
▼ 0.5pp
2025
lowest quarter 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-€0.06m--€0.09m▼ 61.0%€0.3m€0.3m=€0.4m▲ 12.1%-€0.03m-€0.03m▲ 8.7%-€0.02m▲ 29.6%
Net result€0.9m-€0.3m▼ 61.8%€1.0mabove the sector's middle half▲ 204%-€2.6mbelow the sector's middle half€0.6mabove the sector's middle half€0.07mwithin the sector's middle half▼ 88.7%€0.07mwithin the sector's middle half▲ 0.2%€0.03mwithin the sector's middle half▼ 59.0%
Equity€10.7m-€11.1m▲ 3.1%€12.1mabove the sector's middle half▲ 9.1%€8.0mabove the sector's middle half▼ 33.6%€8.6mabove the sector's middle half▲ 7.7%€8.7mabove the sector's middle half▲ 0.8%€7.9mabove the sector's middle half▼ 9.7%€7.9mabove the sector's middle half▲ 0.4%
Total assets€13.7m-€14.1m▲ 2.6%€15.0mabove the sector's middle half▲ 6.8%€8.7mabove the sector's middle half▼ 42.4%€9.1mabove the sector's middle half▲ 5.7%€9.3mabove the sector's middle half▲ 2.0%€9.2mabove the sector's middle half▼ 1.6%€9.4mabove the sector's middle half▲ 1.8%
Debt€2.9m-€3.0m▲ 1.0%€2.9m▼ 1.9%€0.6m▼ 78.5%€0.5m▼ 20.5%€0.6m▲ 23.0%€1.3m▲ 114%€1.4m▲ 10.6%
Working capital€6.3m-€6.6m▲ 3.9%€7.5mabove the sector's middle half▲ 14.7%€6.2mabove the sector's middle half▼ 18.4%€6.9mabove the sector's middle half▲ 11.2%€7.3mabove the sector's middle half▲ 6.7%€7.1mabove the sector's middle half▼ 2.8%€7.3mabove the sector's middle half▲ 2.9%
Solvency78.5%-78.8%▲ 0.3pp80.6%above the sector's middle half▲ 1.7pp92.8%above the sector's middle half▲ 12.2pp94.6%above the sector's middle half▲ 1.8pp93.4%above the sector's middle half▼ 1.1pp85.7%above the sector's middle half▼ 7.7pp84.5%above the sector's middle half▼ 1.2pp
Current ratio3.25-3.31▲ 0.073.71above the sector's middle half▲ 0.4012.59above the sector's middle half▲ 8.8820.41above the sector's middle half▲ 7.8278.47above the sector's middle half▲ 58.0743.46above the sector's middle half▼ 35.0158.43above the sector's middle half▲ 14.97
Return on assets (ROA)6.4%-2.4%▼ 4.0pp6.7%within the sector's middle half▲ 4.4pp-29.7%below the sector's middle half▼ 36.4pp6.8%within the sector's middle half▲ 36.5pp0.8%within the sector's middle half▼ 6.0pp0.8%within the sector's middle half=0.3%below the sector's middle half▼ 0.5pp
Staff (FTE)5.9-
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 2025 is a loss of €19,068, smaller than the loss of €27,102 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.4m
Fixed assets
€1.9m =
Current assets
€7.4m ▲ 2.3%
Equity and liabilities €9.4m
Equity
€7.9m ▲ 0.4%
Debt
€1.4m ▲ 10.6%
Debt's share of the balance-sheet total rises from 14.3% to 15.5%. Equity and debt are higher.
Key figures and ratios
ROE
0.4%▼
2024 · 0.9%
Debt ≤ 1 year
€127,302▼
2024 · €167,273
Income taxes
€38,715▲
2024 · €28,062
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 | - | €5,371 | - | €5,164 | €1,652 |
| Financial fixed assets | €2.0m | - | - | - | - |
| Depreciation and write-downs of the year | €21,248 | €22,322 | €16,659 | €16,821 | €2,410 |
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 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.002m | ▼ 85.7% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.006m | ▲ 217% |
| Gross operating margin9900 | €0.4m | -€0.08m | €0.4m | €0.4m | €0.4m | -€0.01m | -€0.008m | -€0.01m | ▼ 25.5% |
| Operating profit (loss)9901 | -€0.06m | -€0.09m | €0.3m | €0.3m | €0.4m | -€0.03m | -€0.03m | -€0.02m | ▲ 29.6% |
| Financial income75/76B | - | - | - | €0.1m | €0.3m | €0.1m | €0.1m | €0.09m | ▼ 27.4% |
| Recurring financial income75 | €0.2m | €0.7m | €1.0m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 27.4% |
| Non-recurring financial income76B | - | - | - | - | €0.2m | - | - | - | - |
| Financial charges65/66B | - | - | - | €3.0m | €0.004m | €0.004m | €0.005m | €0.008m | ▲ 63.3% |
| Recurring financial charges65 | €0.4m | €0.3m | €0.3m | €0.1m | €0.004m | €0.004m | €0.005m | €0.008m | ▲ 63.3% |
| Non-recurring financial charges66B | - | - | - | €2.9m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.0m | €0.4m | €1.0m | -€2.6m | €0.7m | €0.07m | €0.1m | €0.07m | ▼ 31.3% |
| Income taxes67/77 | €0.09m | €0.03m | €0.001m | €0.001m | €0.06m | €0.003m | €0.03m | €0.04m | ▲ 38.0% |
| Profit (loss) for the period9904 | €0.9m | €0.3m | €1.0m | -€2.6m | €0.6m | €0.07m | €0.07m | €0.03m | ▼ 59.0% |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.3m | €1.0m | -€2.6m | €0.6m | €0.07m | €0.07m | €0.03m | ▼ 59.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €13.7m | €14.1m | €15.0m | €8.7m | €9.1m | €9.3m | €9.2m | €9.4m | ▲ 1.8% |
| Fixed assets21/28 | €4.5m | €4.6m | €4.7m | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Tangible fixed assets22/27 | €0.05m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.7% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.03m | €0.02m | €0.007m | €0.006m | ▼ 10.6% |
| Other tangible fixed assets26 | - | - | - | €0.007m | €0.001m | €0.001m | - | - | - |
| Financial fixed assets28 | €4.5m | €4.5m | €4.5m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €9.1m | €9.4m | €10.3m | €6.7m | €7.2m | €7.4m | €7.3m | €7.4m | ▲ 2.3% |
| Amounts receivable within one year40/41 | €0.9m | €0.01m | €1.0m | €1.0m | €1.4m | €1.3m | €0.5m | €0.03m | ▼ 94.5% |
| Trade receivables40 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Other amounts receivable41 | - | - | - | €1.0m | €1.4m | €1.3m | €0.5m | €0.02m | ▼ 95.6% |
| Current investments50/53 | €7.7m | €3.5m | - | €1.7m | €5.6m | €6.0m | €6.7m | €7.1m | ▲ 6.1% |
| Cash at bank and in hand54/58 | €0.6m | €5.9m | €9.3m | €4.0m | €0.2m | €0.07m | €0.08m | €0.3m | ▲ 262% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.006m | €0.01m | €0.01m | €0.02m | ▲ 79.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €13.7m | €14.1m | €15.0m | €8.7m | €9.1m | €9.3m | €9.2m | €9.4m | ▲ 1.8% |
| Equity10/15 | €10.7m | €11.1m | €12.1m | €8.0m | €8.6m | €8.7m | €7.9m | €7.9m | ▲ 0.4% |
| Contributions10/11 | €4.5m | €4.5m | €4.5m | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €6.2m | €6.5m | €7.3m | €5.0m | €5.0m | €5.0m | €4.9m | €4.9m | = |
| Distributable reserves133 | - | - | - | €5.0m | €5.0m | €5.0m | €4.9m | €4.9m | = |
| Profit (loss) carried forward14 | €0.04m | €0.04m | €0.3m | €0.03m | €0.6m | €0.7m | €0.02m | €0.05m | ▲ 134% |
| Amounts payable17/49 | €2.9m | €3.0m | €2.9m | €0.6m | €0.5m | €0.6m | €1.3m | €1.4m | ▲ 10.6% |
| Amounts payable within one year42/48 | €2.8m | €2.8m | €2.8m | €0.5m | €0.4m | €0.09m | €0.2m | €0.1m | ▼ 23.9% |
| Trade debts44 | €0.009m | €0.01m | €0.006m | €0.001m | €0.004m | €0.003m | €0.002m | €0.002m | ▲ 9.3% |
| Suppliers440/4 | - | - | - | €0.001m | €0.004m | €0.003m | €0.002m | €0.002m | ▲ 9.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.06m | - | - | - | - |
| Taxes450/3 | - | - | - | €0.001m | €0.06m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.3m | €0.09m | €0.2m | €0.1m | ▼ 24.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.09m | €0.1m | €0.5m | €1.1m | €1.3m | ▲ 15.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.3m | €1.0m | -€2.6m | €0.6m | €0.07m | €0.07m | €0.03m | ▼ 59.0% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.002m | ▼ 85.7% |
| Operating cash flow (approximation) | €0.9m | €0.3m | €1.0m | -€2.5m | €0.6m | €0.09m | €0.09m | €0.03m | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.07m | €2.7m | -€0.005m | €0 | -€0.005m | -€0.002m | ▲ 68.0% |
| Change in cash | - | €5.4m | €3.4m | -€5.4m | -€3.7m | -€0.2m | €0.02m | €0.2m | ▲ 12× |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-08-2026 | 2026-00438987 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00348857 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00325187 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00424443 | |
| 31-12-2021 | abbreviated format | 26-08-2022 | 2022-20353199 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-45600480 | |
| 31-12-2019 | abbreviated format | 24-08-2020 | 2020-44500351 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61200402 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-61300179 | |
| 31-12-2016 | micro format | 01-08-2017 | 2017-40500198 |