POINT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 21-05-2026 PDF all 42 filings
Turnover
≈ €510,000
Estimated: probably between €310,000 and €950,000
EBIT margin
Not included in this filing
Net result
€20,451▼ 21.4%
2024 · €26,015
Working capital
-€1.3m▼ 8.6%
2024 · -€1.2m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€114,869
▲ 1.5%
2025
20182025
Net result
€20,451
▼ 21.4%
2025
20182025
Equity
€407,272
▲ 5.3%
2025
20182025
Total assets
€3.5m
▲ 2.5%
2025
20182025
Debt
€3.1m
▲ 2.2%
2025
20182025
Working capital
-€1.3m
▼ 8.6%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▲ 10.2%€0.1m▲ 4.6%€0.05m▼ 54.4%€0.1m▲ 126%€0.1m▼ 5.6%€0.1m▲ 5.2%€0.1m▲ 1.5%
Net result-€0.5m-€0.06m€0.06m▲ 6.4%-€474€0.06m€0.03m▼ 53.3%€0.03m▼ 0.2%€0.02m▼ 21.4%
Equity€0.2m-€0.2m▲ 35.5%€0.3m▲ 27.9%€0.3m▼ 0.2%€0.3m▲ 20.0%€0.4m▲ 7.8%€0.4m▲ 7.2%€0.4m▲ 5.3%
Total assets€2.4m-€2.7m▲ 11.8%€2.9m▲ 7.1%€3.0m▲ 3.1%€3.1m▲ 4.0%€3.3m▲ 7.4%€3.4m▲ 4.3%€3.5m▲ 2.5%
Debt€2.2m-€2.5m▲ 10.0%€2.6m▲ 5.3%€2.7m▲ 3.4%€2.7m▲ 2.4%€2.9m▲ 7.4%€3.1m▲ 4.0%€3.1m▲ 2.2%
Working capital-€0.5m--€0.6m▼ 7.0%-€0.6m▼ 8.5%-€1.0m▼ 66.0%-€1.0m▼ 5.3%-€1.1m▼ 8.3%-€1.2m▼ 8.0%-€1.3m▼ 8.6%
The operating result for 2025 is 2% higher than in 2024 and the highest since 2018. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€2.0m ▼ 2.0%
Current assets
€1.6m ▲ 8.9%
Equity and liabilities €3.5m
Equity
€407,272 ▲ 5.3%
Debt
€3.1m ▲ 2.2%
Debt's share of the balance-sheet total falls from 88.8% to 88.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155,172▼
2024 · €158,738
Cash flow
€60,754▼
2024 · €71,633
Current ratio
0.54▲
2024 · 0.54
Debt to equity
7.66▼
2024 · 7.90
ROE
5.0%▼
2024 · 6.7%
ROA
0.6%▼
2024 · 0.8%
Interest coverage
1.64▼
2024 · 1.82
Debt ≤ 1 year
€2.9m▲
2024 · €2.7m
Debt > 1 year
€228,863▼
2024 · €395,373
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 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.0m | €869,671 | - | - | - |
| Mortgages, amount registered | €1.9m | €1.9m | - | - | - |
| Carrying value of the mortgaged assets | €1.5m | €1.5m | - | - | - |
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 | €929 | - | - | - | - |
| Financial fixed assets | €340,010 | - | - | - | - |
| Depreciation and write-downs of the year | €46,621 | €45,618 | €45,618 | €45,618 | €40,303 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €135,870 | €199,260 | - | - | - | - |
| Other operating income74 | - | - | - | €135,870 | €199,260 | - | - | - | - |
| Operating charges60/66A | - | - | - | €85,409 | €85,399 | - | - | - | - |
| Services and other goods61 | - | - | - | €1,775 | €1,892 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,675 | €53,447 | €48,553 | €46,621 | €45,618 | €45,618 | €45,618 | €40,303 | ▼ 11.7% |
| Other operating charges640/8 | - | - | - | €37,013 | €37,890 | €41,669 | €43,249 | €44,601 | ▲ 3.1% |
| Gross operating margin9900 | - | - | - | - | - | €194,769 | €201,987 | €199,773 | ▼ 1.1% |
| Operating profit (loss)9901 | €96,000 | €105,815 | €110,728 | €50,461 | €113,860 | €107,483 | €113,120 | €114,869 | ▲ 1.5% |
| Financial charges65/66B | - | - | - | €50,935 | €58,089 | €81,423 | €87,105 | €94,418 | ▲ 8.4% |
| Recurring financial charges65 | €488,604 | €48,588 | €49,849 | €50,935 | €58,089 | €81,423 | €87,105 | €94,418 | ▲ 8.4% |
| Debt charges650 | €48,030 | €48,380 | €49,665 | €50,550 | €57,899 | - | - | - | - |
| Other financial charges652/9 | - | - | - | €385 | €190 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€475,890 | €57,227 | €60,879 | -€474 | €55,772 | €26,060 | €26,015 | €20,451 | ▼ 21.4% |
| Profit (loss) for the period9904 | -€475,890 | €57,227 | €60,879 | -€474 | €55,772 | €26,060 | €26,015 | €20,451 | ▼ 21.4% |
| Profit (loss) for the period to be appropriated9905 | -€475,890 | €57,227 | €60,879 | -€474 | €55,772 | €26,060 | €26,015 | €20,451 | ▼ 21.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.4m | €2.7m | €2.9m | €3.0m | €3.1m | €3.3m | €3.4m | €3.5m | ▲ 2.5% |
| Fixed assets21/28 | €1.9m | €1.9m | €1.8m | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 2.0% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.6m | €1.5m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 2.9% |
| Land and buildings22 | - | - | - | €1.5m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 2.9% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Affiliated companies280/1 | - | - | - | €0.6m | €0.6m | - | - | - | - |
| Participating interests280 | - | - | - | €0.6m | €0.6m | - | - | - | - |
| Current assets29/58 | €0.4m | €0.8m | €1.0m | €0.8m | €1.0m | €1.2m | €1.4m | €1.6m | ▲ 8.9% |
| Amounts receivable within one year40/41 | €0.4m | €0.8m | €1.0m | €0.8m | €1.0m | €1.2m | €1.4m | €1.6m | ▲ 8.9% |
| Other amounts receivable41 | - | - | - | €0.8m | €1.0m | €1.2m | €1.4m | €1.6m | ▲ 8.9% |
| Cash at bank and in hand54/58 | €0.008m | €0.03m | €0.001m | €0.001m | €0.001m | €0.01m | €0.002m | €0.001m | ▼ 58.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.4m | €2.7m | €2.9m | €3.0m | €3.1m | €3.3m | €3.4m | €3.5m | ▲ 2.5% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 5.3% |
| Contributions10/11 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Revaluation surpluses12 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Legal reserve130 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€2.8m | -€2.7m | -€2.7m | -€2.7m | -€2.6m | -€2.6m | -€2.5m | -€2.5m | ▲ 0.8% |
| Amounts payable17/49 | €2.2m | €2.5m | €2.6m | €2.7m | €2.7m | €2.9m | €3.1m | €3.1m | ▲ 2.2% |
| Amounts payable after more than one year17 | €1.3m | €1.1m | €1.0m | €0.9m | €0.7m | €0.6m | €0.4m | €0.2m | ▼ 42.1% |
| Financial debts170/4 | - | - | - | €0.9m | €0.7m | €0.6m | €0.4m | €0.2m | ▼ 42.1% |
| Credit institutions173 | - | - | - | €0.9m | €0.7m | - | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.3m | €1.6m | €1.8m | €2.0m | €2.4m | €2.7m | €2.9m | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.6% |
| Trade debts44 | - | - | - | - | - | - | €126 | - | - |
| Suppliers440/4 | - | - | - | - | - | - | €126 | - | - |
| Other amounts payable47/48 | - | - | - | €1.7m | €1.9m | €2.2m | €2.5m | €2.7m | ▲ 9.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €450 | €450 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€475,890 | €57,227 | €60,879 | -€474 | €55,772 | €26,060 | €26,015 | €20,451 | ▼ 21.4% |
| + Depreciation and write-downs630 | €64,675 | €53,447 | €48,553 | €46,621 | €45,618 | €45,618 | €45,618 | €40,303 | ▼ 11.7% |
| Operating cash flow (approximation) | -€411,215 | €110,674 | €109,432 | €46,147 | €101,390 | €71,677 | €71,633 | €60,754 | ▼ 15.2% |
| Investment in fixed assets (approximation) | - | €1 | -€8,647 | -€340,939 | -€0 | €0 | €0 | €0 | - |
| Change in cash | - | €24,148 | -€31,223 | €28 | €387 | €9,398 | -€8,826 | -€990 | ▲ 88.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as POINT has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of POINT itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for POINT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-05-2026 | 2026-00118921 | |
| 31-12-2024 | abbreviated format | 05-06-2025 | 2025-00124186 | |
| 31-12-2023 | abbreviated format | 23-05-2024 | 2024-00095685 | |
| 31-12-2022 | full format | 15-06-2023 | 2023-00132815 | |
| 31-12-2021 | full format | 02-06-2022 | 2022-20047428 | |
| 31-12-2020 | full format | 17-06-2021 | 2021-21000004 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16100284 | |
| 31-12-2018 | full format | 23-05-2019 | 2019-14000538 | |
| 31-12-2017 | full format | 25-05-2018 | 2018-14200232 | |
| 31-12-2016 | full format | 23-05-2017 | 2017-12900557 |