Financials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 PDF all 6 filings
Equity
€75,061▼ 33.3%
2024 · €112,466
Net result
€36,591▼ 2.2%
2024 · €37,405
Total assets
€314,044▲ 24.1%
2024 · €253,145
Solvency
23.9%▼ 20.5pp
2024 · 44.4%
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is 0% lower than in 2024.
Operating result€57,993
2025
Net result€36,591
2025
Total assets€314,044
2025
Equity€75,061
2025
Debt€238,983
2025
Working capital-€71,587
2025
Return on assets (ROA)11.7%
2025
Solvency23.9%
2025
Current ratio0.67
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 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 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
Line202020212022202320242025
Operating result€58,139-€52,282▼ 10.1%€42,417▼ 18.9%€49,395▲ 16.5%€58,264▲ 18.0%€57,993▼ 0.5%
Net result€40,898within the sector's middle half-€34,063within the sector's middle half▼ 16.7%€27,684within the sector's middle half▼ 18.7%€31,711within the sector's middle half▲ 14.5%€37,405within the sector's middle half▲ 18.0%€36,591within the sector's middle half▼ 2.2%
Equity€40,998within the sector's middle half-€75,061within the sector's middle half▲ 83.1%€102,745within the sector's middle half▲ 36.9%€75,061within the sector's middle half▼ 26.9%€112,466within the sector's middle half▲ 49.8%€75,061within the sector's middle half▼ 33.3%
Total assets€100,169below the sector's middle half-€152,479within the sector's middle half▲ 52.2%€202,349within the sector's middle half▲ 32.7%€234,599within the sector's middle half▲ 15.9%€253,145within the sector's middle half▲ 7.9%€314,044within the sector's middle half▲ 24.1%
Debt€59,171-€77,418▲ 30.8%€99,603▲ 28.7%€159,538▲ 60.2%€140,680▼ 11.8%€238,983▲ 69.9%
Working capital€40,998within the sector's middle half-€77,156within the sector's middle half▲ 88.2%-€36,806below the sector's middle half€14,685within the sector's middle half€33,110within the sector's middle half▲ 125%-€71,587below the sector's middle half
Solvency40.9%within the sector's middle half-49.2%within the sector's middle half▲ 8.3pp50.8%within the sector's middle half▲ 1.5pp32.0%within the sector's middle half▼ 18.8pp44.4%within the sector's middle half▲ 12.4pp23.9%within the sector's middle half▼ 20.5pp
Current ratio1.69within the sector's middle half-2.02within the sector's middle half▲ 0.330.61below the sector's middle half▼ 1.411.19within the sector's middle half▲ 0.581.65within the sector's middle half▲ 0.460.67below the sector's middle half▼ 0.98
Return on assets (ROA)40.8%above the sector's middle half-22.3%within the sector's middle half▼ 18.5pp13.7%within the sector's middle half▼ 8.7pp13.5%within the sector's middle half▼ 0.2pp14.8%within the sector's middle half▲ 1.3pp11.7%within the sector's middle half▼ 3.1pp
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.
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 €314,044
Fixed assets
€169,000 =
Current assets
€145,044 ▲ 72.4%
Equity and liabilities €314,044
Equity
€75,061 ▼ 33.3%
Debt
€238,983 ▲ 69.9%
Debt's share of the balance-sheet total rises from 55.6% to 76.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
48.7%▲
2024 · 33.3%
Debt ≤ 1 year
€216,631▲
2024 · €51,035
Debt > 1 year
€0▼
2024 · €75,061
Income taxes
€13,101▼
2024 · €13,387
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 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €144,000 | - | €25,000 | - |
| Depreciation and write-downs of the year | - | - | - | - | €9,671 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €9,671 | - |
| Other operating charges640/8 | - | €201 | €102 | €783 | €720 | €583 | ▼ 19.0% |
| Non-recurring operating charges66A | - | €511 | €248 | - | - | - | - |
| Gross operating margin9900 | €58,239 | €52,994 | €42,767 | €50,178 | €58,984 | €68,247 | ▲ 15.7% |
| Operating profit (loss)9901 | €58,139 | €52,282 | €42,417 | €49,395 | €58,264 | €57,993 | ▼ 0.5% |
| Financial income75/76B | - | €0 | - | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €3,843 | €3,707 | €5,411 | €7,473 | €8,300 | ▲ 11.1% |
| Recurring financial charges65 | €198 | €3,843 | €3,707 | €5,411 | €7,473 | €8,300 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €57,941 | €48,439 | €38,710 | €43,984 | €50,791 | €49,692 | ▼ 2.2% |
| Income taxes67/77 | €17,043 | €14,377 | €11,026 | €12,272 | €13,387 | €13,101 | ▼ 2.1% |
| Profit (loss) for the period9904 | €40,898 | €34,063 | €27,684 | €31,711 | €37,405 | €36,591 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €40,898 | €34,063 | €27,684 | €31,711 | €37,405 | €36,591 | ▼ 2.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €100,169 | €152,479 | €202,349 | €234,599 | €253,145 | €314,044 | ▲ 24.1% |
| Fixed assets21/28 | - | - | €144,000 | €144,000 | €169,000 | €169,000 | = |
| Financial fixed assets28 | - | - | €144,000 | €144,000 | €169,000 | €169,000 | = |
| Current assets29/58 | €100,169 | €152,479 | €58,349 | €90,599 | €84,145 | €145,044 | ▲ 72.4% |
| Amounts receivable within one year40/41 | €89,422 | €141,618 | €20,231 | €54,799 | €44,528 | €141,885 | ▲ 219% |
| Trade receivables40 | - | €141,618 | €20,231 | €54,571 | €43,657 | €141,885 | ▲ 225% |
| Other amounts receivable41 | - | - | - | €228 | €871 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €9,487 | €9,601 | €36,858 | €34,541 | €38,358 | €2,962 | ▼ 92.3% |
| Deferred charges and accrued income490/1 | - | €1,259 | €1,259 | €1,259 | €1,259 | €197 | ▼ 84.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €100,169 | €152,479 | €202,349 | €234,599 | €253,145 | €314,044 | ▲ 24.1% |
| Equity10/15 | €40,998 | €75,061 | €102,745 | €75,061 | €112,466 | €75,061 | ▼ 33.3% |
| Contributions10/11 | - | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €40,898 | €74,961 | €74,961 | €74,961 | €112,366 | €74,961 | ▼ 33.3% |
| Distributable reserves133 | - | €74,961 | €74,961 | €74,961 | €112,366 | €74,961 | ▼ 33.3% |
| Profit (loss) carried forward14 | - | - | €27,684 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €59,171 | €77,418 | €99,603 | €159,538 | €140,680 | €238,983 | ▲ 69.9% |
| Amounts payable after more than one year17 | - | - | - | €75,061 | €75,061 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €75,061 | €75,061 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €59,171 | €75,323 | €95,155 | €75,914 | €51,035 | €216,631 | ▲ 324% |
| Trade debts44 | €3,839 | €3,915 | €1,940 | €4,088 | €1,432 | €2,507 | ▲ 75.1% |
| Suppliers440/4 | - | €3,915 | €1,940 | €4,088 | €1,432 | €2,507 | ▲ 75.1% |
| Taxes, remuneration and social security45 | - | €31,719 | €30,118 | €16,175 | €10,490 | €5,577 | ▼ 46.8% |
| Taxes450/3 | - | €20,704 | €30,118 | €16,175 | €10,490 | €5,577 | ▼ 46.8% |
| Remuneration and social security454/9 | - | €11,015 | - | - | - | - | - |
| Other amounts payable47/48 | - | €39,689 | €63,096 | €55,651 | €39,114 | €208,547 | ▲ 433% |
| Accrued charges and deferred income492/3 | - | €2,094 | €4,449 | €8,563 | €14,583 | €22,352 | ▲ 53.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,898 | €34,063 | €27,684 | €31,711 | €37,405 | €36,591 | ▼ 2.2% |
| + Depreciation and write-downs630 | - | - | - | - | - | €9,671 | - |
| Operating cash flow (approximation) | €40,898 | €34,063 | €27,684 | €31,711 | €37,405 | €46,263 | ▲ 23.7% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€25,000 | -€9,671 | ▲ 61.3% |
| Change in cash | - | €114 | €27,257 | -€2,317 | €3,817 | -€35,396 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00157190 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00351530 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00431042 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00401263 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20329056 | |
| 31-08-2020 | micro format | 31-03-2021 | 2021-09700528 |