Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 18 filings
Turnover
≈ €190,000
Estimated: probably between €140,000 and €290,000
Total assets
€2.3m▲ 73.3%
2024 · €1.3m
Net result
€905,279▲ 13×
2024 · €69,571
Working capital
€912,367
2024 · -€28,789
In the rankings
#3 company by equity in Bredene, Professional and technical services sector#7 company by total assets in Bredene, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€93,952
▲ 10.6%
2025
20182025
Net result
€905,279
▲ 13×
2025
highest quarter of the sector
20182025
Equity
€2.2m
▲ 72.7%
2025
highest quarter of the sector
20182025
Total assets
€2.3m
▲ 73.3%
2025
middle half of the sector
20182025
Debt
€162,211
▲ 82.1%
2025
20182025
Working capital
€912,367
2025
highest quarter of the sector
20182025
Solvency
93.0%
▼ 0.3pp
2025
highest quarter of the sector
20182025
Current ratio
8.44
▲ 7.78
2025
highest quarter of the sector
20182025
Return on assets (ROA)
39.1%
▲ 33.9pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.03m▼ 6.4%€0.07m▲ 127%€0.07m▼ 1.4%€0.08m▲ 24.2%€0.09m▲ 9.0%€0.08m▼ 4.8%€0.09m▲ 10.6%
Net result€0.06m-€0.06m▲ 1.1%€0.07mwithin the sector's middle half▲ 8.9%€0.07mwithin the sector's middle half▲ 0.5%€0.07mwithin the sector's middle half▼ 2.6%€0.07mwithin the sector's middle half▲ 8.8%€0.07mwithin the sector's middle half▼ 3.7%€0.9mabove the sector's middle half▲ 13×
Equity€0.9m-€1.0m▲ 6.8%€1.0mwithin the sector's middle half▲ 7.0%€1.1mwithin the sector's middle half▲ 6.5%€1.1mwithin the sector's middle half▲ 3.1%€1.2mwithin the sector's middle half▲ 2.8%€1.2mwithin the sector's middle half▲ 5.9%€2.2mabove the sector's middle half▲ 72.7%
Total assets€1.3m-€1.3m▼ 0.6%€1.3mwithin the sector's middle half▲ 1.2%€1.3mwithin the sector's middle half▲ 0.5%€1.3mwithin the sector's middle half=€1.3mwithin the sector's middle half▲ 0.9%€1.3mwithin the sector's middle half▼ 0.1%€2.3mwithin the sector's middle half▲ 73.3%
Debt€0.4m-€0.3m▼ 17.6%€0.3m▼ 15.8%€0.2m▼ 22.2%€0.2m▼ 16.1%€0.2m▼ 11.2%€0.09m▼ 44.1%€0.2m▲ 82.1%
Working capital-€0.06m--€0.06m▼ 3.8%-€0.05mwithin the sector's middle half▲ 14.0%-€0.04mwithin the sector's middle half▲ 24.3%-€0.05mwithin the sector's middle half▼ 17.7%-€0.07mbelow the sector's middle half▼ 65.2%-€0.03mwithin the sector's middle half▲ 61.5%€0.9mabove the sector's middle half
Solvency69.7%-74.9%▲ 5.2pp79.1%above the sector's middle half▲ 4.2pp83.8%above the sector's middle half▲ 4.7pp86.4%above the sector's middle half▲ 2.6pp88.1%above the sector's middle half▲ 1.6pp93.3%above the sector's middle half▲ 5.3pp93.0%above the sector's middle half▼ 0.3pp
Current ratio0.29-0.28▼ 0.020.42below the sector's middle half▲ 0.140.54below the sector's middle half▲ 0.120.50below the sector's middle half▼ 0.040.43below the sector's middle half▼ 0.070.66within the sector's middle half▲ 0.238.44above the sector's middle half▲ 7.78
Return on assets (ROA)4.7%-4.8%▲ 0.1pp5.2%within the sector's middle half▲ 0.4pp5.1%within the sector's middle half=5.0%within the sector's middle half▼ 0.1pp5.4%within the sector's middle half▲ 0.4pp5.2%within the sector's middle half▼ 0.2pp39.1%above the sector's middle half▲ 33.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 11% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €2.3m
Fixed assets
€1.3m =
Current assets
€1.0m ▲ 18×
Equity and liabilities €2.3m
Equity
€2.2m ▲ 72.7%
Debt
€162,211 ▲ 82.1%
Debt's share of the balance-sheet total rises from 6.7% to 7.0%. Equity and debt are higher.
Key figures and ratios
ROE
42.1%▲
2024 · 5.6%
Debt ≤ 1 year
€122,574▲
2024 · €85,299
Debt > 1 year
€39,539▲
2024 · €3,136
Income taxes
€114,510▲
2024 · €24,490
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
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 | €0.006m | €0.006m | €0.001m | €0.001m | €0.001m | €188 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▼ 5.6% |
| Gross operating margin9900 | €0.04m | €0.04m | €0.07m | €0.07m | €0.08m | €0.09m | €0.09m | €0.1m | ▲ 10.2% |
| Operating profit (loss)9901 | €0.03m | €0.03m | €0.07m | €0.07m | €0.08m | €0.09m | €0.08m | €0.09m | ▲ 10.6% |
| Financial income75/76B | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.9m | ▲ 93× |
| Recurring financial income75 | €0.05m | €0.05m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.9m | ▲ 93× |
| Financial charges65/66B | - | - | - | €0.003m | €0.002m | €0.002m | €0.001m | €167 | ▼ 79.7% |
| Recurring financial charges65 | €0.006m | €0.005m | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | €167 | ▼ 79.7% |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.07m | €0.09m | €0.09m | €0.09m | €0.1m | €0.09m | €1.0m | ▲ 984% |
| Income taxes67/77 | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | €0.1m | ▲ 368% |
| Profit (loss) for the period9904 | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.9m | ▲ 13× |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.9m | ▲ 13× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €2.3m | ▲ 73.3% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Tangible fixed assets22/27 | €0.006m | - | €0.002m | €0.001m | €188 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €188 | €0 | - | - | - |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.02m | €0.02m | €0.04m | €0.04m | €0.05m | €0.06m | €0.06m | €1.0m | ▲ 18× |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.9m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.9m | - |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €0.02m | €0.02m | €0.02m | €0.04m | €0.04m | €0.04m | ▲ 6.6% |
| Trade receivables40 | - | - | - | - | €0.02m | €0.04m | €0.03m | €0.04m | ▲ 43.5% |
| Other amounts receivable41 | - | - | - | €0.02m | - | - | €0.01m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | €0.01m | €0.02m | €0.07m | ▲ 285% |
| Deferred charges and accrued income490/1 | - | - | - | €414 | €408 | €412 | €427 | €441 | ▲ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €2.3m | ▲ 73.3% |
| Equity10/15 | €0.9m | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | €1.2m | €2.2m | ▲ 72.7% |
| Contributions10/11 | €0.6m | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €1.5m | ▲ 145% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €1.5m | ▲ 145% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.09m | €0.2m | ▲ 82.1% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.1m | €0.09m | €0.03m | €0.003m | €0.04m | ▲ 13× |
| Financial debts170/4 | - | - | - | €0.1m | €0.08m | €0.02m | €0 | - | - |
| Other amounts payable178/9 | - | - | - | - | €0.01m | €0.008m | €0.003m | €0.04m | ▲ 13× |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.09m | €0.08m | €0.09m | €0.1m | €0.09m | €0.1m | ▲ 43.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.02m | €0 | ▼ 100% |
| Trade debts44 | €105 | €0.001m | €0.001m | €0.001m | €0.001m | €400 | €220 | €0.002m | ▲ 840% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €400 | €220 | €0.002m | ▲ 840% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | €0.1m | ▲ 365% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | €0.1m | ▲ 375% |
| Remuneration and social security454/9 | - | - | - | - | - | €96 | €0.001m | €16 | ▼ 97.3% |
| Other amounts payable47/48 | - | - | - | - | - | €0.04m | €0.04m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €92 | €0.001m | €98 | ▼ 84.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,635 | €62,284 | €67,818 | €68,151 | €66,396 | €72,250 | €69,571 | €905,279 | ▲ 13× |
| + Depreciation and write-downs630 | €6,447 | €6,446 | €545 | €1,211 | €1,056 | €188 | €0 | - | - |
| Operating cash flow (approximation) | €68,082 | €68,730 | €68,363 | €69,362 | €67,452 | €72,438 | €69,571 | €905,279 | ▲ 13× |
| Investment in fixed assets (approximation) | - | €0 | -€3,000 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€342 | -€4,610 | €9,714 | -€5,327 | -€8,522 | €5,511 | €49,851 | ▲ 805% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00273576 | |
| 31-12-2024 | abbreviated format | 04-07-2025 | 2025-00252979 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00447911 | |
| 31-12-2022 | abbreviated format | 25-10-2023 | 2023-00492556 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20387005 | |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-69800009 | |
| 31-12-2019 | abbreviated format | 08-10-2020 | 2020-60300464 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59800216 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-54300046 | |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-47600084 |