Rob Gorris
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-06-2026 at the NBB all 4 filings
Equity
€37,928▼ 40.6%
2024 · €63,903
Net result
-€25,974▲ 6.6%
2024 · -€27,811
Total assets
€65,326▼ 17.6%
2024 · €79,304
Solvency
58.1%▼ 22.5pp
2024 · 80.6%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
-€26,466
▲ 3.4%
2025
20222025
Net result
-€25,974
▲ 6.6%
2025
lowest quarter of the sector
20222025
Equity
€37,928
▼ 40.6%
2025
middle half of the sector
20222025
Total assets
€65,326
▼ 17.6%
2025
lowest quarter of the sector
20222025
Debt
€27,397
▲ 77.9%
2025
20222025
Working capital
€18,818
▼ 56.4%
2025
middle half of the sector
20222025
Solvency
58.1%
▼ 22.5pp
2025
middle half of the sector
20222025
Current ratio
1.69
▼ 2.32
2025
middle half of the sector
20222025
Return on assets (ROA)
-39.8%
▼ 4.7pp
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€89,734-€34,943▼ 61.1%-€27,404-€26,466▲ 3.4%
Net result€60,668within the sector's middle half-€28,046within the sector's middle half▼ 53.8%-€27,811below the sector's middle half-€25,974below the sector's middle half▲ 6.6%
Equity€63,668within the sector's middle half-€91,714within the sector's middle half▲ 44.1%€63,903within the sector's middle half▼ 30.3%€37,928within the sector's middle half▼ 40.6%
Total assets€110,624below the sector's middle half-€113,688below the sector's middle half▲ 2.8%€79,304below the sector's middle half▼ 30.2%€65,326below the sector's middle half▼ 17.6%
Debt€46,956-€21,974▼ 53.2%€15,402▼ 29.9%€27,397▲ 77.9%
Working capital€56,546within the sector's middle half-€68,676within the sector's middle half▲ 21.5%€43,177within the sector's middle half▼ 37.1%€18,818within the sector's middle half▼ 56.4%
Solvency57.6%within the sector's middle half-80.7%above the sector's middle half▲ 23.1pp80.6%above the sector's middle half▼ 0.1pp58.1%within the sector's middle half▼ 22.5pp
Current ratio2.20within the sector's middle half-4.16above the sector's middle half▲ 1.954.00within the sector's middle half▼ 0.151.69within the sector's middle half▼ 2.32
Return on assets (ROA)54.8%above the sector's middle half-24.7%within the sector's middle half▼ 30.2pp-35.1%below the sector's middle half▼ 59.7pp-39.8%below the sector's middle half▼ 4.7pp
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 €26,466, smaller than the loss of €27,404 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,326
Fixed assets
€19,110 ▼ 12.1%
Current assets
€46,216 ▼ 19.7%
Equity and liabilities €65,326
Equity
€37,928 ▼ 40.6%
Debt
€27,397 ▲ 77.9%
Debt's share of the balance-sheet total rises from 19.4% to 41.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-68.5%▼
2024 · -43.5%
Debt ≤ 1 year
€27,397▲
2024 · €14,381
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €8,183 | €18,022 | €1,039 | - |
| Intangible fixed assets | €1,042 | - | - | - |
| Depreciation and write-downs of the year | €2,103 | €1,884 | €2,552 | €2,636 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,103 | €1,884 | €2,552 | €2,636 | ▲ 3.3% |
| Other operating charges640/8 | €271 | - | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €92,108 | €36,827 | -€24,464 | -€23,431 | ▲ 4.2% |
| Operating profit (loss)9901 | €89,734 | €34,943 | -€27,404 | -€26,466 | ▲ 3.4% |
| Financial income75/76B | €1 | €989 | €829 | €727 | ▼ 12.3% |
| Recurring financial income75 | €1 | €989 | €829 | €727 | ▼ 12.3% |
| Financial charges65/66B | €9 | €405 | €1,236 | €235 | ▼ 81.0% |
| Recurring financial charges65 | €9 | €405 | €1,236 | €235 | ▼ 81.0% |
| Profit (loss) for the period before taxes9903 | €89,727 | €35,527 | -€27,811 | -€25,974 | ▲ 6.6% |
| Income taxes67/77 | €29,059 | €7,481 | €0 | - | - |
| Profit (loss) for the period9904 | €60,668 | €28,046 | -€27,811 | -€25,974 | ▲ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €60,668 | €28,046 | -€27,811 | -€25,974 | ▲ 6.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €110,624 | €113,688 | €79,304 | €65,326 | ▼ 17.6% |
| Fixed assets21/28 | €7,122 | €23,259 | €21,746 | €19,110 | ▼ 12.1% |
| Intangible fixed assets21 | €97 | - | - | - | - |
| Tangible fixed assets22/27 | €7,025 | €23,259 | €21,746 | €19,110 | ▼ 12.1% |
| Furniture and vehicles24 | €3,500 | €2,570 | €1,641 | €711 | ▼ 56.7% |
| Other tangible fixed assets26 | €3,524 | €20,689 | €20,105 | €18,399 | ▼ 8.5% |
| Current assets29/58 | €103,502 | €90,429 | €57,558 | €46,216 | ▼ 19.7% |
| Amounts receivable after more than one year29 | €30,000 | €45,031 | €40,353 | €35,584 | ▼ 11.8% |
| Other amounts receivable291 | €30,000 | €45,031 | €40,353 | €35,584 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €11,056 | €790 | €421 | €626 | ▲ 48.8% |
| Trade receivables40 | €11,056 | €790 | €0 | - | - |
| Other amounts receivable41 | - | - | €421 | €626 | ▲ 48.8% |
| Cash at bank and in hand54/58 | €62,447 | €44,608 | €16,621 | €10,005 | ▼ 39.8% |
| Deferred charges and accrued income490/1 | - | - | €164 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €110,624 | €113,688 | €79,304 | €65,326 | ▼ 17.6% |
| Equity10/15 | €63,668 | €91,714 | €63,903 | €37,928 | ▼ 40.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €60,668 | €88,714 | €60,903 | €60,660 | ▼ 0.4% |
| Distributable reserves133 | €60,668 | €88,714 | €60,903 | €60,660 | ▼ 0.4% |
| Profit (loss) carried forward14 | - | - | - | -€25,732 | - |
| Amounts payable17/49 | €46,956 | €21,974 | €15,402 | €27,397 | ▲ 77.9% |
| Amounts payable within one year42/48 | €46,956 | €21,753 | €14,381 | €27,397 | ▲ 90.5% |
| Trade debts44 | €8,038 | €445 | €26 | €506 | ▲ 19× |
| Suppliers440/4 | €8,038 | €445 | €26 | €506 | ▲ 19× |
| Taxes, remuneration and social security45 | €34,659 | €8,589 | €1,638 | €0 | ▼ 100% |
| Taxes450/3 | €34,659 | €8,589 | €157 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | €1,481 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4,259 | €12,718 | €12,717 | €26,892 | ▲ 111% |
| Accrued charges and deferred income492/3 | - | €222 | €1,020 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,668 | €28,046 | -€27,811 | -€25,974 | ▲ 6.6% |
| + Depreciation and write-downs630 | €2,103 | €1,884 | €2,552 | €2,636 | ▲ 3.3% |
| Operating cash flow (approximation) | €62,771 | €29,930 | -€25,259 | -€23,338 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | -€18,022 | -€1,039 | €0 | - |
| Change in cash | - | -€17,839 | -€27,987 | -€6,616 | ▲ 76.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.