Financials · financial year 2025, abbreviated format
2025 annual accounts filed 19 days after the deadline Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410704.
Annual accounts 2025 filed on 19-08-2026 at the NBB all 34 filings
Equity
€47,623▼ 40.0%
2024 · €79,422
Net result
€5,654
2024 · -€2,611
Total assets
€257,396▼ 6.1%
2024 · €274,085
Solvency
18.5%▼ 10.5pp
2024 · 29.0%
In the rankings
#3 oldest company in Lommel, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€14,530
2025
20182025
Net result
€5,654
2025
middle half of the sector
20182025
Equity
€47,623
▼ 40.0%
2025
lowest quarter of the sector
20182025
Total assets
€257,396
▼ 6.1%
2025
lowest quarter of the sector
20182025
Debt
€209,773
▲ 7.8%
2025
20182025
Working capital
-€846
2025
middle half of the sector
20182025
Solvency
18.5%
▼ 10.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.96
▼ 2.84
2025
middle half of the sector
20182025
Return on assets (ROA)
2.2%
▲ 3.1pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€47,355-€44,633▼ 5.7%€38,665▼ 13.4%€36,191▼ 6.4%€16,717▼ 53.8%-€4,739-€2,099▲ 55.7%€14,530
Net result€32,273-€31,260▼ 3.1%€29,590within the sector's middle half▼ 5.3%€22,475within the sector's middle half▼ 24.0%€6,870within the sector's middle half▼ 69.4%-€490below the sector's middle half-€2,611below the sector's middle half▼ 433%€5,654within the sector's middle half
Equity€285,648-€316,108▲ 10.7%€345,697within the sector's middle half▲ 9.4%€368,156within the sector's middle half▲ 6.5%€82,523below the sector's middle half▼ 77.6%€82,033below the sector's middle half▼ 0.6%€79,422below the sector's middle half▼ 3.2%€47,623below the sector's middle half▼ 40.0%
Total assets€438,811-€379,351▼ 13.6%€398,837within the sector's middle half▲ 5.1%€382,132within the sector's middle half▼ 4.2%€354,745below the sector's middle half▼ 7.2%€187,422below the sector's middle half▼ 47.2%€274,085below the sector's middle half▲ 46.2%€257,396below the sector's middle half▼ 6.1%
Debt€153,163-€63,243▼ 58.7%€53,140▼ 16.0%€13,976▼ 73.7%€272,222▲ 19×€105,389▼ 61.3%€194,663▲ 84.7%€209,773▲ 7.8%
Working capital€391,029-€333,719▼ 14.7%€363,463above the sector's middle half▲ 8.9%€322,224above the sector's middle half▼ 11.3%€287,069within the sector's middle half▼ 10.9%€24,462within the sector's middle half-€846within the sector's middle half
Solvency65.1%-83.3%▲ 18.2pp86.7%above the sector's middle half▲ 3.3pp96.3%above the sector's middle half▲ 9.7pp23.3%below the sector's middle half▼ 73.1pp43.8%within the sector's middle half▲ 20.5pp29.0%within the sector's middle half▼ 14.8pp18.5%below the sector's middle half▼ 10.5pp
Current ratio16.66-23.18▲ 6.5275.57above the sector's middle half48.18above the sector's middle half▼ 27.393.80above the sector's middle half0.96within the sector's middle half▼ 2.84
Return on assets (ROA)7.4%-8.2%▲ 0.9pp7.4%within the sector's middle half▼ 0.8pp5.9%within the sector's middle half▼ 1.5pp1.9%within the sector's middle half▼ 3.9pp-0.3%below the sector's middle half▼ 2.2pp-1.0%below the sector's middle half▼ 0.7pp2.2%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.
The operating result for 2025 is a profit of €14,530, after a loss of €2,099 in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €257,396
Fixed assets
€235,023 ▼ 2.4%
Current assets
€22,373 ▼ 32.6%
Equity and liabilities €257,396
Equity
€47,623 ▼ 40.0%
Debt
€209,773 ▲ 7.8%
Debt's share of the balance-sheet total rises from 71.0% to 81.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
11.9%▲
2024 · -3.3%
Debt ≤ 1 year
€23,220▲
2024 · €8,733
Debt > 1 year
€186,553▲
2024 · €185,930
Income taxes
€565▲
2024 · -€1,778
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 | - | - | €34,251 | €194,663 | €197,526 |
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 | €26,640 | €11,740 | €34,251 | €163,936 | €17,908 |
| Depreciation and write-downs of the year | €4,013 | €5,736 | €5,595 | €13,293 | €23,775 |
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 | €394 | €1,558 | €1,800 | €4,013 | €5,736 | €5,595 | €13,293 | €23,775 | ▲ 78.9% |
| Other operating charges640/8 | - | - | - | €2,346 | €1,455 | €3,715 | €2,456 | €2,499 | ▲ 1.8% |
| Gross operating margin9900 | €49,522 | €47,840 | €41,853 | €42,550 | €23,908 | €4,571 | €13,649 | €40,805 | ▲ 199% |
| Operating profit (loss)9901 | €47,355 | €44,633 | €38,665 | €36,191 | €16,717 | -€4,739 | -€2,099 | €14,530 | - |
| Financial income75/76B | - | - | - | - | €1 | - | €1,944 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1 | €1 | €1 | - | €1 | - | €1,944 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €74 | €29 | €340 | €4,233 | €8,311 | ▲ 96.3% |
| Recurring financial charges65 | €39 | €39 | €1,936 | €74 | €29 | €340 | €4,233 | €8,311 | ▲ 96.3% |
| Profit (loss) for the period before taxes9903 | €47,317 | €44,595 | €36,729 | €36,117 | €16,689 | -€5,079 | -€4,388 | €6,219 | - |
| Income taxes67/77 | €15,044 | €13,335 | €7,140 | €13,642 | €9,819 | -€4,589 | -€1,778 | €565 | - |
| Profit (loss) for the period9904 | €32,273 | €31,260 | €29,590 | €22,475 | €6,870 | -€490 | -€2,611 | €5,654 | - |
| Profit (loss) for the period to be appropriated9905 | €32,273 | €31,260 | €29,590 | €22,475 | €6,870 | -€490 | -€2,611 | €5,654 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €438,811 | €379,351 | €398,837 | €382,132 | €354,745 | €187,422 | €274,085 | €257,396 | ▼ 6.1% |
| Fixed assets21/28 | €22,819 | €30,589 | €32,279 | €55,588 | €61,591 | €90,247 | €240,890 | €235,023 | ▼ 2.4% |
| Tangible fixed assets22/27 | €22,819 | €30,589 | €32,279 | €55,588 | €61,591 | €90,247 | €240,890 | €235,023 | ▼ 2.4% |
| Land and buildings22 | - | - | - | €53,066 | €60,477 | €90,247 | €237,124 | €229,297 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €2,685 | €2,026 | ▼ 24.5% |
| Furniture and vehicles24 | - | - | - | €2,522 | €1,115 | - | €1,081 | €3,700 | ▲ 242% |
| Current assets29/58 | €415,992 | €348,762 | €366,558 | €326,545 | €293,154 | €97,175 | €33,195 | €22,373 | ▼ 32.6% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €38,026 | - | - | - |
| Other amounts receivable291 | - | - | - | - | - | €38,026 | - | - | - |
| Amounts receivable within one year40/41 | €100,163 | €77,250 | €57,166 | €110,026 | €93,411 | €56,013 | €27,812 | €2,983 | ▼ 89.3% |
| Trade receivables40 | - | - | - | - | - | - | €2,641 | - | - |
| Other amounts receivable41 | - | - | - | €110,026 | €93,411 | €56,013 | €25,171 | €2,983 | ▼ 88.1% |
| Cash at bank and in hand54/58 | €315,829 | €271,512 | €309,392 | €216,331 | €199,549 | €3,136 | €5,383 | €18,513 | ▲ 244% |
| Deferred charges and accrued income490/1 | - | - | - | €188 | €194 | - | - | €877 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €438,811 | €379,351 | €398,837 | €382,132 | €354,745 | €187,422 | €274,085 | €257,396 | ▼ 6.1% |
| Equity10/15 | €285,648 | €316,108 | €345,697 | €368,156 | €82,523 | €82,033 | €79,422 | €47,623 | ▼ 40.0% |
| Contributions10/11 | €32,000 | €32,000 | - | €32,000 | €32,000 | €32,000 | €32,000 | €32,000 | = |
| Reserves13 | €314,435 | €313,523 | €313,697 | €336,156 | €50,523 | €50,033 | €47,422 | €15,623 | ▼ 67.1% |
| Non-distributable reserves130/1 | - | - | - | €21,020 | €21,020 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €21,020 | €21,020 | - | - | - | - |
| Distributable reserves133 | - | - | - | €315,136 | €29,503 | €50,033 | €47,422 | €15,623 | ▼ 67.1% |
| Profit (loss) carried forward14 | -€60,787 | -€29,416 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €153,163 | €63,243 | €53,140 | €13,976 | €272,222 | €105,389 | €194,663 | €209,773 | ▲ 7.8% |
| Amounts payable after more than one year17 | €128,200 | €48,200 | €48,200 | €9,655 | €266,138 | €105,389 | €185,930 | €186,553 | ▲ 0.3% |
| Financial debts170/4 | - | - | - | €9,655 | €266,138 | €105,389 | €185,930 | €186,553 | ▲ 0.3% |
| Amounts payable within one year42/48 | €24,963 | €15,043 | €3,095 | €4,321 | €6,085 | - | €8,733 | €23,220 | ▲ 166% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €8,733 | €10,973 | ▲ 25.6% |
| Trade debts44 | €9,919 | - | €363 | €826 | €1,495 | - | - | €2,627 | - |
| Suppliers440/4 | - | - | - | €826 | €1,495 | - | - | €2,627 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,495 | €4,589 | - | - | €565 | - |
| Taxes450/3 | - | - | - | €3,495 | €4,589 | - | - | €565 | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €9,054 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,273 | €31,260 | €29,590 | €22,475 | €6,870 | -€490 | -€2,611 | €5,654 | - |
| + Depreciation and write-downs630 | €394 | €1,558 | €1,800 | €4,013 | €5,736 | €5,595 | €13,293 | €23,775 | ▲ 78.9% |
| Operating cash flow (approximation) | €32,667 | €32,817 | €31,389 | €26,488 | €12,607 | €5,105 | €10,682 | €29,429 | ▲ 176% |
| Investment in fixed assets (approximation) | - | -€9,328 | -€3,490 | -€27,322 | -€11,740 | -€34,251 | -€163,936 | -€17,908 | ▲ 89.1% |
| Change in cash | - | -€44,317 | €37,880 | -€93,060 | -€16,782 | -€196,414 | €2,247 | €13,130 | ▲ 484% |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-08-2026 | 2026-00410704 | |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00203486 | |
| 31-12-2023 | abbreviated format | 20-08-2024 | 2024-00357012 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00392841 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20199227 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35700124 | |
| 31-12-2019 | abbreviated format | 10-07-2020 | 2020-28600259 | |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-23900187 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35600159 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-50600268 |