Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 PDF all 14 filings
Equity
€301,083▼ 0.9%
2024 · €303,763
Net result
-€2,680▲ 87.3%
2024 · -€21,148
Total assets
€396,559▲ 1.0%
2024 · €392,715
Solvency
75.9%▼ 1.4pp
2024 · 77.3%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is a loss of €13,338, smaller than the loss of €26,930 in 2024.
Operating result-€13,338
2025
Net result-€2,680
2025
Total assets€396,559
2025
Equity€301,083
2025
Debt€95,476
2025
Working capital€384,783
2025
Return on assets (ROA)-0.7%
2025
Solvency75.9%
2025
Current ratio33.67
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
Line2018202020212022202320242025
Operating result-€11,890-€573,246-€1,962▼ 99.7%€17,836▲ 809%-€22,918-€26,930▼ 17.5%-€13,338▲ 50.5%
Net result-€12,807-€394,237above the sector's middle half-€395below the sector's middle half▼ 99.9%€10,494within the sector's middle half▲ 27×-€23,182below the sector's middle half-€21,148below the sector's middle half▲ 8.8%-€2,680below the sector's middle half▲ 87.3%
Equity-€12,033-€337,204within the sector's middle half-€337,599within the sector's middle half▲ 0.1%€348,093within the sector's middle half▲ 3.1%€324,911within the sector's middle half▼ 6.7%€303,763within the sector's middle half▼ 6.5%€301,083within the sector's middle half▼ 0.9%
Total assets€14,849-€575,488within the sector's middle half-€437,853below the sector's middle half▼ 23.9%€434,801within the sector's middle half▼ 0.7%€412,061within the sector's middle half▼ 5.2%€392,715within the sector's middle half▼ 4.7%€396,559within the sector's middle half▲ 1.0%
Debt€26,881-€238,283-€100,254▼ 57.9%€86,708▼ 13.5%€87,150▲ 0.5%€88,952▲ 2.1%€95,476▲ 7.3%
Working capital-€12,033-€424,029above the sector's middle half-€424,424above the sector's middle half▲ 0.1%€429,093above the sector's middle half▲ 1.1%€405,911above the sector's middle half▼ 5.4%€386,113above the sector's middle half▼ 4.9%€384,783above the sector's middle half▼ 0.3%
Solvency-81.0%-58.6%within the sector's middle half-77.1%above the sector's middle half▲ 18.5pp80.1%above the sector's middle half▲ 3.0pp78.9%above the sector's middle half▼ 1.2pp77.3%within the sector's middle half▼ 1.5pp75.9%within the sector's middle half▼ 1.4pp
Current ratio0.55-3.80above the sector's middle half-32.60above the sector's middle half▲ 28.8176.18above the sector's middle half▲ 43.5767.00above the sector's middle half▼ 9.1859.49above the sector's middle half▼ 7.5133.67above the sector's middle half▼ 25.81
Return on assets (ROA)-86.2%-68.5%above the sector's middle half-0.1%below the sector's middle half▼ 68.4pp2.4%within the sector's middle half▲ 2.3pp-5.6%below the sector's middle half▼ 8.0pp-5.4%below the sector's middle half▲ 0.2pp-0.7%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.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Large changes and their cause
- 2021 Net result -100% on 2020. The previous financial year ran 21 months, this one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €396,559
Equity
€301,083 ▼ 0.9%
Debt
€95,476 ▲ 7.3%
Debt's share of the balance-sheet total rises from 22.7% to 24.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-0.9%▲
2024 · -7.0%
Debt ≤ 1 year
€11,776▲
2024 · €6,602
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €178 | €457 | €502 | €507 | ▲ 1.0% |
| Gross operating margin9900 | -€1,080 | €675,708 | €1,962 | €18,014 | -€22,462 | -€26,428 | -€12,831 | ▲ 51.4% |
| Operating profit (loss)9901 | -€11,890 | €573,246 | €1,962 | €17,836 | -€22,918 | -€26,930 | -€13,338 | ▲ 50.5% |
| Financial income75/76B | - | - | - | - | €1 | €5,921 | €10,851 | ▲ 83.3% |
| Recurring financial income75 | €3 | €0 | €1,556 | - | €1 | €5,921 | €10,851 | ▲ 83.3% |
| Financial charges65/66B | - | - | - | €1,933 | €264 | €138 | €193 | ▲ 39.0% |
| Recurring financial charges65 | €919 | €510 | €3,163 | €1,933 | €264 | €138 | €193 | ▲ 39.0% |
| Profit (loss) for the period before taxes9903 | -€12,807 | €572,737 | €356 | €15,903 | -€23,182 | -€21,148 | -€2,680 | ▲ 87.3% |
| Income taxes67/77 | €0 | €178,500 | -€40 | €5,409 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€12,807 | €394,237 | €395 | €10,494 | -€23,182 | -€21,148 | -€2,680 | ▲ 87.3% |
| Profit (loss) for the period to be appropriated9905 | -€12,807 | €394,237 | €395 | €10,494 | -€23,182 | -€21,148 | -€2,680 | ▲ 87.3% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,849 | €575,488 | €437,853 | €434,801 | €412,061 | €392,715 | €396,559 | ▲ 1.0% |
| Current assets29/58 | €14,849 | €575,488 | €437,853 | €434,801 | €412,061 | €392,715 | €396,559 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €14,578 | €63,388 | €71,871 | €98,668 | €164,041 | €182,622 | €356,962 | ▲ 95.5% |
| Trade receivables40 | - | - | - | - | - | €1,150 | €1,150 | = |
| Other amounts receivable41 | - | - | - | €98,668 | €164,041 | €181,473 | €355,813 | ▲ 96.1% |
| Cash at bank and in hand54/58 | €271 | €512,100 | €365,753 | €335,902 | €248,020 | €210,093 | €39,597 | ▼ 81.2% |
| Deferred charges and accrued income490/1 | - | - | - | €230 | €0 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,849 | €575,488 | €437,853 | €434,801 | €412,061 | €392,715 | €396,559 | ▲ 1.0% |
| Equity10/15 | -€12,033 | €337,204 | €337,599 | €348,093 | €324,911 | €303,763 | €301,083 | ▼ 0.9% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,202 | €296,202 | €296,202 | €306,696 | €306,696 | €306,696 | €306,696 | = |
| Non-distributable reserves130/1 | - | - | - | €1,202 | €1,202 | €1,202 | €1,202 | = |
| Reserves not available under the articles1311 | - | - | - | €1,202 | - | - | - | - |
| Other1319 | - | - | - | - | €1,202 | €1,202 | €1,202 | = |
| Distributable reserves133 | - | - | - | €305,494 | €305,494 | €305,494 | €305,494 | = |
| Profit (loss) carried forward14 | -€19,435 | €34,802 | €35,197 | €35,197 | €12,015 | -€9,132 | -€11,813 | ▼ 29.3% |
| Amounts payable17/49 | €26,881 | €238,283 | €100,254 | €86,708 | €87,150 | €88,952 | €95,476 | ▲ 7.3% |
| Amounts payable within one year42/48 | €26,881 | €151,458 | €13,429 | €5,708 | €6,150 | €6,602 | €11,776 | ▲ 78.4% |
| Trade debts44 | €7,589 | €8,593 | €1,449 | €414 | €6,149 | €6,600 | €11,776 | ▲ 78.4% |
| Suppliers440/4 | - | - | - | €414 | €6,149 | €6,600 | €11,776 | ▲ 78.4% |
| Taxes, remuneration and social security45 | - | - | - | €5,293 | €1 | €1 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €5,293 | €1 | €1 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €81,000 | €81,000 | €82,350 | €83,700 | ▲ 1.6% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,807 | €394,237 | €395 | €10,494 | -€23,182 | -€21,148 | -€2,680 | ▲ 87.3% |
| Operating cash flow (approximation) | -€12,807 | €394,237 | €395 | €10,494 | -€23,182 | -€21,148 | -€2,680 | ▲ 87.3% |
| Change in cash | - | - | -€146,347 | -€29,851 | -€87,882 | -€37,928 | -€170,495 | ▼ 350% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088792 | |
| 30-09-2024 | micro format | 19-03-2025 | 2025-00053178 | |
| 30-09-2023 | micro format | 22-04-2024 | 2024-00067416 | |
| 30-09-2022 | micro format | 27-03-2023 | 2023-00045890 | |
| 30-09-2021 | abbreviated format | 16-03-2022 | 2022-07800321 | |
| 30-09-2020 | abbreviated format | 04-05-2021 | 2021-13400258 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300111 | |
| 31-12-2017 | micro format | 18-05-2018 | 2018-13000438 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-19900259 | |
| 31-12-2015 | abbreviated format | 27-06-2016 | 2016-21800261 |