Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-12-2025 PDF all 19 filings
Equity
€1.1m▲ 23.1%
2024 · €914,711
Net result
€235,262▼ 18.9%
2024 · €290,108
Total assets
€1.2m▼ 31.6%
2024 · €1.7m
Solvency
94.2%▲ 41.8pp
2024 · 52.4%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€61,501
▼ 28.4%
2025
20192025
Net result
€235,262
▼ 18.9%
2025
highest quarter of the sector
20192025
Equity
€1.1m
▲ 23.1%
2025
highest quarter of the sector
20192025
Total assets
€1.2m
▼ 31.6%
2025
highest quarter of the sector
20192025
Debt
€69,665
▼ 91.6%
2025
20192025
Working capital
€628,450
▲ 56.6%
2025
highest quarter of the sector
20192025
Solvency
94.2%
▲ 41.8pp
2025
highest quarter of the sector
20192025
Current ratio
10.02
▲ 8.54
2025
highest quarter of the sector
20192025
Return on assets (ROA)
19.7%
▲ 3.1pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.01m-€0.04m€0.04m▲ 7.2%€0.05m▲ 23.9%€0.06m▲ 31.9%€0.09m▲ 36.2%€0.06m▼ 28.4%
Net result-€0.01m-€0.02mwithin the sector's middle half€0.03mwithin the sector's middle half▲ 16.3%€0.2mabove the sector's middle half▲ 594%€0.3mabove the sector's middle half▲ 70.3%€0.3mabove the sector's middle half▼ 12.4%€0.2mabove the sector's middle half▼ 18.9%
Equity€1.0m-€1.1mabove the sector's middle half▲ 2.3%€1.1mabove the sector's middle half▲ 2.6%€1.1mabove the sector's middle half▼ 1.0%€1.0mabove the sector's middle half▼ 6.4%€0.9mabove the sector's middle half▼ 9.3%€1.1mabove the sector's middle half▲ 23.1%
Total assets€1.1m-€1.1mabove the sector's middle half▲ 2.3%€1.1mabove the sector's middle half▲ 3.0%€1.1mabove the sector's middle half▼ 1.5%€1.5mabove the sector's middle half▲ 31.2%€1.7mabove the sector's middle half▲ 19.8%€1.2mabove the sector's middle half▼ 31.6%
Debt€0.04m-€0.04m▲ 1.2%€0.04m▲ 12.2%€0.03m▼ 15.3%€0.5m▲ 13×€0.8m▲ 84.8%€0.07m▼ 91.6%
Working capital€0.6m-€0.6mabove the sector's middle half▲ 2.9%€0.6mabove the sector's middle half▲ 5.2%€0.6mabove the sector's middle half▼ 1.1%€0.5mabove the sector's middle half▼ 23.5%€0.4mabove the sector's middle half▼ 16.3%€0.6mabove the sector's middle half▲ 56.6%
Solvency96.6%-96.7%above the sector's middle half=96.4%above the sector's middle half▼ 0.3pp96.9%above the sector's middle half▲ 0.5pp69.1%within the sector's middle half▼ 27.7pp52.4%within the sector's middle half▼ 16.8pp94.2%above the sector's middle half▲ 41.8pp
Current ratio17.14-17.42above the sector's middle half▲ 0.2816.40above the sector's middle half▼ 1.0318.97above the sector's middle half▲ 2.582.06within the sector's middle half▼ 16.911.48within the sector's middle half▼ 0.5810.02above the sector's middle half▲ 8.54
Return on assets (ROA)-1.0%-2.2%within the sector's middle half▲ 3.2pp2.5%within the sector's middle half▲ 0.3pp17.5%within the sector's middle half▲ 15.0pp22.7%within the sector's middle half▲ 5.2pp16.6%within the sector's middle half▼ 6.1pp19.7%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.
The operating result for 2025 is 28% lower than in 2024.
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 €1.2m
Fixed assets
€497,522 ▼ 3.1%
Current assets
€698,116 ▼ 43.4%
Equity and liabilities €1.2m
Equity
€1.1m ▲ 23.1%
Debt
€69,665 ▼ 91.6%
Debt's share of the balance-sheet total falls from 47.6% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
20.9%▼
2024 · 31.7%
Debt ≤ 1 year
€69,665▼
2024 · €832,444
Income taxes
€39,803▼
2024 · €45,392
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €79,401 | - | - |
| Depreciation and write-downs of the year | €3,429 | €1,088 | €15,880 | €15,880 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €23,140 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,429 | €3,429 | €3,429 | €1,088 | €15,880 | €15,880 | = |
| Other operating charges640/8 | - | - | - | €1,725 | €2,582 | €1,408 | €1,613 | ▲ 14.5% |
| Gross operating margin9900 | -€8,148 | €40,667 | €44,059 | €52,988 | €66,764 | €103,194 | €78,994 | ▼ 23.5% |
| Operating profit (loss)9901 | -€10,232 | €36,012 | €38,620 | €47,835 | €63,094 | €85,906 | €61,501 | ▼ 28.4% |
| Financial income75/76B | - | - | - | €179,200 | €313,603 | €250,042 | €213,875 | ▼ 14.5% |
| Recurring financial income75 | €279 | €201 | €146 | €179,200 | €313,603 | €250,042 | €213,875 | ▼ 14.5% |
| Financial charges65/66B | - | - | - | €693 | €669 | €447 | €312 | ▼ 30.3% |
| Recurring financial charges65 | €443 | €463 | €554 | €693 | €669 | €447 | €312 | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | -€10,395 | €35,750 | €38,213 | €226,342 | €376,029 | €335,500 | €275,064 | ▼ 18.0% |
| Income taxes67/77 | €213 | €11,665 | €10,211 | €31,908 | €44,992 | €45,392 | €39,803 | ▼ 12.3% |
| Profit (loss) for the period9904 | -€10,608 | €24,085 | €28,002 | €194,434 | €331,036 | €290,108 | €235,262 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | -€10,608 | €24,085 | €28,002 | €194,434 | €331,036 | €290,108 | €235,262 | ▼ 18.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.5m | €1.7m | €1.2m | ▼ 31.6% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 3.1% |
| Tangible fixed assets22/27 | - | €0.007m | €0.003m | - | €0.08m | €0.06m | €0.05m | ▼ 25.4% |
| Furniture and vehicles24 | - | - | - | - | €0.08m | €0.06m | €0.05m | ▼ 25.4% |
| Financial fixed assets28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Current assets29/58 | €0.6m | €0.6m | €0.7m | €0.7m | €0.9m | €1.2m | €0.7m | ▼ 43.4% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.6m | €0.2m | ▼ 64.1% |
| Trade receivables40 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | = |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.6m | €0.2m | ▼ 65.7% |
| Current investments50/53 | - | - | - | - | €0.4m | €0.4m | €0.1m | ▼ 66.9% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.1m | €0.2m | €0.3m | ▲ 74.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.004m | €0.003m | ▼ 24.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.5m | €1.7m | €1.2m | ▼ 31.6% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €1.1m | €1.0m | €0.9m | €1.1m | ▲ 23.1% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €1.0m | €1.1m | €1.1m | €1.1m | €1.0m | €0.9m | €1.1m | ▲ 23.3% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €0.9m | €1.1m | ▲ 24.0% |
| Profit (loss) carried forward14 | -€0.01m | -€0.01m | -€0.01m | -€0.009m | -€0.008m | -€0.003m | -€0.003m | = |
| Amounts payable17/49 | €0.04m | €0.04m | €0.04m | €0.03m | €0.5m | €0.8m | €0.07m | ▼ 91.6% |
| Amounts payable within one year42/48 | €0.04m | €0.04m | €0.04m | €0.03m | €0.5m | €0.8m | €0.07m | ▼ 91.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.007m | - | - | - |
| Trade debts44 | €217 | €0.001m | €0.002m | €0.003m | €285 | €0.003m | €0.003m | ▲ 9.2% |
| Suppliers440/4 | - | - | - | €0.003m | €285 | €0.003m | €0.003m | ▲ 9.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.05m | €0.07m | €0.03m | ▼ 56.9% |
| Taxes450/3 | - | - | - | €0.009m | €0.05m | €0.07m | €0.03m | ▼ 56.9% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.4m | €0.8m | €0.03m | ▼ 95.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,608 | €24,085 | €28,002 | €194,434 | €331,036 | €290,108 | €235,262 | ▼ 18.9% |
| + Depreciation and write-downs630 | - | €3,429 | €3,429 | €3,429 | €1,088 | €15,880 | €15,880 | = |
| Operating cash flow (approximation) | -€10,608 | €27,513 | €31,431 | €197,863 | €332,124 | €305,988 | €251,142 | ▼ 17.9% |
| Investment in fixed assets (approximation) | - | -€10,287 | €0 | €0 | -€79,401 | €0 | €0 | - |
| Change in cash | - | €28,505 | €36,171 | €4,546 | -€134,497 | €52,359 | €142,582 | ▲ 172% |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 22-12-2025 | 2025-00587567 | |
| 30-06-2024 | micro format | 20-12-2024 | 2024-00621982 | |
| 30-06-2023 | micro format | 21-12-2023 | 2024-00541072 | |
| 30-06-2022 | micro format | 20-12-2022 | 2022-20541157 | |
| 30-06-2021 | micro format | 20-12-2021 | 2021-80800158 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76400288 | |
| 30-06-2019 | micro format | 19-12-2019 | 2019-76600190 | |
| 30-06-2018 | micro format | 21-12-2018 | 2018-75500252 | |
| 30-06-2017 | micro format | 22-12-2017 | 2017-73000487 | |
| 30-06-2016 | abbreviated format | 23-12-2016 | 2016-71500500 |