Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 10-06-2026 PDF all 3 filings
Equity
€212,879▲ 14×
2025 · €14,872
Net result
€198,007
2025 · -€96
Total assets
€1.2m▲ 2.9%
2025 · €1.2m
Solvency
17.9%▲ 16.6pp
2025 · 1.3%
Multi-year overview
2024 to 2026, 3 financial yearsOperating result
€58,465
▲ 39.9%
2026
20242026
Net result
€198,007
2026
20242026
Equity
€212,879
▲ 14×
2026
20242026
Total assets
€1.2m
▲ 2.9%
2026
20242026
Debt
€974,982
▼ 14.4%
2026
20242026
Working capital
-€86,440
▲ 48.5%
2026
20242026
Solvency
17.9%
▲ 16.6pp
2026
20242026
Current ratio
0.45
▲ 0.24
2026
20242026
Return on assets (ROA)
16.7%
▲ 16.7pp
2026
20242026
Staff (FTE)
0
2026
20242026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202420252026
Operating result€0.03m-€0.04m▲ 60.0%€0.06m▲ 39.9%
Net result€0.01mwithin the sector's middle half--€96below the sector's middle half€0.2m
Equity€0.01mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 0.6%€0.2m▲ 14×
Total assets€0.03mbelow the sector's middle half-€1.2mwithin the sector's middle half▲ 34×€1.2m▲ 2.9%
Debt€0.02m-€1.1m▲ 60×€1.0m▼ 14.4%
Working capital€0.004mwithin the sector's middle half--€0.2mwithin the sector's middle half-€0.09m▲ 48.5%
Solvency43.9%within the sector's middle half-1.3%below the sector's middle half▼ 42.6pp17.9%▲ 16.6pp
Current ratio1.18within the sector's middle half-0.21below the sector's middle half▼ 0.970.45▲ 0.24
Return on assets (ROA)32.2%above the sector's middle half-0.0%below the sector's middle half▼ 32.2pp16.7%▲ 16.7pp
Staff (FTE)0within the sector's middle half0
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 2026 is 40% higher than in 2025 and the highest since 2024. It is the second rise in a row.
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
2026 in colour, 2025 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▲ 0.8%
Current assets
€70,382 ▲ 55.0%
Equity and liabilities €1.2m
Equity
€212,879 ▲ 14×
Debt
€974,982 ▼ 14.4%
Debt's share of the balance-sheet total falls from 98.7% to 82.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
93.0%▲
2025 · -0.6%
Debt ≤ 1 year
€156,821▼
2025 · €213,225
Debt > 1 year
€813,161▼
2025 · €921,282
Income taxes
€6,147▲
2025 · €4,805
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Debts secured on the company's own assets | - | - | €621,282 |
| Pledge on other assets, amount secured | - | - | €800,000 |
| Carrying value of the other pledged assets | - | - | €1.1m |
Source: notes to the 2024 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Tangible fixed assets | €12,429 | - | €12,454 |
| Financial fixed assets | €225 | €1.1m | €0 |
| Depreciation and write-downs of the year | €1,186 | €2,486 | €3,956 |
Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,186 | €2,486 | €3,956 | ▲ 59.1% |
| Other operating charges640/8 | €1,293 | €958 | €643 | ▼ 32.9% |
| Gross operating margin9900 | €28,588 | €45,224 | €63,063 | ▲ 39.4% |
| Operating profit (loss)9901 | €26,109 | €41,780 | €58,465 | ▲ 39.9% |
| Financial income75/76B | €23 | €63 | €186,146 | ▲ 2,970× |
| Recurring financial income75 | €23 | €63 | €186,146 | ▲ 2,970× |
| Financial charges65/66B | €8,877 | €37,133 | €40,457 | ▲ 8.9% |
| Recurring financial charges65 | €8,877 | €37,133 | €40,457 | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €17,255 | €4,709 | €204,154 | ▲ 43× |
| Income taxes67/77 | €6,287 | €4,805 | €6,147 | ▲ 27.9% |
| Profit (loss) for the period9904 | €10,968 | -€96 | €198,007 | - |
| Profit (loss) for the period to be appropriated9905 | €10,968 | -€96 | €198,007 | - |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.03m | €1.2m | €1.2m | ▲ 2.9% |
| Fixed assets21/28 | €0.01m | €1.1m | €1.1m | ▲ 0.8% |
| Tangible fixed assets22/27 | €0.01m | €0.009m | €0.02m | ▲ 97.0% |
| Plant, machinery and equipment23 | €0.001m | €0.001m | €0.008m | ▲ 12× |
| Furniture and vehicles24 | €0.01m | €0.008m | €0.009m | ▲ 11.2% |
| Financial fixed assets28 | €225 | €1.1m | €1.1m | = |
| Current assets29/58 | €0.02m | €0.05m | €0.07m | ▲ 55.0% |
| Amounts receivable within one year40/41 | €0.02m | €0.005m | €0.004m | ▼ 18.6% |
| Trade receivables40 | €0.02m | €0 | - | - |
| Other amounts receivable41 | - | €0.005m | €0.004m | ▼ 18.6% |
| Cash at bank and in hand54/58 | €0.004m | €0.04m | €0.07m | ▲ 64.8% |
| Deferred charges and accrued income490/1 | €206 | €273 | €379 | ▲ 38.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.03m | €1.2m | €1.2m | ▲ 2.9% |
| Equity10/15 | €0.01m | €0.01m | €0.2m | ▲ 14× |
| Contributions10/11 | €0.004m | €0.004m | €0.004m | = |
| Reserves13 | €0.01m | €0.01m | €0.2m | ▲ 19× |
| Distributable reserves133 | €0.01m | €0.01m | €0.2m | ▲ 19× |
| Profit (loss) carried forward14 | - | -€96 | €0 | - |
| Amounts payable17/49 | €0.02m | €1.1m | €1.0m | ▼ 14.4% |
| Amounts payable after more than one year17 | - | €0.9m | €0.8m | ▼ 11.7% |
| Financial debts170/4 | - | €0.9m | €0.8m | ▼ 11.7% |
| Amounts payable within one year42/48 | €0.02m | €0.2m | €0.2m | ▼ 26.5% |
| Current portion of amounts payable after more than one year42 | - | €0.1m | €0.1m | ▲ 4.2% |
| Trade debts44 | €0.007m | €0.003m | €0.003m | ▲ 2.0% |
| Suppliers440/4 | €0.007m | €0.003m | €0.003m | ▲ 2.0% |
| Taxes, remuneration and social security45 | €0.004m | €0.003m | €0.003m | ▲ 10.9% |
| Taxes450/3 | €0.004m | €0.003m | €0.003m | ▲ 10.9% |
| Other amounts payable47/48 | €0.008m | €0.1m | €0.04m | ▼ 59.3% |
| Accrued charges and deferred income492/3 | - | €0.005m | €0.005m | = |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | -€96 | €0.2m | - |
| + Depreciation and write-downs630 | €0.001m | €0.002m | €0.004m | ▲ 59.1% |
| Operating cash flow (approximation) | €0.01m | €0.002m | €0.2m | ▲ 85× |
| Investment in fixed assets (approximation) | - | -€1.1m | -€0.01m | ▲ 98.9% |
| Change in cash | - | €0.04m | €0.03m | ▼ 27.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.