Summary
SHARPSTACK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9,253 and a net result of €7,195. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 26% of 3,034 sector peers (NACE 66, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2025 annual accounts filed late (38 days) Filed on 7 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00509692.
Equity
€9,253▲ 350%
2024 · €2,058
Net result
€7,195
2024 · -€72,204
Total assets
€45,992▲ 133%
2024 · €19,725
Solvency
20.1%▲ 9.7pp
2024 · 10.4%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €9,808 after a loss of €78,228 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€9,808
2025
Net result€7,195
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€45,992
2025
Equity€9,253
2025
Debt€36,739
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3,031
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)15.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency20.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.08
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€2,731-€6,060€19,553▲ 223%€14,052▼ 28.1%€15,928▲ 13.4%€14,280▼ 10.3%-€78,228€9,808
Net result€76-€4,558▲ 60×€16,097within the sector's middle half▲ 253%€12,124within the sector's middle half▼ 24.7%€11,640within the sector's middle half▼ 4.0%€10,827within the sector's middle half▼ 7.0%-€72,204below the sector's middle half€7,195within the sector's middle half
Equity€50,517-€55,075▲ 9.0%€71,172within the sector's middle half▲ 29.2%€83,296within the sector's middle half▲ 17.0%€94,936within the sector's middle half▲ 14.0%€74,263within the sector's middle half▼ 21.8%€2,058below the sector's middle half▼ 97.2%€9,253below the sector's middle half▲ 350%
Total assets€79,115-€81,654▲ 3.2%€100,726below the sector's middle half▲ 23.4%€108,582below the sector's middle half▲ 7.8%€119,548below the sector's middle half▲ 10.1%€96,121below the sector's middle half▼ 19.6%€19,725below the sector's middle half▼ 79.5%€45,992below the sector's middle half▲ 133%
Debt€26,348-€24,329▼ 7.7%€27,304▲ 12.2%€23,036▼ 15.6%€24,612▲ 6.8%€21,858▼ 11.2%€17,667▼ 19.2%€36,739▲ 108%
Working capital€51,350-€53,082▲ 3.4%€62,090within the sector's middle half▲ 17.0%€75,312within the sector's middle half▲ 21.3%€80,645within the sector's middle half▲ 7.1%€59,826within the sector's middle half▼ 25.8%-€7,792below the sector's middle half€3,031within the sector's middle half
Solvency63.9%-67.4%▲ 3.6pp70.7%within the sector's middle half▲ 3.2pp76.7%above the sector's middle half▲ 6.1pp79.4%above the sector's middle half▲ 2.7pp77.3%above the sector's middle half▼ 2.2pp10.4%below the sector's middle half▼ 66.8pp20.1%within the sector's middle half▲ 9.7pp
Current ratio2.95-3.18▲ 0.233.27within the sector's middle half▲ 0.094.27above the sector's middle half▲ 1.004.91above the sector's middle half▲ 0.643.87within the sector's middle half▼ 1.040.56below the sector's middle half▼ 3.311.08within the sector's middle half▲ 0.52
Return on assets (ROA)0.1%-5.6%▲ 5.5pp16.0%within the sector's middle half▲ 10.4pp11.2%within the sector's middle half▼ 4.8pp9.7%within the sector's middle half▼ 1.4pp11.3%within the sector's middle half▲ 1.5pp-366.1%below the sector's middle half▼ 377.3pp15.6%within the sector's middle half▲ 381.7pp
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,992
Fixed assets
€6,222 ▼ 36.8%
Current assets
€39,770 ▲ 303%
Equity and liabilities €45,992
Equity
€9,253 ▲ 350%
Debt
€36,739 ▲ 108%
Debt's share of the balance-sheet total falls from 89.6% to 79.9%. Equity and debt are higher.
Key figures and ratios
ROE
77.8%
Debt ≤ 1 year
€36,739▲
2024 · €17,667
Income taxes
€863▲
2024 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | €2,249 | €1,693 | €1,931 | €2,932 | €4,963 | €5,444 | €5,917 | €5,051 | ▼ 14.6% |
| Other operating charges640/8 | - | - | - | €1,609 | €7,793 | €384 | €930 | €1,611 | ▲ 73.2% |
| Gross operating margin9900 | -€123 | €13,892 | €22,816 | €18,592 | €28,684 | €20,109 | -€71,382 | €16,469 | - |
| Operating profit (loss)9901 | -€2,731 | €6,060 | €19,553 | €14,052 | €15,928 | €14,280 | -€78,228 | €9,808 | - |
| Financial income75/76B | - | - | - | €5,245 | €5,635 | €1,532 | €6,772 | €21 | ▼ 99.7% |
| Recurring financial income75 | €2,928 | €4,026 | €5,718 | €5,245 | €5,635 | €1,532 | €6,772 | €21 | ▼ 99.7% |
| Financial charges65/66B | - | - | - | €206 | €1,565 | €533 | €587 | €1,771 | ▲ 202% |
| Recurring financial charges65 | €71 | €381 | €660 | €206 | €1,565 | €533 | €587 | €1,771 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | €126 | €9,704 | €24,611 | €19,091 | €19,998 | €15,279 | -€72,044 | €8,058 | - |
| Income taxes67/77 | €50 | €5,146 | €8,514 | €6,968 | €8,359 | €4,452 | €160 | €863 | ▲ 438% |
| Profit (loss) for the period9904 | €76 | €4,558 | €16,097 | €12,124 | €11,640 | €10,827 | -€72,204 | €7,195 | - |
| Profit (loss) for the period to be appropriated9905 | €76 | €4,558 | €16,097 | €12,124 | €11,640 | €10,827 | -€72,204 | €7,195 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €79,115 | €81,654 | €100,726 | €108,582 | €119,548 | €96,121 | €19,725 | €45,992 | ▲ 133% |
| Fixed assets21/28 | €1,417 | €4,243 | €11,333 | €10,234 | €18,291 | €15,437 | €9,850 | €6,222 | ▼ 36.8% |
| Tangible fixed assets22/27 | €1,392 | €4,218 | €11,308 | €10,209 | €18,266 | €15,412 | €9,495 | €5,667 | ▼ 40.3% |
| Furniture and vehicles24 | - | - | - | €10,209 | €18,266 | €15,412 | €9,495 | €5,667 | ▼ 40.3% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €355 | €555 | ▲ 56.3% |
| Current assets29/58 | €77,698 | €77,411 | €89,393 | €98,348 | €101,256 | €80,684 | €9,875 | €39,770 | ▲ 303% |
| Amounts receivable after more than one year29 | - | - | - | - | €50,000 | €20,075 | - | - | - |
| Other amounts receivable291 | - | - | - | - | €50,000 | €20,075 | - | - | - |
| Amounts receivable within one year40/41 | €40,015 | €57,847 | €70,636 | €84,853 | €13,295 | €568 | €7,050 | €4,936 | ▼ 30.0% |
| Trade receivables40 | - | - | - | €14,520 | €11,374 | - | €441 | - | - |
| Other amounts receivable41 | - | - | - | €70,333 | €1,921 | €568 | €6,609 | €4,936 | ▼ 25.3% |
| Current investments50/53 | - | €3,000 | €9,500 | €7,750 | €13,415 | €19,268 | - | €4,374 | - |
| Cash at bank and in hand54/58 | €37,682 | €15,401 | €8,036 | €4,682 | €22,947 | €39,363 | €875 | €28,397 | ▲ 32× |
| Deferred charges and accrued income490/1 | - | - | - | €1,063 | €1,599 | €1,410 | €1,950 | €2,063 | ▲ 5.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €79,115 | €81,654 | €100,726 | €108,582 | €119,548 | €96,121 | €19,725 | €45,992 | ▲ 133% |
| Equity10/15 | €50,517 | €55,075 | €71,172 | €83,296 | €94,936 | €74,263 | €2,058 | €9,253 | ▲ 350% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €33,360 | €33,360 | €48,360 | €58,360 | €69,360 | €48,660 | €48,660 | €55,660 | ▲ 14.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €56,500 | €67,500 | €48,660 | €48,660 | €55,660 | ▲ 14.4% |
| Profit (loss) carried forward14 | €4,757 | €9,315 | €10,412 | €12,536 | €13,176 | €13,203 | -€59,002 | -€58,807 | ▲ 0.3% |
| Provisions and deferred taxes16 | €2,250 | €2,250 | €2,250 | €2,250 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €2,250 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €2,250 | - | - | - | - | - |
| Amounts payable17/49 | €26,348 | €24,329 | €27,304 | €23,036 | €24,612 | €21,858 | €17,667 | €36,739 | ▲ 108% |
| Amounts payable after more than one year17 | - | - | - | - | €4,000 | €1,000 | - | - | - |
| Financial debts170/4 | - | - | - | - | €4,000 | €1,000 | - | - | - |
| Amounts payable within one year42/48 | €26,348 | €24,329 | €27,304 | €23,036 | €20,612 | €20,858 | €17,667 | €36,739 | ▲ 108% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,000 | €3,000 | €1,000 | - | - |
| Financial debts43 | - | - | - | €2,884 | €2,802 | €2,852 | €2,886 | - | - |
| Credit institutions430/8 | - | - | - | €2,884 | €2,802 | €2,852 | €2,886 | - | - |
| Trade debts44 | €4,125 | €5,298 | €7,423 | €4,283 | €3,823 | €3,276 | €3,849 | €5,581 | ▲ 45.0% |
| Suppliers440/4 | - | - | - | €4,283 | €3,823 | €3,276 | €3,849 | €5,581 | ▲ 45.0% |
| Taxes, remuneration and social security45 | - | - | - | €15,869 | €8,967 | €11,209 | €1,850 | €12,116 | ▲ 555% |
| Taxes450/3 | - | - | - | €15,869 | €8,967 | €11,209 | €1,850 | €12,116 | ▲ 555% |
| Other amounts payable47/48 | - | - | - | - | €2,020 | €521 | €8,082 | €19,042 | ▲ 136% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76 | €4,558 | €16,097 | €12,124 | €11,640 | €10,827 | -€72,204 | €7,195 | - |
| + Depreciation and write-downs630 | €2,249 | €1,693 | €1,931 | €2,932 | €4,963 | €5,444 | €5,917 | €5,051 | ▼ 14.6% |
| Operating cash flow (approximation) | €2,325 | €6,251 | €18,028 | €15,055 | €16,603 | €16,271 | -€66,287 | €12,245 | - |
| Investment in fixed assets (approximation) | - | -€4,519 | -€9,021 | -€1,833 | -€13,021 | -€2,590 | -€330 | -€1,422 | ▼ 331% |
| Change in cash | - | -€22,281 | -€7,365 | -€3,354 | €18,265 | €16,416 | -€38,488 | €27,521 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-09-2026 | 2026-00509692 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00361700 |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00252145 |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00270884 |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20188513 |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22900416 |
| 31-12-2019 | micro format | 02-07-2020 | 2020-26600574 |
| 31-12-2018 | micro format | 21-07-2019 | 2019-36100286 |
| 31-12-2017 | micro format | 28-07-2018 | 2018-43100568 |
| 31-12-2016 | full format | 11-07-2017 | 2017-30400403 |
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Of the 1,467 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 927. 314 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.