Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-04-2026 PDF all 34 filings
Equity
€151,160▼ 10.3%
2024 · €168,605
Net result
-€17,445▼ 9.6%
2024 · -€15,921
Total assets
€308,527▼ 8.8%
2024 · €338,441
Solvency
49.0%▼ 0.8pp
2024 · 49.8%
In the rankings
#3 oldest company in Lebbeke, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€17,003
▼ 11.3%
2025
20192025
Net result
-€17,445
▼ 9.6%
2025
lowest quarter of the sector
20192025
Equity
€151,160
▼ 10.3%
2025
lowest quarter of the sector
20192025
Total assets
€308,527
▼ 8.8%
2025
lowest quarter of the sector
20192025
Debt
€157,366
▼ 7.3%
2025
20192025
Working capital
-€138,321
▼ 14.4%
2025
middle half of the sector
20192025
Solvency
49.0%
▼ 0.8pp
2025
middle half of the sector
20192025
Current ratio
0.12
▼ 0.17
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-5.7%
▼ 1.0pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€357,360--€60,630-€19,561▲ 67.7%-€19,390▲ 0.9%-€16,407▲ 15.4%-€15,277▲ 6.9%-€17,003▼ 11.3%
Net result€355,437--€55,683below the sector's middle half-€14,733below the sector's middle half▲ 73.5%-€20,089below the sector's middle half▼ 36.4%-€17,659below the sector's middle half▲ 12.1%-€15,921below the sector's middle half▲ 9.8%-€17,445below the sector's middle half▼ 9.6%
Equity€106,403-€50,720below the sector's middle half▼ 52.3%€222,273within the sector's middle half▲ 338%€202,185within the sector's middle half▼ 9.0%€184,526within the sector's middle half▼ 8.7%€168,605below the sector's middle half▼ 8.6%€151,160below the sector's middle half▼ 10.3%
Total assets€511,054-€232,124below the sector's middle half▼ 54.6%€380,741below the sector's middle half▲ 64.0%€299,665below the sector's middle half▼ 21.3%€345,937below the sector's middle half▲ 15.4%€338,441below the sector's middle half▼ 2.2%€308,527below the sector's middle half▼ 8.8%
Debt€404,652-€181,404▼ 55.2%€158,468▼ 12.6%€97,480▼ 38.5%€161,411▲ 65.6%€169,836▲ 5.2%€157,366▼ 7.3%
Working capital€15,311-€2,489within the sector's middle half▼ 83.7%-€67,207within the sector's middle half-€87,296within the sector's middle half▼ 29.9%-€104,955within the sector's middle half▼ 20.2%-€120,876within the sector's middle half▼ 15.2%-€138,321within the sector's middle half▼ 14.4%
Solvency20.8%-21.9%below the sector's middle half▲ 1.0pp58.4%within the sector's middle half▲ 36.5pp67.5%within the sector's middle half▲ 9.1pp53.3%within the sector's middle half▼ 14.1pp49.8%within the sector's middle half▼ 3.5pp49.0%within the sector's middle half▼ 0.8pp
Current ratio1.04-1.02within the sector's middle half▼ 0.020.58within the sector's middle half▼ 0.440.10below the sector's middle half▼ 0.470.35below the sector's middle half▲ 0.250.29below the sector's middle half▼ 0.060.12below the sector's middle half▼ 0.17
Return on assets (ROA)69.5%--24.0%below the sector's middle half▼ 93.5pp-3.9%below the sector's middle half▲ 20.1pp-6.7%below the sector's middle half▼ 2.8pp-5.1%below the sector's middle half▲ 1.6pp-4.7%below the sector's middle half▲ 0.4pp-5.7%below the sector's middle half▼ 1.0pp
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 loss of €17,003, larger than the loss of €15,277 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,527
Fixed assets
€289,481 =
Current assets
€19,046 ▼ 61.1%
Equity and liabilities €308,527
Equity
€151,160 ▼ 10.3%
Debt
€157,366 ▼ 7.3%
Debt's share of the balance-sheet total rises from 50.2% to 51.0%. Equity and debt are lower.
Key figures and ratios
ROE
-11.5%▼
2024 · -9.4%
Debt ≤ 1 year
€157,366▼
2024 · €169,836
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €1,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,571 | €1,611 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €9,373 | €8,213 | €7,798 | €8,047 | ▲ 3.2% |
| Gross operating margin9900 | €370,553 | -€10,568 | -€11,275 | -€10,018 | -€8,194 | -€7,479 | -€8,956 | ▼ 19.7% |
| Operating profit (loss)9901 | €357,360 | -€60,630 | -€19,561 | -€19,390 | -€16,407 | -€15,277 | -€17,003 | ▼ 11.3% |
| Financial income75/76B | - | - | - | €264 | €514 | €1,257 | €1,254 | ▼ 0.2% |
| Recurring financial income75 | €4,132 | €5,649 | €5,612 | €264 | €514 | €1,257 | €1,254 | ▼ 0.2% |
| Financial charges65/66B | - | - | - | €912 | €1,520 | €1,847 | €1,696 | ▼ 8.2% |
| Recurring financial charges65 | €28 | €584 | €667 | €912 | €1,520 | €1,847 | €1,696 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €361,464 | -€55,565 | -€14,616 | -€20,038 | -€17,413 | -€15,867 | -€17,445 | ▼ 9.9% |
| Income taxes67/77 | €6,027 | €118 | €117 | €51 | €246 | €54 | - | - |
| Profit (loss) for the period9904 | €355,437 | -€55,683 | -€14,733 | -€20,089 | -€17,659 | -€15,921 | -€17,445 | ▼ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €355,437 | -€55,683 | -€14,733 | -€20,089 | -€17,659 | -€15,921 | -€17,445 | ▼ 9.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €511,054 | €232,124 | €380,741 | €299,665 | €345,937 | €338,441 | €308,527 | ▼ 8.8% |
| Fixed assets21/28 | €91,092 | €89,481 | €289,481 | €289,481 | €289,481 | €289,481 | €289,481 | = |
| Tangible fixed assets22/27 | €91,092 | €89,481 | €289,481 | €289,481 | €289,481 | €289,481 | €289,481 | = |
| Land and buildings22 | - | - | - | €289,481 | €289,481 | €289,481 | €289,481 | = |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €0 | €0 | - |
| Current assets29/58 | €419,962 | €142,643 | €91,261 | €10,185 | €56,456 | €48,960 | €19,046 | ▼ 61.1% |
| Amounts receivable within one year40/41 | €206,097 | €90,831 | €28,183 | €8,372 | €55,159 | €47,385 | €17,931 | ▼ 62.2% |
| Trade receivables40 | - | - | - | - | €123 | - | - | - |
| Other amounts receivable41 | - | - | - | €8,372 | €55,036 | €47,385 | €17,931 | ▼ 62.2% |
| Cash at bank and in hand54/58 | €212,657 | €50,860 | €62,800 | €736 | €379 | €570 | €49 | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,077 | €918 | €1,005 | €1,066 | ▲ 6.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €511,054 | €232,124 | €380,741 | €299,665 | €345,937 | €338,441 | €308,527 | ▼ 8.8% |
| Equity10/15 | €106,403 | €50,720 | €222,273 | €202,185 | €184,526 | €168,605 | €151,160 | ▼ 10.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Revaluation surpluses12 | - | - | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €44,903 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | - | -€16,930 | -€45,377 | -€65,465 | -€83,124 | -€99,045 | -€116,490 | ▼ 17.6% |
| Amounts payable17/49 | €404,652 | €181,404 | €158,468 | €97,480 | €161,411 | €169,836 | €157,366 | ▼ 7.3% |
| Amounts payable within one year42/48 | €404,652 | €140,154 | €158,468 | €97,480 | €161,411 | €169,836 | €157,366 | ▼ 7.3% |
| Trade debts44 | €4,827 | €135,858 | €111,299 | €38,706 | €12,288 | €22,941 | €16,576 | ▼ 27.7% |
| Suppliers440/4 | - | - | - | €38,706 | €12,288 | €22,941 | €16,576 | ▼ 27.7% |
| Taxes, remuneration and social security45 | - | - | - | €51 | €47 | €54 | - | - |
| Taxes450/3 | - | - | - | €51 | €47 | €54 | - | - |
| Other amounts payable47/48 | - | - | - | €58,724 | €149,076 | €146,841 | €140,790 | ▼ 4.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €355,437 | -€55,683 | -€14,733 | -€20,089 | -€17,659 | -€15,921 | -€17,445 | ▼ 9.6% |
| + Depreciation and write-downs630 | €6,571 | €1,611 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €362,008 | -€54,072 | -€14,733 | -€20,089 | -€17,659 | -€15,921 | -€17,445 | ▼ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | -€200,000 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€161,798 | €11,940 | -€62,064 | -€357 | €191 | -€521 | - |
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 |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 27-04-2026 | 2026-00099461 | |
| 30-09-2024 | abbreviated format | 11-03-2025 | 2025-00047047 | |
| 30-09-2023 | abbreviated format | 28-03-2024 | 2024-00054468 | |
| 30-09-2022 | abbreviated format | 29-03-2023 | 2023-00051048 | |
| 30-09-2021 | abbreviated format | 30-03-2022 | 2022-09400308 | |
| 30-09-2020 | abbreviated format | 31-03-2021 | 2021-09300550 | |
| 30-09-2019 | abbreviated format | 31-03-2020 | 2020-08200138 | |
| 30-09-2018 | abbreviated format | 03-04-2019 | 2019-09400458 | |
| 30-09-2017 | abbreviated format | 29-03-2018 | 2018-08700091 | |
| 30-09-2016 | abbreviated format | 28-03-2017 | 2017-07800464 |