SLC
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432934.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 18 filings
Equity
-€255,708
2024 · €312,080
Net result
-€567,788▼ 510%
2024 · -€93,112
Total assets
€4.6m▼ 24.4%
2024 · €6.0m
Solvency
-5.6%▼ 10.8pp
2024 · 5.2%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€241,860
▲ 113%
2025
20182025
Net result
-€567,788
▼ 510%
2025
lowest quarter of the sector
20182025
Equity
-€255,708
2025
lowest quarter of the sector
20182025
Total assets
€4.6m
▼ 24.4%
2025
highest quarter of the sector
20182025
Debt
€4.8m
▼ 15.8%
2025
20182025
Working capital
-€912,692
▼ 14.8%
2025
lowest quarter of the sector
20182025
Solvency
-5.6%
▼ 10.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.00
▼ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-12.5%
▼ 10.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.01m-€0.03m▲ 166%€0.04m▲ 19.3%€0.03m▼ 11.9%-€0.01m€0.004m€0.1m▲ 32×€0.2m▲ 113%
Net result€0.002m-€0.01m▲ 459%€0.02mwithin the sector's middle half▲ 68.7%€0.009mwithin the sector's middle half▼ 56.2%€156below the sector's middle half▼ 98.3%€321below the sector's middle half▲ 105%-€0.09mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 510%
Equity€0.4m-€0.4m▲ 3.4%€0.4mwithin the sector's middle half▲ 5.6%€0.4mabove the sector's middle half▲ 2.3%€0.4mwithin the sector's middle half=€0.4mwithin the sector's middle half▲ 0.1%€0.3mwithin the sector's middle half▼ 23.0%-€0.3mbelow the sector's middle half
Total assets€1.0m-€1.1m▲ 2.7%€1.0mwithin the sector's middle half▼ 3.7%€1.0mabove the sector's middle half▲ 0.3%€1.0mwithin the sector's middle half▼ 1.0%€1.0mwithin the sector's middle half▼ 0.7%€6.0mabove the sector's middle half▲ 493%€4.6mabove the sector's middle half▼ 24.4%
Debt€0.7m-€0.7m▲ 2.4%€0.6m▼ 8.7%€0.6m▼ 0.9%€0.6m▼ 1.7%€0.6m▼ 1.2%€5.7m▲ 834%€4.8m▼ 15.8%
Working capital-€0.4m--€0.4m▲ 9.0%-€0.3mbelow the sector's middle half▲ 9.8%-€0.3mbelow the sector's middle half▲ 5.2%-€0.3mbelow the sector's middle half▼ 5.5%-€0.3mbelow the sector's middle half▼ 2.0%-€0.8mbelow the sector's middle half▼ 133%-€0.9mbelow the sector's middle half▼ 14.8%
Solvency34.7%-35.0%▲ 0.2pp38.3%within the sector's middle half▲ 3.4pp39.1%within the sector's middle half▲ 0.8pp39.5%within the sector's middle half▲ 0.4pp39.8%within the sector's middle half▲ 0.3pp5.2%below the sector's middle half▼ 34.7pp-5.6%below the sector's middle half▼ 10.8pp
Current ratio0.09-0.16▲ 0.070.08below the sector's middle half▼ 0.070.10below the sector's middle half▲ 0.010.07below the sector's middle half▼ 0.030.05below the sector's middle half▼ 0.020.03below the sector's middle half▼ 0.020.00below the sector's middle half▼ 0.03
Return on assets (ROA)0.2%-1.2%▲ 1.0pp2.0%within the sector's middle half▲ 0.9pp0.9%below the sector's middle half▼ 1.1pp0.0%below the sector's middle half▼ 0.9pp0.0%below the sector's middle half=-1.5%below the sector's middle half▼ 1.6pp-12.5%below the sector's middle half▼ 10.9pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
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 113% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
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
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.6m ▼ 24.2%
Current assets
€967 ▼ 95.7%
Equity and liabilities
Equity-€255,708
Debt€4.8m
Equity is negative. Debt (€4.8m) exceeds the balance-sheet total (€4.6m).
Key figures and ratios
Debt ≤ 1 year
€913,659▲
2024 · €817,457
Debt > 1 year
€3.8m▼
2024 · €4.8m
Income taxes
€718▲
2024 · €578
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €4.0m |
| Pledge on other assets, amount secured | - | - | - | - | €4.0m |
| Carrying value of the other pledged assets | - | - | - | - | €4.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,541 | - | - | €5,715 | - |
| Financial fixed assets | - | - | - | €5.0m | - |
| Depreciation and write-downs of the year | €1,342 | €841 | €211 | €762 | €1,143 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
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 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €211 | €0.001m | €0.001m | ▲ 50.0% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.003m | ▲ 52.9% |
| Gross operating margin9900 | €0.01m | €0.03m | €0.04m | €0.03m | -€0.01m | €0.006m | €0.1m | €0.2m | ▲ 111% |
| Operating profit (loss)9901 | €0.01m | €0.03m | €0.04m | €0.03m | -€0.01m | €0.004m | €0.1m | €0.2m | ▲ 113% |
| Financial income75/76B | - | - | - | €0 | €0.02m | €78 | €0 | €0.9m | - |
| Recurring financial income75 | €35 | €14 | €9 | €0 | €0.02m | €78 | €0 | €0.9m | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.001m | €301 | €0.2m | €1.7m | ▲ 716% |
| Recurring financial charges65 | €0.007m | €0.007m | €0.001m | €0.01m | €0.001m | €301 | €0.2m | €0.2m | ▲ 13.4% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €1.5m | - |
| Profit (loss) for the period before taxes9903 | €0.004m | €0.02m | €0.03m | €0.02m | €0.005m | €0.003m | -€0.09m | -€0.6m | ▼ 513% |
| Income taxes67/77 | €0.002m | €0.01m | €0.01m | €0.009m | €0.005m | €0.003m | €0.001m | €0.001m | ▲ 24.3% |
| Profit (loss) for the period9904 | €0.002m | €0.01m | €0.02m | €0.009m | €156 | €321 | -€0.09m | -€0.6m | ▼ 510% |
| Profit (loss) for the period to be appropriated9905 | €0.002m | €0.01m | €0.02m | €0.009m | €156 | €321 | -€0.09m | -€0.6m | ▼ 510% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €6.0m | €4.6m | ▼ 24.4% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €6.0m | €4.6m | ▼ 24.2% |
| Intangible fixed assets21 | €0.001m | €0.001m | €250 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.002m | €0.001m | €0.001m | €0.001m | €211 | - | €0.005m | €0.004m | ▼ 23.1% |
| Furniture and vehicles24 | - | - | - | €0.001m | €211 | - | €0.005m | €0.004m | ▼ 23.1% |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €6.0m | €4.6m | ▼ 24.2% |
| Current assets29/58 | €0.04m | €0.07m | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | €0.001m | ▼ 95.7% |
| Amounts receivable within one year40/41 | €0.04m | €0.07m | €0.03m | €0.02m | €0.01m | €0.01m | €0.02m | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €0.02m | €0.01m | €0.01m | €0.02m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €56 | €0 | - | - |
| Cash at bank and in hand54/58 | €472 | €0.001m | €244 | €0.005m | €0.001m | €305 | €0.002m | €36 | ▼ 98.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.01m | €0.007m | €0.002m | €0.001m | ▼ 58.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €6.0m | €4.6m | ▼ 24.4% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | -€0.3m | - |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.07m | ▼ 74.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.07m | ▼ 74.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€0.4m | - |
| Amounts payable17/49 | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | €5.7m | €4.8m | ▼ 15.8% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €4.8m | €3.8m | ▼ 20.8% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0 | - | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €4.8m | €3.8m | ▼ 20.8% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.8m | €0.9m | ▲ 11.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.7m | €0.7m | ▲ 4.9% |
| Trade debts44 | €0.007m | €0.003m | €0.002m | €0.002m | €0.004m | €0.004m | €0.03m | €0.03m | ▼ 3.7% |
| Suppliers440/4 | - | - | - | €0.002m | €0.004m | €0.004m | €0.03m | €0.03m | ▼ 3.7% |
| Advances received on contracts in progress46 | - | - | - | - | €0.02m | €0.01m | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.007m | €0.01m | €0.1m | €0.03m | ▼ 72.5% |
| Taxes450/3 | - | - | - | €0.01m | €0.005m | €0.01m | €0.06m | €0.02m | ▼ 66.8% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.002m | - | €0.04m | €0.006m | ▼ 82.7% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.3m | €230 | €0.1m | ▲ 584× |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 7.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | €0.01m | €0.02m | €0.009m | €156 | €321 | -€0.09m | -€0.6m | ▼ 510% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €211 | €0.001m | €0.001m | ▲ 50.0% |
| Operating cash flow (approximation) | €0.003m | €0.01m | €0.02m | €0.01m | €0.001m | €0.001m | -€0.09m | -€0.6m | ▼ 514% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0.002m | €0 | €0 | -€5.0m | €1.5m | - |
| Change in cash | - | €0.001m | -€0.001m | €0.005m | -€0.005m | -€357 | €0.002m | -€0.002m | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00432934 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00247835 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00405562 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00429576 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20424523 | |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-54700449 | |
| 31-12-2019 | abbreviated format | 09-09-2020 | 2020-52700275 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35400165 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-58000438 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-46600299 |