Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 24 filings
Equity
€672,749▼ 12.2%
2024 · €766,510
Net result
€24,175▼ 79.8%
2024 · €119,835
Total assets
€698,191▼ 15.8%
2024 · €829,645
Solvency
96.4%▲ 4.0pp
2024 · 92.4%
In the rankings
#10 oldest company in Zonhoven, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€2,617
▼ 98.1%
2025
20182025
Net result
€24,175
▼ 79.8%
2025
middle half of the sector
20182025
Equity
€672,749
▼ 12.2%
2025
highest quarter of the sector
20182025
Total assets
€698,191
▼ 15.8%
2025
middle half of the sector
20182025
Debt
€25,442
▼ 59.7%
2025
20182025
Working capital
€661,319
▼ 11.9%
2025
highest quarter of the sector
20182025
Solvency
96.4%
▲ 4.0pp
2025
highest quarter of the sector
20182025
Current ratio
26.99
▲ 14.10
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.5%
▼ 11.0pp
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€137,375-€174,258▲ 26.8%€172,447▼ 1.0%€182,552▲ 5.9%€204,420▲ 12.0%€192,251▼ 6.0%€135,982▼ 29.3%€2,617▼ 98.1%
Net result€76,141-€118,736▲ 55.9%€116,582above the sector's middle half▼ 1.8%€125,432above the sector's middle half▲ 7.6%€139,189above the sector's middle half▲ 11.0%€129,686above the sector's middle half▼ 6.8%€119,835above the sector's middle half▼ 7.6%€24,175within the sector's middle half▼ 79.8%
Equity€420,883-€538,819▲ 28.0%€596,180above the sector's middle half▲ 10.6%€653,131above the sector's middle half▲ 9.6%€716,027above the sector's middle half▲ 9.6%€722,051above the sector's middle half▲ 0.8%€766,510above the sector's middle half▲ 6.2%€672,749above the sector's middle half▼ 12.2%
Total assets€471,631-€605,618▲ 28.4%€640,925within the sector's middle half▲ 5.8%€726,977within the sector's middle half▲ 13.4%€797,601within the sector's middle half▲ 9.7%€826,823within the sector's middle half▲ 3.7%€829,645within the sector's middle half▲ 0.3%€698,191within the sector's middle half▼ 15.8%
Debt€50,748-€66,798▲ 31.6%€44,745▼ 33.0%€73,846▲ 65.0%€81,574▲ 10.5%€104,772▲ 28.4%€63,135▼ 39.7%€25,442▼ 59.7%
Working capital€419,286-€517,380▲ 23.4%€574,325above the sector's middle half▲ 11.0%€628,021above the sector's middle half▲ 9.3%€694,020above the sector's middle half▲ 10.5%€702,148above the sector's middle half▲ 1.2%€750,903above the sector's middle half▲ 6.9%€661,319above the sector's middle half▼ 11.9%
Solvency89.2%-89.0%▼ 0.3pp93.0%above the sector's middle half▲ 4.0pp89.8%above the sector's middle half▼ 3.2pp89.8%above the sector's middle half▼ 0.1pp87.3%above the sector's middle half▼ 2.4pp92.4%above the sector's middle half▲ 5.1pp96.4%above the sector's middle half▲ 4.0pp
Current ratio9.26-8.75▼ 0.5214.07above the sector's middle half▲ 5.329.50above the sector's middle half▼ 4.569.51above the sector's middle half=7.70above the sector's middle half▼ 1.8112.89above the sector's middle half▲ 5.1926.99above the sector's middle half▲ 14.10
Return on assets (ROA)16.1%-19.6%▲ 3.5pp18.2%within the sector's middle half▼ 1.4pp17.3%within the sector's middle half▼ 0.9pp17.5%within the sector's middle half▲ 0.2pp15.7%within the sector's middle half▼ 1.8pp14.4%within the sector's middle half▼ 1.2pp3.5%within the sector's middle half▼ 11.0pp
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 98% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
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 €698,191
Fixed assets
€11,430 ▼ 26.8%
Current assets
€686,761 ▼ 15.6%
Equity and liabilities €698,191
Equity
€672,749 ▼ 12.2%
Debt
€25,442 ▼ 59.7%
Debt's share of the balance-sheet total falls from 7.6% to 3.6%. Equity and debt are lower.
Key figures and ratios
ROE
3.6%▼
2024 · 15.6%
Debt ≤ 1 year
€25,442▼
2024 · €63,135
Income taxes
€14,568▼
2024 · €46,744
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,004 | €1,407 | €3,043 | - | - |
| Depreciation and write-downs of the year | €3,544 | €4,511 | €5,147 | €4,296 | €4,177 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €37,928 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,759 | €3,092 | €3,274 | €3,544 | €4,511 | €5,147 | €4,296 | €4,177 | ▼ 2.8% |
| Other operating charges640/8 | - | - | - | €783 | €705 | €8,463 | €784 | €873 | ▲ 11.4% |
| Gross operating margin9900 | €173,756 | €178,570 | €177,655 | €186,879 | €209,636 | €205,861 | €141,062 | €7,667 | ▼ 94.6% |
| Operating profit (loss)9901 | €137,375 | €174,258 | €172,447 | €182,552 | €204,420 | €192,251 | €135,982 | €2,617 | ▼ 98.1% |
| Financial income75/76B | - | - | - | €3,197 | €1,535 | €6,564 | €31,150 | €36,386 | ▲ 16.8% |
| Recurring financial income75 | €1,582 | €10,473 | €2,318 | €3,197 | €1,535 | €6,564 | €31,150 | €36,386 | ▲ 16.8% |
| Financial charges65/66B | - | - | - | €280 | €306 | €578 | €552 | €260 | ▼ 52.9% |
| Recurring financial charges65 | €1,226 | €854 | €461 | €280 | €306 | €578 | €552 | €260 | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €137,731 | €183,409 | €174,080 | €185,469 | €205,648 | €198,236 | €166,579 | €38,743 | ▼ 76.7% |
| Income taxes67/77 | €61,590 | €64,673 | €57,499 | €60,037 | €66,459 | €68,550 | €46,744 | €14,568 | ▼ 68.8% |
| Profit (loss) for the period9904 | €76,141 | €118,736 | €116,582 | €125,432 | €139,189 | €129,686 | €119,835 | €24,175 | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €76,141 | €118,736 | €116,582 | €125,432 | €139,189 | €129,686 | €119,835 | €24,175 | ▼ 79.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €471,631 | €605,618 | €640,925 | €726,977 | €797,601 | €826,823 | €829,645 | €698,191 | ▼ 15.8% |
| Fixed assets21/28 | €1,597 | €21,439 | €22,651 | €25,111 | €22,007 | €19,903 | €15,607 | €11,430 | ▼ 26.8% |
| Tangible fixed assets22/27 | €1,597 | €21,439 | €22,651 | €25,111 | €22,007 | €19,903 | €15,607 | €11,430 | ▼ 26.8% |
| Furniture and vehicles24 | - | - | - | €9,973 | €8,958 | €6,173 | €4,239 | €2,423 | ▼ 42.8% |
| Other tangible fixed assets26 | - | - | - | €15,137 | €13,049 | €13,730 | €11,368 | €9,006 | ▼ 20.8% |
| Current assets29/58 | €470,035 | €584,178 | €618,274 | €701,866 | €775,594 | €806,920 | €814,038 | €686,761 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €46,213 | €37,027 | €26,788 | €35,858 | €34,019 | €135,247 | €35,956 | €70,972 | ▲ 97.4% |
| Trade receivables40 | - | - | - | €33,646 | €32,978 | €122,185 | €5,836 | €23,801 | ▲ 308% |
| Other amounts receivable41 | - | - | - | €2,212 | €1,042 | €13,063 | €30,120 | €47,171 | ▲ 56.6% |
| Current investments50/53 | €270,323 | €293,867 | €294,891 | €299,777 | €306,913 | €302,526 | €511,276 | €535,291 | ▲ 4.7% |
| Cash at bank and in hand54/58 | €152,257 | €252,685 | €295,005 | €365,628 | €434,038 | €368,446 | €265,927 | €78,818 | ▼ 70.4% |
| Deferred charges and accrued income490/1 | - | - | - | €604 | €623 | €701 | €879 | €1,681 | ▲ 91.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €471,631 | €605,618 | €640,925 | €726,977 | €797,601 | €826,823 | €829,645 | €698,191 | ▼ 15.8% |
| Equity10/15 | €420,883 | €538,819 | €596,180 | €653,131 | €716,027 | €722,051 | €766,510 | €672,749 | ▼ 12.2% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €408,483 | €526,419 | €583,780 | €640,731 | €703,627 | €709,651 | €754,110 | €660,349 | ▼ 12.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €6,779 | €6,779 | €6,779 | €6,779 | €6,779 | = |
| Distributable reserves133 | - | - | - | €632,093 | €694,988 | €702,872 | €747,331 | €653,570 | ▼ 12.5% |
| Amounts payable17/49 | €50,748 | €66,798 | €44,745 | €73,846 | €81,574 | €104,772 | €63,135 | €25,442 | ▼ 59.7% |
| Amounts payable within one year42/48 | €50,748 | €66,798 | €43,950 | €73,846 | €81,574 | €104,772 | €63,135 | €25,442 | ▼ 59.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,360 | - | - | - | - | - |
| Financial debts43 | - | - | - | - | - | - | - | €2,019 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €2,019 | - |
| Trade debts44 | €740 | €2,191 | €912 | €8,409 | €1,634 | €1,258 | €1,157 | €914 | ▼ 21.0% |
| Suppliers440/4 | - | - | - | €8,409 | €1,634 | €1,258 | €1,157 | €914 | ▼ 21.0% |
| Taxes, remuneration and social security45 | - | - | - | €60,477 | €79,140 | €102,714 | €61,978 | €22,510 | ▼ 63.7% |
| Taxes450/3 | - | - | - | €60,477 | €79,140 | €102,714 | €61,978 | €22,510 | ▼ 63.7% |
| Other amounts payable47/48 | - | - | - | €1,600 | €800 | €800 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,141 | €118,736 | €116,582 | €125,432 | €139,189 | €129,686 | €119,835 | €24,175 | ▼ 79.8% |
| + Depreciation and write-downs630 | €6,759 | €3,092 | €3,274 | €3,544 | €4,511 | €5,147 | €4,296 | €4,177 | ▼ 2.8% |
| Operating cash flow (approximation) | €82,900 | €121,828 | €119,856 | €128,976 | €143,700 | €134,833 | €124,131 | €28,352 | ▼ 77.2% |
| Investment in fixed assets (approximation) | - | -€22,934 | -€4,485 | -€6,004 | -€1,407 | -€3,043 | €0 | €0 | - |
| Change in cash | - | €100,428 | €42,320 | €70,623 | €68,410 | -€65,592 | -€102,519 | -€187,109 | ▼ 82.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00335339 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00292183 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00243655 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00189351 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20117861 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52600350 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35100495 | |
| 31-12-2018 | micro format | 11-07-2019 | 2019-31100012 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39200408 | |
| 31-12-2016 | micro format | 18-07-2017 | 2017-31900455 |