Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 13 filings
Equity
€3.0m▲ 23.6%
2024 · €2.4m
Net result
€1.2m▼ 0.8%
2024 · €1.2m
Total assets
€3.1m▲ 25.4%
2024 · €2.5m
Solvency
94.0%▼ 1.4pp
2024 · 95.4%
In the rankings
#10 company by equity in Les Bons Villers
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€52,303
▼ 43.4%
2025
20182025
Net result
€1.2m
▼ 0.8%
2025
highest quarter of the sector
20182025
Equity
€3.0m
▲ 23.6%
2025
highest quarter of the sector
20182025
Total assets
€3.1m
▲ 25.4%
2025
highest quarter of the sector
20182025
Debt
€187,265
▲ 62.2%
2025
20182025
Working capital
€2.4m
▲ 22.4%
2025
highest quarter of the sector
20182025
Solvency
94.0%
▼ 1.4pp
2025
highest quarter of the sector
20182025
Current ratio
13.67
▼ 4.12
2025
highest quarter of the sector
20182025
Return on assets (ROA)
37.7%
▼ 9.9pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.07m-€0.08m▲ 18.4%€0.09m▲ 5.3%€0.03m▼ 62.5%€0.07m▲ 112%€0.1m▲ 40.3%€0.09m▼ 3.6%€0.05m▼ 43.4%
Net result€0.1m-€0.2m▲ 116%€0.2mabove the sector's middle half▼ 19.8%€0.2mabove the sector's middle half▼ 15.1%€0.5mabove the sector's middle half▲ 185%€0.07mwithin the sector's middle half▼ 84.9%€1.2mabove the sector's middle half▲ 16×€1.2mabove the sector's middle half▼ 0.8%
Equity€0.5m-€0.6m▲ 36.4%€0.8mabove the sector's middle half▲ 32.5%€1.0mabove the sector's middle half▲ 20.8%€1.5mabove the sector's middle half▲ 49.2%€1.3mabove the sector's middle half▼ 10.7%€2.4mabove the sector's middle half▲ 82.1%€3.0mabove the sector's middle half▲ 23.6%
Total assets€0.6m-€0.7m▲ 21.7%€0.8mwithin the sector's middle half▲ 20.5%€1.3mabove the sector's middle half▲ 61.0%€1.5mabove the sector's middle half▲ 12.7%€1.4mabove the sector's middle half▼ 10.2%€2.5mabove the sector's middle half▲ 83.9%€3.1mabove the sector's middle half▲ 25.4%
Debt€0.1m-€0.08m▼ 34.1%€0.02m▼ 73.6%€0.4m▲ 17×€0.05m▼ 86.8%€0.05m▲ 5.2%€0.1m▲ 131%€0.2m▲ 62.2%
Working capital€0.1m-€0.3m▲ 114%€0.4mabove the sector's middle half▲ 48.1%€0.6mabove the sector's middle half▲ 34.6%€0.8mabove the sector's middle half▲ 37.4%€0.7mabove the sector's middle half▼ 19.3%€1.9mabove the sector's middle half▲ 195%€2.4mabove the sector's middle half▲ 22.4%
Solvency79.1%-88.7%▲ 9.6pp97.5%above the sector's middle half▲ 8.9pp73.2%within the sector's middle half▼ 24.3pp96.9%above the sector's middle half▲ 23.7pp96.3%above the sector's middle half▼ 0.5pp95.4%above the sector's middle half▼ 0.9pp94.0%above the sector's middle half▼ 1.4pp
Current ratio3.59-14.99▲ 11.4022.24above the sector's middle half▲ 7.267.81above the sector's middle half▼ 14.4318.18above the sector's middle half▲ 10.3714.18above the sector's middle half▼ 4.0017.79above the sector's middle half▲ 3.6013.67above the sector's middle half▼ 4.12
Return on assets (ROA)20.2%-35.9%▲ 15.7pp23.9%above the sector's middle half▼ 12.0pp12.6%within the sector's middle half▼ 11.3pp31.9%above the sector's middle half▲ 19.3pp5.4%within the sector's middle half▼ 26.6pp47.6%above the sector's middle half▲ 42.2pp37.7%above the sector's middle half▼ 9.9pp
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 43% lower than in 2024. It is the second 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 €3.1m
Fixed assets
€581,736 ▲ 28.9%
Current assets
€2.6m ▲ 24.6%
Equity and liabilities €3.1m
Equity
€3.0m ▲ 23.6%
Debt
€187,265 ▲ 62.2%
Debt's share of the balance-sheet total rises from 4.6% to 6.0%. Equity and debt are higher.
Key figures and ratios
ROE
40.1%▼
2024 · 49.9%
Debt ≤ 1 year
€187,265▲
2024 · €115,450
Income taxes
€139,001▼
2024 · €149,563
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 | €333,354 | €5,294 | €13,475 | €9,314 | €1,026 |
| Financial fixed assets | - | - | - | €40,000 | €166,666 |
| Depreciation and write-downs of the year | €42,469 | €11,927 | €13,332 | €12,124 | €14,377 |
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 | - | - | - | - | €0.001m | - | €0.02m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.003m | €0.003m | €0.04m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 18.6% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 22.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.004m | - | - | - |
| Gross operating margin9900 | €0.07m | €0.09m | €0.09m | €0.08m | €0.08m | €0.1m | €0.1m | €0.07m | ▼ 35.9% |
| Operating profit (loss)9901 | €0.07m | €0.08m | €0.09m | €0.03m | €0.07m | €0.1m | €0.09m | €0.05m | ▼ 43.4% |
| Financial income75/76B | - | - | - | €0.2m | €0.5m | €0.007m | €1.3m | €1.3m | ▲ 1.8% |
| Recurring financial income75 | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | €0.007m | €0.04m | €0.09m | ▲ 137% |
| Non-recurring financial income76B | - | - | - | - | €0.2m | - | €1.2m | €1.2m | ▼ 2.3% |
| Financial charges65/66B | - | - | - | €0.004m | €0.005m | €330 | €0.001m | €0.003m | ▲ 319% |
| Recurring financial charges65 | €0.006m | €0.004m | €0.004m | €0.004m | €0.005m | €330 | €0.001m | €0.003m | ▲ 319% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.3m | €0.2m | €0.2m | €0.5m | €0.1m | €1.3m | €1.3m | ▼ 1.5% |
| Income taxes67/77 | €0.02m | €0.03m | €0.04m | €0.07m | €0.06m | €0.03m | €0.1m | €0.1m | ▼ 7.1% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | €0.07m | €1.2m | €1.2m | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | €0.07m | €1.2m | €1.2m | ▼ 0.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.7m | €0.8m | €1.3m | €1.5m | €1.4m | €2.5m | €3.1m | ▲ 25.4% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.7m | €0.7m | €0.7m | €0.5m | €0.6m | ▲ 28.9% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.2% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 3.4% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.005m | €0.004m | €0.01m | €0.007m | ▼ 29.1% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.8% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.04m | €0.2m | ▲ 359% |
| Current assets29/58 | €0.2m | €0.3m | €0.5m | €0.7m | €0.9m | €0.7m | €2.1m | €2.6m | ▲ 24.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | €0.3m | €0.3m | €1.6m | €0.3m | ▼ 81.5% |
| Other amounts receivable291 | - | - | - | €0.3m | €0.3m | €0.3m | €1.6m | €0.3m | ▼ 81.5% |
| Amounts receivable within one year40/41 | €0.02m | €0.04m | €0.001m | €0.01m | €0.09m | - | €0.003m | €315 | ▼ 87.5% |
| Trade receivables40 | - | - | - | €0.002m | €0.008m | - | €0.002m | - | - |
| Other amounts receivable41 | - | - | - | €0.009m | €0.09m | - | €0.001m | €315 | ▼ 51.1% |
| Current investments50/53 | - | €0.004m | €0.01m | €0.03m | €0.06m | €0.07m | €0.01m | €0.8m | ▲ 59× |
| Cash at bank and in hand54/58 | €0.1m | €0.08m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | €1.4m | ▲ 245% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.002m | €0.003m | €0.002m | ▼ 11.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.7m | €0.8m | €1.3m | €1.5m | €1.4m | €2.5m | €3.1m | ▲ 25.4% |
| Equity10/15 | €0.5m | €0.6m | €0.8m | €1.0m | €1.5m | €1.3m | €2.4m | €3.0m | ▲ 23.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.6m | €0.8m | €1.0m | €1.5m | €1.3m | €2.4m | €2.9m | ▲ 23.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.4m | €1.3m | €2.4m | €2.9m | ▲ 23.8% |
| Amounts payable17/49 | €0.1m | €0.08m | €0.02m | €0.4m | €0.05m | €0.05m | €0.1m | €0.2m | ▲ 62.2% |
| Amounts payable after more than one year17 | €0.07m | €0.06m | - | €0.3m | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.3m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.05m | €0.02m | €0.02m | €0.09m | €0.05m | €0.05m | €0.1m | €0.2m | ▲ 62.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | - | - | - | - | - |
| Financial debts43 | - | - | - | €0.03m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.03m | - | - | - | - | - |
| Trade debts44 | €0.004m | €0.001m | €0.001m | €0.001m | €0.005m | €0.002m | €27 | €0.009m | ▲ 336× |
| Suppliers440/4 | - | - | - | €0.001m | €0.005m | €0.002m | €27 | €0.009m | ▲ 336× |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.04m | €0.05m | €0.1m | €0.1m | ▼ 5.1% |
| Taxes450/3 | - | - | - | €0.005m | €0.04m | €0.05m | €0.1m | €0.1m | ▼ 5.1% |
| Other amounts payable47/48 | - | - | - | €0.03m | - | €176 | €0.001m | €0.07m | ▲ 64× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | €0.07m | €1.2m | €1.2m | ▼ 0.8% |
| + Depreciation and write-downs630 | €0.003m | €0.003m | €0.003m | €0.04m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 18.6% |
| Operating cash flow (approximation) | €0.1m | €0.3m | €0.2m | €0.2m | €0.5m | €0.09m | €1.2m | €1.2m | ▼ 0.6% |
| Investment in fixed assets (approximation) | - | -€0.001m | -€0.003m | -€0.3m | -€0.001m | -€0.01m | €0.2m | -€0.1m | - |
| Change in cash | - | -€0.03m | €0.04m | €0.02m | €0.03m | €0.2m | €0.08m | €1.0m | ▲ 13× |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00333403 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00279489 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00238877 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00135427 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20161280 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38000507 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-42800437 | |
| 31-12-2018 | micro format | 02-08-2019 | 2019-42600247 | |
| 31-12-2017 | micro format | 18-06-2018 | 2018-18800332 | |
| 31-12-2016 | micro format | 12-07-2017 | 2017-29800010 |