Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 29 filings
Equity
€139,578=
2024 · €139,578
Total assets
€171,312=
2024 · €171,312
Net result
-€823▲ 3.7%
2021 · -€855
Working capital
€139,578=
2024 · €139,578
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
no figure
2025
20182025
Net result
no figure
2025
20182025
Equity
€139,578
=
2025
middle half of the sector
20182025
Total assets
€171,312
=
2025
lowest quarter of the sector
20182025
Debt
€31,734
=
2025
20182025
Working capital
€139,578
=
2025
middle half of the sector
20182025
Solvency
81.5%
=
2025
highest quarter of the sector
20182025
Current ratio
5.40
=
2025
highest quarter of the sector
20182025
Return on assets (ROA)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€799-€345-€847-€783▲ 7.5%
Net result-€945--€149▲ 84.2%€167below the sector's middle half-€855below the sector's middle half-€823below the sector's middle half▲ 3.7%
Equity€141,239-€141,089▼ 0.1%€141,256within the sector's middle half▲ 0.1%€140,401within the sector's middle half▼ 0.6%€139,578within the sector's middle half▼ 0.6%€139,578within the sector's middle half=€139,578within the sector's middle half=€139,578within the sector's middle half=
Total assets€171,515-€171,514=€172,573within the sector's middle half▲ 0.6%€171,320within the sector's middle half▼ 0.7%€171,312within the sector's middle half=€171,312within the sector's middle half=€171,312within the sector's middle half=€171,312below the sector's middle half=
Debt€30,276-€30,425▲ 0.5%€31,317▲ 2.9%€30,919▼ 1.3%€31,734▲ 2.6%€31,734=€31,734=€31,734=
Working capital€141,239-€141,089▼ 0.1%€141,256above the sector's middle half▲ 0.1%€140,401above the sector's middle half▼ 0.6%€139,578above the sector's middle half▼ 0.6%€139,578above the sector's middle half=€139,578within the sector's middle half=€139,578within the sector's middle half=
Solvency82.3%-82.3%▼ 0.1pp81.9%above the sector's middle half▼ 0.4pp82.0%above the sector's middle half▲ 0.1pp81.5%above the sector's middle half▼ 0.5pp81.5%above the sector's middle half=81.5%above the sector's middle half=81.5%above the sector's middle half=
Current ratio5.66-5.64▼ 0.035.51above the sector's middle half▼ 0.135.54above the sector's middle half▲ 0.035.40above the sector's middle half▼ 0.145.40above the sector's middle half=5.40above the sector's middle half=5.40above the sector's middle half=
Return on assets (ROA)-0.6%--0.1%▲ 0.5pp0.1%below the sector's middle half▲ 0.2pp-0.5%below the sector's middle half▼ 0.6pp-0.5%below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2022 is a loss of €783, smaller than the loss of €847 in 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €171,312
Equity
€139,578 =
Debt
€31,734 =
Debt's share of the balance-sheet total stays at 18.5%.
Key figures and ratios
Debt to equity
0.23=
2024 · 0.23
Debt ≤ 1 year
€31,734=
2024 · €31,734
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€799 | - | €345 | -€847 | -€783 | - | - | - | - |
| Operating profit (loss)9901 | -€799 | - | €345 | -€847 | -€783 | - | - | - | - |
| Financial charges65/66B | - | - | - | €8 | €40 | - | - | - | - |
| Recurring financial charges65 | €146 | €149 | €178 | €8 | €40 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€945 | -€149 | €167 | -€855 | -€823 | - | - | - | - |
| Profit (loss) for the period9904 | -€945 | -€149 | €167 | -€855 | -€823 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€945 | -€149 | €167 | -€855 | -€823 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €171,515 | €171,514 | €172,573 | €171,320 | €171,312 | €171,312 | €171,312 | €171,312 | = |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €171,515 | €171,514 | €172,573 | €171,320 | €171,312 | €171,312 | €171,312 | €171,312 | = |
| Amounts receivable within one year40/41 | €171,491 | €171,491 | €172,565 | €171,312 | €171,312 | €171,312 | €171,312 | €171,312 | = |
| Other amounts receivable41 | - | - | - | €171,312 | €171,312 | €171,312 | €171,312 | €171,312 | = |
| Cash at bank and in hand54/58 | €24 | €23 | €8 | €8 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €171,515 | €171,514 | €172,573 | €171,320 | €171,312 | €171,312 | €171,312 | €171,312 | = |
| Equity10/15 | €141,239 | €141,089 | €141,256 | €140,401 | €139,578 | €139,578 | €139,578 | €139,578 | = |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €0 | €62,000 | - |
| Other1109/19 | - | - | - | - | - | - | €0 | €62,000 | - |
| Reserves13 | €4,428 | €4,428 | €4,438 | €4,438 | €4,438 | €4,438 | €4,438 | €4,438 | = |
| Non-distributable reserves130/1 | - | - | - | €4,438 | €4,438 | €4,438 | €4,438 | €4,438 | = |
| Legal reserve130 | - | - | - | €4,438 | €4,438 | €4,438 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €4,438 | €4,438 | = |
| Profit (loss) carried forward14 | €74,811 | €74,661 | €74,818 | €73,963 | €73,140 | €73,140 | €73,140 | €73,140 | = |
| Amounts payable17/49 | €30,276 | €30,425 | €31,317 | €30,919 | €31,734 | €31,734 | €31,734 | €31,734 | = |
| Amounts payable within one year42/48 | €30,276 | €30,425 | €31,317 | €30,919 | €31,734 | €31,734 | €31,734 | €31,734 | = |
| Trade debts44 | - | - | €908 | €502 | €502 | €502 | €502 | €502 | = |
| Suppliers440/4 | - | - | - | €502 | €502 | €502 | €502 | €502 | = |
| Other amounts payable47/48 | - | - | - | €30,417 | €31,232 | €31,232 | €31,232 | €31,232 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€945 | -€149 | €167 | -€855 | -€823 | - | - | - | - |
| Operating cash flow (approximation) | -€945 | -€149 | €167 | -€855 | -€823 | - | - | - | - |
| Change in cash | - | -€1 | -€15 | €0 | - | - | - | - | - |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00356624 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00308636 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00312853 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00290859 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20301850 | |
| 31-12-2020 | micro format | 07-08-2021 | 2021-47700586 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-43300257 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46700252 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-65600090 | |
| 31-12-2016 | micro format | 28-09-2017 | 2017-64200357 |