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ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 05-10-2026 at the NBB all 10 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €17,000
Estimated: probably between €7,900 and €33,000
EBIT margin
Not included in this filing
Net result
€1,843▼ 90.4%
2025 · €19,262
Working capital
-€124,011▲ 1.3%
2025 · -€125,654
Multi-year overview
2018 to 2026, 8 financial yearsOperating result
€2,221
▼ 88.7%
2026
20182026
Net result
€1,843
▼ 90.4%
2026
20182026
Equity
€18,529
▲ 11.0%
2026
20182026
Total assets
€265,577
▲ 36.2%
2026
20182026
Debt
€247,049
▲ 38.6%
2026
20182026
Working capital
-€124,011
▲ 1.3%
2026
20182026
Solvency
7.0%
▼ 1.6pp
2026
20182026
Current ratio
0.50
▲ 0.20
2026
20182026
Return on assets (ROA)
0.7%
▼ 9.2pp
2026
20182026
Staff (FTE)
no figure
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202420252026
Operating result€42,208-€658▼ 98.4%-€5,688-€10,319▼ 81.4%-€26,290▼ 155%-€56,960-€19,645€2,221▼ 88.7%
Net result€41,914-€319▼ 99.2%-€8,877within the sector's middle half-€10,907below the sector's middle half▼ 22.9%-€26,964below the sector's middle half▼ 147%-€57,326below the sector's middle half-€19,262within the sector's middle half€1,843▼ 90.4%
Equity€101,179-€101,498▲ 0.3%€92,621within the sector's middle half▼ 8.7%€81,714within the sector's middle half▼ 11.8%€54,749below the sector's middle half▼ 33.0%-€2,577below the sector's middle half-€16,686below the sector's middle half€18,529▲ 11.0%
Total assets€376,638-€361,993▼ 3.9%€460,162within the sector's middle half▲ 27.1%€192,998below the sector's middle half▼ 58.1%€348,144within the sector's middle half▲ 80.4%€174,560below the sector's middle half-€194,943below the sector's middle half▲ 11.7%€265,577▲ 36.2%
Debt€275,459-€260,495▼ 5.4%€367,541▲ 41.1%€111,284▼ 69.7%€293,395▲ 164%€177,137-€178,257▲ 0.6%€247,049▲ 38.6%
Working capital€105,441-€120,975▲ 14.7%€114,807within the sector's middle half▼ 5.1%-€19,429within the sector's middle half-€41,394within the sector's middle half▼ 113%-€144,917below the sector's middle half--€125,654below the sector's middle half▲ 13.3%-€124,011▲ 1.3%
Solvency26.9%-28.0%▲ 1.2pp20.1%within the sector's middle half▼ 7.9pp42.3%within the sector's middle half▲ 22.2pp15.7%within the sector's middle half▼ 26.6pp-1.5%below the sector's middle half-8.6%below the sector's middle half▲ 10.0pp7.0%▼ 1.6pp
Current ratio1.61-1.94▲ 0.341.49within the sector's middle half▼ 0.460.70within the sector's middle half▼ 0.780.83within the sector's middle half▲ 0.130.18below the sector's middle half-0.30below the sector's middle half▲ 0.110.50▲ 0.20
Return on assets (ROA)11.1%-0.1%▼ 11.0pp-1.9%below the sector's middle half▼ 2.0pp-5.7%below the sector's middle half▼ 3.7pp-7.7%below the sector's middle half▼ 2.1pp-32.8%below the sector's middle half-9.9%above the sector's middle half▲ 42.7pp0.7%▼ 9.2pp
Staff (FTE)1.3-2▲ 53.8%2within the sector's middle half=1.3below the sector's middle half▼ 35.0%1within the sector's middle half▼ 23.1%0within the sector's middle half-
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 2026 is 89% lower than in 2025.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €265,577
Fixed assets
€142,540 ▲ 0.1%
Current assets
€123,037 ▲ 134%
Equity and liabilities €265,577
Equity
€18,529 ▲ 11.0%
Debt
€247,049 ▲ 38.6%
Debt's share of the balance-sheet total rises from 91.4% to 93.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
13.33▲
2025 · 10.68
ROE
9.9%▼
2025 · 115.4%
Debt ≤ 1 year
€247,049▲
2025 · €178,257
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-03-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 1 | 1 | - |
| part-time | - | 0 | - |
| in full-time equivalents | 1 | 1 | - |
| Average over the year, in full-time equivalents | 1.3 | 1 | 0 |
| On a permanent contract | 1 | 1 | - |
| Joined | 0 | - | 0 |
| Left | 1 | - | 1 |
| Training hours | - | 4 | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Guarantees given for others' debts | - | - | - | - | €260,000 |
Source: notes to the 2021 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Financial fixed assets | €38,000 | - | - | - | €200 |
Source: notes to the 2021 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €82,718 | €58,444 | €7,636 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,840 | €3,840 | €3,491 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €683 | €690 | €1,032 | €655 | €632 | ▼ 3.6% |
| Gross operating margin9900 | €102,167 | €97,293 | €108,636 | €73,082 | €32,844 | -€48,293 | €20,300 | €2,853 | ▼ 85.9% |
| Operating profit (loss)9901 | €42,208 | €658 | -€5,688 | -€10,319 | -€26,290 | -€56,960 | €19,645 | €2,221 | ▼ 88.7% |
| Financial income75/76B | - | - | - | €2 | €0 | - | €73 | - | - |
| Recurring financial income75 | €1 | - | - | €2 | €0 | - | €73 | - | - |
| Financial charges65/66B | - | - | - | €300 | €318 | €366 | €456 | €378 | ▼ 17.0% |
| Recurring financial charges65 | €337 | €339 | €383 | €300 | €318 | €366 | €456 | €378 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | €41,872 | €319 | -€6,071 | -€10,617 | -€26,609 | -€57,326 | €19,262 | €1,843 | ▼ 90.4% |
| Income taxes67/77 | -€42 | - | €2,806 | €290 | €355 | €0 | - | - | - |
| Profit (loss) for the period9904 | €41,914 | €319 | -€8,877 | -€10,907 | -€26,964 | -€57,326 | €19,262 | €1,843 | ▼ 90.4% |
| Profit (loss) for the period to be appropriated9905 | €41,914 | €319 | -€8,877 | -€10,907 | -€26,964 | -€57,326 | €19,262 | €1,843 | ▼ 90.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €376,638 | €361,993 | €460,162 | €192,998 | €348,144 | €174,560 | €194,943 | €265,577 | ▲ 36.2% |
| Fixed assets21/28 | €97,671 | €112,831 | €109,340 | €147,340 | €142,340 | €142,340 | €142,340 | €142,540 | ▲ 0.1% |
| Tangible fixed assets22/27 | €7,331 | €3,491 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €90,340 | €109,340 | €109,340 | €147,340 | €142,340 | €142,340 | €142,340 | €142,540 | ▲ 0.1% |
| Current assets29/58 | €278,967 | €249,162 | €350,822 | €45,658 | €205,804 | €32,220 | €52,603 | €123,037 | ▲ 134% |
| Amounts receivable within one year40/41 | €121,592 | €151,630 | €244,968 | €29,814 | €202,278 | €9,667 | €2,288 | €98,865 | ▲ 43× |
| Trade receivables40 | - | - | - | €18,971 | €175,734 | €9,107 | €676 | €98,865 | ▲ 146× |
| Other amounts receivable41 | - | - | - | €10,843 | €26,544 | €560 | €1,611 | - | - |
| Cash at bank and in hand54/58 | €55,011 | €96,096 | €104,101 | €13,376 | €2,786 | €22,553 | €50,315 | €24,102 | ▼ 52.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,468 | €740 | €0 | - | €70 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €376,638 | €361,993 | €460,162 | €192,998 | €348,144 | €174,560 | €194,943 | €265,577 | ▲ 36.2% |
| Equity10/15 | €101,179 | €101,498 | €92,621 | €81,714 | €54,749 | -€2,577 | €16,686 | €18,529 | ▲ 11.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | - | €75 | €75 | €75 | €75 | €75 | €75 | €75 | = |
| Non-distributable reserves130/1 | - | - | - | €75 | €75 | €75 | €75 | €75 | = |
| Legal reserve130 | - | - | - | €75 | €75 | €75 | €75 | €75 | = |
| Profit (loss) carried forward14 | €1,179 | €1,423 | -€7,454 | -€18,361 | -€45,326 | -€102,652 | -€83,389 | -€81,546 | ▲ 2.2% |
| Amounts payable17/49 | €275,459 | €260,495 | €367,541 | €111,284 | €293,395 | €177,137 | €178,257 | €247,049 | ▲ 38.6% |
| Amounts payable after more than one year17 | €5,887 | €3,637 | €1,350 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €173,526 | €128,187 | €236,015 | €65,087 | €247,198 | €177,137 | €178,257 | €247,049 | ▲ 38.6% |
| Financial debts43 | - | - | - | - | €19 | €21 | - | - | - |
| Other loans439 | - | - | - | - | €19 | €21 | - | - | - |
| Trade debts44 | €158,719 | €106,175 | €198,693 | €55,320 | €237,445 | €23,496 | €40,907 | €102,304 | ▲ 150% |
| Suppliers440/4 | - | - | - | €55,320 | €237,445 | €23,496 | €40,907 | €102,304 | ▲ 150% |
| Taxes, remuneration and social security45 | - | - | - | €4,516 | €4,372 | €0 | - | €4,873 | - |
| Taxes450/3 | - | - | - | - | €149 | €0 | - | €4,873 | - |
| Remuneration and social security454/9 | - | - | - | €4,516 | €4,222 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,251 | €5,362 | €153,621 | €137,350 | €139,871 | ▲ 1.8% |
| Accrued charges and deferred income492/3 | - | - | - | €46,197 | €46,197 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,914 | €319 | -€8,877 | -€10,907 | -€26,964 | -€57,326 | €19,262 | €1,843 | ▼ 90.4% |
| + Depreciation and write-downs630 | €3,840 | €3,840 | €3,491 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €45,754 | €4,159 | -€5,386 | -€10,907 | -€26,964 | -€57,326 | €19,262 | €1,843 | ▼ 90.4% |
| Investment in fixed assets (approximation) | - | -€19,000 | €0 | -€38,000 | €5,000 | - | €0 | -€200 | - |
| Change in cash | - | €41,085 | €8,005 | -€90,725 | -€10,590 | - | €27,762 | -€26,213 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 05-10-2026 | 2026-00545876 | |
| 31-03-2025 | full format | 23-09-2025 | 2025-00498388 | |
| 31-03-2024 | abbreviated format | 19-07-2024 | 2024-00274806 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00171454 | |
| 31-12-2021 | full format | 15-06-2022 | 2022-20064519 | |
| 31-12-2020 | full format | 26-05-2021 | 2021-15200436 | |
| 31-12-2019 | full format | 17-03-2020 | 2020-06900010 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-33600319 | |
| 31-12-2017 | full format | 26-06-2018 | 2018-23400123 | |
| 31-12-2016 | full format | 28-07-2017 | 2017-36600272 |