Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 2 filings
Equity
€42,562▲ 45.9%
2024 · €29,168
Net result
€13,394▼ 44.6%
2024 · €24,168
Total assets
€71,641▼ 36.5%
2024 · €112,830
Solvency
59.4%▲ 33.6pp
2024 · 25.9%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€21,678
▼ 40.2%
2025
20242025
Net result
€13,394
▼ 44.6%
2025
middle half of the sector
20242025
Equity
€42,562
▲ 45.9%
2025
middle half of the sector
20242025
Total assets
€71,641
▼ 36.5%
2025
lowest quarter of the sector
20242025
Debt
€29,078
▼ 65.2%
2025
20242025
Working capital
-€3,205
▲ 81.0%
2025
middle half of the sector
20242025
Solvency
59.4%
▲ 33.6pp
2025
middle half of the sector
20242025
Current ratio
0.89
▲ 0.09
2025
middle half of the sector
20242025
Return on assets (ROA)
18.7%
▼ 2.7pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€36,280-€21,678▼ 40.2%
Net result€24,168within the sector's middle half-€13,394within the sector's middle half▼ 44.6%
Equity€29,168below the sector's middle half-€42,562within the sector's middle half▲ 45.9%
Total assets€112,830below the sector's middle half-€71,641below the sector's middle half▼ 36.5%
Debt€83,662-€29,078▼ 65.2%
Working capital-€16,830within the sector's middle half--€3,205within the sector's middle half▲ 81.0%
Solvency25.9%within the sector's middle half-59.4%within the sector's middle half▲ 33.6pp
Current ratio0.80within the sector's middle half-0.89within the sector's middle half▲ 0.09
Return on assets (ROA)21.4%within the sector's middle half-18.7%within the sector's middle half▼ 2.7pp
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 40% lower than in 2024.
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 €71,641
Fixed assets
€45,768 ▼ 0.5%
Current assets
€25,873 ▼ 61.3%
Equity and liabilities €71,641
Equity
€42,562 ▲ 45.9%
Debt
€29,078 ▼ 65.2%
Debt's share of the balance-sheet total falls from 74.1% to 40.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
31.5%▼
2024 · 82.9%
Debt ≤ 1 year
€29,078▼
2024 · €83,662
Income taxes
€6,736▼
2024 · €11,811
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €67,336 | €15,957 |
| Depreciation and write-downs of the year | €20,838 | €16,188 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,838 | €16,188 | ▼ 22.3% |
| Other operating charges640/8 | €3,177 | €1,131 | ▼ 64.4% |
| Gross operating margin9900 | €60,295 | €38,997 | ▼ 35.3% |
| Operating profit (loss)9901 | €36,280 | €21,678 | ▼ 40.2% |
| Financial charges65/66B | €302 | €1,548 | ▲ 413% |
| Recurring financial charges65 | €302 | €1,548 | ▲ 413% |
| Non-recurring financial charges66B | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €35,979 | €20,130 | ▼ 44.0% |
| Income taxes67/77 | €11,811 | €6,736 | ▼ 43.0% |
| Profit (loss) for the period9904 | €24,168 | €13,394 | ▼ 44.6% |
| Profit (loss) for the period to be appropriated9905 | €24,168 | €13,394 | ▼ 44.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €112,830 | €71,641 | ▼ 36.5% |
| Fixed assets21/28 | €45,998 | €45,768 | ▼ 0.5% |
| Tangible fixed assets22/27 | €45,998 | €45,768 | ▼ 0.5% |
| Plant, machinery and equipment23 | - | €11,842 | - |
| Furniture and vehicles24 | €45,998 | €33,925 | ▼ 26.2% |
| Current assets29/58 | €66,832 | €25,873 | ▼ 61.3% |
| Amounts receivable within one year40/41 | €33,801 | €7,527 | ▼ 77.7% |
| Trade receivables40 | €33,719 | €7,527 | ▼ 77.7% |
| Other amounts receivable41 | €82 | - | - |
| Cash at bank and in hand54/58 | €30,676 | €15,870 | ▼ 48.3% |
| Deferred charges and accrued income490/1 | €2,355 | €2,476 | ▲ 5.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €112,830 | €71,641 | ▼ 36.5% |
| Equity10/15 | €29,168 | €42,562 | ▲ 45.9% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €24,168 | €37,562 | ▲ 55.4% |
| Amounts payable17/49 | €83,662 | €29,078 | ▼ 65.2% |
| Amounts payable within one year42/48 | €83,662 | €29,078 | ▼ 65.2% |
| Trade debts44 | €53,187 | €3,162 | ▼ 94.1% |
| Suppliers440/4 | €53,187 | €3,162 | ▼ 94.1% |
| Taxes, remuneration and social security45 | €28,920 | €25,917 | ▼ 10.4% |
| Taxes450/3 | €28,920 | €25,917 | ▼ 10.4% |
| Other amounts payable47/48 | €1,556 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,168 | €13,394 | ▼ 44.6% |
| + Depreciation and write-downs630 | €20,838 | €16,188 | ▼ 22.3% |
| Operating cash flow (approximation) | €45,006 | €29,582 | ▼ 34.3% |
| Investment in fixed assets (approximation) | - | -€15,957 | - |
| Change in cash | - | -€14,806 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.