Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-03-2026 PDF all 6 filings
Equity
€425,933▲ 3.4%
2024 · €411,804
Net result
€14,129
2024 · -€87,847
Total assets
€1.9m▼ 0.7%
2024 · €1.9m
Solvency
22.5%▲ 0.9pp
2024 · 21.6%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€57,142
2025
20202025
Net result
€14,129
2025
middle half of the sector
20202025
Equity
€425,933
▲ 3.4%
2025
highest quarter of the sector
20202025
Total assets
€1.9m
▼ 0.7%
2025
highest quarter of the sector
20202025
Debt
€1.5m
▼ 1.8%
2025
20202025
Working capital
€60,581
▲ 302%
2025
middle half of the sector
20202025
Solvency
22.5%
▲ 0.9pp
2025
middle half of the sector
20202025
Current ratio
2.40
▲ 1.04
2025
middle half of the sector
20202025
Return on assets (ROA)
0.7%
▲ 5.4pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.005m-€0.005m▲ 16.2%€0.001m▼ 85.0%-€0.05m-€0.04m▲ 28.1%€0.06m
Net result-€0.005mbelow the sector's middle half--€0.004mbelow the sector's middle half▲ 26.1%-€0.009mbelow the sector's middle half▼ 131%-€0.07mbelow the sector's middle half▼ 708%-€0.09mbelow the sector's middle half▼ 22.3%€0.01mwithin the sector's middle half
Equity€0.6mwithin the sector's middle half-€0.6mwithin the sector's middle half▼ 0.7%€0.6mwithin the sector's middle half▼ 1.5%€0.5mwithin the sector's middle half▼ 12.6%€0.4mwithin the sector's middle half▼ 17.6%€0.4mabove the sector's middle half▲ 3.4%
Total assets€0.7mwithin the sector's middle half-€1.1mwithin the sector's middle half▲ 60.4%€1.0mwithin the sector's middle half▼ 3.3%€2.2mabove the sector's middle half▲ 114%€1.9mwithin the sector's middle half▼ 13.8%€1.9mabove the sector's middle half▼ 0.7%
Debt€0.08m-€0.5m▲ 491%€0.5m▼ 5.3%€1.7m▲ 269%€1.5m▼ 12.8%€1.5m▼ 1.8%
Working capital-€0.04mbelow the sector's middle half--€0.2mbelow the sector's middle half▼ 335%-€0.2mbelow the sector's middle half▼ 0.9%-€0.3mbelow the sector's middle half▼ 116%€0.02mwithin the sector's middle half€0.06mwithin the sector's middle half▲ 302%
Solvency87.6%above the sector's middle half-54.3%within the sector's middle half▼ 33.3pp55.2%within the sector's middle half▲ 1.0pp22.6%within the sector's middle half▼ 32.6pp21.6%within the sector's middle half▼ 1.0pp22.5%within the sector's middle half▲ 0.9pp
Current ratio0.11below the sector's middle half-0.09below the sector's middle half▼ 0.020.06below the sector's middle half▼ 0.040.51below the sector's middle half▲ 0.461.36within the sector's middle half▲ 0.852.40within the sector's middle half▲ 1.04
Return on assets (ROA)-0.8%below the sector's middle half--0.4%below the sector's middle half▲ 0.4pp-0.9%below the sector's middle half▼ 0.5pp-3.2%below the sector's middle half▼ 2.4pp-4.6%below the sector's middle half▼ 1.4pp0.7%below the sector's middle half▲ 5.4pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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 a profit of €57,142, after a loss of €37,912 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or 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 €1.9m
Fixed assets
€1.8m ▼ 3.2%
Current assets
€103,841 ▲ 82.0%
Equity and liabilities €1.9m
Equity
€425,933 ▲ 3.4%
Debt
€1.5m ▼ 1.8%
Debt's share of the balance-sheet total falls from 78.4% to 77.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
3.3%▲
2024 · -21.3%
Debt ≤ 1 year
€43,260▲
2024 · €41,989
Debt > 1 year
€1.4m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €311,891 | - | - | - |
| Mortgages, amount registered | - | - | - | €50,000 | - |
| Mortgage mandates | - | - | - | €546,090 | - |
| Carrying value of the mortgaged assets | - | - | - | €1.3m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €429,656 | €18,150 | €916,968 | €496,278 | €25,353 |
| Depreciation and write-downs of the year | €38,514 | €46,476 | €86,857 | €74,279 | €85,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €43,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,305 | €38,514 | €46,476 | €86,857 | €74,279 | €85,000 | ▲ 14.4% |
| Other operating charges640/8 | - | €4,590 | €6,290 | €10,728 | €22,755 | €7,672 | ▼ 66.3% |
| Gross operating margin9900 | €48,006 | €48,566 | €53,587 | €44,877 | €59,122 | €149,814 | ▲ 153% |
| Operating profit (loss)9901 | €4,701 | €5,462 | €821 | -€52,707 | -€37,912 | €57,142 | - |
| Financial income75/76B | - | €0 | - | - | €4,179 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | - | - | €4,179 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3,808 | €5,138 | €19,138 | €54,114 | €43,013 | ▼ 20.5% |
| Recurring financial charges65 | €4,643 | €3,808 | €5,138 | €19,138 | €54,114 | €43,013 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €58 | €1,654 | -€4,317 | -€71,846 | -€87,847 | €14,129 | - |
| Income taxes67/77 | €5,262 | €5,501 | €4,573 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€5,204 | -€3,847 | -€8,890 | -€71,846 | -€87,847 | €14,129 | - |
| Profit (loss) for the period to be appropriated9905 | -€5,204 | -€3,847 | -€8,890 | -€71,846 | -€87,847 | €14,129 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.7m | €1.1m | €1.0m | €2.2m | €1.9m | €1.9m | ▼ 0.7% |
| Fixed assets21/28 | €0.7m | €1.1m | €1.0m | €1.9m | €1.8m | €1.8m | ▼ 3.2% |
| Tangible fixed assets22/27 | €0.7m | €1.1m | €1.0m | €1.9m | €1.8m | €1.8m | ▼ 3.2% |
| Land and buildings22 | - | €1.1m | €1.0m | €1.9m | €1.8m | €1.8m | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | - | €0.003m | €0.002m | ▼ 20.6% |
| Current assets29/58 | €0.005m | €0.02m | €0.01m | €0.4m | €0.06m | €0.1m | ▲ 82.0% |
| Amounts receivable within one year40/41 | €0.005m | €0 | - | €0.3m | €0.004m | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Other amounts receivable41 | - | €0 | - | €0.3m | €0 | - | - |
| Cash at bank and in hand54/58 | - | €0.02m | €0.01m | €0.04m | €0.05m | €0.06m | ▲ 14.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.04m | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.7m | €1.1m | €1.0m | €2.2m | €1.9m | €1.9m | ▼ 0.7% |
| Equity10/15 | €0.6m | €0.6m | €0.6m | €0.5m | €0.4m | €0.4m | ▲ 3.4% |
| Contributions10/11 | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Revaluation surpluses12 | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | = |
| Reserves13 | €0.1m | €0.1m | €0.09m | €0.08m | €0.06m | €0.07m | ▲ 23.9% |
| Distributable reserves133 | - | €0.1m | €0.09m | €0.08m | €0.06m | €0.07m | ▲ 23.9% |
| Amounts payable17/49 | €0.08m | €0.5m | €0.5m | €1.7m | €1.5m | €1.5m | ▼ 1.8% |
| Amounts payable after more than one year17 | €0.04m | €0.3m | €0.3m | €1.0m | €1.4m | €1.4m | ▼ 1.9% |
| Financial debts170/4 | - | €0.3m | €0.3m | €1.0m | €1.4m | €1.4m | ▼ 1.9% |
| Amounts payable within one year42/48 | €0.04m | €0.2m | €0.2m | €0.7m | €0.04m | €0.04m | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | - | €0.05m | €0.02m | €0.03m | €0.04m | €0.04m | ▲ 3.0% |
| Financial debts43 | - | - | - | €0.3m | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0.3m | €0 | - | - |
| Trade debts44 | €348 | €0.002m | €0.002m | €0.02m | €0.001m | €13 | ▼ 98.1% |
| Suppliers440/4 | - | €0.002m | €0.002m | €0.02m | €0.001m | €13 | ▼ 98.1% |
| Taxes, remuneration and social security45 | - | €0.006m | €0.005m | €0 | €295 | €0 | ▼ 100% |
| Taxes450/3 | - | €0.006m | €0.005m | €0 | €295 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €0.1m | €0.1m | €0.4m | €0 | €0.001m | - |
| Accrued charges and deferred income492/3 | - | €48 | €0 | - | €0.02m | €0.01m | ▼ 9.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,204 | -€3,847 | -€8,890 | -€71,846 | -€87,847 | €14,129 | - |
| + Depreciation and write-downs630 | €43,305 | €38,514 | €46,476 | €86,857 | €74,279 | €85,000 | ▲ 14.4% |
| Operating cash flow (approximation) | €38,101 | €34,667 | €37,586 | €15,011 | -€13,567 | €99,129 | - |
| Investment in fixed assets (approximation) | - | -€429,656 | -€18,150 | -€916,968 | -€67,419 | -€25,353 | ▲ 62.4% |
| Change in cash | - | - | -€6,486 | €29,054 | €14,239 | €7,813 | ▼ 45.1% |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-03-2026 | 2026-00054354 | |
| 31-12-2024 | abbreviated format | 31-03-2025 | 2025-00058028 | |
| 31-12-2023 | abbreviated format | 23-05-2024 | 2024-00093473 | |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00139005 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20098644 | |
| 31-12-2020 | abbreviated format | 16-08-2021 | 2021-48500353 |