Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 13-10-2026 at the NBB all 27 filings
Equity
€39.8m▼ 1.4%
2025 · €40.3m
Net result
-€550,220▲ 4.7%
2025 · -€577,533
Total assets
€40.0m▼ 1.5%
2025 · €40.6m
Solvency
99.4%▲ 0.1pp
2025 · 99.2%
In the rankings
#7 company by equity in Beveren-Kruibeke-Zwijndrecht, Finance and insurance sector#10 company by total assets in Beveren-Kruibeke-Zwijndrecht, Finance and insurance sector
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€491,818
▲ 5.6%
2026
20192026
Net result
-€550,220
▲ 4.7%
2026
20192026
Equity
€39.8m
▼ 1.4%
2026
20192026
Total assets
€40.0m
▼ 1.5%
2026
20192026
Debt
€248,890
▼ 18.7%
2026
20192026
Working capital
€323,420
▲ 33.0%
2026
20192026
Solvency
99.4%
▲ 0.1pp
2026
20192026
Current ratio
2.30
▲ 0.51
2026
20192026
Return on assets (ROA)
-1.4%
=
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.2m--€0.5m-€0.5m▼ 5.3%-€0.3m▲ 38.9%-€0.3m▼ 4.8%-€0.2m▲ 32.8%-€0.5m▼ 132%-€0.5m▲ 5.6%
Net result€4.2m--€0.6m-€0.6mbelow the sector's middle half▲ 0.6%-€0.4mbelow the sector's middle half▲ 26.3%-€0.4mbelow the sector's middle half▼ 1.8%-€0.4mbelow the sector's middle half▲ 17.9%-€0.6mbelow the sector's middle half▼ 60.0%-€0.6m▲ 4.7%
Equity€43.3m-€42.7m▼ 1.4%€42.1mabove the sector's middle half▼ 1.4%€41.7mabove the sector's middle half▼ 1.0%€41.3mabove the sector's middle half▼ 1.1%€40.9mabove the sector's middle half▼ 0.9%€40.3mabove the sector's middle half▼ 1.4%€39.8m▼ 1.4%
Total assets€46.1m-€44.8m▼ 3.0%€43.2mabove the sector's middle half▼ 3.5%€42.3mabove the sector's middle half▼ 2.0%€41.8mabove the sector's middle half▼ 1.4%€41.3mabove the sector's middle half▼ 1.1%€40.6mabove the sector's middle half▼ 1.6%€40.0m▼ 1.5%
Debt€2.7m-€1.9m▼ 29.4%€0.9m▼ 50.6%€0.5m▼ 44.0%€0.4m▼ 29.3%€0.4m▼ 1.2%€0.3m▼ 17.3%€0.2m▼ 18.7%
Working capital-€0.8m--€0.7m▲ 7.7%-€0.6mbelow the sector's middle half▲ 13.9%-€0.4mbelow the sector's middle half▲ 41.8%-€0.1mwithin the sector's middle half▲ 70.1%€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 93.9%€0.3m▲ 33.0%
Solvency93.9%-95.5%▲ 1.6pp97.6%above the sector's middle half▲ 2.1pp98.5%above the sector's middle half▲ 0.9pp98.9%above the sector's middle half▲ 0.4pp99.1%above the sector's middle half▲ 0.2pp99.2%above the sector's middle half▲ 0.1pp99.4%▲ 0.1pp
Current ratio0.70-0.61▼ 0.090.32within the sector's middle half▼ 0.290.30below the sector's middle half▼ 0.030.70within the sector's middle half▲ 0.411.34within the sector's middle half▲ 0.641.79within the sector's middle half▲ 0.462.30▲ 0.51
Return on assets (ROA)9.2%--1.3%▼ 10.5pp-1.4%below the sector's middle half=-1.0%below the sector's middle half▲ 0.3pp-1.1%below the sector's middle half=-0.9%below the sector's middle half▲ 0.2pp-1.4%below the sector's middle half▼ 0.5pp-1.4%=
Staff (FTE)0within the sector's middle half0within the sector's middle half
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 2026 is a loss of €491,818, smaller than the loss of €520,940 in 2025.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €40.0m
Fixed assets
€39.5m ▼ 1.6%
Current assets
€572,309 ▲ 4.2%
Equity and liabilities €40.0m
Equity
€39.8m ▼ 1.4%
Debt
€248,890 ▼ 18.7%
Debt's share of the balance-sheet total falls from 0.8% to 0.6%. Equity and debt are lower.
Key figures and ratios
ROE
-1.4%▲
2025 · -1.4%
Debt ≤ 1 year
€248,890▼
2025 · €306,082
Income taxes
€50,223▲
2025 · €40,556
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,309 | - | - | - | €64,014 |
| Depreciation and write-downs of the year | €701,486 | €701,495 | €701,495 | €695,273 | €694,567 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.001m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.008m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 0.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | -€0.1m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 8.1% |
| Gross operating margin9900 | €0.3m | €0.2m | €0.2m | €0.4m | €0.4m | €0.4m | €0.2m | €0.2m | ▲ 16.1% |
| Operating profit (loss)9901 | €0.2m | -€0.5m | -€0.5m | -€0.3m | -€0.3m | -€0.2m | -€0.5m | -€0.5m | ▲ 5.6% |
| Financial income75/76B | - | - | - | €0.001m | €0.001m | €0.002m | €0.007m | €0.009m | ▲ 27.6% |
| Recurring financial income75 | €4.1m | €0.004m | €0.004m | €0.001m | €0.001m | €0.002m | €0.007m | €0.009m | ▲ 27.6% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 26.5% |
| Recurring financial charges65 | €0.07m | €0.05m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €4.3m | -€0.5m | -€0.5m | -€0.3m | -€0.4m | -€0.2m | -€0.5m | -€0.5m | ▲ 6.9% |
| Income taxes67/77 | €0.06m | €0.05m | €0.04m | €0.09m | €0.09m | €0.1m | €0.04m | €0.05m | ▲ 23.8% |
| Profit (loss) for the period9904 | €4.2m | -€0.6m | -€0.6m | -€0.4m | -€0.4m | -€0.4m | -€0.6m | -€0.6m | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €4.2m | -€0.6m | -€0.6m | -€0.4m | -€0.4m | -€0.4m | -€0.6m | -€0.6m | ▲ 4.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €46.1m | €44.8m | €43.2m | €42.3m | €41.8m | €41.3m | €40.6m | €40.0m | ▼ 1.5% |
| Fixed assets21/28 | €44.3m | €43.6m | €42.9m | €42.2m | €41.5m | €40.8m | €40.1m | €39.5m | ▼ 1.6% |
| Intangible fixed assets21 | €6.9m | €6.2m | €5.5m | €4.8m | €4.2m | €3.5m | €2.8m | €2.1m | ▼ 25.0% |
| Tangible fixed assets22/27 | €0.007m | €0.04m | €0.03m | €0.02m | €0.01m | €0.003m | €0 | €0.06m | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.003m | €0 | €0.06m | - |
| Financial fixed assets28 | €37.3m | €37.3m | €37.3m | €37.3m | €37.3m | €37.3m | €37.3m | €37.3m | = |
| Current assets29/58 | €1.9m | €1.2m | €0.3m | €0.2m | €0.3m | €0.5m | €0.5m | €0.6m | ▲ 4.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | = |
| Other amounts receivable291 | - | - | - | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | = |
| Amounts receivable within one year40/41 | €0.3m | €0.05m | €0.1m | €0.03m | €0.01m | €0.002m | €0.09m | €0.02m | ▼ 82.5% |
| Trade receivables40 | - | - | - | €0.02m | €0 | - | €0.02m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.002m | €0.06m | €0.02m | ▼ 76.5% |
| Current investments50/53 | - | - | - | - | - | €0.3m | €0.4m | €0.4m | ▲ 14.3% |
| Cash at bank and in hand54/58 | €1.0m | €0.5m | €0.1m | €0.07m | €0.2m | €0.2m | €0.07m | €0.1m | ▲ 60.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 10.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €46.1m | €44.8m | €43.2m | €42.3m | €41.8m | €41.3m | €40.6m | €40.0m | ▼ 1.5% |
| Equity10/15 | €43.3m | €42.7m | €42.1m | €41.7m | €41.3m | €40.9m | €40.3m | €39.8m | ▼ 1.4% |
| Contributions10/11 | €34.6m | - | - | €34.6m | €34.6m | €34.6m | €34.6m | €34.6m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €8.6m | €8.0m | €7.4m | €7.0m | €6.5m | €6.2m | €5.6m | €5.0m | ▼ 9.9% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0 | - | - | - |
| Environmental obligations163 | - | - | - | €0.1m | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.1m | €0 | - | - | - |
| Amounts payable17/49 | €2.7m | €1.9m | €0.9m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 18.7% |
| Amounts payable within one year42/48 | €2.7m | €1.9m | €0.9m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 18.7% |
| Trade debts44 | €0.001m | €77 | €0.002m | €0.004m | €0.001m | €113 | €344 | €162 | ▼ 52.9% |
| Suppliers440/4 | - | - | - | €0.004m | €0.001m | €113 | €344 | €162 | ▼ 52.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 22.9% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 22.9% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 18.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.2m | -€0.6m | -€0.6m | -€0.4m | -€0.4m | -€0.4m | -€0.6m | -€0.6m | ▲ 4.7% |
| + Depreciation and write-downs630 | €0.008m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 0.1% |
| Operating cash flow (approximation) | €4.2m | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | ▲ 22.6% |
| Investment in fixed assets (approximation) | - | -€0.05m | €0 | -€0.001m | €0 | €0 | €0 | -€0.06m | - |
| Change in cash | - | -€0.5m | -€0.4m | -€0.04m | €0.1m | €0.01m | -€0.1m | €0.04m | - |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | abbreviated format | 13-10-2026 | 2026-00557561 | |
| 30-06-2025 | abbreviated format | 28-10-2025 | 2025-00552950 | |
| 30-06-2024 | abbreviated format | 18-11-2024 | 2024-00601979 | |
| 30-06-2023 | abbreviated format | 18-12-2023 | 2023-00533027 | |
| 30-06-2022 | abbreviated format | 19-12-2022 | 2022-20541564 | |
| 30-06-2021 | abbreviated format | 20-12-2021 | 2021-80900282 | |
| 30-06-2020 | abbreviated format | 27-01-2021 | 2021-02600289 | |
| 30-06-2019 | abbreviated format | 29-01-2020 | 2020-03200490 | |
| 30-06-2018 | abbreviated format | 17-01-2019 | 2019-01700231 | |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-04000300 |