Financials · financial year 2026, micro format
Annual accounts 2026 filed on 25-08-2026 at the NBB all 7 filings
Equity
€5,000=
2025 · €5,000
Net result
€71,233▲ 15.4%
2025 · €61,750
Total assets
€95,417▲ 21.5%
2025 · €78,550
Solvency
5.2%▼ 1.1pp
2025 · 6.4%
Multi-year overview
2020 to 2026, 7 financial yearsOperating result
€96,835
▲ 13.4%
2026
20202026
Net result
€71,233
▲ 15.4%
2026
20202026
Equity
€5,000
=
2026
20202026
Total assets
€95,417
▲ 21.5%
2026
20202026
Debt
€90,417
▲ 22.9%
2026
20202026
Working capital
-€5,384
▼ 164%
2026
20202026
Solvency
5.2%
▼ 1.1pp
2026
20202026
Current ratio
0.94
▼ 0.03
2026
20202026
Return on assets (ROA)
74.7%
▼ 4.0pp
2026
20202026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023202420252026
Operating result-€12,752-€1,544€40,074▲ 26×€48,927▲ 22.1%€77,983▲ 59.4%€85,379▲ 9.5%€96,835▲ 13.4%
Net result-€12,877-€1,338below the sector's middle half€34,306within the sector's middle half▲ 26×€37,431within the sector's middle half▲ 9.1%€56,977within the sector's middle half▲ 52.2%€61,750within the sector's middle half▲ 8.4%€71,233▲ 15.4%
Equity-€7,877--€6,540below the sector's middle half▲ 17.0%€26,166below the sector's middle half€61,997within the sector's middle half▲ 137%€5,000below the sector's middle half▼ 91.9%€5,000below the sector's middle half=€5,000=
Total assets€44,260-€45,888below the sector's middle half▲ 3.7%€81,221below the sector's middle half▲ 77.0%€86,485below the sector's middle half▲ 6.5%€131,684within the sector's middle half▲ 52.3%€78,550below the sector's middle half▼ 40.3%€95,417▲ 21.5%
Debt€52,138-€52,428▲ 0.6%€55,055▲ 5.0%€24,489▼ 55.5%€126,684▲ 417%€73,550▼ 41.9%€90,417▲ 22.9%
Working capital-€47,905--€41,497below the sector's middle half▲ 13.4%-€6,519within the sector's middle half▲ 84.3%€39,689within the sector's middle half-€5,811within the sector's middle half-€2,042within the sector's middle half▲ 64.9%-€5,384▼ 164%
Solvency-17.8%--14.3%below the sector's middle half▲ 3.5pp32.2%within the sector's middle half▲ 46.5pp71.7%within the sector's middle half▲ 39.5pp3.8%below the sector's middle half▼ 67.9pp6.4%below the sector's middle half▲ 2.6pp5.2%▼ 1.1pp
Current ratio0.08-0.21below the sector's middle half▲ 0.130.88within the sector's middle half▲ 0.672.62within the sector's middle half▲ 1.740.95within the sector's middle half▼ 1.670.97within the sector's middle half▲ 0.020.94▼ 0.03
Return on assets (ROA)-29.1%-2.9%within the sector's middle half▲ 32.0pp42.2%above the sector's middle half▲ 39.3pp43.3%above the sector's middle half▲ 1.0pp43.3%above the sector's middle half=78.6%above the sector's middle half▲ 35.3pp74.7%▼ 4.0pp
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 13% higher than in 2025 and the highest since 2022. It is the fourth rise in a row.
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
2026 in colour, 2025 as the grey bar beneath
Assets €95,417
Fixed assets
€10,384 ▲ 47.5%
Current assets
€85,033 ▲ 18.9%
Equity and liabilities €95,417
Equity
€5,000 =
Debt
€90,417 ▲ 22.9%
Debt's share of the balance-sheet total rises from 93.6% to 94.8%. Debt is higher.
Key figures and ratios
Debt ≤ 1 year
€90,417▲
2025 · €73,550
Income taxes
€25,546▲
2025 · €22,022
A ratio outside any meaningful range has been withheld (balance sheet total €95,417, equity €5,000).
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 | €8,806 | €1,800 | - | - | €5,625 |
| Depreciation and write-downs of the year | €10,650 | €12,604 | €11,497 | €3,770 | €2,283 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €509 awarded · €509 paidAnnual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,968 | €10,220 | €10,650 | €12,604 | €11,497 | €3,770 | €2,283 | ▼ 39.4% |
| Other operating charges640/8 | - | - | €625 | €688 | €861 | €1,255 | €793 | ▼ 36.8% |
| Non-recurring operating charges66A | - | - | €234 | €107 | €0 | - | - | - |
| Gross operating margin9900 | -€3,436 | €12,241 | €51,583 | €62,326 | €90,340 | €90,404 | €99,911 | ▲ 10.5% |
| Operating profit (loss)9901 | -€12,752 | €1,544 | €40,074 | €48,927 | €77,983 | €85,379 | €96,835 | ▲ 13.4% |
| Financial income75/76B | - | - | - | - | €25 | €188 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | - | €25 | €188 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €134 | €757 | €397 | €1,796 | €55 | ▼ 96.9% |
| Recurring financial charges65 | €16 | €77 | €134 | €757 | €397 | €1,796 | €55 | ▼ 96.9% |
| Profit (loss) for the period before taxes9903 | -€12,768 | €1,467 | €39,940 | €48,170 | €77,610 | €83,772 | €96,780 | ▲ 15.5% |
| Income taxes67/77 | €110 | €130 | €5,634 | €10,739 | €20,633 | €22,022 | €25,546 | ▲ 16.0% |
| Profit (loss) for the period9904 | -€12,877 | €1,338 | €34,306 | €37,431 | €56,977 | €61,750 | €71,233 | ▲ 15.4% |
| Profit (loss) for the period to be appropriated9905 | -€12,877 | €1,338 | €34,306 | €37,431 | €56,977 | €61,750 | €71,233 | ▲ 15.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €44,260 | €45,888 | €81,221 | €86,485 | €131,684 | €78,550 | €95,417 | ▲ 21.5% |
| Formation expenses20 | €669 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €39,359 | €34,957 | €33,113 | €22,308 | €10,811 | €7,042 | €10,384 | ▲ 47.5% |
| Tangible fixed assets22/27 | €39,359 | €34,957 | €33,113 | €22,308 | €10,811 | €7,042 | €10,384 | ▲ 47.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €2,040 | - |
| Furniture and vehicles24 | - | - | €21,279 | €13,126 | €2,905 | €411 | €2,989 | ▲ 627% |
| Other tangible fixed assets26 | - | - | €11,833 | €9,183 | €7,907 | €6,631 | €5,355 | ▼ 19.2% |
| Current assets29/58 | €4,233 | €10,931 | €48,108 | €64,177 | €120,873 | €71,509 | €85,033 | ▲ 18.9% |
| Amounts receivable within one year40/41 | €2,233 | €8,482 | €21,187 | €13,364 | €16,853 | €39,306 | €16,325 | ▼ 58.5% |
| Trade receivables40 | - | - | €21,175 | €13,102 | €14,520 | €15,114 | €15,321 | ▲ 1.4% |
| Other amounts receivable41 | - | - | €12 | €262 | €2,333 | €24,192 | €1,004 | ▼ 95.8% |
| Cash at bank and in hand54/58 | €2,000 | €2,449 | €26,096 | €49,639 | €102,554 | €30,237 | €67,354 | ▲ 123% |
| Deferred charges and accrued income490/1 | - | - | €826 | €1,174 | €1,466 | €1,966 | €1,355 | ▼ 31.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €44,260 | €45,888 | €81,221 | €86,485 | €131,684 | €78,550 | €95,417 | ▲ 21.5% |
| Equity10/15 | -€7,877 | -€6,540 | €26,166 | €61,997 | €5,000 | €5,000 | €5,000 | = |
| Contributions10/11 | - | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | €21,166 | €56,997 | €0 | - | - | - |
| Distributable reserves133 | - | - | €21,166 | €56,997 | €0 | - | - | - |
| Profit (loss) carried forward14 | -€12,877 | -€11,540 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €52,138 | €52,428 | €55,055 | €24,489 | €126,684 | €73,550 | €90,417 | ▲ 22.9% |
| Amounts payable within one year42/48 | €52,138 | €52,428 | €54,627 | €24,489 | €126,684 | €73,550 | €90,417 | ▲ 22.9% |
| Trade debts44 | €15 | €1,261 | €476 | €2,851 | €2,125 | €1,082 | €4,837 | ▲ 347% |
| Suppliers440/4 | - | - | €476 | €2,851 | €2,125 | €1,082 | €4,837 | ▲ 347% |
| Taxes, remuneration and social security45 | - | - | €21,315 | €10,919 | €10,342 | €9,500 | €8,790 | ▼ 7.5% |
| Taxes450/3 | - | - | €21,315 | €8,744 | €10,342 | €8,250 | €7,540 | ▼ 8.6% |
| Remuneration and social security454/9 | - | - | €0 | €2,175 | €0 | €1,250 | €1,250 | = |
| Other amounts payable47/48 | - | - | €32,836 | €10,718 | €114,217 | €62,969 | €76,790 | ▲ 21.9% |
| Accrued charges and deferred income492/3 | - | - | €428 | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,877 | €1,338 | €34,306 | €37,431 | €56,977 | €61,750 | €71,233 | ▲ 15.4% |
| + Depreciation and write-downs630 | €8,968 | €10,220 | €10,650 | €12,604 | €11,497 | €3,770 | €2,283 | ▼ 39.4% |
| Operating cash flow (approximation) | -€3,909 | €11,557 | €44,956 | €50,035 | €68,474 | €65,520 | €73,516 | ▲ 12.2% |
| Investment in fixed assets (approximation) | - | -€5,818 | -€8,806 | -€1,800 | €0 | €0 | -€5,625 | - |
| Change in cash | - | €449 | €23,646 | €23,544 | €52,915 | -€72,317 | €37,116 | - |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 25-08-2026 | 2026-00438247 | |
| 30-06-2025 | micro format | 17-09-2025 | 2025-00496779 | |
| 30-06-2024 | micro format | 05-09-2024 | 2024-00455831 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00021175 | |
| 30-06-2022 | micro format | 28-11-2022 | 2022-20527978 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02700215 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02700150 |