Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 28 filings
Equity
€181,857▲ 5.1%
2024 · €173,000
Net result
€8,857▼ 95.0%
2024 · €177,033
Total assets
€249,304▼ 2.3%
2024 · €255,099
Solvency
72.9%▲ 5.1pp
2024 · 67.8%
In the rankings
#7 oldest company in Tienen, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€12,655
▼ 49.2%
2025
20182025
Net result
€8,857
▼ 95.0%
2025
middle half of the sector
20182025
Equity
€181,857
▲ 5.1%
2025
middle half of the sector
20182025
Total assets
€249,304
▼ 2.3%
2025
middle half of the sector
20182025
Debt
€67,447
▼ 17.8%
2025
20182025
Working capital
€173,029
▲ 6.0%
2025
highest quarter of the sector
20182025
Solvency
72.9%
▲ 5.1pp
2025
middle half of the sector
20182025
Current ratio
4.02
▲ 0.28
2025
middle half of the sector
20182025
Return on assets (ROA)
3.6%
▼ 65.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€23,541-€24,644▲ 4.7%€21,248▼ 13.8%€19,538▼ 8.1%€12,257▼ 37.3%-€1,956€24,926€12,655▼ 49.2%
Net result€11,295-€11,839▲ 4.8%€10,400within the sector's middle half▼ 12.2%€7,356within the sector's middle half▼ 29.3%€4,436within the sector's middle half▼ 39.7%-€8,507below the sector's middle half€177,033above the sector's middle half€8,857within the sector's middle half▼ 95.0%
Equity-€29,556--€17,718▲ 40.1%-€7,318below the sector's middle half▲ 58.7%€38below the sector's middle half€4,474below the sector's middle half▲ 118×-€4,033below the sector's middle half€173,000within the sector's middle half€181,857within the sector's middle half▲ 5.1%
Total assets€75,716-€70,134▼ 7.4%€71,978below the sector's middle half▲ 2.6%€75,100below the sector's middle half▲ 4.3%€96,968below the sector's middle half▲ 29.1%€81,211below the sector's middle half▼ 16.2%€255,099within the sector's middle half▲ 214%€249,304within the sector's middle half▼ 2.3%
Debt€105,273-€87,851▼ 16.5%€79,296▼ 9.7%€75,062▼ 5.3%€92,494▲ 23.2%€85,244▼ 7.8%€82,099▼ 3.7%€67,447▼ 17.8%
Working capital-€2,266--€1,089▲ 51.9%€566within the sector's middle half-€1,379within the sector's middle half-€17,428below the sector's middle half▼ 1,164%-€27,943below the sector's middle half▼ 60.3%€163,169within the sector's middle half€173,029above the sector's middle half▲ 6.0%
Solvency-39.0%--25.3%▲ 13.8pp-10.2%below the sector's middle half▲ 15.1pp0.1%below the sector's middle half▲ 10.2pp4.6%below the sector's middle half▲ 4.6pp-5.0%below the sector's middle half▼ 9.6pp67.8%within the sector's middle half▲ 72.8pp72.9%within the sector's middle half▲ 5.1pp
Current ratio0.96-0.98▲ 0.021.01within the sector's middle half▲ 0.040.97within the sector's middle half▼ 0.040.65below the sector's middle half▼ 0.330.55below the sector's middle half▼ 0.103.75within the sector's middle half▲ 3.204.02within the sector's middle half▲ 0.28
Return on assets (ROA)14.9%-16.9%▲ 2.0pp14.4%within the sector's middle half▼ 2.4pp9.8%within the sector's middle half▼ 4.7pp4.6%within the sector's middle half▼ 5.2pp-10.5%below the sector's middle half▼ 15.0pp69.4%above the sector's middle half▲ 79.9pp3.6%within the sector's middle half▼ 65.8pp
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 49% lower than in 2024.
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 €249,304
Fixed assets
€19,006 ▼ 41.5%
Current assets
€230,298 ▲ 3.5%
Equity and liabilities €249,304
Equity
€181,857 ▲ 5.1%
Debt
€67,447 ▼ 17.8%
Debt's share of the balance-sheet total falls from 32.2% to 27.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.9%▼
2024 · 102.3%
Debt ≤ 1 year
€57,269▼
2024 · €59,436
Debt > 1 year
€10,179▼
2024 · €22,663
Income taxes
€8,671▼
2024 · €22,375
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €44,990 | - | €7,088 | - |
| Depreciation and write-downs of the year | €1,167 | €4,065 | €15,512 | €16,257 | €13,488 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,187 | €2,154 | €1,659 | €1,167 | €4,065 | €15,512 | €16,257 | €13,488 | ▼ 17.0% |
| Other operating charges640/8 | - | - | - | €518 | €529 | €448 | €451 | €1,453 | ▲ 222% |
| Gross operating margin9900 | €26,379 | €27,217 | €23,628 | €21,223 | €16,851 | €14,004 | €41,634 | €27,595 | ▼ 33.7% |
| Operating profit (loss)9901 | €23,541 | €24,644 | €21,248 | €19,538 | €12,257 | -€1,956 | €24,926 | €12,655 | ▼ 49.2% |
| Financial income75/76B | - | - | - | €1,181 | €1,488 | €500 | €180,009 | €9,540 | ▼ 94.7% |
| Recurring financial income75 | €2,164 | €1,774 | €1,593 | €1,181 | €1,488 | €0 | €180,009 | €9,540 | ▼ 94.7% |
| Non-recurring financial income76B | - | - | - | - | - | €500 | €180,009 | - | - |
| Financial charges65/66B | - | - | - | €5,102 | €5,103 | €5,501 | €5,528 | €4,667 | ▼ 15.6% |
| Recurring financial charges65 | €7,043 | €6,790 | €5,214 | €5,102 | €5,103 | €5,501 | €5,528 | €4,667 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €18,662 | €19,627 | €17,627 | €15,616 | €8,642 | -€6,957 | €199,408 | €17,527 | ▼ 91.2% |
| Income taxes67/77 | €7,367 | €7,788 | €7,227 | €8,260 | €4,205 | €1,550 | €22,375 | €8,671 | ▼ 61.2% |
| Profit (loss) for the period9904 | €11,295 | €11,839 | €10,400 | €7,356 | €4,436 | -€8,507 | €177,033 | €8,857 | ▼ 95.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €10,693 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €11,295 | €11,839 | €10,400 | €18,049 | €4,436 | -€8,507 | €177,033 | €8,857 | ▼ 95.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €75,716 | €70,134 | €71,978 | €75,100 | €96,968 | €81,211 | €255,099 | €249,304 | ▼ 2.3% |
| Fixed assets21/28 | €25,476 | €26,823 | €25,164 | €23,997 | €64,922 | €47,663 | €32,495 | €19,006 | ▼ 41.5% |
| Intangible fixed assets21 | €1,479 | €492 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €2,333 | €1,167 | - | €40,925 | €25,413 | €16,245 | €2,756 | ▼ 83.0% |
| Plant, machinery and equipment23 | - | - | - | - | €1,866 | €321 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €39,059 | €25,092 | €16,245 | €2,756 | ▼ 83.0% |
| Financial fixed assets28 | €23,997 | €23,997 | €23,997 | €23,997 | €23,997 | €22,250 | €16,250 | €16,250 | = |
| Current assets29/58 | €50,240 | €43,311 | €46,815 | €51,103 | €32,046 | €33,548 | €222,604 | €230,298 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €50,005 | €42,626 | €46,128 | €50,380 | €31,334 | €31,041 | €222,025 | €225,287 | ▲ 1.5% |
| Trade receivables40 | - | - | - | - | - | - | €6,200 | - | - |
| Other amounts receivable41 | - | - | - | €50,380 | €31,334 | €31,041 | €215,825 | €225,287 | ▲ 4.4% |
| Cash at bank and in hand54/58 | - | €101 | €26 | €89 | €109 | €2,237 | €579 | €5,011 | ▲ 765% |
| Deferred charges and accrued income490/1 | - | - | - | €635 | €603 | €270 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €75,716 | €70,134 | €71,978 | €75,100 | €96,968 | €81,211 | €255,099 | €249,304 | ▼ 2.3% |
| Equity10/15 | -€29,556 | -€17,718 | -€7,318 | €38 | €4,474 | -€4,033 | €173,000 | €181,857 | ▲ 5.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €11,293 | €11,293 | €11,293 | €600 | €600 | €600 | €160,600 | €169,457 | ▲ 5.5% |
| Non-distributable reserves130/1 | - | - | - | €600 | €600 | €600 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €600 | €600 | €600 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €160,600 | €169,457 | ▲ 5.5% |
| Profit (loss) carried forward14 | -€53,250 | -€41,411 | -€31,011 | -€12,962 | -€8,526 | -€17,033 | - | - | - |
| Amounts payable17/49 | €105,273 | €87,851 | €79,296 | €75,062 | €92,494 | €85,244 | €82,099 | €67,447 | ▼ 17.8% |
| Amounts payable after more than one year17 | €52,467 | €43,001 | €33,048 | €22,580 | €43,020 | €23,753 | €22,663 | €10,179 | ▼ 55.1% |
| Financial debts170/4 | - | - | - | €22,580 | €43,020 | €23,753 | €19,881 | €10,179 | ▼ 48.8% |
| Other amounts payable178/9 | - | - | - | - | - | - | €2,782 | - | - |
| Amounts payable within one year42/48 | €52,506 | €44,400 | €46,248 | €52,482 | €49,474 | €61,491 | €59,436 | €57,269 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,967 | €18,366 | €24,267 | €9,282 | €9,703 | ▲ 4.5% |
| Financial debts43 | - | - | - | €27,862 | €28,242 | €28,412 | €33,854 | €35,405 | ▲ 4.6% |
| Credit institutions430/8 | - | - | - | €27,862 | €28,242 | €28,412 | €28,854 | €26,405 | ▼ 8.5% |
| Other loans439 | - | - | - | - | - | - | €5,000 | €9,000 | ▲ 80.0% |
| Trade debts44 | €459 | €121 | €557 | €2,615 | - | - | - | - | - |
| Suppliers440/4 | - | - | - | €2,615 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,037 | €2,866 | €300 | €16,300 | €12,161 | ▼ 25.4% |
| Taxes450/3 | - | - | - | €4,037 | €2,866 | €300 | €16,300 | €12,161 | ▼ 25.4% |
| Other amounts payable47/48 | - | - | - | - | - | €8,512 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,295 | €11,839 | €10,400 | €7,356 | €4,436 | -€8,507 | €177,033 | €8,857 | ▼ 95.0% |
| + Depreciation and write-downs630 | €2,187 | €2,154 | €1,659 | €1,167 | €4,065 | €15,512 | €16,257 | €13,488 | ▼ 17.0% |
| Operating cash flow (approximation) | €13,482 | €13,992 | €12,059 | €8,523 | €8,501 | €7,005 | €193,289 | €22,345 | ▼ 88.4% |
| Investment in fixed assets (approximation) | - | -€3,500 | €0 | €0 | -€44,990 | €1,747 | -€1,088 | €0 | - |
| Change in cash | - | - | -€75 | €63 | €20 | €2,128 | -€1,657 | €4,432 | - |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00356334 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00403504 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00244209 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00203158 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20183503 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32200481 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37700238 | |
| 31-12-2018 | abbreviated format | 19-08-2019 | 2019-47900144 | |
| 31-12-2017 | abbreviated format | 29-10-2018 | 2018-70800030 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-47800483 |