Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 02-09-2026 at the NBB all 8 filings
Equity
€17,554▲ 10.2%
2025 · €15,931
Net result
€1,624
2025 · -€1,098
Total assets
€38,662▼ 73.8%
2025 · €147,589
Solvency
45.4%▲ 34.6pp
2025 · 10.8%
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€1,800
2026
20192026
Net result
€1,624
2026
20192026
Equity
€17,554
▲ 10.2%
2026
20192026
Total assets
€38,662
▼ 73.8%
2026
20192026
Debt
€21,108
▼ 84.0%
2026
20192026
Working capital
-€6,887
▲ 47.7%
2026
20192026
Solvency
45.4%
▲ 34.6pp
2026
20192026
Current ratio
0.67
▼ 0.23
2026
20192026
Return on assets (ROA)
4.2%
▲ 4.9pp
2026
20192026
Staff (FTE)
0
▼ 100%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€2,005--€1,578▲ 21.3%€636-€3,240€3,540€3,218▼ 9.1%-€997€1,800
Net result-€1,989--€1,604▲ 19.4%€606below the sector's middle half-€3,273below the sector's middle half€3,506below the sector's middle half€3,183below the sector's middle half▼ 9.2%-€1,098below the sector's middle half€1,624
Equity€14,611-€13,007▼ 11.0%€13,612below the sector's middle half▲ 4.7%€10,339below the sector's middle half▼ 24.0%€13,846below the sector's middle half▲ 33.9%€17,029below the sector's middle half▲ 23.0%€15,931below the sector's middle half▼ 6.4%€17,554▲ 10.2%
Total assets€16,200-€16,186▼ 0.1%€18,491below the sector's middle half▲ 14.2%€17,219below the sector's middle half▼ 6.9%€17,725below the sector's middle half▲ 2.9%€52,158below the sector's middle half▲ 194%€147,589below the sector's middle half▲ 183%€38,662▼ 73.8%
Debt€1,590-€3,179▲ 100%€4,879▲ 53.5%€6,879▲ 41.0%€3,879▼ 43.6%€35,129▲ 806%€131,659▲ 275%€21,108▼ 84.0%
Working capital-€1,053--€2,657▼ 152%-€2,051within the sector's middle half▲ 22.8%-€5,324within the sector's middle half▼ 160%-€1,818within the sector's middle half▲ 65.9%-€13,813within the sector's middle half▼ 660%-€13,174within the sector's middle half▲ 4.6%-€6,887▲ 47.7%
Solvency90.2%-80.4%▼ 9.8pp73.6%above the sector's middle half▼ 6.7pp60.0%within the sector's middle half▼ 13.6pp78.1%above the sector's middle half▲ 18.1pp32.6%within the sector's middle half▼ 45.5pp10.8%below the sector's middle half▼ 21.9pp45.4%▲ 34.6pp
Current ratio0.34-0.16▼ 0.170.58below the sector's middle half▲ 0.420.23below the sector's middle half▼ 0.350.53below the sector's middle half▲ 0.310.61below the sector's middle half▲ 0.080.90within the sector's middle half▲ 0.290.67▼ 0.23
Return on assets (ROA)-12.3%--9.9%▲ 2.4pp3.3%within the sector's middle half▲ 13.2pp-19.0%below the sector's middle half▼ 22.3pp19.8%above the sector's middle half▲ 38.8pp6.1%within the sector's middle half▼ 13.7pp-0.7%below the sector's middle half▼ 6.8pp4.2%▲ 4.9pp
Staff (FTE)0.4below the sector's middle half0▼ 100%
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 2026 is a profit of €1,800, after a loss of €997 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 €38,662
Fixed assets
€24,442 ▼ 16.0%
Current assets
€14,221 ▼ 88.0%
Equity and liabilities €38,662
Equity
€17,554 ▲ 10.2%
Debt
€21,108 ▼ 84.0%
Debt's share of the balance-sheet total falls from 89.2% to 54.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.2%▲
2025 · -6.9%
Debt ≤ 1 year
€21,108▼
2025 · €131,659
Income taxes
€79
Staff costs
€0▼
2025 · €27,696
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2025 |
|---|---|
| Average over the year, in full-time equivalents | 0.4 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,102 | - |
| Intangible fixed assets | - | - | €16,000 | - | - |
| Depreciation and write-downs of the year | - | - | €822 | €3,839 | €3,200 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €27,696 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | €822 | €3,839 | €3,200 | ▼ 16.7% |
| Other operating charges640/8 | - | - | - | €1,027 | €545 | €601 | €718 | €1,112 | ▲ 54.8% |
| Gross operating margin9900 | -€1,459 | -€1,223 | €977 | -€2,213 | €4,086 | €4,641 | €31,257 | €6,112 | ▼ 80.4% |
| Operating profit (loss)9901 | -€2,005 | -€1,578 | €636 | -€3,240 | €3,540 | €3,218 | -€997 | €1,800 | - |
| Financial income75/76B | - | - | - | - | - | €0 | €0 | - | - |
| Recurring financial income75 | €55 | €0 | - | - | - | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €32 | €34 | €35 | €101 | €97 | ▼ 4.3% |
| Recurring financial charges65 | €39 | €26 | €30 | €32 | €34 | €35 | €101 | €97 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | -€1,989 | -€1,604 | €606 | -€3,273 | €3,506 | €3,183 | -€1,098 | €1,703 | - |
| Income taxes67/77 | €0 | - | - | - | - | - | - | €79 | - |
| Profit (loss) for the period9904 | -€1,989 | -€1,604 | €606 | -€3,273 | €3,506 | €3,183 | -€1,098 | €1,624 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,989 | -€1,604 | €606 | -€3,273 | €3,506 | €3,183 | -€1,098 | €1,624 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,200 | €16,186 | €18,491 | €17,219 | €17,725 | €52,158 | €147,589 | €38,662 | ▼ 73.8% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €15,663 | €15,663 | €15,663 | €15,663 | €15,663 | €30,842 | €29,105 | €24,442 | ▼ 16.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | €15,178 | €11,978 | €8,778 | ▼ 26.7% |
| Tangible fixed assets22/27 | €15,663 | €15,663 | €15,663 | €15,663 | €15,663 | €15,663 | €17,126 | €15,663 | ▼ 8.5% |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,463 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | €15,663 | €15,663 | €15,663 | €15,663 | €15,663 | = |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €537 | €523 | €2,828 | €1,555 | €2,062 | €21,316 | €118,485 | €14,221 | ▼ 88.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €126 | €377 | €161 | €876 | €86 | €15,605 | €116,595 | €9,128 | ▼ 92.2% |
| Trade receivables40 | - | - | - | - | - | €15,000 | €111,000 | €7,500 | ▼ 93.2% |
| Other amounts receivable41 | - | - | - | €876 | €86 | €605 | €5,595 | €1,628 | ▼ 70.9% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €411 | €146 | €2,667 | €679 | €1,975 | €5,712 | €1,890 | €3,331 | ▲ 76.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €1,761 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,200 | €16,186 | €18,491 | €17,219 | €17,725 | €52,158 | €147,589 | €38,662 | ▼ 73.8% |
| Equity10/15 | €14,611 | €13,007 | €13,612 | €10,339 | €13,846 | €17,029 | €15,931 | €17,554 | ▲ 10.2% |
| Contributions10/11 | €16,600 | €0 | - | €16,600 | €16,600 | €16,600 | €16,600 | €16,600 | = |
| Reserves13 | €0 | - | - | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€1,989 | -€3,593 | -€2,988 | -€6,261 | -€2,754 | €429 | -€669 | €954 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €1,590 | €3,179 | €4,879 | €6,879 | €3,879 | €35,129 | €131,659 | €21,108 | ▼ 84.0% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1,590 | €3,179 | €4,879 | €6,879 | €3,879 | €35,129 | €131,659 | €21,108 | ▼ 84.0% |
| Trade debts44 | €0 | - | - | - | - | €1,750 | €1,194 | €5,029 | ▲ 321% |
| Suppliers440/4 | - | - | - | - | - | €1,750 | €1,194 | €5,029 | ▲ 321% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €79 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €79 | - |
| Other amounts payable47/48 | - | - | - | €6,879 | €3,879 | €33,379 | €130,465 | €16,000 | ▼ 87.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,989 | -€1,604 | €606 | -€3,273 | €3,506 | €3,183 | -€1,098 | €1,624 | - |
| + Depreciation and write-downs630 | €0 | - | - | - | - | €822 | €3,839 | €3,200 | ▼ 16.7% |
| Operating cash flow (approximation) | -€1,989 | -€1,604 | €606 | -€3,273 | €3,506 | €4,005 | €2,741 | €4,824 | ▲ 76.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€16,000 | -€2,102 | €1,463 | - |
| Change in cash | - | -€265 | €2,521 | -€1,988 | €1,296 | €3,737 | -€3,822 | €1,442 | - |
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 (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 02-09-2026 | 2026-00498947 | |
| 31-03-2025 | abbreviated format | 11-09-2025 | 2025-00490647 | |
| 31-03-2024 | abbreviated format | 11-09-2024 | 2024-00460040 | |
| 31-03-2023 | abbreviated format | 05-09-2023 | 2023-00440638 | |
| 31-03-2022 | abbreviated format | 08-09-2022 | 2022-20426074 | |
| 31-03-2021 | abbreviated format | 15-09-2021 | 2021-67300405 | |
| 31-03-2020 | abbreviated format | 26-10-2020 | 2020-63400243 | |
| 31-03-2019 | abbreviated format | 05-09-2019 | 2019-63400392 |