Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 05-06-2026 PDF all 2 filings
Equity
€13.1m▼ 0.7%
2024 · €13.2m
Net result
-€251,362▲ 7.9%
2024 · -€272,975
Total assets
€16.7m▲ 0.8%
2024 · €16.5m
Solvency
78.7%▼ 1.2pp
2024 · 79.9%
In the rankings
#2 company by total assets in Kluisbergen, Finance and insurance sector#2 company by equity in Kluisbergen, Finance and insurance sector
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€14,623
2025
20242025
Net result
-€251,362
▲ 7.9%
2025
lowest quarter of the sector
20242025
Equity
€13.1m
▼ 0.7%
2025
highest quarter of the sector
20242025
Total assets
€16.7m
▲ 0.8%
2025
highest quarter of the sector
20242025
Debt
€3.5m
▲ 6.7%
2025
20242025
Working capital
-€302,303
▲ 6.2%
2025
lowest quarter of the sector
20242025
Solvency
78.7%
▼ 1.2pp
2025
highest quarter of the sector
20242025
Current ratio
0.52
=
2025
middle half of the sector
20242025
Return on assets (ROA)
-1.5%
▲ 0.1pp
2025
lowest quarter of the sector
20242025
Staff (FTE)
0
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€0.1m-€0.01m
Net result-€0.3mbelow the sector's middle half--€0.3mbelow the sector's middle half▲ 7.9%
Equity€13.2mabove the sector's middle half-€13.1mabove the sector's middle half▼ 0.7%
Total assets€16.5mabove the sector's middle half-€16.7mabove the sector's middle half▲ 0.8%
Debt€3.3m-€3.5m▲ 6.7%
Working capital-€0.3mbelow the sector's middle half--€0.3mbelow the sector's middle half▲ 6.2%
Solvency79.9%above the sector's middle half-78.7%above the sector's middle half▼ 1.2pp
Current ratio0.52within the sector's middle half-0.52within the sector's middle half=
Return on assets (ROA)-1.6%below the sector's middle half--1.5%below the sector's middle half▲ 0.1pp
Staff (FTE)0within the sector's middle half-0within 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 2025 is a profit of €14,623, after a loss of €115,990 in 2024.
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
2025 in colour, 2024 as the grey bar beneath
Assets €16.7m
Fixed assets
€16.4m ▲ 1.0%
Current assets
€321,024 ▼ 6.6%
Equity and liabilities €16.7m
Equity
€13.1m ▼ 0.7%
Debt
€3.5m ▲ 6.7%
Debt's share of the balance-sheet total rises from 20.1% to 21.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-1.9%▲
2024 · -2.1%
Debt ≤ 1 year
€623,327▼
2024 · €666,084
Debt > 1 year
€2.7m▲
2024 · €2.5m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | - | €6,000 |
| Financial fixed assets | €16.2m | €150,000 |
| Depreciation and write-downs of the year | €4,168 | €608 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,168 | €608 | ▼ 85.4% |
| Other operating charges640/8 | €537 | €487 | ▼ 9.3% |
| Gross operating margin9900 | -€111,285 | €15,718 | - |
| Operating profit (loss)9901 | -€115,990 | €14,623 | - |
| Financial charges65/66B | €156,985 | €265,985 | ▲ 69.4% |
| Recurring financial charges65 | €156,985 | €265,985 | ▲ 69.4% |
| Profit (loss) for the period before taxes9903 | -€272,975 | -€251,362 | ▲ 7.9% |
| Profit (loss) for the period9904 | -€272,975 | -€251,362 | ▲ 7.9% |
| Profit (loss) for the period to be appropriated9905 | -€272,975 | -€251,362 | ▲ 7.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €16.5m | €16.7m | ▲ 0.8% |
| Fixed assets21/28 | €16.2m | €16.4m | ▲ 1.0% |
| Intangible fixed assets21 | - | €0.005m | - |
| Financial fixed assets28 | €16.2m | €16.4m | ▲ 0.9% |
| Current assets29/58 | €0.3m | €0.3m | ▼ 6.6% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | ▼ 24.8% |
| Trade receivables40 | €0.3m | €0.2m | ▼ 25.4% |
| Other amounts receivable41 | €58 | €0.002m | ▲ 31× |
| Cash at bank and in hand54/58 | €0.04m | €0.09m | ▲ 141% |
| Deferred charges and accrued income490/1 | - | €0.002m | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €16.5m | €16.7m | ▲ 0.8% |
| Equity10/15 | €13.2m | €13.1m | ▼ 0.7% |
| Contributions10/11 | €13.5m | €13.7m | ▲ 1.2% |
| Profit (loss) carried forward14 | -€0.3m | -€0.5m | ▼ 92.1% |
| Amounts payable17/49 | €3.3m | €3.5m | ▲ 6.7% |
| Amounts payable after more than one year17 | €2.5m | €2.7m | ▲ 6.3% |
| Financial debts170/4 | €2.5m | €2.7m | ▲ 6.3% |
| Amounts payable within one year42/48 | €0.7m | €0.6m | ▼ 6.4% |
| Trade debts44 | €0.3m | €0.2m | ▼ 11.7% |
| Suppliers440/4 | €0.3m | €0.2m | ▼ 11.7% |
| Other amounts payable47/48 | €0.4m | €0.4m | ▼ 2.6% |
| Accrued charges and deferred income492/3 | €0.2m | €0.3m | ▲ 69.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€272,975 | -€251,362 | ▲ 7.9% |
| + Depreciation and write-downs630 | €4,168 | €608 | ▼ 85.4% |
| Operating cash flow (approximation) | -€268,807 | -€250,754 | ▲ 6.7% |
| Investment in fixed assets (approximation) | - | -€156,000 | - |
| Change in cash | - | €51,355 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.