Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-04-2026 PDF all 8 filings
Equity
€2.4m▼ 2.5%
2024 · €2.5m
Net result
€84,350▼ 74.7%
2024 · €332,765
Total assets
€2.7m▲ 0.3%
2024 · €2.7m
Solvency
88.8%▼ 2.5pp
2024 · 91.4%
In the rankings
#6 company by equity in Gavere, Finance and insurance sector#7 company by total assets in Gavere, Finance and insurance sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€100,611
▼ 77.4%
2025
20192025
Net result
€84,350
▼ 74.7%
2025
middle half of the sector
20192025
Equity
€2.4m
▼ 2.5%
2025
highest quarter of the sector
20192025
Total assets
€2.7m
▲ 0.3%
2025
middle half of the sector
20192025
Debt
€303,002
▲ 29.9%
2025
20192025
Working capital
€2.1m
▼ 2.3%
2025
highest quarter of the sector
20192025
Solvency
88.8%
▼ 2.5pp
2025
highest quarter of the sector
20192025
Current ratio
8.01
▼ 2.31
2025
highest quarter of the sector
20192025
Return on assets (ROA)
3.1%
▼ 9.2pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.02m-€0.04m▲ 57.8%€0.3m▲ 794%€0.8m▲ 160%€0.4m▼ 47.9%€0.4m▲ 3.8%€0.1m▼ 77.4%
Net result€0.02m-€0.03mwithin the sector's middle half▲ 56.6%€0.2mabove the sector's middle half▲ 767%€4.5mabove the sector's middle half▲ 20×€0.3mabove the sector's middle half▼ 92.7%€0.3mabove the sector's middle half▲ 2.0%€0.08mwithin the sector's middle half▼ 74.7%
Equity€0.03m-€0.06mbelow the sector's middle half▲ 73.0%€0.3mwithin the sector's middle half▲ 366%€1.8mwithin the sector's middle half▲ 545%€2.1mabove the sector's middle half▲ 18.1%€2.5mabove the sector's middle half▲ 15.6%€2.4mabove the sector's middle half▼ 2.5%
Total assets€0.3m-€0.3mbelow the sector's middle half▲ 2.0%€0.6mwithin the sector's middle half▲ 73.9%€5.7mabove the sector's middle half▲ 872%€4.6mabove the sector's middle half▼ 19.9%€2.7mwithin the sector's middle half▼ 41.1%€2.7mwithin the sector's middle half▲ 0.3%
Debt€0.3m-€0.3m▼ 6.3%€0.3m▲ 10.9%€3.9m▲ 13×€2.4m▼ 37.5%€0.2m▼ 90.5%€0.3m▲ 29.9%
Working capital-€0.2m--€0.2mbelow the sector's middle half▲ 14.1%€0.03mwithin the sector's middle half€1.6mabove the sector's middle half▲ 54×€1.8mabove the sector's middle half▲ 17.6%€2.2mabove the sector's middle half▲ 18.8%€2.1mabove the sector's middle half▼ 2.3%
Solvency10.5%-17.7%below the sector's middle half▲ 7.3pp47.6%within the sector's middle half▲ 29.8pp31.6%within the sector's middle half▼ 16.0pp46.6%within the sector's middle half▲ 15.0pp91.4%above the sector's middle half▲ 44.8pp88.8%above the sector's middle half▼ 2.5pp
Current ratio0.22-0.29below the sector's middle half▲ 0.061.09within the sector's middle half▲ 0.811.40within the sector's middle half▲ 0.301.75within the sector's middle half▲ 0.3510.32above the sector's middle half▲ 8.578.01above the sector's middle half▼ 2.31
Return on assets (ROA)4.9%-7.5%within the sector's middle half▲ 2.6pp37.3%above the sector's middle half▲ 29.9pp78.1%above the sector's middle half▲ 40.7pp7.1%within the sector's middle half▼ 71.0pp12.3%above the sector's middle half▲ 5.2pp3.1%within the sector's middle half▼ 9.2pp
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 77% lower than in 2024 and the lowest since 2021.
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 €2.7m
Fixed assets
€281,169 ▼ 3.9%
Current assets
€2.4m ▲ 0.8%
Equity and liabilities €2.7m
Equity
€2.4m ▼ 2.5%
Debt
€303,002 ▲ 29.9%
Debt's share of the balance-sheet total rises from 8.6% to 11.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
3.5%▼
2024 · 13.5%
Debt ≤ 1 year
€303,002▲
2024 · €233,223
Income taxes
€22,760▼
2024 · €111,462
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €56,483 | - | - |
| Depreciation and write-downs of the year | €7,165 | €597 | €3,332 | €11,297 | €11,297 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.007m | €0.007m | €0.007m | €0.001m | €0.003m | €0.01m | €0.01m | = |
| Other operating charges640/8 | - | - | €0.001m | €0.001m | €0.002m | €0.001m | €0.002m | ▲ 61.6% |
| Gross operating margin9900 | €0.03m | €0.04m | €0.3m | €0.8m | €0.4m | €0.5m | €0.1m | ▼ 75.2% |
| Operating profit (loss)9901 | €0.02m | €0.04m | €0.3m | €0.8m | €0.4m | €0.4m | €0.1m | ▼ 77.4% |
| Financial income75/76B | - | - | - | €4.0m | €0.005m | €156 | €0.007m | ▲ 46× |
| Recurring financial income75 | - | - | - | €4.0m | €0.005m | €156 | €0.007m | ▲ 46× |
| Financial charges65/66B | - | - | €217 | €120 | €285 | €384 | €0.001m | ▲ 92.9% |
| Recurring financial charges65 | €91 | €323 | €217 | €120 | €285 | €384 | €0.001m | ▲ 92.9% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.04m | €0.3m | €4.8m | €0.4m | €0.4m | €0.1m | ▼ 75.9% |
| Income taxes67/77 | €0.006m | €0.01m | €0.1m | €0.4m | €0.1m | €0.1m | €0.02m | ▼ 79.6% |
| Profit (loss) for the period9904 | €0.02m | €0.03m | €0.2m | €4.5m | €0.3m | €0.3m | €0.08m | ▼ 74.7% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €0.06m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.2m | €0.2m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.03m | €0.2m | €4.5m | €0.2m | €0.2m | €0.1m | ▼ 12.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.6m | €5.7m | €4.6m | €2.7m | €2.7m | ▲ 0.3% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 3.9% |
| Tangible fixed assets22/27 | €0.01m | €0.008m | €0.001m | €0 | €0.05m | €0.04m | €0.03m | ▼ 27.0% |
| Furniture and vehicles24 | - | - | €0.001m | €0 | €0.05m | €0.04m | €0.03m | ▼ 27.0% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.07m | €0.08m | €0.3m | €5.5m | €4.3m | €2.4m | €2.4m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €0.05m | €0.07m | €0.3m | €5.3m | €2.4m | €2.2m | €1.9m | ▼ 13.0% |
| Trade receivables40 | - | - | €0.3m | €1.2m | €0.8m | €1.5m | €1.4m | ▼ 2.0% |
| Other amounts receivable41 | - | - | €0.06m | €4.1m | €1.6m | €0.7m | €0.5m | ▼ 35.1% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.03m | €0.2m | €1.8m | €0.2m | €0.5m | ▲ 127% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.01m | €0.001m | €0.003m | ▲ 92.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.6m | €5.7m | €4.6m | €2.7m | €2.7m | ▲ 0.3% |
| Equity10/15 | €0.03m | €0.06m | €0.3m | €1.8m | €2.1m | €2.5m | €2.4m | ▼ 2.5% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.02m | €0.04m | €0.3m | €1.8m | €2.1m | €2.4m | €2.4m | ▼ 2.5% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | - | €0.2m | €0.3m | €0.3m | ▼ 18.6% |
| Distributable reserves133 | - | - | €0.3m | €1.8m | €2.0m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €3.9m | €2.4m | €0.2m | €0.3m | ▲ 29.9% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €3.9m | €2.4m | €0.2m | €0.3m | ▲ 29.9% |
| Trade debts44 | €0.008m | €0.01m | €0.007m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 12.9% |
| Suppliers440/4 | - | - | €0.007m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 12.9% |
| Taxes, remuneration and social security45 | - | - | €0.07m | €0.8m | €0.03m | €0.02m | €0.009m | ▼ 58.2% |
| Taxes450/3 | - | - | €0.07m | €0.8m | €0.03m | €0.02m | €0.009m | ▼ 58.2% |
| Other amounts payable47/48 | - | - | €0.2m | €3.1m | €2.4m | €0.2m | €0.3m | ▲ 41.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.03m | €0.2m | €4.5m | €0.3m | €0.3m | €0.08m | ▼ 74.7% |
| + Depreciation and write-downs630 | €0.007m | €0.007m | €0.007m | €0.001m | €0.003m | €0.01m | €0.01m | = |
| Operating cash flow (approximation) | €0.02m | €0.03m | €0.2m | €4.5m | €0.3m | €0.3m | €0.1m | ▼ 72.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0.06m | €0 | €0 | - |
| Change in cash | - | -€3 | €0.01m | €0.2m | €1.6m | -€1.6m | €0.3m | - |
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 |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00104855 | |
| 30-09-2024 | abbreviated format | 28-04-2025 | 2025-00077115 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00080625 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00078782 | |
| 30-09-2021 | abbreviated format | 21-04-2022 | 2022-20005467 | |
| 30-09-2021 | micro format | 15-04-2022 | 2022-20004108 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-13000531 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11400582 |