Financials · financial year 2025, micro format
Annual accounts 2025 filed on 05-01-2026 PDF all 6 filings
Turnover
≈ €600,000
Estimated: probably between €500,000 and €1.1m
Total assets
€1.3m▲ 39.8%
2024 · €949,545
Net result
€327,480▲ 875%
2024 · €33,593
Working capital
€97,277▲ 111%
2024 · €46,195
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€419,257
2025
20202025
Net result
€327,480
▲ 875%
2025
highest quarter of the sector
20202025
Equity
€853,675
▲ 5.2%
2025
highest quarter of the sector
20202025
Total assets
€1.3m
▲ 39.8%
2025
highest quarter of the sector
20202025
Debt
€474,080
▲ 243%
2025
20202025
Working capital
€97,277
▲ 111%
2025
middle half of the sector
20202025
Solvency
64.3%
▼ 21.1pp
2025
middle half of the sector
20202025
Current ratio
1.30
▼ 13.49
2025
middle half of the sector
20202025
Return on assets (ROA)
24.7%
▲ 21.1pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€0.001m--€0.004m▼ 196%-€0.001m▲ 78.5%-€0.01m▼ 1,069%-€0.006m▲ 32.7%€0.4m
Net result-€0.007mbelow the sector's middle half-€0.01mwithin the sector's middle half€0.3mabove the sector's middle half▲ 28×€0.03mwithin the sector's middle half▼ 90.8%€0.03mwithin the sector's middle half▲ 27.8%€0.3mabove the sector's middle half▲ 875%
Equity€0.005mbelow the sector's middle half-€0.5mabove the sector's middle half▲ 87×€0.8mabove the sector's middle half▲ 61.3%€0.8mabove the sector's middle half▲ 3.5%€0.8mabove the sector's middle half▲ 4.3%€0.9mabove the sector's middle half▲ 5.2%
Total assets€0.5mwithin the sector's middle half-€0.9mabove the sector's middle half▲ 101%€0.9mabove the sector's middle half=€0.9mabove the sector's middle half=€0.9mabove the sector's middle half▲ 3.5%€1.3mabove the sector's middle half▲ 39.8%
Debt€0.5m-€0.5m=€0.2m▼ 63.3%€0.1m▼ 15.6%€0.1m▼ 0.9%€0.5m▲ 243%
Working capital-€0.3mbelow the sector's middle half--€0.3mbelow the sector's middle half▲ 3.0%-€0.01mbelow the sector's middle half▲ 95.4%€0.01mwithin the sector's middle half€0.05mwithin the sector's middle half▲ 267%€0.1mwithin the sector's middle half▲ 111%
Solvency1.2%below the sector's middle half-50.8%within the sector's middle half▲ 49.6pp81.9%above the sector's middle half▲ 31.1pp84.8%above the sector's middle half▲ 2.8pp85.4%above the sector's middle half▲ 0.7pp64.3%within the sector's middle half▼ 21.1pp
Current ratio0.02below the sector's middle half-0.05below the sector's middle half▲ 0.030.55below the sector's middle half▲ 0.503.70within the sector's middle half▲ 3.1514.79above the sector's middle half▲ 11.091.30within the sector's middle half▼ 13.49
Return on assets (ROA)-1.5%below the sector's middle half-1.1%below the sector's middle half▲ 2.7pp31.2%above the sector's middle half▲ 30.0pp2.9%within the sector's middle half▼ 28.3pp3.5%within the sector's middle half▲ 0.7pp24.7%within the sector's middle half▲ 21.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 €419,257, after a loss of €6,463 in 2024. It is the highest result since 2021.
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
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€901,590 ▲ 0.2%
Current assets
€426,165 ▲ 760%
Equity and liabilities €1.3m
Equity
€853,675 ▲ 5.2%
Debt
€474,080 ▲ 243%
Debt's share of the balance-sheet total rises from 14.6% to 35.7%. Equity and debt are higher.
Key figures and ratios
ROE
38.4%▲
2024 · 4.1%
Debt ≤ 1 year
€328,888▲
2024 · €3,350
Debt > 1 year
€135,000=
2024 · €135,000
Income taxes
€125,021▲
2024 · €3,350
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 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,138 |
| Depreciation and write-downs of the year | - | - | - | €548 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €548 | - |
| Other operating charges640/8 | - | - | €101 | €450 | €1,069 | €1,546 | ▲ 44.6% |
| Gross operating margin9900 | -€1,139 | -€3,567 | -€720 | -€9,151 | -€5,394 | €421,351 | - |
| Operating profit (loss)9901 | -€1,289 | -€3,817 | -€821 | -€9,601 | -€6,463 | €419,257 | - |
| Financial income75/76B | - | - | €315,000 | €38,541 | €43,452 | €45,065 | ▲ 3.7% |
| Recurring financial income75 | - | €15,953 | €315,000 | €38,541 | €43,452 | €45,065 | ▲ 3.7% |
| Financial charges65/66B | - | - | €26 | €46 | €46 | €11,821 | ▲ 255× |
| Recurring financial charges65 | €5,748 | €1,843 | €26 | €46 | €46 | €11,821 | ▲ 255× |
| Profit (loss) for the period before taxes9903 | -€7,036 | €10,292 | €314,152 | €28,894 | €36,943 | €452,500 | ▲ 12× |
| Income taxes67/77 | - | - | €28,500 | €2,600 | €3,350 | €125,021 | ▲ 37× |
| Profit (loss) for the period9904 | -€7,036 | €10,292 | €285,652 | €26,294 | €33,593 | €327,480 | ▲ 875% |
| Profit (loss) for the period to be appropriated9905 | -€7,036 | €10,292 | €285,652 | €26,294 | €33,593 | €327,480 | ▲ 875% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.5m | €0.9m | €0.9m | €0.9m | €0.9m | €1.3m | ▲ 39.8% |
| Fixed assets21/28 | €0.5m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 0.2% |
| Tangible fixed assets22/27 | - | - | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | - | - | - | €0.002m | - |
| Financial fixed assets28 | €0.5m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.006m | €0.02m | €0.02m | €0.02m | €0.05m | €0.4m | ▲ 760% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €0.03m | - |
| Trade receivables40 | - | - | - | - | - | €0.02m | - |
| Other amounts receivable41 | - | - | - | - | - | €0.008m | - |
| Current investments50/53 | - | - | - | - | - | €0.05m | - |
| Cash at bank and in hand54/58 | €0.006m | €0.02m | €0.02m | €0.02m | €0.05m | €0.3m | ▲ 517% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.04m | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.5m | €0.9m | €0.9m | €0.9m | €0.9m | €1.3m | ▲ 39.8% |
| Equity10/15 | €0.005m | €0.5m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 5.2% |
| Contributions10/11 | €0.01m | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | - | €0.003m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 12.2% |
| Distributable reserves133 | - | - | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 12.2% |
| Profit (loss) carried forward14 | -€0.007m | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.5m | €0.5m | €0.2m | €0.1m | €0.1m | €0.5m | ▲ 243% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Financial debts170/4 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.03m | €0.005m | €0.003m | €0.3m | ▲ 98× |
| Trade debts44 | - | - | - | - | - | €0.003m | - |
| Suppliers440/4 | - | - | - | - | - | €0.003m | - |
| Taxes, remuneration and social security45 | - | - | €0.03m | €0.003m | €0.003m | €0.04m | ▲ 12× |
| Taxes450/3 | - | - | €0.03m | €0.003m | €0.003m | €0.04m | ▲ 12× |
| Other amounts payable47/48 | - | - | €0.002m | €0.002m | €0 | €0.3m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.01m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,036 | €10,292 | €285,652 | €26,294 | €33,593 | €327,480 | ▲ 875% |
| + Depreciation and write-downs630 | - | - | - | - | - | €548 | - |
| Operating cash flow (approximation) | -€7,036 | €10,292 | €285,652 | €26,294 | €33,593 | €328,028 | ▲ 876% |
| Investment in fixed assets (approximation) | - | -€450,000 | €0 | €0 | €0 | -€2,138 | - |
| Change in cash | - | €10,412 | €152 | €394 | €32,281 | €256,312 | ▲ 694% |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 05-01-2026 | 2026-00000778 | |
| 30-06-2024 | micro format | 19-12-2024 | 2024-00625616 | |
| 30-06-2023 | micro format | 10-01-2024 | 2024-00000903 | |
| 30-06-2022 | micro format | 31-12-2022 | 2023-20555136 | |
| 30-06-2021 | micro format | 30-12-2021 | 2021-82200535 | |
| 30-06-2020 | micro format | 28-12-2020 | 2020-77200195 |