Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 34 filings
Equity
€710,104▼ 5.0%
2024 · €747,390
Net result
-€37,286▼ 242%
2024 · -€10,900
Total assets
€725,403▼ 5.1%
2024 · €764,373
Solvency
97.9%▲ 0.1pp
2024 · 97.8%
In the rankings
#5 oldest company in Zottegem, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€36,973
▼ 311%
2025
20182025
Net result
-€37,286
▼ 242%
2025
lowest quarter of the sector
20182025
Equity
€710,104
▼ 5.0%
2025
highest quarter of the sector
20182025
Total assets
€725,403
▼ 5.1%
2025
middle half of the sector
20182025
Debt
€15,299
▼ 9.9%
2025
20182025
Working capital
€475,061
▲ 78.3%
2025
highest quarter of the sector
20182025
Solvency
97.9%
▲ 0.1pp
2025
highest quarter of the sector
20182025
Current ratio
61.91
▲ 22.75
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-5.1%
▼ 3.7pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.2m-€0.06m€0.07m▲ 22.6%€0.4m▲ 479%€0.2m▼ 62.2%€0.08m▼ 47.8%-€0.009m-€0.04m▼ 311%
Net result-€0.1m-€0.02m€0.04mwithin the sector's middle half▲ 77.4%€0.3mabove the sector's middle half▲ 563%€0.1mabove the sector's middle half▼ 64.7%€0.06mwithin the sector's middle half▼ 40.2%-€0.01mbelow the sector's middle half-€0.04mbelow the sector's middle half▼ 242%
Equity€0.3m-€0.3m▲ 8.2%€0.3mwithin the sector's middle half▲ 13.6%€0.6mwithin the sector's middle half▲ 80.8%€0.7mabove the sector's middle half▲ 15.7%€0.8mabove the sector's middle half▲ 8.1%€0.7mabove the sector's middle half▼ 1.4%€0.7mabove the sector's middle half▼ 5.0%
Total assets€0.5m-€1.3m▲ 141%€1.8mabove the sector's middle half▲ 36.0%€1.1mwithin the sector's middle half▼ 37.8%€0.8mabove the sector's middle half▼ 28.8%€0.8mabove the sector's middle half▼ 1.2%€0.8mabove the sector's middle half▼ 1.8%€0.7mwithin the sector's middle half▼ 5.1%
Debt€0.3m-€1.0m▲ 274%€1.4m▲ 42.5%€0.5m▼ 65.4%€0.09m▼ 82.7%€0.02m▼ 76.7%€0.02m▼ 15.7%€0.02m▼ 9.9%
Working capital€0.2m-€0.3m▲ 8.3%€0.007mwithin the sector's middle half▼ 97.4%€0.3mwithin the sector's middle half▲ 43×€0.2mabove the sector's middle half▼ 37.9%€0.3mabove the sector's middle half▲ 45.4%€0.3mabove the sector's middle half▲ 2.7%€0.5mabove the sector's middle half▲ 78.3%
Solvency50.2%-22.6%▼ 27.6pp18.8%within the sector's middle half▼ 3.7pp54.8%within the sector's middle half▲ 36.0pp89.0%above the sector's middle half▲ 34.2pp97.4%above the sector's middle half▲ 8.4pp97.8%above the sector's middle half▲ 0.4pp97.9%above the sector's middle half▲ 0.1pp
Current ratio4.37-1.32▼ 3.051.01within the sector's middle half▼ 0.314.13above the sector's middle half▲ 3.123.07within the sector's middle half▼ 1.0651.45above the sector's middle half▲ 48.3839.16above the sector's middle half▼ 12.2961.91above the sector's middle half▲ 22.75
Return on assets (ROA)-20.0%-1.8%▲ 21.7pp2.3%within the sector's middle half▲ 0.5pp24.6%above the sector's middle half▲ 22.3pp12.2%within the sector's middle half▼ 12.4pp7.4%within the sector's middle half▼ 4.8pp-1.4%below the sector's middle half▼ 8.8pp-5.1%below the sector's middle half▼ 3.7pp
Staff (FTE)0.1-
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 a loss of €36,973, larger than the loss of €9,001 in 2024. It is the lowest result since 2021.
Large changes and their cause
- 2022 Net result -65% on 2021. The accounts now follow the micro format, last year the abbreviated format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725,403
Fixed assets
€242,543 ▼ 50.6%
Current assets
€482,859 ▲ 76.6%
Equity and liabilities €725,403
Equity
€710,104 ▼ 5.0%
Debt
€15,299 ▼ 9.9%
Debt's share of the balance-sheet total falls from 2.2% to 2.1%. Equity and debt are lower.
Key figures and ratios
ROE
-5.3%▼
2024 · -1.5%
Debt ≤ 1 year
€7,799▲
2024 · €6,983
Debt > 1 year
€7,500▼
2024 · €10,000
Income taxes
€557▲
2024 · €538
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 | €50,754 | €27,836 | €12,800 | €2,719 | - |
| Financial fixed assets | - | - | €150 | - | €0 |
| Depreciation and write-downs of the year | €17,346 | €17,864 | €22,418 | €25,416 | €19,340 |
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 | - | €1,587 | €2,656 | €17,346 | €17,864 | €22,418 | €25,416 | €19,340 | ▼ 23.9% |
| Other operating charges640/8 | - | - | - | €10,726 | €6,292 | €3,101 | €2,889 | €2,055 | ▼ 28.9% |
| Gross operating margin9900 | €69,059 | €63,071 | €77,290 | €449,873 | €183,636 | €108,797 | €19,304 | -€15,579 | - |
| Operating profit (loss)9901 | -€153,707 | €59,454 | €72,904 | €421,801 | €159,481 | €83,278 | -€9,001 | -€36,973 | ▼ 311% |
| Financial income75/76B | - | - | - | €80 | €0 | - | - | €1,289 | - |
| Recurring financial income75 | - | - | €150 | €80 | €0 | - | - | €1,289 | - |
| Financial charges65/66B | - | - | - | €24,160 | €17,631 | €990 | €1,361 | €1,045 | ▼ 23.3% |
| Recurring financial charges65 | €8,708 | €21,972 | €27,968 | €24,160 | €17,631 | €990 | €1,361 | €1,045 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | -€162,415 | €37,482 | €45,086 | €397,720 | €141,850 | €82,287 | -€10,363 | -€36,729 | ▼ 254% |
| Income taxes67/77 | €11,420 | €14,374 | €4,099 | €125,857 | €45,885 | €24,895 | €538 | €557 | ▲ 3.6% |
| Profit (loss) for the period9904 | -€108,692 | €23,108 | €40,987 | €271,863 | €95,966 | €57,393 | -€10,900 | -€37,286 | ▼ 242% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €28,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,765 | €23,108 | €40,987 | €271,863 | €95,966 | €29,393 | -€10,900 | -€37,286 | ▼ 242% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €1.3m | €1.8m | €1.1m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 5.1% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.7m | €0.7m | €0.5m | €0.5m | €0.5m | €0.2m | ▼ 50.6% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.7m | €0.7m | €0.5m | €0.5m | €0.5m | €0.2m | ▼ 50.6% |
| Land and buildings22 | - | - | - | €0.7m | €0.5m | €0.5m | €0.4m | €0.2m | ▼ 51.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.002m | €0.002m | ▼ 23.8% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.06m | €0.06m | €0.04m | €0.03m | ▼ 38.4% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | - | €150 | - | - | - |
| Current assets29/58 | €0.3m | €1.1m | €1.1m | €0.4m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 76.6% |
| Stocks and contracts in progress3 | €0.09m | €1.0m | €1.0m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 6.2% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 6.2% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €0.03m | €0.02m | €0.03m | €0.01m | €0.02m | €0.04m | ▲ 83.5% |
| Trade receivables40 | - | - | - | €0.01m | €0.01m | €0.006m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.009m | €0.02m | €0.004m | €0.02m | €0.04m | ▲ 83.5% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.03m | €0.2m | €0.1m | €0.1m | €0.02m | €0.2m | ▲ 754% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.005m | €0.005m | €0.004m | ▼ 3.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €1.3m | €1.8m | €1.1m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 5.1% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.6m | €0.7m | €0.8m | €0.7m | €0.7m | ▼ 5.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.2m | €0.2m | €0.3m | €0.5m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 5.4% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | - | - | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 5.7% |
| Amounts payable17/49 | €0.3m | €1.0m | €1.4m | €0.5m | €0.09m | €0.02m | €0.02m | €0.02m | ▼ 9.9% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.4m | €0.4m | - | €0.02m | €0.01m | €0.008m | ▼ 25.0% |
| Financial debts170/4 | - | - | - | €0.4m | - | €0.02m | €0.01m | €0.008m | ▼ 25.0% |
| Amounts payable within one year42/48 | €0.07m | €0.8m | €1.1m | €0.09m | €0.09m | €0.005m | €0.007m | €0.008m | ▲ 11.7% |
| Trade debts44 | €0.04m | €0.02m | €0.05m | €0.03m | €0.003m | €287 | €131 | €0.006m | ▲ 45× |
| Suppliers440/4 | - | - | - | €0.03m | €0.003m | €287 | €131 | €0.006m | ▲ 45× |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.003m | €0.004m | €83 | ▼ 97.9% |
| Taxes450/3 | - | - | - | €0.05m | €0.06m | €0.003m | €0.004m | €83 | ▼ 97.9% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.02m | €0.002m | €0.003m | €0.002m | ▼ 33.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€108,692 | €23,108 | €40,987 | €271,863 | €95,966 | €57,393 | -€10,900 | -€37,286 | ▼ 242% |
| + Depreciation and write-downs630 | - | €1,587 | €2,656 | €17,346 | €17,864 | €22,418 | €25,416 | €19,340 | ▼ 23.9% |
| Operating cash flow (approximation) | -€108,692 | €24,695 | €43,643 | €289,209 | €113,830 | €79,811 | €14,516 | -€17,946 | - |
| Investment in fixed assets (approximation) | - | -€3,968 | -€460,966 | -€50,754 | €186,180 | -€12,950 | -€2,569 | €229,010 | - |
| Change in cash | - | -€106,253 | -€72,363 | €194,742 | -€123,529 | €6,160 | -€80,773 | €178,707 | - |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00363978 | |
| 31-12-2024 | micro format | 29-05-2025 | 2025-00111545 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00175267 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00145279 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20248239 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-43200170 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-36200437 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61200549 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57600224 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58700200 |