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ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-03-2026 PDF all 39 filings
Turnover
≈ €250,000
Estimated: probably between €140,000 and €430,000
Total assets
€3.2m▼ 3.2%
2024 · €3.3m
Net result
€117,015▼ 18.2%
2024 · €143,121
Working capital
€77,336▼ 28.1%
2024 · €107,622
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€37,530
▼ 48.3%
2025
20192025
Net result
€117,015
▼ 18.2%
2025
highest quarter of the sector
20192025
Equity
€1.9m
▲ 6.6%
2025
highest quarter of the sector
20192025
Total assets
€3.2m
▼ 3.2%
2025
highest quarter of the sector
20192025
Debt
€1.3m
▼ 14.9%
2025
20192025
Working capital
€77,336
▼ 28.1%
2025
middle half of the sector
20192025
Solvency
59.8%
▲ 5.5pp
2025
middle half of the sector
20192025
Current ratio
1.43
=
2025
middle half of the sector
20192025
Return on assets (ROA)
3.7%
▼ 0.7pp
2025
middle half of the sector
20192025
Staff (FTE)
0
▼ 100%
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.01m-€0.02m▲ 64.3%€0.02m▼ 23.6%€0.06m▲ 244%€0.09m▲ 48.9%€0.07m▼ 20.2%€0.04m▼ 48.3%
Net result€0.007m-€0.01mwithin the sector's middle half▲ 75.5%€0.002mbelow the sector's middle half▼ 83.1%€0.1mabove the sector's middle half▲ 57×€0.05mwithin the sector's middle half▼ 57.4%€0.1mabove the sector's middle half▲ 171%€0.1mabove the sector's middle half▼ 18.2%
Equity€1.4m-€1.5mabove the sector's middle half▲ 0.9%€1.5mabove the sector's middle half=€1.6mabove the sector's middle half▲ 8.6%€1.6mabove the sector's middle half▲ 3.4%€1.8mabove the sector's middle half▲ 8.8%€1.9mabove the sector's middle half▲ 6.6%
Total assets€1.5m-€1.5mwithin the sector's middle half▲ 0.8%€3.3mabove the sector's middle half▲ 128%€3.3mabove the sector's middle half▼ 0.6%€3.2mabove the sector's middle half▼ 3.3%€3.3mabove the sector's middle half▲ 1.6%€3.2mabove the sector's middle half▼ 3.2%
Debt€0.02m-€0.02m▼ 10.7%€1.9m▲ 123×€1.7m▼ 7.7%€1.6m▼ 9.3%€1.5m▼ 5.7%€1.3m▼ 14.9%
Working capital€1.2m-€1.2mabove the sector's middle half▲ 1.2%€0.2mwithin the sector's middle half▼ 87.5%€0.1mwithin the sector's middle half▼ 16.0%€0.1mwithin the sector's middle half▲ 14.3%€0.1mwithin the sector's middle half▼ 27.7%€0.08mwithin the sector's middle half▼ 28.1%
Solvency98.8%-99.0%above the sector's middle half▲ 0.1pp43.4%within the sector's middle half▼ 55.6pp47.4%within the sector's middle half▲ 4.0pp50.7%within the sector's middle half▲ 3.3pp54.2%within the sector's middle half▲ 3.6pp59.8%within the sector's middle half▲ 5.5pp
Current ratio96.80-81.78above the sector's middle half▼ 15.021.84within the sector's middle half▼ 79.941.67within the sector's middle half▼ 0.161.80within the sector's middle half▲ 0.131.43within the sector's middle half▼ 0.371.43within the sector's middle half=
Return on assets (ROA)0.5%-0.9%within the sector's middle half▲ 0.4pp0.1%below the sector's middle half▼ 0.8pp3.7%within the sector's middle half▲ 3.7pp1.6%within the sector's middle half▼ 2.1pp4.4%within the sector's middle half▲ 2.7pp3.7%within the sector's middle half▼ 0.7pp
Staff (FTE)0.7below the sector's middle half1.1below the sector's middle half▲ 57.1%1.2below the sector's middle half▲ 9.1%0.6below the sector's middle half▼ 50.0%0below the sector's middle half▼ 100%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 48% lower than in 2024. It is the second fall in a row.
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 €3.2m
Fixed assets
€2.9m ▼ 0.2%
Current assets
€257,899 ▼ 27.7%
Equity and liabilities €3.2m
Equity
€1.9m ▲ 6.6%
Debt
€1.3m ▼ 14.9%
Debt's share of the balance-sheet total falls from 45.8% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,947▼
2024 · €89,984
Cash flow
€129,433▼
2024 · €160,564
Debt to equity
0.67▼
2024 · 0.84
ROE
6.2%▼
2024 · 8.1%
Interest coverage
2.92▼
2024 · 4.70
Debt ≤ 1 year
€180,563▼
2024 · €248,876
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€5,832▼
2024 · €14,176
Staff costs
€7▼
2024 · €20,915
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-08-2022 | 31-08-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 0 | 1 |
| Average over the year, in full-time equivalents | 1.1 | 1.2 |
| Joined | 1 | 1 |
| Left | 1 | 1 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Securities and guarantees
| Item | 31-08-2022 | 31-08-2023 | 31-08-2024 | 31-08-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €1.7m | €1.6m | €1.4m | - |
| Pledge on other assets, amount secured | €1.9m | €1.9m | €1.9m | €1.9m |
| Carrying value of the other pledged assets | €2.8m | €2.7m | €2.7m | €2.7m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-08-2022 | 31-08-2023 | 31-08-2024 | 31-08-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €12,091 | €9,759 | €47,297 | €5,722 |
| Depreciation and write-downs of the year | €17,190 | €19,209 | €17,442 | €12,418 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €49,517 | €40,725 | €20,915 | €7 | ▼ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,658 | €5,723 | €8,367 | €17,190 | €19,209 | €17,442 | €12,418 | ▼ 28.8% |
| Other operating charges640/8 | - | - | - | €2,818 | €2,192 | €2,537 | €2,552 | ▲ 0.6% |
| Gross operating margin9900 | €22,274 | €32,719 | €55,836 | €130,598 | €153,053 | €113,435 | €52,506 | ▼ 53.7% |
| Operating profit (loss)9901 | €14,168 | €23,271 | €17,772 | €61,073 | €90,927 | €72,542 | €37,530 | ▼ 48.3% |
| Financial income75/76B | - | - | - | €100,000 | €1,353 | €103,905 | €102,429 | ▼ 1.4% |
| Recurring financial income75 | - | - | - | €100,000 | €1,353 | €103,905 | €102,429 | ▼ 1.4% |
| Financial charges65/66B | - | - | - | €23,141 | €21,403 | €19,149 | €17,111 | ▼ 10.6% |
| Recurring financial charges65 | €1,309 | €544 | €14,209 | €23,141 | €21,403 | €19,149 | €17,111 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €12,859 | €22,727 | €3,562 | €137,933 | €70,877 | €157,297 | €122,847 | ▼ 21.9% |
| Income taxes67/77 | €5,500 | €9,809 | €1,374 | €13,829 | €18,046 | €14,176 | €5,832 | ▼ 58.9% |
| Profit (loss) for the period9904 | €7,359 | €12,918 | €2,188 | €124,104 | €52,831 | €143,121 | €117,015 | ▼ 18.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €26,208 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,359 | €12,918 | €2,188 | €150,312 | €52,831 | €143,121 | €117,015 | ▼ 18.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.5m | €1.5m | €3.3m | €3.3m | €3.2m | €3.3m | €3.2m | ▼ 3.2% |
| Fixed assets21/28 | €0.2m | €0.2m | €3.0m | €3.0m | €2.9m | €2.9m | €2.9m | ▼ 0.2% |
| Intangible fixed assets21 | - | - | €0.03m | €0.02m | €0.009m | €0 | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 2.7% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.1% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.01m | €0.01m | €0.01m | ▼ 12.6% |
| Financial fixed assets28 | - | - | €2.8m | €2.8m | €2.7m | €2.7m | €2.7m | = |
| Current assets29/58 | €1.2m | €1.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 27.7% |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | €0.04m | €0.04m | €0.06m | €0.1m | €0.04m | ▼ 61.6% |
| Trade receivables40 | - | - | - | €0.04m | €0.06m | €0.1m | €0.03m | ▼ 68.8% |
| Other amounts receivable41 | - | - | - | €0 | €0.002m | €0.002m | €0.008m | ▲ 279% |
| Current investments50/53 | - | - | - | - | €0.2m | €0.1m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.2m | €1.2m | €0.3m | €0.3m | €0.1m | €0.2m | €0.2m | ▲ 41.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.001m | €0.001m | ▼ 0.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €3.3m | €3.3m | €3.2m | €3.3m | €3.2m | ▼ 3.2% |
| Equity10/15 | €1.4m | €1.5m | €1.5m | €1.6m | €1.6m | €1.8m | €1.9m | ▲ 6.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €1.3m | €1.4m | €1.4m | €1.5m | €1.6m | €1.7m | €1.8m | ▲ 6.9% |
| Amounts payable17/49 | €0.02m | €0.02m | €1.9m | €1.7m | €1.6m | €1.5m | €1.3m | ▼ 14.9% |
| Amounts payable after more than one year17 | - | - | €1.7m | €1.6m | €1.4m | €1.2m | €1.1m | ▼ 12.4% |
| Financial debts170/4 | - | - | - | €1.6m | €1.4m | €1.2m | €1.1m | ▼ 12.4% |
| Amounts payable within one year42/48 | €0.01m | €0.02m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 27.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.01m | €0.006m | €0.02m | €0.01m | €0.02m | €0.09m | €0.03m | ▼ 70.1% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.09m | €0.03m | ▼ 70.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.009m | €0.006m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0.02m | €0.006m | €0.006m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.007m | €0.002m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €406 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.007m | €0.01m | €0.002m | €0.1m | €0.05m | €0.1m | €0.1m | ▼ 18.2% |
| + Depreciation and write-downs630 | €0.006m | €0.006m | €0.008m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 28.8% |
| Operating cash flow (approximation) | €0.01m | €0.02m | €0.01m | €0.1m | €0.07m | €0.2m | €0.1m | ▼ 19.4% |
| Investment in fixed assets (approximation) | - | €0 | -€2.8m | -€0.01m | €0.1m | -€0.05m | -€0.006m | ▲ 87.9% |
| Change in cash | - | €0.005m | -€0.9m | -€0.02m | -€0.2m | €0.03m | €0.06m | ▲ 119% |
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 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2025 | abbreviated format | 30-03-2026 | 2026-00066447 | |
| 31-08-2024 | abbreviated format | 14-02-2025 | 2025-00034908 | |
| 31-08-2023 | abbreviated format | 20-02-2024 | 2024-00032125 | |
| 31-08-2022 | abbreviated format | 29-01-2023 | 2023-00007692 | |
| 31-08-2021 | abbreviated format | 14-03-2022 | 2022-07500461 | |
| 31-08-2020 | abbreviated format | 01-03-2021 | 2021-06500418 | |
| 31-08-2019 | abbreviated format | 27-02-2020 | 2020-05800063 | |
| 31-08-2018 | abbreviated format | 21-02-2019 | 2019-05500478 | |
| 31-08-2017 | micro format | 20-03-2018 | 2018-07200316 | |
| 31-08-2016 | abbreviated format | 08-02-2017 | 2017-04100481 |