Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 19-12-2025 PDF all 4 filings
Equity
€198,016▲ 32.6%
2024 · €149,340
Net result
€48,675▲ 5.0%
2024 · €46,350
Total assets
€206,788▲ 17.4%
2024 · €176,119
Solvency
95.8%▲ 11.0pp
2024 · 84.8%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€62,605
▼ 3.5%
2025
20222025
Net result
€48,675
▲ 5.0%
2025
middle half of the sector
20222025
Equity
€198,016
▲ 32.6%
2025
middle half of the sector
20222025
Total assets
€206,788
▲ 17.4%
2025
lowest quarter of the sector
20222025
Debt
€8,772
▼ 67.2%
2025
20222025
Working capital
€194,904
▲ 38.0%
2025
middle half of the sector
20222025
Solvency
95.8%
▲ 11.0pp
2025
highest quarter of the sector
20222025
Current ratio
23.22
▲ 16.83
2025
highest quarter of the sector
20222025
Return on assets (ROA)
23.5%
▼ 2.8pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€70,712-€65,812▼ 6.9%€64,889▼ 1.4%€62,605▼ 3.5%
Net result€50,580within the sector's middle half-€47,411within the sector's middle half▼ 6.3%€46,350within the sector's middle half▼ 2.2%€48,675within the sector's middle half▲ 5.0%
Equity€55,580within the sector's middle half-€102,991within the sector's middle half▲ 85.3%€149,340within the sector's middle half▲ 45.0%€198,016within the sector's middle half▲ 32.6%
Total assets€83,142below the sector's middle half-€128,837below the sector's middle half▲ 55.0%€176,119within the sector's middle half▲ 36.7%€206,788below the sector's middle half▲ 17.4%
Debt€27,562-€25,846▼ 6.2%€26,779▲ 3.6%€8,772▼ 67.2%
Working capital€51,690within the sector's middle half-€92,072within the sector's middle half▲ 78.1%€141,240within the sector's middle half▲ 53.4%€194,904within the sector's middle half▲ 38.0%
Solvency66.8%within the sector's middle half-79.9%above the sector's middle half▲ 13.1pp84.8%above the sector's middle half▲ 4.9pp95.8%above the sector's middle half▲ 11.0pp
Current ratio2.88within the sector's middle half-4.56above the sector's middle half▲ 1.696.39above the sector's middle half▲ 1.8323.22above the sector's middle half▲ 16.83
Return on assets (ROA)60.8%above the sector's middle half-36.8%above the sector's middle half▼ 24.0pp26.3%above the sector's middle half▼ 10.5pp23.5%above the sector's middle half▼ 2.8pp
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 4% lower than in 2024 and the lowest since 2022. It is the third fall in a row.
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 €206,788
Fixed assets
€3,112 ▼ 64.2%
Current assets
€203,676 ▲ 21.6%
Equity and liabilities €206,788
Equity
€198,016 ▲ 32.6%
Debt
€8,772 ▼ 67.2%
Debt's share of the balance-sheet total falls from 15.2% to 4.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.6%▼
2024 · 31.0%
Debt ≤ 1 year
€8,772▼
2024 · €26,199
Income taxes
€18,704▲
2024 · €18,032
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 | €4,345 | €4,872 | - | - |
| Intangible fixed assets | - | €3,975 | €1,185 | - |
| Depreciation and write-downs of the year | €455 | €1,458 | €3,423 | €2,485 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €1,090 awarded| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €420 | €0 |
| 2023 | 1 | €599 | €0 |
| 2022 | 1 | €71 | €0 |
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €455 | €1,458 | €3,423 | €2,485 | ▼ 27.4% |
| Other operating charges640/8 | €2,700 | €1,384 | €3,017 | €3,159 | ▲ 4.7% |
| Gross operating margin9900 | €73,867 | €68,654 | €71,330 | €68,250 | ▼ 4.3% |
| Operating profit (loss)9901 | €70,712 | €65,812 | €64,889 | €62,605 | ▼ 3.5% |
| Financial income75/76B | - | - | €49 | €5,229 | ▲ 108× |
| Recurring financial income75 | - | - | €49 | €5,229 | ▲ 108× |
| Financial charges65/66B | €649 | €73 | €556 | €455 | ▼ 18.2% |
| Recurring financial charges65 | €649 | €73 | €556 | €455 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €70,063 | €65,739 | €64,382 | €67,379 | ▲ 4.7% |
| Income taxes67/77 | €19,483 | €18,329 | €18,032 | €18,704 | ▲ 3.7% |
| Profit (loss) for the period9904 | €50,580 | €47,411 | €46,350 | €48,675 | ▲ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €50,580 | €47,411 | €46,350 | €48,675 | ▲ 5.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €83,142 | €128,837 | €176,119 | €206,788 | ▲ 17.4% |
| Fixed assets21/28 | €3,890 | €10,918 | €8,680 | €3,112 | ▼ 64.2% |
| Intangible fixed assets21 | - | €3,853 | €3,597 | €1,877 | ▼ 47.8% |
| Tangible fixed assets22/27 | €3,890 | €7,066 | €5,083 | €1,234 | ▼ 75.7% |
| Furniture and vehicles24 | €3,890 | €4,301 | €3,083 | - | - |
| Other tangible fixed assets26 | - | €2,764 | €1,999 | €1,234 | ▼ 38.3% |
| Current assets29/58 | €79,252 | €117,919 | €167,439 | €203,676 | ▲ 21.6% |
| Amounts receivable within one year40/41 | €12,298 | €17,251 | €13,980 | €12,451 | ▼ 10.9% |
| Trade receivables40 | €12,298 | €17,251 | €13,967 | €12,451 | ▼ 10.9% |
| Other amounts receivable41 | - | - | €13 | - | - |
| Current investments50/53 | - | - | €100,000 | €150,000 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €65,948 | €94,214 | €52,575 | €40,297 | ▼ 23.4% |
| Deferred charges and accrued income490/1 | €1,005 | €6,453 | €884 | €928 | ▲ 5.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €83,142 | €128,837 | €176,119 | €206,788 | ▲ 17.4% |
| Equity10/15 | €55,580 | €102,991 | €149,340 | €198,016 | ▲ 32.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €50,580 | €97,991 | €144,340 | €193,016 | ▲ 33.7% |
| Distributable reserves133 | €50,580 | €97,991 | €144,340 | €193,016 | ▲ 33.7% |
| Amounts payable17/49 | €27,562 | €25,846 | €26,779 | €8,772 | ▼ 67.2% |
| Amounts payable within one year42/48 | €27,562 | €25,846 | €26,199 | €8,772 | ▼ 66.5% |
| Trade debts44 | €154 | €1,320 | €1,376 | €348 | ▼ 74.7% |
| Suppliers440/4 | €154 | €1,320 | €1,376 | €348 | ▼ 74.7% |
| Taxes, remuneration and social security45 | €25,988 | €24,365 | €24,250 | €8,425 | ▼ 65.3% |
| Taxes450/3 | €25,988 | €24,365 | €24,250 | €8,425 | ▼ 65.3% |
| Other amounts payable47/48 | €1,420 | €161 | €574 | - | - |
| Accrued charges and deferred income492/3 | - | - | €580 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,580 | €47,411 | €46,350 | €48,675 | ▲ 5.0% |
| + Depreciation and write-downs630 | €455 | €1,458 | €3,423 | €2,485 | ▼ 27.4% |
| Operating cash flow (approximation) | €51,034 | €48,869 | €49,773 | €51,160 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | -€8,486 | -€1,185 | €3,083 | - |
| Change in cash | - | €28,266 | -€41,639 | -€12,278 | ▲ 70.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.