Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464378.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 17 filings
Amounts without an identifiable currency are taken as euros.
Equity
€4.7m▲ 0.1%
2024 · €4.7m
Net result
€5,245▼ 44.9%
2024 · €9,513
Total assets
€10.0m▼ 2.8%
2024 · €10.3m
Solvency
47.5%▲ 1.4pp
2024 · 46.2%
In the rankings
#9 company by total assets in Kapellen, Finance and insurance sector#9 company by equity in Kapellen, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€341,494
▲ 4.1%
2025
20182025
Net result
€5,245
▼ 44.9%
2025
middle half of the sector
20182025
Equity
€4.7m
▲ 0.1%
2025
highest quarter of the sector
20182025
Total assets
€10.0m
▼ 2.8%
2025
highest quarter of the sector
20182025
Debt
€5.2m
▼ 5.3%
2025
20182025
Working capital
-€4.5m
▼ 2.1%
2025
lowest quarter of the sector
20182025
Solvency
47.5%
▲ 1.4pp
2025
middle half of the sector
20182025
Current ratio
0.00
▼ 0.06
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.1%
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.6m
Operating result€0.5m-€0.5m▲ 6.9%€0.5m▲ 5.6%€0.5m▼ 1.7%€0.4m▼ 25.8%€0.5m▲ 17.6%€0.3m▼ 29.2%€0.3m▲ 4.1%
Net result€0.09m-€0.1m▲ 40.2%€0.2mabove the sector's middle half▲ 52.9%€0.2mabove the sector's middle half▼ 5.0%€0.07mwithin the sector's middle half▼ 59.9%€0.1mwithin the sector's middle half▲ 67.9%€0.01mwithin the sector's middle half▼ 92.1%€0.005mwithin the sector's middle half▼ 44.9%
Equity€5.1m-€5.2m▲ 1.8%€5.4mabove the sector's middle half▲ 3.0%€5.5mabove the sector's middle half▲ 2.8%€5.6mabove the sector's middle half▲ 1.3%€5.7mabove the sector's middle half▲ 2.2%€4.7mabove the sector's middle half▼ 17.3%€4.7mabove the sector's middle half▲ 0.1%
Total assets€10.4m-€10.0m▼ 4.0%€10.6mabove the sector's middle half▲ 5.7%€10.0mabove the sector's middle half▼ 5.1%€10.0mabove the sector's middle half=€10.5mabove the sector's middle half▲ 4.1%€10.3mabove the sector's middle half▼ 1.6%€10.0mabove the sector's middle half▼ 2.8%
Debt€5.3m-€4.8m▼ 9.7%€5.2m▲ 8.6%€4.5m▼ 13.4%€4.4m▼ 1.5%€4.7m▲ 6.5%€5.5m▲ 17.4%€5.2m▼ 5.3%
Working capital-€4.2m--€4.5m▼ 8.3%-€3.9mbelow the sector's middle half▲ 14.4%-€4.2mbelow the sector's middle half▼ 9.9%-€4.2mbelow the sector's middle half▲ 1.9%-€3.5mbelow the sector's middle half▲ 15.0%-€4.4mbelow the sector's middle half▼ 23.9%-€4.5mbelow the sector's middle half▼ 2.1%
Solvency49.3%-52.3%▲ 3.0pp50.9%within the sector's middle half▼ 1.3pp55.2%within the sector's middle half▲ 4.2pp55.9%within the sector's middle half▲ 0.7pp54.9%within the sector's middle half▼ 1.0pp46.2%within the sector's middle half▼ 8.7pp47.5%within the sector's middle half▲ 1.4pp
Current ratio0.10-0.01▼ 0.090.14below the sector's middle half▲ 0.130.01below the sector's middle half▼ 0.120.01below the sector's middle half=0.12below the sector's middle half▲ 0.100.06below the sector's middle half▼ 0.050.00below the sector's middle half▼ 0.06
Return on assets (ROA)0.8%-1.2%▲ 0.4pp1.8%within the sector's middle half▲ 0.6pp1.8%within the sector's middle half=0.7%within the sector's middle half▼ 1.1pp1.2%within the sector's middle half▲ 0.4pp0.1%below the sector's middle half▼ 1.1pp0.1%below the sector's middle half=
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 4% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.0m
Fixed assets
€10.0m =
Current assets
€12,504 ▼ 95.8%
Equity and liabilities €10.0m
Equity
€4.7m ▲ 0.1%
Provisions
€4,917 =
Debt
€5.2m ▼ 5.3%
Debt's share of the balance-sheet total falls from 53.8% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.1%▼
2024 · 0.2%
Debt ≤ 1 year
€4.5m▼
2024 · €4.7m
Debt > 1 year
€757,000▼
2024 · €855,000
Income taxes
€6,680▼
2024 · €12,058
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €613,000 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,974 | €2,054 | €2,534 | €11,882 | €2,736 | ▼ 77.0% |
| Gross operating margin9900 | €480,723 | €513,593 | €542,203 | €533,155 | €396,116 | €465,759 | €339,920 | €344,230 | ▲ 1.3% |
| Operating profit (loss)9901 | €478,700 | €511,697 | €540,186 | €531,181 | €394,061 | €463,225 | €328,039 | €341,494 | ▲ 4.1% |
| Financial income75/76B | - | - | - | €0 | €0 | €0 | €0 | €26 | - |
| Recurring financial income75 | €0 | €0 | - | €0 | €0 | €0 | €0 | €26 | - |
| Financial charges65/66B | - | - | - | €297,894 | €292,612 | €287,374 | €306,468 | €329,595 | ▲ 7.5% |
| Recurring financial charges65 | €368,951 | €350,541 | €299,899 | €297,894 | €292,612 | €287,374 | €306,468 | €329,595 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €109,749 | €161,156 | €240,287 | €233,287 | €101,449 | €175,851 | €21,571 | €11,925 | ▼ 44.7% |
| Income taxes67/77 | €21,379 | €37,294 | €50,930 | €53,332 | €29,329 | €54,791 | €12,058 | €6,680 | ▼ 44.6% |
| Profit (loss) for the period9904 | €88,371 | €123,861 | €189,357 | €179,954 | €72,120 | €121,061 | €9,513 | €5,245 | ▼ 44.9% |
| Profit (loss) for the period to be appropriated9905 | €88,371 | €123,861 | €189,357 | €179,954 | €72,120 | €121,061 | €9,513 | €5,245 | ▼ 44.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10.4m | €10.0m | €10.6m | €10.0m | €10.0m | €10.5m | €10.3m | €10.0m | ▼ 2.8% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Current assets29/58 | €0.5m | €0.03m | €0.6m | €0.06m | €0.06m | €0.5m | €0.3m | €0.01m | ▼ 95.8% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - | - | - | - | - |
| Current investments50/53 | €0 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.001m | €182 | €0.1m | €0.002m | €0.005m | €0.002m | €0.002m | €465 | ▼ 76.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.06m | €0.5m | €0.3m | €0.01m | ▼ 95.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10.4m | €10.0m | €10.6m | €10.0m | €10.0m | €10.5m | €10.3m | €10.0m | ▼ 2.8% |
| Equity10/15 | €5.1m | €5.2m | €5.4m | €5.5m | €5.6m | €5.7m | €4.7m | €4.7m | ▲ 0.1% |
| Contributions10/11 | €5.1m | €5.1m | - | €5.1m | €5.1m | €5.1m | €4.2m | €4.2m | = |
| Reserves13 | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.02m | €0 | - | - |
| Profit (loss) carried forward14 | €0.03m | €0.1m | €0.3m | €0.4m | €0.5m | €0.6m | €0.5m | €0.5m | ▲ 1.0% |
| Provisions and deferred taxes16 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Pensions and similar obligations160 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Amounts payable17/49 | €5.3m | €4.8m | €5.2m | €4.5m | €4.4m | €4.7m | €5.5m | €5.2m | ▼ 5.3% |
| Amounts payable after more than one year17 | €0.7m | €0.2m | €0.7m | €0.2m | €0.2m | €0.7m | €0.9m | €0.8m | ▼ 11.5% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.7m | €0.9m | €0.8m | ▼ 11.5% |
| Amounts payable within one year42/48 | €4.6m | €4.5m | €4.5m | €4.3m | €4.2m | €4.0m | €4.7m | €4.5m | ▼ 4.1% |
| Trade debts44 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | ▲ 57.7% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | ▲ 57.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 18.0% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 18.0% |
| Other amounts payable47/48 | - | - | - | €4.1m | €4.0m | €3.8m | €4.4m | €4.3m | ▼ 3.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,371 | €123,861 | €189,357 | €179,954 | €72,120 | €121,061 | €9,513 | €5,245 | ▼ 44.9% |
| + Depreciation and write-downs630 | €0 | €0 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €88,371 | €123,861 | €189,357 | €179,954 | €72,120 | €121,061 | €9,513 | €5,245 | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€320 | €100,558 | -€98,782 | €2,913 | -€2,448 | -€462 | -€1,495 | ▼ 224% |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00464378 | |
| 31-12-2024 | abbreviated format | 26-05-2025 | 2025-00105800 | |
| 31-12-2023 | abbreviated format | 28-05-2024 | 2024-00098186 | |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00353333 | |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20141580 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34500599 | |
| 31-12-2019 | abbreviated format | 04-09-2020 | 2020-50600275 | |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-51900473 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-22800491 | |
| 31-12-2016 | abbreviated format | 29-05-2017 | 2017-14500542 |