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ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410957.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 14 filings
Equity
-€34,781▲ 30.9%
2024 · -€50,321
Net result
€15,539
2024 · -€54,201
Total assets
€30,224▲ 86.6%
2024 · €16,197
Solvency
-115.1%▲ 195.6pp
2024 · -310.7%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€17,519
2025
20182025
Net result
€15,539
2025
middle half of the sector
20182025
Equity
-€34,781
▲ 30.9%
2025
lowest quarter of the sector
20182025
Total assets
€30,224
▲ 86.6%
2025
lowest quarter of the sector
20182025
Debt
€65,005
▼ 2.3%
2025
20182025
Working capital
-€17,823
▲ 64.7%
2025
lowest quarter of the sector
20182025
Solvency
-115.1%
▲ 195.6pp
2025
lowest quarter of the sector
20182025
Current ratio
0.63
▲ 0.40
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
51.4%
▲ 386.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
1.7
▲ 70.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€134,802--€19,204€46,925€15,201▼ 67.6%-€20,955-€16,525▲ 21.1%-€56,513▼ 242%€17,519
Net result€135,171--€19,096€45,931within the sector's middle half€11,440within the sector's middle half▼ 75.1%-€21,575below the sector's middle half-€17,268below the sector's middle half▲ 20.0%-€54,201below the sector's middle half▼ 214%€15,539within the sector's middle half
Equity€4,449--€14,647€31,284within the sector's middle half€42,723within the sector's middle half▲ 36.6%€21,148below the sector's middle half▼ 50.5%€3,880below the sector's middle half▼ 81.7%-€50,321below the sector's middle half-€34,781below the sector's middle half▲ 30.9%
Total assets€9,520-€9,880▲ 3.8%€59,023below the sector's middle half▲ 497%€62,383below the sector's middle half▲ 5.7%€60,377below the sector's middle half▼ 3.2%€27,092below the sector's middle half▼ 55.1%€16,197below the sector's middle half▼ 40.2%€30,224below the sector's middle half▲ 86.6%
Debt€5,072-€24,527▲ 384%€27,739▲ 13.1%€19,659▼ 29.1%€39,228▲ 99.5%€23,211▼ 40.8%€66,518▲ 187%€65,005▼ 2.3%
Working capital€4,321--€2,147€50,784within the sector's middle half€59,474within the sector's middle half▲ 17.1%€24,752within the sector's middle half▼ 58.4%€2,262within the sector's middle half▼ 90.9%-€50,436below the sector's middle half-€17,823below the sector's middle half▲ 64.7%
Solvency46.7%--148.3%▼ 195.0pp53.0%within the sector's middle half▲ 201.3pp68.5%within the sector's middle half▲ 15.5pp35.0%within the sector's middle half▼ 33.5pp14.3%below the sector's middle half▼ 20.7pp-310.7%below the sector's middle half▼ 325.0pp-115.1%below the sector's middle half▲ 195.6pp
Current ratio1.85-0.82▼ 1.037.16above the sector's middle half▲ 6.3421.45above the sector's middle half▲ 14.282.29within the sector's middle half▼ 19.151.14within the sector's middle half▼ 1.150.23below the sector's middle half▼ 0.910.63below the sector's middle half▲ 0.40
Return on assets (ROA)-193.3%77.8%above the sector's middle half▲ 271.1pp18.3%within the sector's middle half▼ 59.5pp-35.7%below the sector's middle half▼ 54.1pp-63.7%below the sector's middle half▼ 28.0pp-334.6%below the sector's middle half▼ 270.9pp51.4%above the sector's middle half▲ 386.1pp
Staff (FTE)2.4-1.5▼ 37.5%1.5within the sector's middle half=1▼ 33.3%1=1=1=1.7▲ 70.0%
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 profit of €17,519, after a loss of €56,513 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.
Key figures and ratios
Debt ≤ 1 year
€48,046▼
2024 · €65,479
Debt > 1 year
€16,959▲
2024 · €1,039
Income taxes
€171▼
2024 · €174
Staff costs
€90,394▲
2024 · €36,160
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | - | - | - |
| full-time | 1 | - | - | - | - |
| in full-time equivalents | 1 | - | - | - | 2 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1.7 |
| On a permanent contract | 1 | 1 | 1 | 1 | 2 |
| Joined | 0 | - | - | - | 1 |
| Left | 1 | - | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €22,990 | - | - | - |
| Depreciation and write-downs of the year | - | €6,509 | €7,663 | €7,663 | €1,155 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €6,883 | €26,653 | €43,972 | €36,160 | €90,394 | ▲ 150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128 | €128 | - | - | €6,509 | €7,663 | €7,663 | €1,155 | ▼ 84.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €20 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €1,016 | - | €606 | €446 | ▼ 26.4% |
| Gross operating margin9900 | €136,403 | €348 | €80,027 | €22,431 | €13,222 | €35,130 | -€12,084 | €109,514 | - |
| Operating profit (loss)9901 | €134,802 | -€19,204 | €46,925 | €15,201 | -€20,955 | -€16,525 | -€56,513 | €17,519 | - |
| Financial income75/76B | - | - | - | €337 | €344 | €193 | €3,080 | - | - |
| Recurring financial income75 | €601 | €323 | €500 | €337 | €344 | €193 | €3,080 | - | - |
| Financial charges65/66B | - | - | - | €1,961 | €888 | €771 | €594 | €1,809 | ▲ 205% |
| Recurring financial charges65 | €232 | €214 | €1,495 | €1,961 | €888 | €771 | €594 | €1,809 | ▲ 205% |
| Profit (loss) for the period before taxes9903 | €135,171 | -€19,096 | €45,931 | €13,576 | -€21,500 | -€17,104 | -€54,027 | €15,710 | - |
| Income taxes67/77 | - | - | - | €2,137 | €75 | €164 | €174 | €171 | ▼ 2.1% |
| Profit (loss) for the period9904 | €135,171 | -€19,096 | €45,931 | €11,440 | -€21,575 | -€17,268 | -€54,201 | €15,539 | - |
| Profit (loss) for the period to be appropriated9905 | €135,171 | -€19,096 | €45,931 | €11,440 | -€21,575 | -€17,268 | -€54,201 | €15,539 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9,520 | €9,880 | €59,023 | €62,383 | €60,377 | €27,092 | €16,197 | €30,224 | ▲ 86.6% |
| Fixed assets21/28 | €128 | €0 | €0 | €0 | €16,481 | €8,818 | €1,155 | - | - |
| Tangible fixed assets22/27 | €128 | €0 | €0 | €0 | €16,481 | €8,818 | €1,155 | - | - |
| Furniture and vehicles24 | - | - | - | €0 | €16,481 | €8,818 | €1,155 | - | - |
| Current assets29/58 | €9,392 | €9,880 | €59,023 | €62,383 | €43,895 | €18,274 | €15,042 | €30,224 | ▲ 101% |
| Amounts receivable within one year40/41 | €8,607 | €7,993 | €12,884 | €19,140 | €13,155 | €12,335 | €13,161 | €30,065 | ▲ 128% |
| Trade receivables40 | - | - | - | €3,696 | €20 | €1,100 | €1,712 | €12,722 | ▲ 643% |
| Other amounts receivable41 | - | - | - | €15,444 | €13,135 | €11,235 | €11,449 | €17,343 | ▲ 51.5% |
| Cash at bank and in hand54/58 | €785 | €1,887 | €45,353 | €5,498 | €8,970 | €2,961 | €1,007 | €158 | ▼ 84.3% |
| Deferred charges and accrued income490/1 | - | - | - | €37,745 | €21,770 | €2,978 | €875 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9,520 | €9,880 | €59,023 | €62,383 | €60,377 | €27,092 | €16,197 | €30,224 | ▲ 86.6% |
| Equity10/15 | €4,449 | -€14,647 | €31,284 | €42,723 | €21,148 | €3,880 | -€50,321 | -€34,781 | ▲ 30.9% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1,304 | €1,304 | €1,304 | €1,304 | €1,304 | €1,304 | €1,304 | €1,304 | = |
| Non-distributable reserves130/1 | - | - | - | €1,304 | €1,304 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,304 | €1,304 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,304 | €1,304 | €1,304 | = |
| Profit (loss) carried forward14 | -€16,856 | -€35,951 | €9,979 | €21,419 | -€156 | -€17,424 | -€71,625 | -€56,085 | ▲ 21.7% |
| Amounts payable17/49 | €5,072 | €24,527 | €27,739 | €19,659 | €39,228 | €23,211 | €66,518 | €65,005 | ▼ 2.3% |
| Amounts payable after more than one year17 | - | €12,500 | €19,500 | €0 | €13,239 | €7,200 | €1,039 | €16,959 | ▲ 16× |
| Financial debts170/4 | - | - | - | €0 | €13,239 | €7,200 | €1,039 | €16,959 | ▲ 16× |
| Amounts payable within one year42/48 | €5,072 | €12,027 | €8,239 | €2,909 | €19,144 | €16,011 | €65,479 | €48,046 | ▼ 26.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,919 | €6,039 | €6,161 | €12,543 | ▲ 104% |
| Trade debts44 | €4,913 | €2,571 | €3,249 | €1,386 | €7,412 | €3,421 | €45,349 | €12,206 | ▼ 73.1% |
| Suppliers440/4 | - | - | - | €1,386 | €7,412 | €3,421 | €45,349 | €12,206 | ▼ 73.1% |
| Taxes, remuneration and social security45 | - | - | - | €1,523 | €5,812 | €6,551 | €5,527 | €13,428 | ▲ 143% |
| Taxes450/3 | - | - | - | €0 | €75 | €164 | €339 | €171 | ▼ 49.6% |
| Remuneration and social security454/9 | - | - | - | €1,523 | €5,737 | €6,387 | €5,188 | €13,257 | ▲ 156% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | €8,441 | €9,870 | ▲ 16.9% |
| Accrued charges and deferred income492/3 | - | - | - | €16,751 | €6,846 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,171 | -€19,096 | €45,931 | €11,440 | -€21,575 | -€17,268 | -€54,201 | €15,539 | - |
| + Depreciation and write-downs630 | €128 | €128 | - | - | €6,509 | €7,663 | €7,663 | €1,155 | ▼ 84.9% |
| Operating cash flow (approximation) | €135,299 | -€18,968 | €45,931 | €11,440 | -€15,066 | -€9,605 | -€46,538 | €16,694 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€22,990 | €0 | €0 | - | - |
| Change in cash | - | €1,102 | €43,466 | -€39,855 | €3,473 | -€6,009 | -€1,954 | -€848 | ▲ 56.6% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00410957 | |
| 31-12-2024 | micro format | 02-08-2025 | 2025-00354153 | |
| 31-12-2023 | micro format | 09-09-2024 | 2024-00459298 | |
| 31-12-2022 | micro format | 04-08-2023 | 2023-00312867 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20289223 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54500123 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-26000004 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58700355 | |
| 31-12-2017 | micro format | 29-04-2019 | 2019-11400102 | |
| 31-12-2016 | micro format | 21-03-2018 | 2018-07200590 |