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ActiveFinancials · financial year 2025, full 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, 2026-00500094.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 19 filings
Equity
€173,424▲ 12.4%
2024 · €154,306
Net result
€19,119
2024 · -€175
Total assets
€4.2m▲ 4.2%
2024 · €4.0m
Solvency
4.1%▲ 0.3pp
2024 · 3.8%
In the rankings
#6 company by total assets in Beersel, Finance and insurance sector#7 oldest company in Beersel, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€128,717
▲ 15.1%
2025
20182025
Operating result
€26,647
▲ 871%
2025
20182025
Net result
€19,119
2025
middle half of the sector
20182025
Equity
€173,424
▲ 12.4%
2025
lowest quarter of the sector
20182025
Total assets
€4.2m
▲ 4.2%
2025
middle half of the sector
20182025
Debt
€4.0m
▲ 3.9%
2025
20182025
Working capital
-€1.1m
▲ 1.6%
2025
lowest quarter of the sector
20182025
Solvency
4.1%
▲ 0.3pp
2025
lowest quarter of the sector
20182025
Current ratio
0.36
▲ 0.07
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.5%
▲ 0.5pp
2025
middle half 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
Turnover€1.3m-€0.3m▼ 73.2%€0.3m▼ 16.6%€0.3m▼ 6.7%€0.3m=€0.1m▼ 51.5%€0.1m▼ 12.5%€0.1m▲ 15.1%
Operating result€0.1m-€0.06m▼ 41.3%€0.09m▲ 59.7%-€0.003m-€0.4m▼ 12,554%€0.02m€0.003m▼ 81.9%€0.03m▲ 871%
Net result€0.1m-€0.05m▼ 44.5%€0.09mwithin the sector's middle half▲ 65.5%-€0.006mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 11,389%€0.01mwithin the sector's middle half-€175below the sector's middle half€0.02mwithin the sector's middle half
Equity€0.7m-€0.7m▲ 7.8%€0.8mwithin the sector's middle half▲ 12.0%€0.8mwithin the sector's middle half▼ 0.7%€0.1mbelow the sector's middle half▼ 82.3%€0.2mbelow the sector's middle half▲ 7.1%€0.2mbelow the sector's middle half▼ 0.1%€0.2mbelow the sector's middle half▲ 12.4%
Total assets€4.4m-€4.4m▲ 0.1%€4.8mwithin the sector's middle half▲ 7.5%€4.6mwithin the sector's middle half▼ 3.6%€4.0mwithin the sector's middle half▼ 13.2%€3.9mwithin the sector's middle half▼ 3.2%€4.0mwithin the sector's middle half▲ 4.0%€4.2mwithin the sector's middle half▲ 4.2%
Debt€3.8m-€3.7m▼ 1.3%€3.9m▲ 6.6%€3.8m▼ 4.1%€3.9m▲ 1.7%€3.7m▼ 3.6%€3.9m▲ 4.2%€4.0m▲ 3.9%
Working capital-€0.9m--€0.8m▲ 6.0%-€0.7mbelow the sector's middle half▲ 10.3%-€0.7mbelow the sector's middle half▼ 0.6%-€1.2mbelow the sector's middle half▼ 54.3%-€1.1mbelow the sector's middle half▲ 0.9%-€1.1mbelow the sector's middle half=-€1.1mbelow the sector's middle half▲ 1.6%
Solvency15.3%-16.5%▲ 1.2pp17.2%below the sector's middle half▲ 0.7pp17.7%below the sector's middle half▲ 0.5pp3.6%below the sector's middle half▼ 14.1pp4.0%below the sector's middle half▲ 0.4pp3.8%below the sector's middle half▼ 0.2pp4.1%below the sector's middle half▲ 0.3pp
Current ratio0.41-0.43▲ 0.020.56within the sector's middle half▲ 0.130.51within the sector's middle half▼ 0.050.28below the sector's middle half▼ 0.230.22below the sector's middle half▼ 0.060.29below the sector's middle half▲ 0.080.36below the sector's middle half▲ 0.07
Return on assets (ROA)2.2%-1.2%▼ 1.0pp1.8%within the sector's middle half▲ 0.6pp-0.1%below the sector's middle half▼ 2.0pp-16.8%below the sector's middle half▼ 16.7pp0.3%within the sector's middle half▲ 17.1pp0.0%below the sector's middle half▼ 0.3pp0.5%within the sector's middle half▲ 0.5pp
Staff (FTE)3.5-0.8▼ 77.1%
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 9.7 times that of 2024 and the highest since 2020. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€3.6m =
Current assets
€640,952 ▲ 35.6%
Equity and liabilities €4.2m
Equity
€173,424 ▲ 12.4%
Debt
€4.0m ▲ 3.9%
Debt's share of the balance-sheet total falls from 96.2% to 95.9%. Equity and debt are higher.
Key figures and ratios
ROE
11.0%▲
2024 · -0.1%
Debt ≤ 1 year
€1.8m▲
2024 · €1.6m
Debt > 1 year
€2.3m=
2024 · €2.3m
Income taxes
€10▼
2024 · €335
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | €667,061 | €56,774 | €81,281 | €3,451 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €413 |
| Depreciation and write-downs of the year | €812 | €812 | €326 | - | €21 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €3,871 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 15.9% |
| Turnover70 | €1.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 15.1% |
| Other operating income74 | - | - | - | €0.06m | €0.02m | €0.003m | €0.002m | €0.004m | ▲ 51.4% |
| Operating charges60/66A | - | - | - | €0.3m | €0.7m | €0.1m | €0.1m | €0.1m | ▼ 5.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €494 | €464 | - | - | - |
| Purchases600/8 | - | - | - | - | €494 | €464 | - | - | - |
| Services and other goods61 | - | - | - | €0.3m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €486 | €0.001m | €0.001m | €326 | - | €21 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.4m | €0.01m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.003m | €207 | €0.002m | €0.001m | ▼ 46.5% |
| Operating profit (loss)9901 | €0.1m | €0.06m | €0.09m | -€0.003m | -€0.4m | €0.02m | €0.003m | €0.03m | ▲ 871% |
| Financial income75/76B | - | - | - | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 0.2% |
| Recurring financial income75 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 0.2% |
| Income from current assets751 | - | - | - | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 0.7% |
| Other financial income752/9 | - | - | - | - | - | - | €26 | €34 | ▲ 30.5% |
| Financial charges65/66B | - | - | - | €0.006m | €0.3m | €0.007m | €0.004m | €0.009m | ▲ 113% |
| Recurring financial charges65 | €0.004m | €0.006m | €0.005m | €0.006m | €0.007m | €0.007m | €0.004m | €0.009m | ▲ 113% |
| Debt charges650 | €0.004m | €0.006m | €0.004m | €0.005m | €0.006m | €0.006m | €0.004m | €0.009m | ▲ 120% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €486 | €163 | €66 | ▼ 59.7% |
| Non-recurring financial charges66B | - | - | - | - | €0.3m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.05m | €0.09m | -€0.006m | -€0.7m | €0.01m | €160 | €0.02m | ▲ 119× |
| Income taxes67/77 | - | - | €0.001m | €300 | €0.001m | - | €335 | €10 | ▼ 97.0% |
| Taxes670/3 | - | - | - | €300 | €0.001m | - | €335 | €10 | ▼ 97.0% |
| Profit (loss) for the period9904 | €0.1m | €0.05m | €0.09m | -€0.006m | -€0.7m | €0.01m | -€175 | €0.02m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.05m | €0.09m | -€0.006m | -€0.7m | €0.01m | -€175 | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.4m | €4.4m | €4.8m | €4.6m | €4.0m | €3.9m | €4.0m | €4.2m | ▲ 4.2% |
| Fixed assets21/28 | €3.8m | €3.8m | €3.8m | €3.8m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Tangible fixed assets22/27 | - | - | €0.002m | €0.001m | €326 | - | - | €391 | - |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €326 | - | - | €391 | - |
| Financial fixed assets28 | €3.8m | €3.8m | €3.8m | €3.8m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Affiliated companies280/1 | - | - | - | €3.8m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Participating interests280 | - | - | - | €3.8m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Other financial fixed assets284/8 | - | - | - | - | - | - | - | €400 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | - | - | €400 | - |
| Current assets29/58 | €0.6m | €0.6m | €1.0m | €0.8m | €0.4m | €0.3m | €0.5m | €0.6m | ▲ 35.6% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.9m | €0.8m | €0.4m | €0.3m | €0.5m | €0.6m | ▲ 22.5% |
| Trade receivables40 | - | - | - | €0.5m | €0.2m | €0.1m | €0.3m | €0.3m | ▲ 19.9% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 26.9% |
| Cash at bank and in hand54/58 | €0.006m | €0.02m | €0.03m | €0.001m | €387 | €0.001m | €0.01m | €0.07m | ▲ 596% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.002m | €0.003m | - | €0.006m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.4m | €4.4m | €4.8m | €4.6m | €4.0m | €3.9m | €4.0m | €4.2m | ▲ 4.2% |
| Equity10/15 | €0.7m | €0.7m | €0.8m | €0.8m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 12.4% |
| Contributions10/11 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Capital10 | - | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Issued capital100 | - | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Revaluation surpluses12 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| 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 | = |
| Profit (loss) carried forward14 | -€2.0m | -€2.0m | -€1.9m | -€1.9m | -€2.6m | -€2.6m | -€2.6m | -€2.5m | ▲ 0.7% |
| Amounts payable17/49 | €3.8m | €3.7m | €3.9m | €3.8m | €3.9m | €3.7m | €3.9m | €4.0m | ▲ 3.9% |
| Amounts payable after more than one year17 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Financial debts170/4 | - | - | - | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Subordinated loans170 | - | - | - | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.7m | €1.5m | €1.6m | €1.5m | €1.6m | €1.8m | ▲ 9.3% |
| Trade debts44 | €0.8m | €0.02m | €0.05m | €0.04m | €0.03m | €0.01m | €0.01m | €0.01m | ▼ 27.9% |
| Suppliers440/4 | - | - | - | €0.04m | €0.03m | €0.01m | €0.01m | €0.01m | ▼ 27.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €0.7m | €0.08m | €0.003m | €384 | ▼ 88.9% |
| Taxes450/3 | - | - | - | €0.7m | €0.7m | €0.08m | €0.003m | - | - |
| Remuneration and social security454/9 | - | - | - | - | €0.007m | - | - | €384 | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.9m | €1.4m | €1.6m | €1.8m | ▲ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €400 | - | - | €30 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,777 | €53,188 | €88,040 | -€5,841 | -€671,024 | €10,186 | -€175 | €19,119 | - |
| + Depreciation and write-downs630 | - | - | €486 | €812 | €812 | €326 | - | €21 | - |
| Operating cash flow (approximation) | €95,777 | €53,188 | €88,526 | -€5,028 | -€670,212 | €10,513 | -€175 | €19,140 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,437 | €0 | €263,900 | €0 | €0 | -€813 | - |
| Change in cash | - | €12,267 | €10,751 | -€28,035 | -€353 | €1,027 | €8,296 | €57,826 | ▲ 597% |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00500094 | |
| 31-12-2024 | full format | 07-09-2026 | 2026-00510607 | |
| 31-12-2023 | full format | 07-09-2026 | 2026-00510511 | |
| 31-12-2022 | full format | 07-09-2026 | 2026-00510702 | |
| 31-12-2021 | full format | 28-07-2022 | 2022-20235218 | |
| 31-12-2020 | full format | 13-07-2021 | 2021-34900554 | |
| 31-12-2019 | full format | 26-06-2020 | 2020-24800562 | |
| 31-12-2018 | full format | 25-07-2019 | 2019-37900011 | |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-26800149 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25900061 |