Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 18-11-2025 PDF all 14 filings
Equity
€6.8m▲ 0.7%
2024 · €6.7m
Net result
€84,890▲ 9.8%
2024 · €77,339
Total assets
€6.8m▲ 0.1%
2024 · €6.8m
Solvency
99.7%▲ 0.6pp
2024 · 99.1%
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€116,913
▲ 10.0%
2025
20192025
Net result
€84,890
▲ 9.8%
2025
middle half of the sector
20192025
Equity
€6.8m
▲ 0.7%
2025
highest quarter of the sector
20192025
Total assets
€6.8m
▲ 0.1%
2025
highest quarter of the sector
20192025
Debt
€20,215
▼ 67.7%
2025
20192025
Working capital
€735,184
▲ 8.1%
2025
highest quarter of the sector
20192025
Solvency
99.7%
▲ 0.6pp
2025
highest quarter of the sector
20192025
Current ratio
38.26
▲ 26.41
2025
highest quarter of the sector
20192025
Return on assets (ROA)
1.2%
▲ 0.1pp
2025
middle half of the sector
20192025
Staff (FTE)
0.6
▼ 25.0%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.2m-
Operating result€0.09m-€0.1m▲ 51.8%€0.1m▼ 10.7%€0.1m▲ 20.8%€0.1m▼ 20.7%€0.1m▼ 5.1%€0.1m▲ 10.0%
Net result€0.2m-€0.9mabove the sector's middle half▲ 432%€0.07mwithin the sector's middle half▼ 92.1%€0.5mabove the sector's middle half▲ 650%€0.08mwithin the sector's middle half▼ 85.4%€0.08mwithin the sector's middle half▼ 2.3%€0.08mwithin the sector's middle half▲ 9.8%
Equity€5.0m-€6.0mabove the sector's middle half▲ 18.1%€6.0mabove the sector's middle half▲ 1.2%€6.6mabove the sector's middle half▲ 9.0%€6.7mabove the sector's middle half▲ 1.2%€6.7mabove the sector's middle half▲ 1.2%€6.8mabove the sector's middle half▲ 0.7%
Total assets€6.0m-€6.5mabove the sector's middle half▲ 7.7%€6.4mabove the sector's middle half▼ 0.7%€7.0mabove the sector's middle half▲ 8.6%€6.8mabove the sector's middle half▼ 2.9%€6.8mabove the sector's middle half=€6.8mabove the sector's middle half▲ 0.1%
Debt€1.0m-€0.5m▼ 46.1%€0.4m▼ 22.7%€0.4m▲ 2.2%€0.1m▼ 67.3%€0.06m▼ 54.2%€0.02m▼ 67.7%
Working capital-€0.1m-€0.2mwithin the sector's middle half€0.2mwithin the sector's middle half▼ 9.0%€0.6mabove the sector's middle half▲ 297%€0.6mabove the sector's middle half▲ 1.8%€0.7mabove the sector's middle half▲ 5.2%€0.7mabove the sector's middle half▲ 8.1%
Solvency83.7%-91.8%above the sector's middle half▲ 8.1pp93.7%above the sector's middle half▲ 1.8pp94.0%above the sector's middle half▲ 0.4pp98.0%above the sector's middle half▲ 4.0pp99.1%above the sector's middle half▲ 1.1pp99.7%above the sector's middle half▲ 0.6pp
Current ratio0.78-1.67within the sector's middle half▲ 0.891.75within the sector's middle half▲ 0.083.16above the sector's middle half▲ 1.408.43above the sector's middle half▲ 5.2711.85above the sector's middle half▲ 3.4338.26above the sector's middle half▲ 26.41
Return on assets (ROA)2.9%-14.1%above the sector's middle half▲ 11.3pp1.1%within the sector's middle half▼ 13.0pp7.7%within the sector's middle half▲ 6.6pp1.2%within the sector's middle half▼ 6.6pp1.1%within the sector's middle half=1.2%within the sector's middle half▲ 0.1pp
Staff (FTE)1.7-0.8below the sector's middle half0.8within the sector's middle half=0.7within the sector's middle half▼ 12.5%0.8within the sector's middle half▲ 14.3%0.6within the sector's middle half▼ 25.0%
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 10% 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 €6.8m
Fixed assets
€6.0m ▼ 0.1%
Current assets
€754,913 ▲ 1.7%
Equity and liabilities €6.8m
Equity
€6.8m ▲ 0.7%
Debt
€20,215 ▼ 67.7%
Debt's share of the balance-sheet total falls from 0.9% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.3%▲
2024 · 1.1%
Debt ≤ 1 year
€19,729▼
2024 · €62,638
Income taxes
€30,907▲
2024 · €27,349
Staff costs
€30,302▼
2024 · €38,509
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €195,965 | €123,288 | €49,644 | - |
| Carrying value of the other pledged assets | €1.3m | €1.3m | €1.3m | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €221,718 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €34,019 | €33,720 | €38,509 | €30,302 | ▼ 21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,869 | €5,885 | €5,885 | €5,885 | €5,885 | = |
| Other operating charges640/8 | - | - | - | €1,446 | €1,534 | €1,802 | €1,718 | ▼ 4.7% |
| Gross operating margin9900 | - | €153,013 | €155,348 | €182,417 | €153,052 | €152,455 | €154,818 | ▲ 1.6% |
| Operating profit (loss)9901 | €86,120 | €130,709 | €116,756 | €141,067 | €111,913 | €106,258 | €116,913 | ▲ 10.0% |
| Financial income75/76B | - | - | - | €500,454 | €13 | €0 | €0 | - |
| Recurring financial income75 | €125,000 | €877,311 | €0 | €500,454 | €13 | €0 | €0 | - |
| Financial charges65/66B | - | - | - | €8,406 | €4,336 | €1,571 | €1,117 | ▼ 28.9% |
| Recurring financial charges65 | €19,318 | €11,918 | €9,030 | €8,406 | €4,336 | €1,571 | €1,117 | ▼ 28.9% |
| Debt charges650 | €19,025 | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €191,802 | €996,103 | €107,726 | €633,114 | €107,590 | €104,687 | €115,796 | ▲ 10.6% |
| Income taxes67/77 | €19,684 | €80,359 | €35,515 | €91,400 | €28,422 | €27,349 | €30,907 | ▲ 13.0% |
| Profit (loss) for the period9904 | €172,118 | €915,744 | €72,211 | €541,714 | €79,167 | €77,339 | €84,890 | ▲ 9.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €23,710 | €17,800 | €0 | €24,920 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €33,680 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €153,858 | €890,824 | €72,211 | €565,424 | €96,967 | €43,659 | €109,810 | ▲ 152% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6.0m | €6.5m | €6.4m | €7.0m | €6.8m | €6.8m | €6.8m | ▲ 0.1% |
| Fixed assets21/28 | €5.5m | €6.1m | €6.1m | €6.1m | €6.1m | €6.0m | €6.0m | ▼ 0.1% |
| Tangible fixed assets22/27 | - | - | €0.02m | €0.02m | €0.01m | €0.006m | €16 | ▼ 99.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.006m | €16 | ▼ 99.7% |
| Financial fixed assets28 | €5.5m | €6.1m | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Current assets29/58 | €0.5m | €0.4m | €0.4m | €0.9m | €0.7m | €0.7m | €0.8m | ▲ 1.7% |
| Amounts receivable within one year40/41 | €0.06m | €0.01m | €0.02m | €0.1m | €0.02m | €0.07m | €0.02m | ▼ 65.7% |
| Trade receivables40 | - | - | - | €0.1m | €0.02m | €0.05m | €0.02m | ▼ 59.0% |
| Other amounts receivable41 | - | - | - | €0 | - | €0.01m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.4m | €0.8m | €0.7m | €0.7m | €0.7m | ▲ 8.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €395 | €0.001m | ▲ 233% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6.0m | €6.5m | €6.4m | €7.0m | €6.8m | €6.8m | €6.8m | ▲ 0.1% |
| Equity10/15 | €5.0m | €6.0m | €6.0m | €6.6m | €6.7m | €6.7m | €6.8m | ▲ 0.7% |
| Contributions10/11 | €4.5m | €0 | - | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Reserves13 | €0.5m | €1.4m | €1.5m | €2.1m | €2.1m | €2.2m | €2.3m | ▲ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.02m | €0.06m | €0.03m | ▼ 42.5% |
| Distributable reserves133 | - | - | - | €2.0m | €2.1m | €2.1m | €2.2m | ▲ 3.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.0m | €0.5m | €0.4m | €0.4m | €0.1m | €0.06m | €0.02m | ▼ 67.7% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.2m | €0.1m | €0.05m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.05m | €0 | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.3m | €0.2m | €0.3m | €0.09m | €0.06m | €0.02m | ▼ 68.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.05m | €0 | ▼ 100% |
| Trade debts44 | €107 | €0.001m | €0.002m | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 29.8% |
| Suppliers440/4 | - | - | - | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 29.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.008m | €0.008m | €0.008m | ▼ 4.2% |
| Taxes450/3 | - | - | - | €0.09m | €0.005m | €0.005m | €0.008m | ▲ 52.4% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0.003m | €0.003m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.004m | €0.004m | €0.01m | ▲ 185% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €486 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €172,118 | €915,744 | €72,211 | €541,714 | €79,167 | €77,339 | €84,890 | ▲ 9.8% |
| + Depreciation and write-downs630 | - | - | €5,869 | €5,885 | €5,885 | €5,885 | €5,885 | = |
| Operating cash flow (approximation) | €172,118 | €915,744 | €78,080 | €547,599 | €85,053 | €83,224 | €90,775 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | -€528,787 | -€22,205 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€22,100 | -€68,518 | €463,575 | -€108,131 | -€32,504 | €54,314 | - |
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 |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 18-11-2025 | 2025-00569215 | |
| 30-06-2024 | abbreviated format | 18-11-2024 | 2024-00601331 | |
| 30-06-2023 | abbreviated format | 15-12-2023 | 2023-00530168 | |
| 30-06-2022 | abbreviated format | 10-11-2022 | 2022-20518347 | |
| 30-06-2021 | abbreviated format | 17-01-2022 | 2022-01300125 | |
| 30-06-2020 | abbreviated format | 01-02-2021 | 2021-03800293 | |
| 30-06-2019 | full format | 30-01-2020 | 2020-03700384 | |
| 30-06-2018 | full format | 15-11-2018 | 2018-72200469 | |
| 30-06-2017 | abbreviated format | 23-01-2018 | 2018-02100165 | |
| 30-06-2016 | abbreviated format | 20-01-2017 | 2017-01800247 |