Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 21-05-2026 PDF all 3 filings
Turnover
≈ €120,000
Estimated: probably between €56,000 and €240,000
Total assets
€7.7m▼ 1.9%
2024 · €7.9m
Net result
-€128,811
2024 · €29,861
Working capital
-€386,642▼ 23.7%
2024 · -€312,442
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€20,279
▼ 87.6%
2025
20232025
Net result
-€128,811
2025
lowest quarter of the sector
20232025
Equity
€3.4m
▼ 3.7%
2025
highest quarter of the sector
20232025
Total assets
€7.7m
▼ 1.9%
2025
highest quarter of the sector
20232025
Debt
€4.3m
▼ 0.5%
2025
20232025
Working capital
-€386,642
▼ 23.7%
2025
lowest quarter of the sector
20232025
Solvency
44.1%
▼ 0.8pp
2025
middle half of the sector
20232025
Current ratio
0.41
▼ 0.16
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
-1.7%
▼ 2.1pp
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€0.8m-€0.2m▼ 80.2%€0.02m▼ 87.6%
Net result€0.9mabove the sector's middle half-€0.03mwithin the sector's middle half▼ 96.7%-€0.1mbelow the sector's middle half
Equity€3.5mabove the sector's middle half-€3.5mabove the sector's middle half▲ 0.9%€3.4mabove the sector's middle half▼ 3.7%
Total assets€7.7mabove the sector's middle half-€7.9mabove the sector's middle half▲ 2.1%€7.7mabove the sector's middle half▼ 1.9%
Debt€4.2m-€4.3m▲ 3.1%€4.3m▼ 0.5%
Working capital-€0.6mbelow the sector's middle half--€0.3mbelow the sector's middle half▲ 43.5%-€0.4mbelow the sector's middle half▼ 23.7%
Solvency45.4%within the sector's middle half-44.9%within the sector's middle half▼ 0.5pp44.1%within the sector's middle half▼ 0.8pp
Current ratio0.26below the sector's middle half-0.57below the sector's middle half▲ 0.320.41below the sector's middle half▼ 0.16
Return on assets (ROA)11.6%within the sector's middle half-0.4%within the sector's middle half▼ 11.3pp-1.7%below the sector's middle half▼ 2.1pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 88% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated 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 €7.7m
Fixed assets
€7.4m =
Current assets
€272,040 ▼ 35.4%
Equity and liabilities €7.7m
Equity
€3.4m ▼ 3.7%
Debt
€4.3m ▼ 0.5%
Debt's share of the balance-sheet total rises from 55.1% to 55.9%. Equity and debt are lower.
Key figures and ratios
ROE
-3.8%▼
2024 · 0.8%
Debt ≤ 1 year
€658,682▼
2024 · €733,683
Debt > 1 year
€3.6m▲
2024 · €3.6m
Income taxes
€0▼
2024 · €7,465
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €7.5m | - | - |
| Depreciation and write-downs of the year | €36,452 | €0 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0 | - | - |
| Other operating charges640/8 | €456 | €118 | €0 | ▼ 100% |
| Gross operating margin9900 | €0.9m | €0.2m | €0.02m | ▼ 87.6% |
| Operating profit (loss)9901 | €0.8m | €0.2m | €0.02m | ▼ 87.6% |
| Financial income75/76B | €0.4m | €0 | - | - |
| Recurring financial income75 | €0.4m | €0 | - | - |
| Financial charges65/66B | €0.2m | €0.1m | €0.1m | ▲ 18.4% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.1m | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €1.1m | €0.04m | -€0.1m | - |
| Income taxes67/77 | €0.2m | €0.007m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.9m | €0.03m | -€0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.03m | -€0.1m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7.7m | €7.9m | €7.7m | ▼ 1.9% |
| Fixed assets21/28 | €7.5m | €7.4m | €7.4m | = |
| Financial fixed assets28 | €7.5m | €7.4m | €7.4m | = |
| Current assets29/58 | €0.2m | €0.4m | €0.3m | ▼ 35.4% |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.3m | ▼ 34.5% |
| Trade receivables40 | €0.2m | €0.4m | €0.3m | ▼ 34.6% |
| Other amounts receivable41 | - | - | €326 | - |
| Cash at bank and in hand54/58 | €0.006m | €0.01m | €0.003m | ▼ 76.4% |
| Deferred charges and accrued income490/1 | €225 | €229 | €0.001m | ▲ 549% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7.7m | €7.9m | €7.7m | ▼ 1.9% |
| Equity10/15 | €3.5m | €3.5m | €3.4m | ▼ 3.7% |
| Contributions10/11 | €2.6m | €2.6m | €2.6m | = |
| Capital10 | €2.6m | €2.6m | €2.6m | = |
| Issued capital100 | €2.6m | €2.6m | €2.6m | = |
| Reserves13 | €0.9m | €0.9m | €0.8m | ▼ 13.9% |
| Non-distributable reserves130/1 | €0.04m | €0.05m | €0.05m | = |
| Legal reserve130 | €0.04m | €0.05m | €0.05m | = |
| Distributable reserves133 | €0.9m | €0.9m | €0.8m | ▼ 14.7% |
| Amounts payable17/49 | €4.2m | €4.3m | €4.3m | ▼ 0.5% |
| Amounts payable after more than one year17 | €3.4m | €3.6m | €3.6m | ▲ 1.4% |
| Financial debts170/4 | €3.4m | €3.6m | €3.6m | ▲ 1.4% |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €0.7m | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | €0.5m | €0.5m | €0.5m | = |
| Trade debts44 | €0.06m | €0.04m | €0.1m | ▲ 236% |
| Suppliers440/4 | €0.06m | €0.04m | €0.1m | ▲ 236% |
| Taxes, remuneration and social security45 | €0.2m | €0.2m | €0 | ▼ 100% |
| Taxes450/3 | €0.2m | €0.2m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €0.001m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0.03m | €0.04m | €0.04m | ▲ 13.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €895,372 | €29,861 | -€128,811 | - |
| + Depreciation and write-downs630 | €36,452 | €0 | - | - |
| Operating cash flow (approximation) | €931,824 | €29,861 | -€128,811 | - |
| Investment in fixed assets (approximation) | - | €68,478 | €0 | ▼ 100% |
| Change in cash | - | €6,227 | -€9,659 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.