Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 34 filings
Equity
€2.8m▼ 2.1%
2024 · €2.9m
Net result
-€61,999
2024 · €427,167
Total assets
€4.2m▼ 9.2%
2024 · €4.7m
Solvency
66.7%▲ 4.8pp
2024 · 61.9%
In the rankings
#4 oldest company in Berlaar, Finance and insurance sector#7 company by equity in Berlaar, Finance and insurance sector#8 company by total assets in Berlaar, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€51,700
2025
20182025
Net result
-€61,999
2025
lowest quarter of the sector
20182025
Equity
€2.8m
▼ 2.1%
2025
highest quarter of the sector
20182025
Total assets
€4.2m
▼ 9.2%
2025
highest quarter of the sector
20182025
Debt
€1.4m
▼ 19.4%
2025
20182025
Working capital
€102,133
▼ 14.8%
2025
middle half of the sector
20182025
Solvency
66.7%
▲ 4.8pp
2025
middle half of the sector
20182025
Current ratio
1.22
▼ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
-1.5%
▼ 10.6pp
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
Operating result€0.04m-€0.07m▲ 70.3%€0.05m▼ 26.4%€0.1m▲ 139%€0.09m▼ 27.7%€0.1m▲ 27.1%€0.2m▲ 85.8%-€0.05m
Net result€0.03m-€0.1m▲ 325%€1.2mabove the sector's middle half▲ 838%€0.1mabove the sector's middle half▼ 88.4%€0.08mabove the sector's middle half▼ 42.1%€0.04mwithin the sector's middle half▼ 51.1%€0.4mabove the sector's middle half▲ 975%-€0.06mbelow the sector's middle half
Equity€0.9m-€1.0m▲ 15.1%€2.2mabove the sector's middle half▲ 123%€2.3mabove the sector's middle half▲ 6.4%€2.4mabove the sector's middle half▲ 3.5%€2.5mabove the sector's middle half▲ 1.6%€2.9mabove the sector's middle half▲ 17.4%€2.8mabove the sector's middle half▼ 2.1%
Total assets€1.8m-€2.0m▲ 12.2%€4.8mabove the sector's middle half▲ 137%€5.0mabove the sector's middle half▲ 4.1%€4.7mabove the sector's middle half▼ 6.9%€4.5mabove the sector's middle half▼ 3.3%€4.7mabove the sector's middle half▲ 3.0%€4.2mabove the sector's middle half▼ 9.2%
Debt€1.0m-€1.0m▲ 6.1%€2.6m▲ 159%€2.7m▲ 2.2%€2.3m▼ 16.0%€2.1m▼ 8.6%€1.7m▼ 15.5%€1.4m▼ 19.4%
Working capital-€0.5m--€0.09m▲ 79.3%-€1.2mbelow the sector's middle half▼ 1,196%-€1.3mbelow the sector's middle half▼ 7.7%-€1.2mbelow the sector's middle half▲ 12.3%-€0.2mbelow the sector's middle half▲ 81.6%€0.1mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 14.8%
Solvency47.1%-48.3%▲ 1.2pp45.5%within the sector's middle half▼ 2.8pp46.5%within the sector's middle half▲ 1.0pp51.7%within the sector's middle half▲ 5.2pp54.3%within the sector's middle half▲ 2.6pp61.9%within the sector's middle half▲ 7.6pp66.7%within the sector's middle half▲ 4.8pp
Current ratio0.15-0.80▲ 0.640.37below the sector's middle half▼ 0.430.31below the sector's middle half▼ 0.060.23below the sector's middle half▼ 0.080.65below the sector's middle half▲ 0.421.23within the sector's middle half▲ 0.581.22within the sector's middle half▼ 0.01
Return on assets (ROA)1.7%-6.4%▲ 4.7pp25.1%above the sector's middle half▲ 18.8pp2.8%within the sector's middle half▼ 22.3pp1.7%within the sector's middle half▼ 1.1pp0.9%below the sector's middle half▼ 0.9pp9.2%within the sector's middle half▲ 8.3pp-1.5%below the sector's middle half▼ 10.6pp
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 a loss of €51,700, after a profit of €222,620 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The abbreviated or micro 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 €4.2m
Fixed assets
€3.7m ▼ 8.7%
Current assets
€559,374 ▼ 12.5%
Equity and liabilities €4.2m
Equity
€2.8m ▼ 2.1%
Provisions
€0 ▼ 100%
Debt
€1.4m ▼ 19.4%
Debt's share of the balance-sheet total falls from 37.5% to 33.3%. Equity and debt are lower.
Key figures and ratios
ROE
-2.2%▼
2024 · 14.8%
Debt ≤ 1 year
€457,241▼
2024 · €519,249
Debt > 1 year
€934,301▼
2024 · €1.2m
Income taxes
€9,622▼
2024 · €22,859
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €473,749 | €148,139 | €23,328 | €32,572 | €11,319 |
| Depreciation and write-downs of the year | €157,030 | €189,981 | €219,100 | €141,793 | €121,103 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.02m | €15 | €0.1m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0.003m | €0.003m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.07m | €0.09m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 14.6% |
| Other operating charges640/8 | - | - | - | €0.008m | €0.02m | €0.03m | €0.02m | €0.2m | ▲ 721% |
| Non-recurring operating charges66A | - | - | - | - | €0.01m | - | - | - | - |
| Gross operating margin9900 | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 31.1% |
| Operating profit (loss)9901 | €0.04m | €0.07m | €0.05m | €0.1m | €0.09m | €0.1m | €0.2m | -€0.05m | - |
| Financial income75/76B | - | - | - | €0.03m | €0.001m | €482 | €0.3m | €5 | ▼ 100.0% |
| Recurring financial income75 | €284 | €0.001m | €0.001m | €41 | €0.001m | €482 | €0.3m | €5 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €0.03m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.08m | €0.04m | €0.03m | ▼ 24.8% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.08m | €0.04m | €0.03m | ▼ 24.8% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.2m | €1.2m | €0.1m | €0.08m | €0.04m | €0.5m | -€0.08m | - |
| Transfer from deferred taxes780 | - | - | - | - | - | - | - | €0.03m | - |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Income taxes67/77 | - | €0.01m | - | €241 | €253 | €0.001m | €0.02m | €0.01m | ▼ 57.9% |
| Profit (loss) for the period9904 | €0.03m | €0.1m | €1.2m | €0.1m | €0.08m | €0.04m | €0.4m | -€0.06m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €0.09m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0.09m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.05m | €1.3m | €0.1m | €0.08m | €0.04m | €0.3m | €0.03m | ▼ 92.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €2.0m | €4.8m | €5.0m | €4.7m | €4.5m | €4.7m | €4.2m | ▼ 9.2% |
| Fixed assets21/28 | €1.7m | €1.7m | €4.1m | €4.4m | €4.3m | €4.1m | €4.0m | €3.7m | ▼ 8.7% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €4.1m | €4.4m | €4.3m | €4.1m | €4.0m | €3.7m | ▼ 8.7% |
| Land and buildings22 | - | - | - | €4.4m | €4.2m | €4.0m | €3.9m | €3.6m | ▼ 6.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.03m | €0.03m | ▲ 2.3% |
| Leasing and similar rights25 | - | - | - | €0.06m | €0.1m | €0.1m | €0.08m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.3m | €0.3m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.08m | €0.4m | €0.7m | €0.6m | €0.4m | €0.4m | €0.6m | €0.6m | ▼ 12.5% |
| Amounts receivable within one year40/41 | €0.06m | €0.08m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.9% |
| Trade receivables40 | - | - | - | €0.08m | €0.07m | €0.09m | €0.09m | €0.06m | ▼ 26.4% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.03m | €0.02m | €0.01m | €0.03m | ▲ 175% |
| Cash at bank and in hand54/58 | €0.007m | €0.3m | €0.5m | €0.4m | €0.2m | €0.1m | €0.4m | €0.5m | ▲ 8.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.04m | €0.2m | €0.1m | €0.005m | ▼ 95.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €4.8m | €5.0m | €4.7m | €4.5m | €4.7m | €4.2m | ▼ 9.2% |
| Equity10/15 | €0.9m | €1.0m | €2.2m | €2.3m | €2.4m | €2.5m | €2.9m | €2.8m | ▼ 2.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | - | €0.06m | - |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | - | €0.06m | - |
| Reserves13 | €0.8m | €0.9m | €2.1m | €2.3m | €2.4m | €2.4m | €2.8m | €2.8m | ▼ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | - | €0.006m | - |
| Other1319 | - | - | - | - | - | - | €0.006m | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | €0.09m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €2.3m | €2.3m | €2.4m | €2.7m | €2.8m | ▲ 0.9% |
| Provisions and deferred taxes16 | - | €0.03m | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Deferred taxes168 | - | - | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Amounts payable17/49 | €1.0m | €1.0m | €2.6m | €2.7m | €2.3m | €2.1m | €1.7m | €1.4m | ▼ 19.4% |
| Amounts payable after more than one year17 | €0.4m | €0.6m | €0.7m | €0.8m | €0.7m | €1.5m | €1.2m | €0.9m | ▼ 23.9% |
| Financial debts170/4 | - | - | - | €0.8m | €0.7m | €1.5m | €1.2m | €0.9m | ▼ 23.9% |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €1.9m | €1.9m | €1.5m | €0.6m | €0.5m | €0.5m | ▼ 11.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 22.5% |
| Financial debts43 | - | - | - | €0.002m | €0.002m | €0.002m | - | €0.008m | - |
| Credit institutions430/8 | - | - | - | €0.002m | €0.002m | €0.002m | - | €0.008m | - |
| Trade debts44 | €0.08m | €0.002m | €0.04m | €0.006m | €0.005m | €0.001m | €0.04m | €0.005m | ▼ 84.7% |
| Suppliers440/4 | - | - | - | €0.006m | €0.005m | €0.001m | €0.04m | €0.005m | ▼ 84.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.01m | €0.03m | €0.03m | €0.04m | ▲ 30.8% |
| Taxes450/3 | - | - | - | €0.005m | €0.01m | €0.03m | €0.03m | €0.03m | ▲ 34.5% |
| Remuneration and social security454/9 | - | - | - | €0.003m | - | €0.001m | €0.003m | €0.003m | ▲ 0.5% |
| Other amounts payable47/48 | - | - | - | €1.5m | €1.4m | €0.3m | €0.2m | €0.2m | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.1m | €1.2m | €0.1m | €0.08m | €0.04m | €0.4m | -€0.06m | - |
| + Depreciation and write-downs630 | €0.07m | €0.07m | €0.09m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 14.6% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €1.3m | €0.3m | €0.3m | €0.3m | €0.6m | €0.06m | ▼ 89.6% |
| Investment in fixed assets (approximation) | - | -€0.005m | -€2.5m | -€0.5m | -€0.08m | -€0.02m | -€0.03m | €0.2m | - |
| Change in cash | - | €0.2m | €0.3m | -€0.06m | -€0.2m | -€0.1m | €0.3m | €0.04m | ▼ 88.8% |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00253523 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00339086 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00226964 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00263511 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20134892 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38300510 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21900471 | |
| 31-12-2018 | micro format | 02-07-2019 | 2019-26900132 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-27000194 | |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-27100128 |