Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 14 filings
Amounts without an identifiable currency are taken as euros.
Equity
€4.5m▲ 15.5%
2024 · €3.9m
Net result
€1.2m▲ 14.9%
2024 · €1.0m
Total assets
€6.1m▲ 28.8%
2024 · €4.7m
Solvency
74.7%▼ 8.6pp
2024 · 83.2%
In the rankings
#4 company by equity in Aubel, Finance and insurance sector#5 company by total assets in Aubel, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€570,760
▲ 7.6%
2025
20182025
Net result
€1.2m
▲ 14.9%
2025
highest quarter of the sector
20182025
Equity
€4.5m
▲ 15.5%
2025
highest quarter of the sector
20182025
Total assets
€6.1m
▲ 28.8%
2025
highest quarter of the sector
20182025
Debt
€1.5m
▲ 94.6%
2025
20182025
Working capital
€371,848
▲ 532%
2025
highest quarter of the sector
20182025
Solvency
74.7%
▼ 8.6pp
2025
highest quarter of the sector
20182025
Current ratio
1.46
▲ 0.37
2025
middle half of the sector
20182025
Return on assets (ROA)
19.1%
▼ 2.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0-
Operating result€0.4m-€0.4m▲ 1.3%€0.6m▲ 60.2%€0.6m▼ 2.3%€0.6m▼ 0.3%€0.6m▼ 2.7%€0.5m▼ 4.2%€0.6m▲ 7.6%
Net result€0.3m-€0.3m▼ 3.8%€0.5mabove the sector's middle half▲ 84.4%€0.7mabove the sector's middle half▲ 21.8%€0.8mabove the sector's middle half▲ 18.0%€0.8mabove the sector's middle half▲ 0.4%€1.0mabove the sector's middle half▲ 27.1%€1.2mabove the sector's middle half▲ 14.9%
Equity€0.7m-€0.9m▲ 30.3%€1.3mabove the sector's middle half▲ 35.9%€1.8mabove the sector's middle half▲ 45.2%€2.5mabove the sector's middle half▲ 37.7%€3.2mabove the sector's middle half▲ 27.5%€3.9mabove the sector's middle half▲ 22.1%€4.5mabove the sector's middle half▲ 15.5%
Total assets€1.5m-€2.2m▲ 43.1%€3.5mabove the sector's middle half▲ 59.5%€3.5mabove the sector's middle half▲ 2.2%€3.9mabove the sector's middle half▲ 8.7%€4.1mabove the sector's middle half▲ 6.9%€4.7mabove the sector's middle half▲ 14.6%€6.1mabove the sector's middle half▲ 28.8%
Debt€0.8m-€1.2m▲ 54.3%€2.2m▲ 77.1%€1.7m▼ 22.4%€1.3m▼ 22.3%€0.9m▼ 32.2%€0.8m▼ 12.3%€1.5m▲ 94.6%
Working capital-€0.03m--€0.06m▼ 71.9%-€0.5mbelow the sector's middle half▼ 757%-€0.3mbelow the sector's middle half▲ 36.2%€0.07mwithin the sector's middle half-€0.08mbelow the sector's middle half€0.06mwithin the sector's middle half€0.4mabove the sector's middle half▲ 532%
Solvency46.9%-42.7%▼ 4.2pp36.4%within the sector's middle half▼ 6.3pp51.7%within the sector's middle half▲ 15.3pp65.5%above the sector's middle half▲ 13.8pp78.1%above the sector's middle half▲ 12.6pp83.2%above the sector's middle half▲ 5.1pp74.7%above the sector's middle half▼ 8.6pp
Current ratio0.86-0.89▲ 0.040.28below the sector's middle half▼ 0.620.48below the sector's middle half▲ 0.201.12within the sector's middle half▲ 0.640.82below the sector's middle half▼ 0.301.10within the sector's middle half▲ 0.281.46within the sector's middle half▲ 0.37
Return on assets (ROA)20.4%-13.7%▼ 6.7pp15.9%within the sector's middle half▲ 2.1pp18.9%above the sector's middle half▲ 3.0pp20.5%above the sector's middle half▲ 1.6pp19.3%above the sector's middle half▼ 1.2pp21.4%above the sector's middle half▲ 2.1pp19.1%within the sector's middle half▼ 2.3pp
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 8% 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 €6.1m
Fixed assets
€4.9m ▲ 20.9%
Current assets
€1.2m ▲ 76.5%
Equity and liabilities €6.1m
Equity
€4.5m ▲ 15.5%
Debt
€1.5m ▲ 94.6%
Debt's share of the balance-sheet total rises from 16.8% to 25.3%. Equity and debt are higher.
Key figures and ratios
ROE
25.6%▼
2024 · 25.7%
Debt ≤ 1 year
€803,575▲
2024 · €607,257
Debt > 1 year
€735,813▲
2024 · €181,340
Income taxes
€260,705▲
2024 · €231,614
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.5m | €1.1m | €773,167 | €477,945 | €979,340 |
| Mortgage mandates | €302,500 | €302,500 | €302,500 | €302,500 | €1.1m |
| Carrying value of the mortgaged assets | - | - | - | €1.4m | €2.2m |
| Pledge on other assets, amount secured | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m |
| Carrying value of the other pledged assets | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,467 | €34,409 | €602,708 | €344,031 | €952,218 |
| Depreciation and write-downs of the year | €42,720 | €42,071 | €52,719 | €67,850 | €103,913 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.04m | €0.04m | €0.04m | €0.04m | €0.05m | €0.07m | €0.1m | ▲ 53.2% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.003m | €0.007m | €0.005m | €0.007m | ▲ 28.5% |
| Gross operating margin9900 | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 12.9% |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | €0.6m | ▲ 7.6% |
| Financial income75/76B | - | - | - | €0.3m | €0.5m | €0.5m | €0.7m | €0.9m | ▲ 18.8% |
| Recurring financial income75 | €0.08m | €0.08m | €0.2m | €0.3m | €0.5m | €0.5m | €0.7m | €0.9m | ▲ 18.8% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.009m | ▼ 29.6% |
| Recurring financial charges65 | €0.009m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.009m | ▼ 29.6% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.4m | €0.7m | €0.9m | €1.0m | €1.0m | €1.2m | €1.4m | ▲ 14.5% |
| Income taxes67/77 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 12.6% |
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.5m | €0.7m | €0.8m | €0.8m | €1.0m | €1.2m | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | €0.5m | €0.7m | €0.8m | €0.8m | €1.0m | €1.2m | ▲ 14.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €2.2m | €3.5m | €3.5m | €3.9m | €4.1m | €4.7m | €6.1m | ▲ 28.8% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €1.3m | €1.7m | €3.3m | €3.2m | €3.2m | €3.8m | €4.0m | €4.9m | ▲ 20.9% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.3m | €0.7m | €0.7m | €0.6m | €0.6m | €1.2m | €1.4m | €2.3m | ▲ 58.5% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €1.1m | €1.4m | €2.3m | ▲ 59.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.04m | €0.03m | €0.03m | ▲ 5.4% |
| Financial fixed assets28 | €1.0m | €1.0m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Current assets29/58 | €0.2m | €0.5m | €0.2m | €0.3m | €0.6m | €0.3m | €0.7m | €1.2m | ▲ 76.5% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | €0.2m | €0.001m | €0.001m | - | - | €0.2m | €0.5m | ▲ 157% |
| Trade receivables40 | - | - | - | €0.001m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €0.2m | €0.5m | ▲ 157% |
| Current investments50/53 | €0 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.2m | €0.3m | €0.6m | €0.3m | €0.5m | €0.6m | ▲ 38.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.003m | €0.01m | €0.03m | ▲ 153% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €2.2m | €3.5m | €3.5m | €3.9m | €4.1m | €4.7m | €6.1m | ▲ 28.8% |
| Equity10/15 | €0.7m | €0.9m | €1.3m | €1.8m | €2.5m | €3.2m | €3.9m | €4.5m | ▲ 15.5% |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.3m | €0.6m | €1.1m | €1.7m | €2.4m | €3.1m | €3.8m | €4.4m | ▲ 16.0% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €1.7m | €2.4m | €3.1m | €3.8m | €4.4m | ▲ 16.0% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.2m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Amounts payable17/49 | €0.8m | €1.2m | €2.2m | €1.7m | €1.3m | €0.9m | €0.8m | €1.5m | ▲ 94.6% |
| Amounts payable after more than one year17 | €0.6m | €0.7m | €1.5m | €1.1m | €0.8m | €0.5m | €0.2m | €0.7m | ▲ 306% |
| Financial debts170/4 | - | - | - | €1.1m | €0.8m | €0.5m | €0.2m | €0.7m | ▲ 309% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.002m | €0.002m | = |
| Amounts payable within one year42/48 | €0.2m | €0.6m | €0.7m | €0.6m | €0.5m | €0.4m | €0.6m | €0.8m | ▲ 32.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 17.8% |
| Trade debts44 | €0.002m | €0.3m | €0.003m | €0.002m | €0.003m | €0.004m | €0.004m | €0.008m | ▲ 120% |
| Suppliers440/4 | - | - | - | €0.002m | €0.003m | €0.004m | €0.004m | €0.008m | ▲ 120% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.01m | €0.001m | €76 | ▼ 85.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.01m | €344 | €76 | ▼ 77.8% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €200 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.1m | €0.3m | €0.5m | ▲ 80.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.008m | €0.005m | €0.003m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.5m | €0.7m | €0.8m | €0.8m | €1.0m | €1.2m | ▲ 14.9% |
| + Depreciation and write-downs630 | €0.03m | €0.04m | €0.04m | €0.04m | €0.04m | €0.05m | €0.07m | €0.1m | ▲ 53.2% |
| Operating cash flow (approximation) | €0.3m | €0.3m | €0.6m | €0.7m | €0.8m | €0.8m | €1.1m | €1.3m | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€1.6m | -€0.02m | -€0.03m | -€0.6m | -€0.3m | -€1.0m | ▼ 177% |
| Change in cash | - | €0.05m | -€0.07m | €0.1m | €0.3m | -€0.3m | €0.1m | €0.2m | ▲ 55.1% |
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 | abbreviated format | 24-06-2026 | 2026-00194055 | |
| 31-12-2024 | full format | 02-07-2025 | 2025-00225432 | |
| 31-12-2023 | full format | 01-07-2024 | 2024-00213516 | |
| 31-12-2022 | full format | 05-06-2023 | 2023-00106842 | |
| 31-12-2021 | full format | 04-05-2022 | 2022-20021387 | |
| 31-12-2020 | full format | 27-07-2021 | 2021-41100191 | |
| 31-12-2019 | micro format | 24-03-2020 | 2020-07400412 | |
| 31-12-2018 | micro format | 28-02-2019 | 2019-06300586 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-16300100 | |
| 31-12-2016 | micro format | 26-04-2017 | 2017-10400180 |