Financials · financial year 2025, abbreviated format
2025 annual accounts filed 4 days after the deadline Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389892.
Annual accounts 2025 filed on 04-08-2026 at the NBB
Equity
€51,903
Net result
€46,903
Total assets
€223,914
Solvency
23.2%
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
Assets €223,914
Fixed assets
€158,823
Current assets
€65,090
Equity and liabilities €223,914
Equity
€51,903
Debt
€172,011
Debt's share of the balance-sheet total is 76.8%.
Key figures and ratios
ROE
90.4%
ROA
20.9%
Debt ≤ 1 year
€60,245
Debt > 1 year
€110,766
Income taxes
€17,221
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €3,255 |
| Intangible fixed assets | €4,463 |
| Financial fixed assets | €152,573 |
| Depreciation and write-downs of the year | €1,467 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,467 |
| Other operating charges640/8 | €536 |
| Gross operating margin9900 | €72,450 |
| Operating profit (loss)9901 | €70,446 |
| Financial charges65/66B | €6,323 |
| Recurring financial charges65 | €6,323 |
| Profit (loss) for the period before taxes9903 | €64,123 |
| Income taxes67/77 | €17,221 |
| Profit (loss) for the period9904 | €46,903 |
| Profit (loss) for the period to be appropriated9905 | €46,903 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €223,914 | |
| Fixed assets21/28 | €158,823 | |
| Intangible fixed assets21 | €3,479 | |
| Tangible fixed assets22/27 | €2,771 | |
| Plant, machinery and equipment23 | €1,067 | |
| Furniture and vehicles24 | €1,704 | |
| Financial fixed assets28 | €152,573 | |
| Current assets29/58 | €65,090 | |
| Amounts receivable within one year40/41 | €41,132 | |
| Trade receivables40 | €8,632 | |
| Other amounts receivable41 | €32,500 | |
| Cash at bank and in hand54/58 | €23,378 | |
| Deferred charges and accrued income490/1 | €580 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €223,914 | |
| Equity10/15 | €51,903 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €46,903 | |
| Distributable reserves133 | €46,903 | |
| Amounts payable17/49 | €172,011 | |
| Amounts payable after more than one year17 | €110,766 | |
| Financial debts170/4 | €110,766 | |
| Amounts payable within one year42/48 | €60,245 | |
| Current portion of amounts payable after more than one year42 | €21,599 | |
| Trade debts44 | €627 | |
| Suppliers440/4 | €627 | |
| Taxes, remuneration and social security45 | €25,519 | |
| Taxes450/3 | €25,519 | |
| Other amounts payable47/48 | €12,500 | |
| Accrued charges and deferred income492/3 | €1,000 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €46,903 |
| + Depreciation and write-downs630 | €1,467 |
| Operating cash flow (approximation) | €48,370 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-08-2026 | 2026-00389892 |