VIZIER
Open bankruptcyFinancials · financial year 2025, abbreviated format
2025 annual accounts filed late (15 days) Filed on 15 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00411326.
Turnover
≈ €150,000
Estimated: probably between €90,000 and €280,000
Total assets
€90,657▲ 62.0%
2024 · €55,951
Net result
€43,309▲ 416%
2024 · €8,400
Working capital
-€128,522▲ 9.6%
2024 · -€142,131
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5.1 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€43,510
2025
Net result€43,309
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€90,657
2025
Equity-€91,322
2025
Debt€181,979
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€128,522
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)47.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-100.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.29
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€41,517--€3,661▲ 91.2%-€20,508▼ 460%-€302▲ 98.5%-€3,460▼ 1,045%-€2,039▲ 41.1%€8,552€43,510▲ 409%
Net result-€45,735--€17,038▲ 62.7%-€20,598below the sector's middle half▼ 20.9%€4,686within the sector's middle half-€3,607below the sector's middle half-€2,335within the sector's middle half▲ 35.3%€8,400within the sector's middle half€43,309within the sector's middle half▲ 416%
Equity-€104,140--€121,178▼ 16.4%-€141,776below the sector's middle half▼ 17.0%-€137,090below the sector's middle half▲ 3.3%-€140,697below the sector's middle half▼ 2.6%-€143,031below the sector's middle half▼ 1.7%-€134,631below the sector's middle half▲ 5.9%-€91,322below the sector's middle half▲ 32.2%
Total assets€107,622-€58,637▼ 45.5%€42,301below the sector's middle half▼ 27.9%€40,727below the sector's middle half▼ 3.7%€41,244below the sector's middle half▲ 1.3%€41,693below the sector's middle half▲ 1.1%€55,951below the sector's middle half▲ 34.2%€90,657below the sector's middle half▲ 62.0%
Debt€211,762-€179,815▼ 15.1%€184,077▲ 2.4%€177,817▼ 3.4%€181,941▲ 2.3%€184,724▲ 1.5%€190,582▲ 3.2%€181,979▼ 4.5%
Working capital-€74,599--€136,849▼ 83.4%-€141,776below the sector's middle half▼ 3.6%-€137,090below the sector's middle half▲ 3.3%-€140,697below the sector's middle half▼ 2.6%-€143,031below the sector's middle half▼ 1.7%-€142,131below the sector's middle half▲ 0.6%-€128,522below the sector's middle half▲ 9.6%
Solvency-96.8%--206.7%▼ 109.9pp-335.2%below the sector's middle half▼ 128.5pp-336.6%below the sector's middle half▼ 1.4pp-341.1%below the sector's middle half▼ 4.5pp-343.1%below the sector's middle half▼ 1.9pp-240.6%below the sector's middle half▲ 102.4pp-100.7%below the sector's middle half▲ 139.9pp
Current ratio0.36-0.24▼ 0.120.23below the sector's middle half▼ 0.010.23below the sector's middle half=0.23below the sector's middle half=0.23below the sector's middle half=0.25below the sector's middle half▲ 0.030.29below the sector's middle half▲ 0.04
Return on assets (ROA)-42.5%--29.1%▲ 13.4pp-48.7%below the sector's middle half▼ 19.6pp11.5%within the sector's middle half▲ 60.2pp-8.7%below the sector's middle half▼ 20.3pp-5.6%below the sector's middle half▲ 3.1pp15.0%above the sector's middle half▲ 20.6pp47.8%above the sector's middle half▲ 32.8pp
above
within
below
the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €90,657
Fixed assets
€37,200 ▲ 396%
Current assets
€53,457 ▲ 10.3%
Equity and liabilities
Equity-€91,322
Debt€181,979
Equity is negative: debt (€181,979) exceeds the balance-sheet total (€90,657).
Key figures and ratios
EBITDA
€52,810
Cash flow
€52,609
Interest coverage
over 100
Debt ≤ 1 year
€181,979▼
2024 · €190,582
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,207 | €17,038 | €15,671 | €0 | - | - | - | €9,300 | - |
| Other operating charges640/8 | - | - | - | €449 | €450 | - | - | - | - |
| Gross operating margin9900 | -€6,786 | €13,699 | -€4,137 | €146 | -€3,011 | -€2,039 | €8,552 | €52,810 | ▲ 518% |
| Operating profit (loss)9901 | -€41,517 | -€3,661 | -€20,508 | -€302 | -€3,460 | -€2,039 | €8,552 | €43,510 | ▲ 409% |
| Financial income75/76B | - | - | - | €5,000 | €0 | - | - | - | - |
| Recurring financial income75 | - | - | - | €5,000 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €12 | €146 | €295 | €152 | €201 | ▲ 32.4% |
| Recurring financial charges65 | €4,219 | €13,377 | €91 | €12 | €146 | €295 | €152 | €201 | ▲ 32.4% |
| Profit (loss) for the period before taxes9903 | -€45,735 | -€17,038 | -€20,598 | €4,686 | -€3,607 | -€2,335 | €8,400 | €43,309 | ▲ 416% |
| Profit (loss) for the period9904 | -€45,735 | -€17,038 | -€20,598 | €4,686 | -€3,607 | -€2,335 | €8,400 | €43,309 | ▲ 416% |
| Profit (loss) for the period to be appropriated9905 | -€45,735 | -€17,038 | -€20,598 | €4,686 | -€3,607 | -€2,335 | €8,400 | €43,309 | ▲ 416% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €107,622 | €58,637 | €42,301 | €40,727 | €41,244 | €41,693 | €55,951 | €90,657 | ▲ 62.0% |
| Fixed assets21/28 | €65,047 | €15,671 | - | - | - | - | €7,500 | €37,200 | ▲ 396% |
| Tangible fixed assets22/27 | €65,047 | €15,671 | - | - | - | - | €7,500 | €37,200 | ▲ 396% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €31,200 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €7,500 | €6,000 | ▼ 20.0% |
| Current assets29/58 | €42,576 | €42,966 | €42,301 | €40,727 | €41,244 | €41,693 | €48,451 | €53,457 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €42,523 | €41,260 | €40,655 | €40,655 | €41,180 | €41,536 | €48,383 | €53,284 | ▲ 10.1% |
| Trade receivables40 | - | - | - | €40,655 | €40,655 | €40,690 | €48,115 | €49,325 | ▲ 2.5% |
| Other amounts receivable41 | - | - | - | €0 | €525 | €846 | €268 | €3,959 | ▲ 15× |
| Cash at bank and in hand54/58 | €53 | €179 | €80 | €7 | €54 | €146 | €58 | €173 | ▲ 198% |
| Deferred charges and accrued income490/1 | - | - | - | €65 | €10 | €10 | €10 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €107,622 | €58,637 | €42,301 | €40,727 | €41,244 | €41,693 | €55,951 | €90,657 | ▲ 62.0% |
| Equity10/15 | -€104,140 | -€121,178 | -€141,776 | -€137,090 | -€140,697 | -€143,031 | -€134,631 | -€91,322 | ▲ 32.2% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | - | - | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | - | - | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Profit (loss) carried forward14 | -€167,140 | -€184,178 | -€204,776 | -€200,090 | -€203,697 | -€206,031 | -€197,631 | -€154,322 | ▲ 21.9% |
| Amounts payable17/49 | €211,762 | €179,815 | €184,077 | €177,817 | €181,941 | €184,724 | €190,582 | €181,979 | ▼ 4.5% |
| Amounts payable after more than one year17 | €94,587 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €117,175 | €179,815 | €184,077 | €177,817 | €181,941 | €184,724 | €190,582 | €181,979 | ▼ 4.5% |
| Trade debts44 | €28,857 | €348 | €3,386 | €4,816 | €3,184 | - | €5,688 | €24,735 | ▲ 335% |
| Suppliers440/4 | - | - | - | €4,816 | €3,184 | - | €5,688 | €24,735 | ▲ 335% |
| Taxes, remuneration and social security45 | - | - | - | €599 | €0 | - | €60 | €60 | = |
| Taxes450/3 | - | - | - | €599 | €0 | - | €60 | €60 | = |
| Other amounts payable47/48 | - | - | - | €172,403 | €178,757 | €184,724 | €184,835 | €157,184 | ▼ 15.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,735 | -€17,038 | -€20,598 | €4,686 | -€3,607 | -€2,335 | €8,400 | €43,309 | ▲ 416% |
| + Depreciation and write-downs630 | €33,207 | €17,038 | €15,671 | €0 | - | - | - | €9,300 | - |
| Operating cash flow (approximation) | -€12,529 | -€0 | -€4,927 | €4,686 | -€3,607 | -€2,335 | €8,400 | €52,609 | ▲ 526% |
| Investment in fixed assets (approximation) | - | €32,338 | - | - | - | - | - | -€39,000 | - |
| Change in cash | - | €126 | -€99 | -€73 | €46 | €93 | -€88 | €115 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-08-2026 | 2026-00411326 |
| 31-12-2024 | micro format | 15-07-2025 | 2025-00269721 |
| 31-12-2023 | micro format | 17-08-2024 | 2024-00349398 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00390793 |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20277642 |
| 31-12-2020 | micro format | 02-08-2021 | 2021-45600448 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-29000416 |
| 31-12-2018 | micro format | 28-06-2019 | 2019-26500024 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-39700184 |
| 31-12-2016 | micro format | 20-07-2017 | 2017-34200582 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 356 active companies whose main activity is rental and leasing activities (NACE 77120), figures are known for 234. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.