Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-05-2026 PDF all 4 filings
Equity
€26,529▼ 70.9%
2024 · €91,142
Net result
€39,904▲ 12.2%
2024 · €35,555
Total assets
€153,917▲ 30.4%
2024 · €118,070
Solvency
17.2%▼ 60.0pp
2024 · 77.2%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€52,083
▲ 13.4%
2025
20222025
Net result
€39,904
▲ 12.2%
2025
middle half of the sector
20222025
Equity
€26,529
▼ 70.9%
2025
lowest quarter of the sector
20222025
Total assets
€153,917
▲ 30.4%
2025
middle half of the sector
20222025
Debt
€127,388
▲ 373%
2025
20222025
Working capital
€19,908
▼ 75.9%
2025
middle half of the sector
20222025
Solvency
17.2%
▼ 60.0pp
2025
lowest quarter of the sector
20222025
Current ratio
1.16
▼ 2.91
2025
middle half of the sector
20222025
Return on assets (ROA)
25.9%
▼ 4.2pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€41,226-€43,367▲ 5.2%€45,932▲ 5.9%€52,083▲ 13.4%
Net result€33,593within the sector's middle half-€34,461within the sector's middle half▲ 2.6%€35,555within the sector's middle half▲ 3.2%€39,904within the sector's middle half▲ 12.2%
Equity€29,293below the sector's middle half-€56,420within the sector's middle half▲ 92.6%€91,142within the sector's middle half▲ 61.5%€26,529below the sector's middle half▼ 70.9%
Total assets€64,304below the sector's middle half-€86,419below the sector's middle half▲ 34.4%€118,070below the sector's middle half▲ 36.6%€153,917within the sector's middle half▲ 30.4%
Debt€35,012-€29,999▼ 14.3%€26,928▼ 10.2%€127,388▲ 373%
Working capital€20,321within the sector's middle half-€50,223within the sector's middle half▲ 147%€82,688within the sector's middle half▲ 64.6%€19,908within the sector's middle half▼ 75.9%
Solvency45.6%within the sector's middle half-65.3%within the sector's middle half▲ 19.7pp77.2%within the sector's middle half▲ 11.9pp17.2%below the sector's middle half▼ 60.0pp
Current ratio1.59within the sector's middle half-2.72within the sector's middle half▲ 1.134.07within the sector's middle half▲ 1.351.16within the sector's middle half▼ 2.91
Return on assets (ROA)52.2%above the sector's middle half-39.9%above the sector's middle half▼ 12.4pp30.1%above the sector's middle half▼ 9.8pp25.9%within the sector's middle half▼ 4.2pp
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 13% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover and EBIT margin are not published. The 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 €153,917
Fixed assets
€6,621 ▼ 21.7%
Current assets
€147,296 ▲ 34.4%
Equity and liabilities €153,917
Equity
€26,529 ▼ 70.9%
Debt
€127,388 ▲ 373%
Debt's share of the balance-sheet total rises from 22.8% to 82.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
150.4%▲
2024 · 39.0%
Debt ≤ 1 year
€127,388▲
2024 · €26,928
Income taxes
€11,744▲
2024 · €9,622
Staff costs
€381
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €11,074 | - | €4,925 | €1,043 |
| Financial fixed assets | - | - | - | €0 |
| Depreciation and write-downs of the year | €1,463 | €2,534 | €3,058 | €2,876 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €381 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,463 | €2,534 | €3,058 | €2,876 | ▼ 6.0% |
| Other operating charges640/8 | €102 | €109 | €507 | €743 | ▲ 46.5% |
| Gross operating margin9900 | €42,791 | €46,010 | €49,497 | €56,083 | ▲ 13.3% |
| Operating profit (loss)9901 | €41,226 | €43,367 | €45,932 | €52,083 | ▲ 13.4% |
| Financial income75/76B | €1 | - | €116 | €198 | ▲ 70.7% |
| Recurring financial income75 | €1 | - | €116 | €198 | ▲ 70.7% |
| Financial charges65/66B | €575 | €1,039 | €871 | €633 | ▼ 27.3% |
| Recurring financial charges65 | €575 | €1,039 | €871 | €633 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €40,652 | €42,328 | €45,177 | €51,647 | ▲ 14.3% |
| Income taxes67/77 | €7,060 | €7,868 | €9,622 | €11,744 | ▲ 22.0% |
| Profit (loss) for the period9904 | €33,593 | €34,461 | €35,555 | €39,904 | ▲ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €33,593 | €34,461 | €35,555 | €39,904 | ▲ 12.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64,304 | €86,419 | €118,070 | €153,917 | ▲ 30.4% |
| Fixed assets21/28 | €9,611 | €7,077 | €8,454 | €6,621 | ▼ 21.7% |
| Tangible fixed assets22/27 | €9,611 | €7,077 | €8,454 | €6,621 | ▼ 21.7% |
| Plant, machinery and equipment23 | €4,568 | €3,315 | €2,062 | €2,101 | ▲ 1.9% |
| Furniture and vehicles24 | €5,043 | €3,762 | €6,392 | €4,520 | ▼ 29.3% |
| Current assets29/58 | €54,693 | €79,342 | €109,616 | €147,296 | ▲ 34.4% |
| Amounts receivable within one year40/41 | €17,558 | €10,469 | €18,742 | €23,353 | ▲ 24.6% |
| Trade receivables40 | €17,558 | €10,469 | €15,943 | €23,008 | ▲ 44.3% |
| Other amounts receivable41 | - | - | €2,799 | €345 | ▼ 87.7% |
| Current investments50/53 | - | - | - | €72,078 | - |
| Cash at bank and in hand54/58 | €36,865 | €68,538 | €90,677 | €51,255 | ▼ 43.5% |
| Deferred charges and accrued income490/1 | €270 | €335 | €197 | €610 | ▲ 209% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64,304 | €86,419 | €118,070 | €153,917 | ▲ 30.4% |
| Equity10/15 | €29,293 | €56,420 | €91,142 | €26,529 | ▼ 70.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €26,293 | €53,420 | €88,142 | €23,529 | ▼ 73.3% |
| Distributable reserves133 | €26,293 | €53,420 | €88,142 | €23,529 | ▼ 73.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €35,012 | €29,999 | €26,928 | €127,388 | ▲ 373% |
| Amounts payable within one year42/48 | €34,372 | €29,119 | €26,928 | €127,388 | ▲ 373% |
| Trade debts44 | €2,985 | €1,254 | €2,002 | €1,459 | ▼ 27.1% |
| Suppliers440/4 | €2,985 | €1,254 | €2,002 | €1,459 | ▼ 27.1% |
| Taxes, remuneration and social security45 | €15,251 | €17,466 | €24,093 | €21,412 | ▼ 11.1% |
| Taxes450/3 | €15,251 | €17,466 | €24,093 | €21,412 | ▼ 11.1% |
| Other amounts payable47/48 | €16,135 | €10,399 | €833 | €104,516 | ▲ 125× |
| Accrued charges and deferred income492/3 | €640 | €880 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,593 | €34,461 | €35,555 | €39,904 | ▲ 12.2% |
| + Depreciation and write-downs630 | €1,463 | €2,534 | €3,058 | €2,876 | ▼ 6.0% |
| Operating cash flow (approximation) | €35,055 | €36,995 | €38,613 | €42,780 | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | €0 | -€4,435 | -€1,043 | ▲ 76.5% |
| Change in cash | - | €31,673 | €22,138 | -€39,422 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.