Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-05-2026 PDF all 4 filings
Equity
€1.5m▲ 99.2%
2024 · €732,143
Net result
€794,961▲ 126%
2024 · €351,649
Total assets
€5.3m▲ 241%
2024 · €1.6m
Solvency
27.5%▼ 19.5pp
2024 · 47.1%
In the rankings
#5 employer in Hasselt, Finance and insurance sector
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€1.1m
▲ 125%
2025
20222025
Net result
€794,961
▲ 126%
2025
highest quarter of the sector
20222025
Equity
€1.5m
▲ 99.2%
2025
middle half of the sector
20222025
Total assets
€5.3m
▲ 241%
2025
highest quarter of the sector
20222025
Debt
€3.8m
▲ 366%
2025
20222025
Working capital
€1.2m
▲ 100%
2025
highest quarter of the sector
20222025
Solvency
27.5%
▼ 19.5pp
2025
middle half of the sector
20222025
Current ratio
1.32
▼ 0.43
2025
middle half of the sector
20222025
Return on assets (ROA)
15.0%
▼ 7.6pp
2025
highest quarter of the sector
20222025
Staff (FTE)
14.8
▲ 57.4%
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€0.3m-€0.3m▼ 2.7%€0.5m▲ 80.7%€1.1m▲ 125%
Net result€0.2mabove the sector's middle half-€0.2mabove the sector's middle half▼ 4.7%€0.4mabove the sector's middle half▲ 79.1%€0.8mabove the sector's middle half▲ 126%
Equity€0.2mwithin the sector's middle half-€0.4mwithin the sector's middle half▲ 90.9%€0.7mwithin the sector's middle half▲ 77.6%€1.5mwithin the sector's middle half▲ 99.2%
Total assets€0.8mwithin the sector's middle half-€1.1mwithin the sector's middle half▲ 34.9%€1.6mwithin the sector's middle half▲ 45.9%€5.3mabove the sector's middle half▲ 241%
Debt€0.6m-€0.7m▲ 13.8%€0.8m▲ 26.0%€3.8m▲ 366%
Working capital€0.2mwithin the sector's middle half-€0.3mabove the sector's middle half▲ 65.1%€0.6mabove the sector's middle half▲ 77.6%€1.2mabove the sector's middle half▲ 100%
Solvency27.3%within the sector's middle half-38.7%within the sector's middle half▲ 11.4pp47.1%within the sector's middle half▲ 8.4pp27.5%within the sector's middle half▼ 19.5pp
Current ratio1.37within the sector's middle half-1.53within the sector's middle half▲ 0.171.75within the sector's middle half▲ 0.221.32within the sector's middle half▼ 0.43
Return on assets (ROA)26.1%above the sector's middle half-18.4%above the sector's middle half▼ 7.6pp22.6%above the sector's middle half▲ 4.2pp15.0%above the sector's middle half▼ 7.6pp
Staff (FTE)0below the sector's middle half-0within the sector's middle half9.4above the sector's middle half14.8above the sector's middle half▲ 57.4%
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 125% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
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
2025 in colour, 2024 as the grey bar beneath
Assets €5.3m
Fixed assets
€224,857 ▲ 94.7%
Current assets
€5.1m ▲ 252%
Equity and liabilities €5.3m
Equity
€1.5m ▲ 99.2%
Debt
€3.8m ▲ 366%
Debt's share of the balance-sheet total rises from 52.9% to 72.5%. Equity and debt are higher.
Key figures and ratios
ROE
54.5%▲
2024 · 48.0%
Debt ≤ 1 year
€3.8m▲
2024 · €823,044
Income taxes
€264,728▲
2024 · €118,480
Staff costs
€1.0m▲
2024 · €605,937
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 13 | 17 |
| full-time | 13 | 17 |
| part-time | 0 | 0 |
| in full-time equivalents | 13 | 17 |
| Average over the year, in full-time equivalents | 9.4 | 14.8 |
| On a permanent contract | 13 | 17 |
| Joined | 8 | 7 |
| Left | 0 | 3 |
| Training hours | 12 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €6,563 | €88,594 | €88,721 | €126,075 |
| Intangible fixed assets | - | - | €10,000 | €41,500 |
| Financial fixed assets | - | - | - | €11,400 |
| Depreciation and write-downs of the year | €912 | €29,153 | €48,331 | €73,232 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €8,250 awarded · €8,250 paidAnnual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.003m | €0.2m | €0.6m | €1.0m | ▲ 65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.03m | €0.05m | €0.07m | ▲ 51.5% |
| Other operating charges640/8 | €351 | €0.001m | €0.001m | €0.001m | ▲ 27.7% |
| Non-recurring operating charges66A | - | - | - | €0.002m | - |
| Gross operating margin9900 | €0.3m | €0.5m | €1.1m | €2.1m | ▲ 90.2% |
| Operating profit (loss)9901 | €0.3m | €0.3m | €0.5m | €1.1m | ▲ 125% |
| Financial income75/76B | €2 | €9 | €0.004m | €0.004m | ▲ 5.3% |
| Recurring financial income75 | €2 | €9 | €0.004m | €0.004m | ▲ 5.3% |
| Financial charges65/66B | €0.001m | €0.001m | €0.009m | €0.01m | ▲ 63.2% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.009m | €0.01m | ▲ 63.2% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | €0.5m | €1.1m | ▲ 125% |
| Income taxes67/77 | €0.06m | €0.07m | €0.1m | €0.3m | ▲ 123% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.4m | €0.8m | ▲ 126% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.4m | €0.4m | ▲ 12.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.8m | €1.1m | €1.6m | €5.3m | ▲ 241% |
| Fixed assets21/28 | €0.006m | €0.07m | €0.1m | €0.2m | ▲ 94.7% |
| Intangible fixed assets21 | - | - | €0.008m | €0.04m | ▲ 425% |
| Tangible fixed assets22/27 | €0.006m | €0.07m | €0.1m | €0.2m | ▲ 52.2% |
| Plant, machinery and equipment23 | €0.006m | €0.004m | €0.04m | €0.05m | ▲ 13.7% |
| Furniture and vehicles24 | - | €0.06m | €0.06m | €0.08m | ▲ 24.7% |
| Other tangible fixed assets26 | - | - | - | €0.03m | - |
| Financial fixed assets28 | - | - | - | €0.02m | - |
| Current assets29/58 | €0.8m | €1.0m | €1.4m | €5.1m | ▲ 252% |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.9m | €3.1m | ▲ 259% |
| Trade receivables40 | €0.4m | €0.6m | €0.7m | €2.4m | ▲ 226% |
| Other amounts receivable41 | €0.08m | €0.05m | €0.1m | €0.7m | ▲ 456% |
| Current investments50/53 | - | €0.3m | €0.4m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.3m | €0.01m | €0.08m | €1.9m | ▲ 24× |
| Deferred charges and accrued income490/1 | €0.01m | €0.03m | €0.08m | €0.06m | ▼ 26.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.8m | €1.1m | €1.6m | €5.3m | ▲ 241% |
| Equity10/15 | €0.2m | €0.4m | €0.7m | €1.5m | ▲ 99.2% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.2m | €0.4m | €0.7m | €1.4m | ▲ 101% |
| Tax-exempt reserves132 | - | - | - | €0.4m | - |
| Distributable reserves133 | €0.2m | €0.4m | €0.7m | €1.0m | ▲ 45.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.6m | €0.7m | €0.8m | €3.8m | ▲ 366% |
| Amounts payable within one year42/48 | €0.6m | €0.7m | €0.8m | €3.8m | ▲ 366% |
| Financial debts43 | €10 | €0.003m | €0.007m | €0.06m | ▲ 778% |
| Credit institutions430/8 | €10 | €0.003m | €0.007m | €0.06m | ▲ 778% |
| Trade debts44 | €0.5m | €0.5m | €0.5m | €3.5m | ▲ 579% |
| Suppliers440/4 | €0.5m | €0.5m | €0.5m | €3.5m | ▲ 579% |
| Taxes, remuneration and social security45 | €0.06m | €0.1m | €0.3m | €0.2m | ▼ 24.9% |
| Taxes450/3 | €0.06m | €0.07m | €0.2m | €0.1m | ▼ 42.6% |
| Remuneration and social security454/9 | - | €0.04m | €0.07m | €0.09m | ▲ 29.5% |
| Other amounts payable47/48 | - | €326 | €0.03m | €0.07m | ▲ 160% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.4m | €0.8m | ▲ 126% |
| + Depreciation and write-downs630 | €0.001m | €0.03m | €0.05m | €0.07m | ▲ 51.5% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.4m | €0.9m | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€0.09m | -€0.1m | -€0.2m | ▼ 85.0% |
| Change in cash | - | -€0.2m | €0.07m | €1.8m | ▲ 27× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.