Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 3 filings
Equity
€9,190▲ 64.5%
2024 · €5,588
Net result
€3,602▼ 35.5%
2024 · €5,589
Total assets
€540,041▼ 1.2%
2024 · €546,718
Solvency
1.7%▲ 0.7pp
2024 · 1.0%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€13,005
▼ 15.2%
2025
20232025
Net result
€3,602
▼ 35.5%
2025
lowest quarter of the sector
20232025
Equity
€9,190
▲ 64.5%
2025
lowest quarter of the sector
20232025
Total assets
€540,041
▼ 1.2%
2025
lowest quarter of the sector
20232025
Debt
€530,851
▼ 1.9%
2025
20232025
Working capital
€10,634
2025
middle half of the sector
20232025
Solvency
1.7%
▲ 0.7pp
2025
lowest quarter of the sector
20232025
Current ratio
1.80
▲ 1.74
2025
middle half of the sector
20232025
Return on assets (ROA)
0.7%
▼ 0.4pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€6,981-€15,331▲ 120%€13,005▼ 15.2%
Net result-€2,002below the sector's middle half-€5,589within the sector's middle half€3,602below the sector's middle half▼ 35.5%
Equity-€2below the sector's middle half-€5,588below the sector's middle half€9,190below the sector's middle half▲ 64.5%
Total assets€557,469within the sector's middle half-€546,718within the sector's middle half▼ 1.9%€540,041below the sector's middle half▼ 1.2%
Debt€557,470-€541,130▼ 2.9%€530,851▼ 1.9%
Working capital-€288,512below the sector's middle half--€283,374below the sector's middle half▲ 1.8%€10,634within the sector's middle half
Solvency0.0%below the sector's middle half-1.0%below the sector's middle half▲ 1.0pp1.7%below the sector's middle half▲ 0.7pp
Current ratio0.05below the sector's middle half-0.06below the sector's middle half=1.80within the sector's middle half▲ 1.74
Return on assets (ROA)-0.4%below the sector's middle half-1.0%below the sector's middle half▲ 1.4pp0.7%within the sector's middle half▼ 0.4pp
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 15% lower than in 2024.
Turnover and EBIT margin are 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 €540,041
Fixed assets
€516,083 ▼ 2.6%
Current assets
€23,958 ▲ 43.9%
Equity and liabilities €540,041
Equity
€9,190 ▲ 64.5%
Debt
€530,851 ▼ 1.9%
Debt's share of the balance-sheet total falls from 99.0% to 98.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
39.2%▼
2024 · 100.0%
Debt ≤ 1 year
€13,323▼
2024 · €300,018
Debt > 1 year
€517,528▲
2024 · €241,112
Income taxes
€881▼
2024 · €920
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debts secured on the company's own assets | - | - | €241,112 |
| Mortgages, amount registered | - | - | €135,000 |
| Mortgage mandates | - | - | €135,000 |
| Carrying value of the mortgaged assets | - | - | €514,096 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €553,229 | €2,892 | - |
| Financial fixed assets | €500 | €0 | - |
| Depreciation and write-downs of the year | €12,309 | €13,738 | €13,990 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,309 | €13,738 | €13,990 | ▲ 1.8% |
| Other operating charges640/8 | €3,256 | €3,571 | €3,754 | ▲ 5.1% |
| Gross operating margin9900 | €22,546 | €32,640 | €30,749 | ▼ 5.8% |
| Operating profit (loss)9901 | €6,981 | €15,331 | €13,005 | ▼ 15.2% |
| Financial charges65/66B | €8,983 | €8,821 | €8,521 | ▼ 3.4% |
| Recurring financial charges65 | €8,983 | €8,821 | €8,521 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€2,002 | €6,510 | €4,484 | ▼ 31.1% |
| Income taxes67/77 | - | €920 | €881 | ▼ 4.2% |
| Profit (loss) for the period9904 | -€2,002 | €5,589 | €3,602 | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | -€2,002 | €5,589 | €3,602 | ▼ 35.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €557,469 | €546,718 | €540,041 | ▼ 1.2% |
| Fixed assets21/28 | €541,420 | €530,074 | €516,083 | ▼ 2.6% |
| Tangible fixed assets22/27 | €540,920 | €530,074 | €516,083 | ▼ 2.6% |
| Land and buildings22 | €540,920 | €527,508 | €514,096 | ▼ 2.5% |
| Furniture and vehicles24 | - | €2,565 | €1,987 | ▼ 22.5% |
| Financial fixed assets28 | €500 | €0 | - | - |
| Current assets29/58 | €16,049 | €16,644 | €23,958 | ▲ 43.9% |
| Amounts receivable within one year40/41 | €2,904 | €11,607 | €9,740 | ▼ 16.1% |
| Trade receivables40 | €2,904 | €11,607 | €9,740 | ▼ 16.1% |
| Cash at bank and in hand54/58 | €13,145 | €4,805 | €14,218 | ▲ 196% |
| Deferred charges and accrued income490/1 | - | €232 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €557,469 | €546,718 | €540,041 | ▼ 1.2% |
| Equity10/15 | -€2 | €5,588 | €9,190 | ▲ 64.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€2,002 | €3,588 | €7,190 | ▲ 100% |
| Amounts payable17/49 | €557,470 | €541,130 | €530,851 | ▼ 1.9% |
| Amounts payable after more than one year17 | €251,341 | €241,112 | €517,528 | ▲ 115% |
| Financial debts170/4 | €251,341 | €241,112 | €517,528 | ▲ 115% |
| Amounts payable within one year42/48 | €304,561 | €300,018 | €13,323 | ▼ 95.6% |
| Current portion of amounts payable after more than one year42 | €9,887 | €10,229 | €10,584 | ▲ 3.5% |
| Trade debts44 | €238 | €431 | €475 | ▲ 10.1% |
| Suppliers440/4 | €238 | €431 | €475 | ▲ 10.1% |
| Taxes, remuneration and social security45 | €1,436 | €2,358 | €2,265 | ▼ 3.9% |
| Taxes450/3 | €1,436 | €2,358 | €2,265 | ▼ 3.9% |
| Other amounts payable47/48 | €293,000 | €287,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,568 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,002 | €5,589 | €3,602 | ▼ 35.5% |
| + Depreciation and write-downs630 | €12,309 | €13,738 | €13,990 | ▲ 1.8% |
| Operating cash flow (approximation) | €10,308 | €19,327 | €17,592 | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | -€2,392 | €0 | - |
| Change in cash | - | -€8,340 | €9,413 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.