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Dissolved and wound upFinancials · financial year 2024, micro format
2024 annual accounts filed 30 days after the deadline Filed on 30 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00447453.
Annual accounts 2024 filed on 30-08-2025 PDF all 6 filings
Turnover
€150,790
EBIT margin
-4.6%
Net result
€14,401
2023 · -€3,681
Working capital
€14,276▲ 12×
2023 · €1,174
Multi-year overview
2019 to 2024, 6 financial yearsTurnover
no figure
2024
20192024
Operating result
€10,650
2024
20192024
Net result
€14,401
2024
20192024
EBIT margin
no figure
2024
20192024
Equity
€15,636
▲ 13×
2024
20192024
Total assets
€18,787
▲ 76.5%
2024
20192024
Debt
€3,151
▼ 66.5%
2024
20192024
Working capital
€14,276
▲ 12×
2024
20192024
Staff (FTE)
0.7
▼ 36.4%
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€150,790
Operating result-€568--€4,908▼ 765%-€6,946▼ 41.5%€683-€1,732€10,650
Net result-€2,544--€5,414▼ 113%-€7,149▼ 32.0%€22-€3,681€14,401
EBIT margin-4.6%
Equity€17,456-€12,042▼ 31.0%€4,893▼ 59.4%€4,915▲ 0.5%€1,234▼ 74.9%€15,636▲ 13×
Total assets€24,771-€27,371▲ 10.5%€22,633▼ 17.3%€13,571▼ 40.0%€10,645▼ 21.6%€18,787▲ 76.5%
Debt€7,315-€15,329▲ 110%€17,740▲ 15.7%€8,655▼ 51.2%€9,411▲ 8.7%€3,151▼ 66.5%
Working capital€14,117-€9,566▼ 32.2%€3,172▼ 66.8%€4,167▲ 31.3%€1,174▼ 71.8%€14,276▲ 12×
Staff (FTE)0.6-1▲ 66.7%1.9▲ 90.0%1▼ 47.4%1.1▲ 10.0%0.7▼ 36.4%
The operating result for 2024 is a profit of €10,650, after a loss of €1,732 in 2023. It is the highest result since 2019.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18,787
Fixed assets
€1,359 ▲ 22×
Current assets
€17,427 ▲ 64.6%
Equity and liabilities €18,787
Equity
€15,636 ▲ 13×
Debt
€3,151 ▼ 66.5%
Debt's share of the balance-sheet total falls from 88.4% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,776▲
2023 · -€1,043
Cash flow
€14,527▲
2023 · -€2,993
Current ratio
5.53▲
2023 · 1.12
Debt to equity
0.20▼
2023 · 7.62
ROE
92.1%▲
2023 · -298.2%
ROA
76.7%▲
2023 · -34.6%
Interest coverage
7.21▲
2023 · -0.58
Debt ≤ 1 year
€3,151▼
2023 · €9,411
Income taxes
€276▲
2023 · €160
Staff costs
€4,957▼
2023 · €31,963
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 | - |
| full-time | - | 1 | - | - |
| part-time | 2 | - | 1 | - |
| in full-time equivalents | 1 | 1 | 0.2 | - |
| Average over the year, in full-time equivalents | 1.1 | 0.4 | 1.1 | 0.2 |
| On a permanent contract | 1 | 1 | - | - |
| Joined | 3 | 1 | 1 | 26 |
| Left | 4 | 6 | 5 | 29 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €178 | - | - | €9,153 |
| Financial fixed assets | - | - | - | €1,299 |
| Depreciation and write-downs of the year | €933 | €972 | €688 | €126 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €150,790 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €121,539 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €40,735 | €15,889 | €31,963 | €4,957 | ▼ 84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,039 | €864 | €933 | €972 | €688 | €126 | ▼ 81.7% |
| Other operating charges640/8 | - | - | €29 | €406 | €586 | €1,118 | ▲ 90.8% |
| Gross operating margin9900 | €16,581 | €26,778 | €34,751 | €17,951 | €31,506 | €16,851 | ▼ 46.5% |
| Operating profit (loss)9901 | -€568 | -€4,908 | -€6,946 | €683 | -€1,732 | €10,650 | - |
| Financial income75/76B | - | - | €637 | €186 | €0 | €5,523 | ▲ 276,132× |
| Recurring financial income75 | €263 | €63 | €637 | €186 | €0 | €71 | ▲ 3,551× |
| Non-recurring financial income76B | - | - | - | - | - | €5,452 | - |
| Financial charges65/66B | - | - | €840 | €831 | €1,789 | €1,496 | ▼ 16.4% |
| Recurring financial charges65 | €1,808 | €487 | €840 | €831 | €1,789 | €1,496 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | -€2,112 | -€5,333 | -€7,149 | €38 | -€3,520 | €14,677 | - |
| Income taxes67/77 | €432 | €82 | - | €16 | €160 | €276 | ▲ 71.8% |
| Profit (loss) for the period9904 | -€2,544 | -€5,414 | -€7,149 | €22 | -€3,681 | €14,401 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,544 | -€5,414 | -€7,149 | €22 | -€3,681 | €14,401 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €24,771 | €27,371 | €22,633 | €13,571 | €10,645 | €18,787 | ▲ 76.5% |
| Formation expenses20 | €813 | €596 | €380 | €163 | - | - | - |
| Fixed assets21/28 | €2,526 | €1,879 | €1,341 | €585 | €60 | €1,359 | ▲ 22× |
| Tangible fixed assets22/27 | €2,466 | €1,819 | €1,281 | €525 | €0 | - | - |
| Furniture and vehicles24 | - | - | €1,281 | €525 | €0 | - | - |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | €1,359 | ▲ 23× |
| Current assets29/58 | €21,432 | €24,895 | €20,912 | €12,822 | €10,585 | €17,427 | ▲ 64.6% |
| Amounts receivable within one year40/41 | €16,130 | €8,885 | €5,455 | €4,503 | €6,646 | €16,698 | ▲ 151% |
| Trade receivables40 | - | - | €2,348 | €531 | - | - | - |
| Other amounts receivable41 | - | - | €3,107 | €3,972 | €6,646 | €16,698 | ▲ 151% |
| Cash at bank and in hand54/58 | €5,302 | €15,361 | €14,118 | €7,554 | €2,690 | €729 | ▼ 72.9% |
| Deferred charges and accrued income490/1 | - | - | €1,339 | €764 | €1,248 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €24,771 | €27,371 | €22,633 | €13,571 | €10,645 | €18,787 | ▲ 76.5% |
| Equity10/15 | €17,456 | €12,042 | €4,893 | €4,915 | €1,234 | €15,636 | ▲ 13× |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€2,544 | -€7,958 | -€15,107 | -€15,085 | -€18,766 | -€4,364 | ▲ 76.7% |
| Amounts payable17/49 | €7,315 | €15,329 | €17,740 | €8,655 | €9,411 | €3,151 | ▼ 66.5% |
| Amounts payable within one year42/48 | €7,315 | €15,329 | €17,740 | €8,655 | €9,411 | €3,151 | ▼ 66.5% |
| Financial debts43 | - | - | €30 | €224 | €577 | - | - |
| Credit institutions430/8 | - | - | €30 | €224 | €577 | - | - |
| Trade debts44 | €2,226 | €4,786 | €6,874 | €1,406 | €4,075 | €113 | ▼ 97.2% |
| Suppliers440/4 | - | - | €6,874 | €1,406 | €4,075 | €113 | ▼ 97.2% |
| Taxes, remuneration and social security45 | - | - | €10,368 | €6,879 | €4,759 | €3,038 | ▼ 36.2% |
| Taxes450/3 | - | - | €1,747 | €1,681 | €386 | €1,872 | ▲ 385% |
| Remuneration and social security454/9 | - | - | €8,622 | €5,198 | €4,373 | €1,165 | ▼ 73.3% |
| Other amounts payable47/48 | - | - | €467 | €146 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,544 | -€5,414 | -€7,149 | €22 | -€3,681 | €14,401 | - |
| + Depreciation and write-downs630 | €1,039 | €864 | €933 | €972 | €688 | €126 | ▼ 81.7% |
| Operating cash flow (approximation) | -€1,505 | -€4,551 | -€6,216 | €994 | -€2,993 | €14,527 | - |
| Investment in fixed assets (approximation) | - | -€217 | -€394 | -€217 | -€163 | -€1,425 | ▼ 773% |
| Change in cash | - | €10,059 | -€1,243 | -€6,564 | -€4,864 | -€1,961 | ▲ 59.7% |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-08-2025 | 2025-00447453 | |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00291680 | |
| 31-12-2022 | micro format | 30-07-2023 | 2023-00302497 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20247086 | |
| 31-12-2020 | micro format | 28-08-2021 | 2021-60000570 | |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43100204 |