A. PROFUSION
Dissolved and wound up on 02-03-2026Financials · financial year 2024, micro format
Annual accounts 2024 filed on 14-07-2025 PDF all 16 filings
Equity
€15,445▼ 42.1%
2023 · €26,660
Total assets
€27,874▼ 20.7%
2023 · €35,140
Net result
-€11,214▼ 102%
2023 · -€5,552
Working capital
€15,341▼ 42.0%
2023 · €26,438
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€11,120
▼ 104%
2024
20182024
Net result
-€11,214
▼ 102%
2024
20182024
Equity
€15,445
▼ 42.1%
2024
20182024
Total assets
€27,874
▼ 20.7%
2024
20182024
Debt
€12,429
▲ 46.6%
2024
20182024
Working capital
€15,341
▼ 42.0%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€4,719-€2,338▼ 50.5%-€6,710-€10,675▼ 59.1%-€2,722▲ 74.5%-€5,448▼ 100%-€11,120▼ 104%
Net result€4,488-€2,280▼ 49.2%€2,951▲ 29.4%€16,882▲ 472%-€2,026-€5,552▼ 174%-€11,214▼ 102%
Equity€12,126-€14,406▲ 18.8%€17,356▲ 20.5%€34,238▲ 97.3%€32,212▼ 5.9%€26,660▼ 17.2%€15,445▼ 42.1%
Total assets€24,913-€31,687▲ 27.2%€23,658▼ 25.3%€43,905▲ 85.6%€42,862▼ 2.4%€35,140▼ 18.0%€27,874▼ 20.7%
Debt€12,787-€17,282▲ 35.1%€6,302▼ 63.5%€9,668▲ 53.4%€10,650▲ 10.2%€8,481▼ 20.4%€12,429▲ 46.6%
Working capital€11,946-€14,316▲ 19.8%€17,356▲ 21.2%€34,238▲ 97.3%€31,873▼ 6.9%€26,438▼ 17.1%€15,341▼ 42.0%
The operating result for 2024 is a loss of €11,120, larger than the loss of €5,448 in 2023. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27,874
Fixed assets
€104 ▼ 53.0%
Current assets
€27,770 ▼ 20.5%
Equity and liabilities €27,874
Equity
€15,445 ▼ 42.1%
Debt
€12,429 ▲ 46.6%
Debt's share of the balance-sheet total rises from 24.1% to 44.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,003▼
2023 · -€5,331
Cash flow
-€11,097▼
2023 · -€5,435
Current ratio
2.23▼
2023 · 4.12
Debt to equity
0.80▲
2023 · 0.32
ROE
-72.6%▼
2023 · -20.8%
ROA
-40.2%▼
2023 · -15.8%
Interest coverage
-105.38▼
2023 · -51.05
Debt ≤ 1 year
€12,429▲
2023 · €8,481
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €352 | - | - |
| Depreciation and write-downs of the year | €0 | €13 | €117 | €117 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €202 | €90 | €90 | €0 | €13 | €117 | €117 | = |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €5,269 | €2,776 | -€6,272 | -€10,328 | -€2,362 | -€4,946 | -€10,615 | ▼ 115% |
| Operating profit (loss)9901 | €4,719 | €2,338 | -€6,710 | -€10,675 | -€2,722 | -€5,448 | -€11,120 | ▼ 104% |
| Financial income75/76B | - | - | - | €29,250 | €790 | €0 | €10 | ▲ 1,000× |
| Recurring financial income75 | - | - | €11,500 | €29,250 | €790 | €0 | €10 | ▲ 1,000× |
| Financial charges65/66B | - | - | - | €97 | €93 | €104 | €104 | = |
| Recurring financial charges65 | €46 | €58 | €54 | €97 | €93 | €104 | €104 | = |
| Profit (loss) for the period before taxes9903 | €4,674 | €2,280 | €4,736 | €18,479 | -€2,026 | -€5,552 | -€11,214 | ▼ 102% |
| Income taxes67/77 | €186 | - | €1,785 | €1,597 | €0 | - | - | - |
| Profit (loss) for the period9904 | €4,488 | €2,280 | €2,951 | €16,882 | -€2,026 | -€5,552 | -€11,214 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €4,488 | €2,280 | €2,951 | €16,882 | -€2,026 | -€5,552 | -€11,214 | ▼ 102% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €24,913 | €31,687 | €23,658 | €43,905 | €42,862 | €35,140 | €27,874 | ▼ 20.7% |
| Fixed assets21/28 | €180 | €90 | - | - | €339 | €222 | €104 | ▼ 53.0% |
| Tangible fixed assets22/27 | €180 | €90 | - | - | €339 | €222 | €104 | ▼ 53.0% |
| Furniture and vehicles24 | - | - | - | - | €339 | €222 | €104 | ▼ 53.0% |
| Current assets29/58 | €24,733 | €31,597 | €23,658 | €43,905 | €42,523 | €34,919 | €27,770 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €5,142 | €4,633 | €1,847 | €1,968 | €3,063 | €2,395 | €2,248 | ▼ 6.1% |
| Trade receivables40 | - | - | - | €1,968 | €3,063 | €2,191 | €2,248 | ▲ 2.6% |
| Other amounts receivable41 | - | - | - | €0 | - | €204 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €19,591 | €25,447 | €21,811 | €41,118 | €39,187 | €32,524 | €25,249 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | - | - | - | €819 | €273 | €0 | €273 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €24,913 | €31,687 | €23,658 | €43,905 | €42,862 | €35,140 | €27,874 | ▼ 20.7% |
| Equity10/15 | €12,126 | €14,406 | €17,356 | €34,238 | €32,212 | €26,660 | €15,445 | ▼ 42.1% |
| Contributions10/11 | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Profit (loss) carried forward14 | €2,926 | €5,206 | €8,156 | €25,038 | €23,012 | €17,460 | €6,245 | ▼ 64.2% |
| Amounts payable17/49 | €12,787 | €17,282 | €6,302 | €9,668 | €10,650 | €8,481 | €12,429 | ▲ 46.6% |
| Amounts payable within one year42/48 | €12,787 | €17,282 | €6,302 | €9,668 | €10,650 | €8,481 | €12,429 | ▲ 46.6% |
| Trade debts44 | - | - | €509 | €6,794 | €0 | - | €23 | - |
| Suppliers440/4 | - | - | - | €6,794 | €0 | - | €23 | - |
| Taxes, remuneration and social security45 | - | - | - | €254 | €246 | €0 | €247 | - |
| Taxes450/3 | - | - | - | €254 | €246 | €0 | €247 | - |
| Other amounts payable47/48 | - | - | - | €2,619 | €10,404 | €8,481 | €12,158 | ▲ 43.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,488 | €2,280 | €2,951 | €16,882 | -€2,026 | -€5,552 | -€11,214 | ▼ 102% |
| + Depreciation and write-downs630 | €202 | €90 | €90 | €0 | €13 | €117 | €117 | = |
| Operating cash flow (approximation) | €4,689 | €2,370 | €3,041 | €16,882 | -€2,012 | -€5,435 | -€11,097 | ▼ 104% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | €0 | €0 | - |
| Change in cash | - | €5,856 | -€3,636 | €19,307 | -€1,930 | -€6,664 | -€7,275 | ▼ 9.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 14-07-2025 | 2025-00265925 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00291063 | |
| 31-12-2022 | micro format | 14-06-2023 | 2023-00129858 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20050938 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53800007 | |
| 31-12-2019 | micro format | 08-06-2020 | 2020-15700460 | |
| 31-12-2018 | micro format | 08-06-2019 | 2019-18200361 | |
| 31-12-2017 | micro format | 18-06-2018 | 2018-19700216 | |
| 31-12-2016 | micro format | 05-06-2017 | 2017-15000441 | |
| 31-12-2015 | full format | 12-06-2016 | 2016-17900394 |