A7 SOFTWARE
Open bankruptcyFinancials · financial year 2024, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€580,754▼ 262%
2023 · -€160,258
Working capital
-€120,310
2023 · €325,217
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €545,130 in 2024 against €171,003 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.5m
2024
Net result-€0.6m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2024
Equity€0.2m
2024
Debt€1.2m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-40.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency14.3%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.65
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)6.3
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result-€0.5m--€0.5m▼ 10.0%-€0.3m▲ 53.3%€0.5m-€0.2m-€0.5m▼ 219%
Net result-€0.3m--€0.4mbelow the sector's middle half▼ 16.5%-€0.1mbelow the sector's middle half▲ 66.3%€0.5mabove the sector's middle half-€0.2mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 262%
Equity€1.3m-€0.8mwithin the sector's middle half▼ 41.3%€0.5mwithin the sector's middle half▼ 31.7%€1.0mwithin the sector's middle half▲ 86.8%€0.8mwithin the sector's middle half▼ 18.5%€0.2mwithin the sector's middle half▼ 73.9%
Total assets€2.3m-€2.1mwithin the sector's middle half▼ 10.3%€1.6mwithin the sector's middle half▼ 23.4%€2.0mwithin the sector's middle half▲ 21.8%€1.8mwithin the sector's middle half▼ 7.6%€1.4mwithin the sector's middle half▼ 21.0%
Debt€1.1m-€1.3m▲ 27.4%€1.1m▼ 18.9%€1.0m▼ 8.9%€1.0m▲ 2.9%€1.2m▲ 19.5%
Working capital€0.2m-€0.3mwithin the sector's middle half▲ 54.4%€0.2mwithin the sector's middle half▼ 53.9%€0.7mwithin the sector's middle half▲ 315%€0.3mwithin the sector's middle half▼ 50.7%-€0.1mbelow the sector's middle half
Solvency54.9%-35.9%within the sector's middle half▼ 19.0pp32.0%within the sector's middle half▼ 3.8pp49.2%within the sector's middle half▲ 17.1pp43.4%within the sector's middle half▼ 5.8pp14.3%below the sector's middle half▼ 29.0pp
Current ratio1.28-1.75within the sector's middle half▲ 0.481.59within the sector's middle half▼ 0.163.68above the sector's middle half▲ 2.091.96within the sector's middle half▼ 1.730.65below the sector's middle half▼ 1.30
Return on assets (ROA)-14.5%--18.9%below the sector's middle half▼ 4.3pp-8.3%below the sector's middle half▲ 10.5pp27.8%above the sector's middle half▲ 36.1pp-8.8%below the sector's middle half▼ 36.6pp-40.6%below the sector's middle half▼ 31.7pp
Staff (FTE)7.4-6.2within the sector's middle half▼ 16.2%6.7within the sector's middle half▲ 8.1%6.6within the sector's middle half▼ 1.5%7.4within the sector's middle half▲ 12.1%6.3within the sector's middle half▼ 14.9%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▲ 5.1%
Current assets
€226,275 ▼ 66.0%
Equity and liabilities €1.4m
Equity
€205,462 ▼ 73.9%
Debt
€1.2m ▲ 19.5%
Debt's share of the balance-sheet total rises from 56.6% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30,824▼
2023 · €410,264
Cash flow
-€4,800▼
2023 · €421,009
Debt to equity
5.97▲
2023 · 1.31
ROE
-282.7%▼
2023 · -20.4%
Interest coverage
0.85▼
2023 · 53.56
Debt ≤ 1 year
€346,585▲
2023 · €340,430
Debt > 1 year
€685,000=
2023 · €685,000
Income taxes
-€86▼
2023 · €334
Staff costs
€370,621▼
2023 · €394,606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.4m | €0.4m | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.008m | ▲ 912% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.2m | - |
| Gross operating margin9900 | €0.4m | €0.4m | €0.7m | €1.4m | €0.8m | €0.6m | ▼ 25.2% |
| Operating profit (loss)9901 | -€0.5m | -€0.5m | -€0.3m | €0.5m | -€0.2m | -€0.5m | ▼ 219% |
| Financial income75/76B | - | - | - | €0.08m | €0.02m | €0.001m | ▼ 96.2% |
| Recurring financial income75 | €0.1m | €0.1m | €0.1m | €0.08m | €0.02m | €0.001m | ▼ 96.2% |
| Financial charges65/66B | - | - | - | €0.002m | €0.008m | €0.04m | ▲ 375% |
| Recurring financial charges65 | €239 | €311 | €0.002m | €0.002m | €0.008m | €0.04m | ▲ 375% |
| Profit (loss) for the period before taxes9903 | -€0.4m | -€0.4m | -€0.2m | €0.5m | -€0.2m | -€0.6m | ▼ 263% |
| Income taxes67/77 | -€0.03m | -€0.02m | -€0.02m | -€0.02m | €334 | -€86 | - |
| Profit (loss) for the period9904 | -€0.3m | -€0.4m | -€0.1m | €0.5m | -€0.2m | -€0.6m | ▼ 262% |
| Profit (loss) for the period to be appropriated9905 | -€0.3m | -€0.4m | -€0.1m | €0.5m | -€0.2m | -€0.6m | ▼ 262% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.3m | €2.1m | €1.6m | €2.0m | €1.8m | €1.4m | ▼ 21.0% |
| Formation expenses20 | €0.001m | - | - | - | - | - | - |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | €1.1m | €1.1m | €1.2m | ▲ 5.1% |
| Intangible fixed assets21 | €1.3m | €1.3m | €1.2m | €1.1m | €1.1m | €1.2m | ▲ 5.1% |
| Tangible fixed assets22/27 | €0.006m | €0.006m | €0.002m | €0.002m | €0.002m | €0.003m | ▲ 65.1% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0.003m | ▲ 65.1% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 1.9% |
| Current assets29/58 | €1.0m | €0.8m | €0.4m | €0.9m | €0.7m | €0.2m | ▼ 66.0% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.1m | ▼ 59.2% |
| Trade receivables40 | - | - | - | €0.009m | €0.04m | - | - |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.1m | ▼ 52.3% |
| Cash at bank and in hand54/58 | €0.7m | €0.6m | €0.2m | €0.6m | €0.4m | €0.1m | ▼ 70.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €225 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.3m | €2.1m | €1.6m | €2.0m | €1.8m | €1.4m | ▼ 21.0% |
| Equity10/15 | €1.3m | €0.8m | €0.5m | €1.0m | €0.8m | €0.2m | ▼ 73.9% |
| Contributions10/11 | €2.4m | €2.4m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€1.4m | -€1.8m | -€0.1m | €0.4m | €0.2m | -€0.3m | - |
| Investment grants15 | - | - | - | €0.02m | - | - | - |
| Amounts payable17/49 | €1.1m | €1.3m | €1.1m | €1.0m | €1.0m | €1.2m | ▲ 19.5% |
| Amounts payable after more than one year17 | €0.3m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | = |
| Financial debts170/4 | - | - | - | €0.7m | €0.7m | €0.7m | = |
| Other amounts payable178/9 | - | - | - | €0.07m | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.5m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | ▼ 8.8% |
| Trade debts44 | €0.04m | €0.003m | €0.02m | €0.005m | €0.04m | €0.03m | ▼ 26.5% |
| Suppliers440/4 | - | - | - | €0.005m | €0.04m | €0.03m | ▼ 26.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.08m | ▲ 40.5% |
| Taxes450/3 | - | - | - | - | - | €0.01m | - |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.06m | €0.07m | ▲ 22.5% |
| Other amounts payable47/48 | - | - | - | - | - | €0.01m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.2m | ▲ 203× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | -€0.4m | -€0.1m | €0.5m | -€0.2m | -€0.6m | ▼ 262% |
| + Depreciation and write-downs630 | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.9% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.5m | €1.1m | €0.4m | -€0.005m | - |
| Investment in fixed assets (approximation) | - | -€0.6m | -€0.5m | -€0.5m | -€0.7m | -€0.6m | ▲ 5.5% |
| Change in cash | - | -€0.09m | -€0.4m | €0.4m | -€0.2m | -€0.3m | ▼ 59.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | full format | 12-03-2025 | 2025-00046683 |
| 30-09-2023 | full format | 08-03-2024 | 2024-00040739 |
| 30-09-2022 | full format | 31-03-2023 | 2023-00050537 |
| 30-09-2021 | full format | 30-03-2022 | 2022-09100083 |
| 30-09-2020 | full format | 09-03-2021 | 2021-07100335 |
| 30-09-2019 | micro format | 24-03-2020 | 2020-07300047 |
| 30-09-2018 | micro format | 15-03-2019 | 2019-07000344 |
| 30-09-2017 | micro format | 23-03-2018 | 2018-07500057 |
| 30-09-2016 | full format | 05-04-2017 | 2017-09000577 |
| 30-09-2015 | full format | 22-03-2016 | 2016-07200006 |
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