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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 October 2024 The financial year closed on 31 March 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 29-10-2023 PDF all 34 filings
Turnover
≈ €81,000
Estimated: probably between €49,000 and €190,000
Total assets
€52,003▲ 18.3%
2022 · €43,945
Net result
€8,274▼ 61.3%
2022 · €21,387
Working capital
€13,190▲ 88.6%
2022 · €6,995
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€12,037
▼ 50.3%
2023
20192023
Net result
€8,274
▼ 61.3%
2023
middle half of the sector
20192023
Equity
€18,281
▲ 82.7%
2023
lowest quarter of the sector
20192023
Total assets
€52,003
▲ 18.3%
2023
lowest quarter of the sector
20192023
Debt
€33,722
▼ 0.6%
2023
20192023
Working capital
€13,190
▲ 88.6%
2023
middle half of the sector
20192023
Solvency
35.2%
▲ 12.4pp
2023
middle half of the sector
20192023
Current ratio
1.39
▲ 0.16
2023
middle half of the sector
20192023
Return on assets (ROA)
15.9%
▼ 32.8pp
2023
middle half of the sector
20192023
Staff (FTE)
no figure
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€18,603-€39,443▲ 112%€13,309▼ 66.3%€24,230▲ 82.1%€12,037▼ 50.3%
Net result€13,929-€35,148above the sector's middle half▲ 152%€11,562within the sector's middle half▼ 67.1%€21,387within the sector's middle half▲ 85.0%€8,274within the sector's middle half▼ 61.3%
Equity-€18,091--€7,942below the sector's middle half▲ 56.1%€3,620below the sector's middle half€10,006below the sector's middle half▲ 176%€18,281below the sector's middle half▲ 82.7%
Total assets€23,454-€51,402below the sector's middle half▲ 119%€24,807below the sector's middle half▼ 51.7%€43,945below the sector's middle half▲ 77.2%€52,003below the sector's middle half▲ 18.3%
Debt€41,545-€59,345▲ 42.8%€21,187▼ 64.3%€33,939▲ 60.2%€33,722▼ 0.6%
Working capital-€7,750-€4,108below the sector's middle half€2,679below the sector's middle half▼ 34.8%€6,995within the sector's middle half▲ 161%€13,190within the sector's middle half▲ 88.6%
Solvency-77.1%--15.5%below the sector's middle half▲ 61.7pp14.6%below the sector's middle half▲ 30.0pp22.8%below the sector's middle half▲ 8.2pp35.2%within the sector's middle half▲ 12.4pp
Current ratio0.75-1.09below the sector's middle half▲ 0.341.14below the sector's middle half▲ 0.051.23within the sector's middle half▲ 0.091.39within the sector's middle half▲ 0.16
Return on assets (ROA)59.4%-68.4%above the sector's middle half▲ 9.0pp46.6%above the sector's middle half▼ 21.8pp48.7%above the sector's middle half▲ 2.1pp15.9%within the sector's middle half▼ 32.8pp
Staff (FTE)0.6below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 2023 is 50% lower than in 2022 and the lowest since 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €52,003
Fixed assets
€5,091 ▼ 17.8%
Current assets
€46,912 ▲ 24.3%
Equity and liabilities €52,003
Equity
€18,281 ▲ 82.7%
Debt
€33,722 ▼ 0.6%
Debt's share of the balance-sheet total falls from 77.2% to 64.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,043▼
2022 · €25,560
Cash flow
€11,280▼
2022 · €22,717
Debt to equity
1.84▼
2022 · 3.39
ROE
45.3%▼
2022 · 213.7%
Interest coverage
30.25▲
2022 · 24.35
Debt ≤ 1 year
€33,722▲
2022 · €30,754
Income taxes
€3,266▲
2022 · €1,793
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 |
|---|---|---|
| Tangible fixed assets | €4,752 | €1,900 |
| Depreciation and write-downs of the year | €1,330 | €3,005 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €345 | €1,330 | €3,005 | ▲ 126% |
| Other operating charges640/8 | - | - | - | €483 | €491 | ▲ 1.8% |
| Gross operating margin9900 | €19,054 | €42,999 | €14,296 | €26,043 | €15,534 | ▼ 40.4% |
| Operating profit (loss)9901 | €18,603 | €39,443 | €13,309 | €24,230 | €12,037 | ▼ 50.3% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | €2 | €2,171 | €0 | - | - |
| Financial charges65/66B | - | - | - | €1,050 | €497 | ▼ 52.6% |
| Recurring financial charges65 | €3,274 | €1,400 | €2,541 | €1,050 | €497 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | €15,329 | €38,045 | €15,439 | €23,180 | €11,540 | ▼ 50.2% |
| Income taxes67/77 | €1,400 | €2,897 | €3,877 | €1,793 | €3,266 | ▲ 82.1% |
| Profit (loss) for the period9904 | €13,929 | €35,148 | €11,562 | €21,387 | €8,274 | ▼ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €13,929 | €35,148 | €11,562 | €21,387 | €8,274 | ▼ 61.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,454 | €51,402 | €24,807 | €43,945 | €52,003 | ▲ 18.3% |
| Fixed assets21/28 | €155 | €155 | €2,929 | €6,196 | €5,091 | ▼ 17.8% |
| Tangible fixed assets22/27 | - | - | €2,774 | €6,196 | €5,091 | ▼ 17.8% |
| Plant, machinery and equipment23 | - | - | - | €1,735 | €695 | ▼ 59.9% |
| Furniture and vehicles24 | - | - | - | €4,461 | €4,396 | ▼ 1.5% |
| Financial fixed assets28 | €155 | €155 | €155 | - | - | - |
| Current assets29/58 | €23,300 | €51,248 | €21,878 | €37,749 | €46,912 | ▲ 24.3% |
| Amounts receivable within one year40/41 | €23,300 | €51,046 | €17,342 | €31,780 | €28,722 | ▼ 9.6% |
| Trade receivables40 | - | - | - | €24,561 | €28,722 | ▲ 16.9% |
| Other amounts receivable41 | - | - | - | €7,219 | - | - |
| Cash at bank and in hand54/58 | €0 | €0 | €4,475 | €2,600 | €15,872 | ▲ 510% |
| Deferred charges and accrued income490/1 | - | - | - | €3,369 | €2,318 | ▼ 31.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,454 | €51,402 | €24,807 | €43,945 | €52,003 | ▲ 18.3% |
| Equity10/15 | -€18,091 | -€7,942 | €3,620 | €10,006 | €18,281 | ▲ 82.7% |
| Contributions10/11 | €8,775 | €8,775 | €8,775 | €8,775 | €8,775 | = |
| Capital10 | - | - | - | €8,775 | - | - |
| Issued capital100 | - | - | - | €18,642 | - | - |
| Uncalled capital101 | - | - | - | €9,866 | - | - |
| Reserves13 | €1,864 | €1,864 | €1,864 | €1,864 | €9,505 | ▲ 410% |
| Non-distributable reserves130/1 | - | - | - | €1,864 | €1,864 | = |
| Legal reserve130 | - | - | - | €1,864 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,864 | - |
| Distributable reserves133 | - | - | - | - | €7,641 | - |
| Profit (loss) carried forward14 | -€28,730 | -€18,582 | -€7,020 | -€633 | - | - |
| Amounts payable17/49 | €41,545 | €59,345 | €21,187 | €33,939 | €33,722 | ▼ 0.6% |
| Amounts payable within one year42/48 | €31,049 | €47,139 | €19,198 | €30,754 | €33,722 | ▲ 9.7% |
| Trade debts44 | - | €434 | €6,659 | €9,665 | €21,575 | ▲ 123% |
| Suppliers440/4 | - | - | - | €9,665 | €21,575 | ▲ 123% |
| Taxes, remuneration and social security45 | - | - | - | €6,089 | €9,366 | ▲ 53.8% |
| Taxes450/3 | - | - | - | €5,089 | €7,273 | ▲ 42.9% |
| Remuneration and social security454/9 | - | - | - | €1,000 | €2,093 | ▲ 109% |
| Other amounts payable47/48 | - | - | - | €15,000 | €2,781 | ▼ 81.5% |
| Accrued charges and deferred income492/3 | - | - | - | €3,185 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,929 | €35,148 | €11,562 | €21,387 | €8,274 | ▼ 61.3% |
| + Depreciation and write-downs630 | - | - | €345 | €1,330 | €3,005 | ▲ 126% |
| Operating cash flow (approximation) | €13,929 | €35,148 | €11,907 | €22,717 | €11,280 | ▼ 50.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,119 | -€4,598 | -€1,900 | ▲ 58.7% |
| Change in cash | - | €0 | €4,475 | -€1,875 | €13,272 | - |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2023 | micro format | 29-10-2023 | 2023-00498118 | |
| 31-03-2022 | micro format | 05-02-2023 | 2023-00026238 | |
| 31-03-2021 | micro format | 02-11-2021 | 2021-76200387 | |
| 31-03-2020 | micro format | 08-02-2021 | 2021-05000054 | |
| 31-03-2019 | micro format | 14-11-2019 | 2019-73700224 | |
| 31-03-2017 | micro format | 12-01-2018 | 2018-01300503 | |
| 31-03-2016 | full format | 31-10-2016 | 2016-67300487 | |
| 31-03-2015 | full format | 09-11-2015 | 2015-66500464 | |
| 31-03-2014 | full format | 30-10-2014 | 2014-66200275 | |
| 31-03-2013 | full format | 30-10-2014 | 2014-66200273 |