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Open bankruptcyFinancials · fiscal year 2024, abbreviated schema
Equity
-€705,204▼ 1,551%
2023 · -€42,719
Total assets
€948,603▼ 41.5%
2023 · €1.6m
Net result
-€662,485▼ 66.5%
2023 · -€397,792
Working capital
-€716,874▼ 759%
2023 · -€83,408
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€0.07m▲ 89.7%€0.1m▲ 97.9%€0.5m▲ 247%-€0.3m-€0.2m▲ 20.4%
Net result€0.04mwithin the sector's middle half▲ 827%-€0.01mbelow the sector's middle half€0.2mabove the sector's middle half-€0.4mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 66.5%
Equity€0.2mwithin the sector's middle half▲ 35.3%€0.2mwithin the sector's middle half▼ 6.9%€0.4mwithin the sector's middle half▲ 130%-€0.04mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 1,551%
Total assets€1.0mwithin the sector's middle half▲ 31.4%€1.5mwithin the sector's middle half▲ 56.8%€2.6mabove the sector's middle half▲ 72.0%€1.6mwithin the sector's middle half▼ 37.2%€0.9mwithin the sector's middle half▼ 41.5%
Debt€0.8m▲ 30.6%€1.3m▲ 70.1%€2.2m▲ 65.3%€1.7m▼ 25.3%€1.7m▼ 0.7%
Working capital€0.03mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 12.9%€0.3mwithin the sector's middle half▲ 625%-€0.08mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 759%
Solvency17.3%below the sector's middle half▲ 0.5pp10.3%below the sector's middle half▼ 7.0pp13.7%below the sector's middle half▲ 3.5pp-2.6%below the sector's middle half▼ 16.4pp-74.3%below the sector's middle half▼ 71.7pp
Current ratio1.05within the sector's middle half▲ 0.051.03within the sector's middle half▼ 0.021.13within the sector's middle half▲ 0.100.95below the sector's middle half▼ 0.180.57below the sector's middle half▼ 0.38
Return on assets (ROA)4.5%within the sector's middle half▲ 3.9pp-0.8%below the sector's middle half▼ 5.3pp7.8%within the sector's middle half▲ 8.5pp-24.5%below the sector's middle half▼ 32.3pp-69.8%below the sector's middle half▼ 45.3pp
Staff (FTE)30.6above the sector's middle half32.1above the sector's middle half▲ 4.9%27.4above the sector's middle half▼ 14.6%24.7above the sector's middle half▼ 9.9%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €237,947 in 2024 against €299,034 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €948,603
Fixed assets
€11,670 ▼ 75.4%
Current assets
€936,933 ▼ 40.5%
Equity and liabilities
Equity-€705,204
Debt€1.7m
Equity is negative: debt (€1.7m) exceeds the balance-sheet total (€948,603).
Key figures and ratios
EBITDA
-€203,740▲
2023 · -€232,540
Cash flow
-€628,278▼
2023 · -€331,298
Interest coverage
-1.80▲
2023 · -4.81
Debt ≤ 1 year
€1.7m▼
2023 · €1.7m
Income taxes
€348,919▲
2023 · €50,386
Staff costs
€776,223▼
2023 · €892,392
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.2m | €0.07m | ▼ 57.4% |
| Remuneration, social security and pensions62 | - | €1.1m | €1.0m | €0.9m | €0.8m | ▼ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.08m | €0.08m | €0.07m | €0.03m | ▼ 48.6% |
| Other operating charges640/8 | - | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 24.9% |
| Non-recurring operating charges66A | - | €0.001m | €0.04m | €0.09m | €0.004m | ▼ 96.1% |
| Gross operating margin9900 | €1.1m | €1.6m | €2.0m | €1.1m | €0.8m | ▼ 23.8% |
| Operating profit (loss)9901 | €0.07m | €0.1m | €0.5m | -€0.3m | -€0.2m | ▲ 20.4% |
| Financial income75/76B | - | €0.03m | - | €4 | €0.04m | ▲ 932,325% |
| Recurring financial income75 | - | €0.03m | - | €4 | €240 | ▲ 5,900% |
| Non-recurring financial income76B | - | €0.03m | - | - | €0.04m | - |
| Financial charges65/66B | - | €0.1m | €0.1m | €0.05m | €0.1m | ▲ 133% |
| Recurring financial charges65 | €0.008m | €0.1m | €0.1m | €0.05m | €0.1m | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.02m | €0.3m | -€0.3m | -€0.3m | ▲ 9.7% |
| Income taxes67/77 | €0.02m | €0.03m | €0.1m | €0.05m | €0.3m | ▲ 592% |
| Profit (loss) for the period9904 | €0.04m | -€0.01m | €0.2m | -€0.4m | -€0.7m | ▼ 66.5% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | -€0.01m | €0.2m | -€0.4m | -€0.7m | ▼ 66.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.5m | €2.6m | €1.6m | €0.9m | ▼ 41.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.05m | €0.01m | ▼ 75.4% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.04m | - | - |
| Furniture and vehicles24 | - | €0.07m | €0.04m | €0.02m | - | - |
| Leasing and similar rights25 | - | €0.1m | €0.06m | €0.03m | - | - |
| Financial fixed assets28 | €400 | €0.003m | €0.004m | €0.004m | €0.01m | ▲ 180% |
| Current assets29/58 | €0.7m | €1.3m | €2.5m | €1.6m | €0.9m | ▼ 40.5% |
| Amounts receivable within one year40/41 | €0.6m | €1.3m | €2.2m | €1.6m | €0.9m | ▼ 41.7% |
| Trade receivables40 | - | €1.0m | €1.5m | €1.6m | €0.9m | ▼ 43.9% |
| Other amounts receivable41 | - | €0.3m | €0.6m | - | €0.03m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.01m | €0.1m | €8 | €0.004m | ▲ 51,075% |
| Deferred charges and accrued income490/1 | - | €0.005m | €0.2m | €0.009m | €0.02m | ▲ 120% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.5m | €2.6m | €1.6m | €0.9m | ▼ 41.5% |
| Equity10/15 | €0.2m | €0.2m | €0.4m | -€0.04m | -€0.7m | ▼ 1,551% |
| Contributions10/11 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | €0.003m | €0.003m | €0.003m | - | - |
| Reserves not available under the articles1311 | - | €0.003m | €0.003m | €0.003m | - | - |
| Tax-exempt reserves132 | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | - | €0.003m | - |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.3m | -€0.1m | -€0.8m | ▼ 696% |
| Amounts payable17/49 | €0.8m | €1.3m | €2.2m | €1.7m | €1.7m | ▼ 0.7% |
| Amounts payable after more than one year17 | €0.09m | €0.06m | €0.03m | €0.007m | - | - |
| Financial debts170/4 | - | €0.06m | €0.03m | €0.007m | - | - |
| Amounts payable within one year42/48 | €0.7m | €1.3m | €2.2m | €1.7m | €1.7m | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | - | €0.04m | €0.05m | €0.03m | €0.02m | ▼ 20.9% |
| Financial debts43 | - | - | - | €0.01m | €0.01m | ▼ 2.4% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.01m | ▼ 2.4% |
| Trade debts44 | €0.3m | €0.4m | €1.1m | €0.7m | €0.5m | ▼ 25.7% |
| Suppliers440/4 | - | €0.4m | €1.1m | €0.7m | €0.5m | ▼ 25.7% |
| Taxes, remuneration and social security45 | - | €0.8m | €1.0m | €0.9m | €1.1m | ▲ 19.9% |
| Taxes450/3 | - | €0.4m | €0.7m | €0.6m | €0.7m | ▲ 16.5% |
| Remuneration and social security454/9 | - | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 25.2% |
| Other amounts payable47/48 | - | - | - | €0.005m | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,212 | -€11,454 | €200,927 | -€397,792 | -€662,485 | ▼ 66.5% |
| + Depreciation and write-downs630 | €80,925 | €79,880 | €79,880 | €66,494 | €34,207 | ▼ 48.6% |
| Operating cash flow (approximation) | €124,137 | €68,426 | €280,807 | -€331,298 | -€628,278 | ▼ 89.6% |
| Investment in fixed assets (approximation) | - | -€34,107 | -€10,831 | -€3,595 | €1,538 | ▲ 143% |
| Change in cash | - | -€149,609 | €107,900 | -€118,258 | €4,086 | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 12,579 companies in this sector we hold annual accounts for 8,250. 2,361 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 · 1 entry · €24,000 awarded · €24,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €24,000 | €24,000 |