ADVENSED
ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 January 2025 The financial year closed on 30 June 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 1 November 2026.
Annual accounts 2023 filed on 27-02-2024 PDF all 14 filings
Turnover
≈ €42,000
Estimated: probably between €19,000 and €100,000
Total assets
€301,686▼ 24.1%
2022 · €397,351
Net result
-€11,128▼ 1,421%
2022 · -€732
Working capital
€95,729▼ 34.9%
2022 · €147,078
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result for 2023 is a loss of €218, after a profit of €12,008 in 2022.
Operating result-€218
2023
Net result-€11,128
2023
Total assets€301,686
2023
Equity€48,421
2023
Debt€253,265
2023
Working capital€95,729
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€24,352--€5,414-€1,304▲ 75.9%€12,008-€218
Net result€25,489--€3,126-€7,179▼ 130%-€732▲ 89.8%-€11,128▼ 1,421%
Equity€70,585-€67,459▼ 4.4%€60,280▼ 10.6%€59,548▼ 1.2%€48,421▼ 18.7%
Total assets€524,101-€495,629▼ 5.4%€453,274▼ 8.5%€397,351▼ 12.3%€301,686▼ 24.1%
Debt€433,091-€407,745▼ 5.9%€392,994▼ 3.6%€337,802▼ 14.0%€253,265▼ 25.0%
Working capital€274,914-€242,015▼ 12.0%€186,973▼ 22.7%€147,078▼ 21.3%€95,729▼ 34.9%
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 €301,686
Fixed assets
€123,973 ▼ 4.4%
Current assets
€177,713 ▼ 33.6%
Equity and liabilities €301,686
Equity
€48,421 ▼ 18.7%
Debt
€253,265 ▼ 25.0%
Debt's share of the balance-sheet total falls from 85.0% to 83.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,448▼
2022 · €17,675
Cash flow
-€5,461▼
2022 · €4,935
Current ratio
2.17▼
2022 · 2.22
Debt to equity
5.23▼
2022 · 5.67
ROE
-23.0%▼
2022 · -1.2%
ROA
-3.7%▼
2022 · -0.2%
Interest coverage
0.50▼
2022 · 1.39
Debt ≤ 1 year
€81,984▼
2022 · €120,633
Debt > 1 year
€170,485▼
2022 · €217,169
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 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €8,517 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,666 | €5,666 | €5,666 | €5,666 | €5,666 | = |
| Gross operating margin9900 | €30,019 | €253 | €4,362 | €26,192 | €5,448 | ▼ 79.2% |
| Operating profit (loss)9901 | €24,352 | -€5,414 | -€1,304 | €12,008 | -€218 | - |
| Recurring financial income75 | €21,135 | €18,373 | - | - | - | - |
| Financial charges65/66B | - | - | - | €12,740 | €10,910 | ▼ 14.4% |
| Recurring financial charges65 | €17,308 | €16,085 | €15,611 | €12,740 | €10,910 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €28,179 | -€3,126 | -€16,916 | -€732 | -€11,128 | ▼ 1,421% |
| Income taxes67/77 | €2,690 | - | €10,688 | - | - | - |
| Profit (loss) for the period9904 | €25,489 | -€3,126 | -€7,179 | -€732 | -€11,128 | ▼ 1,421% |
| Profit (loss) for the period to be appropriated9905 | €25,489 | -€3,126 | €32,488 | -€732 | -€11,128 | ▼ 1,421% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €524,101 | €495,629 | €453,274 | €397,351 | €301,686 | ▼ 24.1% |
| Fixed assets21/28 | €146,639 | €140,972 | €135,306 | €129,639 | €123,973 | ▼ 4.4% |
| Tangible fixed assets22/27 | €146,639 | €140,972 | €135,306 | €129,639 | €123,973 | ▼ 4.4% |
| Land and buildings22 | - | - | - | €129,639 | €123,973 | ▼ 4.4% |
| Current assets29/58 | €377,462 | €354,657 | €317,968 | €267,711 | €177,713 | ▼ 33.6% |
| Amounts receivable within one year40/41 | €369,973 | €354,439 | €316,189 | €266,747 | €172,455 | ▼ 35.3% |
| Trade receivables40 | - | - | - | €600 | - | - |
| Other amounts receivable41 | - | - | - | €266,147 | €172,455 | ▼ 35.2% |
| Cash at bank and in hand54/58 | €4,390 | €219 | €1,780 | €964 | €5,258 | ▲ 445% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €524,101 | €495,629 | €453,274 | €397,351 | €301,686 | ▼ 24.1% |
| Equity10/15 | €70,585 | €67,459 | €60,280 | €59,548 | €48,421 | ▼ 18.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | = |
| Revaluation surpluses12 | - | - | - | €19,260 | €19,260 | = |
| Reserves13 | €39,667 | €39,667 | - | - | - | - |
| Profit (loss) carried forward14 | €5,458 | €2,332 | €34,820 | €34,088 | €22,961 | ▼ 32.6% |
| Provisions and deferred taxes16 | €20,425 | €20,425 | - | - | - | - |
| Amounts payable17/49 | €433,091 | €407,745 | €392,994 | €337,802 | €253,265 | ▼ 25.0% |
| Amounts payable after more than one year17 | €329,189 | €295,103 | €261,998 | €217,169 | €170,485 | ▼ 21.5% |
| Financial debts170/4 | - | - | - | €217,169 | €170,485 | ▼ 21.5% |
| Amounts payable within one year42/48 | €102,549 | €112,642 | €130,996 | €120,633 | €81,984 | ▼ 32.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €44,829 | €46,684 | ▲ 4.1% |
| Trade debts44 | €6,570 | €2,348 | €3,466 | €2,328 | - | - |
| Suppliers440/4 | - | - | - | €2,328 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €33 | - | - |
| Remuneration and social security454/9 | - | - | - | €33 | - | - |
| Other amounts payable47/48 | - | - | - | €73,443 | €35,300 | ▼ 51.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €797 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,489 | -€3,126 | -€7,179 | -€732 | -€11,128 | ▼ 1,421% |
| + Depreciation and write-downs630 | €5,666 | €5,666 | €5,666 | €5,666 | €5,666 | = |
| Operating cash flow (approximation) | €31,155 | €2,540 | -€1,512 | €4,935 | -€5,461 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,171 | €1,561 | -€816 | €4,294 | - |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 27-02-2024 | 2024-00034809 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00021638 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04000226 | |
| 30-06-2020 | micro format | 29-04-2021 | 2021-12000443 | |
| 30-06-2019 | micro format | 21-10-2020 | 2020-62100381 | |
| 30-06-2018 | micro format | 28-02-2019 | 2019-06500276 | |
| 30-06-2017 | micro format | 15-10-2018 | 2018-69200489 | |
| 30-06-2016 | full format | 15-10-2018 | 2018-69200490 | |
| 30-06-2015 | full format | 29-02-2016 | 2016-05700463 | |
| 30-06-2013 | full format | 27-02-2014 | 2014-05300228 |