AEDEFFICIO
ActiveFinancials · financial year 2023, full format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 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 29-08-2024 PDF all 4 filings
Turnover
€358,371▼ 12.6%
2022 · €410,196
EBIT margin
29.9%▼ 8.6pp
2022 · 38.5%
Net result
€73,216▼ 31.9%
2022 · €107,477
Working capital
€389,820▲ 26.6%
2022 · €307,966
Multi-year overview
2020 to 2023, 4 financial yearsTurnover
€358,371
▼ 12.6%
2023
20202023
Operating result
€107,113
▼ 32.2%
2023
20202023
Net result
€73,216
▼ 31.9%
2023
middle half of the sector
20202023
EBIT margin
29.9%
▼ 8.6pp
2023
20202023
Equity
€401,807
▲ 22.3%
2023
middle half of the sector
20202023
Total assets
€435,343
▲ 12.9%
2023
middle half of the sector
20202023
Debt
€33,536
▼ 41.2%
2023
20202023
Working capital
€389,820
▲ 26.6%
2023
highest quarter of the sector
20202023
Solvency
92.3%
▲ 7.1pp
2023
highest quarter of the sector
20202023
Current ratio
13.26
▲ 5.42
2023
highest quarter of the sector
20202023
Return on assets (ROA)
16.8%
▼ 11.1pp
2023
highest quarter of the sector
20202023
Staff (FTE)
0.5
▼ 50.0%
2023
lowest quarter of the sector
20202023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Turnover€434,130-€345,465▼ 20.4%€410,196▲ 18.7%€358,371▼ 12.6%
Operating result€222,880-€104,866▼ 52.9%€157,932▲ 50.6%€107,113▼ 32.2%
Net result€153,871above the sector's middle half-€64,244above the sector's middle half▼ 58.2%€107,477above the sector's middle half▲ 67.3%€73,216within the sector's middle half▼ 31.9%
EBIT margin51.3%-30.4%▼ 21.0pp38.5%▲ 8.1pp29.9%▼ 8.6pp
Equity€156,871above the sector's middle half-€221,115above the sector's middle half▲ 41.0%€328,592above the sector's middle half▲ 48.6%€401,807within the sector's middle half▲ 22.3%
Total assets€240,973within the sector's middle half-€270,804above the sector's middle half▲ 12.4%€385,651above the sector's middle half▲ 42.4%€435,343within the sector's middle half▲ 12.9%
Debt€84,102-€49,689▼ 40.9%€57,059▲ 14.8%€33,536▼ 41.2%
Working capital€122,421above the sector's middle half-€194,993above the sector's middle half▲ 59.3%€307,966above the sector's middle half▲ 57.9%€389,820above the sector's middle half▲ 26.6%
Solvency65.1%within the sector's middle half-81.7%above the sector's middle half▲ 16.6pp85.2%above the sector's middle half▲ 3.6pp92.3%above the sector's middle half▲ 7.1pp
Current ratio3.35within the sector's middle half-8.07above the sector's middle half▲ 4.727.84above the sector's middle half▼ 0.2413.26above the sector's middle half▲ 5.42
Return on assets (ROA)63.9%above the sector's middle half-23.7%above the sector's middle half▼ 40.1pp27.9%above the sector's middle half▲ 4.1pp16.8%above the sector's middle half▼ 11.1pp
Staff (FTE)0.5below the sector's middle half-1▲ 100%1=0.5below the sector's middle half▼ 50.0%
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 32% lower than in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €435,343
Fixed assets
€13,716 ▼ 58.0%
Current assets
€421,627 ▲ 19.4%
Equity and liabilities €435,343
Equity
€401,807 ▲ 22.3%
Debt
€33,536 ▼ 41.2%
Debt's share of the balance-sheet total falls from 14.8% to 7.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126,027▼
2022 · €178,930
Cash flow
€92,130▼
2022 · €128,475
Debt to equity
0.08▼
2022 · 0.17
ROE
18.2%▼
2022 · 32.7%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€31,808▼
2022 · €45,055
Debt > 1 year
€1,728▼
2022 · €12,004
Income taxes
€33,183▼
2022 · €49,939
Customer credit
5 days▲
2022 · 5 days
Supplier credit
1 day▼
2022 · 8 days
Staff costs
€36,173▲
2022 · €32,757
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 | 0.5 |
| Average over the year, in full-time equivalents | 0.5 | 0.5 | 0.5 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | - | - | €12,004 |
| Pledge on other assets, amount secured | - | €22,128 | €12,004 |
| Carrying value of the other pledged assets | - | €24,651 | €12,325 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,012 | €5,378 | - |
| Depreciation and write-downs of the year | €19,313 | €20,998 | €18,914 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | €434,130 | €345,465 | €410,196 | €358,371 | ▼ 12.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €185,673 | €197,444 | €195,015 | ▼ 1.2% |
| Remuneration, social security and pensions62 | - | €34,577 | €32,757 | €36,173 | ▲ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,561 | €19,313 | €20,998 | €18,914 | ▼ 9.9% |
| Other operating charges640/8 | - | €1,036 | €1,065 | €1,156 | ▲ 8.5% |
| Gross operating margin9900 | €262,011 | €159,792 | €212,752 | €163,356 | ▼ 23.2% |
| Operating profit (loss)9901 | €222,880 | €104,866 | €157,932 | €107,113 | ▼ 32.2% |
| Financial charges65/66B | - | €618 | €516 | €714 | ▲ 38.3% |
| Recurring financial charges65 | €583 | €618 | €516 | €714 | ▲ 38.3% |
| Profit (loss) for the period before taxes9903 | €222,297 | €104,249 | €157,416 | €106,399 | ▼ 32.4% |
| Income taxes67/77 | €68,427 | €40,004 | €49,939 | €33,183 | ▼ 33.6% |
| Profit (loss) for the period9904 | €153,871 | €64,244 | €107,477 | €73,216 | ▼ 31.9% |
| Profit (loss) for the period to be appropriated9905 | €153,871 | €64,244 | €107,477 | €73,216 | ▼ 31.9% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €240,973 | €270,804 | €385,651 | €435,343 | ▲ 12.9% |
| Fixed assets21/28 | €66,550 | €48,249 | €32,630 | €13,716 | ▼ 58.0% |
| Tangible fixed assets22/27 | €66,550 | €48,249 | €32,630 | €13,716 | ▼ 58.0% |
| Furniture and vehicles24 | - | €48,249 | €32,630 | €13,716 | ▼ 58.0% |
| Current assets29/58 | €174,422 | €222,555 | €353,021 | €421,627 | ▲ 19.4% |
| Amounts receivable within one year40/41 | €1,275 | €8,467 | €13,263 | €11,327 | ▼ 14.6% |
| Trade receivables40 | - | €785 | €5,582 | €5,051 | ▼ 9.5% |
| Other amounts receivable41 | - | €7,682 | €7,682 | €6,277 | ▼ 18.3% |
| Cash at bank and in hand54/58 | €173,147 | €214,087 | €339,758 | €410,300 | ▲ 20.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €240,973 | €270,804 | €385,651 | €435,343 | ▲ 12.9% |
| Equity10/15 | €156,871 | €221,115 | €328,592 | €401,807 | ▲ 22.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | €3,000 | €3,000 | = |
| Issued capital100 | - | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €153,871 | €218,115 | €325,592 | €398,807 | ▲ 22.5% |
| Non-distributable reserves130/1 | - | €300 | €300 | €300 | = |
| Legal reserve130 | - | €300 | €300 | €300 | = |
| Distributable reserves133 | - | €217,815 | €325,292 | €398,507 | ▲ 22.5% |
| Amounts payable17/49 | €84,102 | €49,689 | €57,059 | €33,536 | ▼ 41.2% |
| Amounts payable after more than one year17 | €32,100 | €22,128 | €12,004 | €1,728 | ▼ 85.6% |
| Financial debts170/4 | - | €22,128 | €12,004 | €1,728 | ▼ 85.6% |
| Amounts payable within one year42/48 | €52,002 | €27,561 | €45,055 | €31,808 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | - | €9,973 | €10,123 | €10,276 | ▲ 1.5% |
| Trade debts44 | €106 | €519 | €4,071 | €459 | ▼ 88.7% |
| Suppliers440/4 | - | €519 | €4,071 | €459 | ▼ 88.7% |
| Taxes, remuneration and social security45 | - | €17,070 | €30,861 | €21,073 | ▼ 31.7% |
| Taxes450/3 | - | €14,389 | €27,447 | €17,248 | ▼ 37.2% |
| Remuneration and social security454/9 | - | €2,681 | €3,413 | €3,825 | ▲ 12.1% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153,871 | €64,244 | €107,477 | €73,216 | ▼ 31.9% |
| + Depreciation and write-downs630 | €16,561 | €19,313 | €20,998 | €18,914 | ▼ 9.9% |
| Operating cash flow (approximation) | €170,432 | €83,557 | €128,475 | €92,130 | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | -€1,012 | -€5,378 | €0 | - |
| Change in cash | - | €40,940 | €125,670 | €70,543 | ▼ 43.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.