AL-DEM
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 190 days after the deadline Filed on 6 February 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00034637.
Annual accounts 2024 filed on 06-02-2026 PDF all 4 filings
Turnover
≈ €1.6m
Estimated: probably between €1.1m and €2.2m
Total assets
€294,332▲ 28.2%
2023 · €229,633
Net result
€27,104▲ 168%
2023 · €10,128
Working capital
-€44,089▲ 43.5%
2023 · -€78,091
Multi-year overview
2021 to 2024, 4 financial yearsOperating result
€22,796
▲ 91.9%
2024
20212024
Net result
€27,104
▲ 168%
2024
highest quarter of the sector
20212024
Equity
€99,617
▲ 59.9%
2024
middle half of the sector
20212024
Total assets
€294,332
▲ 28.2%
2024
middle half of the sector
20212024
Debt
€194,715
▲ 16.4%
2024
20212024
Working capital
-€44,089
▲ 43.5%
2024
lowest quarter of the sector
20212024
Solvency
33.8%
▲ 6.7pp
2024
middle half of the sector
20212024
Current ratio
0.77
▲ 0.24
2024
lowest quarter of the sector
20212024
Return on assets (ROA)
9.2%
▲ 4.8pp
2024
middle half of the sector
20212024
Staff (FTE)
5.9
▲ 73.5%
2024
20212024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€8,660-€48,805▲ 464%€11,877▼ 75.7%€22,796▲ 91.9%
Net result€6,711within the sector's middle half-€35,874above the sector's middle half▲ 435%€10,128within the sector's middle half▼ 71.8%€27,104above the sector's middle half▲ 168%
Equity€16,311within the sector's middle half-€52,185within the sector's middle half▲ 220%€62,313within the sector's middle half▲ 19.4%€99,617within the sector's middle half▲ 59.9%
Total assets€168,568within the sector's middle half-€196,608within the sector's middle half▲ 16.6%€229,633within the sector's middle half▲ 16.8%€294,332within the sector's middle half▲ 28.2%
Debt€152,256-€144,423▼ 5.1%€167,320▲ 15.9%€194,715▲ 16.4%
Working capital-€139,617below the sector's middle half--€83,968below the sector's middle half▲ 39.9%-€78,091below the sector's middle half▲ 7.0%-€44,089below the sector's middle half▲ 43.5%
Solvency9.7%within the sector's middle half-26.5%within the sector's middle half▲ 16.9pp27.1%within the sector's middle half▲ 0.6pp33.8%within the sector's middle half▲ 6.7pp
Current ratio0.08below the sector's middle half-0.42below the sector's middle half▲ 0.340.53below the sector's middle half▲ 0.110.77below the sector's middle half▲ 0.24
Return on assets (ROA)4.0%within the sector's middle half-18.2%above the sector's middle half▲ 14.3pp4.4%within the sector's middle half▼ 13.8pp9.2%within the sector's middle half▲ 4.8pp
Staff (FTE)1.63.4▲ 113%5.9▲ 73.5%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 2024 is 92% higher than in 2023. It is a recovery after the fall in 2023.
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
2024 in colour, 2023 as the grey bar beneath
Assets €294,332
Fixed assets
€143,706 ▲ 2.4%
Current assets
€150,627 ▲ 68.8%
Equity and liabilities €294,332
Equity
€99,617 ▲ 59.9%
Debt
€194,715 ▲ 16.4%
Debt's share of the balance-sheet total falls from 72.9% to 66.2%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.26▲
2023 · 0.07
Debt to equity
1.95▼
2023 · 2.69
ROE
27.2%▲
2023 · 16.3%
Debt ≤ 1 year
€194,715▲
2023 · €167,320
Income taxes
-€8,792▼
2023 · €103
Staff costs
€174,281▲
2023 · €103,736
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 5 | 5 |
| full-time | 3 | 5 | 3 |
| part-time | - | - | 2 |
| in full-time equivalents | 3 | 5 | 4.8 |
| Average over the year, in full-time equivalents | 1.6 | 3.4 | 5.9 |
| On a permanent contract | 3 | 5 | 4 |
| Joined | 3 | 3 | 4 |
| Left | 3 | 1 | 4 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €169,994 | - | - | €3,302 |
| Financial fixed assets | - | - | €4,250 | - |
| Depreciation and write-downs of the year | €14,142 | €19,776 | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20,484 | €42,864 | €103,736 | €174,281 | ▲ 68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,142 | €19,776 | - | - | - |
| Other operating charges640/8 | €100 | €1,118 | €564 | €2,531 | ▲ 349% |
| Gross operating margin9900 | €43,387 | €112,562 | €116,177 | €199,609 | ▲ 71.8% |
| Operating profit (loss)9901 | €8,660 | €48,805 | €11,877 | €22,796 | ▲ 91.9% |
| Financial income75/76B | €92 | €10 | €200 | €213 | ▲ 6.3% |
| Recurring financial income75 | €92 | €10 | €200 | €213 | ▲ 6.3% |
| Financial charges65/66B | €172 | €717 | €1,847 | €4,697 | ▲ 154% |
| Recurring financial charges65 | €172 | €717 | €1,847 | €4,697 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €8,580 | €48,098 | €10,231 | €18,312 | ▲ 79.0% |
| Income taxes67/77 | €1,869 | €12,225 | €103 | -€8,792 | - |
| Profit (loss) for the period9904 | €6,711 | €35,874 | €10,128 | €27,104 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €6,711 | €35,874 | €10,128 | €27,104 | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €168,568 | €196,608 | €229,633 | €294,332 | ▲ 28.2% |
| Formation expenses20 | €77 | - | - | - | - |
| Fixed assets21/28 | €155,852 | €136,153 | €140,403 | €143,706 | ▲ 2.4% |
| Tangible fixed assets22/27 | €155,852 | €136,153 | €136,153 | €139,456 | ▲ 2.4% |
| Plant, machinery and equipment23 | €151,326 | €133,627 | €133,627 | €136,930 | ▲ 2.5% |
| Furniture and vehicles24 | €4,526 | €2,526 | €2,526 | €2,526 | = |
| Financial fixed assets28 | - | - | €4,250 | €4,250 | = |
| Current assets29/58 | €12,639 | €60,455 | €89,230 | €150,627 | ▲ 68.8% |
| Stocks and contracts in progress3 | €11,251 | €14,813 | €78,296 | €100,850 | ▲ 28.8% |
| Stocks30/36 | €11,251 | €14,813 | €78,296 | €100,850 | ▲ 28.8% |
| Amounts receivable within one year40/41 | €723 | €39,126 | €2,645 | €21,885 | ▲ 728% |
| Trade receivables40 | - | €39,098 | - | - | - |
| Other amounts receivable41 | €723 | €28 | €2,645 | €21,885 | ▲ 728% |
| Cash at bank and in hand54/58 | €665 | €6,516 | €5,866 | €25,474 | ▲ 334% |
| Deferred charges and accrued income490/1 | - | - | €2,423 | €2,417 | ▼ 0.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €168,568 | €196,608 | €229,633 | €294,332 | ▲ 28.2% |
| Equity10/15 | €16,311 | €52,185 | €62,313 | €99,617 | ▲ 59.9% |
| Contributions10/11 | €9,600 | €9,600 | €9,600 | €19,800 | ▲ 106% |
| Profit (loss) carried forward14 | €6,711 | €42,585 | €52,713 | €79,817 | ▲ 51.4% |
| Amounts payable17/49 | €152,256 | €144,423 | €167,320 | €194,715 | ▲ 16.4% |
| Amounts payable within one year42/48 | €152,256 | €144,423 | €167,320 | €194,715 | ▲ 16.4% |
| Financial debts43 | - | €5 | - | - | - |
| Credit institutions430/8 | - | €5 | - | - | - |
| Trade debts44 | €116,521 | €63,968 | €69,355 | €62,985 | ▼ 9.2% |
| Suppliers440/4 | €116,521 | €63,968 | €69,355 | €62,985 | ▼ 9.2% |
| Advances received on contracts in progress46 | - | - | €3,200 | - | - |
| Taxes, remuneration and social security45 | €7,764 | €19,899 | €29,616 | €65,845 | ▲ 122% |
| Taxes450/3 | €4,532 | €19,899 | €16,134 | €27,357 | ▲ 69.6% |
| Remuneration and social security454/9 | €3,232 | - | €13,482 | €38,489 | ▲ 185% |
| Other amounts payable47/48 | €27,972 | €60,552 | €65,150 | €65,884 | ▲ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,711 | €35,874 | €10,128 | €27,104 | ▲ 168% |
| + Depreciation and write-downs630 | €14,142 | €19,776 | - | - | - |
| Operating cash flow (approximation) | €20,854 | €55,649 | €10,128 | €27,104 | ▲ 168% |
| Investment in fixed assets (approximation) | - | -€77 | -€4,250 | -€3,302 | ▲ 22.3% |
| Change in cash | - | €5,851 | -€650 | €19,608 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.