BALTA SERVICES
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 30-09-2024, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2024
31 d early
2023
26 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€10.35M▼ 61.0%
2023 · €26.56M
2023: €26.56M
2023 → 2024
EBIT margin
7.3%▲ 2.3pp
2023 · 5.0%
2023: 5.0%
2023 → 2024
Net result
€26k▼ 96.1%
2023 · €658k
2023: €658k
2023 → 2024
Working capital
€-1.23M
2023 · €896k
2023: €896k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€26.56M-€10.35M▼ 61.0%
Equity€1.82M-€1.84M▲ 1.4%
Operating result€1.34M-€761k▼ 43.3%
Net result€658k-€26k▼ 96.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.50M
Fixed assets
€3.26M ▲ 148%
Current assets
€2.24M ▼ 88.6%
Equity and liabilities €5.50M
Equity
€1.84M ▲ 1.4%
Debt
€3.65M ▼ 80.8%
Debt's share of the balance-sheet total falls from 91.3% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.24M▼
2023 · €2.29M
Cash flow
€506k▼
2023 · €1.61M
Current ratio
0.65▼
2023 · 1.05
Debt to equity
1.98▼
2023 · 10.49
ROE
1.4%▼
2023 · 36.2%
ROA
0.5%▼
2023 · 3.2%
Interest coverage
2.22▼
2023 · 4.19
Debt ≤ 1 year
€3.46M▼
2023 · €18.66M
Income taxes
€292k▲
2023 · €77k
Staff costs
€3.64M▼
2023 · €9.28M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€20.88M€5.50M▼
Fixed assets21/28€1.32M€3.26M▲
Intangible fixed assets21€698k€2.39M▲
Tangible fixed assets22/27€619k€873k▲
Furniture and vehicles24€619k€873k▲
Current assets29/58€19.56M€2.24M▼
Amounts receivable within one year40/41€19.22M€2.17M▼
Trade receivables40€17.43M€1.60M▼
Other amounts receivable41€1.79M€572k▼
Deferred charges and accrued income490/1€337k€67k▼
Equity and liabilities
Total equity and liabilities10/49€20.88M€5.50M▼
Equity10/15€1.82M€1.84M▲
Contributions10/11€566k€566k=
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Other1319€20k€20k=
Profit (loss) carried forward14€1.23M€1.26M▲
Amounts payable17/49€19.06M€3.65M▼
Amounts payable within one year42/48€18.66M€3.46M▼
Trade debts44€1.38M€2.02M▲
Suppliers440/4€1.38M€2.02M▲
Taxes, remuneration and social security45€773k€954k▲
Taxes450/3€144k€58k▼
Remuneration and social security454/9€629k€897k▲
Other amounts payable47/48€16.51M€488k▼
Accrued charges and deferred income492/3€396k€193k▼
Income statement
Code20232024
Operating income70/76A€29.33M€11.14M▼
Turnover70€26.56M€10.35M▼
Own construction capitalised72€810k€462k▼
Other operating income74€1.95M€323k▼
Non-recurring operating income76A€4k€5k▲
Operating charges60/66A€27.98M€10.38M▼
Services and other goods61€16.60M€6.22M▼
Remuneration, social security and pensions62€9.28M€3.64M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€948k€481k▼
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€1.16M€36k▼
Operating profit (loss)9901€1.34M€761k▼
Financial income75/76B€400k€130k▼
Recurring financial income75€400k€130k▼
Other financial income752/9€400k€130k▼
Financial charges65/66B€1.01M€573k▼
Recurring financial charges65€1.01M€573k▼
Debt charges650€546k€560k▲
Other financial charges652/9€460k€13k▼
Profit (loss) for the period before taxes9903€735k€318k▼
Income taxes67/77€77k€292k▲
Taxes670/3€77k€292k▲
Profit (loss) for the period9904€658k€26k▼
Profit (loss) for the period to be appropriated9905€658k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.23M€1.26M▲
Profit (loss) brought forward from the previous period14P€573k€1.23M▲
Social balance
Average headcount (FTE)908728.830.6▲
The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
23-09
State Gazette act
General meeting · Merger
Dissolution · Net-asset statement · Elise Deboosere
18-06
State Gazette act
Merger · Accounting effect
Notary · No new shares · Elise Deboosere
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2021
16-12
State Gazette act
Demerger · Accounting effect
Net-asset statement · Corporate purpose · Bob Bultereys
State Gazette actNBB filing
Structure & network
Acquisitions and mergers
2 transactionsTaken over by:Balta Industries
Received in a demerger part of:BALTA
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,928 EUR awarded · 1,928 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 682 EUR | 682 EUR |
| 2023 | 1 | 1,246 EUR | 1,246 EUR |
Schemes
Vlaams opleidingsverlof (VOV)