BFD
Open bankruptcyFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 31-07-2025 PDF all 5 filings
Turnover
≈ €370,000
Estimated: probably between €250,000 and €570,000
Total assets
€93,120▼ 61.0%
2023 · €238,464
Net result
-€305,079▼ 498%
2023 · -€51,002
Working capital
-€340,569▼ 1,143%
2023 · -€27,390
Multi-year overview
2020 to 2024, 5 financial yearsOperating result
-€295,314
▼ 532%
2024
20202024
Net result
-€305,079
▼ 498%
2024
lowest quarter of the sector
20202024
Equity
-€342,692
▼ 811%
2024
lowest quarter of the sector
20202024
Total assets
€93,120
▼ 61.0%
2024
middle half of the sector
20202024
Debt
€435,812
▲ 57.9%
2024
20202024
Working capital
-€340,569
▼ 1,143%
2024
lowest quarter of the sector
20202024
Solvency
-368.0%
▼ 352.2pp
2024
lowest quarter of the sector
20202024
Current ratio
0.17
▼ 0.72
2024
lowest quarter of the sector
20202024
Return on assets (ROA)
-327.6%
▼ 306.2pp
2024
lowest quarter of the sector
20202024
Staff (FTE)
2.8
▼ 17.6%
2024
20202024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result-€158,238--€53,614▲ 66.1%€7,575-€46,740-€295,314▼ 532%
Net result-€145,744below the sector's middle half--€21,773below the sector's middle half▲ 85.1%€7,666within the sector's middle half-€51,002below the sector's middle half-€305,079below the sector's middle half▼ 498%
Equity-€133,244below the sector's middle half--€155,017below the sector's middle half▼ 16.3%€13,389within the sector's middle half-€37,613below the sector's middle half-€342,692below the sector's middle half▼ 811%
Total assets€106,000within the sector's middle half-€122,646within the sector's middle half▲ 15.7%€183,630within the sector's middle half▲ 49.7%€238,464within the sector's middle half▲ 29.9%€93,120within the sector's middle half▼ 61.0%
Debt€239,244-€277,664▲ 16.1%€170,241▼ 38.7%€276,077▲ 62.2%€435,812▲ 57.9%
Working capital-€143,400below the sector's middle half--€167,446below the sector's middle half▼ 16.8%-€498within the sector's middle half▲ 99.7%-€27,390below the sector's middle half▼ 5,399%-€340,569below the sector's middle half▼ 1,143%
Solvency-125.7%below the sector's middle half--126.4%below the sector's middle half▼ 0.7pp7.3%within the sector's middle half▲ 133.7pp-15.8%below the sector's middle half▼ 23.1pp-368.0%below the sector's middle half▼ 352.2pp
Current ratio0.31below the sector's middle half-0.35below the sector's middle half▲ 0.041.00within the sector's middle half▲ 0.650.89within the sector's middle half▼ 0.110.17below the sector's middle half▼ 0.72
Return on assets (ROA)-137.5%below the sector's middle half--17.8%below the sector's middle half▲ 119.7pp4.2%within the sector's middle half▲ 21.9pp-21.4%below the sector's middle half▼ 25.6pp-327.6%below the sector's middle half▼ 306.2pp
Staff (FTE)3.4above the sector's middle half-3▼ 11.8%3.4▲ 13.3%3.4=2.8▼ 17.6%
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 a loss of €295,314, larger than the loss of €46,740 in 2023. It is the lowest result since 2020.
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 €93,120
Fixed assets
€22,877 ▲ 32.9%
Current assets
€70,243 ▼ 68.3%
Equity and liabilities
Equity-€342,692
Debt€435,812
Equity is negative. Debt (€435,812) exceeds the balance-sheet total (€93,120).
Key figures and ratios
EBITDA
-€283,979▼
2023 · -€38,815
Cash flow
-€293,744▼
2023 · -€43,077
Interest coverage
-27.28▼
2023 · -6.33
Debt ≤ 1 year
€410,812▲
2023 · €248,642
Debt > 1 year
€25,000▼
2023 · €27,435
Income taxes
€298▲
2023 · €292
Staff costs
€137,678▼
2023 · €141,232
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 4 | 4 | 4 |
| full-time | 2 | 4 | 4 | 4 |
| part-time | 1 | 0 | 0 | 0 |
| in full-time equivalents | 2.8 | 4 | 4 | 4 |
| Average over the year, in full-time equivalents | 3 | 3.4 | 3.4 | 2.8 |
| On a permanent contract | 3 | 3 | 3 | 2 |
| Joined | - | 110 | 110 | 184 |
| Left | - | 109 | 110 | 182 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €17,000 |
| Depreciation and write-downs of the year | €7,925 | €7,925 | €7,925 | €11,335 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €61,785 | €102,607 | €141,232 | €137,678 | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,387 | €7,925 | €7,925 | €7,925 | €11,335 | ▲ 43.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,862 | €0 | - | - | - |
| Other operating charges640/8 | - | €449 | €1,000 | €493 | €178,559 | ▲ 362× |
| Gross operating margin9900 | -€19,825 | €21,406 | €119,107 | €102,910 | €32,257 | ▼ 68.7% |
| Operating profit (loss)9901 | -€158,238 | -€53,614 | €7,575 | -€46,740 | -€295,314 | ▼ 532% |
| Financial income75/76B | - | €33,661 | €3,001 | €2,164 | €944 | ▼ 56.4% |
| Recurring financial income75 | €14,045 | €33,661 | €3,001 | €2,164 | €944 | ▼ 56.4% |
| Financial charges65/66B | - | €1,546 | €2,633 | €6,134 | €10,411 | ▲ 69.7% |
| Recurring financial charges65 | €1,285 | €1,546 | €2,633 | €6,134 | €10,411 | ▲ 69.7% |
| Profit (loss) for the period before taxes9903 | -€145,478 | -€21,499 | €7,943 | -€50,710 | -€304,781 | ▼ 501% |
| Income taxes67/77 | €267 | €273 | €277 | €292 | €298 | ▲ 2.1% |
| Profit (loss) for the period9904 | -€145,744 | -€21,773 | €7,666 | -€51,002 | -€305,079 | ▼ 498% |
| Profit (loss) for the period to be appropriated9905 | -€145,744 | -€21,773 | €7,666 | -€51,002 | -€305,079 | ▼ 498% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,000 | €122,646 | €183,630 | €238,464 | €93,120 | ▼ 61.0% |
| Fixed assets21/28 | €40,986 | €33,061 | €25,137 | €17,212 | €22,877 | ▲ 32.9% |
| Tangible fixed assets22/27 | €40,736 | €32,811 | €24,887 | €16,962 | €22,627 | ▲ 33.4% |
| Furniture and vehicles24 | - | €504 | €340 | €175 | €13,600 | ▲ 78× |
| Leasing and similar rights25 | - | €32,307 | €24,547 | €16,787 | €9,027 | ▼ 46.2% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €65,014 | €89,585 | €158,493 | €221,252 | €70,243 | ▼ 68.3% |
| Amounts receivable after more than one year29 | - | - | €58,150 | €135,503 | €0 | ▼ 100% |
| Trade receivables290 | - | - | €58,150 | €135,503 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €6,141 | €13,055 | €17,971 | €12,941 | €0 | ▼ 100% |
| Stocks30/36 | - | €13,055 | €17,971 | €12,941 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €51,678 | €70,794 | €79,958 | €67,394 | €57,146 | ▼ 15.2% |
| Trade receivables40 | - | €66,394 | €63,013 | €59,756 | €56,657 | ▼ 5.2% |
| Other amounts receivable41 | - | €4,400 | €16,945 | €7,638 | €488 | ▼ 93.6% |
| Cash at bank and in hand54/58 | €7,194 | €5,736 | €2,414 | €5,414 | €13,097 | ▲ 142% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,000 | €122,646 | €183,630 | €238,464 | €93,120 | ▼ 61.0% |
| Equity10/15 | -€133,244 | -€155,017 | €13,389 | -€37,613 | -€342,692 | ▼ 811% |
| Contributions10/11 | - | €12,500 | €173,240 | €173,240 | €173,240 | = |
| Profit (loss) carried forward14 | -€145,744 | -€167,517 | -€159,851 | -€210,853 | -€515,932 | ▼ 145% |
| Amounts payable17/49 | €239,244 | €277,664 | €170,241 | €276,077 | €435,812 | ▲ 57.9% |
| Amounts payable after more than one year17 | €30,831 | €20,632 | €11,250 | €27,435 | €25,000 | ▼ 8.9% |
| Financial debts170/4 | - | €20,632 | €11,250 | €27,435 | €25,000 | ▼ 8.9% |
| Amounts payable within one year42/48 | €208,413 | €257,032 | €158,991 | €248,642 | €410,812 | ▲ 65.2% |
| Current portion of amounts payable after more than one year42 | - | €24,038 | €16,423 | €24,478 | €16,867 | ▼ 31.1% |
| Trade debts44 | €29,834 | €44,313 | €63,760 | €99,770 | €108,855 | ▲ 9.1% |
| Suppliers440/4 | - | €44,313 | €63,760 | €99,770 | €108,855 | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | €15,994 | €34,636 | €52,586 | €49,085 | ▼ 6.7% |
| Taxes450/3 | - | €1,821 | €8,608 | €23,139 | €46,814 | ▲ 102% |
| Remuneration and social security454/9 | - | €14,173 | €26,028 | €29,447 | €2,271 | ▼ 92.3% |
| Other amounts payable47/48 | - | €172,687 | €44,172 | €71,809 | €236,005 | ▲ 229% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€145,744 | -€21,773 | €7,666 | -€51,002 | -€305,079 | ▼ 498% |
| + Depreciation and write-downs630 | €6,387 | €7,925 | €7,925 | €7,925 | €11,335 | ▲ 43.0% |
| Operating cash flow (approximation) | -€139,357 | -€13,848 | €15,591 | -€43,077 | -€293,744 | ▼ 582% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€17,000 | - |
| Change in cash | - | -€1,458 | -€3,322 | €3,000 | €7,684 | ▲ 156% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-07-2025 | 2025-00336109 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00295702 | |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00108819 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20364330 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69900359 |