BLACKSMITHS
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
21 d late
2022
29 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 26 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.4m▼ 5.6%
2023 · €1.5m
EBIT margin
-78.1%▼ 46.4pp
2023 · -31.7%
Net result
-€1.0m▼ 57.8%
2023 · -€659,502
Working capital
€116,251
2023 · -€19,715
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€2.6m-€3.0m▲ 15.6%€1.5m▼ 50.3%€1.4m▼ 5.6%
Operating result€51,867--€188,161-€470,620▼ 150%-€1.1m▼ 132%
Net result€49,472--€218,309-€659,502▼ 202%-€1.0m▼ 57.8%
EBIT margin2.0%--6.3%▼ 8.3pp-31.7%▼ 25.4pp-78.1%▼ 46.4pp
Equity€111,472--€106,837-€766,338▼ 617%€167,772
Total assets€405,897-€589,384▲ 45.2%€1.3m▲ 128%€394,349▼ 70.7%
Debt€294,425-€696,220▲ 136%€2.1m▲ 203%€226,577▼ 89.3%
Working capital€108,671--€429,732-€19,715▲ 95.4%€116,251
Staff (FTE)2-2.9▲ 45.0%2.1▼ 27.6%1.9▼ 9.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result -58%, Total assets -71% on 2023. Cause not known from the registers.
- 2023 Turnover -50%, Net result -202%, Equity -617%, Total assets +128% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.1m in 2024 against €470,620 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €394,349
Fixed assets
€51,600 ▼ 70.9%
Current assets
€342,748 ▼ 70.6%
Equity and liabilities €394,349
Equity
€167,772
Debt
€226,577
Debt finances 57.5% of the balance-sheet total.
Key figures and ratios
EBITDA
-€1.1m▼
2023 · -€469,136
Cash flow
-€1.0m▼
2023 · -€658,018
Current ratio
1.51▲
2023 · 0.98
Debt to equity
1.35▲
2023 · -2.75
ROE
-620.4%
ROA
-264.0%▼
2023 · -49.0%
Interest coverage
-19.03▼
2023 · -11.12
Debt ≤ 1 year
€226,497▼
2023 · €1.2m
Income taxes
€373▼
2023 · €1,180
Staff costs
€160,372▼
2023 · €161,794
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €2.6m | €3.0m | €1.5m | €1.4m | ▼ 5.6% |
| Goods, raw materials, services and sundry goods60/61 | €2.4m | €3.0m | €1.8m | €1.5m | ▼ 17.5% |
| Remuneration, social security and pensions62 | €168,056 | €211,453 | €161,794 | €160,372 | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,621 | €1,201 | €1,483 | €1,710 | ▲ 15.3% |
| Other operating charges640/8 | €1,305 | €1,780 | €1,495 | €2,392 | ▲ 60.0% |
| Non-recurring operating charges66A | - | - | - | €854,050 | - |
| Gross operating margin9900 | €222,848 | €26,272 | -€305,847 | -€74,797 | ▲ 75.5% |
| Operating profit (loss)9901 | €51,867 | -€188,161 | -€470,620 | -€1.1m | ▼ 132% |
| Financial income75/76B | €365 | €668 | €1 | €180,000 | ▲ 27,272,627% |
| Recurring financial income75 | €365 | €668 | €1 | €180,000 | ▲ 27,272,627% |
| Financial charges65/66B | €1,223 | €17,344 | €187,703 | €127,197 | ▼ 32.2% |
| Recurring financial charges65 | €1,223 | €17,344 | €42,200 | €57,375 | ▲ 36.0% |
| Non-recurring financial charges66B | - | - | €145,503 | €69,822 | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | €51,009 | -€204,837 | -€658,322 | -€1.0m | ▼ 58.1% |
| Income taxes67/77 | €1,537 | €13,472 | €1,180 | €373 | ▼ 68.4% |
| Profit (loss) for the period9904 | €49,472 | -€218,309 | -€659,502 | -€1.0m | ▼ 57.8% |
| Profit (loss) for the period to be appropriated9905 | €49,472 | -€218,309 | -€659,502 | -€1.0m | ▼ 57.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €405,897 | €589,384 | €1.3m | €394,349 | ▼ 70.7% |
| Fixed assets21/28 | €2,801 | €324,183 | €177,197 | €51,600 | ▼ 70.9% |
| Tangible fixed assets22/27 | €2,801 | €4,005 | €2,521 | €2,000 | ▼ 20.7% |
| Plant, machinery and equipment23 | €2,801 | €4,005 | €2,521 | €2,000 | ▼ 20.7% |
| Financial fixed assets28 | - | €320,178 | €174,675 | €49,600 | ▼ 71.6% |
| Current assets29/58 | €403,096 | €265,201 | €1.2m | €342,748 | ▼ 70.6% |
| Amounts receivable within one year40/41 | €389,672 | €256,208 | €1.2m | €330,291 | ▼ 71.4% |
| Trade receivables40 | €377,264 | €217,160 | €1.2m | €230,291 | ▼ 80.1% |
| Other amounts receivable41 | €12,407 | €39,048 | - | €100,000 | - |
| Cash at bank and in hand54/58 | €11,550 | €5,434 | €7,218 | €10,628 | ▲ 47.3% |
| Deferred charges and accrued income490/1 | €1,875 | €3,558 | €3,826 | €1,829 | ▼ 52.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €405,897 | €589,384 | €1.3m | €394,349 | ▼ 70.7% |
| Equity10/15 | €111,472 | -€106,837 | -€766,338 | €167,772 | ▲ 122% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €1.2m | ▲ 1,839% |
| Capital10 | €62,000 | €62,000 | €62,000 | €1.2m | ▲ 1,839% |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €1.2m | ▲ 1,839% |
| Reserves13 | €49,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €43,000 | - | - | - | - |
| Profit (loss) carried forward14 | €272 | -€175,037 | -€834,538 | -€1.0m | ▼ 24.7% |
| Amounts payable17/49 | €294,425 | €696,220 | €2.1m | €226,577 | ▼ 89.3% |
| Amounts payable within one year42/48 | €294,425 | €694,933 | €1.2m | €226,497 | ▼ 80.9% |
| Trade debts44 | €215,763 | €263,079 | €80,781 | €72,381 | ▼ 10.4% |
| Suppliers440/4 | €215,763 | €263,079 | €80,781 | €72,381 | ▼ 10.4% |
| Taxes, remuneration and social security45 | €17,479 | €50,906 | €141,471 | €20,662 | ▼ 85.4% |
| Taxes450/3 | €4,483 | €23,734 | €122,677 | €1,993 | ▼ 98.4% |
| Remuneration and social security454/9 | €12,996 | €27,173 | €18,794 | €18,669 | ▼ 0.7% |
| Other amounts payable47/48 | €61,183 | €380,948 | €965,114 | €133,454 | ▼ 86.2% |
| Accrued charges and deferred income492/3 | - | €1,287 | €923,820 | €80 | ▼ 100.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,472 | -€218,309 | -€659,502 | -€1.0m | ▼ 57.8% |
| + Depreciation and write-downs630 | €1,621 | €1,201 | €1,483 | €1,710 | ▲ 15.3% |
| Operating cash flow (approximation) | €51,093 | -€217,108 | -€658,018 | -€1.0m | ▼ 57.9% |
| Investment in fixed assets (approximation) | - | -€322,583 | €145,503 | €123,886 | ▼ 14.9% |
| Change in cash | - | -€6,115 | €1,783 | €3,411 | ▲ 91.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet -€1.0m
Net result drops to -€1.0m, the lowest in the series.
31-12
Financial
Equity above €150,000Eq €167,772
Equity rises from -€766,338 to €167,772.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- Nuclys
- De Cronos Groep
- BLACKSMITHS
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (2)
An older source named these holdings; newer accounts no longer list them.
- Sourceaccounts QUIN 31-10-2024100%
-
80%
According to the 2024 annual accounts of BLACKSMITHS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.