BOLTZMANN
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 07-08-2024, 85 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2024
85 d early
2023
76 d early
2022
81 d early
2020
55 d late
2019
28 d late
2018
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€4k▼ 99.0%
2023 · €367k
2018: €22k
2019: €143k▲ +542% vs 2018
2020: €305k▲ +113% vs 2019
2022: €280k
2023: €367k▲ +31.2% vs 2022highest value
2024: €4k▼ -99.0% vs 2023lowest value
2018 → 2024
Total assets
€1.42M▲ 29.0%
2023 · €1.10M
2018: €118klowest value
2019: €356k▲ +202% vs 2018
2020: €849k▲ +138% vs 2019
2022: €1.32M
2023: €1.10M▼ -16.3% vs 2022
2024: €1.42M▲ +29.0% vs 2023highest value
2018 → 2024
Net result
€-364k
2023 · €87k
2018: €52k
2019: €136k▲ +160% vs 2018
2020: €178k▲ +30.8% vs 2019highest value
2022: €-25k
2023: €87k▲ +455% vs 2022
2024: €-364k▼ -517% vs 2023lowest value
2018 → 2024
Working capital
€-952k▼ 388%
2023 · €-195k
2018: €37k
2019: €164k▲ +338% vs 2018
2020: €446k▲ +172% vs 2019highest value
2022: €326k
2023: €-195k▼ -160% vs 2022
2024: €-952k▼ -388% vs 2023lowest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€143k-€305k▲ 113%€280k▼ 8.1%€367k▲ 31.2%€4k▼ 99.0%
2019: €143k
2020: €305k▲ +113% vs 2019
2022: €280k
2023: €367k▲ +31.2% vs 2022highest value
2024: €4k▼ -99.0% vs 2023lowest value
Operating result€140k-€184k▲ 31.5%€-32k€69k€-366k
2019: €140k
2020: €184k▲ +31.5% vs 2019highest value
2022: €-32k
2023: €69k▲ +316% vs 2022
2024: €-366k▼ -626% vs 2023lowest value
Net result€136k-€178k▲ 30.8%€-25k€87k€-364k
2019: €136k
2020: €178k▲ +30.8% vs 2019highest value
2022: €-25k
2023: €87k▲ +455% vs 2022
2024: €-364k▼ -517% vs 2023lowest value
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €366k after €69k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.42M
Fixed assets
€1.01M ▲ 25.0%
Current assets
€411k ▲ 40.3%
Equity and liabilities €1.42M
Equity
€4k ▼ 99.0%
Debt
€1.42M ▲ 93.0%
Debt's share of the balance-sheet total rises from 66.7% to 99.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€134k▼
2023 · €377k
Cash flow
€136k▼
2023 · €395k
Current ratio
0.30▼
2023 · 0.60
ROA
-25.6%▼
2023 · 7.9%
Interest coverage
3.93▼
2023 · 70.57
Debt ≤ 1 year
€1.36M▲
2023 · €488k
Income taxes
€-36k▼
2023 · €-23k
Staff costs
€968k▼
2023 · €1.06M
A ratio outside any meaningful range has been withheld (balance sheet total €1.42M, equity €4k).
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.10M€1.42M▲
Fixed assets21/28€810k€1.01M▲
Intangible fixed assets21€792k€1.00M▲
Tangible fixed assets22/27€13k€4k▼
Plant, machinery and equipment23€13k€4k▼
Financial fixed assets28€5k€5k=
Current assets29/58€293k€411k▲
Amounts receivable after more than one year29€85k€121k▲
Other amounts receivable291€85k€121k▲
Amounts receivable within one year40/41€165k€51k▼
Trade receivables40€53k€16k▼
Other amounts receivable41€112k€36k▼
Cash at bank and in hand54/58€39k€234k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.42M▲
Equity10/15€367k€4k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€345k€-18k▼
Amounts payable17/49€736k€1.42M▲
Amounts payable within one year42/48€488k€1.36M▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Advances received on contracts in progress46€284k€305k▲
Taxes, remuneration and social security45€137k€85k▼
Taxes450/3€14k€0▼
Remuneration and social security454/9€123k€85k▼
Other amounts payable47/48€51k€961k▲
Accrued charges and deferred income492/3€248k€57k▼
Income statement
Code20232024
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€1.06M€968k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€308k€500k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€1.44M€1.10M▼
Operating profit (loss)9901€69k€-366k▼
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€5k€34k▲
Recurring financial charges65€5k€34k▲
Profit (loss) for the period before taxes9903€64k€-400k▼
Income taxes67/77€-23k€-36k▼
Profit (loss) for the period9904€87k€-364k▼
Profit (loss) for the period to be appropriated9905€87k€-364k▼
Appropriation of the result
Profit (loss) to be appropriated9906€345k€-18k▼
Profit (loss) brought forward from the previous period14P€258k€345k▲
Social balance
Average headcount (FTE)908712.69.5▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9k | - |
| Remuneration, social security and pensions62 | - | - | €888k | €1.06M | €968k | ▼ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €95k | €239k | €308k | €500k | ▲ 62.5% |
| Other operating charges640/8 | - | - | €2k | €2k | €2k | ▼ 21.8% |
| Gross operating margin9900 | €387k | €652k | €1.10M | €1.44M | €1.10M | ▼ 23.1% |
| Operating profit (loss)9901 | €140k | €184k | €-32k | €69k | €-366k | ▼ 626% |
| Financial income75/76B | - | - | €2k | €9 | €0 | ▼ 97.4% |
| Recurring financial income75 | €77 | €296 | €2k | €9 | €0 | ▼ 97.4% |
| Financial charges65/66B | - | - | €6k | €5k | €34k | ▲ 539% |
| Recurring financial charges65 | €1k | €3k | €6k | €5k | €34k | ▲ 539% |
| Profit (loss) for the period before taxes9903 | €138k | €181k | €-37k | €64k | €-400k | ▼ 723% |
| Income taxes67/77 | €3k | €4k | €-12k | €-23k | €-36k | ▼ 56.0% |
| Profit (loss) for the period9904 | €136k | €178k | €-25k | €87k | €-364k | ▼ 517% |
| Profit (loss) for the period to be appropriated9905 | €136k | €178k | €-25k | €87k | €-364k | ▼ 517% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €356k | €849k | €1.32M | €1.10M | €1.42M | ▲ 29.0% |
| Fixed assets21/28 | €106k | €289k | €423k | €810k | €1.01M | ▲ 25.0% |
| Intangible fixed assets21 | €97k | €281k | €408k | €792k | €1.00M | ▲ 26.6% |
| Tangible fixed assets22/27 | €6k | €5k | €11k | €13k | €4k | ▼ 65.4% |
| Plant, machinery and equipment23 | - | - | €11k | €13k | €4k | ▼ 65.4% |
| Financial fixed assets28 | €3k | €3k | €5k | €5k | €5k | = |
| Current assets29/58 | €250k | €560k | €894k | €293k | €411k | ▲ 40.3% |
| Amounts receivable after more than one year29 | - | - | €215k | €85k | €121k | ▲ 42.3% |
| Other amounts receivable291 | - | - | €215k | €85k | €121k | ▲ 42.3% |
| Amounts receivable within one year40/41 | €172k | €556k | €378k | €165k | €51k | ▼ 68.8% |
| Trade receivables40 | - | - | €146k | €53k | €16k | ▼ 69.8% |
| Other amounts receivable41 | - | - | €232k | €112k | €36k | ▼ 68.3% |
| Cash at bank and in hand54/58 | €76k | €0 | €296k | €39k | €234k | ▲ 499% |
| Deferred charges and accrued income490/1 | - | - | €6k | €3k | €3k | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €356k | €849k | €1.32M | €1.10M | €1.42M | ▲ 29.0% |
| Equity10/15 | €143k | €305k | €280k | €367k | €4k | ▼ 99.0% |
| Contributions10/11 | €20k | - | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €121k | €283k | €258k | €345k | €-18k | ▼ 105% |
| Amounts payable17/49 | €213k | €545k | €1.04M | €736k | €1.42M | ▲ 93.0% |
| Amounts payable within one year42/48 | €87k | €115k | €568k | €488k | €1.36M | ▲ 179% |
| Financial debts43 | - | - | €34k | €0 | - | - |
| Credit institutions430/8 | - | - | €34k | €0 | - | - |
| Trade debts44 | €25k | €46k | €12k | €16k | €12k | ▼ 28.7% |
| Suppliers440/4 | - | - | €12k | €16k | €12k | ▼ 28.7% |
| Advances received on contracts in progress46 | - | - | €342k | €284k | €305k | ▲ 7.6% |
| Taxes, remuneration and social security45 | - | - | €181k | €137k | €85k | ▼ 37.9% |
| Taxes450/3 | - | - | €82k | €14k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | €99k | €123k | €85k | ▼ 31.0% |
| Other amounts payable47/48 | - | - | €0 | €51k | €961k | ▲ 1,790% |
| Accrued charges and deferred income492/3 | - | - | €469k | €248k | €57k | ▼ 77.0% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €136k | €178k | €-25k | €87k | €-364k | ▼ 517% |
| + Depreciation and write-downs630 | €53k | €95k | €239k | €308k | €500k | ▲ 62.5% |
| Operating cash flow (approximation) | €188k | €273k | €214k | €395k | €136k | ▼ 65.5% |
| Investment in fixed assets (approximation) | - | €-278k | - | €-694k | €-702k | ▼ 1.1% |
| Change in cash | - | €-76k | - | €-256k | €195k | ▲ 176% |
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
2024
26-08
State Gazette act
General meeting · Merger
Accounting effect · Peter VAN MELKEBEKE
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
05-07
State Gazette act
Merger · Accounting effect
Capital · Shareholder
31-03
Financial
Weakest financial yearnet €-364k
Net result drops to €-364k, the lowest in the series.
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Highest result since 2018net €178k ▲30.8%
Operating result €184k, net result €178k, both a record.
31-12
Financial
Equity above €200kEq €305k ▲113%
3 profitable years in a row build equity to €305k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Equity above €100kEq €143k ▲542%
2 profitable years in a row build equity to €143k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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About the unread acts
We know of 11 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
Acquisitions and mergers
1 transactionTaken over by:Silverfin