BOXTRADE

Inactive

KBO/BCE: BE 0808.090.865

Inactive; last annual accounts for financial year 2024.

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BOXTRADEInactive

Report

Financials · financial year 2024, full format

Turnover

€822,670▼ 66.6%

2023 · €2.5m

EBIT margin

13.4%▲ 1.6pp

2023 · 11.8%

Net result

€86,852▼ 61.0%

2023 · €222,524

Working capital

€595,083▲ 17.3%

2023 · €507,321

Trend over the years

Last 5 years All years

2020 to 2024, 5 financial years 2019 to 2024, 6 financial years

The operating result falls in 2024; 2024 is 62% below 2023 and is the lowest result in the available series.

Turnover and resultEquity and debtWorking capitalMargins and return

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€0.8m 2024 Operating result€0.1m 2024 Net result€0.09m 2024

Every figure with its change against the financial year before

favourable unfavourable

Line201920202021202220232024

Turnover€0.9m-€1.2m▲ 32.8%€2.1m▲ 85.1%€2.6m▲ 22.1%€2.5m▼ 5.9%€0.8m▼ 66.6%

Operating result€0.1m-€0.1m▲ 15.2%€0.2m▲ 101%€0.3m▲ 7.4%€0.3m▲ 9.9%€0.1m▼ 62.0%

Net result€0.08m-€0.1m▲ 16.7%€0.2m▲ 82.4%€0.2m▲ 17.9%€0.2m▲ 5.8%€0.09m▼ 61.0%

EBIT margin12.2%-10.6%▼ 1.6pp11.5%▲ 0.9pp10.1%▼ 1.4pp11.8%▲ 1.7pp13.4%▲ 1.6pp

Equity€0.3m-€0.4m▲ 14.3%€0.6m▲ 46.7%€0.3m▼ 44.6%€0.5m▲ 63.3%€0.6m▲ 17.1%

Total assets€0.4m-€0.7m▲ 51.8%€0.8m▲ 26.9%€0.9m▲ 4.3%€0.6m▼ 29.3%€0.7m▲ 10.6%

Debt€0.1m-€0.3m▲ 169%€0.3m▲ 0.5%€0.6m▲ 98.8%€0.1m▼ 79.2%€0.1m▼ 17.0%

Working capital€0.3m-€0.4m▲ 18.3%€0.6m▲ 44.5%€0.3m▼ 43.0%€0.5m▲ 58.2%€0.6m▲ 17.3%

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €693,006

85.7%

14.3%

Equity €593,720 ▲ 17.1%

Debt €99,286 ▼ 17.0%

Debt's share of the balance-sheet total falls from 19.1% to 14.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€110,806▼

2023 · €291,354

Cash flow

€87,275▼

2023 · €223,724

Current ratio

7.08▲

2023 · 5.27

Quick ratio

7.08▲

2023 · 5.27

Debt to equity

0.17▼

2023 · 0.24

ROE

14.6%▼

2023 · 43.9%

ROA

12.5%▼

2023 · 35.5%

Interest coverage

over 100▲

2023 · 34.35

Debt ≤ 1 year

€97,922▼

2023 · €118,813

Income taxes

€29,161▼

2023 · €65,508

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines

Balance sheet Code20232024

Assets

Total assets20/58€0.6m€0.7m▲

Fixed assets21/28€422€0▼

Intangible fixed assets21€422€0▼

Current assets29/58€0.6m€0.7m▲

Stocks and contracts in progress3€0€137▲

Stocks30/36-€137

Advance payments36-€137

Amounts receivable within one year40/41€0.2m€0.3m▲

Trade receivables40€0.1m€0.02m▼

Other amounts receivable41€0.05m€0.3m▲

Cash at bank and in hand54/58€0.5m€0.4m▼

Deferred charges and accrued income490/1-€0.02m

Equity and liabilities

Total equity and liabilities10/49€0.6m€0.7m▲

Equity10/15€0.5m€0.6m▲

Contributions10/11€0.06m€0.06m=

Capital10€0.06m€0.06m=

Issued capital100€0.06m€0.06m=

Reserves13€0.4m€0.5m▲

Non-distributable reserves130/1€0.006m€0.006m=

Legal reserve130€0.006m€0.006m=

Distributable reserves133€0.4m€0.5m▲

Amounts payable17/49€0.1m€0.1m▼

Amounts payable within one year42/48€0.1m€0.1m▼

Trade debts44€0.09m€0.08m▼

Suppliers440/4€0.09m€0.08m▼

Advances received on contracts in progress46€0€0.008m▲

Taxes, remuneration and social security45€0.001m€0.01m▲

Taxes450/3€0.001m€0.01m▲

Other amounts payable47/48€0.03m€0▼

Accrued charges and deferred income492/3€0.001m€0.001m▲

Income statement Code20232024

Operating income70/76A€2.8m€0.9m▼

Turnover70€2.5m€0.8m▼

Other operating income74€0.4m€0.1m▼

Operating charges60/66A€2.6m€0.8m▼

Goods for resale, raw materials and consumables60€2.2m€0.7m▼

Purchases600/8€2.2m€0.7m▼

Services and other goods61€0.3m€0.1m▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.001m€422▼

Other operating charges640/8€0.02m€0.006m▼

Operating profit (loss)9901€0.3m€0.1m▼

Financial income75/76B€0.006m€0.007m▲

Recurring financial income75€0.006m€0.007m▲

Income from current assets751-€0.003m

Other financial income752/9€0.006m€0.004m▼

Financial charges65/66B€0.008m€0.001m▼

Recurring financial charges65€0.008m€0.001m▼

Other financial charges652/9€0.008m€0.001m▼

Profit (loss) for the period before taxes9903€0.3m€0.1m▼

Income taxes67/77€0.07m€0.03m▼

Taxes670/3€0.07m€0.03m▼

Profit (loss) for the period9904€0.2m€0.09m▼

Profit (loss) for the period to be appropriated9905€0.2m€0.09m▼

Appropriation of the result

Profit (loss) to be appropriated9906€0.2m€0.09m▼

Transfer from equity791/2€0-

From reserves792€0-

Transfer to equity691/2€0.2m€0.09m▼

To other reserves6921€0.2m€0.09m▼

Profit to be distributed694/7€0.03m€0▼

Return on contributions (dividend)694€0-

Directors or managers695€0.03m€0▼

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2019	2020	2021	2022	2023	2024	Change
Operating income70/76A	-	-	-	€2.8m	€2.8m	€0.9m	▼ 67.0%
Turnover70	€0.9m	€1.2m	€2.1m	€2.6m	€2.5m	€0.8m	▼ 66.6%
Other operating income74	-	-	-	€0.2m	€0.4m	€0.1m	▼ 69.8%
Operating charges60/66A	-	-	-	€2.5m	€2.6m	€0.8m	▼ 67.6%
Goods for resale, raw materials and consumables60	-	-	-	€2.2m	€2.2m	€0.7m	▼ 68.1%
Purchases600/8	-	-	-	€2.2m	€2.2m	€0.7m	▼ 68.1%
Services and other goods61	-	-	-	€0.4m	€0.3m	€0.1m	▼ 64.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.001m	€0.001m	€0.001m	€0.001m	€0.001m	€422	▼ 64.8%
Other operating charges640/8	-	-	-	€0.02m	€0.02m	€0.006m	▼ 64.8%
Operating profit (loss)9901	€0.1m	€0.1m	€0.2m	€0.3m	€0.3m	€0.1m	▼ 62.0%
Financial income75/76B	-	-	-	€0.02m	€0.006m	€0.007m	▲ 2.5%
Recurring financial income75	€0.004m	€0.001m	€0.001m	€0.02m	€0.006m	€0.007m	▲ 2.5%
Income from current assets751	-	-	-	-	-	€0.003m	-
Other financial income752/9	-	-	-	€0.02m	€0.006m	€0.004m	▼ 37.0%
Financial charges65/66B	-	-	-	€0.002m	€0.008m	€0.001m	▼ 89.5%
Recurring financial charges65	€0.003m	€0.005m	€0.009m	€0.002m	€0.008m	€0.001m	▼ 89.5%
Other financial charges652/9	-	-	-	€0.002m	€0.008m	€0.001m	▼ 89.5%
Profit (loss) for the period before taxes9903	€0.1m	€0.1m	€0.2m	€0.3m	€0.3m	€0.1m	▼ 59.7%
Income taxes67/77	€0.02m	€0.02m	€0.06m	€0.07m	€0.07m	€0.03m	▼ 55.5%
Taxes670/3	-	-	-	€0.07m	€0.07m	€0.03m	▼ 55.5%
Tax adjustments and reversals of tax provisions77	-	-	-	€0	-	-	-
Profit (loss) for the period9904	€0.08m	€0.1m	€0.2m	€0.2m	€0.2m	€0.09m	▼ 61.0%
Profit (loss) for the period to be appropriated9905	€0.08m	€0.1m	€0.2m	€0.2m	€0.2m	€0.09m	▼ 61.0%

Line	2019	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€441,070	€669,675	€849,614	€886,003	€626,557	€693,006	▲ 10.6%
Fixed assets21/28	€5,222	€4,022	€2,822	€1,622	€422	€0	▼ 100%
Intangible fixed assets21	€5,222	€4,022	€2,822	€1,622	€422	€0	▼ 100%
Current assets29/58	€435,848	€665,652	€846,791	€884,381	€626,134	€693,006	▲ 10.7%
Stocks and contracts in progress3	-	€29,272	-	€0	€0	€137	-
Stocks30/36	-	-	-	-	-	€137	-
Advance payments36	-	-	-	-	-	€137	-
Amounts receivable within one year40/41	€24,514	€74,392	€261,749	€345,478	€166,132	€299,737	▲ 80.4%
Trade receivables40	-	-	-	€233,556	€113,682	€23,469	▼ 79.4%
Other amounts receivable41	-	-	-	€111,922	€52,450	€276,268	▲ 427%
Cash at bank and in hand54/58	€410,466	€561,989	€585,043	€538,902	€460,003	€373,513	▼ 18.8%
Deferred charges and accrued income490/1	-	-	-	-	-	€19,619	-
Equity and liabilities
Total equity and liabilities10/49	€441,070	€669,675	€849,614	€886,003	€626,557	€693,006	▲ 10.6%
Equity10/15	€333,933	€381,742	€560,100	€310,343	€506,867	€593,720	▲ 17.1%
Contributions10/11	€61,500	€61,500	€61,500	€61,500	€61,500	€61,500	=
Capital10	-	-	-	€61,500	€61,500	€61,500	=
Issued capital100	-	-	-	€61,500	€61,500	€61,500	=
Reserves13	€272,433	€320,242	€498,600	€248,843	€445,367	€532,220	▲ 19.5%
Non-distributable reserves130/1	-	-	-	€6,150	€6,150	€6,150	=
Legal reserve130	-	-	-	€6,150	€6,150	€6,150	=
Distributable reserves133	-	-	-	€242,693	€439,217	€526,070	▲ 19.8%
Amounts payable17/49	€107,137	€287,933	€289,514	€575,660	€119,690	€99,286	▼ 17.0%
Amounts payable within one year42/48	€107,137	€276,705	€284,611	€563,770	€118,813	€97,922	▼ 17.6%
Trade debts44	€73,637	€205,705	€284,611	€81,269	€92,305	€79,981	▼ 13.4%
Suppliers440/4	-	-	-	€81,269	€92,305	€79,981	▼ 13.4%
Advances received on contracts in progress46	-	-	-	€21,754	€0	€8,272	-
Taxes, remuneration and social security45	-	-	-	€748	€508	€9,669	▲ 1,803%
Taxes450/3	-	-	-	€748	€508	€9,669	▲ 1,803%
Other amounts payable47/48	-	-	-	€460,000	€26,000	€0	▼ 100%
Accrued charges and deferred income492/3	-	-	-	€11,890	€876	€1,364	▲ 55.6%

Line	2019	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€83,826	€97,809	€178,358	€210,243	€222,524	€86,852	▼ 61.0%
+ Depreciation and write-downs630	€778	€1,200	€1,200	€1,200	€1,200	€422	▼ 64.8%
Operating cash flow (approximation)	€84,603	€99,009	€179,558	€211,443	€223,724	€87,275	▼ 61.0%
Investment in fixed assets (approximation)	-	€0	€0	€0	€0	€0	-
Change in cash	-	€151,523	€23,054	-€46,140	-€78,900	-€86,490	▼ 9.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank

Financial year	Type	Filed	Reference
27-06-2024	full format	26-11-2024	2024-00606922
30-06-2023	full format	21-12-2023	2023-00536296
30-06-2022	full format	30-01-2023	2023-00018596
30-06-2021	full format	27-01-2022	2022-02500021
30-06-2020	full format	05-01-2021	2021-00300063
30-06-2019	full format	20-12-2019	2019-77000383
30-06-2018	full format	20-12-2018	2018-75400462
30-06-2017	full format	21-12-2017	2017-73000241
30-06-2016	full format	22-12-2016	2016-71400570
30-06-2015	full format	17-12-2015	2015-69500183

Show all 15 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.