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InactiveFinancials · financial year 2024, micro format
2024 annual accounts filed late (29 days) Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00466166.
Equity
-€181,748▼ 14.0%
2023 · -€159,494
Total assets
€16,728▼ 54.7%
2023 · €36,907
Net result
-€22,253▲ 50.2%
2023 · -€44,674
Working capital
-€132,053▼ 19.2%
2023 · -€110,820
Trend over the years
2021 to 2024, 4 financial years
The operating result stays negative: a loss of €22,184 in 2024 against €37,022 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€22,184
2024
Net result-€22,253
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16,728
2024
Equity-€181,748
2024
Debt€198,476
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€132,053
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result-€48,384--€55,623▼ 15.0%-€37,022▲ 33.4%-€22,184▲ 40.1%
Net result-€52,362--€63,458▼ 21.2%-€44,674▲ 29.6%-€22,253▲ 50.2%
Equity-€51,362--€114,820▼ 124%-€159,494▼ 38.9%-€181,748▼ 14.0%
Total assets€79,788-€86,964▲ 9.0%€36,907▼ 57.6%€16,728▼ 54.7%
Debt€131,150-€201,784▲ 53.9%€196,401▼ 2.7%€198,476▲ 1.1%
Working capital-€52,182--€82,460▼ 58.0%-€110,820▼ 34.4%-€132,053▼ 19.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16,728
Fixed assets
€306 ▼ 96.4%
Current assets
€16,422 ▼ 41.3%
Equity and liabilities
Equity-€181,748
Debt€198,476
Equity is negative: debt (€198,476) exceeds the balance-sheet total (€16,728).
Key figures and ratios
EBITDA
-€13,574▼
2023 · -€4,537
Cash flow
-€13,644▼
2023 · -€12,189
Current ratio
0.11▼
2023 · 0.20
ROA
-133.0%▼
2023 · -121.0%
Interest coverage
-145.15▼
2023 · -0.59
Debt ≤ 1 year
€148,476▲
2023 · €138,811
Debt > 1 year
€50,000=
2023 · €50,000
A ratio outside any meaningful range has been withheld (balance sheet total €16,728, equity -€181,748).
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,502 | €32,988 | €32,485 | €8,610 | ▼ 73.5% |
| Other operating charges640/8 | €695 | €348 | €384 | €407 | ▲ 6.0% |
| Gross operating margin9900 | -€22,188 | -€22,287 | -€4,153 | -€13,167 | ▼ 217% |
| Operating profit (loss)9901 | -€48,384 | -€55,623 | -€37,022 | -€22,184 | ▲ 40.1% |
| Financial income75/76B | €11 | - | - | €24 | - |
| Recurring financial income75 | €11 | - | - | €24 | - |
| Financial charges65/66B | €3,989 | €7,835 | €7,652 | €94 | ▼ 98.8% |
| Recurring financial charges65 | €3,989 | €7,835 | €7,652 | €94 | ▼ 98.8% |
| Profit (loss) for the period before taxes9903 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| Profit (loss) for the period9904 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| Profit (loss) for the period to be appropriated9905 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €79,788 | €86,964 | €36,907 | €16,728 | ▼ 54.7% |
| Formation expenses20 | €16,363 | €8,031 | €311 | - | - |
| Fixed assets21/28 | €52,461 | €33,370 | €8,604 | €306 | ▼ 96.4% |
| Intangible fixed assets21 | €51,616 | €32,864 | €8,437 | €306 | ▼ 96.4% |
| Tangible fixed assets22/27 | €844 | €506 | €167 | - | - |
| Furniture and vehicles24 | €844 | €506 | €167 | - | - |
| Current assets29/58 | €10,964 | €45,563 | €27,991 | €16,422 | ▼ 41.3% |
| Amounts receivable within one year40/41 | €3,352 | €12,805 | €13,175 | €16,161 | ▲ 22.7% |
| Trade receivables40 | - | - | - | €3,357 | - |
| Other amounts receivable41 | €3,352 | €12,805 | €13,175 | €12,805 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €4,279 | €32,759 | €14,745 | €261 | ▼ 98.2% |
| Deferred charges and accrued income490/1 | €3,333 | - | €72 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €79,788 | €86,964 | €36,907 | €16,728 | ▼ 54.7% |
| Equity10/15 | -€51,362 | -€114,820 | -€159,494 | -€181,748 | ▼ 14.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€52,362 | -€115,820 | -€160,494 | -€182,748 | ▼ 13.9% |
| Amounts payable17/49 | €131,150 | €201,784 | €196,401 | €198,476 | ▲ 1.1% |
| Amounts payable after more than one year17 | €66,667 | €66,667 | €50,000 | €50,000 | = |
| Financial debts170/4 | €66,667 | €66,667 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €63,146 | €128,024 | €138,811 | €148,476 | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €33,333 | €84,670 | €108,431 | €116,021 | ▲ 7.0% |
| Trade debts44 | €5,290 | €13,048 | €2,801 | €5,372 | ▲ 91.8% |
| Suppliers440/4 | €5,290 | €13,048 | €2,801 | €5,372 | ▲ 91.8% |
| Taxes, remuneration and social security45 | - | €348 | €384 | - | - |
| Taxes450/3 | - | €348 | €384 | - | - |
| Other amounts payable47/48 | €24,523 | €29,958 | €27,195 | €27,083 | ▼ 0.4% |
| Accrued charges and deferred income492/3 | €1,337 | €7,094 | €7,590 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| + Depreciation and write-downs630 | €25,502 | €32,988 | €32,485 | €8,610 | ▼ 73.5% |
| Operating cash flow (approximation) | -€26,860 | -€30,470 | -€12,189 | -€13,644 | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | -€13,897 | -€7,719 | -€311 | ▲ 96.0% |
| Change in cash | - | €28,479 | -€18,014 | -€14,484 | ▲ 19.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00466166 |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00101621 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00296413 |
| 31-12-2021 | micro format | 22-04-2022 | 2022-20006513 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.