C-17
InactiveInactive since 16-09-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed; books and records kept by Adrien Coyette (5 years).
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 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
1 d late
2023
44 d early
2022
47 d early
2021
12 d early
2020
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 20 days before 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)
History
Financials · fiscal year 2025, micro schema
Equity
€739,150▲ 29.3%
2024 · €571,710
Total assets
€786,287▲ 32.0%
2024 · €595,507
Net result
€167,440▲ 70.0%
2024 · €98,468
Working capital
€714,775▲ 29.4%
2024 · €552,339
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
Line20212022202320242025
Operating result€66,148▲ 838%€104,009▲ 57.2%€221,427▲ 113%€146,714▼ 33.7%€242,429▲ 65.2%
Net result€46,525▲ 867%€72,110▲ 55.0%€152,944▲ 112%€98,468▼ 35.6%€167,440▲ 70.0%
Equity€248,188▲ 23.1%€320,298▲ 29.1%€473,242▲ 47.8%€571,710▲ 20.8%€739,150▲ 29.3%
Total assets€283,989▲ 25.3%€339,245▲ 19.5%€513,460▲ 51.4%€595,507▲ 16.0%€786,287▲ 32.0%
Debt€35,801▲ 43.4%€18,947▼ 47.1%€40,218▲ 112%€23,796▼ 40.8%€47,137▲ 98.1%
Working capital€245,908▲ 23.3%€316,478▲ 28.7%€451,617▲ 42.7%€552,339▲ 22.3%€714,775▲ 29.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786,287
Fixed assets
€24,375 ▲ 25.8%
Current assets
€761,912 ▲ 32.2%
Equity and liabilities €786,287
Equity
€739,150 ▲ 29.3%
Debt
€47,137 ▲ 98.1%
Debt's share of the balance-sheet total rises from 4.0% to 6.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€247,059▲
2024 · €150,393
Cash flow
€172,070▲
2024 · €102,146
Current ratio
16.16▼
2024 · 24.21
Debt to equity
0.06▲
2024 · 0.04
ROE
22.7%▲
2024 · 17.2%
ROA
21.3%▲
2024 · 16.5%
Interest coverage
68.78▼
2024 · 71.75
Debt ≤ 1 year
€47,137▲
2024 · €23,796
Income taxes
€74,605▲
2024 · €49,031
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,390 | €1,731 | €1,707 | €3,678 | €4,630 | ▲ 25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€3,814 | - |
| Other operating charges640/8 | €67,529 | €68,373 | €35,297 | €1,447 | €2,131 | ▲ 47.3% |
| Non-recurring operating charges66A | - | €355 | - | - | - | - |
| Gross operating margin9900 | €135,068 | €174,468 | €258,431 | €151,839 | €245,376 | ▲ 61.6% |
| Operating profit (loss)9901 | €66,148 | €104,009 | €221,427 | €146,714 | €242,429 | ▲ 65.2% |
| Financial income75/76B | €50 | €39 | €421 | €2,881 | €3,208 | ▲ 11.3% |
| Recurring financial income75 | €50 | €39 | €421 | €2,881 | €3,208 | ▲ 11.3% |
| Financial charges65/66B | €1,425 | €3,190 | €1,975 | €2,096 | €3,592 | ▲ 71.4% |
| Recurring financial charges65 | €1,425 | €3,190 | €1,975 | €2,096 | €3,592 | ▲ 71.4% |
| Profit (loss) for the period before taxes9903 | €64,773 | €100,859 | €219,872 | €147,499 | €242,045 | ▲ 64.1% |
| Income taxes67/77 | €18,249 | €28,749 | €66,928 | €49,031 | €74,605 | ▲ 52.2% |
| Profit (loss) for the period9904 | €46,525 | €72,110 | €152,944 | €98,468 | €167,440 | ▲ 70.0% |
| Profit (loss) for the period to be appropriated9905 | €46,525 | €72,110 | €152,944 | €98,468 | €167,440 | ▲ 70.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283,989 | €339,245 | €513,460 | €595,507 | €786,287 | ▲ 32.0% |
| Fixed assets21/28 | €2,280 | €3,820 | €21,625 | €19,371 | €24,375 | ▲ 25.8% |
| Tangible fixed assets22/27 | €2,280 | €3,820 | €21,625 | €19,371 | €24,375 | ▲ 25.8% |
| Plant, machinery and equipment23 | - | - | - | €1,306 | €831 | ▼ 36.3% |
| Furniture and vehicles24 | €2,280 | €3,820 | €6,203 | €4,210 | €3,075 | ▼ 27.0% |
| Other tangible fixed assets26 | - | - | €15,423 | €13,855 | €20,469 | ▲ 47.7% |
| Current assets29/58 | €281,709 | €335,425 | €491,835 | €576,136 | €761,912 | ▲ 32.2% |
| Amounts receivable within one year40/41 | €69,909 | €72,241 | €122,490 | €221,603 | €170,240 | ▼ 23.2% |
| Trade receivables40 | €69,909 | €66,721 | €111,149 | €110,787 | €118,604 | ▲ 7.1% |
| Other amounts receivable41 | - | €5,520 | €11,342 | €110,817 | €51,636 | ▼ 53.4% |
| Cash at bank and in hand54/58 | €202,825 | €256,148 | €363,985 | €349,004 | €588,969 | ▲ 68.8% |
| Deferred charges and accrued income490/1 | €8,975 | €7,036 | €5,360 | €5,528 | €2,703 | ▼ 51.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283,989 | €339,245 | €513,460 | €595,507 | €786,287 | ▲ 32.0% |
| Equity10/15 | €248,188 | €320,298 | €473,242 | €571,710 | €739,150 | ▲ 29.3% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €247,188 | €319,298 | €472,242 | €570,710 | €738,150 | ▲ 29.3% |
| Distributable reserves133 | €247,188 | €319,298 | €472,242 | €570,710 | €738,150 | ▲ 29.3% |
| Amounts payable17/49 | €35,801 | €18,947 | €40,218 | €23,796 | €47,137 | ▲ 98.1% |
| Amounts payable within one year42/48 | €35,801 | €18,947 | €40,218 | €23,796 | €47,137 | ▲ 98.1% |
| Trade debts44 | €6,359 | €5,911 | €8,520 | €5,497 | €3,622 | ▼ 34.1% |
| Suppliers440/4 | €6,359 | €5,911 | €8,520 | €5,497 | €3,622 | ▼ 34.1% |
| Taxes, remuneration and social security45 | €24,103 | €13,036 | €31,698 | €18,299 | €43,515 | ▲ 138% |
| Taxes450/3 | €21,833 | €13,028 | €29,017 | €15,557 | €43,515 | ▲ 180% |
| Remuneration and social security454/9 | €2,270 | €8 | €2,682 | €2,743 | - | - |
| Other amounts payable47/48 | €5,339 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,525 | €72,110 | €152,944 | €98,468 | €167,440 | ▲ 70.0% |
| + Depreciation and write-downs630 | €1,390 | €1,731 | €1,707 | €3,678 | €4,630 | ▲ 25.9% |
| Operating cash flow (approximation) | €47,915 | €73,841 | €154,651 | €102,146 | €172,070 | ▲ 68.5% |
| Investment in fixed assets (approximation) | - | -€3,271 | -€19,512 | -€1,424 | -€9,634 | ▼ 577% |
| Change in cash | - | €53,323 | €107,837 | -€14,980 | €239,965 | ▲ 1,702% |
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
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
End & cessationIncorporation · Dissolution · Net-asset statement14 facts ▸
State Gazette act
End & cessation
Incorporation · Dissolution · Net-asset statement14 facts ▸
- General meeting, Assemblée Générale Extraordinaire, unanimity
- Incorporation, 02-10-2011
- Dissolution, anticipative, voluntary
- Other statement, dispensation of reading
- Other statement, 04-09-2026
- Net-asset statement, 02-09-2026
- Auditor report, 10-09-2026
- Declaration, knowledge of reports, actionnaires reconnaissent avoir parfaite connaissance desdits rapports et état
- Declaration, notary certification, vérifié et atteste l'existence et la légalité externes des actes et formalités
- Declaration, no new liabilities, aucun nouveau passif n'est apparu depuis l'établissement de l'état
- Liquidation closure, reprise de la totalité de l'actif restant par les actionnaires à concurrence de leurs participations, 5 ans
- Other statement, no liquidator appointment, liquidation déjà terminée
- +2 further facts in this act
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €167,440 ▲70%
Operating result €242,429, net result €167,440, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Equity above €500,000Eq €571,710 ▲20.8%
5 profitable years in a row build equity to €571,710.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 17.70
Current ratio from 7.87 to 17.70; short-term debt falls from €35,801 to €18,947.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Articles of association
Custody of records
Greffe du Tribunal de l'entreprise
Publication de l'extrait de cette assemblée aux annexes du Moniteur Belge, 5
Other statement
One provision in the deed