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Open bankruptcyFinancials · financial year 2024, full format
Annual accounts 2024 filed on 11-07-2025 PDF all 48 filings
Turnover
€5.0m▼ 12.4%
2023 · €5.7m
EBIT margin
-18.6%▼ 19.4pp
2023 · 0.8%
Net result
-€950,516
2023 · €24,455
Working capital
-€3.2m▼ 45.8%
2023 · -€2.2m
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
€5.0m
▼ 12.4%
2024
20182024
Operating result
-€933,967
2024
20182024
Net result
-€950,516
2024
lowest quarter of the sector
20182024
EBIT margin
-18.6%
▼ 19.4pp
2024
20182024
Equity
-€3.0m
▼ 46.3%
2024
lowest quarter of the sector
20182024
Total assets
€1.3m
▼ 3.5%
2024
lowest quarter of the sector
20182024
Debt
€4.3m
▲ 26.2%
2024
20182024
Working capital
-€3.2m
▼ 45.8%
2024
lowest quarter of the sector
20182024
Solvency
-224.1%
▼ 76.3pp
2024
lowest quarter of the sector
20182024
Current ratio
0.25
▼ 0.08
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
-70.9%
▼ 72.7pp
2024
lowest quarter of the sector
20182024
Staff (FTE)
12
▼ 6.3%
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€9.7m-€7.5m▼ 22.7%€7.8m▲ 3.6%€10.3m▲ 32.1%€7.5m▼ 27.2%€5.7m▼ 23.3%€5.0m▼ 12.4%
Operating result-€1.5m--€1.6m▼ 4.8%-€2.0m▼ 23.4%€0.2m€0.05m▼ 71.0%€0.05m▼ 3.0%-€0.9m
Net result€0.05m--€1.7m-€2.1mbelow the sector's middle half▼ 25.5%€0.03mwithin the sector's middle half€0.03mwithin the sector's middle half▲ 3.5%€0.02mwithin the sector's middle half▼ 25.6%-€1.0mbelow the sector's middle half
EBIT margin-15.9%--21.5%▼ 5.7pp-25.7%▼ 4.1pp1.6%▲ 27.3pp0.7%▼ 1.0pp0.8%▲ 0.2pp-18.6%▼ 19.4pp
Equity€1.6m--€0.05m-€2.1mbelow the sector's middle half▼ 4,476%-€2.1mbelow the sector's middle half▲ 1.5%-€2.1mbelow the sector's middle half▲ 1.6%-€2.1mbelow the sector's middle half▲ 1.2%-€3.0mbelow the sector's middle half▼ 46.3%
Total assets€7.7m-€7.9m▲ 1.6%€7.8mwithin the sector's middle half▼ 0.4%€4.1mwithin the sector's middle half▼ 47.3%€1.7mwithin the sector's middle half▼ 57.9%€1.4mbelow the sector's middle half▼ 20.1%€1.3mbelow the sector's middle half▼ 3.5%
Debt€6.1m-€7.9m▲ 29.3%€10.0m▲ 26.1%€6.2m▼ 37.5%€3.8m▼ 38.8%€3.4m▼ 9.8%€4.3m▲ 26.2%
Working capital-€3.7m--€5.3m▼ 44.1%-€7.1mbelow the sector's middle half▼ 35.0%-€2.3mbelow the sector's middle half▲ 67.3%-€2.5mbelow the sector's middle half▼ 5.8%-€2.2mbelow the sector's middle half▲ 9.6%-€3.2mbelow the sector's middle half▼ 45.8%
Solvency21.0%--0.6%▼ 21.6pp-27.4%below the sector's middle half▼ 26.8pp-51.1%below the sector's middle half▼ 23.8pp-119.6%below the sector's middle half▼ 68.4pp-147.8%below the sector's middle half▼ 28.3pp-224.1%below the sector's middle half▼ 76.3pp
Current ratio0.37-0.31▼ 0.060.24below the sector's middle half▼ 0.070.61below the sector's middle half▲ 0.370.35below the sector's middle half▼ 0.260.33below the sector's middle half▼ 0.020.25below the sector's middle half▼ 0.08
Return on assets (ROA)0.7%--21.2%▼ 21.9pp-26.8%below the sector's middle half▼ 5.5pp0.8%within the sector's middle half▲ 27.5pp1.9%within the sector's middle half▲ 1.1pp1.8%within the sector's middle half▼ 0.1pp-70.9%below the sector's middle half▼ 72.7pp
Staff (FTE)23.2-21.8▼ 6.0%19within the sector's middle half▼ 12.8%14.5within the sector's middle half▼ 23.7%11.6within the sector's middle half▼ 20.0%12.8within the sector's middle half▲ 10.3%12within the sector's middle half▼ 6.3%
above
within
below
The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €933,967, after a profit of €47,459 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€250,268 ▼ 9.8%
Current assets
€1.1m ▼ 2.0%
Equity and liabilities
Equity-€3.0m
Debt€4.3m
Equity is negative. Debt (€4.3m) exceeds the balance-sheet total (€1.3m).
Key figures and ratios
EBITDA
-€908,745▼
2023 · €161,378
Cash flow
-€925,294▼
2023 · €138,373
Interest coverage
-2266.54▼
2023 · 16.31
Debt ≤ 1 year
€4.3m▲
2023 · €3.3m
Income taxes
€347▲
2023 · €325
Customer credit
60 days▲
2023 · 54 days
Supplier credit
280 days▲
2023 · 189 days
Staff costs
€769,060▼
2023 · €802,862
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 13 | 13 | 12 |
| full-time | 9 | 10 | 10 | 10 |
| part-time | 4 | 3 | 3 | 2 |
| in full-time equivalents | 11.9 | 12.1 | 12.1 | 11.3 |
| Average over the year, in full-time equivalents | 14.5 | 11.6 | 12.8 | 12 |
| On a permanent contract | 13 | 13 | 13 | 12 |
| Joined | 1 | 1 | 1 | 1 |
| Left | 6 | 1 | 1 | 2 |
| Agency workers, average number | 12.6 | 13 | 13.5 | 13.5 |
| Training hours | - | 7 | 0 | 0 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €935,916 | €289,520 | €255,154 | €183,174 |
| Mortgages, amount registered | €1.0m | €1.0m | €1.0m | - |
| Carrying value of the mortgaged assets | €170,045 | €84,905 | €0 | €0 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €39,313 | - | - | - |
| Financial fixed assets | €3,800 | - | - | - |
| Depreciation and write-downs of the year | €120,299 | €116,671 | €113,918 | €25,222 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €15,000 | €15,000 | €15,000 | €15,000 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.7m | €8.0m | €6.7m | €5.9m | ▼ 11.3% |
| Turnover70 | €9.7m | €7.5m | €7.8m | €10.3m | €7.5m | €5.7m | €5.0m | ▼ 12.4% |
| Other operating income74 | - | - | - | €0.5m | €0.5m | €0.9m | €0.9m | ▼ 4.2% |
| Non-recurring operating income76A | - | - | - | - | €113 | €0 | - | - |
| Operating charges60/66A | - | - | - | €10.6m | €8.0m | €6.6m | €6.9m | ▲ 3.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.8m | €3.1m | €1.7m | €1.7m | ▼ 2.7% |
| Purchases600/8 | - | - | - | €5.8m | €3.1m | €1.7m | €1.7m | ▼ 2.7% |
| Services and other goods61 | - | - | - | €3.6m | €3.9m | €3.8m | €4.2m | ▲ 11.2% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.7m | €0.8m | €0.8m | ▼ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.03m | ▼ 77.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.01m | €0.004m | -€0.001m | - | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 12.6% |
| Operating profit (loss)9901 | -€1.5m | -€1.6m | -€2.0m | €0.2m | €0.05m | €0.05m | -€0.9m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.06m | €0.002m | €0.005m | ▲ 121% |
| Recurring financial income75 | €0.04m | €0.02m | €0.02m | €0.01m | €0.06m | €0.002m | €0.005m | ▲ 121% |
| Other financial income752/9 | - | - | - | €0.01m | €0.06m | €0.002m | €0.005m | ▲ 121% |
| Non-recurring financial income76B | - | - | - | €0.001m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.07m | €0.02m | €0.02m | ▼ 15.8% |
| Recurring financial charges65 | €0.1m | €0.07m | €0.1m | €0.04m | €0.07m | €0.02m | €0.02m | ▼ 15.8% |
| Debt charges650 | €0.04m | €0.04m | €0.07m | €0.02m | €0.009m | €0.01m | €401 | ▼ 95.9% |
| Other financial charges652/9 | - | - | - | €0.03m | €0.06m | €0.01m | €0.02m | ▲ 37.5% |
| Non-recurring financial charges66B | - | - | - | €0.1m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1.6m | -€1.7m | -€2.1m | €0.03m | €0.03m | €0.02m | -€1.0m | - |
| Income taxes67/77 | €0.3m | €0.001m | €0.001m | - | €0.001m | €325 | €347 | ▲ 6.7% |
| Taxes670/3 | - | - | - | - | €0.001m | €325 | €347 | ▲ 6.7% |
| Profit (loss) for the period9904 | €0.05m | -€1.7m | -€2.1m | €0.03m | €0.03m | €0.02m | -€1.0m | - |
| Profit (loss) for the period to be appropriated9905 | €3.9m | -€1.7m | -€2.1m | €0.03m | €0.03m | €0.02m | -€1.0m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7.7m | €7.9m | €7.8m | €4.1m | €1.7m | €1.4m | €1.3m | ▼ 3.5% |
| Fixed assets21/28 | €5.6m | €5.5m | €5.6m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 9.8% |
| Tangible fixed assets22/27 | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | €0.1m | €0.08m | ▼ 25.1% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.07m | €0.05m | ▼ 28.6% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.003m | €0.001m | €0.001m | ▼ 44.3% |
| Leasing and similar rights25 | - | - | - | €0.2m | €0.08m | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 14.1% |
| Financial fixed assets28 | €5.0m | €5.0m | €5.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.2% |
| Affiliated companies280/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Participating interests280 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other financial fixed assets284/8 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 5.7% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 5.7% |
| Current assets29/58 | €2.1m | €2.4m | €2.2m | €3.6m | €1.3m | €1.1m | €1.1m | ▼ 2.0% |
| Amounts receivable within one year40/41 | €1.8m | €2.1m | €2.0m | €3.4m | €1.1m | €0.9m | €0.8m | ▼ 2.6% |
| Trade receivables40 | - | - | - | €3.4m | €1.1m | €0.9m | €0.8m | ▼ 3.1% |
| Other amounts receivable41 | - | - | - | €0.003m | €456 | €456 | €0.005m | ▲ 901% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.03m | €0.02m | €0.03m | €0.001m | €0.05m | ▲ 36× |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 17.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7.7m | €7.9m | €7.8m | €4.1m | €1.7m | €1.4m | €1.3m | ▼ 3.5% |
| Equity10/15 | €1.6m | -€0.05m | -€2.1m | -€2.1m | -€2.1m | -€2.1m | -€3.0m | ▼ 46.3% |
| Contributions10/11 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Capital10 | - | - | - | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Issued capital100 | - | - | - | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other1319 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€4.5m | -€6.2m | -€8.3m | -€8.3m | -€8.2m | -€8.2m | -€9.1m | ▼ 11.6% |
| Amounts payable17/49 | €6.1m | €7.9m | €10.0m | €6.2m | €3.8m | €3.4m | €4.3m | ▲ 26.2% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.07m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.07m | - | - | - | - |
| Leasing and similar obligations172 | - | - | - | €0.07m | - | - | - | - |
| Amounts payable within one year42/48 | €5.8m | €7.6m | €9.4m | €5.9m | €3.8m | €3.3m | €4.3m | ▲ 29.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.007m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0.8m | €0.2m | €0.2m | €0.2m | ▼ 26.3% |
| Credit institutions430/8 | - | - | - | €0.8m | €0.2m | €0.2m | €0.2m | ▼ 26.3% |
| Trade debts44 | €4.3m | €6.2m | €1.5m | €1.8m | €1.3m | €0.9m | €1.3m | ▲ 44.2% |
| Suppliers440/4 | - | - | - | €1.8m | €1.3m | €0.9m | €1.3m | ▲ 44.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.2m | €0.3m | €0.4m | ▲ 7.7% |
| Taxes450/3 | - | - | - | €0.4m | €0.07m | €0.2m | €0.2m | ▲ 15.1% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 0.1% |
| Other amounts payable47/48 | - | - | - | €2.7m | €2.0m | €1.8m | €2.5m | ▲ 35.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.01m | €0.1m | €0.007m | ▼ 93.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | -€1.7m | -€2.1m | €0.03m | €0.03m | €0.02m | -€1.0m | - |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.03m | ▼ 77.9% |
| Operating cash flow (approximation) | €0.2m | -€1.5m | -€2.0m | €0.2m | €0.1m | €0.1m | -€0.9m | - |
| Investment in fixed assets (approximation) | - | -€0.003m | -€0.2m | €5.0m | €0.001m | €0.003m | €0.002m | ▼ 20.4% |
| Change in cash | - | -€0.1m | -€0.08m | -€0.01m | €0.01m | -€0.03m | €0.05m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 11-07-2025 | 2025-00272246 | |
| 31-12-2023 | full format | 14-07-2024 | 2024-00255459 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00250736 | |
| 31-12-2021 | full format | 27-06-2022 | 2022-20143461 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-33000174 | |
| 31-12-2019 | full format | 07-09-2020 | 2020-52100218 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-26500101 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-23100305 | |
| 31-12-2016 | full format | 22-06-2017 | 2017-21300529 | |
| 31-12-2015 | full format | 22-06-2016 | 2016-21300173 |