CERTI PROJECTS
Open bankruptcyFinancials · financial year 2024, abbreviated format
2024 annual accounts filed late (48 days) Filed on 17 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00498728.
Turnover
€108,649▲ 11.8%
2019 · €97,145
EBIT margin
1.2%▼ 0.4pp
2019 · 1.6%
Net result
€93,730
2023 · -€22,593
Working capital
€162,183▲ 127%
2023 · €71,567
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result returns to profit in 2024: €156,937 after a loss of €3,493 in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€108,649
2020
Operating result€156,937
2024
Net result€93,730
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€393,081
2024
Equity€164,713
2024
Debt€228,368
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€162,183
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.2%
2020
Return on assets (ROA)23.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency41.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.72
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€97,145-€108,649▲ 11.8%
Operating result€1,589-€1,327▼ 16.5%€17,992▲ 14×€80,520▲ 348%-€3,493€156,937
Net result-€574-€9,116within the sector's middle half€8,721within the sector's middle half▼ 4.3%€56,342within the sector's middle half▲ 546%-€22,593below the sector's middle half€93,730within the sector's middle half
EBIT margin1.6%-1.2%▼ 0.4pp
Equity€13,780-€22,895within the sector's middle half▲ 66.2%€38,067within the sector's middle half▲ 66.3%€94,409below the sector's middle half▲ 148%€71,816below the sector's middle half▼ 23.9%€164,713within the sector's middle half▲ 129%
Total assets€53,587-€71,280within the sector's middle half▲ 33.0%€106,167within the sector's middle half▲ 48.9%€152,085below the sector's middle half▲ 43.3%€258,089below the sector's middle half▲ 69.7%€393,081below the sector's middle half▲ 52.3%
Debt€39,808-€48,385▲ 21.5%€68,100▲ 40.7%€57,676▼ 15.3%€186,273▲ 223%€228,368▲ 22.6%
Working capital€13,387-€22,805within the sector's middle half▲ 70.4%€33,192within the sector's middle half▲ 45.5%€92,452within the sector's middle half▲ 179%€71,567within the sector's middle half▼ 22.6%€162,183within the sector's middle half▲ 127%
Solvency25.7%-32.1%within the sector's middle half▲ 6.4pp35.9%within the sector's middle half▲ 3.7pp62.1%above the sector's middle half▲ 26.2pp27.8%within the sector's middle half▼ 34.3pp41.9%within the sector's middle half▲ 14.1pp
Current ratio1.34-1.47within the sector's middle half▲ 0.141.81within the sector's middle half▲ 0.343.27above the sector's middle half▲ 1.451.41within the sector's middle half▼ 1.861.72within the sector's middle half▲ 0.31
Return on assets (ROA)-1.1%-12.8%within the sector's middle half▲ 13.9pp8.2%within the sector's middle half▼ 4.6pp37.0%above the sector's middle half▲ 28.8pp-8.8%below the sector's middle half▼ 45.8pp23.8%above the sector's middle half▲ 32.6pp
Staff (FTE)1-1within the sector's middle half=0.5▼ 50.0%0below the sector's middle half
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393,081
Fixed assets
€4,999 ▼ 50.0%
Current assets
€388,083 ▲ 56.4%
Equity and liabilities €393,081
Equity
€164,713 ▲ 129%
Debt
€228,368 ▲ 22.6%
Debt's share of the balance-sheet total falls from 72.2% to 58.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161,942▲
2023 · €5,325
Cash flow
€98,735▲
2023 · -€13,774
Quick ratio
1.59▲
2023 · 1.30
Debt to equity
1.39▼
2023 · 2.59
ROE
56.9%▲
2023 · -31.5%
Interest coverage
12.93▲
2023 · 0.40
Debt ≤ 1 year
€225,900▲
2023 · €176,519
Debt > 1 year
€2,468▼
2023 · €9,754
Income taxes
€50,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €97,145 | €108,649 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €303 | €303 | €3,269 | €13,263 | €8,818 | €5,005 | ▼ 43.2% |
| Other operating charges640/8 | - | - | - | €2,381 | €150 | €15,105 | ▲ 101× |
| Gross operating margin9900 | €27,179 | €27,466 | €33,941 | €96,165 | €5,475 | €177,047 | ▲ 32× |
| Operating profit (loss)9901 | €1,589 | €1,327 | €17,992 | €80,520 | -€3,493 | €156,937 | - |
| Financial income75/76B | - | - | - | €785 | - | - | - |
| Recurring financial income75 | €432 | €282 | €8 | €785 | - | - | - |
| Financial charges65/66B | - | - | - | €2,460 | €19,099 | €12,521 | ▼ 34.4% |
| Recurring financial charges65 | €2,596 | €1,294 | €2,909 | €2,460 | €13,455 | €12,521 | ▼ 6.9% |
| Non-recurring financial charges66B | - | - | - | - | €5,644 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€574 | €9,116 | €15,091 | €78,846 | -€22,593 | €144,416 | - |
| Income taxes67/77 | - | - | €6,370 | €22,504 | - | €50,687 | - |
| Profit (loss) for the period9904 | -€574 | €9,116 | €8,721 | €56,342 | -€22,593 | €93,730 | - |
| Profit (loss) for the period to be appropriated9905 | -€574 | €9,116 | €8,721 | €56,342 | -€22,593 | €93,730 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €53,587 | €71,280 | €106,167 | €152,085 | €258,089 | €393,081 | ▲ 52.3% |
| Fixed assets21/28 | €393 | €90 | €32,085 | €18,822 | €10,003 | €4,999 | ▼ 50.0% |
| Intangible fixed assets21 | €303 | - | €20,592 | €13,899 | €9,449 | €4,999 | ▼ 47.1% |
| Tangible fixed assets22/27 | - | - | €11,493 | €4,923 | €555 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €1,730 | €195 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €3,193 | €360 | €0 | ▼ 100% |
| Financial fixed assets28 | €90 | €90 | - | - | - | - | - |
| Current assets29/58 | €53,195 | €71,190 | €74,082 | €133,263 | €248,086 | €388,083 | ▲ 56.4% |
| Stocks and contracts in progress3 | €23,494 | €26,520 | €31,218 | €28,045 | €17,812 | €28,478 | ▲ 59.9% |
| Stocks30/36 | - | - | - | €28,045 | €17,812 | €28,478 | ▲ 59.9% |
| Amounts receivable within one year40/41 | €28,814 | €44,351 | €35,172 | €104,113 | €230,043 | €359,422 | ▲ 56.2% |
| Trade receivables40 | - | - | - | €83,934 | €132,967 | €218,467 | ▲ 64.3% |
| Other amounts receivable41 | - | - | - | €20,179 | €97,076 | €140,955 | ▲ 45.2% |
| Cash at bank and in hand54/58 | €887 | €319 | €6,794 | €320 | €231 | €183 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | - | - | - | €785 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €53,587 | €71,280 | €106,167 | €152,085 | €258,089 | €393,081 | ▲ 52.3% |
| Equity10/15 | €13,780 | €22,895 | €38,067 | €94,409 | €71,816 | €164,713 | ▲ 129% |
| Contributions10/11 | €18,550 | €18,550 | - | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €1,860 | €1,860 | €13,067 | €69,409 | €46,816 | €139,713 | ▲ 198% |
| Distributable reserves133 | - | - | - | €69,409 | €46,816 | €139,713 | ▲ 198% |
| Profit (loss) carried forward14 | -€6,630 | €2,485 | - | - | - | €0 | - |
| Amounts payable17/49 | €39,808 | €48,385 | €68,100 | €57,676 | €186,273 | €228,368 | ▲ 22.6% |
| Amounts payable after more than one year17 | - | - | €27,211 | €16,865 | €9,754 | €2,468 | ▼ 74.7% |
| Financial debts170/4 | - | - | - | €16,865 | €9,754 | €2,468 | ▼ 74.7% |
| Amounts payable within one year42/48 | €39,808 | €48,385 | €40,889 | €40,811 | €176,519 | €225,900 | ▲ 28.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,939 | €10,601 | €7,286 | ▼ 31.3% |
| Trade debts44 | €14,102 | €19,479 | €29,545 | - | €115,513 | €122,377 | ▲ 5.9% |
| Suppliers440/4 | - | - | - | - | €115,513 | €122,377 | ▲ 5.9% |
| Taxes, remuneration and social security45 | - | - | - | €26,387 | €26,387 | €68,199 | ▲ 158% |
| Taxes450/3 | - | - | - | €26,387 | €26,387 | €68,199 | ▲ 158% |
| Other amounts payable47/48 | - | - | - | €7,485 | €24,018 | €28,037 | ▲ 16.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€574 | €9,116 | €8,721 | €56,342 | -€22,593 | €93,730 | - |
| + Depreciation and write-downs630 | €303 | €303 | €3,269 | €13,263 | €8,818 | €5,005 | ▼ 43.2% |
| Operating cash flow (approximation) | -€272 | €9,418 | €11,991 | €69,606 | -€13,774 | €98,735 | - |
| Investment in fixed assets (approximation) | - | €0 | -€35,264 | €0 | €0 | €0 | - |
| Change in cash | - | -€568 | €6,475 | -€6,474 | -€89 | -€48 | ▲ 46.1% |
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 (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 17-09-2025 | 2025-00498728 |
| 31-12-2023 | abbreviated format | 07-02-2025 | 2025-00033531 |
| 31-12-2022 | abbreviated format | 07-02-2025 | 2025-00033532 |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02700107 |
| 30-06-2020 | micro format | 20-11-2020 | 2020-71500209 |
| 30-06-2019 | micro format | 29-10-2019 | 2019-72000078 |
| 30-06-2018 | abbreviated format | 16-11-2018 | 2018-72400205 |
| 30-06-2017 | abbreviated format | 07-12-2017 | 2017-71300445 |
| 30-06-2016 | abbreviated format | 15-11-2016 | 2016-67900140 |
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Of the 19,857 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,287. 7,641 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.