CIOBI
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 41 days after the deadline Filed on 10 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00494779.
Annual accounts 2024 filed on 10-09-2025 PDF all 2 filings
Equity
-€51,313▼ 156%
2023 · -€20,073
Total assets
€51,925▼ 48.7%
2023 · €101,256
Net result
-€31,239▼ 41.5%
2023 · -€22,073
Working capital
-€75,676▼ 101%
2023 · -€37,734
Multi-year overview
2023 to 2024, 2 financial yearsOperating result
-€30,250
▼ 46.8%
2024
20232024
Net result
-€31,239
▼ 41.5%
2024
lowest quarter of the sector
20232024
Equity
-€51,313
▼ 156%
2024
lowest quarter of the sector
20232024
Total assets
€51,925
▼ 48.7%
2024
lowest quarter of the sector
20232024
Debt
€103,238
▼ 14.9%
2024
20232024
Working capital
-€75,676
▼ 101%
2024
lowest quarter of the sector
20232024
Solvency
-98.8%
▼ 79.0pp
2024
lowest quarter of the sector
20232024
Current ratio
0.26
▼ 0.39
2024
lowest quarter of the sector
20232024
Return on assets (ROA)
-60.2%
▼ 38.4pp
2024
lowest quarter of the sector
20232024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result-€20,611--€30,250▼ 46.8%
Net result-€22,073below the sector's middle half--€31,239below the sector's middle half▼ 41.5%
Equity-€20,073below the sector's middle half--€51,313below the sector's middle half▼ 156%
Total assets€101,256within the sector's middle half-€51,925below the sector's middle half▼ 48.7%
Debt€121,329-€103,238▼ 14.9%
Working capital-€37,734below the sector's middle half--€75,676below the sector's middle half▼ 101%
Solvency-19.8%below the sector's middle half--98.8%below the sector's middle half▼ 79.0pp
Current ratio0.65below the sector's middle half-0.26below the sector's middle half▼ 0.39
Return on assets (ROA)-21.8%below the sector's middle half--60.2%below the sector's middle half▼ 38.4pp
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). 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 €30,250, larger than the loss of €20,611 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51,925
Fixed assets
€24,803 ▼ 18.2%
Current assets
€27,122 ▼ 61.8%
Equity and liabilities
Equity-€51,313
Debt€103,238
Equity is negative. Debt (€103,238) exceeds the balance-sheet total (€51,925).
Key figures and ratios
EBITDA
-€22,128▼
2023 · -€9,531
Cash flow
-€23,118▼
2023 · -€10,993
Interest coverage
-10.12▼
2023 · -4.00
Debt ≤ 1 year
€102,798▼
2023 · €108,680
Debt > 1 year
€440▼
2023 · €12,648
Income taxes
€240▲
2023 · €179
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 | 31-12-2023 |
|---|---|
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €41,390 | €2,615 |
| Depreciation and write-downs of the year | €11,080 | €8,122 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €1,280 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,080 | €8,122 | ▼ 26.7% |
| Other operating charges640/8 | €1,568 | €2,748 | ▲ 75.3% |
| Gross operating margin9900 | -€6,683 | -€19,380 | ▼ 190% |
| Operating profit (loss)9901 | -€20,611 | -€30,250 | ▼ 46.8% |
| Financial income75/76B | €1,099 | €1,437 | ▲ 30.7% |
| Recurring financial income75 | €1,099 | €1,437 | ▲ 30.7% |
| Financial charges65/66B | €2,382 | €2,186 | ▼ 8.2% |
| Recurring financial charges65 | €2,382 | €2,186 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | -€21,894 | -€30,999 | ▼ 41.6% |
| Income taxes67/77 | €179 | €240 | ▲ 34.1% |
| Profit (loss) for the period9904 | -€22,073 | -€31,239 | ▼ 41.5% |
| Profit (loss) for the period to be appropriated9905 | -€22,073 | -€31,239 | ▼ 41.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €101,256 | €51,925 | ▼ 48.7% |
| Fixed assets21/28 | €30,310 | €24,803 | ▼ 18.2% |
| Tangible fixed assets22/27 | €30,310 | €24,803 | ▼ 18.2% |
| Plant, machinery and equipment23 | €2,712 | €2,657 | ▼ 2.0% |
| Furniture and vehicles24 | €19,550 | €16,297 | ▼ 16.6% |
| Leasing and similar rights25 | €8,048 | €5,848 | ▼ 27.3% |
| Current assets29/58 | €70,946 | €27,122 | ▼ 61.8% |
| Amounts receivable within one year40/41 | €67,939 | €16,101 | ▼ 76.3% |
| Trade receivables40 | €67,651 | €16,101 | ▼ 76.2% |
| Other amounts receivable41 | €288 | - | - |
| Cash at bank and in hand54/58 | €2,251 | €10,138 | ▲ 350% |
| Deferred charges and accrued income490/1 | €756 | €883 | ▲ 16.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €101,256 | €51,925 | ▼ 48.7% |
| Equity10/15 | -€20,073 | -€51,313 | ▼ 156% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€22,073 | -€53,313 | ▼ 142% |
| Amounts payable17/49 | €121,329 | €103,238 | ▼ 14.9% |
| Amounts payable after more than one year17 | €12,648 | €440 | ▼ 96.5% |
| Financial debts170/4 | €12,648 | €440 | ▼ 96.5% |
| Amounts payable within one year42/48 | €108,680 | €102,798 | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | €12,011 | €9,110 | ▼ 24.1% |
| Trade debts44 | €45,244 | €23,179 | ▼ 48.8% |
| Suppliers440/4 | €45,244 | €23,179 | ▼ 48.8% |
| Taxes, remuneration and social security45 | €34,330 | €56,522 | ▲ 64.6% |
| Taxes450/3 | €31,330 | €52,352 | ▲ 67.1% |
| Remuneration and social security454/9 | €3,000 | €4,170 | ▲ 39.0% |
| Other amounts payable47/48 | €17,096 | €13,987 | ▼ 18.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€22,073 | -€31,239 | ▼ 41.5% |
| + Depreciation and write-downs630 | €11,080 | €8,122 | ▼ 26.7% |
| Operating cash flow (approximation) | -€10,993 | -€23,118 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€2,615 | - |
| Change in cash | - | €7,887 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.