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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 January 2025 The financial year closed on 30 June 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2023 filed on 20-06-2024 PDF all 12 filings
Turnover
≈ €62,000
Estimated: probably between €30,000 and €120,000
Total assets
€198,089▼ 0.6%
2022 · €199,304
Net result
€2,730▼ 88.6%
2022 · €23,895
Working capital
€161,047▲ 4.5%
2022 · €154,109
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€7,878
▼ 71.1%
2023
20192023
Net result
€2,730
▼ 88.6%
2023
middle half of the sector
20192023
Equity
€193,963
▲ 1.4%
2023
middle half of the sector
20192023
Total assets
€198,089
▼ 0.6%
2023
middle half of the sector
20192023
Debt
€4,126
▼ 48.9%
2023
20192023
Working capital
€161,047
▲ 4.5%
2023
highest quarter of the sector
20192023
Solvency
97.9%
▲ 2.0pp
2023
highest quarter of the sector
20192023
Current ratio
40.03
▲ 19.94
2023
highest quarter of the sector
20192023
Return on assets (ROA)
1.4%
▼ 10.6pp
2023
lowest quarter of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€17,828-€27,479▲ 54.1%€25,517▼ 7.1%€27,235▲ 6.7%€7,878▼ 71.1%
Net result€9,702-€18,573within the sector's middle half▲ 91.4%€9,864within the sector's middle half▼ 46.9%€23,895within the sector's middle half▲ 142%€2,730within the sector's middle half▼ 88.6%
Equity€138,900-€157,473within the sector's middle half▲ 13.4%€167,337within the sector's middle half▲ 6.3%€191,234within the sector's middle half▲ 14.3%€193,963within the sector's middle half▲ 1.4%
Total assets€159,180-€171,536below the sector's middle half▲ 7.8%€178,228within the sector's middle half▲ 3.9%€199,304within the sector's middle half▲ 11.8%€198,089within the sector's middle half▼ 0.6%
Debt€20,280-€14,063▼ 30.7%€10,891▼ 22.6%€8,070▼ 25.9%€4,126▼ 48.9%
Working capital€90,329-€119,813within the sector's middle half▲ 32.6%€138,206above the sector's middle half▲ 15.4%€154,109above the sector's middle half▲ 11.5%€161,047above the sector's middle half▲ 4.5%
Solvency87.3%-91.8%above the sector's middle half▲ 4.5pp93.9%above the sector's middle half▲ 2.1pp96.0%above the sector's middle half▲ 2.1pp97.9%above the sector's middle half▲ 2.0pp
Current ratio5.45-9.52above the sector's middle half▲ 4.0713.69above the sector's middle half▲ 4.1720.10above the sector's middle half▲ 6.4140.03above the sector's middle half▲ 19.94
Return on assets (ROA)6.1%-10.8%within the sector's middle half▲ 4.7pp5.5%within the sector's middle half▼ 5.3pp12.0%within the sector's middle half▲ 6.5pp1.4%below the sector's middle half▼ 10.6pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2023 is 71% lower than in 2022 and the lowest since 2019.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €198,089
Fixed assets
€32,916 ▼ 11.3%
Current assets
€165,173 ▲ 1.8%
Equity and liabilities €198,089
Equity
€193,963 ▲ 1.4%
Debt
€4,126 ▼ 48.9%
Debt's share of the balance-sheet total falls from 4.0% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,087▼
2022 · €29,717
Cash flow
€6,939▼
2022 · €26,377
Debt to equity
0.02▼
2022 · 0.04
ROE
1.4%▼
2022 · 12.5%
Interest coverage
81.67▼
2022 · over 100
Debt ≤ 1 year
€4,126▼
2022 · €8,070
Income taxes
€7,000▲
2022 · €3,201
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2019 | 30-06-2020 | 30-06-2021 | 30-06-2022 | 30-06-2023 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €10,475 | - |
| Depreciation and write-downs of the year | €12,588 | €10,909 | €8,530 | €2,482 | €4,209 |
Source: notes to the 2019 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €106 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,588 | €10,909 | €8,530 | €2,482 | €4,209 | ▲ 69.6% |
| Other operating charges640/8 | €777 | €459 | €7,838 | €778 | €1,163 | ▲ 49.5% |
| Gross operating margin9900 | €31,193 | €38,847 | €41,991 | €30,495 | €13,250 | ▼ 56.6% |
| Operating profit (loss)9901 | €17,828 | €27,479 | €25,517 | €27,235 | €7,878 | ▼ 71.1% |
| Financial income75/76B | €1,489 | €1,606 | €1,652 | €12 | €2,000 | ▲ 167× |
| Recurring financial income75 | €1,489 | €1,606 | €1,652 | €12 | €2,000 | ▲ 167× |
| Financial charges65/66B | €620 | €1,268 | €56 | €151 | €148 | ▼ 2.0% |
| Recurring financial charges65 | €620 | €1,268 | €56 | €151 | €148 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €18,697 | €27,817 | €27,113 | €27,096 | €9,730 | ▼ 64.1% |
| Income taxes67/77 | €8,995 | €9,244 | €17,249 | €3,201 | €7,000 | ▲ 119% |
| Profit (loss) for the period9904 | €9,702 | €18,573 | €9,864 | €23,895 | €2,730 | ▼ 88.6% |
| Profit (loss) for the period to be appropriated9905 | €9,702 | €18,573 | €9,864 | €23,895 | €2,730 | ▼ 88.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,180 | €171,536 | €178,228 | €199,304 | €198,089 | ▼ 0.6% |
| Fixed assets21/28 | €48,572 | €37,662 | €29,132 | €37,125 | €32,916 | ▼ 11.3% |
| Tangible fixed assets22/27 | €22,572 | €11,662 | €3,132 | €11,125 | €6,916 | ▼ 37.8% |
| Furniture and vehicles24 | €16,070 | €6,845 | - | €9,678 | €6,916 | ▼ 28.5% |
| Other tangible fixed assets26 | €6,502 | €4,817 | €3,132 | €1,447 | - | - |
| Financial fixed assets28 | €26,000 | €26,000 | €26,000 | €26,000 | €26,000 | = |
| Current assets29/58 | €110,608 | €133,874 | €149,096 | €162,179 | €165,173 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €82,071 | €99,512 | €104,169 | €105,137 | €76,427 | ▼ 27.3% |
| Trade receivables40 | €34,779 | €34,970 | €38,024 | €38,992 | €375 | ▼ 99.0% |
| Other amounts receivable41 | €47,292 | €64,542 | €66,145 | €66,145 | €76,052 | ▲ 15.0% |
| Cash at bank and in hand54/58 | €28,537 | €34,362 | €44,927 | €57,042 | €88,746 | ▲ 55.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,180 | €171,536 | €178,228 | €199,304 | €198,089 | ▼ 0.6% |
| Equity10/15 | €138,900 | €157,473 | €167,337 | €191,234 | €193,963 | ▲ 1.4% |
| Contributions10/11 | €7,865 | €7,865 | €7,865 | €7,865 | €7,865 | = |
| Capital10 | €7,865 | €7,865 | €7,865 | €7,865 | €7,865 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €10,735 | €10,735 | €10,735 | €10,735 | €10,735 | = |
| Reserves13 | €20,557 | €20,557 | €20,557 | €25,756 | €25,755 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €18,697 | €18,697 | €18,697 | €23,896 | €23,895 | = |
| Profit (loss) carried forward14 | €110,478 | €129,051 | €138,915 | €157,613 | €160,343 | ▲ 1.7% |
| Amounts payable17/49 | €20,280 | €14,063 | €10,891 | €8,070 | €4,126 | ▼ 48.9% |
| Amounts payable within one year42/48 | €20,279 | €14,061 | €10,890 | €8,070 | €4,126 | ▼ 48.9% |
| Current portion of amounts payable after more than one year42 | €11,514 | €6,245 | €2,515 | €2,515 | - | - |
| Trade debts44 | €2,520 | €1,937 | €2,463 | €2,956 | €4,126 | ▲ 39.6% |
| Suppliers440/4 | €2,520 | €1,937 | €2,463 | €2,956 | €4,126 | ▲ 39.6% |
| Taxes, remuneration and social security45 | €6,245 | €5,879 | €5,912 | €2,599 | - | - |
| Taxes450/3 | €6,245 | €5,879 | €5,912 | €2,599 | - | - |
| Accrued charges and deferred income492/3 | €1 | €2 | €1 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,702 | €18,573 | €9,864 | €23,895 | €2,730 | ▼ 88.6% |
| + Depreciation and write-downs630 | €12,588 | €10,909 | €8,530 | €2,482 | €4,209 | ▲ 69.6% |
| Operating cash flow (approximation) | €22,290 | €29,482 | €18,394 | €26,377 | €6,939 | ▼ 73.7% |
| Investment in fixed assets (approximation) | - | €1 | €0 | -€10,475 | €0 | - |
| Change in cash | - | €5,825 | €10,565 | €12,115 | €31,704 | ▲ 162% |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 20-06-2024 | 2024-00147220 | |
| 30-06-2022 | micro format | 20-06-2024 | 2024-00147204 | |
| 30-06-2021 | micro format | 17-06-2024 | 2024-00143680 | |
| 30-06-2021 | abbreviated format | 22-02-2022 | 2022-06200458 | |
| 30-06-2020 | abbreviated format | 23-02-2022 | 2022-06700233 | |
| 30-06-2019 | micro format | 02-03-2022 | 2022-07000179 | |
| 30-06-2016 | abbreviated format | 20-06-2018 | 2018-21800073 | |
| 30-06-2015 | abbreviated format | 24-02-2016 | 2016-05200307 | |
| 30-06-2014 | abbreviated format | 12-03-2015 | 2015-06200491 | |
| 30-06-2013 | abbreviated format | 17-02-2015 | 2015-04400243 |