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ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 October 2025 The financial year closed on 31 March 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 02-04-2025 PDF all 12 filings
Equity
€236,260▼ 10.2%
2023 · €263,212
Total assets
€325,004▼ 1.9%
2023 · €331,273
Net result
-€26,952
2023 · €8,116
Working capital
€280,355▼ 8.8%
2023 · €307,307
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
-€18,525
2024
20192024
Net result
-€26,952
2024
lowest quarter of the sector
20192024
Equity
€236,260
▼ 10.2%
2024
highest quarter of the sector
20192024
Total assets
€325,004
▼ 1.9%
2024
highest quarter of the sector
20192024
Debt
€88,744
▲ 30.4%
2024
20192024
Working capital
€280,355
▼ 8.8%
2024
highest quarter of the sector
20192024
Solvency
72.7%
▼ 6.8pp
2024
highest quarter of the sector
20192024
Current ratio
7.28
▼ 6.54
2024
highest quarter of the sector
20192024
Return on assets (ROA)
-8.3%
▼ 10.7pp
2024
lowest quarter of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€6,779-€39,637▲ 485%€67,533▲ 70.4%€49,853▼ 26.2%€8,766▼ 82.4%-€18,525
Net result€4,001-€35,588above the sector's middle half▲ 789%€66,463above the sector's middle half▲ 86.8%€98,880above the sector's middle half▲ 48.8%€8,116within the sector's middle half▼ 91.8%-€26,952below the sector's middle half
Equity€54,166-€89,754within the sector's middle half▲ 65.7%€156,217above the sector's middle half▲ 74.0%€255,096above the sector's middle half▲ 63.3%€263,212above the sector's middle half▲ 3.2%€236,260above the sector's middle half▼ 10.2%
Total assets€133,856-€181,008within the sector's middle half▲ 35.2%€244,404within the sector's middle half▲ 35.0%€370,216above the sector's middle half▲ 51.5%€331,273above the sector's middle half▼ 10.5%€325,004above the sector's middle half▼ 1.9%
Debt€79,690-€91,254▲ 14.5%€88,188▼ 3.4%€115,120▲ 30.5%€68,062▼ 40.9%€88,744▲ 30.4%
Working capital€98,262-€133,849above the sector's middle half▲ 36.2%€201,550above the sector's middle half▲ 50.6%€299,191above the sector's middle half▲ 48.4%€307,307above the sector's middle half▲ 2.7%€280,355above the sector's middle half▼ 8.8%
Solvency40.5%-49.6%within the sector's middle half▲ 9.1pp63.9%within the sector's middle half▲ 14.3pp68.9%above the sector's middle half▲ 5.0pp79.5%above the sector's middle half▲ 10.5pp72.7%above the sector's middle half▼ 6.8pp
Current ratio3.76-3.84above the sector's middle half▲ 0.085.70above the sector's middle half▲ 1.865.21above the sector's middle half▼ 0.4913.82above the sector's middle half▲ 8.617.28above the sector's middle half▼ 6.54
Return on assets (ROA)3.0%-19.7%above the sector's middle half▲ 16.7pp27.2%above the sector's middle half▲ 7.5pp26.7%above the sector's middle half▼ 0.5pp2.4%within the sector's middle half▼ 24.3pp-8.3%below the sector's middle half▼ 10.7pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 €18,525, after a profit of €8,766 in 2023. It is the lowest result since 2020.
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
Equity and liabilities €325,004
Equity
€236,260 ▼ 10.2%
Debt
€88,744 ▲ 30.4%
Debt's share of the balance-sheet total rises from 20.5% to 27.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.38▲
2023 · 0.26
ROE
-11.4%▼
2023 · 3.1%
Debt ≤ 1 year
€44,649▲
2023 · €23,967
Debt > 1 year
€44,095=
2023 · €44,095
Income taxes
€8,220
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 |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,335 | €19,461 | - | - |
| Remuneration, social security and pensions62 | - | - | €27 | - | €609 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | €812 | €856 | €1,392 | €222 | ▼ 84.1% |
| Non-recurring operating charges66A | - | - | - | - | €171 | €63 | ▼ 63.2% |
| Gross operating margin9900 | €8,365 | €41,311 | €68,373 | €50,709 | €10,938 | -€18,241 | - |
| Operating profit (loss)9901 | €6,779 | €39,637 | €67,533 | €49,853 | €8,766 | -€18,525 | - |
| Financial charges65/66B | - | - | €1,071 | €611 | €650 | €207 | ▼ 68.2% |
| Recurring financial charges65 | €801 | €1,306 | €1,071 | €611 | €650 | €207 | ▼ 68.2% |
| Profit (loss) for the period before taxes9903 | €5,978 | €38,331 | €66,463 | €49,242 | €8,116 | -€18,732 | - |
| Income taxes67/77 | €1,977 | €2,743 | - | -€49,637 | - | €8,220 | - |
| Profit (loss) for the period9904 | €4,001 | €35,588 | €66,463 | €98,880 | €8,116 | -€26,952 | - |
| Profit (loss) for the period to be appropriated9905 | €4,001 | €35,588 | €66,463 | €98,880 | €8,116 | -€26,952 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €133,856 | €181,008 | €244,404 | €370,216 | €331,273 | €325,004 | ▼ 1.9% |
| Fixed assets21/28 | - | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €133,856 | €181,008 | €244,404 | €370,216 | €331,273 | €325,004 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €132,264 | €176,398 | €236,467 | €363,993 | €311,995 | €311,157 | ▼ 0.3% |
| Trade receivables40 | - | - | €14,434 | €17,211 | - | €30,711 | - |
| Other amounts receivable41 | - | - | €222,033 | €346,782 | €311,995 | €280,445 | ▼ 10.1% |
| Cash at bank and in hand54/58 | €1,592 | €1,021 | €2,137 | €270 | €2,228 | €13,847 | ▲ 522% |
| Deferred charges and accrued income490/1 | - | - | €5,800 | €5,953 | €17,051 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €133,856 | €181,008 | €244,404 | €370,216 | €331,273 | €325,004 | ▼ 1.9% |
| Equity10/15 | €54,166 | €89,754 | €156,217 | €255,096 | €263,212 | €236,260 | ▼ 10.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €46,106 | €81,694 | €148,157 | €247,036 | €255,152 | €228,200 | ▼ 10.6% |
| Amounts payable17/49 | €79,690 | €91,254 | €88,188 | €115,120 | €68,062 | €88,744 | ▲ 30.4% |
| Amounts payable after more than one year17 | €44,095 | €44,095 | €44,095 | €44,095 | €44,095 | €44,095 | = |
| Other amounts payable178/9 | - | - | €44,095 | €44,095 | €44,095 | €44,095 | = |
| Amounts payable within one year42/48 | €35,594 | €47,159 | €42,854 | €71,025 | €23,967 | €44,649 | ▲ 86.3% |
| Current portion of amounts payable after more than one year42 | - | - | €374 | €2,530 | €2,530 | €2,530 | = |
| Financial debts43 | - | - | €5,141 | €5,190 | €5,101 | €10,202 | ▲ 100% |
| Credit institutions430/8 | - | - | €5,141 | €5,190 | €5,101 | €10,202 | ▲ 100% |
| Trade debts44 | €26,227 | €40,329 | €35,806 | €47,650 | €2,019 | €31,917 | ▲ 16× |
| Suppliers440/4 | - | - | €35,806 | €47,650 | €2,019 | €31,917 | ▲ 16× |
| Taxes, remuneration and social security45 | - | - | €1,533 | €15,656 | €14,317 | - | - |
| Taxes450/3 | - | - | €919 | €11,642 | €14,317 | - | - |
| Remuneration and social security454/9 | - | - | €614 | €4,014 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,238 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,001 | €35,588 | €66,463 | €98,880 | €8,116 | -€26,952 | - |
| + Depreciation and write-downs630 | €25 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €4,026 | €35,588 | €66,463 | €98,880 | €8,116 | -€26,952 | - |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€571 | €1,116 | -€1,867 | €1,958 | €11,619 | ▲ 494% |
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 |
|---|---|---|---|---|
| 31-03-2024 | micro format | 02-04-2025 | 2025-00061197 | |
| 31-03-2023 | micro format | 03-06-2024 | 2024-00112083 | |
| 31-03-2022 | micro format | 23-08-2023 | 2023-00343817 | |
| 31-03-2021 | micro format | 17-05-2022 | 2022-20029127 | |
| 31-03-2020 | micro format | 17-12-2020 | 2020-76300017 | |
| 31-03-2019 | micro format | 29-10-2019 | 2019-72200378 | |
| 31-03-2018 | micro format | 16-10-2018 | 2018-69600065 | |
| 31-03-2017 | micro format | 19-10-2017 | 2017-67500417 | |
| 31-03-2016 | full format | 14-10-2016 | 2016-65800017 | |
| 31-03-2015 | full format | 30-09-2015 | 2015-62900283 |