CREATIEF
InactiveFrom the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, abbreviated format
2023 annual accounts filed 146 days after the deadline Filed on 25 June 2024, deadline 31 January 2024 (7 months after the close on 30 June 2023, Companies Code art. 3:10). Source: NBB, 2024-00159358.
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 30-06-2023
- Filed on
- 25-06-2024
- Format
- abbreviated format
- Reference
- 2024-00159358
Turnover
≈ €510,000
Estimated: probably between €310,000 and €950,000
Total assets
€268,404▲ 25.3%
2022 · €214,217
Net result
€15,301
2022 · -€40,593
Working capital
-€64,138▲ 17.2%
2022 · -€77,458
Trend over the years
2020 to 2023, 5 financial years 2019 to 2023, 6 financial years
Several financial years end in the same calendar year, so there is no annual trend.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result€16,939
2023
Net result€15,301
2023
Assets, equity and debt per financial year.
Total assets€268,404
2023
Equity-€22,630
2023
Debt€291,033
2023
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital-€64,138
2023
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)6.6
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220222023
Operating result€24,786--€69,026-€8,720▲ 87.4%€14,430-€39,103-€16,939
Net result€7,362--€74,108-€13,735▲ 81.5%€9,888-€40,593-€15,301
Equity€80,618-€6,510▼ 91.9%-€7,225€2,663-€37,930--€22,630▲ 40.3%
Total assets€539,347-€384,661▼ 28.7%€341,414▼ 11.2%€207,948▼ 39.1%€214,217-€268,404▲ 25.3%
Debt€458,729-€378,151▼ 17.6%€348,639▼ 7.8%€205,285▼ 41.1%€252,147-€291,033▲ 15.4%
Working capital€20,727--€41,543-€87,526▼ 111%-€47,319▲ 45.9%-€77,458--€64,138▲ 17.2%
Staff (FTE)10-9.4▼ 6.0%6.9▼ 26.6%6.9=6.3-6.6▲ 4.8%
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 €268,404
Fixed assets
€41,558 ▼ 13.4%
Current assets
€226,846 ▲ 36.5%
Equity and liabilities
Equity-€22,630
Debt€291,033
Equity is negative. Debt (€291,033) exceeds the balance-sheet total (€268,404).
Key figures and ratios
EBITDA
€23,920▲
2022 · -€28,132
Cash flow
€22,282▲
2022 · -€29,622
Solvency
-8.4%▲
2022 · -17.7%
Current ratio
0.78▲
2022 · 0.68
ROA
5.7%▲
2022 · -18.9%
Interest coverage
15.11▲
2022 · -20.42
Debt ≤ 1 year
€290,984▲
2022 · €243,688
Debt > 1 year
€0▼
2022 · €8,459
Income taxes
€57▼
2022 · €113
Staff costs
€174,701▼
2022 · €248,747
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.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,770 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €279,692 | €248,747 | €174,701 | ▼ 29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,921 | €40,533 | €37,203 | €18,268 | €10,972 | €6,981 | ▼ 36.4% |
| Other operating charges640/8 | - | - | - | €1,096 | €6,601 | €730 | ▼ 88.9% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - |
| Gross operating margin9900 | €491,631 | €401,974 | €330,315 | €313,487 | €227,216 | €199,352 | ▼ 12.3% |
| Operating profit (loss)9901 | €24,786 | -€69,026 | -€8,720 | €14,430 | -€39,103 | €16,939 | - |
| Financial income75/76B | - | - | - | €12 | €0 | €2 | ▲ 337% |
| Recurring financial income75 | €108 | €66 | €171 | €12 | €0 | €2 | ▲ 337% |
| Financial charges65/66B | - | - | - | €4,407 | €1,378 | €1,584 | ▲ 14.9% |
| Recurring financial charges65 | €5,368 | €4,524 | €4,909 | €4,407 | €1,378 | €1,584 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €19,525 | -€73,484 | -€13,458 | €10,035 | -€40,481 | €15,358 | - |
| Income taxes67/77 | €12,163 | €625 | €277 | €147 | €113 | €57 | ▼ 49.5% |
| Profit (loss) for the period9904 | €7,362 | -€74,108 | -€13,735 | €9,888 | -€40,593 | €15,301 | - |
| Profit (loss) for the period to be appropriated9905 | €7,362 | -€74,108 | -€13,735 | €9,888 | -€40,593 | €15,301 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €539,347 | €384,661 | €341,414 | €207,948 | €214,217 | €268,404 | ▲ 25.3% |
| Fixed assets21/28 | €236,146 | €196,541 | €206,557 | €49,999 | €47,987 | €41,558 | ▼ 13.4% |
| Intangible fixed assets21 | €15,627 | €11,100 | €57,673 | €44,823 | €35,186 | €29,723 | ▼ 15.5% |
| Tangible fixed assets22/27 | €220,520 | €185,441 | €148,883 | €3,240 | €10,866 | €9,347 | ▼ 14.0% |
| Land and buildings22 | - | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €3,240 | €10,866 | €9,347 | ▼ 14.0% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - |
| Financial fixed assets28 | - | - | - | €1,935 | €1,935 | €2,487 | ▲ 28.5% |
| Current assets29/58 | €303,200 | €188,120 | €134,857 | €157,950 | €166,230 | €226,846 | ▲ 36.5% |
| Stocks and contracts in progress3 | €18,288 | €22,500 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €194,204 | €119,145 | €115,730 | €130,946 | €131,144 | €205,142 | ▲ 56.4% |
| Trade receivables40 | - | - | - | €130,946 | €131,144 | €205,142 | ▲ 56.4% |
| Cash at bank and in hand54/58 | €54,910 | €40,506 | €15,307 | €22,041 | €32,743 | €14,703 | ▼ 55.1% |
| Deferred charges and accrued income490/1 | - | - | - | €4,963 | €2,343 | €7,000 | ▲ 199% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €539,347 | €384,661 | €341,414 | €207,948 | €214,217 | €268,404 | ▲ 25.3% |
| Equity10/15 | €80,618 | €6,510 | -€7,225 | €2,663 | -€37,930 | -€22,630 | ▲ 40.3% |
| Contributions10/11 | €79,000 | €79,000 | €79,000 | €79,000 | €79,000 | €79,000 | = |
| Capital10 | - | - | - | €79,000 | €79,000 | €79,000 | = |
| Issued capital100 | - | - | - | €79,000 | €79,000 | €79,000 | = |
| Reserves13 | €5,949 | €5,949 | €5,949 | €5,949 | €5,949 | €5,949 | = |
| Non-distributable reserves130/1 | - | - | - | €5,949 | €5,949 | €5,949 | = |
| Legal reserve130 | - | - | - | €5,949 | €5,949 | €5,949 | = |
| Profit (loss) carried forward14 | -€4,331 | -€78,439 | -€92,175 | -€82,286 | -€122,880 | -€107,579 | ▲ 12.5% |
| Amounts payable17/49 | €458,729 | €378,151 | €348,639 | €205,285 | €252,147 | €291,033 | ▲ 15.4% |
| Amounts payable after more than one year17 | €174,698 | €148,488 | €125,549 | €0 | €8,459 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0 | €8,459 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €282,474 | €229,662 | €222,383 | €205,269 | €243,688 | €290,984 | ▲ 19.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | €20,031 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €20,608 | €28,726 | €28,726 | = |
| Credit institutions430/8 | - | - | - | €20,608 | €28,726 | €28,726 | = |
| Trade debts44 | €75,936 | €15,364 | €10,941 | €21,370 | €38,860 | €69,647 | ▲ 79.2% |
| Suppliers440/4 | - | - | - | €21,370 | €38,860 | €69,647 | ▲ 79.2% |
| Taxes, remuneration and social security45 | - | - | - | €60,717 | €69,228 | €77,392 | ▲ 11.8% |
| Taxes450/3 | - | - | - | €7,234 | €31,225 | €37,663 | ▲ 20.6% |
| Remuneration and social security454/9 | - | - | - | €53,483 | €38,002 | €39,729 | ▲ 4.5% |
| Other amounts payable47/48 | - | - | - | €102,573 | €86,842 | €115,219 | ▲ 32.7% |
| Accrued charges and deferred income492/3 | - | - | - | €16 | €0 | €49 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,362 | -€74,108 | -€13,735 | €9,888 | -€40,593 | €15,301 | - |
| + Depreciation and write-downs630 | €40,921 | €40,533 | €37,203 | €18,268 | €10,972 | €6,981 | ▼ 36.4% |
| Operating cash flow (approximation) | €48,283 | -€33,575 | €23,468 | €28,157 | -€29,622 | €22,282 | - |
| Investment in fixed assets (approximation) | - | -€928 | -€47,218 | €138,290 | - | -€552 | - |
| Change in cash | - | -€14,403 | -€25,199 | €6,734 | - | -€18,040 | - |
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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | abbreviated format | 25-06-2024 | 2024-00159358 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00388857 | |
| 31-03-2022 | abbreviated format | 14-09-2022 | 2022-20428908 | |
| 31-03-2021 | abbreviated format | 03-11-2021 | 2021-76200468 | |
| 31-03-2020 | abbreviated format | 26-11-2020 | 2020-72200554 | |
| 31-03-2019 | abbreviated format | 29-11-2019 | 2019-74800595 | |
| 31-03-2018 | abbreviated format | 27-11-2018 | 2018-72700456 | |
| 31-03-2017 | abbreviated format | 26-10-2017 | 2017-67700295 | |
| 31-03-2016 | abbreviated format | 22-11-2016 | 2016-68100309 | |
| 31-03-2015 | abbreviated format | 01-10-2015 | 2015-61800214 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.