CRESPEL
InactiveFinancials · financial year 2024, full format
Annual accounts 2024 filed on 20-05-2025 PDF all 8 filings
Turnover
€687,002▲ 10.6%
2023 · €621,289
EBIT margin
43.2%▼ 6.0pp
2023 · 49.3%
Net result
-€194,313▼ 25.0%
2023 · -€155,496
Working capital
-€1.8m=
2023 · -€1.8m
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 3% lower than in 2023.
Turnover€0.7m
2024
Operating result€0.3m
2024
Net result-€0.2m
2024
Total assets€10.7m
2024
Equity-€1.5m
2024
Debt€12.2m
2024
Working capital-€1.8m
2024
EBIT margin43.2%
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.5m-€0.6m▲ 7.2%€0.6m▲ 7.5%€0.4m▼ 31.4%€0.5m▲ 20.0%€0.6m▲ 26.9%€0.7m▲ 10.6%
Operating result-€0.1m--€0.01m▲ 91.8%-€0.3m▼ 3,223%-€0.05m▲ 85.9%€0.2m€0.3m▲ 44.8%€0.3m▼ 3.0%
Net result-€0.3m--€0.2m▲ 32.5%-€0.5m▼ 174%-€0.2m▲ 55.0%-€0.005m▲ 98.0%-€0.2m▼ 3,230%-€0.2m▼ 25.0%
EBIT margin-23.6%--1.8%▲ 21.8pp-55.8%▼ 54.0pp-11.5%▲ 44.3pp43.2%▲ 54.7pp49.3%▲ 6.1pp43.2%▼ 6.0pp
Equity-€0.2m--€0.4m▼ 98.0%-€0.9m▼ 135%-€1.1m▼ 25.9%-€1.2m▼ 0.4%-€1.3m▼ 13.5%-€1.5m▼ 14.9%
Total assets€11.4m-€12.6m▲ 10.8%€12.1m▼ 4.2%€11.6m▼ 4.0%€11.3m▼ 2.6%€10.9m▼ 3.6%€10.7m▼ 1.5%
Debt€11.6m-€13.0m▲ 12.3%€13.0m=€12.7m▼ 2.1%€12.4m▼ 2.2%€12.2m▼ 2.0%€12.2m▲ 0.3%
Working capital-€0.2m--€0.1m▲ 61.3%-€0.09m▲ 8.8%-€1.7m▼ 1,872%-€1.7m▲ 2.2%-€1.8m▼ 7.7%-€1.8m=
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.7m
Fixed assets
€10.2m ▼ 3.4%
Current assets
€466,831 ▲ 71.2%
Equity and liabilities
Equity-€1.5m
Debt€12.2m
Equity is negative. Debt (€12.2m) exceeds the balance-sheet total (€10.7m).
Key figures and ratios
EBITDA
€654,585▼
2023 · €661,465
Cash flow
€163,205▼
2023 · €199,845
Solvency
-14.0%▼
2023 · -12.0%
Current ratio
0.20▲
2023 · 0.13
ROA
-1.8%▼
2023 · -1.4%
Interest coverage
1.36▼
2023 · 1.47
Debt ≤ 1 year
€2.3m▲
2023 · €2.1m
Debt > 1 year
€9.8m▼
2023 · €10.0m
Customer credit
149 days▲
2023 · 70 days
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.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €10.1m | €9.6m | €9.1m | €8.6m |
| Mortgages, amount registered | €11.2m | €11.2m | €11.2m | €11.2m |
| Carrying value of the mortgaged assets | €11.3m | €10.9m | €10.6m | €10.2m |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €49,671 | - |
| Depreciation and write-downs of the year | €352,551 | €352,551 | €355,341 | €357,518 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €3,532 | €3,824 | €4,100 | €4,231 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €512,234 | €641,036 | €760,400 | €938,679 | ▲ 23.4% |
| Turnover70 | €516,030 | €552,996 | €594,487 | €407,986 | €489,608 | €621,289 | €687,002 | ▲ 10.6% |
| Other operating income74 | - | - | - | €104,249 | €151,428 | €139,111 | €251,677 | ▲ 80.9% |
| Operating charges60/66A | - | - | - | €559,120 | €429,601 | €454,276 | €641,612 | ▲ 41.2% |
| Services and other goods61 | - | - | - | €67,479 | €71,484 | €49,274 | €129,540 | ▲ 163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €286,697 | €322,409 | €351,647 | €352,551 | €352,551 | €355,341 | €357,518 | ▲ 0.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €20,053 | -€20,053 | - | - | - |
| Other operating charges640/8 | - | - | - | €119,036 | €25,619 | €49,661 | €154,554 | ▲ 211% |
| Operating profit (loss)9901 | -€121,867 | -€9,980 | -€331,636 | -€46,886 | €211,435 | €306,124 | €297,066 | ▼ 3.0% |
| Financial income75/76B | - | - | - | €3 | - | - | €2,352 | - |
| Recurring financial income75 | - | - | - | €3 | - | - | €2,352 | - |
| Income from current assets751 | - | - | - | - | - | - | €2,352 | - |
| Other financial income752/9 | - | - | - | €3 | - | - | - | - |
| Financial charges65/66B | - | - | - | €189,121 | €216,104 | €461,620 | €493,731 | ▲ 7.0% |
| Recurring financial charges65 | €162,024 | €181,642 | €192,485 | €189,121 | €216,104 | €461,620 | €493,731 | ▲ 7.0% |
| Debt charges650 | €159,110 | €180,659 | €188,244 | €184,566 | €209,002 | €450,607 | €482,714 | ▲ 7.1% |
| Other financial charges652/9 | - | - | - | €4,556 | €7,102 | €11,014 | €11,018 | = |
| Profit (loss) for the period before taxes9903 | -€283,891 | -€191,622 | -€524,121 | -€236,004 | -€4,669 | -€155,496 | -€194,313 | ▼ 25.0% |
| Profit (loss) for the period9904 | -€283,891 | -€191,622 | -€524,121 | -€236,004 | -€4,669 | -€155,496 | -€194,313 | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | -€283,891 | -€191,622 | -€524,121 | -€236,004 | -€4,669 | -€155,496 | -€194,313 | ▼ 25.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €11.4m | €12.6m | €12.1m | €11.6m | €11.3m | €10.9m | €10.7m | ▼ 1.5% |
| Fixed assets21/28 | €11.1m | €11.9m | €11.6m | €11.3m | €10.9m | €10.6m | €10.2m | ▼ 3.4% |
| Tangible fixed assets22/27 | €11.1m | €11.9m | €11.6m | €11.3m | €10.9m | €10.6m | €10.2m | ▼ 3.4% |
| Land and buildings22 | - | - | - | €11.3m | €10.9m | €10.6m | €10.2m | ▼ 3.4% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0 | - | - |
| Current assets29/58 | €0.3m | €0.7m | €0.4m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 71.2% |
| Amounts receivable within one year40/41 | - | €0.07m | €0.2m | €0.1m | €0.2m | €0.1m | €0.3m | ▲ 135% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.1m | €0.3m | ▲ 135% |
| Cash at bank and in hand54/58 | €0.003m | €0.09m | €0.03m | €0.02m | €0.02m | €0.002m | €0.07m | ▲ 33× |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 22.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €11.4m | €12.6m | €12.1m | €11.6m | €11.3m | €10.9m | €10.7m | ▼ 1.5% |
| Equity10/15 | -€0.2m | -€0.4m | -€0.9m | -€1.1m | -€1.2m | -€1.3m | -€1.5m | ▼ 14.9% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | -€0.7m | -€0.9m | -€1.4m | -€1.6m | -€1.7m | -€1.8m | -€2.0m | ▼ 10.8% |
| Provisions and deferred taxes16 | - | - | - | €0.02m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.02m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.02m | - | - | - | - |
| Amounts payable17/49 | €11.6m | €13.0m | €13.0m | €12.7m | €12.4m | €12.2m | €12.2m | ▲ 0.3% |
| Amounts payable after more than one year17 | €11.0m | €12.1m | €12.4m | €10.6m | €10.3m | €10.0m | €9.8m | ▼ 1.9% |
| Financial debts170/4 | - | - | - | €10.1m | €9.6m | €9.1m | €8.7m | ▼ 4.9% |
| Subordinated loans170 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Credit institutions173 | - | - | - | €8.4m | €7.9m | €7.4m | €7.0m | ▼ 6.0% |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.7m | €0.9m | €1.1m | ▲ 27.7% |
| Amounts payable within one year42/48 | €0.5m | €0.7m | €0.5m | €2.0m | €2.1m | €2.1m | €2.3m | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 1.3% |
| Trade debts44 | €0.1m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.7% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.7% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.2m | - |
| Taxes450/3 | - | - | - | - | - | - | €0.2m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.09m | €0.09m | €0.1m | ▲ 33.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | -€0.2m | -€0.5m | -€0.2m | -€0.005m | -€0.2m | -€0.2m | ▼ 25.0% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 0.6% |
| Operating cash flow (approximation) | €0.003m | €0.1m | -€0.2m | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 18.3% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€0.03m | €0 | €0 | -€0.05m | €0 | - |
| Change in cash | - | €0.09m | -€0.06m | -€0.009m | -€0.001m | -€0.02m | €0.07m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 20-05-2025 | 2025-00101291 | |
| 31-12-2023 | full format | 14-05-2024 | 2024-00087474 | |
| 31-12-2022 | full format | 09-05-2023 | 2023-00084930 | |
| 31-12-2021 | full format | 11-05-2022 | 2022-20025800 | |
| 31-12-2020 | full format | 06-05-2021 | 2021-13600189 | |
| 31-12-2019 | full format | 07-07-2020 | 2020-27800353 | |
| 31-12-2018 | full format | 16-05-2019 | 2019-13300578 | |
| 31-12-2017 | full format | 30-05-2018 | 2018-15300150 |