CTRWOLUWE
Bankruptcy closedFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 24-07-2025 PDF all 4 filings
Turnover
≈ €470,000
Estimated: probably between €310,000 and €720,000
Total assets
€136,295▲ 2.3%
2023 · €133,294
Net result
€10,002▼ 36.5%
2023 · €15,755
Working capital
-€82,242▲ 31.2%
2023 · -€119,593
Multi-year overview
2021 to 2024, 4 financial yearsOperating result
€13,065
▼ 25.4%
2024
20212024
Net result
€10,002
▼ 36.5%
2024
20212024
Equity
-€43,177
▲ 18.8%
2024
20212024
Total assets
€136,295
▲ 2.3%
2024
20212024
Debt
€179,472
▼ 3.8%
2024
20212024
Working capital
-€82,242
▲ 31.2%
2024
20212024
Staff (FTE)
9.8
▲ 3.2%
2024
20212024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result-€80,251-€16,752€17,523▲ 4.6%€13,065▼ 25.4%
Net result-€84,997-€12,063€15,755▲ 30.6%€10,002▼ 36.5%
Equity-€84,997--€72,934▲ 14.2%-€53,179▲ 27.1%-€43,177▲ 18.8%
Total assets€132,169-€101,167▼ 23.5%€133,294▲ 31.8%€136,295▲ 2.3%
Debt€217,166-€174,101▼ 19.8%€186,473▲ 7.1%€179,472▼ 3.8%
Working capital-€164,992--€143,047▲ 13.3%-€119,593▲ 16.4%-€82,242▲ 31.2%
Staff (FTE)5-9.59.8▲ 3.2%
The operating result for 2024 is 25% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,295
Fixed assets
€63,602 ▼ 34.4%
Current assets
€72,693 ▲ 100%
Equity and liabilities
Equity-€43,177
Debt€179,472
Equity is negative. Debt (€179,472) exceeds the balance-sheet total (€136,295).
Key figures and ratios
EBITDA
€26,202▼
2023 · €31,647
Cash flow
€23,139▼
2023 · €29,879
Solvency
-31.7%▲
2023 · -39.9%
Current ratio
0.47▲
2023 · 0.23
Quick ratio
0.43▲
2023 · 0.20
ROA
7.3%▼
2023 · 11.8%
Interest coverage
9.45▼
2023 · 18.30
Debt ≤ 1 year
€154,934▼
2023 · €155,893
Debt > 1 year
€18,235▼
2023 · €24,279
Income taxes
€290▲
2023 · €132
Staff costs
€143,470▼
2023 · €169,039
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 | 31-12-2021 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 11 | 18 | 8 |
| full-time | 5 | 2 | 1 |
| part-time | 6 | 16 | 7 |
| in full-time equivalents | 8 | 7.9 | 4.1 |
| Average over the year, in full-time equivalents | 5 | 5.9 | 5 |
| On a permanent contract | 6 | 4 | 3 |
| Joined | 18 | 20 | 6 |
| Left | 12 | 15 | 16 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €28,400 | - | €41,006 | €15,510 |
| Intangible fixed assets | €60,000 | - | - | - |
| Depreciation and write-downs of the year | €8,405 | €9,882 | €14,124 | €13,137 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €112,630 | €156,296 | €169,039 | €143,470 | ▼ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,405 | €9,882 | €14,124 | €13,137 | ▼ 7.0% |
| Other operating charges640/8 | €535 | - | €5,947 | €16,719 | ▲ 181% |
| Gross operating margin9900 | €41,319 | €182,930 | €206,633 | €186,391 | ▼ 9.8% |
| Operating profit (loss)9901 | -€80,251 | €16,752 | €17,523 | €13,065 | ▼ 25.4% |
| Financial income75/76B | - | - | €94 | €0 | ▼ 99.5% |
| Recurring financial income75 | - | - | €94 | €0 | ▼ 99.5% |
| Financial charges65/66B | €4,746 | €4,688 | €1,730 | €2,773 | ▲ 60.3% |
| Recurring financial charges65 | €4,746 | €4,688 | €1,730 | €2,773 | ▲ 60.3% |
| Profit (loss) for the period before taxes9903 | -€84,997 | €12,064 | €15,887 | €10,293 | ▼ 35.2% |
| Income taxes67/77 | - | €1 | €132 | €290 | ▲ 119% |
| Profit (loss) for the period9904 | -€84,997 | €12,063 | €15,755 | €10,002 | ▼ 36.5% |
| Profit (loss) for the period to be appropriated9905 | -€84,997 | €12,063 | €15,755 | €10,002 | ▼ 36.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €132,169 | €101,167 | €133,294 | €136,295 | ▲ 2.3% |
| Fixed assets21/28 | €79,995 | €70,113 | €96,994 | €63,602 | ▼ 34.4% |
| Intangible fixed assets21 | €54,380 | €48,380 | €42,380 | €36,380 | ▼ 14.2% |
| Tangible fixed assets22/27 | €25,615 | €21,732 | €54,614 | €27,222 | ▼ 50.2% |
| Land and buildings22 | €17,902 | €15,945 | €13,988 | €12,031 | ▼ 14.0% |
| Plant, machinery and equipment23 | €6,542 | €5,015 | €3,487 | €2,268 | ▼ 35.0% |
| Furniture and vehicles24 | €1,171 | €773 | €37,139 | €12,923 | ▼ 65.2% |
| Current assets29/58 | €52,174 | €31,054 | €36,299 | €72,693 | ▲ 100% |
| Stocks and contracts in progress3 | - | €15,347 | €5,856 | €5,856 | = |
| Stocks30/36 | - | €15,347 | €5,856 | €5,856 | = |
| Amounts receivable within one year40/41 | €35,351 | - | €9,049 | €46,873 | ▲ 418% |
| Trade receivables40 | €20,728 | - | - | €12,000 | - |
| Other amounts receivable41 | €14,623 | - | €9,049 | €34,873 | ▲ 285% |
| Cash at bank and in hand54/58 | €16,823 | €15,707 | €19,084 | €17,888 | ▼ 6.3% |
| Deferred charges and accrued income490/1 | - | - | €2,310 | €2,076 | ▼ 10.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €132,169 | €101,167 | €133,294 | €136,295 | ▲ 2.3% |
| Equity10/15 | -€84,997 | -€72,934 | -€53,179 | -€43,177 | ▲ 18.8% |
| Contributions10/11 | - | - | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€84,997 | -€72,934 | -€57,179 | -€47,177 | ▲ 17.5% |
| Amounts payable17/49 | €217,166 | €174,101 | €186,473 | €179,472 | ▼ 3.8% |
| Amounts payable after more than one year17 | - | - | €24,279 | €18,235 | ▼ 24.9% |
| Financial debts170/4 | - | - | €24,279 | €18,235 | ▼ 24.9% |
| Amounts payable within one year42/48 | €217,166 | €174,101 | €155,893 | €154,934 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €5,547 | €6,043 | ▲ 8.9% |
| Trade debts44 | €79,788 | €83,024 | €14,708 | €26,296 | ▲ 78.8% |
| Suppliers440/4 | €79,788 | €83,024 | €14,708 | €26,296 | ▲ 78.8% |
| Taxes, remuneration and social security45 | €22,505 | €33,346 | €28,686 | €50,457 | ▲ 75.9% |
| Taxes450/3 | €483 | €13,592 | €16,062 | €18,203 | ▲ 13.3% |
| Remuneration and social security454/9 | €22,022 | €19,754 | €12,624 | €32,254 | ▲ 155% |
| Other amounts payable47/48 | €114,873 | €57,731 | €106,952 | €72,138 | ▼ 32.6% |
| Accrued charges and deferred income492/3 | - | - | €6,302 | €6,302 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€84,997 | €12,063 | €15,755 | €10,002 | ▼ 36.5% |
| + Depreciation and write-downs630 | €8,405 | €9,882 | €14,124 | €13,137 | ▼ 7.0% |
| Operating cash flow (approximation) | -€76,592 | €21,945 | €29,879 | €23,139 | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | €0 | -€41,006 | €20,255 | - |
| Change in cash | - | -€1,116 | €3,377 | -€1,196 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.