DAVID
Open bankruptcyFinancials · financial year 2024, micro format
Equity
€24,986
2023 · -€249,676
Total assets
€268,957▲ 340%
2023 · €61,179
Net result
€274,662▲ 83.5%
2023 · €149,658
Working capital
€120,298
2023 · -€249,676
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 82% above 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€275,117
2024
Net result€274,662
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€268,957
2024
Equity€24,986
2024
Debt€243,971
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€120,298
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)102.1%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.3%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.84
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€34,922--€468,413-€5,327▲ 98.9%-€6,716▼ 26.1%€57,752€151,441▲ 162%€275,117▲ 81.7%
Net result€34,902--€469,241-€6,678below the sector's middle half▲ 98.6%-€17,308below the sector's middle half▼ 159%€56,822above the sector's middle half€149,658above the sector's middle half▲ 163%€274,662above the sector's middle half▲ 83.5%
Equity€37,072--€432,169-€438,848below the sector's middle half▼ 1.5%-€456,156below the sector's middle half▼ 3.9%-€399,334below the sector's middle half▲ 12.5%-€249,676below the sector's middle half▲ 37.5%€24,986within the sector's middle half
Total assets€93,616-€30,411▼ 67.5%€35,694below the sector's middle half▲ 17.4%€28,932below the sector's middle half▼ 18.9%€24,642below the sector's middle half▼ 14.8%€61,179within the sector's middle half▲ 148%€268,957within the sector's middle half▲ 340%
Debt€56,544-€462,581▲ 718%€474,542▲ 2.6%€485,088▲ 2.2%€423,976▼ 12.6%€310,856▼ 26.7%€243,971▼ 21.5%
Working capital€37,072--€162,169-€438,848below the sector's middle half▼ 171%-€456,156below the sector's middle half▼ 3.9%-€399,334below the sector's middle half▲ 12.5%-€249,676below the sector's middle half▲ 37.5%€120,298above the sector's middle half
Solvency39.6%--408.1%below the sector's middle half9.3%below the sector's middle half▲ 417.4pp
Current ratio1.66-0.16▼ 1.500.08below the sector's middle half▼ 0.080.06below the sector's middle half▼ 0.020.06below the sector's middle half=0.20below the sector's middle half▲ 0.141.84within the sector's middle half▲ 1.64
Return on assets (ROA)37.3%--18.7%below the sector's middle half-59.8%below the sector's middle half▼ 41.1pp230.6%above the sector's middle half▲ 290.4pp244.6%above the sector's middle half▲ 14.0pp102.1%above the sector's middle half▼ 142.5pp
above
within
below
the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
Assets €268,957
Fixed assets
€4,688
Current assets
€264,269
Equity and liabilities €268,957
Equity
€24,986
Debt
€243,971
Debt finances 90.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€275,650
Cash flow
€275,196
Debt to equity
9.76
Interest coverage
over 100
Debt ≤ 1 year
€143,971▼
2023 · €310,856
Debt > 1 year
€100,000
Income taxes
€360▼
2023 · €376
A ratio outside any meaningful range has been withheld (balance sheet total €268,957, equity €24,986).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €534 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | -€407,566 | €0 | - |
| Other operating charges640/8 | - | - | - | €4,883 | €2,225 | €410,260 | €1,416 | ▼ 99.7% |
| Gross operating margin9900 | €35,903 | -€7,684 | -€5,327 | -€1,833 | €59,977 | €154,135 | €277,066 | ▲ 79.8% |
| Operating profit (loss)9901 | €34,922 | -€468,413 | -€5,327 | -€6,716 | €57,752 | €151,441 | €275,117 | ▲ 81.7% |
| Financial income75/76B | - | - | - | €0 | €32 | €0 | €5 | - |
| Recurring financial income75 | €346 | €118 | €173 | €0 | €32 | €0 | €5 | - |
| Financial charges65/66B | - | - | - | €10,593 | €745 | €1,407 | €99 | ▼ 93.0% |
| Recurring financial charges65 | €367 | €946 | €1,524 | €10,593 | €745 | €1,407 | €99 | ▼ 93.0% |
| Profit (loss) for the period before taxes9903 | €34,902 | -€469,241 | -€6,678 | -€17,308 | €57,039 | €150,034 | €275,022 | ▲ 83.3% |
| Income taxes67/77 | - | - | - | - | €217 | €376 | €360 | ▼ 4.3% |
| Profit (loss) for the period9904 | €34,902 | -€469,241 | -€6,678 | -€17,308 | €56,822 | €149,658 | €274,662 | ▲ 83.5% |
| Profit (loss) for the period to be appropriated9905 | €34,902 | -€469,241 | -€6,678 | -€17,308 | €56,822 | €149,658 | €274,662 | ▲ 83.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €93,616 | €30,411 | €35,694 | €28,932 | €24,642 | €61,179 | €268,957 | ▲ 340% |
| Fixed assets21/28 | - | - | - | - | - | - | €4,688 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €4,688 | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | €4,688 | - |
| Current assets29/58 | €93,616 | €30,411 | €35,694 | €28,932 | €24,642 | €61,179 | €264,269 | ▲ 332% |
| Amounts receivable within one year40/41 | €84,800 | €29,779 | €35,678 | €28,906 | €19,729 | €46,792 | €259,511 | ▲ 455% |
| Trade receivables40 | - | - | - | €28,314 | €19,729 | €45,450 | €259,076 | ▲ 470% |
| Other amounts receivable41 | - | - | - | €592 | €0 | €1,342 | €435 | ▼ 67.5% |
| Cash at bank and in hand54/58 | €8,816 | €633 | €16 | €26 | €2,680 | €13,221 | €4,180 | ▼ 68.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,233 | €1,167 | €577 | ▼ 50.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €93,616 | €30,411 | €35,694 | €28,932 | €24,642 | €61,179 | €268,957 | ▲ 340% |
| Equity10/15 | €37,072 | -€432,169 | -€438,848 | -€456,156 | -€399,334 | -€249,676 | €24,986 | - |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | - | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Profit (loss) carried forward14 | -€25,428 | -€494,669 | -€501,348 | -€518,656 | -€461,834 | -€312,176 | -€37,514 | ▲ 88.0% |
| Amounts payable17/49 | €56,544 | €462,581 | €474,542 | €485,088 | €423,976 | €310,856 | €243,971 | ▼ 21.5% |
| Amounts payable after more than one year17 | - | €270,000 | €0 | - | - | - | €100,000 | - |
| Financial debts170/4 | - | - | - | - | - | - | €100,000 | - |
| Amounts payable within one year42/48 | €56,544 | €192,581 | €474,542 | €485,088 | €423,976 | €310,856 | €143,971 | ▼ 53.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €24,147 | €10,720 | €3,021 | €5,711 | €6,375 | €63,057 | €119,240 | ▲ 89.1% |
| Suppliers440/4 | - | - | - | €5,711 | €6,375 | €63,057 | €119,240 | ▲ 89.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €14,583 | €376 | €736 | ▲ 95.7% |
| Taxes450/3 | - | - | - | - | €14,583 | €376 | €736 | ▲ 95.7% |
| Other amounts payable47/48 | - | - | - | €479,377 | €403,019 | €247,423 | €23,994 | ▼ 90.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,902 | -€469,241 | -€6,678 | -€17,308 | €56,822 | €149,658 | €274,662 | ▲ 83.5% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €534 | - |
| Operating cash flow (approximation) | €34,902 | -€469,241 | -€6,678 | -€17,308 | €56,822 | €149,658 | €275,196 | ▲ 83.9% |
| Change in cash | - | -€8,183 | -€617 | €10 | €2,654 | €10,541 | -€9,040 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 17-03-2025 | 2025-00048539 |
| 31-12-2023 | micro format | 02-04-2024 | 2024-00053995 |
| 31-12-2022 | micro format | 31-05-2023 | 2023-00099640 |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20187751 |
| 31-12-2020 | micro format | 04-02-2022 | 2022-04800019 |
| 31-12-2019 | micro format | 13-11-2020 | 2020-70500091 |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-42000212 |
| 31-12-2017 | abbreviated format | 13-09-2018 | 2018-63200201 |
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Of the 9,792 active companies whose main activity is advertising agencies (NACE 73110), figures are known for 3,828. 2,787 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.