DC installations
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00429638.
Annual accounts 2024 filed on 29-08-2025 PDF all 36 filings
Turnover
≈ €830,000
Estimated: probably between €560,000 and €1.0m
Total assets
€1.4m▼ 5.2%
2023 · €1.5m
Net result
€290▼ 91.4%
2023 · €3,374
Working capital
€803,512▲ 0.1%
2023 · €802,334
Trend over the years
2019 to 2024, 5 financial years 2018 to 2024, 6 financial years
The operating result for 2024 is 98% higher than in 2023. It is a recovery after the fall in 2023.
Operating result€0.02m
2024
Net result€290
2024
Total assets€1.4m
2024
Equity€0.8m
2024
Debt€0.6m
2024
Working capital€0.8m
2024
Return on assets (ROA)0.0%
2024
Solvency55.4%
2024
Current ratio2.39
2024
Staff (FTE)4.9
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.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202220232024
Operating result€0.2m-€0.03m▼ 83.8%€0.4m▲ 13×€0.04m-€0.01m▼ 77.0%€0.02m▲ 97.5%
Net result€0.1m-€0.004m▼ 97.2%€0.4mabove the sector's middle half▲ 106×€0.03mabove the sector's middle half-€0.003mwithin the sector's middle half▼ 88.9%€290within the sector's middle half▼ 91.4%
Equity€0.3m-€0.4m▲ 1.0%€0.7mabove the sector's middle half▲ 106%€0.8mabove the sector's middle half-€0.8mabove the sector's middle half▲ 0.4%€0.8mabove the sector's middle half=
Total assets€1.5m-€1.4m▼ 6.2%€1.5mabove the sector's middle half▲ 6.9%€1.4mabove the sector's middle half-€1.5mabove the sector's middle half▲ 1.8%€1.4mabove the sector's middle half▼ 5.2%
Debt€1.2m-€1.1m▼ 8.4%€0.8m▼ 26.1%€0.7m-€0.7m▲ 3.3%€0.6m▼ 10.9%
Working capital€0.4m-€0.4m▼ 1.4%€0.8mabove the sector's middle half▲ 103%€0.8mabove the sector's middle half-€0.8mabove the sector's middle half▼ 2.3%€0.8mabove the sector's middle half▲ 0.1%
Solvency23.3%-25.1%▲ 1.8pp48.2%within the sector's middle half▲ 23.1pp53.2%within the sector's middle half-52.5%within the sector's middle half▼ 0.7pp55.4%within the sector's middle half▲ 2.9pp
Current ratio1.41-1.43▲ 0.022.28within the sector's middle half▲ 0.862.35within the sector's middle half-2.23within the sector's middle half▼ 0.132.39within the sector's middle half▲ 0.16
Return on assets (ROA)8.3%-0.2%▼ 8.0pp24.8%above the sector's middle half▲ 24.5pp2.1%within the sector's middle half-0.2%below the sector's middle half▼ 1.9pp0.0%below the sector's middle half▼ 0.2pp
Staff (FTE)11.4-8.5▼ 25.4%6.8above the sector's middle half▼ 20.0%3.9-3.7▼ 5.1%4.9▲ 32.4%
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.
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.
Large changes and their cause
- 2020 Net result +10,534% on 2019. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€16,297 ▼ 14.2%
Current assets
€1.4m ▼ 5.0%
Equity and liabilities €1.4m
Equity
€775,010 =
Debt
€624,460 ▼ 10.9%
Debt's share of the balance-sheet total falls from 47.5% to 44.6%. Debt is lower.
Key figures and ratios
EBITDA
€23,062▲
2023 · €13,002
Cash flow
€2,978▼
2023 · €6,062
Quick ratio
1.48▼
2023 · 1.51
Debt to equity
0.81▼
2023 · 0.90
ROE
0.0%▼
2023 · 0.4%
Interest coverage
1.09▼
2023 · 2.12
Debt ≤ 1 year
€579,660▼
2023 · €654,180
Income taxes
€641▼
2023 · €2,568
Staff costs
€179,007▲
2023 · €178,146
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2020 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 3 | 4 | 4 |
| full-time | 6 | 3 | 3 | 4 |
| part-time | 1 | - | 1 | - |
| in full-time equivalents | 6.5 | 3 | 3.5 | 4 |
| Average over the year, in full-time equivalents | 6.8 | 3.9 | 3.7 | 4.9 |
| On a permanent contract | 7 | 3 | 4 | 4 |
| Joined | 0 | 4 | 1 | - |
| Left | 1 | 4 | 1 | - |
| Training hours | 10 | - | - | - |
Source: social balance sheet in the 2020 to 2024 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €393,234 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €201,928 | €183,809 | €178,146 | €179,007 | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,702 | €18,108 | €18,108 | €2,688 | €2,688 | €2,688 | = |
| Other operating charges640/8 | - | - | €3,889 | €7,348 | €2,465 | €3,274 | ▲ 32.8% |
| Non-recurring operating charges66A | - | - | €54,338 | - | - | €4,100 | - |
| Gross operating margin9900 | €721,670 | €319,790 | €669,346 | €238,771 | €193,612 | €209,443 | ▲ 8.2% |
| Operating profit (loss)9901 | €183,473 | €29,661 | €391,083 | €44,927 | €10,314 | €20,374 | ▲ 97.5% |
| Financial income75/76B | - | - | €20,306 | €1,170 | €1,752 | €1,625 | ▼ 7.3% |
| Recurring financial income75 | €362 | €5,904 | €20,306 | €1,170 | €1,752 | €1,625 | ▼ 7.3% |
| Financial charges65/66B | - | - | €38,911 | €5,918 | €6,124 | €21,068 | ▲ 244% |
| Recurring financial charges65 | €59,297 | €31,912 | €38,911 | €5,918 | €6,124 | €21,068 | ▲ 244% |
| Profit (loss) for the period before taxes9903 | €124,538 | €3,653 | €372,477 | €40,179 | €5,942 | €931 | ▼ 84.3% |
| Income taxes67/77 | €332 | €153 | €249 | €9,822 | €2,568 | €641 | ▼ 75.0% |
| Profit (loss) for the period9904 | €124,206 | €3,500 | €372,228 | €30,357 | €3,374 | €290 | ▼ 91.4% |
| Transfer to tax-exempt reserves689 | - | - | €393,234 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €124,206 | €3,500 | -€21,006 | €30,357 | €3,374 | €290 | ▼ 91.4% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.5m | €1.4m | €1.5m | €1.4m | €1.5m | €1.4m | ▼ 5.2% |
| Fixed assets21/28 | €0.06m | €0.03m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 14.2% |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 14.2% |
| Other tangible fixed assets26 | - | - | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 14.2% |
| Financial fixed assets28 | €0.009m | - | - | - | - | - | - |
| Current assets29/58 | €1.4m | €1.4m | €1.5m | €1.4m | €1.5m | €1.4m | ▼ 5.0% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 11.0% |
| Stocks30/36 | - | - | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 11.0% |
| Amounts receivable within one year40/41 | €0.9m | €0.8m | €0.9m | €0.9m | €1.0m | €0.9m | ▼ 12.9% |
| Trade receivables40 | - | - | €0.9m | €0.9m | €1.0m | €0.8m | ▼ 13.6% |
| Other amounts receivable41 | - | - | - | - | - | €0.007m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.02m | €0.02m | €0.006m | €0.007m | ▲ 13.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.5m | €1.4m | €1.5m | €1.4m | ▼ 5.2% |
| Equity10/15 | €0.3m | €0.4m | €0.7m | €0.8m | €0.8m | €0.8m | = |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.2m | €0.2m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Distributable reserves133 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.03m | -€0.05m | -€0.008m | -€0.005m | -€0.005m | ▲ 5.8% |
| Amounts payable17/49 | €1.2m | €1.1m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 10.9% |
| Amounts payable after more than one year17 | €0.04m | €0.03m | €0.1m | €0.03m | - | - | - |
| Financial debts170/4 | - | - | €0.1m | €0.03m | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €0.7m | €0.6m | €0.7m | €0.6m | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.05m | €0.04m | €0.03m | €0.006m | ▼ 81.8% |
| Financial debts43 | - | - | €0.002m | - | €0.03m | €0.04m | ▲ 30.7% |
| Credit institutions430/8 | - | - | €0.002m | - | €0.03m | €0.04m | ▲ 30.7% |
| Trade debts44 | €0.6m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 8.4% |
| Suppliers440/4 | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 8.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €90 | - |
| Taxes, remuneration and social security45 | - | - | €0.3m | €0.2m | €0.2m | €0.08m | ▼ 50.9% |
| Taxes450/3 | - | - | €0.05m | €0.07m | €0.07m | €0.04m | ▼ 33.7% |
| Remuneration and social security454/9 | - | - | €0.3m | €0.2m | €0.1m | €0.04m | ▼ 62.4% |
| Other amounts payable47/48 | - | - | €0.07m | €0.2m | €0.3m | €0.3m | ▲ 14.5% |
| Accrued charges and deferred income492/3 | - | - | €0.003m | €0.04m | €0.05m | €0.04m | ▼ 3.9% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,206 | €3,500 | €372,228 | €30,357 | €3,374 | €290 | ▼ 91.4% |
| + Depreciation and write-downs630 | €25,702 | €18,108 | €18,108 | €2,688 | €2,688 | €2,688 | = |
| Operating cash flow (approximation) | €149,909 | €21,609 | €390,336 | €33,045 | €6,062 | €2,978 | ▼ 50.9% |
| Investment in fixed assets (approximation) | - | €8,936 | €0 | - | €0 | €0 | - |
| Change in cash | - | -€5,194 | -€7,494 | - | -€13,953 | €759 | - |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00429638 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00394700 | |
| 31-12-2022 | micro format | 29-10-2023 | 2023-00495724 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20348993 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-32500226 | |
| 31-12-2019 | abbreviated format | 22-07-2020 | 2020-32800570 | |
| 31-12-2018 | abbreviated format | 26-08-2019 | 2019-50600077 | |
| 31-12-2017 | abbreviated format | 29-10-2018 | 2018-70700020 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31600333 | |
| 31-12-2015 | abbreviated format | 23-09-2016 | 2016-61000442 |