DCarnoy
InactiveFinancials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.5m▲ 271%
2024 · €936,285
Working capital
€14.6m▲ 31.3%
2024 · €11.1m
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €42,060 in 2025 against €42,740 in 2024; the loss shrinks.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€0.04m
2025
Net result€3.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€14.6m
2025
Equity€14.6m
2025
Debt€0.007m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€14.6m
2025
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)23.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency100.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio20.65
2023
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m--€0.2m-€0.2m▲ 2.8%-€0.2m▼ 9.1%-€0.1m▲ 31.7%-€0.07m▲ 40.9%-€0.04m▲ 41.1%-€0.04m▲ 1.6%
Net result€0.9m-€0.9m▼ 2.2%€0.3mabove the sector's middle half▼ 65.8%-€1.0mbelow the sector's middle half€8.2mabove the sector's middle half€0.4mabove the sector's middle half▼ 95.6%€0.9mabove the sector's middle half▲ 160%€3.5mabove the sector's middle half▲ 271%
Equity€7.4m-€8.3m▲ 12.2%€8.6mabove the sector's middle half▲ 3.7%€6.9mabove the sector's middle half▼ 19.8%€9.9mabove the sector's middle half▲ 42.4%€10.2mabove the sector's middle half▲ 3.7%€11.1mabove the sector's middle half▲ 9.2%€14.6mabove the sector's middle half▲ 31.1%
Total assets€27.4m-€28.3m▲ 3.3%€13.7mabove the sector's middle half▼ 51.8%€6.9mabove the sector's middle half▼ 49.3%€10.4mabove the sector's middle half▲ 49.8%€10.7mabove the sector's middle half▲ 3.5%€11.1mabove the sector's middle half▲ 3.9%€14.6mabove the sector's middle half▲ 31.2%
Debt€20.0m-€20.0m=€5.0m▼ 74.9%€0.008m▼ 99.8%€0.5m▲ 6,628%€0.5m▼ 0.3%€153▼ 100.0%€0.007m▲ 4,384%
Working capital€6.7m-€7.8m▲ 15.3%€8.4mabove the sector's middle half▲ 8.1%€6.9mabove the sector's middle half▼ 17.6%€9.8mabove the sector's middle half▲ 42.4%€10.2mabove the sector's middle half▲ 3.6%€11.1mabove the sector's middle half▲ 9.2%€14.6mabove the sector's middle half▲ 31.3%
Solvency27.0%-29.4%▲ 2.3pp63.2%within the sector's middle half▲ 33.8pp99.9%above the sector's middle half▲ 36.7pp95.0%above the sector's middle half▼ 4.9pp95.2%above the sector's middle half▲ 0.2pp100.0%above the sector's middle half▲ 4.8pp100.0%above the sector's middle half=
Current ratio1.34-1.39▲ 0.052.67within the sector's middle half▲ 1.2819.97above the sector's middle half20.65above the sector's middle half▲ 0.68
Return on assets (ROA)3.4%-3.2%▼ 0.2pp2.3%within the sector's middle half▼ 0.9pp-13.9%below the sector's middle half▼ 16.1pp78.7%above the sector's middle half▲ 92.6pp3.4%within the sector's middle half▼ 75.4pp8.4%within the sector's middle half▲ 5.0pp23.7%above the sector's middle half▲ 15.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +271% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14.6m
Equity
€14.6m ▲ 31.1%
Debt
€6,860 ▲ 4,384%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
Debt to equity
0.00▲
2024 · 0.00
ROE
23.7%▲
2024 · 8.4%
Debt ≤ 1 year
€6,860▲
2024 · €153
Income taxes
€353,823▲
2024 · €94,004
A ratio outside any meaningful range has been withheld (balance sheet total €14.6m, equity €14.6m).
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €264 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.01m | €0.008m | €0.002m | €0.002m | €124 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.1m | €0.04m | €0.02m | €0.02m | €0.02m | ▼ 14.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.009m | - |
| Gross operating margin9900 | €0.4m | -€0.08m | -€0.07m | -€0.07m | -€0.08m | -€0.05m | -€0.02m | -€0.02m | ▲ 31.7% |
| Operating profit (loss)9901 | €0.4m | -€0.2m | -€0.2m | -€0.2m | -€0.1m | -€0.07m | -€0.04m | -€0.04m | ▲ 1.6% |
| Financial income75/76B | - | - | - | €0.9m | €9.0m | €0.5m | €1.2m | €3.9m | ▲ 219% |
| Recurring financial income75 | €0.8m | €1.2m | €2.3m | €0.9m | €9.0m | €0.5m | €1.2m | €3.9m | ▲ 219% |
| Financial charges65/66B | - | - | - | €1.7m | €0.02m | €0.01m | €0.2m | €0.04m | ▼ 71.8% |
| Recurring financial charges65 | €0.05m | €0.01m | €1.8m | €1.7m | €0.02m | €0.01m | €0.2m | €0.04m | ▼ 71.8% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.0m | €0.4m | -€0.9m | €8.9m | €0.4m | €1.0m | €3.8m | ▲ 271% |
| Income taxes67/77 | €0.2m | €0.1m | €0.05m | €0.01m | €0.7m | €0.03m | €0.09m | €0.4m | ▲ 276% |
| Profit (loss) for the period9904 | €0.9m | €0.9m | €0.3m | -€1.0m | €8.2m | €0.4m | €0.9m | €3.5m | ▲ 271% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.05m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €0.9m | €0.3m | -€0.9m | €8.2m | €0.4m | €0.9m | €3.5m | ▲ 271% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €27.4m | €28.3m | €13.7m | €6.9m | €10.4m | €10.7m | €11.1m | €14.6m | ▲ 31.2% |
| Fixed assets21/28 | €0.7m | €0.6m | €0.2m | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.004m | €0.002m | €124 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.002m | €124 | - | - | - | - |
| Financial fixed assets28 | €0.7m | €0.6m | €0.2m | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Current assets29/58 | €26.7m | €27.8m | €13.4m | €6.9m | €10.4m | €10.7m | €11.1m | €14.6m | ▲ 31.3% |
| Amounts receivable within one year40/41 | €0.04m | €0.08m | €0.07m | €0.1m | €0.002m | €0.05m | €0.06m | €0.02m | ▼ 69.5% |
| Trade receivables40 | - | - | - | - | - | - | - | €21 | - |
| Other amounts receivable41 | - | - | - | €0.1m | €0.002m | €0.05m | €0.06m | €0.02m | ▼ 69.5% |
| Current investments50/53 | €26.1m | €26.0m | €12.7m | €5.0m | €10.2m | €10.4m | €10.8m | €14.5m | ▲ 33.8% |
| Cash at bank and in hand54/58 | €0.6m | €1.7m | €0.6m | €1.7m | €0.2m | €0.2m | €0.2m | €0.08m | ▼ 64.4% |
| Deferred charges and accrued income490/1 | - | - | - | €222 | €379 | €256 | €267 | €0.02m | ▲ 8,661% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €27.4m | €28.3m | €13.7m | €6.9m | €10.4m | €10.7m | €11.1m | €14.6m | ▲ 31.2% |
| Equity10/15 | €7.4m | €8.3m | €8.6m | €6.9m | €9.9m | €10.2m | €11.1m | €14.6m | ▲ 31.1% |
| Contributions10/11 | €5.1m | €5.1m | €5.1m | €5.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Outside capital11 | - | - | - | €5.1m | - | - | - | - | - |
| Other1109/19 | - | - | - | €5.1m | - | - | - | - | - |
| Reserves13 | €2.3m | €3.2m | €3.5m | €2.7m | €9.7m | €10.1m | €11.0m | €14.5m | ▲ 31.5% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.1m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €2.6m | €9.7m | €10.1m | €11.0m | €14.5m | ▲ 31.5% |
| Profit (loss) carried forward14 | - | - | - | -€0.9m | - | - | - | - | - |
| Amounts payable17/49 | €20.0m | €20.0m | €5.0m | €0.008m | €0.5m | €0.5m | €153 | €0.007m | ▲ 4,384% |
| Amounts payable within one year42/48 | €20.0m | €20.0m | €5.0m | €0.003m | €0.5m | €0.5m | €153 | €0.007m | ▲ 4,384% |
| Trade debts44 | €0.001m | €0.001m | €0.003m | €0.003m | €0.002m | €0.001m | €153 | - | - |
| Suppliers440/4 | - | - | - | €0.003m | €0.002m | €0.001m | €153 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.5m | €0.5m | - | €0.007m | - |
| Taxes450/3 | - | - | - | - | €0.5m | €0.5m | - | €0.007m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.002m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.9m | €0.3m | -€1.0m | €8.2m | €0.4m | €0.9m | €3.5m | ▲ 271% |
| + Depreciation and write-downs630 | €0.03m | €0.01m | €0.008m | €0.002m | €0.002m | €124 | - | - | - |
| Operating cash flow (approximation) | €1.0m | €0.9m | €0.3m | -€1.0m | €8.2m | €0.4m | €0.9m | €3.5m | ▲ 271% |
| Investment in fixed assets (approximation) | - | €0.1m | €0.3m | €0.2m | €0 | €0 | €0 | - | - |
| Change in cash | - | €1.1m | -€1.1m | €1.1m | -€1.6m | €0.08m | -€0.008m | -€0.2m | ▼ 1,815% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 82,671 companies in this sector we hold annual accounts for 54,242. 5,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector