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Private limited company (pre-2019)founded 2011KBO/BCE: BE 0837.448.312

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Financials · financial year 2024, micro format

2024 annual accounts filed 56 days after the deadline Filed on 25 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00502734.

Annual accounts 2024 filed on 25-09-2025 PDF all 13 filings

Turnover

≈ €86,000

Estimated: probably between €54,000 and €160,000

Total assets

€52,096▼ 73.5%

2023 · €196,320

Net result

€7,005

2023 · -€19,169

Working capital

€7,815

2023 · -€3,090

Multi-year overview

2018 to 2024, 7 financial years

Operating result

€2,135

2024

20182024

Net result

€7,005

2024

middle half of the sector

20182024

Equity

€39,129

▲ 21.8% 2024

middle half of the sector

20182024

Total assets

€52,096

▼ 73.5% 2024

lowest quarter of the sector

20182024

Debt

€12,967

▼ 92.1% 2024

20182024

Working capital

€7,815

2024

middle half of the sector

20182024

Solvency

75.1%

▲ 58.7pp 2024

highest quarter of the sector

20182024

Current ratio

1.60

▲ 0.63 2024

middle half of the sector

20182024

Return on assets (ROA)

13.4%

▲ 23.2pp 2024

middle half of the sector

20182024

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line2018201920202021202220232024

Operating result€3,022-€11,847▲ 292%€17,199▲ 45.2%€6,644▼ 61.4%-€4,547-€12,908▼ 184%€2,135

Net result-€2,735-€754€12,573▲ 17×-€1,223-€3,511▼ 187%-€19,169▼ 446%€7,005

Equity€42,699-€43,453▲ 1.8%€56,027▲ 28.9%€54,804▼ 2.2%€51,293▼ 6.4%€32,123▼ 37.4%€39,129▲ 21.8%

Total assets€253,383-€205,963▼ 18.7%€202,703▼ 1.6%€164,730▼ 18.7%€201,268▲ 22.2%€196,320▼ 2.5%€52,096▼ 73.5%

Debt€210,684-€162,510▼ 22.9%€146,677▼ 9.7%€109,927▼ 25.1%€149,976▲ 36.4%€164,197▲ 9.5%€12,967▼ 92.1%

Working capital€8,233-€23,680▲ 188%€37,498▲ 58.4%€52,137▲ 39.0%€14,445▼ 72.3%-€3,090€7,815

Solvency16.9%-21.1%▲ 4.2pp27.6%▲ 6.5pp33.3%▲ 5.6pp25.5%▼ 7.8pp16.4%▼ 9.1pp75.1%▲ 58.7pp

Current ratio1.10-1.34▲ 0.241.57▲ 0.231.97▲ 0.401.24▼ 0.740.97▼ 0.261.60▲ 0.63

Return on assets (ROA)-1.1%-0.4%▲ 1.4pp6.2%▲ 5.8pp-0.7%▼ 6.9pp-1.7%▼ 1.0pp-9.8%▼ 8.0pp13.4%▲ 23.2pp

above within below The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). 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 operating result for 2024 is a profit of €2,135, after a loss of €12,908 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 €52,096

60.1%

39.9%

Fixed assets €31,314 ▼ 65.1%

Current assets €20,782 ▼ 80.5%

Equity and liabilities €52,096

75.1%

24.9%

Equity €39,129 ▲ 21.8%

Debt €12,967 ▼ 92.1%

Debt's share of the balance-sheet total falls from 83.6% to 24.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€10,168▼

2023 · €23,101

Cash flow

€15,038▼

2023 · €16,840

Debt to equity

0.33▼

2023 · 5.11

ROE

17.9%▲

2023 · -59.7%

Interest coverage

10.12▲

2023 · 7.30

Debt ≤ 1 year

€12,967▼

2023 · €109,737

Income taxes

-€4,314▼

2023 · €5,000

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired

Item	2021	2022	2023	2024
Tangible fixed assets	€8,600	€122,815	-	€26,097
Depreciation and write-downs of the year	€49,486	€56,113	€36,009	€8,032

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines

Balance sheet Code20232024

Assets

Total assets20/58€196,320€52,096▼

Fixed assets21/28€89,674€31,314▼

Tangible fixed assets22/27€89,674€31,314▼

Plant, machinery and equipment23€1,845€1,670▼

Furniture and vehicles24€87,829€29,644▼

Current assets29/58€106,647€20,782▼

Stocks and contracts in progress3€28,160-

Stocks30/36€8,160-

Contracts in progress37€20,000-

Amounts receivable within one year40/41€53,750€13,606▼

Trade receivables40€43,369€12,518▼

Other amounts receivable41€10,381€1,089▼

Cash at bank and in hand54/58€24,736€5,671▼

Deferred charges and accrued income490/1-€1,505

Equity and liabilities

Total equity and liabilities10/49€196,320€52,096▼

Equity10/15€32,123€39,129▲

Contributions10/11€20,000€20,000=

Reserves13€24,121€24,121=

Non-distributable reserves130/1€1,206€1,206=

Reserves not available under the articles1311€1,206€1,206=

Distributable reserves133€22,915€22,915=

Profit (loss) carried forward14-€11,997-€4,992▲

Amounts payable17/49€164,197€12,967▼

Amounts payable after more than one year17€52,439-

Financial debts170/4€52,439-

Amounts payable within one year42/48€109,737€12,967▼

Current portion of amounts payable after more than one year42€37,940-

Trade debts44€42,885€1,124▼

Suppliers440/4€42,885€1,124▼

Other amounts payable47/48€28,911€11,843▼

Accrued charges and deferred income492/3€2,021-

Income statement Code20232024

Non-recurring operating income76A-€61,162

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,009€8,032▼

Other operating charges640/8€3,461€1,111▼

Gross operating margin9900€26,563€11,279▼

Operating profit (loss)9901-€12,908€2,135▲

Financial income75/76B€1,905€1,561▼

Recurring financial income75€1,905€1,561▼

Financial charges65/66B€3,166€1,005▼

Recurring financial charges65€3,166€1,005▼

Profit (loss) for the period before taxes9903-€14,169€2,692▲

Income taxes67/77€5,000-€4,314▼

Profit (loss) for the period9904-€19,169€7,005▲

Profit (loss) for the period to be appropriated9905-€19,169€7,005▲

Appropriation of the result

Profit (loss) to be appropriated9906-€11,997-€4,992▲

Profit (loss) brought forward from the previous period14P€7,172-€11,997▼

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 25-09-2025.

Line	2018	2019	2020	2021	2022	2023	2024	Change
Non-recurring operating income76A	-	-	-	-	-	-	€61,162	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€60,295	€56,610	€53,464	€49,486	€56,113	€36,009	€8,032	▼ 77.7%
Other operating charges640/8	-	-	-	€1,853	€2,472	€3,461	€1,111	▼ 67.9%
Gross operating margin9900	€75,313	€70,029	€72,318	€57,983	€54,038	€26,563	€11,279	▼ 57.5%
Operating profit (loss)9901	€3,022	€11,847	€17,199	€6,644	-€4,547	-€12,908	€2,135	-
Financial income75/76B	-	-	-	-	€1,125	€1,905	€1,561	▼ 18.1%
Recurring financial income75	€110	-	-	-	€1,125	€1,905	€1,561	▼ 18.1%
Financial charges65/66B	-	-	-	€2,867	€2,769	€3,166	€1,005	▼ 68.3%
Recurring financial charges65	€5,700	€4,156	€4,156	€2,867	€2,769	€3,166	€1,005	▼ 68.3%
Profit (loss) for the period before taxes9903	-€2,568	€7,691	€13,043	€3,777	-€6,191	-€14,169	€2,692	-
Income taxes67/77	€167	€6,937	€470	€5,000	-€2,680	€5,000	-€4,314	-
Profit (loss) for the period9904	-€2,735	€754	€12,573	-€1,223	-€3,511	-€19,169	€7,005	-
Profit (loss) for the period to be appropriated9905	-€2,735	€754	€12,573	-€1,223	-€3,511	-€19,169	€7,005	-

Line	2018	2019	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€253,383	€205,963	€202,703	€164,730	€201,268	€196,320	€52,096	▼ 73.5%
Fixed assets21/28	€166,220	€113,154	€99,868	€58,982	€125,683	€89,674	€31,314	▼ 65.1%
Tangible fixed assets22/27	€166,220	€113,154	€99,868	€58,982	€125,683	€89,674	€31,314	▼ 65.1%
Plant, machinery and equipment23	-	-	-	€3,096	€2,981	€1,845	€1,670	▼ 9.5%
Furniture and vehicles24	-	-	-	€55,886	€122,702	€87,829	€29,644	▼ 66.2%
Current assets29/58	€87,163	€92,809	€102,836	€105,749	€75,585	€106,647	€20,782	▼ 80.5%
Stocks and contracts in progress3	€8,965	€8,542	€4,992	€49,250	€36,975	€28,160	-	-
Stocks30/36	-	-	-	€12,750	€11,975	€8,160	-	-
Contracts in progress37	-	-	-	€36,500	€25,000	€20,000	-	-
Amounts receivable within one year40/41	€41,029	€40,183	€19,356	€44,040	€30,123	€53,750	€13,606	▼ 74.7%
Trade receivables40	-	-	-	€39,282	€22,789	€43,369	€12,518	▼ 71.1%
Other amounts receivable41	-	-	-	€4,758	€7,335	€10,381	€1,089	▼ 89.5%
Cash at bank and in hand54/58	€12,168	€21,084	€28,987	€12,459	€8,487	€24,736	€5,671	▼ 77.1%
Deferred charges and accrued income490/1	-	-	-	-	-	-	€1,505	-
Equity and liabilities
Total equity and liabilities10/49	€253,383	€205,963	€202,703	€164,730	€201,268	€196,320	€52,096	▼ 73.5%
Equity10/15	€42,699	€43,453	€56,027	€54,804	€51,293	€32,123	€39,129	▲ 21.8%
Contributions10/11	€20,000	€20,000	-	€20,000	€20,000	€20,000	€20,000	=
Reserves13	€24,121	€24,121	€24,121	€24,121	€24,121	€24,121	€24,121	=
Non-distributable reserves130/1	-	-	-	€1,206	€1,206	€1,206	€1,206	=
Reserves not available under the articles1311	-	-	-	€1,206	€1,206	€1,206	€1,206	=
Distributable reserves133	-	-	-	€22,915	€22,915	€22,915	€22,915	=
Profit (loss) carried forward14	-€1,422	-€667	€11,906	€10,683	€7,172	-€11,997	-€4,992	▲ 58.4%
Amounts payable17/49	€210,684	€162,510	€146,677	€109,927	€149,976	€164,197	€12,967	▼ 92.1%
Amounts payable after more than one year17	€131,754	€93,380	€81,339	€56,314	€88,835	€52,439	-	-
Financial debts170/4	-	-	-	€56,314	€88,835	€52,439	-	-
Amounts payable within one year42/48	€78,930	€69,130	€65,338	€53,612	€61,140	€109,737	€12,967	▼ 88.2%
Current portion of amounts payable after more than one year42	-	-	-	€26,351	€37,201	€37,940	-	-
Financial debts43	-	-	-	€1,680	-	-	-	-
Credit institutions430/8	-	-	-	€1,680	-	-	-	-
Trade debts44	€31,252	€19,614	€22,023	€25,582	€528	€42,885	€1,124	▼ 97.4%
Suppliers440/4	-	-	-	€25,582	€528	€42,885	€1,124	▼ 97.4%
Other amounts payable47/48	-	-	-	-	€23,411	€28,911	€11,843	▼ 59.0%
Accrued charges and deferred income492/3	-	-	-	-	-	€2,021	-	-

Line	2018	2019	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	-€2,735	€754	€12,573	-€1,223	-€3,511	-€19,169	€7,005	-
+ Depreciation and write-downs630	€60,295	€56,610	€53,464	€49,486	€56,113	€36,009	€8,032	▼ 77.7%
Operating cash flow (approximation)	€57,560	€57,364	€66,038	€48,263	€52,602	€16,840	€15,038	▼ 10.7%
Investment in fixed assets (approximation)	-	-€3,543	-€40,178	-€8,600	-€122,815	€0	€50,328	-
Change in cash	-	€8,916	€7,903	-€16,528	-€3,972	€16,249	-€19,065	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 13 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	25-09-2025	2025-00502734	PDF
31-12-2023	micro format	19-08-2024	2024-00349433	PDF
31-12-2022	micro format	21-09-2023	2023-00450138	PDF
31-12-2021	micro format	20-07-2022	2022-20213786	PDF
31-12-2020	micro format	31-08-2021	2021-62400308	PDF
31-12-2019	micro format	28-07-2020	2020-36100371	PDF
31-12-2018	micro format	26-07-2019	2019-39300288	PDF
31-12-2017	micro format	31-08-2018	2018-60700506	PDF
31-12-2016	micro format	30-08-2017	2017-55500206	PDF
31-12-2015	abbreviated format	14-07-2016	2016-31700266	PDF

Show all 13 filings