DE GHELDERE
Dissolution or liquidationFinancials · fiscal year 2025, abbreviated schema
Equity
€184,987▼ 73.5%
2024 · €698,483
Total assets
€194,607▼ 80.0%
2024 · €973,991
Net result
-€13,666
2024 · €536,564
Working capital
€188,155▼ 73.0%
2024 · €696,819
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result turns negative in 2025: a loss of €13,568 after €787,098 in 2024, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2025
Net result-€0.01m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.2m
2025
Equity€0.2m
2025
Debt€0.01m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.04m-€0.06m▲ 56.9%€0.05m▼ 7.2%€1.2m▲ 2,208%€0.001m▼ 99.9%-€0.003m€0.8m-€0.01m
Net result€0.05m-€0.05m▲ 2.9%€0.05m▲ 1.1%€0.8m▲ 1,399%€0.02m▼ 97.6%€128▼ 99.3%€0.5m▲ 417,557%-€0.01m
Equity€0.7m-€0.8m▲ 7.8%€0.8m▲ 7.3%€1.6m▲ 102%€1.6m▲ 1.2%€0.2m▼ 90.2%€0.7m▲ 331%€0.2m▼ 73.5%
Total assets€0.8m-€0.9m▲ 6.4%€0.9m▲ 5.6%€1.8m▲ 90.9%€1.8m▲ 1.8%€0.3m▼ 82.3%€1.0m▲ 202%€0.2m▼ 80.0%
Debt€0.1m-€0.1m▼ 0.6%€0.1m▼ 3.8%€0.2m▲ 22.5%€0.2m▲ 8.5%€0.2m▼ 5.4%€0.3m▲ 71.3%€0.01m▼ 96.5%
Working capital€0.6m-€0.7m▲ 9.7%€0.7m▲ 8.7%€1.6m▲ 119%€1.7m▲ 1.6%€0.2m▼ 89.0%€0.7m▲ 280%€0.2m▼ 73.0%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +417,557% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194,607
Fixed assets
€832 ▼ 50.0%
Current assets
€193,775 ▼ 80.1%
Equity and liabilities €194,607
Equity
€184,987 ▼ 73.5%
Debt
€9,620 ▼ 96.5%
Debt's share of the balance-sheet total falls from 28.3% to 4.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€12,736▼
2024 · €787,930
Cash flow
-€12,834▼
2024 · €537,396
Current ratio
34.48▲
2024 · 3.53
Debt to equity
0.05▼
2024 · 0.39
ROE
-7.4%▼
2024 · 76.8%
ROA
-7.0%▼
2024 · 55.1%
Interest coverage
-116.20▼
2024 · 5583.01
Debt ≤ 1 year
€5,620▼
2024 · €275,508
Income taxes
€0▼
2024 · €250,408
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0.8m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.006m | €0.006m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other operating charges640/8 | - | - | - | €0.01m | €0.006m | €0.007m | €0.005m | €0.002m | ▼ 50.7% |
| Gross operating margin9900 | €0.06m | €0.08m | €0.07m | €1.2m | €0.008m | €0.005m | €0.8m | -€0.01m | ▼ 101% |
| Operating profit (loss)9901 | €0.04m | €0.06m | €0.05m | €1.2m | €0.001m | -€0.003m | €0.8m | -€0.01m | ▼ 102% |
| Financial income75/76B | - | - | - | €0.02m | €0.03m | €0.004m | €15 | €12 | ▼ 21.8% |
| Recurring financial income75 | €0.02m | €0.03m | €0.03m | €0.02m | €0.03m | €0.004m | €15 | €12 | ▼ 21.8% |
| Financial charges65/66B | - | - | - | €234 | €100 | €86 | €141 | €110 | ▼ 22.3% |
| Recurring financial charges65 | €58 | €91 | €48 | €234 | €100 | €86 | €141 | €110 | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.08m | €0.08m | €1.2m | €0.03m | €163 | €0.8m | -€0.01m | ▼ 102% |
| Income taxes67/77 | €0.006m | €0.03m | €0.03m | €0.4m | €0.008m | €34 | €0.3m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.05m | €0.05m | €0.05m | €0.8m | €0.02m | €128 | €0.5m | -€0.01m | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.05m | €0.05m | €0.8m | €0.02m | €128 | €0.5m | -€0.01m | ▼ 103% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.9m | €0.9m | €1.8m | €1.8m | €0.3m | €1.0m | €0.2m | ▼ 80.0% |
| Fixed assets21/28 | €0.07m | €0.07m | €0.06m | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 50.0% |
| Tangible fixed assets22/27 | €0.07m | €0.07m | €0.06m | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 50.0% |
| Land and buildings22 | - | - | - | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 50.0% |
| Current assets29/58 | €0.8m | €0.8m | €0.9m | €1.8m | €1.8m | €0.3m | €1.0m | €0.2m | ▼ 80.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0 | €0.8m | €3 | ▼ 100.0% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0 | €0.8m | €3 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.5m | €1.4m | €1.4m | €0.3m | €0.1m | €0.2m | ▲ 53.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0 | €129 | €0.001m | ▲ 482% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.9m | €0.9m | €1.8m | €1.8m | €0.3m | €1.0m | €0.2m | ▼ 80.0% |
| Equity10/15 | €0.7m | €0.8m | €0.8m | €1.6m | €1.6m | €0.2m | €0.7m | €0.2m | ▼ 73.5% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | - | €0.02m | €0.08m | €0.9m | €0.9m | €0.9m | €1.5m | €1.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | - | €0.8m | €0.8m | €0.8m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.09m | -€0.03m | - | - | €128 | €128 | -€0.01m | ▼ 10,637% |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | - | €1.5m | €1.5m | €2.0m | ▲ 33.6% |
| Amounts payable17/49 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.01m | ▼ 96.5% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.3m | €0.006m | ▼ 98.0% |
| Trade debts44 | €0.005m | €0.002m | €272 | €0.001m | - | €0.001m | €0.08m | €0.003m | ▼ 96.0% |
| Suppliers440/4 | - | - | - | €0.001m | - | €0.001m | €0.08m | €0.003m | ▼ 96.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €27 | €0.06m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €27 | €0.06m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.002m | ▼ 98.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.02m | €0 | €0.004m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.05m | €0.05m | €0.8m | €0.02m | €128 | €0.5m | -€0.01m | ▼ 103% |
| + Depreciation and write-downs630 | €0.006m | €0.006m | €0.006m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Operating cash flow (approximation) | €0.06m | €0.06m | €0.06m | €0.8m | €0.02m | €0.001m | €0.5m | -€0.01m | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0.05m | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.03m | €0.02m | €0.9m | €0.007m | -€1.1m | -€0.2m | €0.07m | ▲ 135% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.