DE SANT
Dissolved and wound upFinancials · financial year 2024, full format
2024 annual accounts filed 10 days after the deadline Filed on 30 July 2025, deadline 20 July 2025 (7 months after the close on 20 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00352424.
Annual accounts 2024 filed on 30-07-2025 PDF all 42 filings
Turnover
€1.6m▲ 254%
2022 · €456,075
EBIT margin
0.2%▲ 1.0pp
2022 · -0.9%
Net result
€3.6m▲ 2,561×
2023 · €1,421
Working capital
€3.7m▲ 321×
2023 · €11,383
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
-€60,575
2024
20182024
Net result
€3.6m
▲ 2,561×
2024
20182024
EBIT margin
no figure
2024
20182024
Equity
€3.7m
▲ 87×
2024
20182024
Total assets
€4.1m
▲ 737%
2024
20182024
Debt
€439,522
▼ 2.4%
2024
20182024
Working capital
€3.7m
▲ 321×
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.04m€0.5m▲ 13×€1.6m▲ 254%
Operating result-€0.004m--€0.003m▲ 8.1%-€0.003m▲ 3.6%-€0.003m▼ 2.6%-€0.004m▼ 18.0%€0.003m-€0.06m
Net result-€0.004m--€0.004m▲ 8.8%€0.5m-€0.004m-€0.004m▼ 13.8%€0.001m€3.6m▲ 2,561×
EBIT margin-9.4%-0.9%▲ 8.5pp0.2%▲ 1.0pp
Equity€0.03m-€0.02m▼ 14.1%€0.05m▲ 116%€0.05m▼ 7.8%€0.04m▼ 9.6%€0.04m▲ 3.5%€3.7m▲ 87×
Total assets€0.09m-€0.09m▲ 0.8%€0.05m▼ 46.1%€0.1m▲ 147%€0.3m▲ 153%€0.5m▲ 58.1%€4.1m▲ 737%
Debt€0.07m-€0.07m▲ 6.8%€0.001m▼ 99.0%€0.08m▲ 110×€0.3m▲ 247%€0.5m▲ 66.4%€0.4m▼ 2.4%
Working capital-€0.07m--€0.07m▼ 5.7%€0.02m€0.01m▼ 23.9%€0.01m▼ 30.1%€0.01m▲ 16.7%€3.7m▲ 321×
The operating result for 2024 is a loss of €60,575, after a profit of €2,686 in 2023. It is the lowest result since 2020.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.1m
Fixed assets
€30,737 ▼ 1.0%
Current assets
€4.1m ▲ 786%
Equity and liabilities €4.1m
Equity
€3.7m ▲ 87×
Debt
€439,522 ▼ 2.4%
Debt's share of the balance-sheet total falls from 91.4% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€60,273▼
2023 · €2,823
Cash flow
€3.6m▲
2023 · €1,557
Current ratio
9.31▲
2023 · 1.03
Debt to equity
0.12▼
2023 · 10.64
ROE
98.9%▲
2023 · 3.4%
ROA
88.3%▲
2023 · 0.3%
Interest coverage
-103.54▼
2023 · 3.77
Debt ≤ 1 year
€439,522▼
2023 · €450,219
Income taxes
-€517▼
2023 · €517
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 20-12-2024 |
|---|---|---|---|---|
| Intangible fixed assets | €683 | - | - | - |
| Depreciation and write-downs of the year | €108 | €136 | €136 | €302 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
The auditor is Ernst et Young Reviseurs d'Entreprises.
| Item | 2021 | 2022 | 2023 | 20-12-2024 |
|---|---|---|---|---|
| Fee for the audit | €2,257 | €3,500 | €3,675 | - |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.04m | €0.5m | €1.6m | - | - |
| Turnover70 | - | - | - | €0.04m | €0.5m | €1.6m | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €0.001m | - | - |
| Operating charges60/66A | - | - | - | €0.04m | €0.5m | €1.6m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.03m | €0.5m | €1.6m | - | - |
| Purchases600/8 | - | - | - | €0.06m | €0.7m | €1.6m | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.03m | -€0.2m | €0.04m | - | - |
| Services and other goods61 | - | - | - | €0.004m | €0.004m | €0.005m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €108 | €136 | €136 | €302 | ▲ 121% |
| Other operating charges640/8 | - | - | - | €348 | €348 | - | €384 | - |
| Gross operating margin9900 | - | - | - | - | - | - | -€0.06m | - |
| Operating profit (loss)9901 | -€0.004m | -€0.003m | -€0.003m | -€0.003m | -€0.004m | €0.003m | -€0.06m | - |
| Financial income75/76B | - | - | - | - | - | - | €3.7m | - |
| Recurring financial income75 | - | - | €0.5m | - | - | - | €3.7m | - |
| Financial charges65/66B | - | - | - | €438 | €358 | €0.001m | €0.001m | ▼ 22.2% |
| Recurring financial charges65 | €372 | €316 | €382 | €438 | €358 | €0.001m | €0.001m | ▼ 22.2% |
| Other financial charges652/9 | - | - | - | €438 | €358 | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.004m | -€0.004m | €0.5m | -€0.004m | -€0.004m | €0.002m | €3.6m | ▲ 1,877× |
| Income taxes67/77 | - | - | - | - | - | €0.001m | -€0.001m | - |
| Taxes670/3 | - | - | - | - | - | €0.001m | - | - |
| Profit (loss) for the period9904 | -€0.004m | -€0.004m | €0.5m | -€0.004m | -€0.004m | €0.001m | €3.6m | ▲ 2,561× |
| Profit (loss) for the period to be appropriated9905 | -€0.004m | -€0.004m | €0.5m | -€0.004m | -€0.004m | €0.001m | €3.6m | ▲ 2,561× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.09m | €0.09m | €0.05m | €0.1m | €0.3m | €0.5m | €4.1m | ▲ 737% |
| Fixed assets21/28 | €0.09m | €0.09m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 1.0% |
| Intangible fixed assets21 | - | - | - | €0.001m | €439 | €302 | - | - |
| Financial fixed assets28 | €0.09m | €0.09m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Affiliated companies280/1 | - | - | - | €0.03m | €0.03m | €0.03m | - | - |
| Participating interests280 | - | - | - | €0.03m | €0.03m | €0.03m | - | - |
| Current assets29/58 | €29 | €0.001m | €0.02m | €0.09m | €0.3m | €0.5m | €4.1m | ▲ 786% |
| Stocks and contracts in progress3 | - | - | - | €0.03m | €0.3m | €0.3m | - | - |
| Stocks30/36 | - | - | - | €0.03m | €0.3m | €0.3m | - | - |
| Goods purchased for resale34 | - | - | - | €0.03m | €0.3m | €0.3m | - | - |
| Amounts receivable within one year40/41 | - | - | - | €0.06m | €0.01m | €0.1m | €3.7m | ▲ 34× |
| Trade receivables40 | - | - | - | €0.06m | €0.005m | €0.1m | - | - |
| Other amounts receivable41 | - | - | - | €0.001m | €0.009m | €0.005m | €3.7m | ▲ 726× |
| Cash at bank and in hand54/58 | €29 | €0.001m | €0.02m | €0.002m | €0.01m | €0.1m | €0.4m | ▲ 306% |
| Deferred charges and accrued income490/1 | - | - | - | €1 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.09m | €0.09m | €0.05m | €0.1m | €0.3m | €0.5m | €4.1m | ▲ 737% |
| Equity10/15 | €0.03m | €0.02m | €0.05m | €0.05m | €0.04m | €0.04m | €3.7m | ▲ 87× |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.008m | -€0.01m | €0.01m | €0.01m | €0.007m | €0.008m | €3.6m | ▲ 442× |
| Amounts payable17/49 | €0.07m | €0.07m | €0.001m | €0.08m | €0.3m | €0.5m | €0.4m | ▼ 2.4% |
| Amounts payable within one year42/48 | €0.07m | €0.07m | €0.001m | €0.08m | €0.3m | €0.5m | €0.4m | ▼ 2.4% |
| Trade debts44 | €0.002m | €0.001m | €0.001m | €0.02m | €0.01m | €0.1m | - | - |
| Suppliers440/4 | - | - | - | €0.02m | €0.01m | €0.1m | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.001m | - | - |
| Taxes450/3 | - | - | - | - | - | €0.001m | - | - |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.3m | €0.4m | €0.4m | ▲ 24.5% |
| Accrued charges and deferred income492/3 | - | - | - | €15 | €15 | €90 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.004m | -€0.004m | €0.5m | -€0.004m | -€0.004m | €0.001m | €3.6m | ▲ 2,561× |
| + Depreciation and write-downs630 | - | - | - | €108 | €136 | €136 | €302 | ▲ 121% |
| Operating cash flow (approximation) | -€0.004m | -€0.004m | €0.5m | -€0.004m | -€0.004m | €0.002m | €3.6m | ▲ 2,337× |
| Investment in fixed assets (approximation) | - | €0 | €0.06m | -€0.001m | €0 | €0 | €0 | - |
| Change in cash | - | €0.001m | €0.02m | -€0.02m | €0.01m | €0.09m | €0.3m | ▲ 259% |
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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 20-12-2024 | full format | 30-07-2025 | 2025-00352424 | |
| 31-12-2023 | unclassified schema | 06-08-2024 | 2024-00331524 | |
| 31-12-2022 | unclassified schema | 13-07-2023 | 2023-00234750 | |
| 31-12-2021 | unclassified schema | 17-06-2022 | 2022-20069486 | |
| 31-12-2020 | unclassified schema | 18-06-2021 | 2021-21000152 | |
| 31-12-2019 | full format | 19-06-2020 | 2020-18100089 | |
| 31-12-2018 | full format | 08-07-2019 | 2019-29400504 | |
| 31-12-2017 | full format | 29-06-2018 | 2018-25600186 | |
| 31-12-2016 | full format | 15-06-2017 | 2017-17900235 | |
| 31-12-2015 | full format | 15-06-2016 | 2016-17800050 |