DIFFERENT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,587
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-04-2025, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
113 d early
2023
26 d late
2022
69 d early
2021
68 d early
2020
61 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€66,711▼ 5.1%
2023 · €70,298
Total assets
€67,461▼ 5.0%
2023 · €71,048
Net result
-€3,587▲ 92.4%
2023 · -€47,430
Working capital
€34,301▼ 4.2%
2023 · €35,815
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,126▲ 92.3%€42,678€40,933▼ 4.1%-€47,161-€4,205▲ 91.1%
Net result-€7,927▲ 92.4%€42,506€40,599▼ 4.5%-€47,430-€3,587▲ 92.4%
Equity€154,622▼ 4.9%€197,129▲ 27.5%€237,728▲ 20.6%€70,298▼ 70.4%€66,711▼ 5.1%
Total assets€155,236▼ 31.3%€348,091▲ 124%€239,909▼ 31.1%€71,048▼ 70.4%€67,461▼ 5.0%
Debt€613▼ 99.0%€150,962▲ 24,514%€2,180▼ 98.6%€750▼ 65.6%€750=
Working capital€112,688▼ 4.5%€157,767▲ 40.0%€200,938▲ 27.4%€35,815▼ 82.2%€34,301▼ 4.2%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,205 in 2024 against €47,161 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67,461
Fixed assets
€32,410 ▼ 6.0%
Current assets
€35,051 ▼ 4.1%
Equity and liabilities €67,461
Equity
€66,711 ▼ 5.1%
Debt
€750 =
Debt's share of the balance-sheet total rises from 1.1% to 1.1%. Equity is lower.
Key figures and ratios
EBITDA
-€2,132▲
2023 · -€44,853
Cash flow
-€1,514▲
2023 · -€45,123
Current ratio
46.74▼
2023 · 48.75
Debt to equity
0.01▲
2023 · 0.01
ROE
-5.4%▲
2023 · -67.5%
ROA
-5.3%▲
2023 · -66.8%
Interest coverage
-10.03▲
2023 · -135.49
Debt ≤ 1 year
€750=
2023 · €750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,572 | €2,572 | €2,572 | €2,308 | €2,072 | ▼ 10.2% |
| Other operating charges640/8 | - | €2,004 | €1,899 | €1,640 | €2,587 | ▲ 57.8% |
| Gross operating margin9900 | -€3,755 | €47,254 | €45,404 | -€43,214 | €455 | ▲ 101% |
| Operating profit (loss)9901 | -€8,126 | €42,678 | €40,933 | -€47,161 | -€4,205 | ▲ 91.1% |
| Financial income75/76B | - | €128 | €0 | €61 | €831 | ▲ 1,254% |
| Recurring financial income75 | €405 | €128 | €0 | €61 | €831 | ▲ 1,254% |
| Financial charges65/66B | - | €300 | €333 | €331 | €213 | ▼ 35.8% |
| Recurring financial charges65 | €206 | €300 | €333 | €331 | €213 | ▼ 35.8% |
| Profit (loss) for the period before taxes9903 | -€7,927 | €42,506 | €40,599 | -€47,430 | -€3,587 | ▲ 92.4% |
| Profit (loss) for the period9904 | -€7,927 | €42,506 | €40,599 | -€47,430 | -€3,587 | ▲ 92.4% |
| Profit (loss) for the period to be appropriated9905 | -€7,927 | €42,506 | €40,599 | -€47,430 | -€3,587 | ▲ 92.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155,236 | €348,091 | €239,909 | €71,048 | €67,461 | ▼ 5.0% |
| Fixed assets21/28 | €41,935 | €39,362 | €36,790 | €34,482 | €32,410 | ▼ 6.0% |
| Tangible fixed assets22/27 | €41,935 | €39,362 | €36,790 | €34,482 | €32,410 | ▼ 6.0% |
| Land and buildings22 | - | €39,362 | €36,790 | €34,482 | €32,410 | ▼ 6.0% |
| Current assets29/58 | €113,301 | €308,729 | €203,119 | €36,565 | €35,051 | ▼ 4.1% |
| Stocks and contracts in progress3 | €92,244 | €92,168 | €92,124 | €0 | - | - |
| Stocks30/36 | - | €92,168 | €92,124 | €0 | - | - |
| Amounts receivable within one year40/41 | €5,743 | €182,409 | €77,261 | €5,188 | €27,098 | ▲ 422% |
| Trade receivables40 | - | €140,000 | €75,251 | €0 | - | - |
| Other amounts receivable41 | - | €42,409 | €2,010 | €5,188 | €27,098 | ▲ 422% |
| Cash at bank and in hand54/58 | €15,314 | €34,152 | €29,527 | €26,736 | €7,954 | ▼ 70.3% |
| Deferred charges and accrued income490/1 | - | - | €4,206 | €4,641 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155,236 | €348,091 | €239,909 | €71,048 | €67,461 | ▼ 5.0% |
| Equity10/15 | €154,622 | €197,129 | €237,728 | €70,298 | €66,711 | ▼ 5.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,415 | €6,415 | €6,415 | €6,415 | €6,415 | = |
| Non-distributable reserves130/1 | - | €6,415 | €6,415 | €6,415 | €6,415 | = |
| Legal reserve130 | - | €6,415 | €6,415 | €6,415 | €6,415 | = |
| Profit (loss) carried forward14 | €86,707 | €129,214 | €169,813 | €2,383 | -€1,204 | ▼ 151% |
| Amounts payable17/49 | €613 | €150,962 | €2,180 | €750 | €750 | = |
| Amounts payable within one year42/48 | €613 | €150,962 | €2,180 | €750 | €750 | = |
| Trade debts44 | €0 | €150,492 | €0 | - | - | - |
| Suppliers440/4 | - | €150,492 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €470 | €2,180 | €750 | €750 | = |
| Taxes450/3 | - | €470 | €2,180 | €750 | €750 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,927 | €42,506 | €40,599 | -€47,430 | -€3,587 | ▲ 92.4% |
| + Depreciation and write-downs630 | €2,572 | €2,572 | €2,572 | €2,308 | €2,072 | ▼ 10.2% |
| Operating cash flow (approximation) | -€5,355 | €45,079 | €43,172 | -€45,123 | -€1,514 | ▲ 96.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €18,838 | -€4,625 | -€2,791 | -€18,782 | ▼ 573% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 46current ratio 93.16
Current ratio from 2.05 to 93.16; short-term debt falls from €150,962 to €2,180.
31-12
Financial
Equity above €200,000Eq €237,728 ▲20.6%
2 profitable years in a row build equity to €237,728.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €42,506
Net result €42,506 after 2 loss-making years.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 65current ratio 184.73
Current ratio from 2.86 to 184.73; short-term debt falls from €63,396 to €613.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€103,861
Net result drops to -€103,861, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- Mees Development
- DIFFERENT
Highest known parent: Mees Development. The sources do not say who stands above it.
Owners 1
- Mees Developmentparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.