DOUBLE E
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (31 days) Filed on 31 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00459187.
Equity
€47,306▲ 110%
2023 · €22,477
Total assets
€175,872▼ 74.3%
2023 · €685,398
Net result
€24,829
2023 · -€14,606
Working capital
-€9,035▲ 34.1%
2023 · -€13,706
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 6 financial years
The operating result returns to profit in 2024: €37,619 after a loss of €13,084 in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€37,619
2024
Net result€24,829
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€175,872
2024
Equity€47,306
2024
Debt€128,566
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€9,035
2024
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)14.1%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency26.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.93
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820202021202220232024
Operating result-€7,081-€31,185-€20,630▼ 33.8%-€1,662-€13,084▼ 687%€37,619
Net result-€7,973-€28,832above the sector's middle half-€13,336within the sector's middle half▼ 53.7%-€3,509within the sector's middle half-€14,606below the sector's middle half▼ 316%€24,829above the sector's middle half
Equity€11,803-€27,256within the sector's middle half-€40,591within the sector's middle half▲ 48.9%€37,083within the sector's middle half▼ 8.6%€22,477within the sector's middle half▼ 39.4%€47,306within the sector's middle half▲ 110%
Total assets€102,803-€125,555within the sector's middle half-€120,996within the sector's middle half▼ 3.6%€190,019within the sector's middle half▲ 57.0%€685,398above the sector's middle half▲ 261%€175,872within the sector's middle half▼ 74.3%
Debt€91,000-€98,299-€80,405▼ 18.2%€152,937▲ 90.2%€662,922▲ 333%€128,566▼ 80.6%
Working capital€10,137-€25,590within the sector's middle half-€38,925within the sector's middle half▲ 52.1%€35,417within the sector's middle half▼ 9.0%-€13,706below the sector's middle half-€9,035within the sector's middle half▲ 34.1%
Solvency11.5%-21.7%within the sector's middle half-33.5%within the sector's middle half▲ 11.8pp19.5%within the sector's middle half▼ 14.0pp3.3%below the sector's middle half▼ 16.2pp26.9%within the sector's middle half▲ 23.6pp
Current ratio1.11-1.26within the sector's middle half-1.48within the sector's middle half▲ 0.221.23within the sector's middle half▼ 0.250.98within the sector's middle half▼ 0.250.93within the sector's middle half▼ 0.05
Return on assets (ROA)-7.8%-23.0%above the sector's middle half-11.0%within the sector's middle half▼ 11.9pp-1.8%within the sector's middle half▼ 12.9pp-2.1%within the sector's middle half▼ 0.3pp14.1%above the sector's middle half▲ 16.2pp
Staff (FTE)1.1-0.5below the sector's middle half-0.8▲ 60.0%1▲ 25.0%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175,872
Fixed assets
€56,341 ▲ 55.7%
Current assets
€119,531 ▼ 81.6%
Equity and liabilities €175,872
Equity
€47,306 ▲ 110%
Debt
€128,566 ▼ 80.6%
Debt's share of the balance-sheet total falls from 96.7% to 73.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,081▲
2023 · -€9,601
Cash flow
€31,291▲
2023 · -€11,123
Debt to equity
2.72▼
2023 · 29.49
ROE
52.5%▲
2023 · -65.0%
Interest coverage
11.85▲
2023 · -6.31
Debt ≤ 1 year
€128,566▼
2023 · €662,922
Income taxes
€9,070
Staff costs
€12,559▲
2023 · €11,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €34,123 | €64,025 | €11,952 | €12,559 | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €3,483 | €6,462 | ▲ 85.5% |
| Other operating charges640/8 | - | - | €13,721 | €370 | €549 | €1,266 | ▲ 131% |
| Gross operating margin9900 | €46,828 | €44,790 | €68,473 | €62,734 | €2,901 | €57,906 | ▲ 1,896% |
| Operating profit (loss)9901 | -€7,081 | €31,185 | €20,630 | -€1,662 | -€13,084 | €37,619 | - |
| Financial charges65/66B | - | - | €548 | €801 | €1,522 | €3,720 | ▲ 144% |
| Recurring financial charges65 | €892 | €697 | €548 | €801 | €1,522 | €3,720 | ▲ 144% |
| Profit (loss) for the period before taxes9903 | -€7,973 | €30,487 | €20,081 | -€2,463 | -€14,606 | €33,899 | - |
| Income taxes67/77 | - | €1,655 | €6,746 | €1,046 | - | €9,070 | - |
| Profit (loss) for the period9904 | -€7,973 | €28,832 | €13,336 | -€3,509 | -€14,606 | €24,829 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,973 | €28,832 | €13,336 | -€3,509 | -€14,606 | €24,829 | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €102,803 | €125,555 | €120,996 | €190,019 | €685,398 | €175,872 | ▼ 74.3% |
| Fixed assets21/28 | €1,666 | €1,666 | €1,666 | €1,666 | €36,183 | €56,341 | ▲ 55.7% |
| Intangible fixed assets21 | - | - | - | - | €34,517 | €54,675 | ▲ 58.4% |
| Financial fixed assets28 | €1,666 | €1,666 | €1,666 | €1,666 | €1,666 | €1,666 | = |
| Current assets29/58 | €101,137 | €123,889 | €119,330 | €188,353 | €649,216 | €119,531 | ▼ 81.6% |
| Stocks and contracts in progress3 | - | - | - | - | €18,956 | - | - |
| Stocks30/36 | - | - | - | - | €18,956 | - | - |
| Amounts receivable within one year40/41 | €101,137 | €116,986 | €109,377 | €188,353 | €630,260 | €119,531 | ▼ 81.0% |
| Trade receivables40 | - | - | €22,867 | €105,285 | €630,260 | €63,209 | ▼ 90.0% |
| Other amounts receivable41 | - | - | €86,510 | €83,068 | - | €56,322 | - |
| Cash at bank and in hand54/58 | - | €6,903 | €9,953 | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €102,803 | €125,555 | €120,996 | €190,019 | €685,398 | €175,872 | ▼ 74.3% |
| Equity10/15 | €11,803 | €27,256 | €40,591 | €37,083 | €22,477 | €47,306 | ▲ 110% |
| Contributions10/11 | €19,500 | - | €19,500 | €19,500 | €19,500 | €19,500 | = |
| Reserves13 | €1,860 | €1,950 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Non-distributable reserves130/1 | - | - | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Reserves not available under the articles1311 | - | - | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Profit (loss) carried forward14 | -€9,557 | €5,806 | €19,141 | €15,633 | €1,027 | €25,856 | ▲ 2,418% |
| Amounts payable17/49 | €91,000 | €98,299 | €80,405 | €152,937 | €662,922 | €128,566 | ▼ 80.6% |
| Amounts payable within one year42/48 | €91,000 | €98,299 | €80,405 | €152,937 | €662,922 | €128,566 | ▼ 80.6% |
| Financial debts43 | - | - | €2,960 | €1,166 | €4,935 | €3,216 | ▼ 34.8% |
| Credit institutions430/8 | - | - | €2,960 | €1,166 | €4,935 | €3,216 | ▼ 34.8% |
| Trade debts44 | €18,075 | €25,527 | €25,389 | €71,873 | €629,653 | €102,389 | ▼ 83.7% |
| Suppliers440/4 | - | - | €25,389 | €71,873 | €629,653 | €102,389 | ▼ 83.7% |
| Advances received on contracts in progress46 | - | - | €10,708 | €40,575 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €29,348 | €39,323 | €8,565 | €22,962 | ▲ 168% |
| Taxes450/3 | - | - | €18,665 | €33,354 | €8,554 | €19,537 | ▲ 128% |
| Remuneration and social security454/9 | - | - | €10,683 | €5,969 | €11 | €3,425 | ▲ 31,579% |
| Other amounts payable47/48 | - | - | €12,000 | - | €19,768 | - | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,973 | €28,832 | €13,336 | -€3,509 | -€14,606 | €24,829 | - |
| + Depreciation and write-downs630 | - | - | - | - | €3,483 | €6,462 | ▲ 85.5% |
| Operating cash flow (approximation) | -€7,973 | €28,832 | €13,336 | -€3,509 | -€11,123 | €31,291 | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€38,000 | -€26,620 | ▲ 29.9% |
| Change in cash | - | - | €3,050 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00459187 |
| 31-12-2023 | micro format | 19-09-2024 | 2024-00465186 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00394958 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20418894 |
| 31-12-2020 | micro format | 19-08-2021 | 2021-51200219 |
| 31-12-2018 | micro format | 16-09-2019 | 2019-64500456 |
| 31-12-2017 | micro format | 02-10-2018 | 2018-68100335 |
| 31-12-2015 | full format | 31-08-2016 | 2016-58800075 |
| 31-12-2014 | full format | 19-11-2015 | 2015-67100450 |
| 31-12-2013 | full format | 19-03-2015 | 2015-07000341 |
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Of the 269 active companies whose main activity is retail trade (NACE 47519), figures are known for 126. 101 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.