DRIP DROPS
Open bankruptcyA bankruptcy procedure is open for DRIP DROPS according to publications in the Belgian State Gazette; curator: GUY KELDER.
Summary
The 2024 annual accounts show equity of €91k and a net result of €31k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-05-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
30 d late
2023
30 d late
2022
78 d late
2021
443 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€91k▲ 50.6%
2023 · €61k
2021: €4klowest in 4 years
2022: €30k▲ +693% vs 2021
2023: €61k▲ +103% vs 2022
2024: €91k▲ +50.6% vs 2023highest in 4 years
2021 → 2024
Total assets
€610k▲ 4.1%
2023 · €586k
2021: €170klowest in 4 years
2022: €582k▲ +242% vs 2021
2023: €586k▲ +0.8% vs 2022
2024: €610k▲ +4.1% vs 2023highest in 4 years
2021 → 2024
Net result
€31k▼ 0.4%
2023 · €31k
2021: €3klowest in 4 years
2022: €26k▲ +724% vs 2021
2023: €31k▲ +17.9% vs 2022highest in 4 years
2024: €31k▼ -0.4% vs 2023
2021 → 2024
Working capital
€315k▼ 17.4%
2023 · €382k
2021: €150klowest in 4 years
2022: €376k▲ +151% vs 2021
2023: €382k▲ +1.4% vs 2022highest in 4 years
2024: €315k▼ -17.4% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€4k-€30k▲ 693%€61k▲ 103%€91k▲ 50.6%
2021: €4klowest in 4 years
2022: €30k▲ +693% vs 2021
2023: €61k▲ +103% vs 2022
2024: €91k▲ +50.6% vs 2023highest in 4 years
Operating result€5k-€74k▲ 1,250%€60k▼ 18.2%€76k▲ 26.0%
2021: €5klowest in 4 years
2022: €74k▲ +1250% vs 2021
2023: €60k▼ -18.2% vs 2022
2024: €76k▲ +26.0% vs 2023highest in 4 years
Net result€3k-€26k▲ 724%€31k▲ 17.9%€31k▼ 0.4%
2021: €3klowest in 4 years
2022: €26k▲ +724% vs 2021
2023: €31k▲ +17.9% vs 2022highest in 4 years
2024: €31k▼ -0.4% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 26% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €610k
Fixed assets
€47k ▼ 13.3%
Current assets
€563k ▲ 5.9%
Equity and liabilities €610k
Equity
€91k ▲ 50.6%
Debt
€519k ▼ 1.2%
Debt's share of the balance-sheet total falls from 89.6% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2023 · €67k
Cash flow
€38k▲
2023 · €37k
Current ratio
2.27▼
2023 · 3.54
Quick ratio
0.85▲
2023 · 0.46
Debt to equity
5.68▼
2023 · 8.66
ROE
33.6%▼
2023 · 50.8%
ROA
5.0%▼
2023 · 5.3%
Interest coverage
2.30▼
2023 · 2.75
Debt ≤ 1 year
€248k▲
2023 · €150k
Debt > 1 year
€247k▼
2023 · €351k
Income taxes
€9k▲
2023 · €7k
Staff costs
€9k▼
2023 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€586k€610k▲
Fixed assets21/28€55k€47k▼
Tangible fixed assets22/27€55k€47k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€49k€44k▼
Current assets29/58€532k€563k▲
Stocks and contracts in progress3€463k€353k▼
Stocks30/36€463k€353k▼
Amounts receivable within one year40/41€45k€111k▲
Trade receivables40€45k€111k▲
Cash at bank and in hand54/58€23k€99k▲
Deferred charges and accrued income490/1€450€672▲
Equity and liabilities
Total equity and liabilities10/49€586k€610k▲
Equity10/15€61k€91k▲
Contributions10/11€600€600=
Profit (loss) carried forward14€60k€91k▲
Amounts payable17/49€525k€519k▼
Amounts payable after more than one year17€351k€247k▼
Financial debts170/4€293k€247k▼
Other amounts payable178/9€58k-
Amounts payable within one year42/48€150k€248k▲
Current portion of amounts payable after more than one year42-€25k
Trade debts44€65k€107k▲
Suppliers440/4€65k€107k▲
Taxes, remuneration and social security45€60k€66k▲
Taxes450/3€60k€65k▲
Remuneration and social security454/9-€805
Other amounts payable47/48€24k€50k▲
Accrued charges and deferred income492/3€24k€24k=
Income statement
Code20232024
Remuneration, social security and pensions62€61k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€129k€94k▼
Operating profit (loss)9901€60k€76k▲
Financial income75/76B€2k€70▼
Recurring financial income75€2k€70▼
Financial charges65/66B€24k€36k▲
Recurring financial charges65€24k€36k▲
Profit (loss) for the period before taxes9903€38k€40k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€31k€31k▼
Profit (loss) for the period to be appropriated9905€31k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€91k▲
Profit (loss) brought forward from the previous period14P€29k€60k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €61k | €9k | ▼ 85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €194 | €2k | €6k | €7k | ▲ 14.4% |
| Other operating charges640/8 | €225 | - | €1k | €2k | ▲ 26.2% |
| Non-recurring operating charges66A | - | €350 | - | - | - |
| Gross operating margin9900 | €6k | €76k | €129k | €94k | ▼ 27.2% |
| Operating profit (loss)9901 | €5k | €74k | €60k | €76k | ▲ 26.0% |
| Financial income75/76B | €17 | €247 | €2k | €70 | ▼ 95.8% |
| Recurring financial income75 | €17 | €247 | €2k | €70 | ▼ 95.8% |
| Financial charges65/66B | €1k | €42k | €24k | €36k | ▲ 49.2% |
| Recurring financial charges65 | €1k | €42k | €24k | €36k | ▲ 49.2% |
| Profit (loss) for the period before taxes9903 | €4k | €32k | €38k | €40k | ▲ 5.6% |
| Income taxes67/77 | €856 | €6k | €7k | €9k | ▲ 32.3% |
| Profit (loss) for the period9904 | €3k | €26k | €31k | €31k | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €3k | €26k | €31k | €31k | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €170k | €582k | €586k | €610k | ▲ 4.1% |
| Fixed assets21/28 | €7k | €14k | €55k | €47k | ▼ 13.3% |
| Tangible fixed assets22/27 | €7k | €14k | €55k | €47k | ▼ 13.3% |
| Furniture and vehicles24 | €916 | €563 | €5k | €3k | ▼ 33.7% |
| Other tangible fixed assets26 | €6k | €13k | €49k | €44k | ▼ 11.2% |
| Current assets29/58 | €163k | €568k | €532k | €563k | ▲ 5.9% |
| Stocks and contracts in progress3 | €143k | €546k | €463k | €353k | ▼ 23.8% |
| Stocks30/36 | €143k | €546k | €463k | €353k | ▼ 23.8% |
| Amounts receivable within one year40/41 | €15k | €14k | €45k | €111k | ▲ 145% |
| Trade receivables40 | €6k | €4k | €45k | €111k | ▲ 145% |
| Other amounts receivable41 | €9k | €10k | - | - | - |
| Cash at bank and in hand54/58 | €5k | €7k | €23k | €99k | ▲ 329% |
| Deferred charges and accrued income490/1 | - | €378 | €450 | €672 | ▲ 49.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €170k | €582k | €586k | €610k | ▲ 4.1% |
| Equity10/15 | €4k | €30k | €61k | €91k | ▲ 50.6% |
| Contributions10/11 | €600 | €600 | €600 | €600 | = |
| Profit (loss) carried forward14 | €3k | €29k | €60k | €91k | ▲ 51.1% |
| Amounts payable17/49 | €166k | €552k | €525k | €519k | ▼ 1.2% |
| Amounts payable after more than one year17 | €153k | €343k | €351k | €247k | ▼ 29.7% |
| Financial debts170/4 | €153k | €343k | €293k | €247k | ▼ 15.7% |
| Other amounts payable178/9 | - | - | €58k | - | - |
| Amounts payable within one year42/48 | €13k | €192k | €150k | €248k | ▲ 65.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25k | - |
| Trade debts44 | €3k | €51k | €65k | €107k | ▲ 64.0% |
| Suppliers440/4 | €3k | €51k | €65k | €107k | ▲ 64.0% |
| Advances received on contracts in progress46 | €910 | - | - | - | - |
| Taxes, remuneration and social security45 | €4k | €49k | €60k | €66k | ▲ 9.4% |
| Taxes450/3 | €4k | €49k | €60k | €65k | ▲ 8.0% |
| Remuneration and social security454/9 | - | - | - | €805 | - |
| Other amounts payable47/48 | €6k | €91k | €24k | €50k | ▲ 104% |
| Accrued charges and deferred income492/3 | - | €17k | €24k | €24k | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €26k | €31k | €31k | ▼ 0.4% |
| + Depreciation and write-downs630 | €194 | €2k | €6k | €7k | ▲ 14.4% |
| Operating cash flow (approximation) | €3k | €28k | €37k | €38k | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €-9k | €-47k | €0 | ▲ 100% |
| Change in cash | - | €2k | €16k | €76k | ▲ 376% |
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
2026
09-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-04-2026
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Highest result since 2021net €31k ▲17.9%
Net result €31k, the highest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
17-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 443 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2020
Ground area
500 m²
Building footprint
543 m²
Volume, LiDAR
10,529 m³
2 parcels, Brussels, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
DRIP DROPS
since 20202.309.910.686
DRIP DROPS
since 20222.338.784.024
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0248/00T002 | Brussels | 281 m² | 1 · 416 m² | 23.9 m · 7 fl. |
| 11804D0776/00A000 | Flanders | 219 m² | 1 · 127 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
02-04-2026 → present |
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Of 583 companies in sector 46496 we hold annual accounts for 383. 259 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-09-2020
Fiscal year end30-09
Activities, NACEBEL 2025
46496Wholesale trade
47639Retail sale of other sporting goods
Contact
Website
www.dripdrops.com
E-mail
info@dripdrops.com
Scores and ratios are computed by Checked and are not a credit decision.