DRIVE IT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
20 d early
2023
43 d early
2022
150 d early
2021
107 d early
2020
109 d early
2019
51 d early
2018
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.36M▲ 35.3%
2023 · €1.74M
2018: €899k
2019: €1.17M
2020: €1.24M
2021: €1.37M
2022: €1.60M
2023: €1.74M
2018 → 2024
Total assets
€2.59M▲ 9.9%
2023 · €2.36M
2018: €1.04M
2019: €1.29M
2020: €1.58M
2021: €1.73M
2022: €1.98M
2023: €2.36M
2018 → 2024
Net result
€610k▲ 27.0%
2023 · €480k
2018: €268k
2019: €279k
2020: €267k
2021: €304k
2022: €405k
2023: €480k
2018 → 2024
Working capital
€2.17M▲ 76.5%
2023 · €1.23M
2018: €332k
2019: €563k
2020: €646k
2021: €826k
2022: €1.11M
2023: €1.23M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.24M-€1.37M▲ 10.4%€1.60M▲ 16.5%€1.74M▲ 9.4%€2.36M▲ 35.3%
Operating result€396k-€450k▲ 13.8%€638k▲ 41.5%€633k▼ 0.7%€724k▲ 14.3%
Net result€267k-€304k▲ 13.7%€405k▲ 33.2%€480k▲ 18.6%€610k▲ 27.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.59M
Fixed assets
€215k ▼ 61.2%
Current assets
€2.38M ▲ 31.9%
Equity and liabilities €2.59M
Equity
€2.36M ▲ 35.3%
Debt
€231k ▼ 62.4%
Debt's share of the balance-sheet total falls from 26.0% to 8.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€778k▲
2023 · €711k
Cash flow
€664k▲
2023 · €558k
Current ratio
11.28▲
2023 · 3.13
Quick ratio
11.10▲
2023 · 3.12
Debt to equity
0.10▼
2023 · 0.35
ROE
25.8%▼
2023 · 27.5%
ROA
23.5%▲
2023 · 20.4%
Interest coverage
1178.06▲
2023 · -21.86
Debt ≤ 1 year
€211k▼
2023 · €575k
Income taxes
€191k▼
2023 · €198k
Staff costs
€456k▲
2023 · €392k
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.36M€2.59M▲
Fixed assets21/28€556k€215k▼
Intangible fixed assets21€62k€55k▼
Tangible fixed assets22/27€494k€161k▼
Land and buildings22€328k€0▼
Plant, machinery and equipment23€27k€28k▲
Furniture and vehicles24€98k€91k▼
Other tangible fixed assets26€41k€42k▲
Current assets29/58€1.80M€2.38M▲
Amounts receivable after more than one year29€195k€0▼
Other amounts receivable291€195k€0▼
Stocks and contracts in progress3€10k€39k▲
Stocks30/36€4k€2k▼
Contracts in progress37€6k€37k▲
Amounts receivable within one year40/41€145k€1.24M▲
Trade receivables40€137k€127k▼
Other amounts receivable41€9k€1.11M▲
Current investments50/53€606k€0▼
Cash at bank and in hand54/58€836k€1.09M▲
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.36M€2.59M▲
Equity10/15€1.74M€2.36M▲
Contributions10/11€12k€19k▲
Reserves13€1.73M€2.34M▲
Non-distributable reserves130/1€0€2k▲
Reserves not available under the articles1311€0€2k▲
Distributable reserves133€1.73M€2.34M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€613k€231k▼
Amounts payable within one year42/48€575k€211k▼
Trade debts44€158k€78k▼
Suppliers440/4€158k€78k▼
Taxes, remuneration and social security45€86k€132k▲
Taxes450/3€25k€59k▲
Remuneration and social security454/9€61k€73k▲
Other amounts payable47/48€331k€0▼
Accrued charges and deferred income492/3€38k€20k▼
Income statement
Code20232024
Non-recurring operating income76A€12k€105k▲
Remuneration, social security and pensions62€392k€456k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€54k▼
Other operating charges640/8€11k€13k▲
Gross operating margin9900€1.11M€1.25M▲
Operating profit (loss)9901€633k€724k▲
Financial income75/76B€12k€78k▲
Recurring financial income75€12k€78k▲
Financial charges65/66B€-33k€660▲
Recurring financial charges65€-33k€660▲
Profit (loss) for the period before taxes9903€678k€801k▲
Income taxes67/77€198k€191k▼
Profit (loss) for the period9904€480k€610k▲
Profit (loss) for the period to be appropriated9905€480k€610k▲
Appropriation of the result
Profit (loss) to be appropriated9906€552k€610k▲
Profit (loss) brought forward from the previous period14P€72k€0▼
Transfer from equity791/2€265k€0▼
Transfer to equity691/2€486k€610k▲
To other reserves6921€486k€610k▲
Profit to be distributed694/7€331k€0▼
Return on contributions (dividend)694€331k€0▼
Social balance
Average headcount (FTE)90876.37.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-09
State Gazette act
General meeting · Merger
Accounting effect
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €610k ▲27%
Operating result €724k, net result €610k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 11.28
Current ratio from 3.13 to 11.28; short-term debt falls from €575k to €211k.
31-12
Financial
Equity above €2MEq €2.36M ▲35.3%
7 profitable years in a row build equity to €2.36M.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €267k ▼4.3%
Net result drops to €267k, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.17M ▲30.5%
2 profitable years in a row build equity to €1.17M.
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
Acquisitions and mergers
1 transactionTaken over by:CHEOPS TECHNOLOGY
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 511 EUR awarded · 511 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 511 EUR | 511 EUR |
Schemes
Vlaams opleidingsverlof (VOV)