DYNAMIC
InactiveFinancials · financial year 2024, micro format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00456833.
Annual accounts 2024 filed on 29-08-2025 PDF all 38 filings
Turnover
≈ €420,000
Estimated: probably between €280,000 and €640,000
Total assets
€239,100▲ 94.0%
2023 · €123,255
Net result
€114,123▲ 71×
2023 · €1,596
Working capital
€185,730▲ 434%
2023 · €34,812
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€166,741
▲ 31×
2024
20182024
Net result
€114,123
▲ 71×
2024
20182024
Equity
€183,138
▲ 165%
2024
20182024
Total assets
€239,100
▲ 94.0%
2024
20182024
Debt
€55,962
▲ 6.4%
2024
20182024
Working capital
€185,730
▲ 434%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€8,499-€13,355▲ 57.1%€11,820▼ 11.5%€7,373▼ 37.6%€7,491▲ 1.6%€5,376▼ 28.2%€166,741▲ 31×
Net result€5,642-€8,714▲ 54.4%€7,634▼ 12.4%€4,674▼ 38.8%€8,952▲ 91.5%€1,596▼ 82.2%€114,123▲ 71×
Equity€132,341-€141,054▲ 6.6%€147,076▲ 4.3%€151,750▲ 3.2%€68,220▼ 55.0%€69,016▲ 1.2%€183,138▲ 165%
Total assets€167,446-€180,199▲ 7.6%€191,637▲ 6.3%€194,138▲ 1.3%€131,621▼ 32.2%€123,255▼ 6.4%€239,100▲ 94.0%
Debt€33,469-€37,508▲ 12.1%€42,925▲ 14.4%€40,752▼ 5.1%€61,765▲ 51.6%€52,603▼ 14.8%€55,962▲ 6.4%
Working capital€99,874-€117,142▲ 17.3%€126,638▲ 8.1%€135,210▲ 6.8%€40,549▼ 70.0%€34,812▼ 14.1%€185,730▲ 434%
The operating result for 2024 is 31 times that of 2023 and the highest since 2020. It is a recovery after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €239,100
Equity
€183,138 ▲ 165%
Provisions
€0 ▼ 100%
Debt
€55,962 ▲ 6.4%
Debt's share of the balance-sheet total falls from 42.7% to 23.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166,741▲
2023 · €9,909
Cash flow
€114,123▲
2023 · €6,130
Current ratio
4.48▲
2023 · 1.76
Debt to equity
0.31▼
2023 · 0.76
ROE
62.3%▲
2023 · 2.3%
ROA
47.7%▲
2023 · 1.3%
Interest coverage
over 100▲
2023 · 5.10
Debt ≤ 1 year
€53,370▲
2023 · €45,925
Debt > 1 year
€0▼
2023 · €3,576
Income taxes
€53,578▲
2023 · €2,500
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Carrying value of the other pledged assets | - | - | €22,774 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €27,020 | €27,307 | - |
| Depreciation and write-downs of the year | €3,074 | €3,468 | €4,534 | €0 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €167,881 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,377 | €8,488 | €3,820 | €3,074 | €3,468 | €4,534 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | -€1,636 | - |
| Other operating charges640/8 | - | - | - | €1,459 | €1,362 | €1,639 | €1,428 | ▼ 12.8% |
| Non-recurring operating charges66A | - | - | - | €0 | €62 | €786 | €0 | ▼ 100% |
| Gross operating margin9900 | €23,257 | €23,227 | €17,087 | €11,906 | €12,383 | €12,334 | €166,533 | ▲ 14× |
| Operating profit (loss)9901 | €8,499 | €13,355 | €11,820 | €7,373 | €7,491 | €5,376 | €166,741 | ▲ 31× |
| Financial income75/76B | - | - | - | €1,058 | €6,059 | €664 | €1,199 | ▲ 80.5% |
| Recurring financial income75 | €93 | €83 | €186 | €1,058 | €59 | €664 | €1,199 | ▲ 80.5% |
| Non-recurring financial income76B | - | - | - | - | €6,000 | €0 | - | - |
| Financial charges65/66B | - | - | - | €1,283 | €2,278 | €1,944 | €238 | ▼ 87.7% |
| Recurring financial charges65 | €1,180 | €1,256 | €1,262 | €1,283 | €2,278 | €1,944 | €238 | ▼ 87.7% |
| Profit (loss) for the period before taxes9903 | €7,411 | €12,182 | €10,744 | €7,148 | €11,272 | €4,096 | €167,701 | ▲ 41× |
| Income taxes67/77 | €1,769 | €3,469 | €3,110 | €2,474 | €2,321 | €2,500 | €53,578 | ▲ 21× |
| Profit (loss) for the period9904 | €5,642 | €8,714 | €7,634 | €4,674 | €8,952 | €1,596 | €114,123 | ▲ 71× |
| Profit (loss) for the period to be appropriated9905 | €5,642 | €8,714 | €7,634 | €4,674 | €8,952 | €1,596 | €114,123 | ▲ 71× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €167,446 | €180,199 | €191,637 | €194,138 | €131,621 | €123,255 | €239,100 | ▲ 94.0% |
| Fixed assets21/28 | €35,217 | €26,728 | €22,908 | €19,834 | €43,387 | €42,519 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €35,217 | €26,728 | €22,908 | €19,834 | €43,387 | €42,519 | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €19,745 | €19,745 | €19,745 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €89 | €23,641 | €22,774 | €0 | ▼ 100% |
| Current assets29/58 | €132,229 | €153,471 | €168,729 | €174,304 | €88,234 | €80,737 | €239,100 | ▲ 196% |
| Amounts receivable within one year40/41 | €8,604 | €7,584 | €4,153 | €8,428 | €7,817 | €6,890 | €2 | ▼ 100.0% |
| Trade receivables40 | - | - | - | €8,400 | €7,571 | €6,644 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €28 | €246 | €246 | €2 | ▼ 99.0% |
| Current investments50/53 | €3,598 | €3,598 | €3,691 | €4,721 | €3,880 | €32,360 | €16,371 | ▼ 49.4% |
| Cash at bank and in hand54/58 | €119,739 | €142,043 | €160,633 | €160,802 | €76,537 | €40,875 | €222,726 | ▲ 445% |
| Deferred charges and accrued income490/1 | - | - | - | €353 | €0 | €611 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €167,446 | €180,199 | €191,637 | €194,138 | €131,621 | €123,255 | €239,100 | ▲ 94.0% |
| Equity10/15 | €132,341 | €141,054 | €147,076 | €151,750 | €68,220 | €69,016 | €183,138 | ▲ 165% |
| Contributions10/11 | €92,500 | €92,500 | - | €92,500 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €39,841 | €48,554 | €54,576 | €59,250 | €55,820 | €55,820 | €169,942 | ▲ 204% |
| Non-distributable reserves130/1 | - | - | - | €9,869 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €9,869 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €6,900 | €6,900 | €6,900 | €6,900 | = |
| Distributable reserves133 | - | - | - | €42,481 | €48,920 | €48,920 | €163,042 | ▲ 233% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €796 | €796 | = |
| Provisions and deferred taxes16 | €1,636 | €1,636 | €1,636 | €1,636 | €1,636 | €1,636 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €1,636 | €1,636 | €1,636 | €0 | ▼ 100% |
| Environmental obligations163 | - | - | - | - | - | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | €1,636 | €1,636 | €1,636 | €0 | ▼ 100% |
| Amounts payable17/49 | €33,469 | €37,508 | €42,925 | €40,752 | €61,765 | €52,603 | €55,962 | ▲ 6.4% |
| Amounts payable after more than one year17 | - | - | - | - | €12,095 | €3,576 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | €12,095 | €3,576 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €32,356 | €36,328 | €42,091 | €39,094 | €47,686 | €45,925 | €53,370 | ▲ 16.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,426 | €8,518 | €0 | ▼ 100% |
| Trade debts44 | €814 | €905 | €1,040 | €4,283 | €3,520 | €898 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €4,283 | €3,520 | €898 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €6,299 | €4,862 | €5,037 | €15,469 | ▲ 207% |
| Taxes450/3 | - | - | - | €6,299 | €4,862 | €5,037 | €15,469 | ▲ 207% |
| Other amounts payable47/48 | - | - | - | €28,512 | €30,877 | €31,471 | €37,902 | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,659 | €1,985 | €3,102 | €2,591 | ▼ 16.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,642 | €8,714 | €7,634 | €4,674 | €8,952 | €1,596 | €114,123 | ▲ 71× |
| + Depreciation and write-downs630 | €13,377 | €8,488 | €3,820 | €3,074 | €3,468 | €4,534 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €19,020 | €17,202 | €11,454 | €7,747 | €12,419 | €6,130 | €114,123 | ▲ 19× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€27,020 | -€3,666 | €42,519 | - |
| Change in cash | - | €22,304 | €18,590 | €169 | -€84,265 | -€35,662 | €181,851 | - |
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 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00456833 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00451520 | |
| 31-12-2022 | micro format | 26-08-2023 | 2023-00420111 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20393626 | |
| 31-12-2020 | micro format | 28-08-2021 | 2021-59100392 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-46700013 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-51000469 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-55700451 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48900310 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-50200148 |