EASYDECO
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (26 days) Filed on 26 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00402427.
Turnover
≈ €640,000
Estimated: probably between €450,000 and €960,000
Total assets
€275,018▲ 18.0%
2023 · €233,156
Net result
-€9,474▼ 86.4%
2023 · -€5,083
Working capital
€139,267▲ 11.5%
2023 · €124,922
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen three years in a row; 2024 is 11% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1,556
2024
Net result-€9,474
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€275,018
2024
Equity€109,790
2024
Debt€165,228
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€139,267
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)-3.4%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency39.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.06
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€21,326-€10,101▼ 52.6%-€5,726€16,257€14,505▼ 10.8%€1,739▼ 88.0%€1,556▼ 10.5%
Net result€11,850-€5,075▼ 57.2%-€8,467below the sector's middle half€6,459within the sector's middle half€3,738within the sector's middle half▼ 42.1%-€5,083below the sector's middle half-€9,474below the sector's middle half▼ 86.4%
Equity€117,542-€122,617▲ 4.3%€114,150within the sector's middle half▼ 6.9%€120,609within the sector's middle half▲ 5.7%€124,347within the sector's middle half▲ 3.1%€119,264within the sector's middle half▼ 4.1%€109,790within the sector's middle half▼ 7.9%
Total assets€189,040-€237,351▲ 25.6%€234,245within the sector's middle half▼ 1.3%€246,244within the sector's middle half▲ 5.1%€230,681within the sector's middle half▼ 6.3%€233,156within the sector's middle half▲ 1.1%€275,018within the sector's middle half▲ 18.0%
Debt€71,498-€114,734▲ 60.5%€120,096▲ 4.7%€125,635▲ 4.6%€106,334▼ 15.4%€113,892▲ 7.1%€165,228▲ 45.1%
Working capital€107,857-€118,654▲ 10.0%€131,920above the sector's middle half▲ 11.2%€127,147above the sector's middle half▼ 3.6%€126,993above the sector's middle half▼ 0.1%€124,922above the sector's middle half▼ 1.6%€139,267above the sector's middle half▲ 11.5%
Solvency62.2%-51.7%▼ 10.5pp48.7%within the sector's middle half▼ 2.9pp49.0%within the sector's middle half▲ 0.2pp53.9%within the sector's middle half▲ 4.9pp51.2%within the sector's middle half▼ 2.8pp39.9%within the sector's middle half▼ 11.2pp
Current ratio2.51-2.31▼ 0.202.66within the sector's middle half▲ 0.362.25within the sector's middle half▼ 0.422.37within the sector's middle half▲ 0.122.24within the sector's middle half▼ 0.142.06within the sector's middle half▼ 0.17
Return on assets (ROA)6.3%-2.1%▼ 4.1pp-3.6%below the sector's middle half▼ 5.8pp2.6%within the sector's middle half▲ 6.2pp1.6%within the sector's middle half▼ 1.0pp-2.2%below the sector's middle half▼ 3.8pp-3.4%below the sector's middle half▼ 1.3pp
above
within
below
the middle half of NACE 43, Specialised construction activities: 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. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €275,018
Fixed assets
€4,929 ▼ 31.2%
Current assets
€270,089 ▲ 19.5%
Equity and liabilities €275,018
Equity
€109,790 ▼ 7.9%
Debt
€165,228 ▲ 45.1%
Debt's share of the balance-sheet total rises from 48.8% to 60.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,346▼
2023 · €7,799
Cash flow
-€6,684▼
2023 · €977
Debt to equity
1.50▲
2023 · 0.95
ROE
-8.6%▼
2023 · -4.3%
Interest coverage
0.41▼
2023 · 1.15
Debt ≤ 1 year
€130,822▲
2023 · €101,072
Debt > 1 year
€34,406▲
2023 · €12,820
Income taxes
€414▲
2023 · €325
Staff costs
€177,367▼
2023 · €186,079
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €203,116 | €187,803 | €186,079 | €177,367 | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,893 | €10,357 | €8,522 | €8,612 | €6,043 | €6,060 | €2,790 | ▼ 54.0% |
| Other operating charges640/8 | - | - | - | €11,064 | €4,237 | €2,860 | €11,709 | ▲ 309% |
| Non-recurring operating charges66A | - | - | - | €878 | €993 | €148 | - | - |
| Gross operating margin9900 | €240,768 | €219,713 | €219,567 | €239,927 | €213,581 | €196,886 | €193,422 | ▼ 1.8% |
| Operating profit (loss)9901 | €21,326 | €10,101 | -€5,726 | €16,257 | €14,505 | €1,739 | €1,556 | ▼ 10.5% |
| Financial income75/76B | - | - | - | €1,119 | €409 | €284 | - | - |
| Recurring financial income75 | €2,964 | €2,641 | €4,172 | €1,119 | €409 | €284 | - | - |
| Financial charges65/66B | - | - | - | €8,988 | €8,962 | €6,781 | €10,616 | ▲ 56.6% |
| Recurring financial charges65 | €7,898 | €4,198 | €6,508 | €8,988 | €8,962 | €6,781 | €10,616 | ▲ 56.6% |
| Profit (loss) for the period before taxes9903 | €15,733 | €8,364 | -€8,062 | €8,388 | €5,952 | -€4,758 | -€9,060 | ▼ 90.4% |
| Income taxes67/77 | €3,883 | €3,289 | €406 | €1,929 | €2,214 | €325 | €414 | ▲ 27.4% |
| Profit (loss) for the period9904 | €11,850 | €5,075 | -€8,467 | €6,459 | €3,738 | -€5,083 | -€9,474 | ▼ 86.4% |
| Profit (loss) for the period to be appropriated9905 | €11,850 | €5,075 | -€8,467 | €6,459 | €3,738 | -€5,083 | -€9,474 | ▼ 86.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €189,040 | €237,351 | €234,245 | €246,244 | €230,681 | €233,156 | €275,018 | ▲ 18.0% |
| Fixed assets21/28 | €9,686 | €27,871 | €23,091 | €17,204 | €11,160 | €7,162 | €4,929 | ▼ 31.2% |
| Tangible fixed assets22/27 | €6,770 | €24,955 | €20,175 | €14,288 | €8,244 | €4,246 | €2,013 | ▼ 52.6% |
| Furniture and vehicles24 | - | - | - | €14,288 | €8,244 | €4,246 | €2,013 | ▼ 52.6% |
| Financial fixed assets28 | €2,916 | €2,916 | €2,916 | €2,916 | €2,916 | €2,916 | €2,916 | = |
| Current assets29/58 | €179,355 | €209,480 | €211,155 | €229,040 | €219,521 | €225,994 | €270,089 | ▲ 19.5% |
| Amounts receivable within one year40/41 | €179,355 | €202,183 | €189,702 | €216,451 | €203,384 | €210,640 | €265,084 | ▲ 25.8% |
| Trade receivables40 | - | - | - | €191,175 | €186,596 | €198,244 | €246,003 | ▲ 24.1% |
| Other amounts receivable41 | - | - | - | €25,276 | €16,788 | €12,396 | €19,081 | ▲ 53.9% |
| Cash at bank and in hand54/58 | - | - | €8,367 | €7,745 | €10,867 | €8,402 | €4,827 | ▼ 42.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,844 | €5,270 | €6,952 | €178 | ▼ 97.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €189,040 | €237,351 | €234,245 | €246,244 | €230,681 | €233,156 | €275,018 | ▲ 18.0% |
| Equity10/15 | €117,542 | €122,617 | €114,150 | €120,609 | €124,347 | €119,264 | €109,790 | ▼ 7.9% |
| Contributions10/11 | €27,500 | €27,500 | €27,500 | €27,500 | €27,500 | €27,500 | €27,500 | = |
| Reserves13 | €90,042 | €95,117 | €86,650 | €93,109 | €96,847 | €91,764 | €82,290 | ▼ 10.3% |
| Non-distributable reserves130/1 | - | - | - | €2,750 | €2,750 | €2,750 | €2,750 | = |
| Reserves not available under the articles1311 | - | - | - | €2,750 | €2,750 | €2,750 | €2,750 | = |
| Distributable reserves133 | - | - | - | €90,359 | €94,097 | €89,014 | €79,540 | ▼ 10.6% |
| Amounts payable17/49 | €71,498 | €114,734 | €120,096 | €125,635 | €106,334 | €113,892 | €165,228 | ▲ 45.1% |
| Amounts payable after more than one year17 | - | €17,707 | €34,661 | €23,742 | €13,806 | €12,820 | €34,406 | ▲ 168% |
| Financial debts170/4 | - | - | - | €23,742 | €13,806 | €12,820 | €34,406 | ▲ 168% |
| Amounts payable within one year42/48 | €71,498 | €90,826 | €79,234 | €101,893 | €92,528 | €101,072 | €130,822 | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,607 | €10,792 | - | €4,805 | - |
| Financial debts43 | - | - | - | €11,357 | - | €12,773 | €14,889 | ▲ 16.6% |
| Credit institutions430/8 | - | - | - | €11,357 | - | €12,773 | €14,889 | ▲ 16.6% |
| Trade debts44 | €50,612 | €71,934 | €43,324 | €68,516 | €59,884 | €68,130 | €37,775 | ▼ 44.6% |
| Suppliers440/4 | - | - | - | €68,516 | €59,884 | €68,130 | €37,775 | ▼ 44.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €4,896 | €4,896 | = |
| Taxes, remuneration and social security45 | - | - | - | €5,719 | €17,159 | €10,579 | €63,763 | ▲ 503% |
| Taxes450/3 | - | - | - | €5,719 | €8,095 | €4,076 | €17,490 | ▲ 329% |
| Remuneration and social security454/9 | - | - | - | - | €9,064 | €6,503 | €46,273 | ▲ 612% |
| Other amounts payable47/48 | - | - | - | €4,694 | €4,693 | €4,694 | €4,694 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,850 | €5,075 | -€8,467 | €6,459 | €3,738 | -€5,083 | -€9,474 | ▼ 86.4% |
| + Depreciation and write-downs630 | €10,893 | €10,357 | €8,522 | €8,612 | €6,043 | €6,060 | €2,790 | ▼ 54.0% |
| Operating cash flow (approximation) | €22,743 | €15,432 | €55 | €15,071 | €9,781 | €977 | -€6,684 | - |
| Investment in fixed assets (approximation) | - | -€28,543 | -€3,741 | -€2,726 | €1 | -€2,062 | -€557 | ▲ 73.0% |
| Change in cash | - | - | - | -€622 | €3,122 | -€2,465 | -€3,575 | ▼ 45.0% |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 26-08-2025 | 2025-00402427 |
| 31-12-2023 | micro format | 10-12-2024 | 2024-00612892 |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00476656 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20420874 |
| 31-12-2020 | micro format | 26-11-2021 | 2021-78300579 |
| 31-12-2019 | micro format | 31-12-2020 | 2020-78000184 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-61600038 |
| 31-12-2017 | micro format | 30-11-2018 | 2018-73400448 |
| 31-12-2016 | full format | 31-08-2017 | 2017-58200554 |
| 31-12-2015 | full format | 31-08-2016 | 2016-59100310 |
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Of the 7,802 active companies whose main activity is painting of buildings (NACE 43341), figures are known for 2,705. 2,266 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.