EXTENTED-COVERAGE
InactiveFinancials · financial year 2024, abbreviated format
Equity
€121,034▼ 7.0%
2023 · €130,175
Total assets
€248,254▼ 20.9%
2023 · €313,665
Net result
-€9,141
2023 · €29,574
Working capital
€125,744▼ 3.0%
2023 · €129,617
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €4,151 after €40,531 in 2023, the lowest 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-€4,151
2024
Net result-€9,141
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€248,254
2024
Equity€121,034
2024
Debt€127,220
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€125,744
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€38,540--€22,127▲ 42.6%€51,070€96,100▲ 88.2%€93,467▼ 2.7%€40,531▼ 56.6%-€4,151
Net result-€39,758--€21,730▲ 45.3%€44,876€64,089▲ 42.8%€67,219▲ 4.9%€29,574▼ 56.0%-€9,141
Equity-€53,853--€75,583▼ 40.4%-€30,707▲ 59.4%€33,383€100,601▲ 201%€130,175▲ 29.4%€121,034▼ 7.0%
Total assets€96,437-€161,138▲ 67.1%€103,326▼ 35.9%€108,666▲ 5.2%€195,126▲ 79.6%€313,665▲ 60.7%€248,254▼ 20.9%
Debt€150,290-€236,721▲ 57.5%€134,033▼ 43.4%€75,284▼ 43.8%€94,525▲ 25.6%€183,489▲ 94.1%€127,220▼ 30.7%
Working capital-€29,696--€47,656▼ 60.5%€2,851€25,664▲ 800%€96,662▲ 277%€129,617▲ 34.1%€125,744▼ 3.0%
Staff (FTE)1-1=1=1=1=0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €248,254
Fixed assets
€419 ▼ 63.1%
Current assets
€247,835 ▼ 20.7%
Equity and liabilities €248,254
Equity
€121,034 ▼ 7.0%
Debt
€127,220 ▼ 30.7%
Debt's share of the balance-sheet total falls from 58.5% to 51.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,434▼
2023 · €43,334
Cash flow
-€8,424▼
2023 · €32,377
Current ratio
2.03▲
2023 · 1.71
Debt to equity
1.05▼
2023 · 1.41
ROE
-7.6%▼
2023 · 22.7%
ROA
-3.7%▼
2023 · 9.4%
Interest coverage
-0.64▼
2023 · 15.57
Debt ≤ 1 year
€122,091▼
2023 · €182,912
Income taxes
€1,905▼
2023 · €10,239
Staff costs
€225▲
2023 · €0
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 | - | - | - | €40,977 | €17,333 | €0 | €225 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,489 | €2,643 | €3,572 | €3,515 | €3,582 | €2,803 | €718 | ▼ 74.4% |
| Other operating charges640/8 | - | - | - | €468 | €26,747 | €516 | €0 | ▼ 100% |
| Gross operating margin9900 | €6,168 | €19,991 | €94,307 | €141,060 | €141,129 | €43,850 | -€3,209 | - |
| Operating profit (loss)9901 | -€38,540 | -€22,127 | €51,070 | €96,100 | €93,467 | €40,531 | -€4,151 | - |
| Financial income75/76B | - | - | - | €20 | €1 | €2,065 | €2,303 | ▲ 11.5% |
| Recurring financial income75 | €133 | €1,671 | €2,284 | €20 | €1 | €2,065 | €2,303 | ▲ 11.5% |
| Financial charges65/66B | - | - | - | €5,119 | €198 | €2,783 | €5,388 | ▲ 93.6% |
| Recurring financial charges65 | €890 | €837 | €856 | €5,119 | €198 | €2,783 | €5,388 | ▲ 93.6% |
| Profit (loss) for the period before taxes9903 | -€39,297 | -€21,292 | €52,498 | €91,001 | €93,269 | €39,813 | -€7,236 | - |
| Income taxes67/77 | €461 | €438 | €7,621 | €26,912 | €26,051 | €10,239 | €1,905 | ▼ 81.4% |
| Profit (loss) for the period9904 | -€39,758 | -€21,730 | €44,876 | €64,089 | €67,219 | €29,574 | -€9,141 | - |
| Profit (loss) for the period to be appropriated9905 | -€39,758 | -€21,730 | €44,876 | €64,089 | €67,219 | €29,574 | -€9,141 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €96,437 | €161,138 | €103,326 | €108,666 | €195,126 | €313,665 | €248,254 | ▼ 20.9% |
| Fixed assets21/28 | €17,092 | €12,873 | €14,442 | €7,719 | €3,940 | €1,136 | €419 | ▼ 63.1% |
| Tangible fixed assets22/27 | €11,895 | €7,676 | €9,245 | €7,522 | €3,940 | €1,136 | €419 | ▼ 63.1% |
| Plant, machinery and equipment23 | - | - | - | €686 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €3,902 | €2,054 | €299 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €2,933 | €1,885 | €837 | €419 | ▼ 50.0% |
| Financial fixed assets28 | €5,197 | €5,197 | €5,197 | €197 | €0 | - | - | - |
| Current assets29/58 | €79,345 | €148,266 | €88,884 | €100,948 | €191,187 | €312,528 | €247,835 | ▼ 20.7% |
| Amounts receivable within one year40/41 | €64,282 | €137,935 | €74,629 | €39,121 | €137,676 | €227,705 | €214,727 | ▼ 5.7% |
| Trade receivables40 | - | - | - | €39,121 | €137,676 | €227,705 | €2,118 | ▼ 99.1% |
| Other amounts receivable41 | - | - | - | - | - | - | €212,608 | - |
| Cash at bank and in hand54/58 | €11,864 | €7,844 | €12,337 | €59,205 | €43,511 | €84,823 | €30,409 | ▼ 64.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,621 | €10,000 | €0 | €2,700 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €96,437 | €161,138 | €103,326 | €108,666 | €195,126 | €313,665 | €248,254 | ▼ 20.9% |
| Equity10/15 | -€53,853 | -€75,583 | -€30,707 | €33,383 | €100,601 | €130,175 | €121,034 | ▼ 7.0% |
| Contributions10/11 | €18,096 | €18,096 | - | €18,096 | €18,096 | €18,096 | €18,096 | = |
| Reserves13 | €8,052 | €8,052 | €8,052 | €8,052 | €8,052 | €112,079 | €102,938 | ▼ 8.2% |
| Non-distributable reserves130/1 | - | - | - | €8,052 | €8,052 | €8,052 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €8,052 | €8,052 | €8,052 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | - | €104,027 | €102,938 | ▼ 1.0% |
| Profit (loss) carried forward14 | -€80,000 | -€101,731 | -€56,854 | €7,235 | €74,454 | €0 | - | - |
| Amounts payable17/49 | €150,290 | €236,721 | €134,033 | €75,284 | €94,525 | €183,489 | €127,220 | ▼ 30.7% |
| Amounts payable within one year42/48 | €109,042 | €195,921 | €86,033 | €75,284 | €94,525 | €182,912 | €122,091 | ▼ 33.3% |
| Trade debts44 | €68,178 | €165,330 | €70,114 | €41,191 | €40,752 | €34,531 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €4,233 | €938 | €34,531 | €0 | ▼ 100% |
| Bills of exchange payable441 | - | - | - | €36,958 | €39,814 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €31,710 | €52,963 | €26,290 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €26,912 | €52,963 | €26,290 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €4,797 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,383 | €810 | €122,091 | €122,091 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €578 | €5,129 | ▲ 788% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,758 | -€21,730 | €44,876 | €64,089 | €67,219 | €29,574 | -€9,141 | - |
| + Depreciation and write-downs630 | €6,489 | €2,643 | €3,572 | €3,515 | €3,582 | €2,803 | €718 | ▼ 74.4% |
| Operating cash flow (approximation) | -€33,269 | -€19,087 | €48,449 | €67,604 | €70,801 | €32,377 | -€8,424 | - |
| Investment in fixed assets (approximation) | - | €1,576 | -€5,142 | €3,208 | €197 | €0 | €0 | - |
| Change in cash | - | -€4,020 | €4,494 | €46,868 | -€15,694 | €41,312 | -€54,415 | - |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00339655 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00405077 |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00108720 |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20462504 |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36700071 |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44600526 |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32400319 |
| 31-12-2017 | micro format | 05-07-2018 | 2018-29500225 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21700115 |
| 31-12-2015 | abbreviated format | 29-06-2016 | 2016-24700323 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.