FACADE-NETTE
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 31-07-2025 PDF all 37 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€23,152
2023 · €4,802
Working capital
-€3,231
2023 · €19,921
In the rankings
#4 oldest company in Lessines, Construction sector
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€23,592
2024
20182024
Net result
-€23,152
2024
lowest quarter of the sector
20182024
Equity
-€3,231
2024
lowest quarter of the sector
20182024
Total assets
€15,230
▼ 49.0%
2024
lowest quarter of the sector
20182024
Debt
€18,461
▲ 85.3%
2024
20182024
Working capital
-€3,231
2024
lowest quarter of the sector
20182024
Solvency
-21.2%
▼ 87.9pp
2024
lowest quarter of the sector
20182024
Current ratio
0.82
▼ 2.17
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
-152.0%
▼ 168.1pp
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€18,993-€6,155▼ 67.6%€1,859▼ 69.8%€3,131▲ 68.4%-€13,808€3,746-€23,592
Net result€18,534-€5,560▼ 70.0%€449below the sector's middle half▼ 91.9%€2,889within the sector's middle half▲ 544%-€12,280below the sector's middle half€4,802within the sector's middle half-€23,152below the sector's middle half
Equity€18,501-€24,060▲ 30.0%€24,509within the sector's middle half▲ 1.9%€27,399within the sector's middle half▲ 11.8%€15,119below the sector's middle half▼ 44.8%€19,921below the sector's middle half▲ 31.8%-€3,231below the sector's middle half
Total assets€25,848-€36,449▲ 41.0%€41,119below the sector's middle half▲ 12.8%€38,271below the sector's middle half▼ 6.9%€35,426below the sector's middle half▼ 7.4%€29,885below the sector's middle half▼ 15.6%€15,230below the sector's middle half▼ 49.0%
Debt€7,347-€12,389▲ 68.6%€16,610▲ 34.1%€10,872▼ 34.5%€20,307▲ 86.8%€9,964▼ 50.9%€18,461▲ 85.3%
Working capital€18,501-€24,060▲ 30.0%€24,509within the sector's middle half▲ 1.9%€27,399within the sector's middle half▲ 11.8%€15,119within the sector's middle half▼ 44.8%€19,921within the sector's middle half▲ 31.8%-€3,231below the sector's middle half
Solvency71.6%-66.0%▼ 5.6pp59.6%within the sector's middle half▼ 6.4pp71.6%above the sector's middle half▲ 12.0pp42.7%within the sector's middle half▼ 28.9pp66.7%within the sector's middle half▲ 24.0pp-21.2%below the sector's middle half▼ 87.9pp
Current ratio3.52-2.94▼ 0.582.48within the sector's middle half▼ 0.473.52above the sector's middle half▲ 1.041.74within the sector's middle half▼ 1.783.00within the sector's middle half▲ 1.250.82below the sector's middle half▼ 2.17
Return on assets (ROA)71.7%-15.3%▼ 56.4pp1.1%within the sector's middle half▼ 14.2pp7.5%within the sector's middle half▲ 6.5pp-34.7%below the sector's middle half▼ 42.2pp16.1%within the sector's middle half▲ 50.7pp-152.0%below the sector's middle half▼ 168.1pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €23,592, after a profit of €3,746 in 2023. It is the lowest result since 2020.
Key figures and ratios
Debt ≤ 1 year
€18,461▲
2023 · €9,964
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,945 | €178 | €362 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111 | €1 | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,740 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,255 | €867 | €958 | €449 | ▼ 53.2% |
| Non-recurring operating charges66A | - | - | - | €376 | €628 | - | €12 | - |
| Gross operating margin9900 | €19,327 | €6,390 | €11,669 | €4,762 | -€10,573 | €4,704 | -€23,131 | - |
| Operating profit (loss)9901 | €18,993 | €6,155 | €1,859 | €3,131 | -€13,808 | €3,746 | -€23,592 | - |
| Financial income75/76B | - | - | - | €2,005 | €2,335 | €1,720 | €904 | ▼ 47.4% |
| Recurring financial income75 | €62 | - | - | €2,005 | €2,335 | €1,720 | €904 | ▼ 47.4% |
| Financial charges65/66B | - | - | - | €512 | €807 | €663 | €465 | ▼ 29.9% |
| Recurring financial charges65 | €521 | €595 | €614 | €512 | €807 | €663 | €465 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €18,534 | €5,560 | €1,245 | €4,625 | -€12,280 | €4,802 | -€23,152 | - |
| Income taxes67/77 | - | - | €796 | €1,735 | - | - | - | - |
| Profit (loss) for the period9904 | €18,534 | €5,560 | €449 | €2,889 | -€12,280 | €4,802 | -€23,152 | - |
| Profit (loss) for the period to be appropriated9905 | €18,534 | €5,560 | €449 | €2,889 | -€12,280 | €4,802 | -€23,152 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €25,848 | €36,449 | €41,119 | €38,271 | €35,426 | €29,885 | €15,230 | ▼ 49.0% |
| Current assets29/58 | €25,848 | €36,449 | €41,119 | €38,271 | €35,426 | €29,885 | €15,230 | ▼ 49.0% |
| Amounts receivable within one year40/41 | €22,321 | €36,005 | €41,083 | €37,861 | €34,998 | €25,614 | €15,230 | ▼ 40.5% |
| Trade receivables40 | - | - | - | €3,958 | €1,940 | €4,024 | €6,624 | ▲ 64.6% |
| Other amounts receivable41 | - | - | - | €33,904 | €33,058 | €21,590 | €8,606 | ▼ 60.1% |
| Cash at bank and in hand54/58 | €3,280 | - | - | - | - | €3,052 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €410 | €428 | €1,219 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €25,848 | €36,449 | €41,119 | €38,271 | €35,426 | €29,885 | €15,230 | ▼ 49.0% |
| Equity10/15 | €18,501 | €24,060 | €24,509 | €27,399 | €15,119 | €19,921 | -€3,231 | - |
| Contributions10/11 | €28,508 | €28,507 | - | €28,508 | €28,508 | €28,508 | €28,508 | = |
| Reserves13 | €1,092 | €1,092 | €1,092 | €1,092 | €1,092 | €1,092 | €1,092 | = |
| Non-distributable reserves130/1 | - | - | - | €1,092 | €1,092 | €1,092 | €1,092 | = |
| Reserves not available under the articles1311 | - | - | - | €1,092 | €1,092 | €1,092 | €1,092 | = |
| Profit (loss) carried forward14 | -€11,099 | -€5,539 | -€5,090 | -€2,201 | -€14,481 | -€9,679 | -€32,831 | ▼ 239% |
| Amounts payable17/49 | €7,347 | €12,389 | €16,610 | €10,872 | €20,307 | €9,964 | €18,461 | ▲ 85.3% |
| Amounts payable within one year42/48 | €7,347 | €12,389 | €16,610 | €10,872 | €20,307 | €9,964 | €18,461 | ▲ 85.3% |
| Financial debts43 | - | - | - | €2,143 | €4,885 | - | €3,623 | - |
| Credit institutions430/8 | - | - | - | €2,143 | €4,885 | - | €3,623 | - |
| Trade debts44 | €4,395 | €7,475 | €13,429 | €6,272 | €4,437 | €4,777 | €6,668 | ▲ 39.6% |
| Suppliers440/4 | - | - | - | €6,272 | €4,437 | €4,777 | €6,668 | ▲ 39.6% |
| Taxes, remuneration and social security45 | - | - | - | €2,457 | €10,985 | €5,187 | €8,170 | ▲ 57.5% |
| Taxes450/3 | - | - | - | €2,257 | €1,785 | €2,187 | €5,170 | ▲ 136% |
| Remuneration and social security454/9 | - | - | - | €200 | €9,200 | €3,000 | €3,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,534 | €5,560 | €449 | €2,889 | -€12,280 | €4,802 | -€23,152 | - |
| + Depreciation and write-downs630 | €111 | €1 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €18,645 | €5,561 | €449 | €2,889 | -€12,280 | €4,802 | -€23,152 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as FACADE-NETTE has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FACADE-NETTE itself: 4.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for FACADE-NETTE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-07-2025 | 2025-00350461 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00379620 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00338805 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20355657 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54800439 | |
| 31-12-2019 | full format | 21-09-2020 | 2020-55500180 | |
| 31-12-2018 | full format | 20-06-2019 | 2019-21300297 | |
| 31-12-2017 | full format | 26-06-2018 | 2018-25500507 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-24500549 | |
| 31-12-2015 | full format | 30-06-2016 | 2016-25800319 |