FACTOR
InactiveFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 18-07-2025 PDF all 27 filings
Turnover
≈ €160,000
Estimated: probably between €99,000 and €300,000
Total assets
€219,485▲ 11.6%
2023 · €196,623
Net result
€12,288▼ 24.1%
2023 · €16,194
Working capital
-€61,032▼ 35.4%
2023 · -€45,070
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€13,333
▼ 24.6%
2024
20182024
Net result
€12,288
▼ 24.1%
2024
20182024
Equity
€125,936
▲ 1.9%
2024
20182024
Total assets
€219,485
▲ 11.6%
2024
20182024
Debt
€93,548
▲ 28.2%
2024
20182024
Working capital
-€61,032
▼ 35.4%
2024
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€7,297--€695-€12,828▼ 1,745%€3,590€31,955▲ 790%€17,674▼ 44.7%€13,333▼ 24.6%
Net result€1,904--€3,446-€15,956▼ 363%€20€29,762▲ 1,458×€16,194▼ 45.6%€12,288▼ 24.1%
Equity€142,675-€139,228▼ 2.4%€123,272▼ 11.5%€123,292=€123,454▲ 0.1%€123,648▲ 0.2%€125,936▲ 1.9%
Total assets€278,288-€262,486▼ 5.7%€246,644▼ 6.0%€213,379▼ 13.5%€212,499▼ 0.4%€196,623▼ 7.5%€219,485▲ 11.6%
Debt€133,813-€123,257▼ 7.9%€123,372▲ 0.1%€90,087▼ 27.0%€89,045▼ 1.2%€72,975▼ 18.0%€93,548▲ 28.2%
Working capital-€59,693--€67,526▼ 13.1%-€75,678▼ 12.1%-€66,499▲ 12.1%-€57,185▲ 14.0%-€45,070▲ 21.2%-€61,032▼ 35.4%
Staff (FTE)2.4-2▼ 16.7%1.3▼ 35.0%0.7▼ 46.2%
The operating result for 2024 is 25% lower than in 2023. It is the second fall in a row.
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
Assets €219,485
Fixed assets
€186,968 ▲ 10.8%
Current assets
€32,516 ▲ 16.5%
Equity and liabilities €219,485
Equity
€125,936 ▲ 1.9%
Debt
€93,548 ▲ 28.2%
Debt's share of the balance-sheet total rises from 37.1% to 42.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,533▼
2023 · €36,665
Cash flow
€29,489▼
2023 · €35,185
Current ratio
0.35▼
2023 · 0.38
Debt to equity
0.74▲
2023 · 0.59
ROE
9.8%▼
2023 · 13.1%
ROA
5.6%▼
2023 · 8.2%
Interest coverage
98.84▲
2023 · 33.16
Debt ≤ 1 year
€93,548▲
2023 · €72,975
Income taxes
€736▲
2023 · €392
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Average over the year, in full-time equivalents | 0.7 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €7,381 | €3,140 | €21,520 |
| Depreciation and write-downs of the year | €18,603 | €17,541 | €18,991 | €17,200 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €63,378 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,004 | €16,016 | €20,242 | €18,603 | €17,541 | €18,991 | €17,200 | ▼ 9.4% |
| Other operating charges640/8 | - | - | - | €2,734 | €22,411 | €3,097 | €7,526 | ▲ 143% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €2,896 | - |
| Gross operating margin9900 | €164,740 | €124,224 | €92,599 | €88,304 | €71,907 | €39,762 | €40,955 | ▲ 3.0% |
| Operating profit (loss)9901 | €7,297 | -€695 | -€12,828 | €3,590 | €31,955 | €17,674 | €13,333 | ▼ 24.6% |
| Financial income75/76B | - | - | - | - | - | €17 | €1 | ▼ 96.5% |
| Recurring financial income75 | - | - | - | - | - | €17 | €1 | ▼ 96.5% |
| Financial charges65/66B | - | - | - | €3,287 | €2,193 | €1,106 | €309 | ▼ 72.1% |
| Recurring financial charges65 | €3,264 | €2,251 | €2,814 | €3,287 | €2,193 | €1,106 | €309 | ▼ 72.1% |
| Profit (loss) for the period before taxes9903 | €4,033 | -€2,947 | -€15,642 | €303 | €29,762 | €16,586 | €13,025 | ▼ 21.5% |
| Income taxes67/77 | €2,129 | €500 | €314 | €282 | - | €392 | €736 | ▲ 87.8% |
| Profit (loss) for the period9904 | €1,904 | -€3,446 | -€15,956 | €20 | €29,762 | €16,194 | €12,288 | ▼ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €1,904 | -€3,446 | -€15,956 | €20 | €29,762 | €16,194 | €12,288 | ▼ 24.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €278,288 | €262,486 | €246,644 | €213,379 | €212,499 | €196,623 | €219,485 | ▲ 11.6% |
| Fixed assets21/28 | €249,710 | €233,694 | €213,453 | €194,850 | €184,690 | €168,718 | €186,968 | ▲ 10.8% |
| Tangible fixed assets22/27 | €100,854 | €84,838 | €64,596 | €45,994 | €35,834 | €19,982 | €38,232 | ▲ 91.3% |
| Land and buildings22 | - | - | - | €45,994 | €28,978 | €11,962 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €6,855 | €8,020 | €38,232 | ▲ 377% |
| Financial fixed assets28 | €148,856 | €148,856 | €148,856 | €148,856 | €148,856 | €148,736 | €148,736 | = |
| Current assets29/58 | €28,578 | €28,791 | €33,192 | €18,529 | €27,810 | €27,905 | €32,516 | ▲ 16.5% |
| Amounts receivable within one year40/41 | €27,488 | €27,963 | €32,935 | €16,879 | €13,749 | €9,266 | €9,417 | ▲ 1.6% |
| Trade receivables40 | - | - | - | €9,548 | €12,749 | €6,847 | €9,417 | ▲ 37.5% |
| Other amounts receivable41 | - | - | - | €7,331 | €1,000 | €2,418 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1,089 | €829 | €257 | €1,650 | €14,061 | €18,639 | €23,099 | ▲ 23.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €278,288 | €262,486 | €246,644 | €213,379 | €212,499 | €196,623 | €219,485 | ▲ 11.6% |
| Equity10/15 | €142,675 | €139,228 | €123,272 | €123,292 | €123,454 | €123,648 | €125,936 | ▲ 1.9% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Capital10 | - | - | - | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Issued capital100 | - | - | - | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €18,728 | €15,281 | €15,281 | €15,281 | €15,281 | €12,600 | €12,600 | = |
| Non-distributable reserves130/1 | - | - | - | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Legal reserve130 | - | - | - | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Distributable reserves133 | - | - | - | €2,681 | €2,681 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | -€15,956 | -€15,936 | -€15,774 | -€12,899 | -€10,610 | ▲ 17.7% |
| Provisions and deferred taxes16 | €1,800 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €133,813 | €123,257 | €123,372 | €90,087 | €89,045 | €72,975 | €93,548 | ▲ 28.2% |
| Amounts payable after more than one year17 | €43,793 | €26,940 | €14,503 | €5,059 | €4,050 | €0 | - | - |
| Financial debts170/4 | - | - | - | €1,009 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €4,050 | €4,050 | €0 | - | - |
| Amounts payable within one year42/48 | €88,270 | €96,317 | €108,869 | €85,028 | €84,995 | €72,975 | €93,548 | ▲ 28.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,144 | €1,009 | €0 | - | - |
| Financial debts43 | - | - | - | €63,875 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €63,875 | - | - | - | - |
| Trade debts44 | €14,238 | €13,435 | €18,775 | €4,473 | €2,973 | €129 | €17,724 | ▲ 137× |
| Suppliers440/4 | - | - | - | €4,473 | €2,973 | €129 | €17,724 | ▲ 137× |
| Taxes, remuneration and social security45 | - | - | - | €4,395 | €1,115 | €1,061 | €2,133 | ▲ 101% |
| Taxes450/3 | - | - | - | €4,395 | €1,115 | €1,061 | €2,133 | ▲ 101% |
| Other amounts payable47/48 | - | - | - | €141 | €79,898 | €71,786 | €73,690 | ▲ 2.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,904 | -€3,446 | -€15,956 | €20 | €29,762 | €16,194 | €12,288 | ▼ 24.1% |
| + Depreciation and write-downs630 | €24,004 | €16,016 | €20,242 | €18,603 | €17,541 | €18,991 | €17,200 | ▼ 9.4% |
| Operating cash flow (approximation) | €25,908 | €12,570 | €4,285 | €18,623 | €47,303 | €35,185 | €29,489 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,381 | -€3,020 | -€35,450 | ▼ 1,074% |
| Change in cash | - | -€260 | -€572 | €1,393 | €12,411 | €4,579 | €4,459 | ▼ 2.6% |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 18-07-2025 | 2025-00285419 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00244404 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00148690 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20085895 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25200222 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-21200328 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57500425 | |
| 31-12-2017 | micro format | 10-08-2018 | 2018-45400047 | |
| 31-12-2016 | micro format | 14-08-2017 | 2017-43600151 | |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-48700363 |