FACTOR ENGINEERING
abbreviatedFACTOR - EDissolved and wound upFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-10-2025 PDF all 18 filings
Turnover
€0▼ 100%
2019 · €5,537
EBIT margin
-51.5%
Net result
-€8,808
2024 · €78,677
Working capital
€44,754▲ 23.9%
2024 · €36,127
Multi-year overview
2019 to 2025, 6 financial yearsTurnover
no figure
2025
20192025
Operating result
-€6,178
2025
20192025
Net result
-€8,808
2025
20192025
EBIT margin
no figure
2025
20192025
Equity
€44,690
▼ 16.5%
2025
20192025
Total assets
€81,890
▼ 51.4%
2025
20192025
Debt
€37,200
▼ 67.7%
2025
20192025
Working capital
€44,754
▲ 23.9%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920212022202320242025
Turnover€5,537-€0-
Operating result-€2,852--€6,349-€3,546€60,703▲ 17×€100,325▲ 65.3%-€6,178
Net result-€2,896--€6,409-€3,493€60,324▲ 17×€78,677▲ 30.4%-€8,808
EBIT margin-51.5%-
Equity-€78,226--€88,995--€85,502▲ 3.9%-€25,179▲ 70.6%€53,498€44,690▼ 16.5%
Total assets€5,480-€704-€5,443▲ 674%€64,029▲ 12×€168,503▲ 163%€81,890▼ 51.4%
Debt€83,706-€89,698-€90,945▲ 1.4%€89,207▼ 1.9%€115,005▲ 28.9%€37,200▼ 67.7%
Working capital-€77,144--€87,995--€85,502▲ 2.8%-€30,712▲ 64.1%€36,127€44,754▲ 23.9%
The operating result for 2025 is a loss of €6,178, after a profit of €100,325 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €81,890
Equity
€44,690 ▼ 16.5%
Debt
€37,200 ▼ 67.7%
Debt's share of the balance-sheet total falls from 68.3% to 45.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,178▼
2024 · €103,998
Cash flow
-€8,808▼
2024 · €82,349
Current ratio
2.21▲
2024 · 1.35
Debt to equity
0.83▼
2024 · 2.15
ROE
-19.7%▼
2024 · 147.1%
ROA
-10.8%▼
2024 · 46.7%
Interest coverage
-2.61▼
2024 · over 100
Debt ≤ 1 year
€37,137▼
2024 · €102,055
Debt > 1 year
€0▼
2024 · €12,950
Income taxes
€262▼
2024 · €20,719
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2021 | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €5,707 | €28,459 | - |
| Depreciation and write-downs of the year | - | - | €173 | €3,673 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €5,537 | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €5,814 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €173 | €3,673 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €536 | €1,047 | €719 | €2,276 | €15,074 | ▲ 562% |
| Gross operating margin9900 | -€2,198 | -€5,814 | €4,593 | €61,595 | €106,274 | €8,896 | ▼ 91.6% |
| Operating profit (loss)9901 | -€2,852 | -€6,349 | €3,546 | €60,703 | €100,325 | -€6,178 | - |
| Financial income75/76B | - | - | - | €17 | €0 | - | - |
| Recurring financial income75 | - | - | - | €17 | €0 | - | - |
| Financial charges65/66B | - | €59 | €54 | €397 | €929 | €2,367 | ▲ 155% |
| Recurring financial charges65 | €44 | €59 | €54 | €397 | €929 | €2,367 | ▲ 155% |
| Non-recurring financial charges66B | - | €59 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2,896 | -€6,409 | €3,493 | €60,324 | €99,396 | -€8,546 | - |
| Income taxes67/77 | - | - | - | - | €20,719 | €262 | ▼ 98.7% |
| Profit (loss) for the period9904 | -€2,896 | -€6,409 | €3,493 | €60,324 | €78,677 | -€8,808 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,896 | -€6,409 | €3,493 | €60,324 | €78,677 | -€8,808 | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €5,480 | €704 | €5,443 | €64,029 | €168,503 | €81,890 | ▼ 51.4% |
| Fixed assets21/28 | - | - | - | €5,534 | €30,321 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | - | €5,534 | €30,321 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €5,534 | €30,321 | €0 | ▼ 100% |
| Current assets29/58 | €5,480 | €704 | €5,443 | €58,495 | €138,183 | €81,890 | ▼ 40.7% |
| Amounts receivable within one year40/41 | €5,480 | €525 | €530 | €23,400 | €17,243 | €1,238 | ▼ 92.8% |
| Trade receivables40 | - | €525 | - | €23,400 | €17,243 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €530 | €0 | - | €1,238 | - |
| Cash at bank and in hand54/58 | €0 | €178 | €4,913 | €35,095 | €120,589 | €80,653 | ▼ 33.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €350 | €0 | ▼ 100% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €5,480 | €704 | €5,443 | €64,029 | €168,503 | €81,890 | ▼ 51.4% |
| Equity10/15 | -€78,226 | -€88,995 | -€85,502 | -€25,179 | €53,498 | €44,690 | ▼ 16.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €34,898 | €34,898 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €34,898 | €34,898 | = |
| Profit (loss) carried forward14 | -€98,686 | -€109,455 | -€105,962 | -€45,639 | €0 | -€8,808 | - |
| Amounts payable17/49 | €83,706 | €89,698 | €90,945 | €89,207 | €115,005 | €37,200 | ▼ 67.7% |
| Amounts payable after more than one year17 | €82 | - | - | - | €12,950 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | €12,950 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €82,624 | €88,698 | €90,945 | €89,207 | €102,055 | €37,137 | ▼ 63.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,153 | €0 | ▼ 100% |
| Trade debts44 | €12,958 | €9,937 | €3,329 | €4,524 | €5,272 | €1,051 | ▼ 80.1% |
| Suppliers440/4 | - | €9,937 | €3,329 | €4,524 | €5,272 | €1,051 | ▼ 80.1% |
| Taxes, remuneration and social security45 | - | €1,161 | €560 | €8,221 | €21,552 | €1,029 | ▼ 95.2% |
| Taxes450/3 | - | €1,161 | €560 | €8,221 | €21,552 | €1,029 | ▼ 95.2% |
| Other amounts payable47/48 | - | €77,601 | €87,057 | €76,463 | €67,078 | €35,057 | ▼ 47.7% |
| Accrued charges and deferred income492/3 | - | €1,000 | €0 | - | - | €64 | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,896 | -€6,409 | €3,493 | €60,324 | €78,677 | -€8,808 | - |
| + Depreciation and write-downs630 | - | - | - | €173 | €3,673 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€2,896 | -€6,409 | €3,493 | €60,497 | €82,349 | -€8,808 | - |
| Investment in fixed assets (approximation) | - | - | - | - | -€28,459 | €30,321 | - |
| Change in cash | - | - | €4,734 | €30,182 | €85,494 | -€39,937 | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 20-10-2025 | 2025-00545272 | |
| 31-03-2024 | micro format | 18-12-2024 | 2024-00618637 | |
| 31-03-2023 | micro format | 07-07-2023 | 2023-00214765 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20484967 | |
| 31-03-2021 | micro format | 11-05-2022 | 2022-20024577 | |
| 31-03-2019 | micro format | 17-01-2020 | 2020-01500479 | |
| 31-03-2018 | micro format | 03-09-2018 | 2018-61100081 | |
| 31-03-2017 | micro format | 25-07-2018 | 2018-38000467 | |
| 31-03-2016 | abbreviated format | 05-09-2018 | 2018-62000580 | |
| 31-03-2013 | abbreviated format | 30-01-2014 | 2014-02500043 |