Final Touch
Open bankruptcyFinancials · financial year 2025, abbreviated format
2025 annual accounts filed late (6 days) Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384599.
Equity
€11,916▼ 83.6%
2024 · €72,693
Total assets
€70,700▼ 6.0%
2024 · €75,222
Net result
-€60,777
2024 · €9,501
Working capital
€7,266▼ 81.9%
2024 · €40,077
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result turns negative in 2025: a loss of €17,570 after €9,501 in 2024, 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-€17,570
2025
Net result-€60,777
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€70,700
2025
Equity€11,916
2025
Debt€58,784
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€7,266
2025
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)-86.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency16.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.12
2025
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
Line202020212022202320242025
Operating result€31,979-€14,846▼ 53.6%€3,000▼ 79.8%€10,867▲ 262%€9,501▼ 12.6%-€17,570
Net result€31,979above the sector's middle half-€14,846within the sector's middle half▼ 53.6%€3,000within the sector's middle half▼ 79.8%€10,867within the sector's middle half▲ 262%€9,501within the sector's middle half▼ 12.6%-€60,777below the sector's middle half
Equity€34,479within the sector's middle half-€49,326within the sector's middle half▲ 43.1%€52,326within the sector's middle half▲ 6.1%€63,192within the sector's middle half▲ 20.8%€72,693within the sector's middle half▲ 15.0%€11,916below the sector's middle half▼ 83.6%
Total assets€147,710within the sector's middle half-€51,872below the sector's middle half▼ 64.9%€117,358within the sector's middle half▲ 126%€109,666within the sector's middle half▼ 6.6%€75,222within the sector's middle half▼ 31.4%€70,700below the sector's middle half▼ 6.0%
Debt€113,230-€2,546▼ 97.8%€65,033▲ 26×€46,474▼ 28.5%€2,529▼ 94.6%€58,784▲ 23×
Working capital€33,699within the sector's middle half-€24,770within the sector's middle half▼ 26.5%€81,907within the sector's middle half▲ 231%€73,604within the sector's middle half▼ 10.1%€40,077within the sector's middle half▼ 45.6%€7,266below the sector's middle half▼ 81.9%
Solvency23.3%within the sector's middle half-95.1%above the sector's middle half▲ 71.7pp44.6%within the sector's middle half▼ 50.5pp57.6%within the sector's middle half▲ 13.0pp96.6%above the sector's middle half▲ 39.0pp16.9%below the sector's middle half▼ 79.8pp
Current ratio1.30within the sector's middle half-10.73above the sector's middle half▲ 9.439.94above the sector's middle half▼ 0.799.61above the sector's middle half▼ 0.3216.85above the sector's middle half▲ 7.241.12below the sector's middle half▼ 15.72
Return on assets (ROA)21.7%above the sector's middle half-28.6%above the sector's middle half▲ 7.0pp2.6%within the sector's middle half▼ 26.1pp9.9%within the sector's middle half▲ 7.4pp12.6%within the sector's middle half▲ 2.7pp-86.0%below the sector's middle half▼ 98.6pp
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 abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,700
Fixed assets
€4,650 ▼ 85.7%
Current assets
€66,050 ▲ 55.0%
Equity and liabilities €70,700
Equity
€11,916 ▼ 83.6%
Debt
€58,784 ▲ 23×
Debt's share of the balance-sheet total rises from 3.4% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,304
Cash flow
-€60,511
Debt to equity
4.93▲
2024 · 0.03
ROE
-510.0%▼
2024 · 13.1%
Interest coverage
-3.88
Debt ≤ 1 year
€58,784▲
2024 · €2,529
Income taxes
€38,744
Staff costs
€13,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €13,803 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219 | - | €6,783 | €6,783 | - | €266 | - |
| Other operating charges640/8 | - | €4,784 | €4,101 | €4,708 | €7,433 | €3,830 | ▼ 48.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €23,132 | - |
| Gross operating margin9900 | €33,219 | €19,630 | €13,883 | €22,358 | €16,933 | €23,460 | ▲ 38.5% |
| Operating profit (loss)9901 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€17,570 | - |
| Financial charges65/66B | - | - | €0 | - | - | €4,462 | - |
| Recurring financial charges65 | - | - | €0 | - | - | €4,462 | - |
| Profit (loss) for the period before taxes9903 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€22,032 | - |
| Income taxes67/77 | - | - | - | - | - | €38,744 | - |
| Profit (loss) for the period9904 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€60,777 | - |
| Profit (loss) for the period to be appropriated9905 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€60,777 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €147,710 | €51,872 | €117,358 | €109,666 | €75,222 | €70,700 | ▼ 6.0% |
| Fixed assets21/28 | €781 | €24,555 | €26,286 | €27,515 | €32,616 | €4,650 | ▼ 85.7% |
| Intangible fixed assets21 | - | - | €3,000 | €3,000 | €1,800 | - | - |
| Tangible fixed assets22/27 | €781 | €24,555 | €19,686 | €20,915 | €27,216 | €1,050 | ▼ 96.1% |
| Plant, machinery and equipment23 | - | - | - | €8,012 | €6,007 | €1,050 | ▼ 82.5% |
| Furniture and vehicles24 | - | €24,555 | €19,686 | €12,903 | €21,209 | - | - |
| Financial fixed assets28 | - | - | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Current assets29/58 | €146,929 | €27,316 | €91,073 | €82,151 | €42,606 | €66,050 | ▲ 55.0% |
| Stocks and contracts in progress3 | €52,758 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €91,960 | €12,550 | €86,436 | €80,816 | €38,122 | €31,114 | ▼ 18.4% |
| Trade receivables40 | - | €12,538 | €83,645 | €47,783 | €19,921 | €7,647 | ▼ 61.6% |
| Other amounts receivable41 | - | €11 | €2,791 | €33,033 | €18,201 | €23,468 | ▲ 28.9% |
| Current investments50/53 | - | €8,540 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,211 | €6,226 | €4,637 | €1,335 | €4,484 | €12 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €34,924 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €147,710 | €51,872 | €117,358 | €109,666 | €75,222 | €70,700 | ▼ 6.0% |
| Equity10/15 | €34,479 | €49,326 | €52,326 | €63,192 | €72,693 | €11,916 | ▼ 83.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Issued capital100 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €31,979 | €46,826 | €49,826 | €60,692 | €70,193 | €9,416 | ▼ 86.6% |
| Amounts payable17/49 | €113,230 | €2,546 | €65,033 | €46,474 | €2,529 | €58,784 | ▲ 23× |
| Amounts payable within one year42/48 | €113,230 | €2,546 | €9,166 | €8,547 | €2,529 | €58,784 | ▲ 23× |
| Trade debts44 | €47,230 | €2,546 | €3,166 | €2,547 | €1,582 | €2,634 | ▲ 66.4% |
| Suppliers440/4 | - | €2,546 | €3,166 | €2,547 | €1,582 | €2,634 | ▲ 66.4% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €56,150 | - |
| Taxes450/3 | - | - | - | - | - | €56,150 | - |
| Other amounts payable47/48 | - | - | €6,000 | €6,000 | €946 | - | - |
| Accrued charges and deferred income492/3 | - | - | €55,867 | €37,927 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€60,777 | - |
| + Depreciation and write-downs630 | €219 | - | €6,783 | €6,783 | - | €266 | - |
| Operating cash flow (approximation) | €32,199 | €14,846 | €9,783 | €17,649 | €9,501 | -€60,511 | - |
| Investment in fixed assets (approximation) | - | -€23,774 | -€8,513 | -€8,012 | -€5,101 | €27,700 | - |
| Change in cash | - | €4,016 | -€1,590 | -€3,302 | €3,149 | -€4,472 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-08-2026 | 2026-00384599 |
| 31-12-2024 | micro format | 13-10-2025 | 2025-00540534 |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00483683 |
| 31-12-2022 | micro format | 18-11-2025 | 2025-00570023 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20419057 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400120 |
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Of the 3,899 active companies whose main activity is floor and wall tiling (NACE 43331), figures are known for 1,810. 1,195 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.