FIT2FUNCTION
InactiveFrom the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2024, micro format
2024 annual accounts filed late (4 days) Filed on 4 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00355350.
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 04-08-2025
- Format
- micro format
- Reference
- 2025-00355350
Turnover
≈ €9,100
Estimated: probably between €4,100 and €22,000
Total assets
€1,392▼ 50.8%
2023 · €2,832
Net result
-€228
2023 · €1,453
Working capital
-€16,406▲ 1.2%
2023 · -€16,612
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 94% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€127
2024
Net result-€228
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1,392
2024
Equity-€55,327
2024
Debt€56,720
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€16,406
2024
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-€6,060--€6,071▼ 0.2%-€13,680▼ 125%€2,089-€917€2,040€127▼ 93.8%
Net result-€7,293--€6,945▲ 4.8%-€16,041▼ 131%-€244▲ 98.5%-€1,485▼ 509%€1,453-€228
Equity-€31,837--€38,782▼ 21.8%-€54,823▼ 41.4%-€55,067▼ 0.4%-€56,553▼ 2.7%-€55,100▲ 2.6%-€55,327▼ 0.4%
Total assets€25,128-€18,789▼ 25.2%€4,337▼ 76.9%€2,320▼ 46.5%€1,609▼ 30.7%€2,832▲ 76.0%€1,392▼ 50.8%
Debt€56,965-€57,572▲ 1.1%€59,161▲ 2.8%€57,388▼ 3.0%€58,162▲ 1.3%€57,931▼ 0.4%€56,720▼ 2.1%
Working capital€13,391-€8,509▼ 36.5%-€17,401-€16,731▲ 3.8%-€17,721▼ 5.9%-€16,612▲ 6.3%-€16,406▲ 1.2%
Staff (FTE)1.2-
Turnover and EBIT margin 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 €1,392
Fixed assets
€1,078 ▼ 28.7%
Current assets
€314 ▼ 76.2%
Equity and liabilities
Equity-€55,327
Debt€56,720
Equity is negative: debt (€56,720) exceeds the balance-sheet total (€1,392).
Key figures and ratios
EBITDA
€561▼
2023 · €2,406
Cash flow
€207▼
2023 · €1,819
Interest coverage
1.58▼
2023 · 4.27
Debt ≤ 1 year
€16,720▼
2023 · €17,931
Debt > 1 year
€40,000=
2023 · €40,000
Ratios withheld: a balance sheet total of €1,392 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,422 | €1,521 | €1,661 | €913 | €496 | €366 | €434 | ▲ 18.6% |
| Other operating charges640/8 | - | - | - | €1,577 | €908 | €413 | €619 | ▲ 49.8% |
| Gross operating margin9900 | €23,368 | €1,049 | -€8,147 | €4,579 | €487 | €2,820 | €1,180 | ▼ 58.1% |
| Operating profit (loss)9901 | -€6,060 | -€6,071 | -€13,680 | €2,089 | -€917 | €2,040 | €127 | ▼ 93.8% |
| Financial income75/76B | - | - | - | €0 | - | €3 | - | - |
| Recurring financial income75 | €1 | €31 | €3 | €0 | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €453 | €303 | €563 | €354 | ▼ 37.1% |
| Recurring financial charges65 | €1,073 | €759 | €530 | €453 | €303 | €563 | €354 | ▼ 37.1% |
| Profit (loss) for the period before taxes9903 | -€7,132 | -€6,799 | -€14,207 | €1,636 | -€1,219 | €1,480 | -€228 | - |
| Income taxes67/77 | €161 | €146 | €1,834 | €1,880 | €266 | €27 | - | - |
| Profit (loss) for the period9904 | -€7,293 | -€6,945 | -€16,041 | -€244 | -€1,485 | €1,453 | -€228 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,293 | -€6,945 | -€16,041 | -€244 | -€1,485 | €1,453 | -€228 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €25,128 | €18,789 | €4,337 | €2,320 | €1,609 | €2,832 | €1,392 | ▼ 50.8% |
| Fixed assets21/28 | €4,772 | €3,250 | €2,577 | €1,664 | €1,169 | €1,512 | €1,078 | ▼ 28.7% |
| Tangible fixed assets22/27 | €4,772 | €3,250 | €2,577 | €1,664 | €1,169 | €1,512 | €1,078 | ▼ 28.7% |
| Plant, machinery and equipment23 | - | - | - | €1,664 | €1,169 | €971 | €773 | ▼ 20.3% |
| Furniture and vehicles24 | - | - | - | - | - | €541 | €305 | ▼ 43.7% |
| Current assets29/58 | €20,356 | €15,539 | €1,760 | €656 | €441 | €1,319 | €314 | ▼ 76.2% |
| Amounts receivable within one year40/41 | €17,635 | €15,539 | €1,760 | €656 | €441 | €1,319 | - | - |
| Trade receivables40 | - | - | - | €80 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €576 | €441 | €1,319 | - | - |
| Cash at bank and in hand54/58 | €2,394 | - | - | - | - | - | €314 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €25,128 | €18,789 | €4,337 | €2,320 | €1,609 | €2,832 | €1,392 | ▼ 50.8% |
| Equity10/15 | -€31,837 | -€38,782 | -€54,823 | -€55,067 | -€56,553 | -€55,100 | -€55,327 | ▼ 0.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€51,837 | -€58,782 | -€74,823 | -€75,067 | -€76,553 | -€75,100 | -€75,327 | ▼ 0.3% |
| Amounts payable17/49 | €56,965 | €57,572 | €59,161 | €57,388 | €58,162 | €57,931 | €56,720 | ▼ 2.1% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Financial debts170/4 | - | - | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Amounts payable within one year42/48 | €6,965 | €7,030 | €19,161 | €17,388 | €18,162 | €17,931 | €16,720 | ▼ 6.8% |
| Financial debts43 | - | - | - | €87 | €242 | €1,293 | - | - |
| Credit institutions430/8 | - | - | - | €87 | €242 | €1,293 | - | - |
| Trade debts44 | €2,806 | - | €8,999 | €8 | €775 | - | €1,089 | - |
| Suppliers440/4 | - | - | - | €8 | €775 | - | €1,089 | - |
| Taxes, remuneration and social security45 | - | - | - | €533 | €480 | €294 | - | - |
| Taxes450/3 | - | - | - | €533 | €480 | €294 | - | - |
| Other amounts payable47/48 | - | - | - | €16,760 | €16,666 | €16,345 | €15,631 | ▼ 4.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,293 | -€6,945 | -€16,041 | -€244 | -€1,485 | €1,453 | -€228 | - |
| + Depreciation and write-downs630 | €3,422 | €1,521 | €1,661 | €913 | €496 | €366 | €434 | ▲ 18.6% |
| Operating cash flow (approximation) | -€3,871 | -€5,424 | -€14,380 | €669 | -€990 | €1,819 | €207 | ▼ 88.6% |
| Investment in fixed assets (approximation) | - | €0 | -€988 | €0 | €0 | -€710 | €0 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 04-08-2025 | 2025-00355350 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00286862 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00269840 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118117 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-63900021 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38200338 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-35900464 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-51800162 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-36800231 | |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-47000305 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.