FLEDGE GROUP
InactiveFinancials · financial year 2024, micro format
Equity
€119,988▲ 41.6%
2023 · €84,721
Total assets
€551,185▲ 13.6%
2023 · €485,202
Net result
€35,267
2023 · -€28,046
Working capital
€45,748▲ 16.5%
2023 · €39,275
Trend over the years
2022 to 2024, 3 financial years
The operating result returns to profit in 2024: €46,884 after a loss of €22,248 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€46,884
2024
Net result€35,267
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€551,185
2024
Equity€119,988
2024
Debt€431,198
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€45,748
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
Line202220232024
Operating result€148,390--€22,248€46,884
Net result€110,767--€28,046€35,267
Equity€112,767-€84,721▼ 24.9%€119,988▲ 41.6%
Total assets€279,622-€485,202▲ 73.5%€551,185▲ 13.6%
Debt€166,855-€400,481▲ 140%€431,198▲ 7.7%
Working capital€104,820-€39,275▼ 62.5%€45,748▲ 16.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €551,185
Fixed assets
€325,227 ▲ 3.6%
Current assets
€225,958 ▲ 32.0%
Equity and liabilities €551,185
Equity
€119,988 ▲ 41.6%
Debt
€431,198 ▲ 7.7%
Debt's share of the balance-sheet total falls from 82.5% to 78.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59,275▲
2023 · €1,762
Cash flow
€47,659▲
2023 · -€4,036
Current ratio
1.25▼
2023 · 1.30
Debt to equity
3.59▼
2023 · 4.73
ROE
29.4%▲
2023 · -33.1%
ROA
6.4%▲
2023 · -5.8%
Interest coverage
9.32▲
2023 · 0.30
Debt ≤ 1 year
€180,210▲
2023 · €131,967
Debt > 1 year
€250,987▼
2023 · €268,514
Income taxes
€5,261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,886 | €24,010 | €12,392 | ▼ 48.4% |
| Other operating charges640/8 | €69 | €558 | €1,321 | ▲ 137% |
| Gross operating margin9900 | €151,345 | €2,320 | €60,597 | ▲ 26× |
| Operating profit (loss)9901 | €148,390 | -€22,248 | €46,884 | - |
| Financial income75/76B | €108 | - | €6 | - |
| Recurring financial income75 | €108 | - | €6 | - |
| Financial charges65/66B | €988 | €5,798 | €6,361 | ▲ 9.7% |
| Recurring financial charges65 | €988 | €5,798 | €6,361 | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | €147,510 | -€28,046 | €40,528 | - |
| Income taxes67/77 | €36,744 | - | €5,261 | - |
| Profit (loss) for the period9904 | €110,767 | -€28,046 | €35,267 | - |
| Profit (loss) for the period to be appropriated9905 | €110,767 | -€28,046 | €35,267 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €279,622 | €485,202 | €551,185 | ▲ 13.6% |
| Fixed assets21/28 | €7,946 | €313,959 | €325,227 | ▲ 3.6% |
| Tangible fixed assets22/27 | €7,946 | €313,959 | €325,227 | ▲ 3.6% |
| Land and buildings22 | - | €307,977 | €317,020 | ▲ 2.9% |
| Plant, machinery and equipment23 | €7,946 | €5,983 | €8,207 | ▲ 37.2% |
| Current assets29/58 | €271,675 | €171,243 | €225,958 | ▲ 32.0% |
| Amounts receivable within one year40/41 | €49,017 | €104,098 | €221,671 | ▲ 113% |
| Trade receivables40 | €48,840 | €102,760 | €218,721 | ▲ 113% |
| Other amounts receivable41 | €177 | €1,338 | €2,949 | ▲ 120% |
| Cash at bank and in hand54/58 | €222,392 | €66,414 | €3,684 | ▼ 94.5% |
| Deferred charges and accrued income490/1 | €267 | €731 | €603 | ▼ 17.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €279,622 | €485,202 | €551,185 | ▲ 13.6% |
| Equity10/15 | €112,767 | €84,721 | €119,988 | ▲ 41.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Contributions outside capital11 | €2,000 | €2,000 | €2,000 | = |
| Share premium1100/10 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €110,767 | €82,721 | €117,988 | ▲ 42.6% |
| Amounts payable17/49 | €166,855 | €400,481 | €431,198 | ▲ 7.7% |
| Amounts payable after more than one year17 | - | €268,514 | €250,987 | ▼ 6.5% |
| Financial debts170/4 | - | €268,514 | €250,987 | ▼ 6.5% |
| Amounts payable within one year42/48 | €166,855 | €131,967 | €180,210 | ▲ 36.6% |
| Current portion of amounts payable after more than one year42 | - | €17,741 | €17,526 | ▼ 1.2% |
| Trade debts44 | €124,021 | €71,908 | €130,970 | ▲ 82.1% |
| Suppliers440/4 | €124,021 | €71,908 | €130,970 | ▲ 82.1% |
| Taxes, remuneration and social security45 | €39,865 | €39,811 | €31,394 | ▼ 21.1% |
| Taxes450/3 | €39,865 | €39,811 | €31,394 | ▼ 21.1% |
| Other amounts payable47/48 | €2,969 | €2,508 | €320 | ▼ 87.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,767 | -€28,046 | €35,267 | - |
| + Depreciation and write-downs630 | €2,886 | €24,010 | €12,392 | ▼ 48.4% |
| Operating cash flow (approximation) | €113,653 | -€4,036 | €47,659 | - |
| Investment in fixed assets (approximation) | - | -€330,022 | -€23,660 | ▲ 92.8% |
| Change in cash | - | -€155,977 | -€62,730 | ▲ 59.8% |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2024 | micro format | 30-10-2024 | 2024-00519601 |
| 31-03-2023 | micro format | 26-10-2023 | 2023-00492967 |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478494 |
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.