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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2023 filed on 24-07-2024 PDF all 9 filings
Equity
-€94,953▼ 24.0%
2022 · -€76,572
Total assets
€6,319▼ 58.7%
2022 · €15,291
Net result
-€18,381▼ 51.6%
2022 · -€12,123
Working capital
-€30,839▼ 135%
2022 · -€13,150
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€18,086
▼ 52.5%
2023
20182023
Net result
-€18,381
▼ 51.6%
2023
lowest quarter of the sector
20182023
Equity
-€94,953
▼ 24.0%
2023
lowest quarter of the sector
20182023
Total assets
€6,319
▼ 58.7%
2023
lowest quarter of the sector
20182023
Debt
€101,272
▲ 10.2%
2023
20182023
Working capital
-€30,839
▼ 135%
2023
lowest quarter of the sector
20182023
Solvency
no figure
2023
20182023
Current ratio
0.15
▼ 0.37
2023
lowest quarter of the sector
20182023
Return on assets (ROA)
-290.9%
▼ 211.6pp
2023
lowest quarter of the sector
20182023
Staff (FTE)
no figure
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€10,090--€14,391▼ 42.6%€1,693-€3,859-€11,861▼ 207%-€18,086▼ 52.5%
Net result-€11,036--€15,542▼ 40.8%€643within the sector's middle half-€4,351below the sector's middle half-€12,123below the sector's middle half▼ 179%-€18,381below the sector's middle half▼ 51.6%
Equity-€45,199--€60,741▼ 34.4%-€60,097below the sector's middle half▲ 1.1%-€64,448below the sector's middle half▼ 7.2%-€76,572below the sector's middle half▼ 18.8%-€94,953below the sector's middle half▼ 24.0%
Total assets€21,552-€24,265▲ 12.6%€19,675below the sector's middle half▼ 18.9%€20,007below the sector's middle half▲ 1.7%€15,291below the sector's middle half▼ 23.6%€6,319below the sector's middle half▼ 58.7%
Debt€66,751-€85,006▲ 27.3%€79,772▼ 6.2%€84,456▲ 5.9%€91,863▲ 8.8%€101,272▲ 10.2%
Working capital€5,023-€9,538▲ 89.9%€8,281within the sector's middle half▼ 13.2%€1,452within the sector's middle half▼ 82.5%-€13,150below the sector's middle half-€30,839below the sector's middle half▼ 135%
Solvency-209.7%--250.3%▼ 40.6pp-305.5%below the sector's middle half▼ 55.1pp-322.1%below the sector's middle half▼ 16.7pp-500.8%below the sector's middle half▼ 178.6pp
Current ratio1.44-1.73▲ 0.291.80within the sector's middle half▲ 0.071.08within the sector's middle half▼ 0.720.52below the sector's middle half▼ 0.560.15below the sector's middle half▼ 0.37
Return on assets (ROA)-51.2%--64.0%▼ 12.8pp3.3%within the sector's middle half▲ 67.3pp-21.7%below the sector's middle half▼ 25.0pp-79.3%below the sector's middle half▼ 57.5pp-290.9%below the sector's middle half▼ 211.6pp
Staff (FTE)0.4-
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €18,086, larger than the loss of €11,861 in 2022. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €6,319
Fixed assets
€756 ▼ 12.0%
Current assets
€5,563 ▼ 61.5%
Equity and liabilities
Equity-€94,953
Debt€101,272
Equity is negative. Debt (€101,272) exceeds the balance-sheet total (€6,319).
Key figures and ratios
EBITDA
-€17,982▼
2022 · -€11,758
Cash flow
-€18,278▼
2022 · -€12,020
Interest coverage
-60.86▼
2022 · -44.81
Debt ≤ 1 year
€36,402▲
2022 · €27,581
Debt > 1 year
€64,870▲
2022 · €64,282
A ratio outside any meaningful range has been withheld (balance sheet total €6,319, equity -€94,953).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,796 | €3,471 | €1,015 | €104 | €104 | €104 | = |
| Other operating charges640/8 | - | - | - | €101 | €102 | €5,109 | ▲ 50× |
| Gross operating margin9900 | €8,433 | -€306 | €4,081 | -€3,655 | -€11,656 | -€12,873 | ▼ 10.4% |
| Operating profit (loss)9901 | -€10,090 | -€14,391 | €1,693 | -€3,859 | -€11,861 | -€18,086 | ▼ 52.5% |
| Financial income75/76B | - | - | - | €88 | - | - | - |
| Recurring financial income75 | €112 | €1 | €111 | €88 | - | - | - |
| Financial charges65/66B | - | - | - | €580 | €262 | €295 | ▲ 12.6% |
| Recurring financial charges65 | €1,059 | €1,151 | €1,161 | €580 | €262 | €295 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | -€11,036 | -€15,542 | €643 | -€4,351 | -€12,123 | -€18,381 | ▼ 51.6% |
| Profit (loss) for the period9904 | -€11,036 | -€15,542 | €643 | -€4,351 | -€12,123 | -€18,381 | ▼ 51.6% |
| Profit (loss) for the period to be appropriated9905 | -€11,036 | -€15,542 | €643 | -€4,351 | -€12,123 | -€18,381 | ▼ 51.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €21,552 | €24,265 | €19,675 | €20,007 | €15,291 | €6,319 | ▼ 58.7% |
| Fixed assets21/28 | €5,107 | €1,636 | €1,066 | €963 | €859 | €756 | ▼ 12.0% |
| Intangible fixed assets21 | €2,772 | €911 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,335 | €725 | €1,066 | €963 | €859 | €756 | ▼ 12.0% |
| Plant, machinery and equipment23 | - | - | - | €963 | €859 | €756 | ▼ 12.0% |
| Current assets29/58 | €16,445 | €22,630 | €18,609 | €19,045 | €14,432 | €5,563 | ▼ 61.5% |
| Stocks and contracts in progress3 | €6,811 | €6,301 | €11,085 | €6,074 | €6,074 | - | - |
| Stocks30/36 | - | - | - | €6,074 | €6,074 | - | - |
| Amounts receivable within one year40/41 | €6,329 | €12,202 | €5,324 | €8,532 | €6,713 | €5,254 | ▼ 21.7% |
| Trade receivables40 | - | - | - | €8,441 | €6,543 | €4,700 | ▼ 28.2% |
| Other amounts receivable41 | - | - | - | €91 | €170 | €554 | ▲ 225% |
| Cash at bank and in hand54/58 | €3,304 | €4,126 | €2,200 | €4,438 | €1,272 | €309 | ▼ 75.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €372 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €21,552 | €24,265 | €19,675 | €20,007 | €15,291 | €6,319 | ▼ 58.7% |
| Equity10/15 | -€45,199 | -€60,741 | -€60,097 | -€64,448 | -€76,572 | -€94,953 | ▼ 24.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€63,799 | -€79,341 | -€78,697 | -€83,048 | -€95,172 | -€113,553 | ▼ 19.3% |
| Amounts payable17/49 | €66,751 | €85,006 | €79,772 | €84,456 | €91,863 | €101,272 | ▲ 10.2% |
| Amounts payable after more than one year17 | €55,329 | €71,914 | €69,445 | €66,863 | €64,282 | €64,870 | ▲ 0.9% |
| Financial debts170/4 | - | - | - | €7,863 | €5,282 | - | - |
| Other amounts payable178/9 | - | - | - | €59,000 | €59,000 | €64,870 | ▲ 9.9% |
| Amounts payable within one year42/48 | €11,422 | €13,092 | €10,327 | €17,593 | €27,581 | €36,402 | ▲ 32.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,137 | €14,718 | €20,000 | ▲ 35.9% |
| Trade debts44 | €2,568 | €4,987 | €560 | €2,043 | €3,676 | €2,838 | ▼ 22.8% |
| Suppliers440/4 | - | - | - | €2,043 | €3,676 | €2,838 | ▼ 22.8% |
| Taxes, remuneration and social security45 | - | - | - | €2,447 | - | €504 | - |
| Taxes450/3 | - | - | - | €447 | - | €504 | - |
| Remuneration and social security454/9 | - | - | - | €2,000 | - | - | - |
| Other amounts payable47/48 | - | - | - | €966 | €9,187 | €13,060 | ▲ 42.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,036 | -€15,542 | €643 | -€4,351 | -€12,123 | -€18,381 | ▼ 51.6% |
| + Depreciation and write-downs630 | €5,796 | €3,471 | €1,015 | €104 | €104 | €104 | = |
| Operating cash flow (approximation) | -€5,239 | -€12,070 | €1,658 | -€4,248 | -€12,020 | -€18,278 | ▼ 52.1% |
| Investment in fixed assets (approximation) | - | €0 | -€445 | €0 | €0 | €0 | - |
| Change in cash | - | €822 | -€1,926 | €2,238 | -€3,166 | -€963 | ▲ 69.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 24-07-2024 | 2024-00308162 | |
| 31-12-2022 | micro format | 11-10-2023 | 2023-00482029 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349129 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-28200389 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-35600364 | |
| 31-12-2018 | micro format | 23-07-2019 | 2019-36800172 | |
| 31-12-2017 | micro format | 26-04-2018 | 2018-10800071 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-57600090 | |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-29100561 |