FORMAT C COMMUNICATIONS
Open bankruptcyFinancials · financial year 2024, abbreviated format
Equity
€182,537▼ 16.6%
2023 · €218,855
Total assets
€484,104▼ 7.6%
2023 · €523,918
Net result
-€36,318▲ 59.3%
2023 · -€89,267
Working capital
€158,593▼ 15.6%
2023 · €187,863
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €26,425 in 2024 against €87,919 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€26,425
2024
Net result-€36,318
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€484,104
2024
Equity€182,537
2024
Debt€301,567
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€158,593
2024
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)-7.5%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency37.7%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.54
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result-€15,928-€35,082€59,194▲ 68.7%€98,547▲ 66.5%-€87,919-€26,425▲ 69.9%
Net result-€29,653-€19,382within the sector's middle half€37,997within the sector's middle half▲ 96.0%€83,764within the sector's middle half▲ 120%-€89,267below the sector's middle half-€36,318below the sector's middle half▲ 59.3%
Equity€166,978-€186,360within the sector's middle half▲ 11.6%€224,357within the sector's middle half▲ 20.4%€308,122within the sector's middle half▲ 37.3%€218,855within the sector's middle half▼ 29.0%€182,537within the sector's middle half▼ 16.6%
Total assets€588,400-€581,771within the sector's middle half▼ 1.1%€602,541within the sector's middle half▲ 3.6%€628,606within the sector's middle half▲ 4.3%€523,918within the sector's middle half▼ 16.7%€484,104below the sector's middle half▼ 7.6%
Debt€421,422-€395,411▼ 6.2%€378,184▼ 4.4%€320,484▼ 15.3%€305,062▼ 4.8%€301,567▼ 1.1%
Working capital€264,416-€259,555within the sector's middle half▼ 1.8%€269,157within the sector's middle half▲ 3.7%€322,086within the sector's middle half▲ 19.7%€187,863within the sector's middle half▼ 41.7%€158,593within the sector's middle half▼ 15.6%
Solvency28.4%-32.0%within the sector's middle half▲ 3.7pp37.2%within the sector's middle half▲ 5.2pp49.0%within the sector's middle half▲ 11.8pp41.8%within the sector's middle half▼ 7.2pp37.7%within the sector's middle half▼ 4.1pp
Current ratio1.91-1.92within the sector's middle half=1.89within the sector's middle half▼ 0.022.14within the sector's middle half▲ 0.251.64within the sector's middle half▼ 0.511.54within the sector's middle half▼ 0.10
Return on assets (ROA)-5.0%-3.3%within the sector's middle half▲ 8.4pp6.3%within the sector's middle half▲ 3.0pp13.3%above the sector's middle half▲ 7.0pp-17.0%below the sector's middle half▼ 30.4pp-7.5%below the sector's middle half▲ 9.5pp
Staff (FTE)2.8-2.8within the sector's middle half=2.8within the sector's middle half=2.6within the sector's middle half▼ 7.1%2within the sector's middle half▼ 23.1%2within the sector's middle half=
above
within
below
the middle half of NACE 47, Retail trade: 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 format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €484,104
Fixed assets
€29,362 ▼ 28.3%
Current assets
€454,741 ▼ 5.8%
Equity and liabilities €484,104
Equity
€182,537 ▼ 16.6%
Debt
€301,567 ▼ 1.1%
Debt's share of the balance-sheet total rises from 58.2% to 62.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,820▲
2023 · -€72,434
Cash flow
-€24,713▲
2023 · -€73,782
Quick ratio
0.31▼
2023 · 0.38
Debt to equity
1.65▲
2023 · 1.39
ROE
-19.9%▲
2023 · -40.8%
Interest coverage
-1.58▲
2023 · -8.72
Debt ≤ 1 year
€296,148▲
2023 · €295,087
Debt > 1 year
€5,030▼
2023 · €9,976
Income taxes
€508▲
2023 · €437
Staff costs
€136,304▲
2023 · €135,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,146 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €129,462 | €135,115 | €136,304 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,640 | €14,754 | €9,029 | €9,859 | €15,485 | €11,605 | ▼ 25.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6,480 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €13,820 | €11,666 | €9,329 | ▼ 20.0% |
| Gross operating margin9900 | €154,416 | €203,466 | €177,355 | €258,168 | €74,347 | €130,813 | ▲ 75.9% |
| Operating profit (loss)9901 | -€15,928 | €35,082 | €59,194 | €98,547 | -€87,919 | -€26,425 | ▲ 69.9% |
| Financial income75/76B | - | - | - | €259 | €7,392 | €13 | ▼ 99.8% |
| Recurring financial income75 | €883 | €1,667 | €158 | €259 | €7,392 | €13 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €10,410 | €8,303 | €9,398 | ▲ 13.2% |
| Recurring financial charges65 | €13,951 | €14,803 | €16,973 | €10,410 | €8,303 | €9,398 | ▲ 13.2% |
| Profit (loss) for the period before taxes9903 | -€28,996 | €21,946 | €42,379 | €88,397 | -€88,830 | -€35,810 | ▲ 59.7% |
| Income taxes67/77 | €657 | €2,564 | €4,382 | €4,632 | €437 | €508 | ▲ 16.2% |
| Profit (loss) for the period9904 | -€29,653 | €19,382 | €37,997 | €83,764 | -€89,267 | -€36,318 | ▲ 59.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €490 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€29,723 | €19,312 | €37,997 | €84,254 | -€89,267 | -€36,318 | ▲ 59.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €588,400 | €581,771 | €602,541 | €628,606 | €523,918 | €484,104 | ▼ 7.6% |
| Fixed assets21/28 | €33,697 | €38,761 | €31,756 | €25,087 | €40,968 | €29,362 | ▼ 28.3% |
| Tangible fixed assets22/27 | €24,878 | €29,942 | €22,937 | €16,268 | €32,149 | €20,543 | ▼ 36.1% |
| Furniture and vehicles24 | - | - | - | €16,268 | €32,149 | €20,543 | ▼ 36.1% |
| Financial fixed assets28 | €8,819 | €8,819 | €8,819 | €8,819 | €8,819 | €8,819 | = |
| Current assets29/58 | €554,703 | €543,009 | €570,785 | €603,519 | €482,950 | €454,741 | ▼ 5.8% |
| Stocks and contracts in progress3 | €401,035 | €419,931 | €429,591 | €393,337 | €370,439 | €363,345 | ▼ 1.9% |
| Stocks30/36 | - | - | - | €393,337 | €370,439 | €363,345 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €130,375 | €105,594 | €101,641 | €194,316 | €106,576 | €84,236 | ▼ 21.0% |
| Trade receivables40 | - | - | - | €194,316 | €106,574 | €84,223 | ▼ 21.0% |
| Other amounts receivable41 | - | - | - | €0 | €2 | €13 | ▲ 645% |
| Cash at bank and in hand54/58 | €17,252 | €8,171 | €34,411 | €12,885 | €2,105 | €3,828 | ▲ 81.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,980 | €3,830 | €3,332 | ▼ 13.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €588,400 | €581,771 | €602,541 | €628,606 | €523,918 | €484,104 | ▼ 7.6% |
| Equity10/15 | €166,978 | €186,360 | €224,357 | €308,122 | €218,855 | €182,537 | ▼ 16.6% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,920 | €22,290 | €60,190 | €99,821 | €99,821 | €99,821 | = |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €99,821 | €99,821 | €99,821 | = |
| Profit (loss) carried forward14 | €139,058 | €139,070 | €139,167 | €183,301 | €94,034 | €57,716 | ▼ 38.6% |
| Amounts payable17/49 | €421,422 | €395,411 | €378,184 | €320,484 | €305,062 | €301,567 | ▼ 1.1% |
| Amounts payable after more than one year17 | €130,965 | €111,725 | €76,324 | €39,051 | €9,976 | €5,030 | ▼ 49.6% |
| Financial debts170/4 | - | - | - | €39,051 | €9,976 | €5,030 | ▼ 49.6% |
| Amounts payable within one year42/48 | €290,287 | €283,454 | €301,628 | €281,433 | €295,087 | €296,148 | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,177 | €9,623 | €4,946 | ▼ 48.6% |
| Financial debts43 | - | - | - | €128,095 | €138,579 | €144,766 | ▲ 4.5% |
| Credit institutions430/8 | - | - | - | €100,000 | €109,197 | €142,883 | ▲ 30.8% |
| Other loans439 | - | - | - | €28,095 | €29,383 | €1,883 | ▼ 93.6% |
| Trade debts44 | €121,333 | €101,718 | €113,555 | €87,372 | €70,397 | €50,241 | ▼ 28.6% |
| Suppliers440/4 | - | - | - | €87,372 | €70,397 | €50,241 | ▼ 28.6% |
| Advances received on contracts in progress46 | - | - | - | - | €545 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €34,077 | €36,139 | €44,799 | ▲ 24.0% |
| Taxes450/3 | - | - | - | €33,104 | €19,445 | €16,800 | ▼ 13.6% |
| Remuneration and social security454/9 | - | - | - | €973 | €16,695 | €27,999 | ▲ 67.7% |
| Other amounts payable47/48 | - | - | - | €22,712 | €39,803 | €51,396 | ▲ 29.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | €389 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,653 | €19,382 | €37,997 | €83,764 | -€89,267 | -€36,318 | ▲ 59.3% |
| + Depreciation and write-downs630 | €17,640 | €14,754 | €9,029 | €9,859 | €15,485 | €11,605 | ▼ 25.1% |
| Operating cash flow (approximation) | -€12,013 | €34,136 | €47,027 | €93,624 | -€73,782 | -€24,713 | ▲ 66.5% |
| Investment in fixed assets (approximation) | - | -€19,819 | -€2,024 | -€3,190 | -€31,365 | €0 | - |
| Change in cash | - | -€9,080 | €26,240 | -€21,526 | -€10,780 | €1,724 | - |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2024 | abbreviated format | 24-09-2024 | 2024-00470455 |
| 31-03-2023 | abbreviated format | 26-10-2023 | 2023-00493275 |
| 31-03-2022 | abbreviated format | 04-11-2022 | 2022-20485020 |
| 31-03-2021 | abbreviated format | 29-10-2021 | 2021-74800566 |
| 31-03-2020 | abbreviated format | 15-12-2020 | 2020-75600243 |
| 31-03-2019 | abbreviated format | 25-10-2019 | 2019-71500295 |
| 31-03-2018 | abbreviated format | 06-09-2018 | 2018-62500071 |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68800178 |
| 31-03-2016 | abbreviated format | 16-09-2016 | 2016-60100200 |
| 31-03-2015 | abbreviated format | 07-08-2015 | 2015-40600575 |
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Of the 3,171 active companies whose main activity is retail sale of information and communication equipment (NACE 47400), figures are known for 1,807. 1,363 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.