FRC
InactiveInactive since 02-05-2026; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€24,690
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 152 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 14-04-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
16 d early
2023
on the day
2022
2 d early
2021
2 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€67,953▼ 26.7%
2023 · €92,643
Total assets
€68,213▼ 27.2%
2023 · €93,674
Net result
-€24,690▼ 18.7%
2023 · -€20,807
Working capital
€49,794▼ 30.0%
2023 · €71,161
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,757▼ 25.0%-€18,709-€6,041▲ 67.7%-€20,308▼ 236%-€24,247▼ 19.4%
Net result€14,451▼ 40.3%-€19,213-€6,719▲ 65.0%-€20,807▼ 210%-€24,690▼ 18.7%
Equity€139,382▲ 11.6%€120,169▼ 13.8%€113,450▼ 5.6%€92,643▼ 18.3%€67,953▼ 26.7%
Total assets€191,814▲ 21.8%€143,988▼ 24.9%€114,398▼ 20.6%€93,674▼ 18.1%€68,213▼ 27.2%
Debt€52,433▲ 61.3%€23,819▼ 54.6%€948▼ 96.0%€1,031▲ 8.7%€260▼ 74.8%
Working capital€101,284▲ 15.6%€90,438▼ 10.7%€87,987▼ 2.7%€71,161▼ 19.1%€49,794▼ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,247 in 2024 against €20,308 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68,213
Fixed assets
€18,159 ▼ 15.5%
Current assets
€50,054 ▼ 30.7%
Equity and liabilities €68,213
Equity
€67,953 ▼ 26.7%
Debt
€260 ▼ 74.8%
Debt's share of the balance-sheet total falls from 1.1% to 0.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,925▼
2023 · -€16,327
Cash flow
-€21,367▼
2023 · -€16,826
Debt to equity
0.00▼
2023 · 0.01
ROE
-36.3%▼
2023 · -22.5%
ROA
-36.2%▼
2023 · -22.2%
Interest coverage
-101.44▼
2023 · -84.33
Debt ≤ 1 year
€260▼
2023 · €1,031
Income taxes
€237▼
2023 · €306
A ratio outside any meaningful range has been withheld (balance sheet total €68,213, equity €67,953).
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 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,680 | €9,969 | €3,981 | €3,981 | €3,323 | ▼ 16.5% |
| Other operating charges640/8 | - | €2,107 | €2,147 | €1,577 | €1,845 | ▲ 17.0% |
| Gross operating margin9900 | €45,561 | -€6,633 | €88 | -€14,751 | -€19,079 | ▼ 29.3% |
| Operating profit (loss)9901 | €26,757 | -€18,709 | -€6,041 | -€20,308 | -€24,247 | ▼ 19.4% |
| Financial income75/76B | - | €54 | - | €1 | - | - |
| Recurring financial income75 | €19 | €54 | - | €1 | - | - |
| Financial charges65/66B | - | €330 | €387 | €194 | €206 | ▲ 6.5% |
| Recurring financial charges65 | €356 | €330 | €387 | €194 | €206 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €26,420 | -€18,986 | -€6,428 | -€20,501 | -€24,453 | ▼ 19.3% |
| Income taxes67/77 | €11,969 | €227 | €291 | €306 | €237 | ▼ 22.6% |
| Profit (loss) for the period9904 | €14,451 | -€19,213 | -€6,719 | -€20,807 | -€24,690 | ▼ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €14,451 | -€19,213 | -€6,719 | -€20,807 | -€24,690 | ▼ 18.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,814 | €143,988 | €114,398 | €93,674 | €68,213 | ▼ 27.2% |
| Fixed assets21/28 | €39,700 | €29,731 | €25,463 | €21,482 | €18,159 | ▼ 15.5% |
| Tangible fixed assets22/27 | €39,413 | €29,444 | €25,463 | €21,482 | €18,159 | ▼ 15.5% |
| Land and buildings22 | - | €11,700 | €11,700 | €11,700 | €11,700 | = |
| Plant, machinery and equipment23 | - | €2,723 | €2,043 | €1,363 | €682 | ▼ 49.9% |
| Leasing and similar rights25 | - | €1,322 | €661 | - | - | - |
| Other tangible fixed assets26 | - | €13,698 | €11,059 | €8,419 | €5,777 | ▼ 31.4% |
| Financial fixed assets28 | €288 | €288 | - | - | - | - |
| Current assets29/58 | €152,114 | €114,256 | €88,935 | €72,192 | €50,054 | ▼ 30.7% |
| Amounts receivable within one year40/41 | €113,757 | €112,665 | €88,225 | €70,839 | €48,626 | ▼ 31.4% |
| Trade receivables40 | - | €656 | - | - | - | - |
| Other amounts receivable41 | - | €112,009 | €88,225 | €70,839 | €48,626 | ▼ 31.4% |
| Cash at bank and in hand54/58 | €37,621 | €373 | €91 | €59 | €41 | ▼ 30.7% |
| Deferred charges and accrued income490/1 | - | €1,219 | €618 | €1,294 | €1,387 | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,814 | €143,988 | €114,398 | €93,674 | €68,213 | ▼ 27.2% |
| Equity10/15 | €139,382 | €120,169 | €113,450 | €92,643 | €67,953 | ▼ 26.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Outside capital11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €101,860 | €101,860 | €101,860 | €101,860 | €101,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €31,322 | €12,109 | €5,390 | -€15,417 | -€40,107 | ▼ 160% |
| Amounts payable17/49 | €52,433 | €23,819 | €948 | €1,031 | €260 | ▼ 74.8% |
| Amounts payable within one year42/48 | €50,830 | €23,819 | €948 | €1,031 | €260 | ▼ 74.8% |
| Current portion of amounts payable after more than one year42 | - | €3,977 | - | - | - | - |
| Trade debts44 | €26,103 | €18,038 | €713 | €725 | €23 | ▼ 96.8% |
| Suppliers440/4 | - | €18,038 | €713 | €725 | €23 | ▼ 96.8% |
| Taxes, remuneration and social security45 | - | €1,804 | €235 | €306 | €237 | ▼ 22.6% |
| Taxes450/3 | - | €1,804 | €235 | €306 | €237 | ▼ 22.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,451 | -€19,213 | -€6,719 | -€20,807 | -€24,690 | ▼ 18.7% |
| + Depreciation and write-downs630 | €16,680 | €9,969 | €3,981 | €3,981 | €3,323 | ▼ 16.5% |
| Operating cash flow (approximation) | €31,132 | -€9,243 | -€2,738 | -€16,826 | -€21,367 | ▼ 27.0% |
| Investment in fixed assets (approximation) | - | €0 | €288 | €0 | €0 | - |
| Change in cash | - | -€37,248 | -€281 | -€32 | -€18 | ▲ 42.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€24,690
Net result drops to -€24,690, the lowest in the series.
30-09
Financial
Liquidity triplescurrent ratio 192.62
Current ratio from 70.05 to 192.62; short-term debt falls from €1,031 to €260.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 20current ratio 93.82
Current ratio from 4.80 to 93.82; short-term debt falls from €23,819 to €948.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €24,200 ▲30.6%
Operating result €35,697, net result €24,200, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brakel
Ground area
834 m²
Building footprint
363 m²
Volume, LiDAR
1,857 m³
Parcel 45012B1404/00B000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45012B1404/00B000 | Flanders | 834 m² | 1 · 363 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-03-2002
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.