FRC
InactiveFinancials · financial year 2024, micro format
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
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€24,247
2024
Net result-€24,690
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€68,213
2024
Equity€67,953
2024
Debt€260
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€49,794
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
Line201920202021202220232024
Operating result€35,697-€26,757▼ 25.0%-€18,709-€6,041▲ 67.7%-€20,308▼ 236%-€24,247▼ 19.4%
Net result€24,200-€14,451▼ 40.3%-€19,213-€6,719▲ 65.0%-€20,807▼ 210%-€24,690▼ 18.7%
Equity€124,930-€139,382▲ 11.6%€120,169▼ 13.8%€113,450▼ 5.6%€92,643▼ 18.3%€67,953▼ 26.7%
Total assets€157,439-€191,814▲ 21.8%€143,988▼ 24.9%€114,398▼ 20.6%€93,674▼ 18.1%€68,213▼ 27.2%
Debt€32,509-€52,433▲ 61.3%€23,819▼ 54.6%€948▼ 96.0%€1,031▲ 8.7%€260▼ 74.8%
Working capital€87,600-€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 format does not require them.
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,971 | €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 | €45,604 | €45,561 | -€6,633 | €88 | -€14,751 | -€19,079 | ▼ 29.3% |
| Operating profit (loss)9901 | €35,697 | €26,757 | -€18,709 | -€6,041 | -€20,308 | -€24,247 | ▼ 19.4% |
| Financial income75/76B | - | - | €54 | - | €1 | - | - |
| Recurring financial income75 | €1 | €19 | €54 | - | €1 | - | - |
| Financial charges65/66B | - | - | €330 | €387 | €194 | €206 | ▲ 6.5% |
| Recurring financial charges65 | €236 | €356 | €330 | €387 | €194 | €206 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €35,059 | €26,420 | -€18,986 | -€6,428 | -€20,501 | -€24,453 | ▼ 19.3% |
| Income taxes67/77 | €10,859 | €11,969 | €227 | €291 | €306 | €237 | ▼ 22.6% |
| Profit (loss) for the period9904 | €24,200 | €14,451 | -€19,213 | -€6,719 | -€20,807 | -€24,690 | ▼ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €24,200 | €14,451 | -€19,213 | -€6,719 | -€20,807 | -€24,690 | ▼ 18.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €157,439 | €191,814 | €143,988 | €114,398 | €93,674 | €68,213 | ▼ 27.2% |
| Fixed assets21/28 | €37,330 | €39,700 | €29,731 | €25,463 | €21,482 | €18,159 | ▼ 15.5% |
| Tangible fixed assets22/27 | €37,043 | €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 | €288 | - | - | - | - |
| Current assets29/58 | €120,109 | €152,114 | €114,256 | €88,935 | €72,192 | €50,054 | ▼ 30.7% |
| Amounts receivable within one year40/41 | €104,367 | €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 | €14,452 | €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 | €157,439 | €191,814 | €143,988 | €114,398 | €93,674 | €68,213 | ▼ 27.2% |
| Equity10/15 | €124,930 | €139,382 | €120,169 | €113,450 | €92,643 | €67,953 | ▼ 26.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | - | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | €12,400 | - | - | - | - |
| Contributions outside capital11 | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €87,860 | €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 | €30,870 | €31,322 | €12,109 | €5,390 | -€15,417 | -€40,107 | ▼ 160% |
| Amounts payable17/49 | €32,509 | €52,433 | €23,819 | €948 | €1,031 | €260 | ▼ 74.8% |
| Amounts payable within one year42/48 | €32,509 | €50,830 | €23,819 | €948 | €1,031 | €260 | ▼ 74.8% |
| Current portion of amounts payable after more than one year42 | - | - | €3,977 | - | - | - | - |
| Trade debts44 | €21,061 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,200 | €14,451 | -€19,213 | -€6,719 | -€20,807 | -€24,690 | ▼ 18.7% |
| + Depreciation and write-downs630 | €7,971 | €16,680 | €9,969 | €3,981 | €3,981 | €3,323 | ▼ 16.5% |
| Operating cash flow (approximation) | €32,171 | €31,132 | -€9,243 | -€2,738 | -€16,826 | -€21,367 | ▼ 27.0% |
| Investment in fixed assets (approximation) | - | -€19,051 | €0 | €288 | €0 | €0 | - |
| Change in cash | - | €23,168 | -€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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | micro format | 14-04-2025 | 2025-00068971 |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00079298 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00078458 |
| 30-09-2021 | micro format | 02-05-2022 | 2022-20018847 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12900173 |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11200156 |
| 30-09-2018 | micro format | 25-04-2019 | 2019-10500176 |
| 30-09-2017 | micro format | 10-04-2018 | 2018-09300061 |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-07700512 |
| 30-09-2015 | abbreviated format | 30-03-2016 | 2016-07600439 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.