FUTUREPROOFED
abbreviatedFUTUREPROOFInactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-2.31M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
15 d early
2023
22 d early
2022
77 d early
2021
29 d late
2020
32 d late
2019
92 d late
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-2.31M▼ 28.1%
2023 · €-1.80M
2018: €178k
2019: €-92k
2020: €-627k
2021: €-367k
2022: €-1.15M
2023: €-1.80M
2018 → 2024
Total assets
€721k▼ 17.9%
2023 · €879k
2018: €390k
2019: €927k
2020: €660k
2021: €839k
2022: €463k
2023: €879k
2018 → 2024
Net result
€-507k▲ 22.7%
2023 · €-656k
2018: €4k
2019: €-270k
2020: €-535k
2021: €-501k
2022: €-781k
2023: €-656k
2018 → 2024
Working capital
€-1.90M
2023 · €244k
2018: €65k
2019: €520k
2020: €144k
2021: €361k
2022: €96k
2023: €244k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-627k-€-367k▲ 41.5%€-1.15M▼ 213%€-1.80M▼ 57.1%€-2.31M▼ 28.1%
Operating result€-495k-€-454k▲ 8.4%€-493k▼ 8.7%€-599k▼ 21.6%€-433k▲ 27.7%
Net result€-535k-€-501k▲ 6.4%€-781k▼ 55.9%€-656k▲ 16.1%€-507k▲ 22.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €433k in 2024 against €599k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €721k
Fixed assets
€63k ▼ 61.6%
Current assets
€658k ▼ 8.0%
Key figures and ratios
EBITDA
€-344k▲
2023 · €-502k
Cash flow
€-418k▲
2023 · €-558k
Solvency
-320.4%▼
2023 · -205.3%
Current ratio
0.26▼
2023 · 1.52
Quick ratio
0.25▼
2023 · 1.33
Debt to equity
-1.31▲
2023 · -1.49
ROA
-70.2%▲
2023 · -74.6%
Interest coverage
-4.47▲
2023 · -8.71
Debt
€3.03M▲
2023 · €2.68M
Debt ≤ 1 year
€2.56M▲
2023 · €471k
Debt > 1 year
€200k▼
2023 · €1.83M
Income taxes
€23▲
2023 · €0
Staff costs
€1.18M▲
2023 · €1.13M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€879k€721k▼
Fixed assets21/28€163k€63k▼
Intangible fixed assets21€132k€51k▼
Tangible fixed assets22/27€21k€11k▼
Plant, machinery and equipment23€14k€7k▼
Furniture and vehicles24€6k€4k▼
Other tangible fixed assets26€848-
Financial fixed assets28€11k€250▼
Current assets29/58€715k€658k▼
Stocks and contracts in progress3€89k€29k▼
Contracts in progress37€89k€29k▼
Amounts receivable within one year40/41€524k€291k▼
Trade receivables40€523k€291k▼
Other amounts receivable41€655-
Current investments50/53€1k-
Cash at bank and in hand54/58€96k€325k▲
Deferred charges and accrued income490/1€6k€14k▲
Equity and liabilities
Total equity and liabilities10/49€879k€721k▼
Equity10/15€-1.80M€-2.31M▼
Contributions10/11€782k€782k=
Reserves13€632€632=
Tax-exempt reserves132€632€632=
Profit (loss) carried forward14€-2.59M€-3.09M▼
Amounts payable17/49€2.68M€3.03M▲
Amounts payable after more than one year17€1.83M€200k▼
Financial debts170/4€1.83M€200k▼
Amounts payable within one year42/48€471k€2.56M▲
Current portion of amounts payable after more than one year42€0€700k▲
Financial debts43-€1.70M
Other loans439-€1.70M
Trade debts44€79k€1k▼
Suppliers440/4€79k€1k▼
Advances received on contracts in progress46€213k-
Taxes, remuneration and social security45€180k€158k▼
Taxes450/3€76k€58k▼
Remuneration and social security454/9€104k€100k▼
Other amounts payable47/48€63-
Accrued charges and deferred income492/3€382k€272k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.13M€1.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€89k▼
Other operating charges640/8€45k-
Gross operating margin9900€678k€831k▲
Operating profit (loss)9901€-599k€-433k▲
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Non-recurring financial income76B€0-
Financial charges65/66B€58k€78k▲
Recurring financial charges65€58k€77k▲
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€-656k€-507k▲
Income taxes67/77€0€23▲
Profit (loss) for the period9904€-656k€-507k▲
Profit (loss) for the period to be appropriated9905€-656k€-507k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.59M€-3.09M▼
Profit (loss) brought forward from the previous period14P€-1.93M€-2.59M▼
Social balance
Average headcount (FTE)908714.214.3▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
State Gazette act
General meeting · Accounting effect
Other statement · Power of attorney
05-08
State Gazette act
Merger · Accounting effect
Power of attorney · General meeting
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
21-05
State Gazette act
Merger · Shareholding
Accounting effect · Corporate purpose
21-05
State Gazette act
Merger · Shareholding
Accounting effect · Corporate purpose
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-781k
Net result drops to €-781k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 32 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 6.96
Current ratio from 1.66 to 6.96; short-term debt falls from €98k to €87k.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:SWECO
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 609 EUR awarded · 609 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 609 EUR | 609 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)