GROUP-C
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
31 d early
2023
48 d early
2022
on the day
2021
15 d late
2020
28 d late
2019
92 d early
2018
106 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 33 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, abbreviated schema
Equity
€2.0m▼ 41.9%
2023 · €3.5m
Total assets
€4.9m▼ 33.7%
2023 · €7.4m
Net result
-€1.0m
2023 · €960,298
Working capital
-€2.7m▼ 114%
2023 · -€1.3m
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€63,402▼ 45.9%-€44,031-€66,853▼ 51.8%-€99,175▼ 48.3%-€1.1m▼ 991%
Net result€245,410▼ 22.7%€316,041▲ 28.8%€299,792▼ 5.1%€960,298▲ 220%-€1.0m
Equity€1.9m▲ 14.9%€2.2m▲ 16.7%€2.5m▲ 13.6%€3.5m▲ 38.2%€2.0m▼ 41.9%
Total assets€4.6m▲ 3.0%€5.7m▲ 25.3%€5.7m▼ 0.9%€7.4m▲ 30.8%€4.9m▼ 33.7%
Debt€2.7m▼ 4.1%€3.5m▲ 31.5%€3.1m▼ 10.1%€3.9m▲ 24.9%€2.9m▼ 26.4%
Working capital-€809,499▲ 1.9%-€1.1m▼ 34.1%-€1.2m▼ 6.7%-€1.3m▼ 8.8%-€2.7m▼ 114%
Staff (FTE)0.31.4▲ 367%1.8▲ 28.6%2▲ 11.1%1.7▼ 15.0%
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 €1.1m in 2024 against €99,175 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 €4.9m
Fixed assets
€4.9m ▼ 32.9%
Current assets
€25,631 ▼ 79.9%
Equity and liabilities €4.9m
Equity
€2.0m ▼ 41.9%
Debt
€2.9m ▼ 26.4%
Debt's share of the balance-sheet total rises from 53.0% to 58.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1.1m▼
2023 · -€2,687
Cash flow
-€980,676▼
2023 · €1.1m
Current ratio
0.01▼
2023 · 0.09
Debt to equity
1.43▲
2023 · 1.13
ROE
-49.6%▼
2023 · 27.7%
ROA
-20.4%▼
2023 · 13.0%
Interest coverage
-5.88▼
2023 · -0.06
Debt ≤ 1 year
€2.7m▲
2023 · €1.4m
Debt > 1 year
€161,358▼
2023 · €2.5m
Income taxes
€8,410
Staff costs
€198,027▲
2023 · €83,364
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €130,193 | €83,364 | €198,027 | ▲ 138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,454 | €44,723 | €65,818 | €96,488 | €21,328 | ▼ 77.9% |
| Other operating charges640/8 | - | - | €6,510 | €12,553 | €39,898 | ▲ 218% |
| Non-recurring operating charges66A | - | - | - | - | €1.0m | - |
| Gross operating margin9900 | €114,833 | €97,009 | €135,669 | €93,230 | €188,344 | ▲ 102% |
| Operating profit (loss)9901 | €63,402 | -€44,031 | -€66,853 | -€99,175 | -€1.1m | ▼ 991% |
| Financial income75/76B | - | - | €411,082 | €1.1m | €268,857 | ▼ 75.6% |
| Recurring financial income75 | €219,400 | €387,000 | €411,082 | €1.1m | €268,857 | ▼ 75.6% |
| Financial charges65/66B | - | - | €33,132 | €44,391 | €180,476 | ▲ 307% |
| Recurring financial charges65 | €30,344 | €26,928 | €33,132 | €44,391 | €180,476 | ▲ 307% |
| Profit (loss) for the period before taxes9903 | €252,458 | €316,041 | €311,097 | €960,298 | -€993,594 | ▼ 203% |
| Income taxes67/77 | €7,048 | - | €11,305 | - | €8,410 | - |
| Profit (loss) for the period9904 | €245,410 | €316,041 | €299,792 | €960,298 | -€1.0m | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €245,410 | €316,041 | €299,792 | €960,298 | -€1.0m | ▼ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €5.7m | €5.7m | €7.4m | €4.9m | ▼ 33.7% |
| Fixed assets21/28 | €4.4m | €5.6m | €5.5m | €7.3m | €4.9m | ▼ 32.9% |
| Intangible fixed assets21 | - | €7,317 | €13,360 | €7,162 | €568 | ▼ 92.1% |
| Tangible fixed assets22/27 | €898,046 | €1.4m | €1.4m | €1.7m | €19,992 | ▼ 98.8% |
| Land and buildings22 | - | - | €1.4m | €1.6m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €17,977 | €30,677 | €6,481 | ▼ 78.9% |
| Furniture and vehicles24 | - | - | €959 | €79,844 | €13,512 | ▼ 83.1% |
| Financial fixed assets28 | €3.5m | €4.1m | €4.1m | €5.6m | €4.9m | ▼ 12.9% |
| Current assets29/58 | €116,213 | €149,098 | €124,931 | €127,493 | €25,631 | ▼ 79.9% |
| Amounts receivable within one year40/41 | €107,651 | €119,929 | €117,352 | €121,229 | €21,876 | ▼ 82.0% |
| Trade receivables40 | - | - | €14,375 | €14,064 | €14,064 | = |
| Other amounts receivable41 | - | - | €102,977 | €107,165 | €7,812 | ▼ 92.7% |
| Cash at bank and in hand54/58 | €6,845 | €27,876 | €5,395 | €3,449 | €166 | ▼ 95.2% |
| Deferred charges and accrued income490/1 | - | - | €2,184 | €2,815 | €3,589 | ▲ 27.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €5.7m | €5.7m | €7.4m | €4.9m | ▼ 33.7% |
| Equity10/15 | €1.9m | €2.2m | €2.5m | €3.5m | €2.0m | ▼ 41.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €61,500 | ▼ 0.8% |
| Capital10 | - | - | €62,000 | €62,000 | €61,500 | ▼ 0.8% |
| Issued capital100 | - | - | €62,000 | €62,000 | €61,500 | ▼ 0.8% |
| Reserves13 | €1.8m | €2.2m | €2.4m | €3.4m | €2.0m | ▼ 42.6% |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,150 | ▼ 0.8% |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,150 | ▼ 0.8% |
| Distributable reserves133 | - | - | €2.4m | €3.4m | €2.0m | ▼ 42.7% |
| Amounts payable17/49 | €2.7m | €3.5m | €3.1m | €3.9m | €2.9m | ▼ 26.4% |
| Amounts payable after more than one year17 | €1.7m | €2.3m | €1.9m | €2.5m | €161,358 | ▼ 93.6% |
| Financial debts170/4 | - | - | €1.9m | €2.5m | €161,358 | ▼ 93.6% |
| Amounts payable within one year42/48 | €925,712 | €1.2m | €1.3m | €1.4m | €2.7m | ▲ 96.3% |
| Current portion of amounts payable after more than one year42 | - | - | €426,586 | €587,544 | €262,272 | ▼ 55.4% |
| Trade debts44 | €2,826 | €8,744 | €32,236 | €23,735 | €26,870 | ▲ 13.2% |
| Suppliers440/4 | - | - | €32,236 | €23,735 | €26,870 | ▲ 13.2% |
| Taxes, remuneration and social security45 | - | - | €29,043 | €17,605 | €14,734 | ▼ 16.3% |
| Taxes450/3 | - | - | - | - | €4,731 | - |
| Remuneration and social security454/9 | - | - | €29,043 | €17,605 | €10,003 | ▼ 43.2% |
| Other amounts payable47/48 | - | - | €795,342 | €758,342 | €2.4m | ▲ 219% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €245,410 | €316,041 | €299,792 | €960,298 | -€1.0m | ▼ 204% |
| + Depreciation and write-downs630 | €38,454 | €44,723 | €65,818 | €96,488 | €21,328 | ▼ 77.9% |
| Operating cash flow (approximation) | €283,864 | €360,764 | €365,610 | €1.1m | -€980,676 | ▼ 193% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€36,684 | -€1.8m | €2.4m | ▲ 229% |
| Change in cash | - | €21,031 | -€22,480 | -€1,947 | -€3,283 | ▼ 68.6% |
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
31-07
State Gazette act
General meeting · Merger
Capital increase · Capital · Hendrik Van de Cruys
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
26-05
State Gazette act
Board meeting · Merger
Capital · Net-asset statement
2024
31-12
Financial
Weakest financial yearnet -€1.0m
Net result drops to -€1.0m, the lowest in the series.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €960,298 ▲220%
Net result €960,298, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
30-06
Financial
Equity above €2mEq €2.2m ▲16.7%
3 profitable years in a row build equity to €2.2m.
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Hillewaere Insurance