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ActiveFinancials · financial year 2023, abbreviated format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2023 filed on 23-08-2024 PDF all 5 filings
Turnover
≈ €36,000
Estimated: probably between €19,000 and €110,000
Total assets
€98,221▲ 0.3%
2022 · €97,939
Net result
-€20,802▼ 2,867%
2022 · -€701
Working capital
-€16,937▼ 840%
2022 · -€1,801
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
-€21,601
▼ 22,661%
2023
20192023
Net result
-€20,802
▼ 2,867%
2023
lowest quarter of the sector
20192023
Equity
-€2,467
2023
lowest quarter of the sector
20192023
Total assets
€98,221
▲ 0.3%
2023
lowest quarter of the sector
20192023
Debt
€100,687
▲ 26.5%
2023
20192023
Working capital
-€16,937
▼ 840%
2023
lowest quarter of the sector
20192023
Solvency
-2.5%
▼ 21.2pp
2023
lowest quarter of the sector
20192023
Current ratio
0.83
▼ 0.15
2023
lowest quarter of the sector
20192023
Return on assets (ROA)
-21.2%
▼ 20.5pp
2023
lowest quarter of the sector
20192023
Staff (FTE)
0.6
▼ 33.3%
2023
lowest quarter of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€3,871--€18,097€17,406-€95-€21,601▼ 22,661%
Net result€2,307--€17,846below the sector's middle half€15,976within the sector's middle half-€701below the sector's middle half-€20,802below the sector's middle half▼ 2,867%
Equity€20,907-€3,061below the sector's middle half▼ 85.4%€19,036below the sector's middle half▲ 522%€18,335below the sector's middle half▼ 3.7%-€2,467below the sector's middle half
Total assets€85,683-€97,192below the sector's middle half▲ 13.4%€110,692below the sector's middle half▲ 13.9%€97,939below the sector's middle half▼ 11.5%€98,221below the sector's middle half▲ 0.3%
Debt€64,776-€94,131▲ 45.3%€91,656▼ 2.6%€79,603▼ 13.1%€100,687▲ 26.5%
Working capital€20,907--€19,527below the sector's middle half-€3,512below the sector's middle half▲ 82.0%-€1,801below the sector's middle half▲ 48.7%-€16,937below the sector's middle half▼ 840%
Solvency24.4%-3.1%below the sector's middle half▼ 21.3pp17.2%below the sector's middle half▲ 14.0pp18.7%below the sector's middle half▲ 1.5pp-2.5%below the sector's middle half▼ 21.2pp
Current ratio1.32-0.79below the sector's middle half▼ 0.530.96below the sector's middle half▲ 0.170.98below the sector's middle half▲ 0.020.83below the sector's middle half▼ 0.15
Return on assets (ROA)2.7%--18.4%below the sector's middle half▼ 21.1pp14.4%above the sector's middle half▲ 32.8pp-0.7%below the sector's middle half▼ 15.1pp-21.2%below the sector's middle half▼ 20.5pp
Staff (FTE)0.9-1.8within the sector's middle half▲ 100%1.1below the sector's middle half▼ 38.9%0.9below the sector's middle half▼ 18.2%0.6below the sector's middle half▼ 33.3%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €21,601, larger than the loss of €95 in 2022. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €98,221
Fixed assets
€17,661 ▼ 12.3%
Current assets
€80,559 ▲ 3.5%
Equity and liabilities
Equity-€2,467
Debt€100,687
Equity is negative. Debt (€100,687) exceeds the balance-sheet total (€98,221).
Key figures and ratios
EBITDA
-€19,125▼
2022 · €2,380
Cash flow
-€18,327▼
2022 · €1,774
Quick ratio
0.22▼
2022 · 0.23
Interest coverage
-22.02▼
2022 · 3.92
Debt ≤ 1 year
€97,496▲
2022 · €79,603
Staff costs
€21,822▲
2022 · €21,012
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.1 | 0.9 | 0.5 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 0 | 1 | 1 |
| Left | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Financial fixed assets | €2,500 | - | - |
| Depreciation and write-downs of the year | €2,475 | €2,475 | €2,475 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €34,865 | €21,012 | €21,822 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,166 | €2,475 | €2,475 | €2,475 | = |
| Other operating charges640/8 | - | - | €1,601 | €4,151 | €1,049 | ▼ 74.7% |
| Gross operating margin9900 | €39,031 | €85,469 | €56,347 | €27,544 | €3,746 | ▼ 86.4% |
| Operating profit (loss)9901 | €3,871 | -€18,097 | €17,406 | -€95 | -€21,601 | ▼ 22,661% |
| Financial income75/76B | - | - | €186 | €1 | €1,667 | ▲ 1,366× |
| Recurring financial income75 | €17 | €1,332 | €186 | €1 | €1,667 | ▲ 1,366× |
| Financial charges65/66B | - | - | €1,509 | €607 | €869 | ▲ 43.0% |
| Recurring financial charges65 | €177 | €1,081 | €1,509 | €607 | €869 | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | €3,710 | -€17,846 | €16,082 | -€701 | -€20,802 | ▼ 2,867% |
| Income taxes67/77 | €1,403 | - | €107 | - | - | - |
| Profit (loss) for the period9904 | €2,307 | -€17,846 | €15,976 | -€701 | -€20,802 | ▼ 2,867% |
| Profit (loss) for the period to be appropriated9905 | €2,307 | -€17,846 | €15,976 | -€701 | -€20,802 | ▼ 2,867% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,683 | €97,192 | €110,692 | €97,939 | €98,221 | ▲ 0.3% |
| Fixed assets21/28 | - | €22,587 | €22,612 | €20,137 | €17,661 | ▼ 12.3% |
| Tangible fixed assets22/27 | - | €22,587 | €20,112 | €17,637 | €15,161 | ▼ 14.0% |
| Land and buildings22 | - | - | €20,112 | €17,637 | €15,161 | ▼ 14.0% |
| Financial fixed assets28 | - | - | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €85,683 | €74,604 | €88,080 | €77,802 | €80,559 | ▲ 3.5% |
| Stocks and contracts in progress3 | €35,169 | €59,561 | €59,561 | €59,561 | €59,561 | = |
| Stocks30/36 | - | - | €59,561 | €59,561 | €59,561 | = |
| Amounts receivable within one year40/41 | €35,382 | €8,897 | €15,631 | €14,559 | €19,118 | ▲ 31.3% |
| Trade receivables40 | - | - | €15,583 | €14,559 | €18,332 | ▲ 25.9% |
| Other amounts receivable41 | - | - | €47 | - | €786 | - |
| Cash at bank and in hand54/58 | €12,476 | €4,957 | €11,196 | €1,708 | €170 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | - | - | €1,693 | €1,975 | €1,711 | ▼ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,683 | €97,192 | €110,692 | €97,939 | €98,221 | ▲ 0.3% |
| Equity10/15 | €20,907 | €3,061 | €19,036 | €18,335 | -€2,467 | - |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €2,307 | -€15,539 | €436 | -€265 | -€21,067 | ▼ 7,859% |
| Amounts payable17/49 | €64,776 | €94,131 | €91,656 | €79,603 | €100,687 | ▲ 26.5% |
| Amounts payable within one year42/48 | €64,776 | €94,131 | €91,592 | €79,603 | €97,496 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €37,206 | - |
| Trade debts44 | €48,129 | €58,782 | €68,029 | €57,877 | €42,242 | ▼ 27.0% |
| Suppliers440/4 | - | - | €68,029 | €57,877 | €42,242 | ▼ 27.0% |
| Taxes, remuneration and social security45 | - | - | €23,563 | €21,726 | €18,048 | ▼ 16.9% |
| Taxes450/3 | - | - | €17,540 | €13,481 | €3,157 | ▼ 76.6% |
| Remuneration and social security454/9 | - | - | €6,023 | €8,245 | €14,891 | ▲ 80.6% |
| Accrued charges and deferred income492/3 | - | - | €64 | - | €3,191 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,307 | -€17,846 | €15,976 | -€701 | -€20,802 | ▼ 2,867% |
| + Depreciation and write-downs630 | - | €2,166 | €2,475 | €2,475 | €2,475 | = |
| Operating cash flow (approximation) | €2,307 | -€15,680 | €18,451 | €1,774 | -€18,327 | - |
| Investment in fixed assets (approximation) | - | - | -€2,500 | €0 | €0 | - |
| Change in cash | - | -€7,519 | €6,238 | -€9,488 | -€1,538 | ▲ 83.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 23-08-2024 | 2024-00386835 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00427671 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20411442 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43700111 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-47500535 |