I.
ActiveSummary
I. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €477k and a net result of €-10k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-27
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.48 in 2023; short-term debt: 13% and cash: 1.2% of total assets), and 14.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.9%
Return on assets
-1.8%
Age of the figures
21 mo
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
8 d early
2022
14 d early
2021
58 d late
2020
86 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€477k▼ 2.1%
2023 · €487k
2018: €190klowest in 7 years
2019: €279k▲ +46.8% vs 2018
2020: €324k▲ +16.1% vs 2019
2021: €384k▲ +18.8% vs 2020
2022: €448k▲ +16.6% vs 2021
2023: €487k▲ +8.6% vs 2022highest in 7 years
2024: €477k▼ -2.1% vs 2023
2018 → 2024
Total assets
€555k▼ 4.4%
2023 · €580k
2018: €598k
2019: €580k▼ -3.0% vs 2018
2020: €548k▼ -5.6% vs 2019lowest in 7 years
2021: €564k▲ +2.9% vs 2020
2022: €608k▲ +7.9% vs 2021highest in 7 years
2023: €580k▼ -4.6% vs 2022
2024: €555k▼ -4.4% vs 2023
2018 → 2024
Net result
€-10k
2023 · €39k
2018: €108khighest in 7 years
2019: €34k▼ -68.8% vs 2018
2020: €45k▲ +32.4% vs 2019
2021: €61k▲ +35.5% vs 2020
2022: €64k▲ +5.3% vs 2021
2023: €39k▼ -39.6% vs 2022
2024: €-10k▼ -126% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-45k▼ 5.9%
2023 · €-42k
2018: €-179klowest in 7 years
2019: €-152k▲ +15.1% vs 2018
2020: €-87k▲ +42.6% vs 2019
2021: €-44k▲ +50.1% vs 2020
2022: €-32k▲ +26.3% vs 2021highest in 7 years
2023: €-42k▼ -32.0% vs 2022
2024: €-45k▼ -5.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€324k-€384k▲ 18.8%€448k▲ 16.6%€487k▲ 8.6%€477k▼ 2.1%
2020: €324klowest in 5 years
2021: €384k▲ +18.8% vs 2020
2022: €448k▲ +16.6% vs 2021
2023: €487k▲ +8.6% vs 2022highest in 5 years
2024: €477k▼ -2.1% vs 2023
Operating result€76k-€96k▲ 26.2%€94k▼ 1.9%€63k▼ 33.3%€-6k
2020: €76k
2021: €96k▲ +26.2% vs 2020highest in 5 years
2022: €94k▼ -1.9% vs 2021
2023: €63k▼ -33.3% vs 2022
2024: €-6k▼ -109% vs 2023lowest in 5 years
Net result€45k-€61k▲ 35.5%€64k▲ 5.3%€39k▼ 39.6%€-10k
2020: €45k
2021: €61k▲ +35.5% vs 2020
2022: €64k▲ +5.3% vs 2021highest in 5 years
2023: €39k▼ -39.6% vs 2022
2024: €-10k▼ -126% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €63k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €555k
Fixed assets
€528k ▼ 2.6%
Current assets
€27k ▼ 29.7%
Equity and liabilities €555k
Equity
€477k ▼ 2.1%
Debt
€78k ▼ 16.4%
Debt's share of the balance-sheet total falls from 16.1% to 14.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2023 · €86k
Cash flow
€11k▼
2023 · €62k
Current ratio
0.38▼
2023 · 0.48
Debt to equity
0.16▼
2023 · 0.19
ROE
-2.1%▼
2023 · 7.9%
ROA
-1.8%▼
2023 · 6.6%
Interest coverage
4.02▼
2023 · 22.85
Debt ≤ 1 year
€72k▼
2023 · €81k
Income taxes
€700▼
2023 · €21k
Staff costs
€295▲
2023 · €154
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 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€580k€555k▼
Fixed assets21/28€542k€528k▼
Tangible fixed assets22/27€419k€405k▼
Land and buildings22€258k€258k=
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€30k€30k▲
Other tangible fixed assets26€120k€108k▼
Financial fixed assets28€123k€123k▲
Current assets29/58€39k€27k▼
Amounts receivable within one year40/41€30k€14k▼
Trade receivables40€30k€8k▼
Other amounts receivable41€500€7k▲
Cash at bank and in hand54/58€5€7k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€580k€555k▼
Equity10/15€487k€477k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€55k€55k=
Reserves13€355k€355k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€336k€336k=
Profit (loss) carried forward14€58k€48k▼
Amounts payable17/49€93k€78k▼
Amounts payable within one year42/48€81k€72k▼
Current portion of amounts payable after more than one year42€13k€29k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€50k€4k▼
Taxes450/3€47k€1k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€13k€33k▲
Accrued charges and deferred income492/3€12k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€154€295▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€614€0▼
Other operating charges640/8€29k€19k▼
Gross operating margin9900€116k€35k▼
Operating profit (loss)9901€63k€-6k▼
Financial income75/76B€162€82▼
Recurring financial income75€162€82▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€59k€-9k▼
Income taxes67/77€21k€700▼
Profit (loss) for the period9904€39k€-10k▼
Profit (loss) for the period to be appropriated9905€39k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€48k▼
Profit (loss) brought forward from the previous period14P€58k€58k=
Transfer to equity691/2€39k€0▼
To other reserves6921€39k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €519 | €275 | €154 | €295 | ▲ 92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €12k | €14k | €23k | €21k | ▼ 6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €614 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €30k | €30k | €29k | €19k | ▼ 36.3% |
| Gross operating margin9900 | €127k | €139k | €139k | €116k | €35k | ▼ 70.0% |
| Operating profit (loss)9901 | €76k | €96k | €94k | €63k | €-6k | ▼ 109% |
| Financial income75/76B | - | €62 | €18 | €162 | €82 | ▼ 49.5% |
| Recurring financial income75 | €13 | €62 | €18 | €162 | €82 | ▼ 49.5% |
| Financial charges65/66B | - | €7k | €5k | €4k | €4k | ▲ 5.2% |
| Recurring financial charges65 | €9k | €7k | €5k | €4k | €4k | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €67k | €89k | €90k | €59k | €-9k | ▼ 116% |
| Income taxes67/77 | €22k | €29k | €26k | €21k | €700 | ▼ 96.6% |
| Profit (loss) for the period9904 | €45k | €61k | €64k | €39k | €-10k | ▼ 126% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €45k | €61k | €64k | €39k | €-10k | ▼ 126% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €548k | €564k | €608k | €580k | €555k | ▼ 4.4% |
| Fixed assets21/28 | €438k | €448k | €494k | €542k | €528k | ▼ 2.6% |
| Tangible fixed assets22/27 | €312k | €326k | €371k | €419k | €405k | ▼ 3.4% |
| Land and buildings22 | - | €258k | €258k | €258k | €258k | = |
| Plant, machinery and equipment23 | - | €6k | €6k | €11k | €8k | ▼ 20.9% |
| Furniture and vehicles24 | - | €29k | €36k | €30k | €30k | ▲ 0.2% |
| Other tangible fixed assets26 | - | €33k | €70k | €120k | €108k | ▼ 10.1% |
| Financial fixed assets28 | €126k | €123k | €123k | €123k | €123k | ▲ 0.2% |
| Current assets29/58 | €110k | €115k | €115k | €39k | €27k | ▼ 29.7% |
| Amounts receivable within one year40/41 | €4k | €26k | €35k | €30k | €14k | ▼ 52.5% |
| Trade receivables40 | - | €24k | €35k | €30k | €8k | ▼ 74.1% |
| Other amounts receivable41 | - | €2k | €500 | €500 | €7k | ▲ 1,239% |
| Cash at bank and in hand54/58 | €101k | €82k | €72k | €5 | €7k | ▲ 129,092% |
| Deferred charges and accrued income490/1 | - | €7k | €7k | €8k | €6k | ▼ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €548k | €564k | €608k | €580k | €555k | ▼ 4.4% |
| Equity10/15 | €324k | €384k | €448k | €487k | €477k | ▼ 2.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | €55k | €55k | €55k | €55k | = |
| Reserves13 | €192k | €253k | €317k | €355k | €355k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €0 | - | - |
| Reserves not available under the articles1311 | - | €6k | €6k | €0 | - | - |
| Tax-exempt reserves132 | - | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €228k | €292k | €336k | €336k | = |
| Profit (loss) carried forward14 | €58k | €58k | €58k | €58k | €48k | ▼ 17.6% |
| Amounts payable17/49 | €224k | €179k | €160k | €93k | €78k | ▼ 16.4% |
| Amounts payable after more than one year17 | €5k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €197k | €159k | €147k | €81k | €72k | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €5k | €0 | €13k | €29k | ▲ 125% |
| Trade debts44 | €2k | €15k | €48k | €5k | €6k | ▲ 10.4% |
| Suppliers440/4 | - | €15k | €48k | €5k | €6k | ▲ 10.4% |
| Taxes, remuneration and social security45 | - | €30k | €25k | €50k | €4k | ▼ 91.2% |
| Taxes450/3 | - | €30k | €25k | €47k | €1k | ▼ 97.1% |
| Remuneration and social security454/9 | - | - | - | €3k | €3k | ▲ 13.2% |
| Other amounts payable47/48 | - | €109k | €74k | €13k | €33k | ▲ 149% |
| Accrued charges and deferred income492/3 | - | €20k | €13k | €12k | €6k | ▼ 51.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €61k | €64k | €39k | €-10k | ▼ 126% |
| + Depreciation and write-downs630 | €20k | €12k | €14k | €23k | €21k | ▼ 6.3% |
| Operating cash flow (approximation) | €65k | €73k | €78k | €62k | €11k | ▼ 81.6% |
| Investment in fixed assets (approximation) | - | €-22k | €-59k | €-71k | €-7k | ▲ 89.5% |
| Change in cash | - | €-19k | €-9k | €-72k | €7k | ▲ 109% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Equity above €200kEq €279k ▲46.8%
2 profitable years in a row build equity to €279k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Lummen · 1 establishment unit since 2002
Ground area
695 m²
Building footprint
235 m²
Volume, LiDAR
955 m³
Parcel 71542D1025/00D000, Flanders · tallest building 16.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
I.
since 20022.114.427.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542D1025/00D000 | Flanders | 695 m² | 1 · 235 m² | 16.6 m · 1 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
Scores and ratios are computed by Checked and are not a credit decision.