IB - CON
ActiveFinancials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 30 November 2025 The financial year closed on 30 April 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 10-12-2024 PDF all 28 filings
Amounts without an identifiable currency are taken as euros.
Equity
€370,952▼ 6.6%
2023 · €397,281
Total assets
€404,656▼ 10.1%
2023 · €449,977
Net result
-€26,328▲ 1.4%
2023 · -€26,696
Working capital
€240,389▼ 6.3%
2023 · €256,531
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
-€31,526
▼ 2.0%
2024
20192024
Net result
-€26,328
▲ 1.4%
2024
20192024
Equity
€370,952
▼ 6.6%
2024
20192024
Total assets
€404,656
▼ 10.1%
2024
20192024
Debt
€33,703
▼ 36.0%
2024
20192024
Working capital
€240,389
▼ 6.3%
2024
20192024
Staff (FTE)
no figure
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€30,123-€10,396▼ 65.5%€34,688▲ 234%€62,159▲ 79.2%-€30,907-€31,526▼ 2.0%
Net result€310,154-€248,526▼ 19.9%-€190,268€54,214-€26,696-€26,328▲ 1.4%
Equity€311,504-€560,031▲ 79.8%€369,763▼ 34.0%€423,977▲ 14.7%€397,281▼ 6.3%€370,952▼ 6.6%
Total assets€809,926-€958,038▲ 18.3%€422,596▼ 55.9%€512,895▲ 21.4%€449,977▼ 12.3%€404,656▼ 10.1%
Debt€498,421-€398,007▼ 20.1%€52,833▼ 86.7%€88,919▲ 68.3%€52,696▼ 40.7%€33,703▼ 36.0%
Working capital-€62,488-€203,571€220,623▲ 8.4%€271,977▲ 23.3%€256,531▼ 5.7%€240,389▼ 6.3%
Staff (FTE)0
The operating result for 2024 is a loss of €31,526, larger than the loss of €30,907 in 2023. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €404,656
Fixed assets
€130,563 ▼ 7.2%
Current assets
€274,093 ▼ 11.4%
Equity and liabilities €404,656
Equity
€370,952 ▼ 6.6%
Debt
€33,703 ▼ 36.0%
Debt's share of the balance-sheet total falls from 11.7% to 8.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€21,339▼
2023 · -€19,657
Cash flow
-€16,142▼
2023 · -€15,446
Current ratio
8.13▲
2023 · 5.87
Debt to equity
0.09▼
2023 · 0.13
ROE
-7.1%▼
2023 · -6.7%
ROA
-6.5%▼
2023 · -5.9%
Interest coverage
-48.75▲
2023 · -50.41
Debt ≤ 1 year
€33,703▼
2023 · €52,696
Income taxes
€377▲
2023 · €297
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 | €15,052 | €16,254 | €14,401 | €11,719 | €11,250 | €10,186 | ▼ 9.5% |
| Other operating charges640/8 | - | - | - | €2,028 | €2,097 | €3,078 | ▲ 46.8% |
| Gross operating margin9900 | €46,661 | €28,305 | €50,604 | €75,905 | -€17,560 | -€18,261 | ▼ 4.0% |
| Operating profit (loss)9901 | €30,123 | €10,396 | €34,688 | €62,159 | -€30,907 | -€31,526 | ▼ 2.0% |
| Financial income75/76B | - | - | - | €14,214 | €4,898 | €6,013 | ▲ 22.8% |
| Recurring financial income75 | €303,241 | €251,698 | €4,088 | €14,214 | €4,898 | €6,013 | ▲ 22.8% |
| Financial charges65/66B | - | - | - | €278 | €390 | €438 | ▲ 12.2% |
| Recurring financial charges65 | €17,566 | €12,745 | €14,846 | €278 | €390 | €438 | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €315,798 | €249,348 | -€182,688 | €76,095 | -€26,399 | -€25,951 | ▲ 1.7% |
| Income taxes67/77 | €5,645 | €822 | €7,580 | €21,881 | €297 | €377 | ▲ 27.1% |
| Profit (loss) for the period9904 | €310,154 | €248,526 | -€190,268 | €54,214 | -€26,696 | -€26,328 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €310,154 | €248,526 | -€190,268 | €54,214 | -€26,696 | -€26,328 | ▲ 1.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €809,926 | €958,038 | €422,596 | €512,895 | €449,977 | €404,656 | ▼ 10.1% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €390,230 | €384,738 | €163,719 | €152,000 | €140,749 | €130,563 | ▼ 7.2% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €183,362 | €177,870 | €163,469 | €151,750 | €140,499 | €130,313 | ▼ 7.3% |
| Land and buildings22 | - | - | - | €150,986 | €140,346 | €130,246 | ▼ 7.2% |
| Furniture and vehicles24 | - | - | - | €763 | €154 | €67 | ▼ 56.4% |
| Financial fixed assets28 | €206,868 | €206,868 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €419,696 | €573,300 | €258,877 | €360,896 | €309,227 | €274,093 | ▼ 11.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €390,417 | €95,815 | €239,450 | €316,944 | €306,869 | €235,178 | ▼ 23.4% |
| Trade receivables40 | - | - | - | €137,686 | €116,992 | €35,152 | ▼ 70.0% |
| Other amounts receivable41 | - | - | - | €179,258 | €189,878 | €200,025 | ▲ 5.3% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €29,279 | €476,154 | €18,942 | €43,377 | €1,888 | €38,408 | ▲ 20× |
| Deferred charges and accrued income490/1 | - | - | - | €575 | €470 | €507 | ▲ 8.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €809,926 | €958,038 | €422,596 | €512,895 | €449,977 | €404,656 | ▼ 10.1% |
| Equity10/15 | €311,504 | €560,031 | €369,763 | €423,977 | €397,281 | €370,952 | ▼ 6.6% |
| Contributions10/11 | €20,000 | €0 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €291,504 | €540,031 | €349,763 | €403,977 | €377,281 | €350,952 | ▼ 7.0% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €401,977 | €375,281 | €348,952 | ▼ 7.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €498,421 | €398,007 | €52,833 | €88,919 | €52,696 | €33,703 | ▼ 36.0% |
| Amounts payable within one year42/48 | €482,184 | €369,729 | €38,255 | €88,919 | €52,696 | €33,703 | ▼ 36.0% |
| Trade debts44 | €23,025 | €29,740 | €30,675 | €58,088 | €30,491 | €23,549 | ▼ 22.8% |
| Suppliers440/4 | - | - | - | €58,088 | €30,491 | €23,549 | ▼ 22.8% |
| Taxes, remuneration and social security45 | - | - | - | €26,254 | €881 | €377 | ▼ 57.2% |
| Taxes450/3 | - | - | - | €26,254 | €881 | €377 | ▼ 57.2% |
| Other amounts payable47/48 | - | - | - | €4,577 | €21,324 | €9,777 | ▼ 54.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €310,154 | €248,526 | -€190,268 | €54,214 | -€26,696 | -€26,328 | ▲ 1.4% |
| + Depreciation and write-downs630 | €15,052 | €16,254 | €14,401 | €11,719 | €11,250 | €10,186 | ▼ 9.5% |
| Operating cash flow (approximation) | €325,205 | €264,780 | -€175,866 | €65,933 | -€15,446 | -€16,142 | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | -€10,762 | €206,618 | €0 | €0 | €0 | - |
| Change in cash | - | €446,875 | -€457,212 | €24,435 | -€41,488 | €36,519 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-04-2024 | abbreviated format | 10-12-2024 | 2024-00613513 | |
| 30-04-2023 | abbreviated format | 28-12-2023 | 2023-00539725 | |
| 30-04-2022 | abbreviated format | 28-11-2022 | 2022-20527745 | |
| 30-04-2021 | abbreviated format | 22-12-2021 | 2021-81200210 | |
| 30-04-2020 | abbreviated format | 29-01-2021 | 2021-02800178 | |
| 30-04-2019 | abbreviated format | 19-12-2019 | 2019-77200275 | |
| 30-04-2018 | abbreviated format | 30-11-2018 | 2018-73500184 | |
| 30-04-2017 | abbreviated format | 28-11-2017 | 2017-70700517 | |
| 30-04-2016 | abbreviated format | 30-11-2016 | 2016-68900486 | |
| 30-04-2015 | abbreviated format | 31-12-2015 | 2015-71000524 |