INTERCHANGE
InactiveOverview
Activity
Activity not known
Size
€1.3mtotal assets 2025
- Equity
- €505,399
- Loss
- -€19,538
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
1 of 5 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
23 days early
2023
41 days early
2022
15 days early
2021
on the day
2020
3 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end23-10-2026 today31-01-2027 deadline
- End & cessationAuditor report · Dissolution ·…
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€19,538
Financials · financial year 2025, micro format
Equity
€505,399▼ 3.7%
2024 · €524,937
Total assets
€1.3m▼ 7.1%
2024 · €1.4m
Net result
-€19,538
2024 · €8,414
Working capital
€72,952▼ 27.7%
2024 · €100,966
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.003m
2025
Net result-€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.3m
2025
Equity€0.5m
2025
Debt€0.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.07m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.1m▲ 15.6%€0.08m▼ 39.8%€0.1m▲ 32.3%€0.02m▼ 84.6%€0.04m▲ 141%€0.003m▼ 92.3%
Net result€0.08m-€0.09m▲ 12.9%€0.04m▼ 52.3%€0.06m▲ 48.0%-€0.005m€0.008m-€0.02m
Equity€0.3m-€0.4m▲ 26.8%€0.5m▲ 10.1%€0.5m▲ 13.6%€0.5m▼ 1.0%€0.5m▲ 1.6%€0.5m▼ 3.7%
Total assets€0.8m-€1.0m▲ 22.7%€1.7m▲ 71.2%€1.6m▼ 6.4%€1.5m▼ 8.7%€1.4m▼ 6.8%€1.3m▼ 7.1%
Debt€0.5m-€0.6m▲ 20.0%€1.3m▲ 114%€1.1m▼ 13.6%€1.0m▼ 12.4%€0.9m▼ 11.3%€0.8m▼ 9.2%
Working capital-€0.04m--€277▲ 99.4%€0.008m€0.2m▲ 2,183%€0.08m▼ 59.2%€0.1m▲ 32.9%€0.07m▼ 27.7%
Staff (FTE)11=1=1=1=0▼ 100%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 3.2%
Current assets
€111,346 ▼ 34.5%
Equity and liabilities €1.3m
Equity
€505,399 ▼ 3.7%
Debt
€773,242 ▼ 9.2%
Debt's share of the balance-sheet total falls from 61.9% to 60.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41,537▼
2024 · €96,792
Cash flow
€18,812▼
2024 · €63,569
Current ratio
2.90▲
2024 · 2.46
Quick ratio
2.85▲
2024 · 2.46
Debt to equity
1.53▼
2024 · 1.62
ROE
-3.9%▼
2024 · 1.6%
ROA
-1.5%▼
2024 · 0.6%
Interest coverage
2.15▼
2024 · 5.30
Debt ≤ 1 year
€38,394▼
2024 · €68,973
Debt > 1 year
€723,408▼
2024 · €755,835
Income taxes
€4,010▼
2024 · €15,572
Staff costs
-€894▼
2024 · €8,218
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €41,774 | €0 | €4,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €8,305 | €8,557 | €8,218 | -€894 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,042 | €40,423 | €47,698 | €53,672 | €54,832 | €55,155 | €38,351 | ▼ 30.5% |
| Other operating charges640/8 | - | - | - | €7,006 | €5,811 | €6,363 | €4,095 | ▼ 35.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €801 | - |
| Gross operating margin9900 | €182,778 | €198,181 | €147,096 | €181,383 | €86,505 | €111,373 | €45,539 | ▼ 59.1% |
| Operating profit (loss)9901 | €122,199 | €141,268 | €84,988 | €112,400 | €17,304 | €41,637 | €3,186 | ▼ 92.3% |
| Financial income75/76B | - | - | - | €18 | €41 | €611 | €576 | ▼ 5.7% |
| Recurring financial income75 | €1 | €7 | €162 | €18 | €41 | €611 | €576 | ▼ 5.7% |
| Financial charges65/66B | - | - | - | €21,919 | €20,066 | €18,261 | €19,291 | ▲ 5.6% |
| Recurring financial charges65 | €9,429 | €9,687 | €23,547 | €21,919 | €20,066 | €18,261 | €19,291 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €112,771 | €131,588 | €61,603 | €90,499 | -€2,721 | €23,987 | -€15,529 | - |
| Income taxes67/77 | €34,541 | €43,247 | €19,502 | €28,179 | €2,679 | €15,572 | €4,010 | ▼ 74.3% |
| Profit (loss) for the period9904 | €78,230 | €88,341 | €42,101 | €62,320 | -€5,401 | €8,414 | -€19,538 | - |
| Profit (loss) for the period to be appropriated9905 | €78,230 | €88,341 | €42,101 | €62,320 | -€5,401 | €8,414 | -€19,538 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €1.0m | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 7.1% |
| Fixed assets21/28 | €0.7m | €0.8m | €1.5m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 3.2% |
| Tangible fixed assets22/27 | €0.7m | €0.8m | €1.5m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 3.2% |
| Land and buildings22 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 3.1% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.003m | €0.009m | €0.007m | ▼ 20.8% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.02m | €0.001m | €0 | ▼ 100% |
| Current assets29/58 | €0.1m | €0.2m | €0.3m | €0.4m | €0.2m | €0.2m | €0.1m | ▼ 34.5% |
| Stocks and contracts in progress3 | €0.005m | €0.003m | €0.003m | €0.003m | €0.003m | €170 | €0.002m | ▲ 1,109% |
| Stocks30/36 | - | - | - | €0.003m | €0.003m | €170 | €0.002m | ▲ 1,109% |
| Amounts receivable within one year40/41 | €0.08m | €0.09m | €0.1m | €0.07m | €0.04m | €0.07m | €0.02m | ▼ 66.5% |
| Trade receivables40 | - | - | - | €0.07m | €0.04m | €0.04m | €0.01m | ▼ 70.5% |
| Other amounts receivable41 | - | - | - | €458 | €0.005m | €0.03m | €0.01m | ▼ 62.0% |
| Current investments50/53 | €0.02m | €0.01m | €0.02m | €0.006m | €200 | €200 | €200 | = |
| Cash at bank and in hand54/58 | €0.03m | €0.09m | €0.1m | €0.3m | €0.2m | €0.09m | €0.08m | ▼ 13.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.003m | €0.004m | €0.004m | ▲ 4.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €1.0m | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 7.1% |
| Equity10/15 | €0.3m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 3.7% |
| Contributions10/11 | €0.01m | €0 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 3.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 3.8% |
| Amounts payable17/49 | €0.5m | €0.6m | €1.3m | €1.1m | €1.0m | €0.9m | €0.8m | ▼ 9.2% |
| Amounts payable after more than one year17 | €0.3m | €0.4m | €1.0m | €0.9m | €0.8m | €0.8m | €0.7m | ▼ 4.3% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 9.1% |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.07m | €0.04m | ▼ 44.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.04m | €0.03m | ▼ 21.1% |
| Financial debts43 | - | - | - | €0.006m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.006m | €0 | - | - | - |
| Trade debts44 | €0.01m | €0.009m | €0.07m | €0.007m | €0.01m | €0.01m | €0.004m | ▼ 58.1% |
| Suppliers440/4 | - | - | - | €0.007m | €0.01m | €0.01m | €0.004m | ▼ 58.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.02m | €0.02m | €0.002m | ▼ 90.6% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.02m | €0.002m | ▼ 89.9% |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.002m | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.01m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0.03m | €0.01m | ▼ 57.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,230 | €88,341 | €42,101 | €62,320 | -€5,401 | €8,414 | -€19,538 | - |
| + Depreciation and write-downs630 | €43,042 | €40,423 | €47,698 | €53,672 | €54,832 | €55,155 | €38,351 | ▼ 30.5% |
| Operating cash flow (approximation) | €121,272 | €128,764 | €89,799 | €115,992 | €49,432 | €63,569 | €18,812 | ▼ 70.4% |
| Investment in fixed assets (approximation) | - | -€170,913 | -€702,312 | €161,254 | -€46,246 | -€9,166 | €801 | - |
| Change in cash | - | €58,556 | €37,821 | €150,759 | -€99,101 | -€83,723 | -€13,026 | ▲ 84.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 16-01-2026 | 2026-00008800 |
| 30-06-2024 | micro format | 08-01-2025 | 2025-00001985 |
| 30-06-2023 | micro format | 21-12-2023 | 2024-00540852 |
| 30-06-2022 | micro format | 16-01-2023 | 2023-20559308 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04300066 |
| 30-06-2020 | micro format | 28-01-2021 | 2021-04300597 |
| 30-06-2019 | micro format | 08-01-2020 | 2020-00700056 |
| 30-06-2018 | micro format | 14-12-2018 | 2018-74900316 |
| 30-06-2017 | micro format | 25-01-2018 | 2018-02700368 |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71200263 |
Subsidies and aid
Flemish government
2025 · 1 entry · €1,936 awarded · €1,936 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
07-07
Gazette deed
End & cessationAuditor report · Dissolution · Asset distribution19 facts ▸
Gazette deed
End & cessation
Auditor report · Dissolution · Asset distribution19 facts ▸
- General meeting, 17-06-2026
- Other provision, “waarneming van formaliteiten, enige aandeelhouder en tevens enige bestuurder aanwezig” (deed in Dutch)
- Other provision, “voorlegging verslag bestuursorgaan en staat van activa en passiva”, 11-05-2026 (deed in Dutch)
- Auditor report, “discontinuïteit”, EUR (deed in Dutch)
- Other provision, “kennisname bijkomende informatie bestuursorgaan, artikel 2:97 WVV” (deed in Dutch)
- Other provision, “verklaring geen andere schulden aan derden, betaald dan wel geconsigneerd” (deed in Dutch)
- Other provision, “verklaring bestuursorgaan als vereffenaars, gebreke aan benoeming van vereffenaars” (deed in Dutch)
- Other provision, “vaststelling voorwaarden ontbinding en vereffening in één akte, vervuld” (deed in Dutch)
- Other provision, “goedkeuring verdelingsplan, artikel 2:97 § 2 WVV” (deed in Dutch)
- Other provision, “verklaring aandeelhouder overname toekomstige activa en passiva” (deed in Dutch)
- Dissolution, “vroegtijdige ontbinding, eenparigheid van stemmen” (deed in Dutch)
- Asset distribution, “geheel vermogen, actief en passief, aandeelhouder” (deed in Dutch)
- +7 further facts in this act
16-01
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
30-06
Financial
Weakest financial yearnet -€19,538
Net result drops to -€19,538, the lowest in the series.
08-01
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
30-06
Financial
Back to profitnet €8,414
Net result €8,414 after one loss-making year.
2023
21-12
NBB filing
Annual accounts filed
financial year 2023 · micro format
16-01
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
30-06
Financial
Liquidity doublescurrent ratio 2.09
Current ratio from 1.03 to 2.09; short-term debt falls from €244,074 to €171,037.
30-06
Financial
Equity above €500,000equity €521,924 ▲13.6%
A profit in every financial year since 2019 builds equity to €521,924.
31-01
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
28-01
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
30-06
Financial
Highest result from 2019 to 2025net €88,341 ▲12.9%
Operating result €141,268, net result €88,341, both a record.
Show earlier events
08-01
NBB filing
Annual accounts filed
financial year 2019 · micro format
2018
14-12
NBB filing
Annual accounts filed
financial year 2018 · micro format
25-01
NBB filing
Annual accounts filed
financial year 2017 · micro format
2016
22-12
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 29 annual accounts filed, the latest 10 are here; all 29 are under Financials.
1 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Environmental permits
1 application in Flanders since 2019 · 1 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Waasmunster
Ground area
1,895 m²
Building footprint
309 m²
Building volume
879 m³
Parcel 42023A1077/00E000, Flanders · tallest building 4.7 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42023A1077/00E000 | Flanders | 1,895 m² | 1 · 309 m² | 4.7 m · 1 |
How the parcels are linked
Good to know
The parcel matches the address exactly.