IP RACING
InactiveFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 18-06-2025 at the NBB all 2 filings
Equity
-€67,190▼ 46.9%
2023 · -€45,734
Total assets
€1,047▼ 95.0%
2023 · €20,876
Net result
-€21,457▼ 58.1%
2023 · -€13,575
Working capital
-€67,190▼ 4.6%
2023 · -€64,226
Multi-year overview
2023 to 2024, 2 financial yearsOperating result
-€21,419
▼ 61.6%
2024
20232024
Net result
-€21,457
▼ 58.1%
2024
20232024
Equity
-€67,190
▼ 46.9%
2024
20232024
Total assets
€1,047
▼ 95.0%
2024
20232024
Debt
€68,237
▲ 2.4%
2024
20232024
Working capital
-€67,190
▼ 4.6%
2024
20232024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result-€13,256--€21,419▼ 61.6%
Net result-€13,575--€21,457▼ 58.1%
Equity-€45,734--€67,190▼ 46.9%
Total assets€20,876-€1,047▼ 95.0%
Debt€66,609-€68,237▲ 2.4%
Working capital-€64,226--€67,190▼ 4.6%
The operating result for 2024 is a loss of €21,419, larger than the loss of €13,256 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
EBITDA
-€21,419▼
2023 · -€4,307
Cash flow
-€21,457▼
2023 · -€4,627
Interest coverage
-567.09▼
2023 · -13.43
Debt ≤ 1 year
€68,237▲
2023 · €66,225
The ratios are withheld because a balance sheet total of €1,047 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,948 | €0 | ▼ 100% |
| Other operating charges640/8 | €384 | €20 | ▼ 94.9% |
| Non-recurring operating charges66A | - | €16,168 | - |
| Gross operating margin9900 | -€3,923 | -€5,231 | ▼ 33.4% |
| Operating profit (loss)9901 | -€13,256 | -€21,419 | ▼ 61.6% |
| Financial income75/76B | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €321 | €38 | ▼ 88.2% |
| Recurring financial charges65 | €321 | €38 | ▼ 88.2% |
| Profit (loss) for the period before taxes9903 | -€13,575 | -€21,457 | ▼ 58.1% |
| Profit (loss) for the period9904 | -€13,575 | -€21,457 | ▼ 58.1% |
| Profit (loss) for the period to be appropriated9905 | -€13,575 | -€21,457 | ▼ 58.1% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,876 | €1,047 | ▼ 95.0% |
| Fixed assets21/28 | €18,877 | €0 | ▼ 100% |
| Intangible fixed assets21 | €6,842 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €12,035 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €12,035 | €0 | ▼ 100% |
| Current assets29/58 | €1,999 | €1,047 | ▼ 47.6% |
| Amounts receivable within one year40/41 | €1,480 | €919 | ▼ 37.9% |
| Trade receivables40 | €65 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,415 | €919 | ▼ 35.0% |
| Cash at bank and in hand54/58 | €519 | €128 | ▼ 75.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,876 | €1,047 | ▼ 95.0% |
| Equity10/15 | -€45,734 | -€67,190 | ▼ 46.9% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€46,734 | -€68,190 | ▼ 45.9% |
| Amounts payable17/49 | €66,609 | €68,237 | ▲ 2.4% |
| Amounts payable within one year42/48 | €66,225 | €68,237 | ▲ 3.0% |
| Trade debts44 | €2,625 | €0 | ▼ 100% |
| Suppliers440/4 | €2,625 | €0 | ▼ 100% |
| Other amounts payable47/48 | €63,600 | €68,237 | ▲ 7.3% |
| Accrued charges and deferred income492/3 | €384 | €0 | ▼ 100% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€13,575 | -€21,457 | ▼ 58.1% |
| + Depreciation and write-downs630 | €8,948 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€4,627 | -€21,457 | ▼ 364% |
| Investment in fixed assets (approximation) | - | €18,877 | - |
| Change in cash | - | -€391 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.