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Open bankruptcyFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 17-04-2025 PDF all 4 filings
Turnover
≈ €74,000
Estimated: probably between €43,000 and €150,000
Total assets
€110,056▼ 49.5%
2023 · €217,725
Net result
€2,146
2023 · -€128,926
Working capital
-€101,111▲ 2.4%
2023 · -€103,599
Multi-year overview
2021 to 2024, 4 financial yearsOperating result
€2,366
2024
20212024
Net result
€2,146
2024
lowest quarter of the sector
20212024
Equity
-€100,807
▲ 2.1%
2024
lowest quarter of the sector
20212024
Total assets
€110,056
▼ 49.5%
2024
lowest quarter of the sector
20212024
Debt
€210,863
▼ 34.2%
2024
20212024
Working capital
-€101,111
▲ 2.4%
2024
lowest quarter of the sector
20212024
Solvency
-91.6%
▼ 44.3pp
2024
lowest quarter of the sector
20212024
Current ratio
0.52
▼ 0.16
2024
lowest quarter of the sector
20212024
Return on assets (ROA)
2.0%
▲ 61.2pp
2024
middle half of the sector
20212024
Staff (FTE)
no figure
2024
20212024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€4,339-€17,215▲ 297%-€128,120€2,366
Net result€2,622below the sector's middle half-€13,350within the sector's middle half▲ 409%-€128,926below the sector's middle half€2,146below the sector's middle half
Equity€12,622below the sector's middle half-€25,972below the sector's middle half▲ 106%-€102,954below the sector's middle half-€100,807below the sector's middle half▲ 2.1%
Total assets€272,269below the sector's middle half-€320,173below the sector's middle half▲ 17.6%€217,725below the sector's middle half▼ 32.0%€110,056below the sector's middle half▼ 49.5%
Debt€259,647-€294,201▲ 13.3%€320,678▲ 9.0%€210,863▼ 34.2%
Working capital€11,306below the sector's middle half-€24,992below the sector's middle half▲ 121%-€103,599below the sector's middle half-€101,111below the sector's middle half▲ 2.4%
Solvency4.6%below the sector's middle half-8.1%below the sector's middle half▲ 3.5pp-47.3%below the sector's middle half▼ 55.4pp-91.6%below the sector's middle half▼ 44.3pp
Current ratio1.04below the sector's middle half-1.08below the sector's middle half▲ 0.040.68below the sector's middle half▼ 0.410.52below the sector's middle half▼ 0.16
Return on assets (ROA)1.0%below the sector's middle half-4.2%within the sector's middle half▲ 3.2pp-59.2%below the sector's middle half▼ 63.4pp2.0%within the sector's middle half▲ 61.2pp
Staff (FTE)0.9below the sector's middle half-0.7below the sector's middle half▼ 22.2%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 2024 is a profit of €2,366, after a loss of €128,120 in 2023.
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
2024 in colour, 2023 as the grey bar beneath
Assets €110,056
Fixed assets
€310 ▼ 52.0%
Current assets
€109,746 ▼ 49.4%
Equity and liabilities
Equity-€100,807
Debt€210,863
Equity is negative. Debt (€210,863) exceeds the balance-sheet total (€110,056).
Key figures and ratios
EBITDA
€2,702▲
2023 · -€127,785
Cash flow
€2,482▲
2023 · -€128,590
Quick ratio
0.33▼
2023 · 0.40
Interest coverage
12.28▲
2023 · -924.97
Debt ≤ 1 year
€210,858▼
2023 · €320,678
Income taxes
€0▼
2023 · €668
Staff costs
-€310▼
2023 · €490
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 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 0.9 | 0.7 |
| Joined | 1 | 0 |
| Left | 0 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,342 | - | - | - |
| Depreciation and write-downs of the year | €26 | €336 | €336 | €336 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €70,891 | €67,989 | €490 | -€310 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26 | €336 | €336 | €336 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,560 | - |
| Other operating charges640/8 | - | - | €671 | €387 | ▼ 42.3% |
| Gross operating margin9900 | €75,255 | €85,539 | -€126,624 | €7,340 | - |
| Operating profit (loss)9901 | €4,339 | €17,215 | -€128,120 | €2,366 | - |
| Financial income75/76B | €63 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €63 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €46 | €175 | €138 | €220 | ▲ 59.2% |
| Recurring financial charges65 | €46 | €175 | €138 | €220 | ▲ 59.2% |
| Profit (loss) for the period before taxes9903 | €4,355 | €17,040 | -€128,258 | €2,146 | - |
| Income taxes67/77 | €1,733 | €3,690 | €668 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2,622 | €13,350 | -€128,926 | €2,146 | - |
| Profit (loss) for the period to be appropriated9905 | €2,622 | €13,350 | -€128,926 | €2,146 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €272,269 | €320,173 | €217,725 | €110,056 | ▼ 49.5% |
| Fixed assets21/28 | €1,316 | €981 | €645 | €310 | ▼ 52.0% |
| Tangible fixed assets22/27 | €1,316 | €981 | €645 | €310 | ▼ 52.0% |
| Plant, machinery and equipment23 | €1,316 | €981 | €645 | €310 | ▼ 52.0% |
| Current assets29/58 | €270,952 | €319,192 | €217,079 | €109,746 | ▼ 49.4% |
| Stocks and contracts in progress3 | €71,199 | €135,826 | €88,665 | €40,350 | ▼ 54.5% |
| Stocks30/36 | €71,199 | €101,009 | €67,030 | €27,136 | ▼ 59.5% |
| Contracts in progress37 | - | €34,818 | €21,634 | €13,215 | ▼ 38.9% |
| Amounts receivable within one year40/41 | €173,789 | €170,415 | €113,162 | €59,642 | ▼ 47.3% |
| Trade receivables40 | €169,382 | €153,216 | €75,496 | €59,640 | ▼ 21.0% |
| Other amounts receivable41 | €4,407 | €17,199 | €37,666 | €1 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €25,964 | €12,416 | €13,121 | €9,754 | ▼ 25.7% |
| Deferred charges and accrued income490/1 | - | €535 | €2,133 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €272,269 | €320,173 | €217,725 | €110,056 | ▼ 49.5% |
| Equity10/15 | €12,622 | €25,972 | -€102,954 | -€100,807 | ▲ 2.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €2,622 | €15,972 | €15,972 | €15,972 | = |
| Distributable reserves133 | €2,622 | €15,972 | €15,972 | €15,972 | = |
| Profit (loss) carried forward14 | - | - | -€128,926 | -€126,780 | ▲ 1.7% |
| Amounts payable17/49 | €259,647 | €294,201 | €320,678 | €210,863 | ▼ 34.2% |
| Amounts payable within one year42/48 | €259,647 | €294,201 | €320,678 | €210,858 | ▼ 34.2% |
| Trade debts44 | €108,719 | €193,023 | €208,302 | €174,038 | ▼ 16.4% |
| Suppliers440/4 | €108,719 | €193,023 | €208,302 | €174,038 | ▼ 16.4% |
| Advances received on contracts in progress46 | €129,428 | €43,378 | €3,190 | €3,923 | ▲ 23.0% |
| Taxes, remuneration and social security45 | €21,265 | €4,590 | €4,358 | €2,638 | ▼ 39.5% |
| Taxes450/3 | €3,650 | €4,240 | €4,358 | €2,638 | ▼ 39.5% |
| Remuneration and social security454/9 | €17,615 | €350 | €0 | - | - |
| Other amounts payable47/48 | €236 | €53,210 | €104,828 | €30,259 | ▼ 71.1% |
| Accrued charges and deferred income492/3 | - | - | - | €6 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,622 | €13,350 | -€128,926 | €2,146 | - |
| + Depreciation and write-downs630 | €26 | €336 | €336 | €336 | = |
| Operating cash flow (approximation) | €2,648 | €13,686 | -€128,590 | €2,482 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€13,549 | €705 | -€3,366 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.