IsoStyle
Open bankruptcyFinancials · financial year 2024, abbreviated format
Turnover
≈ €74,000
Estimated: probably between €40,000 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
Trend over the years
2021 to 2024, 4 financial years
The operating result returns to profit in 2024: €2,366 after a loss of €128,120 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2,366
2024
Net result€2,146
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€110,056
2024
Equity-€100,807
2024
Debt€210,863
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€101,111
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.0%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-91.6%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.52
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0.7
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
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 middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 17-04-2025 | 2025-00071382 |
| 31-12-2023 | abbreviated format | 17-07-2024 | 2024-00258430 |
| 31-12-2022 | abbreviated format | 11-07-2023 | 2023-00225577 |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20162165 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 19,854 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,321. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.