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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 10-12-2024 PDF all 4 filings
Turnover
≈ €68,000
Estimated: probably between €33,000 and €140,000
Total assets
€43,494▲ 50.0%
2022 · €28,989
Net result
€7,532
2022 · -€1,528
Working capital
€28,767▲ 49.5%
2022 · €19,243
Multi-year overview
2020 to 2023, 4 financial yearsOperating result
€11,549
2023
20202023
Net result
€7,532
2023
middle half of the sector
20202023
Equity
€33,447
▲ 29.1%
2023
middle half of the sector
20202023
Total assets
€43,494
▲ 50.0%
2023
lowest quarter of the sector
20202023
Debt
€10,048
▲ 227%
2023
20202023
Working capital
€28,767
▲ 49.5%
2023
middle half of the sector
20202023
Solvency
76.9%
▼ 12.5pp
2023
middle half of the sector
20202023
Current ratio
3.86
▼ 3.39
2023
middle half of the sector
20202023
Return on assets (ROA)
17.3%
▲ 22.6pp
2023
middle half of the sector
20202023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€25,957-€11,081▼ 57.3%-€981€11,549
Net result€18,720within the sector's middle half-€7,723within the sector's middle half▼ 58.7%-€1,528below the sector's middle half€7,532within the sector's middle half
Equity€19,720below the sector's middle half-€27,442within the sector's middle half▲ 39.2%€25,914below the sector's middle half▼ 5.6%€33,447within the sector's middle half▲ 29.1%
Total assets€28,057below the sector's middle half-€32,172below the sector's middle half▲ 14.7%€28,989below the sector's middle half▼ 9.9%€43,494below the sector's middle half▲ 50.0%
Debt€8,337-€4,729▼ 43.3%€3,075▼ 35.0%€10,048▲ 227%
Working capital€19,746within the sector's middle half-€18,781within the sector's middle half▼ 4.9%€19,243within the sector's middle half▲ 2.5%€28,767within the sector's middle half▲ 49.5%
Solvency70.3%within the sector's middle half-85.3%above the sector's middle half▲ 15.0pp89.4%above the sector's middle half▲ 4.1pp76.9%within the sector's middle half▼ 12.5pp
Current ratio3.38within the sector's middle half-4.97above the sector's middle half▲ 1.607.26above the sector's middle half▲ 2.293.86within the sector's middle half▼ 3.39
Return on assets (ROA)66.7%above the sector's middle half-24.0%within the sector's middle half▼ 42.7pp-5.3%below the sector's middle half▼ 29.3pp17.3%within the sector's middle half▲ 22.6pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2023 is a profit of €11,549, after a loss of €981 in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €43,494
Fixed assets
€4,680 ▼ 29.8%
Current assets
€38,815 ▲ 73.9%
Equity and liabilities €43,494
Equity
€33,447 ▲ 29.1%
Debt
€10,048 ▲ 227%
Debt's share of the balance-sheet total rises from 10.6% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,540▲
2022 · €1,010
Cash flow
€9,523▲
2022 · €463
Debt to equity
0.30▲
2022 · 0.12
ROE
22.5%▲
2022 · -5.9%
Interest coverage
over 100▲
2022 · 8.66
Debt ≤ 1 year
€10,048▲
2022 · €3,075
Income taxes
€3,940▲
2022 · €478
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €9,954 | - | - |
| Financial fixed assets | €195 | - | - |
| Depreciation and write-downs of the year | €1,488 | €1,991 | €1,991 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,488 | €1,991 | €1,991 | = |
| Other operating charges640/8 | - | €275 | €626 | €1,000 | ▲ 59.6% |
| Gross operating margin9900 | €26,046 | €12,844 | €1,636 | €14,540 | ▲ 789% |
| Operating profit (loss)9901 | €25,957 | €11,081 | -€981 | €11,549 | - |
| Financial income75/76B | - | €0 | €48 | €0 | ▼ 100% |
| Recurring financial income75 | €9 | €0 | €48 | €0 | ▼ 100% |
| Financial charges65/66B | - | €64 | €117 | €77 | ▼ 33.7% |
| Recurring financial charges65 | €59 | €64 | €117 | €77 | ▼ 33.7% |
| Profit (loss) for the period before taxes9903 | €25,907 | €11,017 | -€1,050 | €11,472 | - |
| Income taxes67/77 | €7,188 | €3,294 | €478 | €3,940 | ▲ 724% |
| Profit (loss) for the period9904 | €18,720 | €7,723 | -€1,528 | €7,532 | - |
| Profit (loss) for the period to be appropriated9905 | €18,720 | €7,723 | -€1,528 | €7,532 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28,057 | €32,172 | €28,989 | €43,494 | ▲ 50.0% |
| Fixed assets21/28 | - | €8,661 | €6,671 | €4,680 | ▼ 29.8% |
| Tangible fixed assets22/27 | - | €8,466 | €6,476 | €4,485 | ▼ 30.7% |
| Furniture and vehicles24 | - | €8,466 | €6,476 | €4,485 | ▼ 30.7% |
| Financial fixed assets28 | - | €195 | €195 | €195 | = |
| Current assets29/58 | €28,057 | €23,510 | €22,319 | €38,815 | ▲ 73.9% |
| Amounts receivable within one year40/41 | €4,514 | €3,672 | €6,899 | €6,431 | ▼ 6.8% |
| Trade receivables40 | - | €3,672 | €6,899 | €6,431 | ▼ 6.8% |
| Cash at bank and in hand54/58 | €23,543 | €19,459 | €14,363 | €31,234 | ▲ 117% |
| Deferred charges and accrued income490/1 | - | €379 | €1,058 | €1,150 | ▲ 8.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28,057 | €32,172 | €28,989 | €43,494 | ▲ 50.0% |
| Equity10/15 | €19,720 | €27,442 | €25,914 | €33,447 | ▲ 29.1% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €18,720 | €26,442 | €26,442 | €32,447 | ▲ 22.7% |
| Distributable reserves133 | - | €26,442 | €26,442 | €32,447 | ▲ 22.7% |
| Profit (loss) carried forward14 | - | - | -€1,528 | €0 | - |
| Amounts payable17/49 | €8,337 | €4,729 | €3,075 | €10,048 | ▲ 227% |
| Amounts payable within one year42/48 | €8,311 | €4,729 | €3,075 | €10,048 | ▲ 227% |
| Trade debts44 | - | €594 | €674 | €486 | ▼ 27.9% |
| Suppliers440/4 | - | €594 | €674 | €486 | ▼ 27.9% |
| Taxes, remuneration and social security45 | - | €4,135 | €2,401 | €9,562 | ▲ 298% |
| Taxes450/3 | - | €4,135 | €2,401 | €9,562 | ▲ 298% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,720 | €7,723 | -€1,528 | €7,532 | - |
| + Depreciation and write-downs630 | - | €1,488 | €1,991 | €1,991 | = |
| Operating cash flow (approximation) | €18,720 | €9,210 | €463 | €9,523 | ▲ 21× |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€4,083 | -€5,097 | €16,871 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.