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ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 January 2026 The financial year closed on 30 June 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 31-01-2025 PDF all 29 filings
Turnover
€0
2020 · €0
Total assets
€372,924▲ 1.7%
2023 · €366,526
Net result
-€18,516▼ 115%
2023 · -€8,596
Working capital
-€36,943▼ 224%
2023 · -€11,406
Multi-year overview
2019 to 2024, 6 financial yearsTurnover
no figure
2024
20192024
Operating result
-€18,900
▼ 123%
2024
20192024
Net result
-€18,516
▼ 115%
2024
lowest quarter of the sector
20192024
Equity
€123,624
▼ 13.0%
2024
middle half of the sector
20192024
Total assets
€372,924
▲ 1.7%
2024
middle half of the sector
20192024
Debt
€42,143
▲ 145%
2024
20192024
Working capital
-€36,943
▼ 224%
2024
lowest quarter of the sector
20192024
Solvency
33.1%
▼ 5.6pp
2024
middle half of the sector
20192024
Current ratio
0.12
▼ 0.21
2024
lowest quarter of the sector
20192024
Return on assets (ROA)
-5.0%
▼ 2.6pp
2024
lowest quarter of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€0-€0€0
Operating result€11,623--€2,798-€4,653▼ 66.3%-€12,784▼ 175%-€8,491▲ 33.6%-€18,900▼ 123%
Net result€9,969--€4,829below the sector's middle half€19,488within the sector's middle half-€18,911below the sector's middle half-€8,596below the sector's middle half▲ 54.5%-€18,516below the sector's middle half▼ 115%
Equity€154,987-€150,158within the sector's middle half▼ 3.1%€169,646within the sector's middle half▲ 13.0%€150,735within the sector's middle half▼ 11.1%€142,140within the sector's middle half▼ 5.7%€123,624within the sector's middle half▼ 13.0%
Total assets€462,368-€453,180within the sector's middle half▼ 2.0%€429,986within the sector's middle half▼ 5.1%€378,132within the sector's middle half▼ 12.1%€366,526within the sector's middle half▼ 3.1%€372,924within the sector's middle half▲ 1.7%
Debt€70,225-€65,865▼ 6.2%€23,183▼ 64.8%€20,240▼ 12.7%€17,230▼ 14.9%€42,143▲ 145%
Working capital€85,480-€55,087within the sector's middle half▼ 35.6%€40,426within the sector's middle half▼ 26.6%-€13,113below the sector's middle half-€11,406below the sector's middle half▲ 13.0%-€36,943below the sector's middle half▼ 224%
Solvency33.5%-33.1%within the sector's middle half▼ 0.4pp39.5%within the sector's middle half▲ 6.3pp39.9%within the sector's middle half▲ 0.4pp38.8%within the sector's middle half▼ 1.1pp33.1%within the sector's middle half▼ 5.6pp
Current ratio36.88-21.69above the sector's middle half▼ 15.196.00above the sector's middle half▼ 15.690.35below the sector's middle half▼ 5.650.34below the sector's middle half▼ 0.020.12below the sector's middle half▼ 0.21
Return on assets (ROA)2.2%--1.1%below the sector's middle half▼ 3.2pp4.5%within the sector's middle half▲ 5.6pp-5.0%below the sector's middle half▼ 9.5pp-2.3%below the sector's middle half▲ 2.7pp-5.0%below the sector's middle half▼ 2.6pp
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 2024 is a loss of €18,900, larger than the loss of €8,491 in 2023. It is the lowest result since 2020.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €372,924
Fixed assets
€367,769 ▲ 1.9%
Current assets
€5,155 ▼ 10.4%
Equity and liabilities €372,924
Equity
€123,624 ▼ 13.0%
Provisions
€207,157 =
Debt
€42,143 ▲ 145%
Debt's share of the balance-sheet total rises from 4.7% to 11.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,667▼
2023 · €1,742
Cash flow
-€8,283▼
2023 · €1,637
Debt to equity
0.34▲
2023 · 0.12
ROE
-15.0%▼
2023 · -6.0%
Interest coverage
-38.15▼
2023 · 6.17
Debt ≤ 1 year
€42,098▲
2023 · €17,161
Income taxes
€3▲
2023 · €1
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | - | - | €17,230 |
| Depreciation and write-downs of the year | €10,469 | €10,233 | €10,233 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,655 | €20,641 | €13,956 | €10,469 | €10,233 | €10,233 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€30,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €3,500 | €3,829 | €3,989 | ▲ 4.2% |
| Gross operating margin9900 | €31,898 | €19,181 | €12,741 | -€28,815 | €5,571 | -€4,678 | - |
| Operating profit (loss)9901 | €11,623 | -€2,798 | -€4,653 | -€12,784 | -€8,491 | -€18,900 | ▼ 123% |
| Financial income75/76B | - | - | - | €13 | €179 | €614 | ▲ 242% |
| Recurring financial income75 | €95 | €171 | €28,240 | €13 | €179 | €614 | ▲ 242% |
| Financial charges65/66B | - | - | - | €249 | €283 | €227 | ▼ 19.6% |
| Recurring financial charges65 | €2,427 | €2,200 | €478 | €249 | €283 | €227 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €9,292 | -€4,827 | €23,109 | -€13,020 | -€8,594 | -€18,513 | ▼ 115% |
| Income taxes67/77 | -€677 | €1 | €3,621 | €5,891 | €1 | €3 | ▲ 92.3% |
| Profit (loss) for the period9904 | €9,969 | -€4,829 | €19,488 | -€18,911 | -€8,596 | -€18,516 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €9,969 | -€4,829 | €19,488 | -€18,911 | -€8,596 | -€18,516 | ▼ 115% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €462,368 | €453,180 | €429,986 | €378,132 | €366,526 | €372,924 | ▲ 1.7% |
| Fixed assets21/28 | €374,506 | €395,430 | €381,474 | €371,005 | €360,772 | €367,769 | ▲ 1.9% |
| Tangible fixed assets22/27 | €374,506 | €395,430 | €381,474 | €371,005 | €360,772 | €367,769 | ▲ 1.9% |
| Land and buildings22 | - | - | - | €315,622 | €314,606 | €313,589 | ▼ 0.3% |
| Plant, machinery and equipment23 | - | - | - | €54,784 | €45,867 | €54,180 | ▲ 18.1% |
| Furniture and vehicles24 | - | - | - | €599 | €299 | €0 | ▼ 100% |
| Current assets29/58 | €87,863 | €57,750 | €48,512 | €7,127 | €5,754 | €5,155 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €69,439 | €34,483 | €18,076 | €3,472 | €2,469 | €2,863 | ▲ 15.9% |
| Trade receivables40 | - | - | - | €1,500 | €0 | €490 | - |
| Other amounts receivable41 | - | - | - | €1,972 | €2,469 | €2,373 | ▼ 3.9% |
| Cash at bank and in hand54/58 | €12,556 | €10,548 | €19,681 | €3,155 | €2,358 | €2,292 | ▼ 2.8% |
| Deferred charges and accrued income490/1 | - | - | - | €500 | €927 | €0 | ▼ 100% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €462,368 | €453,180 | €429,986 | €378,132 | €366,526 | €372,924 | ▲ 1.7% |
| Equity10/15 | €154,987 | €150,158 | €169,646 | €150,735 | €142,140 | €123,624 | ▼ 13.0% |
| Contributions10/11 | €62,000 | €62,000 | - | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | - | - | €266,446 | €266,446 | €266,446 | = |
| Reserves13 | €51,661 | €51,661 | €51,661 | €51,661 | €51,661 | €51,661 | = |
| Non-distributable reserves130/1 | - | - | - | €6,197 | €6,197 | €6,197 | = |
| Reserves not available under the articles1311 | - | - | - | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | - | - | €45,464 | €45,464 | €45,464 | = |
| Profit (loss) carried forward14 | -€225,120 | -€229,949 | -€210,461 | -€229,372 | -€237,967 | -€256,483 | ▼ 7.8% |
| Provisions and deferred taxes16 | €237,157 | €237,157 | €237,157 | €207,157 | €207,157 | €207,157 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €207,157 | €207,157 | €207,157 | = |
| Pensions and similar obligations160 | - | - | - | €207,157 | €207,157 | €207,157 | = |
| Major repairs and maintenance162 | - | - | - | €0 | - | - | - |
| Amounts payable17/49 | €70,225 | €65,865 | €23,183 | €20,240 | €17,230 | €42,143 | ▲ 145% |
| Amounts payable after more than one year17 | €40,000 | €35,000 | €15,000 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €2,382 | €2,663 | €8,085 | €20,240 | €17,161 | €42,098 | ▲ 145% |
| Trade debts44 | €871 | €1,411 | €704 | €1,614 | €0 | €3,500 | - |
| Suppliers440/4 | - | - | - | €1,614 | - | €3,500 | - |
| Taxes, remuneration and social security45 | - | - | - | €0 | €3 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0 | €3 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €18,625 | €17,158 | €38,599 | ▲ 125% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €69 | €45 | ▼ 35.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,969 | -€4,829 | €19,488 | -€18,911 | -€8,596 | -€18,516 | ▼ 115% |
| + Depreciation and write-downs630 | €15,655 | €20,641 | €13,956 | €10,469 | €10,233 | €10,233 | = |
| Operating cash flow (approximation) | €25,624 | €15,813 | €33,445 | -€8,442 | €1,637 | -€8,283 | - |
| Investment in fixed assets (approximation) | - | -€41,566 | €0 | €0 | €0 | -€17,230 | - |
| Change in cash | - | -€2,008 | €9,133 | -€16,526 | -€797 | -€66 | ▲ 91.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2024 | micro format | 31-01-2025 | 2025-00018559 | |
| 30-06-2023 | micro format | 26-01-2024 | 2024-00007492 | |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00004701 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-05000025 | |
| 30-06-2020 | micro format | 02-03-2021 | 2021-06700476 | |
| 30-06-2019 | micro format | 17-03-2020 | 2020-06800452 | |
| 30-06-2018 | full format | 17-01-2019 | 2019-01800600 | |
| 30-06-2017 | full format | 02-02-2018 | 2018-04400422 | |
| 30-06-2016 | full format | 24-03-2017 | 2017-07500213 | |
| 30-06-2015 | full format | 25-01-2016 | 2016-02700248 |