KEYLOG
Dissolution or liquidationFinancials · financial year 2024, full format
2024 annual accounts filed late (82 days) Filed on 23 April 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00076549.
Turnover
€149,670▼ 65.5%
2022 · €433,213
EBIT margin
46.6%▼ 88.0pp
2022 · 134.6%
Net result
€72,683▲ 4.2%
2023 · €69,739
Working capital
€581,963▲ 6.2%
2023 · €547,962
Trend over the years
2022 to 2024, 3 financial years
The operating result recovers in 2024; 2024 is 5% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€149,670
2023
Operating result€73,098
2024
Net result€72,683
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€826,868
2024
Equity€750,314
2024
Debt€76,554
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€581,963
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin46.6%
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202220232024
Turnover€433,213-€149,670▼ 65.5%
Operating result€583,091-€69,739▼ 88.0%€73,098▲ 4.8%
Net result€582,622-€69,739▼ 88.0%€72,683▲ 4.2%
EBIT margin134.6%-46.6%▼ 88.0pp
Equity€607,622-€677,361▲ 11.5%€750,314▲ 10.8%
Total assets€670,359-€774,516▲ 15.5%€826,868▲ 6.8%
Debt€62,737-€97,155▲ 54.9%€76,554▼ 21.2%
Working capital€429,253-€547,962▲ 27.7%€581,963▲ 6.2%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €826,868
Fixed assets
€200,991 ▲ 18.0%
Current assets
€625,877 ▲ 3.6%
Equity and liabilities €826,868
Equity
€750,314 ▲ 10.8%
Debt
€76,554 ▼ 21.2%
Debt's share of the balance-sheet total falls from 12.5% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105,738▼
2023 · €125,208
Cash flow
€105,323▼
2023 · €125,208
Current ratio
14.25▲
2023 · 10.75
Debt to equity
0.10▼
2023 · 0.14
ROE
9.7%▼
2023 · 10.3%
ROA
8.8%▼
2023 · 9.0%
Interest coverage
over 100
Debt ≤ 1 year
€43,914▼
2023 · €56,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €433,213 | €149,670 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €170,828 | €22,353 | - | - |
| Remuneration, social security and pensions62 | €84,652 | €1,959 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,469 | €55,469 | €32,640 | ▼ 41.2% |
| Other operating charges640/8 | €3,031 | €149 | €1,626 | ▲ 991% |
| Non-recurring operating charges66A | - | - | €331 | - |
| Gross operating margin9900 | €726,243 | €127,317 | €107,694 | ▼ 15.4% |
| Operating profit (loss)9901 | €583,091 | €69,739 | €73,098 | ▲ 4.8% |
| Financial charges65/66B | €469 | - | €416 | - |
| Recurring financial charges65 | €469 | - | €416 | - |
| Profit (loss) for the period before taxes9903 | €582,622 | €69,739 | €72,683 | ▲ 4.2% |
| Profit (loss) for the period9904 | €582,622 | €69,739 | €72,683 | ▲ 4.2% |
| Profit (loss) for the period to be appropriated9905 | €582,622 | €69,739 | €72,683 | ▲ 4.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €670,359 | €774,516 | €826,868 | ▲ 6.8% |
| Fixed assets21/28 | €225,832 | €170,363 | €200,991 | ▲ 18.0% |
| Tangible fixed assets22/27 | €221,877 | €166,408 | €195,491 | ▲ 17.5% |
| Land and buildings22 | €219,531 | €164,531 | €143,272 | ▼ 12.9% |
| Plant, machinery and equipment23 | - | - | €32,500 | - |
| Furniture and vehicles24 | €2,346 | €1,877 | €11,249 | ▲ 499% |
| Other tangible fixed assets26 | - | - | €8,470 | - |
| Financial fixed assets28 | €3,955 | €3,955 | €5,500 | ▲ 39.1% |
| Current assets29/58 | €444,527 | €604,154 | €625,877 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €443,928 | €603,279 | €547,997 | ▼ 9.2% |
| Trade receivables40 | €429,718 | €584,404 | €547,997 | ▼ 6.2% |
| Other amounts receivable41 | €14,210 | €18,875 | - | - |
| Cash at bank and in hand54/58 | €599 | €875 | €70,221 | ▲ 80× |
| Deferred charges and accrued income490/1 | - | - | €7,659 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €670,359 | €774,516 | €826,868 | ▲ 6.8% |
| Equity10/15 | €607,622 | €677,361 | €750,314 | ▲ 10.8% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | - | €25,000 | - |
| Issued capital100 | - | - | €25,000 | - |
| Contributions outside capital11 | €25,000 | €25,000 | - | - |
| Other1109/19 | €25,000 | €25,000 | - | - |
| Profit (loss) carried forward14 | €582,622 | €652,361 | €725,314 | ▲ 11.2% |
| Amounts payable17/49 | €62,737 | €97,155 | €76,554 | ▼ 21.2% |
| Amounts payable within one year42/48 | €15,274 | €56,192 | €43,914 | ▼ 21.9% |
| Trade debts44 | €12,098 | €55,151 | €34,169 | ▼ 38.0% |
| Suppliers440/4 | €12,098 | €55,151 | €34,169 | ▼ 38.0% |
| Taxes, remuneration and social security45 | €3,176 | €1,041 | €9,745 | ▲ 836% |
| Taxes450/3 | - | - | €9,745 | - |
| Remuneration and social security454/9 | €3,176 | €1,041 | - | - |
| Accrued charges and deferred income492/3 | €47,463 | €40,963 | €32,640 | ▼ 20.3% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €582,622 | €69,739 | €72,683 | ▲ 4.2% |
| + Depreciation and write-downs630 | €55,469 | €55,469 | €32,640 | ▼ 41.2% |
| Operating cash flow (approximation) | €638,091 | €125,208 | €105,323 | ▼ 15.9% |
| Investment in fixed assets (approximation) | - | €0 | -€63,268 | - |
| Change in cash | - | €275 | €69,346 | ▲ 252× |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | full format | 23-04-2025 | 2025-00076549 |
| 30-06-2023 | full format | 05-11-2024 | 2024-00528583 |
| 30-06-2022 | full format | 05-11-2024 | 2024-00528826 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.