Summary
Kpler Holding has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €86.2m and a net result of -€8.0m. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 66% of 1,102 sector peers (NACE 73, fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Etterbeek, Professional and technical services sector#2 company by equity in Etterbeek, Professional and technical services sector
Turnover
€14.8m▲ 58.2%
2023 · €9.4m
EBIT margin
-18.4%▲ 5.5pp
2023 · -23.9%
Net result
-€8.0m▼ 102%
2023 · -€3.9m
Working capital
-€6.5m
2023 · €1.1m
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result stays negative: a loss of €2.7m in 2024 against €2.2m in 2023; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€14.8m
2024
Operating result-€2.7m
2024
Net result-€8.0m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€138.0m
2024
Equity€86.2m
2024
Debt€51.8m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€6.5m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-18.4%
2024
Return on assets (ROA)-5.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.82
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)10.5
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€1.5m€3.7m▲ 154%€6.7m▲ 82.0%€9.4m▲ 40.0%€14.8m▲ 58.2%
Operating result-€0.1m--€0.1m▲ 17.1%€0.09m€0.2m▲ 133%-€4.2m-€2.2m▲ 46.7%-€2.7m▼ 21.7%
Net result-€0.2m-€0.008m€0.08mabove the sector's middle half▲ 962%€3.0mabove the sector's middle half▲ 3,497%-€4.3mbelow the sector's middle half-€3.9mbelow the sector's middle half▲ 7.8%-€8.0mbelow the sector's middle half▼ 102%
EBIT margin6.3%5.8%▼ 0.5pp-62.9%▼ 68.7pp-23.9%▲ 39.0pp-18.4%▲ 5.5pp
Equity-€1.1m-€62.0m€62.1mabove the sector's middle half▲ 0.1%€65.1mabove the sector's middle half▲ 4.9%€77.1mabove the sector's middle half▲ 18.3%€91.1mabove the sector's middle half▲ 18.2%€86.2mabove the sector's middle half▼ 5.5%
Total assets€0.5m-€62.6m▲ 13,561%€64.6mabove the sector's middle half▲ 3.3%€75.6mabove the sector's middle half▲ 17.0%€98.6mabove the sector's middle half▲ 30.3%€123.5mabove the sector's middle half▲ 25.3%€138.0mabove the sector's middle half▲ 11.7%
Debt€1.6m-€0.6m▼ 64.4%€2.5m▲ 347%€10.5m▲ 313%€21.5m▲ 105%€32.4m▲ 50.8%€51.8m▲ 60.1%
Working capital-€0.07m--€0.5m▼ 541%-€0.4mbelow the sector's middle half▲ 14.8%€1.5mabove the sector's middle half-€8.6mbelow the sector's middle half€1.1mabove the sector's middle half-€6.5mbelow the sector's middle half
Solvency-248.3%-99.1%▲ 347.4pp96.1%above the sector's middle half▼ 3.0pp86.1%above the sector's middle half▼ 10.0pp78.2%above the sector's middle half▼ 7.9pp73.8%above the sector's middle half▼ 4.4pp62.4%within the sector's middle half▼ 11.3pp
Current ratio0.41-0.17▼ 0.240.84below the sector's middle half▲ 0.671.44within the sector's middle half▲ 0.600.54below the sector's middle half▼ 0.901.06within the sector's middle half▲ 0.520.82below the sector's middle half▼ 0.24
Return on assets (ROA)-47.1%-0.0%▲ 47.2pp0.1%within the sector's middle half▲ 0.1pp4.0%within the sector's middle half▲ 3.9pp-4.3%below the sector's middle half▼ 8.4pp-3.2%below the sector's middle half▲ 1.1pp-5.8%below the sector's middle half▼ 2.6pp
Staff (FTE)0.26.1within the sector's middle half▲ 2,950%7.9within the sector's middle half▲ 29.5%13within the sector's middle half▲ 64.6%11.5within the sector's middle half▼ 11.5%10.5within the sector's middle half▼ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €138.0m
Fixed assets
€109.0m ▲ 4.1%
Current assets
€29.0m ▲ 54.4%
Equity and liabilities €138.0m
Equity
€86.2m ▼ 5.5%
Provisions
€0 ▼ 100%
Debt
€51.8m ▲ 60.1%
Debt's share of the balance-sheet total rises from 26.2% to 37.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-9.2%▼
2023 · -4.3%
Debt ≤ 1 year
€35.5m▲
2023 · €17.7m
Debt > 1 year
€16.1m▲
2023 · €14.5m
Income taxes
€250,979▲
2023 · €637
Staff costs
€2.1m▲
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.7m | €6.7m | €9.7m | €15.2m | ▲ 56.8% |
| Turnover70 | - | - | €1.5m | €3.7m | €6.7m | €9.4m | €14.8m | ▲ 58.2% |
| Other operating income74 | - | - | - | €2 | €0.01m | €0.3m | €0.3m | ▲ 10.8% |
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0.03m | ▲ 34.7% |
| Operating charges60/66A | - | - | - | €3.5m | €10.9m | €11.9m | €17.9m | ▲ 50.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | -€0.02m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | - | -€0.02m | - |
| Services and other goods61 | - | - | - | €2.5m | €9.6m | €10.0m | €15.7m | ▲ 56.8% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €1.2m | €1.8m | €2.1m | ▲ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.01m | €0.03m | €0.03m | €0.05m | €0.06m | €0.06m | ▲ 8.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.02m | €0.007m | €0.02m | ▲ 208% |
| Non-recurring operating charges66A | - | - | - | €199 | €9 | €0.001m | €0 | ▼ 100% |
| Gross operating margin9900 | -€0.1m | -€0.06m | - | - | - | - | - | - |
| Operating profit (loss)9901 | -€0.1m | -€0.1m | €0.09m | €0.2m | -€4.2m | -€2.2m | -€2.7m | ▼ 21.7% |
| Financial income75/76B | - | - | - | €3.1m | €0.7m | €0.9m | €2.0m | ▲ 121% |
| Recurring financial income75 | €0.002m | €15 | €0.002m | €3.1m | €0.7m | €0.9m | €2.0m | ▲ 122% |
| Income from financial fixed assets750 | - | - | - | €2.8m | €0 | - | - | - |
| Income from current assets751 | - | - | - | €0.2m | €0.6m | €0.9m | €1.9m | ▲ 113% |
| Other financial income752/9 | - | - | - | €0.01m | €0.05m | €0.02m | €0.1m | ▲ 440% |
| Non-recurring financial income76B | - | - | - | - | €208 | €0.001m | €0.001m | ▼ 12.4% |
| Financial charges65/66B | - | - | - | €0.2m | €0.8m | €2.6m | €7.0m | ▲ 167% |
| Recurring financial charges65 | €0.01m | €44 | €0.008m | €0.2m | €0.8m | €2.6m | €7.0m | ▲ 167% |
| Debt charges650 | - | - | €0.004m | €0.2m | €0.7m | €2.6m | €6.3m | ▲ 144% |
| Other financial charges652/9 | - | - | - | €0.05m | €0.06m | €0.06m | €0.7m | ▲ 1,236% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.008m | €0.08m | €3.0m | -€4.3m | -€3.9m | -€7.7m | ▼ 95.2% |
| Income taxes67/77 | -€6 | - | - | €0.001m | €0.001m | €0.001m | €0.3m | ▲ 39,316% |
| Taxes670/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.3m | ▲ 39,316% |
| Profit (loss) for the period9904 | -€0.2m | €0.008m | €0.08m | €3.0m | -€4.3m | -€3.9m | -€8.0m | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.008m | €0.08m | €3.0m | -€4.3m | -€3.9m | -€8.0m | ▼ 102% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.5m | €62.6m | €64.6m | €75.6m | €98.6m | €123.5m | €138.0m | ▲ 11.7% |
| Formation expenses20 | - | €0.1m | €0.09m | €0.07m | €0.04m | €0.01m | €0 | ▼ 100% |
| Fixed assets21/28 | €0.4m | €62.4m | €62.4m | €70.7m | €88.4m | €104.7m | €109.0m | ▲ 4.1% |
| Intangible fixed assets21 | - | - | - | - | €0.02m | €0.01m | €0.008m | ▼ 33.3% |
| Tangible fixed assets22/27 | - | - | €0.009m | €0.02m | €0.08m | €0.1m | €0.2m | ▲ 8.0% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.05m | €0.05m | €0.06m | ▲ 29.9% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.03m | €0.1m | €0.1m | ▼ 2.0% |
| Financial fixed assets28 | €0.4m | €62.4m | €62.4m | €70.7m | €88.3m | €104.6m | €108.8m | ▲ 4.1% |
| Affiliated companies280/1 | - | - | - | €70.6m | €88.0m | €102.9m | €108.6m | ▲ 5.5% |
| Participating interests280 | - | - | - | €62.4m | €79.7m | €94.6m | €98.2m | ▲ 3.8% |
| Amounts receivable281 | - | - | - | €8.3m | €8.3m | €8.4m | €10.5m | ▲ 25.1% |
| Companies linked by participating interests282/3 | - | - | - | - | - | €1.4m | €0 | ▼ 100% |
| Amounts receivable283 | - | - | - | - | - | €1.4m | €0 | ▼ 100% |
| Other financial fixed assets284/8 | - | - | - | €0.1m | €0.3m | €0.3m | €0.2m | ▼ 31.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.1m | €0.3m | €0.3m | €0.2m | ▼ 31.0% |
| Current assets29/58 | €0.05m | €0.1m | €2.1m | €4.8m | €10.2m | €18.8m | €29.0m | ▲ 54.4% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | €0 | €0.02m | - |
| Stocks30/36 | - | - | - | - | - | - | €0.02m | - |
| Goods purchased for resale34 | - | - | - | - | - | - | €0.02m | - |
| Amounts receivable within one year40/41 | €0.005m | €0.04m | €1.8m | €4.0m | €8.6m | €17.1m | €26.3m | ▲ 54.2% |
| Trade receivables40 | - | - | - | €3.8m | €6.8m | €9.7m | €5.5m | ▼ 43.4% |
| Other amounts receivable41 | - | - | - | €0.3m | €1.8m | €7.3m | €20.8m | ▲ 183% |
| Current investments50/53 | €0.02m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.05m | €0.3m | €0.4m | €0.8m | €0.7m | €0.8m | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.8m | €1.1m | €1.9m | ▲ 78.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.5m | €62.6m | €64.6m | €75.6m | €98.6m | €123.5m | €138.0m | ▲ 11.7% |
| Equity10/15 | -€1.1m | €62.0m | €62.1m | €65.1m | €77.1m | €91.1m | €86.2m | ▼ 5.5% |
| Contributions10/11 | €0.08m | €4.1m | €4.1m | €63.2m | €79.4m | €97.4m | €100.4m | ▲ 3.1% |
| Capital10 | - | - | - | €4.1m | €19.6m | €19.6m | €19.6m | = |
| Issued capital100 | - | - | - | €4.1m | €19.6m | €19.6m | €19.6m | = |
| Outside capital11 | - | - | - | €59.1m | €59.8m | €77.8m | €80.8m | ▲ 3.8% |
| Share premium1100/10 | - | - | - | €59.1m | €59.8m | €77.8m | €80.8m | ▲ 3.8% |
| Reserves13 | €0.003m | €0.003m | €0.003m | €1.9m | €1.9m | €1.9m | €0.1m | ▼ 94.8% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €1.8m | €1.8m | €1.8m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€1.2m | -€1.2m | -€1.1m | €0.01m | -€4.3m | -€8.2m | -€14.4m | ▼ 74.9% |
| Provisions and deferred taxes16 | - | - | €0.001m | €0.01m | €0.02m | €0.03m | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.01m | €0.02m | €0.03m | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | €0.01m | €0.02m | €0.03m | €0 | ▼ 100% |
| Amounts payable17/49 | €1.6m | €0.6m | €2.5m | €10.5m | €21.5m | €32.4m | €51.8m | ▲ 60.1% |
| Amounts payable after more than one year17 | €1.5m | - | - | €6.9m | €2.5m | €14.5m | €16.1m | ▲ 11.3% |
| Financial debts170/4 | - | - | - | €6.9m | €2.5m | €14.5m | €16.1m | ▲ 11.3% |
| Subordinated loans170 | - | - | - | €6.9m | €2.5m | €4.0m | €5.6m | ▲ 41.3% |
| Unsubordinated bonds171 | - | - | - | - | - | €10.5m | €10.5m | = |
| Amounts payable within one year42/48 | €0.1m | €0.6m | €2.5m | €3.4m | €18.8m | €17.7m | €35.5m | ▲ 101% |
| Trade debts44 | €0.002m | €0.1m | €0.6m | €0.6m | €3.4m | €1.6m | €7.5m | ▲ 376% |
| Suppliers440/4 | - | - | - | €0.6m | €3.4m | €1.6m | €7.5m | ▲ 376% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.3m | €1.4m | ▲ 299% |
| Taxes450/3 | - | - | - | €0.02m | €292 | €0.001m | €0.3m | ▲ 25,699% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.3m | €0.3m | €1.1m | ▲ 225% |
| Other amounts payable47/48 | - | - | - | €2.6m | €15.1m | €15.8m | €26.6m | ▲ 68.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.008m | €0.08m | €3.0m | -€4.3m | -€3.9m | -€8.0m | ▼ 102% |
| + Depreciation and write-downs630 | - | €0.01m | €0.03m | €0.03m | €0.05m | €0.06m | €0.06m | ▲ 8.5% |
| Operating cash flow (approximation) | -€0.2m | €0.02m | €0.1m | €3.1m | -€4.2m | -€3.9m | -€7.9m | ▼ 103% |
| Investment in fixed assets (approximation) | - | -€62.0m | -€0.08m | -€8.3m | -€17.7m | -€16.4m | -€4.3m | ▲ 73.7% |
| Change in cash | - | €0.02m | €0.2m | €0.1m | €0.3m | -€0.1m | €0.1m | ▲ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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