Labrints
Open bankruptcyFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 20-05-2025 PDF all 6 filings
Turnover
€25,500
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€325,758▼ 141%
2023 · -€135,300
Working capital
-€100,926▲ 38.6%
2023 · -€164,243
Multi-year overview
2019 to 2024, 6 financial yearsTurnover
€25,500
2024
20192024
Operating result
-€365,809
▼ 108%
2024
20192024
Net result
-€325,758
▼ 141%
2024
lowest quarter of the sector
20192024
Equity
-€610,880
▼ 149%
2024
lowest quarter of the sector
20192024
Total assets
€1.4m
▲ 8.2%
2024
middle half of the sector
20192024
Debt
€2.0m
▲ 31.2%
2024
20192024
Working capital
-€100,926
▲ 38.6%
2024
lowest quarter of the sector
20192024
Solvency
-44.9%
▼ 25.4pp
2024
lowest quarter of the sector
20192024
Current ratio
0.46
▲ 0.21
2024
lowest quarter of the sector
20192024
Return on assets (ROA)
-24.0%
▼ 13.2pp
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€0.03m
Operating result-€0.1m--€0.1m▲ 13.1%-€0.01m▲ 87.7%-€0.07m▼ 461%-€0.2m▼ 140%-€0.4m▼ 108%
Net result-€0.1m--€0.1mbelow the sector's middle half▲ 13.2%-€0.006mbelow the sector's middle half▲ 94.2%-€0.07mbelow the sector's middle half▼ 1,094%-€0.1mbelow the sector's middle half▼ 85.0%-€0.3mbelow the sector's middle half▼ 141%
Equity€0.001m--€0.001mbelow the sector's middle half€0.004mbelow the sector's middle half-€0.07mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 252%-€0.6mbelow the sector's middle half▼ 149%
Total assets€0.3m-€0.3mbelow the sector's middle half▼ 4.0%€0.6mwithin the sector's middle half▲ 101%€0.7mwithin the sector's middle half▲ 17.0%€1.3mwithin the sector's middle half▲ 82.8%€1.4mwithin the sector's middle half▲ 8.2%
Debt€0.3m-€0.3m▼ 3.4%€0.6m▲ 99.1%€0.8m▲ 29.6%€1.5m▲ 98.3%€2.0m▲ 31.2%
Working capital€0.06m-€0.02mwithin the sector's middle half▼ 64.0%€0.07mwithin the sector's middle half▲ 231%-€0.003mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 4,672%-€0.1mbelow the sector's middle half▲ 38.6%
Solvency0.2%--0.4%below the sector's middle half▼ 0.6pp0.6%below the sector's middle half▲ 1.0pp-10.1%below the sector's middle half▼ 10.7pp-19.5%below the sector's middle half▼ 9.4pp-44.9%below the sector's middle half▼ 25.4pp
Current ratio1.80-1.34within the sector's middle half▼ 0.462.33within the sector's middle half▲ 0.990.85below the sector's middle half▼ 1.480.24below the sector's middle half▼ 0.600.46below the sector's middle half▲ 0.21
Return on assets (ROA)-40.0%--36.2%below the sector's middle half▲ 3.8pp-1.0%below the sector's middle half▲ 35.2pp-10.6%below the sector's middle half▼ 9.6pp-10.8%below the sector's middle half▼ 0.1pp-24.0%below the sector's middle half▼ 13.2pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 €365,809, larger than the loss of €175,465 in 2023. It is the lowest result since 2020.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.3m ▲ 5.9%
Current assets
€84,940 ▲ 61.1%
Equity and liabilities
Equity-€610,880
Debt€2.0m
Equity is negative. Debt (€2.0m) exceeds the balance-sheet total (€1.4m).
Key figures and ratios
EBITDA
-€99,506▼
2023 · -€46,224
Cash flow
-€59,455▼
2023 · -€6,059
Interest coverage
-1329.41▼
2023 · -669.91
Debt ≤ 1 year
€185,866▼
2023 · €216,952
Debt > 1 year
€1.8m▲
2023 · €1.3m
Customer credit
429 days
Supplier credit
504 days▼
2023 · 1734 days
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €269,418 | €204,601 | - | - |
| Intangible fixed assets | - | - | €1.3m | €337,102 |
| Depreciation and write-downs of the year | €10,580 | €8,464 | €129,241 | €266,303 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | -€4,500 | €0 |
| 2022 | 1 | €4,500 | €0 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €25,500 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1,957 | €63,155 | €45,665 | €124,286 | ▲ 172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,841 | €8,464 | €10,580 | €8,464 | €129,241 | €266,303 | ▲ 106% |
| Other operating charges640/8 | - | - | €489 | €1,436 | €558 | €720 | ▲ 29.0% |
| Gross operating margin9900 | -€114,690 | -€97,175 | -€1,957 | -€63,155 | -€45,665 | -€98,786 | ▼ 116% |
| Operating profit (loss)9901 | -€121,694 | -€105,779 | -€13,025 | -€73,055 | -€175,465 | -€365,809 | ▼ 108% |
| Financial income75/76B | - | - | €7,000 | - | €40,234 | €40,126 | ▼ 0.3% |
| Recurring financial income75 | - | - | €7,000 | - | €40,234 | €40,126 | ▼ 0.3% |
| Financial charges65/66B | - | - | €99 | €69 | €69 | €75 | ▲ 8.5% |
| Recurring financial charges65 | €246 | €71 | €99 | €69 | €69 | €75 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | -€121,940 | -€105,850 | -€6,124 | -€73,124 | -€135,300 | -€325,758 | ▼ 141% |
| Profit (loss) for the period9904 | -€121,940 | -€105,850 | -€6,124 | -€73,124 | -€135,300 | -€325,758 | ▼ 141% |
| Profit (loss) for the period to be appropriated9905 | -€121,940 | -€105,850 | -€6,124 | -€73,124 | -€135,300 | -€325,758 | ▼ 141% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.3m | €0.3m | €0.6m | €0.7m | €1.3m | €1.4m | ▲ 8.2% |
| Formation expenses20 | €0.02m | €0.01m | €0.007m | €0.004m | €0 | - | - |
| Fixed assets21/28 | €0.2m | €0.2m | €0.5m | €0.7m | €1.2m | €1.3m | ▲ 5.9% |
| Intangible fixed assets21 | €0.02m | €0.02m | €0.01m | €0.006m | €1.2m | €1.3m | ▲ 5.9% |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.5m | €0.7m | €0 | - | - |
| Assets under construction and advance payments27 | - | - | €0.5m | €0.7m | €0 | - | - |
| Current assets29/58 | €0.1m | €0.08m | €0.1m | €0.02m | €0.05m | €0.08m | ▲ 61.1% |
| Amounts receivable within one year40/41 | €0.004m | €0.01m | - | €0.005m | €0.01m | €0.03m | ▲ 193% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.01m | €0.03m | ▲ 193% |
| Cash at bank and in hand54/58 | €0.1m | €0.07m | €0.1m | €0.01m | €0.04m | €0.05m | ▲ 22.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.003m | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.6m | €0.7m | €1.3m | €1.4m | ▲ 8.2% |
| Equity10/15 | €0.001m | -€0.001m | €0.004m | -€0.07m | -€0.2m | -€0.6m | ▼ 149% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.2m | -€0.3m | -€0.4m | -€0.8m | ▼ 73.6% |
| Investment grants15 | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 22.4% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.6m | €0.8m | €1.5m | €2.0m | ▲ 31.2% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.5m | €0.7m | €1.3m | €1.8m | ▲ 38.9% |
| Financial debts170/4 | - | - | €0.5m | €0.7m | €1.3m | €1.8m | ▲ 38.9% |
| Amounts payable within one year42/48 | €0.07m | €0.06m | €0.05m | €0.02m | €0.2m | €0.2m | ▼ 14.3% |
| Trade debts44 | €0.07m | €0.06m | €0.04m | €0.02m | €0.2m | €0.2m | ▼ 21.0% |
| Suppliers440/4 | - | - | €0.04m | €0.02m | €0.2m | €0.2m | ▼ 21.0% |
| Taxes, remuneration and social security45 | - | - | €0.009m | - | - | €0.01m | - |
| Taxes450/3 | - | - | €0.009m | - | - | €0.01m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€121,940 | -€105,850 | -€6,124 | -€73,124 | -€135,300 | -€325,758 | ▼ 141% |
| + Depreciation and write-downs630 | €6,841 | €8,464 | €10,580 | €8,464 | €129,241 | €266,303 | ▲ 106% |
| Operating cash flow (approximation) | -€115,099 | -€97,386 | €4,455 | -€64,660 | -€6,059 | -€59,455 | ▼ 881% |
| Investment in fixed assets (approximation) | - | -€45,538 | -€273,913 | -€208,197 | -€668,212 | -€337,102 | ▲ 49.6% |
| Change in cash | - | -€55,677 | €50,182 | -€101,446 | €28,574 | €9,652 | ▼ 66.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 20-05-2025 | 2025-00098600 | |
| 31-12-2023 | abbreviated format | 28-05-2024 | 2024-00097727 | |
| 31-12-2022 | abbreviated format | 31-05-2023 | 2023-00099522 | |
| 31-12-2021 | abbreviated format | 23-05-2022 | 2022-20032034 | |
| 31-12-2020 | abbreviated format | 28-05-2021 | 2021-16000224 | |
| 31-12-2019 | abbreviated format | 30-05-2020 | 2020-13900428 |