MULTIFORM
Dissolved and wound up on 30-03-2026Financials · financial year 2024, micro format
Annual accounts 2024 filed on 02-06-2025 at the NBB all 2 filings
Turnover
≈ €160,000
Estimated: probably between €75,000 and €390,000
Total assets
€40,738▼ 13.6%
2023 · €47,158
Net result
€5,966▼ 27.7%
2023 · €8,251
Working capital
€6,846
2023 · -€1,460
Multi-year overview
2023 to 2024, 2 financial yearsOperating result
€9,883
▼ 6.7%
2024
20232024
Net result
€5,966
▼ 27.7%
2024
20232024
Equity
€26,574
▲ 29.0%
2024
20232024
Total assets
€40,738
▼ 13.6%
2024
20232024
Debt
€14,164
▼ 46.7%
2024
20232024
Working capital
€6,846
2024
20232024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result€10,598-€9,883▼ 6.7%
Net result€8,251-€5,966▼ 27.7%
Equity€20,607-€26,574▲ 29.0%
Total assets€47,158-€40,738▼ 13.6%
Debt€26,551-€14,164▼ 46.7%
Working capital-€1,460-€6,846
The operating result for 2024 is 7% lower than in 2023.
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
2024 in colour, 2023 as the grey bar beneath
Assets €40,738
Fixed assets
€19,727 ▼ 31.7%
Current assets
€21,010 ▲ 15.0%
Equity and liabilities €40,738
Equity
€26,574 ▲ 29.0%
Debt
€14,164 ▼ 46.7%
Debt's share of the balance-sheet total falls from 56.3% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,218▼
2023 · €20,496
Cash flow
€16,301▼
2023 · €18,149
Current ratio
1.48▲
2023 · 0.93
Quick ratio
1.39▲
2023 · 0.86
Debt to equity
0.53▼
2023 · 1.29
ROE
22.5%▼
2023 · 40.0%
ROA
14.6%▼
2023 · 17.5%
Interest coverage
38.45▲
2023 · 19.64
Debt ≤ 1 year
€14,164▼
2023 · €19,738
Debt > 1 year
€0▼
2023 · €6,813
Income taxes
€3,423▲
2023 · €1,305
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €2,303 | €1,182 |
| Depreciation and write-downs of the year | €9,898 | €10,335 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,898 | €10,335 | ▲ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,272 | €0 | ▼ 100% |
| Other operating charges640/8 | €944 | €1,203 | ▲ 27.4% |
| Gross operating margin9900 | €22,713 | €21,421 | ▼ 5.7% |
| Operating profit (loss)9901 | €10,598 | €9,883 | ▼ 6.7% |
| Financial income75/76B | €1 | €32 | ▲ 32× |
| Recurring financial income75 | €1 | €32 | ▲ 32× |
| Financial charges65/66B | €1,043 | €526 | ▼ 49.6% |
| Recurring financial charges65 | €1,043 | €526 | ▼ 49.6% |
| Profit (loss) for the period before taxes9903 | €9,556 | €9,390 | ▼ 1.7% |
| Income taxes67/77 | €1,305 | €3,423 | ▲ 162% |
| Profit (loss) for the period9904 | €8,251 | €5,966 | ▼ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €8,251 | €5,966 | ▼ 27.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €47,158 | €40,738 | ▼ 13.6% |
| Fixed assets21/28 | €28,880 | €19,727 | ▼ 31.7% |
| Tangible fixed assets22/27 | €28,880 | €19,727 | ▼ 31.7% |
| Plant, machinery and equipment23 | €2,308 | €2,022 | ▼ 12.4% |
| Furniture and vehicles24 | €26,572 | €17,705 | ▼ 33.4% |
| Current assets29/58 | €18,278 | €21,010 | ▲ 15.0% |
| Stocks and contracts in progress3 | €1,278 | €1,278 | = |
| Stocks30/36 | €1,278 | €1,278 | = |
| Amounts receivable within one year40/41 | €7,781 | €2,103 | ▼ 73.0% |
| Trade receivables40 | €5,542 | €1,485 | ▼ 73.2% |
| Other amounts receivable41 | €2,239 | €618 | ▼ 72.4% |
| Current investments50/53 | €1,500 | €4,502 | ▲ 200% |
| Cash at bank and in hand54/58 | €6,138 | €12,068 | ▲ 96.6% |
| Deferred charges and accrued income490/1 | €1,581 | €1,059 | ▼ 33.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €47,158 | €40,738 | ▼ 13.6% |
| Equity10/15 | €20,607 | €26,574 | ▲ 29.0% |
| Contributions10/11 | €10,413 | €10,413 | = |
| Reserves13 | €10,136 | €16,102 | ▲ 58.9% |
| Non-distributable reserves130/1 | €0 | - | - |
| Reserves not available under the articles1311 | €0 | - | - |
| Distributable reserves133 | €10,136 | €16,102 | ▲ 58.9% |
| Profit (loss) carried forward14 | €58 | €58 | ▲ 0.5% |
| Amounts payable17/49 | €26,551 | €14,164 | ▼ 46.7% |
| Amounts payable after more than one year17 | €6,813 | €0 | ▼ 100% |
| Financial debts170/4 | €6,813 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €19,738 | €14,164 | ▼ 28.2% |
| Current portion of amounts payable after more than one year42 | €8,073 | €6,813 | ▼ 15.6% |
| Trade debts44 | €5,883 | €3,478 | ▼ 40.9% |
| Suppliers440/4 | €5,883 | €3,478 | ▼ 40.9% |
| Taxes, remuneration and social security45 | €728 | €998 | ▲ 37.2% |
| Taxes450/3 | €728 | €998 | ▲ 37.2% |
| Other amounts payable47/48 | €5,054 | €2,875 | ▼ 43.1% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,251 | €5,966 | ▼ 27.7% |
| + Depreciation and write-downs630 | €9,898 | €10,335 | ▲ 4.4% |
| Operating cash flow (approximation) | €18,149 | €16,301 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | -€1,182 | - |
| Change in cash | - | €5,931 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.