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Dissolution or liquidationFinancials · financial year 2024, full format
2024 annual accounts filed 24 days after the deadline Filed on 24 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00396166.
Annual accounts 2024 filed on 24-08-2025 PDF all 3 filings
Turnover
≈ €760,000
Estimated: probably between €460,000 and €1.3m
EBIT margin
Not included in this filing
Net result
€292,175
2023 · -€946,061
Working capital
-€1.3m▲ 9.5%
2023 · -€1.5m
Multi-year overview
2022 to 2024, 3 financial yearsOperating result
€292,613
2024
20222024
Net result
€292,175
2024
20222024
Equity
€1.9m
▲ 18.7%
2024
20222024
Total assets
€5.4m
▼ 3.2%
2024
20222024
Debt
€2.5m
▼ 15.8%
2024
20222024
Working capital
-€1.3m
▲ 9.5%
2024
20222024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202220232024
Operating result€0.2m--€0.5m€0.3m
Net result€0.008m--€0.9m€0.3m
Equity€2.0m-€1.6m▼ 21.8%€1.9m▲ 18.7%
Total assets€4.4m-€5.6m▲ 26.9%€5.4m▼ 3.2%
Debt€1.5m-€3.0m▲ 96.1%€2.5m▼ 15.8%
Working capital€0.4m--€1.5m-€1.3m▲ 9.5%
The operating result for 2024 is a profit of €292,613, after a loss of €515,462 in 2023. It is the highest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.4m
Fixed assets
€4.3m =
Current assets
€1.1m ▼ 13.5%
Equity and liabilities €5.4m
Equity
€1.9m ▲ 18.7%
Provisions
€1.1m =
Debt
€2.5m ▼ 15.8%
Debt's share of the balance-sheet total falls from 52.7% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€293,540▲
2023 · -€514,535
Cash flow
€293,102▲
2023 · -€945,134
Current ratio
0.46▼
2023 · 0.47
Debt to equity
1.35▼
2023 · 1.90
ROE
15.8%▲
2023 · -60.7%
ROA
5.4%▲
2023 · -16.8%
Interest coverage
over 100▲
2023 · -1.19
Debt ≤ 1 year
€2.4m▼
2023 · €2.8m
Income taxes
€307
Staff costs
€28,872▼
2023 · €40,594
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | €4,229 | - | - |
| Intangible fixed assets | €2.6m | €1.7m | - |
| Financial fixed assets | €178 | - | - |
| Depreciation and write-downs of the year | €1,928 | €927 | €927 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22,520 | €40,594 | €28,872 | ▼ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,928 | €927 | €927 | = |
| Other operating charges640/8 | €59 | €171,868 | - | - |
| Gross operating margin9900 | €190,497 | -€302,072 | €322,412 | - |
| Operating profit (loss)9901 | €165,990 | -€515,462 | €292,613 | - |
| Financial income75/76B | - | €50 | €3 | ▼ 94.2% |
| Recurring financial income75 | - | €50 | €3 | ▼ 94.2% |
| Financial charges65/66B | €156,331 | €430,650 | €135 | ▼ 100.0% |
| Recurring financial charges65 | €156,331 | €430,650 | €135 | ▼ 100.0% |
| Profit (loss) for the period before taxes9903 | €9,659 | -€946,061 | €292,482 | - |
| Income taxes67/77 | €2,022 | - | €307 | - |
| Profit (loss) for the period9904 | €7,637 | -€946,061 | €292,175 | - |
| Profit (loss) for the period to be appropriated9905 | €7,637 | -€946,061 | €292,175 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4.4m | €5.6m | €5.4m | ▼ 3.2% |
| Fixed assets21/28 | €2.6m | €4.3m | €4.3m | = |
| Intangible fixed assets21 | €2.6m | €4.3m | €4.3m | = |
| Tangible fixed assets22/27 | €0.002m | €0.001m | €447 | ▼ 67.5% |
| Furniture and vehicles24 | €0.002m | €0.001m | €447 | ▼ 67.5% |
| Financial fixed assets28 | €178 | €178 | €178 | = |
| Current assets29/58 | €1.8m | €1.3m | €1.1m | ▼ 13.5% |
| Amounts receivable within one year40/41 | €1.8m | €1.2m | €1.0m | ▼ 16.7% |
| Trade receivables40 | €0.03m | €0.3m | €0.3m | = |
| Other amounts receivable41 | €1.8m | €0.9m | €0.7m | ▼ 22.6% |
| Cash at bank and in hand54/58 | €0.007m | €0.001m | €0.03m | ▲ 35× |
| Deferred charges and accrued income490/1 | - | €0.09m | €0.09m | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4.4m | €5.6m | €5.4m | ▼ 3.2% |
| Equity10/15 | €2.0m | €1.6m | €1.9m | ▲ 18.7% |
| Profit (loss) carried forward14 | €0.008m | -€0.9m | -€0.6m | ▲ 31.1% |
| Investment grants15 | €2.0m | €2.5m | €2.5m | = |
| Provisions and deferred taxes16 | €0.9m | €1.1m | €1.1m | = |
| Deferred taxes168 | €0.9m | €1.1m | €1.1m | = |
| Amounts payable17/49 | €1.5m | €3.0m | €2.5m | ▼ 15.8% |
| Amounts payable within one year42/48 | €1.4m | €2.8m | €2.4m | ▼ 11.4% |
| Trade debts44 | €1.4m | €2.3m | €1.1m | ▼ 50.3% |
| Suppliers440/4 | €1.4m | €2.3m | €1.1m | ▼ 50.3% |
| Advances received on contracts in progress46 | €0.06m | €0.06m | €0.06m | = |
| Taxes, remuneration and social security45 | €0.01m | €0.02m | €0.003m | ▼ 82.2% |
| Taxes450/3 | €0.003m | €0.007m | €0.003m | ▼ 56.3% |
| Remuneration and social security454/9 | €0.008m | €0.01m | €350 | ▼ 97.2% |
| Other amounts payable47/48 | €0.006m | €0.4m | €1.3m | ▲ 207% |
| Accrued charges and deferred income492/3 | €0.07m | €0.2m | €0.05m | ▼ 76.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.008m | -€0.9m | €0.3m | - |
| + Depreciation and write-downs630 | €0.002m | €0.001m | €0.001m | = |
| Operating cash flow (approximation) | €0.01m | -€0.9m | €0.3m | - |
| Investment in fixed assets (approximation) | - | -€1.7m | €0 | - |
| Change in cash | - | -€0.006m | €0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.