NUSCIENCE GROUP
InactiveFinancials · financial year 2024, full format
Annual accounts 2024 filed on 20-06-2025 PDF all 24 filings
Turnover
€41,747▲ 45×
2023 · €925
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€9.4m▼ 152%
2023 · -€3.8m
Working capital
€3.0m
2023 · -€402,079
Multi-year overview
2018 to 2024, 6 financial yearsTurnover
€41,747
▲ 45×
2024
20182024
Operating result
€210,798
▼ 7.9%
2024
20182024
Net result
-€9.4m
▼ 152%
2024
20182024
Equity
€84.1m
▼ 10.1%
2024
20182024
Total assets
€85.5m
▼ 9.7%
2024
20182024
Debt
€1.4m
▲ 19.8%
2024
20182024
Working capital
€3.0m
2024
20182024
Staff (FTE)
12.2
▼ 21.3%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820202021202220232024
Turnover€0.001m€0.04m▲ 45×
Operating result€10.7m-€0.05m-€0.04m▼ 14.4%-€0.06m€0.2m€0.2m▼ 7.9%
Net result€16.8m-€0.002m-€13.9m▲ 8,043×€3.3m▼ 76.1%-€3.8m-€9.4m▼ 152%
Equity€104.7m-€93.3m-€94.0m▲ 0.7%€97.3m▲ 3.5%€93.5m▼ 3.9%€84.1m▼ 10.1%
Total assets€113.2m-€112.4m-€109.9m▼ 2.2%€99.1m▼ 9.8%€94.7m▼ 4.4%€85.5m▼ 9.7%
Debt€8.5m-€19.1m-€15.9m▼ 16.7%€1.9m▼ 88.3%€1.2m▼ 35.4%€1.4m▲ 19.8%
Working capital€5.6m-€0.6m-€1.5m▲ 127%-€0.6m-€0.4m▲ 33.4%€3.0m
Staff (FTE)25.3-24.4-22.6▼ 7.4%19▼ 15.9%15.5▼ 18.4%12.2▼ 21.3%
The operating result for 2024 is 8% lower than in 2023.
Large changes and their cause
- 2024 Net result -152% on 2023. Last accounts before the absorption by Nuscience Belgium (effective 01-01-2025).
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €85.5m
Fixed assets
€81.1m ▼ 13.6%
Current assets
€4.4m ▲ 453%
Equity and liabilities €85.5m
Equity
€84.1m ▼ 10.1%
Debt
€1.4m ▲ 19.8%
Debt's share of the balance-sheet total rises from 1.3% to 1.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€218,384▼
2023 · €229,906
Cash flow
-€9.4m▼
2023 · -€3.7m
Current ratio
3.06▲
2023 · 0.66
Debt to equity
0.02▲
2023 · 0.01
ROE
-11.2%▼
2023 · -4.0%
ROA
-11.0%▼
2023 · -4.0%
Interest coverage
44.50▲
2023 · 28.20
Debt ≤ 1 year
€1.4m▲
2023 · €1.2m
Income taxes
€158,540▼
2023 · €223,988
Customer credit
1431 days▼
2023 · 16112 days
Staff costs
€1.8m▼
2023 · €2.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 18 | 14 | 12 |
| full-time | 15 | 11 | 9 |
| part-time | 3 | 3 | 3 |
| in full-time equivalents | 17.4 | 13.4 | 11.4 |
| Average over the year, in full-time equivalents | 19 | 15.5 | 12.2 |
| On a permanent contract | 18 | 14 | 12 |
| Joined | 0 | 0 | 0 |
| Left | 4 | 4 | 2 |
| Training hours | 358 | - | - |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €9,582 | - | - |
| Financial fixed assets | - | €6.0m | - | - |
| Depreciation and write-downs of the year | €42,362 | €2,510 | €957 | €7,586 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
The auditor is EY Bedrijfsrevisoren BV.
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €2,000 | €2,120 | €3,000 | €2,380 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €6.1m | €5.0m | €4.7m | €3.6m | ▼ 24.2% |
| Turnover70 | - | - | - | - | €0.001m | €0.04m | ▲ 45× |
| Other operating income74 | - | - | €6.1m | €5.0m | €4.7m | €3.5m | ▼ 25.1% |
| Operating charges60/66A | - | - | €6.1m | €5.1m | €4.5m | €3.4m | ▼ 25.1% |
| Services and other goods61 | - | - | €2.9m | €2.5m | €2.4m | €1.6m | ▼ 35.1% |
| Remuneration, social security and pensions62 | - | - | €3.2m | €2.5m | €2.0m | €1.8m | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.3m | €0.04m | €0.003m | €0.001m | €0.008m | ▲ 692% |
| Other operating charges640/8 | - | - | €0.02m | €0.01m | €0.03m | €0.007m | ▼ 77.5% |
| Operating profit (loss)9901 | €10.7m | €0.05m | €0.04m | -€0.06m | €0.2m | €0.2m | ▼ 7.9% |
| Financial income75/76B | - | - | - | €4.4m | €0.2m | €3.3m | ▲ 16× |
| Recurring financial income75 | €8.1m | €16.5m | €15.0m | €4.4m | €0.002m | €3.3m | ▲ 1,408× |
| Income from financial fixed assets750 | - | - | €15.0m | €4.3m | €0.002m | €3.3m | ▲ 1,544× |
| Income from current assets751 | - | - | €0.004m | - | - | €0 | - |
| Other financial income752/9 | - | - | €0.01m | €0.06m | €220 | €0.02m | ▲ 92× |
| Non-recurring financial income76B | - | - | - | - | €0.2m | - | - |
| Financial charges65/66B | - | - | €0.05m | €1.0m | €4.0m | €12.8m | ▲ 223% |
| Recurring financial charges65 | €0.8m | €0.5m | €0.05m | €0.006m | €0.02m | €0.01m | ▼ 26.0% |
| Debt charges650 | €0.3m | €0.006m | €0.005m | €0.004m | €0.008m | €0.005m | ▼ 39.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €0.006m | - | - | €0 | - |
| Other financial charges652/9 | - | - | €0.03m | €0.003m | €0.008m | €0.007m | ▼ 11.6% |
| Non-recurring financial charges66B | - | - | - | €1.0m | €4.0m | €12.8m | ▲ 224% |
| Profit (loss) for the period before taxes9903 | €17.6m | €0.006m | €15.0m | €3.3m | -€3.5m | -€9.3m | ▼ 163% |
| Income taxes67/77 | €0.8m | €0.004m | €1.2m | €0.03m | €0.2m | €0.2m | ▼ 29.2% |
| Taxes670/3 | - | - | €1.2m | €0.03m | €0.2m | €0.2m | ▼ 29.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €16.8m | €0.002m | €13.9m | €3.3m | -€3.8m | -€9.4m | ▼ 152% |
| Profit (loss) for the period to be appropriated9905 | €16.8m | €0.002m | €13.9m | €3.3m | -€3.8m | -€9.4m | ▼ 152% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €113.2m | €112.4m | €109.9m | €99.1m | €94.7m | €85.5m | ▼ 9.7% |
| Fixed assets21/28 | €99.4m | €92.7m | €92.5m | €97.9m | €93.9m | €81.1m | ▼ 13.6% |
| Intangible fixed assets21 | €0.7m | €0.04m | €0.002m | - | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.002m | €134 | €0.01m | €0.009m | €0.001m | ▼ 88.8% |
| Land and buildings22 | - | - | - | - | €0 | - | - |
| Furniture and vehicles24 | - | - | €134 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.009m | €0.001m | ▼ 88.8% |
| Financial fixed assets28 | €98.7m | €92.6m | €92.5m | €97.9m | €93.9m | €81.1m | ▼ 13.6% |
| Affiliated companies280/1 | - | - | €92.5m | €97.9m | €93.9m | €81.1m | ▼ 13.6% |
| Participating interests280 | - | - | €92.0m | €97.9m | €93.9m | €81.1m | ▼ 13.6% |
| Amounts receivable281 | - | - | €0.5m | - | - | - | - |
| Other financial fixed assets284/8 | - | - | - | - | €0 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €0 | - | - |
| Current assets29/58 | €13.8m | €19.7m | €17.3m | €1.2m | €0.8m | €4.4m | ▲ 453% |
| Amounts receivable after more than one year29 | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Other amounts receivable291 | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Amounts receivable within one year40/41 | €13.2m | €1.4m | €5.4m | €0.5m | €0.5m | €4.2m | ▲ 725% |
| Trade receivables40 | - | - | €5.0m | €0.03m | €0.04m | €0.2m | ▲ 301% |
| Other amounts receivable41 | - | - | €0.4m | €0.5m | €0.5m | €4.0m | ▲ 762% |
| Cash at bank and in hand54/58 | €0.5m | €18.0m | €11.7m | €0.5m | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 19.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €113.2m | €112.4m | €109.9m | €99.1m | €94.7m | €85.5m | ▼ 9.7% |
| Equity10/15 | €104.7m | €93.3m | €94.0m | €97.3m | €93.5m | €84.1m | ▼ 10.1% |
| Contributions10/11 | €98.4m | €91.4m | €91.4m | €91.4m | €91.4m | €91.4m | = |
| Capital10 | - | - | €91.4m | €91.4m | €91.4m | €91.4m | = |
| Issued capital100 | - | - | €91.4m | €91.4m | €91.4m | €91.4m | = |
| Reserves13 | €1.0m | €1.9m | €2.6m | €2.8m | €2.8m | €2.8m | = |
| Non-distributable reserves130/1 | - | - | €2.6m | €2.8m | €2.8m | €2.8m | = |
| Legal reserve130 | - | - | €2.6m | €2.8m | €2.8m | €2.8m | = |
| Profit (loss) carried forward14 | €5.3m | €0.001m | €0.001m | €3.1m | -€0.6m | -€10.0m | ▼ 1,559% |
| Amounts payable17/49 | €8.5m | €19.1m | €15.9m | €1.9m | €1.2m | €1.4m | ▲ 19.8% |
| Amounts payable after more than one year17 | €0.3m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €8.2m | €19.1m | €15.9m | €1.9m | €1.2m | €1.4m | ▲ 19.8% |
| Financial debts43 | - | - | - | €0.5m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.5m | - | - | - |
| Trade debts44 | €1.1m | €0.5m | €1.6m | €0.6m | €0.6m | €0.9m | ▲ 60.9% |
| Suppliers440/4 | - | - | €1.6m | €0.6m | €0.6m | €0.9m | ▲ 60.9% |
| Taxes, remuneration and social security45 | - | - | €1.2m | €0.8m | €0.6m | €0.5m | ▼ 18.5% |
| Taxes450/3 | - | - | €0.2m | €0.03m | €0.02m | €0.2m | ▲ 929% |
| Remuneration and social security454/9 | - | - | €0.9m | €0.7m | €0.6m | €0.3m | ▼ 46.3% |
| Other amounts payable47/48 | - | - | €13.2m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €300 | €300 | €225 | €225 | = |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16.8m | €0.002m | €13.9m | €3.3m | -€3.8m | -€9.4m | ▼ 152% |
| + Depreciation and write-downs630 | €0.5m | €0.3m | €0.04m | €0.003m | €0.001m | €0.008m | ▲ 692% |
| Operating cash flow (approximation) | €17.3m | €0.3m | €13.9m | €3.3m | -€3.7m | -€9.4m | ▼ 152% |
| Investment in fixed assets (approximation) | - | - | €0.08m | -€5.4m | €4.0m | €12.8m | ▲ 224% |
| Change in cash | - | - | -€6.3m | -€11.2m | -€0.5m | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 20-06-2025 | 2025-00166843 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00316483 | |
| 31-12-2022 | full format | 01-08-2023 | 2023-00309285 | |
| 31-12-2021 | full format | 28-07-2022 | 2022-20260109 | |
| 31-12-2020 | full format | 11-08-2021 | 2021-49000476 | |
| 31-12-2019 | full format | 20-08-2020 | 2020-43000145 | |
| 31-12-2018 | full format | 31-07-2019 | 2019-44100113 | |
| 31-12-2017 | full format | 28-06-2018 | 2018-25000479 | |
| 31-12-2016 | full format | 27-06-2017 | 2017-23900369 | |
| 31-12-2015 | full format | 30-06-2016 | 2016-24900414 |