O25
Open bankruptcyFinancials · financial year 2024, micro format
Equity
-€185,868▼ 27.3%
2023 · -€146,030
Total assets
€38,729▼ 45.1%
2023 · €70,525
Net result
-€39,838▲ 45.6%
2023 · -€73,183
Working capital
-€115,867▼ 21.9%
2023 · -€95,064
Trend over the years
2020 to 2024, 5 financial years
The operating result stays negative: a loss of €39,600 in 2024 against €55,754 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€39,600
2024
Net result-€39,838
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€38,729
2024
Equity-€185,868
2024
Debt€224,597
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€115,867
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-102.9%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-479.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.14
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20202021202220232024
Operating result-€82,629--€57,857▲ 30.0%-€106,170▼ 83.5%-€55,754▲ 47.5%-€39,600▲ 29.0%
Net result-€82,677below the sector's middle half--€58,003below the sector's middle half▲ 29.8%-€106,717below the sector's middle half▼ 84.0%-€73,183below the sector's middle half▲ 31.4%-€39,838below the sector's middle half▲ 45.6%
Equity€37,323within the sector's middle half-€159,320above the sector's middle half▲ 327%€82,676within the sector's middle half▼ 48.1%-€146,030below the sector's middle half-€185,868below the sector's middle half▼ 27.3%
Total assets€38,088below the sector's middle half-€177,491within the sector's middle half▲ 366%€251,014within the sector's middle half▲ 41.4%€70,525within the sector's middle half▼ 71.9%€38,729below the sector's middle half▼ 45.1%
Debt€765-€18,171▲ 2,276%€168,338▲ 826%€216,555▲ 28.6%€224,597▲ 3.7%
Working capital€34,088within the sector's middle half-€158,266above the sector's middle half▲ 364%-€71,660below the sector's middle half-€95,064below the sector's middle half▼ 32.7%-€115,867below the sector's middle half▼ 21.9%
Solvency98.0%above the sector's middle half-89.8%above the sector's middle half▼ 8.2pp32.9%within the sector's middle half▼ 56.8pp-207.1%below the sector's middle half▼ 240.0pp-479.9%below the sector's middle half▼ 272.9pp
Current ratio45.57above the sector's middle half-13.02above the sector's middle half▼ 32.560.28below the sector's middle half▼ 12.740.30below the sector's middle half▲ 0.020.14below the sector's middle half▼ 0.16
Return on assets (ROA)-217.1%below the sector's middle half--32.7%below the sector's middle half▲ 184.4pp-42.5%below the sector's middle half▼ 9.8pp-103.8%below the sector's middle half▼ 61.3pp-102.9%below the sector's middle half▲ 0.9pp
Staff (FTE)0.3below the sector's middle half-0.1▼ 66.7%0.4▲ 300%0▼ 100%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,729
Fixed assets
€19,362 ▼ 35.5%
Current assets
€19,367 ▼ 52.2%
Equity and liabilities
Equity-€185,868
Debt€224,597
Equity is negative: debt (€224,597) exceeds the balance-sheet total (€38,729).
Key figures and ratios
EBITDA
-€28,965▲
2023 · -€45,119
Cash flow
-€29,202▲
2023 · -€62,548
Quick ratio
0.02▼
2023 · 0.04
Interest coverage
-107.33▼
2023 · -2.59
Debt ≤ 1 year
€135,234▼
2023 · €135,592
Debt > 1 year
€89,363▲
2023 · €80,963
Staff costs
€110▲
2023 · €81
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,529 | €21,238 | €81 | €110 | ▲ 35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469 | €777 | €11,841 | €10,636 | €10,636 | = |
| Other operating charges640/8 | - | €348 | €348 | €462 | €387 | ▼ 16.2% |
| Gross operating margin9900 | -€68,043 | -€50,204 | -€72,743 | -€44,575 | -€28,467 | ▲ 36.1% |
| Operating profit (loss)9901 | -€82,629 | -€57,857 | -€106,170 | -€55,754 | -€39,600 | ▲ 29.0% |
| Financial income75/76B | - | - | €0 | €11 | €32 | ▲ 200% |
| Recurring financial income75 | - | - | €0 | €11 | €32 | ▲ 200% |
| Financial charges65/66B | - | €146 | €548 | €17,439 | €270 | ▼ 98.5% |
| Recurring financial charges65 | €48 | €146 | €548 | €17,439 | €270 | ▼ 98.5% |
| Profit (loss) for the period before taxes9903 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| Profit (loss) for the period9904 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| Profit (loss) for the period to be appropriated9905 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,088 | €177,491 | €251,014 | €70,525 | €38,729 | ▼ 45.1% |
| Fixed assets21/28 | €3,235 | €6,054 | €223,066 | €29,997 | €19,362 | ▼ 35.5% |
| Intangible fixed assets21 | - | - | €212,540 | €22,674 | €15,242 | ▼ 32.8% |
| Tangible fixed assets22/27 | €3,235 | €6,054 | €10,526 | €7,323 | €4,120 | ▼ 43.7% |
| Plant, machinery and equipment23 | - | €5,259 | €4,562 | €3,864 | €3,166 | ▼ 18.1% |
| Furniture and vehicles24 | - | €795 | €5,965 | €3,459 | €954 | ▼ 72.4% |
| Current assets29/58 | €34,853 | €171,437 | €27,948 | €40,527 | €19,367 | ▼ 52.2% |
| Stocks and contracts in progress3 | - | - | - | €34,581 | €17,291 | ▼ 50.0% |
| Stocks30/36 | - | - | - | €34,581 | €17,291 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €10,027 | €10,008 | €27,598 | €5,384 | €1,216 | ▼ 77.4% |
| Trade receivables40 | - | €4,694 | €1,947 | €3,325 | €421 | ▼ 87.3% |
| Other amounts receivable41 | - | €5,314 | €25,651 | €2,059 | €795 | ▼ 61.4% |
| Cash at bank and in hand54/58 | €24,681 | €160,532 | €0 | €284 | €321 | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | €897 | €350 | €279 | €540 | ▲ 93.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,088 | €177,491 | €251,014 | €70,525 | €38,729 | ▼ 45.1% |
| Equity10/15 | €37,323 | €159,320 | €82,676 | -€146,030 | -€185,868 | ▼ 27.3% |
| Contributions10/11 | - | €300,000 | €305,000 | €305,000 | €305,000 | = |
| Profit (loss) carried forward14 | -€82,677 | -€140,680 | -€222,324 | -€451,030 | -€490,868 | ▼ 8.8% |
| Amounts payable17/49 | €765 | €18,171 | €168,338 | €216,555 | €224,597 | ▲ 3.7% |
| Amounts payable after more than one year17 | - | €5,000 | €68,729 | €80,963 | €89,363 | ▲ 10.4% |
| Financial debts170/4 | - | - | €68,729 | €80,963 | €89,363 | ▲ 10.4% |
| Other amounts payable178/9 | - | €5,000 | - | - | - | - |
| Amounts payable within one year42/48 | €765 | €13,171 | €99,608 | €135,592 | €135,234 | ▼ 0.3% |
| Financial debts43 | - | - | €93,860 | €132,363 | €132,363 | = |
| Credit institutions430/8 | - | - | €93,860 | €132,363 | €132,363 | = |
| Trade debts44 | €267 | €10,126 | €2,942 | €2,272 | €578 | ▼ 74.6% |
| Suppliers440/4 | - | €10,126 | €2,942 | €2,272 | €578 | ▼ 74.6% |
| Taxes, remuneration and social security45 | - | €2,946 | €0 | €0 | - | - |
| Taxes450/3 | - | €649 | €0 | €0 | - | - |
| Remuneration and social security454/9 | - | €2,296 | - | - | - | - |
| Other amounts payable47/48 | - | €100 | €2,807 | €957 | €2,293 | ▲ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| + Depreciation and write-downs630 | €469 | €777 | €11,841 | €10,636 | €10,636 | = |
| Operating cash flow (approximation) | -€82,208 | -€57,226 | -€94,876 | -€62,548 | -€29,202 | ▲ 53.3% |
| Investment in fixed assets (approximation) | - | -€3,596 | -€228,853 | €182,433 | €0 | ▼ 100% |
| Change in cash | - | €135,851 | -€160,532 | €284 | €37 | ▼ 87.0% |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 2,499 companies in this sector, figures are known for 1,768. See the whole sector
Public contracts: not fully processed yet. The notices from August 2017 to September 2026 are still being read.