OBJECT
ActiveSummary
The computed 12-month bankruptcy probability of OBJECT is 1.7% (moderate). The 2024 annual accounts show equity of €10.7m and a net result of -€8,273. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 3561 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, full schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result falls in 2024; 2024 is 97% below 2023.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2021 Net result +327% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.2m | €9.6m | €11.6m | €8.7m | ▼ 24.8% |
| Turnover70 | - | - | - | €0.7m | €8.8m | €7.7m | €7.2m | ▼ 6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | - | - | €1.0m | - |
| Own construction capitalised72 | - | - | - | - | - | - | €0.1m | - |
| Other operating income74 | - | - | - | €0.002m | €0.1m | €0.1m | €0.08m | ▼ 46.6% |
| Non-recurring operating income76A | - | - | - | €1.5m | €0.6m | €3.7m | €0.4m | ▼ 89.9% |
| Operating charges60/66A | - | - | - | €1.1m | €9.6m | €8.9m | €8.7m | ▼ 3.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.7m | €5.4m | €3.9m | €3.5m | ▼ 10.9% |
| Purchases600/8 | - | - | - | €0.4m | €4.8m | €4.0m | €3.1m | ▼ 23.0% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.3m | €0.7m | -€0.05m | €0.4m | ▲ 888% |
| Services and other goods61 | - | - | - | €0.2m | €2.6m | €2.7m | €2.4m | ▼ 10.4% |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €1.0m | €1.3m | €2.0m | ▲ 53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.03m | €0.1m | €0.1m | €0.6m | €0.6m | €0.6m | ▲ 14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.2m | €0.02m | €0.008m | ▼ 66.4% |
| Other operating charges640/8 | - | €0.001m | - | - | €0.07m | €0.1m | €0.07m | ▼ 41.0% |
| Non-recurring operating charges66A | - | - | - | €0.03m | - | €0.3m | - | - |
| Gross operating margin9900 | -€0.01m | €0.02m | €0.5m | - | - | - | - | - |
| Operating profit (loss)9901 | -€0.06m | -€0.01m | €0.3m | €1.1m | -€0.003m | €2.7m | €0.07m | ▼ 97.3% |
| Financial income75/76B | - | €0.003m | - | €0.02m | €0.2m | €0.1m | €0.1m | ▲ 13.6% |
| Recurring financial income75 | €207 | €0.003m | - | €0.02m | €0.2m | €0.1m | €0.1m | ▲ 13.6% |
| Income from financial fixed assets750 | - | - | - | - | €0.002m | - | €0.001m | - |
| Income from current assets751 | - | - | - | - | €451 | €0.002m | - | - |
| Other financial income752/9 | - | - | - | €0.02m | €0.2m | €0.1m | €0.1m | ▲ 15.5% |
| Financial charges65/66B | - | €0.05m | - | €0.09m | €0.2m | €0.3m | €0.2m | ▼ 31.1% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.09m | €0.09m | €0.2m | €0.2m | €0.2m | ▼ 2.1% |
| Debt charges650 | - | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 20.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.03m | - | - | - |
| Other financial charges652/9 | - | - | - | €0.09m | €0.02m | €0.06m | €0.03m | ▼ 55.8% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.08m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.06m | €0.3m | €1.0m | €0.01m | €2.5m | €0.001m | ▼ 100.0% |
| Transfer from deferred taxes780 | - | €0.02m | - | €0.03m | €0.06m | €0.1m | - | - |
| Transfer to deferred taxes680 | - | - | - | €0.2m | - | €0.7m | - | - |
| Income taxes67/77 | - | - | - | €43 | €0.05m | €0.008m | €0.009m | ▲ 20.4% |
| Taxes670/3 | - | - | - | €43 | €0.05m | €0.008m | €0.009m | ▲ 20.4% |
| Profit (loss) for the period9904 | -€0.1m | -€0.04m | €0.2m | €0.8m | €0.02m | €1.9m | -€0.008m | ▼ 100% |
| Transfer from tax-exempt reserves789 | - | €0.05m | - | €0.1m | €0.2m | €0.3m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.7m | - | €2.2m | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €0.01m | -€0.01m | €0.2m | €0.2m | -€0.06m | -€0.008m | ▲ 86.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.8m | €7.3m | €7.3m | €18.6m | €17.5m | €19.7m | €19.7m | ▲ 0.3% |
| Fixed assets21/28 | - | €4.8m | €4.6m | €8.7m | €8.5m | €8.3m | €8.7m | ▲ 4.6% |
| Intangible fixed assets21 | - | - | - | €0.07m | €0.06m | €0.03m | €0.03m | ▼ 6.3% |
| Tangible fixed assets22/27 | - | €4.8m | €4.6m | €8.6m | €8.4m | €8.2m | €8.6m | ▲ 4.7% |
| Land and buildings22 | - | €4.8m | - | €8.0m | €7.8m | €7.5m | €8.0m | ▲ 7.2% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 35.8% |
| Furniture and vehicles24 | - | - | - | €0.6m | €0.6m | €0.8m | €0.6m | ▼ 18.9% |
| Financial fixed assets28 | - | - | - | €0.01m | €0.04m | €0.04m | €0.04m | = |
| Other financial fixed assets284/8 | - | - | - | €0.01m | €0.04m | €0.04m | €0.04m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.01m | €0.04m | €0.04m | €0.04m | = |
| Current assets29/58 | €2.8m | €2.6m | €2.7m | €10.0m | €9.0m | €11.3m | €11.0m | ▼ 2.8% |
| Stocks and contracts in progress3 | - | - | - | €2.6m | €1.9m | €2.0m | €2.5m | ▲ 26.9% |
| Stocks30/36 | - | - | - | €2.6m | €1.9m | €2.0m | €1.5m | ▼ 22.1% |
| Goods purchased for resale34 | - | - | - | €2.6m | €1.9m | €2.0m | €1.5m | ▼ 22.1% |
| Contracts in progress37 | - | - | - | - | - | - | €1.0m | - |
| Amounts receivable within one year40/41 | €2.8m | €2.5m | €2.7m | €6.2m | €6.3m | €8.6m | €8.2m | ▼ 4.9% |
| Trade receivables40 | - | - | - | €0.8m | €0.6m | €0.8m | €0.6m | ▼ 33.2% |
| Other amounts receivable41 | - | €2.5m | - | €5.4m | €5.7m | €7.8m | €7.6m | ▼ 1.9% |
| Cash at bank and in hand54/58 | €0.003m | €0.02m | - | €1.1m | €0.2m | €0.3m | €0.2m | ▼ 37.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.6m | €0.5m | €0.2m | ▼ 63.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.8m | €7.3m | €7.3m | €18.6m | €17.5m | €19.7m | €19.7m | ▲ 0.3% |
| Equity10/15 | €0.8m | €2.0m | €2.2m | €8.8m | €8.8m | €10.7m | €10.7m | ▼ 0.1% |
| Contributions10/11 | €0.02m | €0.3m | - | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Capital10 | - | €0.3m | - | - | - | - | - | - |
| Issued capital100 | - | €0.3m | - | - | - | - | - | - |
| Revaluation surpluses12 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.3m | €1.7m | €1.9m | €3.7m | €3.6m | €5.5m | €5.5m | = |
| Legal reserve130 | - | €0.03m | - | - | - | - | - | - |
| Tax-exempt reserves132 | - | €1.6m | - | €2.8m | €2.6m | €4.5m | €4.5m | = |
| Distributable reserves133 | - | €0.08m | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.2m | -€0.2m | €1.1m | €1.3m | €1.2m | €1.2m | ▼ 0.7% |
| Provisions and deferred taxes16 | €0.6m | €0.7m | €0.7m | €1.1m | €1.0m | €1.6m | €1.6m | = |
| Deferred taxes168 | - | €0.7m | - | €1.1m | €1.0m | €1.6m | €1.6m | = |
| Amounts payable17/49 | €1.4m | €4.7m | €4.4m | €8.8m | €7.7m | €7.3m | €7.4m | ▲ 1.0% |
| Amounts payable after more than one year17 | €1.0m | €3.3m | €3.2m | €4.6m | €4.0m | €4.2m | €4.1m | ▼ 2.4% |
| Financial debts170/4 | - | €3.3m | - | €4.6m | €4.0m | €4.2m | €4.1m | ▼ 2.4% |
| Credit institutions173 | - | - | - | €4.6m | €4.0m | €4.2m | €4.1m | ▼ 2.4% |
| Other amounts payable178/9 | - | €0.002m | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Amounts payable within one year42/48 | €0.4m | €1.4m | €1.1m | €4.2m | €3.6m | €3.1m | €3.3m | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | - | €0.4m | - | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 2.0% |
| Financial debts43 | - | €0.3m | - | €0.2m | €0.4m | - | - | - |
| Credit institutions430/8 | - | €0.3m | - | €0.2m | €0.4m | - | - | - |
| Trade debts44 | €0.2m | €0.3m | €0.1m | €1.9m | €1.6m | €1.8m | €1.8m | ▲ 0.6% |
| Suppliers440/4 | - | €0.3m | - | €1.9m | €1.6m | €1.8m | €1.8m | ▲ 0.6% |
| Advances received on contracts in progress46 | - | - | - | €0.01m | €254 | €254 | - | - |
| Taxes, remuneration and social security45 | - | €0.007m | - | €0.5m | €0.3m | €0.2m | €0.2m | ▲ 31.5% |
| Taxes450/3 | - | €0.007m | - | €0.4m | €0.2m | €0.03m | €0.03m | ▲ 26.0% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 32.5% |
| Other amounts payable47/48 | - | €0.4m | - | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 35.5% |
| Accrued charges and deferred income492/3 | - | €0.003m | - | €0.008m | €0.04m | €0.02m | €0.008m | ▼ 57.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.04m | €0.2m | €0.8m | €0.02m | €1.9m | -€0.008m | ▼ 100% |
| + Depreciation and write-downs630 | - | €0.03m | €0.1m | €0.1m | €0.6m | €0.6m | €0.6m | ▲ 14.1% |
| Operating cash flow (approximation) | -€0.1m | -€0.009m | €0.3m | €0.9m | €0.7m | €2.4m | €0.6m | ▼ 73.8% |
| Investment in fixed assets (approximation) | - | - | €0.07m | -€4.2m | -€0.5m | -€0.4m | -€1.0m | ▼ 180% |
| Change in cash | - | €0.02m | - | - | -€0.9m | €0.06m | -€0.09m | ▼ 245% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.