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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 22-07-2024 PDF all 4 filings
Equity
€2,244▼ 85.8%
2022 · €15,756
Total assets
€8,950▼ 64.1%
2022 · €24,934
Net result
-€13,512▼ 193%
2022 · -€4,608
Working capital
€2,244▼ 78.7%
2022 · €10,529
Multi-year overview
2020 to 2023, 4 financial yearsOperating result
-€13,072
▼ 198%
2023
20202023
Net result
-€13,512
▼ 193%
2023
20202023
Equity
€2,244
▼ 85.8%
2023
20202023
Total assets
€8,950
▼ 64.1%
2023
20202023
Debt
€6,706
▼ 26.9%
2023
20202023
Working capital
€2,244
▼ 78.7%
2023
20202023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€15,786-€6,235▼ 60.5%-€4,388-€13,072▼ 198%
Net result€14,299-€6,065▼ 57.6%-€4,608-€13,512▼ 193%
Equity€14,299-€20,364▲ 42.4%€15,756▼ 22.6%€2,244▼ 85.8%
Total assets€72,198-€32,675▼ 54.7%€24,934▼ 23.7%€8,950▼ 64.1%
Debt€57,899-€12,311▼ 78.7%€9,177▼ 25.5%€6,706▼ 26.9%
Working capital-€1,433-€9,885€10,529▲ 6.5%€2,244▼ 78.7%
The operating result for 2023 is a loss of €13,072, larger than the loss of €4,388 in 2022. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €8,950
Equity
€2,244 ▼ 85.8%
Debt
€6,706 ▼ 26.9%
Debt's share of the balance-sheet total rises from 36.8% to 74.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€12,809▼
2022 · €864
Cash flow
-€13,250▼
2022 · €645
Current ratio
1.33▼
2022 · 2.15
Debt to equity
2.99▲
2022 · 0.58
ROE
-602.2%▼
2022 · -29.2%
ROA
-151.0%▼
2022 · -18.5%
Interest coverage
-38.04▼
2022 · 8.64
Debt ≤ 1 year
€6,706▼
2022 · €9,177
Income taxes
€104▼
2022 · €120
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26 | €5,252 | €5,252 | €262 | ▼ 95.0% |
| Other operating charges640/8 | - | €850 | €1,017 | €1,663 | ▲ 63.4% |
| Non-recurring operating charges66A | - | - | - | €2,899 | - |
| Gross operating margin9900 | €16,816 | €12,337 | €1,882 | -€8,248 | - |
| Operating profit (loss)9901 | €15,786 | €6,235 | -€4,388 | -€13,072 | ▼ 198% |
| Financial income75/76B | - | €30 | - | - | - |
| Recurring financial income75 | €26 | €30 | - | - | - |
| Financial charges65/66B | - | €200 | €100 | €337 | ▲ 237% |
| Recurring financial charges65 | €117 | €200 | €100 | €337 | ▲ 237% |
| Profit (loss) for the period before taxes9903 | €15,695 | €6,065 | -€4,488 | -€13,408 | ▼ 199% |
| Income taxes67/77 | €1,397 | - | €120 | €104 | ▼ 12.9% |
| Profit (loss) for the period9904 | €14,299 | €6,065 | -€4,608 | -€13,512 | ▼ 193% |
| Profit (loss) for the period to be appropriated9905 | €14,299 | €6,065 | -€4,608 | -€13,512 | ▼ 193% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €72,198 | €32,675 | €24,934 | €8,950 | ▼ 64.1% |
| Fixed assets21/28 | €15,731 | €10,479 | €5,227 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €15,731 | €10,479 | €5,227 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €10,479 | €5,227 | €0 | ▼ 100% |
| Current assets29/58 | €56,466 | €22,196 | €19,707 | €8,950 | ▼ 54.6% |
| Stocks and contracts in progress3 | - | - | €2,175 | - | - |
| Stocks30/36 | - | - | €2,175 | - | - |
| Amounts receivable within one year40/41 | €47,988 | €4,574 | €235 | €3,482 | ▲ 15× |
| Trade receivables40 | - | €520 | €30 | €2,871 | ▲ 97× |
| Other amounts receivable41 | - | €4,055 | €206 | €611 | ▲ 197% |
| Cash at bank and in hand54/58 | €8,478 | €17,621 | €17,296 | €5,468 | ▼ 68.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €72,198 | €32,675 | €24,934 | €8,950 | ▼ 64.1% |
| Equity10/15 | €14,299 | €20,364 | €15,756 | €2,244 | ▼ 85.8% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €8,299 | €14,364 | €14,364 | €14,364 | = |
| Distributable reserves133 | - | €14,364 | €14,364 | €14,364 | = |
| Profit (loss) carried forward14 | - | - | -€4,608 | -€18,120 | ▼ 293% |
| Amounts payable17/49 | €57,899 | €12,311 | €9,177 | €6,706 | ▼ 26.9% |
| Amounts payable within one year42/48 | €57,899 | €12,311 | €9,177 | €6,706 | ▼ 26.9% |
| Trade debts44 | €18,395 | €3,516 | €201 | €748 | ▲ 273% |
| Suppliers440/4 | - | €3,516 | €201 | €748 | ▲ 273% |
| Taxes, remuneration and social security45 | - | €8,776 | €8,891 | €5,958 | ▼ 33.0% |
| Taxes450/3 | - | €8,776 | €8,891 | €5,958 | ▼ 33.0% |
| Other amounts payable47/48 | - | €20 | €86 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,299 | €6,065 | -€4,608 | -€13,512 | ▼ 193% |
| + Depreciation and write-downs630 | €26 | €5,252 | €5,252 | €262 | ▼ 95.0% |
| Operating cash flow (approximation) | €14,325 | €11,317 | €645 | -€13,250 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €4,965 | - |
| Change in cash | - | €9,143 | -€325 | -€11,828 | ▼ 3,535% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.