ODE Group
Open bankruptcyFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 30-01-2025 PDF all 7 filings
Turnover
≈ €130,000
Estimated: probably between €94,000 and €200,000
Total assets
€15.9m▼ 6.2%
2023 · €16.9m
Net result
€16,220▼ 54.7%
2023 · €35,783
Working capital
€170,055▲ 24.0%
2023 · €137,132
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€32,171
▼ 37.4%
2024
20192024
Net result
€16,220
▼ 54.7%
2024
middle half of the sector
20192024
Equity
€208,512
▲ 8.4%
2024
middle half of the sector
20192024
Total assets
€15.9m
▼ 6.2%
2024
highest quarter of the sector
20192024
Debt
€15.6m
▼ 6.3%
2024
20192024
Working capital
€170,055
▲ 24.0%
2024
middle half of the sector
20192024
Solvency
1.3%
▲ 0.2pp
2024
lowest quarter of the sector
20192024
Current ratio
1.01
=
2024
middle half of the sector
20192024
Return on assets (ROA)
0.1%
▼ 0.1pp
2024
lowest quarter of the sector
20192024
Staff (FTE)
no figure
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€0.003m--€0.006m€0.1m€0.08m▼ 41.5%€0.05m▼ 32.2%€0.03m▼ 37.4%
Net result€0.001m--€0.005mbelow the sector's middle half€0.1mabove the sector's middle half€0.05mwithin the sector's middle half▼ 52.7%€0.04mwithin the sector's middle half▼ 25.8%€0.02mwithin the sector's middle half▼ 54.7%
Equity€0.01m-€0.006mbelow the sector's middle half▼ 45.3%€0.1mwithin the sector's middle half▲ 17×€0.2mwithin the sector's middle half▲ 44.5%€0.2mwithin the sector's middle half▲ 22.9%€0.2mwithin the sector's middle half▲ 8.4%
Total assets€0.06m-€0.05mbelow the sector's middle half▼ 20.6%€6.9mabove the sector's middle half▲ 137×€7.7mabove the sector's middle half▲ 12.2%€16.9mabove the sector's middle half▲ 120%€15.9mabove the sector's middle half▼ 6.2%
Debt€0.05m-€0.04m▼ 15.1%€6.7m▲ 155×€7.5m▲ 11.7%€16.7m▲ 122%€15.6m▼ 6.3%
Working capital-€0.04m-€0.006mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 15×€0.1mwithin the sector's middle half▲ 38.4%€0.1mwithin the sector's middle half▲ 1.8%€0.2mwithin the sector's middle half▲ 24.0%
Solvency18.4%-12.7%below the sector's middle half▼ 5.7pp1.6%below the sector's middle half▼ 11.1pp2.0%below the sector's middle half▲ 0.5pp1.1%below the sector's middle half▼ 0.9pp1.3%below the sector's middle half▲ 0.2pp
Current ratio0.14-1.14within the sector's middle half▲ 1.001.01within the sector's middle half▼ 0.131.02within the sector's middle half=1.01within the sector's middle half▼ 0.011.01within the sector's middle half=
Return on assets (ROA)1.9%--10.5%below the sector's middle half▼ 12.3pp1.5%within the sector's middle half▲ 12.0pp0.6%within the sector's middle half▼ 0.9pp0.2%below the sector's middle half▼ 0.4pp0.1%below the sector's middle half▼ 0.1pp
Staff (FTE)0.6within the sector's middle half0.1▼ 83.3%1.9within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 37% lower than in 2023. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.9m
Fixed assets
€42,957 ▼ 22.1%
Current assets
€15.8m ▼ 6.1%
Equity and liabilities €15.9m
Equity
€208,512 ▲ 8.4%
Debt
€15.6m ▼ 6.3%
Debt's share of the balance-sheet total falls from 98.9% to 98.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,778▼
2023 · €59,485
Cash flow
€29,827▼
2023 · €43,885
Quick ratio
1.01▲
2023 · 1.00
Debt to equity
75.02▼
2023 · 86.86
ROE
7.8%▼
2023 · 18.6%
Interest coverage
8.86▼
2023 · 18.15
Debt ≤ 1 year
€15.6m▼
2023 · €16.7m
Debt > 1 year
€4,500
Income taxes
€10,785▼
2023 · €14,950
Staff costs
€15,461▼
2023 · €28,525
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| Average over the year, in full-time equivalents | 0.9 |
| On a permanent contract | 1 |
| Joined | 5 |
| Left | 5 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | €19,855 | €41,500 | €1,404 |
| Financial fixed assets | €3,000 | - | - |
| Depreciation and write-downs of the year | €3,274 | €8,102 | €13,608 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €5,797 | €28,525 | €15,461 | ▼ 45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,012 | - | €1,742 | €3,274 | €8,102 | €13,608 | ▲ 68.0% |
| Other operating charges640/8 | - | - | - | €1,967 | €4,500 | €5,126 | ▲ 13.9% |
| Non-recurring operating charges66A | - | - | - | €9,141 | - | - | - |
| Gross operating margin9900 | €12,664 | €16,790 | €132,810 | €96,010 | €92,509 | €66,365 | ▼ 28.3% |
| Operating profit (loss)9901 | €2,506 | -€6,394 | €129,533 | €75,832 | €51,383 | €32,171 | ▼ 37.4% |
| Financial income75/76B | - | - | - | €1,474 | €2,626 | - | - |
| Recurring financial income75 | €20 | €28 | €692 | €1,474 | €2,626 | - | - |
| Financial charges65/66B | - | - | - | €10,430 | €3,277 | €5,166 | ▲ 57.6% |
| Recurring financial charges65 | €1,361 | €1,866 | €3,476 | €10,430 | €3,277 | €5,166 | ▲ 57.6% |
| Profit (loss) for the period before taxes9903 | €1,165 | -€5,232 | €126,749 | €66,876 | €50,732 | €27,005 | ▼ 46.8% |
| Income taxes67/77 | - | - | €24,776 | €18,659 | €14,950 | €10,785 | ▼ 27.9% |
| Profit (loss) for the period9904 | €1,165 | -€5,232 | €101,973 | €48,218 | €35,783 | €16,220 | ▼ 54.7% |
| Profit (loss) for the period to be appropriated9905 | €1,165 | -€5,232 | €101,973 | €48,218 | €35,783 | €16,220 | ▼ 54.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.06m | €0.05m | €6.9m | €7.7m | €16.9m | €15.9m | ▼ 6.2% |
| Fixed assets21/28 | €0.06m | - | €0.01m | €0.02m | €0.06m | €0.04m | ▼ 22.1% |
| Tangible fixed assets22/27 | €0.05m | - | €0.01m | €0.02m | €0.05m | €0.04m | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | - | - |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.002m | €0.001m | ▼ 57.9% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.05m | €0.04m | ▼ 21.1% |
| Financial fixed assets28 | €0.009m | - | - | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.007m | €0.05m | €6.8m | €7.7m | €16.8m | €15.8m | ▼ 6.1% |
| Stocks and contracts in progress3 | - | - | - | - | €0.06m | €0.09m | ▲ 39.1% |
| Stocks30/36 | - | - | - | - | €0.06m | €0.09m | ▲ 39.1% |
| Amounts receivable within one year40/41 | €0.007m | €0.04m | €6.8m | €7.7m | €16.8m | €15.7m | ▼ 6.3% |
| Trade receivables40 | - | - | - | €7.6m | €16.7m | €15.7m | ▼ 6.3% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.03m | €0.03m | ▲ 10.7% |
| Current investments50/53 | - | €0.008m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.001m | - | €0.001m | €0.02m | €0.008m | €0.003m | ▼ 65.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.06m | €0.05m | €6.9m | €7.7m | €16.9m | €15.9m | ▼ 6.2% |
| Equity10/15 | €0.01m | €0.006m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.4% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | - | - | - | €0.02m | - |
| Other1109/19 | - | - | - | - | - | €0.02m | - |
| Reserves13 | - | - | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 9.4% |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | ▲ 9.4% |
| Profit (loss) carried forward14 | -€0.008m | -€0.01m | - | - | - | - | - |
| Amounts payable17/49 | €0.05m | €0.04m | €6.7m | €7.5m | €16.7m | €15.6m | ▼ 6.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.005m | - |
| Other amounts payable178/9 | - | - | - | - | - | €0.005m | - |
| Amounts payable within one year42/48 | €0.05m | €0.04m | €6.7m | €7.5m | €16.7m | €15.6m | ▼ 6.4% |
| Trade debts44 | €0.002m | €0.01m | €6.7m | €7.4m | €16.6m | €15.5m | ▼ 6.3% |
| Suppliers440/4 | - | - | - | €7.4m | €16.6m | €15.5m | ▼ 6.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.04m | €0.03m | ▼ 27.6% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0.03m | ▼ 22.5% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.004m | €0.001m | ▼ 69.0% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.08m | €0.08m | ▼ 9.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,165 | -€5,232 | €101,973 | €48,218 | €35,783 | €16,220 | ▼ 54.7% |
| + Depreciation and write-downs630 | €6,012 | - | €1,742 | €3,274 | €8,102 | €13,608 | ▲ 68.0% |
| Operating cash flow (approximation) | €7,177 | -€5,232 | €103,715 | €51,491 | €43,885 | €29,827 | ▼ 32.0% |
| Investment in fixed assets (approximation) | - | - | - | -€14,086 | -€41,500 | -€1,404 | ▲ 96.6% |
| Change in cash | - | - | - | €15,730 | -€8,491 | -€5,418 | ▲ 36.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2024 | abbreviated format | 30-01-2025 | 2025-00016929 | |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00014627 | |
| 30-06-2022 | abbreviated format | 23-01-2023 | 2023-00001625 | |
| 30-06-2021 | micro format | 13-11-2021 | 2021-77400036 | |
| 30-06-2020 | micro format | 23-01-2021 | 2021-02900153 | |
| 30-06-2019 | micro format | 29-01-2020 | 2020-02600384 | |
| 30-06-2018 | abbreviated format | 29-12-2018 | 2018-76000194 |