ORGANISATION CONSTRUCT
Open bankruptcyFinancials · financial year 2024, full format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€11,633
2023 · €3,328
Working capital
€136,859▼ 3.7%
2023 · €142,091
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result falls in 2024; 2024 is 83% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,576
2024
Net result-€11,633
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€255,271
2024
Equity€135,874
2024
Debt€119,397
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€136,859
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)-4.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency53.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.17
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€21,220-€28,330▲ 33.5%€18,287▼ 35.5%€14,135▼ 22.7%€32,891▲ 133%€5,576▼ 83.0%
Net result€6,007-€14,911within the sector's middle half▲ 148%€16,805within the sector's middle half▲ 12.7%€8,213below the sector's middle half▼ 51.1%€3,328below the sector's middle half▼ 59.5%-€11,633below the sector's middle half
Equity€103,386-€118,297within the sector's middle half▲ 14.4%€135,102within the sector's middle half▲ 14.2%€143,578within the sector's middle half▲ 6.3%€147,536within the sector's middle half▲ 2.8%€135,874within the sector's middle half▼ 7.9%
Total assets€155,392-€202,124within the sector's middle half▲ 30.1%€233,631within the sector's middle half▲ 15.6%€248,620below the sector's middle half▲ 6.4%€274,899below the sector's middle half▲ 10.6%€255,271below the sector's middle half▼ 7.1%
Debt€52,006-€83,826▲ 61.2%€98,529▲ 17.5%€105,042▲ 6.6%€127,363▲ 21.2%€119,397▼ 6.3%
Working capital€99,949-€121,735within the sector's middle half▲ 21.8%€130,475within the sector's middle half▲ 7.2%€147,393within the sector's middle half▲ 13.0%€142,091within the sector's middle half▼ 3.6%€136,859within the sector's middle half▼ 3.7%
Solvency66.5%-58.5%within the sector's middle half▼ 8.0pp57.8%within the sector's middle half▼ 0.7pp57.7%within the sector's middle half▼ 0.1pp53.7%within the sector's middle half▼ 4.1pp53.2%within the sector's middle half▼ 0.4pp
Current ratio3.01-2.63within the sector's middle half▼ 0.382.34within the sector's middle half▼ 0.292.54within the sector's middle half▲ 0.202.12within the sector's middle half▼ 0.422.17within the sector's middle half▲ 0.05
Return on assets (ROA)3.9%-7.4%within the sector's middle half▲ 3.5pp7.2%within the sector's middle half▼ 0.2pp3.3%within the sector's middle half▼ 3.9pp1.2%below the sector's middle half▼ 2.1pp-4.6%below the sector's middle half▼ 5.8pp
above
within
below
the middle half of NACE 69, Legal and accounting activities: 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.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €255,271
Fixed assets
€963 ▼ 82.9%
Current assets
€254,309 ▼ 5.6%
Equity and liabilities €255,271
Equity
€135,874 ▼ 7.9%
Debt
€119,397 ▼ 6.3%
Debt's share of the balance-sheet total rises from 46.3% to 46.8%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.88▲
2023 · 0.86
ROE
-8.6%▼
2023 · 2.3%
Debt ≤ 1 year
€117,449▼
2023 · €127,176
Income taxes
€18,098
Staff costs
€30
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €110 | - |
| Remuneration, social security and pensions62 | - | - | - | €6,343 | - | €30 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €688 | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,802 | €39,395 | - | - |
| Other operating charges640/8 | - | - | - | €1,005 | €723 | €187 | ▼ 74.2% |
| Non-recurring operating charges66A | - | - | - | €16,544 | €5,274 | €20,831 | ▲ 295% |
| Gross operating margin9900 | €32,144 | €36,094 | €27,607 | €34,225 | €78,283 | €26,624 | ▼ 66.0% |
| Operating profit (loss)9901 | €21,220 | €28,330 | €18,287 | €14,135 | €32,891 | €5,576 | ▼ 83.0% |
| Financial income75/76B | - | - | - | €2,566 | €3,605 | €4,885 | ▲ 35.5% |
| Recurring financial income75 | €2,623 | €2,698 | €9,340 | €2,566 | €3,576 | €4,885 | ▲ 36.6% |
| Non-recurring financial income76B | - | - | - | - | €28 | - | - |
| Financial charges65/66B | - | - | - | €3,806 | €33,167 | €3,996 | ▼ 88.0% |
| Recurring financial charges65 | €4,391 | €10,402 | €1,895 | €3,806 | €33,167 | €3,996 | ▼ 88.0% |
| Profit (loss) for the period before taxes9903 | €19,453 | €20,626 | €25,731 | €12,894 | €3,328 | €6,465 | ▲ 94.2% |
| Income taxes67/77 | €13,446 | €5,715 | €8,927 | €4,682 | - | €18,098 | - |
| Profit (loss) for the period9904 | €6,007 | €14,911 | €16,805 | €8,213 | €3,328 | -€11,633 | - |
| Profit (loss) for the period to be appropriated9905 | €6,007 | €14,911 | €16,805 | €8,213 | €3,328 | -€11,633 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €155,392 | €202,124 | €233,631 | €248,620 | €274,899 | €255,271 | ▼ 7.1% |
| Fixed assets21/28 | €5,632 | €5,632 | €5,632 | €5,632 | €5,632 | €963 | ▼ 82.9% |
| Tangible fixed assets22/27 | €4,582 | €4,582 | €4,582 | €4,582 | €4,582 | - | - |
| Furniture and vehicles24 | - | - | - | €4,582 | €4,582 | - | - |
| Financial fixed assets28 | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | €963 | ▼ 8.3% |
| Current assets29/58 | €149,760 | €196,492 | €227,999 | €242,988 | €269,267 | €254,309 | ▼ 5.6% |
| Amounts receivable after more than one year29 | - | - | - | €41,589 | €41,589 | €41,589 | = |
| Other amounts receivable291 | - | - | - | €41,589 | €41,589 | €41,589 | = |
| Amounts receivable within one year40/41 | €113,305 | €151,019 | €159,552 | €173,688 | €197,878 | €190,994 | ▼ 3.5% |
| Trade receivables40 | - | - | - | €126,350 | €158,224 | €140,986 | ▼ 10.9% |
| Other amounts receivable41 | - | - | - | €47,338 | €39,654 | €50,007 | ▲ 26.1% |
| Current investments50/53 | €411 | €1,742 | €248 | €97 | €14 | - | - |
| Cash at bank and in hand54/58 | €6,456 | €17,742 | €14,546 | €18,577 | €26,186 | €19,965 | ▼ 23.8% |
| Deferred charges and accrued income490/1 | - | - | - | €9,036 | €3,600 | €1,761 | ▼ 51.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €155,392 | €202,124 | €233,631 | €248,620 | €274,899 | €255,271 | ▼ 7.1% |
| Equity10/15 | €103,386 | €118,297 | €135,102 | €143,578 | €147,536 | €135,874 | ▼ 7.9% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - |
| Reserves13 | €76,746 | €76,746 | €76,746 | €76,746 | €76,746 | €76,746 | = |
| Non-distributable reserves130/1 | - | - | - | €1,893 | €1,893 | €1,893 | = |
| Legal reserve130 | - | - | - | €1,893 | €1,893 | - | - |
| Other1319 | - | - | - | - | - | €1,893 | - |
| Distributable reserves133 | - | - | - | €74,854 | €74,854 | €74,854 | = |
| Profit (loss) carried forward14 | €8,048 | €22,959 | €39,763 | €48,239 | €52,197 | €40,536 | ▼ 22.3% |
| Amounts payable17/49 | €52,006 | €83,826 | €98,529 | €105,042 | €127,363 | €119,397 | ▼ 6.3% |
| Amounts payable after more than one year17 | - | €6,875 | - | €7,500 | - | - | - |
| Financial debts170/4 | - | - | - | €7,500 | - | - | - |
| Amounts payable within one year42/48 | €49,811 | €74,756 | €97,524 | €95,594 | €127,176 | €117,449 | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,000 | €7,462 | - | - |
| Trade debts44 | €28,158 | €36,824 | €43,976 | €30,071 | €32,687 | €25,525 | ▼ 21.9% |
| Suppliers440/4 | - | - | - | €30,071 | €32,687 | €25,525 | ▼ 21.9% |
| Taxes, remuneration and social security45 | - | - | - | €55,523 | €85,459 | €90,839 | ▲ 6.3% |
| Taxes450/3 | - | - | - | €51,569 | €83,676 | €90,287 | ▲ 7.9% |
| Remuneration and social security454/9 | - | - | - | €3,955 | €1,783 | €553 | ▼ 69.0% |
| Other amounts payable47/48 | - | - | - | - | €1,569 | €1,085 | ▼ 30.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1,948 | €187 | €1,948 | ▲ 943% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,007 | €14,911 | €16,805 | €8,213 | €3,328 | -€11,633 | - |
| + Depreciation and write-downs630 | €688 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €6,695 | €14,911 | €16,805 | €8,213 | €3,328 | -€11,633 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €4,669 | - |
| Change in cash | - | €11,285 | -€3,196 | €4,032 | €7,608 | -€6,220 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | full format | 28-01-2025 | 2025-00015179 |
| 30-06-2023 | full format | 02-05-2024 | 2024-00078638 |
| 30-06-2022 | full format | 05-05-2023 | 2023-00080353 |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02000178 |
| 30-06-2020 | micro format | 15-02-2021 | 2021-05300342 |
| 30-06-2019 | micro format | 27-04-2020 | 2020-09800443 |
| 30-06-2018 | micro format | 10-04-2019 | 2019-09500346 |
| 30-06-2017 | micro format | 07-08-2018 | 2018-43500487 |
| 30-06-2016 | full format | 26-02-2018 | 2018-05400219 |
| 30-06-2015 | full format | 09-09-2016 | 2016-59400242 |
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Of the 12,103 active companies whose main activity is certified accountants and tax accountants (NACE 69201), figures are known for 7,717. 6,570 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.