PARTE
Open bankruptcyFinancials · fiscal year 2024, abbreviated schema
Equity
-€702,086▼ 10.0%
2023 · -€638,209
Total assets
€1.4m▲ 9.0%
2023 · €1.3m
Net result
-€63,877▲ 0.5%
2023 · -€64,215
Working capital
-€349,968▲ 50.4%
2023 · -€705,856
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result stays negative: a loss of €48,043 in 2024 against €64,972 in 2023; the loss shrinks.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€0.05m
2024
Net result-€0.06m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2024
Equity-€0.7m
2024
Debt€2.1m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
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)-4.7%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-51.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.74
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)3.6
2024
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 62, Computer programming, consultancy and related 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.009m--€0.02m▼ 115%-€0.3m▼ 1,355%-€0.3m▼ 13.2%-€0.2m▲ 35.8%-€0.06m▲ 68.6%-€0.05m▲ 26.1%
Net result-€0.009m--€0.02m▼ 115%-€0.3mbelow the sector's middle half▼ 1,405%-€0.4mbelow the sector's middle half▼ 16.0%-€0.2mbelow the sector's middle half▲ 33.0%-€0.06mbelow the sector's middle half▲ 72.7%-€0.06mbelow the sector's middle half▲ 0.5%
Equity-€0.04m-€0.3m€0.01mbelow the sector's middle half▼ 96.0%-€0.3mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 69.5%-€0.6mbelow the sector's middle half▼ 11.2%-€0.7mbelow the sector's middle half▼ 10.0%
Total assets€0.05m-€0.6m▲ 1,120%€0.9mwithin the sector's middle half▲ 50.7%€0.9mwithin the sector's middle half▼ 1.9%€0.9mwithin the sector's middle half▲ 3.0%€1.3mwithin the sector's middle half▲ 34.2%€1.4mwithin the sector's middle half▲ 9.0%
Debt€0.1m-€0.3m▲ 214%€0.9m▲ 206%€1.2m▲ 36.6%€1.5m▲ 21.1%€1.9m▲ 25.4%€2.1m▲ 9.3%
Working capital-€0.04m-€0.05m-€0.3mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 165%-€0.5mbelow the sector's middle half▲ 32.2%-€0.7mbelow the sector's middle half▼ 44.5%-€0.3mbelow the sector's middle half▲ 50.4%
Solvency-89.0%-51.4%▲ 140.3pp1.4%below the sector's middle half▼ 50.0pp-37.3%below the sector's middle half▼ 38.7pp-61.4%below the sector's middle half▼ 24.1pp-50.9%below the sector's middle half▲ 10.5pp-51.4%below the sector's middle half▼ 0.5pp
Current ratio0.50-1.15▲ 0.650.53below the sector's middle half▼ 0.620.31below the sector's middle half▼ 0.230.46below the sector's middle half▲ 0.150.53below the sector's middle half▲ 0.080.74below the sector's middle half▲ 0.21
Return on assets (ROA)-18.6%--3.3%▲ 15.3pp-32.7%below the sector's middle half▼ 29.5pp-38.7%below the sector's middle half▼ 6.0pp-25.2%below the sector's middle half▲ 13.5pp-5.1%below the sector's middle half▲ 20.1pp-4.7%below the sector's middle half▲ 0.4pp
Staff (FTE)0.36.7within the sector's middle half▲ 2,133%7.4within the sector's middle half▲ 10.4%5.5within the sector's middle half▼ 25.7%4.5within the sector's middle half▼ 18.2%3.6within the sector's middle half▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€374,608 ▼ 16.8%
Current assets
€991,515 ▲ 23.4%
Equity and liabilities
Equity-€702,086
Debt€2.1m
Equity is negative: debt (€2.1m) exceeds the balance-sheet total (€1.4m).
Key figures and ratios
EBITDA
€21,157▲
2023 · €8,267
Cash flow
€5,323▼
2023 · €9,024
Interest coverage
1.34▲
2023 · -10.92
Debt ≤ 1 year
€1.3m▼
2023 · €1.5m
Debt > 1 year
€710,000▲
2023 · €380,000
Staff costs
€202,123▼
2023 · €264,029
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €4,743 | - |
| Remuneration, social security and pensions62 | - | - | - | €366,793 | €272,228 | €264,029 | €202,123 | ▼ 23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,130 | €3,330 | €50,616 | €69,763 | €73,909 | €73,239 | €69,200 | ▼ 5.5% |
| Other operating charges640/8 | - | - | - | €822 | €2,834 | €1,300 | €175 | ▼ 86.5% |
| Gross operating margin9900 | -€6,142 | -€3,571 | €6,016 | €114,906 | €141,948 | €273,596 | €223,456 | ▼ 18.3% |
| Operating profit (loss)9901 | -€9,107 | -€19,580 | -€284,964 | -€322,472 | -€207,024 | -€64,972 | -€48,043 | ▲ 26.1% |
| Financial income75/76B | - | - | - | - | €5 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | - | €5 | €0 | - | - |
| Financial charges65/66B | - | - | - | €28,657 | €28,239 | -€757 | €15,834 | ▲ 2,191% |
| Recurring financial charges65 | €233 | €532 | €17,689 | €28,657 | €28,239 | -€757 | €15,834 | ▲ 2,191% |
| Profit (loss) for the period before taxes9903 | -€9,340 | -€20,112 | -€302,653 | -€351,129 | -€235,258 | -€64,215 | -€63,877 | ▲ 0.5% |
| Income taxes67/77 | - | - | €8 | €47 | €51 | €0 | - | - |
| Profit (loss) for the period9904 | -€9,340 | -€20,112 | -€302,661 | -€351,175 | -€235,309 | -€64,215 | -€63,877 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | -€9,340 | -€20,112 | -€302,661 | -€351,175 | -€235,309 | -€64,215 | -€63,877 | ▲ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.05m | €0.6m | €0.9m | €0.9m | €0.9m | €1.3m | €1.4m | ▲ 9.0% |
| Fixed assets21/28 | €0.01m | €0.3m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 16.8% |
| Intangible fixed assets21 | €0.004m | €0.3m | €0.6m | €0.6m | €0.5m | €0.4m | €0.4m | ▼ 15.7% |
| Tangible fixed assets22/27 | - | €0.001m | €0.02m | €0.02m | €0.01m | €0.007m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.007m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.006m | - | - | - | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.04m | €0.3m | €0.3m | €0.3m | €0.4m | €0.8m | €1.0m | ▲ 23.4% |
| Amounts receivable within one year40/41 | €0.04m | €0.3m | €0.3m | €0.3m | €0.4m | €0.8m | €1.0m | ▲ 23.5% |
| Trade receivables40 | - | - | - | - | €0.2m | €0.6m | €0.8m | ▲ 32.2% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | = |
| Cash at bank and in hand54/58 | €0.002m | €0.04m | €0.03m | €364 | €0.001m | €0.001m | €323 | ▼ 53.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.001m | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.05m | €0.6m | €0.9m | €0.9m | €0.9m | €1.3m | €1.4m | ▲ 9.0% |
| Equity10/15 | -€0.04m | €0.3m | €0.01m | -€0.3m | -€0.6m | -€0.6m | -€0.7m | ▼ 10.0% |
| Contributions10/11 | €0.02m | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.08m | -€0.4m | -€0.7m | -€1.0m | -€1.0m | -€1.1m | ▼ 6.2% |
| Amounts payable17/49 | €0.1m | €0.3m | €0.9m | €1.2m | €1.5m | €1.9m | €2.1m | ▲ 9.3% |
| Amounts payable after more than one year17 | €0.02m | - | €0.3m | €0.2m | €0.6m | €0.4m | €0.7m | ▲ 86.8% |
| Financial debts170/4 | - | - | - | €0.2m | €0.6m | €0.4m | €0.7m | ▲ 86.8% |
| Amounts payable within one year42/48 | €0.08m | €0.3m | €0.6m | €1.0m | €0.9m | €1.5m | €1.3m | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | = |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 3.9% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 3.9% |
| Trade debts44 | €0.005m | €0.1m | €86 | €0.08m | €0.1m | €0.2m | €0.02m | ▼ 86.6% |
| Suppliers440/4 | - | - | - | €0.08m | €0.1m | €0.2m | €0.02m | ▼ 86.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.3m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.04m | €0.03m | €0.3m | ▲ 913% |
| Taxes450/3 | - | - | - | €0.02m | €0.005m | €51 | €0.1m | ▲ 293,938% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.03m | €0.03m | €0.1m | ▲ 390% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.2m | €0.4m | €0.4m | ▲ 9.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.003m | €0.02m | ▲ 519% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,340 | -€20,112 | -€302,661 | -€351,175 | -€235,309 | -€64,215 | -€63,877 | ▲ 0.5% |
| + Depreciation and write-downs630 | €2,130 | €3,330 | €50,616 | €69,763 | €73,909 | €73,239 | €69,200 | ▼ 5.5% |
| Operating cash flow (approximation) | -€7,210 | -€16,783 | -€252,045 | -€281,412 | -€161,400 | €9,024 | €5,323 | ▼ 41.0% |
| Investment in fixed assets (approximation) | - | -€263,345 | -€391,927 | -€42,872 | -€13,000 | €0 | €6,539 | - |
| Change in cash | - | €36,531 | -€10,760 | -€27,592 | €330 | -€6 | -€365 | ▼ 5,852% |
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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