PAUL MAHIEU
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
30 d late
2022
11 d early
2021
96 d late
2020
136 d late
2019
181 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€155k▼ 22.5%
2020 · €200k
2020: €200k
2020 → 2021
EBIT margin
61.8%▲ 2.9pp
2020 · 58.9%
2020: 58.9%
2020 → 2021
Net result
€246k▲ 174%
2023 · €90k
2018: €101k
2019: €42k
2020: €62k
2021: €74k
2022: €86k
2023: €90k
2018 → 2024
Working capital
€992k▲ 42.7%
2023 · €695k
2018: €95k
2019: €186k
2020: €314k
2021: €434k
2022: €563k
2023: €695k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€200k-€155k▼ 22.5%
Equity€619k-€693k▲ 12.0%€779k▲ 12.4%€869k▲ 11.5%€1.11M▲ 28.3%
Operating result€118k-€96k▼ 18.7%€115k▲ 20.2%€123k▲ 6.5%€339k▲ 177%
Net result€62k-€74k▲ 20.9%€86k▲ 15.2%€90k▲ 4.9%€246k▲ 174%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 177% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.26M
Fixed assets
€123k▼ 29.3%
Current assets
€1.14M▲ 46.6%
Equity and liabilities €1.26M
Equity
€1.11M▲ 28.3%
Debt
€143k▲ 81.2%
The debt ratio rises from 8.3% to 11.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€349k▲
2023 · €169k
Cash flow
€256k▲
2023 · €136k
Solvency
88.6%▼
2023 · 91.7%
Current ratio
7.93▼
2023 · 9.80
Quick ratio
7.93▼
2023 · 9.80
Debt / equity
0.13▲
2023 · 0.09
ROE
22.1%▲
2023 · 10.3%
ROA
19.5%▲
2023 · 9.5%
Debt
€143k▲
2023 · €79k
Debt ≤ 1 year
€143k▲
2023 · €79k
Income taxes
€93k▲
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€948k€1.26M▲
Fixed assets21/28€173k€123k▼
Tangible fixed assets22/27€173k€123k▼
Land and buildings22€173k€123k▼
Current assets29/58€774k€1.14M▲
Amounts receivable within one year40/41€774k€1.14M▲
Other amounts receivable41€774k€1.14M▲
Equity and liabilities
Total equity and liabilities10/49€948k€1.26M▲
Equity10/15€869k€1.11M▲
Contributions10/11€197k€197k=
Capital10€197k€197k=
Issued capital100€197k€197k=
Reserves13€286k€286k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€266k€266k=
Profit (loss) carried forward14€386k€632k▲
Amounts payable17/49€79k€143k▲
Amounts payable within one year42/48€79k€143k▲
Trade debts44€11k€15k▲
Suppliers440/4€11k€15k▲
Taxes, remuneration and social security45€68k€128k▲
Taxes450/3€68k€128k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€10k▼
Other operating charges640/8-€3k
Non-recurring operating charges66A€1k-
Gross operating margin9900€170k€352k▲
Operating profit (loss)9901€123k€339k▲
Profit (loss) for the period before taxes9903€123k€339k▲
Transfer from deferred taxes780€3k-
Income taxes67/77€36k€93k▲
Profit (loss) for the period9904€90k€246k▲
Transfer from tax-exempt reserves789€7k-
Profit (loss) for the period to be appropriated9905€96k€246k▲
Appropriation of the result
Profit (loss) to be appropriated9906€386k€632k▲
Profit (loss) brought forward from the previous period14P€290k€386k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
State Gazette act
General meeting · Merger
Dissolution · Share issue · Sophie MAQUET
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
26-05
State Gazette act
Merger · Corporate purpose
Share issue · Accounting effect
2024
31-12
Financial
Highest result since 2018net €246k ▲174%
Operating result €339k, net result €246k, both a record.
31-12
Financial
Equity above €1MEq €1.11M ▲28.3%
7 profitable years in a row build equity to €1.11M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 96 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 9.38
Current ratio from 3.10 to 9.38; short-term debt falls from €149k to €52k.
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 136 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 181 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 547 days late
2019
31-12
Financial
Weakest financial yearnet €42k ▼58%
Net result drops to €42k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.38
Current ratio from 1.19 to 3.38; short-term debt falls from €507k to €78k.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:EG SERVICES (BELGIUM PROPERTY)