PERSPECTIF
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 07-07-2025 PDF all 15 filings
Turnover
≈ €76,000
Estimated: probably between €40,000 and €140,000
Total assets
€18,233▼ 25.7%
2023 · €24,556
Net result
-€3,641▲ 79.2%
2023 · -€17,501
Working capital
€14,323▲ 76.0%
2023 · €8,137
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€11,640
2024
20182024
Net result
-€3,641
▲ 79.2%
2024
lowest quarter of the sector
20182024
Equity
€6,010
▼ 37.7%
2024
lowest quarter of the sector
20182024
Total assets
€18,233
▼ 25.7%
2024
lowest quarter of the sector
20182024
Debt
€12,223
▼ 18.0%
2024
20182024
Working capital
€14,323
▲ 76.0%
2024
middle half of the sector
20182024
Solvency
33.0%
▼ 6.3pp
2024
middle half of the sector
20182024
Current ratio
4.73
▲ 1.12
2024
highest quarter of the sector
20182024
Return on assets (ROA)
-20.0%
▲ 51.3pp
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€31,004-€3,399▼ 89.0%€4,454▲ 31.0%-€972€944-€16,283€11,640
Net result€21,452-€2,155▼ 90.0%-€6,644below the sector's middle half-€2,184below the sector's middle half▲ 67.1%-€985below the sector's middle half▲ 54.9%-€17,501below the sector's middle half▼ 1,677%-€3,641below the sector's middle half▲ 79.2%
Equity€34,810-€36,965▲ 6.2%€30,321within the sector's middle half▼ 18.0%€28,137within the sector's middle half▼ 7.2%€27,152within the sector's middle half▼ 3.5%€9,651below the sector's middle half▼ 64.5%€6,010below the sector's middle half▼ 37.7%
Total assets€42,203-€43,593▲ 3.3%€31,694below the sector's middle half▼ 27.3%€28,137below the sector's middle half▼ 11.2%€44,631below the sector's middle half▲ 58.6%€24,556below the sector's middle half▼ 45.0%€18,233below the sector's middle half▼ 25.7%
Debt€7,393-€6,628▼ 10.3%€1,373▼ 79.3%€17,479€14,905▼ 14.7%€12,223▼ 18.0%
Working capital€38,270-€37,733▼ 1.4%€30,144within the sector's middle half▼ 20.1%€8,137within the sector's middle half€14,323within the sector's middle half▲ 76.0%
Solvency82.5%-84.8%▲ 2.3pp95.7%above the sector's middle half▲ 10.9pp100.0%above the sector's middle half▲ 4.3pp60.8%within the sector's middle half▼ 39.2pp39.3%within the sector's middle half▼ 21.5pp33.0%within the sector's middle half▼ 6.3pp
Current ratio14.58-8.18▼ 6.4022.95above the sector's middle half▲ 14.773.61within the sector's middle half4.73above the sector's middle half▲ 1.12
Return on assets (ROA)50.8%-4.9%▼ 45.9pp-21.0%below the sector's middle half▼ 25.9pp-7.8%below the sector's middle half▲ 13.2pp-2.2%below the sector's middle half▲ 5.6pp-71.3%below the sector's middle half▼ 69.1pp-20.0%below the sector's middle half▲ 51.3pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 a profit of €11,640, after a loss of €16,283 in 2023. It is the highest result since 2020.
Turnover and EBIT margin are not published. The 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 €18,233
Fixed assets
€70 ▼ 99.5%
Current assets
€18,163 ▲ 61.5%
Equity and liabilities €18,233
Equity
€6,010 ▼ 37.7%
Debt
€12,223 ▼ 18.0%
Debt's share of the balance-sheet total rises from 60.7% to 67.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
2.03▲
2023 · 1.54
ROE
-60.6%▲
2023 · -181.3%
Debt ≤ 1 year
€3,840▲
2023 · €3,112
Debt > 1 year
€8,383▼
2023 · €11,793
Income taxes
€1,686▲
2023 · €251
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €26,474 | - | - |
| Depreciation and write-downs of the year | €107 | €6,619 | €6,619 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,581 | €509 | €429 | €107 | €6,619 | €6,619 | - | - |
| Other operating charges640/8 | - | - | - | €974 | €1,253 | €921 | €236 | ▼ 74.4% |
| Gross operating margin9900 | €33,060 | €4,485 | €5,483 | €109 | €8,816 | -€8,743 | €11,876 | - |
| Operating profit (loss)9901 | €31,004 | €3,399 | €4,454 | -€972 | €944 | -€16,283 | €11,640 | - |
| Financial charges65/66B | - | - | - | €145 | €398 | €967 | €13,595 | ▲ 14× |
| Recurring financial charges65 | €281 | €700 | €735 | €145 | €398 | €967 | €358 | ▼ 63.0% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €13,237 | - |
| Profit (loss) for the period before taxes9903 | €30,723 | €2,699 | €3,719 | -€1,117 | €546 | -€17,250 | -€1,955 | ▲ 88.7% |
| Income taxes67/77 | €9,271 | €544 | €10,363 | €1,067 | €1,531 | €251 | €1,686 | ▲ 572% |
| Profit (loss) for the period9904 | €21,452 | €2,155 | -€6,644 | -€2,184 | -€985 | -€17,501 | -€3,641 | ▲ 79.2% |
| Profit (loss) for the period to be appropriated9905 | €21,452 | €2,155 | -€6,644 | -€2,184 | -€985 | -€17,501 | -€3,641 | ▲ 79.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €42,203 | €43,593 | €31,694 | €28,137 | €44,631 | €24,556 | €18,233 | ▼ 25.7% |
| Fixed assets21/28 | €1,115 | €606 | €177 | €70 | €19,926 | €13,307 | €70 | ▼ 99.5% |
| Tangible fixed assets22/27 | €1,045 | €536 | €107 | - | €19,856 | €13,237 | - | - |
| Furniture and vehicles24 | - | - | - | - | €19,856 | €13,237 | - | - |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €70 | €70 | €70 | = |
| Current assets29/58 | €41,088 | €42,987 | €31,517 | €28,067 | €24,705 | €11,249 | €18,163 | ▲ 61.5% |
| Amounts receivable within one year40/41 | €26,451 | €33,932 | €25,806 | €22,352 | €18,048 | €10,552 | €17,181 | ▲ 62.8% |
| Trade receivables40 | - | - | - | €7,345 | €7,596 | €6,173 | €16,236 | ▲ 163% |
| Other amounts receivable41 | - | - | - | €15,007 | €10,452 | €4,379 | €945 | ▼ 78.4% |
| Current investments50/53 | €10,184 | €9,055 | €5,711 | €5,715 | €6,657 | €697 | - | - |
| Cash at bank and in hand54/58 | - | - | - | - | - | - | €982 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €42,203 | €43,593 | €31,694 | €28,137 | €44,631 | €24,556 | €18,233 | ▼ 25.7% |
| Equity10/15 | €34,810 | €36,965 | €30,321 | €28,137 | €27,152 | €9,651 | €6,010 | ▼ 37.7% |
| Contributions10/11 | €6,700 | €6,700 | €6,700 | €6,700 | €6,700 | €6,700 | €6,700 | = |
| Capital10 | - | - | - | €6,700 | €6,700 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | €11,900 | €11,900 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €6,700 | €6,700 | = |
| Share premium1100/10 | - | - | - | - | - | €6,700 | €6,700 | = |
| Reserves13 | €1,450 | €1,450 | €1,450 | €1,450 | €1,450 | €1,450 | €1,450 | = |
| Non-distributable reserves130/1 | - | - | - | €1,450 | €1,450 | €1,450 | €1,450 | = |
| Legal reserve130 | - | - | - | €1,450 | €1,450 | €1,450 | €1,450 | = |
| Profit (loss) carried forward14 | €26,660 | €28,815 | €22,171 | €19,987 | €19,002 | €1,501 | -€2,140 | - |
| Amounts payable17/49 | €7,393 | €6,628 | €1,373 | - | €17,479 | €14,905 | €12,223 | ▼ 18.0% |
| Amounts payable after more than one year17 | €4,575 | €1,374 | - | - | €17,479 | €11,793 | €8,383 | ▼ 28.9% |
| Financial debts170/4 | - | - | - | - | €17,479 | €11,793 | €8,383 | ▼ 28.9% |
| Amounts payable within one year42/48 | €2,818 | €5,254 | €1,373 | - | - | €3,112 | €3,840 | ▲ 23.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €2,988 | €3,840 | ▲ 28.5% |
| Trade debts44 | - | €2,054 | - | - | - | €124 | - | - |
| Suppliers440/4 | - | - | - | - | - | €124 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,452 | €2,155 | -€6,644 | -€2,184 | -€985 | -€17,501 | -€3,641 | ▲ 79.2% |
| + Depreciation and write-downs630 | €1,581 | €509 | €429 | €107 | €6,619 | €6,619 | - | - |
| Operating cash flow (approximation) | €23,033 | €2,664 | -€6,215 | -€2,077 | €5,634 | -€10,882 | -€3,641 | ▲ 66.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€26,475 | €0 | €13,237 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as PERSPECTIF has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
88.1%
was still going
9.8%
stopped otherwise
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PERSPECTIF itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for PERSPECTIF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 07-07-2025 | 2025-00234923 | |
| 31-12-2023 | micro format | 31-05-2024 | 2024-00102767 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00121588 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20088927 | |
| 31-12-2020 | micro format | 25-07-2021 | 2021-40400418 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38500080 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-23500594 | |
| 31-12-2017 | micro format | 24-06-2018 | 2018-22100542 | |
| 31-12-2016 | full format | 26-06-2017 | 2017-22200592 | |
| 31-12-2015 | full format | 31-07-2016 | 2016-39000132 |