PMF
InactiveFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 30-04-2025 PDF all 36 filings
Turnover
≈ €550,000
Estimated: probably between €390,000 and €800,000
Total assets
€272,227▲ 187%
2023 · €94,979
Net result
€194,657▲ 17×
2023 · €11,717
Working capital
€254,789▲ 801%
2023 · €28,286
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€272,246
▲ 19×
2024
20192024
Net result
€194,657
▲ 17×
2024
20192024
Equity
€254,092
▲ 181%
2024
20192024
Total assets
€272,227
▲ 187%
2024
20192024
Debt
€18,135
▲ 298%
2024
20192024
Working capital
€254,789
▲ 801%
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€10,323-€8,828▼ 14.5%€7,183▼ 18.6%€7,016▼ 2.3%€14,450▲ 106%€272,246▲ 19×
Net result€60,901-€7,942▼ 87.0%€5,264▼ 33.7%€5,332▲ 1.3%€11,717▲ 120%€194,657▲ 17×
Equity€149,167-€68,109▼ 54.3%€73,372▲ 7.7%€78,704▲ 7.3%€90,421▲ 14.9%€254,092▲ 181%
Total assets€185,198-€83,756▼ 54.8%€79,175▼ 5.5%€81,880▲ 3.4%€94,979▲ 16.0%€272,227▲ 187%
Debt€36,031-€15,648▼ 56.6%€5,803▼ 62.9%€3,175▼ 45.3%€4,557▲ 43.5%€18,135▲ 298%
Working capital€65,454--€8,316€423€15,368▲ 36×€28,286▲ 84.1%€254,789▲ 801%
The operating result for 2024 is nearly 19 times that of 2023 and the highest since 2020. It is the second rise in a row, after the fall in 2022.
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
Equity and liabilities €272,227
Equity
€254,092 ▲ 181%
Debt
€18,135 ▲ 298%
Debt's share of the balance-sheet total rises from 4.8% to 6.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
15.61▲
2023 · 8.07
Debt to equity
0.07▲
2023 · 0.05
ROE
76.6%▲
2023 · 13.0%
ROA
71.5%▲
2023 · 12.3%
Debt ≤ 1 year
€17,438▲
2023 · €4,001
Income taxes
€83,825▲
2023 · €3,904
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 | - | - | - | - | - | €268,295 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,034 | €5,034 | €5,978 | €7,244 | €3,323 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€154,626 | - | - | - | - |
| Other operating charges640/8 | - | - | €157,511 | €2,955 | €3,295 | €4,749 | ▲ 44.1% |
| Gross operating margin9900 | €18,547 | €16,728 | €16,047 | €17,214 | €21,068 | €276,995 | ▲ 13× |
| Operating profit (loss)9901 | €10,323 | €8,828 | €7,183 | €7,016 | €14,450 | €272,246 | ▲ 19× |
| Financial income75/76B | - | - | - | €171 | €1,239 | €6,518 | ▲ 426% |
| Recurring financial income75 | €7,267 | €2,735 | - | €171 | €1,239 | €6,518 | ▲ 426% |
| Financial charges65/66B | - | - | €70 | €32 | €69 | €282 | ▲ 311% |
| Recurring financial charges65 | €35 | €25 | €70 | €32 | €69 | €282 | ▲ 311% |
| Profit (loss) for the period before taxes9903 | €17,555 | €11,538 | €7,113 | €7,156 | €15,621 | €278,483 | ▲ 18× |
| Income taxes67/77 | €29,119 | €3,596 | €1,850 | €1,824 | €3,904 | €83,825 | ▲ 21× |
| Profit (loss) for the period9904 | €60,901 | €7,942 | €5,264 | €5,332 | €11,717 | €194,657 | ▲ 17× |
| Profit (loss) for the period to be appropriated9905 | €201,631 | €7,942 | €5,264 | €5,332 | €11,717 | €194,657 | ▲ 17× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €185,198 | €83,756 | €79,175 | €81,880 | €94,979 | €272,227 | ▲ 187% |
| Fixed assets21/28 | €84,270 | €79,236 | €73,258 | €66,015 | €62,691 | - | - |
| Tangible fixed assets22/27 | €84,270 | €79,236 | €73,258 | €66,015 | €62,691 | - | - |
| Land and buildings22 | - | - | €73,258 | €66,015 | €62,691 | - | - |
| Current assets29/58 | €100,928 | €4,520 | €5,917 | €15,865 | €32,287 | €272,227 | ▲ 743% |
| Amounts receivable within one year40/41 | €97,186 | - | €1,650 | €11,854 | €28,171 | €215,240 | ▲ 664% |
| Trade receivables40 | - | - | - | - | - | €197 | - |
| Other amounts receivable41 | - | - | €1,650 | €11,854 | €28,171 | €215,042 | ▲ 663% |
| Cash at bank and in hand54/58 | €2,742 | €1,739 | €723 | €1,389 | €148 | €56,987 | ▲ 384× |
| Deferred charges and accrued income490/1 | - | - | €3,543 | €2,621 | €3,968 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €185,198 | €83,756 | €79,175 | €81,880 | €94,979 | €272,227 | ▲ 187% |
| Equity10/15 | €149,167 | €68,109 | €73,372 | €78,704 | €90,421 | €254,092 | ▲ 181% |
| Contributions10/11 | €201,044 | - | €112,044 | €112,044 | €112,044 | €112,044 | = |
| Revaluation surpluses12 | - | - | €30,987 | €30,987 | €30,987 | - | - |
| Reserves13 | - | - | - | - | - | €142,047 | - |
| Distributable reserves133 | - | - | - | - | - | €142,047 | - |
| Profit (loss) carried forward14 | -€82,864 | -€74,922 | -€69,659 | -€64,327 | -€52,610 | - | - |
| Amounts payable17/49 | €36,031 | €15,648 | €5,803 | €3,175 | €4,557 | €18,135 | ▲ 298% |
| Amounts payable within one year42/48 | €35,474 | €12,836 | €5,494 | €497 | €4,001 | €17,438 | ▲ 336% |
| Trade debts44 | €6,354 | €2,279 | €1,984 | €348 | €448 | €3,233 | ▲ 622% |
| Suppliers440/4 | - | - | €1,984 | €348 | €448 | €3,233 | ▲ 622% |
| Taxes, remuneration and social security45 | - | - | - | €149 | €553 | €14,205 | ▲ 26× |
| Taxes450/3 | - | - | - | €149 | €553 | €14,205 | ▲ 26× |
| Other amounts payable47/48 | - | - | €3,510 | - | €3,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €309 | €2,679 | €557 | €697 | ▲ 25.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,901 | €7,942 | €5,264 | €5,332 | €11,717 | €194,657 | ▲ 17× |
| + Depreciation and write-downs630 | €5,034 | €5,034 | €5,978 | €7,244 | €3,323 | - | - |
| Operating cash flow (approximation) | €65,934 | €12,975 | €11,242 | €12,576 | €15,040 | €194,657 | ▲ 13× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | -€1,003 | -€1,016 | €666 | -€1,241 | €56,839 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | micro format | 30-04-2025 | 2025-00081909 | |
| 30-09-2023 | micro format | 25-03-2024 | 2024-00048424 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00074001 | |
| 30-09-2021 | micro format | 27-04-2022 | 2022-20009394 | |
| 30-09-2020 | micro format | 26-04-2021 | 2021-11100291 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10100399 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11300195 | |
| 30-09-2017 | micro format | 02-05-2018 | 2018-11800049 | |
| 30-09-2016 | abbreviated format | 04-04-2017 | 2017-08700507 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07800541 |