POINTBREAK
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 67 days after the deadline Filed on 6 January 2025, deadline 31 October 2024 (7 months after the close on 31 March 2024, Companies Code art. 3:10). Source: NBB, 2025-00630406.
Annual accounts 2024 filed on 06-01-2025 PDF all 12 filings
Turnover
≈ €64,000
Estimated: probably between €29,000 and €150,000
Total assets
€20,931▲ 44.7%
2023 · €14,470
Net result
€5,415▼ 12.8%
2023 · €6,213
Working capital
€17,631▲ 49.5%
2023 · €11,795
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€6,989
▼ 11.5%
2024
20192024
Net result
€5,415
▼ 12.8%
2024
middle half of the sector
20192024
Equity
€16,837
▲ 47.4%
2024
lowest quarter of the sector
20192024
Total assets
€20,931
▲ 44.7%
2024
lowest quarter of the sector
20192024
Debt
€4,094
▲ 34.3%
2024
20192024
Working capital
€17,631
▲ 49.5%
2024
middle half of the sector
20192024
Solvency
80.4%
▲ 1.5pp
2024
highest quarter of the sector
20192024
Current ratio
7.80
▼ 0.82
2024
highest quarter of the sector
20192024
Return on assets (ROA)
25.9%
▼ 17.1pp
2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result-€5,915-€5,734€7,724▲ 34.7%-€20,698€7,899€6,989▼ 11.5%
Net result-€7,341-€4,017within the sector's middle half€4,508within the sector's middle half▲ 12.2%-€22,376below the sector's middle half€6,213within the sector's middle half€5,415within the sector's middle half▼ 12.8%
Equity€19,060-€23,077within the sector's middle half▲ 21.1%€27,585within the sector's middle half▲ 19.5%€5,209below the sector's middle half▼ 81.1%€11,422below the sector's middle half▲ 119%€16,837below the sector's middle half▲ 47.4%
Total assets€24,629-€40,557below the sector's middle half▲ 64.7%€46,053below the sector's middle half▲ 13.6%€13,328below the sector's middle half▼ 71.1%€14,470below the sector's middle half▲ 8.6%€20,931below the sector's middle half▲ 44.7%
Debt€5,569-€17,480▲ 214%€18,468▲ 5.7%€8,118▼ 56.0%€3,048▼ 62.5%€4,094▲ 34.3%
Working capital€17,253-€22,001within the sector's middle half▲ 27.5%€27,459within the sector's middle half▲ 24.8%€6,033within the sector's middle half▼ 78.0%€11,795within the sector's middle half▲ 95.5%€17,631within the sector's middle half▲ 49.5%
Solvency77.4%-56.9%within the sector's middle half▼ 20.5pp59.9%within the sector's middle half▲ 3.0pp39.1%within the sector's middle half▼ 20.8pp78.9%above the sector's middle half▲ 39.9pp80.4%above the sector's middle half▲ 1.5pp
Current ratio5.24-2.38within the sector's middle half▼ 2.862.62within the sector's middle half▲ 0.241.91within the sector's middle half▼ 0.718.62above the sector's middle half▲ 6.717.80above the sector's middle half▼ 0.82
Return on assets (ROA)-29.8%-9.9%within the sector's middle half▲ 39.7pp9.8%within the sector's middle half▼ 0.1pp-167.9%below the sector's middle half▼ 177.7pp42.9%above the sector's middle half▲ 210.8pp25.9%within the sector's middle half▼ 17.1pp
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). 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 12% lower than in 2023.
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 €20,931
Fixed assets
€706 ▼ 37.3%
Current assets
€20,225 ▲ 51.6%
Equity and liabilities €20,931
Equity
€16,837 ▲ 47.4%
Debt
€4,094 ▲ 34.3%
Debt's share of the balance-sheet total falls from 21.1% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,410▼
2023 · €8,711
Cash flow
€5,836▼
2023 · €7,025
Debt to equity
0.24▼
2023 · 0.27
ROE
32.2%▼
2023 · 54.4%
Interest coverage
4.59▼
2023 · 5.38
Debt ≤ 1 year
€2,594▲
2023 · €1,548
Income taxes
€191▼
2023 · €204
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 |
|---|---|---|---|
| Tangible fixed assets | - | €1,263 | - |
| Depreciation and write-downs of the year | €950 | €812 | €421 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,372 | €1,418 | €950 | €950 | €812 | €421 | ▼ 48.2% |
| Other operating charges640/8 | - | - | - | €962 | €930 | €950 | ▲ 2.1% |
| Gross operating margin9900 | -€1,716 | €8,824 | €9,471 | -€18,787 | €9,642 | €8,360 | ▼ 13.3% |
| Operating profit (loss)9901 | -€5,915 | €5,734 | €7,724 | -€20,698 | €7,899 | €6,989 | ▼ 11.5% |
| Financial income75/76B | - | - | - | €100 | €137 | €230 | ▲ 68.0% |
| Recurring financial income75 | €175 | €721 | €97 | €100 | €137 | €230 | ▲ 68.0% |
| Financial charges65/66B | - | - | - | €1,629 | €1,620 | €1,613 | ▼ 0.4% |
| Recurring financial charges65 | €1,247 | €624 | €281 | €1,629 | €1,620 | €1,613 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | -€6,986 | €5,831 | €7,540 | -€22,228 | €6,417 | €5,606 | ▼ 12.6% |
| Income taxes67/77 | €355 | €1,814 | €3,032 | €148 | €204 | €191 | ▼ 6.2% |
| Profit (loss) for the period9904 | -€7,341 | €4,017 | €4,508 | -€22,376 | €6,213 | €5,415 | ▼ 12.8% |
| Profit (loss) for the period to be appropriated9905 | -€7,341 | €4,017 | €4,508 | -€22,376 | €6,213 | €5,415 | ▼ 12.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €24,629 | €40,557 | €46,053 | €13,328 | €14,470 | €20,931 | ▲ 44.7% |
| Fixed assets21/28 | €3,307 | €2,576 | €1,626 | €676 | €1,127 | €706 | ▼ 37.3% |
| Tangible fixed assets22/27 | €3,257 | €2,526 | €1,576 | €626 | €1,077 | €656 | ▼ 39.1% |
| Furniture and vehicles24 | - | - | - | €626 | €1,077 | €656 | ▼ 39.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €21,322 | €37,981 | €44,427 | €12,651 | €13,343 | €20,225 | ▲ 51.6% |
| Amounts receivable after more than one year29 | - | - | - | €3,932 | €5,405 | €8,935 | ▲ 65.3% |
| Trade receivables290 | - | - | - | €3,932 | €0 | - | - |
| Other amounts receivable291 | - | - | - | - | €5,405 | €8,935 | ▲ 65.3% |
| Amounts receivable within one year40/41 | €17,583 | €17,906 | €22,539 | €3,415 | €2,208 | €8,367 | ▲ 279% |
| Trade receivables40 | - | - | - | €3,409 | €424 | €6,459 | ▲ 15× |
| Other amounts receivable41 | - | - | - | €7 | €1,784 | €1,909 | ▲ 7.0% |
| Cash at bank and in hand54/58 | €3,739 | €20,075 | €17,945 | €5,106 | €5,497 | €2,923 | ▼ 46.8% |
| Deferred charges and accrued income490/1 | - | - | - | €198 | €233 | €0 | ▼ 100% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €24,629 | €40,557 | €46,053 | €13,328 | €14,470 | €20,931 | ▲ 44.7% |
| Equity10/15 | €19,060 | €23,077 | €27,585 | €5,209 | €11,422 | €16,837 | ▲ 47.4% |
| Contributions10/11 | €25,000 | - | - | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €1,401 | €1,401 | €1,401 | €1,401 | €1,401 | €1,401 | = |
| Non-distributable reserves130/1 | - | - | - | €70 | €70 | €70 | = |
| Reserves not available under the articles1311 | - | - | - | €70 | €70 | €70 | = |
| Distributable reserves133 | - | - | - | €1,331 | €1,331 | €1,331 | = |
| Profit (loss) carried forward14 | -€7,341 | -€3,324 | €1,184 | -€21,192 | -€14,979 | -€9,564 | ▲ 36.2% |
| Amounts payable17/49 | €5,569 | €17,480 | €18,468 | €8,118 | €3,048 | €4,094 | ▲ 34.3% |
| Amounts payable within one year42/48 | €4,069 | €15,980 | €16,968 | €6,618 | €1,548 | €2,594 | ▲ 67.6% |
| Financial debts43 | - | - | - | €1,062 | €0 | €94 | - |
| Credit institutions430/8 | - | - | - | €1,062 | €0 | €94 | - |
| Trade debts44 | €351 | €8,065 | €10,123 | €1,279 | €955 | €2,309 | ▲ 142% |
| Suppliers440/4 | - | - | - | €1,279 | €955 | €2,309 | ▲ 142% |
| Taxes, remuneration and social security45 | - | - | - | €698 | €593 | €191 | ▼ 67.7% |
| Taxes450/3 | - | - | - | €698 | €593 | €191 | ▼ 67.7% |
| Other amounts payable47/48 | - | - | - | €3,580 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €1,500 | €1,500 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,341 | €4,017 | €4,508 | -€22,376 | €6,213 | €5,415 | ▼ 12.8% |
| + Depreciation and write-downs630 | €2,372 | €1,418 | €950 | €950 | €812 | €421 | ▼ 48.2% |
| Operating cash flow (approximation) | -€4,970 | €5,435 | €5,458 | -€21,427 | €7,025 | €5,836 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | -€686 | €0 | €0 | -€1,263 | €0 | - |
| Change in cash | - | €16,336 | -€2,130 | -€12,839 | €391 | -€2,574 | - |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2024 | micro format | 06-01-2025 | 2025-00630406 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00499159 | |
| 31-03-2022 | micro format | 27-10-2022 | 2022-20474050 | |
| 31-03-2021 | micro format | 28-10-2021 | 2021-75700138 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72800394 | |
| 31-03-2019 | micro format | 25-09-2019 | 2019-65500067 | |
| 31-03-2018 | micro format | 05-10-2018 | 2018-68500035 | |
| 31-03-2017 | micro format | 20-10-2017 | 2017-67500143 | |
| 31-03-2016 | abbreviated format | 29-09-2016 | 2016-62000390 | |
| 31-03-2015 | abbreviated format | 29-09-2015 | 2015-60500133 |