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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 30-09-2024 PDF all 2 filings
Turnover
€323,530▲ 12.5%
2022 · €287,614
EBIT margin
18.1%▲ 9.0pp
2022 · 9.1%
Net result
€34,226▲ 65.7%
2022 · €20,657
Working capital
-€40,152
2022 · €9,465
Multi-year overview
2022 to 2023, 2 financial yearsTurnover
€323,530
▲ 12.5%
2023
20222023
Operating result
€58,718
▲ 123%
2023
20222023
Net result
€34,226
▲ 65.7%
2023
highest quarter of the sector
20222023
EBIT margin
18.1%
▲ 9.0pp
2023
20222023
Equity
€42,883
▲ 39.9%
2023
middle half of the sector
20222023
Total assets
€158,249
▲ 161%
2023
middle half of the sector
20222023
Debt
€115,366
▲ 285%
2023
20222023
Working capital
-€40,152
2023
lowest quarter of the sector
20222023
Solvency
27.1%
▼ 23.5pp
2023
middle half of the sector
20222023
Current ratio
0.65
▼ 0.66
2023
middle half of the sector
20222023
Return on assets (ROA)
21.6%
▼ 12.4pp
2023
highest quarter of the sector
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Turnover€287,614-€323,530▲ 12.5%
Operating result€26,314-€58,718▲ 123%
Net result€20,657within the sector's middle half-€34,226above the sector's middle half▲ 65.7%
EBIT margin9.1%-18.1%▲ 9.0pp
Equity€30,657within the sector's middle half-€42,883within the sector's middle half▲ 39.9%
Total assets€60,634below the sector's middle half-€158,249within the sector's middle half▲ 161%
Debt€29,977-€115,366▲ 285%
Working capital€9,465within the sector's middle half--€40,152below the sector's middle half
Solvency50.6%within the sector's middle half-27.1%within the sector's middle half▼ 23.5pp
Current ratio1.32within the sector's middle half-0.65within the sector's middle half▼ 0.66
Return on assets (ROA)34.1%above the sector's middle half-21.6%above the sector's middle half▼ 12.4pp
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). 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 2023 is 123% higher than in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €158,249
Fixed assets
€83,035 ▲ 292%
Current assets
€75,214 ▲ 90.7%
Equity and liabilities €158,249
Equity
€42,883 ▲ 39.9%
Debt
€115,366 ▲ 285%
Debt's share of the balance-sheet total rises from 49.4% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,887▲
2022 · €31,318
Cash flow
€42,394▲
2022 · €25,661
Debt to equity
2.69▲
2022 · 0.98
ROE
79.8%▲
2022 · 67.4%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€115,366▲
2022 · €29,977
Income taxes
€25,189▲
2022 · €5,813
Customer credit
20 days▼
2022 · 27 days
Supplier credit
17 days▲
2022 · 13 days
Staff costs
€166,162▲
2022 · €86,709
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €287,614 | €323,530 | ▲ 12.5% |
| Goods, raw materials, services and sundry goods60/61 | €166,054 | €88,679 | ▼ 46.6% |
| Remuneration, social security and pensions62 | €86,709 | €166,162 | ▲ 91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,004 | €8,169 | ▲ 63.2% |
| Other operating charges640/8 | €3,533 | €1,801 | ▼ 49.0% |
| Gross operating margin9900 | €121,560 | €234,851 | ▲ 93.2% |
| Operating profit (loss)9901 | €26,314 | €58,718 | ▲ 123% |
| Financial income75/76B | €211 | €971 | ▲ 361% |
| Recurring financial income75 | €211 | €971 | ▲ 361% |
| Financial charges65/66B | €55 | €275 | ▲ 398% |
| Recurring financial charges65 | €55 | €275 | ▲ 398% |
| Profit (loss) for the period before taxes9903 | €26,470 | €59,414 | ▲ 124% |
| Income taxes67/77 | €5,813 | €25,189 | ▲ 333% |
| Profit (loss) for the period9904 | €20,657 | €34,226 | ▲ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €20,657 | €34,226 | ▲ 65.7% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,634 | €158,249 | ▲ 161% |
| Fixed assets21/28 | €21,192 | €83,035 | ▲ 292% |
| Tangible fixed assets22/27 | €21,192 | €83,035 | ▲ 292% |
| Plant, machinery and equipment23 | €3,397 | €4,543 | ▲ 33.8% |
| Furniture and vehicles24 | €17,795 | €78,491 | ▲ 341% |
| Current assets29/58 | €39,442 | €75,214 | ▲ 90.7% |
| Amounts receivable within one year40/41 | €27,580 | €48,303 | ▲ 75.1% |
| Trade receivables40 | €21,407 | €17,310 | ▼ 19.1% |
| Other amounts receivable41 | €6,173 | €30,993 | ▲ 402% |
| Cash at bank and in hand54/58 | €11,862 | €26,911 | ▲ 127% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,634 | €158,249 | ▲ 161% |
| Equity10/15 | €30,657 | €42,883 | ▲ 39.9% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | = |
| Issued capital100 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €20,657 | €32,883 | ▲ 59.2% |
| Amounts payable17/49 | €29,977 | €115,366 | ▲ 285% |
| Amounts payable within one year42/48 | €29,977 | €115,366 | ▲ 285% |
| Current portion of amounts payable after more than one year42 | - | €65,769 | - |
| Trade debts44 | €5,806 | €4,082 | ▼ 29.7% |
| Suppliers440/4 | €5,806 | €4,082 | ▼ 29.7% |
| Taxes, remuneration and social security45 | €24,171 | €45,514 | ▲ 88.3% |
| Taxes450/3 | €16,139 | €32,080 | ▲ 98.8% |
| Remuneration and social security454/9 | €8,032 | €13,434 | ▲ 67.3% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,657 | €34,226 | ▲ 65.7% |
| + Depreciation and write-downs630 | €5,004 | €8,169 | ▲ 63.2% |
| Operating cash flow (approximation) | €25,661 | €42,394 | ▲ 65.2% |
| Investment in fixed assets (approximation) | - | -€70,012 | - |
| Change in cash | - | €15,048 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.