RED BOURBON
InactiveFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 1 day after the deadline Filed on 1 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00348553.
Annual accounts 2024 filed on 01-08-2025 PDF all 12 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €380,000
Estimated: probably between €230,000 and €710,000
Total assets
€490,673▼ 3.7%
2023 · €509,516
Net result
€4,585
2023 · -€8,108
Working capital
-€77,515▼ 0.8%
2023 · -€76,938
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a profit of €9,451, after a loss of €652 in 2023.
Operating result€9,451
2024
Net result€4,585
2024
Total assets€490,673
2024
Equity€147,010
2024
Debt€343,663
2024
Working capital-€77,515
2024
Staff (FTE)7.4
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€831--€31,927€43,457€41,853▼ 3.7%-€118,667-€652▲ 99.5%€9,451
Net result-€10,094--€35,171▼ 248%€37,974€40,404▲ 6.4%-€125,751-€8,108▲ 93.6%€4,585
Equity€233,077-€197,906▼ 15.1%€235,880▲ 19.2%€276,284▲ 17.1%€150,533▼ 45.5%€142,425▼ 5.4%€147,010▲ 3.2%
Total assets€754,792-€695,373▼ 7.9%€607,209▼ 12.7%€593,741▼ 2.2%€476,887▼ 19.7%€509,516▲ 6.8%€490,673▼ 3.7%
Debt€521,714-€497,467▼ 4.6%€371,329▼ 25.4%€317,457▼ 14.5%€326,354▲ 2.8%€367,091▲ 12.5%€343,663▼ 6.4%
Working capital-€7,725--€10,546▼ 36.5%-€1,303▲ 87.6%-€79,757▼ 6,020%-€40,288▲ 49.5%-€76,938▼ 91.0%-€77,515▼ 0.8%
Staff (FTE)8.4-8▼ 4.8%8.1▲ 1.3%7.4▼ 8.6%7.4=7.4=7.4=
Turnover and EBIT margin are not published. The abbreviated 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 €490,673
Fixed assets
€339,874 ▼ 4.8%
Current assets
€150,799 ▼ 1.0%
Equity and liabilities €490,673
Equity
€147,010 ▲ 3.2%
Debt
€343,663 ▼ 6.4%
Debt's share of the balance-sheet total falls from 72.0% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,762▲
2023 · €16,659
Cash flow
€21,895▲
2023 · €9,202
Current ratio
0.66▼
2023 · 0.66
Quick ratio
0.54▼
2023 · 0.55
Debt to equity
2.34▼
2023 · 2.58
ROE
3.1%▲
2023 · -5.7%
ROA
0.9%▲
2023 · -1.6%
Interest coverage
5.49▲
2023 · 2.22
Debt ≤ 1 year
€228,315▼
2023 · €229,270
Debt > 1 year
€105,759▼
2023 · €128,225
Income taxes
€0▼
2023 · €14
Staff costs
€107,898▲
2023 · €97,317
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 2 | 2 | 1 |
| full-time | 7 | 2 | 2 | 1 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 7 | 2 | 2 | 1 |
| Average over the year, in full-time equivalents | 7.4 | 3.8 | 1.8 | 1.5 |
| On a permanent contract | 7 | 2 | 2 | 1 |
| Joined | 4 | 2 | 1 | 0 |
| Left | 5 | 7 | 1 | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €114,006 | - | - | - |
| Pledge on other assets, amount secured | €114,006 | €114,006 | €114,006 | €114,006 |
| Carrying value of the other pledged assets | €425,000 | €210,000 | €210,000 | €210,000 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €158,907 | €14,200 | - |
| Depreciation and write-downs of the year | €32,542 | €8,612 | €17,311 | €17,311 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €163,573 | €172,847 | €97,317 | €107,898 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,002 | €51,323 | €47,471 | €32,542 | €8,612 | €17,311 | €17,311 | = |
| Other operating charges640/8 | - | - | - | €16,714 | €11,243 | €23,755 | €14,900 | ▼ 37.3% |
| Non-recurring operating charges66A | - | - | - | - | €32,679 | €0 | - | - |
| Gross operating margin9900 | €388,894 | €359,501 | €314,227 | €254,682 | €106,713 | €137,731 | €149,560 | ▲ 8.6% |
| Operating profit (loss)9901 | €831 | -€31,927 | €43,457 | €41,853 | -€118,667 | -€652 | €9,451 | - |
| Financial income75/76B | - | - | - | €4,429 | €506 | €71 | €7 | ▼ 90.2% |
| Recurring financial income75 | €3,001 | €722 | €1,088 | €4,429 | €506 | €71 | €7 | ▼ 90.2% |
| Financial charges65/66B | - | - | - | €5,879 | €7,589 | €7,513 | €4,874 | ▼ 35.1% |
| Recurring financial charges65 | €8,119 | €7,973 | €6,571 | €5,879 | €7,589 | €7,513 | €4,874 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | -€4,287 | -€39,178 | €37,974 | €40,404 | -€125,751 | -€8,095 | €4,585 | - |
| Income taxes67/77 | €5,807 | -€4,006 | €0 | - | - | €14 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€10,094 | -€35,171 | €37,974 | €40,404 | -€125,751 | -€8,108 | €4,585 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,094 | -€35,171 | €37,974 | €40,404 | -€125,751 | -€8,108 | €4,585 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €754,792 | €695,373 | €607,209 | €593,741 | €476,887 | €509,516 | €490,673 | ▼ 3.7% |
| Formation expenses20 | €2,884 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €586,224 | €541,585 | €495,221 | €462,679 | €360,295 | €357,184 | €339,874 | ▼ 4.8% |
| Intangible fixed assets21 | €4,056 | €2,028 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €582,168 | €539,557 | €495,221 | €462,679 | €360,295 | €357,184 | €339,874 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €26,381 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €97 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €436,201 | €360,295 | €357,184 | €339,874 | ▼ 4.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €165,683 | €153,788 | €111,988 | €131,062 | €116,592 | €152,332 | €150,799 | ▼ 1.0% |
| Stocks and contracts in progress3 | €29,387 | €29,812 | €24,990 | €26,242 | €19,081 | €26,889 | €26,888 | = |
| Stocks30/36 | - | - | - | €26,242 | €19,081 | €26,889 | €26,888 | = |
| Amounts receivable within one year40/41 | €55,424 | €39,864 | €32,858 | €12,614 | €22,697 | €65,241 | €83,084 | ▲ 27.4% |
| Trade receivables40 | - | - | - | €2,617 | €574 | €50,186 | €68,043 | ▲ 35.6% |
| Other amounts receivable41 | - | - | - | €9,996 | €22,123 | €15,055 | €15,042 | ▼ 0.1% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €73,877 | €76,858 | €47,646 | €83,910 | €69,909 | €55,156 | €35,780 | ▼ 35.1% |
| Deferred charges and accrued income490/1 | - | - | - | €8,297 | €4,905 | €5,046 | €5,046 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €754,792 | €695,373 | €607,209 | €593,741 | €476,887 | €509,516 | €490,673 | ▼ 3.7% |
| Equity10/15 | €233,077 | €197,906 | €235,880 | €276,284 | €150,533 | €142,425 | €147,010 | ▲ 3.2% |
| Contributions10/11 | €230,000 | €230,000 | - | €230,000 | €230,000 | €230,000 | €230,000 | = |
| Reserves13 | €659 | €659 | €659 | €659 | €659 | €659 | €659 | = |
| Non-distributable reserves130/1 | - | - | - | €659 | €659 | €659 | €659 | = |
| Reserves not available under the articles1311 | - | - | - | €659 | €659 | €659 | €659 | = |
| Profit (loss) carried forward14 | €2,419 | -€32,753 | €5,221 | €45,625 | -€80,125 | -€88,234 | -€83,649 | ▲ 5.2% |
| Amounts payable17/49 | €521,714 | €497,467 | €371,329 | €317,457 | €326,354 | €367,091 | €343,663 | ▼ 6.4% |
| Amounts payable after more than one year17 | €336,525 | €321,959 | €250,548 | €99,148 | €161,984 | €128,225 | €105,759 | ▼ 17.5% |
| Financial debts170/4 | - | - | - | €49,148 | €111,984 | €78,225 | €55,759 | ▼ 28.7% |
| Other amounts payable178/9 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €173,408 | €164,335 | €113,291 | €210,820 | €156,881 | €229,270 | €228,315 | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €64,858 | €32,995 | €33,758 | €22,466 | ▼ 33.4% |
| Financial debts43 | - | - | - | - | €5,235 | €3,361 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €5,235 | €3,361 | €0 | ▼ 100% |
| Trade debts44 | €51,733 | €56,310 | €27,808 | €106,865 | €53,700 | €127,841 | €121,287 | ▼ 5.1% |
| Suppliers440/4 | - | - | - | €106,865 | €53,700 | €127,841 | €121,287 | ▼ 5.1% |
| Taxes, remuneration and social security45 | - | - | - | €37,609 | €14,993 | €14,352 | €35,411 | ▲ 147% |
| Taxes450/3 | - | - | - | €3,965 | €2,675 | €2,675 | €15,884 | ▲ 494% |
| Remuneration and social security454/9 | - | - | - | €33,645 | €12,318 | €11,677 | €19,527 | ▲ 67.2% |
| Other amounts payable47/48 | - | - | - | €1,487 | €49,957 | €49,957 | €49,150 | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | - | - | €7,490 | €7,490 | €9,596 | €9,590 | ▼ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,094 | -€35,171 | €37,974 | €40,404 | -€125,751 | -€8,108 | €4,585 | - |
| + Depreciation and write-downs630 | €52,002 | €51,323 | €47,471 | €32,542 | €8,612 | €17,311 | €17,311 | = |
| Operating cash flow (approximation) | €41,907 | €16,152 | €85,445 | €72,946 | -€117,139 | €9,202 | €21,895 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€6,684 | -€1,107 | €0 | €93,772 | -€14,200 | €0 | - |
| Change in cash | - | €2,980 | -€29,212 | €36,264 | -€14,000 | -€14,753 | -€19,375 | ▼ 31.3% |
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 |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 01-08-2025 | 2025-00348553 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00445371 | |
| 31-12-2022 | abbreviated format | 14-08-2023 | 2023-00327199 | |
| 31-12-2021 | abbreviated format | 21-12-2022 | 2022-20541822 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43900328 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-67600012 | |
| 31-12-2018 | abbreviated format | 26-08-2019 | 2019-51300448 | |
| 31-12-2017 | abbreviated format | 30-04-2018 | 2018-11700006 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-34000276 | |
| 31-12-2015 | abbreviated format | 16-08-2016 | 2016-44300463 |