Référence Placard
ActiveSummary
Référence Placard has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 4352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-13
Solvency62▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.92 in 2023; short-term debt: 50.6% and cash: 23.7% of total assets), but 63.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.8%
Return on assets
-29.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-21k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
42 d early
2022
56 d early
2021
52 d early
2020
25 d early
2019
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€26k▼ 44.6%
2023 · €46k
2018: €-555lowest in 7 years
2019: €12k▲ +2325% vs 2018
2020: €58k▲ +367% vs 2019
2021: €80k▲ +39.3% vs 2020highest in 7 years
2022: €53k▼ -34.3% vs 2021
2023: €46k▼ -11.9% vs 2022
2024: €26k▼ -44.6% vs 2023
2018 → 2024
Total assets
€70k▼ 27.7%
2023 · €97k
2018: €66klowest in 7 years
2019: €86k▲ +30.1% vs 2018
2020: €122k▲ +42.4% vs 2019
2021: €155k▲ +26.9% vs 2020highest in 7 years
2022: €112k▼ -27.5% vs 2021
2023: €97k▼ -13.9% vs 2022
2024: €70k▼ -27.7% vs 2023
2018 → 2024
Net result
€-21k▼ 350%
2023 · €-5k
2018: €-9k
2019: €13k▲ +243% vs 2018
2020: €45k▲ +251% vs 2019highest in 7 years
2021: €20k▼ -55.1% vs 2020
2022: €-28k▼ -236% vs 2021lowest in 7 years
2023: €-5k▲ +83.3% vs 2022
2024: €-21k▼ -350% vs 2023
2018 → 2024
Working capital
€33k▼ 46.0%
2023 · €62k
2018: €-4klowest in 7 years
2019: €18k▲ +575% vs 2018
2020: €65k▲ +250% vs 2019
2021: €93k▲ +43.9% vs 2020highest in 7 years
2022: €58k▼ -37.9% vs 2021
2023: €62k▲ +6.9% vs 2022
2024: €33k▼ -46.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€58k-€80k▲ 39.3%€53k▼ 34.3%€46k▼ 11.9%€26k▼ 44.6%
2020: €58k
2021: €80k▲ +39.3% vs 2020highest in 5 years
2022: €53k▼ -34.3% vs 2021
2023: €46k▼ -11.9% vs 2022
2024: €26k▼ -44.6% vs 2023lowest in 5 years
Operating result€64k-€29k▼ 54.9%€-27k€-4k▲ 83.9%€-20k▼ 375%
2020: €64khighest in 5 years
2021: €29k▼ -54.9% vs 2020
2022: €-27k▼ -194% vs 2021lowest in 5 years
2023: €-4k▲ +83.9% vs 2022
2024: €-20k▼ -375% vs 2023
Net result€45k-€20k▼ 55.1%€-28k€-5k▲ 83.3%€-21k▼ 350%
2020: €45khighest in 5 years
2021: €20k▼ -55.1% vs 2020
2022: €-28k▼ -236% vs 2021lowest in 5 years
2023: €-5k▲ +83.3% vs 2022
2024: €-21k▼ -350% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2024 against €4k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70k
Fixed assets
€1k ▼ 57.7%
Current assets
€69k ▼ 26.9%
Equity and liabilities €70k
Equity
€26k ▼ 44.6%
Debt
€44k ▼ 12.1%
Debt's share of the balance-sheet total rises from 51.9% to 63.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▼
2023 · €-1k
Cash flow
€-19k▼
2023 · €-2k
Current ratio
1.94▼
2023 · 2.92
Quick ratio
0.84▼
2023 · 2.33
Debt to equity
1.72▲
2023 · 1.08
ROE
-80.6%▼
2023 · -9.9%
ROA
-29.7%▼
2023 · -4.8%
Interest coverage
-67.49▼
2023 · -4.28
Debt ≤ 1 year
€35k▲
2023 · €32k
Staff costs
€60k▲
2023 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€97k€70k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€2k€635▼
Furniture and vehicles24€1k€422▼
Other tangible fixed assets26€1k€213▼
Financial fixed assets28€492€492=
Current assets29/58€94k€69k▼
Stocks and contracts in progress3€19k€39k▲
Stocks30/36€19k€39k▲
Amounts receivable within one year40/41€35k€13k▼
Trade receivables40€19k€5k▼
Other amounts receivable41€16k€8k▼
Cash at bank and in hand54/58€40k€17k▼
Equity and liabilities
Total equity and liabilities10/49€97k€70k▼
Equity10/15€46k€26k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€26k€6k▼
Amounts payable17/49€50k€44k▼
Amounts payable within one year42/48€32k€35k▲
Financial debts43€852€849▼
Credit institutions430/8€852€849▼
Trade debts44€24k€31k▲
Suppliers440/4€24k€31k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€250€246▼
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48€305€576▲
Accrued charges and deferred income492/3€18k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62€56k€60k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€2k€200▼
Gross operating margin9900€57k€41k▼
Operating profit (loss)9901€-4k€-20k▼
Financial income75/76B€0€27▲
Recurring financial income75€0€27▲
Financial charges65/66B€297€281▼
Recurring financial charges65€297€281▼
Profit (loss) for the period before taxes9903€-5k€-21k▼
Profit (loss) for the period9904€-5k€-21k▼
Profit (loss) for the period to be appropriated9905€-5k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€6k▼
Profit (loss) brought forward from the previous period14P€33k€26k▼
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €54k | €58k | €56k | €60k | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €3k | €2k | ▼ 49.5% |
| Other operating charges640/8 | - | €1k | €200 | €2k | €200 | ▼ 91.0% |
| Gross operating margin9900 | €118k | €87k | €34k | €57k | €41k | ▼ 28.8% |
| Operating profit (loss)9901 | €64k | €29k | €-27k | €-4k | €-20k | ▼ 375% |
| Financial income75/76B | - | €20 | €1 | €0 | €27 | ▲ 268,000% |
| Recurring financial income75 | €0 | €20 | €1 | €0 | €27 | ▲ 268,000% |
| Financial charges65/66B | - | €223 | €700 | €297 | €281 | ▼ 5.3% |
| Recurring financial charges65 | €606 | €223 | €700 | €297 | €281 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €63k | €28k | €-28k | €-5k | €-21k | ▼ 350% |
| Income taxes67/77 | €18k | €8k | - | - | - | - |
| Profit (loss) for the period9904 | €45k | €20k | €-28k | €-5k | €-21k | ▼ 350% |
| Profit (loss) for the period to be appropriated9905 | €45k | €20k | €-28k | €-5k | €-21k | ▼ 350% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €155k | €112k | €97k | €70k | ▼ 27.7% |
| Fixed assets21/28 | €8k | €7k | €6k | €3k | €1k | ▼ 57.7% |
| Tangible fixed assets22/27 | €8k | €6k | €5k | €2k | €635 | ▼ 70.7% |
| Furniture and vehicles24 | - | €742 | €2k | €1k | €422 | ▼ 58.1% |
| Other tangible fixed assets26 | - | €6k | €3k | €1k | €213 | ▼ 81.7% |
| Financial fixed assets28 | €492 | €492 | €492 | €492 | €492 | = |
| Current assets29/58 | €114k | €148k | €107k | €94k | €69k | ▼ 26.9% |
| Stocks and contracts in progress3 | €19k | €23k | €14k | €19k | €39k | ▲ 105% |
| Stocks30/36 | - | €23k | €14k | €19k | €39k | ▲ 105% |
| Amounts receivable within one year40/41 | €8k | €23k | €23k | €35k | €13k | ▼ 62.2% |
| Trade receivables40 | - | €18k | €2k | €19k | €5k | ▼ 74.3% |
| Other amounts receivable41 | - | €6k | €21k | €16k | €8k | ▼ 47.4% |
| Cash at bank and in hand54/58 | €86k | €101k | €68k | €40k | €17k | ▼ 58.8% |
| Deferred charges and accrued income490/1 | - | €688 | €2k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €155k | €112k | €97k | €70k | ▼ 27.7% |
| Equity10/15 | €58k | €80k | €53k | €46k | €26k | ▼ 44.6% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €38k | €60k | €33k | €26k | €6k | ▼ 78.3% |
| Amounts payable17/49 | €64k | €75k | €60k | €50k | €44k | ▼ 12.1% |
| Amounts payable within one year42/48 | €49k | €55k | €49k | €32k | €35k | ▲ 9.8% |
| Financial debts43 | - | €5k | €3k | €852 | €849 | ▼ 0.4% |
| Credit institutions430/8 | - | €5k | €3k | €852 | €849 | ▼ 0.4% |
| Trade debts44 | €11k | €32k | €43k | €24k | €31k | ▲ 26.9% |
| Suppliers440/4 | - | €32k | €43k | €24k | €31k | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | €18k | €3k | €7k | €3k | ▼ 55.0% |
| Taxes450/3 | - | €16k | - | €250 | €246 | ▼ 1.5% |
| Remuneration and social security454/9 | - | €3k | €3k | €6k | €3k | ▼ 57.1% |
| Other amounts payable47/48 | - | - | - | €305 | €576 | ▲ 88.8% |
| Accrued charges and deferred income492/3 | - | €19k | €11k | €18k | €9k | ▼ 51.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €20k | €-28k | €-5k | €-21k | ▼ 350% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €3k | €2k | ▼ 49.5% |
| Operating cash flow (approximation) | €47k | €23k | €-25k | €-2k | €-19k | ▼ 1,125% |
| Investment in fixed assets (approximation) | - | €-1k | €-2k | €0 | €0 | - |
| Change in cash | - | €15k | €-33k | €-28k | €-24k | ▲ 14.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €45k ▲251%
Operating result €64k, net result €45k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2014
Ground area
1,131 m²
Building footprint
335 m²
Volume, LiDAR
5,982 m³
Parcel 62302B0145/00E007, Wallonia · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
REFERENCE PLACARD
since 20142.232.257.238
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302B0145/00E007 | Wallonia | 1,131 m² | 1 · 335 m² | 20.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,839 companies in sector 74111 we hold annual accounts for 1,006. 524 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Contact
E-mail
alain@referenceplacard.beLiège
Phone
0496/524.880Liège
Scores and ratios are computed by Checked and are not a credit decision.