RFACTOR
Annual accounts 2024
micro format, filed on 11-07-2025, 20 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €580,000. Estimated: probably between €380,000 and €890,000.
Balance sheet
balance sheet total €421,874 on 31-12-2024Change in equityin euro
Change in cashin euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
421,874 | 195,045 | |
Formation expenses20 |
0 | 221 | |
Fixed assets21/28 |
101,385 | 5,979 | |
Tangible fixed assets22/27 |
101,385 | 5,979 | |
Furniture and vehicles24 |
101,385 | 5,979 | |
Current assets29/58 |
320,489 | 188,844 | |
Amounts receivable within one year40/41 |
257,878 | 121,400 | |
Trade receivables40 |
162,835 | 48,400 | |
Other amounts receivable41 |
95,043 | 73,000 | |
Cash at bank and in hand54/58 |
61,332 | 67,444 | |
Deferred charges and accrued income490/1 |
1,279 | - | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
421,874 | 195,045 | |
Equity10/15 |
272,475 | 118,493 | |
Contributions10/11 |
3,000 | 3,000 | |
Reserves13 |
269,475 | 115,493 | |
Distributable reserves133 |
269,475 | 115,493 | |
Amounts payable17/49 |
149,398 | 76,552 | |
Amounts payable within one year42/48 |
149,398 | 76,552 | |
Trade debts44 |
2,010 | 3,936 | |
Suppliers440/4 |
2,010 | 3,936 | |
Taxes, remuneration and social security45 |
147,389 | 71,426 | |
Taxes450/3 |
147,389 | 71,208 | |
Remuneration and social security454/9 |
0 | 218 | |
Other amounts payable47/48 |
0 | 1,191 | |
| Income statement | |||
Gross operating margin9900 |
229,974 | 163,812 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
14,482 | 641 | |
Operating profit (loss)9901 |
215,493 | 163,171 | |
Financial income75/76B |
4,580 | - | |
Recurring financial income75 |
4,580 | - | |
Financial charges65/66B |
472 | 115 | |
Recurring financial charges65 |
472 | 115 | |
Profit (loss) for the period before taxes9903 |
219,600 | 163,056 | |
Income taxes67/77 |
65,617 | 47,563 | |
Profit (loss) for the period9904 |
153,983 | 115,493 | |
Profit (loss) for the period to be appropriated9905 |
153,983 | 115,493 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
153,983 | 115,493 | |
Transfer to equity691/2 |
153,983 | 115,493 | |
To other reserves6921 |
153,983 | 115,493 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2024 at the NBB, filed on 11-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| EBITDA | 229,974 | 163,812 | |
| Cash flow | 168,464 | 116,134 | |
| Investment in fixed assets | 109,665 | 6,000 | |
| Change in cash | -6,113 | - | |
| Working capital | 171,091 | 112,292 | |
| Solvency | 64.6% | 60.8% | |
| Current ratio | 2.15 | 2.47 | |
| Debt to equity | 0.55 | 0.65 | |
| ROE | 56.5% | 97.5% | |
| ROA | 36.5% | 59.2% | |
| Interest coverage | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Tangible fixed assets | €109,665 | €6,000 |
| Depreciation and write-downs of the year | €14,482 | €641 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on RFACTOR
The operating result for 2024 is 32% higher than in 2023.
Debt's share of the balance-sheet total falls from 39.2% to 35.4%. Equity and debt are higher.