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Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 53 days after the deadline Filed on 22 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00505539.
Annual accounts 2024 filed on 22-09-2025 PDF all 2 filings
Equity
-€87,509▼ 85.7%
2023 · -€47,117
Total assets
€88,949▲ 1.1%
2023 · €88,000
Net result
-€40,392▲ 22.5%
2023 · -€52,118
Working capital
-€120,732▼ 107%
2023 · -€58,432
Multi-year overview
2023 to 2024, 2 financial yearsOperating result
-€35,444
▲ 22.5%
2024
20232024
Net result
-€40,392
▲ 22.5%
2024
20232024
Equity
-€87,509
▼ 85.7%
2024
20232024
Total assets
€88,949
▲ 1.1%
2024
20232024
Debt
€176,459
▲ 30.6%
2024
20232024
Working capital
-€120,732
▼ 107%
2024
20232024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result-€45,746--€35,444▲ 22.5%
Net result-€52,118--€40,392▲ 22.5%
Equity-€47,117--€87,509▼ 85.7%
Total assets€88,000-€88,949▲ 1.1%
Debt€135,117-€176,459▲ 30.6%
Working capital-€58,432--€120,732▼ 107%
The operating result for 2024 is a loss of €35,444, smaller than the loss of €45,746 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88,949
Fixed assets
€71,850 ▼ 4.3%
Current assets
€17,099 ▲ 32.3%
Equity and liabilities
Equity-€87,509
Debt€176,459
Equity is negative. Debt (€176,459) exceeds the balance-sheet total (€88,949).
Key figures and ratios
EBITDA
-€15,043▲
2023 · -€29,354
Cash flow
-€19,991▲
2023 · -€35,726
Solvency
-98.4%▼
2023 · -53.5%
Current ratio
0.12▼
2023 · 0.18
Quick ratio
0.05▲
2023 · 0.03
ROA
-45.4%▲
2023 · -59.2%
Interest coverage
-3.04▲
2023 · -4.61
Debt ≤ 1 year
€137,831▲
2023 · €71,354
Debt > 1 year
€38,628▼
2023 · €63,763
Supplier credit
58 days
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €85,845 | €999 |
| Intangible fixed assets | €5,625 | €16,174 |
| Depreciation and write-downs of the year | €16,392 | €20,401 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €10,598 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €23,877 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,392 | €20,401 | ▲ 24.5% |
| Other operating charges640/8 | €2,180 | €1,764 | ▼ 19.1% |
| Gross operating margin9900 | -€27,174 | -€13,279 | ▲ 51.1% |
| Operating profit (loss)9901 | -€45,746 | -€35,444 | ▲ 22.5% |
| Financial charges65/66B | €6,372 | €4,948 | ▼ 22.3% |
| Recurring financial charges65 | €6,372 | €4,948 | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | -€52,118 | -€40,392 | ▲ 22.5% |
| Profit (loss) for the period9904 | -€52,118 | -€40,392 | ▲ 22.5% |
| Profit (loss) for the period to be appropriated9905 | -€52,118 | -€40,392 | ▲ 22.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €88,000 | €88,949 | ▲ 1.1% |
| Fixed assets21/28 | €75,078 | €71,850 | ▼ 4.3% |
| Intangible fixed assets21 | €5,434 | €18,544 | ▲ 241% |
| Tangible fixed assets22/27 | €69,643 | €53,306 | ▼ 23.5% |
| Land and buildings22 | €20,990 | €15,763 | ▼ 24.9% |
| Plant, machinery and equipment23 | €3,728 | €2,795 | ▼ 25.0% |
| Furniture and vehicles24 | - | €832 | - |
| Leasing and similar rights25 | €44,925 | €33,916 | ▼ 24.5% |
| Current assets29/58 | €12,922 | €17,099 | ▲ 32.3% |
| Stocks and contracts in progress3 | €10,891 | €10,891 | = |
| Stocks30/36 | €10,891 | €10,891 | = |
| Amounts receivable within one year40/41 | €2,030 | €2,932 | ▲ 44.4% |
| Trade receivables40 | - | €1,463 | - |
| Other amounts receivable41 | €2,030 | €1,469 | ▼ 27.6% |
| Cash at bank and in hand54/58 | €1 | €3,276 | ▲ 4,147× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €88,000 | €88,949 | ▲ 1.1% |
| Equity10/15 | -€47,117 | -€87,509 | ▼ 85.7% |
| Contributions10/11 | €5,001 | €5,000 | = |
| Profit (loss) carried forward14 | -€52,118 | -€92,509 | ▼ 77.5% |
| Amounts payable17/49 | €135,117 | €176,459 | ▲ 30.6% |
| Amounts payable after more than one year17 | €63,763 | €38,628 | ▼ 39.4% |
| Financial debts170/4 | €63,763 | €38,628 | ▼ 39.4% |
| Amounts payable within one year42/48 | €71,354 | €137,831 | ▲ 93.2% |
| Current portion of amounts payable after more than one year42 | €8,008 | €17,078 | ▲ 113% |
| Financial debts43 | €14,705 | - | - |
| Credit institutions430/8 | €14,705 | - | - |
| Trade debts44 | €979 | €3,797 | ▲ 288% |
| Suppliers440/4 | €979 | €3,797 | ▲ 288% |
| Other amounts payable47/48 | €47,662 | €116,956 | ▲ 145% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€52,118 | -€40,392 | ▲ 22.5% |
| + Depreciation and write-downs630 | €16,392 | €20,401 | ▲ 24.5% |
| Operating cash flow (approximation) | -€35,726 | -€19,991 | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | -€17,173 | - |
| Change in cash | - | €3,275 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.