SCARF
InactiveFinancials · financial year 2024, abbreviated format
2024 annual accounts filed late (131 days) Filed on 9 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00579720.
Turnover
€2,845
EBIT margin
-4.3%
Net result
-€3,936▲ 19.0%
2023 · -€4,857
Working capital
€6.8m▼ 0.1%
2023 · €6.8m
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €2,616 in 2024 against €3,528 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.003m
2024
Net result-€0.004m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€7.0m
2024
Equity€4.1m
2024
Debt€2.8m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€6.8m
2024
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
Turnover€0.003m
Operating result-€0.03m--€0.02m▲ 31.2%-€0.005m▲ 73.5%-€0.004m▲ 21.2%-€122▲ 97.0%-€0.004m▼ 2,785%-€0.003m▲ 25.8%
Net result€2.3m-€0.06m▼ 97.4%-€0.08m-€0.006m▲ 93.0%-€0.001m▲ 76.4%-€0.005m▼ 248%-€0.004m▲ 19.0%
EBIT margin-4.3%
Equity€4.2m-€4.2m▲ 1.4%€4.2m▼ 2.0%€4.2m▼ 0.1%€4.2m=€4.1m▼ 0.1%€4.1m▼ 0.1%
Total assets€8.8m-€7.2m▼ 17.7%€7.1m▼ 2.2%€7.0m▼ 1.2%€7.0m=€7.0m▼ 0.1%€7.0m=
Debt€4.6m-€3.0m▼ 35.1%€2.9m▼ 2.5%€2.8m▼ 2.7%€2.8m=€2.8m▼ 0.1%€2.8m▲ 0.1%
Working capital€6.4m-€6.9m▲ 7.1%€6.8m▼ 1.2%€6.8m▼ 0.1%€6.8m=€6.8m▼ 0.1%€6.8m▼ 0.1%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.0m
Fixed assets
€140,837 ▼ 0.3%
Current assets
€6.8m =
Equity and liabilities €7.0m
Equity
€4.1m ▼ 0.1%
Debt
€2.8m ▲ 0.1%
Debt's share of the balance-sheet total stays at 40.6%.
Key figures and ratios
EBITDA
-€2,252▲
2023 · -€3,164
Cash flow
-€3,572▲
2023 · -€4,493
Current ratio
83.88▼
2023 · 86.05
Debt to equity
0.68▲
2023 · 0.68
ROE
-0.1%▲
2023 · -0.1%
ROA
-0.1%▲
2023 · -0.1%
Interest coverage
-1.71▲
2023 · -2.38
Debt ≤ 1 year
€81,562▲
2023 · €79,531
Debt > 1 year
€2.8m=
2023 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0.003m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.003m | €0.002m | €0.003m | €0.002m | ▼ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €360 | €364 | €364 | €364 | = |
| Other operating charges640/8 | - | - | - | €281 | €146 | €153 | - | - |
| Gross operating margin9900 | - | - | -€0.005m | -€0.003m | €388 | -€0.003m | -€0.002m | ▲ 25.2% |
| Operating profit (loss)9901 | -€0.03m | -€0.02m | -€0.005m | -€0.004m | -€122 | -€0.004m | -€0.003m | ▲ 25.8% |
| Recurring financial income75 | €2.3m | €0.2m | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 0.7% |
| Recurring financial charges65 | €0.03m | €0.2m | €0.007m | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 0.7% |
| Debt charges650 | €0.02m | €0.2m | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2.3m | €0.05m | -€0.01m | -€0.006m | -€0.001m | -€0.005m | -€0.004m | ▲ 19.0% |
| Income taxes67/77 | €0.01m | -€0.004m | €0.07m | €390 | - | - | - | - |
| Profit (loss) for the period9904 | €2.3m | €0.06m | -€0.08m | -€0.006m | -€0.001m | -€0.005m | -€0.004m | ▲ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €0.06m | -€0.08m | -€0.006m | -€0.001m | -€0.005m | -€0.004m | ▲ 19.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8.8m | €7.2m | €7.1m | €7.0m | €7.0m | €7.0m | €7.0m | = |
| Fixed assets21/28 | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Tangible fixed assets22/27 | - | - | - | €0.001m | €0.001m | €0.001m | €368 | ▼ 49.7% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.001m | €368 | ▼ 49.7% |
| Financial fixed assets28 | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €8.8m | €7.1m | €6.9m | €6.9m | €6.8m | €6.8m | €6.8m | = |
| Amounts receivable after more than one year29 | - | - | - | €6.5m | €6.5m | €6.5m | €6.5m | = |
| Other amounts receivable291 | - | - | - | €6.5m | €6.5m | €6.5m | €6.5m | = |
| Amounts receivable within one year40/41 | €0.1m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Cash at bank and in hand54/58 | €5.7m | €0.8m | €0.2m | €0.002m | €0.001m | €0.001m | €7 | ▼ 99.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8.8m | €7.2m | €7.1m | €7.0m | €7.0m | €7.0m | €7.0m | = |
| Equity10/15 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.1m | €4.1m | ▼ 0.1% |
| Contributions10/11 | €2.6m | €2.6m | €2.6m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Capital10 | - | - | - | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Issued capital100 | - | - | - | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Contributions outside capital11 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Share premium1100/10 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | €0.6m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.7% |
| Amounts payable17/49 | €4.6m | €3.0m | €2.9m | €2.8m | €2.8m | €2.8m | €2.8m | ▲ 0.1% |
| Amounts payable after more than one year17 | €2.2m | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Other amounts payable178/9 | - | - | - | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Amounts payable within one year42/48 | €2.4m | €0.2m | €0.2m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 2.6% |
| Financial debts43 | - | - | - | €0.003m | - | - | €32 | - |
| Credit institutions430/8 | - | - | - | €0.003m | - | - | €32 | - |
| Trade debts44 | €0.03m | €0.2m | €0.2m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 2.5% |
| Suppliers440/4 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 2.5% |
| Other amounts payable47/48 | - | - | - | €400 | €400 | €400 | €400 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €0.06m | -€0.08m | -€0.006m | -€0.001m | -€0.005m | -€0.004m | ▲ 19.0% |
| + Depreciation and write-downs630 | - | - | - | €360 | €364 | €364 | €364 | = |
| Operating cash flow (approximation) | €2.3m | €0.06m | -€0.08m | -€0.006m | -€0.001m | -€0.004m | -€0.004m | ▲ 20.5% |
| Investment in fixed assets (approximation) | - | -€0.1m | €0 | -€0.002m | €0 | €0 | €0 | - |
| Change in cash | - | -€4.9m | -€0.6m | -€0.2m | -€0.002m | €0.001m | -€0.001m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 09-12-2025 | 2025-00579720 |
| 31-12-2023 | abbreviated format | 08-10-2024 | 2024-00499051 |
| 31-12-2022 | abbreviated format | 19-08-2023 | 2023-00342273 |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20156887 |
| 31-12-2020 | abbreviated format | 14-07-2021 | 2021-35500327 |
| 31-12-2019 | full format | 16-07-2020 | 2020-31000570 |
| 31-12-2018 | full format | 29-07-2019 | 2019-40300301 |
| 31-12-2017 | full format | 16-07-2018 | 2018-33700208 |
| 31-12-2016 | full format | 30-06-2017 | 2017-26100589 |
| 31-12-2015 | full format | 31-08-2016 | 2016-51500045 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.