SHIP-SHAPE
Open bankruptcyFinancials · financial year 2024, abbreviated format
2024 annual accounts filed late (28 days) Filed on 28 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00468957.
Equity
€854,855▲ 20.7%
2023 · €708,127
Total assets
€2.2m▼ 7.7%
2023 · €2.4m
Net result
€146,728▲ 420%
2023 · €28,242
Working capital
€182,579
2023 · -€60,440
Trend over the years
2021 to 2024, 4 financial years
The operating result recovers in 2024; 2024 is 196% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2024
Net result€0.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.2m
2024
Equity€0.9m
2024
Debt€1.4m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.5%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency38.1%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.32
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€0.05m-€1.0m▲ 20×€0.08m▼ 91.7%€0.2m▲ 196%
Net result€0.1mwithin the sector's middle half-€0.8mabove the sector's middle half▲ 712%€0.03mwithin the sector's middle half▼ 96.3%€0.1mabove the sector's middle half▲ 420%
Equity€0.2mwithin the sector's middle half-€0.7mwithin the sector's middle half▲ 331%€0.7mwithin the sector's middle half▲ 4.2%€0.9mwithin the sector's middle half▲ 20.7%
Total assets€1.8mwithin the sector's middle half-€2.6mwithin the sector's middle half▲ 42.1%€2.4mwithin the sector's middle half▼ 7.5%€2.2mwithin the sector's middle half▼ 7.7%
Debt€1.7m-€1.9m▲ 15.2%€1.7m▼ 11.5%€1.4m▼ 19.4%
Working capital-€0.1mbelow the sector's middle half-€0.07mwithin the sector's middle half-€0.06mbelow the sector's middle half€0.2mwithin the sector's middle half
Solvency8.5%below the sector's middle half-25.9%within the sector's middle half▲ 17.4pp29.1%within the sector's middle half▲ 3.2pp38.1%within the sector's middle half▲ 9.0pp
Current ratio0.87within the sector's middle half-1.06within the sector's middle half▲ 0.190.94within the sector's middle half▼ 0.121.32within the sector's middle half▲ 0.38
Return on assets (ROA)5.1%within the sector's middle half-29.4%above the sector's middle half▲ 24.3pp1.2%within the sector's middle half▼ 28.2pp6.5%within the sector's middle half▲ 5.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.5m ▼ 1.1%
Current assets
€747,573 ▼ 18.6%
Equity and liabilities €2.2m
Equity
€854,855 ▲ 20.7%
Debt
€1.4m ▼ 19.4%
Debt's share of the balance-sheet total falls from 70.9% to 61.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€287,322▲
2023 · €118,003
Cash flow
€194,964▲
2023 · €65,581
Debt to equity
1.62▼
2023 · 2.43
ROE
17.2%▲
2023 · 4.0%
Interest coverage
8.03▲
2023 · 2.40
Debt ≤ 1 year
€564,994▼
2023 · €979,354
Debt > 1 year
€646,062▼
2023 · €741,822
Income taxes
€69,122▲
2023 · €18,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €0.05m | €0.002m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.05m | €0.04m | €0.05m | ▲ 29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - |
| Other operating charges640/8 | €0.001m | €0.002m | €0.003m | €0.002m | ▼ 14.6% |
| Gross operating margin9900 | €0.05m | €1.0m | €0.1m | €0.3m | ▲ 140% |
| Operating profit (loss)9901 | €0.05m | €1.0m | €0.08m | €0.2m | ▲ 196% |
| Financial income75/76B | €0.09m | €0.03m | €0.02m | €0.01m | ▼ 19.6% |
| Recurring financial income75 | €0.09m | €0.03m | €0.02m | €0.01m | ▼ 19.6% |
| Non-recurring financial income76B | - | €0 | - | - | - |
| Financial charges65/66B | €0.04m | -€0.05m | €0.05m | €0.04m | ▼ 27.2% |
| Recurring financial charges65 | €0.04m | -€0.05m | €0.05m | €0.04m | ▼ 27.2% |
| Profit (loss) for the period before taxes9903 | €0.1m | €1.1m | €0.05m | €0.2m | ▲ 358% |
| Income taxes67/77 | €0.01m | €0.3m | €0.02m | €0.07m | ▲ 266% |
| Profit (loss) for the period9904 | €0.1m | €0.8m | €0.03m | €0.1m | ▲ 420% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.8m | €0.03m | €0.1m | ▲ 420% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.8m | €2.6m | €2.4m | €2.2m | ▼ 7.7% |
| Fixed assets21/28 | €0.9m | €1.3m | €1.5m | €1.5m | ▼ 1.1% |
| Tangible fixed assets22/27 | €0.06m | €0.4m | €0.5m | €0.5m | ▼ 3.5% |
| Land and buildings22 | €0 | €0.4m | €0.5m | €0.5m | ▼ 1.7% |
| Plant, machinery and equipment23 | - | - | €0.001m | €0.004m | ▲ 259% |
| Furniture and vehicles24 | €0.06m | €0.05m | €0.05m | €0.04m | ▼ 26.5% |
| Financial fixed assets28 | €0.8m | €0.9m | €1.0m | €1.0m | ▲ 0.3% |
| Current assets29/58 | €1.0m | €1.3m | €0.9m | €0.7m | ▼ 18.6% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0 | - | - |
| Stocks30/36 | €0.01m | €0.01m | €0 | - | - |
| Amounts receivable within one year40/41 | €0.9m | €1.1m | €0.9m | €0.7m | ▼ 13.9% |
| Trade receivables40 | €0.4m | €0.2m | €0.3m | €0.06m | ▼ 81.0% |
| Other amounts receivable41 | €0.6m | €0.8m | €0.5m | €0.7m | ▲ 24.0% |
| Current investments50/53 | - | €0 | €0.003m | €0.003m | ▲ 0.2% |
| Cash at bank and in hand54/58 | €0.008m | €0.2m | €0.06m | €0.001m | ▼ 98.7% |
| Deferred charges and accrued income490/1 | €97 | €0.003m | €0.005m | €0.007m | ▲ 52.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.8m | €2.6m | €2.4m | €2.2m | ▼ 7.7% |
| Equity10/15 | €0.2m | €0.7m | €0.7m | €0.9m | ▲ 20.7% |
| Contributions10/11 | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Reserves13 | €0.2m | €0.7m | €0.7m | €0.9m | ▲ 20.7% |
| Distributable reserves133 | €0.2m | €0.7m | €0.7m | €0.9m | ▲ 20.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €1.7m | €1.9m | €1.7m | €1.4m | ▼ 19.4% |
| Amounts payable after more than one year17 | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 12.9% |
| Financial debts170/4 | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 12.9% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €1.0m | €0.6m | ▼ 42.3% |
| Current portion of amounts payable after more than one year42 | €0.07m | €0.08m | €0.09m | €0.1m | ▲ 2.1% |
| Financial debts43 | €0.002m | €0.002m | €0.009m | €0.02m | ▲ 81.9% |
| Credit institutions430/8 | €0.002m | €0.002m | €0.009m | €0.02m | ▲ 81.9% |
| Trade debts44 | €0.8m | €0.7m | €0.5m | €0.1m | ▼ 73.0% |
| Suppliers440/4 | €0.8m | €0.7m | €0.5m | €0.1m | ▼ 73.0% |
| Taxes, remuneration and social security45 | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 3.5% |
| Taxes450/3 | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 3.5% |
| Other amounts payable47/48 | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 42.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,020 | €772,030 | €28,242 | €146,728 | ▲ 420% |
| + Depreciation and write-downs630 | €2,713 | €46,071 | €37,339 | €48,235 | ▲ 29.2% |
| Operating cash flow (approximation) | €97,733 | €818,101 | €65,581 | €194,964 | ▲ 197% |
| Investment in fixed assets (approximation) | - | -€490,862 | -€209,050 | -€31,935 | ▲ 84.7% |
| Change in cash | - | €184,398 | -€136,781 | -€54,668 | ▲ 60.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00468957 |
| 31-12-2023 | abbreviated format | 13-05-2024 | 2024-00087436 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00439703 |
| 31-12-2021 | abbreviated format | 21-04-2022 | 2022-20005529 |
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Of the 24,208 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,682. 4,898 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €3,149 awarded · €3,149 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €320 | €320 |
| 2022 | 1 | €2,829 | €2,829 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.