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ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 January 2026 The financial year closed on 30 June 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 02-06-2025 PDF all 3 filings
Turnover
≈ €110,000
Estimated: probably between €49,000 and €260,000
Total assets
€71,529▼ 5.3%
2023 · €75,502
Net result
€2,580▼ 64.8%
2023 · €7,339
Working capital
€21,773▲ 0.8%
2023 · €21,603
Multi-year overview
2022 to 2024, 3 financial yearsOperating result
€5,841
▼ 41.0%
2024
20222024
Net result
€2,580
▼ 64.8%
2024
middle half of the sector
20222024
Equity
€56,878
▲ 4.8%
2024
middle half of the sector
20222024
Total assets
€71,529
▼ 5.3%
2024
middle half of the sector
20222024
Debt
€14,650
▼ 30.9%
2024
20222024
Working capital
€21,773
▲ 0.8%
2024
middle half of the sector
20222024
Solvency
79.5%
▲ 7.6pp
2024
highest quarter of the sector
20222024
Current ratio
2.49
▲ 0.47
2024
middle half of the sector
20222024
Return on assets (ROA)
3.6%
▼ 6.1pp
2024
middle half of the sector
20222024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202220232024
Operating result€55,025-€9,900▼ 82.0%€5,841▼ 41.0%
Net result€43,959within the sector's middle half-€7,339within the sector's middle half▼ 83.3%€2,580within the sector's middle half▼ 64.8%
Equity€46,959within the sector's middle half-€54,298within the sector's middle half▲ 15.6%€56,878within the sector's middle half▲ 4.8%
Total assets€66,387below the sector's middle half-€75,502within the sector's middle half▲ 13.7%€71,529within the sector's middle half▼ 5.3%
Debt€19,428-€21,204▲ 9.1%€14,650▼ 30.9%
Working capital€44,198within the sector's middle half-€21,603within the sector's middle half▼ 51.1%€21,773within the sector's middle half▲ 0.8%
Solvency70.7%within the sector's middle half-71.9%within the sector's middle half▲ 1.2pp79.5%above the sector's middle half▲ 7.6pp
Current ratio3.27within the sector's middle half-2.02within the sector's middle half▼ 1.262.49within the sector's middle half▲ 0.47
Return on assets (ROA)66.2%above the sector's middle half-9.7%within the sector's middle half▼ 56.5pp3.6%within the sector's middle half▼ 6.1pp
above
within
below
The sector band is the middle half of the companies in Employment activities (NACE 78). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 41% lower than in 2023 and the lowest since 2022. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71,529
Fixed assets
€35,106 ▲ 7.4%
Current assets
€36,423 ▼ 14.9%
Equity and liabilities €71,529
Equity
€56,878 ▲ 4.8%
Debt
€14,650 ▼ 30.9%
Debt's share of the balance-sheet total falls from 28.1% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,191▼
2023 · €14,300
Cash flow
€8,930▼
2023 · €11,739
Debt to equity
0.26▼
2023 · 0.39
ROE
4.5%▼
2023 · 13.5%
Interest coverage
44.90▲
2023 · 19.70
Debt ≤ 1 year
€14,650▼
2023 · €21,204
Income taxes
€2,989▲
2023 · €1,835
Staff costs
€1,575=
2023 · €1,575
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | €3,419 | €34,335 | €8,760 |
| Depreciation and write-downs of the year | €658 | €4,400 | €6,350 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,896 awarded · €1,896 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €137 | €137 |
| 2024 | 1 | €137 | €137 |
| 2023 | 1 | €137 | €137 |
| 2022 | 1 | €1,485 | €1,485 |
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,575 | €1,575 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €658 | €4,400 | €6,350 | ▲ 44.3% |
| Other operating charges640/8 | €102 | €1,042 | €228 | ▼ 78.1% |
| Gross operating margin9900 | €55,785 | €16,918 | €13,994 | ▼ 17.3% |
| Operating profit (loss)9901 | €55,025 | €9,900 | €5,841 | ▼ 41.0% |
| Financial income75/76B | €74 | - | €0 | - |
| Recurring financial income75 | €74 | - | €0 | - |
| Financial charges65/66B | €151 | €726 | €272 | ▼ 62.6% |
| Recurring financial charges65 | €151 | €726 | €272 | ▼ 62.6% |
| Profit (loss) for the period before taxes9903 | €54,949 | €9,174 | €5,570 | ▼ 39.3% |
| Income taxes67/77 | €10,990 | €1,835 | €2,989 | ▲ 62.9% |
| Profit (loss) for the period9904 | €43,959 | €7,339 | €2,580 | ▼ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €43,959 | €7,339 | €2,580 | ▼ 64.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €66,387 | €75,502 | €71,529 | ▼ 5.3% |
| Fixed assets21/28 | €2,761 | €32,696 | €35,106 | ▲ 7.4% |
| Tangible fixed assets22/27 | €2,761 | €32,696 | €35,106 | ▲ 7.4% |
| Plant, machinery and equipment23 | €1,324 | €31,919 | €30,985 | ▼ 2.9% |
| Furniture and vehicles24 | €1,437 | €776 | €4,121 | ▲ 431% |
| Current assets29/58 | €63,626 | €42,807 | €36,423 | ▼ 14.9% |
| Amounts receivable within one year40/41 | €11,229 | €23,570 | €2,075 | ▼ 91.2% |
| Trade receivables40 | €11,011 | €14,702 | €1,711 | ▼ 88.4% |
| Other amounts receivable41 | €218 | €8,868 | €364 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €52,397 | €19,237 | €33,505 | ▲ 74.2% |
| Deferred charges and accrued income490/1 | - | - | €843 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €66,387 | €75,502 | €71,529 | ▼ 5.3% |
| Equity10/15 | €46,959 | €54,298 | €56,878 | ▲ 4.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Contributions outside capital11 | €3,000 | €3,000 | €3,000 | = |
| Other1109/19 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €43,959 | €51,298 | €53,878 | ▲ 5.0% |
| Distributable reserves133 | €43,959 | €51,298 | €53,878 | ▲ 5.0% |
| Amounts payable17/49 | €19,428 | €21,204 | €14,650 | ▼ 30.9% |
| Amounts payable within one year42/48 | €19,428 | €21,204 | €14,650 | ▼ 30.9% |
| Trade debts44 | €2,892 | €9,659 | €6,742 | ▼ 30.2% |
| Suppliers440/4 | €2,892 | €9,659 | €6,742 | ▼ 30.2% |
| Taxes, remuneration and social security45 | €16,537 | €9,603 | €6,251 | ▼ 34.9% |
| Taxes450/3 | €16,537 | €7,003 | €3,142 | ▼ 55.1% |
| Remuneration and social security454/9 | - | €2,600 | €3,109 | ▲ 19.6% |
| Other amounts payable47/48 | - | €1,942 | €1,657 | ▼ 14.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,959 | €7,339 | €2,580 | ▼ 64.8% |
| + Depreciation and write-downs630 | €658 | €4,400 | €6,350 | ▲ 44.3% |
| Operating cash flow (approximation) | €44,617 | €11,739 | €8,930 | ▼ 23.9% |
| Investment in fixed assets (approximation) | - | -€34,335 | -€8,760 | ▲ 74.5% |
| Change in cash | - | -€33,160 | €14,268 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.