SJEVAL BLAN
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€387,387
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
5 d early
2022
3 d early
2021
30 d early
2020
14 d early
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.4m▼ 47.0%
2023 · €2.7m
Total assets
€1.4m▼ 46.5%
2023 · €2.7m
Net result
-€387,387▼ 9,926%
2023 · -€3,864
Working capital
€28,481▼ 59.9%
2023 · €71,090
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,741▼ 387%-€5,801▼ 112%-€6,451▼ 11.2%-€3,606▲ 44.1%€113,132
Net result-€647,990€106,722€767,463▲ 619%-€3,864-€387,387▼ 9,926%
Equity€1.8m▼ 26.3%€1.9m▲ 5.9%€2.7m▲ 40.0%€2.7m▼ 0.1%€1.4m▼ 47.0%
Total assets€1.8m▼ 26.1%€1.9m▲ 4.9%€2.7m▲ 40.0%€2.7m▼ 0.2%€1.4m▼ 46.5%
Debt€16,776▲ 0.6%€124▼ 99.3%€526▲ 324%€315▼ 40.2%€13,484▲ 4,185%
Working capital€38,941▲ 77.2%€59,136▲ 51.9%€74,986▲ 26.8%€71,090▼ 5.2%€28,481▼ 59.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €113,132 after a loss of €3,606 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m ▼ 46.7%
Current assets
€41,951 ▼ 41.2%
Equity and liabilities €1.4m
Equity
€1.4m ▼ 47.0%
Debt
€13,484 ▲ 4,185%
Debt's share of the balance-sheet total rises from 0.0% to 0.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.11
Debt to equity
0.01▲
2023 · 0.00
ROE
-27.2%▼
2023 · -0.1%
ROA
-27.0%▼
2023 · -0.1%
Debt ≤ 1 year
€13,470▲
2023 · €315
Income taxes
€7,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €126,369 | - |
| Other operating charges640/8 | - | €3,718 | €4,087 | €1,075 | €1,094 | ▲ 1.7% |
| Gross operating margin9900 | -€1,764 | -€2,082 | -€2,364 | -€2,531 | €114,225 | ▲ 4,613% |
| Operating profit (loss)9901 | -€2,741 | -€5,801 | -€6,451 | -€3,606 | €113,132 | ▲ 3,237% |
| Financial income75/76B | - | €113,191 | €774,236 | €0 | €59,108 | - |
| Recurring financial income75 | €19,779 | €26,760 | €22,605 | €0 | €59,108 | - |
| Non-recurring financial income76B | - | €86,431 | €751,631 | €0 | - | - |
| Financial charges65/66B | - | €668 | €323 | €258 | €552,067 | ▲ 213,904% |
| Recurring financial charges65 | €178 | €668 | €323 | €258 | €3,322 | ▲ 1,188% |
| Non-recurring financial charges66B | - | €0 | - | - | €548,745 | - |
| Profit (loss) for the period before taxes9903 | -€647,990 | €106,722 | €767,463 | -€3,864 | -€379,827 | ▼ 9,730% |
| Income taxes67/77 | - | - | - | - | €7,560 | - |
| Profit (loss) for the period9904 | -€647,990 | €106,722 | €767,463 | -€3,864 | -€387,387 | ▼ 9,926% |
| Profit (loss) for the period to be appropriated9905 | -€647,990 | €106,722 | €767,463 | -€3,864 | -€387,387 | ▼ 9,926% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.9m | €2.7m | €2.7m | €1.4m | ▼ 46.5% |
| Fixed assets21/28 | €1.8m | €1.9m | €2.6m | €2.6m | €1.4m | ▼ 46.7% |
| Financial fixed assets28 | €1.8m | €1.9m | €2.6m | €2.6m | €1.4m | ▼ 46.7% |
| Current assets29/58 | €55,608 | €59,247 | €75,481 | €71,405 | €41,951 | ▼ 41.2% |
| Amounts receivable within one year40/41 | €10,820 | €13,962 | €14,810 | €0 | - | - |
| Other amounts receivable41 | - | €13,962 | €14,810 | €0 | - | - |
| Cash at bank and in hand54/58 | €44,787 | €45,285 | €60,671 | €71,405 | €41,951 | ▼ 41.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €2.7m | €2.7m | €1.4m | ▼ 46.5% |
| Equity10/15 | €1.8m | €1.9m | €2.7m | €2.7m | €1.4m | ▼ 47.0% |
| Contributions10/11 | €2.6m | €2.6m | €2.6m | €2.6m | €1.8m | ▼ 32.6% |
| Capital10 | - | €2.6m | €2.6m | €2.6m | €1.8m | ▼ 32.6% |
| Issued capital100 | - | €2.6m | €2.6m | €2.6m | €1.8m | ▼ 32.6% |
| Reserves13 | - | - | €3,748 | €7,115 | €7,115 | = |
| Non-distributable reserves130/1 | - | - | €3,748 | €7,115 | €7,115 | = |
| Legal reserve130 | - | - | €3,748 | €7,115 | €7,115 | = |
| Profit (loss) carried forward14 | -€799,230 | -€692,508 | €71,207 | €63,976 | -€346,599 | ▼ 642% |
| Amounts payable17/49 | €16,776 | €124 | €526 | €315 | €13,484 | ▲ 4,185% |
| Amounts payable within one year42/48 | €16,667 | €111 | €494 | €315 | €13,470 | ▲ 4,181% |
| Trade debts44 | €167 | €111 | €494 | €315 | €5,910 | ▲ 1,778% |
| Suppliers440/4 | - | €111 | €494 | €315 | €5,910 | ▲ 1,778% |
| Taxes, remuneration and social security45 | - | - | - | - | €7,560 | - |
| Taxes450/3 | - | - | - | - | €7,560 | - |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €13 | €32 | €0 | €14 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€647,990 | €106,722 | €767,463 | -€3,864 | -€387,387 | ▼ 9,926% |
| Operating cash flow (approximation) | -€647,990 | €106,722 | €767,463 | -€3,864 | -€387,387 | ▼ 9,926% |
| Investment in fixed assets (approximation) | - | -€86,431 | -€751,631 | €0 | €1.2m | - |
| Change in cash | - | €498 | €15,386 | €10,734 | -€29,454 | ▼ 374% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €767,463 ▲619%
Net result €767,463, the highest in the series.
31-12
Financial
Equity above €2mEq €2.7m ▲40%
2 profitable years in a row build equity to €2.7m.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €106,722
Net result €106,722 after one loss-making year.
31-12
Financial
Liquidity times 160current ratio 533.76
Current ratio from 3.34 to 533.76; short-term debt falls from €16,667 to €111.
17-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€647,990
Net result drops to -€647,990, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Back to profitnet €128,895
Net result €128,895 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
2 ownersOwners 2
-
24.63%
-
20.02%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
8945007QOH0TNX8K8H03