SOCRATEA
InactiveFinancials · financial year 2024, micro format
Equity
€5,048▼ 87.4%
2023 · €40,181
Total assets
€59,894▼ 36.6%
2023 · €94,474
Net result
-€35,134
2023 · €38,181
Working capital
-€40,897
2023 · €20,605
Trend over the years
2023 to 2024, 2 financial years
The operating result turns negative in 2024: a loss of €33,735 after €52,081 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€33,735
2024
Net result-€35,134
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€59,894
2024
Equity€5,048
2024
Debt€54,846
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€40,897
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
Line20232024
Operating result€52,081--€33,735
Net result€38,181--€35,134
Equity€40,181-€5,048▼ 87.4%
Total assets€94,474-€59,894▼ 36.6%
Debt€54,293-€54,846▲ 1.0%
Working capital€20,605--€40,897
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,894
Fixed assets
€45,945 ▲ 12.2%
Current assets
€13,949 ▼ 73.9%
Equity and liabilities €59,894
Equity
€5,048 ▼ 87.4%
Debt
€54,846 ▲ 1.0%
Debt's share of the balance-sheet total rises from 57.5% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€23,707▼
2023 · €55,437
Cash flow
-€25,106▼
2023 · €41,537
Current ratio
0.25▼
2023 · 1.63
Debt to equity
10.87▲
2023 · 1.35
ROE
-696.1%▼
2023 · 95.0%
ROA
-58.7%▼
2023 · 40.4%
Interest coverage
-17.95▼
2023 · 69.82
Debt ≤ 1 year
€54,846▲
2023 · €32,908
Debt > 1 year
€0▼
2023 · €21,384
Income taxes
€79▼
2023 · €13,106
Staff costs
€0▼
2023 · €35
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €35 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,356 | €10,027 | ▲ 199% |
| Other operating charges640/8 | €384 | €62 | ▼ 83.9% |
| Gross operating margin9900 | €55,857 | -€23,645 | - |
| Operating profit (loss)9901 | €52,081 | -€33,735 | - |
| Financial charges65/66B | €794 | €1,320 | ▲ 66.3% |
| Recurring financial charges65 | €794 | €1,320 | ▲ 66.3% |
| Profit (loss) for the period before taxes9903 | €51,287 | -€35,055 | - |
| Income taxes67/77 | €13,106 | €79 | ▼ 99.4% |
| Profit (loss) for the period9904 | €38,181 | -€35,134 | - |
| Profit (loss) for the period to be appropriated9905 | €38,181 | -€35,134 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €94,474 | €59,894 | ▼ 36.6% |
| Fixed assets21/28 | €40,961 | €45,945 | ▲ 12.2% |
| Tangible fixed assets22/27 | €40,961 | €45,945 | ▲ 12.2% |
| Furniture and vehicles24 | €40,961 | €32,244 | ▼ 21.3% |
| Other tangible fixed assets26 | - | €13,701 | - |
| Current assets29/58 | €53,513 | €13,949 | ▼ 73.9% |
| Amounts receivable within one year40/41 | €13,803 | €3,773 | ▼ 72.7% |
| Trade receivables40 | €13,803 | €3,750 | ▼ 72.8% |
| Other amounts receivable41 | - | €23 | - |
| Cash at bank and in hand54/58 | €38,923 | €8,646 | ▼ 77.8% |
| Deferred charges and accrued income490/1 | €787 | €1,530 | ▲ 94.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €94,474 | €59,894 | ▼ 36.6% |
| Equity10/15 | €40,181 | €5,048 | ▼ 87.4% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €38,181 | €3,048 | ▼ 92.0% |
| Amounts payable17/49 | €54,293 | €54,846 | ▲ 1.0% |
| Amounts payable after more than one year17 | €21,384 | €0 | ▼ 100% |
| Financial debts170/4 | €21,384 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €32,908 | €54,846 | ▲ 66.7% |
| Current portion of amounts payable after more than one year42 | €7,275 | €5,644 | ▼ 22.4% |
| Trade debts44 | €3,158 | €2,889 | ▼ 8.5% |
| Suppliers440/4 | €3,158 | €2,889 | ▼ 8.5% |
| Advances received on contracts in progress46 | - | €4,538 | - |
| Taxes, remuneration and social security45 | €21,962 | €13,326 | ▼ 39.3% |
| Taxes450/3 | €21,962 | €13,326 | ▼ 39.3% |
| Other amounts payable47/48 | €514 | €28,449 | ▲ 5,437% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €38,181 | -€35,134 | - |
| + Depreciation and write-downs630 | €3,356 | €10,027 | ▲ 199% |
| Operating cash flow (approximation) | €41,537 | -€25,106 | - |
| Investment in fixed assets (approximation) | - | -€15,012 | - |
| Change in cash | - | -€30,278 | - |
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 (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-07-2025 | 2025-00336334 |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00168832 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.