SPLEND-it ID!
ActiveFinancials · financial year 2023, abbreviated format
2024 annual accounts not yet filed, deadline passed on 30 April 2025 The financial year closed on 30 September 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2023 filed on 29-04-2024 PDF all 14 filings
Turnover
≈ €100,000
Estimated: probably between €72,000 and €140,000
Total assets
€481,802▼ 44.3%
2022 · €865,657
Net result
€93,344
2022 · -€138,713
Working capital
€161,398▲ 91.3%
2022 · €84,381
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
-€26,718
▲ 79.8%
2023
20192023
Net result
€93,344
2023
middle half of the sector
20192023
Equity
€203,866
▲ 84.5%
2023
middle half of the sector
20192023
Total assets
€481,802
▼ 44.3%
2023
middle half of the sector
20192023
Debt
€277,936
▼ 63.2%
2023
20192023
Working capital
€161,398
▲ 91.3%
2023
middle half of the sector
20192023
Solvency
42.3%
▲ 29.5pp
2023
middle half of the sector
20192023
Current ratio
1.58
▲ 0.45
2023
middle half of the sector
20192023
Return on assets (ROA)
19.4%
▲ 35.4pp
2023
highest quarter of the sector
20192023
Staff (FTE)
0
2023
lowest quarter of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.03m--€0.1m€0.03m-€0.1m-€0.03m▲ 79.8%
Net result€0.009m--€0.1mbelow the sector's middle half€0.02mwithin the sector's middle half-€0.1mbelow the sector's middle half€0.09mwithin the sector's middle half
Equity€0.5m-€0.4mwithin the sector's middle half▼ 28.1%€0.4mwithin the sector's middle half▲ 5.7%€0.1mwithin the sector's middle half▼ 70.1%€0.2mwithin the sector's middle half▲ 84.5%
Total assets€2.4m-€2.0mabove the sector's middle half▼ 19.6%€1.3mwithin the sector's middle half▼ 31.8%€0.9mwithin the sector's middle half▼ 35.0%€0.5mwithin the sector's middle half▼ 44.3%
Debt€1.9m-€1.6m▼ 17.5%€1.0m▼ 39.9%€0.8m▼ 21.5%€0.3m▼ 63.2%
Working capital€0.7m-€0.2mwithin the sector's middle half▼ 67.3%€0.4mabove the sector's middle half▲ 68.9%€0.08mwithin the sector's middle half▼ 77.2%€0.2mwithin the sector's middle half▲ 91.3%
Solvency20.0%-17.9%within the sector's middle half▼ 2.1pp27.8%within the sector's middle half▲ 9.8pp12.8%below the sector's middle half▼ 15.0pp42.3%within the sector's middle half▲ 29.5pp
Current ratio1.42-1.14within the sector's middle half▼ 0.291.45within the sector's middle half▲ 0.311.13within the sector's middle half▼ 0.321.58within the sector's middle half▲ 0.45
Return on assets (ROA)0.4%--7.0%below the sector's middle half▼ 7.4pp1.5%within the sector's middle half▲ 8.5pp-16.0%below the sector's middle half▼ 17.5pp19.4%above the sector's middle half▲ 35.4pp
Staff (FTE)0.8-1.2below the sector's middle half▲ 50.0%1below the sector's middle half▼ 16.7%0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 2023 is a loss of €26,718, smaller than the loss of €132,582 in 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €481,802
Fixed assets
€42,468 ▼ 65.2%
Current assets
€439,334 ▼ 40.9%
Equity and liabilities €481,802
Equity
€203,866 ▲ 84.5%
Debt
€277,936 ▼ 63.2%
Debt's share of the balance-sheet total falls from 87.2% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€9,693▲
2022 · -€105,346
Cash flow
€110,369▲
2022 · -€111,478
Quick ratio
1.00▲
2022 · 0.52
Debt to equity
1.36▼
2022 · 6.83
ROE
45.8%▲
2022 · -125.5%
Interest coverage
-0.63▲
2022 · -8.19
Debt ≤ 1 year
€277,936▼
2022 · €659,151
Debt > 1 year
€0▼
2022 · €95,984
Income taxes
€535▼
2022 · €1,491
Staff costs
€0▲
2022 · -€6
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €107,445 | €138,954 | - |
| Mortgages, amount registered | €100,000 | €100,000 | - |
| Mortgage mandates | €100,000 | €100,000 | - |
| Carrying value of the mortgaged assets | €72,468 | €62,586 | - |
| Carrying value of the other pledged assets | €34,225 | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | €6,695 | €18,169 | - |
| Depreciation and write-downs of the year | €25,748 | €27,235 | €17,025 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,162 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €41,355 | -€6 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,849 | €32,541 | €25,748 | €27,235 | €17,025 | ▼ 37.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €90,164 | €52,241 | €45,188 | ▼ 13.5% |
| Other operating charges640/8 | - | - | €6,563 | €2,489 | €3,605 | ▲ 44.9% |
| Gross operating margin9900 | €151,107 | -€71,722 | €189,551 | -€50,623 | €39,100 | - |
| Operating profit (loss)9901 | €29,333 | -€127,203 | €25,721 | -€132,582 | -€26,718 | ▲ 79.8% |
| Financial income75/76B | - | - | €14,462 | €8,227 | €135,931 | ▲ 17× |
| Recurring financial income75 | €8,228 | €12,154 | €14,462 | €8,227 | €135,931 | ▲ 17× |
| Financial charges65/66B | - | - | €19,926 | €12,868 | €15,334 | ▲ 19.2% |
| Recurring financial charges65 | €22,388 | €21,556 | €19,926 | €12,868 | €15,334 | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | €15,174 | -€136,605 | €20,257 | -€137,222 | €93,879 | - |
| Income taxes67/77 | €6,079 | -€121 | €472 | €1,491 | €535 | ▼ 64.1% |
| Profit (loss) for the period9904 | €9,095 | -€136,485 | €19,784 | -€138,713 | €93,344 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €6,791 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €9,095 | -€136,485 | €19,784 | -€131,922 | €93,344 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.0m | €1.3m | €0.9m | €0.5m | ▼ 44.3% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.1m | €0.04m | ▼ 65.2% |
| Intangible fixed assets21 | €0.008m | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.1m | €0.04m | ▼ 68.5% |
| Plant, machinery and equipment23 | - | - | €0.02m | €0.01m | €0.006m | ▼ 43.1% |
| Furniture and vehicles24 | - | - | €0.007m | €0.01m | €0.006m | ▼ 47.4% |
| Leasing and similar rights25 | - | - | €0.1m | €0.09m | €0.02m | ▼ 76.5% |
| Other tangible fixed assets26 | - | - | €0.006m | €0.005m | €0.004m | ▼ 19.1% |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €2.2m | €1.8m | €1.2m | €0.7m | €0.4m | ▼ 40.9% |
| Amounts receivable after more than one year29 | - | - | €0.07m | €0.07m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €0.07m | €0.07m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0.8m | €0.8m | €0.6m | €0.4m | €0.2m | ▼ 59.2% |
| Stocks30/36 | - | - | €0.6m | €0.4m | €0.2m | ▼ 59.2% |
| Amounts receivable within one year40/41 | €1.3m | €0.9m | €0.3m | €0.2m | €0.3m | ▲ 6.8% |
| Trade receivables40 | - | - | €0.1m | €0.1m | €0.06m | ▼ 52.9% |
| Other amounts receivable41 | - | - | €0.1m | €0.1m | €0.2m | ▲ 82.7% |
| Cash at bank and in hand54/58 | €0.03m | €0.05m | €0.3m | €0.008m | €0.01m | ▲ 47.2% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.02m | €0.004m | ▼ 81.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.0m | €1.3m | €0.9m | €0.5m | ▼ 44.3% |
| Equity10/15 | €0.5m | €0.4m | €0.4m | €0.1m | €0.2m | ▲ 84.5% |
| Contributions10/11 | €0.09m | - | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | €0.009m | €0.009m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €0.009m | €0.009m | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | €0.007m | - | - | - |
| Distributable reserves133 | - | - | €0.3m | €0.2m | €0.2m | ▲ 4.2% |
| Profit (loss) carried forward14 | - | -€0.09m | -€0.07m | -€0.2m | -€0.1m | ▲ 47.2% |
| Amounts payable17/49 | €1.9m | €1.6m | €1.0m | €0.8m | €0.3m | ▼ 63.2% |
| Amounts payable after more than one year17 | €0.05m | €0.02m | €0.1m | €0.1m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €0.1m | €0.1m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.6m | €1.6m | €0.8m | €0.7m | €0.3m | ▼ 57.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0.06m | €0.05m | €383 | ▼ 99.2% |
| Financial debts43 | - | - | €0.2m | €0.1m | €0.1m | ▼ 19.9% |
| Credit institutions430/8 | - | - | €0.2m | €0.1m | €0.1m | ▼ 19.9% |
| Trade debts44 | €1.1m | €0.5m | €0.3m | €0.3m | €0.03m | ▼ 90.2% |
| Suppliers440/4 | - | - | €0.3m | €0.3m | €0.03m | ▼ 90.2% |
| Advances received on contracts in progress46 | - | - | €0.2m | €0.2m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €0.009m | €0.03m | €0.07m | ▲ 146% |
| Taxes450/3 | - | - | €0.004m | €0.03m | €0.07m | ▲ 145% |
| Remuneration and social security454/9 | - | - | €0.005m | - | €344 | - |
| Other amounts payable47/48 | - | - | €0.04m | - | €0.06m | - |
| Accrued charges and deferred income492/3 | - | - | €316 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,095 | -€136,485 | €19,784 | -€138,713 | €93,344 | - |
| + Depreciation and write-downs630 | €48,849 | €32,541 | €25,748 | €27,235 | €17,025 | ▼ 37.5% |
| Operating cash flow (approximation) | €57,944 | -€103,944 | €45,532 | -€111,478 | €110,369 | - |
| Investment in fixed assets (approximation) | - | -€12,632 | -€6,695 | -€8,150 | €62,633 | - |
| Change in cash | - | €29,103 | €196,101 | -€243,352 | €3,620 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00081568 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00073863 | |
| 30-09-2021 | abbreviated format | 11-04-2022 | 2022-20002083 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12100154 | |
| 30-09-2019 | abbreviated format | 05-06-2020 | 2020-14700203 | |
| 30-06-2018 | abbreviated format | 01-02-2019 | 2019-03900578 | |
| 30-06-2017 | abbreviated format | 23-01-2018 | 2018-01900281 | |
| 30-06-2016 | abbreviated format | 13-01-2017 | 2017-01300385 | |
| 30-06-2015 | abbreviated format | 15-01-2016 | 2016-02100195 | |
| 30-06-2014 | abbreviated format | 15-01-2015 | 2015-01600376 |