STEPS & PASSES
InactiveInactive since 11-09-2026; last annual accounts for fiscal year 2024. Dissolved and wound up in a single deed on 21-08-2026; books and records kept by Faveere Joris in Zwevegem (5 years).
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
8 d late
2022
35 d early
2021
6 d early
2020
5 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 10 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)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€231,920▲ 2.6%
2023 · €226,034
Total assets
€308,274▲ 3.8%
2023 · €296,877
Net result
€5,886▼ 51.4%
2023 · €12,114
Working capital
€227,156▲ 3.4%
2023 · €219,622
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€75,066▼ 25.1%€58,434▼ 22.2%€47,476▼ 18.8%€61,210▲ 28.9%€9,959▼ 83.7%
Net result€15,898€8,922▼ 43.9%-€2,238€12,114€5,886▼ 51.4%
Equity€269,337▲ 6.3%€278,258▲ 3.3%€276,020▼ 0.8%€226,034▼ 18.1%€231,920▲ 2.6%
Total assets€359,879▲ 15.7%€329,138▼ 8.5%€311,387▼ 5.4%€296,877▼ 4.7%€308,274▲ 3.8%
Debt€90,543▲ 57.0%€50,880▼ 43.8%€35,367▼ 30.5%€70,843▲ 100%€76,354▲ 7.8%
Working capital€256,435▲ 4.5%€280,039▲ 9.2%€272,185▼ 2.8%€219,622▼ 19.3%€227,156▲ 3.4%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 84% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €308,274
Fixed assets
€4,764 ▼ 25.7%
Current assets
€303,510 ▲ 4.5%
Equity and liabilities €308,274
Equity
€231,920 ▲ 2.6%
Debt
€76,354 ▲ 7.8%
Debt's share of the balance-sheet total rises from 23.9% to 24.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,845▼
2023 · €64,718
Cash flow
€8,772▼
2023 · €15,622
Current ratio
3.98▼
2023 · 4.10
Quick ratio
0.42▲
2023 · 0.10
Debt to equity
0.33▲
2023 · 0.31
ROE
2.5%▼
2023 · 5.4%
ROA
1.9%▼
2023 · 4.1%
Interest coverage
2.02▲
2023 · 1.18
Debt ≤ 1 year
€76,354▲
2023 · €70,843
Income taxes
€2,916▲
2023 · €584
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €205 | €575 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,423 | €2,989 | €3,598 | €3,508 | €2,887 | ▼ 17.7% |
| Other operating charges640/8 | - | €1,743 | €1,680 | €1,264 | €851 | ▼ 32.7% |
| Gross operating margin9900 | €79,488 | €63,167 | €52,958 | €66,557 | €13,696 | ▼ 79.4% |
| Operating profit (loss)9901 | €75,066 | €58,434 | €47,476 | €61,210 | €9,959 | ▼ 83.7% |
| Financial income75/76B | - | €5,391 | €6,538 | €6,160 | €5,216 | ▼ 15.3% |
| Recurring financial income75 | €8,061 | €5,391 | €6,538 | €6,160 | €5,216 | ▼ 15.3% |
| Financial charges65/66B | - | €54,412 | €55,784 | €54,673 | €6,374 | ▼ 88.3% |
| Recurring financial charges65 | €66,761 | €54,412 | €55,784 | €54,673 | €6,374 | ▼ 88.3% |
| Profit (loss) for the period before taxes9903 | €16,366 | €9,414 | -€1,770 | €12,698 | €8,801 | ▼ 30.7% |
| Income taxes67/77 | €468 | €492 | €468 | €584 | €2,916 | ▲ 399% |
| Profit (loss) for the period9904 | €15,898 | €8,922 | -€2,238 | €12,114 | €5,886 | ▼ 51.4% |
| Profit (loss) for the period to be appropriated9905 | €15,898 | €8,922 | -€2,238 | €12,114 | €5,886 | ▼ 51.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €359,879 | €329,138 | €311,387 | €296,877 | €308,274 | ▲ 3.8% |
| Fixed assets21/28 | €12,902 | €13,368 | €8,918 | €6,412 | €4,764 | ▼ 25.7% |
| Intangible fixed assets21 | - | - | €1,310 | €995 | €680 | ▼ 31.7% |
| Tangible fixed assets22/27 | €6,936 | €7,401 | €7,608 | €5,417 | €4,084 | ▼ 24.6% |
| Plant, machinery and equipment23 | - | €713 | €356 | - | - | - |
| Furniture and vehicles24 | - | €4,103 | €3,015 | €2,646 | €2,214 | ▼ 16.3% |
| Other tangible fixed assets26 | - | €2,586 | €4,236 | €2,771 | €1,869 | ▼ 32.5% |
| Financial fixed assets28 | €5,966 | €5,966 | - | - | - | - |
| Current assets29/58 | €346,978 | €315,771 | €302,469 | €290,465 | €303,510 | ▲ 4.5% |
| Stocks and contracts in progress3 | €300,702 | €276,333 | €279,097 | €283,609 | €271,661 | ▼ 4.2% |
| Stocks30/36 | - | €276,333 | €279,097 | €283,609 | €271,661 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €2 | - | €8,309 | €744 | €713 | ▼ 4.2% |
| Trade receivables40 | - | - | €1,028 | - | - | - |
| Other amounts receivable41 | - | - | €7,281 | €744 | €713 | ▼ 4.2% |
| Cash at bank and in hand54/58 | €46,273 | €38,616 | €15,063 | €6,112 | €31,137 | ▲ 409% |
| Deferred charges and accrued income490/1 | - | €822 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €359,879 | €329,138 | €311,387 | €296,877 | €308,274 | ▲ 3.8% |
| Equity10/15 | €269,337 | €278,258 | €276,020 | €226,034 | €231,920 | ▲ 2.6% |
| Contributions10/11 | - | €257,142 | €257,142 | €195,042 | €195,042 | = |
| Reserves13 | €12,195 | €21,116 | €18,878 | €30,992 | €36,878 | ▲ 19.0% |
| Non-distributable reserves130/1 | - | €3,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | €3,859 | - | - | - | - |
| Distributable reserves133 | - | €17,257 | €18,878 | €30,992 | €36,878 | ▲ 19.0% |
| Profit (loss) carried forward14 | -€15,138 | - | - | - | - | - |
| Amounts payable17/49 | €90,543 | €50,880 | €35,367 | €70,843 | €76,354 | ▲ 7.8% |
| Amounts payable after more than one year17 | - | €15,149 | €5,083 | - | - | - |
| Financial debts170/4 | - | €15,149 | €5,083 | - | - | - |
| Amounts payable within one year42/48 | €90,543 | €35,731 | €30,284 | €70,843 | €76,354 | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | €9,934 | €10,066 | €5,083 | - | - |
| Trade debts44 | €7,276 | €11,255 | €10,462 | €1,493 | €6,203 | ▲ 315% |
| Suppliers440/4 | - | €11,255 | €10,462 | €1,493 | €6,203 | ▲ 315% |
| Taxes, remuneration and social security45 | - | €12,643 | €9,756 | €10,402 | €14,560 | ▲ 40.0% |
| Taxes450/3 | - | €12,643 | €9,756 | €10,402 | €14,560 | ▲ 40.0% |
| Other amounts payable47/48 | - | €1,900 | - | €53,865 | €55,591 | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,898 | €8,922 | -€2,238 | €12,114 | €5,886 | ▼ 51.4% |
| + Depreciation and write-downs630 | €2,423 | €2,989 | €3,598 | €3,508 | €2,887 | ▼ 17.7% |
| Operating cash flow (approximation) | €18,321 | €11,911 | €1,360 | €15,622 | €8,772 | ▼ 43.8% |
| Investment in fixed assets (approximation) | - | -€3,455 | €852 | -€1,002 | -€1,239 | ▼ 23.6% |
| Change in cash | - | -€7,658 | -€23,553 | -€8,951 | €25,025 | ▲ 380% |
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
2026
18-09
State Gazette act
General meeting · Net-asset statementResignation: Faveere Joris (director) · Auditor report · Declaration22 facts ▸
State Gazette act
General meeting · Net-asset statement
Resignation: Faveere Joris (director) · Auditor report · Declaration22 facts ▸
- General meeting, 21-08-2026
- Net-asset statement, 22-05-2026
- Auditor report, 19-08-2026
- Other statement, 19-08-2026
- General meeting, 21-08-2026
- General meeting, waiver of deadlines and formalities for ordinary liquidation procedure, confirmation of knowledge of accounts and documents
- Director in office, Faveere Joris (director)
- Declaration, no debts towards third parties or funds consigned
- Declaration, personal guarantee for potential future liabilities
- Declaration, no auditor appointed
- Declaration, knowledge and exercise of individual research right under article 2:100 WVV
- Dissolution, 21-08-2026
- +10 further facts in this act
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Back to profitnet €12,114
Net result €12,114 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 8.84
Current ratio from 3.83 to 8.84; short-term debt falls from €90,543 to €35,731.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €15,898
Net result €15,898 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zwevegem
Ground area
810 m²
Building footprint
232 m²
Volume, LiDAR
1,021 m³
Parcel 34042D0359/00P000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042D0359/00P000 | Flanders | 810 m² | 1 · 232 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Faveere Joris |
|
Articles of association
Other statement
4 provisions in the deed
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 326 EUR awarded · 326 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 326 EUR | 326 EUR |