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Open bankruptcyFinancials · financial year 2025, abbreviated format
2025 annual accounts filed late (20 days) Filed on 20 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00040939.
Turnover
≈ €890,000
Estimated: probably between €410,000 and €2.2m
Total assets
€929,271▼ 9.3%
2024 · €1.0m
Net result
-€53,810▼ 590%
2024 · -€7,801
Working capital
€23,986▼ 80.7%
2024 · €124,217
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €5,120 after €4,742 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.005m
2025
Net result-€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.9m
2025
Equity€0.01m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.02m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-5.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.04m-€0.01m▼ 71.5%-€0.05m€0.03m€0.1m▲ 277%€0.005m▼ 95.1%-€0.005m
Net result€0.03m-€0.01mwithin the sector's middle half▼ 69.5%-€0.07mbelow the sector's middle half€0.02mwithin the sector's middle half€0.06mabove the sector's middle half▲ 269%-€0.008mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 590%
Equity€0.06m-€0.07mwithin the sector's middle half▲ 15.9%€0.001mbelow the sector's middle half▼ 98.7%€0.02mwithin the sector's middle half▲ 19×€0.07mwithin the sector's middle half▲ 349%€0.06mbelow the sector's middle half▼ 10.9%€0.01mbelow the sector's middle half▼ 84.0%
Total assets€0.3m-€0.4mabove the sector's middle half▲ 73.3%€0.6mabove the sector's middle half▲ 43.9%€0.7mabove the sector's middle half▲ 10.0%€0.8mabove the sector's middle half▲ 15.9%€1.0mwithin the sector's middle half▲ 25.4%€0.9mwithin the sector's middle half▼ 9.3%
Debt€0.2m-€0.4m▲ 90.1%€0.6m▲ 69.3%€0.7m▲ 7.7%€0.7m▲ 8.2%€1.0m▲ 28.8%€0.9m▼ 4.4%
Working capital€0.03m-€0.03mwithin the sector's middle half▼ 8.4%-€0.03mbelow the sector's middle half-€0.007mwithin the sector's middle half▲ 78.1%€0.07mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 77.9%€0.02mwithin the sector's middle half▼ 80.7%
Solvency22.6%-15.1%within the sector's middle half▼ 7.5pp0.1%below the sector's middle half▼ 15.0pp2.3%below the sector's middle half▲ 2.1pp8.8%within the sector's middle half▲ 6.5pp6.3%below the sector's middle half▼ 2.5pp1.1%below the sector's middle half▼ 5.1pp
Current ratio1.19-1.13within the sector's middle half▼ 0.070.89below the sector's middle half▼ 0.240.98within the sector's middle half▲ 0.091.15within the sector's middle half▲ 0.161.29within the sector's middle half▲ 0.141.05below the sector's middle half▼ 0.24
Return on assets (ROA)13.1%-2.3%within the sector's middle half▼ 10.8pp-10.4%below the sector's middle half▼ 12.7pp2.1%within the sector's middle half▲ 12.5pp6.8%within the sector's middle half▲ 4.7pp-0.8%below the sector's middle half▼ 7.6pp-5.8%below the sector's middle half▼ 5.0pp
Staff (FTE)0.3-1within the sector's middle half▲ 233%2.9▲ 190%2.8▼ 3.4%2.8=2.2within the sector's middle half▼ 21.4%2within the sector's middle half▼ 9.1%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €929,271
Fixed assets
€419,534 ▼ 11.0%
Current assets
€509,738 ▼ 7.9%
Equity and liabilities €929,271
Equity
€10,269 ▼ 84.0%
Debt
€919,003 ▼ 4.4%
Debt's share of the balance-sheet total rises from 93.7% to 98.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44,343▼
2024 · €52,806
Cash flow
-€4,348▼
2024 · €40,263
Quick ratio
0.41▼
2024 · 0.54
Debt to equity
89.49▲
2024 · 15.00
ROE
-524.0%▼
2024 · -12.2%
Interest coverage
0.72▼
2024 · 1.36
Debt ≤ 1 year
€485,752▲
2024 · €429,321
Debt > 1 year
€424,530▼
2024 · €531,554
Income taxes
€0▼
2024 · €9,904
Staff costs
€185,024▲
2024 · €169,282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €123,051 | €144,347 | €182,961 | €169,282 | €185,024 | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,424 | €31,650 | €58,721 | €62,861 | €58,153 | €48,064 | €49,462 | ▲ 2.9% |
| Other operating charges640/8 | - | - | €5,034 | €3,528 | €10,527 | €30,976 | €6,356 | ▼ 79.5% |
| Gross operating margin9900 | €83,141 | €95,470 | €135,240 | €236,302 | €348,090 | €253,064 | €235,723 | ▼ 6.9% |
| Operating profit (loss)9901 | €44,451 | €12,686 | -€51,566 | €25,567 | €96,449 | €4,742 | -€5,120 | - |
| Financial income75/76B | - | - | €2,934 | €1,553 | €166 | €36,146 | €12,710 | ▼ 64.8% |
| Recurring financial income75 | €2,164 | €3,294 | €1,370 | €1,553 | €166 | €36,146 | €12,710 | ▼ 64.8% |
| Non-recurring financial income76B | - | - | €1,563 | - | - | - | - | - |
| Financial charges65/66B | - | - | €17,910 | €11,750 | €18,570 | €38,785 | €61,400 | ▲ 58.3% |
| Recurring financial charges65 | €8,997 | €5,734 | €13,489 | €11,750 | €18,570 | €38,785 | €61,400 | ▲ 58.3% |
| Non-recurring financial charges66B | - | - | €4,421 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €37,618 | €10,246 | -€66,543 | €15,369 | €78,045 | €2,103 | -€53,810 | - |
| Income taxes67/77 | €4,000 | - | - | €208 | €22,173 | €9,904 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €33,618 | €10,246 | -€66,543 | €15,161 | €55,872 | -€7,801 | -€53,810 | ▼ 590% |
| Profit (loss) for the period to be appropriated9905 | €33,618 | €10,246 | -€66,543 | €15,161 | €55,872 | -€7,801 | -€53,810 | ▼ 590% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | €1.0m | €0.9m | ▼ 9.3% |
| Fixed assets21/28 | €0.05m | €0.2m | €0.4m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 11.0% |
| Intangible fixed assets21 | €0.005m | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.04m | €0.2m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 24.9% |
| Plant, machinery and equipment23 | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 21.7% |
| Furniture and vehicles24 | - | - | €0.04m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 22.7% |
| Other tangible fixed assets26 | - | - | €0.04m | €0.03m | €0.02m | €0.01m | €0.003m | ▼ 74.9% |
| Financial fixed assets28 | €0.003m | €0.01m | €0.002m | €0.002m | €0.002m | €0.3m | €0.3m | ▼ 0.9% |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.5m | ▼ 7.9% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 3.5% |
| Stocks30/36 | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 3.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 3.8% |
| Trade receivables40 | - | - | €0.1m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 19.0% |
| Other amounts receivable41 | - | - | €0.006m | - | €0.001m | €0.01m | €0.05m | ▲ 347% |
| Cash at bank and in hand54/58 | €0.009m | €0.01m | €0.005m | €0.01m | €0.02m | €0.03m | €1 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | €0.009m | €0.01m | €0.01m | €0.005m | ▼ 48.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | €1.0m | €0.9m | ▼ 9.3% |
| Equity10/15 | €0.06m | €0.07m | €0.001m | €0.02m | €0.07m | €0.06m | €0.01m | ▼ 84.0% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | - | €0.002m | - |
| Other1319 | - | - | - | - | - | €0.002m | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | €0.01m | €0.01m | €0.01m | - | - | - |
| Profit (loss) carried forward14 | €0.03m | €0.04m | -€0.03m | -€0.01m | €0.04m | €0.04m | -€0.02m | - |
| Amounts payable17/49 | €0.2m | €0.4m | €0.6m | €0.7m | €0.7m | €1.0m | €0.9m | ▼ 4.4% |
| Amounts payable after more than one year17 | €0.02m | €0.1m | €0.4m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 20.1% |
| Financial debts170/4 | - | - | €0.4m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 20.1% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | - | €0.05m | €0.05m | €0.05m | €0.1m | €0.2m | ▲ 12.5% |
| Financial debts43 | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 62.5% |
| Credit institutions430/8 | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 62.5% |
| Trade debts44 | €0.02m | €0.09m | €0.07m | €0.09m | €0.2m | €0.1m | €0.2m | ▲ 96.3% |
| Suppliers440/4 | - | - | €0.07m | €0.09m | €0.2m | €0.1m | €0.2m | ▲ 96.3% |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.04m | €0.06m | €0.05m | €0.05m | ▼ 8.4% |
| Taxes450/3 | - | - | €0.02m | €0.01m | €0.02m | €0.05m | €0.004m | ▼ 91.0% |
| Remuneration and social security454/9 | - | - | €0.02m | €0.03m | €0.04m | €0.009m | €0.05m | ▲ 392% |
| Other amounts payable47/48 | - | - | - | - | - | - | €13 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.009m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,618 | €10,246 | -€66,543 | €15,161 | €55,872 | -€7,801 | -€53,810 | ▼ 590% |
| + Depreciation and write-downs630 | €24,424 | €31,650 | €58,721 | €62,861 | €58,153 | €48,064 | €49,462 | ▲ 2.9% |
| Operating cash flow (approximation) | €58,042 | €41,896 | -€7,822 | €78,022 | €114,026 | €40,263 | -€4,348 | - |
| Investment in fixed assets (approximation) | - | -€153,222 | -€275,062 | -€2,425 | €0 | -€251,397 | €2,420 | - |
| Change in cash | - | €3,655 | -€8,062 | €8,870 | €1,569 | €19,741 | -€34,849 | - |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 20-02-2026 | 2026-00040939 |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00025798 |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00533685 |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00021422 |
| 30-06-2021 | micro format | 15-09-2022 | 2022-20431589 |
| 30-06-2020 | micro format | 31-03-2021 | 2021-09100529 |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03900259 |
| 30-06-2018 | abbreviated format | 30-01-2019 | 2019-03700359 |
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Of the 1,111 active companies whose main activity is agents in the wholesale of timber and building materials (NACE 46130), figures are known for 659. 314 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €174 awarded · €174 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.