TEAMWORK PROJECTS
InactiveFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00436473.
Annual accounts 2024 filed on 29-08-2025 PDF all 4 filings
Turnover
≈ €790,000
Estimated: probably between €470,000 and €1.3m
Total assets
€486,946▼ 25.3%
2023 · €652,014
Net result
€67,987
2023 · -€13,227
Working capital
€34,299
2023 · -€30,341
Trend over the years
2021 to 2024, 4 financial years
The operating result for 2024 is a profit of €74,466, after a loss of €8,995 in 2023. It is the highest result since 2021.
Operating result€74,466
2024
Net result€67,987
2024
Total assets€486,946
2024
Equity€55,620
2024
Debt€431,326
2024
Working capital€34,299
2024
Staff (FTE)2.4
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€11,248--€6,524-€8,995▼ 37.9%€74,466
Net result€3,414--€8,755-€13,227▼ 51.1%€67,987
Equity€9,614-€859▼ 91.1%-€12,367€55,620
Total assets€269,970-€159,005▼ 41.1%€652,014▲ 310%€486,946▼ 25.3%
Debt€260,356-€158,146▼ 39.3%€664,382▲ 320%€431,326▼ 35.1%
Working capital€9,614--€3,411-€30,341▼ 790%€34,299
Staff (FTE)0.7-2.4▲ 243%
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
2024 in colour, 2023 as the grey bar beneath
Assets €486,946
Fixed assets
€21,321 ▲ 18.4%
Current assets
€465,625 ▼ 26.6%
Equity and liabilities €486,946
Equity
€55,620
Debt
€431,326
Debt's share of the balance-sheet total is 88.6%.
Key figures and ratios
EBITDA
€81,321▲
2023 · -€3,774
Cash flow
€74,843▲
2023 · -€8,006
Current ratio
1.08▲
2023 · 0.95
Debt to equity
7.75
ROE
122.2%
ROA
14.0%▲
2023 · -2.0%
Interest coverage
12.55▲
2023 · -1.59
Debt ≤ 1 year
€431,326▼
2023 · €664,342
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 4 |
| full-time | 1 | 3 |
| part-time | - | 1 |
| in full-time equivalents | 1 | 3.6 |
| Average over the year, in full-time equivalents | 0.7 | 2.4 |
| On a permanent contract | 1 | 3 |
| Joined | 14 | 11 |
| Left | 13 | 8 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €5,776 | €17,014 | €9,564 |
| Financial fixed assets | - | - | €1,950 | €600 |
| Depreciation and write-downs of the year | - | €1,506 | €5,221 | €6,856 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €249,569 | - |
| Remuneration, social security and pensions62 | €37,255 | €118,080 | €2,202 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,506 | €5,221 | €6,856 | ▲ 31.3% |
| Other operating charges640/8 | €851 | €545 | €18,659 | €251,345 | ▲ 13× |
| Non-recurring operating charges66A | - | - | €6,867 | - | - |
| Gross operating margin9900 | €49,354 | €113,607 | €23,954 | €332,666 | ▲ 14× |
| Operating profit (loss)9901 | €11,248 | -€6,524 | -€8,995 | €74,466 | - |
| Financial income75/76B | €73 | €100 | €121 | €3 | ▼ 97.3% |
| Recurring financial income75 | €73 | €100 | €121 | €3 | ▼ 97.3% |
| Financial charges65/66B | €6,307 | €2,331 | €2,376 | €6,482 | ▲ 173% |
| Recurring financial charges65 | €6,307 | €2,331 | €2,376 | €6,482 | ▲ 173% |
| Profit (loss) for the period before taxes9903 | €5,014 | -€8,755 | -€11,250 | €67,987 | - |
| Income taxes67/77 | €1,600 | - | €1,976 | - | - |
| Profit (loss) for the period9904 | €3,414 | -€8,755 | -€13,227 | €67,987 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €248,431 | - |
| Profit (loss) for the period to be appropriated9905 | €3,414 | -€8,755 | -€13,227 | -€180,444 | ▼ 1,264% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €269,970 | €159,005 | €652,014 | €486,946 | ▼ 25.3% |
| Fixed assets21/28 | - | €4,270 | €18,013 | €21,321 | ▲ 18.4% |
| Tangible fixed assets22/27 | - | €4,270 | €16,063 | €18,771 | ▲ 16.9% |
| Plant, machinery and equipment23 | - | €4,270 | €16,063 | €17,424 | ▲ 8.5% |
| Other tangible fixed assets26 | - | - | - | €1,347 | - |
| Financial fixed assets28 | - | - | €1,950 | €2,550 | ▲ 30.8% |
| Current assets29/58 | €269,970 | €154,735 | €634,001 | €465,625 | ▼ 26.6% |
| Amounts receivable within one year40/41 | €194,980 | €150,530 | €630,259 | €465,169 | ▼ 26.2% |
| Trade receivables40 | €92,370 | €83,731 | €53,274 | €163,214 | ▲ 206% |
| Other amounts receivable41 | €102,610 | €66,799 | €576,985 | €301,955 | ▼ 47.7% |
| Cash at bank and in hand54/58 | €74,990 | €4,205 | €3,743 | €456 | ▼ 87.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €269,970 | €159,005 | €652,014 | €486,946 | ▼ 25.3% |
| Equity10/15 | €9,614 | €859 | -€12,367 | €55,620 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | €248,431 | - |
| Tax-exempt reserves132 | - | - | - | €248,431 | - |
| Profit (loss) carried forward14 | €3,414 | -€5,341 | -€18,567 | -€199,011 | ▼ 972% |
| Amounts payable17/49 | €260,356 | €158,146 | €664,382 | €431,326 | ▼ 35.1% |
| Amounts payable within one year42/48 | €260,356 | €158,146 | €664,342 | €431,326 | ▼ 35.1% |
| Trade debts44 | €225,143 | €147,297 | €545,851 | €33,969 | ▼ 93.8% |
| Suppliers440/4 | €225,143 | €147,297 | €545,851 | €33,969 | ▼ 93.8% |
| Taxes, remuneration and social security45 | €34,391 | €10,849 | €118,420 | - | - |
| Taxes450/3 | €26,667 | €1,600 | €118,420 | - | - |
| Remuneration and social security454/9 | €7,724 | €9,249 | - | - | - |
| Other amounts payable47/48 | €822 | - | €71 | €397,357 | ▲ 5,559× |
| Accrued charges and deferred income492/3 | - | - | €40 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,414 | -€8,755 | -€13,227 | €67,987 | - |
| + Depreciation and write-downs630 | - | €1,506 | €5,221 | €6,856 | ▲ 31.3% |
| Operating cash flow (approximation) | €3,414 | -€7,249 | -€8,006 | €74,843 | - |
| Investment in fixed assets (approximation) | - | - | -€18,964 | -€10,164 | ▲ 46.4% |
| Change in cash | - | -€70,785 | -€462 | -€3,286 | ▼ 611% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.