THE DIPLOMAT

Active

Private limited companyfounded 201213 yrs activeVroonbaan 17, 1880 Kapelle-op-den-Bos, BelgiumKBO/BCE: BE 0501.783.374

THE DIPLOMAT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 88% of 6717 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2024

84 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability84▼-16

Solvency100=

Growth85=

Track record100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 4.9 against 5.56 in 2023; short-term debt: 17.4% and cash: 60.2% of total assets), and 17.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €186k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

29 d late

2022

3 d late

2021

4 d early

2020

22 d late

2019

121 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€547k▲ 129%

2023 · €239k

2019: €0 2020: €8k 2021: €22k 2022: €55k 2023: €239k

2019 → 2024

EBIT margin

13.1%▼ 45.1pp

2023 · 58.2%

2020: 53.9% 2021: 26.7% 2022: 25.1% 2023: 58.2%

2020 → 2024

Net result

€34k▼ 75.2%

2023 · €139k

2018: €-1k 2019: €-19k 2020: €-3k 2021: €6k 2022: €14k 2023: €139k

2018 → 2024

Working capital

€152k▲ 4.2%

2023 · €146k

2020: €-7k 2021: €-2k 2022: €24k 2023: €146k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€8k-€22k▲ 175%€55k▲ 146%€239k▲ 338%€547k▲ 129%

Equity€-7k-€-630▲ 90.3%€13k€152k▲ 1,076%€186k▲ 22.7%

Operating result€4k-€6k▲ 35.8%€14k▲ 132%€139k▲ 915%€71k▼ 48.7%

Net result€-3k-€6k€14k▲ 131%€139k▲ 926%€34k▼ 75.2%

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 49% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €225k

15.0%

85.0%

Fixed assets €34k▲ 512%

Current assets €192k▲ 7.4%

Equity and liabilities €225k

82.6%

17.4%

Equity €186k▲ 22.7%

Debt €39k▲ 21.9%

The debt ratio falls from 17.5% to 17.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€78k▼

2023 · €141k

Cash flow

€41k▼

2023 · €141k

Solvency

82.6%▲

2023 · 82.5%

Current ratio

4.90▼

2023 · 5.56

Quick ratio

4.90▼

2023 · 5.56

Debt / equity

0.21▼

2023 · 0.21

ROE

18.5%▼

2023 · 91.5%

ROA

15.3%▼

2023 · 75.5%

Interest coverage

35.84▼

2023 · 2942.04

Debt

€39k▲

2023 · €32k

Debt ≤ 1 year

€39k▲

2023 · €32k

Income taxes

€35k

Staff costs

€136k▲

2023 · €19k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€184k€225k▲

Fixed assets21/28€6k€34k▲

Tangible fixed assets22/27€6k€34k▲

Plant, machinery and equipment23€426€320▼

Furniture and vehicles24€5k€33k▲

Current assets29/58€178k€192k▲

Amounts receivable within one year40/41€29k€56k▲

Trade receivables40€29k€48k▲

Other amounts receivable41-€8k

Cash at bank and in hand54/58€136k€136k▲

Deferred charges and accrued income490/1€14k-

Equity and liabilities

Total equity and liabilities10/49€184k€225k▲

Equity10/15€152k€186k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€131k€166k▲

Amounts payable17/49€32k€39k▲

Amounts payable within one year42/48€32k€39k▲

Trade debts44€3k€7k▲

Suppliers440/4€3k€7k▲

Taxes, remuneration and social security45€19k€32k▲

Taxes450/3€13k€13k▲

Remuneration and social security454/9€7k€19k▲

Other amounts payable47/48€10k-

Accrued charges and deferred income492/3-€22

Income statement Code20232024

Turnover70€239k€547k▲

Goods, raw materials, services and sundry goods60/61€78k€330k▲

Remuneration, social security and pensions62€19k€136k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲

Other operating charges640/8€1k€2k▲

Non-recurring operating charges66A-€773

Gross operating margin9900€161k€216k▲

Operating profit (loss)9901€139k€71k▼

Financial income75/76B-€534

Recurring financial income75-€534

Financial charges65/66B€274€2k▲

Recurring financial charges65€48€2k▲

Non-recurring financial charges66B€226-

Profit (loss) for the period before taxes9903€139k€70k▼

Income taxes67/77-€35k

Profit (loss) for the period9904€139k€34k▼

Profit (loss) for the period to be appropriated9905€139k€34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€131k€166k▲

Profit (loss) brought forward from the previous period14P€-8k€131k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Highest result since 2018net €139k ▲926%

Operating result €139k, net result €139k, both a record.

31-12

Financial Equity above €150kEq €152k ▲1076%

3 profitable years in a row build equity to €152k.

03-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 3 days late

2022

31-12

Financial Liquidity times 6current ratio 5.31

Current ratio from 0.88 to 5.31; short-term debt falls from €15k to €6k.

27-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €6k

Net result €6k after 3 loss-making years.

22-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 22 days late

2020

29-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 121 days late

2019

31-12

Financial Weakest financial yearnet €-19k

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

26-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 26 days late

2018

29-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 60 days late

2017

30-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

31-10

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 92 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Kapelle-op-den-Bos · 1 establishment unit since 2012

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vroonbaan 171880 Kapelle-op-den-Bos

Ground area

959 m²

Building footprint

274 m²

Volume, LiDAR

2,281 m³