TONES
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
19192021222324
2019 to 2024 · latest year -€939,336
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
70 d early
2022
101 d late
2021
10 d late
2020
82 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 23 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)
Financials · fiscal year 2024, full schema
Turnover
€6.0m▼ 43.3%
2023 · €10.6m
EBIT margin
-16.0%▼ 11.6pp
2023 · -4.4%
Net result
-€939,336▼ 106%
2023 · -€456,910
Working capital
€473,975▼ 56.9%
2023 · €1.1m
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
Turnover€18.3m▲ 161%€21.9m▲ 19.4%€11.8m▼ 45.8%€10.6m▼ 10.5%€6.0m▼ 43.3%
Operating result€428,867▲ 261%€1.4m▲ 235%-€172,308-€470,315▼ 173%-€960,751▼ 104%
Net result€433,196▲ 286%€1.1m▲ 150%-€156,945-€456,910▼ 191%-€939,336▼ 106%
EBIT margin2.3%▲ 0.6pp6.6%▲ 4.2pp-1.5%▼ 8.0pp-4.4%▼ 3.0pp-16.0%▼ 11.6pp
Equity€910,337▲ 90.8%€2.0m▲ 116%€1.7m▼ 11.1%€1.3m▼ 26.2%€348,965▼ 72.9%
Total assets€3.9m▲ 44.8%€4.5m▲ 15.1%€3.2m▼ 29.2%€2.7m▼ 15.0%€980,134▼ 63.9%
Debt€3.0m▲ 34.9%€2.5m▼ 15.4%€1.4m▼ 43.2%€1.4m▼ 1.5%€506,159▼ 64.5%
Working capital€602,887▲ 406%€1.7m▲ 181%€1.5m▼ 10.2%€1.1m▼ 27.7%€473,975▼ 56.9%
Staff (FTE)15▲ 18.1%18.7▲ 24.7%17.1▼ 8.6%14.3▼ 16.4%10.1▼ 29.4%
Why a figure moved sharply
- 2020 Turnover +161%, Net result +286% on 2019. The previous fiscal year ran 9 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €960,751 in 2024 against €470,315 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €980,134
Equity
€348,965 ▼ 72.9%
Provisions
€125,011
Debt
€506,159 ▼ 64.5%
Debt's share of the balance-sheet total falls from 52.5% to 51.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€932,681▼
2023 · -€429,109
Cash flow
-€911,267▼
2023 · -€415,704
Current ratio
1.94▲
2023 · 1.77
Debt to equity
1.45▲
2023 · 1.11
ROE
-269.2%▼
2023 · -35.5%
ROA
-95.8%▼
2023 · -16.8%
Interest coverage
-307.10▼
2023 · -64.13
Debt ≤ 1 year
€506,159▼
2023 · €1.4m
Income taxes
-€15,144▼
2023 · €135
Staff costs
€482,486▼
2023 · €570,403
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €22.0m | €12.0m | €10.7m | €6.1m | ▼ 43.4% |
| Turnover70 | €18.3m | €21.9m | €11.8m | €10.6m | €6.0m | ▼ 43.3% |
| Other operating income74 | - | €91,975 | €136,702 | €64,066 | €48,463 | ▼ 24.4% |
| Non-recurring operating income76A | - | - | €2,025 | €38,769 | €25 | ▼ 99.9% |
| Operating charges60/66A | - | €20.5m | €12.2m | €11.2m | €7.0m | ▼ 37.2% |
| Goods for resale, raw materials and consumables60 | - | €18.2m | €10.3m | €9.2m | €5.3m | ▼ 41.6% |
| Purchases600/8 | - | €19.2m | €9.7m | €8.8m | €3.8m | ▼ 57.1% |
| Change in stocks: decrease (increase)609 | - | -€988,446 | €512,314 | €375,809 | €1.6m | ▲ 320% |
| Services and other goods61 | - | €1.6m | €1.1m | €1.2m | €929,732 | ▼ 24.1% |
| Remuneration, social security and pensions62 | - | €673,009 | €686,732 | €570,403 | €482,486 | ▼ 15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106,177 | €52,499 | €44,878 | €41,206 | €28,070 | ▼ 31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,148 | €2,025 | €132,246 | -€96,600 | ▼ 173% |
| Other operating charges640/8 | - | €28,288 | €30,382 | €43,024 | €33,265 | ▼ 22.7% |
| Non-recurring operating charges66A | - | €2,023 | €328 | - | €293,103 | - |
| Operating profit (loss)9901 | €428,867 | €1.4m | -€172,308 | -€470,315 | -€960,751 | ▼ 104% |
| Financial income75/76B | - | €71,923 | €65,613 | €40,362 | €21,536 | ▼ 46.6% |
| Recurring financial income75 | €60,709 | €71,923 | €65,613 | €40,362 | €21,536 | ▼ 46.6% |
| Income from current assets751 | - | - | - | €12,554 | €9,984 | ▼ 20.5% |
| Other financial income752/9 | - | €71,923 | €65,613 | €27,808 | €11,552 | ▼ 58.5% |
| Financial charges65/66B | - | €62,599 | €45,322 | €26,823 | €15,265 | ▼ 43.1% |
| Recurring financial charges65 | €57,023 | €62,599 | €45,322 | €26,823 | €15,265 | ▼ 43.1% |
| Debt charges650 | €10,643 | €850 | €1,434 | €6,691 | €3,037 | ▼ 54.6% |
| Other financial charges652/9 | - | €61,749 | €43,888 | €20,132 | €12,228 | ▼ 39.3% |
| Profit (loss) for the period before taxes9903 | €432,553 | €1.4m | -€152,017 | -€456,775 | -€954,480 | ▼ 109% |
| Income taxes67/77 | -€643 | €367,196 | €4,928 | €135 | -€15,144 | ▼ 11,284% |
| Taxes670/3 | - | €367,197 | €15,497 | €135 | €9 | ▼ 93.2% |
| Tax adjustments and reversals of tax provisions77 | - | €0 | €10,570 | - | €15,153 | - |
| Profit (loss) for the period9904 | €433,196 | €1.1m | -€156,945 | -€456,910 | -€939,336 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €433,196 | €1.1m | -€156,945 | -€456,910 | -€939,336 | ▼ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €4.5m | €3.2m | €2.7m | €980,134 | ▼ 63.9% |
| Fixed assets21/28 | €310,015 | €268,441 | €226,920 | €188,143 | - | - |
| Intangible fixed assets21 | €2,942 | €4,629 | €2,537 | €774 | - | - |
| Tangible fixed assets22/27 | €307,073 | €263,811 | €224,383 | €187,369 | - | - |
| Plant, machinery and equipment23 | - | €13,501 | €8,044 | €6,975 | - | - |
| Furniture and vehicles24 | - | €5,528 | €4,799 | €1,945 | - | - |
| Other tangible fixed assets26 | - | €244,782 | €211,540 | €178,450 | - | - |
| Current assets29/58 | €3.6m | €4.2m | €3.0m | €2.5m | €980,134 | ▼ 61.2% |
| Stocks and contracts in progress3 | €1.5m | €2.5m | €2.0m | €1.5m | - | - |
| Stocks30/36 | - | €2.5m | €2.0m | €1.5m | - | - |
| Goods purchased for resale34 | - | €2.5m | €2.0m | €1.5m | - | - |
| Amounts receivable within one year40/41 | €1.2m | €940,969 | €414,619 | €728,361 | €977,774 | ▲ 34.2% |
| Trade receivables40 | - | €940,027 | €248,467 | €373,631 | €153,790 | ▼ 58.8% |
| Other amounts receivable41 | - | €942 | €166,152 | €354,730 | €823,984 | ▲ 132% |
| Cash at bank and in hand54/58 | €524,449 | €382,982 | €153,180 | €45,209 | €149 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | €444,794 | €440,456 | €295,020 | €2,211 | ▼ 99.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €4.5m | €3.2m | €2.7m | €980,134 | ▼ 63.9% |
| Equity10/15 | €910,337 | €2.0m | €1.7m | €1.3m | €348,965 | ▼ 72.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €891,737 | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Tax-exempt reserves132 | - | €22,309 | €22,309 | €22,309 | €22,309 | = |
| Distributable reserves133 | - | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Profit (loss) carried forward14 | - | - | -€156,945 | -€613,855 | -€1.6m | ▼ 153% |
| Provisions and deferred taxes16 | - | - | - | - | €125,011 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €125,011 | - |
| Other liabilities and charges164/5 | - | - | - | - | €125,011 | - |
| Amounts payable17/49 | €3.0m | €2.5m | €1.4m | €1.4m | €506,159 | ▼ 64.5% |
| Amounts payable after more than one year17 | €2,565 | - | - | - | - | - |
| Amounts payable within one year42/48 | €3.0m | €2.5m | €1.4m | €1.4m | €506,159 | ▼ 64.5% |
| Current portion of amounts payable after more than one year42 | - | €5,128 | - | - | - | - |
| Financial debts43 | - | €0 | €150,000 | - | - | - |
| Credit institutions430/8 | - | €0 | €150,000 | - | - | - |
| Trade debts44 | €1.6m | €1.9m | €580,480 | €1.3m | €439,891 | ▼ 66.0% |
| Suppliers440/4 | - | €1.9m | €580,480 | €1.3m | €439,891 | ▼ 66.0% |
| Taxes, remuneration and social security45 | - | €161,981 | €212,468 | €128,160 | €66,268 | ▼ 48.3% |
| Taxes450/3 | - | €64,680 | €116,216 | €63,911 | €25,021 | ▼ 60.9% |
| Remuneration and social security454/9 | - | €97,301 | €96,251 | €64,249 | €41,247 | ▼ 35.8% |
| Other amounts payable47/48 | - | €500,138 | €500,682 | €1,480 | - | - |
| Accrued charges and deferred income492/3 | - | - | €3,060 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €433,196 | €1.1m | -€156,945 | -€456,910 | -€939,336 | ▼ 106% |
| + Depreciation and write-downs630 | €106,177 | €52,499 | €44,878 | €41,206 | €28,070 | ▼ 31.9% |
| Operating cash flow (approximation) | €539,373 | €1.1m | -€112,067 | -€415,704 | -€911,267 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€10,924 | -€3,358 | -€2,429 | - | - |
| Change in cash | - | -€141,467 | -€229,802 | -€107,970 | -€45,060 | ▲ 58.3% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€939,336
Net result drops to -€939,336, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 101 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
31-12
Financial
Highest result since 2019net €1.1m ▲150%
Operating result €1.4m, net result €1.1m, both a record.
31-12
Financial
Equity above €1mEq €2.0m ▲116%
3 profitable years in a row build equity to €2.0m.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500,000Eq €910,337 ▲90.8%
2 profitable years in a row build equity to €910,337.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €112,168
Net result €112,168 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2024100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of TONES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,528 EUR awarded · 10,528 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 885 EUR | 885 EUR |
| 2024 | 1 | 2,462 EUR | 2,462 EUR |
| 2023 | 1 | 3,253 EUR | 3,253 EUR |
| 2022 | 1 | 3,928 EUR | 3,928 EUR |