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ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 December 2025 The financial year closed on 31 May 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 19-11-2024 PDF all 2 filings
Turnover
≈ €76,000
Estimated: probably between €32,000 and €120,000
EBIT margin
Not included in this filing
Net result
€4,088▲ 228%
2023 · €1,248
Working capital
€11,327▲ 266%
2023 · €3,091
Multi-year overview
2023 to 2024, 2 financial yearsOperating result
€5,166
▲ 197%
2024
20232024
Net result
€4,088
▲ 228%
2024
middle half of the sector
20232024
Equity
€8,335
▲ 96.2%
2024
lowest quarter of the sector
20232024
Total assets
€34,149
▲ 106%
2024
lowest quarter of the sector
20232024
Debt
€25,813
▲ 109%
2024
20232024
Working capital
€11,327
▲ 266%
2024
lowest quarter of the sector
20232024
Solvency
24.4%
▼ 1.2pp
2024
middle half of the sector
20232024
Current ratio
1.63
▲ 0.37
2024
middle half of the sector
20232024
Return on assets (ROA)
12.0%
▲ 4.4pp
2024
highest quarter of the sector
20232024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result€1,740-€5,166▲ 197%
Net result€1,248within the sector's middle half-€4,088within the sector's middle half▲ 228%
Equity€4,248below the sector's middle half-€8,335below the sector's middle half▲ 96.2%
Total assets€16,589below the sector's middle half-€34,149below the sector's middle half▲ 106%
Debt€12,341-€25,813▲ 109%
Working capital€3,091below the sector's middle half-€11,327below the sector's middle half▲ 266%
Solvency25.6%within the sector's middle half-24.4%within the sector's middle half▼ 1.2pp
Current ratio1.26within the sector's middle half-1.63within the sector's middle half▲ 0.37
Return on assets (ROA)7.5%within the sector's middle half-12.0%above the sector's middle half▲ 4.4pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 197% higher than in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34,149
Fixed assets
€4,839 ▲ 228%
Current assets
€29,310 ▲ 93.9%
Equity and liabilities €34,149
Equity
€8,335 ▲ 96.2%
Debt
€25,813 ▲ 109%
Debt's share of the balance-sheet total rises from 74.4% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,627▲
2023 · €2,852
Cash flow
€4,548▲
2023 · €2,360
Debt to equity
3.10▲
2023 · 2.91
ROE
49.0%▲
2023 · 29.4%
Interest coverage
over 100
2023 · over 100
Debt ≤ 1 year
€17,983▲
2023 · €12,024
Income taxes
€1,357▲
2023 · €464
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 31-05-2023 | 31-05-2024 |
|---|---|---|
| Overdue tax debts | €464 | €438 |
Source: notes to the 2023 to 2024 annual accounts (statement of debts)
Investments
| Item | 31-05-2023 | 31-05-2024 |
|---|---|---|
| Tangible fixed assets | €1,586 | €3,826 |
| Intangible fixed assets | €1,000 | - |
| Depreciation and write-downs of the year | €1,112 | €461 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,112 | €461 | ▼ 58.6% |
| Other operating charges640/8 | - | €1,546 | - |
| Gross operating margin9900 | €2,852 | €7,172 | ▲ 151% |
| Operating profit (loss)9901 | €1,740 | €5,166 | ▲ 197% |
| Financial income75/76B | €0 | €326 | ▲ 32,575× |
| Recurring financial income75 | €0 | €0 | ▲ 100% |
| Non-recurring financial income76B | - | €326 | - |
| Financial charges65/66B | €28 | €47 | ▲ 64.3% |
| Recurring financial charges65 | €28 | €47 | ▲ 64.3% |
| Profit (loss) for the period before taxes9903 | €1,712 | €5,445 | ▲ 218% |
| Income taxes67/77 | €464 | €1,357 | ▲ 192% |
| Profit (loss) for the period9904 | €1,248 | €4,088 | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | €1,248 | €4,088 | ▲ 228% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €16,589 | €34,149 | ▲ 106% |
| Fixed assets21/28 | €1,474 | €4,839 | ▲ 228% |
| Tangible fixed assets22/27 | €1,474 | €4,839 | ▲ 228% |
| Plant, machinery and equipment23 | €1,474 | €2,958 | ▲ 101% |
| Furniture and vehicles24 | - | €1,881 | - |
| Current assets29/58 | €15,115 | €29,310 | ▲ 93.9% |
| Amounts receivable within one year40/41 | €13,719 | €22,143 | ▲ 61.4% |
| Trade receivables40 | €8,252 | €2,856 | ▼ 65.4% |
| Other amounts receivable41 | €5,467 | €19,287 | ▲ 253% |
| Cash at bank and in hand54/58 | €1,396 | €7,166 | ▲ 413% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €16,589 | €34,149 | ▲ 106% |
| Equity10/15 | €4,248 | €8,335 | ▲ 96.2% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €1,248 | €5,335 | ▲ 328% |
| Amounts payable17/49 | €12,341 | €25,813 | ▲ 109% |
| Amounts payable within one year42/48 | €12,024 | €17,983 | ▲ 49.6% |
| Trade debts44 | €9,670 | €15,834 | ▲ 63.7% |
| Suppliers440/4 | €9,670 | €15,834 | ▲ 63.7% |
| Taxes, remuneration and social security45 | €2,354 | €1,821 | ▼ 22.6% |
| Taxes450/3 | €2,354 | €1,821 | ▼ 22.6% |
| Other amounts payable47/48 | - | €327 | - |
| Accrued charges and deferred income492/3 | €317 | €7,831 | ▲ 25× |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,248 | €4,088 | ▲ 228% |
| + Depreciation and write-downs630 | €1,112 | €461 | ▼ 58.6% |
| Operating cash flow (approximation) | €2,360 | €4,548 | ▲ 92.7% |
| Investment in fixed assets (approximation) | - | -€3,826 | - |
| Change in cash | - | €5,770 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.