TRANSPARAND
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 12-07-2025, 19 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
19 d early
2023
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 21 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, abbreviated schema
Equity
€111,256▲ 17.1%
2023 · €95,044
Total assets
€226,296▼ 11.4%
2023 · €255,384
Net result
€16,213▼ 50.9%
2023 · €33,044
Working capital
€66,571▲ 32.3%
2023 · €50,336
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
Line20232024
Operating result€35,707-€22,086▼ 38.1%
Net result€33,044-€16,213▼ 50.9%
Equity€95,044-€111,256▲ 17.1%
Total assets€255,384-€226,296▼ 11.4%
Debt€160,341-€115,040▼ 28.3%
Working capital€50,336-€66,571▲ 32.3%
Staff (FTE)1-0.5▼ 50.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226,296
Fixed assets
€124,298 ▼ 19.1%
Current assets
€101,998 ▲ 0.3%
Equity and liabilities €226,296
Equity
€111,256 ▲ 17.1%
Debt
€115,040 ▼ 28.3%
Debt's share of the balance-sheet total falls from 62.8% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51,445▼
2023 · €86,803
Cash flow
€45,572▼
2023 · €84,140
Current ratio
2.88▲
2023 · 1.98
Debt to equity
1.03▼
2023 · 1.69
ROE
14.6%▼
2023 · 34.8%
ROA
7.2%▼
2023 · 12.9%
Interest coverage
24.38▲
2023 · 15.67
Debt ≤ 1 year
€35,427▼
2023 · €51,391
Debt > 1 year
€79,612▼
2023 · €108,294
Income taxes
€3,763
Staff costs
€29,823▼
2023 · €95,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €95,843 | €29,823 | ▼ 68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,096 | €29,359 | ▼ 42.5% |
| Other operating charges640/8 | €841 | €542 | ▼ 35.5% |
| Gross operating margin9900 | €183,487 | €81,811 | ▼ 55.4% |
| Operating profit (loss)9901 | €35,707 | €22,086 | ▼ 38.1% |
| Financial income75/76B | €2,876 | - | - |
| Recurring financial income75 | €2,876 | - | - |
| Financial charges65/66B | €5,539 | €2,110 | ▼ 61.9% |
| Recurring financial charges65 | €5,539 | €2,110 | ▼ 61.9% |
| Profit (loss) for the period before taxes9903 | €33,044 | €19,976 | ▼ 39.5% |
| Income taxes67/77 | - | €3,763 | - |
| Profit (loss) for the period9904 | €33,044 | €16,213 | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | €33,044 | €16,213 | ▼ 50.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €255,384 | €226,296 | ▼ 11.4% |
| Fixed assets21/28 | €153,658 | €124,298 | ▼ 19.1% |
| Tangible fixed assets22/27 | €153,523 | €124,163 | ▼ 19.1% |
| Furniture and vehicles24 | €36,701 | €29,520 | ▼ 19.6% |
| Leasing and similar rights25 | €116,821 | €94,643 | ▼ 19.0% |
| Financial fixed assets28 | €135 | €135 | = |
| Current assets29/58 | €101,727 | €101,998 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €94,037 | €8,454 | ▼ 91.0% |
| Trade receivables40 | €84,454 | €7,217 | ▼ 91.5% |
| Other amounts receivable41 | €9,583 | €1,237 | ▼ 87.1% |
| Cash at bank and in hand54/58 | €7,540 | €93,544 | ▲ 1,141% |
| Deferred charges and accrued income490/1 | €149 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €255,384 | €226,296 | ▼ 11.4% |
| Equity10/15 | €95,044 | €111,256 | ▲ 17.1% |
| Contributions10/11 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | = |
| Reserves13 | €33,044 | €49,256 | ▲ 49.1% |
| Non-distributable reserves130/1 | €1,652 | €2,463 | ▲ 49.1% |
| Legal reserve130 | €1,652 | €2,463 | ▲ 49.1% |
| Distributable reserves133 | €31,391 | €46,794 | ▲ 49.1% |
| Amounts payable17/49 | €160,341 | €115,040 | ▼ 28.3% |
| Amounts payable after more than one year17 | €108,294 | €79,612 | ▼ 26.5% |
| Financial debts170/4 | €108,294 | €79,612 | ▼ 26.5% |
| Amounts payable within one year42/48 | €51,391 | €35,427 | ▼ 31.1% |
| Current portion of amounts payable after more than one year42 | €26,705 | €28,682 | ▲ 7.4% |
| Trade debts44 | €22,916 | €666 | ▼ 97.1% |
| Suppliers440/4 | €22,916 | €666 | ▼ 97.1% |
| Taxes, remuneration and social security45 | €1,770 | €6,080 | ▲ 243% |
| Taxes450/3 | - | €6,080 | - |
| Remuneration and social security454/9 | €1,770 | - | - |
| Accrued charges and deferred income492/3 | €656 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €33,044 | €16,213 | ▼ 50.9% |
| + Depreciation and write-downs630 | €51,096 | €29,359 | ▼ 42.5% |
| Operating cash flow (approximation) | €84,140 | €45,572 | ▼ 45.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €86,004 | - |
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
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100,000Eq €111,256 ▲17.1%
2 profitable years in a row build equity to €111,256.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts J+ Glas 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
2024 · 1 entry · 83 EUR awarded · 83 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 83 EUR | 83 EUR |