VERSION ORIGINALE
InactiveFinancials · financial year 2024, micro format
Equity
€37,661▼ 1.2%
2023 · €38,124
Total assets
€82,121▲ 1.1%
2023 · €81,201
Net result
-€463
2023 · €7,764
Working capital
€32,172▲ 12.0%
2023 · €28,734
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen four years in a row; 2024 is 89% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1,479
2024
Net result-€463
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€82,121
2024
Equity€37,661
2024
Debt€44,460
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€32,172
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€8,964-€8,588€55,697▲ 549%€43,056▼ 22.7%€15,554▼ 63.9%€14,064▼ 9.6%€1,479▼ 89.5%
Net result-€10,181-€6,112€40,029▲ 555%€29,566▼ 26.1%€8,862▼ 70.0%€7,764▼ 12.4%-€463
Equity€5,792-€11,904▲ 106%€51,933▲ 336%€51,499▼ 0.8%€40,360▼ 21.6%€38,124▼ 5.5%€37,661▼ 1.2%
Total assets€48,012-€51,985▲ 8.3%€91,618▲ 76.2%€127,189▲ 38.8%€90,856▼ 28.6%€81,201▼ 10.6%€82,121▲ 1.1%
Debt€42,220-€40,081▼ 5.1%€39,685▼ 1.0%€75,691▲ 90.7%€50,496▼ 33.3%€43,077▼ 14.7%€44,460▲ 3.2%
Working capital€5,792-€11,904▲ 106%€51,933▲ 336%€33,870▼ 34.8%€26,851▼ 20.7%€28,734▲ 7.0%€32,172▲ 12.0%
Staff (FTE)1.7-1.4▼ 17.6%1.3▼ 7.1%2▲ 53.8%2=2=2=
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82,121
Fixed assets
€5,489 ▼ 41.5%
Current assets
€76,632 ▲ 6.7%
Equity and liabilities €82,121
Equity
€37,661 ▼ 1.2%
Debt
€44,460 ▲ 3.2%
Debt's share of the balance-sheet total rises from 53.0% to 54.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,767▼
2023 · €18,183
Cash flow
€3,825▼
2023 · €11,883
Current ratio
1.72▲
2023 · 1.67
Debt to equity
1.18▲
2023 · 1.13
ROE
-1.2%▼
2023 · 20.4%
ROA
-0.6%▼
2023 · 9.6%
Interest coverage
5.36▼
2023 · 11.80
Debt ≤ 1 year
€44,460▲
2023 · €43,077
Income taxes
€982▼
2023 · €4,761
Staff costs
€52,829▼
2023 · €53,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €50,875 | €42,611 | €53,399 | €52,829 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €825 | - | - | €1,729 | €4,119 | €4,119 | €4,288 | ▲ 4.1% |
| Other operating charges640/8 | - | - | - | €522 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €47,534 | €64,059 | €100,571 | €96,181 | €62,632 | €71,966 | €58,984 | ▼ 18.0% |
| Operating profit (loss)9901 | -€8,964 | €8,588 | €55,697 | €43,056 | €15,554 | €14,064 | €1,479 | ▼ 89.5% |
| Financial income75/76B | - | - | - | - | - | €1 | €116 | ▲ 78× |
| Recurring financial income75 | €0 | €0 | - | - | - | €1 | €116 | ▲ 78× |
| Financial charges65/66B | - | - | - | €1,426 | €1,500 | €1,541 | €1,076 | ▼ 30.2% |
| Recurring financial charges65 | €1,217 | €1,199 | €1,078 | €1,426 | €1,500 | €1,541 | €1,076 | ▼ 30.2% |
| Profit (loss) for the period before taxes9903 | -€10,181 | €7,389 | €54,619 | €41,630 | €14,054 | €12,524 | €519 | ▼ 95.9% |
| Income taxes67/77 | - | €1,277 | €14,590 | €12,064 | €5,192 | €4,761 | €982 | ▼ 79.4% |
| Profit (loss) for the period9904 | -€10,181 | €6,112 | €40,029 | €29,566 | €8,862 | €7,764 | -€463 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,181 | €6,112 | €40,029 | €29,566 | €8,862 | €7,764 | -€463 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €48,012 | €51,985 | €91,618 | €127,189 | €90,856 | €81,201 | €82,121 | ▲ 1.1% |
| Fixed assets21/28 | - | - | - | €17,628 | €13,509 | €9,390 | €5,489 | ▼ 41.5% |
| Tangible fixed assets22/27 | - | - | - | €17,628 | €13,509 | €9,390 | €5,489 | ▼ 41.5% |
| Land and buildings22 | - | - | - | €1,859 | €1,859 | €1,859 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,487 | €2,617 | €1,747 | €877 | ▼ 49.8% |
| Furniture and vehicles24 | - | - | - | €12,282 | €9,033 | €5,784 | €4,612 | ▼ 20.3% |
| Current assets29/58 | €48,012 | €51,985 | €91,618 | €109,561 | €77,347 | €71,811 | €76,632 | ▲ 6.7% |
| Amounts receivable within one year40/41 | €40,155 | €36,835 | €29,731 | €28,209 | €15,352 | €833 | €35,022 | ▲ 42× |
| Trade receivables40 | - | - | - | - | €14,503 | - | - | - |
| Other amounts receivable41 | - | - | - | €28,209 | €849 | €833 | €35,022 | ▲ 42× |
| Cash at bank and in hand54/58 | €7,857 | €14,934 | €61,296 | €80,977 | €60,527 | €69,593 | €32,044 | ▼ 54.0% |
| Deferred charges and accrued income490/1 | - | - | - | €375 | €1,468 | €1,385 | €9,566 | ▲ 591% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €48,012 | €51,985 | €91,618 | €127,189 | €90,856 | €81,201 | €82,121 | ▲ 1.1% |
| Equity10/15 | €5,792 | €11,904 | €51,933 | €51,499 | €40,360 | €38,124 | €37,661 | ▼ 1.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€12,808 | -€6,696 | €33,333 | €32,899 | €21,760 | €19,524 | €19,061 | ▼ 2.4% |
| Amounts payable17/49 | €42,220 | €40,081 | €39,685 | €75,691 | €50,496 | €43,077 | €44,460 | ▲ 3.2% |
| Amounts payable within one year42/48 | €42,220 | €40,081 | €39,685 | €75,691 | €50,496 | €43,077 | €44,460 | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4,220 | - | €3,700 | - |
| Trade debts44 | €1,998 | €4,326 | €5,436 | €7,950 | €3,797 | €4,854 | €3,547 | ▼ 26.9% |
| Suppliers440/4 | - | - | - | €7,950 | €3,797 | €4,854 | €3,547 | ▼ 26.9% |
| Taxes, remuneration and social security45 | - | - | - | €37,692 | €22,480 | €10,857 | €6,576 | ▼ 39.4% |
| Taxes450/3 | - | - | - | €30,317 | €17,574 | €4,760 | €317 | ▼ 93.3% |
| Remuneration and social security454/9 | - | - | - | €7,375 | €4,906 | €6,097 | €6,259 | ▲ 2.7% |
| Other amounts payable47/48 | - | - | - | €30,048 | €20,000 | €27,366 | €30,638 | ▲ 12.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,181 | €6,112 | €40,029 | €29,566 | €8,862 | €7,764 | -€463 | - |
| + Depreciation and write-downs630 | €825 | - | - | €1,729 | €4,119 | €4,119 | €4,288 | ▲ 4.1% |
| Operating cash flow (approximation) | -€9,356 | €6,112 | €40,029 | €31,295 | €12,981 | €11,883 | €3,825 | ▼ 67.8% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | -€388 | - |
| Change in cash | - | €7,077 | €46,362 | €19,681 | -€20,450 | €9,066 | -€37,549 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 20-05-2025 | 2025-00098803 |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00255921 |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00268387 |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20155509 |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29400199 |
| 31-12-2019 | micro format | 16-07-2020 | 2020-31000563 |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22700133 |
| 31-12-2017 | full format | 26-07-2018 | 2018-38700546 |
| 31-12-2016 | full format | 22-08-2017 | 2017-46600434 |
| 31-12-2015 | full format | 25-08-2016 | 2016-47500007 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.