WIKIFLOW
InactiveFinancials · financial year 2023, micro format
2023 annual accounts filed late (223 days) Filed on 11 March 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00046983.
Turnover
≈ €520,000
Estimated: probably between €340,000 and €790,000
Total assets
€689,810▲ 31.4%
2023 · €525,085
Net result
€40,466▲ 15.7%
2023 · €34,975
Working capital
€449,537▲ 45.3%
2023 · €309,451
Trend over the years
2020 to 2023, 5 financial years 2019 to 2023, 6 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€50,240
2023
Net result€40,466
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€689,810
2023
Equity€365,612
2023
Debt€324,198
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€449,537
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)3.2
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232023
Operating result€204,201-€130,432▼ 36.1%€17,648▼ 86.5%€14,857▼ 15.8%€47,496▲ 220%€50,240-
Net result€135,553-€90,307▼ 33.4%€14,703▼ 83.7%€11,780▼ 19.9%€34,975▲ 197%€40,466-
Equity€288,969-€263,689▼ 8.7%€278,391▲ 5.6%€290,171▲ 4.2%€325,146▲ 12.1%€365,612-
Total assets€875,881-€610,886▼ 30.3%€529,881▼ 13.3%€456,682▼ 13.8%€525,085▲ 15.0%€689,810-
Debt€586,912-€347,197▼ 40.8%€251,490▼ 27.6%€166,511▼ 33.8%€199,939▲ 20.1%€324,198-
Working capital€512,251-€271,827▼ 46.9%€229,998▼ 15.4%€191,592▼ 16.7%€309,451▲ 61.5%€449,537-
Staff (FTE)4.2-3.75.4▲ 45.9%3.2▼ 40.7%3.2-
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2023 as the grey bar beneath
Assets €689,810
Fixed assets
€135,939 ▼ 6.1%
Current assets
€553,871 ▲ 45.6%
Equity and liabilities €689,810
Equity
€365,612 ▲ 12.4%
Debt
€324,198 ▲ 62.1%
Debt's share of the balance-sheet total rises from 38.1% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105,629▼
2023 · €172,067
Cash flow
€95,855▼
2023 · €159,546
Current ratio
5.31▼
2023 · 5.37
Debt to equity
0.89▲
2023 · 0.61
ROE
11.1%▲
2023 · 10.8%
ROA
5.9%▼
2023 · 6.7%
Interest coverage
over 100▲
2023 · 63.84
Debt ≤ 1 year
€104,334▲
2023 · €70,873
Income taxes
€10,694▼
2023 · €12,718
Staff costs
€100,112▼
2023 · €177,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €159,427 | - | €276,549 | €177,980 | €100,112 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,111 | €14,379 | €54,368 | €98,502 | €124,570 | €55,389 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6,420 | - | - |
| Other operating charges640/8 | - | €640 | - | €501 | €348 | - | - |
| Non-recurring operating charges66A | - | - | - | €310 | €0 | - | - |
| Gross operating margin9900 | €420,081 | €304,878 | €296,587 | €390,719 | €356,814 | €205,741 | - |
| Operating profit (loss)9901 | €204,201 | €130,432 | €17,648 | €14,857 | €47,496 | €50,240 | - |
| Financial income75/76B | - | €71 | - | €0 | €2,893 | €1,190 | - |
| Recurring financial income75 | €17 | €71 | €47 | €0 | €2,893 | €1,190 | - |
| Financial charges65/66B | - | €774 | - | €1,767 | €2,695 | €271 | - |
| Recurring financial charges65 | €1,253 | €774 | €1,148 | €1,767 | €2,695 | €271 | - |
| Profit (loss) for the period before taxes9903 | €202,964 | €129,729 | €16,547 | €13,090 | €47,694 | €51,160 | - |
| Income taxes67/77 | €67,411 | €39,422 | €1,845 | €1,310 | €12,718 | €10,694 | - |
| Profit (loss) for the period9904 | €135,553 | €90,307 | €14,703 | €11,780 | €34,975 | €40,466 | - |
| Profit (loss) for the period to be appropriated9905 | €135,553 | €90,307 | €14,703 | €11,780 | €34,975 | €40,466 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €875,881 | €610,886 | €529,881 | €456,682 | €525,085 | €689,810 | - |
| Fixed assets21/28 | €17,616 | €85,907 | €157,118 | €202,783 | €144,761 | €135,939 | - |
| Intangible fixed assets21 | - | €71,859 | €149,532 | €193,332 | €137,144 | €131,200 | - |
| Tangible fixed assets22/27 | €6,223 | €2,655 | €7,126 | €9,300 | €7,468 | €4,589 | - |
| Furniture and vehicles24 | - | €2,655 | - | €9,300 | €7,468 | €4,589 | - |
| Financial fixed assets28 | €11,393 | €11,393 | €460 | €150 | €150 | €150 | - |
| Current assets29/58 | €858,266 | €524,979 | €372,763 | €253,899 | €380,324 | €553,871 | - |
| Amounts receivable after more than one year29 | - | - | - | - | - | €236 | - |
| Trade receivables290 | - | - | - | - | - | €236 | - |
| Stocks and contracts in progress3 | €69,900 | €29,900 | €0 | - | - | - | - |
| Contracts in progress37 | - | €29,900 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €505,500 | €331,418 | €287,242 | €81,805 | €54,359 | €141,631 | - |
| Trade receivables40 | - | €331,418 | - | €76,646 | €49,163 | €118,491 | - |
| Other amounts receivable41 | - | €0 | - | €5,159 | €5,196 | €23,140 | - |
| Cash at bank and in hand54/58 | €282,706 | €163,577 | €85,303 | €171,378 | €325,965 | €411,008 | - |
| Deferred charges and accrued income490/1 | - | €84 | - | €716 | €0 | €996 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €875,881 | €610,886 | €529,881 | €456,682 | €525,085 | €689,810 | - |
| Equity10/15 | €288,969 | €263,689 | €278,391 | €290,171 | €325,146 | €365,612 | - |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Capital10 | - | €62,000 | - | €62,000 | €62,000 | - | - |
| Issued capital100 | - | €62,000 | - | €62,000 | €62,000 | - | - |
| Reserves13 | €6,200 | €3,720 | €4,455 | €5,044 | €6,200 | €6,200 | - |
| Non-distributable reserves130/1 | - | €3,720 | - | €5,044 | €6,200 | €6,200 | - |
| Legal reserve130 | - | €3,720 | - | €5,044 | €6,200 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €6,200 | - |
| Profit (loss) carried forward14 | €220,769 | - | €211,936 | €223,127 | €256,946 | €297,412 | - |
| Amounts payable17/49 | €586,912 | €347,197 | €251,490 | €166,511 | €199,939 | €324,198 | - |
| Amounts payable within one year42/48 | €346,015 | €253,152 | €142,765 | €62,307 | €70,873 | €104,334 | - |
| Financial debts43 | - | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - |
| Trade debts44 | €146,234 | €30,387 | €56,278 | €31,843 | €33,150 | €21,825 | - |
| Suppliers440/4 | - | €30,387 | - | €31,843 | €33,150 | €21,825 | - |
| Advances received on contracts in progress46 | - | €29,900 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €91,068 | - | €27,012 | €34,952 | €79,738 | - |
| Taxes450/3 | - | €53,368 | - | €3,002 | €14,025 | €38,202 | - |
| Remuneration and social security454/9 | - | €37,701 | - | €24,010 | €20,926 | €41,537 | - |
| Other amounts payable47/48 | - | €101,797 | - | €3,452 | €2,771 | €2,771 | - |
| Accrued charges and deferred income492/3 | - | €94,045 | - | €104,204 | €129,066 | €219,863 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,553 | €90,307 | €14,703 | €11,780 | €34,975 | €40,466 | - |
| + Depreciation and write-downs630 | €3,111 | €14,379 | €54,368 | €98,502 | €124,570 | €55,389 | - |
| Operating cash flow (approximation) | €138,664 | €104,686 | €69,071 | €110,282 | €159,546 | €95,855 | - |
| Investment in fixed assets (approximation) | - | -€82,670 | -€125,580 | -€144,166 | -€66,549 | - | - |
| Change in cash | - | -€119,129 | -€78,274 | €86,075 | €154,586 | - | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 11-03-2025 | 2025-00046983 |
| 30-06-2023 | micro format | 13-11-2023 | 2023-00512434 |
| 30-06-2022 | micro format | 22-11-2022 | 2022-20523412 |
| 30-06-2021 | micro format | 16-12-2021 | 2021-80700007 |
| 30-06-2020 | micro format | 09-02-2021 | 2021-05200347 |
| 30-06-2019 | micro format | 10-12-2019 | 2019-75800426 |
| 30-06-2018 | micro format | 30-11-2018 | 2018-73500102 |
| 30-06-2017 | micro format | 10-01-2018 | 2018-00900269 |
| 30-06-2016 | full format | 02-11-2016 | 2016-67100437 |
| 30-06-2015 | full format | 16-12-2015 | 2015-69000290 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.