WITHEER
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 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
9 d early
2022
41 d early
2021
26 d early
2020
26 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 29 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
€144,377▲ 14.4%
2023 · €126,216
Total assets
€146,772▲ 9.2%
2023 · €134,410
Net result
€18,161▲ 56.4%
2023 · €11,614
Working capital
€97,724▲ 27.9%
2023 · €76,418
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
Operating result€13,270▼ 3.2%€15,349▲ 15.7%€11,414▼ 25.6%€15,982▲ 40.0%€24,910▲ 55.9%
Net result€9,593▲ 4.0%€11,151▲ 16.2%€8,164▼ 26.8%€11,614▲ 42.2%€18,161▲ 56.4%
Equity€95,287▲ 11.2%€106,438▲ 11.7%€114,603▲ 7.7%€126,216▲ 10.1%€144,377▲ 14.4%
Total assets€99,048▼ 1.7%€110,945▲ 12.0%€174,103▲ 56.9%€134,410▼ 22.8%€146,772▲ 9.2%
Debt€3,762▼ 75.1%€4,507▲ 19.8%€59,500▲ 1,220%€8,194▼ 86.2%€2,395▼ 70.8%
Working capital€33,468▲ 104%€50,589▲ 51.2%€65,478▲ 29.4%€76,418▲ 16.7%€97,724▲ 27.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 56% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146,772
Fixed assets
€46,654 ▼ 6.3%
Current assets
€100,118 ▲ 18.3%
Equity and liabilities €146,772
Equity
€144,377 ▲ 14.4%
Debt
€2,395 ▼ 70.8%
Debt's share of the balance-sheet total falls from 6.1% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,055▲
2023 · €22,765
Cash flow
€21,306▲
2023 · €18,397
Current ratio
41.81▲
2023 · 10.33
Debt to equity
0.02▼
2023 · 0.06
ROE
12.6%▲
2023 · 9.2%
ROA
12.4%▲
2023 · 8.6%
Interest coverage
79.15▼
2023 · 83.38
Debt ≤ 1 year
€2,395▼
2023 · €8,194
Income taxes
€6,395▲
2023 · €4,095
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,725 | €6,725 | €6,725 | €6,784 | €3,144 | ▼ 53.7% |
| Other operating charges640/8 | - | €3,757 | €3,831 | €4,206 | €4,362 | ▲ 3.7% |
| Gross operating margin9900 | €23,725 | €25,830 | €21,970 | €26,972 | €32,417 | ▲ 20.2% |
| Operating profit (loss)9901 | €13,270 | €15,349 | €11,414 | €15,982 | €24,910 | ▲ 55.9% |
| Financial charges65/66B | - | €257 | €306 | €273 | €354 | ▲ 29.8% |
| Recurring financial charges65 | €255 | €257 | €306 | €273 | €354 | ▲ 29.8% |
| Profit (loss) for the period before taxes9903 | €13,014 | €15,092 | €11,109 | €15,709 | €24,556 | ▲ 56.3% |
| Income taxes67/77 | €3,422 | €3,941 | €2,944 | €4,095 | €6,395 | ▲ 56.2% |
| Profit (loss) for the period9904 | €9,593 | €11,151 | €8,164 | €11,614 | €18,161 | ▲ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €9,593 | €11,151 | €8,164 | €11,614 | €18,161 | ▲ 56.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,048 | €110,945 | €174,103 | €134,410 | €146,772 | ▲ 9.2% |
| Fixed assets21/28 | €62,573 | €55,849 | €49,124 | €49,798 | €46,654 | ▼ 6.3% |
| Tangible fixed assets22/27 | €62,573 | €55,849 | €49,124 | €49,798 | €46,654 | ▼ 6.3% |
| Land and buildings22 | - | €55,849 | €49,124 | €49,798 | €46,654 | ▼ 6.3% |
| Current assets29/58 | €36,475 | €55,096 | €124,978 | €84,612 | €100,118 | ▲ 18.3% |
| Amounts receivable within one year40/41 | €1,578 | €30,848 | €45,844 | €57,288 | €63,666 | ▲ 11.1% |
| Other amounts receivable41 | - | €30,848 | €45,844 | €57,288 | €63,666 | ▲ 11.1% |
| Cash at bank and in hand54/58 | €34,197 | €22,809 | €77,694 | €26,520 | €36,453 | ▲ 37.5% |
| Deferred charges and accrued income490/1 | - | €1,440 | €1,440 | €804 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,048 | €110,945 | €174,103 | €134,410 | €146,772 | ▲ 9.2% |
| Equity10/15 | €95,287 | €106,438 | €114,603 | €126,216 | €144,377 | ▲ 14.4% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €76,737 | €87,888 | €96,053 | €107,666 | €125,827 | ▲ 16.9% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | - | €86,033 | €94,198 | €107,666 | €125,827 | ▲ 16.9% |
| Amounts payable17/49 | €3,762 | €4,507 | €59,500 | €8,194 | €2,395 | ▼ 70.8% |
| Amounts payable within one year42/48 | €3,007 | €4,507 | €59,500 | €8,194 | €2,395 | ▼ 70.8% |
| Financial debts43 | - | - | €2,000 | €0 | - | - |
| Credit institutions430/8 | - | - | €2,000 | €0 | - | - |
| Trade debts44 | €7 | €7 | €0 | €7,599 | €0 | ▼ 100% |
| Suppliers440/4 | - | €7 | €0 | €7,599 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €595 | €2,395 | ▲ 302% |
| Taxes450/3 | - | - | - | €595 | €2,395 | ▲ 302% |
| Other amounts payable47/48 | - | €4,500 | €57,500 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,593 | €11,151 | €8,164 | €11,614 | €18,161 | ▲ 56.4% |
| + Depreciation and write-downs630 | €6,725 | €6,725 | €6,725 | €6,784 | €3,144 | ▼ 53.7% |
| Operating cash flow (approximation) | €16,317 | €17,876 | €14,889 | €18,397 | €21,306 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,458 | €0 | ▲ 100% |
| Change in cash | - | -€11,388 | €54,886 | -€51,174 | €9,932 | ▲ 119% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €18,161 ▲56.4%
Operating result €24,910, net result €18,161, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 41.81
Current ratio from 10.33 to 41.81; short-term debt falls from €8,194 to €2,395.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 5current ratio 10.33
Current ratio from 2.10 to 10.33; short-term debt falls from €59,500 to €8,194.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €8,164 ▼26.8%
Net result drops to €8,164, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €106,438 ▲11.7%
4 profitable years in a row build equity to €106,438.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 6current ratio 12.13
Current ratio from 2.09 to 12.13; short-term debt falls from €15,083 to €3,007.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
1 ownerChain of control
- IMBRO
- WITHEER
Highest known parent: IMBRO. The sources do not say who stands above it.
Owners 1
- IMBROparentSourceaccounts IMBRO 2024100%
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.