CODABOX
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 31-08-2024 was due by 31-03-2025 and was filed on 05-12-2024, 116 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
116 d early
2023
65 d early
2022
67 d early
2021
73 d early
2020
67 d early
2019
66 d early
2018
68 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€17.67M▼ 24.1%
2023 · €23.28M
2018: €11.17M
2019: €12.97M
2020: €14.93M
2021: €17.02M
2022: €19.34M
2023: €23.28M
2018 → 2024
EBIT margin
27.4%▼ 2.7pp
2023 · 30.1%
2018: 0.7%
2019: -2.3%
2020: 7.1%
2021: 16.7%
2022: 22.4%
2023: 30.1%
2018 → 2024
Net result
€3.67M▼ 31.6%
2023 · €5.37M
2018: €15k
2019: €-333k
2020: €769k
2021: €2.07M
2022: €3.14M
2023: €5.37M
2018 → 2024
Working capital
€19.25M▲ 25.5%
2023 · €15.33M
2018: €1.71M
2019: €1.88M
2020: €3.12M
2021: €5.28M
2022: €8.38M
2023: €15.33M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€14.93M-€17.02M▲ 14.0%€19.34M▲ 13.7%€23.28M▲ 20.3%€17.67M▼ 24.1%
Equity€3.11M-€5.17M▲ 66.6%€8.32M▲ 60.7%€13.68M▲ 64.5%€17.35M▲ 26.8%
Operating result€1.06M-€2.85M▲ 168%€4.33M▲ 52.0%€7.00M▲ 61.7%€4.83M▼ 30.9%
Net result€769k-€2.07M▲ 169%€3.14M▲ 51.9%€5.37M▲ 70.7%€3.67M▼ 31.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23.76M
Fixed assets
€7k ▼ 39.6%
Current assets
€23.76M ▲ 24.5%
Equity and liabilities €23.76M
Equity
€17.35M ▲ 26.8%
Provisions
€87k ▼ 0.4%
Debt
€6.32M ▲ 18.8%
Debt's share of the balance-sheet total falls from 27.9% to 26.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4.84M▼
2023 · €7.01M
Cash flow
€3.67M▼
2023 · €5.38M
Current ratio
5.27▲
2023 · 5.09
Debt to equity
0.36▼
2023 · 0.39
ROE
21.2%▼
2023 · 39.2%
ROA
15.4%▼
2023 · 28.1%
Interest coverage
426.75▲
2023 · 402.81
Debt ≤ 1 year
€4.51M▲
2023 · €3.75M
Income taxes
€1.23M▼
2023 · €1.80M
Staff costs
€2.69M▼
2023 · €3.92M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 67 lines
Balance sheet
Code20232024
Assets
Total assets20/58€19.09M€23.76M▲
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€4k-
Furniture and vehicles24€2k-
Other tangible fixed assets26€2k-
Financial fixed assets28€7k€7k=
Other financial fixed assets284/8€7k€7k=
Amounts receivable and cash guarantees285/8€7k€7k=
Current assets29/58€19.08M€23.76M▲
Amounts receivable within one year40/41€4.03M€4.71M▲
Trade receivables40€3.87M€4.71M▲
Other amounts receivable41€154k-
Current investments50/53€10.00M-
Other investments51/53€10.00M-
Cash at bank and in hand54/58€4.87M€18.73M▲
Deferred charges and accrued income490/1€188k€314k▲
Equity and liabilities
Total equity and liabilities10/49€19.09M€23.76M▲
Equity10/15€13.68M€17.35M▲
Contributions10/11€2.61M€2.61M=
Capital10€2.61M€2.61M=
Issued capital100€2.78M€2.78M=
Uncalled capital101€178k€178k=
Reserves13€278k€278k=
Non-distributable reserves130/1€278k€278k=
Legal reserve130€278k€278k=
Profit (loss) carried forward14€10.80M€14.47M▲
Provisions and deferred taxes16€87k€87k▼
Provisions for liabilities and charges160/5€87k€87k▼
Pensions and similar obligations160€87k€87k▼
Amounts payable17/49€5.32M€6.32M▲
Amounts payable within one year42/48€3.75M€4.51M▲
Trade debts44€2.78M€3.36M▲
Suppliers440/4€2.78M€3.36M▲
Taxes, remuneration and social security45€974k€1.15M▲
Taxes450/3€85k€274k▲
Remuneration and social security454/9€889k€873k▼
Accrued charges and deferred income492/3€1.57M€1.81M▲
Income statement
Code20232024
Operating income70/76A€23.66M€18.15M▼
Turnover70€23.28M€17.67M▼
Other operating income74€384k€476k▲
Operating charges60/66A€16.66M€13.31M▼
Goods for resale, raw materials and consumables60€4.68M€3.59M▼
Purchases600/8€4.68M€3.59M▼
Services and other goods61€8.02M€7.07M▼
Remuneration, social security and pensions62€3.92M€2.69M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24k€-46k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-320€-332▼
Other operating charges640/8€3k€1k▼
Operating profit (loss)9901€7.00M€4.83M▼
Financial income75/76B€192k€78k▼
Recurring financial income75€192k€78k▼
Income from current assets751€192k€78k▼
Other financial income752/9€209€272▲
Financial charges65/66B€23k€16k▼
Recurring financial charges65€23k€16k▼
Debt charges650€17k€11k▼
Other financial charges652/9€6k€5k▼
Profit (loss) for the period before taxes9903€7.17M€4.90M▼
Income taxes67/77€1.80M€1.23M▼
Taxes670/3€1.82M€1.23M▼
Tax adjustments and reversals of tax provisions77€19k€6k▼
Profit (loss) for the period9904€5.37M€3.67M▼
Profit (loss) for the period to be appropriated9905€5.37M€3.67M▼
Appropriation of the result
Profit (loss) to be appropriated9906€10.80M€14.47M▲
Profit (loss) brought forward from the previous period14P€5.43M€10.80M▲
Social balance
Average headcount (FTE)908736.033.3▼
The notes to these accounts (41 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-02
State Gazette act
General meeting · Merger
Accounting effect · Capital increase · Tim CARNEWAL
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
26-11
State Gazette act
Merger · Corporate purpose
Net-asset statement · Accounting effect
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €5.37M ▲70.7%
Operating result €7.00M, net result €5.37M, both a record.
31-12
Financial
Equity above €10MEq €13.68M ▲64.5%
4 profitable years in a row build equity to €13.68M.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5MEq €5.17M ▲66.6%
2 profitable years in a row build equity to €5.17M.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €769k
Net result €769k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-333k ▼2366%
Net result drops to €-333k, the lowest in the series.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-11
State Gazette act
Merger · Corporate purpose
Accounting effect · Net-asset statement
24-11
State Gazette act
Corporate purpose · Demerger
Accounting effect · Net-asset statement
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
2 transactionsTaken over by:WOLTERS KLUWER BELGIUM
Received a branch of activity from:Isabel NV
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 3,655 EUR awarded · 3,655 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,994 EUR | 1,994 EUR |
| 2023 | 1 | 1,661 EUR | 1,661 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
8755001CHZRWEQGGNM60