NORMAL SITUATION

Never Explain

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Financial year 2024 · closed on 12/12/2024
Net result
-85,3 k €
-289.0% YoY
Gross margin
-111,1 k €
-261.1% YoY
Equity
120,3 k €
-41.5% YoY

Company — Normal situation.

What does Never Explain do?

Never Explain is a company registered in Belgium.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0740.538.580
Legal form
Private limited company
Contributed capital
60 000,00 €
Latest accounts
12/12/2024
Signals
Solid equityGood liquidity
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2024202320222021
Income statement
Gross margin-111,1 k €69 k €102 k €30,9 k €
EBITDA-114 k €67,3 k €99,8 k €30,3 k €
Operating result-87,6 k €61,3 k €107,4 k €25,1 k €
Net result-85,3 k €45,1 k €83,4 k €16,5 k €
Balance sheet
Equity120,3 k €205,6 k €160,4 k €77,1 k €
Total assets120,5 k €213 k €196,9 k €153,1 k €
Cash114 k €7,9 k €65,9 k €65,7 k €
Debts180,4 €7,4 k €27,9 k €70,3 k €
Governance

Board of directors

Seen on filing of 12/12/2024 · 1 active · 1 ended

Active mandates

Maria Gaakeer

Director · since 27 décembre 2019

Active

Ended mandates

Maria Gaakeer

Director

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202027/12/2019
Closing of the financial year12/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months1 months
Filing date07/08/202529/04/202427/06/202318/10/202230/07/202123/06/2020
General meeting12/12/202429/03/202426/06/202302/09/202230/07/202129/04/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model12/12/202412/12/202407/08/2025DutchPDF
Micro model31/12/202329/03/202429/04/2024DutchPDF
Micro model31/12/202226/06/202327/06/2023DutchPDF
Micro model31/12/202102/09/202218/10/2022DutchPDF
Micro model31/12/202030/07/202130/07/2021DutchPDF
Micro model31/12/201929/04/202023/06/2020DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 12/12/2024 · 1 active · 1 ended

Active mandates

Maria Gaakeer

Director · since 27 décembre 2019

Active

Ended mandates

Maria Gaakeer

Director

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024-85,3 k €↓
  2. 2024
    Name changeNever Explain in vereffening
  3. 2023
    Annual accounts 202345,1 k €↓
  4. 2022
    Annual accounts 202283,4 k €↑
  5. 2021
    Annual accounts 202116,5 k €
  6. 2021
    Name changeNever Explain