La Semeuse
Open bankruptcyA bankruptcy procedure is open for La Semeuse according to publications in the Belgian State Gazette; curator: CLAIRE VAN DE VELDE.
Summary
The 2021 annual accounts show equity of €113k and a net result of €-192k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€32k▼ 97.3%
2020 · €1.19M
2019: €435k
2020: €1.19M
2019 → 2021
EBIT margin
-145.1%▼ 190.6pp
2020 · 45.5%
2019: 68.7%
2020: 45.5%
2019 → 2021
Net result
€-192k
2020 · €360k
2019: €122k
2020: €360k
2019 → 2021
Working capital
€-1.01M▼ 17.1%
2020 · €-864k
2019: €-1.33M
2020: €-864k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€435k-€1.19M▲ 174%€32k▼ 97.3%
Equity€-55k-€305k€113k▼ 63.1%
Operating result€299k-€543k▲ 81.7%€-46k
Net result€122k-€360k▲ 195%€-192k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €46k after €543k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.13M
Fixed assets
€1.12M ▼ 3.8%
Current assets
€10k ▼ 70.5%
Equity and liabilities €1.13M
Equity
€113k ▼ 63.1%
Debt
€1.02M ▲ 13.7%
Debt's share of the balance-sheet total rises from 74.7% to 90.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▼
2020 · €587k
Cash flow
€-148k▼
2020 · €405k
Current ratio
0.01▼
2020 · 0.04
Debt to equity
9.08▲
2020 · 2.95
ROE
-171.1%▼
2020 · 118.1%
ROA
-17.0%▼
2020 · 29.9%
Interest coverage
-0.01▼
2020 · 3.50
Debt ≤ 1 year
€1.02M▲
2020 · €898k
Income taxes
€31k▲
2020 · €15k
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 · 2021 against 2020 · 42 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.20M€1.13M▼
Fixed assets21/28€1.17M€1.12M▼
Tangible fixed assets22/27€1.17M€1.12M▼
Land and buildings22€1.17M€1.12M▼
Current assets29/58€35k€10k▼
Amounts receivable within one year40/41€18k€3k▼
Trade receivables40€8k-
Other amounts receivable41€10k€3k▼
Cash at bank and in hand54/58€17k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.13M▼
Equity10/15€305k€113k▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€234k€41k▼
Amounts payable17/49€898k€1.02M▲
Amounts payable within one year42/48€898k€1.02M▲
Current portion of amounts payable after more than one year42€255€255=
Financial debts43€840k€965k▲
Credit institutions430/8€840k€965k▲
Trade debts44€26k€22k▼
Suppliers440/4€26k€22k▼
Taxes, remuneration and social security45€10k€10k=
Taxes450/3€10k€10k=
Other amounts payable47/48€22k€24k▲
Income statement
Code20202021
Turnover70€1.19M€32k▼
Goods, raw materials, services and sundry goods60/61€129k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€45k=
Other operating charges640/8€476k€14k▼
Gross operating margin9900€1.06M€12k▼
Operating profit (loss)9901€543k€-46k▼
Financial charges65/66B€168k€115k▼
Recurring financial charges65€168k€115k▼
Profit (loss) for the period before taxes9903€375k€-161k▼
Income taxes67/77€15k€31k▲
Profit (loss) for the period9904€360k€-192k▼
Profit (loss) for the period to be appropriated9905€360k€-192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€41k▼
Profit (loss) brought forward from the previous period14P€-127k€234k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
28-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · LA SEMEUSE SA RUE GALLAIT 48, 1030 Schaerbeek · event 21-11-2022
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1701 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 604 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 970 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1335 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 233 days late
2021
30-06
Financial
Weakest financial yearnet €-192k ▼153%
Net result drops to €-192k, the lowest in the series.
2020
30-06
Financial
Highest result since 2019net €360k ▲195%
Operating result €543k, net result €360k, both a record.
30-06
Financial
Equity above €200kEq €305k
2 profitable years in a row build equity to €305k.
2016
10-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
27-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
05-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
07-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 249 days late
2012
18-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 1932
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
474 m²
Building footprint
231 m²
Volume, LiDAR
2,320 m³
Parcel 21910E0046/00M006, Brussels · tallest building 18.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 19322.037.118.378
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0046/00M006 | Brussels | 474 m² | 1 · 231 m² | 18.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CLAIRE VAN DE VELDE AVENUE DE FRE 229,
1180 UCCLE |
21-11-2022 → present |
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.