S.E. CONTRACTING
InactiveFinancials · financial year 2023, full format
Turnover
€7.5m▲ 0.5%
2022 · €7.5m
EBIT margin
5.7%▲ 1.0pp
2022 · 4.6%
Net result
€348,901▲ 37.2%
2022 · €254,291
Working capital
€1.1m▲ 3.5%
2022 · €1.0m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 23% above 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€7.5m
2023
Operating result€0.4m
2023
Net result€0.3m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.3m
2023
Equity€0.7m
2023
Debt€3.3m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.1m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin5.7%
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)35.4
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
Line201820192020202120222023
Turnover€9.6m-€8.4m▼ 12.6%€5.3m▼ 37.3%€5.4m▲ 2.7%€7.5m▲ 37.6%€7.5m▲ 0.5%
Operating result€1.3m-€0.6m▼ 58.6%€0.1m▼ 80.8%€0.2m▲ 133%€0.3m▲ 39.5%€0.4m▲ 22.6%
Net result€0.9m-€0.3m▼ 66.3%€0.1m▼ 65.7%€0.2m▲ 53.6%€0.3m▲ 54.4%€0.3m▲ 37.2%
EBIT margin13.9%-6.6%▼ 7.3pp2.0%▼ 4.6pp4.6%▲ 2.6pp4.6%▲ 0.1pp5.7%▲ 1.0pp
Equity€1.8m-€1.3m▼ 27.3%€1.4m▲ 8.3%€1.4m▲ 1.1%€0.7m▼ 52.6%€0.7m▲ 7.3%
Total assets€3.3m-€3.5m▲ 6.1%€3.2m▼ 8.4%€3.6m▲ 14.2%€4.0m▲ 10.2%€4.3m▲ 8.7%
Debt€1.3m-€1.9m▲ 45.3%€1.5m▼ 21.5%€1.9m▲ 28.9%€3.0m▲ 57.4%€3.3m▲ 10.7%
Working capital€1.9m-€1.5m▼ 20.4%€1.7m▲ 10.0%€1.7m▲ 4.3%€1.0m▼ 41.1%€1.1m▲ 3.5%
Staff (FTE)34.5-33.8▼ 2.0%33.6▼ 0.6%33.2▼ 1.2%36.7▲ 10.5%35.4▼ 3.5%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €4.3m
Fixed assets
€6,317 ▼ 40.4%
Current assets
€4.3m ▲ 8.8%
Equity and liabilities €4.3m
Equity
€721,025 ▲ 7.3%
Provisions
€343,751 ▼ 4.8%
Debt
€3.3m ▲ 10.7%
Debt's share of the balance-sheet total rises from 74.2% to 75.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€428,101▲
2022 · €352,520
Cash flow
€353,176▲
2022 · €261,029
Current ratio
1.32▼
2022 · 1.34
Debt to equity
4.55▲
2022 · 4.41
ROE
48.4%▲
2022 · 37.8%
ROA
8.0%▲
2022 · 6.4%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€3.3m▲
2022 · €3.0m
Debt > 1 year
€460=
2022 · €460
Income taxes
€136,259▲
2022 · €94,213
Staff costs
€2.7m▲
2022 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.4m | €7.6m | €7.7m | ▲ 1.5% |
| Turnover70 | €9.6m | €8.4m | €5.3m | €5.4m | €7.5m | €7.5m | ▲ 0.5% |
| Other operating income74 | - | - | - | €0.02m | €0.1m | €0.2m | ▲ 56.7% |
| Operating charges60/66A | - | - | - | €5.2m | €7.2m | €7.3m | ▲ 0.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.2m | €4.0m | €3.7m | ▼ 7.0% |
| Purchases600/8 | - | - | - | €2.2m | €4.0m | €3.6m | ▼ 7.9% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.002m | -€4 | €0.04m | - |
| Services and other goods61 | - | - | - | €0.7m | €0.7m | €0.8m | ▲ 6.4% |
| Remuneration, social security and pensions62 | - | - | - | €2.2m | €2.6m | €2.7m | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.06m | €0.04m | €0.03m | €0.007m | €0.004m | ▼ 36.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.02m | €0.2m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.01m | €0.03m | -€0.02m | - |
| Other operating charges640/8 | - | - | - | €0.004m | €0.002m | €0.02m | ▲ 779% |
| Operating profit (loss)9901 | €1.3m | €0.6m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 22.6% |
| Financial income75/76B | - | - | - | €70 | €0.006m | €0.06m | ▲ 895% |
| Recurring financial income75 | €0.003m | €0.001m | €12 | €70 | €0.006m | €0.06m | ▲ 895% |
| Income from current assets751 | - | - | - | - | €0.006m | €0.06m | ▲ 838% |
| Other financial income752/9 | - | - | - | €70 | - | €0.004m | - |
| Financial charges65/66B | - | - | - | €0.005m | €0.004m | €0.002m | ▼ 38.8% |
| Recurring financial charges65 | €0.002m | €0.005m | €0.004m | €0.005m | €0.004m | €0.002m | ▼ 38.8% |
| Debt charges650 | - | €0.003m | - | €0.002m | €0.001m | - | - |
| Other financial charges652/9 | - | - | - | €0.002m | €0.003m | €0.002m | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €1.3m | €0.6m | €0.1m | €0.2m | €0.3m | €0.5m | ▲ 39.2% |
| Income taxes67/77 | €0.4m | €0.2m | -€0.005m | €0.08m | €0.09m | €0.1m | ▲ 44.6% |
| Taxes670/3 | - | - | - | €0.08m | €0.09m | €0.1m | ▲ 44.6% |
| Profit (loss) for the period9904 | €0.9m | €0.3m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 37.2% |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.3m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 37.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €3.3m | €3.5m | €3.2m | €3.6m | €4.0m | €4.3m | ▲ 8.7% |
| Fixed assets21/28 | €0.09m | €0.09m | €0.05m | €0.009m | €0.01m | €0.006m | ▼ 40.4% |
| Tangible fixed assets22/27 | €0.09m | €0.09m | €0.05m | €0.009m | €0.01m | €0.006m | ▼ 41.4% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.01m | €0.006m | ▼ 41.4% |
| Financial fixed assets28 | €0.001m | €307 | €270 | €270 | €270 | €270 | = |
| Other financial fixed assets284/8 | - | - | - | €270 | €270 | €270 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €270 | €270 | €270 | = |
| Current assets29/58 | €3.2m | €3.4m | €3.1m | €3.6m | €4.0m | €4.3m | ▲ 8.8% |
| Stocks and contracts in progress3 | €0.03m | €0.09m | €0.2m | €0.2m | €0.2m | - | - |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | - | - |
| Raw materials and consumables30/31 | - | - | - | €0.2m | €0.2m | - | - |
| Amounts receivable within one year40/41 | €1.3m | €1.1m | €1.1m | €1.5m | €1.8m | €1.9m | ▲ 5.6% |
| Trade receivables40 | - | - | - | €1.4m | €1.7m | €1.7m | ▲ 2.6% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.1m | €0.2m | ▲ 45.0% |
| Cash at bank and in hand54/58 | €1.8m | €2.2m | €1.8m | €2.0m | €2.0m | €2.4m | ▲ 22.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €429 | ▼ 51.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €3.3m | €3.5m | €3.2m | €3.6m | €4.0m | €4.3m | ▲ 8.7% |
| Equity10/15 | €1.8m | €1.3m | €1.4m | €1.4m | €0.7m | €0.7m | ▲ 7.3% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €1.5m | €1.0m | €1.0m | €1.0m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.9m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | - | - | €0.1m | €0.1m | - | €0.05m | - |
| Provisions and deferred taxes16 | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 4.8% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.4m | €0.3m | ▼ 4.8% |
| Pensions and similar obligations160 | - | - | - | €0.008m | €0.003m | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.3m | €0.4m | €0.3m | ▼ 4.1% |
| Amounts payable17/49 | €1.3m | €1.9m | €1.5m | €1.9m | €3.0m | €3.3m | ▲ 10.7% |
| Amounts payable after more than one year17 | - | - | €460 | €460 | €460 | €460 | = |
| Other amounts payable178/9 | - | - | - | €460 | €460 | €460 | = |
| Amounts payable within one year42/48 | €1.3m | €1.9m | €1.5m | €1.9m | €3.0m | €3.3m | ▲ 10.7% |
| Trade debts44 | €0.7m | €0.3m | €0.6m | €0.5m | €0.7m | €0.7m | ▼ 2.0% |
| Suppliers440/4 | - | - | - | €0.5m | €0.7m | €0.7m | ▼ 2.0% |
| Advances received on contracts in progress46 | - | - | - | €0.7m | €0.6m | €1.5m | ▲ 143% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.6m | €0.8m | ▲ 23.5% |
| Taxes450/3 | - | - | - | €0.03m | - | €0.03m | - |
| Remuneration and social security454/9 | - | - | - | €0.6m | €0.6m | €0.7m | ▲ 18.0% |
| Other amounts payable47/48 | - | - | - | €0.2m | €1.0m | €0.3m | ▼ 70.0% |
| Accrued charges and deferred income492/3 | - | - | - | €265 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €925,751 | €312,364 | €107,248 | €164,742 | €254,291 | €348,901 | ▲ 37.2% |
| + Depreciation and write-downs630 | €47,657 | €55,154 | €38,525 | €25,378 | €6,738 | €4,275 | ▼ 36.6% |
| Operating cash flow (approximation) | €973,408 | €367,518 | €145,773 | €190,120 | €261,029 | €353,176 | ▲ 35.3% |
| Investment in fixed assets (approximation) | - | -€61,135 | €3,449 | €17,405 | -€8,308 | €0 | - |
| Change in cash | - | €425,335 | -€431,604 | €174,553 | €14,123 | €440,620 | ▲ 31× |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 26-06-2024 | 2024-00180745 |
| 31-12-2022 | full format | 27-06-2023 | 2023-00170463 |
| 31-12-2021 | full format | 22-06-2022 | 2022-20128468 |
| 31-12-2020 | full format | 17-06-2021 | 2021-20900151 |
| 31-12-2019 | full format | 13-07-2020 | 2020-29200263 |
| 31-12-2018 | full format | 04-03-2019 | 2019-06400291 |
| 31-12-2017 | full format | 11-06-2018 | 2018-17500229 |
| 31-12-2016 | full format | 03-07-2017 | 2017-27200139 |
| 31-12-2015 | full format | 17-06-2016 | 2016-19100325 |
| 31-12-2014 | full format | 15-06-2015 | 2015-17600355 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.