S.I.C.
InactiveFinancials · financial year 2023, micro format
Turnover
≈ €49,000
Estimated: probably between €23,000 and €120,000
Total assets
€147,683▼ 3.0%
2022 · €152,282
Net result
€2,876▼ 82.5%
2022 · €16,427
Working capital
€1,804
2022 · -€304
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result has fallen two years in a row; 2023 is 85% below 2022 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3,342
2023
Net result€2,876
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€147,683
2023
Equity€145,379
2023
Debt€2,304
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1,804
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
Operating result€30,353-€33,637▲ 10.8%€17,178▼ 48.9%€30,082▲ 75.1%€22,081▼ 26.6%€3,342▼ 84.9%
Net result€15,019-€20,574▲ 37.0%€10,313▼ 49.9%€21,167▲ 105%€16,427▼ 22.4%€2,876▼ 82.5%
Equity€74,022-€94,596▲ 27.8%€104,909▲ 10.9%€126,076▲ 20.2%€142,504▲ 13.0%€145,379▲ 2.0%
Total assets€215,247-€193,290▼ 10.2%€163,561▼ 15.4%€153,626▼ 6.1%€152,282▼ 0.9%€147,683▼ 3.0%
Debt€141,225-€98,694▼ 30.1%€58,653▼ 40.6%€27,550▼ 53.0%€9,779▼ 64.5%€2,304▼ 76.4%
Working capital-€34,621--€29,965▲ 13.4%-€35,564▼ 18.7%-€18,400▲ 48.3%-€304▲ 98.3%€1,804
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €147,683
Fixed assets
€143,576 ▲ 0.5%
Current assets
€4,108 ▼ 56.6%
Equity and liabilities €147,683
Equity
€145,379 ▲ 2.0%
Debt
€2,304 ▼ 76.4%
Debt's share of the balance-sheet total falls from 6.4% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,282▼
2022 · €23,659
Cash flow
€4,815▼
2022 · €18,006
Current ratio
1.78▲
2022 · 0.97
Debt to equity
0.02▼
2022 · 0.07
ROE
2.0%▼
2022 · 11.5%
ROA
1.9%▼
2022 · 10.8%
Interest coverage
42.07▼
2022 · 90.53
Debt ≤ 1 year
€2,304▼
2022 · €9,779
Income taxes
€1,288▼
2022 · €5,392
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 |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,216 | €16,775 | €16,775 | €17,522 | €1,579 | €1,940 | ▲ 22.9% |
| Other operating charges640/8 | - | - | - | €962 | €476 | €1,146 | ▲ 141% |
| Gross operating margin9900 | €50,898 | €62,457 | €35,001 | €48,566 | €24,135 | €6,428 | ▼ 73.4% |
| Operating profit (loss)9901 | €30,353 | €33,637 | €17,178 | €30,082 | €22,081 | €3,342 | ▼ 84.9% |
| Financial income75/76B | - | - | - | €30 | - | €947 | - |
| Recurring financial income75 | - | €1 | €1 | €30 | - | €947 | - |
| Financial charges65/66B | - | - | - | €253 | €261 | €126 | ▼ 52.0% |
| Recurring financial charges65 | €4,550 | €3,121 | €3,901 | €253 | €261 | €126 | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | €25,803 | €30,516 | €13,278 | €29,859 | €21,819 | €4,163 | ▼ 80.9% |
| Income taxes67/77 | €10,784 | €9,943 | €2,965 | €8,692 | €5,392 | €1,288 | ▼ 76.1% |
| Profit (loss) for the period9904 | €15,019 | €20,574 | €10,313 | €21,167 | €16,427 | €2,876 | ▼ 82.5% |
| Profit (loss) for the period to be appropriated9905 | €15,019 | €20,574 | €10,313 | €21,167 | €16,427 | €2,876 | ▼ 82.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €215,247 | €193,290 | €163,561 | €153,626 | €152,282 | €147,683 | ▼ 3.0% |
| Fixed assets21/28 | €185,977 | €170,879 | €154,104 | €144,476 | €142,807 | €143,576 | ▲ 0.5% |
| Tangible fixed assets22/27 | €105,877 | €90,779 | €74,004 | €64,376 | €62,797 | €63,565 | ▲ 1.2% |
| Land and buildings22 | - | - | - | €60,747 | €59,969 | €59,190 | ▼ 1.3% |
| Furniture and vehicles24 | - | - | - | €3,629 | €2,828 | €4,375 | ▲ 54.7% |
| Financial fixed assets28 | €80,100 | €80,100 | €80,100 | €80,100 | €80,010 | €80,010 | = |
| Current assets29/58 | €29,271 | €22,411 | €9,457 | €9,150 | €9,475 | €4,108 | ▼ 56.6% |
| Amounts receivable within one year40/41 | €20,567 | €7,160 | €5,363 | €6,396 | €5,333 | €235 | ▼ 95.6% |
| Trade receivables40 | - | - | - | €2,900 | €4,905 | €158 | ▼ 96.8% |
| Other amounts receivable41 | - | - | - | €3,496 | €427 | €77 | ▼ 82.0% |
| Cash at bank and in hand54/58 | €8,218 | €14,725 | €3,804 | €2,562 | €3,816 | €3,450 | ▼ 9.6% |
| Deferred charges and accrued income490/1 | - | - | - | €192 | €326 | €422 | ▲ 29.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €215,247 | €193,290 | €163,561 | €153,626 | €152,282 | €147,683 | ▼ 3.0% |
| Equity10/15 | €74,022 | €94,596 | €104,909 | €126,076 | €142,504 | €145,379 | ▲ 2.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €61,622 | €82,196 | €92,509 | €113,676 | €130,104 | €132,979 | ▲ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €111,816 | €128,244 | €131,119 | ▲ 2.2% |
| Amounts payable17/49 | €141,225 | €98,694 | €58,653 | €27,550 | €9,779 | €2,304 | ▼ 76.4% |
| Amounts payable after more than one year17 | €77,334 | €46,318 | €13,631 | - | - | - | - |
| Amounts payable within one year42/48 | €63,891 | €52,376 | €45,022 | €27,550 | €9,779 | €2,304 | ▼ 76.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,631 | - | - | - |
| Trade debts44 | €1,593 | €10,000 | €1,170 | €550 | €3,866 | €99 | ▼ 97.4% |
| Suppliers440/4 | - | - | - | €550 | €3,866 | €99 | ▼ 97.4% |
| Taxes, remuneration and social security45 | - | - | - | €6,638 | €4,837 | €2,205 | ▼ 54.4% |
| Taxes450/3 | - | - | - | €5,154 | €4,837 | €2,205 | ▼ 54.4% |
| Remuneration and social security454/9 | - | - | - | €1,484 | - | - | - |
| Other amounts payable47/48 | - | - | - | €6,732 | €1,075 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,019 | €20,574 | €10,313 | €21,167 | €16,427 | €2,876 | ▼ 82.5% |
| + Depreciation and write-downs630 | €16,216 | €16,775 | €16,775 | €17,522 | €1,579 | €1,940 | ▲ 22.9% |
| Operating cash flow (approximation) | €31,235 | €37,348 | €27,087 | €38,689 | €18,006 | €4,815 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | -€1,677 | €0 | -€7,894 | €90 | -€2,708 | - |
| Change in cash | - | €6,507 | -€10,921 | -€1,242 | €1,254 | -€366 | - |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 20-06-2024 | 2024-00149101 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00308371 |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20279406 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62200121 |
| 31-12-2019 | micro format | 28-07-2020 | 2020-38400450 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60300298 |
| 31-12-2017 | micro format | 24-09-2018 | 2018-65600302 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54700090 |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-37600272 |
| 31-12-2014 | abbreviated format | 29-07-2015 | 2015-36000390 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.