Sadeco
Open bankruptcySummary
A bankruptcy procedure is open for Sadeco according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €14k and a net result of €7k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
33 d early
2022
103 d early
2021
75 d early
2020
50 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€14k▲ 93.4%
2022 · €7k
2019: €36khighest in 5 years
2020: €-291k▼ -917% vs 2019lowest in 5 years
2021: €-119k▲ +59.0% vs 2020
2022: €7k▲ +106% vs 2021
2023: €14k▲ +93.4% vs 2022
2019 → 2023
Total assets
€707k▼ 41.6%
2022 · €1.21M
2019: €911k
2020: €897k▼ -1.6% vs 2019
2021: €1.28M▲ +42.5% vs 2020highest in 5 years
2022: €1.21M▼ -5.3% vs 2021
2023: €707k▼ -41.6% vs 2022lowest in 5 years
2019 → 2023
Net result
€7k▼ 94.6%
2022 · €127k
2019: €210khighest in 5 years
2020: €-327k▼ -256% vs 2019lowest in 5 years
2021: €172k▲ +153% vs 2020
2022: €127k▼ -26.2% vs 2021
2023: €7k▼ -94.6% vs 2022
2019 → 2023
Working capital
€-283k▼ 14.8%
2022 · €-247k
2019: €44khighest in 5 years
2020: €-360k▼ -925% vs 2019lowest in 5 years
2021: €-282k▲ +21.8% vs 2020
2022: €-247k▲ +12.3% vs 2021
2023: €-283k▼ -14.8% vs 2022
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€36k-€-291k€-119k▲ 59.0%€7k€14k▲ 93.4%
2019: €36khighest in 5 years
2020: €-291k▼ -917% vs 2019lowest in 5 years
2021: €-119k▲ +59.0% vs 2020
2022: €7k▲ +106% vs 2021
2023: €14k▲ +93.4% vs 2022
Operating result€436k-€-300k€208k€232k▲ 11.7%€63k▼ 72.8%
2019: €436khighest in 5 years
2020: €-300k▼ -169% vs 2019lowest in 5 years
2021: €208k▲ +169% vs 2020
2022: €232k▲ +11.7% vs 2021
2023: €63k▼ -72.8% vs 2022
Net result€210k-€-327k€172k€127k▼ 26.2%€7k▼ 94.6%
2019: €210khighest in 5 years
2020: €-327k▼ -256% vs 2019lowest in 5 years
2021: €172k▲ +153% vs 2020
2022: €127k▼ -26.2% vs 2021
2023: €7k▼ -94.6% vs 2022
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 73% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €707k
Fixed assets
€298k ▲ 2.3%
Current assets
€409k ▼ 55.5%
Equity and liabilities €707k
Equity
€14k ▲ 93.4%
Debt
€693k ▼ 42.5%
Debt's share of the balance-sheet total falls from 99.4% to 98.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77k▼
2022 · €253k
Cash flow
€21k▼
2022 · €148k
Current ratio
0.59▼
2022 · 0.79
Debt to equity
49.05
ROE
48.3%
ROA
1.0%▼
2022 · 10.5%
Interest coverage
1.66▼
2022 · 4.77
Debt ≤ 1 year
€692k▼
2022 · €1.17M
Income taxes
€12k▼
2022 · €52k
Staff costs
€671k▲
2022 · €589k
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 · 2023 against 2022 · 54 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.21M€707k▼
Fixed assets21/28€291k€298k▲
Intangible fixed assets21€9k€19k▲
Tangible fixed assets22/27€29k€26k▼
Land and buildings22-€0
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€16k€16k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€252k€252k=
Current assets29/58€920k€409k▼
Amounts receivable within one year40/41€851k€382k▼
Trade receivables40€828k€332k▼
Other amounts receivable41€23k€50k▲
Cash at bank and in hand54/58€61k€25k▼
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.21M€707k▼
Equity10/15€7k€14k▲
Contributions10/11€20k€20k=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€-28k€-22k▲
Amounts payable17/49€1.20M€693k▼
Amounts payable after more than one year17€22k-
Financial debts170/4€22k-
Amounts payable within one year42/48€1.17M€692k▼
Current portion of amounts payable after more than one year42€104k€22k▼
Financial debts43€395k€306k▼
Credit institutions430/8€142k€167k▲
Other loans439€253k€139k▼
Trade debts44€449k€133k▼
Suppliers440/4€449k€133k▼
Taxes, remuneration and social security45€69k€76k▲
Taxes450/3€55k€61k▲
Remuneration and social security454/9€14k€16k▲
Other amounts payable47/48€150k€155k▲
Accrued charges and deferred income492/3€15k€47▼
Income statement
Code20222023
Non-recurring operating income76A€20k€6k▼
Remuneration, social security and pensions62€589k€671k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€14k▼
Other operating charges640/8€6k€3k▼
Non-recurring operating charges66A-€12k
Gross operating margin9900€848k€764k▼
Operating profit (loss)9901€232k€63k▼
Financial income75/76B€4€2k▲
Recurring financial income75€4€2k▲
Financial charges65/66B€53k€47k▼
Recurring financial charges65€53k€47k▼
Profit (loss) for the period before taxes9903€179k€19k▼
Income taxes67/77€52k€12k▼
Profit (loss) for the period9904€127k€7k▼
Profit (loss) for the period to be appropriated9905€127k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-22k▲
Profit (loss) brought forward from the previous period14P€-155k€-28k▲
Social balance
Average headcount (FTE)908713.311.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20k | €6k | ▼ 71.5% |
| Remuneration, social security and pensions62 | - | - | €695k | €589k | €671k | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €19k | €24k | €21k | €14k | ▼ 32.3% |
| Other operating charges640/8 | - | - | €4k | €6k | €3k | ▼ 50.9% |
| Non-recurring operating charges66A | - | - | - | - | €12k | - |
| Gross operating margin9900 | €1.74M | €443k | €931k | €848k | €764k | ▼ 10.0% |
| Operating profit (loss)9901 | €436k | €-300k | €208k | €232k | €63k | ▼ 72.8% |
| Financial income75/76B | - | - | €6k | €4 | €2k | ▲ 46,772% |
| Recurring financial income75 | €7k | €102 | €74 | €4 | €2k | ▲ 46,772% |
| Non-recurring financial income76B | - | - | €6k | - | - | - |
| Financial charges65/66B | - | - | €59k | €53k | €47k | ▼ 12.1% |
| Recurring financial charges65 | €86k | €31k | €59k | €53k | €47k | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €358k | €-331k | €155k | €179k | €19k | ▼ 89.5% |
| Income taxes67/77 | €148k | €-4k | €-17k | €52k | €12k | ▼ 77.2% |
| Profit (loss) for the period9904 | €210k | €-327k | €172k | €127k | €7k | ▼ 94.6% |
| Profit (loss) for the period to be appropriated9905 | €210k | €-327k | €172k | €127k | €7k | ▼ 94.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €911k | €897k | €1.28M | €1.21M | €707k | ▼ 41.6% |
| Fixed assets21/28 | €308k | €295k | €286k | €291k | €298k | ▲ 2.3% |
| Intangible fixed assets21 | €875 | - | €12k | €9k | €19k | ▲ 113% |
| Tangible fixed assets22/27 | €54k | €42k | €21k | €29k | €26k | ▼ 12.5% |
| Land and buildings22 | - | - | €6k | - | €0 | - |
| Plant, machinery and equipment23 | - | - | €3k | €10k | €7k | ▼ 28.3% |
| Furniture and vehicles24 | - | - | €9k | €16k | €16k | ▼ 0.7% |
| Other tangible fixed assets26 | - | - | €3k | €3k | €2k | ▼ 25.0% |
| Financial fixed assets28 | €252k | €252k | €252k | €252k | €252k | = |
| Current assets29/58 | €604k | €602k | €992k | €920k | €409k | ▼ 55.5% |
| Amounts receivable within one year40/41 | €542k | €505k | €902k | €851k | €382k | ▼ 55.1% |
| Trade receivables40 | - | - | €825k | €828k | €332k | ▼ 60.0% |
| Other amounts receivable41 | - | - | €78k | €23k | €50k | ▲ 117% |
| Cash at bank and in hand54/58 | - | €97k | €84k | €61k | €25k | ▼ 59.0% |
| Deferred charges and accrued income490/1 | - | - | €5k | €8k | €2k | ▼ 71.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €911k | €897k | €1.28M | €1.21M | €707k | ▼ 41.6% |
| Equity10/15 | €36k | €-291k | €-119k | €7k | €14k | ▲ 93.4% |
| Contributions10/11 | €20k | - | €20k | €20k | €20k | = |
| Outside capital11 | - | - | €20k | - | - | - |
| Other1109/19 | - | - | €20k | - | - | - |
| Reserves13 | €16k | €16k | €16k | €16k | €16k | = |
| Non-distributable reserves130/1 | - | - | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | - | €14k | €16k | €16k | = |
| Profit (loss) carried forward14 | - | €-327k | €-155k | €-28k | €-22k | ▲ 24.1% |
| Amounts payable17/49 | €876k | €1.19M | €1.40M | €1.20M | €693k | ▼ 42.5% |
| Amounts payable after more than one year17 | €313k | €161k | €117k | €22k | - | - |
| Financial debts170/4 | - | - | €117k | €22k | - | - |
| Amounts payable within one year42/48 | €560k | €962k | €1.27M | €1.17M | €692k | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | - | - | €141k | €104k | €22k | ▼ 78.9% |
| Financial debts43 | - | - | €533k | €395k | €306k | ▼ 22.5% |
| Credit institutions430/8 | - | - | €142k | €142k | €167k | ▲ 17.7% |
| Other loans439 | - | - | €391k | €253k | €139k | ▼ 45.0% |
| Trade debts44 | €238k | €354k | €514k | €449k | €133k | ▼ 70.4% |
| Suppliers440/4 | - | - | €514k | €449k | €133k | ▼ 70.4% |
| Advances received on contracts in progress46 | - | - | €36k | - | - | - |
| Taxes, remuneration and social security45 | - | - | €50k | €69k | €76k | ▲ 10.4% |
| Taxes450/3 | - | - | €39k | €55k | €61k | ▲ 10.0% |
| Remuneration and social security454/9 | - | - | €11k | €14k | €16k | ▲ 12.3% |
| Other amounts payable47/48 | - | - | - | €150k | €155k | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | - | €7k | €15k | €47 | ▼ 99.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €210k | €-327k | €172k | €127k | €7k | ▼ 94.6% |
| + Depreciation and write-downs630 | €59k | €19k | €24k | €21k | €14k | ▼ 32.3% |
| Operating cash flow (approximation) | €269k | €-308k | €196k | €148k | €21k | ▼ 85.8% |
| Investment in fixed assets (approximation) | - | €-6k | €-16k | €-26k | €-21k | ▲ 18.6% |
| Change in cash | - | - | €-12k | €-23k | €-36k | ▼ 54.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
28-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 21-11-2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €172k
Net result €172k after one loss-making year.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-327k
Net result drops to €-327k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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
Registered office, Houthalen-Helchteren · 1 establishment unit since 2010
Ground area
1,317 m²
Building footprint
869 m²
Volume, LiDAR
4,980 m³
Parcel 72015C0699/00V000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Centrum-Zuid 2207, 3530 Houthalen-Helchteren
since 20102.194.115.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0699/00V000 | Flanders | 1,317 m² | 1 · 869 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GODFREY LESIRE LIEVEHEREBOOMSTRAAT 118,
3720 KORTESSEM |
21-11-2024 → present |
| Curator | VICTOR ENGELEN HERE-
BAAN-OOST 3/1, 3530 02 HOUTHALEN-HELCHTEREN- |
21-11-2024 → present |
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 26,799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.