SCUDAMORE
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
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 05-07-2024, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d early
2022
13 d early
2021
31 d early
2020
18 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Turnover
€30,752
EBIT margin
-100.8%
Net result
€16,439▲ 2,775%
2022 · €572
Working capital
-€219,864▲ 16.8%
2022 · -€264,230
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover
Operating result-€11,055▲ 64.3%€45,865€10,744▼ 76.6%-€3,524€20,275
Net result-€3,484€53,478€12,901▼ 75.9%€572▼ 95.6%€16,439▲ 2,775%
EBIT margin
Equity€131,500▼ 2.6%€184,978▲ 40.7%€197,880▲ 7.0%€198,451▲ 0.3%€214,890▲ 8.3%
Total assets€782,267▼ 3.1%€508,560▼ 35.0%€488,945▼ 3.9%€505,869▲ 3.5%€471,125▼ 6.9%
Debt€562,184▼ 2.3%€242,783▼ 56.8%€291,065▲ 19.9%€307,418▲ 5.6%€256,235▼ 16.6%
Working capital-€319,922▲ 2.1%-€198,365▲ 38.0%-€245,891▼ 24.0%-€264,230▼ 7.5%-€219,864▲ 16.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €20,275 after a loss of €3,524 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €471,125
Fixed assets
€434,754 ▼ 6.0%
Current assets
€36,371 ▼ 15.8%
Equity and liabilities €471,125
Equity
€214,890 ▲ 8.3%
Debt
€256,235 ▼ 16.6%
Debt's share of the balance-sheet total falls from 60.8% to 54.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,402▲
2022 · €21,741
Cash flow
€46,567▲
2022 · €25,837
Current ratio
0.14▲
2022 · 0.14
Debt to equity
1.19▼
2022 · 1.55
ROE
7.6%▲
2022 · 0.3%
ROA
3.5%▲
2022 · 0.1%
Interest coverage
149.34▲
2022 · 142.12
Debt ≤ 1 year
€256,235▼
2022 · €307,418
Income taxes
€3,506▲
2022 · -€4,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,478 | €24,559 | €23,255 | €25,265 | €30,128 | ▲ 19.2% |
| Other operating charges640/8 | - | - | €1,058 | €2,525 | €5,410 | ▲ 114% |
| Gross operating margin9900 | €17,753 | €70,671 | €35,057 | €24,267 | €55,812 | ▲ 130% |
| Operating profit (loss)9901 | -€11,055 | €45,865 | €10,744 | -€3,524 | €20,275 | ▲ 675% |
| Financial income75/76B | - | - | €1,078 | €153 | €8 | ▼ 94.9% |
| Recurring financial income75 | - | €0 | €1,078 | €153 | €8 | ▼ 94.9% |
| Financial charges65/66B | - | - | €4,720 | €153 | €338 | ▲ 121% |
| Recurring financial charges65 | €213 | €171 | €294 | €153 | €338 | ▲ 121% |
| Non-recurring financial charges66B | - | - | €4,426 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€11,268 | €45,694 | €7,102 | -€3,524 | €19,945 | ▲ 666% |
| Transfer from deferred taxes780 | - | - | €80,799 | - | - | - |
| Income taxes67/77 | - | - | €75,000 | -€4,095 | €3,506 | ▲ 186% |
| Profit (loss) for the period9904 | -€3,484 | €53,478 | €12,901 | €572 | €16,439 | ▲ 2,775% |
| Transfer from tax-exempt reserves789 | - | - | €193,460 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14,679 | €71,641 | €206,361 | €572 | €16,439 | ▲ 2,775% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €782,267 | €508,560 | €488,945 | €505,869 | €471,125 | ▼ 6.9% |
| Fixed assets21/28 | €540,069 | €464,142 | €443,771 | €462,682 | €434,754 | ▼ 6.0% |
| Tangible fixed assets22/27 | €519,022 | €443,095 | €422,724 | €462,682 | €434,754 | ▼ 6.0% |
| Land and buildings22 | - | - | €389,328 | €435,222 | €413,231 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | - | €32,467 | €26,717 | €20,967 | ▼ 21.5% |
| Furniture and vehicles24 | - | - | €928 | €743 | €557 | ▼ 25.0% |
| Financial fixed assets28 | €21,047 | €21,047 | €21,047 | - | - | - |
| Current assets29/58 | €242,198 | €44,418 | €45,174 | €43,187 | €36,371 | ▼ 15.8% |
| Amounts receivable within one year40/41 | €240,282 | €20,348 | €43,828 | €27,050 | €31,632 | ▲ 16.9% |
| Trade receivables40 | - | - | €43,828 | €21,656 | €31,632 | ▲ 46.1% |
| Other amounts receivable41 | - | - | - | €5,393 | - | - |
| Cash at bank and in hand54/58 | €40 | €24,069 | €1,345 | €16,138 | €4,739 | ▼ 70.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €782,267 | €508,560 | €488,945 | €505,869 | €471,125 | ▼ 6.9% |
| Equity10/15 | €131,500 | €184,978 | €197,880 | €198,451 | €214,890 | ▲ 8.3% |
| Contributions10/11 | €36,000 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Capital10 | - | - | €36,000 | €36,000 | - | - |
| Issued capital100 | - | - | €36,000 | €36,000 | - | - |
| Reserves13 | €211,623 | €193,460 | - | - | - | - |
| Profit (loss) carried forward14 | -€116,123 | -€44,482 | €161,880 | €162,451 | €178,890 | ▲ 10.1% |
| Provisions and deferred taxes16 | €88,583 | €80,799 | - | - | - | - |
| Amounts payable17/49 | €562,184 | €242,783 | €291,065 | €307,418 | €256,235 | ▼ 16.6% |
| Amounts payable within one year42/48 | €562,120 | €242,783 | €291,065 | €307,418 | €256,235 | ▼ 16.6% |
| Trade debts44 | €2,782 | €882 | €2,865 | €8,246 | €15,068 | ▲ 82.7% |
| Suppliers440/4 | - | - | €2,865 | €8,246 | €15,068 | ▲ 82.7% |
| Advances received on contracts in progress46 | - | - | €34,050 | €49,587 | €25,124 | ▼ 49.3% |
| Taxes, remuneration and social security45 | - | - | €75,470 | €70,905 | €16,042 | ▼ 77.4% |
| Taxes450/3 | - | - | €75,470 | €70,905 | €16,042 | ▼ 77.4% |
| Other amounts payable47/48 | - | - | €178,681 | €178,681 | €200,000 | ▲ 11.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,484 | €53,478 | €12,901 | €572 | €16,439 | ▲ 2,775% |
| + Depreciation and write-downs630 | €28,478 | €24,559 | €23,255 | €25,265 | €30,128 | ▲ 19.2% |
| Operating cash flow (approximation) | €24,994 | €78,037 | €36,156 | €25,837 | €46,567 | ▲ 80.2% |
| Investment in fixed assets (approximation) | - | €51,367 | -€2,883 | -€44,176 | -€2,200 | ▲ 95.0% |
| Change in cash | - | €24,029 | -€22,724 | €14,792 | -€11,399 | ▼ 177% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €214,890 ▲8.3%
4 profitable years in a row build equity to €214,890.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €53,478
Net result €53,478 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €184,978 ▲40.7%
Equity rises from €131,500 to €184,978.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€3,484
Net result drops to -€3,484, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
1 shares
According to the 2021 annual accounts of SCUDAMORE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.