SCV-TEC
Bankruptcy closedFinancials · financial year 2023, micro format
2023 annual accounts filed 56 days after the deadline Filed on 25 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00471080.
Annual accounts 2023 filed on 25-09-2024 PDF all 2 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €110,000
Estimated: probably between €49,000 and €260,000
Total assets
€60,119▼ 16.5%
2022 · €71,984
Net result
€9,250▼ 70.6%
2022 · €31,416
Working capital
€42,456▲ 87.7%
2022 · €22,622
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
€11,889
▼ 68.1%
2023
20222023
Net result
€9,250
▼ 70.6%
2023
20222023
Equity
€34,066
▲ 37.3%
2023
20222023
Total assets
€60,119
▼ 16.5%
2023
20222023
Debt
€26,053
▼ 44.8%
2023
20222023
Working capital
€42,456
▲ 87.7%
2023
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Operating result€37,251-€11,889▼ 68.1%
Net result€31,416-€9,250▼ 70.6%
Equity€24,816-€34,066▲ 37.3%
Total assets€71,984-€60,119▼ 16.5%
Debt€47,168-€26,053▼ 44.8%
Working capital€22,622-€42,456▲ 87.7%
The operating result for 2023 is 68% lower than in 2022.
Turnover and EBIT margin are 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 €60,119
Fixed assets
€1,463 ▼ 33.3%
Current assets
€58,656 ▼ 16.0%
Equity and liabilities €60,119
Equity
€34,066 ▲ 37.3%
Debt
€26,053 ▼ 44.8%
Debt's share of the balance-sheet total falls from 65.5% to 43.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,620▼
2022 · €37,982
Cash flow
€9,981▼
2022 · €32,148
Current ratio
3.62▲
2022 · 1.48
Debt to equity
0.76▼
2022 · 1.90
ROE
27.2%▼
2022 · 126.6%
ROA
15.4%▼
2022 · 43.6%
Interest coverage
37.94▼
2022 · over 100
Debt ≤ 1 year
€16,200▼
2022 · €47,168
Income taxes
€2,728▼
2022 · €5,736
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €2,926 | - |
| Depreciation and write-downs of the year | €731 | €731 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €731 | €731 | = |
| Other operating charges640/8 | €1,666 | €1,435 | ▼ 13.9% |
| Gross operating margin9900 | €39,648 | €14,055 | ▼ 64.6% |
| Operating profit (loss)9901 | €37,251 | €11,889 | ▼ 68.1% |
| Financial income75/76B | €200 | €422 | ▲ 111% |
| Recurring financial income75 | €200 | €422 | ▲ 111% |
| Financial charges65/66B | €299 | €333 | ▲ 11.3% |
| Recurring financial charges65 | €299 | €333 | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | €37,152 | €11,978 | ▼ 67.8% |
| Income taxes67/77 | €5,736 | €2,728 | ▼ 52.4% |
| Profit (loss) for the period9904 | €31,416 | €9,250 | ▼ 70.6% |
| Profit (loss) for the period to be appropriated9905 | €31,416 | €9,250 | ▼ 70.6% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €71,984 | €60,119 | ▼ 16.5% |
| Fixed assets21/28 | €2,194 | €1,463 | ▼ 33.3% |
| Tangible fixed assets22/27 | €2,194 | €1,463 | ▼ 33.3% |
| Plant, machinery and equipment23 | €2,194 | €1,463 | ▼ 33.3% |
| Current assets29/58 | €69,790 | €58,656 | ▼ 16.0% |
| Amounts receivable after more than one year29 | €20,000 | €20,000 | = |
| Other amounts receivable291 | €20,000 | €20,000 | = |
| Amounts receivable within one year40/41 | €7,471 | €10,480 | ▲ 40.3% |
| Trade receivables40 | €947 | €6,575 | ▲ 594% |
| Other amounts receivable41 | €6,524 | €3,905 | ▼ 40.1% |
| Cash at bank and in hand54/58 | €42,319 | €24,108 | ▼ 43.0% |
| Deferred charges and accrued income490/1 | - | €4,068 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €71,984 | €60,119 | ▼ 16.5% |
| Equity10/15 | €24,816 | €34,066 | ▲ 37.3% |
| Contributions10/11 | €2,400 | €2,400 | = |
| Reserves13 | €22,416 | €31,666 | ▲ 41.3% |
| Distributable reserves133 | €22,416 | €31,666 | ▲ 41.3% |
| Amounts payable17/49 | €47,168 | €26,053 | ▼ 44.8% |
| Amounts payable within one year42/48 | €47,168 | €16,200 | ▼ 65.7% |
| Trade debts44 | €20,781 | €2,497 | ▼ 88.0% |
| Suppliers440/4 | €20,781 | €2,497 | ▼ 88.0% |
| Taxes, remuneration and social security45 | €5,736 | €10,315 | ▲ 79.9% |
| Taxes450/3 | €5,736 | €10,315 | ▲ 79.9% |
| Other amounts payable47/48 | €20,651 | €3,387 | ▼ 83.6% |
| Accrued charges and deferred income492/3 | - | €9,853 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €31,416 | €9,250 | ▼ 70.6% |
| + Depreciation and write-downs630 | €731 | €731 | = |
| Operating cash flow (approximation) | €32,148 | €9,981 | ▼ 69.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€18,211 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.