SEBAELEC
The computed 12-month bankruptcy probability of SEBAELEC is 3.2% (moderate). The 2024 annual accounts show equity of €2k and a net result of €-4k. Equity is shrinking by ~71% per year across the filed fiscal years. Its solvency ranks better than 8% of 3570 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2k |
| Net result | €-4k |
| Staff (FTE) | 3.3 |
| Better than sector | 8% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.2% | 40.0% | |
| Net result | €-4k | €29k | |
| Equity | €2k | €287k | |
| Gross operating margin | €180k | €292k | |
| Staff costs | €149k | €363k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | micro schema | micro schema |
| Revenue | €498k | €406k | €550k | €452k |
| EBITDA | €11k | €-57k | €16k | €10k |
| Net profit | €-4k | €-64k | €4k | €4k |
| Cash flow | €2k | €-58k | €11k | €11k |
| Staff costs | €149k | €140k | €91k | €54k |
| Income taxes | €5k | €-163 | €2k | €-2k |
| Dividends | - | - | - | - |
| Total assets | €135k | €212k | €167k | €143k |
| Equity | €2k | €6k | €70k | €66k |
| Debt | €134k | €206k | €97k | €77k |
| of which ≤ 1y | €132k | €201k | €88k | €64k |
| of which > 1y | €711 | €5k | €9k | €13k |
| Working capital | €-7k | €-4k | €61k | €55k |
| Employees (FTE) | 3.3 | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.95 | 0.98 | 1.69 | 1.86 |
| Quick ratio | 0.70 | 0.83 | 1.52 | 1.64 |
| Working capital ratio | -5.1% | -2.1% | 36.4% | 38.6% |
| Solvency | 1.2% | 2.8% | 41.7% | 46.2% |
| Debt / equity | 79.82 | 35.21 | 1.40 | 1.16 |
| Long-term debt ratio | 0.42 | 0.84 | 0.13 | 0.20 |
| Interest coverage | 1.81 | -21.61 | 5.16 | 4.65 |
| Gross margin | 30.7% | 14.8% | 15.7% | 12.5% |
| Net margin | -0.8% | -15.7% | 0.7% | 0.9% |
| ROA | -3.1% | -30.2% | 2.2% | 2.8% |
| ROE | -249.3% | -1091.8% | 5.2% | 6.1% |
| EBITDA margin | 2.2% | -14.0% | 3.0% | 2.1% |
| Days sales outstanding | 15d | 93d | 54d | 52d |
| Days payable outstanding | 76d | 150d | 57d | 50d |
| Inventory turnover | 10.47 | 12.07 | 30.48 | 28.30 |
| Days inventory (DSI) | 35d | 30d | 12d | 13d |
Full annual accounts (27 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €135k | €212k | €167k | €143k |
| Fixed assets | 21/28 | €10k | €15k | €18k | €24k |
| Formation expenses | 20 | €0 | - | - | - |
| Tangible fixed assets | 22/27 | €7k | €13k | €16k | €21k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €126k | €196k | €149k | €119k |
| Stocks & contracts in progress | 3 | €33k | €29k | €15k | €14k |
| Amounts receivable within one year | 40/41 | €87k | €166k | €131k | €81k |
| Cash & bank | 54/58 | - | - | €750 | €24k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €135k | €212k | €167k | €143k |
| Equity | 10/15 | €2k | €6k | €70k | €66k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-19k | €-15k | €49k | €46k |
| Amounts payable | 17/49 | €134k | €206k | €97k | €77k |
| Amounts payable after one year | 17 | €711 | €5k | €9k | €13k |
| Amounts payable within one year | 42/48 | €132k | €201k | €88k | €64k |
| Trade debts payable within one year | 44 | €71k | €142k | €73k | €54k |
| Income statement | |||||
| Turnover | 70 | €498k | €406k | €550k | €452k |
| Gross operating margin | 9900 | €180k | €86k | €110k | €67k |
| Operating result | 9901 | €5k | €-62k | €9k | €3k |
| Financial income | 75 | €1k | €1k | €41 | €999 |
| Financial charges | 65 | €6k | €3k | €3k | €2k |
| Result before taxes | 9903 | €518 | €-64k | €5k | €2k |
| Income taxes | 67/77 | €5k | €-163 | €2k | €-2k |
| Net result for the period | 9904 | €-4k | €-64k | €4k | €4k |
| Result to be appropriated | 9905 | €-4k | €-64k | €4k | €4k |
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 20-03-2019 |
| Status | Active |
| Postal code | 6041 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0133/00L005 | Wallonia | 399 m² | 1 · 32 m² | - |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
26-04-2023 DEGRAVE Sébastien reappointed as director
- DEGRAVE Sébastien, Bestuurder
Technical details
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"notary": {
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"office_city": "Nivelles",
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"kbo": "0722.948.918",
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}| Legal nameFR | SEBAELEC |