SECUBEAR
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 17-05-2023 was due by 17-12-2023 and was filed on 08-01-2024, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2023
22 d late
2022
4 d early
2021
3 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€37k▲ 135%
2022 · €16k
2021: €15klowest in 3 years
2022: €16k▲ +4.5% vs 2021
2023: €37k▲ +135% vs 2022highest in 3 years
2021 → 2023
Total assets
€639k▼ 19.9%
2022 · €798k
2021: €467klowest in 3 years
2022: €798k▲ +70.9% vs 2021highest in 3 years
2023: €639k▼ -19.9% vs 2022
2021 → 2023
Net result
€21k▲ 3,069%
2022 · €668
2021: €2k
2022: €668▼ -72.2% vs 2021lowest in 3 years
2023: €21k▲ +3069% vs 2022highest in 3 years
2021 → 2023
Working capital
€618k▲ 4.9%
2022 · €589k
2021: €430klowest in 3 years
2022: €589k▲ +37.1% vs 2021
2023: €618k▲ +4.9% vs 2022highest in 3 years
2021 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€15k-€16k▲ 4.5%€37k▲ 135%
2021: €15klowest in 3 years
2022: €16k▲ +4.5% vs 2021
2023: €37k▲ +135% vs 2022highest in 3 years
Operating result€3k-€2k▼ 54.4%€27k▲ 1,583%
2021: €3k
2022: €2k▼ -54.4% vs 2021lowest in 3 years
2023: €27k▲ +1583% vs 2022highest in 3 years
Net result€2k-€668▼ 72.2%€21k▲ 3,069%
2021: €2k
2022: €668▼ -72.2% vs 2021lowest in 3 years
2023: €21k▲ +3069% vs 2022highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 1,583% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €639k
Fixed assets
€2k ▼ 19.4%
Current assets
€638k ▼ 19.9%
Equity and liabilities €639k
Equity
€37k ▲ 135%
Debt
€602k ▼ 23.0%
Debt's share of the balance-sheet total falls from 98.0% to 94.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2022 · €3k
Cash flow
€22k▲
2022 · €2k
Current ratio
32.65▲
2022 · 3.85
Debt to equity
16.36▼
2022 · 50.04
ROE
57.5%▲
2022 · 4.3%
ROA
3.3%▲
2022 · 0.1%
Interest coverage
248.40▲
2022 · 8.40
Debt ≤ 1 year
€20k▼
2022 · €207k
Income taxes
€5k▲
2022 · €613
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 · 35 lines
Balance sheet
Code20222023
Assets
Total assets20/58€798k€639k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€796k€638k▼
Amounts receivable within one year40/41€168k€260k▲
Trade receivables40€150k€249k▲
Other amounts receivable41€18k€12k▼
Cash at bank and in hand54/58€287k€104k▼
Deferred charges and accrued income490/1€341k€274k▼
Equity and liabilities
Total equity and liabilities10/49€798k€639k▼
Equity10/15€16k€37k▲
Contributions10/11€13k€13k=
Profit (loss) carried forward14€3k€24k▲
Amounts payable17/49€782k€602k▼
Amounts payable within one year42/48€207k€20k▼
Trade debts44€206k€14k▼
Suppliers440/4€206k€14k▼
Taxes, remuneration and social security45€613€6k▲
Taxes450/3€613€6k▲
Accrued charges and deferred income492/3€576k€583k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€941€395▼
Other operating charges640/8€348€348=
Gross operating margin9900€3k€27k▲
Operating profit (loss)9901€2k€27k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€300€109▼
Recurring financial charges65€300€109▼
Profit (loss) for the period before taxes9903€1k€27k▲
Income taxes67/77€613€5k▲
Profit (loss) for the period9904€668€21k▲
Profit (loss) for the period to be appropriated9905€668€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€24k▲
Profit (loss) brought forward from the previous period14P€2k€3k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €941 | €395 | ▼ 58.1% |
| Other operating charges640/8 | - | €348 | €348 | = |
| Gross operating margin9900 | €5k | €3k | €27k | ▲ 853% |
| Operating profit (loss)9901 | €3k | €2k | €27k | ▲ 1,583% |
| Financial income75/76B | - | €0 | €0 | ▼ 45.5% |
| Recurring financial income75 | - | €0 | €0 | ▼ 45.5% |
| Financial charges65/66B | - | €300 | €109 | ▼ 63.8% |
| Recurring financial charges65 | €20 | €300 | €109 | ▼ 63.8% |
| Profit (loss) for the period before taxes9903 | €3k | €1k | €27k | ▲ 1,969% |
| Income taxes67/77 | €1k | €613 | €5k | ▲ 769% |
| Profit (loss) for the period9904 | €2k | €668 | €21k | ▲ 3,069% |
| Profit (loss) for the period to be appropriated9905 | €2k | €668 | €21k | ▲ 3,069% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €467k | €798k | €639k | ▼ 19.9% |
| Fixed assets21/28 | €602 | €2k | €2k | ▼ 19.4% |
| Tangible fixed assets22/27 | €602 | €2k | €2k | ▼ 19.4% |
| Plant, machinery and equipment23 | - | €2k | €2k | ▼ 19.4% |
| Current assets29/58 | €466k | €796k | €638k | ▼ 19.9% |
| Amounts receivable within one year40/41 | €35k | €168k | €260k | ▲ 55.0% |
| Trade receivables40 | - | €150k | €249k | ▲ 66.3% |
| Other amounts receivable41 | - | €18k | €12k | ▼ 36.7% |
| Cash at bank and in hand54/58 | €305k | €287k | €104k | ▼ 63.9% |
| Deferred charges and accrued income490/1 | - | €341k | €274k | ▼ 19.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €467k | €798k | €639k | ▼ 19.9% |
| Equity10/15 | €15k | €16k | €37k | ▲ 135% |
| Contributions10/11 | - | €13k | €13k | = |
| Profit (loss) carried forward14 | €2k | €3k | €24k | ▲ 675% |
| Amounts payable17/49 | €452k | €782k | €602k | ▼ 23.0% |
| Amounts payable within one year42/48 | €37k | €207k | €20k | ▼ 90.6% |
| Trade debts44 | €36k | €206k | €14k | ▼ 93.4% |
| Suppliers440/4 | - | €206k | €14k | ▼ 93.4% |
| Taxes, remuneration and social security45 | - | €613 | €6k | ▲ 869% |
| Taxes450/3 | - | €613 | €6k | ▲ 869% |
| Accrued charges and deferred income492/3 | - | €576k | €583k | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €668 | €21k | ▲ 3,069% |
| + Depreciation and write-downs630 | €1k | €941 | €395 | ▼ 58.1% |
| Operating cash flow (approximation) | €4k | €2k | €22k | ▲ 1,241% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-18k | €-183k | ▼ 919% |
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
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
13-06
State Gazette act
General meeting · Merger
Accounting effect · Capital · Frederic HELSEN
13-06
State Gazette act
General meeting · Merger
Accounting effect · Capital
17-05
Financial
Highest result since 2021net €21k ▲3,069%
Operating result €27k, net result €21k, both a record.
17-05
Financial
Liquidity times 8current ratio 32.65
Current ratio from 3.85 to 32.65; short-term debt falls from €207k to €20k.
17-05
State Gazette act
Merger · Accounting effect
Corporate purpose · Capital
17-04
State Gazette act
Merger · Accounting effect
Corporate purpose · Capital
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €668 ▼72.2%
Net result drops to €668, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
Acquisitions and mergers
1 transactionTaken over by:APPROACH BELGIUM